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<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/22/pvg-17794173244521199141618-1779421768116506899911.jpg" alt="Viet Nam, Russia boost defense cooperation - Ảnh 1."></figure>General Phan Van Giang, Politburo member, Deputy Prime Minister and Minister of National Defense of Viet Nam (R) and Russian Defense Minister Andrey Belousov (L) in Moscow, May 21, 2026. Photo: VNARussian Defense Minister Andrey Belousov hosted an official welcome ceremony for General Phan Van Giang and the Vietnamese delegation on May 21, ahead of the second consultation session on maritime issues.During their talks in Moscow, General Phan Van Giang reaffirmed that Viet Nam always values and bears in mind the sincere support and assistance provided by generations of Russian leaders and people during Viet Nam's struggle for national independence as well as its ongoing nation-building and defense efforts.He highlighted the inauguration of the Viet Nam–Soviet Union solidarity and friendship monument at the Viet Nam Military History Museum in August 2025, noting that the project, carried out with close coordination from Russia's Defense Ministry, honors Soviet military experts who supported Viet Nam, with Russian experts playing a central role.General Phan Van Giang welcomed the continued development of the traditional friendship and comprehensive strategic partnership between the two countries, stressing that agreements reached by senior leaders have created fresh momentum for expanding cooperation across multiple sectors, with defense remaining a key pillar of bilateral ties.For his part, Russian Defense Minister Andrey Removich Belousov congratulated General Phan Van Giang on his appointment as Deputy Prime Minister and Minister of National Defence, expressing confidence that he would continue making significant contributions to bilateral defence cooperation and the broader Viet Nam–Russia comprehensive strategic partnership.Belousov also affirmed Russia's readiness to enhance cooperation with Viet Nam's Ministry of National Defence in new areas aligned with the capabilities and priorities of both sides.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/22/tang-cuong-hop-tac-quoc-phong-viet-nam-nga-2205-3-2-1779422631584129817821.jpg" alt="Viet Nam, Russia boost defense cooperation - Ảnh 2."></figure>Deputy Prime Minister and Minister of National Defense of Viet Nam Phan Van Giang and Russian Defense Minister Andrey Belousov inspect the guard of honor - Photo: VNAThe two ministers noted that defense cooperation has continued to grow steadily, producing positive results in delegation exchanges, high-level contacts, cooperation between military agencies and units, personnel training, scientific and technological research through the Viet Nam–Russia Tropical Center, participation in international multilateral activities, and coordination within ASEAN-led mechanisms, including the ASEAN Defense Ministers' Meeting-Plus (ADMM+).To further deepen cooperation in a practical and effective manner, both sides agreed to continue implementing existing cooperation frameworks and expand collaboration into new areas including the effective implementation of signed agreements, the exchange and signing of new cooperation documents, experience sharing, humanitarian mine clearance, military history education and communications, training cooperation, and stronger collaboration between the Viet Nam–Russia Tropical Center and agencies under Russia's Defence Ministry.General Phan Van Giang thanked Russia for providing training opportunities for Vietnamese military personnel and affirmed Viet Nam's readiness to offer Vietnamese-language courses and international defense training programs for Russian military personnel at Vietnamese academies and institutions.During the talks, he also invited leaders of Russia's Defense Ministry and defense industry enterprises to attend and exhibit products at the third Viet Nam International Defense Expo scheduled on this December.Following the talks, the two sides signed several important documents, laying a solid foundation for future defense cooperation.As part of the visit, General Phan Van Giang and the Vietnamese delegation laid flowers at the Ho Chi Minh Monument and planted a commemorative tree at the square named after President Ho Chi Minh. The delegation also visited the Tomb of the Unknown Soldier in Moscow./.

Viet Nam and Russia agreed to further strengthen bilateral defense cooperation during an official visit to Russia by General Phan Van Giang, Politburo member, Deputy Prime Minister and Minister of National Defense of Viet Nam.

Viet Nam, Russia boost defense cooperation

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/21/untitled-17793513513221648975738-17793684530012030793308.png" alt="Top leader calls for stronger int'l cooperation in quantum technology- Ảnh 1."></figure>General Secretary and President To Lam presides over a meeting of the standing board of the Central Steering Committee on Science, Technology, Innovation and Digital Transformation to review a draft national project on quantum technology development in Ha Noi, May 21, 2026. Photo: VNAThe top leader was chairing a meeting of the standing board of the Central Steering Committee on Science, Technology, Innovation and Digital Transformation to review a draft national project on quantum technology development in Ha Noi on May 21.The project on research, application and development of quantum technology serving socio-economic development and ensuring national defence and security aims to build Viet Nam's long-term capabilities in the emerging field.The Party and State leader emphasised that quantum technology is an entirely new, highly complex and rapidly evolving field closely linked to science and technology, national security, digital transformation, strategic industries and the country’s long-term competitiveness.He said that quantum technology should be recognised as a matter of national strategic importance rather than merely a scientific research issue. He underlined that development efforts must be integrated into the implementation of the Politburo’s Resolution 57 and aligned with broader national strategies related to national security, data governance, semiconductors, artificial intelligence and space technology.General Secretary and President To Lam underlined the need for a balanced approach, urging Viet Nam to avoid both hesitation and unrealistic ambitions.Viet Nam may come later, but it must not move slowly, he said, warning against inferiority complexes, superficial movements, fragmented investment and goals that exceed the country’s actual capacity.Instead, he called for selecting practical development directions suited to Vietnam’s conditions, focusing on building genuine national capabilities in areas where the country has the potential to participate and achieve mastery.According to the leader, priority should be given to safeguarding national security and digital sovereignty to ensure Vietnam remains proactive and avoids strategic dependence.He also stressed that international cooperation in quantum technology must be strong, selective and substantive, aimed at strengthening Vietnam’s self-reliance rather than creating new forms of dependency.He stressed the need for focused investment instead of spreading resources thinly across multiple institutions and projects. He urged the establishment of strong research centres, key laboratories, leading research groups and effective coordination mechanisms linking research institutes, universities, businesses and defence-security agencies.Alongside, it is crucial to reform the evaluation of scientific research outcomes, highlighting the importance of long-term capability building and acceptance of controlled risks in high-level scientific research. Management mechanisms, he said, must clearly distinguish between genuine scientific failure and wastefulness caused by formalism or irresponsibility.The leader highlights the importance of human resources and innovation ecosystems, the leader added, calling for a national programme to train quantum technology, along with stronger international cooperation, including efforts to attract overseas Vietnamese scientists and foreign experts to contribute to Viet Nam's quantum technology capabilities.Alongside basic research, he stressed the need to build a practical quantum innovation ecosystem involving the State, research institutes, universities, enterprises and defence-security units, with policies encouraging businesses to participate in research, application and commercialisation.On workforce development, he noted that a successful national quantum programme must rest on a strong scientific culture marked by integrity and academic discipline.He stressed the importance of inspiring younger generations to pursue frontier scientific knowledge and nurturing a new generation of scientists with professional expertise, academic integrity, global thinking, creativity and a strong sense of responsibility to the nation.The Party and State leader also called for major reforms in implementation mechanisms, noting that quantum technology is an interdisciplinary field requiring highly coordinated governance.He asked the Party Committee of the Viet Nam Academy of Science and Technology to continue refining the project to ensure it is strategic, scientifically grounded and closely aligned with practical realities before submission to the Secretariat for consideration in accordance with regulations./. VNA

General Secretary and President To Lam has stressed the need for deeper, more systematic and strategic research to finalise a comprehensive national quantum technology development plan that serves Viet Nam's development goals while ensuring strategic autonomy.

