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<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/02/17/320250102170944.jpg?rt=20250102170946" alt="A container warehouse at Tan Vu port in Hai Phong city (Photo: VNA)"></figure></td></tr><tr><td>A container warehouse at Tan Vu port in Hai Phong city (Photo: VNA)</td></tr></tbody></table></figure>Hanoi – The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42% of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.This optimism is not only rooted in improvements within the companies themselves but also in the assured support from government policies and the global growth trend in international trade, according to the survey.Not only businesses but many economists also expect that 2025 — the final year of the 2021-2025 five-year socio-economic development plan — will see a strong transformation in Vietnam’s logistics industry. Companies are set to take advantage of opportunities arising from the global supply chain shift, ramp up investments, and apply advanced technologies to strengthen the sector’s vital role in the economy, it said.Vu Dang Vinh, CEO of Vietnam Report, said with the support of the Government, logistics companies have been provided with numerous advantages, resolving several internal challenges, and stabilising operations. The Government has focused on administrative reforms, particularly in customs and specialised inspection agencies, reducing procedure times and legal costs for businesses. Strategic ports like Lach Huyen in Hai Phong and Cai Mep - Thi Vai in Ba Ria - Vung Tau continue to be upgraded, driving maritime transport, a key segment of logistics.Furthermore, the application of technologies such as artificial intelligence (AI), blockchain, and supply chain management (SCM) systems has been strongly encouraged, improving productivity and management efficiency in many logistics businesses.According to Vinh, this period is crucial for the successful implementation of the action plan to enhance Vietnam’s logistics competitiveness and develop logistics services by 2025, It also marks an important preparatory phase for the logistics services development strategy for 2025-2035, with a vision to 2050, aiming to establish logistics as a spearhead service sector, thereby enhancing national competitiveness, he added.The Government is also accelerating key transport infrastructure projects, focusing on connecting and developing integrated logistics infrastructure to improve domestic and international transport efficiency, while policies to promote trade, attract international investment, and leverage the benefits of new-generation Free Trade Agreements (FTAs) are being implemented.These efforts not only stimulate the development of high-tech logistics centres but also create modern supply chains, enhancing the value of domestic and international logistics services. Looking forward, the collaboration between the Government, businesses, and associations will not only help the logistics sector overcome current challenges but also position Vietnam as a leading logistics hub in the region.From a business perspective, Nguyen Thi Hoa, Director of Goldtrans Transport and Forwarding JSC, a company that enjoyed a successful year in 2024, said that Goldtrans is highly optimistic about both its own growth prospects and the overall development of the logistics industry, as market demand begins to recover.In particular, with increasing signs that the US-China trade conflict may intensify, foreign direct investment inflows into Vietnam are expected to rise, Hoa held, revealing that Goldtrans has set a growth target of 20% for 2025.Recommending solutions and strategies to help logistics companies optimise operational costs, enhance productivity, develop human resources, and diversify markets, Dao Trong Khoa, Chairman of the Vietnam Logistics Business Association (VLA), stated that in the short term, businesses must continue to accelerate digital transformation and adopt technologies while practising environmental, social and governance (ESG) standards to pursue sustainable growth, or green logistics./.

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42% of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.

Logistics firms optimistic about growth prospects in 2025: Survey

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/02/15/evn20250102155948.jpg?rt=20250102155949" alt="Vietnam Electricity (EVN) workers maintain electrical equipment. (Photo: VNA)"></figure></td></tr><tr><td>Vietnam Electricity (EVN) workers maintain electrical equipment. (Photo: VNA)</td></tr></tbody></table></figure>He made the statement while chairing a teleconference with 63 provinces and cities on December 31 to collect feedback to refine the revised plan.During the event, Vu Van Dien, Vice Chairman of the Quang Ninh provincial People's Committee, proposed increasing the wind power capacity to 600 MW from 400 MW as specified in the existing plan, citing the province's significant potential for wind energy projects as shown by surveys. Additionally, he highlighted a 1,500 MW LNG power project initiated in 2021, which has been completed and is now ready for operation, pending the finalisation of project cost norms.A representative from the Mekong Delta province of Kien Giang, known for its 200km coastline and large land area, also shared their recommendations. The province proposed adding 20 MW of waste-to-energy capacity, 1,600 MW of wind power, along with 1,000 MW of solar power from aquaculture zones. They noted that large areas currently used for shrimp farming could be optimised for solar energy projects, maximising both land use efficiency and economic returns.Meanwhile, Pham S, Vice Chairman of the Lam Dong provincial People's Committee, suggested including pumped-storage hydropower projects on the Dong Nai River basin and exploring the potential for floating solar power projects on available water surfaces, including hydroelectric reservoirs. Similarly, Thai Nguyen province proposed an additional 10 MW of waste-to-energy capacity and 200 MW of solar power, highlighting vast unused rooftop space in its industrial zones.Regarding concerns from Quang Ninh, Deputy Minister Long stated that the MoIT is finalising a draft decree guiding the development of LNG power projects, addressing key issues such as pricing mechanisms and guaranteed minimum electricity purchases. These measures aim to address obstacles currently hindering the progress of LNG power initiatives nationwide.In terms of the development of rooftop and floating solar power projects, he noted that after the Government's issuance of Decree No. 135/2024/ND-CP, rooftop solar systems in industrial zones have seen substantial growth. The ministry is actively considering ways to expand the scope of these projects. Floating solar power projects, particularly those using existing hydroelectric reservoirs, will also be prioritised in the revised plan.For waste-to-energy projects, Long emphasised that the ministry fully supports their expansion and will prioritise proposals from provinces that have detailed implementation plans.The conference also reviewed the broader progress of renewable energy projects nationwide. As part of the adjustments, Vietnam has updated information about 123 wind power projects with a total capacity of 7,697.9 MW, 138 small hydropower projects with 1,484.58 MW, 21 biomass power projects with 414 MW, and 34 waste-to-energy projects with 621.1 MW.On December 28, 2024, the Prime Minister issued Decision No. 1682/QD-TTg, approving updates to the implementation plan of Power Development Plan VIII for the 2021 - 2030 period, with a vision to 2050. This decision sets a clear framework for advancing renewable energy initiatives, improving infrastructure and fostering sustainable development.To ensure the successful implementation of the revised power plan, the MoIT will collaborate closely with ministries, central agencies and localities to research and promulgate relevant policies to ensure consistency and feasibility in accordance with the country’s development situation and international practices, especially in the field of renewable energy. Focus will be placed on promoting renewable energy technologies, and training a high-quality workforce to meet the demands of the energy sector./.

The Ministry of Industry and Trade (MoIT) will submit the revised National Power Development Plan VIII to the Prime Minister for approval by February 28, 2025, Deputy Minister Nguyen Hoang Long has said.

