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Focusing on enhancing value for key local productsIn accordance with the provincial industrial promotion plan for 2025 approved by the Lao Cai Provincial People’s Committee under Document No. 79/KH-UBND, 7 rural industrial establishments will receive funding support to implement specific development initiatives.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/04/17/ven-5-lao-cai-120250604170351.png?rt=20250604170353" alt="Lao Cai races to complete final leg of 2021–2025 industrial promotion program"></figure></td></tr><tr><td>Carpentry and woodworking are among industries that Lao Cai 's industrial promotion programs prioritizes support for in 2025.</td></tr></tbody></table></figure>The document emphasizes encouraging and assisting organizations, individuals, and all economic sectors in investing in and expanding industrial and handicraft production. The overarching goal is to leverage local strengths, conserve resources, and especially enhance the added value and competitiveness of local products.The plan also targets rural industrial establishments in high-potential sectors with strong domestic and export market prospects, particularly in the processing of agricultural and forestry products, medicinal herbs, and handicrafts.This year, district-level industrial promotion in Lao Cai is tasked with supporting five rural industrial facilities across Lao Cai City, Bac Ha District, and Muong Khuong District through five individual projects.These include support for investment in woodworking machinery at Ly Seo So's facility in Bac Ha District; provision of agricultural processing equipment at Sung Pao's facility in Muong Khuong District; supply of mechanical processing machinery for Minh Linh Construction and Trading Co., Ltd. in Lao Cai City; assistance with mechanical production equipment for Nguyen Ngoc Thai’s facility in Lao Cai City; and installation of an automatic tea bag production line at the Agricultural Medicine and Green Technology Joint Stock Company, also based in Lao Cai City.The total budget for these activities is estimated at over VND 4.1 billion, of which more than VND 1.2 billion comes from industrial promotion funds, while nearly VND 2.9 billion is contributed by the participating businesses themselves. Currently, the Lao Cai Center for Industrial Promotion and Trade Promotion is working closely with local districts and rural facilities to implement the approved projects.Alongside these efforts, the Department of Industry and Trade of Lao Cai is also conducting a comprehensive review of the 2021–2025 industrial promotion programs to ensure that all objectives are met on schedule.Laying the groundwork for a new phase of growthLao Cai has set ambitious targets for its 2021–2025 industrial promotion program. The province aims to generate over VND 5.31 trillion in output from cottage industries, create more than 3,000 new jobs, and increase the average production scale of rural manufacturing facilities from VND 1.27 billion to over VND 2 billion per facility. The program also seeks to refine management processes and improve the capacity for executing industrial promotion activities.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/04/17/ven-5-lao-cai20250604170352.png?rt=20250604170630" alt="Lao Cai races to complete final leg of 2021–2025 industrial promotion program"></figure></td></tr><tr><td>Through the industrial promotion program, Lao Cai supports the development of production and consumption of rural industrial products. Photo: Thanh Minh</td></tr></tbody></table></figure>Three years into the implementation, Lao Cai has carried out 44 projects under the program, with a total support budget of more than VND 6 billion. The initiatives have focused primarily on vocational training, skills transfer, managerial capacity building for rural industries, adoption of advanced machinery, and the development of signature rural industrial products.Initial assessments show that the program has effectively supported rural industrial enterprises and production facilities across the province, contributing to increased productivity, revenue, and employment. The outcomes so far suggest that the program is largely on track to meet its objectives.However, like many other mountainous provinces, Lao Cai faces certain challenges. Funding levels for industrial promotion remain relatively modest. There is also no unified software system for building a database on rural industrial development and product tracking. Furthermore, budget decentralization between provincial and district levels complicates implementation. Many districts still struggle to allocate the necessary funds to disburse support for the industrial promotion projects assigned by the province.These limitations have affected the overall effectiveness and progress of the province’s five-year industrial promotion plan. In the immediate term, Lao Cai is taking a proactive and flexible approach to ensure that funding-approved projects for 2025 are implemented and completed as planned.In the long run, the provincial Department of Industry and Trade will continue to advise the People's Committee on policy formulation to foster the industrial sector’s growth. The department will also coordinate with other provincial trade departments in the region to focus on developing key projects, value chain-based programs, and industrial cluster linkages. A close integration between industrial promotion efforts and trade promotion activities—including domestic and international trade fairs—will be emphasized, serving as a bridge to connect businesses and help build strong product branding.Hai Linh - Phu Quy

