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&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>

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<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/06/16/620250306161129.jpg?rt=20250306161130" alt="Petrol prices go down in latest adjustment"></figure></td></tr></tbody></table></figure>Accordingly, the price of E5 RON92 decreased by VND690 to VND19,960 per litre, while that of RON95-III, the commonly used petrol, dropped by VND710 to no more than VND20,400 per litre.The prices of diesel oil 0.05S and kerosene were capped at VND18,330 and VND18,570 per litre, down VND620 and VND760 per litre, respectively.Meanwhile, mazut oil 180CST 3.5S was sold at no more than VND17,150 per kilogramme, representing a decrease of VND460.In the latest price adjustment cycle, the two ministries decided not to make use of the petrol and oil price stabilisation fund.So far this year, petrol prices have undergone a total of 10 adjustments, including 5 rises and 5 declines of RON95-III petrol, and 6 rises and 4 declines of E5 RON 92 petrol.Also, oil prices have experienced 6 times up and 4 times down.Petrol and oil prices over the past week have fluctuated due to OPEC+'s decision to increase crude oil output in April, the US' impose of new tariffs on goods from Mexico, Canada, China and retaliation from these countries, resulting in a fall in oil prices, according to experts.

The prices of petrol and oil have been adjusted down by VND760 per litre at maximum following the latest joint adjustment by the Ministry of Finance and the Ministry of Industry and Trade as of 3 p.m. on March 6.

Petrol prices go down in latest adjustment

Actively pouring capital“In 2025, based on continuously improving the efficiency of management and operations across all activities, VietinBank will promote the sustainable expansion of its operations, focusing on customer groups in potential areas. The credit growth rate is expected to be maintained at 15-16% compared to 2024, while ensuring debt quality control and operational efficiency,” a representative from VietinBank affirmed.Meanwhile, Agribank’s General Director Pham Toan Vuong stated that Agribank will continue to fully provide credit products to customers, with a target of increasing outstanding loans by approximately 200 trillion VND in 2025, equivalent to a 13% growth rate.Similarly, in 2025, MB aims for a 26% credit growth, expecting to exceed VND 1 quadrillion in outstanding loans. According to MB’s General Director Pham Nhu Anh, the bank will allocate at least 50% of its credit growth limit to the retail and small and medium-sized enterprise (SME) segments, while the remaining portion will focus on large enterprises. MB also plans to expand its market share, shift towards retail banking, enhance digital transformation, strengthen risk management, quantify risks, and comprehensively implement ESG principles.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/04/17/in_article/mo-rong-quy-mo-tin-dung-ho-tro-tang-truong20250304172846.png?rt=20250304172846" alt="Expanding credit scale to support economic growth"></figure></td></tr><tr><td>Credit growth in early 2025 has shown positive signs compared to the same period last year</td></tr></tbody></table></figure>Credit growth in early 2025 has shown more positive signs compared to the same period last year. According to the latest report from SBV, as of February 3, 2025, total outstanding credit in the system reached 15.65 quadrillion VND, an increase of 0.19% compared to 2024, which is a notable improvement over the same period in 2024 (when it declined by 0.6%).Separate mechanism needed2025 marks the second year that SBV has assigned credit growth targets to banks at the beginning of the year. According to SBV Standing Deputy Governor Dao Minh Tu, an average credit growth of more than 2% contributes to a 1% increase in GDP. In 2025, SBV aims for a credit growth rate of approximately 16% to support an 8% economic growth target. However, if GDP growth reaches 10%, credit growth must be between 18-20%, which means the banking sector would need to inject an additional 2.8 to 3.1 quadrillion VND into the economy.SBV Governor Nguyen Thi Hong emphasised that the entire banking sector is fully aware that 2025 is a year of acceleration and breakthrough. The key challenge is how to drive economic growth to 8% or higher while keeping inflation under control. The banking sector is committed to making the highest effort and taking full responsibility in implementing suitable policies. According to the governor, credit growth plays an essential role in ensuring economic acceleration and breakthroughs.The SBV has set a credit growth target of around 16% in 2025, with adjustments based on actual economic conditions. "SBV will closely monitor developments; if inflation remains low, we will consider increasing this target, and vice versa. Credit policies will also focus on key economic growth drivers, including consumer credit and loans for small and medium-sized enterprises," said SBV Governor Nguyen Thi Hong.However, boosting credit requires not only efforts from the banking sector but also coordination and support from various ministries and agencies. For instance, in the case of social housing credit, Governor Nguyen Thi Hong stressed the need for multiple funding sources, particularly from the state budget. "In recent times, the banking system has demonstrated great responsibility and humanitarian spirit by voluntarily reducing lending rates. However, the implementation has faced many challenges. To resolve these issues and promote social housing credit, SBV hopes that the Ministry of Construction will collaborate with local authorities to conduct a comprehensive assessment of housing demand — including ownership, rentals, and purchases — so that bank credit can be directed effectively," the governor added.Additionally, according to Agribank CEO Pham Toan Vuong, with the banking sector's credit growth target set at approximately 16% for 2025, SBV has assigned Agribank a credit growth quota of nearly 13%, equivalent to an increase of over 200 trillion VND. If annual outstanding loans increase by VND 200 trillion, Agribank would need to supplement its capital base by VND 15-17 trillion. Therefore, the CEO proposed that the NA and the Government consider a special mechanism for state-owned commercial banks, including allocating additional charter capital from Agribank’s annual retained earnings — at least 10 trillion VND per year — starting in 2025. This would enable Agribank to fulfil its assigned political tasks and contribute to achieving the projected double-digit GDP growth for the 2026-2030 period.Meanwhile, Nguyen Thi Phuong Thao, Founder and Permanent Vice Chairwoman of HDBank, suggested that the Government promote capital market development to reduce reliance on bank credit and support long-term growth. Additionally, she proposed timely and proactive support from the Government and SBV in the restructuring process of DongA Bank under the compulsory transfer plan. This would help accelerate its recovery, enhance credit supply, and improve banking services for businesses and individuals.<figure class="table"><table><tbody><tr><td>Boosting credit requires not only efforts from the banking sector but also coordination and support from various ministries and agencies. For instance, in the case of social housing credit, Governor Nguyen Thi Hong stressed the need for multiple funding sources, particularly from the state budget.</td></tr></tbody></table></figure>

