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<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/13/ttg-17471296631071553360132.jpg" alt="Prime Minister urges U.S. businesses to support mutually beneficial trade agreement- Ảnh 1."></figure>Prime Minister Pham Minh Chinh chairs a working session with representatives of U.S. business community in Viet Nam, Ha Noi, May 13, 2025 - Photo: VGPPresent at the session included Deputy Prime Ministers Ho Duc Phoc and Nguyen Chi Dung, leaders from Vietnamese ministries, agencies, and local authorities, representatives of the U.S. Embassy in Viet Nam, the American Chamber of Commerce in Ha Noi, and representatives from 50 major U.S. companies investing in Viet Nam.This is the Prime Minister's second meeting with U.S. businesses in just two months, demonstrating the Vietnamese government's strong appreciation for the business community and its willingness to resolve obstacles and create the most favorable conditions for the U.S. business community to continue investing, expanding, and achieving success in the Southeast Asian country.In 2024, bilateral trade reached US$134.6 billion. By the end of 2024, American investors poured US$11.94 billion in over 1,400 projects in Viet Nam.Meanwhile, the Southeast Asian nation invested in 252 projects in the U.S., with a total investment capital of over US$1.36 billion, ranking 6th out of 83 outbound investment destinations.Viet Nam is the 8th largest trading partner of the U.S. in the world and 4th largest export market of the U.S. in ASEAN.At the session, American businesses representatives highly appreciated Viet Nam's investment and business environment, especially the Government's recent efforts to further improve transparency and efficiency, including eliminating at least 30 percent of unnecessary business and investment conditions, reducing the processing time of administrative procedures by at least 30 percent, and cutting administrative costs by at least 30 percent.Recently, Viet Nam has committed to promoting balanced and sustainable investment and trade cooperation with the U.S. by increasing imports of goods in which the U.S. has strengths and Viet Nam has demand, reducing import tariffs on U.S. products, and addressing obstacles faced by U.S. projects operating in Viet Nam, they noted.Addressing the event, Prime Minister Pham called on the business community and the U.S. Embassy to actively convey Viet Nam's efforts and goodwill to President Donald Trump's Administration, encouraging the U.S. to adopt the most favorable approach among possible solutions to promote balanced and sustainable trade cooperation with Viet Nam.He also expressed hope that the two sides would soon reach a tariff agreement that brings both immediate and long-term benefits to both countries, their people, and their businesses.Sharing Viet Nam's perspective on the ongoing trade negotiations between the U.S. and China, the Prime Minister said, Viet Nam does not interfere in the internal affairs of other countries and wishes for all nations to develop, in the interest of stability, peace, cooperation, and development in the region and around the world.Viet Nam especially hopes to avoid the outbreak of trade wars, particularly between major powers such as the U.S. and China and encourages nations to enhance cooperative relationships based on the rule of law, adhere to international commitments and the United Nations Charter, and avoid actions that negatively impact other countries.Prime Minister Pham expressed his hope that U.S.–China trade negotiations will make meaningful progress, resulting in mutually beneficial agreements for both parties and for the broader international community.The Vietnamese Government vows to create all favorable conditions and protect the legal and legitimate rights and interests of businesses, including U.S. businesses, to enable them to cooperate, invest, and conduct sustainable and effective business in the country, asserted the Prime Minister.Viet Nam continues to reform its visa policies to facilitate foreign arrivals, including those from the U.S.&nbsp; into the country, and wishes that the U.S. Administration will consider adopting more favorable visa policies for Vietnamese citizens, said Pham./.

Prime Minister Pham Minh Chinh on Tuesday had a working session with representatives of U.S. business community in Viet Nam.

Prime Minister urges U.S. businesses to support mutually beneficial trade agreement

Driving the Digital ShiftThe Ministry of Industry and Trade (MoIT) is actively assisting Vietnamese supporting industry enterprises in embracing digital transformation to seize opportunities from the Fourth Industrial Revolution and move toward smart, sustainable manufacturing.According to Director of the Industrial Development Support Center, Chu Viet Cuong, under the MoIT’s Department of Industry, the agency has consistently organized initiatives through the center to aid businesses. These efforts include implementing digital transformation models and developing smart factory systems aimed at enhancing production efficiency and integrating into global supply and value chains.“We regularly conduct training programs and introduce intelligent production management systems for factories and enterprises in the supporting and industrial sectors,” Cuong emphasized.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/13/18/screen-shot-2025-05-13-at-60648-pm20250513182806.png?rt=20250513182808" alt="Domestic supporting industry enterprises have also become increasingly active in applying modern standards and management tools in their manufacturing and production processes."></figure></td></tr><tr><td>Domestic supporting industry enterprises have also become increasingly active in applying modern standards and management tools in their manufacturing and production processes.</td></tr></tbody></table></figure>The MoIT has also fostered partnerships with multinational corporations and major foreign direct investment (FDI) enterprises operating in Vietnam. These collaborations focus on production improvements, workforce upskilling, digital transformation, and the development of smart factories for domestic industrial firms. These support programs have yielded promising results, spreading positive momentum across Vietnam’s industrial landscape and opening greater opportunities for local businesses to participate more deeply in global supply chains.Chief Executive Officer of Intech Group, Hoang Huu Thang, a leading enterprise in Vietnam’s supporting industries, noted that the firm has prioritized digital transformation and adopted a phased approach toward full integration. “With a digital operating platform, all data is meticulously recorded. This enables us to make strategic decisions based on science and data,” he shared. “It also enhances the customer experience by ensuring timely service, including maintenance and repair work.”Vietnamese-made supporting industry products are increasingly trusted by global giants such as Samsung, LG, Apple, Honda, and Toyota. Local suppliers are now providing key components for global production chains.Boosting support for businessesVietnamese component manufacturers have made significant strides in areas such as mold-making, bicycle and motorcycle parts, standard mechanical components, electrical cables, and high-tech rubber and plastic parts. These products not only meet domestic demand but are also exported worldwide.Local supporting industry firms are increasingly applying modern standards and management tools in their manufacturing processes. Major Vietnamese conglomerates like Viettel, Vingroup, Truong Hai (THACO), Thanh Cong, and Hoa Phat have developed strong industrial bases in materials, machinery, and basic industries, laying a solid foundation for supporting industries to integrate into global production networks.Despite existing support policies for digital transformation, many businesses still face challenges accessing these resources. Several firms reported that the cost of applying for state-funded support sometimes exceeds the benefits received. Moreover, information about available programs often fails to reach the enterprises most in need.Deputy General Director of Hanel Production and Trading JSC (Hanel PT), Tran Duc Tung, noted that digital transformation is far from easy. “The greatest challenge is leadership commitment. Without a clear and determined strategy from top management, transformation efforts are unlikely to succeed.”To move toward smart manufacturing, Hanel PT is focusing on standardizing both operational technology (OT) and information technology (IT). “We’ve achieved around 60% automation in our operations, and our next goal is to raise that to 80%,” said Tran Duc Tung.He also highlighted the need for more accessible financial support. “We hope to access favorable loans and funding packages more easily, with simplified procedures. There should also be R&amp;D support, because digital transformation is fundamentally an R&amp;D activity within production.”“To successfully transform, we must improve workforce quality. We hope the Department of Industry and the government will expand training programs to help our staff manage and operate new systems more effectively,” he added.Strengthening the ministry's ecosystemHead of the Supporting Industries Division at the Department of Industry, Nguyen Manh Ha, acknowledged the difficulties businesses face during digital transformation. He noted that the government has introduced various mechanisms and policies to promote the development of both the general and supporting industries in recent years. The department has also engaged in multiple cooperation activities with domestic and international partners, including large FDI companies, to enhance the competitiveness of Vietnamese firms and support their integration into global supply chains.Looking ahead, Ha stressed the need for establishing specialized industrial zones in the north, central, and southern regions. He called for additional workforce training, support for importing used yet internationally standardized machinery, and stronger state-led efforts to guide local enterprises into production networks. He also urged better connections between major international corporations operating in Vietnam and local supporting industry firms.Digital transformation is rapidly unfolding across all sectors of the economy — especially in industrial production and, more specifically, in supporting industries. This trend demands that Vietnam’s manufacturing sector accelerate its digital shift to keep pace with the evolving requirements of modern development.Le An