Top leader calls for stronger int'l cooperation in quantum technology

An increasingly robust economyIn his article titled “The Light of Ho Chi Minh Illuminates Our Path”, Party General Secretary and State President To Lam emphasized: “President Ho Chi Minh’s thought on independence, self-reliance and self-strengthening continues to illuminate the country’s development path amid strategic competition, supply chain shifts, the Fourth Industrial Revolution and profound global changes. During his lifetime, he always stressed that national independence must go hand in hand with self-reliance and self-strengthening; that the country must primarily rely on its own strength while also making use of international support and cooperation; and that national strength must be combined with the strength of the times. Today, that thought is further developed through the requirement to build an independent and self-reliant economy with high resilience and international competitiveness, capable of proactive and deep integration without dependence; to strongly develop science, technology, innovation and digital transformation; to master strategic technologies; and to form new productive forces and new modes of production...”<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/19/screenshot-2026-05-19-at-145340-14541325.png" alt="President Ho Chi Minh visits the X10 Garment Factory (predecessor of May 10 Corporation) in 1959. Archive photo"></figure>President Ho Chi Minh visits the X10 Garment Factory (predecessor of May 10 Corporation) in 1959. Archive photoLooking back at Ho Chi Minh’s thought on national independence reveals its distinctive depth: independence is always associated with self-reliance and self-strengthening, based on combining national strength with the strength of the times. “Primarily relying on one’s own strength” does not mean separating from international cooperation; “self-reliance” does not mean rejecting integration; and “independence” does not mean opposing development. It is precisely this dialectical combination that has created the enduring vitality of Ho Chi Minh Thought, making it increasingly valuable in the context of deep globalization and intensifying competition.After 40 years of the 1986 Doi Moi reforms (rejuvenation), Vietnam has gradually built an increasingly robust economy, deeply and extensively integrated into the regional and global economy.Building an independent and self-reliant economy is reflected in maintaining independence and autonomy in determining development guidelines, policies and strategies, while promoting the country’s potential and advantages. The Party’s viewpoints and policies have been institutionalized into laws, policies, strategies, master plans and socio-economic development plans, generating many positive outcomes. Macroeconomic stability has been maintained, inflation kept under control at a low level, economic growth and growth quality improved, and major economic balances strengthened.The national energy system has developed strongly, with the scale of the power system rising into the world’s top 20 and ranking first in Southeast Asia. The energy structure is shifting toward a greener and more sustainable direction, in line with global trends.Import-export activities continue to stand out as a bright spot of the economy, recording an average annual growth rate of 10.9%. Trade turnover has continuously set new records, reaching more than USD 930 billion in 2025 alone. Trade surplus has remained high, contributing positively to macroeconomic balance, foreign exchange reserves and market confidence.The domestic market has continued to develop steadily, with an average annual growth rate of around 7.7%, truly becoming a major pillar of the economy. At the same time, e-commerce has grown by more than 20% annually, placing Vietnam among the world’s top 10 fastest-growing markets and creating an important driver for the digital economy and business digital transformation.International economic integration has been implemented comprehensively, substantively and increasingly effectively. Participation in 17 free trade agreements (FTAs) has opened access to a market of nearly 6 billion consumers, helping diversify export markets, attract foreign investment, enhance national competitiveness and promote economic restructuring toward a modern and sustainable direction.Establishing a new growth modelThe Resolution of the 14th National Party Congress on national development orientations for the 2026–2030 period states: “To establish a new growth model aimed at improving productivity, quality, efficiency, added value and economic competitiveness; taking science, technology, innovation and digital transformation as the main driving forces; creating new productive forces and high-quality production methods, with a focus on the data economy, digital economy, green economy and circular economy; accelerating digital transformation, green transition, energy transition and transformation of human resource structure and quality. To identify new growth drivers and take science and technology as the core factor to promote and renew traditional growth drivers. To form strong growth poles, key economic regions, urban centers and next-generation special economic zones on par with regional and global standards.”According to economic experts, “establishing a new growth model” focused on improving productivity, quality and added value directly addresses a long-standing limitation of the economy: growth based on extensive expansion, dependence on capital, cheap labor and processing activities. When added value remains low and positioning in global value chains remains limited, the economy cannot truly be self-reliant because profits, technologies and decision-making power remain outside the country. Transitioning toward a model based on productivity and added value is therefore not merely an upgrade, but a condition for escaping dependency.Another key point lies in identifying science, technology, innovation and digital transformation as core drivers. As long as core technologies must still be imported, the economy cannot truly achieve mastery even if production expands. The formation of new production methods and the development of the digital economy, data economy, green economy and circular economy represent the pathway toward gradually occupying high value-added segments and thereby enhancing substantive self-reliance.The Resolution also sets the requirement to form strong growth poles, key economic regions, urban centers and next-generation special zones with regional and global stature. This represents a reorganization of development space to create sufficiently strong domestic growth engines capable of leading the economy forward. An economy cannot become self-reliant if development remains fragmented and scattered. On the contrary, it requires sufficiently strong centers in technology, finance, industry and services to create spillover effects and elevate the entire system.Notably, this mindset does not remain confined to policy documents. On April 29, 2026, under the chairmanship of Prime Minister Le Minh Hung, a working session with the Ministry of Finance set out a highly specific requirement: to formulate and implement a project on building an independent and self-reliant economy associated with international integration, to be completed in the third quarter of 2026. At the same time, ministries were tasked with coordinating the drafting of a Resolution on a national development model based on science, technology, innovation and digital transformation for submission to the third plenum of the Party Central Committee. This is no longer merely an orientation, but a command for action, with clear deadlines, clear focal points and clear responsibilities.Enhancing resilience against shocksVietnam’s economy has a high degree of openness and deep integration with international markets on both the supply and demand sides. Any external fluctuation can quickly translate into internal pressure, directly affecting macroeconomic stability, production and business activities, and social life. Meanwhile, the self-reliance capacity of many manufacturing industries remains limited, while dependence on imported technologies, equipment and raw materials remains high, exposing the economy to real risks whenever global supply chains are disrupted or restructured.Building an independent and self-reliant economy has emerged as an urgent requirement directly linked to the goal of rapid and sustainable development. An independent and self-reliant economy strengthens the country’s position in a global economic order being reshaped by new rules.Economic independence and self-reliance must be fully understood. The economy must be capable of operating stably on the basis of internal strength, sufficiently adaptable to external fluctuations, able to maintain normal operations under all circumstances, and capable of ensuring socio-economic development associated with national defense and security without passivity or dependence on external factors.At a higher level, economic self-reliance is closely tied to institutional capacity and national governance capability. An economy can only be self-reliant if it possesses the ability to design, operate and adjust policy systems suited to its own development conditions. At the same time, it must proactively participate in the global economic system with a firm grasp of the rules, flexibility in adjustment and effective use of international commitments in service of national interests.The foundation of self-reliance is first reflected in economic potential, resilience, recovery and development capacity in the face of shocks, as well as the competitiveness of enterprises and products. However, the decisive factor remains people, the central resource and the subject of all development processes. An economy lacking a workforce capable of mastering science and technology and lacking modern governance capacity will find it difficult to achieve genuine long-term self-reliance.Globally, countries that have risen strongly have all chosen the path of systematic and long-term investment in education, science and technology, and talent development strategies. For Vietnam, the requirement to build an independent and self-reliant economy demands improving the quality of education, strengthening research capacity, promoting the application of science and technology, and building a high-quality workforce through a systematic, synchronized and consistent approach.<blockquote>To build an independent and self-reliant economy, it is necessary to inspire the aspiration for a prosperous and happy nation, while promoting the intelligence, courage, ethics, talents and qualities of the Vietnamese people in the new era.</blockquote>Le An

President Ho Chi Minh’s thought on independence, self-reliance and self-strengthening serves not only as an ideological foundation, but also as a direct guide for all actions in national economic development.

Building an independent and self-reliant economy guided by Ho Chi Minh thought

On May 6, 2026, within the framework of the State visit of General Secretary and President To Lam to India, Minister of Industry and Trade Le Manh Hung, together with a delegation from the Ministry, held a working session with the Vietnam Trade Office in India to assess bilateral economic and trade cooperation and outline key priorities for the next phase of development.At the meeting, Bui Trung Thuong, Trade Counsellor and Head of the Vietnam Trade Office in India, presented a report to Minister Le Manh Hung and the delegation on the implementation of trade promotion activities, business support, investment connectivity, and market policy monitoring in India over the recent period.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/13/b-12030353.png" alt="Bui Trung Thuong, Trade Counsellor and Head of the Vietnam Trade Office in India, reports to Minister of Industry and Trade Le Manh Hung on the Trade Office’s performance and operational results."></figure>Bui Trung Thuong, Trade Counsellor and Head of the Vietnam Trade Office in India, reports to Minister of Industry and Trade Le Manh Hung on the Trade Office’s performance and operational results.The Trade Office has actively and proactively carried out a wide range of trade promotion initiatives, diversifying its methods from in-person to virtual formats, while facilitating direct engagement between enterprises, industry associations, and government agencies of both countries in promising sectors such as textiles and garments, footwear, seafood, agricultural products, wood products, supporting industries, and green transition.Bilateral trade turnover between Vietnam and India in 2025 reached nearly USD 16.46 billion, marking a year-on-year increase of 10.6%. Notably, Vietnam’s exports to India totaled USD 10.3 billion, up 14.2% compared to the previous year.The Trade Office has also actively supported Vietnamese businesses in participating in trade fairs, exhibitions, and business matching events, while organizing thematic seminars and regularly updating enterprises on India’s evolving policies relating to tariffs, technical standards, traceability requirements, and trade remedies.Alongside these achievements, the Trade Office noted that the Indian market continues to present a number of challenges, including protectionist policies with high import tariffs, the growing use of trade defense measures, increasingly stringent traceability requirements, and difficulties in supply chain connectivity between businesses of the two countries.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/13/c-12040537.png" alt="Vietnam targets USD 25 billion in trade with India by 2030 - 2"></figure>In his remarks, Minister Le Manh Hung highly commended the Trade Office’s efforts in maintaining close market engagement, proactively supporting businesses, and promoting economic and trade cooperation between Vietnam and India.The Minister emphasized that the State visit of General Secretary and President To Lam carries special significance, ushering in a new phase of bilateral relations as senior leaders of both countries agreed to elevate ties to a “Comprehensive Strategic Partnership with Enhanced Cooperation.” This development opens substantial new opportunities for collaboration in trade, industry, logistics, oil and gas, fertilizers, renewable energy, pharmaceuticals, high technology, and supply chain restructuring.Minister Le Manh Hung stressed that the system of Vietnam’s trade offices abroad must undergo a fundamental shift in mindset and working methods toward modern governance, ensuring that trade promotion activities are closely aligned with the country’s broader economic development goals. Accordingly, trade promotion programs should be designed with clearly defined objectives, identifying which products to promote, which markets to target, and which partners to engage. Outcomes must also be measured through specific indicators such as export turnover, the number of business connections established, signed commercial contracts, and participation in supply chains.The Minister further requested the Trade Office to develop a comprehensive database of regulatory agencies, industry associations, reputable enterprises, and major importers in India in order to strengthen connectivity and improve support for Vietnamese businesses.To achieve the goal of raising bilateral trade turnover to USD 25 billion by 2030 in a more balanced and sustainable manner, while removing trade barriers to facilitate greater market access for both sides, the Trade Office was instructed to formulate phased action plans with clear roadmaps. These plans should identify sectors with strong growth potential, priority regional markets, appropriate promotional tools, and policy support mechanisms to be proposed to the Ministry of Industry and Trade.As a specific example, Minister Le Manh Hung highlighted the potential for developing a Vietnam - India supply chain in the textile and footwear industries, emphasizing the need to clarify opportunities for cooperation in raw materials, intermediate production, and enterprise connectivity in order to leverage the complementary strengths of both countries. He also called for a deeper analysis of why certain areas of cooperation have not yet delivered expected outcomes, with a view to proposing practical solutions and reporting to Ministry leadership, particularly regarding trade barriers and the progress of negotiations to upgrade the ASEAN - India Trade in Goods Agreement (AITIGA).<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/13/cccc-12044853.png" alt="Officials and staff of the Trade Office later took a group photograph with Minister Le Manh Hung and the delegation."></figure>Officials and staff of the Trade Office later took a group photograph with Minister Le Manh Hung and the delegation.In response to the Minister’s guidance, Bui Trung Thuong affirmed that the Vietnam Trade Office in India will continue to innovate its working methods in a more proactive and results-oriented manner, closely aligned with bilateral trade development objectives.The Trade Office will focus on strengthening its market intelligence database, developing sector-specific trade promotion plans, and expanding engagement with major Indian associations and corporations. At the same time, it will proactively advise on solutions to address challenges facing Vietnamese businesses, thereby contributing to the achievement of the bilateral trade target of USD 25 billion by 2030 in line with the strategic orientations of the two countries’ leaders and the Ministry of Industry and Trade.Phuong Trang

Minister of Industry and Trade Le Manh Hung urged stronger trade promotion efforts to help lift Vietnam - India bilateral trade to USD 25 billion by 2030.