According to data from the State Bank of Vietnam (SBV), the total credit scale of the economy reached over 15.6 quadrillion VND in 2024, an increase of more than 15% compared to the end of 2023. Commercial banks played a significant role in providing credit to the economy, accounting for approximately 92.6% of the total outstanding credit in the system.

Expanding credit scale to support economic growth

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/3/img8632-1740915169448918406733-17409794993171179532360.jpg" alt="Must-win battles for Viet Nam to make economic miracle- Ảnh 1."></figure>Chairman of the European Chamber of Commerce in Viet Nam (EuroCham) Bruno JaspaertThe Chairman made the suggestions during a recent dialogue of the European business community with Vietnamese Prime Minister Pham Minh Chinh held yesterday in Ha Noi.He said that Europe and Viet Nam have fostered strong ties since the establishment of diplomatic relations in 1990, and the progress Viet Nam has achieved since then is truly remarkable."Over the past eight years living in Hai Phong, I have witnessed first-hand how this once-quaint river port town has transformed into a key logistics and manufacturing hub for the north – just one example of Viet Nam's broader economic transformation," Bruno Jaspaert said.Four must-win battlesEuropean businesses are honored to contribute to this success, but there is potential to do even more, the Chairman said.In order to attract more European investors, we believe it is necessary to highlight some must win battles for the future ahead.&nbsp;Firstly, Bruno Jaspaert suggested the Government strengthen the legal framework – The foundation for sustainable growth.The Chairman recalled Typhoon Yagi, the strongest storm to hit Viet Nam in three decades last year. However, no houses in Hai Phong collapsed."The reason why they kept standing is because they were built on solid foundations. The same applies to this country of yours," he added.The foundations of any state and economy are its laws. All investors crave stability and transparency, especially regarding the laws governing and impacting their business.&nbsp;For that reason alone, it is crucial that Viet Nam establish a transparent and stable legal framework to become a top investment destination. If we get the foundations right, building a house becomes much easier.Secondly, Bruno Jaspaert proposed the Government reduce trade barriers.&nbsp;The EVFTA has already implemented tariff reductions for bilateral trade. However, domestic taxes and technical trade barriers should not be used to offset the benefits of these agreements.Thirdly, the Chairman also underlined the importance of elevating national branding. Greater investment is needed to promote Viet Nam not only as a premier tourist destination but also as a thriving hub for international business.&nbsp;Over the past years, Viet Nam has demonstrated remarkable economic growth, surpassing expert projections with GDP growth exceeding 7 percent last year.He was convinced that the Year of the Snake will bring further opportunities. "We must enhance visibility to attract more European companies," he said.Europe has a strong tradition of dynamic, family-owned SMEs, and we aim to establish a Viet Nam Connect program to encourage these businesses to choose Viet Nam as their next home.Fourth, the Chairman also took the occasion to enable Viet Nam to enhance foreign Investment appeal.Since 2011, EuroCham has published the quarterly Business Confidence Index (BCI) to assess business sentiment on Viet Nam's economic outlook.In our latest BCI report, three in every four European businesses (75 percent) recommended Viet Nam as an investment destination.Despite geopolitical situations, more than 70 percent of European businesses are expressing their confidence in Viet Nam and plan to expand their footprint investment and production here.However, to further enhance Viet Nam's attractiveness, we must streamline administrative procedures to remove persistent bottlenecks including regulatory burdens on businesses investing and operating in Viet Nam; standardizing company establishment and investment registration procedures nationwide to minimize provincial inconsistencies and simplifying the requirements for work permits to bring in more international experts./.

