Businesses should be made the center of innovations and a development focus of the industry and trade sector, Prime Minister Pham Minh Chinh said at a conference in Hanoi on February 3.

Prime Minister Pham Minh Chinh on February 2 asked the Government, ministries, agencies and localities to boost production and trade, deal with difficulties to be faced by businesses and people this month to achieve rapid and sustainable socio-economic development.

A teleconference between the Government and the 63 provinces and centrally-run cities opened on January 3 morning to review the 2022 performance and carry out the Party Central Committee’s conclusions and the National Assembly (NA)’s resolution on the socio-economic development plan for 2023.

Vietnam enjoyed a trade surplus of nearly USD 11 billion in the first 11 months of 2022, of which the agricultural sector contributed significantly with USD 7.82 billion.

There is still a lot of untapped potential for Vietnamese businesses in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) three years after it went into effect, said policymakers and industry experts during an online conference in Hanoi on December 1.

Vietnam’s total import-export revenue hit USD 700 billion so far this year, exceeding last year’s record of USD 600 billion, reported the General Statistics Office.

Despite many difficulties, Vietnam has managed to keep the overall situation under good control with stable macro-economy and ensured major balances, including a trade surplus of over 10 billion USD, stated Prime Minister Pham Minh Chinh while chairing a regular government meeting on December 1.

Vietnam has been removed from the US's monetary manipulation monitoring list. The State Bank of Vietnam said that the decision was announced in the US Department of the Treasury's Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US, which was released on November 10.

Prime Minister Pham Minh Chinh’s upcoming trip to Cambodia offers an opportunity for Vietnam to affirm the consistent foreign policy of the Vietnamese Party and State.

Vietnam's export value to Comprehensive and Progressive Agreement for Trans-Pacific Partnership member countries increased by 38.7 percent to USD 41 billion over the first eight months of 2022, the Government's report shows.