Vietnam targets USD 25 billion in trade with India by 2030

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2026/5/12/dientu-1778552620508189761330.jpg" alt="Viet Nam seeks opportunities amid global economic challenges: HSBC- Ảnh 1."></figure>Dr. Frederic Neumann, Chief Asia Economist at HSBC and Yun Liu, Senior ASEAN Economist at HSBC said, in a year with tariffs dominating the news headlines, Viet Nam saw record-high trade.While it may be tempting to attribute this to front-loading effects when exporters rushed to ship goods, Viet Nam's cemented position in global electronics trade came to the rescue after the front-loading effect had faded.This did not come overnight, rather it is thanks to consistent efforts to attract quality foreign direct investment (FDI), improve the business environment, and move up the value chain.HSBC highlighted that over a third of Viet Nam's exports are electronic products. It now plays a bigger role in final electronics assembly, specializing in finished consumer electronics, thanks to supply-chain diversification from tech multinationals like Samsung.While mainland China remains in the dominant position for many of these exports, Viet Nam's share of consumer electronics, including smartphones, printers and computers, has seen a notable jump from almost none to 8-15 percent in 15 years.Besides consumer electronics, Viet Nam is also striving to climb up the value chain further, targeting the integrated circuits segment. Indeed, Viet Nam has actually captured more share in the U.S. market in certain consumer electronics, defying the tariff risks, noted HSBC specialists.But it's not only the traditional exports market that the nation is targeting: new trade opportunities are of crucial importance. Viet Nam has a large portfolio of free trade agreements (FTAs), including the flagship EU-Viet Nam FTA.In the long term, Viet Nam's advantage remains, as FDI reflects international investors' confidence in an economy's medium- to long-term growth potential.Viet Nam's GDP expanded 7.83 percent in the first quarter of 2026, according to the National Statistics Office.With an export turnover of US$107.75 billion in 2025, computers, electronic products and components not only sustained their position as Viet Nam's largest exports by value, but also contributed more than half of the overall increase in the country's export value in 2025./.

Despite headwinds, Viet Nam defied the tariff pressure and proved its economic resilience with remarkable GDP growth of 8 percent in 2025, placing it as Asia’s second fastest growing economy, according to HSBC.

Viet Nam seeks opportunities amid global economic challenges: HSBC

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/11/1-1778471058453985156355.jpg" alt="Viet Nam-India relations: From CSP to enhanced CSP- Ảnh 1."></figure>Vietnamese General Secretary and President To Lam (R) and Indian Prime Minister Narendra ModiAmbassador to Viet Nam Tshering W. Sherpa made the assessment after the recent state visit of Vietnamese General Secretary and State President To Lam, to India.The India-Viet Nam journey endures over time. Though diplomatic relations between India and Viet Nam were established in 1972, our friendship and close relations is based on the millennia-old civilizational linkages which are manifested in our shared Buddhist and Cham heritage. As nations with a history of struggle for independence from colonial rule that mutually inspired our national movements, the last eight decades have been a remarkable journey of togetherness, showing sensitivity to each other's concerns and supporting each other's aspirations and national development visions.A decade of mutual achievements (2016-2026)Over the past decade, especially, since 2016, dimensions of our relations have, both, expanded and deepened. Our bilateral relations have evolved into more robust and multifaceted synergized frameworks, which have been built on the bedrock of mutual trust, civilizational heritage and mutual respect as also solidarity.Our cooperation has expanded across sectors with forward strides in all areas, particularly, political engagements, development partnership, defence &amp; security cooperation, people-to-people relations and trade &amp; commerce.Our bilateral trade has more than doubled since 2016; from US$ 8 billion in 2015-2016 to US$16 billion in 2024-2025. These are impressive developments and reflect the synergy between the two sides. However, our bilateral trade is still below 2 percent of our respective global trade; counter-intuitive to the fact that we are two of the fastest growing economies. The guidance by leaders of the two countries to strive towards a new trade goal of US$25 billion by 2030, therefore, sits well with the expectations of both sides to realize our potential.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/11/2-17784711720561301867840.jpg" alt="Viet Nam-India relations: From CSP to enhanced CSP- Ảnh 2."></figure>Vietnamese General Secretary and President To Lam (L) holds summit meeting with Indian Prime Minister Narendra ModiA future-oriented and forward-looking eraOur leaders have also envisioned that the India-Viet Nam partnership in the new era will be future-oriented and forward-looking. And nothing speaks about the future more than harnessing technologies. So, what's in store for the India-Viet Nam partnership when it comes to harnessing technologies?While continuing to strengthen the traditional pillars of our partnership in an upward trajectory, focus will be on initiating cooperation in new domains, particularly, in innovation, critical and emerging technologies, renewable energy, health care, space technology, digital public infrastructure, fintech and pharmaceuticals, among others. Technology has become a key driver of growth, development and value chain in today's world. Given that India and Viet Nam, both, are rapidly growing economies with aspirational societies, our demand sets are aligned. There are many similarities in our technology push and on incorporating technology trends into our respective national economic plans. We will work with Viet Nam in realizing the potential in these critical and novel areas. We already have ongoing dialogue mechanisms on IT, S&amp;T, and other areas which need to be energized and refocused in line with demands of the current requirements.Further, as both sides move towards net-zero emissions, our national energy transition successes and experiences can benefit each other from our respective models and policies. Viet Nam's entry into the International Solar Alliance (ISA), earlier this year, was a step in this direction.In our framework, harnessing technologies is not restricted only to the definition in its raw sense. Both sides also make efforts to leverage this to strengthen the traditional bonds between the peoples of two countries. We know that Buddhism is the celestial bridge which embraces the two societies warmly. The spiritual welcome accorded during the Exposition of Holy Relics of Lord Buddha in Viet Nam in 2025 is a testimony to this everlasting bond. What we have undertaken together is leveraging technology to restore and conserve our heritage as well. The extensive and technically niche works being carried out by the Archaeological Survey of India at the UNESCO World Heritage Site in My Son is a case in point.With this same approach, both sides also understand that this framework stands to evolve further with increasing people-to-people ties. In the last decade, therefore, both sides have worked closely to increase people-to-people connectivity manifold. While at the Government-to-Government levels, we have relaxed visa regimes, at commercial levels, we have more than 90 direct flights operating per week between India and Viet Nam. Direct air connectivity has played a pivotal and catalytic role as a force multiplier to promote trade, tourism and business ties. Tourism has been the largest beneficiary with international travellers between the two countries, reaching to 900,000. In addition, we are also exploring the possibility of direct shipping connections between the two countries. Further, supply chain resilience and energy security are priority areas for collaboration, as well.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/11/3-17784712120661092239101.jpg" alt="Viet Nam-India relations: From CSP to enhanced CSP- Ảnh 3."></figure>Significance of the State VisitThis State Visit to India has taken place at a time when the world is marked by uncertainty and rapid change. The global order is undergoing a period of profound transition, shaped by shifting power balances, ongoing conflicts and economic fragmentation. India has set its journey towards deeper engagement with like-minded countries with similar views and convergences. We have sought to maximise freedom of choice and maintain autonomy in decision making. It is in this backdrop that the State Visit of the General Secretary and State President H. E. To Lam to India assumes importance. There could not have been a more appropriate time for our leaders to meet and exchange views as we both share mutual interests in promoting peace, stability and prosperity in the region.TakeawaysThe visit of General Secretary and State President To Lam has added an important chapter and momentum to our relations, now guided by the Enhanced Comprehensive Strategic Partnership. As India's Ambassador, following are some of my key takeaways from this landmark visit:First, Viet Nam is a key partner in our 'Act East' policy and Viet Nam joining the Indo-Pacific Oceans Initiative (IPOI) underlines our convergence on the multilateral platform. In addition, strengthening the voice and role of the Global South in global governance underscores the growing strategic convergence to promote international order based on international law.Second, Opening doors for cooperation in the domain of innovation and digital payment systems. Enabling cross border payment connectivity such as QR code-based payments further enhancing trade, tourism and commerce.Third, Continuing to work together towards conservation of our traditional cultural heritage. The restoration of the Nhan Tower and establishment of a Site Interpretation Centre at the UNESCO World Heritage site at My Son reflects our common heritage. The digitisation of Cham Manuscripts of Viet Nam is also an effort in this direction.&nbsp;Fourth, Collaboration and partnership in inter alia digital public infrastructure, 6G, Artificial Intelligence, space, nuclear technology and critical minerals supply chain resilience. We will work together in domains of critical and emerging technologies. The address by General Secretary and President H. E. To Lam at the India-Viet Nam Innovation Forum, co-hosted by India's Ministry of Electronics and IT (MeitY) and Vietnam's Ministry of Science &amp; Technology, is a testimony to our common resolve to forge partnerships in these new areas.&nbsp;Fifth, the visit to India's financial and commercial capital by General Secretary and President H. E. To Lam reflects that trade &amp; commerce is a key pillar of our partnership. The Business Forum attended by over 200 companies exhibits the mutual interest and desire to enhance mutually balanced trade. We will encourage investments and facilitate conducive environment for this.Sixth, continuing our deep cultural bonds, we will celebrate India Cultural Week in Viet Nam and Viet Nam Cultural Week in India in 2027 as we commemorate 55 years of establishment of diplomatic ties.Seventh, strengthen the existing academic linkages between the two sides. Indian Council for Cultural Relations (ICCR) Chairs in Indian Studies will be established in the Da Nang University and the University of Social Science and Humanities.&nbsp;Eighth, bring together Nalanda University and the Ho Chi Minh National Academy of Politics to promote leadership exchange and excellence in academics.&nbsp;Ninth, institutionalise relationship between the two commercial capitals, Mumbai and Ho Chi Minh City.&nbsp;Tenth, opening market access for agricultural products in respective markets.Eleventh, healthcare is a domain of immense value and importance to both the countries. We will work together towards resilient supply of quality and affordable pharmaceutical products to Viet Nam to ensure health security.&nbsp;Twelfth, consistent support for ASEAN Unity and ASEAN Centrality in the evolving regional architecture for regional peace, stability and prosperity. India is one of those countries which has a country-specific ASEAN Summit mechanism viz. India-ASEAN Summit. As unanimously agreed by all ASEAN members, 2026 has been designated as "Year of ASEAN-India Maritime Cooperation".&nbsp;Thirteenth, apart from being two rapidly growing economies, India and Viet Nam also cherish youthful demographics and aspirational societies. Our respective development visions – Developed India @ 2047 (Viksit Bharat @2047) and Viet Nam 2045 – have complementarities.Elevation of the India – Viet Nam bilateral relationship to Enhanced Comprehensive Strategic Partnership, by the two leaders, has underscored that both sides reaffirm to translate the enormous goodwill into tangible outcomes.I would urge the readers to read the Joint Statement released during the State Visit of General Secretary and President To Lam on 'Enhanced Comprehensive Strategic Partnership'.This is just the beginning of our journey. The sky is not the limit for India and Viet Nam!&nbsp;