As 2025 marks the final year of the 2021–2025 industrial promotion program, Lao Cai’s Department of Industry and Trade is making a concerted push not only to fulfill this year’s targets ahead of schedule but also to review and align ongoing plans to ensure the entire program concludes with optimal results.

Lao Cai races to complete final leg of 2021–2025 industrial promotion program

According to the provincial Department of Statistics, Nam Dinh’s Index of Industrial Production (IIP) rose by 34.51% year-on-year in May 2025 and climbed 4.55% compared to April. Cumulatively for the first five months, the IIP surged by 29.16% year-on-year, reflecting a strong and stable industrial rebound in the locality.Compared to the previous month, the mining sector registered the highest growth at 90.68%, followed by manufacturing at 4.43%; electricity, gas, steam, and air conditioning supply at 15.01%; and water supply, waste and wastewater treatment at 5.50%.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/03/15/cong-nghiep-nam-dinh20250603154602.jpg?rt=20250603154603" alt="Double-Digit Industrial Growth Continues in Nam Dinh"></figure></td></tr><tr><td>Double-Digit Industrial Growth Continues in Nam Dinh</td></tr></tbody></table></figure>The manufacturing and processing sector, the main driver of provincial industry, recorded a 29.56% increase, contributing 28.86 percentage points to overall industrial growth. Electricity and gas supply rose 7.08%, adding 0.17 points; water supply and waste treatment expanded 17.81%, contributing 0.26 points. In contrast, the mining industry contracted by 34.66%, subtracting 0.13 percentage points from overall growth.Several level-two industrial sectors experienced significant growth over the five-month period: motor vehicle manufacturing rose by 40.26%; metal production increased 19.73%; paper and paper product manufacturing climbed 19.49%; food processing rose 17.12%; textiles expanded 16.58%; garment manufacturing increased 9.61%; and furniture production grew 9.11%.Conversely, some industries saw declines, including beverage production (down 38.98%); printing and reproduction of recorded media (down 8.76%); leather and related products (down 2.85%); and machinery repair, maintenance, and installation (down 1.68%).In May alone, the consumption index of the manufacturing and processing sector increased by 5.09% compared to April. Over five months, the index more than tripled year-on-year, driven by a strong recovery in textile consumption, up more than nine times, along with a 14.71% increase in garment consumption and a more than twofold rise in furniture sales.According to Nam Dinh’s Statistics Sub-Department, state budget capital managed by local authorities was estimated at VND 785 billion in May 2025, up 40.5% year-on-year.Of this, provincial-level capital accounted for the bulk at VND 747 billion, up 43.8%; district-level funding reached VND 24 billion, up 11.1%; while commune-level disbursement declined by 21.2% to VND 14 billion.In the year to date, public investment disbursement reached VND 3.222 trillion, equivalent to 24.6% of the annual plan and up 20.1% compared to the same period last year. Notably, provincial-level investment saw the strongest growth at 22.8%, while commune-level disbursement dropped sharply by 31.0%.As for foreign direct investment (FDI), as of May 25, 2025, Nam Dinh had approved and adjusted capital for 15 FDI projects, with a total registered capital of USD 237.4 million. This includes nine newly licensed projects worth USD 124.2 million, underscoring the province’s continued efforts to enhance the investment climate and attract foreign capital inflows.Le An

Nam Dinh province's industrial production continued to post robust growth in the first five months of 2025, with a remarkable double-digit increase signaling sustained recovery momentum.