As Vietnam accelerates industrial modernization, the Ministry of Industry and Trade is driving digital transformation in supporting industries, paving the way for smart, sustainable manufacturing and deeper integration into global value chains.

Ministry of Industry and Trade to proactively advance digital transformation

As part of his official visit to the Russian Federation and attendance at the commemoration of the 80th anniversary of Victory in the Great Patriotic War, General Secretary To Lam, accompanied by his spouse, met with leading Russian investors and business executives on May 11, 2025. Deputy Minister of Industry and Trade Nguyen Hoang Long joined the delegation and took part in the Vietnam–Russia Business Forum.According to the Department of Foreign Market Development (Ministry of Industry and Trade), economic and trade cooperation constitutes a key pillar of the Comprehensive Strategic Partnership between Vietnam and the Russian Federation.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/12/11/thu-truong-va-zaru20250512113135.jpg?rt=20250512113137" alt="General Secretary meets prominent Russian business leaders attending Vietnam – Russia Business Forum"></figure></td></tr><tr><td>Deputy Minister of Industry and Trade Nguyen Hoang Long in a meeting with Sergei Ivanovich Kudryashov, General Director of Zarubezhneft. Photo: Department of Foreign Market Development</td></tr></tbody></table></figure>In recent years, bilateral cooperation in these fields has seen consistent growth. Eminent entrepreneurs and investors from both sides have played a central role in unlocking the potential of Vietnam–Russia collaboration.Despite a tightly packed schedule, General Secretary To Lam took time to meet with several distinguished Russian business leaders, including Sergei Ivanovich Kudryashov, General Director of Zarubezhneft, a strategic partner of Vietnam National Industry - Energy Group (PVN); Vladimir Yevtushenkov, founder of AFK Sistema, one of Russia’s leading diversified private investment groups; and Yuri Maximo, co-founder of Positive Technologies—among the largest IT firms in the country.The General Secretary praised and welcomed the ongoing cooperation efforts of Russian enterprises in Vietnam, especially in traditional sectors such as energy, oil and gas, and trade.He also emphasized Vietnam's openness to future cooperation in emerging and high-potential sectors such as advanced technologies, telecommunications, healthcare, and cybersecurity. Vietnam, he noted, remains committed to creating the most favorable conditions for foreign investors, including those from the Russian Federation.The Russian business representatives reaffirmed Vietnam’s position as a high-potential market and expressed their readiness to expand long-term investment through both ongoing projects and new cooperation proposals in the near future.General Secretary To Lam reaffirmed his commitment to directing relevant Vietnamese authorities, including the Ministry of Industry and Trade, to actively support Russian enterprises throughout project implementation.Following the high-level business meetings, Deputy Minister Nguyen Hoang Long accompanied the General Secretary to the Vietnam–Russia Business Forum, which gathered around 250 companies from both nations. The delegation also attended the inauguration ceremony of TH Group’s fresh milk processing plant in Kaluga province and witnessed the signing of seven bilateral cooperation agreements.Le An

In a bid to bolster Russian investment in Vietnam, General Secretary of the Communist Party of Vietnam To Lam has instructed the Ministry of Industry and Trade to consider measures supporting enterprises during the implementation of their projects.

Russian businesses to expand long-term investments into Vietnam

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/6/a00104012024-174646501809292371645-1746524660716803216412.jpg" alt="Viet Nam to launch major projects to celebrate 80th National Day- Ảnh 1."></figure>In April, the Government organized a groundbreaking/inauguration ceremony of 80 major projects to commemorate the 50th anniversary of the liberation of the South and national reunification.To prepare for the upcoming event, ministries, provincial authorities, and State-owned enterprises were instructed to accelerate project planning and implementation. Each agency is expected to nominate at least two projects eligible for either groundbreaking or inauguration ceremony. Detailed submissions—including project name, scale, funding sources, and documentation—must be sent to the Government Office and the Ministry of Construction by July 31.The Ministry of Construction, in collaboration with the Government Office and relevant ministries, will finalize the project list and coordinate a nationwide livestream. A comprehensive report is to be submitted to the Prime Minister by August 10.The event will be broadcast live by the Viet Nam Television (VTV), with technical support for livestream connections provided by Viettel and VNPT.Deputy Prime Minister Tran Hong Ha was tasked to oversee all preparations, ensuring the program is conducted in a solemn, unified, and cost-effective manner.In addition, the Government will also organize a national exhibition showcasing the country's socio-economic achievements over the past eight decades.The exhibition is expected to take place at the National Exhibition Center in Dong Anh District, Ha Noi./.

Viet Nam will organize a ceremony to break ground and inaugurate a series of major national-scale projects in celebration of the 80th anniversary of National Day (September 2, 1945 – September 2, 2025), according to a plan released by the Government.

Viet Nam to launch major projects to celebrate 80th National Day

Below is the translation of the Politburo's Resolution on development of the private economy.

