Business

The Government has been rolling out multiple programs to strengthen domestic corporate capacity, starting with continued institutional reform.

Vietnam has called for accelerating negotiations to amend the Vietnam-Eurasian Economic Union Free Trade Agreement (VN-EAEU FTA) to facilitate trade and investment, alongside expanding energy and science-technology cooperation toward a $15 billion bilateral trade target with Russia.

To achieve its 10 percent economic growth target for 2027, Vietnam must mobilize VND6-6.4 quadrillion ($235-251 billion) in total social investment, as the Government focuses on unlocking resources, fostering new growth drivers, and maintaining macroeconomic stability.

Vietnam is one of the few members to have hosted APEC events three times, in 2006, 2017, and upcoming in 2027.

During talks with Chairwoman of the Federation Council of the Russian Federal Assembly Valentina Matviyenko in Hanoi on November 12, NA President Tran Thanh Man urged the two parliamentary bodies to actively coordinate in resolving legal obstacles, thereby facilitating cooperation in economy-trade, investment, energy-oil and gas, science-technology, among others.

The agreements covering technology development, supply chain cooperation and workforce training.