Viet Nam should elevate national branding, strengthen the legal framework, reduce trade barriers, and enhance foreign investment appeal in the path to create economic miracle in the future, said Chairman of the European Chamber of Commerce in Viet Nam (EuroCham) Bruno Jaspaert.

Must-win battles for Viet Nam to make economic miracle

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/27/10/420250227100912.jpg?rt=20250227100913" alt="Prime Minister Pham Minh Chinh meets with Lynn Maxwell, Global Chief Commercial Officer at S&amp;P Global Ratings, in Hanoi on February 26 (Photo: VNA)"></figure></td></tr><tr><td>Prime Minister Pham Minh Chinh meets with Lynn Maxwell, Global Chief Commercial Officer at S&amp;P Global Ratings, in Hanoi on February 26 (Photo: VNA)</td></tr></tbody></table></figure>Hanoi – Prime Minister Pham Minh Chinh met with Lynn Maxwell, Global Chief Commercial Officer at S&amp;P Global Ratings, in Hanoi on February 26, seeking to attracting international investment for Vietnam’s ambitious infrastructure plans.Expressing appreciation for S&amp;P’s recent BB+ credit rating and stable outlook for Vietnam, PM Chinh reaffirmed the country’s commitment to improving its credit standing, and its hope for stronger and more effective cooperation with the agency.Despite COVID-19-related disruptions, Vietnam achieved over 7% growth in 2024 and aims for 8% in 2025, targeting double-digit growth in the following year, he said.To realise these goals, Vietnam is pushing for institutional reforms, facilitating the operations of private businesses, streamlining administrative procedures, and cutting compliance costs. The government also focuses on strategic infrastructure development in transportation, health care, education, and culture to lower logistics costs and boost global competitiveness.The PM emphasised the need for skilled human resources to support Vietnam’s digital economy, green economy, circular economy, and knowledge-based economy. He reaffirmed the nation’s commitment to sustainable development, balancing economic growth with social welfare and environmental protection.Calling for greater support from the US, Chinh highlighted the importance of the Vietnam-US Comprehensive Strategic Partnership, established in 2023. Vietnam is working to ensure balanced trade relations with the US, including plans for major aircraft purchases to strengthen its aviation sector, he said.The leader used the occasion to call on the US to recognise Vietnam as a market economy, facilitate its intensive and extensive integration, and lift export restrictions on some technology.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/27/10/520250227101017.jpg?rt=20250227101017" alt="Prime Minister Pham Minh Chinh meets with Lynn Maxwell, Global Chief Commercial Officer at S&amp;P Global Ratings, in Hanoi on February 26 (Photo: VNA)"></figure></td></tr><tr><td>Prime Minister Pham Minh Chinh meets with Lynn Maxwell, Global Chief Commercial Officer at S&amp;P Global Ratings, in Hanoi on February 26 (Photo: VNA)</td></tr></tbody></table></figure>Maxwell noted that S&amp;P’s operations have significantly contributed to the development of Vietnam’s financial market, enhancing market confidence through credit ratings.She highlighted S&amp;P’s global expertise, with over 1,000 analysts operating in 108 countries. Maxwell reaffirmed S&amp;P’s commitment to supporting Vietnam’s development by connecting its market with international capital.PM Chinh outlined Vietnam’s extensive infrastructure plans, including airport expansion, aircraft purchase, and the North-South high-speed railway project. Vietnam needs about 100 billion USD for railway development and 40-50 billion USD for its urban rail system by 2035. The country has set the goals of building 3,000 km of expressways by 2025 and 5,000 km by 2030, while investing heavily in seaports, inland waterways, and logistics.He called on S&amp;P to provide guidance on mobilising capital through diverse formats and stressed Vietnam's efforts to refine the legal framework in order to attract more investments./.

Prime Minister Pham Minh Chinh noted Vietnam's hope for stronger and more effective cooperation with S&amp;P Global Ratings, while hosting its Global Chief Commercial Officer Lynn Maxwell.