Politburo adopts Resolution to bolster development of private economy

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20250508013958.png"></figure>In a recent interview with VGP, Kees van Baar expressed his honor to join in the ceremony commemorating the 50th anniversary of liberation of South and national reunification. This historic event marked the end of a difficult period and the beginning of a new era of peace and national development."Living and working here, I witness every day how Viet Nam has transformed itself into a vibrant, peaceful, and forward-looking country. Having first-hand experienced the realities of ongoing conflict elsewhere in the world, I appreciate deeply how precious peace, freedom, and prosperity are; and how much they must be cherished and safeguarded", shared the diplomat.The Netherlands has long admired Viet Nam's resilience and determination. As friend of Viet Nam, the Netherlands shares in the pride of this achievement and in the optimism for an even brighter future."This occasion reminds us how far Viet Nam has come and how much potential lies ahead, with trusted partners like the Netherlands standing alongside", told Kees van Baar.Fifty years ago, as Viet Nam achieved national reunification, the Netherlands, like many others, closely observed the profound changes taking place. Although geographically distant, the Dutch people felt a deep empathy for the struggles and aspirations of the Vietnamese people.The relationship between Viet Nam and the Netherlands has grown steadily from development cooperation to a strong partnership in trade, investment, and innovation.Both countries share common values such as respect for the international Rule of Law, multilateralism and a commitment to free trade."Today, the Netherlands is Viet Nam's largest European investment and trading partner, and we proudly support Vietnam's ambitions for a high-tech, green, and just economy. Our cooperation, which brings together governments, businesses, knowledge institutions, and non-governmental organizations-a model we call the Dutch Diamond-reflects the deep trust and mutual respect that have characterized our friendship over the past decades. The progress and strength of our relationship are a tribute to the spirit of partnership that both countries embraced, even in those historic early days", the Ambassador highlighted.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/29/img4306-1-17459195597371008410560.jpg" alt="Viet Nam’s national reunification lays groundwork for remarkable development- Ảnh 3."></figure>Australian Ambassador to Viet Nam Gillian BirdImportant moment in Viet Nam's historyAccording to Australian Ambassador to Viet Nam Gillian Bird, this is an important moment in Viet Nam's history, marking the 50th anniversary of the nation's reunification."As we mark this historic anniversary, it is an opportunity to reflect on how far Viet Nam has come as a country in the past 50 years", she noted.Viet Nam's transformation over the past 50 years, into one of the fastest-growing economies in the region and a major hub for manufacturing and investment, has been remarkable. This is testament to the value of peace and to the determination and drive of the Vietnamese government and people, as they have pursued development and prosperity for their country."Australia is proud of the partnership we have built with Viet Nam since we became one of the first industrialized nations to establish diplomatic ties with Viet Nam in 1973", stressed the diplomat.The evolution of the Australia-Viet Nam relationship over the past 50 years has been extraordinary. The relationship with Viet Nam is important to Australia and both sides are both committed to further deepening ties through the Comprehensive Strategic Partnership. Australia is a steadfast, reliable, and trusted friend of Viet Nam, shared Bird./.

Viet Nam’s national reunification laid the groundwork for the remarkable development, including in its international friendships, noted Ambassador of the Kingdom of the Netherlands to Viet Nam Kees van Baar.

Viet Nam’s national reunification lays groundwork for remarkable development

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/23/amh-4365-3561-17453770428891353157967.jpg" alt="Gov't approves national strategy on waste prevention and control until 2035 - Ảnh 1."></figure>Permanent Deputy Prime Minister Nguyen Hoa Binh signed Decision No. 806/QD-TTg dated April 22, 2025 approving the National Strategy on waste prevention and control until 2035.The strategy targets to cut administrative procedures and compliance costs for people and businesses, with a goal to make Viet Nam among top 50 countries in the world and top three ASEAN countries in terms of e-government and digital economy by 2030.Preventive measures, supervision, inspection, examination, detection will be strengthened to deter wasteful behaviors.Issues and incidents that cause great waste and frustration in public opinion, creating strong influence must be resolved.Eight groups of specific tasksSpecifically, the strategy identifies eight groups of tasks and solutions to waste prevention and control:1. Completing policies and laws in the fields of socio-economic management and waste prevention and control;2. Building and streamlining the apparatus and building a contingent of effective and efficient cadres and civil servants;3. Effective managing and using resources, human resources, material resources, and enhancing sustainability; improving energy efficiency;4. Promoting administrative reform, with a focus on cutting administrative procedures and compliance costs for people and businesses;5. Resolving the long-standing problems of important national projects, key projects, low-efficiency projects, backlogs, prolonged causes of great loss and waste; weak commercial banks;6. Strengthening inspection, supervision, audit, investigation, and handling of waste cases;7. Raising awareness, promoting the role and responsibility of the Fatherland Front, organizations and people in preventing and combating waste;8. Strengthening the capacity of cadres and civil servants to carry out waste prevention and control work.On March 17, Prime Minister Pham Minh Chinh signed Directive No. 08/CT-TTg underscoring the importance of waste prevention and control.&nbsp;The Government also established the Steering Committee for Wastefulness Prevention and Control was established in December 2024. The body is in charge of assisting the Prime Minister in researching, directing, and addressing important inter-sectoral tasks related to prevention and control of wastefulness./.

The Government has approved the National Strategy on waste prevention and control until 2035 in a bid to unlock resources and boost economic growth.

Gov't approves national strategy on waste prevention and control until 2035

The event, directed by the Central Military Commission and the Ministry of National Defence, was broadcast live on Vietnam Television's VTV1 channel and relayed across various television channels.As a highlight of the commemorative activities, it vividly retraced the nation’s proud and heroic history, celebrating the monumental victory of the 1975 Spring Offensive, while highlighting the leadership role of the Communist Party of Vietnam and President Ho Chi Minh, the indomitable spirit of the Vietnamese people and armed forces, as well as the iconic image of “Uncle Ho’s soldiers” in the historic Ho Chi Minh campaign. The event sought to inspire patriotism, national pride, and an aspiration for national development in the new era.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/21/15/in_article/a120250421151944.jpg?rt=20250421152443" alt="Party chief attends grand art performance celebrating national reunification"></figure></td></tr><tr><td>Party General Secretary To lam, who is also Secretary of the Central Military Commission, attends the event. (Photo: VNA)</td></tr></tbody></table></figure>Performances unfolded across three acts, with the first demonstrating the years of division and the shared national efforts during wartime and the second capturing the spirit of solidarity and innovation in building a prosperous, socialist Vietnam in peacetime. The third act put on stage songs expressing the nation's ambition in a new era.The artistic spectacle featured a blend of music, dance, theatre, and large-scale live-action scenes, brought to life by over 1,000 performers. Participating artists hailed from military art troupes across Military Regions 1, 2, 5, 7, 9, the border guard, and the air defence – air force command. Among the prominent performers were People’s Artist Thanh Thuy, and renowned singers such as Cam Van, Tung Duong, Vu Thang Loi, and Do To Hoa.

Party General Secretary To lam, who is also Secretary of the Central Military Commission, attended a grand art performance programme held in Ho Chi Minh City in the evening of April 20 as part of nationwide celebrations marking the 50th anniversary of the liberation of the south and national reunification (April 30, 1975 – 2025).