Nam Dinh’s industrial production expands 29.16% in first five months of 2025

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/30/ttg-17485706269581060602132.jpg" alt="Viet Nam launches US$19 bln credit package to speed up digital transformation - Ảnh 1."></figure>Prime Minister Pham Minh Chinh addresses the Digital Transformation Day of the banking sector in 2025 and attends the launching ceremony of a VND 500 trillion (US$19.23 billion) credit program for science, technology, innovation, digital transformation, and strategic infrastructure development, Ha Noi, May 29, 2025 - Photo: VGPThe event saw the participation of Prime Minister Pham Minh Chinh and Governor of the State Bank of Viet Nam Nguyen Thi Hong.The program aims to support businesses and people in carrying out projects in the fields of science, technology, innovation, digital transformation, and strategic infrastructure.Speaking at the event, the Prime Minister expressed his hope that the interest rate of this program would be at least 1.5 percent lower than the medium- and long-term interest rates.It is vital to encourage people and businesses to acquire loans from this program, bringing it into real life and ensuring that the capital flows into the economy, told Pham.For small, medium, micro enterprises and the existing 5 million household businesses, Pham urged relevant agencies need to study and consider appropriate support measures, such as support through public-private partnerships, to enable the use of e-invoices generated from point-of-sale systems. This would promote digital transformation, help businesses and household enterprises grow, contribute fairly to the state budget, and prevent tax losses, especially in sectors like food and beverage, and services, emphasized the Prime Minister.At the Digital Transformation Day of the banking sector in 2025, Prime Minister Pham underlined the need to improve the legal framework, mechanisms, and policies to align with practical realities.It is necessary to develop modern digital infrastructure and platforms that ensure system security, safety, and high interoperability, he noted, adding that the banking sector should diversify and personalize digital banking products and services to enhance convenience and user experience.Pham called for developing digital data resources, integrating with Project 06 to create momentum for digital transformation in the banking sector while prioritizing the development of human resources to meet the transformation needs of the banking industry.He also stressed the necessity of intensifying widespread communication efforts to raise public and business awareness about the benefits of digital transformation in the banking sector.Cashless payment activities have been widely implemented and have made remarkable progress. The percentage of adults with a payment account has reached 87 percent, surpassing the 2025 target of 80 percent. In 2024, the total value of cashless payments exceeded VND295 quadrillion (or US$11.35 trillion), equivalent to 25 times the GDP.Around 80 percent of retirees and recipients of social insurance and unemployment benefits in urban areas receive payments through bank accounts.The payment infrastructure has been consistently maintained to ensure smooth, continuous, and secure operations, with no incidents or disruptions. Cross-border retail payment connections have been established with Thailand, Cambodia, and Laos, and are currently being developed with China and South Korea./.

The launching ceremony of a VND 500 trillion (US$19.23 billion) credit program for science, technology, innovation, digital transformation, and strategic infrastructure development was held in Ha Noi on May 29.

Viet Nam launches US$19 bln credit package to speed up digital transformation

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/download (6)_20250529034406.jpg"></figure>Accordingly, the restructuring of commune-level administrations must be completed prior to July 15, 2025.The restructuring of provincial-level administrations must be completed prior to August 15, 2025.Viet Nam has decided to merge dozens of provinces and cities to reduce the number of localities from 63 to 34; dissolve district-level administrations; and merge communes to reduce to the number of communes nationwide from 10,035 to just over 3,320.The above move is part of the Politburo's plan to overhaul the political system to make it more effective and efficient and to save budget for development investment./.

The reorganization at the commune level must be finalized by July 15, while the reorganization at the provincial level must be completed by August 15, according to the Politburo’s conclusion issued on May 25.

