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The Government has set GDP growth targets for all 63 provinces and centrally-run cities in a bid to accelerate Viet Nam's GDP growth to at least 8 percent this year.

Gov't sets growth targets for all localities in 2025

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/04/15/120250204150408.jpg?rt=20250204150410" alt="Vietnam holds great potential for semiconductor industry development"></figure></td></tr><tr><td>Vietnam holds great potential for semiconductor industry development</td></tr></tbody></table></figure>As the backbone of modern technology, the sector plays a crucial role in global socio-economic and technological advancement.In response to the Prime Minister’s Directive No. 43, issued on December 4, 2024, which calls for enhanced workforce training in the semiconductor sector and other core digital technologies, as well as specific tasks assigned to boost talent development for the industry, the Ministry of Education and Training (MoET) has established an advisory council aimed at developing standardised training programmes for semiconductor design at all levels of higher education.Regarding the council’s establishment, Nguyen Anh Dung, deputy director of the Higher Education Department (MoET), emphasised that the standardised scheme would serve as a framework for universities to design and implement their curriculum. They would provide a foundation for pilot programmes, second-degree courses, and interdisciplinary training schemes in semiconductor design.For Vietnam, building a well-trained workforce can be viewed as essential to unlocking the potential of its semiconductor industry. This requires strong engagement from higher education institutions, particularly top universities specialising in engineering and technology, including semiconductor design.The standardised training programmes are designed to be flexible, not only catering to undergraduate students, but also allowing second-, third-, and fourth-year students to transition into semiconductor studies. It also provides opportunities for university graduates seeking to expand their expertise in this field.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/04/15/220250204150435.jpg?rt=20250204150435" alt="Nguyen Anh Dung, Deputy Director of the Higher Education Department under the Ministry of Education and Training"></figure></td></tr><tr><td>Nguyen Anh Dung, Deputy Director of the Higher Education Department under the Ministry of Education and Training</td></tr></tbody></table></figure>Prof. Chu Duc Trinh, rector of the University of Engineering and Technology under the Vietnam National University, Hanoi, and a member of MoET’s advisory council, affirmed that the country has significant potential when it comes to the semiconductor industry. In recent years, leaders of global groups and top universities have acknowledged this to be a strategic opportunity for the nation to accelerate its integration into the global semiconductor supply chain.According to Prof. Trinh, the goal of the standardised training programme is to create a strong foundation for developing modern, flexible education pathways that blend fundamental and specialised knowledge in semiconductor design. The scheme will therefore integrate the entire value chain, combine academic learning with real-world applications, and meet international standards. Qualified institutions will be able to offer courses in English, thereby ensuring that the Vietnamese workforce is equipped to compete in the global market.The programme provides students with a comprehensive education in semiconductor design, covering essential skills such as circuit design, simulation, fabrication, and testing. It also focuses on hands-on experience through real-world projects, fosters creative problem-solving, and prepares students for careers in a globally connected industry.Prof. Trinh stressed that moving forward to 2030, Vietnam must prioritise strengthening faculty expertise in teaching and research, encouraging participation in specialised conferences whilst boosting collaborations with businesses and professional organisations. After 2030, the focus should shift toward developing a highly specialised faculty with strong research and innovation capabilities. Faculty members will therefore need to attain higher levels of expertise, lead major research initiatives, and engage in international academic and industry collaborations.Assoc. Prof. Nguyen Vu Quynh, vice rector of Lac Hong University, described the establishment of the advisory council for the standardised semiconductor training schemes as a significant step towards meeting the industry’s growing demand for a high-quality workforce.He noted that the programme is designed to align not only with the needs of the domestic labour market, but also with global standards in general. This reflects Vietnamese investment and vision when it comes to bringing its education system closer to global standards, he added.Source: VOV

For Vietnam, the successful development of its semiconductor industry and its ability to seize on opportunities rests on preparing a skilled workforce, a task entrusted to higher education institutions.

