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Business | Vietnam Law and Legal Forum magazine Vietnam Law & Legal Forum Magazine Vietnam hailed as economic development model amid global uncertainties Foreign media outlets have cast a positive light on Vietnam’s economic growth, hailing its resilience amid global challenges and strategic vision for future growth. FDI fuels Vietnam’s momentum to reach double-digit economic growth Vietnam urged to seize digital transformation opportunities Vietnam committed to supporting nuclear weapon-free world: Ambassador Vietnam delivers report at session on Convention on the Rights of Persons with Disabilities Party chief’s trip to enhance cooperation with Indonesia, Singapore, ASEAN: official Social housing must be prioritized over commercial accommodation: PM UNICEF hails Vietnam’s public school tuition waiver policy as investment in future Vietnam chairs 75th meeting of Initiative for ASEAN Integration Task Force Semiconductor industry propels Vietnam’s industrial realty market boom: Savills With enhanced investment and Government’s support, the semiconductor industry has a pivotal role to play in the growth of Vietnam’s industrial real estate. Vietnam's trade surplus tops USD 3 billion in January Vietnam recorded a trade surplus of USD 3.03 billion in January, despite overall trade activity showing signs of contraction, according to data released by the General Statistics Office on February 6. Banks stimulate credit from the beginning of 2025 Commercial banks have stimulated credit demand right from the start of the year to support economic growth. Vietnam's industrial real estate poised for expansion in 2025 Vietnam’s industrial real estate sector is expected to experience robust growth in 2025, driven by domestic economic growth factors such as foreign direct investment , infrastructure development, and an improved investment environment. Businesses advised to expand exports to EU via official channels Although formal export methods are more complex and high costs compared to exporting via unofficial channels, experts recommends businesses to adopt this practice as it brings about greater benefits for them when penetrating big and choosy markets like the European Union . Further improving institutions to boost production development and economic growth The Government on January 8 requested authorities, sectors and localities at all levels to concentrate efforts on direction and administration activities to ensure the 2025 GDP growth rate reaches at least 8 percent and strive for a two-digit growth rate. Vietnam's digital tech sector boasts nearly 74,000 companies As of late 2024, Vietnam had 73,788 digital technology enterprises, marking a 10.1 percent increase from the same period in 2023. Nearly 1.26 million workers are employed in the Information and Communication Technology sector. Vietnam takes measures to tighten cross-border e-commerce Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade has been taking measures to enhance the management of cross-border e-commerce platforms. More efforts needed to make tourism key economic sector With significant growth in both the number of visitors and revenue in recent years, Vietnam's tourism sector has increasingly affirmed its important position in the nation's socio-economic development. Businesses supported to develop green practices As part of efforts to advance sustainable business practices in Vietnam, in 2024, the Ministry of Planning and Investment has leveraged resources from international organizations such as ESCAP, USAID, and UNDP to help businesses implement green, circular, and inclusive models. Greater efforts needed to boost semiconductor industry’s growth Minister of Planning and Investment Nguyen Chi Dung, who is also deputy head of the National Steering Committee for Semiconductor Industry Development, emphasized that the committee will continue to settle difficulties and bottlenecks to turn the semiconductor industry into a major driver of Vietnam’s growth in the new era. Vietnam's economy: Flexible and reasonable fiscal policy As Vietnam's economy is recovering from the COVID-19 pandemic but still faces many big challenges, the Ministry of Finance has introduced a range of measures aimed at revitalizing economic activity and mitigating the impact of global uncertainties. NA approves fuel environmental tax cut for another year The National Assembly Standing Committee has issued a resolution on Vietnam’s environmental protection tax rates for petrol, oil, and lubricants in 2025, keeping in effect a tax cut introduced to support the economy post pandemic. Businesses expected to increase exports through foreign distribution systems The direct export of Vietnamese goods through various foreign distribution systems not only helps producers increase profits but also provides Vietnamese products an opportunity to be exported under their own brands. This is considered a key factor in successfully building the Vietnamese brand in the international market. Vietnam emerges as East Asia – Pacific’s economic powerhouse: WB Vietnam has distinguished itself as one of the fastest-growing economies in the East Asia-Pacific region in 2024. Vietnam among Asia’s 15 largest economies The statistical visualization platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some USD 506 billion in 2025. Vietnam should tap domestic market for economic growth: insiders The government has implemented various policies to boost economic development, focusing on three key drivers, namely investment, consumption, and exports. Besides, developing the domestic market is a crucial pillar of this "three-horse carriage for growth". Unlocking cooperation potential The Comprehensive and Progressive Agreement for Trans-Pacific Partnership is believed to accelerate the economic relations between Vietnam and the UK to a new height. It also offers a significant opportunity for businesses to expand their market reach and enhance their competitiveness. MoIT sets export growth at 6 percent in 2025 The Ministry of Industry and Trade has set a target of 6 percent export growth in 2025 as global inflation has cooled down and international market demand recovers. National strategy aims at boosting application and development of blockchain technology The National Strategy for application and development of blockchain technology through 2025, with orientations toward 2030 is aimed to formulate the Government’s general policy framework to direct the development and application of blockchain technology through 2030, emphasizing the importance of blockchain technology in the development of digital technology industry and digital economy and the process of national digital transformation. Copyright Vietnam Law and Legal Forum magazine, Vietnam News Agency,79 Ly Thuong Kiet St. Hanoi, VietnamLicense No: 172/GP-BTTTT issued by the Ministry of Information and Communications on May17, 2023Deputy Editor-in-Chief: LE HAI TRIEUTel: 04-38248670/Email: [email protected]