The state visit of Vietnamese General Secretary and State President To Lam, to India is a significant milestone in the India-Viet Nam relations, said Indian Ambassador to Viet Nam Tshering W. Sherpa.

Viet Nam-India relations: From CSP to enhanced CSP

On May 7, 2026, the 27th Meeting of the ASEAN Economic Community Council (AECC 27) took place in Cebu City, the Philippines. The Vietnamese delegation attending the meeting was led by Deputy Minister of Industry and Trade Phan Thi Thang, accompanied by representatives from several relevant units under the Ministry.The 27th ASEAN Economic Community Council Meeting was chaired by Cristina Aldeguer-Roque, representing the Philippines as ASEAN Chair for 2026. The meeting was attended by ASEAN Economic Ministers, the Deputy Secretary-General of ASEAN, and representatives from international organizations including the Asian Development Bank (ADB), the ASEAN+3 Macroeconomic Research Office (AMRO), and the Economic Research Institute for ASEAN and East Asia (ERIA).<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/08/1-23102948.png" alt="Deputy Minister Phan Thi Thang attended the 27th ASEAN Economic Community Council Meeting."></figure>Deputy Minister Phan Thi Thang attended the 27th ASEAN Economic Community Council Meeting.At the meeting, ministers reviewed and discussed the global economic landscape as well as the region’s resilience in the face of emerging challenges. The meeting agreed that ASEAN should shift its focus from merely responding to external shocks toward building long-term strategic resilience. Delegates also commended the proactive role of the ASEAN Chair in steering adaptive policy proposals, particularly through the Special AECC Session on the Middle East situation held on April 30, which explored strategic solutions to mitigate risks of energy supply disruptions while ensuring energy and food security.Based on an updated report presented by the Philippines, the meeting acknowledged progress in implementing the 19 Priority Economic Deliverables (PEDs) under the Philippines’ ASEAN Chairmanship in 2026. Notable achievements included efforts toward the substantial conclusion of negotiations for the ASEAN - Canada Free Trade Agreement (ACAFTA) and the signing of the ASEAN Digital Economy Framework Agreement (DEFA). Regarding ASEAN Economic Community-building efforts, the meeting noted that more than 87% of the ASEAN Economic Community (AEC) 2025 Blueprint had been completed and discussed the implementation of the AEC Strategic Plan 2026 - 2030 toward the ASEAN Community Vision 2045.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/08/2-23105226.png" alt="The 27th ASEAN Economic Community Council Meeting."></figure>The 27th ASEAN Economic Community Council Meeting.The meeting also devoted significant attention to sustainable development and digital transformation agendas, including the ASEAN Strategy for Carbon Neutrality, the ASEAN Circular Economy Framework, the ASEAN Blue Economy Framework, the ASEAN Power Grid, and the Bandar Seri Begawan Roadmap on ASEAN Digital Transformation. Particular emphasis was placed on the progress of negotiations on the ASEAN Digital Economy Framework Agreement (DEFA), with the goal of concluding negotiations and signing the agreement in 2026 to strengthen regional competitiveness and further contribute to ASEAN’s economic growth.In addition, the meeting took note of ongoing discussions concerning Timor-Leste’s fulfillment of obligations related to ASEAN economic agreements as part of its accession process toward full ASEAN membership. The meeting also discussed the elevation of the ASEAN–ADB partnership through the anticipated signing of a Memorandum of Understanding between ASEAN and ADB, featuring a proposed financial support package of up to USD 30 billion. The package is expected to support ASEAN in realizing the ASEAN Vision 2045, with a focus on strategic infrastructure projects such as the ASEAN Power Grid (APG), digital transformation, and capital market development.At the meeting, Deputy Minister Phan Thi Thang highly appreciated the leadership role of the ASEAN Chair in proactively adapting to and responding to the fast-changing and increasingly complex developments in the global economic and trade environment. The Deputy Minister shared several policy recommendations and cooperation orientations that ASEAN member states could consider in order to strengthen the resilience of the regional economy against external impacts. She also emphasized that Vietnam stands ready to work closely with other ASEAN member states to translate shared commitments into concrete actions, enhance ASEAN’s economic resilience, and jointly steer the ASEAN community steadily through challenges and uncertainties while ensuring the timely fulfillment of the region’s 2026 priority economic deliverables.The 27th ASEAN Economic Community Council Meeting concluded successfully on the morning of May 7, 2026, with the adoption of several important documents, including the Monitoring, Evaluation, Accountability and Learning (MEAL) Framework for overseeing and assessing the implementation of activities under the ASEAN Economic Community Strategic Plan 2026 - 2030, the Roadmap for Streamlining AEC Meetings to improve the operational efficiency of the economic pillar, and the Report of the 27th ASEAN Economic Community Council Meeting. These outcomes completed the preparations of the economic pillar for the 48th ASEAN Summit, scheduled to take place on May 8, 2026.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/05/08/3-23111467.png" alt="Deputy Minister Phan Thi Thang also met with delegates attending the 27th ASEAN Economic Community Council Meeting."></figure>Deputy Minister Phan Thi Thang also met with delegates attending the 27th ASEAN Economic Community Council Meeting.On the sidelines of the meeting, and following a proposal from Singapore, Deputy Minister Phan Thi Thang held a bilateral meeting with Gan Kim Yong to discuss a range of bilateral and multilateral economic cooperation issues, including negotiations on the DEFA, the upgraded ASEAN Trade in Goods Agreement (ATIGA), and Singapore’s proposal for the ASEAN Green Economy Framework Agreement (GEFA).Following the conclusion of AECC 27, Deputy Minister Phan Thi Thang continued accompanying the Prime Minister’s delegation to attend the 48th ASEAN Summit and participate in bilateral meetings between the Prime Minister and leaders of ASEAN member states, the ASEAN Secretary-General, and ADB representatives, with the aim of further strengthening bilateral and multilateral economic and trade cooperation in the coming period.Phuong Trang

The 27th ASEAN Economic Community Council Meeting focused on regional resilience, digital transformation and sustainable growth amid global economic uncertainties.