Vietnam emerges as a promising hub for semiconductor industry development

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/3/cac-dia-diem-du-lich-tet-duong-lich--1738574353537275372341.jpg" alt="Viet Nam records 12.5 million domestic visitors during Lunar New Year holiday- Ảnh 1."></figure>Ho Chi Minh City, Viet Nam's largest economic engine, was the top destination, receiving about 2.1 million visitors, up 16.7 percent. The Southern metropolis also welcomed 87,358 international tourists, an increase of 16.5 percent from the previous year.Meanwhile, a million visitors travelled to major tourist attractions in Ha Noi, a year-on-year increase of 6 percent. Of the figure, 142,000 were foreigners, up 15.8 percent year on year.Destinations such as Quang Ninh, Da Nang, Quang Nam, Ha Noi, Ho Chi Minh City, Kien Giang, and Hue reported a strong surge in international arrivals.To meet the travel demand of tourists the Lunar New Year - the biggest and most important holiday in Viet Nam, domestic airlines have increased the frequency of flights.Domestic airlines provided over 6.9 million seats on international and domestic routes, averaging 227,000 seats per day, an increase of 4 percent compared to the Lunar New Year 2024.The number of foreign visitors rose by 30 percent, driven by favorable visa policies and tourism promotion campaigns adopted by localities./.

Viet Nam recorded 12.5 million tourists during the Lunar New Year 2025 that ended Sunday, an increase of 19 percent compared to the 2024 Tet holiday, according to the Viet Nam National Authority of Tourism (VNAT).

Viet Nam records 12.5 million domestic visitors during Lunar New Year holiday

&nbsp;<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/1/23/22-17376271830451994884982-17376295847431032424300.jpg" alt="Party Central Committee convenes meeting to discuss rearrangement of political system apparatus- Ảnh 1."></figure>During the two-day meeting, the Party Central Committee will also discuss GDP growth goals for 2025 and for 2026-2030 period, personnel work, reports on the leadership of the Politburo and the Secretariat in 2024, report on inspection and supervision in 2024, and a program on inspection and supervision in 2025.Regarding personnel work, the Party Central Committee will consider election of new members to the Politburo and the Secretariat./.

The Party Central Committee on Thursday convened a meeting to discuss the streamlining and rearrangement of the political system apparatus.

Party Central Committee convenes meeting to discuss rearrangement of political system apparatus