Party chief attends grand art performance celebrating national reunification

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/20/21/tram-sac-xe-dien-288202420250420214321.jpg?rt=20250420214322" alt="At a VinFast charging station (Photo: VNA)"></figure></td></tr><tr><td>At a VinFast charging station (Photo: VNA)</td></tr></tbody></table></figure>According to the Vietnam Automobile Manufacturers’ Association (VAMA), electric car sales in Vietnam are estimated to reach nearly 90,000 units in 2024, 2.5 times higher than in 2023 and over 11 times higher than the 2022 figure. By 2030, Vietnam could see around 1 million EVs on the road, with the figure projected to rise to 3.5 million by 2040.To meet this surge in demand, the International Energy Agency (IEA) recommended Vietnam to build between 100,000 and 350,000 charging stations over the next 15 years, equivalent to one station for every 10 EVs.Currently, VinFast remains the only major player in developing a nationwide charging network. Other EV manufacturers face significant challenges in entering the Vietnamese market due to inadequate infrastructure. Several Chinese EV brands have recently pulled out, citing the lack of charging stations as a key reason.Nguyen Manh Thang, Director of Whatcar Vietnam, described charging infrastructure as a classic “chicken-and-egg” dilemma. Investment depends on demand, but people will not buy EVs unless they see enough charging stations, and companies will not invest without a clear user base, he said.According to Thang, consumer mindset also hurdles the green transition, as petrol vehicles are seen as more convenient than EVs which requires route planning around limited charging points.Experts further highlighted the absence of unified regulations for EV charging infrastructure. Vietnam currently lacks clear standards on site selection, technology, and safety protocols. As a result, each company operates independently, often with different electricity pricing schemes.To close these gaps, Dao Cong Quyet, Head of the Communications Subcommittee at VAMA, called for clearer legal regulations on electricity supply and charging standards.Quyet also stressed the need for government support beyond vehicle incentives, urging financial assistance for research, manufacturing, and the expansion of charging systems.Likewise, Thang also proposed incentives such as low-interest loans and grace periods to mitigate risks and attract more investment in charging infrastructure.Vietnam’s underdeveloped charging network remains a major bottleneck in the country’s EV journey. Experts suggested government agencies, automakers, and investors share the responsibilities. Beyond policy and planning, manufacturers must also innovate to make EV charging more convenient, efficient, and standardised nationwide./.

As the impacts of climate change and environmental pollution worsen, the Vietnamese Government is ramping up support for green transport, particularly electric vehicles. However, the rapid growth in EV adoption is outpacing the development of charging infrastructure.

Vietnam’s EV charging infrastructure key to green transition

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.On April 15th, Vietnam’s Deputy Prime Minister Bui Thanh Son signed off on the adjustments to the eighth national power development plan, covering the period 2021–2030 with a vision toward 2050, according to the government news portal.The plan emphasizes developing smart grids capable of integrating large-scale renewable energy sources. It also calls for strengthened grid interconnectivity with neighboring countries including China, Laos, and Cambodia to ensure power supply stability.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/17/18/anh-quy20250417185458.jpg?rt=20250417185459" alt="The revised eighth national power development plan sets the target of achieving a renewable electricity ratio (excluding hydropower) of 28-36% by 2030. Photo: VGP"></figure></td></tr><tr><td>The revised eighth national power development plan sets the target of achieving a renewable electricity ratio (excluding hydropower) of 28-36% by 2030. Photo: VGP</td></tr></tbody></table></figure>Energy production, renewable goals, and infrastructureAccording to the updated plan, electricity output is expected to exceed 560 billion kWh by 2030, with peak capacity reaching between 89,655 MW and nearly 100,000 MW. By 2050, the figures are projected to rise significantly, with electricity output ranging from 1,237.7 to 1,375.1 billion kWh, and peak capacity between 205,732 and 228,570 MW.One of the plan’s key pillars is the accelerated development of renewable energy—excluding hydropower. By 2030, renewables are projected to account for 28–36% of electricity generation, rising dramatically to 74–75% by 2050.The government also aims for 50% of office buildings and households to use rooftop solar for self-production and consumption by 2030.Vietnam is also setting its sights on becoming a regional energy exporter. Wind power capacity is expected to reach between 26,066 and 38,029 MW by 2030, with plans to export renewable electricity to Singapore, Malaysia, and other regional partners. By 2035, export capacity could hit 5,000–10,000 MW.Hydropower will continue to play a key role, with a targeted capacity of 33,294–34,667 MW by 2030, increasing to 40,624 MW by 2050. The government stresses that expansion will be balanced with environmental protection and resource sustainability.In addition to solar and wind, the plan promotes the use of biomass, waste-to-energy, geothermal, and other emerging renewable sources—both to support energy security and to address environmental concerns. These sources are expected to contribute 3,009–4,881 MW by 2030, and over 9,000 MW by 2050.Nuclear energy, fossil fuels, and investment strategyNotably, nuclear power is poised for a comeback. Between 2030 and 2035, Vietnam plans to bring two nuclear power plants—Ninh Thuận 1 and 2—online, with a combined capacity of 4,000–6,400 MW. By 2050, nuclear capacity could be expanded by an additional 8,000 MW.The revised plan also marks a major shift away from coal. No new coal-fired plants will be added, and existing facilities older than 20 years will be converted to run on biomass or ammonia. Plants over 40 years old will be decommissioned if conversion is not feasible.As for gas power, domestic gas will be prioritized, with imported LNG serving as a supplement when necessary. Over time, the sector will transition toward hydrogen as technology matures.Significant investment in battery storage is planned to ensure grid reliability as renewables expand. Storage capacity is expected to reach 10,000–16,300 MW by 2030 and soar to nearly 96,120 MW by 2050.The revised eighth national power development plan estimates total investment requirements of $136.3 billion for generation and transmission infrastructure between 2026 and 2030—an average of $27 billion per year, with 86% allocated to generation.From 2031 to 2050, a further $699 billion in investment will be needed, averaging $35 billion per year. The government acknowledges that breakthrough mechanisms and solutions will be essential to mobilize capital at this scale.Phu Quy

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Vietnam sets ambitious targets in revised national power development plan