Vietnam seeks more effective cooperation with US-based S&P Global Ratings: PM

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/2/25/phancong-174045089681642016219.gif" alt="Cabinet members assigned to help localities boost soci-economic development- Ảnh 1."></figure>The Cabinet members will oversee localities' implementation of growth scenarios set by the Government.They are tasked with addressing challenges within their authority or proposing solutions to higher authorities to resolve difficulties, boost production and business activities, create jobs and livelihoods for citizens, accelerate public investment disbursement, facilitate import-export, develop infrastructure, promote social housing projects, support initiatives to eliminate temporary and dilapidated housing, and carry out national target programs.According to the assignment, Prime Minister Pham Minh Chinh works with Ha Noi, Ho Chi Minh City, and Can Tho City.Permanent Deputy Prime Minister Nguyen Hoa Binh works with Hai Phong City and Quang Ninh Province.Deputy Prime Minister Tran Hong Ha works with Ba Ria-Vung Tau and Long An provinces.Deputy Prime Minister Le Thanh Long works with Kien Giang and Hau Giang provinces.Deputy Prime Minister Ho Duc Phoc works with Binh Dinh, Phu Yen, and Khanh Hoa provinces.Deputy Prime Minister Bui Thanh Son works with Kon Tum and Gia Lai provinces.Deputy Prime Minister Nguyen Chi Dung works with Lao Cai, Phu Tho and Hoa Binh provinces.Deputy Prime Minister Mai Van Chinh works with Dong Thap, Ca Mau and An Giang provinces.Minister of National Defense Phan Van Giang works with Thai Nguyen and Ha Tinh provinces.Minister of Public Security Luong Tam Quang works with Da Nang City and Hung Yen Province.Minister-Chairman of the Government Office Tran Van Son works with three localities, namely Thai Binh, Ninh Binh, and Nam Dinh.Governor of the State Bank of Viet Nam Nguyen Thi Hong works with Ben Tre and Vinh Long provinces.Minister of Finance Nguyen Van Thang works with Ninh Thuan and Binh Thuan provinces.Minister of Industry and Trade Nguyen Hong Dien works with three provinces, namely Vinh Phuc, Bac Giang, and Son La.Minister of Construction Tran Hong Minh works with three provinces of Dong Nai, Binh Duong and Tien Giang.Minister of Agriculture and Environment Do Duc Duy works with three provinces, namely Hai Duong, Lai Chau and Dien Bien.Minister of Science and Technology Nguyen Manh Hung works with Quang Binh and Quang Tri provinces and Hue City.Minister of Ethnic Minorities and Religions Dao Ngoc Dung works with the three provinces of Ha Nam, Thanh Hoa, and Nghe An.Minister of Culture, Sports and Tourism Nguyen Van Hung works with Dak Lak, Dak Nong and Lam Dong provinces.Minister of Education and Training Nguyen Kim Son works with three localities, namely Tra Vinh, Soc Trang and Bac Lieu.Minister of Health Dao Hong Lan works with Bac Ninh, Lang Son and Cao Bang provinces.Minister of Home Affairs Pham Thi Thanh Tra works with Quang Nam and Quang Ngai provinces.Government Inspector Doan Hong Phong works with three provinces of Tuyen Quang, Ha Giang and Bac Kan.Minister of Justice Nguyen Hai Ninh works with Binh Phuoc and Tay Ninh provinces./.

Prime Minister Pham Minh Chinh has signed Decision assigning Government members to work with localities to boost production, business activities, construction investment, and import-export within their respective areas.

Cabinet members assigned to help localities boost soci-economic development

Thai top diplomat made the visit after talks with Deputy Prime Minister, Foreign Minister Bui Thanh Son earlier the same day. He will also attend the 2nd ASEAN Future Forum (AFF) held in Ha Noi on February 25-26The Imperial Citadel of Thang Long, a UNESCO World Heritage site in Ha Noi gained an additional area of 13,800sq.m, given to it by the Ministry of National Defence.The area, located at 28A Dien Bien Phu street in the district of Ba Dinh has, since 1966, been home to the Viet Nam Army Museum, later renamed the Viet Nam Military History Museum. The museum covers an area of over 13,000sq.m, including exhibition buildings, functional areas, and notably, the Ha Noi Flag Tower.The Imperial Citadel of Thang Long is a complex of historic imperial buildings that was first constructed in 1011 under the reign of King Ly Thai To of the Ly Dynasty (1009-1225).<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-1-1740447968418614862707.png" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 1."></figure>Viet Nam's Deputy Prime Minister and Foreign Minister Bui Thanh Son and Thailand's Foreign Minister Maris Sangiampongsa visit UNESCO-recognized Thang Long Imperial Citadel on February 24. Photo: Baoquocte<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-2-17404479931961377022116.jpg" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 2."></figure>Deputy Prime Minister, Foreign Minister Bui Thanh Son and the Thai top diplomat arrive at the Thang Long Imperial Citadel . Photo: VGP<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-7-17404480237921084671965.jpg" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 3."></figure>The imperial citadel has archaeological significance. Photo: VGP<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-9-17404480525392022154444.jpg" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 4."></figure>Deputy Prime Minister, Foreign Minister Bui Thanh Son and Thailand’s Foreign Minister Maris Sangiampongsa and their spouses enjoy Vietnamese coffee. Photo: VGP<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-10-1740448077637865551313.jpg" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 5."></figure>Deputy Prime Minister, Foreign Minister Bui Thanh Son and Foreign Minister Maris Sangiampongsa enjoy Vietnamese coffee.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/25/hoang-thanh-11-1740448095733992274678.png" alt="Photos: Thai FM visits Ha Noi's imperial citadel- Ảnh 6."></figure>Foreign Minister Maris Sangiampongsa offers a gift to Deputy Prime Minister Bui Thanh Son. Photo: VGP

Vietnamese Deputy Prime Minister, Foreign Minister Bui Thanh Son and Thailand’s Foreign Minister Maris Sangiampongsa visited UNESCO’s World Heritage Site – Thang Long Imperial Citadel and enjoyed Vietnamese coffee in Ha Noi on February 24.

