On March 14, 2024, at National Economics University (NEU), the Executive MBA program held a thematic seminar on “International Economic Integration: Trends and Recovery Solutions in the Current Context.”

An overview of the seminar

Attending the seminar were Pham Dinh Doan, Chairman of Phu Thai Holdings; Assoc. Prof. Dr. Vu Thanh Huong, Vice Dean in charge of the Institute of Postgraduate Education; representatives of the leadership of functional departments; and Executive MBA students from Cohorts 12 and 13.

Assoc. Prof. Dr. Vu Thanh Huong, Vice Dean in charge of the Institute of Postgraduate Education, delivers remarks

At the seminar, entrepreneur Pham Dinh Doan, Chairman of Phu Thai Holdings, gave a presentation offering an overview of the new global economy. He highlighted challenges in the post-COVID economic landscape, including the emergence of robots, which has affected how people live, work, and interact; potential risks involving geopolitics and major economies; and high inflation and persistent conflicts that continue to affect commodity, oil, and grain prices.

Pham Dinh Doan, Chairman of Phu Thai Holdings, shares his insights at the seminar

In addition, supply chain disruptions persist, and freight rates have risen due to unmanned aerial vehicle (UAV) attacks in the Red Sea. Goods have become more expensive, and energy and food prices have surged. Droughts in some areas have affected crop yields, causing household and business costs to soar and leading to a crisis in living and production costs. The world order is becoming increasingly multipolar, with multiple centers of power.

According to the 2024 economic forecast, economic growth will slow from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024. Headline inflation is expected to decline from 9.2% in 2022 to 5.9% in 2023 and 4.8% in 2024. As the global economy changes, the Government, businesses, and organizations must pursue integration. Leaders must change and improve.

To drive economic growth in Vietnam, the Government has introduced measures such as lowering lending rates, stabilizing the foreign exchange market, accelerating the disbursement of public investment funds, implementing credit packages to support industries and sectors, granting exemptions, reductions, and payment extensions for taxes, fees, and land use charges, and supporting businesses, among others.

At the seminar, Executive MBA students asked questions and presented their views on running businesses in 2024.

Learners ask questions and present their views on running businesses in 2024

Assoc. Prof. Dr. Vu Thanh Huong, Vice Dean in charge of the Institute of Postgraduate Education, presents a gift of appreciation to entrepreneur Pham Dinh Doan

Article and photos: Institute of Postgraduate Education and Department of Communications

This is an automated translation. If you notice any errors, please contact the Department of Communications, National Economics University at phongtruyenthong@neu.edu.vn.