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/16/16/go-120250416162322.jpg?rt=20250416162323" alt="Illustrative photo (Photo: vneconomy.vn)"></figure></td></tr><tr><td>Illustrative photo (Photo: vneconomy.vn)</td></tr></tbody></table></figure>Although Vietnam saw positive results in exports of wood and wooden products in first quarter of this year, breakthrough measures are needed for the country to overcome global economic headwinds and achieve the yearly export target of 18 billion USD.According to the Ministry of Agriculture and Environment, the export value of wood and wood products in March 2025 was estimated at 1.5 billion USD, bringing the total figure for the first quarter to 3.95 billion USD, an increase of 11.6% compared to the same period in 2024.The US remained the largest market for Vietnam's wood and wood products, accounting for 53.1% of the market share. It is followed by Japan and China with the respective market shares of 13.2% and 10.6%.Compared to the same period last year, the export value of wood and wood products in the first two months increased by 9.5% to the US and by 21% to Japan, while down 15.2% to China.Among the top 15 export markets, the highest growth was seen in India at 95.9% and the largest decline in the Netherlands at 45.1%.In 2025, the global political and economic situation is predicted to continue experiencing complicated fluctuations that will affect both domestic and international commodity markets.Therefore, despite some initial positive results, fulfiling the export target set for this year requires breakthrough solutions and concerted efforts from the business community.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/16/16/go-220250416162401.jpg?rt=20250416162401" alt="According to the Ministry of Agriculture and Environment, the export value of wood and wood products in March 2025 was estimated at 1.5 billion USD, bringing the total figure for the first quarter to 3.95 billion USD. (Photo; congthuong.vn)"></figure></td></tr><tr><td>According to the Ministry of Agriculture and Environment, the export value of wood and wood products in March 2025 was estimated at 1.5 billion USD, bringing the total figure for the first quarter to 3.95 billion USD. (Photo; congthuong.vn)</td></tr></tbody></table></figure>Nguyen Thanh Lam, CEO of Lam Viet Joint Stock Company, said that the US currently accounts for 50% of the company’s revenue. Regarding the US tariff policy, the firm pins high hope on the Vietnamese government’s negotiations, Lam said.“Everything is still normal. The company has received orders until the end of September," he noted.Additionally, the company has negotiated with partners to agree on sharing risks. It also eyes online exports to reduce intermediaries. In April, it plans to export three containers and sell on the e-commerce platform Amazon.Lam also noted that wood enterprises have been diversifying markets for many years, including the UK, EU, Australia, Japan, and are now looking toward the Middle East.Proactive adaptationOver the past time, Vietnam's wood processing industry has been establishing a strong position on the global trade map, not only due to impressive export figures but also its strong and sustainable development. From a country primarily exporting raw materials, Vietnam has become one of leading wood and furniture producers and suppliers worldwide.However, the wood industry faces significant challenges, such as the impacts of the COVID-19 pandemic and political tensions.To foster the development of the Vietnamese&nbsp;<a href="https://ven.congthuong.vn/breakthrough-measures-needed-for-18-billion-usd-wood-export-goal-57346.html#"> wood</a> industry, Vo Quang Ha, Chairman of Tan Vinh Cuu Joint Stock Company (Tavico), suggested that the industry adopt a new mindset to adapt to immediate difficulties.Pursuing both domestic and export markets in parallel and repositioning market strategies, products, and raw materials are essential at this time.Meanwhile, regulators should analyse the competitive advantages of each locality and identify the types of raw wood for different products.The forestry sector aims for wood and forestry product export value to reach 18 billion USD in 2025 and 25 billion USD by 2030. Notably, the sector aims to align its growth with green development by 2030, ensuring 100% of forest areas are certified for sustainable forest management and 20% of natural forests have quality improved.In processing and trading wood and forestry products, priority should be given to the use of modern and automated equipment to create high value-added products. Developing a high-quality workforce and upgrading facilities are also focused. Additionally, a wood trading centre will be developed to establish an international wood product trading hub and open market opportunities.Currently, regulations and guidelines have been fully issued by the Ministry of Agriculture and Rural Development (now the Ministry of Agriculture and Environment) to align with international regulations on wood, wood products, and non-timber forestry products, promoting green growth, low emissions, and environmental protection.Furthermore, the Vietnamese wood industry is standardising quality to meet international standards such as the Lacey Act (the US), the Illegal Logging Prohibition Act (Australia), Clean&nbsp;<a href="https://ven.congthuong.vn/breakthrough-measures-needed-for-18-billion-usd-wood-export-goal-57346.html#"> Wood</a> Act (Japan), Act on the Sustainable Use of Wood (the Republic of Korea), and EU regulations on deforestation. These efforts will not only help the industry develop but also contribute to emissions reduction and environmental protection goals.Wood enterprises are proactively adapting to the policies and mechanisms set by importing countries, such as the Carbon Border Adjustment Mechanism (CBAM) and the EU Deforestation Regulation (EUDR).On the other hand, companies are also increasing the use of renewable materials and promoting sustainable forest management to meet the growing trends of green development in export markets./.

According to the Ministry of Agriculture and Environment, the export value of&nbsp;<a href="https://ven.congthuong.vn/breakthrough-measures-needed-for-18-billion-usd-wood-export-goal-57346.html#"> wood</a> and wood products in March 2025 was estimated at 1.5 billion USD, bringing the total figure for the first quarter to 3.95 billion USD, an increase of 11.6% compared to the same period in 2024.

Breakthrough measures needed for 18 billion USD wood export goal

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/15/sat-1744691136640390303290.png" alt="Viet Nam, China sign cooperation documents on railway and road transport- Ảnh 1."></figure>The documents were inked within the framework of General Secretary of the Communist Party of China (CPC) Central Committee and President of China Xi Jinping's State visit to Viet Nam from April 14-15.In the railway sector, Vietnamese Minister of Construction Tran Hong Minh signed four documents, including:(1) A Memorandum of Understanding (MoU) between the Ministry of Construction of Viet Nam and the National Development and Reform Commission of China on the establishment of a Viet Nam–China Joint Railway Cooperation Committee to accelerate project implementation.(2) The minutes of the working session between the Ministry of Construction of Viet Nam and the China International Development Cooperation Agency (CIDCA) regarding field surveys and technical support for preparing a feasibility study report on the investment project for the Lao Cai–Ha Noi–Hai Phong railway line in Viet Nam.(3) An exchange letter on China's provision of technical support for planning a standard-gauge railway routes: Dong Dang–Ha Noi and Mong Cai–Ha Long–Hai Phong.(4) An exchange letter on China's provision of technical support for preparing a feasibility study report on the investment project for the Lao Cai–Ha Noi–Hai Phong standard-gauge rail line.These railway-related documents play a significant role in accelerating the preparation of railway projects connecting Viet Nam and China—an issue that has received great attention from the leaders of both Parties and Governments in recent times.For road transport, three documents were signed, including:(1) An agreement between the two governments on jointly developing a cross-border transportation project at the Thanh Thuy (Viet Nam)–Tianbao (China) international border gate area;(2) A protocol between the two governments on simplifying import and export procedures at the Thanh Thuy–Tianbao international border gate for personnel, vehicles, construction equipment, and building materials involved in the joint construction of the cross-border transportation project(3) A MoU on technical cooperation in road transport between Viet Nam's Ministry of Construction and China's Ministry of Transport.The two documents on the construction of cross-border transportation infrastructure will serve as an important legal foundation for Viet Nam's northern province of Ha Giang and China's Yunnan Province to implement investment and construction of a cross-border transport project at the Thanh Thuy–Tianbao international border gate area.It is expected to promote goods trade and meet the growing travel demand for local people at these two localities, in particular, and between the two nations, in general, via Thanh Thuy–Tianbao international border gate pair./.

Viet Nam and China have signed seven important cooperation documents in the fields of railway and road transport, contributing to promoting cooperation between the two countries in transportation.

Viet Nam, China sign cooperation documents on railway and road transport

Covering an area of more than 27,100 hectares, the zone has five main functional areas: a port area, an industrial area, a non-tariff area, an urban area, and a tourist site.According to the Hue city Economic and Industrial Zones Authority, the zone has mostly completed its main transportation routes and has a wastewater treatment system with a capacity of 10,000 cubic meters per day, along with a solid waste treatment site. In addition, the zone has fully developed infrastructure for four resettlement projects covering up to 125 hectares, with the capacity of accommodating approximately 3,000 households.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/11/23/in_article/lang-co20250411233459.jpg?rt=20250411233500" alt="Hue calls for investment in the Chan May – Lang Co Economic Zone"></figure></td></tr><tr><td>Dyke project in the Chan May port in Chan May-Lang Co Economic Zone. (Photo: VNA)</td></tr></tbody></table></figure>According to the city master plan, the Chan May – Lang Co Economic Zone is expected to be developed into a modern coastal urban area spanning 447 sq.km. The plan envisions a clean industrial and seaport urban area, a modern international trade hub, and a tourism, resort, and commercial urban area of international standards in the central key economic region, closely linked with Da Nang city. The focus will be on preparing infrastructure and technical facilities to meet the criteria of a tier-3 urban area, and upgrade it into a township or city from 2030 to 2045.Phan Quoc Son, Deputy Director of the municipal Department of Finance, said that the city is prioritising resources to complete synchronised infrastructure in economic and industrial parks. It will provide support and favourable conditions for investors to implement infrastructure development projects, and step up efforts to improve the investment and business environment, as well as attract investment.To reach a double-digit GRDP growth target for 2025, the city’s leaders have directed departments, sectors, and localities to implement key tasks set out from the beginning of the year. Accordingly, the city will continue to enhance the effectiveness of four task forces responsible for managing investment projects, with a focus on expediting procedures for them to break ground and become operational, as well as those that have completed investor selection and land-use fee collection within 2025.

