Focus: Behind The Export Success: As Vietnam aspires to become a high-income country, it is time to redefine its export strategy and tackle the challenges of achieving sustainable growth. The World Bank’s recent report, “Vietnam 2045: Trading Up in a Changing World,” offers critical analyses and recommendations that demand serious consideration.
Inside Vietnam
Breaking Free From Middle-Income Trap: Speaking at a recent thematic discussion on the new era of national advancement at the Ho Chi Minh National Academy of Politics, Party General Secretary To Lam emphasized that this era fosters decisive and dynamic efforts by the nation to overcome challenges, transcend limitations, fulfill aspirations, and drive comprehensive economic development.
Benefits From Elevated Partnerships: Amid the rising global trends of populism and protectionism in recent years, it is not only necessary to expand relationships but also to deepen cooperation to help highly open economies like Vietnam mitigate risks.
Old Friends, New Horizons: Bulgarian President Rumen Radev’s recent Vietnam visit, which also took in HCMC, sparks renewed interest in Vietnam-Bulgaria ties.
Business
Big Players Awaited: The stock market’s recovery momentum remains uncertain as the VN-Index continues to linger in a correction phase, evident in the weekly chart.
Financial Health Of Small Banks: Credit continued to grow positively in the first nine months of 2024, but the full-year target of 15% is still hard to achieve. New growth drivers have emerged, particularly from small commercial banks. This is a critical concern as balancing growth with asset quality has become more important than ever as the economy’s fundamentals are still fragile due to weak domestic demand.
Living
Rediscovering Childhood Passion: In a modest room, no more than 10 square meters, Vuong Giai Huan sits on the tiled floor, carefully painting a miniature lion head. Each brushstroke brings vibrancy to the piece, inching it closer to completion. Surrounding him, shelves hold colorful, fierce lion heads, ready to be shipped to clients across Vietnam and beyond. Each miniature tells a story, reflecting both cultural significance and Huan’s journey as an artisan.
Where Beauty Blooms Off Beaten Path: Tucked away in Central Vietnam, Phu Yen is a serene destination famed for its cinematic allure, showcased in the film Yellow Flowers on the Green Grass. Yet beyond the tourist season, Phu Yen unveils a quieter, more authentic charm waiting to be discovered.
Travel
Eatul Waterfall: A Hidden Gem For Adventure Seekers: Nestled deep within the tropical rainforest of Ia Pa District in Gia Lai Province, Eatul Waterfall is a captivating escape for nature lovers. This untouched natural wonder, surrounded by lush greenery, offers both adventure and serenity, making it a dream destination for explorers.
Savoring Linh Fish Hotpot In Mekong Delta: Linh fish and sesbania flower hotpot is a quintessential dish of the Mekong Delta, particularly beloved during the flooding season. This delicacy embodies the essence of southern Vietnam’s riverine life, offering a blend of simplicity and harmony in every bite.