27th ASEAN Economic Community Council Meeting

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/img5054-17782404632871811537271-1778246273076896941750.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 1."></figure>Prime Minister Le Minh Hung meets with Malaysian Prime Minister Anwar Ibrahim in Cebu, the Philippines, May 8, 2026. Photo: VGPIn his meeting with Malaysian Prime Minister Anwar Ibrahim, Prime Minister Le Minh Hung thanked Anwar for his fine affections for Viet Nam, affirming that Viet Nam attaches importance to the relations with Malaysia.Le expressed his wish that Viet Nam and Malaysia would collaborate closely to promote the Comprehensive Strategic Partnership established in November 2024.Prime Minister Anwar said he always admires President Ho Chi Minh and Viet Nam's aspiration for national independence.Anwar affirmed that Malaysia views Viet Nam as an important partner and wishes to further bolster cooperation with Viet Nam.The two Prime Ministers agreed to continue consolidating strategic political trust through the exchange of delegations at all levels, and enhance trade and investment cooperation.They concurred to carry out joint projects in the fields of energy, petroleum, science and technology, digital transformation, innovation, and artificial intelligence; promote trade in electricity through the ASEAN Power Grid and trilateral cooperation between Viet Nam, Malaysia and Singapore.On the occasion, the two leaders compared notes on several regional and international issues of mutual concern.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/img5035-1778239517850132450516-1778246272143147704558.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 2."></figure>Prime Minister Le Minh Hung (right) meets with Lao Prime Minister Sonexay Siphandone in Cebu, the Philippines, May 8, 2026. Photo: VGPAt his meeting with Lao Prime Minister Sonexay Siphandone, Prime Minister Le Minh Hung reassured that Viet Nam always gives the highest priority to the relations with Laos.The two Prime Ministers agreed to continue consolidating political trust, effectively maintain the exchange of delegations at all levels and bilateral cooperation mechanisms, work together to prepare well for the events marking the 65th founding anniversary of diplomatic relations and 50th anniversary of the signing of the Treaty on Friendship and Cooperation in 2027.The two leaders agreed to continue close coordination at regional and international forums; improve the effectiveness of trilateral cooperation among Viet Nam, Laos, and Cambodia.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/ttg-1778242010119870012356-1778247024910145966419.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 3."></figure>Prime Minister Le Minh Hung (right) meets with Indonesian President Prabowo Subianto in Cebu, the Philippines, May 8, 2026. Photo: VGPDuring his meeting with Indonesian President Prabowo Subianto, Prime Minister Le Minh Hung reassured that the Government of Viet Nam treasures the traditional friendship and cooperation with Indonesia, emphasizing that the elevation off the bilateral ties to a Comprehensive Strategic Partnership in March 2025 marked an important milestone in the history of the Viet Nam-Indonesia relationship.The two leaders voiced support for expanding market access for the two countries' exports with a view to soon achieve the two-way trade goal of US$18 billion.Both sides agreed to continue promoting cooperation in energy, petroleum exploration and exploitation to ensure energy security.The two leaders also compared notes on several regional and international issues of shared interest, underscoring the importance of working with other ASEAN Member States to promote multilateralism, cooperation, solidarity and central role of ASEAN.They agreed to work together with other ASEAN Member States to push for ASEAN's common positions on regional and international issues of common concern.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/sing-17782378411621048811764-17782465283411888495604.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 4."></figure>Prime Minister Le Minh Hung (right) meets with Singaporean Prime Minister Lawrence Wong in Cebu, the Philippines, May 8, 2026. Photo: VGPDuring his meeting with Singaporean Prime Minister Lawrence Wong, Prime Minister Le Minh Hung spoke highly of the advancement in bilateral economic cooperation, expressing his wish that both countries will promote the progress of clean energy connectivity projects, contributing to ensuring energy security in respective countries amid the current volatile world.Prime Minister Wong highly valued the Vietnamese Government's current strong reform agenda, expressing his belief that the Vietnamese economy will continue robust growth in the coming time.Wong pledged that Singapore will continue assistance for the Vietnamese Government in implementing reform efforts in its new era of national development and international integration.The two Prime Ministers agreed to maintain exchanges and contacts at all levels and across various channels; effectively implement the Action Program for Viet Nam-Singapore Comprehensive Strategic Partnership for 2025-2030 period.Both sides also agreed to coordinate closely at multilateral forums and consolidate ASEAN solidarity and centrality.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/anh-17782393356681963513340-17782462725841008329540.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 5."></figure>Prime Minister Le Minh Hung (right) meets with Thai Prime Minister Anutin Charnvirakun in Cebu, the Philippines, May 8, 2026. Photo: VGPIn his meeting with Thailand's Prime Minister Anutin Charnvirakun, Prime Minister Le Minh Hung congratulated Anutin upon his election as the new Prime Minister of Thailand.He promised to actively work with Prime Minister Anutin to further advance the Comprehensive Strategic Partnership with Thailand in a substantive, effective and strong manner.Prime Minister Anutin affirmed the Thai Government attaches importance to consolidating and strengthening cooperation with the Vietnamese Government to further bolster the bilateral ties.The two leaders agreed to consolidate political trust through enhancing the exchange of high-level delegations and exchanges; continue coordination to promote the effectiveness of cooperation and dialogue mechanisms between the two countries.The two sides also agreed to boost the two-way investment, further facilitate market access for their goods in a balanced and sustainable fashion.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/8/img5047-1778240106215266775494-17782462715891103969401.jpg" alt="Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu- Ảnh 6."></figure>Prime Minister Le Minh Hung meets (right) with ASEAN Secretary-General Kao Kim Hourn in Cebu, the Philippines, May 8, 2026. Photo: VGPAt his meeting with ASEAN Secretary-General Kao Kim Hourn, Prime Minister Le Minh Hung appreciated the important contributions of the ASEAN Secretariat and the Secretary-General to promoting coordination and cooperation in building the ASEAN Community. Le affirmed that Viet Nam wishes to continue close cooperation and collaboration with other ASEAN Member States and the ASEAN Secretariat in this process.The Prime Minister invited Secretary-General Kao to Viet Nam to attend the 3rd ASEAN Summit in Ha Noi from June 9-19./.

Prime Minister Le Minh Hung had bilateral meetings with Malaysian Prime Minister Anwar Ibrahim, Lao Prime Minister Sonexay Siphandone, Singaporean Prime Minister Lawrence Wong, Indonesian President Prabowo Subianto, Thai Prime Minister Anutin Charnvirakun, and ASEAN Secretary-General Kao Kim Hourn on the sidelines of the 48th ASEAN Summit in Cebu, the Philippines on May 8.

Prime Minister Le Minh Hung meets ASEAN leaders, Secretary-General in Cebu

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/5/7/phillipines-17781621844171022478720.jpg" alt="Prime Minister Le Minh Hung meets Philippine President ahead of regional Summits - Ảnh 1."></figure>Prime Minister Le Minh Hung (R) meets Philippine President Ferdinand Romualdez Marcos Jr. in Cebu, the Philippines, May 7, 2026 - Photo: VGPThe Philippine President welcomed Le's participation in the regional summits for the first time in his capacity as Prime Minister of Viet Nam. He highly valued the positive developments in the Philippines–Viet Nam Strategic Partnership over the past years and expressed his wish that both sides would continue to further promote bilateral cooperation in a substantive, effective and comprehensive manner.Marcos appreciated Viet Nam's active coordination during the Philippines' ASEAN Chairmanship year, promising to work closely with Viet Nam and other ASEAN member states to further promote intra-bloc economic and trade cooperation, while consolidating an environment of peace, stability, and development in the region amid global uncertainties.The two countries have significant potential and room for cooperation in areas such as economy and trade, security and defense, tourism, and people-to-people exchanges, said Marcos.The host voiced his support for opening more direct flights between cities in both countries, and hailed the joint coordination in organizing events to commemorate the 50th founding anniversary of diplomatic relations in 2026.Le emphasized that this year will be a particularly significant year as the two countries celebrate the 50th anniversary of their diplomatic relations. He affirmed that the Government of Viet Nam attaches great importance and seeks to further promote the Strategic Partnership with the Philippines.Le reassured Viet Nam's support for the Philippines to successfully undertake the role as the ASEAN Chair in 2026, contributing to strengthening ASEAN solidarity, unity, and its central role in the regional architecture.The two leaders agreed that the two countries should give high priority to promoting the exchange of delegations and soon raising the two-way trade to US$10 billion in the near future.They also agreed to boost cooperation in ensuring food security, energy security, and marine science research; promptly conclude negotiations and sign an agreement on education cooperation as well as a tourism cooperation program for the 2026–2029 period.Both leaders vowed to continue mutual support at multilateral forums, and to actively work with ASEAN member states and China to advance negotiations on the Code of Conduct in the East Sea (COC) that is substantive and effective in accordance with international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS)./.

Prime Minister Le Minh Hung on Thursday met with Philippine President Ferdinand Romualdez Marcos Jr. in Cebu, ahead of the 48th ASEAN Summit and related Summits.

Prime Minister Le Minh Hung meets Philippine President ahead of regional Summits

Viet Nam and China have issued a Joint Statement on further deepening the Comprehensive Strategic Cooperative Partnership and advancing the building of a Viet Nam–China community with a shared future that carries strategic significance at a higher level in the new era.

Viet Nam, China issue joint statement on deepening Comprehensive Strategic Cooperative Partnership in new era

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/4/16/eurocham-17763019276261697442919.png" alt="Confidence in Viet Nam as premier investment destination remains strong: EuroCham- Ảnh 1."></figure>In its Business Confidence Index (BCI) for the first quarter of 2026 released on Wednesday, EuroCham reported that an impressive 93 percent of European businesses say they would recommend the market, which is among the highest endorsement levels in the history of the BCI.This indicates that investors are clearly distinguishing between short-term operational challenges and their long-term strategic outlook.EuroCham reported the index at 72.7 points, down 7.3 points from its peak of 80 in the fourth quarter of 2025. The decline reflects a pragmatic recalibration by investors in response to escalating geopolitical tensions.However, the index remains significantly higher than the average of the past four years, underscoring a consistent message that while global turbulence may weigh on short-term sentiment, Viet Nam's long-term appeal is firmly preserved.EuroCham Chairman Bruno Jaspaert said, the BCI data shows that while the geopolitical weather outside may be stormy, Viet Nam's economic foundations remain resilient.The survey revealed that companies with deeper engagement in Viet Nam tend to perform better. Among firms positioning Viet Nam as a key market in their regional strategy, 65–68 percent reported positive business results and 96 percent were willing to recommend the country.By contrast, companies with only a limited or cautious presence in Viet Nam show far weaker results, with just 23 percent reporting positive performance and less than half recommending the market, dwarfing the metrics slightly.Jaspaert said that "when over nine out of ten businesses continue to champion this market, it speaks volumes about Viet Nam's extraordinary potential for growth. The sustained GDP performance we are seeing, with Q1 2026 expanding by 7.83 percent – outpacing the same period last year, reinforces this confidence."The numbers in this BCI proved that the deeper companies anchor their operations in Viet Nam, the more financially resilient they become, even when the broader global picture is fraught with risk, he said.Notably, the newly elected Government has also highlighted the focus on private economy as a key driver of growth. These are exactly the foundations investors look for when making long-term commitments, Jaspaert said."As Viet Nam enters this era of rising, competitiveness will increasingly depend on execution: easing administrative burdens, decentralising decision-making, and ensuring greater regulatory clarity. EuroCham stands ready to work closely with the Government and our partners to turn these priorities into real outcomes, ensuring that Viet Nam's strong growth story continues to attract investment, innovation, and sustainable development," the EuroCham Chairman said./.

Despite near-term headwinds, confidence in Viet Nam as a premier investment destination remains strong, said European Chamber of Commerce in Viet Nam (EuroCham).