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Hue calls for investment in the Chan May – Lang Co Economic Zone

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/10/noibai-1744273723487886779907.jpg" alt="Skytrax ranks Noi Bai and Da Nang among top 100 global airports in 2025- Ảnh 1."></figure>Ha Noi-based Noi Bai International AirportAccording to the list, Noi Bai ranked 76th, up 17 places compared to last year, while Da Nang stood at the 84th position, up 10 places.This marked the seventh time that Noi Bai airport has made it in Skytrax's list, from 2016 to 2020, in 2024 and in 2025.Noi Bai International Airport welcomed over 30 million passengers in 2024. It also recorded strong growth in international travelers in the first quarter of 2025, with the launch of several new international routes connecting Noi Bai with destinations around the world.Meanwhile, last year, Da Nang International Airport ensured security and safety for over 81,000 takeoff and landing flights, serving more than 13.4 million passengers—including 6.2 million international and 7.2 million domestic travelers—as well as handling over 34,000 tons of cargo.The World Airport Awards initially began in1999 when Skytrax launched its first global airport customer satisfaction survey. It is generally regarded as a quality benchmark for the world airport industry, assessing customer service and facilities across over 500 airports./.

Noi Bai International Airport in Ha Noi and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2025 by the UK–based aviation consultancy Skytrax.

Skytrax ranks Noi Bai and Da Nang among top 100 global airports in 2025

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/9/whd2025-toolkit-hinh-anh-0-1744168552584563105306.jpg" alt="WHO in Viet Nam calls for more action to save mothers and newborns- Ảnh 1."></figure>New figures just released show that far fewer women are dying during pregnancy or childbirth in Viet Nam. Deaths are estimated to have nearly halved in recent decades, from 88 women dying for every 100,000 babies born in the year 2000, to 48 deaths in 2023.Today, a baby born in Viet Nam has a much greater chance of surviving its first four weeks of life than ever before. In 2000, 15 babies were dying for every 1000 live births; by 2023, the rate had decreased by one third to 10 deaths.The theme for World Health Day this year is "Healthy beginnings, hopeful futures.""This theme reminds us that, when we prioritise the health of newborns and mothers, we ensure more hopeful futures for families, communities, society&nbsp;and the economy," WHO Representative in Viet Nam Dr Angela Pratt said."Viet Nam has made very impressive progress on safeguarding the lives of the youngest members of society and their mothers."This progress is due to better health care especially at grassroots level, vaccination, and improvements in nutrition, water and sanitation. It's also thanks to strong Government leadership, Ministry of Health guidance, health-care worker expertise and dedication at every level, close collaboration with other agencies and support from partners," she said. "WHO is proud to partner in these efforts."Investing in newborn and maternal health is not just the right thing to do, it also makes economic sense. Every US$ 1 invested can yield a return of up to US$ 20.In recent years, under the leadership of the Government, WHO has helped to: develop and deliver national policies and technical guidelines on maternal, newborn and child health; assess the quality of care and advise on strategies for continuous improvement; and support the implementation of early essential newborn care – a package of simple, cost-effective interventions which save lives."However, our work is not yet done," she said. "Pregnancy and childbirth should be a time of joy, but for too many families, it still ends in tragedy. The life of every mother and every newborn is precious. So, we must do everything possible to close remaining gaps in maternal and newborn care."There are still major differences in death rates between women and babies who live in urban areas and those who live in remote disadvantaged areas, where they struggle to access quality maternal health-care services. Death rates are higher in Viet Nam than WHO's Western Pacific Region as a whole, where on average 35 mothers die for every 100,000 births.To close the gaps, Viet Nam needs to continue to invest in improving access to quality care for all mothers and newborns, especially in remote highland, mountainous, and disadvantaged areas; improve the quality of care, by supporting ongoing training and upskilling of health-care workers, and establish mechanisms to monitor quality; ensure uninterrupted access to water, sanitation, soap, single-use towels or dryers, and cleaning supplies, as well as essential medicines and supplies; and harness technology – like digital health information systems – to improve quality and efficiency of care, and help give decision makers the data they need to make evidence-based decisions."Investing in mother and child health is not just about survival; it is about ensuring a bright and hopeful future for women and their children – and therefore a bright and hopeful future for Viet Nam," Dr Pratt said.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/4/9/dr-angela-pratt1-1744168829721911794962.jpg" alt="WHO in Viet Nam calls for more action to save mothers and newborns- Ảnh 2."></figure>WHO Representative in Viet Nam Dr Angela PrattMessages for the mothers, families&nbsp;and health-care workersFor a safe pregnancy and childbirth, and to give a baby a healthy start, WHO recommends women seek checks with a health professional as soon as they know they are pregnant. These checks monitor the mother's health, and the baby's development, and detect possible complications.&nbsp;During pregnancy, women should maintain a healthy lifestyle by avoiding alcohol and second-hand smoke, have the recommended vaccinations, manage any existing health conditions&nbsp;and seek medical care if they have any concerns.Pregnant women should seek immediate care if they experience abnormal signs such as vaginal bleeding; abdominal pain; blurred vision, sudden swelling, or persistent headache; changes in the baby's movements; or abdominal injuries. These are not always signs of something serious, but it is always best to get them checked.Immediately after the baby is born, health-care facilities should create a supportive environment for early essential newborn care, which includes immediate skin-to-skin contact between mother and child for at least 90 minutes, and exclusive breastfeeding. This promotes bonding and regulates the baby's temperature and heart rate. Women should also attend all of&nbsp;their postnatal appointments to monitor their recovery and address any concerns they have./.

As part of World Health Day 2025, the World Health Organization (WHO) is calling for accelerated action to ensure that every mother and every baby receives the care they deserve, said WHO Representative in Viet Nam Dr Angela Pratt.

