VnEconomy - Vietnam Economic Times

Tax resolution on petrol, oil, aviation fuel adopted

Sun, 12 Apr 2026 06:30:00 GMT

The resolution introducing key provisions on environmental protection tax, value-added tax and excise tax applicable to petrol, oil and aviation fuel passed by the National Assembly on April 12 takes effect from April 16, 2026, to June 30, 2026.

The National Assembly on April 12 adopted a resolution introducing key provisions on environmental protection tax, value-added tax and excise tax applicable to petrol, oil and aviation fuel.

Earlier, lawmakers heard Minister of Finance Ngo Van Tuan, authorised by the Prime Minister, present a report explaining, reviewing and revising the draft resolution. The Government fully incorporated feedback from the National Assembly Standing Committee, the Committee on Economic and Financial Affairs, and deputies, and completed the draft in coordination with relevant agencies in accordance with legislative procedures.

Under the resolution, which consists of four articles, the environmental protection tax rate is set at zero for petrol (excluding ethanol), diesel, kerosene, mazut fuel oil and aviation fuel.

These products are also not subject to VAT declaration or payment, but input VAT remains deductible.

The excise tax rate on all types of petrol is set at 0%.

The resolution takes effect from April 16, 2026, to June 30, 2026.

It also allows the Government to adjust the effective period and, in urgent cases, amend tax-related provisions to respond to market fluctuations, subject to subsequent reporting to the National Assembly.

During its validity, the resolution will prevail in case of inconsistencies with other legal documents on the three tax categories. Businesses and importers of the specified fuel products are not required to declare or pay VAT at import or sale stages.

Other tax matters not covered in the resolution will continue to be governed by existing laws and regulations on taxation and tax administration. - (VNA)

VNA-

No instant ban on petrol-powered transport as Hanoi takes measured approach for Ring Road 1

Sat, 11 Apr 2026 00:00:00 GMT

Under the current plan, starting July 1, 2026, Hanoi will begin piloting "Low Emission Zones" (LEZ) in certain areas within Ring Road 1.

Hanoi will not immediately ban fossil-fuel-powered motorbikes within the Ring Road 1 area starting July 2026. Instead, the city will implement a pilot roadmap with a specific scope and targeted groups of vehicles.

According to the city Department of Construction, the control of vehicles using fossil fuels within Ring Road 1 will not follow a "blanket ban" approach. Instead, it will be rolled out step-by-step, following a roadmap tailored to real-world conditions. This adjustment is a significant shift in response to public concerns regarding the feasibility of applying simultaneous restrictions on private vehicles in the city center.

Choosing a phased roadmap over immediate drastic measures reflects not only considerations for infrastructure and social stability but also demonstrates the link between urban transport policy and broader goals for energy, technology, and green growth.

Under the current plan, starting July 1, 2026, Hanoi will begin piloting "Low Emission Zones" (LEZ) in certain areas within Ring Road 1. The implementation is defined as a controlled emission strategy with a specific scope, timeframe, and designated groups of subjects, rather than a uniform application across the entire route.

The Department of Construction evaluated that this approach aligns with Resolution No. 57/2025/NQ-HĐND of the city People’s Council. Under this resolution, Low Emission Zones are determined based on criteria such as urban planning, traffic congestion levels, and air quality. These areas are characterized by high activity density and significant environmental pressure, making them the starting point for restructuring urban transport.

By avoiding a comprehensive ban and instead limiting restrictions to specific hours, areas, and vehicle groups, the city is adopting an experimental approach. The municipal government will monitor and evaluate the impact of the pilot to adjust policies for each subsequent stage.

The expansion roadmap has also been established in stages following the city's concentric rings: expanding from Ring Road 1 to Ring Road 2 by 2028, and reaching Ring Road 3 by 2030.

Vneconomy-Đan Tiên

Trade ministry considers E10 biofuel rollout from April 2026

Fri, 10 Apr 2026 10:00:00 GMT

Major fuel traders, such as Petrolimex and PVOIL, have reportedly completed basic infrastructure preparations for the shift.

Following the Prime Minister’s Directive 09, the Ministry of Industry and Trade (MoIT) is considering a transition from mineral gasoline to E10 biofuel starting in April 2026.

Major fuel traders, such as Petrolimex and PVOIL, have reportedly completed basic infrastructure preparations for the shift.

The information was shared during the MoIT’s regular first-quarter press conference on the afternoon of April 9.

According to Deputy Director of the Agency for Innovation, Green Transformation, and Industrial Promotion, Mr. Dao Duy Anh, under the Prime Minister's Directive No. 09/CT-TTg, dated March 19, 2026, on energy conservation and accelerating the biofuel adoption roadmap, the MoIT was tasked with overseeing the transition to E10 biofuel within April 2026.

In compliance with the Government’s instructions, the MoIT has requested major petroleum traders to report on their readiness for the transition. Following this, on March 26, 2026, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan chaired a working session with relevant ministries, major traders, and industry bodies, including the Vietnam Biofuel Association and the Vietnam Petroleum Association.

Based on these reports and assessments, the MoIT has identified three key factors that allow for the early implementation of E10: stable supply sources, adequate legal frameworks and infrastructure, and the readiness of businesses in the distribution chain to reach consumers.

Mr. Anh noted that retail stations under major corporations like the Vietnam National Petroleum Group (Petrolimex), PetroVietnam Oil Corporation (PVOIL), and other large market-share holders have fundamentally completed their preparations. However, challenges remain for some smaller enterprises and retail stations regarding infrastructure, such as cleaning storage tanks and installing the additional equipment required to distribute biofuel to the public.

Vneconomy-Huyền Vy

Prime Minister Le Minh Hung outlined three strategic breakthroughs

Fri, 10 Apr 2026 08:30:00 GMT

Speaking at a group discussion during the 16th National Assembly’s first session on April 10, Prime Minister Le Minh Hung stressed that Institutional bottlenecks must be fully resolved in 2026.

Prime Minister Le Minh Hung has stressed that 2026 will be a decisive year to comprehensively address longstanding institutional bottlenecks, as the Government pushes for rapid and sustainable growth.

The PM was quoted by the Vietnam News Agency as speaking at group discussions during the 16th National Assembly’s first session on April 10 that members of the Government had carefully listened to and absorbed lawmakers’ constructive and responsible feedback on the Government’s reports, including those on socio-economic development, public investment, and financial plans for the 2026–2030 period.

He backed proposals to streamline reporting to the legislature by consolidating socio-economic reports into a single comprehensive document, with detailed data presented in appendices, helping deputies save time and gain a more holistic view.

At the session, the Government presented reports reviewing the supplementary assessment of the 2025 socio-economic development plan, the implementation of the 2026 plan, as well as the five-year socio-economic development plan for 2026–2030, the medium-term public investment plan for 2026–2030, the national five-year financial plan, and the public debt borrowing and repayment plan for the same period.

Emphasizing that these reports have largely gained consensus among National Assembly deputies, PM Hung further elaborated on key priorities, particularly the goal of achieving double-digit growth.

He said that this target is supported by strong consensus across the political system. He outlined three strategic breakthroughs, with institutional reform identified as the top priority. He likened institutions to “roads” for the economy, stressing that synchronized and improved regulations will accelerate development.

In 2026, the Government aims to thorough deal with key institutional issues, including a full review of the legal system, development of a modern legal strategy, and removal of obstacles in the two-tier local administration model by the second quarter. It will also complete socio-economic and land-use planning, and address thousands of stalled projects, including those in renewable energy.

He affirmed the Government’s determination to complete the above tasks by the second quarter of 2026, stressing the need for clearer responsibilities of localities in the work.

Administrative reform will also be accelerated, he stated, noting that special mechanisms and policies for particular locality will be reviewed, with ministries tasked to finalize plans to cut unnecessary procedures and business conditions by April 15, reduce compliance costs, and improve the business climate.

On infrastructure, PM Hung said the Government will priorities major and strategic transport, energy, and logistics projects, alongside adjustments to the national power development plan to ensure energy security and expand renewable energy.

Improving human resources is the third breakthrough, with efforts focused on high-quality workforce training linked to innovation, digital transformation, and stronger cooperation among universities, research institutes, and businesses.

To sustain high growth, total social investment is projected to reach around 40% of GDP in the current term, 33% higher compared to the previous term, with public investment accounting for just 20%, requiring the remainder to be mobilized from private and foreign sources. The PM stressed that a transparent and stable legal framework is essential to attract such capital.

He underscored that all growth targets must be built on macroeconomic stability, warning against “overheating” growth that could undermine economic fundamentals. The Government, he added, is closely coordinating fiscal, monetary, and trade policies to mitigate global market fluctuations.

Calling 2026 a pivotal year, the PM affirmed that the Government will continue refining its policies based on feedback from lawmakers to ensure effective implementation of development plans.

VNA-

Heavy pressure on agricultural and seafood exports

Fri, 10 Apr 2026 08:10:00 GMT

Considered to hold great promise, Vietnam agricultural and seafood exports to the Middle East face an uncertain time as regional tensions rise.

The Ministry of Agriculture and Environment has previously described the Middle East as a large and promising market for Vietnam’s agricultural products. Indeed, agricultural exports to the region increased 22.5 per cent year-on-year in 2025, to $1.2 billion.

However, the escalating conflict in the Middle East is disrupting key Asia-Europe shipping corridors, driving freight costs up sharply, tightening insurance conditions, and raising the risk of supply chain disruptions, which all put mounting pressure on Vietnamese exporters of agricultural and seafood products.

Most Vietnamese exports to Europe, Africa, and part of the US normally pass through the Red Sea, the Suez Canal, and the Strait of Hormuz. Any disruption along these critical maritime routes will raise shipping costs, extend transit times, and directly affect export activities.

Dual risks

The Vietnam Association of Seafood Exporters and Producers (VASEP) said seafood exports to the Middle East stood at $401 million last year, up 9.6 per cent against 2024. Exports to the region nearly doubled in the 2020-2024 period, highlighting the solid potential of a market characterized by high purchasing power and stable import demand.

Growth has been driven mainly by pangasius (catfish) exports, with value reaching $175.9 million, up 18.6 per cent, shrimp $54.5 million, up 19.9 per cent, and other ocean fish, up 28.6 per cent. Tuna and pangasius remain the two leading products, accounting for around 70 per cent of total export value to the region.

Canned and pouch-packed tuna in oil or brine has gained popularity among consumers in Israel, the United Arab Emirates (UAE), Saudi Arabia, and Qatar due to competitive prices and reliable supply.

According to a representative from the LuLu Group in the UAE, Vietnam’s fresh produce and processed foods are highly regarded in Middle Eastern markets for their quality, particularly cashew nuts, coffee, and spices, thanks to product diversity and stable supply capacity.

However, in late February and early March, the sharp escalation of tensions along the Iran-Israel axis, coupled with the involvement of the US, cast a shadow over regional trade. In just a short period of time, military tensions translated into a shock for maritime transport and insurance markets in the Middle East.

For the seafood industry, which depends heavily on maritime logistics and cold chains, the impact goes beyond rising costs. Risks of cold chain disruption, shortages of refrigerated containers, and price fluctuations across product segments are emerging concerns, according to VASEP.

The focal point of risk lies in the Strait of Hormuz, a strategic maritime corridor linking the Persian Gulf with the Indian Ocean. As security warnings intensify, several international shipping lines have adjusted operations, requiring vessels to anchor in safer waters and temporarily suspending some routes through the area.

Some Asia-Europe shipping routes have already been diverted around the Cape of Good Hope at the southern tip of Africa instead of passing through the Red Sea - Bab el-Mandeb - Suez Canal corridor. The detour adds 7-14 days to transit times, reducing fleet efficiency and causing shortages of container equipment, particularly refrigerated containers that require higher technical standards and have slower turnaround times.

Freight rates on the Asia-Dubai route nearly doubled within a few days. War-risk surcharges ranging from $1,500 to $4,000 per container are now being applied, with refrigerated containers facing higher fees.

For seafood exporters, these additional charges directly increase production costs and narrow profit margins already under pressure from fluctuations in raw material prices and exchange rates.

At the same time, the maritime insurance market has reacted strongly. Some war-risk and ship-owner liability insurers have announced reductions or cancellations of coverage for vessels operating in Iran and the Persian Gulf, often with very short validity periods.

Notably, even cargo that does not directly pass through conflict zones may incur higher costs if vessels in the shipping chain call at ports located in areas considered high-risk.

In addition to logistics costs, fluctuations in fuel prices are adding financial pressure on exporters. “In previous conflicts involving Israel, seafood exports experienced certain impacts,” a representative from VASEP said. “However, the current situation is considered more serious due to the broader scope of influence and the rapid chain reaction in transport, insurance, and energy markets. If tensions persist, seafood exports to the Middle East could face not only localized disruptions but also ripple effects across related international trade routes.”

Close watch on developments

Military tensions involving the US, Israel, and Iran are also prompting Vietnamese exporters of pepper, spices, cashews, and fruit and vegetables to closely monitor developments and adjust delivery plans. Their biggest concern is the potential surge in shipping and logistics costs if the conflict continues.

Mr. Le Viet Anh, Secretary General of the Vietnam Pepper and Spice Association (VPSA), said many companies are concerned that sea freight rates could rise as some shipping routes are adjusted or suspended. If risks along traditional corridors increase, vessels may be forced to reroute, adding surcharges and transshipment costs.

The Middle East currently accounts for about 15 per cent of Vietnam’s total pepper and spice exports, equivalent to around 35,000-40,000 tons annually. Because shipments are distributed throughout the year, immediate pressure remains manageable, but businesses still hope tensions will ease quickly to avoid long-term impacts.

The cashew sector is also facing indirect effects. Mr. Ta Quang Huyen, General Director of the Hoang Son 1 Joint Stock Company in southern Dong Nai province, said the company currently has several containers of cashew nuts en route to the Middle East. These shipments typically pass through the Suez Canal - Red Sea corridor to reach markets such as Jordan, Israel, and Turkey. If risks increase, vessels may be forced to detour around the Cape of Good Hope, extending transit times by 8-10 days. In that case, war-risk insurance premiums and fuel costs would also rise. Logistics expenses currently account for around 10-20 per cent of total costs for exports to the Middle East and could increase by another 15-25 per cent if tensions persist.

Air freight has also been affected. Several cargo flights to the Middle East have been canceled, forcing exporters of fresh fruit to seek alternative transport options as delivery delays could affect product quality. Meanwhile, any cautious sentiment among importers in signing contracts and making payments could also create ripple effects across Vietnam’s exports to the broader Middle East region if the conflict drags on.

Safeguarding export flows

Amid the complex developments in the Middle East, several agricultural associations have urged exporters to quickly develop long-term contingency plans while diversifying export markets to mitigate the impact if trade with Israel, Iran, and other regional countries faces disruption.

Experts say identifying alternative markets with similar demand profiles is an urgent matter as geopolitical risks intensify. Businesses are also advised to closely analyze the situation and regularly exchange information with relevant ministries and agencies on import-export data, geopolitical developments, shipping conditions, freight rates, and surcharges, to coordinate timely response measures. Alongside market expansion, exporters should carefully review logistics, shipping, delivery, and insurance clauses in contracts.

Shipping agreements should clearly define force majeure provisions, compensation responsibilities, and mechanisms for sharing additional costs in the event of unforeseen disruptions. At the same time, securing comprehensive cargo insurance is considered a key measure to minimize losses should risks materialize in destination markets.

In an increasingly volatile global trade environment, proactive and flexible strategies will be critical for Vietnamese agricultural and seafood exporters to maintain stable export operations and safeguard sustainable growth.

VET-Chuong Phuong

Banks agree to cut interest rates following meeting with new Governor

Fri, 10 Apr 2026 07:30:00 GMT

This move comes as several banks have been aggressively competing for capital, causing market interest rates to spike in recent times.

Immediately following a meeting on the afternoon of April 9 chaired by the new Governor of the State Bank of Vietnam (SBV), Mr. Pham Duc An, commercial banks reached a consensus to lower both deposit and lending interest rates to support businesses and individuals.

This move comes as several banks have been aggressively competing for capital, causing market interest rates to spike in recent times.

During the meeting, the new SBV Governor noted that the international landscape remains complex and unpredictable. Escalating geopolitical and military tensions in the Middle East have driven up oil prices, exerting inflationary pressure on many nations. Domestically, the substantial demand for capital to meet economic growth targets has posed significant challenges to monetary policy management and banking operations.

Regarding capital mobilization and lending, a trend has emerged where some commercial banks are competing for funds, subsequently driving up deposit and lending rate floors. Consequently, the SBV convened a meeting with commercial banks to enforce the directives issued by the Government, the Prime Minister, and the SBV itself.

Moving forward, the SBV stated it will continue to closely monitor fluctuations in deposit and lending rates, as well as the mandatory public disclosure of lending rates on banks' official websites.

The central bank stands ready to implement appropriate monetary policy measures and provide liquidity support to commercial banks. Furthermore, the SBV will enhance inspection, auditing, and supervision to strictly penalize any violations in capital mobilization and credit activities.