Malaysian PM Anwar Ibrahim, Chief Adviser (head of the interim government) of Bangladesh Muhammad Yunus, the United Nations Secretary-General’s Special Envoy on Myanmar Julie Bishop and Non-Executive Independent Chair of the Board of Directors of Mastercard Merit Janow also joined the discussion.At the session, Malaysian PM Anwar shared three major priorities in the ASEAN Chairmanship Year 2025: Ensuring energy infrastructure for the region, especially green energy and alternative energy; Promoting connectivity within ASEAN, especially prioritising the exploitation of the strengths of artificial intelligence; and Climate change response.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/23/08/in_article/pm-call-4-asean-coop20250123084844.jpg?rt=20250123084845" alt="Vietnamese PM calls for cooperation between ASEAN and world for further successes"></figure></td></tr><tr><td>Vietnamese Prime Minister Pham Minh Chinh at the discussion session. (Photo: VNA)</td></tr></tbody></table></figure>Speakers all highly appreciated the role, position and development prospects of the Association of Southeast Asian Nations (ASEAN). ASEAN not only affirms itself as a region full of economic vitality, one of the engines of global growth, but also has the opportunity to pioneer the transformation into the intelligent age. ASEAN's special advantage is the creative and entrepreneurial spirit coming from the young generation, a digital generation that is expected to be the new growth engine of the region.Sharing that as the economy with the highest growth in ASEAN, PM Chinh said that the intelligent age poses many great challenges but it is an inevitable path. He emphasised that ASEAN needs to enter the intelligent age with an ambitious mindset, ready to think deep and do big, using science and technology, innovation and digital transformation as new driving forces to create breakthroughs for regional growth.Sharing his vision of ASEAN in the future, the Vietnamese leader emphasised that in the intelligent age, a successful ASEAN needs to firmly ensure six elements: in terms of politics and security, it must be peaceful, stable, and without war; the economy must develop quickly and sustainably; regarding culture, it is necessary to promote unity in diversity, both developing ASEAN identity and preserving the identity of each member; regarding the environment, it must ensure sustainable exploitation and use, protecting the environment for future generations; in terms of society, it is necessary to ensure progress and social justice, inclusive development and leaving no one behind. To firmly step into the intelligent age, he stressed that Vietnam cannot develop at an average speed as usual.PM Chinh highlighted Vietnam's determination to develop science, technology, innovation and digitalisation through three strategic priorities of institutions, infrastructure and human resources. In terms of institutions, Vietnam has just issued Resolution 57 on the breakthrough development of science, technology, innovation and national digital transformation along with a number of laws and regulations to provide a legal and institutional framework to promote the national science, technology and innovation ecosystem.Regarding infrastructure, Vietnam will develop information technology infrastructure, especially digital databases, as a core of growth. In terms of human resources, Vietnam will prepare a quality workforce, focusing on emerging industries such as green transition and digitalisation, knowledge economy, focusing on fields that Vietnam has strengths, especially in mathematics and logical thinking, he said.The PM called for cooperation and connection between ASEAN and the world, and between Vietnam and ASEAN countries to develop together and move forward together to exploit the world’s intelligence to serve common development goals.Regarding the Myanmar issue, PM Chinh expressed his firm belief that with solidarity and unity for their common goals, ASEAN will contribute to helping peace, stability and happiness return to the Myanmar people soon.The Vietnamese leader’s frank sharing and profound comments on the vision and strategy of ASEAN in the future received response and agreement from the speakers as well as a large number of delegates.This is the last activity of the Vietnamese PM at the 55th WEF annual meeting. On the evening of the same day, PM Chinh, his spouse and the high-ranking delegation of Vietnam left Switzerland to return home, successfully concluding their official visits to the Republic of Poland and the Czech Republic, and attendance at the WEF annual meeting and bilateral activities in Switzerland.

PM Pham Minh Chinh called for cooperation and connection between ASEAN and the world, and between Vietnam and ASEAN countries to develop together and move forward together to exploit the world’s intelligence to serve common development goals.

Vietnamese PM calls for cooperation between ASEAN and world for further successes