Revised Power Development Plan VIII to be submitted by February's end

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/29/tta2027-1-1-1735380120602540365482-173546555427971845827.jpg" alt="Diplomatic sector becomes increasingly dynamic, creative, and proactive- Ảnh 1."></figure>Deputy Prime Minister, Foreign Minister Bui Thanh SonAt a recent interview with reporters to review the diplomatic sector's performance in 2024, Bui said senior Vietnamese leaders engaged in 59 diplomatic activities, including 21 visits to countries around the world and hosted 25 foreign high-level delegations to Viet Nam.The Souhtheast Asia country has doubled efforts to realize international agreements and commitments and to concretize newly-established partnership frameworks, and signed 170 cooperation deals across various fields.Viet Nam upgraded relations to comprehensive strategic partnership with Australia, France, Malaysia, to strategic partnership with Brazil, and to comprehensive partnership with Mongolia and the United Arab Emirates, raising the total number of Viet Nam's comprehensive strategic, strategic, and comprehensive partners to 32. These are neighboring, traditional, and major countries in the world. These new partnership frameworks indicate's international friends' growing respect and wish to further strengthen cooperation with Viet Nam.Viet Nam also established diplomatic relations with Malawi, bringing the total number of countries that Viet Nam has diplomatic relations to 194, said the Deputy Prime Minister.He went on to say that economic aspect has become increasingly important part of high-level diplomatic agenda with major countries like China, the U.S., Japan, South Korean, India among others, with a focus on such fields like digital transformation, green conversion, semiconductor industry.Viet Nam has also been active in riding the wave of foreign direct investment relocation and new-generation official development assistance in the region; expanding markets for manpower export and tourism development, said Bui.It is likely that Viet Nam's trade with the rest of the world would surpass US$800 billion by the end of this year.On multilateral aspect, Viet Nam's role, position and prestige have become increasingly consolidated and enhanced at multilateral forums like ASEAN, AIPA, UN, APEC, Mekong Subregion, G20, G7, BRICS, non-aligned movement among others, through proactive and active engagement and practical contributions.The Southeast Asian country is gearing up preparations for hosting the 4th P4G Summit and ASEAN Future Forum and joining the race for a seat on the UN Human Rights Council in the 2026-2028 tenure, said Bui./.

Viet Nam has become increasingly dynamic, creative and proactive in diplomacy front, Deputy Prime Minister, Foreign Minister Bui Thanh Son told reporters.

Diplomatic sector becomes increasingly dynamic, creative, and proactive

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/26/16/anh-bank20241226161925.jpg?rt=20241226161927" alt="The balance of individuals’ current account savings accounts (CASA) in banks reached a record high of more than VND1.19 quadrillion - photo: Van Anh"></figure></td></tr><tr><td>The balance of individuals’ current account savings accounts (CASA) in banks reached a record high of more than VND1.19 quadrillion - photo: Van Anh</td></tr></tbody></table></figure>The State Bank of Vietnam (SBV) recently updated data on individual payment deposit accounts as of the end of the third quarter (Q3) of 2024. These are individuals’ current account savings accounts (CASA) used for payment services provided by banks, such as card services and non-cash, non-card payment solutions.As of the end of Q3, the total number of individual payment accounts in the banking system was 197.97 million, an increase of 4,231 accounts year-on-year. By the end of Q3, the account balances increased by VND7 trillion to reach more than VND1.19 quadrillion, a historical high.Compared to the end of 2023, the balance of individual payment accounts in the banking system increased by VND100 trillion, while the number of accounts rose by 15,087.The development of digital banking and non-cash payment solutions has spurred a “skyrocketing” growth of individual payment accounts’ value in recent years. Non-cash payment methods have expanded significantly, covering rural areas, border regions, and islands.ATM and POS networks have been installed in all districts, towns, cities, and provinces nationwide. Additionally, QR code payment networks now cover most convenience stores, retail chains, restaurants, hotels, and are gradually extended to healthcare facilities, hospitals, and schools.According to the payment department of the SBV, as of the end of Q3, domestic payment transactions via bank cards totaled over VND 367.117 trillion, and payment orders and authorization orders amounted to more than VND73.4 quadrillion. Mobile banking transactions reached VND17.84 quadrillion.As of the end of September 2024, total individuals’ deposits in banks exceeded VND6.9 quadrillion, with CASA accounts representing about 17 percent of the total.Over the past five years, personal current deposits have grown 2.7 times in value, while the number of payment accounts increased 2.3 times. Currently, nearly 90% of adults in Vietnam have a bank account, and many banks reported that over 95% of transactions occur through digital channels.Financial experts highlight the significance of strong growth in current deposits for banks’ operations, as this source carries very low interest rates. A higher CASA ratio provides banks with a competitive edge to optimize funding costs, improve net interest margins (NIM), and enhance profitability. Conversely, a decline in the CASA ratio could pressure a bank’s NIM.In addition to individual current deposits, enterprise current deposits also contribute to CASA balances. Experts note that personal deposits tend to be more stable, while enterprise deposits are often more volatile due to seasonal factors.According to commercial banks, as of the end of September 2024, six banks recorded a CASA ratio of above 20%, including Techcombank, MB, Vietcombank, MSB, VietinBank, and ACB. Techcombank took the lead with a ratio of 36.9% (40.5% if automatically profitable balances are included).Meanwhile, Vietcombank reported the highest CASA balance at over VND466 trillion as of the end of September 2024. VietinBank showed the highest CASA balance growth in the first nine months of 2024, increasing by VND33 trillion to VND351 trillion. VietinBank’s CASA ratio stood at 23.1%, the fifth-highest in the system./.Ngan Thuong

The balance of individuals’ current account savings accounts (CASA) in banks reached a record high of more than VND1.19 quadrillion, boosting cheap capital and profitability for banks.

Cheap capital returns to banks

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/24/nhatholon-1735025498971402066273.jpg" alt="Ha Noi embraces Christmas with colors- Ảnh 1."></figure>St. Joseph's Cathedral in Ha Noi is now adorned in all its Christmas glory, sparkling with lights and featuring a grand Christmas tree - Photo: laodong.vnChristmas is no longer exclusively a Catholic celebration but rather a joyful day for everyone, filled with hope for peace, luck, and a good and beautiful life.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/24/trungtam-17350257179901031549200.jpg" alt="Ha Noi embraces Christmas with colors- Ảnh 2."></figure>Decorative items at a shopping mall in Ha Noi - Photo: laodong.vnDecorative items and Christmas gifts are on display all over downtown Ha Noi, but especially in Hang Ma, Hang Luoc, and Luong Van Can street. People are flocking to these areas to shop or just sight-see.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/24/hangma-17350256706481702549325.jpg" alt="Ha Noi embraces Christmas with colors- Ảnh 3."></figure>Decorative items and Christmas gifts are on display at Hang Ma Street - Photo: laodong.vnAs Christmas approaches, Ha Noi churches like Cua Bac and St. Joseph's Cathedral are beautifully decorated to welcome tourists and the Catholic faithful from around Viet Nam.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/24/giammuc-17350258672371723953482.jpg" alt="Ha Noi embraces Christmas with colors- Ảnh 4."></figure>Permanent Deputy Prime Minister Nguyen Hoa Binh visits the Archbishop Residence of Ha Noi, Deccember 22, 2024 - Photo: VGPOn December 22, Permanent Deputy Prime Minister Nguyen Hoa Binh visited the Archbishop Residence of Ha Noi, the Evangelical Church of Viet Nam (North), and the Committee for Solidarity of Vietnamese Catholics to offer greetings for Christmas 2024 and the upcoming New Year 2025.At the Archbishop Residence of Ha Noi, Nguyen said the Party and State had agreed to allow the Holy See to open the Office of the Resident Papal Representative in Ha Noi.He also noted that the elevation of diplomatic relations with the Vatican to a new level reflects Viet Nam's growing prestige on the international stage, with many countries praising its role and recognizing it as a peaceful, friendly nation ready to be a friend to all countries.On behalf of the Party and State's leaders, he wished Protestant dignitaries and followers a merry Christmas and happy New Year./.