Vneconomy-Hoàng Lan

Hanoi and HCMC to mandate motorcycle emission testing from July 2027

Fri, 10 Apr 2026 07:20:00 GMT

This timeline is part of the roadmap for implementing the National Technical Regulation on emission standards for motorcycles and mopeds, recently enacted by the Prime Minister.

Emission testing for motorcycles and mopeds participating in road traffic will officially commence on July 1, 2027, in Hanoi and Ho Chi Minh City. For other centrally-run cities, the requirement will take effect one year later (July 1, 2028), while the remaining provinces will begin inspections on July 1, 2030.

This timeline is part of the roadmap for implementing the National Technical Regulation on emission standards for motorcycles and mopeds, recently enacted by the Prime Minister.

Under the new regulations, emission standards are categorized based on the vehicle's manufacture or import year.

Motorcycles manufactured/imported before 2008 must meet Level 1 — the maximum permissible emission limits defined in the National Technical Regulation.

Motorcycles manufactured/imported from 2008 to the end of 2016 must meet Level 2 standards.

Motorcycles manufactured/imported from 2017 to June 30, 2026 must meet Level 3 standards.

Motorcycles manufactured/imported from July 1, 2026, onwards must meet Level 4 standards.

Mopeds manufactured/imported before 2016 must meet Level 1 standards.

Mopeds manufactured/imported from 2017 to June 30, 2027 must meet must meet Level 2 standards.

And mopeds manufactured/imported from July 1, 2027, onwards must meet Level 3 standards.

Notably, from January 1, 2028, all motorcycles and mopeds operating within Hanoi and Ho Chi Minh City must comply with Level 2 emission standards or higher.

Vneconomy-Nhĩ Anh

First aviation training facility in Vietnam meets European standards

Fri, 10 Apr 2026 07:18:00 GMT

Vietnam Aircraft Engineering Company has been certified by the European Union Aviation Safety Agency (EASA) as a maintenance training organization under EASA Part 147 standards.

Vietnam Aircraft Engineering Company (VAECO), a subsidiary of national flag carrier Vietnam Airlines, has been certified by the European Union Aviation Safety Agency (EASA) as a maintenance training organization under EASA Part 147 standards.

This marks the first time a Vietnamese organization has received the certification, representing a significant step forward in aligning the country’s aviation technical training with international standards.

EASA Part 147 is a globally recognized framework for aircraft maintenance training, enabling organizations to train engineers to European standards and issue certifications authorizing them to sign off maintenance work on various aircraft types, particularly those registered in Europe.

According to VAECO, the certification demonstrates that Vietnam’s domestic training capabilities are approaching international benchmarks, while also helping reduce costs compared to overseas training. This is particularly significant as the country’s aircraft fleet becomes more modern, driving demand for highly skilled technical personnel.

With the new accreditation, VAECO becomes one of the few companies in Southeast Asia to hold both EASA Part 145 and Part 147 approvals, covering maintenance, repair and training capabilities.

The milestone follows preparations since 2024, including the development of instructors, standardised curricula and training systems in coordination with the Civil Aviation Authority of Vietnam.

VnEconomy-Đan Tiên

HCMC eyes massive film studio and AI-integrated music museum

Thu, 09 Apr 2026 23:30:00 GMT

The film studio is intended to meet the evolving needs of the film and television industry while attracting high-quality, large-scale domestic and international film productions.

As the cultural industry emerges as a new pillar of economic growth, Ho Chi Minh City is refining its mechanisms, infrastructure, and resources. The city is currently prioritizing the development of a large-scale film studio and a music museum utilizing AI and digital technologies.

The municipal People’s Committee has issued directives to local departments to urgently implement the conclusions of the City Party Secretary, Mr. Tran Luu Quang, following his recent meeting with the business community operating in the cultural industry.

Accordingly, the People's Committee has tasked relevant units with researching and advising on favorable policies regarding funding, land use, and administrative procedures. These efforts aim to create the most favorable conditions for businesses and individuals to participate in the development of the cultural economy.

The Department of Culture and Sports has been assigned to coordinate with other agencies to study investment plans for a massive film studio complex, spanning approximately 100 to 150 ha. This facility is intended to meet the evolving needs of the film and television industry while attracting high-quality, large-scale domestic and international film productions.

In addition to the film studio project, the People’s Committee has directed departments to review and propose public investment for other key cultural works.

Specifically, the Department of Culture and Sports will lead the research and proposal for the "Vietnam Music Museum". This project will utilize Artificial Intelligence (AI) and digital transformation in its collection and exhibition processes. The museum’s goal is to preserve and showcase the essence of national music while providing modern interactive experiences to engage the public, particularly the younger generation.

In the context of globalization and the digital technology boom, the cultural industry is increasingly becoming a vital pillar of the creative economy worldwide.

In Vietnam, this strategic orientation has been formalized through Resolution 80-NQ/TW, which targets a 7% contribution to GDP from cultural industries by 2030. One of the most promising avenues being explored is film-induced tourism, a sector that has already proven its economic effectiveness in many other countries.

Vneconomy-Thanh Thủy

Vietnam Medical Tourism Alliance launched

Thu, 09 Apr 2026 08:00:00 GMT

The alliance aiming to promote Vietnam as a leading global hub for integrated medical tourism.

The Vietnam Medical Tourism Alliance (VMTA) was officially launched in Hanoi on April 7, aiming to promote Vietnam as a leading global hub for integrated medical tourism.

The alliance targets attracting an additional 1–2 million medical tourists, extending the average length of stay from 7–8 nights to 15–30 nights, and generating annual revenue of $3–5 billion.

Established under the guidance of the Viet Nam National Authority of Tourism (VNAT) and the Medical Services Administration, the VMTA brings together organizations operating across healthcare, tourism, technology and finance.

The alliance’s core mission includes integrating and effectively utilizing national resources, standardizing medical tourism services to international benchmarks, and building a seamless, transparent and personalized patient journey. It also seeks to promote a digital ecosystem while enhancing Vietnam’s position on the global medical tourism map.

Technology is expected to play a pivotal role, connecting all components within the ecosystem, ensuring smooth data flows and improving the overall customer experience.

According to the sector’s report, Vietnam’s medical tourism revenue exceeded $850 million in 2025 and has been growing at an annual rate of around 18%. If the trend continues, the market could reach approximately $4 billion by the early 2030s.

VnEconomy-Tường Bách

Vietnam's stock market will be upgraded from a frontier market to an emerging market in September

Thu, 09 Apr 2026 06:00:00 GMT

The global index provider FTSE Russell makes the confirmation in its latest mid-cycle review, released on April 8.

Vietnam's stock market will be upgraded from a frontier market to a secondary emerging market in September this year, following the latest mid-cycle review released by global index provider FTSE Russell on April 8.

Vietnamese equities will be gradually included in FTSE Russell’s global index system starting September 21, with the process expected to continue through 2027.

The decision reflects the Index Governance Board’s satisfaction with the country’s progress, particularly in implementing the global broker model—a key requirement for effective index replication.

The upgrade places Vietnam alongside major emerging markets such as India and China, and is expected to open the door to greater participation from passive investment funds in the local stock market.

The move follows a series of market-oriented reforms aimed at improving accessibility and transparency. These include the introduction of a non-pre-funding mechanism, a framework to handle failed trades, and expanded access for foreign investors through global brokerage channels—measures that help reduce transaction risks and enhance investor confidence.

Although Vietnam had already met the criteria for “secondary emerging market” status in a previous review, the latest assessment signals meaningful improvements in actual trading conditions and market operations. This marks a shift from meeting formal requirements on paper to achieving practical standards expected by international investors.

VnEconomy-Tuệ Lâm

Becamex-Thaco consortium proposes $4.5 bln investment for two metro lines in Ho Chi Minh City

Thu, 09 Apr 2026 03:00:00 GMT

These two urban railway lines hold significant potential, serving as vital links between the city center and the former province of Binh Duong, while completing the regional urban rail network.

The consortium of Becamex IDC and Truong Hai Group (Thaco) has submitted a proposal to the Ho Chi Minh City People’s Committee to study the investment for two major rail projects: Metro Line 1 (Binh Duong New City – Suoi Tien section) and Metro Line 2 (Thu Dau Mot – HCMC section).

According to the proposal, the Binh Duong New City – Suoi Tien route will span approximately 32.4 km. It is planned to feature 19 elevated stations and one depot located in Binh Duong Ward (in the former province of Binh Duong, now part of Ho Chi Minh City). The total investment cost, excluding loan interest, is estimated at VND64.37 trillion (approx. $2.11 billion).

Meanwhile, the Thu Dau Mot – HCMC route is designed to be over 24 km long with 14 elevated stations. The consortium proposes that this line share a depot with Metro Line 1 in Binh Duong Ward or with Metro Line 3 in Hiep Binh Ward. This project has a projected investment of nearly VND60 trillion (approx. $2.3 billion).

The consortium noted that the city plans to prioritize resources to complete the Binh Duong New City – Suoi Tien line by 2030 and the Thu Dau Mot – HCMC line by 2035. These two urban railway lines hold significant potential, serving as vital links between the city center and the former province of Binh Duong, with Thu Dau Mot being once its capital, while completing the regional urban rail network.

Based on this vision, the consortium intends to conduct a comprehensive study and proposes implementing the projects under the Transit-Oriented Development (TOD) model via Public-Private Partnership (PPP). This approach aims to maximize the mobilization of private investment, reduce the burden on the state budget, and ensure financial feasibility and long-term operational efficiency.

The consortium aims to finalize all legal procedures within 2026 to ensure the projects are ready for groundbreaking in the first quarter of 2027, with the goal of beginning commercial operations by 2030.

Following the expansion of its administrative boundaries, Ho Chi Minh City’s planned urban railway network now comprises 27 lines with a total length of approximately 1,012 km. This includes 12 lines spanning 305 km in the former province of Binh Duong and 3 lines totaling 125 km in the former province of Ba Ria - Vung Tau (now part of Ho Chi Minh City).

Vneconomy-Thanh Thủy

Japan expands job sectors for Vietnamese workers

Wed, 08 Apr 2026 23:30:00 GMT

Under the updated SSW program, Japan has added three new sectors to the existing 16, bringing the total number of eligible industries to 19. The new additions include linen supply, logistics/warehousing, and resource circulation.

The Department of Overseas Labor under the Vietnamese Ministry of Internal Affairs announced on April 8 new policies from the Japanese government regarding the Specified Skilled Worker (SSW) program and the newly established Employment for Skill Development (ESD) program.

Under the updated SSW program, Japan has added three new sectors to the existing 16, bringing the total number of eligible industries to 19. The new additions include linen supply, logistics/warehousing, and resource circulation.

The 16 sectors already in operation include: nursing care (caregiving), building cleaning, industrial product manufacturing, construction, shipbuilding and ship machinery, automobile maintenance, aviation, hospitality, automobile transport, railways, agriculture, fisheries, food and beverage production, food services, forestry, and wood processing.

In addition to expanding the list, Japan will adjust and subdivide certain existing sectors. Starting from April 2027, industries such as automobile maintenance and food/beverage production will be split into more specific trade categories to more accurately meet the demands of the labor market.

Furthermore, the Japanese government has introduced the ESD program, which is set to launch in April 2027 with 17 approved sectors. This program is designed to provide diverse pathways and skill-building opportunities for foreign laborers, including those from Vietnam.

The 17 sectors under the ESD program include: nursing care, building cleaning management, construction, shipbuilding and marine equipment, automobile maintenance, hospitality (hotels), agriculture, fisheries and aquaculture, food services, wood industry, forestry, industrial product manufacturing, railways, food and beverage production, linen supply, logistics/warehousing, and resource circulation.

These policy updates are expected to significantly broaden employment opportunities and create a more structured environment for Vietnamese workers looking to build their careers in Japan.

Vneconomy-Nhật Dương

Vietnam’s trade in face of the Middle East conflict

Wed, 08 Apr 2026 10:00:00 GMT

The latest escalation in the Middle East conflict has Vietnamese exporters seeking new markets and importers seeking new suppliers, with both studying the logistics landscape.

The conflict in the Middle East involving the US, Israel, and Iran is having a significant impact on international supply chains, posing risks for an open economy like Vietnam. Geopolitical volatility not only threatens energy security but also pushes logistics costs higher, directly eroding profit margins for domestic import-export businesses.

The most immediate and visible impact of the conflict on Vietnam’s trade is the disruption of shipping routes through the Red Sea and the Suez Canal - critical gateways linking trade between Asia, Europe, and the eastern US. As tensions escalate, major shipping lines have been forced to reroute vessels around the Cape of Good Hope at the southern tip of Africa to ensure safety. The detour, however, extends shipping times by 10-15 days and leads to additional surcharges and higher container freight rates.

Global logistics pressures

Delivery delays not only disrupt production plans but also lead to shortages of empty containers at Vietnam’s ports. As ship turnaround times lengthen, the return flow of containers to export ports slows, creating a ripple effect that pushes freight rates higher.

For products with low profit margins or agricultural goods with short shelf lives, the situation poses a critical challenge. Rising logistics costs reduce the competitiveness of Vietnamese goods in international markets, particularly in key destinations such as the EU and the US, where consumers are tightening spending amid inflation.

The Export-Import Department at the Ministry of Industry and Trade has issued Document No. 229/XNK-TLH outlining recommendations to mitigate the impact of the conflict. It stated that military strikes and retaliatory actions have created severe instability and a high-risk environment for transportation, international trade, and global supply chains.

Global prices for consumer goods, fuel, and oil are expected to rise in the time to come, creating indirect and multidimensional negative impacts on Vietnam’s production, import-export activities, and trade with the Middle East. For the logistics sector, higher fuel prices will push up maritime and air freight rates while affecting cargo routes serving Gulf countries.

Meanwhile, many Middle Eastern countries have restricted or closed their airspace due to security concerns, forcing cargo and transport flights to reroute, lengthening flight times and increasing logistics costs. Shipping through the Strait of Hormuz has nearly stalled since the airstrikes on Iran by the US and Israel. Iran has warned vessels that passing through the Strait is unsafe, forcing shipping companies to avoid the conflict zone or change routes, significantly increasing travel time and fuel costs.

The Middle East is the world’s energy hub, and any military action involving Iran - a country with major influence over the Strait of Hormuz - could trigger strong volatility in crude oil prices. The conflict has raised concerns over potential disruptions to global oil supply.

For manufacturers in Vietnam, rising oil prices not only increase domestic transport costs but also indirectly push up the prices of key input materials such as plastics, chemicals, fertilizers, and synthetic fiber. This creates “double pressure” as businesses face both rising production costs and soaring maritime freight rates.

Seafood is among the hardest-hit exports due to the nature of frozen products, which have limited shelf lives and require strict storage conditions. Longer shipping times increase electricity costs and raise risks to product quality. Similarly, major agricultural exports such as coffee, cashew nuts, and rice are gradually losing their price advantage as logistics costs account for an increasingly large share of total selling prices.

For the textile and footwear sectors, though most contracts are delivered on a Vietnam port basis, excessively high shipping costs are prompting international importers to reduce order volumes or ask manufacturers to share the risk by lowering selling prices.

Five strategic solutions

The Agency of Foreign Trade at the Ministry of Industry and Trade has urged industry and logistics associations to closely monitor the situation and regularly coordinate with relevant State management agencies to provide updated information to members. This will help businesses proactively adjust production plans, import-export arrangements, and cargo transportation strategies to avoid congestion and minimize the negative impacts of the ongoing conflict.

To improve flexibility and resilience against future disruptions in the international business environment, the Agency recommends that Vietnamese enterprises focus on five strategic solutions.

First, diversify supply sources and seek alternative markets with similar demand to reduce dependence on exports to Israel, Iran, and the Middle East, while preparing long-term contingency plans for similar disruptions.

Second, during negotiations and contract signings, businesses should pay greater attention to logistics, transportation, delivery, and insurance clauses to protect against risks and losses. Shipping contracts should include force majeure provisions, compensation mechanisms, and cost-sharing arrangements in case of disruptions. Businesses should also ensure adequate insurance coverage for goods to minimize potential losses.

Third, businesses should proactively analyze developments and coordinate information exchange with relevant ministries and agencies regarding trade data, geopolitical changes affecting business operations, and developments in freight capacity, shipping rates, and surcharges in order to develop timely response strategies.

Fourth, companies should build contingency and adaptation plans to minimize risks and losses from incidents in international trade and transportation while preparing rapid response measures to limit disruptions to supply chains.

Fifth, businesses should regularly engage with relevant State agencies such as the Agency of Foreign Trade, the Vietnam Trade Promotion Agency, the Department of Foreign Market Development, and Vietnam trade offices overseas to identify new orders and potential markets that can serve as alternatives.

Facing mounting challenges, Vietnamese companies are actively seeking ways to adapt in order to maintain export momentum. Large companies have begun shifting trading terms from CIF (cost, insurance, and freight) to FOB (free on board), to transfer shipping control and transportation risks to foreign partners.

