China is greatly interested in strengthening strategic development ties with Vietnam, improve connectivity between the two countries and build a sustainable supply chain.
At the World Economic Forum in Davos in May 2022, Professor Joseph Eugene Stiglitz, the American economist and public policy analyst, told Bloomberg that the rising interest rate would not solve the inflation problem nor would it help in creating more food sources.
Debut of masses of modern infrastructure construction nationwide has decorated the country’s new face in the last years facilitating people’s travel demand and contributing to the national gross domestic product growth rate.
Last year, Vietnam recorded many positive results in business environment improvement. However, in the context of the global and regional reforms, these results were quite modest, especially, competitiveness 4.0 of Vietnam still ranked sixth among countries in the ASEAN.
Singapore has surpassed the US to become the most competitive economy in the World Economic Forum (WEF)’s latest Global Competitiveness Report, which was released on October 9.
Prime Minister Nguyen Xuan Phuc hosted a reception on March 13 for economist Philipp Rosler, urging him to make further contributions to Vietnam’s socio-economic development, especially towards the development of the business community.
Vietnam expects to welcome more than 800 leaders of governments, global leading groups, civil society organisations and media to the World Economic Forum (WEF) on ASEAN slated for this September in Hanoi.
The World Economic Forum’s latest global competitiveness list, released on Wednesday, ranked Vietnam 55th overall, up five places from last year and 20 from five years ago.