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/22/16/420250122164458.jpg?rt=20250122164459" alt="The woodworking industry will strive to achieve the export target of 18 billion USD for this year. (Photo: VNA)"></figure></td></tr><tr><td>The woodworking industry will strive to achieve the export target of 18 billion USD for this year. (Photo: VNA)</td></tr></tbody></table></figure>HCM City - The woodworking industry will strive to achieve the export target of 18 billion USD for this year, the Handicraft and Wood Industry Association of Ho Chi Minh City has said.The association along with the Binh Duong Furniture Association (BIFA), and the Dong Nai Wood and Handicraft Association (DOWA) organised a ceremony in HCM City last week to honour the Ancestors of Carpentry and celebrate the achievements of the woodworking and handicraft industry in 2024.It was attended by more than 700 delegates representing members and partners.Phung Quoc Man, HAWA chairman, said Vietnam's wood product exports last year were worth a record 16.3 billion USD after rising by 20.3% from 2023.This is a truly impressive achievement, reflecting the strength and resilience of the industry in overcoming challenges.Tran Quang Bao, director of the Forestry Department, told the event that non-wood forestry products were worth another 1.04 billion USD.As a long-standing traditional industry, the woodworking industry not only brings economic value but also plays a crucial role in preserving the national culture and creating products that proudly bear the mark of Vietnam in the international market.Vietnamese wood products are now present in over 170 countries, he said.In 2025 the wood processing and export industry would have both opportunities and challenges, with significant changes expected in international trade policies, especially in major markets like the US, he said.To achieve the export target of 18 billion USD, he urged the industry to diversify its markets to avoid over-reliance on a few major ones and leveraging e-commerce platforms.It also needs to build transparent supply chains, adopt technology in production and management, ensure traceability of wood materials, develop sustainable and eco-friendly products, and foster collaboration and innovation, he said.Associations such as HAVW, DOWA and BIFA should continue to be bridges between businesses and regulatory agencies, supporting workforce training and encouraging innovation.”Unity for collective prosperityMan said: In 2025 we will strive together with the wood furniture community to achieve the export target of 18 billion USD.The global furniture consumption is worth more than 516 billion USD a year and exports from Vietnam are still very modest, meaning that the industry still holds immense potential for growth, he said.The US, the largest furniture market in the world, is also witnessing dynamic political movements. These developments may present new opportunities for Vietnam's wood industry. If leveraged effectively, Vietnam can establish a stronger and more sustainable position in the global market.He also stressed the importance of unity between businesses in the industry to grow together.Competition is a driving force for development, but it is crucial to distinguish between healthy and unhealthy competition. Businesses should not 'get in each other's way' but should cooperate to grow together, and build the strength needed to conquer the world markets. Then, all enterprises will benefit.He said the HAWA executive board has prioritised connectivity between member businesses, enhancement of ties between associations and leveraging the strengths of different regions to achieve shared development.He referred to the unique regional characteristics of the country’s handicraft and wood industry, saying the north is a raw material supplier with large furniture production areas and distinctive traditional craft villages.The central region excels in outdoor furniture and serves as a focal point for developing plantation forests, while the south is the heart of wood processing with three major centres, HCM City and Dong Nai and Binh Duong provinces.HCM City stands out for creativity, designing, trading, branding, logistics, and finance.But connecting the three regions to leverage these values remains an unachieved goal, he said.He stressed the need for establishing connections to enable Vietnam's handicraft and wood processing industry to create a complete furniture supply chain for the global market.He also appreciated businesses for making significant efforts to invest in machinery and equipment, fostering creative design and steadily seeking to expand their markets.Enterprises have also embraced new business models and leveraged e- commerce, enabling direct exports through platforms like Amazon, Wayfair and others, he said.It is encouraging to see the active support of the Government and relevant authorities, who have joined hands with the wood industry through initiatives such as organising trade promotion programmes domestically and internationally and planning plantation forest resources, he said.Thus, the overall picture of the wood industry today can be summarised in one sentence: External conditions are favourable, and internal transformation is underway.I firmly believe that with optimism and collaboration and the spirit of unity among all of us, the Vietnamese woodworking and handicraft industry will overcome challenges and achieve remarkable success in 2025./.

The woodworking industry will strive to achieve the export target of 18 billion USD for this year, the Handicraft and Wood Industry Association of Ho Chi Minh City has said.