Photos: Thai FM visits Ha Noi's imperial citadel

<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20250221015700.png"></figure>US$ billionGDP of ASEAN-6 countries in 2023 and 202420242023IndonesiaSingaporeThailandViet NamPhilippinesMalaysia050010001500According to latest statistics collected by Mekong ASEAN, Viet Nam has made breakthrough in 2024, with its GDP estimated at US$476.3 billion.Last year, Viet Nam took the lead among the ASEAN-6 in term of GDP growth rate, with 7.09 percent.The country ranked fifth in the ASEAN-6 in terms of GDP per capita, with US$4,711.<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20250221015719.png"></figure>%GDP growth of ASEAN-6 countries in 2024Viet NamPhilippinesMalaysiaIndonesiaSingaporeThailand02468The 15th National Assembly on February 19 passed a resolution in which the legislative body agreed with the Government's proposal to raise 2025 GDP growth target to 8 percent.The country's GDP scale this year is expected to exceed US$500 billion and the GDP per capita is projected to surpass US$5,000.Based on projections by the International Monetary Fund (IMF), Seasia Stats forecasted that Viet Nam's GDP will reach US$506 billion this year, ranking 33rd globally.Seasia Stats highlights Viet Nam's impressive economic growth, adding that Viet Nam's economy is rapidly expanding, thanks to its manufacturing boom and foreign investments.Meanwhile, the UK-based Centre for Economics and Business Research noted that with an average annual growth rate of 5.8 percent over the next five years, Viet Nam's GDP is expected to surpass Singapore's, reaching US$676 billion by 2029.By 2039, Viet Nam's GDP could rise to US$1.41 trillion, ranking 25th worldwide.<figure class="image"><img src="https://api.iotcommunication.com.vn/images/image_20250221015735.png"></figure>US$ billionGDP per capita of ASEAN-6 countries20242014SingaporeMalaysiaThailandIndonesiaViet NamPhilippines025k50k75k100kAccording to a new report released by Oxford Economics, the world's foremost independent economic advisory firm, Viet Nam's economy will be the standout among the ASEAN-6, growing at a faster pace relative to its peers during the next few years.The report noted that the nation's GDP growth will reach 6.5 percent in 2025, driven by a strong manufacturing sector and a rapid recovery in domestic demand. In which, manufacturing fundamentals remain strong and supported by structural tailwinds.A key source of growth for Viet Nam next year will be its manufacturing exports. Viet Nam is a known assembly, packaging, and testing (APT) hub, the next stage of the chip-making process post fabrication. Intel's largest APT facility is in Viet Nam, and Amkor Technology's US$1.6 billion chip plant in Bac Ninh province is set to come on line in 2025.Other large exporting sectors are machinery and electrical appliances, textiles, and agriculture. A boost should come from the front-loading of export orders next year in anticipation of tariffs, which may be sufficient to offset soft electronics demand in the near term.According to Oxford Economics, growth in FDI inflows will continue to be maintained, although at a slower pace. It expects investment growth in 2025 to reach 7.2 percent, higher than the 6.9 percent forecast for this year./.

Viet Nam surpassed the Philippines to rank fourth among ASEAN Member States in terms of economic size in 2024.

