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The Prime Minister underscored that the financial centres are designed to mobilize resources for the growth of Ho Chi Minh City and Da Nang, as well as for the country as a whole. To achieve this, he urged relevant ministries and local governments to focus on essential factors such as infrastructure, human resources, and the overall financial ecosystem.
The manufacturing sector is rebounding strongly, showing resilience after last year’s difficulties. Purchasing Managers' Index (PMI) data reveals five consecutive months of expansion, with industrial production notably improving in textiles and footwear. This resurgence has led to double-digit export growth, driven by broader market access for Vietnamese agricultural products.
This price increase is expected to enhance revenues for companies in the rubber sector, notably the Vietnam Rubber Group. According to MB Securities, the average price for the group’s rubber is projected to reach VNĐ36.8 million per tonne in 2024, a 14% increase compared to this year. Total consumption is estimated at around 500,000 tonnes, contributing to a revenue projection of VNĐ18.35 trillion ($716.8 million), up 9% from 2023.
Vietnam has experienced an increase in the frequency and intensity of typhoons, a trend attributed to climate change. Recent reports highlighted that Typhoon Haikui and Typhoon Doksuri caused significant damage in several provinces, with flooding affecting thousands of households. The government has been working to manage disaster response effectively, but the scale of the damage has necessitated international assistance.
The announcement followed a meeting between SpaceX representatives and Vietnamese government officials, where both parties discussed potential collaborations. This partnership aligns with Vietnam's strategic objectives to advance its space initiatives, particularly through the Vietnam National Space Center (VNSC). The VNSC has made notable progress in recent years, successfully launching several satellites in collaboration with international organizations.
In response to this unprecedented disaster, LOTTE Group and its subsidiaries—such as LOTTE Department Store, LOTTE Mall West Lake Hà Nội, LOTTE Mart, LOTTE E&C, LOTTE Hotels, and LOTTE Rental—mobilized their resources to assist affected communities swiftly. The group's representatives presented VNĐ1.6 billion to the VFF office in Hà Nội, VNĐ1.1 billion to the VFF branch in Ho Chi Minh City, and an additional VNĐ300 million to VFF branches in Hạ Long City, Long An, and Bình Dương provinces.
Since the elevation of their relationship to a comprehensive strategic partnership, Vietnam and the U.S. have engaged in robust dialogues aimed at addressing global challenges and regional stability. High-level exchanges, including visits from both countries' leaders, have strengthened mutual understanding and commitment to shared values such as democracy, human rights, and sustainable development.
While the overall sentiment remained positive, some stocks faced selling pressure. The Bank for Foreign Trade of Vietnam (VCB) fell by 0.32%, Vietnam Airlines JSC (HVN) dropped by 2.07%, and Hòa Phát Group JSC (HPG) saw a decline of 0.57%.
The proposed economic sectors system categorizes the economy into five levels, starting with 22 primary sectors at Level 1, identified by alphabetical codes from A to V, and extending to a comprehensive 733 sectors at Level 5, defined by numerical codes. A notable aspect of this draft is its focus on integrating green economic principles into the framework.
The Vietnamese government has recognized the importance of this industry as a key driver of economic growth and technological advancement. With a vision to establish a robust semiconductor ecosystem, the strategy aims to attract foreign investment, enhance research and development capabilities, and foster collaboration between domestic companies and international partners.
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