Reorganization at provincial level must be completed by August 15: Politburo

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/26/49985109511535338401447285597917581401339815n-17482277105301279269954.jpg" alt="President Macron takes night stroll around Hoan Kiem Lake- Ảnh 1."></figure>French President Emmanuel Macron and his spouse Brigitte Macron take a night stroll around Hoan Kiem Lake, May 25, 2025The President Macron is on state visit to Viet Nam until May 27 at the invitation of his Vietnamese counterpart Luong Cuong.Macron's entourage include Minister of the Economy, Finance, and Industrial and Digital Sovereignty Eric Lombard, Minister of the Armed Forces Sebastien Lecornu, Minister of Culture Rachida Dati, Minister attached to the Minister for the Interior François-Noël Buffet, Minister of State for Francophonie and International Partnerships attached to the Minister for Europe and Foreign Affairs Thani Mohamed Soilihi, and French Ambassador to Vietnam Olivier Brochet.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/26/50012450011535338801447244066397632968902934n-1748227710542854478957.jpg" alt="President Macron takes night stroll around Hoan Kiem Lake- Ảnh 2."></figure>President Emmanuel Macron, accompanied by Vietnamese Ambassador to France Dinh Toan Thang, learns about a preserved specimen of the Hoan Kiem turtle, a creature deeply connected to the legend of King Le Thai To (974–1028) and the magical sword.French Ambassador Olivier Brochet said the visit aims to foster the bilateral Comprehensive Strategic Partnership in the fields of politics, economy, scientific research, education, culture, national defense, and pressing global challenges like climate change.The visit, the first leg of President Macron's Southeast Asia tour that includes Indonesia and Singapore, is part of France's Indo-Pacific Strategy, launched in 2018 to strengthen ties with regional partners.It follows a trip to France eight months ago by General Secretary To Lam, signaling robust progress in the bilateral relations and the solid framework of cooperation that the two countries have built together, Brochet told the press./.

President of France Emmanuel Macron and his spouse Brigitte Macron took a night stroll around Hoan Kiem Lake and visited Ngoc Son Temple shortly after arriving in Ha Noi on May 25.

President Macron takes night stroll around Hoan Kiem Lake

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/24/hoaky-17480522071561914971861.png" alt="Trade minister meets U.S. Secretary of Commerce Howard Lutnick - Ảnh 1."></figure>Minister of Industry and Trade Nguyen Hong Dien (R) meets with U.S. Secretary of Commerce Howard Lutnick, Washington D.C, the U.S., May 22, 2025Nguyen reiterated that Viet Nam has huge and stable demand for U.S. products, equipment, and services, particularly in high technology and energy sectors.Viet Nam is committed to promoting a transparent and healthy trade environment and stands ready to strengthen cooperation with the U.S. in combating trade fraud, origin fraud, and illegal transshipment, asserted the Vietnamese minister.With the goal of becoming a high-income developed country by 2035, Viet Nam identifies the U.S. as one of its leading strategic partners and seeks to enhance economic and trade relations towards a balanced, sustainable, and mutually beneficial manner.He called on the U.S. to work together with Viet Nam to resolve existing issues in economic and trade relations, soon recognize the Southeast Asian nation as a market economy, and remove Viet Nam from the D1 and D3 lists that restrict the export of high-tech products to bring practical benefits to both countries and improve the trade balance in a fair, harmonious, and sustainable direction, told the minister.For his part, Lutnick hailed Viet Nam's efforts and goodwill in the negotiations on a bilateral reciprocal trade agreement, welcoming the two countries to foster stronger ties in high-tech sectors and areas with high added value.Viet Nam is an important and attractive market for U.S. businesses, noted the host, expressing his hope that the Southeast Asian nation would continue to facilitate U.S. investment projects to expand two-way trade, especially increasing imports of goods from the U.S.Both sides shared the view that Viet Nam and the U.S. are highly complementary economies and have great potential for further cooperation.The two sides vowed to continue promoting technical dialogue and maintaining high-level exchanges to soon achieve substantive progress in the negotiations, aiming to build a stable and long-term economic and trade cooperation framework./.

Minister of Industry and Trade Nguyen Hong Dien had a working session with U.S. Secretary of Commerce Howard Lutnick in Washington D.C., the U.S., on May 22.