WHO in Viet Nam calls for more action to save mothers and newborns

The Central Inspection Commission has just issued Instruction No. 15-HD/UBKTTW (Instruction 15), amending and supplementing Instruction No. 05-HD/UBKTTW dated November 22, 2022 of the Central Inspection Commission on implementing a number of articles in Regulation No. 69-QD/TW, dated July 6, 2022 of the Politburo on disciplining Party organizations and Party members who violate.Accordingly, Instruction 15 removes points 8.1, 8.2, Clause 8, Section III of Instruction 05. Clause 8, Section III of Instruction 05 stipulates disciplinary action against party members who violate population policy regulations.Previously, the Central Party Office sent a document to the Central Inspection Committee, the Government Party Committee, the National Assembly Party Committee, and the Ministry of Health Party Committee to notify the Politburo's opinion on the preliminary implementation of Resolution 21 on population work in the new situation and amending the regulations of the Party and State related to population policy.In particular, the Politburo assigned the Central Inspection Committee to advise and amend the regulations of the Central Executive Committee, the Politburo, the Secretariat related to handling violations of population policies and proactively amending Instruction No. 05 of the Central Inspection Committee in the direction of not disciplining cases of having a third child or more.Risk of labor shortagePreviously, experts recommended that disciplining Party members for having three or more children is no longer appropriate given Viet Nam's current low birth rate. The United Nations Population Fund (UNFPA) predicts that Viet Nam may become an aging country by 2036 and a super-aging society by 2049.According to the General Statistics Office, Viet Nam's population was estimated at 101.3 million people last year. Without timely intervention, within just ten years, Viet Nam will officially enter the ageing population stage, facing the risk of labor shortage in the future.Fertility rates are particularly low in big cities and industrial zones, where high child-rearing costs and work pressures cause many couples to delay or avoid having more children.The Ministry of Health (MoH) proposed each couple and individual should be empowered to decide on the number of children and the time of birth based on their circumstances. Additionally, the MoH also suggested extending maternity leave to seven months for women giving birth to a second child and providing support for renting and purchasing social housing.Viet Nam's total fertility rate is 1.91 children per woman which is below the replacement fertility rate of 2.1 children per woman and continues to decline./.

From March 20, 2025, civil servants and Party members having a third child or more will no longer be subjected to Party discipline, according to the Central Inspection Commission's guidelines (Instruction 15).

Party members permitted to have third child from March 20

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/24/17/singapore20250324171043.jpg?rt=20250324171044" alt="An overview of the working session on promoting cooperation between Singapore and Ca Mau Province, Vietnam. (Photo: Embassy of Singapore in Vietnam)"></figure></td></tr><tr><td>An overview of the working session on promoting cooperation between Singapore and Ca Mau Province, Vietnam. (Photo: Embassy of Singapore in Vietnam)</td></tr></tbody></table></figure>Despite a population of just over 6 million, Singapore is considered a beacon of economic and social development in Asia, marking its position as a prosperous nation with a strong economy and high living standards. In 2024, Singapore’s GDP growth reached 4.4%, the highest since emerging from the COVID-19 pandemic outbreak, far surpassing the 1.1% growth in 2023 and 3.8% in 2022. The Monetary Authority of Singapore (MAS) predicts that the country’s economy will continue its stable growth trajectory in 2025.Beyond its economic dynamism, Singapore is an active member of the international community, pursuing an independent and self-reliant foreign policy with a priority on economic development. It places great importance on relations with ASEAN countries and the bloc’s central role. As a founding member of ASEAN, Singapore continues to play a constructive role in fostering unity, cooperation, and development within the block. The country has been also maintaining strong relations with its neighbours, balancing its interactions with major powers, and advocating for a rules-based international order, peaceful dispute resolution, and multilateral trade systems.The more than five-decade-long journey of development between Vietnam and Singapore has yielded significant achievements. The two countries established diplomatic relations in 1973 and elevated their ties to a Strategic Partnership in 2013. Notably, during General Secretary To Lam’s official visit to Singapore from March 9 to 13, both sides agreed to upgrade their relations to a Comprehensive Strategic Partnership, ushering in a new phase with promising prospects for future bilateral cooperation.Among the various areas of cooperation, green economy and digital economy stand out as key pillars. Vietnam and Singapore established the Green Economy-Digital Economy Partnership in February 2023 and signed an agreement on renewable energy cooperation. Under this agreement, Vietnam will supply clean energy to Singapore, making a significant contribution to Singapore’s development.In the digital era, science, technology, and innovation are considered the main drivers of growth. According to the Vietnam News Agency, Professor Vu Minh Khuong from the Lee Kuan Yew School of Public Policy at the National University of Singapore noted that the digital economy is characterised by rapid development driven by technological advancements. He stressed that Vietnam has a vast pool of IT talent, and deepening cooperation with Singapore would provide substantial growth momentum for both countries.The regional media have also praised Vietnam-Singapore cooperation in the green and digital economies, recognising it as a model of successful ASEAN collaboration. Singapore-based OpenGov Asia highlighted the Green Economy-Digital Economy Partnership as a dynamic and promising cooperation that combines Singapore’s expertise in digital services and clean technology with Vietnam’s strengths in the energy and IT sectors. This synergy allows both countries to pursue long-term sustainable growth.Over the past half-century, the strong and friendly Vietnam-Singapore partnership has flourished in both breadth and depth. Amid rapid and complex regional and global changes, and in response to their respective development needs, both nations remain committed to strengthening their Comprehensive Strategic Partnership—an invaluable shared asset for their peoples.

The upgrading of relationship between Vietnam and Singapore to a Comprehensive Strategic Partnership in March 2025 has opened a new chapter in the history of bilateral relations. Amid global efforts to address challenges in digital transformation, the dynamic and effective cooperation between Vietnam and Singapore in the fields of green economy and digital economy not only benefits both countries but also stands out as a successful international partnership within ASEAN.

Vietnam, Singapore make efforts to enhance cooperation

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/22/pttg-1742611164173105115636.jpg" alt="Viet Nam, Luxembourg to sign MoU on cooperation in establishing international financial centers- Ảnh 1."></figure>Standing Deputy Prime Minister Nguyen Hoa Binh holds a working session with Luxembourg's Minister of Finance Gilles Roth, Luxembourg, March 21, 2025 - Photo: VGPThe agreement was reached by Standing Deputy Prime Minister Nguyen Hoa Binh and Luxembourg's Minister of Finance Gilles Roth during their working session in Luxembourg on March 21.Roth affirmed his strong desire to strengthen and deepen Viet Nam–Luxembourg relations, pledging to make utmost efforts and take concrete steps to support Viet Nam in establishing international financial centers.Viet Nam has a reliable financial infrastructure and a solid foundation for establishing international financial centers, he noted, adding that a financial center should be built on three key pillars, including the banking and insurance system; investment funds; and technology, including fintech, AI, digital assets, and tokenized assets.Nguyen, for his side, said the plan to establish international financial centers in Ho Chi Minh City and Da Nang is a crucial step that will create a significant boost in attracting resources and driving economic growth. Therefore, he expressed his hope that Luxembourg would share information and expertise on developing the legal infrastructure and regulatory framework for financial centers.The guest called on Luxembourg to support training and capacity-building for Viet Nam's workforce, help design policies to attract foreign investors to Viet Nam's financial centers, and encourage Luxembourg investors to do business in the Southeast Asian country and participate in its financial market.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/22/nghivien-174261122527768734813.jpg" alt="Viet Nam, Luxembourg to sign MoU on cooperation in establishing international financial centers- Ảnh 2."></figure>Standing Deputy Prime Minister Nguyen Hoa Binh (L) meets Vice President of the Chamber of Deputies Fernand Etgen, Luxembourg, March 21, 2025 - Photo: VGPThe same day, Nguyen had a meeting with Vice President of the Chamber of Deputies Fernand Etgen, during which the latter said Viet Nam is a remarkable success story with an attractive investment environment, a strong voice in multilateral forums, and a continuously improving quality of life for its people.Etgen expressed his confidence in the success of Viet Nam's international financial markets.Nguyen asserted that Viet Nam values and seeks to strengthen its comprehensive partnership and cooperation with the European Union (EU), including Luxembourg, a strategic partner in green finance.He underscored the importance of enhancing bilateral trade, as well as cooperation in science and technology, education and training, tourism, and people-to-people exchanges.The guest called on Luxembourg Parliament to support the Luxembourg government and businesses in sharing their experience with Viet Nam in establishing and operating financial centers, including key areas such as developing green, sustainable finance, and managing digital assets.Both sides also discussed regional and international issues of mutual concern. They shared the view that disputes should be resolved peacefully via diplomatic means and with respect for international law, while calling for de-escalation of tensions and an end to the use of force./

