Việt Nam has emerged as the world’s fourth-largest market for branded residences, underscoring the country’s growing appeal as a destination for luxury real estate investment, according to a new report by global property consultancy Savills.
International container shipping has been affected by escalating tensions in the Middle East, which have disrupted several major trade routes. Some vessels are unable to pass through the Strait of Hormuz, forcing carriers to reroute their services.
The Party leader called on relevant agencies to formulate a concrete strategy to restructure the national economy, gradually balance the trade while maintaining growth momentum, and break away from outdated mindsets.
The Government has issued a resolution outlining 10 key solutions, promoted energy diplomacy and directed increased exploitation of oil, gas and coal resources, while regulating hydropower reservoirs to support electricity generation.
Minister of Foreign Affairs Lê Hoài Trung on Tuesday received Helene Budliger Artieda, Director of Switzerland’s State Secretariat for Economic Affairs, who was on a working visit to Việt Nam from March 15 to 17.
Việt Nam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing the risk of market instability.
However, gains were capped by losses in the oil and gas and chemical industries, with DGC shares facing a dramatic decline following the announcement of criminal charges against top executives within the company.
On this occasion, the Commissioner will participate in the EU-Vietnam Global Gateway Business and Investment Forum that will take place in Hà Nội on March 24.
Quang Trung Software City aims to become a strategic operator of HCM City’s digital infrastructure and develop into a “science city” integrating research and development, innovation and the production of high-tech and core technology products and services by the end of this decade.
Thai Ambassador Urawadee Sriphiromya praised Phú Thọ’s development orientations, stating that stronger partnerships in investment, trade, tourism, and people-to-people exchanges are highly feasible.
In Official Dispatch No 23 issued on March 16, PM Chính called for co-ordinated policies to assist businesses, diversify markets and supply chains, improve logistics capacity and promote sustainable export growth.
US regulatory agencies are tightening controls on imported seafood products, while geopolitical instability in the Middle East is beginning to affect global supply chains and logistics costs.
Statistics indicate that private companies are not only participating in infrastructure development but increasingly taking leading roles in mobilising investment capital.
Prime Minister Phạm Minh Chính commended authorities for promptly implementing the Government’s directives and taking steps to secure fuel supplies and maintain price stability as the conflict continues to evolve.
The agreement is expected to significantly strengthen trade and investment links between Việt Nam and Switzerland, as well as between Việt Nam and EFTA members, while enhancing regional supply chains and promoting sustainable growth.
