Vietnam to remain important link in global supply chains: economist
Vietnam will remain an important link in global supply chains and a destination favoured by many businesses, said Tim Leelahaphan, Standard Chartered's economist for Thailand and Vietnam, on February 28.
Hanoi (VNA) – Vietnam will remain an important link in global supplychains and a destination favoured by many businesses, said Tim Leelahaphan,Standard Chartered's economist for Thailand and Vietnam, onFebruary 28.
Speaking at the seminar titled “Global Economic andFinancial Outlook Update: Implications for Vietnam” held by the Ministry ofForeign Affairs and the British bank, he said that Vietnam’s GDPgrowth rate may hit 7.2% this year and 6.7% in 2024.
The country's economy still faces some macro risks such asinflation, public debt, and confidence recovery in the first half of 2023, butthe recovery outlook is positive in the second half, he predicted.
Delegates attend the seminar. (Photo: VNA)
Michele Wee, Chief Executive Officer at Standard CharteredBank Vietnam Ltd., said that Vietnam has medium- and long-term development outlooks,which helps increase growth potential and attract investment.
Vietnam is playing an increasingly important role ininternational trade activities and global supply chains, she affirmed, addingthat Standard Chartered always strives to support Vietnam's recovery andsustainable growth in 2023 and the coming years.
Ambassador Giorgio Aliberti, Head of the European UnionDelegation to Vietnam, and many economists attending the seminar agreed thatVietnam should promote green trade and provide comprehensive support for sustainabilitygoals in the context that accelerating the implementation of commitments todigital transformation and green transformation associated with environmentalcriteria is a mandatory trend for almost all countries.
They proposed Vietnamese enterprises take appropriatepreparations to catch up with this inevitable trend by innovating the way ofthinking, changing governance methods, and building a green export strategy.
Assistant to Foreign Minister Nguyen Minh Hang speaks at the event. (Photo: VNA)
Speaking at the event, Assistant to Foreign Minister NguyenMinh Hang stressed that the promotion of international cooperation to takeadvantage of the collaboration and support of international partners forsocio-economic recovery measures, and for boosting new growth drivers such asgreen growth and digital transformation is very important to Vietnam./.
Experts are urging Vietnamese firms to incorporate integrity principles into their corporate governance since they believe business integrity would be the passport to global supply chains.
The implementation of free trade agreements (FTAs) will continue to prove fruitful for Vietnam in 2023, said Minister of Industry and Trade Nguyen Hong Dien.
A survey conducted by the association showed 63% of Japanese enterprises said they would continue investing in operation expansion in the next 1-2 years, reflecting that investors have great expectations for Vietnam's economic growth.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
Delegates attend the seminar. (Photo: VNA) 
Assistant to Foreign Minister Nguyen Minh Hang speaks at the event. (Photo: VNA) 
