German journal highlights Vietnam’s economic achievements
No other country of the same size in the world has achieved such great achievements on the Index of Economic Freedom as Vietnam since 1995, highlighted German economic and financial news website wallstreet-online.de in a recent article.
Berlin (VNA)– No other country of the same size in the world has achieved such greatachievements on the Index of Economic Freedom as Vietnam since 1995,highlighted German economic and financial news website wallstreet-online.de ina recent article.
The Index of EconomicFreedom is an annual index and ranking created in 1995 by the US-based TheHeritage Foundation and The Wall Street Journal to measure the degree ofeconomic freedom in the world's nations.
According to thearticle, in the Index of Economic Freedom rankings for 2023, Vietnam is in the72nd position among the 176 countries and territories with 61.8 points,1.2 points higher than that recorded last year.
Vietnam ranks 14th outof the 39 the Asia-Pacific region countries and territories. Especially Vietnam'stotal results are above the world and regional average, it said.
Assemble electrical wiring systems for automobiles for export to the US market.(Photo: VNA)
However, the articleunderlined that Vietnam’s ranking is not as important as the change of thecountry's economy. Compared to other countries with similar size, none in theworld has enjoyed a good degree of economic freedom like Vietnam since1995, it said. The country’s economic freedom record rose 20 points from 41.7points in 1995, it noted.
The Heritage Foundationcommented that Vietnam's economy is becoming more and more market-oriented asit is gradually integrating into the global trade and investment system. Vietnamranks high in "Fiscal Health" and "Government Spending", while posting average results in the field of "Business Freedom andMonetary Freedom", the article said.
According to the article, if Vietnam continues the "Doi Moi"(Renewal) initiated in 1986, the country will have a good chance tobecome one of the strong economies in the world.
Vietnam is currentlyone of the most dynamic countries in the world, with a vibrant economy offeringgreat opportunities for hard workers and entrepreneurs. From a country thatcould not produce enough rice to supply its people before market reforms began,Vietnam has now become one of the world's largest rice exporters, as well as anexporter of important electronic products, the article underlined./.
Total import-export revenue in the first two months of this year is estimated at 96.06 billion USD, down 13.2% year-on-year, with Vietnam posting a trade surplus of 2.82 billion USD, the General Statistics Office (GSO) has reported.
Vietnam’s economy is likely to strongly recover in the second quarter of 2023, said Tim Leelahaphan, Economist for Thailand and Vietnam at Standard Chartered.
A data management strategy for Ho Chi Minh City by 2025 with a vision towards 2030 was launched on March 3, part of cooperation between the southern metropolis and the World Bank (WB) in 2022-2023.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A view of Ho Chi Minh City (Photo: baodautu,vn) 
Assemble electrical wiring systems for automobiles for export to the US market.(Photo: VNA) 
