As part of a nationwide campaign to combat illegal, unreported and unregulated (IUU) fishing, Khanh Hoa province is addressing key weaknesses in the management and monitoring of fishing vessels. The province is also strengthening seafood traceability. Alongside awareness-raising and onshore monitoring, enforcement forces are tightening checks during this peak period on vessels at risk of operating in boundary waters or in other provinces.
The U.S. Federal Reserve cut rates to 4%-4.25% for the first time since last December to support growth and reduce recession risks.
As part of a nationwide campaign to combat illegal, unreported and unregulated (IUU) fishing, Khanh Hoa province is addressing key weaknesses in the management and monitoring of fishing vessels. The province is also strengthening seafood traceability. Alongside awareness-raising and onshore monitoring, enforcement forces are tightening checks during this peak period on vessels at risk of operating in boundary waters or in other provinces.
Vietnam is aiming for a lot of changes this year, as it moves to lift its stock market from frontier to secondary emerging status. A newly approved and detailed government roadmap is underscoring the country’s strategic commitment to transform the market into a major long-term capital channel meeting global standards.
Earlier this month, the World Bank released its Taking Stock: Viet Nam Economic Update, focusing on “Nurturing Viet Nam’s High-Tech Talents”. The report highlights the urgent need to expand the country’s tech workforce to realise bold goals: advancing in semiconductors, ranking among ASEAN’s top three in AI, and growing the bioeconomy to 7% of GDP by 2045.
Viet Nam’s economic outlook drew attention as the World Bank released its Taking Stock update in Hanoi on 8 September. Growth is projected to ease to 6.6 per cent in 2025, reflecting both opportunities and challenges. The report’s special focus, “Nurturing Viet Nam’s High-Tech Talents”, stresses the need to build a skilled workforce to drive the shift towards a high-tech, high-income economy.
The Prime Minister has approved a plan to upgrade Vietnam’s stock market, aiming to make it a key channel for mobilising medium and long-term capital to boost economic growth. The plan focuses on strengthening market institutions and enhancing international integration.
Vietnam’s industrial zones are fast becoming a prime magnet for foreign investment. According to the National Statistics Office, by the end of August, Vietnam had attracted more than 26 billion USD in FDI, a 27% jump year-on-year.