Viet Nam and Lurxembourg have agreed on the need to early sign a Memorandum of Understanding (MoU) on cooperation in establishing international financial centers in Viet Nam

Viet Nam, Luxembourg to sign MoU on cooperation in establishing international financial centers

BJC BIGC Group, one of the largest conglomerates in Thailand, operates across a diverse range of sectors, from upstream glass and aluminum can packaging to midstream consumer staple manufacturing, healthcare trading and downstream retail. Over the past decades, the group has continuously expanded its investments, leveraging its expertise and extensive experience to strengthen its presence in the Vietnamese market. With a total investment of more than $1 billion in Vietnam, BJC BIGC Group currently provides solutions in packaging, consumer goods, healthcare, technical services, and retail.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/20/16/in_article/vietnam-thailand-potential-to-strengthen-retail-sector-cooperation-20250320165720.jpg?rt=20250320165723" alt="A variety of high-quality products imported from Thailand are available at MM Mega Market to serve Vietnamese consumers"></figure></td></tr><tr><td>A variety of high-quality products imported from Thailand are available at MM Mega Market to serve Vietnamese consumers</td></tr></tbody></table></figure>In the retail sector, MM Mega Market (MM) is among the largest modern wholesale and retail chains in Vietnam. After more than 20 years of operation and growth, MM has expanded to 21 wholesale centers and supermarkets nationwide, along with 6 sourcing and distribution platform, 8 B2B food service depots, and 2 central warehouses. The company currently employs over 4,000 staff, collaborates with 1,500 suppliers, and partners with hundreds of local farmers across the country.After the meeting, Mr. Umesh Pandey visited the Vietnamese and Thai product sections at MM Mega Market An Phú, HCMC. "We have established a significant presence in Vietnam’s retail sector. With a population of nearly 100 million, the majority of whom are young, Vietnam is a promising market that we aim to tap into. When combined with Thailand’s population of nearly 70 million, the two countries together have a total of approximately 170 million people, accounting for about 25% of ASEAN’s population. With both nations making up nearly a quarter of the region’s population, we must seize this opportunity," Mr. Pandey said.He also pointed out that Thai companies excel in the retail sector, while Vietnamese enterprises are strong in production across various areas. "Let’s join hands, complement each other and take it further. Thai companies would continue to expand. We will explode further cooperation in every aspect of the retail industry. Going forward, from wholesale to retail, and even to the high-end market.”In the retail sector, Mr. Pandey stated that MM Mega Market is a good example of a Thai investor in the Vietnamese market. With strong financial backing, advanced technology, and a high-quality workforce from BJC BIGC Group Thailand, MM Mega Market is steadily expanding its investment and operations in Vietnam. In November 2024, MM Mega Market broke ground on its first mega-complex in Vietnam, featuring shops, restaurants, cinemas, cafés, and more, located in Da Nang, with a total investment of nearly $20 million. This initiative aligns with BJC BIGC’s strategic goal of expanding its distribution network to 56 stores by 2028, focusing on hypermarkets and food service operations.Since the beginning of this year, BJC BIGC Vietnam’s manufacturing and trading operations, combined with the strength of MM Mega Market, have aligned under a shared vision and management partnership. This collaboration aims to drive the next phase of success by providing comprehensive solutions to suppliers and local manufacturers while delivering greater value to customers in the Vietnam market.Currently, Vietnam’s exports to Thailand remain relatively modest, amounting to only half of Thailand’s exports to Vietnam. To create more opportunities for Vietnamese products, particularly agricultural goods, to access the Thai market more effectively, Mr. Umesh Pandey emphasized that Vietnamese and Thai goods share many similarities. While some products are competitive, there are also numerous opportunities for complementary trade between the two countries.“In terms of agricultural products, we can explore certain items that both countries produce but are currently in short supply in Thailand. If there is a shortage in Thailand while Vietnam has an excess supply, we could consider importing those products from Vietnam.”However, Mr. Pandey cautioned that businesses should avoid exporting raw or fresh agricultural products without added value. "When exporting agricultural products, there should always be value addition. By doing so, you not only enhance the product itself but also create value for the farmers selling it, the factories processing it, and the workers they employ. This process generates jobs and improves people’s lives."We will explore ways for both sides to complement each other. Our goal is not just to sell Thai products to the world, but also to bring high-quality goods from other countries, including Vietnam, into our own market," Mr. Umesh Pandey emphasized.Bảo Ngọc

As part of the Thailand Trade Representative’s visit to Vietnam, Mr. Umesh Pandey met with the management board of MM Mega Market Vietnam (MM), a strategic retail brand belonging to BJC BIGC Group – a leading Thai investor in Vietnam.

Vietnam, Thailand see potential for stronger cooperation in retail sector

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/19/bo-truong-bo-noi-vu-du-kien-hoan-thanh-sap-nhap-tinh-truoc-308-1742351015-1-1742370603759426338854.jpg" alt="Viet Nam plans to complete restructuring of localities by late August- Ảnh 1."></figure>Provincial mergers will be completed by August 30 - Illustration photoMinister Pham made the announcement at the first session of the Government's Steering Committee on Science, Technology, Innovation, Digital Transformation, and Project 06 in Ha Noi on March 18.At present, Viet Nam is devided into 63 provinces and centrally-run cities with 705 districts and 10,595 communes/wards, according to the Constitution.Last week, Prime Minister Pham Minh Chinh said the number of provinces and centrally-run cities will reduce by about 50 percent while the number of grassroots-level administrative units will reduce by 60-70 percent.Local administrations will be reorganized into two levels (provincial and grassroots levels) instead of current three levels (provincial, district and communal levels) to create a two-tier local governance system to ensure streamlined, efficient and effective operations./.

Viet Nam plans to complete the merger of communes/wards by June 30, and localities by August 30, said Minister of Home Affairs Pham Thi Thanh Tra.

Viet Nam plans to complete restructuring of localities by late August

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. <a href="https://api.iotcommunication.com.vn/document/IOT%20DA%20FIX_20250310040031.pdf">Corporate capability statement</a>

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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.