Confidence in Viet Nam as premier investment destination remains strong: EuroCham

Boosting Vietnam - China education and innovation tiesOn the afternoon of April 14, in Beijing, China, General Secretary of the Communist Party of Vietnam and President of Vietnam To Lam visited and delivered a policy speech at Tsinghua University.As part of his state visit to China from April 14 - 17, General Secretary and President To Lam, accompanied by his spouse and a high-level Vietnamese delegation, attended the Vietnam - China Forum on Higher Education Cooperation, Science, Technology and Innovation. The forum was jointly organized by China’s Ministry of Education and Vietnam’s Ministry of Education and Training. During the event, he delivered a policy address at Tsinghua University.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/15/1-10280878.png" alt="General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNA"></figure>General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNAAlso attending were members of the Vietnamese high-level delegation; Yin Li, Member of the Political Bureau and Secretary of the Beijing Municipal Party Committee; leaders from the Ministry of Education of China and Vietnam’s Ministry of Education and Training; along with numerous professors, lecturers, and students of Tsinghua University.Addressing faculty members and students, General Secretary emphasized that Tsinghua University has educated many great friends of the Vietnamese people, including outstanding leaders of China such as General Secretary and President Xi Jinping, along with many other Party and State leaders of China.He underscored that Vietnam and China are neighboring countries sharing many cultural similarities and long-standing traditions. Geography has bound the two nations together through shared mountains and rivers, while history has connected them through thousands of years of exchanges.The peoples of both countries have steadfastly nurtured this relationship with sincerity and a shared aspiration for peace, stability, and development. The Party, State, and people of Vietnam consistently regard the development of relations with China as an objective requirement, a strategic choice, and a top priority in Vietnam’s foreign policy of independence, self-reliance, multilateralization, and diversification. This consistent policy reflects the fundamental and long-term interests of both countries, aligns with the aspirations of their peoples, and contributes significantly to regional and global peace, stability, cooperation, and development.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/15/2-10283697.png" alt="General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNA"></figure>General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNAHe expressed his satisfaction with the positive progress in cooperation between Vietnamese educational and research institutions and Tsinghua University. Leaders on both sides have identified priority areas such as artificial intelligence, semiconductors, science and technology, and high-quality human resource training. These directions, he noted, are both timely and essential, and should be further expanded in the future.Currently, approximately 25,000 Vietnamese students are studying in China, reflecting the growing depth of educational exchange between the two countries. He expressed confidence that Vietnamese students in China, including those at Tsinghua, serve as bridges of friendship, cultural ambassadors, and representatives of Vietnam’s spirit of learning, openness, and aspiration for advancement. Likewise, Chinese students studying and conducting research in Vietnam contribute to strengthening mutual understanding between the two peoples.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/15/3-10285501.png" alt="General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNA"></figure>General Secretary and President To Lam delivers a policy speech at Tsinghua University. Photo: VNALooking ahead, he stressed the need to further consolidate the political and social foundations of Vietnam - China relations. For bilateral ties to develop in a stable, healthy, and sustainable manner, they must be built on political trust, mutual respect, people-to-people understanding, and the shared determination of successive generations of leaders of both Parties and States. Enduring friendship, he noted, must be passed down across generations and nurtured among the people, especially the youth.In this regard, alongside high-level exchanges and cooperation among ministries, sectors, and localities, greater attention should be paid to people-to-people exchanges, including youth, academic, cultural, educational, and tourism exchanges. This would help ensure that every citizen, particularly the younger generation, feels a sense of responsibility in preserving and enriching Vietnam - China friendship.He called for stronger, more substantive cooperation, with strategic connectivity as the focus, tangible outcomes as the measure, and the interests of both peoples as the ultimate goal. Science, technology, innovation, and digital transformation, he said, should become new highlights and pillars of bilateral relations in the new era.Vietnam is entering a new development phase, in which science, technology, innovation, and digital transformation are identified as key drivers for achieving strategic goals toward 2030 and 2045. He affirmed that Vietnam places particular importance on cooperation with China in complementary areas such as artificial intelligence, big data, cloud computing, semiconductors, automation, robotics, green technology, biotechnology, new materials, clean energy, and other strategic technology sectors.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/15/4-10291461.png" alt="General Secretary and President To Lam signs the guestbook at Tsinghua University. Photo: VNA"></figure>General Secretary and President To Lam signs the guestbook at Tsinghua University. Photo: VNAHe expressed hope that Vietnam - China cooperation will not only grow stronger in trade and investment, but also in knowledge, technology, innovation, and future-building capacity.Youth as a bridge for bilateral friendshipWithin this vision, education and training, along with the development of high-quality human resources, must be prioritized above all. To advance in the 21st century, Vietnam needs a new generation equipped with strong scientific foundations, the ability to master modern technologies, innovative thinking, and the capacity for global integration.Vietnam hopes that more of its students, researchers, and young scientists will have opportunities to study and conduct research at leading institutions in China, including Tsinghua University. He also expressed the desire for Tsinghua to further expand cooperation with Vietnamese universities and research institutes through student and academic exchanges, joint training programs, collaborative research, co-supervised programs, and the establishment of joint research groups and laboratories in key fields.He further emphasized the importance of deepening youth connectivity between the two countries, enabling young people to become both inheritors of friendship and pioneers in shaping the future. He encouraged Vietnamese and Chinese youth not only to learn from each other but also to collaborate in innovation, entrepreneurship, and addressing major development challenges, from education, healthcare, environment, and energy to smart cities, green agriculture, and the digital economy.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/15/5-10293606.png" alt="General Secretary and President To Lam and delegates from both countries pose for a group photo. Photo: VNA"></figure>General Secretary and President To Lam and delegates from both countries pose for a group photo. Photo: VNAAlongside expanding cooperation, both sides should continue to maintain a peaceful and stable environment, enhance strategic coordination, and properly manage existing differences.Building on the legacy of friendship carefully cultivated by previous generations, with trust as the foundation, substantive cooperation as the driving force, science and innovation as breakthroughs, and youth as the bridge to the future, To Lam expressed confidence that Vietnam - China relations will continue to develop in a positive, stable, and sustainable manner, bringing tangible benefits to both peoples and contributing to peace, cooperation, and development in the region and the world.On this occasion, General Secretary and President To Lam signed the university’s guestbook, expressing his admiration for the dedication of faculty members and the academic spirit of students that have created a high-quality educational environment. He also praised the Tsinghua spirit of “self-discipline and social commitment,” noting it as a shared noble value between the peoples of Vietnam and China.Phuong Trang

Vietnam and China pushed stronger cooperation in education, science and innovation, with a focus on AI, semiconductors and youth exchange as key future drivers.

Boosting Vietnam - China education and innovation cooperation

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/4/9/hanoi-1775698550671891853391.jpg" alt="Viet Nam becomes first country in Southeast Asia to ratify UN Convention against Cybercrime- Ảnh 1."></figure>The signing ceremony of the United Nations (UN) Convention against Cybercrime (Ha Noi Convention) in Ha Noi, October 25, 2025Viet Nam has become the first country in Southeast Asia and the second in the world ratifying the Convention.It is the first treaty of the UN named after a Vietnamese location, marking a historic milestone in Viet Nam's process of international integration, demonstrating the country's capacity and standing in addressing common issues of the international community.As the host, Viet Nam worked with the UN to successfully organize the Convention's opening signing ceremony in Ha Noi in October 2025, with the participation of leaders and representatives from more than 110 countries and international organizations.Of whom, 72 countries officially signed the convention, which serves as a bridge to promote dialogue, cooperation, and trust-building within the international community on issues related to cybersecurity and cyberspace governance.The ratification of the Convention reflects Viet Nam's strong and consistent commitment to upholding international law, the UN Charter, and multilateralism. As an official member, the nation can contribute more substantively to the development of the international legal framework in cyberspace.The Ha Noi Convention provides an important international legal basis for Viet Nam to enhance the effectiveness of preventing, detecting, investigating, and handling cybercrime, meeting the requirements of safeguarding national security and social order in the context of digital transformation and deep international integration.It also serves as a key driver for improving the domestic legal system, ensuring compatibility with international standards and obligations, while strengthening institutional, technical, and human resource capacities in combating cybercrime.The Convention consists of nine chapters and 68 articles, establishing a comprehensive international legal framework for cooperation in preventing and combating cybercrime.Qatar was the first country to ratify the convention which will enter into force once 40 countries become parties./.

General Secretary and State President To Lam has signed a decision to ratify the United Nations (UN) Convention against Cybercrime (also known as Ha Noi Convention).

Viet Nam becomes first country in Southeast Asia to ratify UN Convention against Cybercrime

On the morning of April 8, continuing its First Session, the 16th National Assembly voted to adopt a resolution approving the Prime Minister’s proposal on the appointment of ministers and other members of the Government for the 2026 - 2031 tenure.A total of 481 deputies took part in the vote, with all 481 voting in favor, representing 100 percent of those present and 96.20 percent of the total number of National Assembly deputies.Accordingly, the 16th National Assembly officially approved Le Manh Hung, a member of the Party Central Committee and Acting Minister of Industry and Trade, to assume the position of Minister of Industry and Trade for the 2026 - 2031 term.The Ministry of Industry and Trade’s Portal respectfully introduces a brief biography of Minister of Industry and Trade Le Manh Hung:<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/08/le-manh-hung-13345076-15553838.jpg" alt="Vietnam’s National Assembly approves Le Manh Hung as Minister of Industry and Trade - 1"></figure>Phuong Trang

On April 8, 2026, at the First Session of the 16th National Assembly, the legislature officially approved Le Manh Hung, a member of the Party Central Committee and Acting Minister of Industry and Trade, to serve as Minister of Industry and Trade for the 2026 - 2031 term.