Meanwhile, small and medium-sized enterprises (SMEs) are focusing on nearby markets such as ASEAN, China, and Japan to reduce dependence on Red Sea shipping routes and better utilize free trade agreements. Some businesses are also increasing inventories of raw materials despite higher financial costs.

In the long term, experts recommend that Vietnam invest more heavily in logistics infrastructure, develop its international shipping fleet, and shift towards producing higher value added goods.

Current geopolitical volatility presents challenges but also offers an opportunity for businesses to review supply chains and strengthen risk management capacity. With support from the government, the flexibility of Vietnamese enterprises will be key to overcoming the headwinds and sustaining import-export growth in the years to come.

The Agency of Foreign Trade at the Ministry of Industry and Trade has issued Document No. 234/XNK-NH dated March 3, 2026, assessing the impact of the conflict in the Middle East. To proactively respond and ensure the achievement of export growth targets, the Agency has requested industry associations to review and assess how the conflict may affect import-export activities in their respective sectors, identify potential difficulties and challenges that may arise in the immediate future, and propose solutions to address obstacles, promote exports, and seek alternative sources of raw materials when necessary.

VET-Manh Duc

Vietnam waives transport fees to ease cost pressures on businesses

Wed, 08 Apr 2026 08:30:00 GMT

The policy taking effect from April 7 to June 30, 2026.

The Ministry of Finance has announced a temporary waiver of several fees and charges to support production and business activities in the transport sector.

The policy will take effect from April 7 to June 30, 2026, according to a report from the Vietnam News Agency.

Under the policy, most fees and charges in the aviation sector will be waived, except for those related to the appraisal of permits granting access to restricted areas at airports and airfields.

Maritime fees for vessels entering and leaving Vietnam’s waters will also be exempted. In addition, charges applied at inland waterway ports and terminals for vessels operating between domestic ports will be waived.

The policy further removes fees for the use of state-invested national railway infrastructure.

From July 1, 2026, all relevant fees and charges will be reinstated in accordance with existing regulations and applicable amendments.

The collection of fees for certification, licensing, or permitting in civil aviation activities, fees for registering security transactions on aircraft, and fees for reporting inland waterways operations for vessels operating between ports and inland waterway terminals in Vietnam shall not apply. According to experts, the measure aims to support businesses and citizens amid rising transport costs, partly driven by the impact of the Middle East conflict that has pushed up fuel prices, increasing freight rates, logistics costs and ultimately the prices of goods.

VNA-Van Nguyen

A roadmap for Vietnamese SMEs to meet ESG standards

Wed, 08 Apr 2026 03:30:00 GMT

A new accelerator program aims to provide SMEs with the ability to meet ESG reporting standards within just half a year.

As sustainability requirements tighten across global markets, Vietnamese small and medium-sized enterprises (SMEs) are coming under growing pressure to align with environmental, social, and governance (ESG) standards. In response, the Agency for Private Enterprise and Collective Economy Development (APED) at the Ministry of Finance and the Global Reporting Initiative (GRI), with support from the Swiss Government through the State Secretariat for Economic Affairs (SECO) and in collaboration with international and local partners, is rolling out an ESG accelerator - the Sustainability Twin transition And Reporting (S.T.A.R.) Accelerator Program - to help businesses move from zero to structured ESG implementation within a six-month period.

The initiative was introduced at a recent forum entitled “Zero to ESG in Six Months: A Simple Roadmap for SMEs Startups,” where ESG experts and financial advisors outlined how Vietnamese enterprises can adopt internationally-recognized standards in a pragmatic and commercially viable manner. Between 30 and 50 enterprises in Vietnam will be selected for the program, based on leadership commitment and the availability of dedicated internal resources.

Structural challenges for SMEs

Mr. Nguyen Cong Minh Bao, Vietnam Country Manager at GRI, emphasized that international investors are not merely interested in qualitative sustainability narratives but in measurable data.

Just as traditional investors evaluate companies through financial indicators such as cash flow, assets, and profitability, sustainable finance applies similar scrutiny to ESG performance. These data points increasingly influence investment decisions, credit assessments, and supply chain partnerships.

According to Mr. Bao, sustainability reporting is fundamentally about transparency, and demonstrates that a company systematically measures, manages, and discloses its impacts and risks in a credible manner so it can be more efficient and develop a competitive edge.

Vietnam’s export-driven economy has deepened its integration into global markets over the past decade. As trade ties with major partners such as the EU, the US, and Japan continue to expand, sustainability compliance is becoming central to maintaining market access. “ESG is no longer optional for companies participating in global value chains,” Mr. Bao told Vietnam Economic Times / VnEconomy. “It is becoming a prerequisite.”

He also noted that many Vietnamese enterprises still perceive ESG as either a corporate social responsibility (CSR) activity or an additional reporting cost. However, global trends suggest that ESG is evolving into a core management framework that affects supply chain positioning, investor confidence, and long-term competitiveness.

Headquartered in Amsterdam and embraced by more than 130 countries and territories, GRI is among the most widely adopted sustainability reporting standards worldwide. Some 90 per cent of major global corporations apply its standards in some form. The framework comprises universal standards, topic-specific standards, and sector standards addressing economic, environmental, and social issues, and sector standards tailored to high-impact industries.

Rather than producing lengthy reports, Mr. Bao argued that companies should begin by identifying material topics - the sustainability issues most relevant to their operations, risks, and stakeholder expectations. “ESG reporting starts with data,” he believes. “If you cannot measure your impact, you cannot manage or improve it, as the famous economist Peter Drucker said.”

SMEs account for roughly 98 per cent of enterprises in Vietnam and employ a substantial share of the workforce. Yet their structural characteristics often complicate ESG implementation. Limited financial capacity, insufficient technical expertise, fragmented data systems, and lean organizational structures can hinder systematic adoption.

At the same time, multinational buyers are imposing increasingly stringent and sometimes overlapping ESG requirements. Companies may face multiple questionnaires, various carbon accounting methodologies, and differing disclosure expectations.

Recognizing these constraints, the six-month accelerator aims to provide structured, practical support. Participating enterprises will undergo intensive training, receive digital tools for data collection and management, obtain ESG scoring and certification, and prepare simplified sustainability reports aligned with investor expectations. The objective is not to achieve perfection within half a year, but to establish foundational governance systems and baseline data that can be strengthened over time.

Dr. William L. Nolten, Region Asia-Pacific Director at the ESG Wings Investments JSC and the Golden Gate BCE Group, and Senior Advisor at Vietnam Partners LLC, underscored that sustainability ambitions must be grounded in economic realities. “Profit remains fundamental,” he said. “Without profitability, companies cannot invest in sustainability.”

He argued that ESG integration should enhance operational efficiency, reduce risk exposure, and strengthen long-term resilience. Measures such as energy efficiency improvements, waste reduction, and better governance structures can directly lower costs while improving access to finance.

Dr. Nolten also highlighted the concept of “double materiality,” which is gaining prominence in international reporting frameworks. This approach assesses both the impact of a company on environmental and social systems and the financial risks that sustainability-related issues pose to the company itself.

In global capital markets, ESG transparency is increasingly influencing lending decisions, bond issuance, and equity investments. Banks and institutional investors are incorporating sustainability criteria into credit evaluations, while impact investors are actively seeking credible ESG-aligned projects in emerging economies.

For SMEs, establishing a reliable ESG baseline can enhance negotiating power with lenders and strategic partners. Downstream corporations require trustworthy primary data from suppliers, particularly regarding emissions and environmental impacts. SMEs capable of providing transparent and traceable ESG data may gain preferred supplier status within global value chains.

Dr. Nolten emphasized that incremental improvements are often more feasible than sweeping transformations. By identifying high-impact areas such as energy consumption, emissions intensity or waste management, companies can prioritize targeted interventions that deliver measurable financial and environmental returns.

Data management remains one of the most practical barriers to ESG implementation. Many SMEs rely on manual record-keeping or fragmented spreadsheets, complicating accurate reporting and verification.

Ms. Truong Boi An, Sustainability Development Manager at Crif DB Vietnam, pointed to CRIF’s digital ESG platform as a tool designed to streamline this process. The system integrates GRI-aligned questionnaires and provides automated scoring, benchmarking, and analytics across more than 30 industry sectors. “SMEs are often overwhelmed by the number of standards and KPIs [key performance indicators],” she said. “Digital tools can simplify data collection and translate ESG information into formats recognized by financial institutions.”

The platform generates ESG ratings, identifies performance gaps, and offers actionable improvement plans. Certification options can further enhance credibility when engaging with banks, investors, and multinational buyers. By standardizing data processes and reducing administrative burdens, digital solutions may lower compliance costs - a critical consideration for resource-constrained enterprises.

Long-term strategy

Vietnam’s commitment to achieving net-zero emissions by 2050 has placed sustainability at the center of its long-term development strategy. Regulatory frameworks are gradually evolving to incorporate ESG-related disclosure requirements, while greenhouse gas inventories, extended producer responsibility (EPR) mechanisms, and sustainable finance initiatives are gaining traction.

Within this policy context, the accelerator program represents a proactive effort to build enterprise-level capacity. By equipping SMEs with practical tools and structured guidance, policymakers aim to prevent sustainability requirements from becoming barriers to competitiveness.

Swiss support through SECO underscores the international dimension of Vietnam’s sustainability transition. Switzerland has been active in promoting sustainable finance and corporate transparency globally, and its cooperation with Vietnam reflects shared interests in strengthening ESG alignment within trade and investment relations.

A recurring message at the forum was the need to reframe ESG as a value-creation tool rather than merely a regulatory obligation. Companies that adopt sustainability practices early may improve operational efficiency, enhance brand reputation, strengthen resilience to regulatory changes, and build investor confidence. “ESG is about building trust,” Mr. Bao said. “Trust with investors, customers, and employees.”

While the six-month timeline may appear ambitious, experts clarified that it represents a structured starting point rather than a comprehensive transformation. The focus is on establishing governance structures, collecting baseline data, identifying material issues, and producing an initial sustainability disclosure aligned with international standards. From that foundation, continuous improvement can follow.

As global sustainability requirements continue to expand, Vietnamese SMEs face the dual reality of risk and opportunity. Companies that fail to adapt may encounter restricted access to finance or exclusion from supply chains. Effective ESG integration, meanwhile, can enhance competitiveness and resilience in an increasingly sustainability-driven market.

The accelerator signals a coordinated effort by policymakers and international partners to bridge capacity gaps and support enterprise-level transformation. In a rapidly-evolving global economy, sustainability performance is emerging as a core component of business strategy.

For Vietnamese SMEs, the question is no longer whether to adopt ESG, but how swiftly and effectively they can embed it into their operations. With a structured roadmap and institutional backing, moving from zero to ESG within six months may prove less an aspiration than a strategic imperative.

The Sustainability Twin transition And Reporting (S.T.A.R.) Accelerator Program is spearheaded by the Ministry of Finance’s Department of Private Enterprise and Collective Economy Development, in collaboration with the GRI, under the framework of the “Twin Transformation Center” project, with support from SECO. The program seeks to transform ESG reporting from a perceived compliance burden into a competitive advantage through structured training, hands-on mentoring, digital tools and a clearly-defined implementation roadmap.

VET-Nhu Quynh

Government considers extension of fuel zero-tax policy

Wed, 08 Apr 2026 01:30:00 GMT

Under a draft resolution, the policy is expected for extension until the end of June, 2026.

The Government plans to extend tax exemptions on gasoline (excluding ethanol), diesel and aviation fuel until June 30 under a draft resolution.

Environmental protection tax on these fuels has been reduced to zero from March 26 to April 15 to help stabilize the domestic energy market, according to the Prime Ministerial Decision No. 482/QD-TTg.

In addition, gasoline, diesel and jet fuel are exempt from value-added tax (VAT) declaration and payment, although input VAT remains deductible. The excise tax rate on all types of gasoline has also been cut to zero percent.

The Ministry of Industry and Trade said the zero-tax policy has enabled businesses to diversify import sources beyond traditional markets such as South Korea and ASEAN, helping to secure domestic supply amid global disruptions linked to conflicts in the Middle East.

However, the ministry warned that risks persist, as supply remains unstable, import costs are elevated and global oil prices continue to face upward pressure. If the preferential import tax exemption policy ends, the risk of supply shortages may reoccur, while the cost of imports from preferential tax markets under trade agreements is also likely to increase. Therefore, the extension of the policy is needed to further support businesses.

VnEconomy-Hoàng Sơn

PM orders stronger oversight to improve transparency in public procurement

Tue, 07 Apr 2026 23:00:00 GMT

Bidding activities have improved in recent years, but persistent shortcomings remain.

The Prime Minister has issued a decree, calling for stronger enforcement, efficiency and accountability in public procurement.

While bidding activities have been improved in recent years, persistent shortcomings, including risks of waste, losses and misconduct, the directive noted.

To address these issues, ministries, agencies, localities and State-owned enterprises have been instructed to implement comprehensive measures to ensure transparent, competitive and effective procurement.

Authorities and project owners are required to review the entire process—from initial surveys and cost estimates to approval, bidding, construction and final settlement—to ensure efficient use of capital and strict compliance with the law.

For build-transfer (BT) projects, approval will only be granted to those deemed urgent, economically viable and aligned with planning. Agencies are barred from proposing BT projects if alternative investment models are feasible. Where land is used for payment, its details must be clearly defined from the outset to avoid disputes and legal risks.

The directive also stressed stricter inspections and enforcement, with violations such as bid rigging and abuse of power subject to severe penalties under a “no exceptions” principle.

It further called for accurate cost estimation, fair bid evaluation, enhanced transparency on the national e-procurement system, and improved capacity of procurement officials.

VnEconomy-Minh Kiệt

Government resolution on scheme to establish Dong Nai as centrally-run city issued

Tue, 07 Apr 2026 08:14:00 GMT

According to national and regional master plans, the future Dong Nai City will be developed under the model of an "industrial capital, modern urban area, logistics hub, and high-tech agricultural center."

The Government has officially issued Resolution No 95/NQ-CP, dated April 6, 2026, regarding the proposal to establish 10 wards within Dong Nai Province and to upgrade the southern province to a centrally-run city.

The establishment of Dong Nai as a centrally-run city serves not only as recognition of the province's past achievements but also as a catalyst for sustainable future development. Under the Resolution, the Government has tasked the Ministry of Home Affairs to lead and coordinate with relevant agencies to finalize the necessary procedures, ensuring the transition process is smooth and compliant with regulations.

According to national and regional master plans, the future Dong Nai City will be developed under the model of an "industrial capital, modern urban area, logistics hub, and high-tech agricultural center." This vision aims not only to improve the quality of life for residents but also to create a favorable business environment to attract both domestic and foreign investment.

However, achieving centrally-run status also presents several challenges, particularly in urban infrastructure management and development. Local authorities will need to concentrate resources on upgrading technical, digital, and social infrastructure.

Furthermore, the administrative system must be reorganized according to a strict and feasible roadmap. This process requires close coordination across all levels of government, as well as active participation from the business community and the general public.

Vneconomy-Phạm Hồng Vinh

People must be the ultimate beneficiaries of development achievements: Top leader

Tue, 07 Apr 2026 07:10:08 GMT

In his inauguration speech on April 7, Party General Secretary and State President To Lam emphasized the core principle that "The people are the root."

The highest goal and ultimate destination of development is to ensure that the people enjoy its fruits, stated Party General Secretary and State President To Lam, in his inaugural speech at the first session of the 16th National Assembly on April 7, right after his election as State President.

The top leader emphasized the core principle that "The people are the root."

Earlier, with 495 out of 495 delegates voting in favor, the 16th National Assembly (NA) passed a resolution to elect Mr. To Lam, General Secretary of the 14th Central Committee of the Communist Party of Vietnam (CPV) and deputy to the legislature, as the President of the Socialist Republic of Vietnam for the 2026–2031 term.

Mr. Lam expressed his sincere gratitude to voters and citizens across the country for upholding their sense of responsibility, their aspiration to build the nation, and their faith in the CPV. These efforts contributed to the success of the elections for the 16th NA and People’s Councils at all levels for the 2026–2031 tenure.

The General Secretary and State President also thanked the Party Central Committee for their trust in nominating him, and the NA for their confidence in electing him and entrusting him with the heavy responsibility of the Presidency.

He expressed his profound gratitude to late President Ho Chi Minh, the nation's predecessors, revolutionary soldiers, party members, heroic martyrs, and people from all walks of life who have dedicated and sacrificed themselves for the independence, sovereignty, unity, and revolutionary cause of the nation.

He affirmed that assuming the positions is a great honor, as well as a sacred responsibility and duty before the Party, the State, and the people.

In his new capacity, the General Secretary and State President pledged to work alongside the entire Party, the people, and the military, particularly the Party Central Committee, to lead the nation in overcoming all difficulties and achieving the goal of building a peaceful, unified, independent, democratic, and prosperous Vietnam, while making worthy contributions to the global revolutionary cause.