Vietnamese economy ranks fourth in ASEAN

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/20/17/anh20250220172416.jpg?rt=20250220172418" alt="Egg products from Vietnam may soon be officially imported into Singapore - photo: https://baochinhphu.vn"></figure></td></tr><tr><td>Egg products from Vietnam may soon be officially imported into Singapore - photo: https://baochinhphu.vn</td></tr></tbody></table></figure>According to Singaporean Ambassador to Vietnam Jaya Ratnam, Singapore will adopt a phased approach to officially import eggs and poultry meat from Vietnam.The Singapore Food Agency (SFA) is actively working to recognize poultry and egg products from Vietnam for export to Singapore, said Singaporean Ambassador Jaya Ratnam.According to the Ambassador, Singapore will adopt a phased approach to achieve this recognition. The process will begin with an initial assessment of farms and facilities to establish mutual understanding and trust, before gradually expanding to include more suppliers and product categories."Under this approach, heat-processed products will be approved in the first phase, followed by egg products in the second phase and finally frozen poultry products in the third phase," said Ambassador Ratnam.The Ambassador noted steady progress in food safety cooperation between the two nations. In 2024, in collaboration with Vietnam’s Ministry of Agriculture and Rural Development, the SFA conducted two assessment visits to the provinces of Binh Phuoc, Tay Ninh, and Ha Nam.During these visits, the SFA found that heat-processed poultry products from C.P. Group in Binh Phuoc had met the necessary criteria for export, with the final stages of approval currently underway. Additionally, the SFA is in discussions with Masan Corporation in Ha Nam to facilitate egg imports during the second phase, and is exploring potential partnerships with other Vietnamese farms and manufacturers.Additionally, the Ambassador emphasized Singaporean companies' interest in exporting food products to Vietnam. Mr. Ratnam also expressed satisfaction with the two countries’ progress in overcoming technical trade barriers, and hoped that both nations will continue working towards mutual certification of food products.Recognizing the importance of strengthening bilateral trade, the ambassador voiced support for establishing an agricultural trade task force to ensure long-term, sustainable cooperation. Singapore has designated the SFA as its lead agency and is awaiting Vietnam’s Ministry of Agriculture and Rural Development to appoint its counterpart.The Ambassador said that the formation of the agricultural trade task force would be the first step toward unifying the two countries' food safety standards. Mr. Ratnam hoped that both nations would create favorable conditions for each other's food safety certification process./.

According to Singaporean Ambassador to Vietnam Jaya Ratnam, Singapore will adopt a phased approach to officially import eggs and poultry meat from Vietnam.

Vietnamese eggs and poultry products to enter Singaporean market: Ambassador

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/17/16/digital-technology20250217162723.jpg?rt=20250217162724" alt="Illustrative image (Photo: VNA)"></figure></td></tr><tr><td>Illustrative image (Photo: VNA)</td></tr></tbody></table></figure>Vietnam is placing great importance on developing the digital technology industry, given its significant contributions to the country’s economy.Speaking at the 6th annual national forum on the development of Vietnamese digital technology enterprises last month, Party General Secretary To Lam stated that the total revenue from this industry in 2024 was estimated to reach 152 billion USD, an increase of 35.7% compared to 2019.The digital technology startup ecosystem in Vietnam has also grown significantly, with nearly 74,000 enterprises. This ecosystem encompasses a wide range of products and services, from hardware and electronics to software and advanced technologies like artificial intelligence (AI), big data, and the Internet of Things (IoT).The sector's workforce has reached over 1.67 million employees, a growth of more than 50% compared to 2019. By the end of 2023, nearly 1,900 digital technology enterprises had expanded into international markets, generating revenue of 11.5 billion USD, up 53% year-on-year.This progress has significantly contributed to the improvement of Vietnam's global innovation index each year. According to Minister of Science and Technology Huynh Thanh Dat, in 2024, Vietnam ranked 44th out of 133 countries in the Global Innovation Index, two places higher than that in 2023 and up 32 spots compared to 2013. Among these, Vietnam led the world in three key indicators: high-tech imports, high-tech exports, and creative goods exports.These figures demonstrate that the digital technology industry has become one of the most important economic sectors, helping Vietnam enhance its competitiveness, expand international cooperation opportunities, and contribute actively to building a comprehensive digital economy. It also plays a significant role in driving economic growth and sustainable development.However, alongside these successes, Vietnam still faces significant weaknesses. The Party chief pointed out that the technological level of Vietnamese businesses is generally low, with the country participating only modestly in global supply chains.Although the electronics sector has seen impressive growth, propelling Vietnam to 2nd place in the world for smartphone exports, 5th for computer component exports, 6th for computer equipment exports, and 8th for electronic component exports, 89% of the value of these components is from imported goods.For example, Samsung has invested in Vietnam since 2008, yet of the 60 Tier-1 suppliers for the Republic of Korea’s group in Thai Nguyen province, 55 are foreign companies. In Bac Ninh, the figures are 164 foreign companies out of 176. Domestic enterprises are primarily engaged in providing services such as security, catering, and waste management.The research and development capabilities of Vietnamese enterprises are still heavily reliant on foreign sources, limiting the country’s technological self-reliance. Additionally, the ability to attract high-tech talent remains insufficient, resulting in a shortage of qualified human resources, which directly impacts the capacity for innovation.The development of digital technology and digital infrastructure is not evenly distributed across regions, creating a significant gap in access to technology. This disparity affects the ability to connect the nation as a whole and hinders the sustainable growth of the digital technology industry.According to Dr. Tran Thi Tuan Anh, Vice Rector of the College of Economics, Law and Government under the University of Economics Ho Chi Minh City, to achieve sustainable economic development with the reliable support of new technologies, including AI, Vietnam must prioritise human services, ethics, and responsibility.Do Cao Bao, a member of the Board of Directors of FPT Corporation, said that the speech by Party General Secretary To Lam at the 6th national forum on the development of Vietnamese digital technology enterprises highlighted the core of the issue. For the country to develop further and escape the middle-income trap, it must improve labour productivity by effectively tapping into the intellectual potential of the Vietnamese people, and focus on research and development in science and technology, with digital economy as the main driving force for the nation's development.Minister Dat stated that the Ministry of Science and Technology is urgently coordinating with relevant agencies to build, and perfect the legal framework, with a strong determination to remove obstacles to promote the development of science and technology and innovation./.

