The Business Confidence Index (BCI) report for Q3 2024, recently published by the European Chamber of Commerce in Vietnam (EuroCham), indicates positive signals in business sentiment, despite ongoing economic challenges stemming from the impacts of Typhoon Yagi and operational barriers for businesses in Vietnam.

Vietnam active and proactive member of AIPA

In the first nine months of 2024, Vietnam's Gross Domestic Product (GDP) increased by 6.82% year-on-year, with a GDP growth rate of 7.4% in the third quarter. The socio-economic situation in the third quarter and the first nine months of the year continues to show positive trends, with various sectors gaining significant achievements, laying a foundation for further growth in the remainder of the year.

Chairman of the National Assembly Tran Thanh Man will lead a high-ranking NA delegation to pay an official visit to Laos and attend the 45th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-45) from October 17-19. This is the legislative leader's first official visit to Laos in his new position, taking place just ahead of the AIPA-45 General Assembly, with Laos as the host nation.

The GDP in the first 9 months of 2024 expanded by 6.82% compared to the same period in 2023. The GDP, based on 2010 constant prices, reached 4,472.22 trillion VND (around 180 billion USD).

Vietnam and China are neighboring countries with many similarities in culture, political systems, and development paths. Recently, with the joint efforts of both sides, the relationship between the two parties and the two countries has maintained a very positive momentum of development, achieving significant accomplishments in all areas.

As of July 2024, Vietnam has 11 higher education institutions that meet international quality standards, accredited by five foreign organizations with various evaluation criteria.

Once a war-torn city, Hanoi has transformed into a hub of dynamic growth and development. The capital's economy consistently achieves strong growth rates, contributing 16% to the national GDP and 19% to the overall state budget.

Vietnam has launched a drive lasting 450 days and nights, pooling public strength to eradicate temporary and dilapidated housing nationwide by the end of 2025.

With its unique geographic significance, Hanoi proudly stands as the place where President Ho Chi Minh lived and worked the longest. It is also where he authored and proclaimed many of his influential works, now part of both Vietnamese and global history. Moreover, Hanoi is home to numerous landmarks that trace his legacy.

Vietnam, guided by the principles of proactivity, positivity, and responsibility, has made significant contributions to ASEAN cooperation throughout its journey with the organization. These efforts exemplify Vietnam's consistent spirit of peace, harmony, and friendship, all aimed at fostering stability and mutual prosperity. The nation is always dedicated to building a strong and united ASEAN, enhancing its role and prestige at both regional and global stages.

As of September 30, the total registered capital from new licenses, adjustments, and capital contributions for share purchases by foreign investors reached over 24.78 billion USD, up 11.6% compared to the same period in 2023.

On the occasion of the official visit to France by Party General Secretary and President To Lam on October 7, 2024, Vietnam and France issued a joint statement on upgrading their relations to a Comprehensive Strategic Partnership. As of October 2024, Vietnam has Comprehensive Strategic Partnership with eight countries.