Vietnam’s National Assembly approves Le Manh Hung as Minister of Industry and Trade

Ensuring resources and coordinated implementationThe Prime Minister has issued Decision No. 601/QĐ-TTg approving a Plan to implement the National Assembly’s Resolution on several special mechanisms and policies aimed at improving the effectiveness of international integration (the Plan).The Plan is designed to clearly define tasks, timelines, implementation progress, and responsibilities of relevant agencies, organizations, and individuals in executing the Resolution. It aims to ensure timeliness, consistency, unity, enforceability, and overall effectiveness.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/04/07/screen-shot-2026-04-07-at-51014-pm-17104166.png" alt="The Plan also stipulates support for enterprises operating overseas. Photo: Trung Quan"></figure>The Plan also stipulates support for enterprises operating overseas. Photo: Trung Quan&nbsp;&nbsp;&nbsp;It also emphasizes the need to secure essential resources, including financial capacity, human resources, and infrastructure, while ensuring the efficient use of the state budget and other lawful funding sources.The Plan sets requirements to enhance awareness, accountability, and coordination mechanisms among ministries, ministerial-level agencies, government bodies, Vietnamese representative offices abroad, provincial and municipal People’s Committees, and other relevant stakeholders in implementing the Resolution nationwide.A key priority is to strengthen communication and dissemination efforts. Starting in 2026, ministries, sectors, media agencies, and local authorities will coordinate to roll out nationwide campaigns to promote the Resolution.From 2026 onward, the Ministry of Foreign Affairs, in coordination with ministries such as Industry and Trade, Home Affairs, Education and Training, and Science and Technology, along with media agencies, will work with the Government Office and local authorities to disseminate the Resolution. Other institutions, including the Office of the President, the Office of the National Assembly, and judicial bodies, are also encouraged to participate within their respective mandates.Institutional Development, Data Systems, and Long-Term MonitoringAlongside communication efforts, ministries and sectors are tasked with developing a system of legal documents detailing the provisions of the Resolution, to be completed within the first quarter of 2026.The Ministry of Foreign Affairs will take the lead, in coordination with the Government Office, the Ministry of Public Security, the Ministry of Industry and Trade, the Ministry of Justice, the Ministry of Finance, and relevant agencies, in drafting a Government decree detailing several provisions of the Resolution. These include participation in multilateral organizations and forums without the need to sign international treaties, encouraging the presence of international organizations and special missions in Viet Nam, and supporting enterprises operating abroad.In addition, the Ministry of Industry and Trade will lead the drafting of another Government decree, in coordination with relevant agencies, to provide detailed regulations on ensuring resources for building and operating an ecosystem to leverage free trade agreements (FTAS), as well as supporting industry associations in trade remedy cases abroad.In the second quarter of 2026, the Ministry of Foreign Affairs will issue guidance on implementing the mechanisms and policies outlined in the Resolution, based on the Resolution and its guiding documents.From 2026, the Ministry of Foreign Affairs, in coordination with the Government Office, the Ministry of Finance, the Ministry of Science and Technology, and other relevant bodies, will develop and operate a national database on international commitments. This will be built on the upgraded and expanded database on international treaties launched on December 29, 2025.Notably, in the third quarter of 2028, the Ministry of Foreign Affairs will lead the preparation of a report assessing the implementation of provisions under Article 10, particularly regarding the handling of difficulties and obstacles in implementing key and strategic cooperation projects with foreign partners.A comprehensive report on the implementation of the Resolution during its effective period (from January 1, 2026, to December 31, 2030) is scheduled for completion in the first quarter of 2031.Relevant bodies, including the Office of the President, the Office of the National Assembly, the National Assembly’s Committee for National Defense, Security and Foreign Affairs, the Supreme People’s Court, and the Supreme People’s Procuracy, will coordinate in providing information and reports on implementation progress.<blockquote>The Plan also stipulates that, on an annual basis, ministries, ministerial-level agencies, government bodies, and provincial and municipal authorities will carry out commendation and reward activities, in accordance with the law on emulation and commendation, for organizations and individuals making significant contributions to the development and implementation of the Resolution.</blockquote>Le An

The implementation plan for a set of special mechanisms and policies has been developed to accelerate international integration, enhance coordination efficiency, and ensure adequate resources for synchronized execution.

Promoting international integration through new policy mechanisms

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/4/3/a8c8fd52f81e7940200f-1775129944873214828066-17751812448141577026858.jpg" alt="Prime Minister Pham Minh Chinh receives foreign guests- Ảnh 1."></figure>Prime Minister Pham Minh Chinh (R) and Volkov Alexei Aleksandrovich, Chairman of the Belarusian State Forensic Examination Committee, Ha Noi, April 2, 2026 - Photo: VGP/Nhat BacDuring the meeting with the Belarusian guest, the Prime Minister affirmed that cooperation in security and law enforcement remains a traditional and key pillar of the Viet Nam–Belarus Strategic Partnership, underpinned by strong mutual trust. He reiterated that Viet Nam attaches importance to its long-standing friendship with Belarus and appreciates the support extended by the former Soviet Union and Belarus, including during the COVID-19 pandemic.Pham expressed his desire to further strengthen the bilateral ties in a way that contributes to peace, stability and sustainable development globally. He suggested the two countries enhance high-level exchanges, boost coordination at international forums and make effective use of intergovernmental cooperation mechanisms.&nbsp;Pham also urged both sides to address obstacles in bilateral economic cooperation and encourage businesses to expand investment, particularly in Belarus's areas of strength such as agriculture, fertilizers, machinery and chemicals.The Vietnamese Prime Minister underscored the need to deepen cooperation in defense and security, while expanding collaboration in science and technology, education and training, culture, tourism and people-to-people exchanges, including at the local level.For his part, Aleksandrovich said that discussions with Viet Nam's Ministry of Public Security had resulted in agreements to intensify cooperation through more delegation exchanges. He noted that Belarus stands ready to support Viet Nam in training high-quality personnel in forensic science and criminalistics, and expressed appreciation for the Vietnamese Government's support in facilitating cooperation between the two sides.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/4/3/ea87556e6222e37cba33-17751308207951188428410-17751813360862040837047.jpg" alt="Prime Minister Pham Minh Chinh receives foreign guests- Ảnh 2."></figure>Prime Minister Pham Minh Chinh (R) and Professor Alec Cameron, President and Vice-Chancellor of Royal Melbourne Institute of Technology, Ha Noi, April 2, 2026 - Photo: VGP/Nhat BacAt his meeting with Professor Cameron, Pham commended the contributions of RMIT Viet Nam over the past 25 years in training skilled human resources and promoting educational cooperation between Viet Nam and Australia. He noted that reputable international institutions like RMIT have helped improve education quality, expand academic exchanges and strengthen mutual understanding.To further enhance cooperation, Pham encouraged RMIT to continue effectively implementing its training programs in Viet Nam, contributing to human resource development and strengthening students' global integration capacity. He suggested that if RMIT views Viet Nam as a strategic base, it should expand investment in infrastructure, develop its teaching staff and ensure sufficient learning resources to operate as a comprehensive university.The Prime Minister also called for expanding enrolment and diversifying academic disciplines, particularly in high-demand areas such as digital technology, artificial intelligence, green economy, innovation and technology governance. He called for stronger collaboration between RMIT and Vietnamese businesses, research institutions and universities to support innovation, startups and knowledge transfer, while also expanding scholarship programs and research partnerships.Professor Cameron affirmed that RMIT's presence in Viet Nam is driven not only by commercial goals but also by a commitment to supporting the country's human resource development. He revealed plans to expand operations with additional campuses in Ha Noi and Ho Chi Minh City, and expressed appreciation for the Vietnamese Government's support, hoping that relevant agencies will continue to facilitate the expansion process.Prime Minister Pham reaffirmed that the Government consistently creates favorable conditions for reputable international education institutions, including RMIT, to operate in line with Vietnamese law and contribute to national development. He added that relevant agencies are working to resolve procedures to support the establishment of a new RMIT campus in Ha Noi, and encouraged Professor Cameron to continue proposing initiatives to deepen cooperation in education, training and research, thereby strengthening the Viet Nam–Australia partnership./.

Prime Minister Pham Minh Chinh on April 2 hosted separate receptions for Volkov Alexei Aleksandrovich, Chairman of the Belarusian State Forensic Examination Committee and Professor Alec Cameron, President and Vice-Chancellor of Royal Melbourne Institute of Technology.

Prime Minister Pham Minh Chinh receives foreign guests

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/4/2/carbon-1775097753837710108578.png" alt="Viet Nam gains nearly US$72 million from carbon credit - Ảnh 1."></figure>This is the second time the country has gained significant revenue from "selling clean air" through carbon credits.Through a results-based payment mechanism, Viet Nam will be paid&nbsp;corresponding to independently verified reductions in greenhouse gas emissions.These results were achieved by reducing deforestation and forest degradation, while increasing forest carbon stocks through afforestation and the restoration of natural forests.The funding from this project will be reinvested to strengthen forest-related policies, institutions, and enforcement measures.Specifically, the Green Climate Fund (GCF) on April 1 officially approved a funding proposal submitted by the JICA in coordination with the Vietnamese Government for a results-based payment project under the REDD+ mechanism.The proposal, titled "Viet Nam Reducing Emissions from Deforestation and Forest Degradation (REDD+) results-based payments for results period of 2014", was endorsed at the 44th meeting of the GCF Board held in the Republic of Korea on March 26, 2026.Through the project's activities, Viet Nam will gradually address the main causes of deforestation and forest degradation, promote sustainable forest management, and improve the livelihoods of local communities that depend on forests.The project is expected to be implemented over a period of six years, led by Viet Nam's Ministry of Agriculture and Environment, in coordination with provincial People's Committees in the project areas. The target locations include provinces in the Northwest and Northeast regions, namely Dien Bien, Lai Chau, Lao Cai, Son La, Phu Tho and Tuyen Quang.The approval of this project further affirms the long-standing and effective cooperation between JICA and Viet Nam in the field of REDD+, including support for policy development, forest monitoring systems, and the measurement, reporting, and verification of emission reductions and removals.In the coming time, JICA will continue to work closely with the Government of Viet Nam and relevant stakeholders to promote forest conservation, mitigate the impacts of climate change, and move toward sustainable development.At the beginning of 2024, Viet Nam successfully sold 10.3 million forest carbon credits (equivalent to 10.3 million tons of CO₂) for the first time through the World Bank (WB). With a price of US$5 per ton of carbon absorbed, the total contract value reached US$51.5 million./.

The Japan International Cooperation Agency (JICA) announced that Viet Nam will receive an additional US$71.96 million from carbon credit.