Speaking at the 6th annual national forum on the development of Vietnamese digital technology enterprises last month, Party General Secretary To Lam stated that the total revenue from this industry in 2024 was estimated to reach 152 billion USD, an increase of 35.7% compared to 2019.

Vietnam works to develop digital technology industry

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/022025/13/22/220250213221944.jpg?rt=20250213221945" alt="The Vietnam Posts and Telecommunications Group (VNPT) opens its the eighth internet data centre (IDC) at Hoa Lac Hi-tech Park in 2023. (Photo: VNA)"></figure></td></tr><tr><td>The Vietnam Posts and Telecommunications Group (VNPT) opens its the eighth internet data centre (IDC) at Hoa Lac Hi-tech Park in 2023. (Photo: VNA)</td></tr></tbody></table></figure>Hanoi – The surge in AI demand is significantly impacting plans on data centre investment and expansion in Vietnam as global tech giants and local players are racing to capture the market.In the past year, tech behemonths like Microsoft, Meta, Alphabet and Amazon injected more than 200 billion USD into data centres and AI-related tool development, with a substantial portion flowing into Asia, where land is affordable, electricity is cheap, and demand for AI is soaring.However, most Asian data centres have not been equipped to host AI servers, presenting a significant opportunity for upgrading existing facilities and building new AI-capable data centres with better capacity across Asia.In Vietnam, local tech companies, including VNPT, Viettel, CMC, FPT and VNG, are expanding their data centres' capacity. CMC is planning to invest 500 million USD in such centres and other facilities in Vietnam, Japan, and elsewhere by 2028. Meanwhile, Viettel is preparing to carry out 11 large-scale data centres with a total designed capacity of over 350 MW, or 40% of the country’s total. It will partner with NVIDIA to develop AI data centre infrastructure featuring nearly 800 supercomputers and 6,000 GPU cards.CEO of the Viettel Internet Data Centre (IDC) Hoang Van Ngoc estimated that to serve the market of 100 million people in Vietnam with sufficient future technological services like AI, generative AI, and AI cloud computing, the size of domestic data centres must increase 15-fold.International giants including Amazon, Microsoft, Supermicro, ST Telemedia Global Data Centers, Google, and Alibaba are also entering the Vietnamese market, with planned investments worth billions of USD, intensifying the competition in the sector.According to Cushman &amp; Wakefield's latest report, Vietnam offers competitive advantages for data centre investments, with construction costs averaging 6.9 million USD per MW – among the lowest in the Asia-Pacific region, only trailing Taiwan (China). This is significantly lower than China (7.1 million USD), Thailand (7.6 million USD), Indonesia (8.7 million USD), and Malaysia (9 million USD).Cushman &amp; Wakefield Vietnam General Director Trang Bui stated that boasting reasonable construction costs and a favourable geographical location, Vietnam holds huge potential to become a large data centre in the region, referencing the interest from Apple, Intel, Canon, Samsung, LG, LEGO and Airbus as a vivid demonstration. Besides, the country's increasing transparency, openness to foreign investment, and administrative reforms are creating more opportunities for international investors and driving the growth of the data centre industry in Vietnam.However, power remains a big challenge for the development of AI data centres. Associate Director of Industrial Services at Savills Hanoi Thomas Rooney said the facilities require 2 – 5 times more power than conventional ones. Vietnam should sketch out plans to upgrade and expand the power grid while developing renewable energy solutions to ensure stable electricity supply for the operation of large-scale data centres.Meanwhile, Trang Bui said that along with stable and strong power supply, legal regulations and complicated administrative procedures remain a big hurdle to the building of AI data centres while skilled workforce in the domain is limited.Vietnam is poised to welcome a wave of AI-integrated data centre construction, primarily driven by foreign giants. To fully capitalise on this opportunity, the country must rapidly improve its power supply capabilities, land availability, human resources, and regulatory framework, she suggested./.

Vietnamese tech companies are expanding their data centres' capacity while international giants are also entering the market, with planned investments worth billions of USD.