Top priorities were identified as maintaining an environment of peace and stability; promoting rapid and sustainable development; improving the people’s standard of living; and increasing Vietnam’s contributions to regional and global peace, stability, and development.

The General Secretary and State President emphasized the need to deeply internalize and practice the principle that “The people are the root,” promoting the people’s role as the primary subjects, consolidating the great national unity, and ensuring that the people are the ultimate beneficiaries of the fruits of development.

He expressed his desire for continued close coordination from agencies across the political system, all levels of government, sectors, the armed forces, and compatriots both at home and abroad to fulfill the mission of protecting, building, and developing the Fatherland in service of the people.

Expressing his confidence in the nation’s future, Mr. Lam affirmed that with the tradition of national construction and defense, the aspiration to rise, and the will and resilience of the nation—alongside the support of international friends—Vietnam will continue to develop strongly and achieve its established strategic goals.

Vneconomy-Hà Lê

Vietnam's Q1 retail sales rise 10.9% to $72.2bln

Tue, 07 Apr 2026 01:30:00 GMT

The growth driven by strong consumer demand.

Vietnam’s total retail sales of goods and consumer service revenue in the first quarter of the year reached VND1.9 quadrillion ($72.2 billion), a year-on-year rise of 10.9%, figures from the National Statistics Office show.

Excluding the price factor, growth stood at 7%.

In March alone, total revenue was estimated at VND638.6 trillion ($24.28 billion), an increase of 12.1% from a year earlier.

Retail sales continued to dominate, accounting for 76.3% of the total at VND1.45 quadrillion ($55.1 billion). Within this segment, garments recorded the fastest growth at 9.9%, followed by food and foodstuffs (9.8%) and household appliances and equipment (8.2%).

Accommodation and catering services generated VND234.7 trillion ($8.92 billion), rising 13.3% year-on-year, while other services brought in VND192.8 trillion ($7.33 billion), up 8%.

Tourism maintained strong momentum, with first-quarter revenue estimated at VND22.9 trillion ($870 million), up 12.5% from the same period last year.

Transport and telecommunications also posted gains, with passenger transport increasing 18.3% and telecommunications revenue reaching VND102.8 trillion ($3.9 billion), up 6.3%.

VnEconomy-Vũ Khuê

HCMC approves zoning plan for Thu Thiem administrative center

Mon, 06 Apr 2026 23:25:00 GMT

According to the approved plan, the project covers a total area of approximately 33.04 ha, situated within the central lake core of the Thu Thiem New Urban Area.

The Ho Chi Minh City People's Committee has officially approved the 1/500 scale detailed zoning plan for the political, administrative, and cultural center integrated with the central lake park in the Thu Thiem New Urban Area, An Khanh Ward.

According to the approved plan, the project covers a total area of approximately 33.04 ha, situated within the central lake core of the Thu Thiem New Urban Area. The site is bordered by Nguyen Co Thach Street to the east, To Huu Street to the northwest, and Mai Chi Tho Boulevard to the south.

The objective of the plan is to concretize the orientations of the 1/2,000 scale sub-zone planning adjustments while allocating space for symbolic landmark projects and functional facilities of the Thu Thiem New Urban Area.

Key components of the project include a political-administrative center, a children’s palace, an opera house, and a performance and convention center. These structures are expected to define the future landscape of the city’s public, cultural, and administrative spaces.

The plan also ensures compliance with National Assembly Resolution No. 260/2025/QH15 (dated December 11, 2025) and City Party Committee Resolution No. 05-NQ/TU (dated January 9, 2026). These resolutions pertain to the implementation of a political-administrative center of a scale commensurate with the city's needs following the restructuring of administrative boundaries.

Based on this framework, the planned area is designated as the city's political, administrative, and cultural heart, combined with parkland and lakefront spaces to serve the community's needs. The area is projected to accommodate a maximum capacity of approximately 15,000 people.

Vneconomy-Thiên Di

Program for attracting foreign experts, scientists to work in Vietnam approved

Mon, 06 Apr 2026 09:00:00 GMT

The program aims to attract 500 foreign and overseas Vietnamese experts and scientists willing to work full-time at Vietnam's higher education and vocational institutions.

Under Prime Ministerial Decision No.530/QD-TTg, signed recently by Deputy Prime Minister Le Thanh Long, a program for attracting experts scientists. who are foreign nationals or overseas Vietnamese, to work in Vietnam has been approved.

The program targets by 2035 to attract 1,500 experts and scientists who are foreign nationals or overseas Vietnamese to work, teach, conduct research, and engage in regular or remote collaboration with Vietnamese higher education institutions and vocational education institutions.

Under the program, breakthrough mechanisms and policies will be implemented to attract foreign experts, scientists, and overseas Vietnamese to work at Vietnam's higher education and vocational education institutions.

Meanwhile, the program seeks to strengthen scientific and technological capacity, develop high-quality human resources, enhance innovation capabilities, and promote international integration in education, training, and scientific research, thus contributing to bringing Vietnam's education system to an advanced level in the region and globally by 2035.

According to the program, at least 30 outstanding foreign and overseas Vietnamese experts and scientists capable of taking on leading roles and spearheading key initiatives that create breakthroughs in education, training, scientific research, and technology transfer, especially in critical and strategic technologies, will be attracted by 2035.

The program also aims to attract 500 foreign and overseas Vietnamese experts and scientists willing to work full-time at Vietnam's higher education and vocational institutions, with the capacity to serve as research team leaders, laboratory heads, and program directors in key, strategic, and priority technology fields.

Key tasks have been set out in the program, including improving the institutional framework and policy mechanisms, strengthening communication and promoting Vietnam's image, creating a professional and modern research environment, and accelerating digital transformation and the application of science, technology, and artificial intelligence.

VGP-Pham Long

Digital platform for civil judgment enforcement officially activated

Mon, 06 Apr 2026 01:13:54 GMT

This transition moves the system from manual processing toward the integration of Information Technology (IT) and Artificial Intelligence (AI) throughout the entire civil judgment enforcement workflow.

The Ministry of Justice has officially activated the Digital Platform for Civil Judgment Enforcement, designed to establish a centralized, connected, and synchronized database for the national enforcement system.

Speaking at the launch ceremony on April 3, Deputy Prime Minister Ho Quoc Dung stated that the operationalization of this digital platform reflects a profound shift in both mindset and technology. He emphasized that it marks a fundamental transition from traditional management methods to modern governance powered by digital data and real-time updates. This transition moves the system from manual processing toward the integration of Information Technology (IT) and Artificial Intelligence (AI) throughout the entire civil judgment enforcement workflow.

The development and operation of this platform have resulted in a centralized and interconnected database system. This contributes to enhanced openness and transparency, while effectively supporting management, direction, and administration. Simultaneously, it creates more favorable conditions for citizens and businesses to exercise their legal rights and fulfill their obligations.

Building on this progress, Deputy PM Dung requested the Ministry of Justice to accelerate data connection and sharing between ministries, sectors, and localities. He urged for closer integration with national and specialized databases to gradually build a comprehensive data system for state management and judicial activities.

The Deputy PM also called for the urgent completion of the legal framework regarding digital transformation in civil judgment enforcement. This includes establishing the full legal validity of digital data and electronic records to ensure consistency during implementation.

He further noted that authorities must prioritize data quality, adhering to the principle that data must be “correct, sufficient, clean, and live” (accurate, complete, verified, and updated). Additionally, the accountability of agency heads must be strictly linked to the updating, management, and exploitation of this data.

Vneconomy-Như Nguyệt

Pressure on domestic fuel market to be alleviated

Sun, 05 Apr 2026 23:00:00 GMT

The government is acting to alleviate the pressure on Vietnam’s fuel market caused by events in the Middle East and the disruption to oil supplies.

According to the US Energy Information Administration (EIA), some 20 million barrels of oil and condensate pass through the Strait of Hormuz each day, equivalent to nearly 20 per cent of global oil consumption and accounting for more than 25 per cent of total seaborne oil trade. Notably, 84 per cent of these flows are destined for Asian markets, making the region particularly vulnerable when conflicts erupt.

The Middle East has long been described as the “heart” of the global oil industry, while the Strait of Hormuz functions as a vital “artery” for global energy flows. The conflict involving the US, Israel, and Iran that began on February 28 has, unfortunately, resulted in severe disruptions to shipping through the Strait.

While major crude oil and petroleum product exporters such as Saudi Arabia and the UAE operate pipeline networks that bypass the Strait, their combined capacity is estimated at just 2.6 million barrels a day; insufficient to compensate for disrupted maritime transport. Transport disruptions could substantially increase oil price premiums, logistics costs, and maritime insurance fees, while also affecting supply stability for refineries across Asia.

Direct pressure

Global fuel price movements during the regulatory cycle from late February to early March illustrate the volatility of the market. According to the Ministry of Industry and Trade (MoIT), the price of RON95 gasoline reached $92.78 a barrel on March 2, up $10.69, or 13.02 per cent, compared to February 27; the day before the conflict began. Even more striking was the surge in kerosene prices, which jumped to $231.42 a barrel on March 4, up $101.19, or 77.7 per cent, in the space of just 24 hours.

Average global refined fuel prices between the two dates of price adjustments - February 26 and March 5 - also rose sharply across all product categories. In the domestic market, the March 5 fuel price adjustment reflected the impact of the global surge. Retail prices rose sharply, with E5RON92 gasoline increasing by VND1,926 per liter ($0.074) and RON95-III gasoline by VND2,189 ($0.084).

Oil products also saw significant increases. Diesel 0.05S rose by VND3,758 per liter ($0.145), mazut 180CST 3.5S by VND1,807 per kilogram ($0.069), and kerosene by VND7,132 per liter ($0.274).

The sharp rise in diesel prices is putting significant pressure on transportation and logistics costs, which serve as the backbone of the economy. As fuel costs increase, the ripple effects quickly spread to consumer goods prices, from food and agricultural products to essential services, directly affecting household spending.

Risk of supply disruptions

Beyond price volatility, the risk of supply disruptions is becoming increasingly evident. According to the Vietnam National Petroleum Group (Petrolimex), Asia’s crude oil supply remains heavily dependent on the Middle East. If shipping routes are altered or crude oil needs to be sourced outside of the region due to the conflict, crude oil could become both scarcer and more expensive, pushing refined fuel prices higher while tightening supply.

At the same time, rising insurance premiums and transportation costs would increase import costs and overall business expenses. In extreme circumstances, force majeure situations could prevent delivery under existing contracts.

Vietnam currently meets around 70-80 per cent of its domestic fuel demand through the Nghi Son Oil Refinery in north-central Thanh Hoa province and the Dung Quat Refinery in central Quang Ngai province. However, according to the Binh Son Refining and Petrochemical Joint Stock Company (BSR), the operator of Dung Quat, the plant still relies on around 30-35 per cent imported crude oil, primarily sourced from West Africa, the Mediterranean, the US, and, partly, the Middle East.

If tensions in the Middle East persist, crude prices, shipping surcharges, and insurance costs could rise further, significantly increasing input costs and financial risks.

Another potential risk is supply chain disruption, as some exporting countries may restrict exports to prioritize domestic demand amid volatile maritime transport and insurance markets. Longer delivery times could directly affect refinery operations, particularly late in the second quarter and early in the third.

To address these risks, BSR has proposed that relevant authorities and the Vietnam National Industry and Energy Group (PetroVietnam) consider mechanisms allowing the company to prioritize purchases of domestically-produced crude oil and condensate. Regulators are also urged to temporarily prioritize domestic crude supply for Dung Quat and restrict crude exports during the high-risk period, potentially until the end of the third quarter this year or until global markets stabilize, to ensure national energy security.

To guarantee sufficient feedstock for operations from May to June, BSR also proposed directly purchasing crude from Vietnam’s Ruby and Chim Sao oil fields and Malaysia’s Bunga Orkid (BO) oil field at the highest bid price from the most recent tender, as a temporary measure to secure supply amid market volatility.

Coordinated measures

Given the complex international developments, the Domestic Markets Department at MoIT issued Official Dispatch No. 544/TTTN-NV on March 3. The document requests that municipal and provincial Departments of Industry and Trade instruct local market surveillance forces to strengthen inspections of fuel trading activities nationwide.

It emphasizes focused inspections, particularly targeting major fuel distributors and retail outlets. Violations such as unauthorized price increases, selling above listed prices, or trading smuggled or substandard fuel will face the strictest penalties.

To enhance enforcement effectiveness, the department also requires clear accountability from the heads of local market management agencies if violations occur without timely intervention. Such measures aim to ensure that, despite global price volatility, the domestic market operates transparently while protecting consumers and maintaining economic stability.

However, some experts note that these measures remain largely short-term responses. In the long run, Vietnam needs a strategic petroleum reserve capable of significantly reducing cost shocks when the market experiences rapid price surges.

The government has also been urged to develop official forecasting scenarios based on worst-case oil price assumptions. Preparing such scenarios would allow regulators to respond more proactively during periods of extreme volatility and provide a basis for decisions on reserves, market intervention, and maintaining public confidence.

For the oil sector, a long-term reserve strategy combined with instruments such as forward purchasing agreements and futures contracts should be seriously considered.

At the same time, Vietnam needs to diversify its energy sources and reduce reliance on imports from high-risk regions. The current crisis could also serve as an opportunity to accelerate the transition towards cleaner and alternative energy sources, helping ease cost pressures while aligning with long-term global trends.

From the corporate perspective, PetroVietnam and its subsidiaries, including Petrolimex and the PetroVietnam Oil Corporation (PVOIL), emphasize the need for greater policy flexibility.

Businesses have proposed that the State Bank of Vietnam ensure timely foreign currency availability to support fuel imports when demand and prices surge. In addition, fuel price management regulations should be reviewed to ensure that pricing mechanisms fully account for real costs, including transportation surcharges and war-risk insurance. This would help major fuel importers maintain sufficient financial capacity to continue operations and prevent localized supply disruptions.

VET-Huyen Vy

HCMC accelerates emission controls as air pollution rises

Sun, 05 Apr 2026 07:30:00 GMT

By 2030, the city aims for 100% of public transport vehicles to utilize clean energy, while strongly encouraging the transition of private and freight vehicles to green energy sources.

The Ho Chi Minh City People’s Committee has officially approved an action plan for air pollution control and air quality management for the 2026–2030 period, with a vision toward 2045.

For the 2026–2030 phase, the city has set specific targets to progressively reduce fine particulate matter (PM2.5) concentrations annually, striving for approximately 75–80% of days to reach "Moderate" air quality levels or better. Technology will play a central role, with a goal of ensuring 95% of the population can access air quality information through digital platforms.

In the transport sector, a roadmap of national standards will be implemented to manage emissions across all vehicle types.

By 2030, the city aims for 100% of public transport vehicles to utilize clean energy, while strongly encouraging the transition of private and freight vehicles to green energy sources.

Simultaneously, urban infrastructure will be "green-oriented," targeting at least 500 certified green buildings by 2030 and piloting air filtration systems within high-rise structures. Looking toward 2045, the city aims to maintain air quality at "Moderate" to "Good" levels, ensuring the Air Quality Index (AQI) consistently remains below the 100 threshold.

These objectives are introduced as the city faces significant environmental challenges. According to the 2025 environmental monitoring report, the city's air quality has shown signs of decline compared to previous years, primarily due to fine dust pollution and traffic noise. In response, the 2026–2030 action plan focuses on reducing emissions across four key sectors: transportation, industry, construction, and residential activities.

To address transport-related pollution, the city will establish Low Emission Zones (LEZs) and restrict non-compliant vehicles. Plans include zoning specific routes for heavy trucks, developing public transit and bicycle-sharing systems, and promoting the shift to green vehicles. The city will also increase roadside greenery and deploy technology to monitor vehicle emissions more effectively.

Management capacity will be bolstered through investments in a modern, automated monitoring network. The city plans to utilize Artificial Intelligence (AI), the Internet of Things (IoT), and Big Data to analyze and forecast pollution trends.

Furthermore, the city will strengthen international cooperation, research, and technology transfer regarding emission treatment and byproduct recycling, alongside communication campaigns to raise public awareness.

Vneconomy-Thanh Thủy

Special remuneration mechanism proposed for financial center experts

Sat, 04 Apr 2026 00:00:00 GMT

The applicable subjects include the Chairperson, Vice Chairpersons, and members of the Executive Council; personnel working in the Assisting Body and the Advisory Council; and other relevant agencies, organizations, and individuals.

The Government has issued Decree No 92/2026/ND-CP regarding special regimes and policies for the Executive Council of the International Financial Center in Vietnam.

According to the decree, the applicable subjects include the Chairperson, Vice Chairpersons, and members of the Executive Council; personnel working in the Assisting Body and the Advisory Council; and other relevant agencies, organizations, and individuals.

The decree stipulates that the Chairperson, Vice Chairpersons, and members of the Executive Council working in a concurrent capacity shall receive an allowance equal to 50% of their current monthly salary in addition to their regular pay. This allowance will not be used to calculate compulsory social insurance or health insurance contributions and benefits.

