(VOVWORLD) - Adopting solutions to ensure export growth is one factor driving the Vietnamese economy this year. As green growth and a circular economy become global trends, Vietnam has adopted its international trade production and supply chains to meet the technical requirements and strict market standard of new-generation free trade agreements.

(VOVWORLD) - Processing and manufacturing will continue to drive Vietnam's economic growth in 2023. Despite an unfavorable world market, the industry and trade sector has put forth many solutions, including a supply source of raw materials for production and promoting key industrial projects to increase production capacity.

(VOVWORLD) - Initiated 20 years ago by Ho Chi Minh City, the market stabilization program has developed a stable source of supply of essential goods at a price level lower than market price, contributing to the municipal social-economic development. The program has helped HCMC outline practical solutions to expand its scale and enhance its efficiency by improving product quality towards deep processing.

(VOVWORLD) - Social impact businesses (SIBs) in Vietnam used to be thought of as organizations that mainly did charitable activities with the main principle being not to make a profit, but creating jobs for disadvantaged people. Most of their profits were spent on social activities. But a 2018 study on SIBs conducted by the National Economics University and UNDP introduced a wider conception of SIBs as organizations that have both trading activities and a commitment to positively impacting society or the environment in their operations.

(VOVWORLD) -Vietnam’s tourism sector’s goal is to serve 8 million foreign tourists and 102 million domestic tourists in 2023. To reach that goal, the sector has increased promotion and improved the quality and variety of tourism products and accommodation services.

(VOVWORLD) -By investing in modern equipment and applying digital technology to improve the throughput capacity, the seaports in Hai Phong have opened many new maritime service routes to connect Vietnamese cargo directly and conveniently to all international markets. Hai Phong port has affirmed its position as the gateway to the sea for northern provinces and the pillar of Vietnam’s marine economy.

(VOVWORLD) -Vietnam’s trade turnover reached 732 billion USD in 2022. This is the first time Vietnam’s trade value has exceeded 700 billion USD, making it one of the world’s top countries in international trade. This provides a basis for Vietnam setting an export growth target of 6% in 2023.

(VOVWORLD) - In 2022, due to the COVID-19 pandemic and energy price hikes caused by the Russia-Ukraine conflict, the global economy has slowed and many economies have been in recession. But Vietnam's economy remains strong and has become a bright spot of the regional and global economy, thanks in part to flexible and effective management policies.

(VOVWORLD) -Endowed with 305 km of coastline, abundant natural resources, including the largest oil reserve in Vietnam, five of its eight districts and cities bordering the sea, and a deep-water port, Ba Ria-Vung Tau province is the gateway to the sea of Vietnam’s Southeast region. Over the years, Ba Ria-Vung Tau has made effective use of those potentials to develop a marine economy based on oil and gas development, tourism, and seaports.

(VOVWORLD) - Thailand has become Vietnam’s biggest trading partner in ASEAN and the 9th-largest foreign investor in Vietnam, with more than 600 projects worth 13 billion USD as of this June. Trade between the two countries reached 5 billion USD in the first quarter of this year, with plans to boost it to 25 billion USD by 2025. Vietnam has been a hotspot for Thai investors for over a decade. In this week’s Business, we’ll look at the reasons why Thai companies are interested in the Vietnamese market.