As Vietnam aims for one of the region’s most ambitious growth targets, Deputy Minister of Finance Do Thanh Trung weighs in on the path ahead – examining the challenges, opportunities, and strategic moves needed to sustain momentum and power past the 8 per cent mark in 2025.

Deputy Minister of Finance Do Thanh Trung held a meeting with Takebe Tsutomu, Special Advisor of the Japan-Vietnam Parliamentary Friendship Alliance on March 12, to discuss and boost the building of the Vietnam-Japan University project.

Technology is transforming tax management in Vietnam, enhancing transparency and compliance. The adoption of advanced data analytics and digital tools is essential for efficient tax administration and fraud prevention. As businesses navigate these changes, it is crucial to stay informed and adapt to new regulatory landscapes effectively.

According to the 2017 Law on Tourism, tourism is related to activities of people travelling outside their regular place of residence for a period of less than one year for sightseeing, relaxation, entertainment, learning, exploring, or other eligible purposes.

To achieve remarkable achievements in nearly 40 years of renovation, the Vietnamese business community as a whole, and state-owned enterprises (SOEs) in particular, have made relentless efforts, overcoming numerous challenges. They have reaffirmed their role in guiding the economy.

With open and transparent attraction policies and a favourable, stable, and constantly improving business environment, Vietnam has gained many achievements in attracting foreign investment.

Recently authorised an extended credit limit by the State Bank of Vietnam (SBV), the Military Commercial Joint Stock Bank (MB) is swiftly disbursing the allocation, concentrating on lending to priority sectors to aid economic recovery. Vu Thanh Trung, a member of the board at MB, discusses the bank’s extra credit line and its preferential loan packages for businesses with VIR’s Luu Huong.

Trade protectionism is on the rise around the world, as governments attempt to limit the economic damage from the coronavirus pandemic. Chu Thanh Trung, deputy director of the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade, told VIR’s Phuong Thu the potential risks for Vietnamese products and how actively local businesses should acknowledge the new context.

More than just a phenomenon, Chinese investment in Vietnam has grown into a trend, fitting earlier forecasts.

Abbott is a leading global healthcare company with the mission to create possibilities for people through the power of health. With a 25-year local history, Vietnam is one of the key emerging markets for the company and an example of sustained business growth as well as collaboration with the government and organisations to impact people’s health through healthcare initiatives. The positive impacts of what the company has done so far for the community are partly rooted in its leadership mindset. Douglas Kuo, general manager of Abbott Vietnam, talks about Abbott’s leadership philosophy and its journey to bring breakthrough innovations to improve the health of people in Vietnam.

Economists call for Vietnam to step up outbound investments to maximise advantages from outside resources and contribute to bolstering the country’s position and status in the regional and international arena.