Streets, parks, recreation centers and shopping malls around Ha Noi have been decorated with Christmas trees and figures of Santa Claus.

Ha Noi embraces Christmas with colors

Unity in actionThe 500kV Circuit-3 Quang Trach - Pho Noi transmission line spans nearly 520km, consisting of two double-circuit lines connected by 1,177 tower foundation points. It passes through 211 communes/wards in 43 districts/towns across nine provinces from North Central Vietnam to the northern region. On August 28, 2024, over seven months after the groundbreaking on January 18, the project was completed within a record-short time frame despite massive and challenging workload, and complicated terrain and weather conditions.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/23/16/ccc20241223163834.jpg?rt=20241223163835" alt="2,500 engineers and workers from EVN have participated in the construction of the 500kV Circuit 3 transmission line"></figure></td></tr><tr><td>2,500 engineers and workers from EVN have participated in the construction of the 500kV Circuit 3 transmission line</td></tr></tbody></table></figure>Within four months, from June to October 2023, Vietnam Electricity (EVN), the National Power Transmission Corporation (EVNNPT), along with the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, the Ministry of Natural Resources and Environment, and nine provinces through which the transmission line passes, have completed investment procedures for all the four component projects.At the end of October 2023, a groundbreaking ceremony was held for the 500kV Nam Dinh 1 - Pho Noi transmission line project. This was the first component project of the transmission line, successfully energized on June 30, 2024.The remaining component projects, along with the newly invested 500kV Thanh Hoa substation and the expansion of the bays at two existing substations (500kV Pho Noi substation and 500kV Quang Trach substation), were simultaneously started on January 18, 2024.Under the guidance of the Prime Minister, and with the participation of the entire political system, the 500kV Circuit-3 Quang Trach - Pho Noi transmission line project has become a notable highlight.Identified as a key and urgent project of particular importance to national energy security, especially for the northern region, this project significantly enhances the power transmission capacity of the North-Central region from approximately 2,200 MW to about 5,000 MW, contributing significantly to ensuring electricity supply for the North. Therefore, within just seven months from the groundbreaking to the project’s completion, Prime Minister Pham Minh Chinh presided over 10 meetings, visited the construction site to inspect, encourage workers, and extended his gratitude to local residents who gave up their land for the project.Meanwhile, Deputy Prime Ministers conducted direct inspections to monitor the project’s construction progress and the supply of materials and equipment. From March to June 2024, the State Steering Committee for Key National Energy Projects held biweekly online meetings with leaders from relevant ministries, agencies, and nine provinces through which the transmission line passes. These meetings focused on updating progress, addressing obstacles, and resolving challenges.As a result, the land clearance process was completed in just over three months, making it the fastest for any 220-500kV power transmission project ever implemented, enabling construction units to accelerate the project.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/23/16/10320241223163911.jpg?rt=20241223163913" alt="The 500kV Circuit-3 Quang Trach - Pho Noi transmission line project involves a significant construction workload"></figure></td></tr><tr><td>The 500kV Circuit-3 Quang Trach - Pho Noi transmission line project involves a significant construction workload</td></tr></tbody></table></figure>Mobilizing maximum resourcesThe 500kV Circuit-3 Quang Trach - Pho Noi transmission line project involves a significant construction workload and applies numerous new technologies.Although the total length of the entire line is about 519km, it is designed to consist of two double-circuit lines, making the total length 1,038km. The project requires a large volume of equipment, including nearly 139,000 tonnes of steel towers with approximately 83 percent domestically produced and 17 percent imported.Throughout the construction process, the project faced unfavorable and unpredictable weather conditions. To achieve the set goals, the electricity sector mobilized a large workforce to support contractors on the construction site.At the peak of construction, up to 15,000 workers from contractors and various units of the EVN Group, Viettel Military Industry and Telecoms Group, Vietnam Oil and Gas Group (PVN), and Vietnam Posts and Telecommunications Group (VNPT), participated in tower construction and line stringing.The “on-site” approach has proven highly effective (on-site construction equipment, on-site labor, on-site building materials, and on-site compensation).Thanks to this approach, over 2,000 pieces of construction machinery, approximately 95 percent of the building materials and around 90 percent of the general labor force, including over 7,000 workers from hundreds of businesses and organizations, have been mobilized for foundation excavation and transportation of materials and equipment.Approximately 83 percent of the steel poles were domestically manufactured, requiring contractors to enhance production capacity and foster mutual support among contractor units.The Quang Trach - Pho Noi 500kV Cuircui-3 transmission line project has been completed on schedule. Energy experts believe “splitting” the bidding packages has helped maximize the mobilization of social resources to ensure the project’s progress./.Minh Ky

After over-seven-month construction, the 500kV Circuit-3 Quang Trach - Pho Noi power transmission line project, with its enormous workload, was completed on schedule, marking a milestone of the Vietnamese electricity sector in 2024.

Success story behind 500kV Circuit-3 transmission line project

Hieu commended the AJC and its Secretary-General Dr. Kunihiko Hirabayashi for their important roles in enhancing the bilateral ties.He expressed his hope that under Dr. Kunihiko’s leadership, the AJC would launch more initiatives to deepen the bilateral collaboration and achieve tangible results.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/20/09/in_article/tt-thuc-day-hoptac-viet-nhat20241220091319.jpg?rt=20241220091320" alt="ASEAN-Japan centre honoured for contributions to Vietnam-Japan ties"></figure></td></tr><tr><td>At the event (Photo: VNA)</td></tr></tbody></table></figure>Dr. Kunihiko expressed his gratitude for the recognition, emphasising the AJC’s dedication to strengthening economic, cultural, and social connections between the two nations.Over the years, the AJC has actively promoted cooperation in areas such as sustainable development, trade, and investment. Key initiatives include connecting Japanese small and medium-sized enterprises (SMEs) with Vietnamese local authorities to address economic and social challenges through innovative solutions like green supply chains and smart logistics.This acknowledgment reinforces the AJC’s commitment to fostering impactful partnerships.Dr. Kunihiko reaffirmed the AJC’s mission to advance cooperation, contribute to Vietnam’s dynamic development, and strengthen the irreplaceable partnership between the two countries.He underscored that the award not only celebrates the past achievements but also highlights the immense potential for deepening the Vietnam-Japan ties, paving the way for a sustainable and prosperous future.