Positive outlook for wood product exports after roaring success in 2024

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2024/122024/17/09/nuclear-power-vietnam-vna-321220241217091440.jpg?rt=20241217091441" alt="Core area of the former Ninh Thuan 1 nuclear power plant project in Vinh Truong hamlet, Phuoc Dinh commune, Thuan Nam district, Ninh Thuan province. (Photo: VNA)"></figure></td></tr><tr><td>Core area of the former Ninh Thuan 1 nuclear power plant project in Vinh Truong hamlet, Phuoc Dinh commune, Thuan Nam district, Ninh Thuan province. (Photo: VNA)</td></tr></tbody></table></figure>In a recent interview with the Vietnam News Agency, Prof. Dr. Le Van Hoa from the University of Chicago Medicine and Prof. Dr. Le Trong Thuy from San Jose State University highlighted the significance of nuclear power in ensuring energy security, meeting socioeconomic development goals, and developing the nation sustainably.The two experts, who have given advice on the Ninh Thuan Nuclear Power Project since 2011, assessed nuclear power as the future of clean energy sector. Given Vietnam’s narrow geographic profile and long coastline, they suggested the country develop small nuclear power facilities along the coastal regions. Large-scale projects with thousands of megawatt capacities are too costly and require significant time to complete.Referring to the US development of compact five-megawatt reactors capable of powering some 3,000 homes as an example, Hoa and Thuy said that similar facilities could serve around 5,000 households in Vietnam.Due attention should be paid to the rational selection of power transmission infrastructure and identification of target communities and regions for nuclear power development, they said, underscoring the importance to penning tsunami mitigation plans when developing the Ninh Thuan nuclear power project.Thuy, who has participated in designing five nuclear reactors in the US, said that nuclear power plant can operate at a 93-95% capacity, which means they could generate electricity for up to 350 days annually, far surpassing the operational capacity of gas, wind, and solar energy sources.According to Hoa, initial investment in nuclear power could be big-budget but the long-term operational costs are remarkably low. Beyond electricity generation, nuclear energy could be capitalised on in such areas as agriculture, health care and desalination. In the US, a nuclear power plant could generate around 60 billion USD in economic benefit throughout its lifecycle.The two specialists said it is time for Vietnam to jump on to the global bandwagon of nuclear power development as the clean electricity will help the country to deliver on its dual goals - driving economic growth and meeting its net-zero emissions target./.

Two Vietnamese professors who are working in the US have offered insights into the potential and challenges of nuclear power development in Vietnam, recommending an approach centred on small-scale nuclear reactors as drawn from international practices.

Small nuclear reactors could power Vietnam’s net-zero future: experts

The move is part of the Government's effort to stimulate inbound tourism this year, according to the Government's Resolution No. 11/NQ-CP dated January 15, 2025.This is also a significant gesture announced ahead of Prime Minister Pham Minh Chinh's tour to the three European countries.This new policy shall be applied to tours organized by international travel service providers in Viet Nam until December 31, 2025.Visa exemptions will be granted to citizens of Poland, the Czech Republic, and Switzerland for a temporary stay of up to 45 days from the date of entry for tourism purposes.Currently, Viet Nam also unilaterally exempts visas for citizens from 13 countries, namely Germany, France, Italy, Spain, the UK, Russia, Japan, South Korea, Denmark, Sweden, Norway, Finland and Belarus, with a duration of stay of up to 45 days from the date of entry.The aforesaid countries are among the largest tourist source markets of Viet Nam, according to the Vietnamese Ministry of Foreign Affairs.Last year, international arrivals to Viet Nam reached more than 17.5 million, an increase of 39.5 percent from 2023.Viet Nam targets to attract 22-23 million international tourists this year, surpassing the pre-pandemic levels, said the Viet Nam National Authority of Tourism (VNAT)./.

Viet Nam will waive visas for tourists from Poland, the Czech Republic and Switzerland from March 1, 2025, the Government announced Wednesday.

Viet Nam waives visas for tourists from Poland, Czech Republic, Switzerland from March

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/1/14/nhatrang-17368448266501563101352.jpg" alt="Khanh Hoa among best recovery destinations in Asia-Pacific- Ảnh 1."></figure>With an impressive growth rate of 80 percent compared to the same period last year, Nha Trang City was ranked third among best recovery destinations in the Asia-Pacific region in 2024 by global travel analysis firm ForwardKeys.Nha Trang was also ranked sixth in the list of 25 Best Places To Visit In Asia In 2025 as revealed by Travel+Leisure Magazine.The list was voted by Travel+Leisure Magazine, including destinations Thailand, Singapore, Uzbekistan, India, Japan, Viet Nam, Malaysia, Indonesia, South Korea, and China.Meanwhile, Malaysian newspaper The Star named Cam Ranh among 12 destinations for 2025 holidays.According to the newspaper, Cam Ranh is a bayside city with beautiful white-sand beaches dotted with hotels and resorts.Cam Ranh is one of Viet Nam's top luxury resort destinations and the place is not just about the beaches, though, as people can also get lots of cultural exposure, especially in the nearby city of Nha Trang, The Star noted.The newspaper suggests visitors check out the Long Son Pagoda, Viet Nam's oldest Buddhist temple, the Christ the King Cathedral or Nha Trang Cathedral that was built in 1928, and the ancient Ponagar Cham Towers. These towers were built in honor of Yang Ino Po Nagar, the goddess of the Dua clan that ruled over the southern region of the Champa kingdom.With more than 10.8 million visitors in 2024, Khanh Hoa's tourism revenue exceeded US$2.2 billion. Of the figure, 4.8 million were foreigners./.