Vietnam riding wave of data centre investments

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/12/btkt-uae-17393235455561158398830-1739328215703524131769.jpg" alt="VN, UAE urged to early ratify CEPA in Q1, 2025- Ảnh 1."></figure>Deputy Prime Minister Bui Thanh Son (L) and Minister of Economy of the United Arab Emirates (UAE) Abdulla Bin Touq Al Marri (R), Dubai, February 11, 2025 - Photo: VGP/Hai MinhBui made the suggestion while meeting with Minister of Economy of the United Arab Emirates (UAE) Abdulla Bin Touq Al Marri on February 11 (local time) on the sidelines of the World Government Summit (WGS) in Dubai.He treasured Minister Abdulla Bin Touq Al Marri for his contributions to the bilateral ties especially the signing of the CEPA last October.The Deputy Prime Minister called upon the two sides early ratify the document in Q1, 2025, put it into operation soon and positively disseminate the opportunities and benefits of CEPA for their business communities.On this occasion, Pham also briefed his host about the economic achievements and investment environment in Viet Nam.The Deputy Prime Minister also suggested the UAE's Ministry of Economy facilitate the implementation of the commitments between Viet Nam and UAE on the occasion of Prime Minister Pham Minh Chinh's official visit to UAE last October especially in terms of trade and investment. He also hoped to seek UAE's experience in development and national governance.With experiences in building the world's leading international financial centers and free trade zones, Deputy Prime Minister Bui proposed that UAE support Viet Nam to build institutions and policies to attract investment in the process of building and operating international financial centers in Ho Chi Minh city, Da Nang city and free trade zones in Ba Ria-Vung Tau province as well as Hai Phong city.In reply, Minister Abdulla Bin Touq Al Marri revealed that the ministry will organize a large-scale investment conference in Viet Nam in a bid to spur economic cooperation and investment opportunities from UAE and the world to Viet Nam.The host leader also highly spoke of Viet Nam's endeavor to perfect regulations, laws, and business environment and raise national competitiveness."A large number of UAE enterprises are interested in Viet Nam and stand ready to cooperate with Vietnamese partners especially in such areas as high tech, AI, energy, infrastructure and seaports," Abdulla Bin Touq Al Marri said.Finally, the two sides agreed to early organize the 6th Meeting of the Viet Nam - UAE Intergovernmental Committee and the 1st meeting of the Joint Working Group on Economic and Trade Cooperation in 2025./.

Deputy Prime Minister Bui Thanh Son called upon both Viet Nam and UAE to double effort to finalize and ratify the Comprehensive Economic Partnership Agreement (CEPA) in Q1, 2025.

VN, UAE urged to early ratify CEPA in Q1, 2025

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/2/11/kiengiang-173924150462522745055.jpg" alt="Kien Giang named among world’s top 10 friendliest destinations- Ảnh 1."></figure>Kien Giang Province is named among 10 friendliest destinations in the world within the framework of the 13th Traveler Review Awards - Photo: InternetNestled on the banks of a branch of the Mekong River, Kien Giang attracts tourists with its breathtaking natural beauty, from pristine beaches, lush mangrove forests and especially the famous Phu Quoc island.This land not only possesses impressive scenery, but also invites visitors to embark on a journey to discover unique traditional values, enjoy specialties and immerse themselves in the sincerity and hospitality of the local people.Kien Giang is home to popular tourist hotspots such as Ha Tien and Phu Quoc, known for their long sandy beaches and luxury resorts.In 2024, the province welcomed more than 9.8 million visitors, including over 978,000 international arrivals, a 43.8 percent increase from the previous year.Earlier, Phu Quoc Island in Kien Giang Province ranked second among the top 10 best islands in Asia, up from eighth place from last year, by the U.S. tourism magazine Condé Nast Traveler in its 2024 Readers' Choice Awards.The island&nbsp; also ranked 4th among the 10 most affordable tropical destinations to visit around the world by Travel+Leisure magazine.Based on more than 360 million verified customer reviews, the Traveler Review Awards honor travel partners that maintain consistent, excellent service quality to make every traveler's journey more memorable.The ranking is part of the Dutch-based travel agency's annual Traveler Review Awards, which recognize 1.71 million accommodation partners, 1,329 car rental providers, and 124 taxi services across 212 countries and territories.Based on over 360 million verified customer reviews, the awards honor travel partners that consistently provide outstanding hospitality and service, enhancing travelers' experiences./.&nbsp;

The Mekong Delta province of Kien Giang, home to Phu Quoc Island, was ranked among 10 friendliest destinations in the world within the framework of the 13th Traveler Review Awards, according to Booking.com.

Kien Giang named among world’s top 10 friendliest destinations

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

Gov't sets growth targets for all localities in 2025

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

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

Vietnam emerges as a promising hub for semiconductor industry development

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

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

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

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

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

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

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

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

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

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

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

Positive outlook for wood product exports after roaring success in 2024

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

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

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

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

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

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

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

About

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

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

Communication strategy

<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.