VOV.VN -Minister of Industry and Trade Nguyen Hong Dien has affirmed the nation’s support for the multilateral trading system, as well as joint efforts in responding to challenges currently facing the global economy.

Vietnam’s economy glimmers with bright prospects but faces new challenges, given the fact that the COVID-19 pandemic has yet to end and global political and economic shocks continue.

Ho Chi Minh City is yet to tap the full potential of the night time economy despite evidence from other countries that it encourages higher spending by tourists, experts said.

VOV.VN - The COVID-19 pandemic which broke out over two years ago has dealt a heavy blow to the global economy, whilst the Vietnamese economy, which boasts a high level of openness, has also suffered profound consequences.

VOV.VN - Vietnam’s gross domestic product (GDP) reached approximately US$368 billion in 2021, making it the fifth-largest economy in Southeast Asia and 41st in the world, the International Monetary Fund (IMF) World Economic Outlook has revealed.

The Mekong Delta city of Can Tho has launched a project to boost the development of its night-time economy as part of its efforts to attract more tourists.

Minister of Agriculture and Rural Development Le Minh Hoan said that it is necessary for the nation to shift from agricultural production to an agricultural economy.

Appropriate policies and regulations will help fully exploit untapped potential for developing blue sea economy, which plays an important role in socio – economic development of Vietnam, according to insiders.

The Embassy of Sweden in Hanoi, in partnership with the Ho Chi Minh City People’s Committee and the Vietnam Chamber of Commerce and Industry, held a conference titled “Pioneer to the Possible” in the southern city on June 2 as part of efforts to boost their partnership in sustainable development.

VOV.VN - FiinGroup says that S&P Global Rating has recently upgraded its long-term credit rating on Vietnam to BB+, with this stable outlook, is a good sign that can fuel the country’s hope of achieving its target of BBB- sooner than the set goal of 2030.