Vietnamese Ambassador to Japan Pham Quang Hieu on December 19 presented the ASEAN-Japan Centre (AJC) with a Certificate of merit conferred by the Minister of Foreign Affairs in recognision of its meaningful contributions to fostering cooperation and friendship between Vietnam and Japan.

ASEAN-Japan centre honoured for contributions to Vietnam-Japan ties

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/19/17/dien-lanh20241219172041.jpg?rt=20241219172042" alt="The National Competition Commission places great emphasis on monitoring and handling cases of unfair competition – Photo: Minh Huong"></figure></td></tr><tr><td>The National Competition Commission places great emphasis on monitoring and handling cases of unfair competition – Photo: Minh Huong</td></tr></tbody></table></figure>The NCC has recently issued decisions addressing competition law violations by three businesses operating in the electronics sector.Specifically, Decision 341/QD-CT on administrative sanctions in the field of competition was issued against Sharp Electronics Vietnam Co., Ltd. with the business registration number 0308159258. The company is located at T5-B03.07 and T5-B03.09, 3rd Floor, Masteri Thao Dien, 159 Vo Nguyen Giap Street, Thao Dien Ward, Thu Duc City, Ho Chi Minh City, and its website is https://vn.sharp. The company was fined VND200 million for providing misleading information about its AIOT FP-J80EV-H air purifier product to attract customers away from other businesses, violating Point a, Clause 5, Article 45 of the Competition Law.Sharp Electronics Vietnam Co., Ltd. is required to publicly correct the misleading information provided to customers regarding the AIOT FP-J80EV-H air purifier on its official website at https://vn.sharp.Decision 342/QD-CT was issued, imposing administrative sanctions in the field of competition against Aqua Vietnam Electronics Co., Ltd. with the business registration number 3600257517, located at No. 8, Street 17A, Bien Hoa 2 Industrial Zone, An Binh Ward, Bien Hoa City, Dong Nai Province, and its website is https://www.aquavietnam.com.vn. The company was fined VND200 million for providing misleading information about its Side by Side refrigerator (AQR-S682XA) and Inverter air conditioner (AQA-KCRV10WNZA) products to attract customers away from other businesses. This action violated Point a, Clause 5, Article 45 of the Competition Law.Aqua Vietnam Electronics Co., Ltd. is also required to publicly correct the misleading information provided to customers regarding the Side by Side refrigerator (AQR-S682XA) and the Inverter air conditioner (AQA-KCRV10WNZA) on its official website at https://www.aquavietnam.com.vn.Similarly, Cao Dai Tin Trading Co., Ltd. was fined VND200 million under Decision 340/QD-CT for providing misleading information about its Airdog X8 air purifier product to attract customers away from other businesses. This action violated Point a, Clause 5, Article 45 of the Competition Law.Cao Dai Tin Trading Co., Ltd. with the business registration number 0314662156 is located at No. 142, Thanh Xuan 22 Street, Quarter 5, Thanh Xuan Ward, District 12, Ho Chi Minh City. The company’s website is https://airdog.vn.Cao Dai Tin Trading Co., Ltd. is also required to publicly correct the misleading information provided to customers regarding the Airdog X8 air purifier on its official website at https://airdog.vn.The NCC reported that in 2024, it prioritized investigating and addressing competition-related cases. The NCC reviewed 24 cases involving suspected violations of competition laws, including 10 cases of anti-competitive practices, 11 cases of unfair competition, and 3 cases of economic concentration practices. Additionally, the NCC received and appraised one application for exemption from a prohibited anti-competitive agreement among aviation businesses. Following investigations into these cases, the NCC decided to impose sanctions on five businesses, collecting over VND2 billion in penalties for the state budget.Alongside this, the NCC also proactively collected and verified information on potential violations of competition laws across various sectors, including commodity trading platforms, motorcycle manufacturing and trading, steel production, e-commerce platforms, children’s playgrounds, and sales applications in the dairy industry, among others.Ngan Thuong

Based on the investigation of competition law violations in 2024, the National Competition Commission (NCC) has decided to impose fines totaling over VND2 billion on five businesses.

Five businesses fined over VND2 billion for violating competition laws

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2024/12/18/tphcm-17344941092501899988961.jpg" alt="Viet Nam becomes more attractive to int’l tourists during New Year holiday 2025 - Ảnh 1."></figure>Ho Chi Minh City maintains its position as Viet Nam's most sought-after destination for celebrating the New Year's Eve - Photo: InternetStatistics of the online travel platform Agoda from November 1-27 showed that tourists from Viet Nam's top source markets such as South Korea, Japan, Thailand, Taiwan, and the U.S. are choosing Viet Nam to bid farewell to the old year, with popular destinations such as Ho Chi Minh City and Phu Quoc Island in the southern province of Kien Giang.Ho Chi Minh City maintains its position as the most sought destination, where visitors can enjoy the dazzling fireworks display along the Saigon River to welcome the year 2025.Phu Quoc Island rises to second place, up three spots compared to last year. Familiar destinations like Da Nang, Ha Noi, and Nha Trang are also among the top five most popular destinations for international tourists.Meanwhile, Bangkok, Chinese Taipei, Tokyo, Singapore, and Hong Kong are the most sought-after international destinations by Vietnamese tourists during the New Year's holiday.According to the latest report from the General Statistics Office, international arrivals totaled in the first 11 months of 2024 reached more than 15.8 million, marking a 41.0 per cent increase year-on-year, bringing the country closer to its goal of welcoming 17-18 million international tourists set earlier this year.Viet Nam now waives visas for travelers from 25 countries, with 13 enjoying unilateral exemption.Since August 2023, Viet Nam has issued e-visas for all nationalities and extended their maximum stay from 30 to 90 days, with unlimited entries. Those who get visa waivers under Viet Nam's unilateral exemption policy can now stay for 45 days rather than the earlier 15.Experts have described the visa policies as a tool to sharpen the competitiveness of the domestic tourism industry. Thanks to them, Viet Nam has become friendlier in the eyes of foreign holidaymakers./.

Viet Nam is becoming a popular destination for celebrating the New Year's Eve 2025, with a 30 percent increase in accommodation searches compared to last year.

