Investment

According to the World Bank, economic damage from climate change in Vietnam in 2020 was estimated at $10 billion, equivalent to 3.2% of GDP.

The Nam Dinh I Thermal Power Plant project in northern Ninh Binh province has fulfilled its core legal, technical, and commercial prerequisites to sign a Build-Operate-Transfer (BOT) contract, paving the way to bolster baseload power supply for northern Vietnam, though its timeline still hinges on financial close, ancillary agreements, and site clearance.

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.