Trade minister meets U.S. Secretary of Commerce Howard Lutnick

Vietnam’s investment climate attracting global giantsOn the afternoon of May 21, in Hung Yen Province, Prime Minister Pham Minh Chinh attended the groundbreaking ceremony for the Khoai Chau urban, eco-tourism, and golf complex, officially known as the Trump International Hung Yen project.Speaking at the event, PM Chinh said the project holds significant meaning in deepening and enhancing the effectiveness of the Vietnam–US Comprehensive Strategic Partnership. It also reaffirms the trust of international investors, including Americans, in Vietnam’s business environment.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/22/11/pm-chinh20250522113856.png?rt=20250522114119" alt="The Prime Minister emphasized that the project holds significant importance in deepening and enhancing the substance and effectiveness of Vietnam–US relations. Photo: VGP"></figure></td></tr><tr><td>The Prime Minister emphasized that the project holds significant importance in deepening and enhancing the substance and effectiveness of Vietnam–US relations. Photo: VGP</td></tr></tbody></table></figure>He noted that the project would contribute to the rapid and sustainable development of Hung Yen and Vietnam, in line with global standards — green, clean, and beautiful. It is expected to enhance the branding of Hung Yen Province and Vietnam as a whole, facilitate the transfer of advanced management technologies, and create jobs and livelihoods for local communities.According to the Prime Minister, major US corporations such as Intel, Nike, Apple, Boeing, and Nvidia, and now the Trump Organization, have been expanding their investments in Vietnam, a reflection of their growing trust in the country's business environment.He also recalled that during his first term in office, US President Donald Trump visited Vietnam twice, leaving behind lasting impressions and goodwill. The Vietnam–US Comprehensive Strategic Partnership continues to grow positively, contributing to regional and global peace, cooperation, and development. Vietnam, he added, looks forward to welcoming President Trump again in the future.The PM welcomed the presence of Trump Organization's executive vice president Eric Trump and his spouse at the groundbreaking ceremony, describing it as an encouraging sign for the project.PM Chinh expressed hope that the project would be completed on schedule in just over two years, in time to celebrate Vietnam's hosting of the APEC Summit in 2027. He called on Hung Yen authorities and relevant ministries to closely coordinate efforts to ensure the project's progress and quality.“There is still a vast amount of work to be done, from site clearance of nearly 1,000 hectares to design, construction, and meeting stringent technical, environmental, and labor safety standards”, PM Chinh stressed.The Prime Minister also urged local communities to support the project and offer land for the greater good of their province. “Authorities at all levels must ensure proper resettlement and livelihoods for affected residents. New homes must be better than the old ones”, he said.Eric Trump: “This project will be the envy of the region and the world”Representing the investor, Eric Trump, executive vice president of the Trump Organization, expressed his pride in bringing the Trump brand to Vietnam.“Vietnam is one of the most dynamic and promising markets in the world today. This project is a commitment to excellence, a symbol that celebrates culture, and a lasting legacy for the future”, he said.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/22/11/pm-chinh320250522113901.png?rt=20250522114302" alt="Executive Vice President of the Trump Organization, described Vietnam as one of the most dynamic and promising markets in the world today."></figure></td></tr><tr><td>Eric Trump, Executive Vice President of the Trump Organization, described Vietnam as one of the most dynamic and promising markets in the world. Photo: VGP</td></tr></tbody></table></figure>Eric Trump reaffirmed that the investors are committed to completing the project within just over two years, with the goal of building the most prestigious and highest-quality golf course in the world — a development that, in his words, “the entire region and even the world will envy".Chairman of the Hung Yen Provincial People’s Committee Tran Quoc Van, welcomed the Trump Organization’s decision to invest in the province, describing it as a reflection of Hung Yen’s favorable investment climate, strong potential, and strategic location.He pledged that local authorities would fully support the investor in site clearance, provide maximum assistance with administrative procedures, and work hand-in-hand with the Trump Organization to promptly address any challenges that arise to ensure the project is completed as scheduled.<figure class="table"><table><tbody><tr><td>According to the master plan, the project will comprise four subdivisions, an eco-residential area integrated with a premium golf course (designed for a population of 3,500), an eco-residential area adjacent to an ecological golf course (1,800 people), a commercial-service urban zone (29,700 people), and a designated green space featuring thematic parks.The golf component spans over 240 hectares and includes a total of 54 holes, divided into a 36-hole course and an 18-hole course. Additionally, the project allocates 7.3 hectares for the development of social housing and 99 hectares for a specialized theme park area.</td></tr></tbody></table></figure>Le An