Nha Trang and Cam Ranh in the central province of Khanh Hoa have been honored as top destinations in the world in 2024 and 2025.

Khanh Hoa among best recovery destinations in Asia-Pacific

The top legislator expressed his joy at the good relations between Vietnam and China, which has recorded many remarkable results. He said that following the state visit to Vietnam by General Secretary of the Communist Party of China (CPC) and President of China Xi Jinping in December 2023, and the state visit to China by General Secretary of the Communist Party of Vietnam (CPV) and State President To Lam in August 2024, the bilateral relations have strongly developed, becoming more comprehensive and substantive.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/10/09/in_article/chu-tich-qh-vs-ds-trung-quoc20250110091917.jpg?rt=20250110091917" alt="Vietnamese treasures relations with China: NA Chairman"></figure></td></tr><tr><td>National Assembly (NA) Chairman Tran Thanh Man (R) receives Chinese Ambassador to Vietnam He Wei. (Photo: VNA)</td></tr></tbody></table></figure>In recent times, the relationship between the CPV and the CPC has achieved significant progress. Meanwhile, the Vietnamese NA and the National People's Congress of China have consistently supported each other in regional and international parliamentary forums, especially the Inter-Parliamentary Union (IPU) and the ASEAN Inter-Parliamentary Assembly (AIPA).Man proposed the two sides effectively organising activities to celebrate the 75th founding anniversary of diplomatic relations in 2025. He extended his invitation to Chairman of the Standing Committee of the National People's Congress (NPC) of China Zhao Leji to make an official visit to Vietnam and co-chair the first session of the cooperation committee between the Vietnamese NA and the Chinese NPC.He expressed his belief that the Chinese diplomat will work to further strengthen the political and diplomatic relations between the two countries, as well as cooperation in investment, economy, trade, tourism, especially expanding cooperation in science-technology, digital technology, education - training, healthcare, cultural tourism, and people-to-people exchanges, creating momentum for stepping up the bilateral relations in the coming time.Man said he hoped the ambassador will pay attention to further deepening the relationship between the Vietnamese and Chinese legislative bodies, and promoting exchanges between friendship and young parliamentarians groups of the two countries.For his part, He cconveyed warm regards and best wishes from Zhao to Man, and showed gratitude to the Vietnamese top legislator for sending his message of sympathy to China following a recent major earthquake in the Tibet Autonomous Region.The diplomat expressed his deep appreciation for the important contributions of Man to promoting the relationship between China and Vietnam, as well as exchanges and cooperation between their legislative bodies. He affirmed that, in his position, he will make every effort to elevate the bilateral relations to new heights.He hoped that in the coming time, the two countries' legislatures will continue to play their important roles in strengthening the social foundation and supervising the implementation of key cooperation agreements that the two sides have signed.With the support of the Vietnamese top legislator, the cooperation between the NPC and the Vietnamese NA will grow stronger in the future, He stressed.

Vietnam always treasures its friendly, traditional neighbourliness and comprehensive cooperation with China, considering this a top priority in its foreign policy of independence, self-reliance, peace, cooperation and development, and multilateralisation and diversification of external relations, National Assembly (NA) Chairman Tran Thanh Man said while receiving Chinese Ambassador to Vietnam He Wei in Hanoi on January 9.