In cases where the Chairperson of the Executive Council works in a dedicated capacity, he or she will continue to receive his or her existing salary and any applicable salary allowances, while also receiving an additional monthly allowance equal to 80% of his or her current salary. Furthermore, he or she is entitled to regimes and policies regarding bonuses, housing, transportation, working conditions, honors, awards, medical care, convalescence, and annual leave as prescribed in Decree No. 231/2025/ND-CP.

Individuals recruited under talent attraction programs, or cadres, civil servants, and public employees identified by their managing agencies as possessing outstanding or exceptional professional capacity, shall be entitled to an additional monthly allowance equal to 150% of their current salary, in accordance with Decree No 179/2024/ND-CP.

Regarding members of the Advisory Council, based on operational needs, tasks, and objectives, the Chairperson of the Executive Council shall sign labor contracts with prestigious domestic and international financial and legal experts to serve as members. These experts will work under a labor contract regime and receive salaries based on a negotiation mechanism.

The Chairperson of the Executive Council shall decide the salary levels and specific terms within the labor contracts for these experts. These decisions will be based on job requirements, the individual's capacity and contributions, academic titles, degrees, professional experience, and the results of their assigned tasks.

Vneconomy-Phúc Minh

Ha Tinh approves a master plan for 21,000-ha Nghi Xuan urban area

Fri, 03 Apr 2026 17:00:00 GMT

The area is set to develop into a hub for economy, culture, tourism, and services, as well as a major transportation node for Vietnam's North Central region.

The Ha Tinh Provincial People's Committee has approved the planning tasks and cost estimates for the Nghi Xuan Urban Master Plan through 2050.

According to the approved plan, the scope covers the entire administrative boundaries of four communes of Nghi Xuan, Tien Dien, Dan Hai and Co Dam, totaling nearly 21,000 ha.

This area holds a strategic location, bordering Nghe An Province to the north and west and the sea to the east, unlocking significant opportunities for marine economic development and enhanced regional connectivity.

The master plan will be implemented in two phases: up to 2030 and with a vision toward 2050. By 2030, Nghi Xuan aims to fundamentally meet the criteria for a Class III urban area. In the long term, it is envisioned to become a modern urban center with synchronized technical and social infrastructure, capable of effectively adapting to climate change.

The planning orientation identifies Nghi Xuan as Ha Tinh’s northern gateway, playing a vital role in connecting the province with Southern Nghe An and key economic corridors, such as the coastal axis and the East-West corridor. Consequently, the area is set to develop into a hub for economy, culture, tourism, and services, as well as a major transportation node for the North Central region.

With its focus on green, smart, and sustainable development, the approval of the Nghi Xuan Urban Master Plan through 2050 is expected to create significant room for growth in the real estate market and establish a new growth pole in Northern Ha Tinh.

Vneconomy-Nguyễn Thuấn

Cross-border QR code payment services between Vietnam and China launched

Fri, 03 Apr 2026 08:00:00 GMT

Under the new arrangement, Chinese tourists can use Alipay - a member wallet of Ant International - to scan VIETQRGlobal codes and make direct payments at merchants within NAPAS’ network across Vietnam.

The National Payment Corporation of Vietnam (NAPAS), in collaboration with Ant International - a unit of China-based Ant Group, and Vietcombank, on April 3 announced the expansion of cross-border QR code payment services between Vietnam and China, according to a report from the Vietnam News Agency.

The launch marks a significant step forward in digital payment connectivity, helping to facilitate trade and tourism flows between the two countries. Under the new arrangement, Chinese tourists can use Alipay - a member wallet of Ant International - to scan VIETQRGlobal codes and make direct payments at merchants within NAPAS’ network across Vietnam.

Bilateral QR transactions are processed through the integrated infrastructure of NAPAS and Ant International, alongside Vietcombank’s settlement system, enabling direct payments in local currencies - the Chinese yuan and the Vietnamese dong.

The rollout comes as China remains one of Vietnam’s largest sources of inbound tourists. Cross-border QR payments are expected to enhance visitor convenience by offering familiar payment methods, while enabling businesses in retail, services and tourism to better tap into international customer flows.

At the event, NAPAS CEO Nguyen Quang Minh said the corporation is steadily building a cross-border payment platform that ensures security, high performance and scalability in line with international standards. He described the partnership with Ant International as a milestone, connecting Vietnam’s national retail payment infrastructure with one of China’s largest payment ecosystems, which serves over one billion users.

Vietcombank CEO Le Quang Vinh noted that cross-border QR payments are emerging as a widely adopted solution in international transactions. As the designated settlement bank, Vietcombank has committed significant resources to the project to deliver a “home-like” payment experience for Chinese users, while opening new growth opportunities for millions of Vietnamese merchants.

Ant International President Douglas Feagin highlighted Vietnam’s strong potential for cross-border QR deployment, citing rapid digital transformation, a dynamic payment ecosystem and robust tourism growth. He emphasised that the initiative not only serves travellers but also enables small- and medium-sized enterprises to access global customers.

According to the State Bank of Vietnam, the initiative aligns with bilateral cooperation commitments on retail payment connectivity. Authorities are also working to soon enable outbound payments, allowing Vietnamese users to scan QR codes in China.

Once fully implemented in both directions, the system is expected to significantly drive tourism and trade growth between the two countries, while reinforcing Vietnam’s position in the regional digital economy.

VNA-Van Nguyen

AI’s role in modernizing education

Fri, 03 Apr 2026 04:00:00 GMT

As AI makes its presence felt in the workplace, thought must also be given to the technology’s role in modernizing education.

Labor markets are being constantly reshaped by AI, which is altering the nature of many industries and job roles. As a result, the traditional university model - fixed-degree programs delivered through a set number of credits inside lecture halls - can no longer endure in its current form. Vietnamese universities therefore face an urgent need to restructure curricula, shift decisively towards competency-based education, integrate AI, and align more closely with the constantly evolving demands of the country’s labor market.

According to Associate Professor Dao Thi Thu Giang, President of Dai Nam University in Hanoi, AI does not render academic disciplines obsolete; it makes repetitive tasks obsolete and exposes the limitations of legacy training models focused on memorization and formulaic exercises. “The essence of AI, including generative AI, is to augment human capability,” she said. “AI can replace highly procedural operations, but it cannot replace critical thinking, decision-making, creativity, professional ethics, or human connection. The core question is not whether a field of study is still necessary, but how it is taught.”

Keeping pace

Speaking with Vietnam Economic Times / VnEconomy, Associate Professor Nguyen Binh Minh, Director of the Institute of Digital Technology and Economics at the Hanoi University of Science and Technology, also argued that AI will not eliminate knowledge or professions but is making many traditional teaching methods obsolete, particularly those centered on memorization and repetitive tasks that machines can easily perform.

He identified the biggest bottleneck in higher education as institutional inertia. Technology evolves daily, he noted, while many lecturers remain in the comfort zone of traditional methods in which the teacher is the central authority and sole repository of knowledge. As AI and digital transformation challenge that dominance, the instinctive response is often concern or denial rather than acceptance. The greatest challenge, he said, is persuading lecturers to abandon the mindset of being “the one who knows everything” and instead become co-creators of knowledge alongside students and technology.

Education experts broadly agree that AI is restructuring work at the task level, transforming the nature of roles across the economy. Citing International Monetary Fund estimates, Associate Professor Minh said nearly 40 per cent of global jobs, and up to 60 per cent in advanced economies, will be affected by AI. The World Economic Forum forecasts that, by 2030, about 22 per cent of jobs will shift, with 170 million new roles created as 92 million disappear.

“At the Institute of Digital Technology and Economics, we do not treat technology and economics as separate pieces,” he explained. “We view them as an integrated whole under a training philosophy of ‘engineering combined with financial-economic problem-solving.’ This is a distinctive strength of our university, elevated for the digital era.”

On the sidelines of VinFuture Science and Technology Week 2025, Professor Tan Yap Peng, President of VinUni University, said that amid rapid advances in AI, digital transformation, and interdisciplinary science, no university can achieve excellence alone. Through collaboration, shared data, and AI-enabled platforms, the scientific community can produce research and solutions with long-term impact beyond the boundaries of any single institution, or even any single country. In the decade ahead, he continued, success will depend on mastering intellectual resources and data in an era defined by generative AI, the knowledge economy, and rapidly-changing employment models.

Associate Professor Phan Huu Nghi, Deputy Director of the Institute of Banking and Finance at the National Economics University, noted that Vietnam’s planned digital asset and cryptocurrency exchange, which is expected to involve banks, securities firms, and technology companies, will create substantial growth opportunities for digital banking, digital finance, and fintech. His Institute’s program development, he said, has consistently anticipated shifts in Vietnam’s financial market, launching new majors over time, from public finance and securities to advanced finance, high-quality programs, and one of Vietnam’s first fintech training programs.

Universities restructuring curricula

Associate Professor Giang said the central challenge is that changes to the labor market are outpacing the education system’s ability to adapt. University programs can no longer focus solely on transmitting knowledge; they must produce graduates with practical workplace capabilities. Faculty must continually update their own expertise while adapting to rapid technological change. At the same time, today’s students face an expanding array of career options but often lack clear direction and self-guided learning skills.

She outlined three main directions for curriculum reform. First, integrate AI as a foundational competency embedded across disciplines rather than taught separately. Second, shift from knowledge transmission to competency development, especially applied skills, systems thinking, and real-world problem-solving. And third, align training with the fluid demands of the labor market instead of fixed occupational frameworks.

At Dai Nam University, 2026 marks the second year of an accelerated training transformation in response to rapid AI development, with AI being integrated as a learning and working tool for students across all disciplines. “Our goal is not merely to teach students how to use AI tools, but to train individuals capable of mastering their work in a labor market continually reshaped by AI,” she said.

Amid new economic and labor market developments, Associate Professor Nghi told a recent conference on digital assets in the banking and financial system that the Institute of Banking and Finance will continue innovating its curricula, maintaining its current fintech program while adding a digital banking program developed through international partnerships and localized for Vietnam.

The Ministry of Education and Training, meanwhile, has issued a national framework requiring at least 120 credits for undergraduate programs, including compulsory courses such as political economy, physical education, national defense, and philosophy, along with basic graduate standards. Recent regulations also mandate the integration of digital knowledge to ensure students have foundational understanding of digital transformation and technology.

Beyond that framework, universities have autonomy to design programs for each major and specialization, subject to domestic or international quality accreditation. Many institutions, including the National Economics University, are pursuing international accreditation to enhance global integration, often adapting standard foreign curricula to Vietnam’s context while adding institution-specific components.

In terms of content, students must master core disciplinary knowledge while developing technological competence. “Theoretical learning without technological integration cannot meet real-world demands,” Associate Professor Nghi said. “English and digital literacy are no longer advantages but basic requirements. What remains lacking is interdisciplinary capability and the ability to apply knowledge to practical problems, such as finance, risk management, data analysis, basic programming, or using AI as a support tool.”

Professor Peng added that with a talented and highly-motivated student population, Vietnam has an opportunity to leap forward by focusing on AI, green technology, health sciences, and digital transformation, while strengthening public-private partnerships and attracting high-quality talent. “With the right approach, Vietnam can narrow the gap with leading countries and build a modern, flexible higher education model,” he believes.

VET-Bao Binh

Challenges and opportunities for insurance market in Vietnam

Thu, 02 Apr 2026 10:00:00 GMT

Vietnam’s insurance development strategy must reflect an ever-changing world and the associated coverage needs.

Vietnam’s insurance market has long been seen as a high-growth, relatively stable pillar of the country’s financial system. As the 2026-2030 period gets underway, however, both domestic and global conditions have fundamentally changed. For example, climate change is driving more frequent and severe disasters, population aging is accelerating beyond forecasts, and the digital and green transformations are creating dual pressures, even as the economy pursues double-digit growth, major infrastructure expansion, and stronger social security. Together, these forces are reshaping expectations for the role of and development model for the insurance industry.

Non-life insurance challenge

Across the region, many countries have proactively adjusted their strategic thinking on insurance. In this context, Vietnam’s insurance industry faces an urgent need to reposition itself as a pillar of the national risk governance system, helping the economy respond effectively to major shocks and maintain a sustainable growth trajectory. This is also a common trend in insurance development strategies across Asia and an important reference for Vietnam in supplementing new components to refine its insurance market development strategy through 2030.

One major limitation of its insurance market today is that disaster risk products still operate mainly under traditional mechanisms, based on post-loss damage assessment before compensation. This approach prolongs payouts, while the hardships faced by policyholders, especially in large-scale disasters, are not addressed promptly. Decision No. 07/QD-TTg touches on the development of agricultural and disaster insurance products, but breakthrough mechanisms in product models remain lacking.

Meanwhile, several countries in the region have been pursuing different approaches. In its newly-announced strategy, Thailand’s Office of Insurance Commission (OIC) aims to establish a legal framework prioritizing parametric insurance, which pays out based on trigger indices, such as rainfall, wind speed, or seismic intensity, recorded by independent meteorological agencies exceeding predefined thresholds, rather than on-site damage assessment. This approach enables rapid, transparent payouts and is particularly suitable for large-scale disaster scenarios.

From this perspective, incorporating a pilot sandbox mechanism for parametric insurance into Vietnam’s insurance development strategy has become necessary. The model is especially suitable for sectors vulnerable to natural disasters and climate change, such as agriculture and tourism, while enhancing the role of insurance in risk governance and strengthening economic resilience.

In addition, Vietnam has a long coastline with key coastal economic zones, such as Quang Ninh, Hai Phong, and Da Nang, where large volumes of high-value assets, including industrial parks, seaports, and tourism infrastructure, are concentrated. As disaster risks grow in frequency and severity, studying the issuance of catastrophe bonds (CAT bonds) should be considered an important financial contingency tool.

These bonds allow insurers, reinsurers, or governments to transfer large disaster risks (storms, earthquakes, floods, pandemics, etc.) to capital markets. Investors receive higher interest rates but may lose part or all of their principal if a predefined catastrophic event occurs. This mechanism disperses risk, reduces pressure on the State budget and traditional insurance systems, and strengthens financial resilience against major shocks.

For Vietnam, as its economy and coastal asset value continue to expand, relying primarily on budget support and insurer compensation is not sustainable. The gradual adoption of CAT bonds would help complete its national risk-prevention financial architecture in line with its insurance market development strategy through 2030.

Building an elderly care ecosystem

Vietnam’s population aging is progressing faster than projected, posing growing challenges to social security and finance systems. Decision No. 07 orients RD of insurance products for the elderly, as well as integrated healthcare and wellness products. In practice, however, a deeper structural shift is required: moving from a model primarily focused on “selling financial products” to one providing “comprehensive care solutions,” linking insurance with healthcare services, long-term care, and lifelong health management.

International experience - especially from Japan, which is a “super-aging” society - offers important references. Several major insurers in the country not only provide insurance products but also invest directly in elderly care ecosystems.

Thailand’s fifth Insurance Development Plan (2026-2030), meanwhile, focuses on responding to a super-aging society by expanding health insurance and implementing financial education programs for the elderly, thereby strengthening insurance’s role in social security and long-term financial stability.

Consideration should be given to Vietnam’s insurance development strategy expanding policy space to allow insurers deeper participation in healthcare and wellness, including direct investment in hospital infrastructure, nursing homes, and high-quality care facilities. This approach would not only reduce pressure on the public healthcare system but also build an integrated service ecosystem in which citizens are protected and cared for continuously from working age to old age.

At the same time, more flexible coordination mechanisms between social insurance and commercial insurance should be studied to form a “second layer of protection” complementing the existing social security system, enhancing financial safety and quality of life in retirement.

Insurance as a green investor

Vietnam’s insurance market development strategy through 2030 emphasizes strengthening insurers’ financial capacity and risk management, but their role as long-term institutional investors, especially in green infrastructure and energy transition, remains unclear.

Most Vietnamese insurers’ investment portfolios are concentrated in government bonds and bank deposits. Only a few large life insurers, such as Prudential, AIA, and Manulife, have begun purchasing green bonds issued by commercial banks.

This safety-oriented structure indicates that long-term capital from the insurance sector remains underutilized, while Vietnam faces enormous funding needs for green transformation commitments and meeting net-zero targets.

International experience shows that with an appropriate policy framework, insurers can become major capital providers for green transformation. In South Korea, the government’s “Green New Deal,” launched in July 2020, strongly promotes the role of insurers and financial groups in financing green infrastructure. In Malaysia, the Value-based Intermediation (VBI) program has guided the financial sector, including the sharia-based Takaful insurance system, to prioritize investments with positive environmental and social impacts, gradually integrating sustainable development goals into insurers’ investment activities.

Vietnam should therefore incorporate a clear “green investment” orientation into its insurance development strategy, with a focus on building legal and technical frameworks enabling insurers to invest effectively in green bonds and even directly in renewable energy and sustainable infrastructure projects.