Viet Nam becomes more attractive to int’l tourists during New Year holiday 2025

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/13/15/un20241213151637.jpg?rt=20241213151638" alt="Deputy Minister of Foreign Affairs Do Hung Viet addresses the ceremony (Photo: VNA)"></figure></td></tr><tr><td>Deputy Minister of Foreign Affairs Do Hung Viet addresses the ceremony (Photo: VNA)</td></tr></tbody></table></figure>The announcement was made at a ceremony held by the Permanent Mission of Vietnam to the United Nations (UN) in New York on December 12 on the occasion of International Human Rights Day, drawing a large number of diplomats and representatives from various UN missions.Speaking at the event, Deputy Minister of Foreign Affairs Do Hung Viet, expressed gratitude to countries that supported Vietnam's election to the UNHRC for the 2023-2025 tenure. He reviewed the nation's contributions over the past two years, including advancing the rights of vulnerable groups, promoting gender equality, labour rights, access to healthcare services, and education.Vietnam has also led key resolutions on the "75th anniversary of the Universal Declaration of Human Rights" and "Climate Change and Human Rights," marking its strong presence at the UN’s main body for human rights protection, he noted.Viet underscored that Vietnam's remarkable socio-economic progress over nearly four decades of Doi Moi (Renewal) is resulted from the country’s policy of placing the people at the centre of development, a balanced approach to the promotion of a broad spectrum of human rights, from civil and political to economic, social, and cultural rights, and the country’s priority to caring for and protecting vulnerable groups, as well as concerted efforts from the Vietnamese people, both domestically and abroad.The official called on the international community to continue supporting Vietnam’s candidacy for the upcoming term. He affirmed that if re-elected, Vietnam will remain an active, constructive, and responsible member, working hard to realise the council’s common goal to ensure better human rights protection globally.On the sidelines of the event, Ambassador Riyad Mansour, Permanent Observer of Palestine to the UN, praised Vietnam as a long-standing advocate for freedom and justice. He described the country as an essential player on the global stage, highlighting Vietnam’s active and responsible roles in organisations such as the Non-Aligned Movement, the Group of G77 and China, and the UNHRC. Ambassador Mansour expressed his confidence in Vietnam’s re-election. He stated that Vietnam’s continued presence in the UNHRC is crucial, pointing to the need for members like Vietnam at the UN./.

Vietnam has officially announced its candidacy for re-election to the United Nations Human Rights Council (UNHRC) for the 2026-2028 tenure.

Vietnam announces candidacy for next-term UN Human Rights Council

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/12/9/cn-17337355403231201953902.jpg" alt="Industrial production expands 8.4 percent in January-November - Ảnh 1."></figure>In November, industrial production grew 2.3 percent from October and 8.9 percent against the same period last year.The manufacturing and processing sector reported a growth rate of 9.7 percent, contributing 8.5 percentage points to the overall industrial production expansion.Electricity production and distribution industry recorded a rise of 10.2 percent, contributing 0.9 percentage point to industrial production growth.The GSO said 60 out of 63 provinces and centrally-run cities experienced industrial production growth.Fastest-growing Industries included automobiles (up 22.4 percent), steel bars and angles (21.7 percent), fiber textiles (16 percent), and oil and gas (15.9 percent)./.

Viet Nam's industrial production saw a year-on-year increase of 8.4 percent in the first 11 months this year, according to the General Statistics Office (GSO).

Industrial production expands 8.4 percent in January-November

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20241213093251.png"></figure>The above figure equaled to 94 percent of the visitor count in November 2019, the General Statistics Office (GSO) reported.During January-November, as many as 15,836,661 foreign arrivals traveled to the Southeast Asian nation, up 41 percent against the same period last year.&nbsp;Eighty percent of them came from Asia, with South Korea taking the lead with 4.13 million, up 128.3 percent. China came second with 3.3 million visitors, up 222 percent.In Europe, the United Kingdom was the top tourist source market with over 279,000 visitors, followed by France, Germany, and Russia.The GSO attributed the impressive growth in inbound tourism to Viet Nam's favorable visa policies, increased tourism promotions, and international awards to the local tourism industry.With such positive results, the country is on track to realize its goal of 18 million international visitors this year, the Viet Nam National Authority of Tourism noted.At present, Viet Nam unilaterally waives visas for citizens from 13 countries, namely Germany, France, Italy, Spain, the UK, Russia, Japan, South Korea, Denmark, Sweden, Norway, Finland, and Belarus. They can stay for 45 days from the date of entry, regardless of passport types and entry purposes.Viet Nam honored as 'World's Leading Heritage Destination' for sixth year in rowViet Nam has accomplished the remarkable achievement of winning the 'World's Leading Heritage Destination' award from the World Travel Awards (WTA) for the sixth year in a row.The announcement was made at the WTA Grand Final Gala ceremony on the island of Madeira, Portugal, last month.Adding to its impressive streak, Viet Nam previously clinched the title in 2019, 2020, 2021, 2022, and 2023.The 'World's Leading Heritage Destination' award reaffirms the immense potential and appeal of the country's unique heritage treasures, including its nine world natural and cultural heritage sites, 15 intangible cultural heritages and 10 documentary heritages recognized by UNESCO.Alongside the award, Viet Nam was also mentioned in 11 categories at the gala ceremony held in November, where nearly 300 awards were handed out.Among them, Hoiana Resort &amp; Golf was recognized as the 'World's Leading Fully Integrated Resort', while Hoi An Memories Land won the award for the 'World's Leading Cultural and Entertainment Resort'.The 5-star InterContinental Da Nang Sun Peninsula Resort received the award for the 'World's Leading Green Resort'.Phu Quoc, which is dubbed as 'Pearl Island' was named in several categories with Sunset Town being recognized as the 'World's Leading Tourist Destination'; Kiss Bridge being awarded the 'World's Leading Tourist Bridge'.JW Marriott Phu Quoc Emerald Bay Resort &amp; Spa was recognized as the 'World's Leading Luxury Wedding Resort'.Earlier, in September, Viet Nam has won an array of awards at the regional WTA 2024, including Asia's Leading Destination, Asia's Leading Heritage Destination and Asia's Leading Nature Destination.Dubbed the 'Oscars of the travel industry', WTA was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry./.

Viet Nam welcomed 1.7 million foreign tourists in November, year-on-year increase of 38.8 percent. This is the record figure in a month since the beginning of this year.

Foreign arrivals reach record high in November

<figure class="image image-style-align-center"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/112024/28/15/phan-lan1-281124-278120241128155534.jpg?rt=20241128155534" alt="Anders Lindberg, Senior Vice President of Wärtsilä Corporation, and Deputy Prime Minister Tran Hong Ha (L) (Photo: VNA)"><figcaption>Anders Lindberg, Senior Vice President of Wärtsilä Corporation, and Deputy Prime Minister Tran Hong Ha (L) (Photo: VNA)</figcaption></figure>During a Helsinki meeting, Vietnamese and Finnish enterprises explored collaborative opportunities. The event, held within Ha's ongoing official visit to Finland, marked a key milestone in advancing bilateral cooperation toward a green economic transformation, featuring prominent Finnish companies such as Oilon, Merus Power, Operon, Hermia Business, and Wärtsilä, and presenting advanced solutions in renewable energy, wastewater treatment, carbon reduction, and smart technologies.Operon Vietnam, a subsidiary of Finland’s Operon Group, highlighted its successful implementation of four major wastewater treatment projects in the Southeast Asian country. Funded through Finland’s Public Investment Facility (PIF) credit and valued at 120 million EUR (127 million USD), these projects have significantly improved the water quality and living standards in areas such as Pleiku, Ninh Thuan, and Binh Thuan.Representatives of Vietnamese ministries addressed critical concerns raised by businesses, including the development of industrial emission standards for power plants and the inclusion of flexible power plants in Power Development Plan VIII. The government also committed to streamlining public investment approval processes for bilateral cooperation projects.Ha highlighted Vietnam’s vast renewable energy potential, particularly in provinces like Ben Tre, known for their promising biomass energy resources.He encouraged Finnish enterprises to invest in green hydrogen, wind and solar power, clean industries, and circular economy technologies. Stressing Vietnam’s early-stage development in green energy, Ha recognised Finland’s significant role, particularly its longstanding support in establishing clean water systems and assured commitment to fostering a transparent, fair, and globally aligned investment environment.Finland’s innovative capabilities, combined with Vietnam’s untapped potential, position the Nordic nation as a regional leader in renewable energy. Additionally, Vietnam’s skilled workforce offers a possibility to quickly adapt to new technologies, fostering high-value collaborations with Finnish firms.Key Vietnamese corporations such as PVN, EVN, and Vinalines engaged directly with Finnish enterprises, paving the way for partnerships in renewable energy, wastewater treatment, maritime transport, and smart technologies./.

