Vietnam continues to benefit from its broad re-opening strategy, which saw a huge crowd flocking to tourist hotspots in the country and household spending rebound. Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty related to the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank. Cargo handling at Dinh Vu port, Haiphong. Photo: Cong Hung In its latest report, the World Bank pointed out the robust growth of industrial production by 9.4% in April, comparable to pre-pandemic rates. Manufactures of apparel, footwear, electronics, electrical equipment, and metal products were the most dynamic sub-sectors, registering double-digit growth rates, it added. However, machinery manufacturing slowed from 26.6% year-on-year in March to only 5.1% in April. This deceleration was related to supply chain disruptions caused by lockdowns in China, which led to a … [Read more...] about Vietnam’s economic recovery gaining momentum
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Vietnam, Greece seek to further promote multifaceted cooperation
President Sakellaropoulou lauded the important achievements that Vietnam has made during its struggle for independence and present process of socio-economic development. She affirmed that Greece highly valued the increasingly important role of Vietnam in the region and the world, and hoped to foster cooperation with Vietnam in all fields. The two leaders agreed that the two sides should increase meetings and exchange of delegations at all levels among ministries, sectors and localities as well as the two business communities. They assigned the two ministries of foreign affairs to review and speed up solutions to promote the bilateral partnership. President Phuc took this occasion to thank Greece for providing COVID-19 vaccines to Vietnam. Both sides showed delight that despite impacts from the COVID-19 pandemic, trade between the two countries still increased to 447 million USD in 2021, up 33 percent year on year, and two times higher than the 15 percent growth in Vietnam - E.U. … [Read more...] about Vietnam, Greece seek to further promote multifaceted cooperation
Plans in place to strengthen Greece – Việt Nam ties
Greek President Katerina Sakellaropoulou and Vietnamese President Nguyễn Xuân Phúc during the press conference. — VNA/VNS Photo Thống Nhất HÀ NỘI — President Nguyễn Xuân Phúc and Greek President Katerina Sakellaropoulou on Monday emphasised the importance of enhancing relations between the two countries. This is the Greek President's first official visit to Việt Nam. Vietnamese President Phúc praised the hard work carried out between the two countries to make progress with existing relations and revealed plans are in place to strengthen ties in the future. He told the press conference: "The relations between the two countries have seen significant progress recently, and we have set out specific directions and strategies to further deepen our cooperation in all aspects. "We also discussed a number of regional and international issues of mutual concern.” President Katerina Sakellaropoulou said that this visit will enhance relations between the two countries, the first time … [Read more...] about Plans in place to strengthen Greece – Việt Nam ties