Vietnamese treasures relations with China: NA Chairman

At the press conference held in Hanoi on January 7 highlighting the central bank’s operation in 2024 and tasks for this year, Tu said outstanding loans totalled 15.6 quadrillion VND (approximately 614.6 billion USD), marking an increase of over 2 quadrillion VND as compared to 2023. The credit growth primarily focused on production, business operations, and priority sectors of the economy.2024 saw more relaxed global economic and trade policies, which helped ease pressure on Vietnam's monetary policy implementation, he said, adding business activities showed marked improvement, leading to increased capital demand from enterprises.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/012025/09/19/in_article/tang-truong-tin-dug-2420250109190949.jpg?rt=20250109190950" alt="Vietnam's credit growth surpasses target, reaching 15.08% in 2024"></figure></td></tr><tr><td>At the press conference on January 7 (Photo: VGP)</td></tr></tbody></table></figure>However, challenges persisted throughout the year, with multiple firms having limited access to capital, while the bond and stock markets having yet to fully recover, affecting long-term capital availability. The realty market, though showing signs of warming up, still struggled with legal procedures for numerous projects, according to Tu.Against the backdrop, the central bank strictly followed the Party, National Assembly, and Government’s resolutions and kept close tabs on the global and domestic economic developments to harmoniously roll out measures facilitating access to bank credit for businesses and individuals, supporting business recovery, and promoting growth.In terms of monetary policy achievements, the SBV's management contributed to macroeconomic stability, with economic growth reaching 7.09%, surpassing the National Assembly's target of 6.5%. Meanwhile, inflation was successfully contained at 3.63% compared to 2023, meeting the set target.Tu went on to say that the central bank demonstrated sound management of interest rates in the year, maintaining steady policy rates despite global highs. While deposit rates saw a 0.71% increase, lending rates fall by 0.6% overall, with state-owned commercial banks leading the reduction at nearly 1%.Furthermore, a flexible exchange rate policy helped successfully navigate external shocks while ensuring market stability and adequate foreign currency supply.In a move to bolster economic growth, the SBV launched two adjustments to credit growth targets in August and November while asking credit institutions to work to improve business efficiency, ensure the system’s safety, stabilise the monetary market, and prioritise credit for sectors that are drivers of the economic expansion.Besides, the banking sector initially control the price gap between domestic SJC gold bars and international prices, Tu stated, adding despite economic headwinds, the banking system maintained stability and kept non-performing loans under control while protecting depositors’ interests.Looking ahead, Tu said the central bank will continue keeping a close watch on the market development as well as external and domestic economic situations to carry out comprehensive solutions to control inflation, contributing to macroeconomic stabilisation.The bank will work to strengthen security and safety in online banking transactions to assure the legitimate rights of the customers, he added.

Credit growth across the banking sector reached 15.08% as of the end of 2024, exceeding the year’s target of 15%, according to Standing Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Vietnam's credit growth surpasses target, reaching 15.08% in 2024

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20250110022238.png"></figure>To fulfill this goal, the tourism sector will focus on potential markets such as India and open more direct air routes while spuring tourism promotion activities.In 2024, international arrivals to Viet Nam reached more than 17.5 million, a year-on-year increase of 39.5 percent.&nbsp;The South Korea remained the biggest tourist source market in 2024 with 4.5 million visitors, accounting for 26 percent of the total number of foreign arrivals, followed by China with 3.7 million (21.3 percent).Also in 2024, Viet Nam was recognized by the World Travel Awards as "Asia's Leading Destination," "Asia's Leading Heritage Destination," and "Asia's Leading Nature Destination"./.

Viet Nam targets to attract 22-23 million international tourists this year, surpassing the pre-pandemic levels, according to the Viet Nam National Authority of Tourism (VNAT).

Viet Nam looks to welcome 22-23 million international visitors in 2025

<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

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.

About

<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.