Helsinki – Deputy Prime Minister Tran Hong Ha on November 27 said Vietnam urgently needs Finland’s expertise and technology in green energy to expedite its energy transition.

Vietnam, Finland strengthen cooperation in green transition

Specifically, the holiday will last from January 25 to February 2, 2025, according to an announcement released by the Government Office on Tuesday.Lunar New Year is Viet Nam's biggest holiday and an integral part of Vietnamese culture as it is time of joy and celebration marking the start of a new year.The 2024 Lunar New Year holiday lasted seven days from February 8-14, 2024.The Prime Minister also decided that public employees and workers shall be entitled to five days off, from April 30 to May 4, 2025, on the occasion of the Reunification Day (April 30) and May Day (May 1).On the occasion of the National Day (September 2), public employees and workers shall be entitled to four days off, from August 30 to September 2, 2025.

The 2025 Lunar New Year holiday will span nine days, Prime Minister Pham Minh Chinh has decided

2025 Lunar New Year holiday to span nine days

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/11/26/tphcm-1732612017971803681300.jpg" alt="HCM City named among 25 best places to go in 2025: Condé Nast Traveler- Ảnh 1."></figure>Ho Chi Minh City in the list of the 25 best places to go in the world in 2025 by Condé Nast TravelerAccording to the magazine, this southern Vietnamese metropolis has emerged as one of the world's fastest-growing tourism powerhouses, shattering pre-pandemic records by a healthy margin, and there's no better time to visit than in 2025.&nbsp;Exactly 50 years after Viet Nam's victory on April 30, 1975, Ho Chi Minh City is set to unveil several grand events, exhibitions, and celebrations commemorating half a century of national reunification."Those travelling domestically will be able to take advantage of Tan Son Nhat Airport's Terminal 3, opening in 2025; then there's the HCMC Metro, which, despite numerous delays, is expected to finally offer its inaugural rides sometime next year. In 2023, the first Michelin Guide to Viet Nam awarded the city's first star to the new-school Vietnamese restaurant Anan Saigon", noted Condé Nast Traveler.Yet, for all the new and novel, the city, known during the French colonial era as the "Pearl of the Orient", retains much of its old-world charm, from bustling markets to rustic street vendors hawking hu tieu noodle soup and banh mi sandwiches, told the magazine.The city welcomed more than 4.6 million foreign visitors in the first 10 months of this year, a 12.9 percent increase compared to the same period in 2023, the municipal Department of Tourism announced.Domestic tourists numbered over 30.9 million, up by 1.3 per cent, contributing to total tourism revenue of US$6.2 billion, marking an 11.9 per cent year-on-year increase.Condé Nast Traveler is a travel magazine that covers luxury and lifestyle travel. It is a global authority on travel, offering news, tips, and guides, as well as inspiration and expert insights. The magazine is known for its opinionated voice on travel and culture, and for driving conversations around sustainability, inclusivity, and transformation./.

Condé Nast Traveler, a luxury and lifestyle travel magazine, named Ho Chi Minh City in the list of the 25 best places to go in the world in 2025 in its article released in mid-November.

HCM City named among 25 best places to go in 2025: Condé Nast Traveler

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/112024/21/17/tran-thanh-man-617520241121170725.jpg?rt=20241121170726" alt="National Assembly Chairman Tran Thanh Man welcomed at Pochentong International Airport (Photo: VNA)"></figure></td></tr><tr><td>National Assembly Chairman Tran Thanh Man welcomed at Pochentong International Airport (Photo: VNA)</td></tr></tbody></table></figure>Welcoming them at Pochentong International Airport were Second Vice President of the Cambodian National Assembly Vong Soth, and Vietnamese Ambassador to Cambodia Nguyen Huy Tang, among others.The visit, Man’s first official visit to Cambodia as head of the Vietnamese legislature, holds significant importance, reaffirming the foreign policy set forth by the 13th National Party Congress, which gives high priority to the "good neighbourliness, traditional friendship, comprehensive cooperation, and long-term sustainability" with Cambodia.It demonstrates the mutual trust and close bond between high-ranking leaders of the two nations, including between the NA Chairman and Cambodia's top leaders.During the visit, the Vietnamese top legislator is scheduled to pay a courtesy call to King Norodom Sihamoni; hold talks with National Assembly President Khuon Sudary; pay a courtesy call to President of the Cambodian People's Party and President of the Senate Hun Sen; meet with Prime Minister Hun Manet; visit former NA President Heng Samrin; receive President of the Cambodia-Vietnam Friendship Association and the Cambodia-Vietnam Friendship Parliamentarians' Group Men Sam An; and attend the inauguration ceremony of the Cambodian NA’s administrative building - a gift from the Party, State and people of Vietnam.The visit aims to take Vietnam-Cambodia relations into a new phase of development, strengthen strategic trust and promote cooperation between the two legislatures.With regard to ICAPP 12, the NA leader’s attendance at the event reflects the Vietnamese Party’s commitment to active and constructive engagement in ICAPP, aiming to strengthen ties with political parties across Asia, contribute to addressing regional issues, and enhance relations with the Cambodian People's Party.Meanwhile, his attendance at IPTP 11 as a guest of the host country demonstrates Vietnam's support and goodwill toward Cambodia, particularly during its tenure as IPTP Chair./.

Phnom Penh - National Assembly Chairman Tran Thanh Man and a high-ranking delegation of Vietnam arrived in Phnom Penh on November 21 afternoon, beginning their four-day official visit to Cambodia, where the top legislator will attend the 12th General Assembly of the International Conference of Asian Political Parties (ICAPP) and the 11th Plenary Session of International Parliament for Tolerance and Peace (IPTP).