Prime Minister Pham Minh Chinh emphasized that the Trump International Hung Yen project is a testament to the confidence foreign investors, particularly those from the United States, place in Vietnam.

Trump International Hung Yen Project reflects US investors' confidence in Vietnam: PM

Of the figure, remittances through remittance companies amounted to nearly 1.76 billion USD, while commercial banks received 655 million USD, according to Deputy Director of the State Bank of Vietnam's Region 2 Branch Nguyen Duc Lenh.Remittances to the city from Asia continued to make up the largest share, 48.7%, up 46.1% from the previous quarter.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/21/17/in_article/ngoai-te-18072420250421174305.jpg?rt=20250421174306" alt="Remittances to HCM City reach over 2.41 billion USD in first quarter"></figure></td></tr><tr><td>Illustrative photo (Photo: VNA)</td></tr></tbody></table></figure>Analysing the remittance situation in Ho Chi Minh City, Lenh stated that there were positive factors for increasing remittances, such as the effectiveness of monetary and foreign exchange policy mechanisms, a stable investment and business environment, and the development of the labour market.Additionally, remittance companies and commercial banks provided high-quality services that create convenience for remittance recipients.In 2024, remittances to HCM City amounted to 9.55 billion USD, up 0.9% from 2023, with Asia and America holding the largest shares, together accounting for 82.2% of the total.Compared to 2023, remittances from Asia increased by 2.5%; from America by 7.4%; and from Oceania by 8.7%. Conversely, those from Europe and Africa decreased by 23% and 33%, respectively.Source: en.vietnamplus.vn

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

Remittances to HCM City reach over 2.41 billion USD in first quarter

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/19/du-lich-ha-noi-thang-8-6-1-1747646661822878582053.jpg" alt="Ha Noi ranks 9th among world’s 50 best cities to visit in 2025: Time Out- Ảnh 1."></figure>Illustration photoThe magazine highlights the city's rich cultural heritage, world-class cuisine, affordable prices, and strong sense of community as key reasons for its inclusion.Time Out published its list of the 50 best cities to visit globally in 2025, with four Southeast Asian cities making the cut: Thailand, Indonesia, Singapore, and Viet Nam.Ha Noi stands out for being the heart of Vietnamese culture for thousands of years. The Old Quarter, which surrounds the historic Hoan Kiem Lake, is not just a center for food but also for architecture. Visitors can explore the majestic Opera House and a church inspired by Notre Dame, while discovering hidden cafes tucked away in alleyways or perched atop centuries-old buildings.A key feature of Ha Noi that Time Out points out is its temperate climate, with four distinct seasons, unlike the typical tropical climate found elsewhere in Viet Nam.The magazine also recognizes Ha Noi's growing reputation as a high-end culinary destination.The top five cities in this year's ranking, in order, are Cape Town (South Africa), Bangkok (Thailand), New York (the U.S.), London (the UK), and New Orleans (the U.S.).Time Out surveyed over 18,500 city-dwellers and consulted 100 experts./.

Ha Noi was ranked 9th among the world’s top 50 cities to visit in 2025 by the renowned UK-based travel magazine Time Out.

Ha Noi ranks 9th among world’s 50 best cities to visit in 2025: Time Out

<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

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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

<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.