Viet Nam gains nearly US$72 million from carbon credit

​Nghi Son plays a pivotal roleRepresentatives from the Ministry of Industry and Trade included leaders of the Oil and Coal Department, the Planning, Finance and Enterprise Management Department, the Domestic Market Management and Development Agency, the Ministry Office, and the Newspaper of Industry and Trade. Thanh Hoa province was represented by Mai Xuan Liem, Standing Vice Chairman of the provincial People’s Committee, along with leaders from the provincial Department of Industry and Trade.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/1-16354545.png" alt="Acting Minister Le Manh Hung held a working session with NSRP on energy security issues amid complex developments driven by the conflict in the Middle East. Photo: Nam Nguyen"></figure>Acting Minister Le Manh Hung held a working session with NSRP on energy security issues amid complex developments driven by the conflict in the Middle East. Photo: Nam Nguyen&nbsp;Reporting at the session, Kazutaka Yamato, Director of Nghi Son Refinery and Petrochemical LLC, said the plant currently supplies around 40% of Vietnam’s petroleum product demand, playing a critical role in maintaining stable domestic supply. In response to geopolitical tensions in the Middle East and disruptions to shipping through the Strait of Hormuz, the refinery is urgently seeking alternative crude oil sources while maintaining operations at full capacity.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/2-16360862.png" alt="Kazutaka Yamato,&nbsp;Director of Nghi Son Refinery and Petrochemical LLC, reports to Acting Minister Le Manh Hung at the working session. Photo: Ngo Nhung"></figure>Kazutaka Yamato,&nbsp;Director of Nghi Son Refinery and Petrochemical LLC, reports to Acting Minister Le Manh Hung at the working session. Photo: Ngo Nhung&nbsp;At the meeting, Le Xuan Huyen, Deputy Director in charge of the executive board of Petrovietnam, outlined plans to secure crude oil supply for NSRP in the coming period. The group will coordinate with relevant units to diversify sourcing from multiple markets to avoid supply disruptions.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/3-16363888.png" alt="Le Xuan Huyen reports on plans to address crude oil supply for NSRP in the coming period. Photo: Ngo Nhung"></figure>Le Xuan Huyen reports on plans to address crude oil supply for NSRP in the coming period. Photo: Ngo Nhung&nbsp;<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/4-16365961.png" alt="Mai Xuan Liem, Standing Vice Chairman of the Thanh Hoa Provincial People’s Committee, speaks at the working session. Photo: Ngo Nhung"></figure>Mai Xuan Liem, Standing Vice Chairman of the Thanh Hoa Provincial People’s Committee, speaks at the working session. Photo: Ngo Nhung&nbsp;Acting Minister directs key solutionsAfter hearing reports, Acting Minister Le Manh Hung acknowledged and highly appreciated the efforts of Petrovietnam and NSRP in maintaining fuel supply despite significant challenges. He noted that, according to international organizations, the current situation may represent the most severe crisis since the 1970s, directly affecting Southeast Asia, with Vietnam particularly exposed due to its status as a net energy importer.Vietnam imports around 70% of its crude oil and petroleum products, much of it linked to the Middle East, making it essential to enhance risk awareness and management.The Acting Minister requested that Petrovietnam and NSRP conduct a comprehensive review after one month of response measures to draw lessons for risk management. He emphasized the need to adjust technological configurations to process intermediate feedstocks, adopt flexible governance mechanisms with stronger decentralization for faster decision-making, and fully calculate conditions to ensure secure crude supply, including contingency plans. He also called for optimization of technology, increased output, product restructuring to improve efficiency, and close coordination with distributors to avoid disruptions in delivery.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/5-16372165.png" alt="Acting Minister Le Manh Hung commends the efforts of Petrovietnam and NSRP in maintaining fuel supply despite challenging conditions. Photo: Nam Nguyen"></figure>Acting Minister Le Manh Hung commends the efforts of Petrovietnam and NSRP in maintaining fuel supply despite challenging conditions. Photo: Nam NguyenFor Petrovietnam, he urged coordination with shareholders to address crude supply in accordance with the 2022 Petroleum Law and Resolution No. 36/NQ-CP dated March 6, 2026. In addition, standards and quality requirements should be reviewed and adjusted to suit the current context of potential shortages.​<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/6-16390909.png" alt="Acting Minister Le Manh Hung conducts a site inspection at Nghi Son Refinery and Petrochemical LLC. Photo: Nam Nguyen"></figure>Acting Minister Le Manh Hung conducts a site inspection at Nghi Son Refinery and Petrochemical LLC. Photo: Nam Nguyen&nbsp;&nbsp;The Acting Minister also asked Thanh Hoa authorities to continue directing the Department of Industry and Trade and market surveillance forces to strictly monitor the distribution system and individual fuel retail outlets, preventing hoarding and profiteering. At the same time, he stressed the need to promote energy conservation, targeting a reduction of 1 - 1.5% in energy intensity per GDP unit by 2030, and to accelerate energy transition efforts, aiming for at least 30% electrification to reduce dependence on fossil fuels.Le Manh Hung assigned the Oil and Coal Department to take the lead in monitoring and updating developments for regulatory response, while supporting NSRP in working with international partners to secure crude oil supplies from the Middle East. Notably, he underscored that the proposal to reduce import tariffs on intermediate feedstocks to 0% is justified and should be advanced in the upcoming decree.In the long term, he called for the development of a comprehensive national energy reserve strategy.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/7-16401237.png" alt="Key role of Nghi Son highlighted in safeguarding fuel supply - 7"></figure><figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2026/03/31/8-16402482.png" alt="Acting Minister Le Manh Hung and the delegation hold a working session on ensuring energy security."></figure>Acting Minister Le Manh Hung and the delegation hold a working session on ensuring energy security.&nbsp;Phuong Trang

Acting Minister Le Manh Hung held talks with NSRP to secure fuel supply amid Middle East tensions and potential crude disruptions.

Key role of Nghi Son highlighted in safeguarding fuel supply

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/3/26/hn-1774494691466772071362.jpg" alt="Party Central Committee agrees to transform Dong Nai into centrally-governed city- Ảnh 1."></figure>The above agreement was reached on March 25 at the second meeting of the 14th Central Committee of the Communist Party of Viet Nam (CPV).Dong Nai province is located in the Southeast region and forms part of the Southern Key Economic Zone. After merging with Binh Phuoc province in July 2025, the locality has a population of over 4.4 million, ranking third nationwide after Ha Noi and Ho Chi Minh City. It covers an area of 12,730 square kilometers, ranking ninth in the country.In 2025, the locality's GRDP grew by 9.63 percent, exceeding the government's target by 1.13 percentage points. Its GRDP at current prices reached VND 677.932 trillion, an increase of VND 84.468 trillion, while GRDP per capita reached VND 150.86 million.Currently, Viet Nam has six centrally-governed cities, namely Ha Noi, Ho Chi Minh City, Hai Phong, Da Nang, Hue, and Can Tho.At the meeting, the Central Committee also provided opinions on the socio-economic development plan for 2026–2030, the national financial plan, medium-term public investment, and the public debt borrowing and repayment plan for the 2026–2030 period./.&nbsp;

The Party Central Committee has agreed in principle to transform the southern province of Dong Nai into a centrally-governed city, assigning relevant authorities to finalize the dossier for submission to the 16th National Assembly at its early April session.

Party Central Committee agrees to transform Dong Nai into centrally-governed city

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/3/25/eu-1774410955411926087286.jpg" alt="EuroCham launches 2026 Whitebook - Ảnh 1."></figure>Deputy Prime Minister Ho Duc Phoc and European Union Commissioner for International Partnerships Jozef Síkela witness the launch of the WhiteBook 2026, Ha Noi, March 24, 2026 - Photo: VNAThe Whitebook was presented to representatives of the Vietnamese Government in the presence of Deputy Prime Minister Ho Duc Phoc and European Commissioner for International Partnerships Jozef Síkela, on the occasion of the EU–Viet Nam Global Gateway Business and Investment Forum.Speaking at the launch, EuroCham Chairman Bruno Jaspaert stressed that European businesses are already deeply engaged in Viet Nam's economy."We are already here, and we are investing in this country," he said, noting that while European investors may not always be the largest, they bring high-quality, sustainable investments and seek to contribute to the country's long-term development.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2026/3/25/cbb5e1b3d42d4d31894560f0b778f8f8-78173-17744111075931410543620.png" alt="EuroCham launches 2026 Whitebook - Ảnh 2."></figure>This year's publication is the "Must-Win Battles" initiative, which identifies priority reforms capable of delivering rapid and measurable improvements to the business environment.The 2026 edition, spanning 280 pages, reflects a year of work by 20 sector committees and incorporates insights from more than 1,500 European enterprises operating in Viet Nam. Its recommendations cover a wide range of sectors, including energy, logistics, healthcare and digital industries, aiming to improve the investment climate and enhance Viet Nam's competitiveness in Southeast Asia.According to EuroCham, amid intensifying global competition for capital, cost advantages alone are no longer sufficient. Investors are increasingly prioritising regulatory transparency, governance efficiency and sustainability standards."The next step is to ensure consistent implementation. The 2026 Whitebook serves as a roadmap to effectively translate billion-euro investment commitments into tangible results," Jaspaert said.A notable feature of this year's publication is the "Must-Win Battles" initiative, which identifies priority reforms capable of delivering rapid and measurable improvements to the business environment.As Viet Nam seeks to attract the next wave of European investment, EuroCham emphasised that the focus should now shift from commitments to execution, ensuring that policy reforms keep pace with the country's growth ambitions and evolving role in global value chains./.&nbsp;

The European Chamber of Commerce in Viet Nam (EuroCham) on March 24 officially launched the 17th edition of its Whitebook, underscoring the need for more effective policy implementation to translate growing European investment commitments into tangible outcomes.

EuroCham launches 2026 Whitebook

At IOT, we dive in, think big, and work together to bring give you the best solution to your brand. As a team, we’re unstoppable. As individuals, we are inventive, passionate, and committed. As IOT, we thrive in our approach and attitude towards innovation and demand for creative distinction that offers our clients unique below the line results. Our clients keep winning because our people keep raising the bar–day in and day out. We have the right blend of creative courage, strategic thinking, and a relentless commitment to tangibly strengthening our clients’ brands at every interaction.In the fast-paced, high-tech world of nowadays marketing and communications, it is essential to be relevant to changing communication needs and to consistently deliver progressive thinking that can become central to the brand DNA.It is the IOT vision to be Vietnam’s leading marketing and communications agency, establishing a reputation for innovative communication solutions that alter people’s perceptions, transforms behavior and builds lasting relationships with brands.As an aggressive and agile firm, here at IOT, we believe in the fundamentals of communication strategies and have developed a reputation for effective, on-target marketing.Working with many great clients, IOT is known for building and positioning brands along with maximizing the exposure and results for their clients. <a href="https://api.iotcommunication.com.vn/document/IOT%20DA%20FIX_20250310040031.pdf">Corporate capability statement</a>

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

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

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<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.

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<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.