Top legislator starts official visit to Cambodia

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/11/20/xe-17320945918851275329176.png" alt="Viet Nam, Laos inaugurate new int'l border gate pair- Ảnh 1."></figure>The Long Sap (Viet Nam)–Pa Hang (Laos) international border gate pair officially opens on November 19, 2024 - Photo: VNAThe Long Sap border gate, located in Moc Chau district in the northern province of Son La, was established on March 1, 1990 while its Lao counterpart is situated in Pa Hang hamlet, Sop Bau district, Houaphanh province.On December 22, 2020, the Vietnamese Government issued a resolution to upgrade the Long Sap border gate to an international border gate. Subsequently, on December 31 the same year, the Vietnamese Ministry of Foreign Affairs sent an official diplomatic note to the Lao side, notifying them of the decision and suggesting Laos promptly advance the Pa Hang border gate to the status. On September 16, 2024, the Lao Government approved the project.Addressing at the inauguration ceremony, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu highlighted the significance of the international border gate pair, which is expected to facilitate exchange and development cooperation between Son La and Houaphanh provinces, thereby improving living standards of local residents and further strengthening their solidarity.He called on relevant agencies and local authorities in both nations to prioritize investment in socio-economic infrastructure in border areas and border gates, including the Long Sap–Pa Hang pair.Viet Nam and Laos have a shared borderline of over 2,300 kilometers with 10 provinces of Viet Nam bordering with 10 Lao provinces.Viet Nam has consistently been one of Laos's top three largest trading partners. According to Lao media, two-way trade between Viet Nam and Laos reached US$1.1 billion in the first seven months of 2024, up 16.7 percent over the same period last year./.

The Long Sap (Viet Nam)–Pa Hang (Laos) international border gate pair was officially open on November 19.

Viet Nam, Laos inaugurate new int'l border gate pair

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2024/11/18/img2801-17318713619981284617670-1731895791863407946881.jpg" alt="Prime Minister partakes in Viet Nam Day in Brazil- Ảnh 1."></figure>Prime Minister Pham Minh Chinh and his spouse at the “Viet Nam Day in Brazil” program, Rio de Janeiro, Brazil, November 17, 2024 - Photo: VGP/Nhat BacThe event was jointly held by the Vietnamese Ministry of Culture, Sports and Tourism and Embassy in Brazil from November 15-17 to mark the 35th anniversary of diplomatic relations between the two countries.The Viet Nam Day in Brazil is part of the national promotion program “Viet Nam Days Abroad” which has been organized in 20 foreign countries and territories since 2010.Addressing the event, Prime Minister Pham highlighted the significance of the program on the occasion of the 35th anniversary of Viet Nam-Brazil relations and the 112th anniversary of President Ho Chi Minh's stop in Rio de Janeiro during his journey to seek a path to national liberation.Pham said that the bilateral ties have continuously strengthened through regular exchanges of delegations, particularly those at the highest level.The Prime Minister highlighted cultural similarities between the two nations and underscored the importance of enhancing cultural cooperation.He called for efforts to internationalize the traditional cultures of both countries while embracing the universal values of global cultural diversity.The event marks the beginning of a deeper cultural partnership between the two countries, he said.&nbsp;The event showcased Viet Nam's rich heritage and aspirations for global integration and development through exhibitions, cultural experiences, and art performances.It featured 10 key cultural exchange activities, including photo exhibitions on the Viet Nam-Brazil relations, UNESCO-recognized world heritage in Viet Nam, and displays highlighting the traditions of Viet Nam's 54 ethnic groups.Visitors also experienced traditional Vietnamese lacquerware, Dong Ha paintings, toy figurines (to he), and water puppetry — Viet Nam's unique cultural art form originating from the 11th century. They also explored Vietnamese coffee, and enjoyed an art performance program, which included traditional Vietnamese lion dances, folk songs, and martial arts demonstrations. Brazilian artists also contributed with traditional music and dance performances./.

Prime Minister Pham Minh Chinh and his spouse participated in the Viet Nam Day in Brazil program in Rio de Janeiro on November 17 (local time).

Prime Minister partakes in Viet Nam Day in Brazil

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/112024/14/16/chip20241114161518.jpg?rt=20241114161518" alt="Illustrative image"></figure></td></tr><tr><td>Illustrative image</td></tr></tbody></table></figure>The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking in foundries, but Viet Nam is among the fastest-growing countries in the US$95 billion segment.Viet Nam's growth in the back-end segment of the chips industry has been encouraged by the Biden administration amid growing trade tensions between Washington and Beijing, which may further escalate with the second presidency of Donald Trump.Thanks largely to the investments from foreign companies, Viet Nam is expected to have by 2032 an 8-9 percent share of global capacity in chip assembling, testing and packaging (ATP), from just 1 percent in 2022, according to a report published in May by the U.S. Semiconductor Industry Association and Boston Consulting Group.Reuters quoted Hana Micron's Vice President for Viet Nam, Cho Hyung Rae, as saying that the company was expanding in the Southeast Asian country to meet requests from industrial clients.The Korean company is investing about US$930.49 million until 2026 to boost packaging operations for legacy memory chips, a company official based in South Korea said.U.S.-headquartered Amkor Technology announced last year a US$1.6 billion plan to build a 200,000 square metre (2.2 million sq. ft) factory which it said would become its most extensive and advanced facility, "delivering next-generation semiconductor packaging capabilities."A business executive with direct knowledge of Amkor's operation in Viet Nam said some of the equipment installed in the new plant had been transferred from factories in China.Intel, which had a large booth last week at Viet Nam's first international semiconductors exhibition near Ha Noi, has in the country its largest chips back-end factory in its global network.Meanwhile, local companies are also expected to contribute to the sector's forecast growth.Earlier, Viet Nam set a target of some US$25 billion a year in revenue from the semiconductor industry by 2030, according to the country's semiconductor development strategy until 2030, with a vision for 2050, issued by the Prime Minister.The figure will soar to $50 billion a year during the 2030-40 period and US$100 billion between 2040 and 2050./.

Foreign tech giants are expanding capacity in Viet Nam for testing and packaging, according to Reuters.

