Economy

Currently, Vietnam has approximately 1,270 supermarkets, 270 shopping centres, nearly 250,000 convenience stores, and over 7,500 outlets operated by foreign-invested enterprises.

The presence of multinationals like Samsung, Canon, Intel, and Bosch has provided a strong boost.

With GDP growth surpassing 8% in the third quarter and optimistic projections from HSBC (7.9%) and Standard Chartered (7.5%), the full-year target of 8.5%.

On October 30, the People's Committee of Tay Ninh province held a conference to review and promote GRDP growth in 2025.

The Vietnamese Ministry of Industry and Trade (MoIT) signed a memorandum of understanding (MoU) on clean energy cooperation with the UK Foreign, Commonwealth and Development Office.

To remain globally competitive, Vietnamese garment and textile producers must increase productivity, invest in modern equipment and automation, diversify product lines, and expand into high-end, specialised markets.

According to the Tay Ninh Provincial Economic Zone Management Board, the system of border gates facilitates cross-border trade of goods.

In the context of increasingly fierce competition to attract investment between localities, administrative procedure reform is one of the most important factors creating trust and attractiveness for investors and enterprises.

The high FDI disbursement so far this year is attributed to the fact that businesses have been quickly allocating funds to build factories and purchase machinery and equipment to soon put their plants into operation.

Speeding up compensation and site clearance progress creates conditions for industrial park projects to be implemented on schedule, contributing to attracting investment and promoting industrial development.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the strong growth was driven by recovering demand in China, the US, the EU and the CPTPP bloc.

The Tay Ninh Provincial Economic Zone Management Board has just submitted a proposal requesting consideration and approval of the investment policy for the "Moc Bai Infrastructure Development Project to 2030" .