Key measures include developing blended finance models with State seed capital, establishing legal frameworks for bank-insurance co-financing, encouraging credit guarantee institutions to support energy project bonds, and reducing risk weights for transparently-labeled green investments. This would channel long-term premium funds, especially from life insurance, into green and sustainable sectors rather than primarily into government bonds and bank deposits, as at present.

To sustain double-digit growth in the years ahead, digital transformation in the insurance sector has become unavoidable, but it will need to go deeper, anchored in data integration that supports the digital economy’s core infrastructure. Experience in Singapore and South Korea points to a shift towards “Open Insurance,” where data can be shared, with customer consent, between insurers, banks, and fintech platforms through common API standards. The model enables highly-personalized, real-time products, expanding coverage while improving pricing accuracy.

Vietnam could consider incorporating the creation of a National Risk Pricing Database into its insurance market development strategy. Standardized, anonymized data on healthcare, traffic accidents, and natural disasters would give insurers a stronger foundation to design products that are more precise, affordable, and accessible to a broader share of the population.

In short, the insurance market development strategy through 2030 under Decision No. 07 remains a key planning framework, reflecting the government’s vision of a safe, transparent, and efficient market. Yet amid rapidly-shifting socio-economic conditions and global environmental pressures, the strategy will require continued updates, incorporating new structural thinking and policy tools.

Embedding pillars such as transformation finance and green investment, proactive disaster response, elderly care ecosystem development, and open data will deepen the strategy’s resilience and adaptability. If done effectively, Vietnam’s insurance sector could evolve beyond its traditional claims-paying function into a true economic “shock absorber,” supporting sustainable and prosperous growth in the new era.

VET-Nam Son

ODA loan to be provided by Japan for green growth in Vietnam

Thu, 02 Apr 2026 09:20:00 GMT

It is expected that the loan, worth ¥50 billion, will be fully disbursed by December this year

The Government of Vietnam and the Japan International Cooperation Agency (JICA) on March 30 signed an agreement, under which Japan will provide an ODA loan, worth ¥50 billion, for the Program for Green Transformation toward Green Growth and Climate Resilience, according to the Government News.

The agreement was signed by Vietnamese Deputy Minister of Finance Tran Quoc Phuong and Chief Representative of JICA Vietnam Office Kobayashi Yosuke.

The objective of the Program is to support the Government of Vietnam to promote green growth and green transformation and to strengthen climate resilience through policy dialogue and financial support, thereby contributing to promoting the economic stabilization and development efforts of the country.

This project focuses on three pillars:

(1) Development of institutional frameworks for fiscal and investment incentives to promote GX and green growth;

(2) Policy formulation for the Nationally Determined Contributions (NDC) implementation; and

(3) Promotion of climate change adaptation measures.

Through financial support, the project aims to facilitate improvements in policies related to advancing climate change measures.

It is expected that the loan will be fully disbursed by December this year.

VGP-Van Nguyen

Vietnam gains nearly $72 million from carbon credit

Thu, 02 Apr 2026 08:00:00 GMT

This is the second time the country has gained significant revenue from "selling clean air" through carbon credits.

The Green Climate Fund (GCF) on April 1 officially approved a funding proposal submitted by the Japan International Cooperation Agency (JICA) in collaboration with the Vietnamese Government for the project "Reduce Emissions from Deforestation and Forest Degradation; Conservation, Sustainable Forest Management and Enhancement of Forest Carbon Stocks (REDD+)".

The proposal, titled "Vietnam REDD-plus 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.

As a result, Vietnam will receive an additional $71.96 million from carbon credit.

This is the second time the country has gained significant revenue from "selling clean air" through carbon credits.

The Green Climate Fund (GCF) – a critical element of the historic Paris Agreement - is the world’s largest climate fund, mandated to support developing countries raise and realize their Nationally Determined Contributions (NDC) ambitions towards low-emissions, climate-resilient pathways.

Through a results-based payment mechanism, Vietnam will be paid 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.

Through the project's activities, Vietnam 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 the Vietnamese 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 Vietnam 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 Vietnam and relevant stakeholders to promote forest conservation, mitigate the impacts of climate change, and move toward sustainable development, according the Government News.

At the beginning of 2024, Vietnam 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 $5 per ton of carbon absorbed, the total contract value reached $51.5 million.

Tin tức + VGP-Pham Long

581 firms awarded 2026 High-Quality Vietnamese Goods certificate

Thu, 02 Apr 2026 07:09:00 GMT

The award, based on consumer votes, demonstrating consumer trust in domestically produced goods.

A total of 581 enterprises were awarded the 2026 High-Quality Vietnamese Goods certificate, based on consumer votes, at a ceremony held in Ho Chi Minh City on March 31.

The consumer survey was conducted from September 2025 to January 2026 through both offline interviews and online channels, covering 21,952 consumers and 4,080 retail outlets across eight provinces and cities.

Addressing the ceremony, Vice Chairman of the National Assembly Le Minh Hoan highlighted the program’s role in strengthening consumer trust in domestically produced goods over nearly three decades.

He emphasised that Vietnamese businesses should look beyond the domestic market and expand internationally, while continuing to improve product quality and enhance their capacity for sustainable development.

The High-Quality Vietnamese Goods program was launched in 1996.

VnEconomy-Vân Nguyễn

Da Nang to invest nearly $495 mln in Southeast hillside urban area

Thu, 02 Apr 2026 03:00:00 GMT

Construction is slated to begin in the fourth quarter of 2027, with the entire project expected to be completed and operational by the end of 2032.

Authorities of Da Nang City in central Vietnam have officially approved the investment policy for the Southeast Hillside Urban Area, a massive development project spanning nearly 2.6 million square meters with a total investment exceeding VND13 trillion (nearly $495 million).

Located across Ba Na Commune and Hoa Khanh Ward, the project's primary objectives include real estate development, land use rights trading, and the leasing of residential and commercial properties.

According to the approved plan, 877,914 sq.m will be dedicated to housing construction. Notably, the project will allocate 175,779 sq.m for social housing infrastructure—equivalent to 20% of the total residential land area. Upon completion, the urban area is expected to provide 922 individual houses and 14,213 apartments.

The project has a designated operating term of 50 years starting from the date of land allocation or lease. Construction is slated to begin in the fourth quarter of 2027, with the entire project expected to be completed and operational by the end of 2032.

Da Nang City will select investors through a public bidding process in accordance with current regulations.

Vneconomy-Thanh Xuân

PM requests to develop EV charging infrastructure in apartment buildings

Thu, 02 Apr 2026 02:00:00 GMT

The order is part of efforts to promote the transition to green transport.

The Prime Minister has ordered ministries, agencies and localities to accelerate the development of electric vehicle (EV) charging infrastructure in apartment buildings and urban areas, addressing key bottlenecks in the transition to green transport.

Under Official Dispatch No. 27/CD-TTg dated March 31, 2026, the Prime Minister emphasized that the shift to electric mobility is an inevitable trend in the broader transition toward green growth, digital transformation and clean energy.

However, charging stations, parking spaces and battery swap facilities in residential complexes remain limited and poorly coordinated. Inadequate parking planning has also placed pressure on internal power systems and raised fire safety concerns.

The Prime Minister instructed relevant authorities to improve communication and ensure transparency in green transport development, while reviewing and refining policies, standards and planning frameworks to avoid inefficiencies and misconduct.

The Ministry of Construction has been tasked with finalising regulations on integrating EV charging infrastructure into urban planning by the second quarter of 2026, and issuing updated technical standards for apartment buildings, including fire safety requirements, by April 30.

Meanwhile, the Ministry of Industry and Trade will develop national technical standards for charging equipment and systems by the third quarter.

VnEconomy-Hà Lê

PM calls for development of more oil and petroleum reserve facilities

Thu, 02 Apr 2026 01:00:00 GMT

The move aiming to strengthen national energy security.

Prime Minister Pham Minh Chinh has called for the development of additional oil and petroleum reserve facilities beyond the planned site in the central province of Thanh Hoa to strengthen national energy security.

The request was made during a meeting on April 1 to review preparations for a crude oil reserve project in the Nghi Son area, according to a Government News report.

The Ministry of Industry and Trade has been tasked with studying the development of further reserve facilities in Quang Ngai, Ho Chi Minh City and other localities.

The Prime Minister also urged the Viet Nam National Industry-Energy Group (Petrovietnam) to coordinate with relevant agencies and Thanh Hoa authorities to expedite construction of the Nghi Son facility.

He emphasised that the project is not only an urgent infrastructure requirement but also of strategic importance for economic development and ensuring national energy security.

Government News-Van Nguyen

Hanoi tourism records nearly 9 million arrivals in Q1, 2026

Wed, 01 Apr 2026 09:29:22 GMT

A recent survey by Vietnam Report shows that the majority of tourists prefer booking services through travel apps like Traveloka and Booking.com, accounting for 78.5%, while 56.9% book through travel company websites. This indicates that digital tourism development is becoming the main trend.

In the first three months of 2026, Hanoi is estimated to have welcomed 8.82 million visitors, marking a 20.5% increase compared to the same period last year. Among these, international tourists accounted for 2.4 million, a significant rise of 28.7%. Domestic tourists reached 6.42 million, up by 17.7%.

The total revenue from tourism in the first quarter was approximately VND36.99 trillion ($1.4 billion), an increase of 23.1%.

Alongside the growth in scale, Hanoi's tourism industry is actively renewing its products, focusing on experiential products linked to culture, craft villages, and rural areas.

Hanoi's tourism sector is also embracing digital transformation. According to Dang Huong Giang, Director of Hanoi's Department of Tourism, the city will continue to develop platforms such as digital culinary tourism maps, smart tourism ecosystems, and integrated digital data to enhance visitor experiences.

A recent survey by Vietnam Report shows that the majority of tourists prefer booking services through travel apps like Traveloka and Booking.com, accounting for 78.5%, while 56.9% book through travel company websites. This indicates that digital tourism development is becoming the main trend.

Currently, many famous landmarks in Hanoi, such as the Temple of Literature - Quoc Tu Giam, Thang Long Imperial Citadel, Hoa Lo Prison, and Perfume Pagoda, have adopted electronic tickets, automatic narration, and virtual reality (VR/AR) technology, along with QR codes.

Deputy Head of the Perfume Pagoda Festival Organizing Committee, Vuong Trong Dao, stated that the locality has implemented electronic tickets, QR code scanning, and AI camera systems, thereby improving service quality and festival management transparency.

From a business perspective, Nguyen Thi Thanh Tuyen, General Director of Ky Nghi Viet Company, said "Promoting digital transformation in online advertising programs, QR codes, etc., is truly beneficial. From young people to older customers, everyone can easily and quickly access specific information before deciding to book a tour."

Similarly, Do Hoang Trung from the Operations Department of Hanoitourist Travel Company noted that customers interested in buying tours now proactively contact through digital platforms instead of visiting directly as before.

"This requires businesses and tour guides to change their approach to adapt. Instead of only providing direct narration on the bus, we have guided customers to use QR codes at destinations, helping them be more proactive in exploring materials, images, and history," Trung said.

One of the significant breakthroughs in digital tourism in Hanoi is the application of 3D technology and artificial intelligence (AI) to preserve and promote heritage values. A clear example is the Thang Long Imperial Citadel, where the "Flag Tower Memories" tour, instead of traditional narration, uses 3D mapping technology to recreate historical layers with modern images, sound, and light.

Similarly, Director of the Center for Cultural and Scientific Activities at the Temple of Literature - Quoc Tu Giam, Le Xuan Kieu, stated that the site has digitized 40 items of the relic into QR codes for visitors to explore, and implemented automatic narration devices (Audio Guide) in 12 languages.

Vneconomy-Hoàng Bách

OCOP Quang Ninh Summer Fair set to open on April 10

Wed, 01 Apr 2026 07:52:00 GMT

The fair aiming to provide a diverse range of high-quality products for residents and tourists.

Northern Quang Ninh province will host the OCOP Quang Ninh Summer Fair 2026 as part of its Culture, Sports and Tourism Week to welcome the summer season, local authorities announced on March 31.

The event is scheduled to run from April 10 to the end of May.

Featuring around 240 booths, the fair aims to provide a diverse range of high-quality products for residents and tourists, with a focus on OCOP (One Commune One Product) items and other signature goods of the province.

Of the total, 104 booths will showcase agricultural OCOP products from local enterprises, cooperatives and production facilities across Quang Ninh. Another 120 booths will display typical agricultural and OCOP products from other provinces, cities and domestic economic organisations.

The event is expected to promote regional specialties, support local producers and stimulate tourism and consumer spending during the peak summer period.

VnEconomy-Mai Hoàng

Airlines to halt several domestic flights starting April 1 due to rising fuel costs

Wed, 01 Apr 2026 07:12:00 GMT

Should fuel prices remain around $200 per barrel, operational expenses for airlines could rise by roughly 40% compared to prior to the Middle East conflict.

Faced with the dual pressure of skyrocketing jet fuel prices and scarce supply, a series of Vietnamese airlines have to overhaul their operational plans. As a result, numerous domestic routes will be suspended or see significant frequency reductions, starting from April 1, 2026, reported Radio the Voice of Vietnam.

In March 2026, average Jet A-1 prices in the Singapore market fluctuated between $190 and $200 per barrel, peaking at $234.34 on March 24. Furthermore, physical premiums have exceeded $30 per barrel, reaching as high as $39.60 at certain points, pushing total fuel costs to extreme levels.

"Fuel costs are currently not only affected by crude oil prices but also by refining costs, war risk insurance, and supply chain disruptions, placing immense financial pressure on airlines," an aviation industry representative noted.

Estimates from the Civil Aviation Authority of Vietnam (CAAV) show that fuel now accounts for approximately 35% to 40% of total operating costs. Should fuel prices remain around $200 per barrel, operational expenses for airlines could rise by roughly 40% compared to prior to the Middle East conflict. In this climate, airlines are compelled to restructure their networks, optimize fleets, and adjust capacity to preserve cash flow rather than pursuing volume expansion.

The CAAV reported that Vietnam Airlines will officially suspend several routes starting from April 1, 2026, including: Cat Bi to Buon Ma Thuot, Cam Ranh, Phu Quoc, and Can Tho; and Ho Chi Minh City to Van Don, Rach Gia, and Dien Bien.

During the second quarter of 2026, depending on fuel price fluctuations (160–160–200/barrel), the national carrier expects to cut between 700 and 1,700 flight pairs per month, representing 10% to 20% of its total output. Specifically, international routes may see a 4% to 18% reduction, while domestic routes could be slashed by 12% to 26%.

Similarly, Vietjet plans to reduce its total operational output by approximately 18% in April 2026, with domestic capacity down 22% and international capacity down 11%.

Significant adjustments will be made to routes such as Hanoi–Cam Ranh, Hanoi–Buon Ma Thuot, HCMC–Cat Bi, HCMC–Tho Xuan, Da Nang–Singapore, and HCMC–Bangkok. The airline warned that if fuel prices remain high, further adjustments may follow.

Sun Phu Quoc Airways is currently maintaining its scale of approximately 60 flights per day and has secured fuel supplies through the end of April. However, the airline remains open to adjusting plans if market volatility continues.

Bamboo Airways anticipates a sharp reduction in scale, operating only 15–17 flights per day starting in April (a more than 50% decrease). The carrier will focus exclusively on trunk routes and flights to/from Quy Nhon.

Vietravel Airlines, operating a smaller fleet, will maintain 12–14 flights per day with two aircraft in April. It plans to increase this to 28–30 flights per day toward the end of the month to serve the April 30–May 1 holiday peak and the summer season as it adds more aircraft.

Finally, Pacific Airlines plans to reduce its capacity by 8% to 30% in Q2 2026, primarily cutting flights on off-peak days and low-efficiency time slots.

VOV-Pham Long

Program to train and develop 10,000 CEOs approved

Wed, 01 Apr 2026 01:37:57 GMT

Under a newly-signed decision, the program aims to train 10,000 CEOs and managers from private sector enterprises nationwide by 2030, with a target of at least 25% female participation.

Deputy Prime Minister Nguyen Chi Dung has signed Decision No. 525/QD-TTg, dated March 31, 2026, approving a program to train and develop 10,000 Chief Executive Officers (CEOs) through 2030, according to a report by the Government News.

Under the decision, the program aims to train 10,000 CEOs and managers from private sector enterprises nationwide by 2030, with a target of at least 25% female participation.

The program strives for 100% of graduates to be capable of applying modern management skills to real-world business practices, leading digital and green transformations, managing risks, and ensuring legal compliance.

Furthermore, the initiative aims to build and grow an alumni network, organize CEO forums, and develop a network of prestigious domestic and international CEO training institutions.

The program targets individuals from the private sector.

According to the approval, participants will receive state budget support to attend training courses in person, online, or through hybrid formats.

The duration of these courses will range from 30 to 90 days, depending on the specific program.

The program will proactively cooperate with development agencies and international organizations to mobilize technical and financial resources, as well as experts for implementation.