Foreign investors expand chip packaging footprint in Viet Nam

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/112024/13/09/387153-5006642344067681-thu20241113094638.jpg?rt=20241113094639" alt="Prime Minister Phạm Minh Chính clarified the issues around maintaining an adequate electricity supply in all circumstances. VNA/VNS Photo Dương Giang"></figure></td></tr><tr><td>Prime Minister Phạm Minh Chính clarified the issues around maintaining an adequate electricity supply in all circumstances. VNA/VNS Photo Dương Giang</td></tr></tbody></table></figure>HÀ NỘI — The Government and the Prime Minister have been resolute in directing ministries and all sectors to strictly implement tasks and solutions to ensure an adequate electricity supply under all circumstances.Prime Minister Phạm Minh Chính made the remarks while addressing the National Assembly on Tuesday during the Q&amp;A session, clarifying a number of issues that the deputies had questioned.The Government leader noted that electricity demand was expected to rise rapidly, with a projected increase of about 12–13 per cent in 2025 and even higher in subsequent years. The Government would continue to refine legal regulations to address obstacles in implementing power infrastructure projects.It would build a smart and flexible power grid with high automation capabilities and address the legal issues hampering renewable energy projects, ensuring accurate and reasonable pricing to encourage the development of new energy sources.Over the longer term, the Government had proposed to the relevant authorities to restart nuclear power projects and robust development of offshore wind energy. It had also submitted to the National Assembly the proposed amendments to the Electricity Law to create institutional breakthroughs and remove legal obstacles to energy infrastructure development.“The Government respectfully requests the National Assembly to pay attention, share and coordinate with the Government to improve quality and consider passing necessary legislation at this session to promptly resolve legal bottlenecks,” PM Chính said.Digital transformationThe PM also stressed the need to promote digital transformation, as it is a strategic choice and top priority for rapid, green and sustainable development.The process was happening vigorously, creating significant opportunities but also presenting numerous challenges.With the motto 'acceleration and breakthrough' the Government and the PM were focusing on mobilising the entire political system and active participation from the people and businesses. The Government was also working to complete the digital legal framework, developing special policies to support and promote digital transformation among businesses and citizens.The Government would continue improving policies for developing scientific and technological infrastructure and persevering in research, innovation and creativity. Efforts were being made to strengthen national, regional and local innovation ecosystems, with businesses as the centre and research institutes and universities as the foundation.PM Chính also highlighted the administration's efforts to ensure that at least 20 per cent of total state budget expenditures would be allocated to education and training. There would be breakthrough policies in recruiting, using and rewarding talent at all levels, especially in new growth sectors like the digital, green and circular economies, along with the knowledge economy.“We aim to complete the training of at least 50,000 high-quality personnel to meet the semiconductor industry's development needs,” PM Chính told the assembly.

The Government leader noted that electricity demand is expected to rise rapidly, with a projected increase of about 12–13 per cent in 2025 and even higher in subsequent years.

PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects

At IOT, we dive in, think big, and work together to bring give you the best solution to your brand. As a team, we’re unstoppable. As individuals, we are inventive, passionate, and committed. As IOT, we thrive in our approach and attitude towards innovation and demand for creative distinction that offers our clients unique below the line results. Our clients keep winning because our people keep raising the bar–day in and day out. We have the right blend of creative courage, strategic thinking, and a relentless commitment to tangibly strengthening our clients’ brands at every interaction.In the fast-paced, high-tech world of nowadays marketing and communications, it is essential to be relevant to changing communication needs and to consistently deliver progressive thinking that can become central to the brand DNA.It is the IOT vision to be Vietnam’s leading marketing and communications agency, establishing a reputation for innovative communication solutions that alter people’s perceptions, transforms behavior and builds lasting relationships with brands.As an aggressive and agile firm, here at IOT, we believe in the fundamentals of communication strategies and have developed a reputation for effective, on-target marketing.Working with many great clients, IOT is known for building and positioning brands along with maximizing the exposure and results for their clients.

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<figure class="image"><img src="https://api.iotcommunication.com.vn/images/Screenshot_2(1)_20240905022238.png"></figure>It all starts with communication and we create your message with impact. How a brand interacts and connects with its audience — whether through its website, email and print communications, social media or at an event — directly impacts the brand’s strengths. A powerful, consistent communication and content strategy is paramount to a successful brand strategy, ensuring audiences not only receive important messaging but connect with and act on it. IOT’s communications specialists with years of expertise in marketing, writing and brand strategy will help you with it.

It all starts with communication and we create your message with impact. How a brand interacts and connects with its audience — whether through its website, email and print communications, social media or at an event — directly impacts the brand’s strengths. A powerful, consistent communication and content strategy is paramount to a successful brand strategy, ensuring audiences not only receive important messaging but connect with and act on it. IOT’s communications specialists with years of expertise in marketing, writing and brand strategy will help you with it.

Communication strategy

&nbsp;<a href="">1.&nbsp;Communication strategy&nbsp;</a><figure class="image"><img src="https://api.iotcommunication.com.vn/images/Screenshot_2(1)_20240905021602.png"></figure><a href="">2.&nbsp;Digital marketing</a><figure class="image"><img src="https://api.iotcommunication.com.vn/images/xdigital-marketing_png_pagespeed_ic_-AETQMr2ES_20240905021646.png"></figure>3. Event Production<figure class="image"><img src="https://api.iotcommunication.com.vn/images/Event-PNG-Photo_20240905021901.png"></figure>4. Creative services<figure class="image"><img src="https://api.iotcommunication.com.vn/images/1934823-1000x1000_20240905022033.jpg"></figure>

Services

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/xdigital-marketing_png_pagespeed_ic_-AETQMr2ES_20240905022314.png"></figure>Digital integration activations maximize the effect of brand experiences and are an integral part of our approach. IOT recognizes the impact that digital, social, interactive and mobile executions have on brand experiences — and how important it is to integrate them from a program’s inception. By embracing strategic, multi-functional digital integrations, brands can generate more data about your target audience — with greater precision — than ever before. Consumer engagement with social media, onsite digital activations, mobile platforms and more offers data to better target and win over customers you might not reach otherwise.

Digital integration activations maximize the effect of brand experiences and are an integral part of our approach. IOT recognizes the impact that digital, social, interactive and mobile executions have on brand experiences — and how important it is to integrate them from a program’s inception. By embracing strategic, multi-functional digital integrations, brands can generate more data about your target audience — with greater precision — than ever before. Consumer engagement with social media, onsite digital activations, mobile platforms and more offers data to better target and win over customers you might not reach otherwise.

Digital marketing

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/Event-PNG-Photo_20240905022349.png"></figure>Brand experiences come to life during event production. Every carefully planned detail — from the creative activations to the run of show to the food and beverage — is put into effect. A live event is an organic production with many moving parts and requires a focused, organized effort to execute. With the right production team in the right roles, events are accomplished without a hitch.At IOT, we realize big ideas. We translate strategic plans into compelling events. And we understand all the work and coordination that goes into making them a success. As event production experts with decades of combined experience, we do more than execute. We think deeply, we plan down to the last detail, and then we put ourselves in the thick of the action and produce.

Brand experiences come to life during event production. Every carefully planned detail — from the creative activations to the run of show to the food and beverage — is put into effect. A live event is an organic production with many moving parts and requires a focused, organized effort to execute. With the right production team in the right roles, events are accomplished without a hitch.At IOT, we realize big ideas. We translate strategic plans into compelling events. And we understand all the work and coordination that goes into making them a success. As event production experts with decades of combined experience, we do more than execute. We think deeply, we plan down to the last detail, and then we put ourselves in the thick of the action and produce.

Event Production

News

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/1934823-1000x1000_20240905022416.jpg"></figure>Well-crafted and creative is essential to a campaign’s success. But you want to dazzle along the way, too. Our Creative leads engage in the earliest stages of strategic discussions, and love nothing more than creating beautiful, multisensory work that demands attention and engagement for your brand. And our design chops are complemented by experienced project managers, whose job it is to keep your creative projects on track.

Well-crafted and creative is essential to a campaign’s success. But you want to dazzle along the way, too. Our Creative leads engage in the earliest stages of strategic discussions, and love nothing more than creating beautiful, multisensory work that demands attention and engagement for your brand. And our design chops are complemented by experienced project managers, whose job it is to keep your creative projects on track.