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Summary

6 ECONOMY - POLICY

14 COVER STORY

New economic models create EXPORT DECLINES A MAJOR
breakthroughs for sustainable CHALLENGE OVER REMAINDER
growth and development
OF THE YEAR
O n October 6, in Hanoi, and the
Central Institute for Economic Management
(CIEM) co-hosted the Vietnam New Economy
Forum 2023, with the theme “New economic models to
promote breakthrough growth and sustainable A fter four consecutive months of growth, September
development”. The results of the Forum will serve as a exports were down 4.1 per cent compared to August.
reliable source of reference information for policymakers and Under some forecasts, there will be many positive
managers to ensure that the process of building, adjusting, signs from now until the end of the year. According to the
and implementing policies is appropriate and creates Ministry of Industry and Trade, however, global economic
conditions for investment to transition to new economic instability and uncertainty are at their highest level for many
models. The Forum also aims to create opportunities for years, affecting macro-economic stability and Vietnam’s
businesses to share and respond to information on current growth prospects. These issues will have a degree of impact
policies and exchange and consult with domestic and on Vietnam’s export performance.
international experts to promote investment in new
economic models, increasing value and efficiency.

28 COVER STORY
8 ECONOMY - POLICY
20 YEARS OF VIETNAMESE
EXCELLENT BRANDS

O n October 6, in Hanoi, celebrated
the 20th anniversary of the Vietnamese Excellent
Brands program (2003-2023), announcing the Top 10
and Top 50 Vietnamese Excellent Brands in 2022-2023.
Excellent brands include corporate brands posting
impressive production and business results, and brands that Attracting
are pioneers in innovating advanced science and technology,
creating new breakthroughs in the value chain of production, ‘green’ capital
business and trade of products and services; Pioneering from foreign
brands implement action plans on sustainable development,
environmental improvements, and climate change, aiming investors
to implement Vietnam’s net-zero commitment while
strengthening policies towards workers and the community.
Enterprises with high brand value are evaluated and valued
V invest an additional $368 billion from now until 2040,
by reputable domestic and international organizations. ietnam, according to the World Bank (WB), needs to
or about 6.8 per cent of GDP each year, on the roadmap
to combat climate change and reduce emissions. However, it
faces a lack of long-term capital. The early issuance of a list of
green investment projects with specific criteria would help
Vietnam gain more opportunities to attract foreign
investment. The International Finance Corporation (IFC) has
proposed many solutions from two important perspectives,
which are improving resilience to climate impacts and
pursuing a growth strategy that directs the economy to
gradually reduce carbon-intensive energy sources.

4 KINH TẾ VIỆT NAM | Số 41 | Ngày 9/10/2023 www.vneconomy.vn