There will be a strong emphasis on linking with prestigious international institutes, universities, and training centers to establish partnerships and facilitate technology and curriculum transfers. This includes organizing joint training courses and short-term programs that offer co-branded certifications. The program also seeks to mobilize foreign lecturers, CEOs, economists, and entrepreneurs to participate in direct teaching, coaching, and mentoring.

In addition, the program will focus on enhancing the capacity of trainers and consultants in specialized topics such as sustainable business, green growth, and the latest global business trends. Conferences, seminars, and field trips to foreign enterprises will also be organized to facilitate practical learning and experience exchange for both students and instructors.

VGP-

Travel firms pivot to short-haul tours and value-driven strategies

Tue, 31 Mar 2026 23:00:00 GMT

For travel programs where contracts have not yet been signed, businesses are proactively discussing with customers to adjust tour prices appropriately. By sharing the burden of costs arising from objective factors, they aim to ensure trip quality while limiting losses for all parties involved.

The 22nd Ho Chi Minh City Tourism Festival 2026, themed “Vibrant Summer Vibes,” will take place from April 2 to 5 at September 23 Park.

The event is set to feature over 120 booths from travel agencies, hotels, airlines, and service providers from both Vietnam and abroad.

On this occasion, numerous travel firms will simultaneously launch discounts and promotions for peak Summer 2026 itineraries. Hotels in the 3-to-5-star segments are also implementing room discounts of 20% to 50% for guests who book directly.

According to the City Department of Tourism, travel businesses should avoid mass discounting in the current climate and instead focus on restructuring their products. Rather than competing through low prices, companies are encouraged to optimize their entire service packages—from itineraries to the chain of accompanying experiences—to create distinct value and attract tourists.

Currently, units are ramping up domestic land-based tours and nearby destinations to optimize costs and diversify experiences, rather than focusing on international tours amid ongoing global volatility.

In reality, under the pressure of rising input costs, tourism enterprises are implementing various solutions to keep tour prices stable.

Director of Marketing and Communications at Vietluxtour, Ms. Tran Thi Bao Thu, said “Summer 2026 will be a ‘litmus test’ for travel companies. When input costs fluctuate, businesses cannot rely solely on discounts but must enhance their adaptability.”

Her firm is currently recording a rapid shift toward Northeast Asian markets such as Japan, South Korea, mainland China, and Taiwan (China). These markets offer the advantage of short flight distances and are less affected by airspace instability, while costs remain attractive thanks to favorable exchange rates for the Yen and Won.

CEO of Vietravel, Mr. Tran Doan The Duy, stated that his company is proactively reorienting its tour portfolio toward greater flexibility, focusing on short-haul and domestic routes.

Similarly, a representative from Flamingo Redtours shared that the company is working with land transport providers to balance vehicle rental prices at reasonable levels, while also recalculating group sizes and selecting appropriate vehicles.

For travel programs where contracts have not yet been signed, businesses are proactively discussing with customers to adjust tour prices appropriately. By sharing the burden of costs arising from objective factors, they aim to ensure trip quality while limiting losses for all parties involved.

Vneconomy-Tường Bách

Vietnam aims to have 3 cybersecurity firms in the world’s top 50 by 2045

Tue, 31 Mar 2026 00:00:00 GMT

Looking toward 2030, Vietnam aims to break into the top 15 nations globally, in terms of cybersecurity Index.

Prime Minister Pham Minh Chinh has signed Decision No. 515/QD-TTg, dated March 30, 2026, approving a major scheme to enhance the operational capacity of the national cybersecurity force.

Looking toward 2030, Vietnam aims to break into the top 15 nations globally according to the Global Cybersecurity Index (ITU-GCI). To bolster its regional influence, the country will establish a Regional Training Center for cybersecurity and cybercrime prevention to enhance its leadership and capacity-building efforts within the area.

Human resource development is a central pillar of the strategy, with a goal of having at least 10,000 high-level cybersecurity experts by 2030, 20% of whom must meet international standards.

The scheme also mandates that 100% of specialized cybersecurity forces be fully deployed within the Ministry of Public Security, the Ministry of National Defense, various ministries, sectors, and provincial People's Committees, as well as agencies managing critical national security information systems.

Furthermore, the government aims for 90% of internet users to have access to cybersecurity awareness programs, skills training, and protective tools. Vietnam is committed to researching and mastering strategic cybersecurity technologies and developing a domestic ecosystem of products and services.

To ensure this autonomy, the State will select at least two organizations or enterprises to lead the development of each key cybersecurity product and platform.

Finally, the plan sets a target for 70% of ministries, sectors, local authorities, and critical national information systems to utilize strategic "Make in Vietnam" technology products by 2030.

By 2045, Vietnam aims to become a leading nation in the Asia-Pacific region for cybersecurity, possessing robust capabilities in defense, the suppression of cybercrime, and the neutralization of hostile forces. This vision seeks to firmly protect national digital sovereignty and safeguard all activities of the State, businesses, and citizens in cyberspace.

The plan envisions the cybersecurity industry becoming a spearhead economic-technical sector. A key target is to have at least three Vietnamese cybersecurity enterprises ranked among the world’s top 50 providers, specializing in the export of products, services, and technologies to the global market.

Vneconomy-Bạch Dương

343 suspects arrested and prosecuted in major transnational online fraud crackdown

Mon, 30 Mar 2026 23:40:00 GMT

The syndicate specifically targeted vulnerable groups, including the elderly, frequent social media users, regular online shoppers, and those with limited technological literacy.

The Criminal Police Department under the Ministry of Public Security, in coordination with the Dong Nai Provincial Police, Border Guard forces, and Cambodian authorities, has successfully dismantled a massive transnational online fraud syndicate.

According to the investigation, on March 17, 2026, at the Hoa Lu International Border Gate, Vietnamese authorities received nearly 400 Vietnamese nationals handed over by Cambodian functional forces. These individuals were identified as members of a sophisticated cyber-scam network operating within Cambodia.

Preliminary investigations revealed that the suspects originally sought employment through social media before illegally exiting Vietnam to work at the Poi Pet Casino in Cambodia. Once there, they utilized various platforms—including WhatsApp, Zalo, Gap, Instagram, and Facebook—to orchestrate scams aimed at appropriating assets from unsuspecting internet users.

The syndicate specifically targeted vulnerable groups, including the elderly, frequent social media users, regular online shoppers, and those with limited technological literacy.

Following an intensive investigation and the collection of evidence, the Dong Nai Provincial Police (Criminal Police Division) officially prosecuted and issued temporary detention warrants for 343 suspects on March 27, 2026. They are being charged with "Using computer networks, telecommunications networks, or electronic devices to appropriate property."

Authorities are currently strengthening the case files to process the remaining suspects and are investigating further related criminal charges.

To assist with the ongoing investigation and protect the legal rights of victims, the investigative agency urges anyone who has fallen victim to online scams recently to contact their nearest police station immediately to provide information and support the case.

Vneconomy-Đỗ Như

Dong Nai proposes adding Xuan Hoa station to projected North-South high-speed railway

Mon, 30 Mar 2026 09:00:00 GMT

Currently, the eastern region of the southern province of Dong Nai —specifically the communes of Xuan Loc, Xuan Phu, and Xuan Hoa—is not served by any passenger station in the existing project plans.

The Ministry of Construction has agreed in principle to study the addition of a passenger station in Xuan Hoa Commune, southern Dong Nai Province, to the North-South High-Speed Railway project, as proposed by the province's People's Committee.

Under this decision, the ministry has tasked the Thang Long Project Management Board and relevant units to coordinate closely with provincial authorities during the feasibility study phase. Together, they will conduct surveys and propose route directions, station locations, and design solutions that ensure both technical and economic efficiency.

According to current planning, the 82-km section of the North-South High-Speed Railway passing through Dong Nai features only one passenger station, located at Long Thanh International Airport.

To further stimulate economic growth, the Provincial People's Committee proposed adding the Xuan Hoa passenger station to the project’s documentation. The proposed site is approximately 48 km from Long Thanh Station and 66 km from Muong Man Station (located at Km1393). This positioning meets the regulatory requirement of maintaining a roughly 50-km distance between stations.

The Provincial People's Committee noted that Dong Nai holds massive potential for Transit-Oriented Development (TOD). Currently, the eastern region of the province—specifically the communes of Xuan Loc, Xuan Phu, and Xuan Hoa—is not served by any passenger station in the existing project plans.

However, this area holds a strategic position, linking Dong Nai to the South Central coastal provinces via National Highway 1 and the Dau Giay–Phan Thiet Expressway. The region is ripe for development in urban housing, industrial zones, logistics services, and eco-tourism—highlighted by landmarks such as the Chua Chan Mountain resort area and Nui Le Lake. Additionally, the area is home to the 485-hectare Xuan Hoa Industrial Park.

Provincial authorities emphasized that the region’s vast land fund, favorable terrain, and high potential for infrastructure connectivity make it an ideal location for a large-scale passenger station to maximize the efficiency of the TOD model.

Vneconomy-Thanh Thủy

Hanoi approves master plan with 100-year vision

Mon, 30 Mar 2026 02:39:24 GMT

The capital city aiming to develop as a leading hub for the economy, education, healthcare and innovation in the Asia-Pacific by 2035.

Hanoi aims to become a “civilised, modern and happy” capital with a rich cultural heritage, while serving as a leading hub for the economy, education, healthcare and innovation in the Asia-Pacific by 2035, under a newly approved master plan with a 100-year vision.

Approved by local authorities on March 28, the plan envisions the capital reaching a level comparable to developed nations in terms of knowledge and technology by 2045. Beyond 2065, Hanoi is expected to evolve into a global city, recognized among the world’s leading capitals for quality of life and overall well-being.

The city covers approximately 3,360 sq.km, with its population projected to reach 14–15 million by 2035, 15–16 million by 2045, and 17–19 million by 2065. The long-term plan aims to keep the population below 20 million to ensure sustainable urban density while maintaining the capacity to accommodate transient residents.

The master plan outlines an open spatial structure described as “multi-layered, multi-polar and multi-centered”, with the Red River serving as the central ecological and cultural axis, closely linked to regional, national and international economic networks.

Key targets include an average annual GRDP growth rate of 11%, per capita GRDP of $12,000, and the digital economy accounting for 40% of total GRDP by 2030. The urbanization rate is expected to reach 65–70%, while public transport is projected to meet at least 30% of travel demand.

VnEconomy-Hà Lê

Evolution of traffic fines in Vietnam

Sun, 29 Mar 2026 23:30:00 GMT

Under Decree 168, the maximum fine for motorcyclists with the highest level of blood alcohol concentration has increased to VND 8–10 million, compared to VND 6–8 million under Decree 100, which will be abolished as from mid May

Evolution of traffic fines in Vietnam

Under Decree 168, the maximum fine for motorcyclists with the highest level of blood alcohol concentration has increased to VND 8–10 million, compared to VND 6–8 million under Decree 100, which will be abolished as from mid May

Vietnam’s regulatory framework on road traffic violations has undergone significant changes with the introduction of Decree 168, which took effect in early 2025, replacing Decree 100 which is about to expire, according to the Government News.

Decree 100/2019/ND-CP, which has long served as the primary legal basis for sanctioning road and railway traffic violations in Vietnam, will be officially abolished from May 15, 2026, under the provisions of Decree 81/2026/ND-CP, dated March 19, 2026.

Previously amended and supplemented by Decree 123/2021, Decree 100 has already been largely superseded in practice following the introduction of Decree 168/2024, which took effect in early 2025. The new decree replaces most regulations on administrative penalties in road traffic, introducing significantly higher fines and a driver's license point deduction system.

The abolition of Decree 100 marks a formal transition to a stricter and more comprehensive enforcement framework aimed at improving traffic discipline and road safety.

One of the most notable changes concerns alcohol-related violations. Under Decree 168, the maximum fine for motorcyclists with the highest level of blood alcohol concentration has increased to VND 8–10 million, compared to VND 6–8 million under Decree 100. The additional penalty of license suspension for 22–24 months remains unchanged, reflecting the continued strict stance against drink-driving.

Penalties for running red lights have seen one of the sharpest increases. While Decree 100 imposed fines ranging from VND 600,000 to 1 million, Decree 168 raises this to VND 4–6 million. In addition, violators are now subject to a deduction of four points from their driver's license, signaling a move toward a more comprehensive monitoring system beyond monetary fines.

The new decree also introduces much stricter rules regarding child safety on motorcycles. Previously, improper child seating violations were subject to relatively low fines of VND 200,000–300,000. Under Decree 168, fines have surged to between VND 6–10 million depending on the case, and regulations now clearly require children aged six and above to sit behind the driver. This change highlights a stronger emphasis on protecting vulnerable road users.

Similarly, riding on sidewalks—once penalized at VND 400,000–600,000—now carries fines of VND 4–6 million, along with a deduction of two license points. This roughly tenfold increase reflects authorities' efforts to curb a widespread and hazardous practice in urban areas.

Even seemingly minor violations, such as lacking a proper rear-view mirror or having defective lighting systems, have not been overlooked. Fines for these offenses have risen from around VND 100,000–200,000 to VND 400,000–600,000 under the new regulations, indicating a more comprehensive tightening of traffic safety standards.

Overall, Decree 168 represents a significant escalation in both the scale and scope of traffic penalties for motorcyclists. By combining higher fines with a point-based license management system, the government aims to enhance compliance, reduce violations, and ultimately improve road safety across the country.

VGP-Pham Long

Japan to ramp up recruitment of Vietnamese taxi and bus drivers

Sun, 29 Mar 2026 23:15:00 GMT

This represents a significant opportunity for Vietnamese laborers to access a new segment of the Japanese market that faces high demand, offering the potential for stable working conditions and steady income.

The Department of Overseas Labor under the Ministry of Home Affairs of Vietnam has announced that Japan will organize skill evaluation exams for the automobile transport sector in Vietnam.

This initiative is being implemented to fulfill a cooperation agreement between Vietnam and Japan regarding the recruitment of workers under the "Specified Skilled Worker" residency status.

The examinations are scheduled to take place in Hanoi, Ho Chi Minh City, and Da Nang, beginning April 2.

To be qualified for employment, workers must first pass both a Japanese language proficiency test and the specialized skill evaluation for the automobile transport industry.

Successful candidates will then enter Japan under the "Designated Activities" residency status, during which they must work toward converting their foreign driver's licenses into Japanese licenses.

For those seeking positions as bus or taxi drivers, the requirements are more extensive; in addition to the license conversion, they must complete a mandatory "new driver training" course to meet Japanese professional standards.

The program includes strict timelines for these requirements. Truck drivers are given a maximum of six months to pass their license conversion, while bus and taxi drivers are allowed up to one year. If workers fail to obtain the corresponding Japanese driver's license within these specific timeframes, they will not be granted residency extensions and will be required to return to Vietnam.

According to the department, these exams are designed to assess the professional competence of workers to ensure they meet the criteria for the "Specified Skilled Worker No. 1" program in the automobile transport sector.

This represents a significant opportunity for Vietnamese laborers to access a new segment of the Japanese market that faces high demand, offering the potential for stable working conditions and steady income.

Vneconomy-Nhật Dương

$45 mln residential complex breaks ground in downtown Hue city

Sun, 29 Mar 2026 23:00:00 GMT

Once completed, the complex is expected to accommodate a population of around 1,800 residents.

A groundbreaking ceremony for the Vlasta Premier - Phu Hoi housing project officially took place on March 29 in Thuan Hoa Ward, Hue City, central Vietnam.

Situated at the intersection of Tran Cao Van and Nguyen Tri Phuong streets, the project occupies a prime central location in the heart of the ancient capital of Vietnam.

The development is positioned at a strategic crossroads between Hue’s two distinct urban spaces: the historic heritage district north of the Huong River and the modern urban area to the south.

This location offers significant connectivity and is expected to drive commercial and service growth, especially given its proximity to the central pedestrian zone, which is ideal for cultural and tourism activities.

According to the developer, the project spans more than 17,213 sq.m with a total investment of approximately VND1.192 trillion (over $45 million). The master plan includes two apartment towers and seven rows of townhouses, set to deliver 482 apartments and 55 townhouses to the market. Once completed, the complex is expected to accommodate a population of around 1,800 residents.

Speaking at the groundbreaking ceremony, Vice Chairman of the Hue City People’s Committee, Phan Quy Phuong, emphasized that the project will do more than just increase the local housing supply. He highlighted that Vlasta Premier - Phu Hoi will serve as an architectural landmark, enhancing the quality of urban spaces and contributing significantly to the economic development of the local area.Gửi lên

Vneconomy-Nguyễn Thuấn

Govn't approves $303mln boost to fuel price stabilisation fund

Sun, 29 Mar 2026 01:18:00 GMT

The move aiming to ease pressure on prices and support market stability.

The Vietnamese Government has approved an additional VND8 trillion ($303.7 million) in advance funding for the fuel price stabilization fund, aiming to ease pressure on prices and support market stability.

Under the decision, the funding will be sourced from the central budget revenue surplus recorded in 2025 and assigned to the Ministry of Industry and Trade.

