At the invitation of Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh is leading a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit from November 5-8, 2024. On this occasion, he will also attend the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit and hold working sessions in China.
Vietnam and Cuba continue to engage in regular bilateral contacts and exchanges at various levels, particularly at the highest levels. The robust political and diplomatic relationship has facilitated significant economic and trade cooperation between the two nations. Currently, Vietnam ranks as Cuba's second-largest trade partner in Asia and stands as the largest foreign investor from the Asian region in Cuba.
Over the 10 years of implementing Directive No. 40-CT/TW dated November 22, 2014, by the Secretariat of the 11th Party Central Committee, more than 21 million households have received preferential loans for production and business development, helping over 3.1 million households be lifted from the poverty line.
The relationship between Vietnam and the United Arab Emirates (UAE) has been progressing well, delivering many tangible results. The UAE is the first country in the Middle East-Africa region with which Vietnam has initiated discussions to elevate bilateral ties to a new level. Economically, the UAE is Vietnam's largest export market in this region.
After more than half a century of diplomatic ties, Vietnam and Malaysia have continually enhanced their bilateral cooperation across a wide range of sectors, including politics, diplomacy, defense, security, economics, and cultural and people-to-people exchanges. The relationship has gained momentum particularly since the two countries upgraded their ties to a Strategic Partnership in 2015.
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.
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.
© Vietnam News Agency
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