According to Medas, despite rising geopolitical instability on the globe, Vietnam’s economy experienced a growth rate of 5.66% in the first quarter of this year. Exports continue to see an upward trend, facilitating overall growth until the end of this year.

He forecasted that Vietnam’s economic growth is predicted to expand by nearly 6% this year thanks to the recovery of domestic demand and the Government's support fiscal policies. However, Vietnam needs to have a flexible fiscal policy to cope with risks and ensure substantial growth, he noted.

The expert said that the country continues to receive a large volume of foreign direct investment amidst the shifting of supply chains to Asia and Vietnam is one of the investment destinations for foreign investors.

Nevertheless, to remain its attractiveness, Vietnam should continue to improve its business environment, streamline administrative procedures, develop infrastructure, especially for green energy development, and promote innovation, he added.

Northcentral region eyes breakthroughs in investment attraction in 2024

Localities in the northcentral region have made concerted efforts and implemented various measures to attract investment, especially foreign direct investment (FDI), contributing to socioeconomic development in 2024.

A turning point in 35 years of FDI attraction in Vietnam

During the 35-year journey of foreign direct investment (FDI) attraction, Vietnam has continuously improved institutions and incentives to attract and better manage domestic and foreign investment resources. The expansion of economic diplomacy activities by the Party and Government in recent times has created more opportunities for Vietnam to attract high-quality capital flows into new industries.

Russian company eyes wind power investment in Vietnam

Russian energy firm Zarubezhneft, a partner of state-owned Petrovietnam for 40 years, is seeking to invest in offshore wind power in Vietnam.

Bac Giang attracts investment to develop logistics services

BAC GIANG - The logistics industry plays an important role in business activities of most types of goods and services. Tapping local advantages, Bac Giang has paid attention to improving infrastructure, raising business capacity and service quality, and developing logistics services.

Bac Ninh’s efforts to improve investment environment pay off

Efforts to improve the investment environment made by the northern province of Bac Ninh, which borders Hanoi capital city, have proved effective, as it has been among leading destinations in Vietnam for foreign direct investment (FDI) inflows in recent years.

Source: VNA