Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.

VOV.VN - The impressive growth momentum recorded during the past year is expected to serve as a premise for the nation to go on and achieve its growth target of 6.5% in 2023, according to economic experts.

Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.

VOV.VN - Despite enduring the long-term impact of the COVID-19 pandemic, Vietnam still managed to attract a large amount of foreign direct investment (FDI) in 2022, with the outlook forecast to be optimistic moving into 2023.

Seaports nationwide are still working through Lunar New Year (Tet) break to ensure that import-export activities are not disrupted, according to the Vietnam Maritime Administration (VMA).

VOV.VN - Many supermarkets and wet markets began to receive customers and visitors on January 23 morning, one day after they closed their door to celebrate Vietnam’s biggest festival – the lunar New Year (Tet).

VOV.VN - The Central Institute for Economic Management (CIEM) has developed two scenarios for the Vietnamese economy in 2023 after an 8% growth rate was recorded in 2022.

VOV.VN - Vietnam is likely to attract roughly US$ 36-38 billion in foreign direct investment (FDI) this year, while last year’s figure neared US$22.4 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Vietnam’s GDP growth in 2023 has been adjusted upward to 6.8% in the ASEAN+3 Macroeconomic Research Office (AMRO)’s January Update, up from 6.5% in its October report.

VOV.VN - As the Lunar New Year draws near, Tran Quy Cap wet market in Hanoi remains bustling with people flocking to purchase Dong leaves, a key item used to make Chung cakes (square sticky rice cakes), a traditional New Year cake eaten in Vietnam.