The ministry has been tasked with implementing the advance, as well as managing and supervising the use of the fund in line with regulations, and developing fuel price management scenarios.

It is also required to ensure that the advance is repaid to the state budget within 12 months of disbursement, once market conditions stabilise.

VnEconomy-Hoàng Sơn

Decree 100 on handling traffic violations to be abolished from mid-May

Sun, 29 Mar 2026 01:00:00 GMT

Decree 100 will be replaced by Decree 81/2026/ND-CP of March 26, 2026, which stipulates penalties for administrative violations in the field of railway traffic.

The Government has decided to abolish Decree No. 100/2019/ND-CP, dated December 30, 2019, on sanctions for administrative violations in the field of road and railway traffic, especially for alcohol-related traffic violations, according to a report by the Government News.

On March 26, the Government issued Decree 81/2026/ND-CP stipulating penalties for administrative violations in the field of railway traffic.

This Decree takes effect from May 15, 2026; repealing Decree No. 100/2019/ND-CP dated December 30, 2019 stipulating penalties for administrative violations in the field of road and railway traffic (amended and supplemented by Decree No. 123/2021/ND-CP dated December 28, 2021 amending and supplementing a number of articles of Decrees stipulating penalties for administrative violations in the field of maritime; road and railway traffic; civil aviation).

As a result, railway and road traffic violations will be separately regulated by two different decrees.

Road traffic violations are regulated under Decree 168/2024, which took effect in early 2025.

According to the Traffic Police Department under the Ministry of Public Security, the abolition of Decree 100 does not mean stopping handling traffic violations. It aims to separate the two specialized fields.

Accordingly, Decree 100/2019/ND-CP, along with the contents amended and supplemented in Decree 123/2021/ND-CP, will expire.

Decree 100, effective from January 1, 2020 until May 15, 2026, enforced a strict "no drinking and driving" policy in Vietnam. It significantly reduced drink-driving incidents and raised public awareness about road safety. Any detectable level of alcohol in the blood or breath can result in sanctions.

It introduces heavy fines, license suspensions, and other deterrent measures to curb drink-driving. The regulation has played a significant role in raising public awareness, changing behavior, and improving road safety nationwide.

VGP-Pham Long

Work begins on 1,900 social housing units in Ha Tinh

Sun, 29 Mar 2026 00:55:00 GMT

Once completed, the project is expected to provide over 1,900 apartments, primarily serving low-income earners, industrial workers, and members of the armed forces.

A groundbreaking ceremony was held on March 27 for a new social housing project in Tran Phu Ward, the central Ha Tinh province, developed by Phuc Dat Ha Tinh Co., Ltd.

Spanning nearly 6 ha, the development will feature five 15-story residential towers and one commercial building. Once completed, the project is expected to provide over 1,900 apartments, primarily serving low-income earners, industrial workers, and members of the armed forces.

Beyond providing housing, the project is designed as a synchronized urban area. It will integrate technical infrastructure, internal traffic systems, green spaces, public facilities, and essential services to ensure a high quality of life for residents.

Speaking at the ceremony, Mr. Ho Huy Thanh, Vice Chairman of the Ha Tinh Provincial People’s Committee, emphasized the province's commitment to balancing economic growth with social progress and equity. He noted that providing housing for low-income and vulnerable groups remains a long-term strategic priority, guided by the spirit of "leaving no one behind."

The project is seen as a concrete step toward realizing this vision and is expected to attract further investment into similar social projects in the future, said Mr. Thanh.

To ensure the project's success, the provincial leader has requested the developer to mobilize maximum financial, human, and technological resources. The company is also urged to maintain scientific construction management to ensure the project meets all deadlines, safety standards, and quality benchmarks.

Furthermore, the province highlighted the importance of sustainability and environmental friendliness, aiming to turn this development into a model for social housing.

VNeconomy-Nguyễn Thuấn

Sports economy: a new growth engine for Vietnam’s GDP

Sat, 28 Mar 2026 07:15:00 GMT

Many participants at the Vietnam Sports Economy Summit (VSES) 2026 agreed that as Vietnam’s economy undergoes a powerful transformation, the sports economy represents a "new frontier" for investment.

As Vietnam actively seeks new drivers for economic growth, the sports economy is increasingly being recognized as a high-potential sector capable of contributing directly to the national GDP.

However, for this industry to truly "take off," the country must address systemic bottlenecks and select an appropriate development model—challenges that are well-known but remain complex to navigate.

These themes were central to the Vietnam Sports Economy Summit (VSES) 2026, held in Hanoi on March 27. Under the theme "Shaping a New Economy," VSES 2026 aimed to broaden the perspective on sports, repositioning it as a sector capable of generating substantial economic value, market opportunities, and long-term development for the nation.

Speaking at the forum, Mr. Cho Hyun Jae, Chairman of the Korea Sports Promotion Foundation and former Vice Minister of Culture, Sports, and Tourism of South Korea, shared insights into how South Korea successfully built a modern sports industry from humble beginnings. He emphasized that this success was rooted in a long-term strategy, synchronized policies, and a mindset that treats sports as a value-added economic sector.

A core pillar of the Korean model is the public-private partnership (PPP) mechanism. In this framework, the State focuses on establishing the policy environment and regulatory oversight rather than directly operating sports entities. Furthermore, attracting major corporations to invest in sports has generated significant financial resources, allowing the industry to scale up and improve quality rapidly.

Mr. Cho also highlighted the development of legalized sports-related financial models as a crucial revenue stream. These models provide stable funding for reinvestment and the maintenance of the sports ecosystem. By transferring management responsibilities to professional organizations, the South Korean sports industry has been able to operate according to market logic, enhancing both efficiency and sustainability.

Drawing from these international experiences, experts at the summit noted that Vietnam’s challenge is not merely to replicate existing models but to adapt them to domestic conditions.

Many participants agreed that as Vietnam’s economy undergoes a powerful transformation, the sports economy represents a "new frontier" for investment. If positioned correctly with effective promotional mechanisms, it can serve as a convergence point for progressive policies, market demand, and diverse social capital.

Delivering the opening address, Minister of Culture, Sports, and Tourism Nguyen Van Hung emphasized that refining the institutional framework is a prerequisite for success. This involves reviewing existing regulations that act as barriers while simultaneously building a policy framework that is both regulatory and enabling, paving the way for social resources to participate.

According to the minister, legislation should not merely serve a regulatory function but must become the foundation for creating developmental space for this new economic sector.

From a market perspective, analyses presented at the summit indicated that global sports have moved far beyond the realm of mere entertainment to become a major economic sector with a highly complex structure.

The industry's value is no longer limited to tournaments or athletic achievements; it is increasingly generated through media rights, sponsorships, event management, tourism, equipment manufacturing, technology, and user data.

Currently, the global sports market is valued at hundreds of billions of dollars in direct revenue streams alone, such as media rights, sponsorships, and match-day earnings. When expanded to include related fields—such as sporting goods, sports tourism, and ancillary services—this scale multiplies significantly, highlighting the vast potential for growth within this economic sector on a global scale.

Vneconomy-Dũng Huỳnh

Agriculture ministry drafts production scenarios amid Middle East conflict

Sat, 28 Mar 2026 01:00:00 GMT

Agricultural production costs are estimated to increase by 3–5% as a result of the conflict.

The Ministry of Agriculture and Environment has developed a comprehensive response strategy to address the ongoing conflict in the Middle East, according to a report released by the Government News.

The plan aims to mitigate negative impacts, maintain growth momentum, and ensure the successful achievement of the sector's 2026 development targets.

Accordingly, three scenarios are outlined based on the potential duration of the conflict: one month, three months, and one year. Accompanying these scenarios is a set of both urgent short-term measures and sustainable long-term strategies.

In the immediate term, the ministry will focus on stabilizing the supply and prices of agricultural inputs. Key priorities include: closely monitoring market fluctuations and establishing an early warning mechanism for logistics risks; assisting businesses with debt restructuring, warehousing, and cargo preservation; stepping up trade promotion activities and identifying alternative export markets to reduce dependency; and reviewing credit and tax policies to support exporters, reduce production costs, and maintain essential cash flow amid market volatility.

In the long term, the sector will continue to restructure production to enhance added value. Long-term goals includep promoting "green agriculture" and integrating advanced science, technology, and digital transformation; and diversifying export markets and increasing self-sufficiency in raw materials to reduce vulnerability to global shocks.

Additionally, the ministry has formally petitioned the Government and the Prime Minister to direct relevant ministries and agencies to implement synchronized support policies. These recommendations include providing credit assistance, trade facilitation, and agricultural insurance, while removing bottlenecks for both businesses and individual producers.

The ministry stated that proactively developing these response scenarios is crucial for enhancing the sector's resilience. This strategy not only protects the industry against current global instability but also creates opportunities for restructuring, ensuring sustainable growth for 2026 and the years to follow.

In 2026, the sector targets growth of 3.7–4%, with total export turnover reaching about $73–74 billion. Production and export results in the early months of the year have shown positive signals, laying the foundation for achieving these goals.

However, the conflict in the Middle East is expected to affect the sector through several channels. First, input costs are rising due to soaring energy prices, which in turn drive up the cost of agricultural materials, animal feed, and transportation. Agricultural production costs are estimated to increase by 3–5%.

In addition, logistics costs have surged, with sea freight rates climbing by 25–35% and delivery times lengthening. This impacts the competitiveness of export goods, especially perishable products such as seafood, fruits, and vegetables. Certain commodities with a large export share to the Middle East, such as cashew nuts and pepper, face the risk of disruption.

VGP-Pham Long

HCM City to pilot pork trading on commodity exchange

Sat, 28 Mar 2026 00:40:00 GMT

The plan aiming to improve price transparency, quality control, and traceability.

Ho Chi Minh City will become the first locality in Vietnam to pilot pork listing and trading on the Mercantile Exchange of Vietnam (MXV), aiming to improve price transparency, quality control, and traceability, according to the southern city's Department of Industry and Trade.

The city is the country’s largest pork consumer, with daily consumption of 13,000–14,000 pigs and an annual market value exceeding VND25 trillion ($960 million).

A representative of the MXV said the pilot will focus on post-slaughter pork carcasses that meet strict standards on quality, food safety, and traceability. Participation will be voluntary, with the model operating alongside traditional distribution channels to avoid market disruption while ensuring regulatory compliance.

Mr. Tran Huu Linh, Director General of the Agency for Domestic Market Surveillance and Development under the Ministry of Industry and Trade, said linking exchange-listed prices with traceability standards would help improve delivery quality, enhance food safety, better regulate supply and demand, and establish a reliable market benchmark.

VnEconomy-Song Hà

Prompt construction of strategic oil and petroleum storage depot requested

Fri, 27 Mar 2026 09:00:00 GMT

The request aims to enhance national energy autonomy amid the military conflict in the Middle East.

While chairing a meeting in Hanoi on March 26 with the task force established to ensure national energy security amid the military conflict in the Middle East, Prime Minister Pham Minh Chinh ordered prompt construction of a strategic oil and petroleum storage depot in Thanh Hoa province's Nghi Son Commune in a bid to enhance national energy autonomy.

The Prime Minister was quoted by the Government News as requesting that there must be no shortage of petroleum supply, adding that petroleum production and trading activities must be healthy and transparent.

The Government leader tasked the Ministry of Industry and Trade to continue ensuring the supply of imported crude oil for the coming months and direct key petroleum traders to maintain adequate fuel supply for the domestic market.

The Ministry of Finance was assigned to manage fuel prices in line with daily market movements and in accordance with legal regulations; coordinate with relevant agencies to assess the impact of global uncertainties and propose extending through June the implementation of the Government’s Decree 72/2026/ND-CP, which revised preferential import tariff rates for a number of gasoline and oil products as well as materials used for petroleum production.

The State Bank of Vietnam was required to direct credit institutions to continue facilitating access to loans by petroleum production and trading enterprises in accordance with the law.

The Government leader urged the Ministry of Science and Technology to promptly address issues related to regulations and standards and support customs clearance and certification for imported petroleum shipments in order to shorten licensing time and bring fuel into circulation as quickly as possible, thereby ensuring supply.

VGP-Van Nguyen

Domestic airlines adjust operations as jet fuel prices surge

Fri, 27 Mar 2026 01:00:00 GMT

Local airlines's expenses have risen by 20–30%, according to their estimates.

Rising aviation fuel prices and tightening supplies of Jet A-1 are forcing Vietnamese airlines to revise flight plans, cut some routes and focus on key services.

Budget-carrier Vietjet Air said it has adjusted operations in line with guidance from the Civil Aviation Authority of Vietnam (CAAV) to maintain network stability. During April–May, including the peak April 30–May 1 holiday, the carrier will continue operating 64 international routes while adjusting frequencies on selected services to match demand.

National flag carrier Vietnam Airlines is prioritising routes with strategic importance for connectivity, trade, tourism and diplomacy. From April 1, 2026, the carrier plans to temporarily suspend several routes, including Hai Phong–Buon Ma Thuot, Hai Phong–Cam Ranh, Hai Phong–Phu Quoc, Hai Phong–Can Tho, Ho Chi Minh City–Van Don, Ho Chi Minh City–Rach Gia and Ho Chi Minh City–Dien Bien, affecting about 23 flights per week.

Bamboo Airways will concentrate on trunk routes such as Hanoi–Ho Chi Minh City–Da Nang and high-demand tourism destinations, while maintaining charter flights to China and the Philippines.

Vietravel Airlines, however, plans to add a new aircraft in April and increase flights to key tourist destinations, while resuming the Hanoi–Bangkok route from April 24.

According to the CAAV, Jet A-1 prices have surged to over $220 per barrel from about $89 in February, significantly raising operating costs. Local airlines estimate expenses have risen by 20–30%.

Carriers are considering fare adjustments within regulatory caps and may introduce fuel surcharges on international routes from early April. They have also called for government support measures, including tax reductions and financial assistance.

VnEconomy-Đan Tiên

Environmental protection taxes on oil products cut to zero until April 15

Fri, 27 Mar 2026 00:00:00 GMT

The move aims at stabilizing the market and ensuring energy security.

Vietnam has slashed environmental protection taxes on petrol, aviation fuel and diesel to zero from March 27, 2026, under an urgent decision by the Prime Minister, aimed at stabilizing the market and ensuring energy security.

The measure, outlined in Decision No. 482/QD-TTg issued by the Prime Minister on March 26, will remain in effect until April 15, 2026.

Under the decision, the environmental protection tax on petrol (excluding ethanol), diesel and aviation fuel has been reduced to VND0 per litre. These products are also exempt from value-added tax (VAT) during the period, although input VAT remains deductible. In addition, the special consumption tax on petrol has been cut to 0% also.

The Ministry of Finance described the move as an emergency response to rising global energy prices, driven by escalating tensions in the Strait of Hormuz that have pushed crude oil prices above $100 per barrel.

During the implementation period, businesses and importers of petrol, diesel and aviation fuel will not be required to declare or pay VAT at either the import or sales stages.

The Government expects the temporary tax cuts to help ease cost pressures, stabilize domestic fuel prices and support economic activity.

VnEconomy-Hoàng Sơn

Hanoi’s job market heats up as firms raise recruitment standards

Thu, 26 Mar 2026 23:30:00 GMT

Workers who possess multitasking skills and the ability to utilize AI-assisted tools for order and warehouse management will hold a significant competitive advantage.

Against a backdrop of supply chain instability, export enterprises are prioritizing the recruitment of logistics and supply chain professionals capable of crisis management, alternative sourcing, and transport risk mitigation.

According to a labor market report from the Hanoi Employment Service Center, the capital's economy is expected to maintain its growth momentum in March 2026, building on the positive foundations established in the first quarter.

However, risks stemming from conflicts in the Middle East are no longer a distant threat but are now exerting direct pressure on exporters. Escalating oil prices and disruptions in maritime supply chains are expected to hit the textile, footwear, and electronic component sectors particularly hard.

These industries rely heavily on imported raw materials and sea freight. Consequently, firms may face order delays or skyrocketing input costs, forcing them to optimize operational processes to protect profit margins.

The Hanoi Employment Service Center notes that the labor market in March is not only vibrant in terms of hiring volume but also more stringent regarding candidate quality. While core sectors continue to show growth—such as manufacturing (up 5%) and wholesale/retail (up 4%)—there is a marked shift in the specific skill sets currently in high demand.

In the manufacturing sector, the demand for traditional unskilled labor is being replaced by a "thirst" for technicians. Companies are looking for personnel capable of operating automated production lines and interpreting production data to minimize waste and reduce costs.

Furthermore, workers who possess multitasking skills and the ability to utilize AI-assisted tools for order and warehouse management will hold a significant competitive advantage. This shift comes as Hanoi-based enterprises are forced to tighten budgets and increase efficiency to cope with the ongoing volatility in the Middle East.

Vneconomy-Nhật Dương

Vietnamese coffee to enter Net Zero era

Thu, 26 Mar 2026 23:12:00 GMT

The Global Coffee Alliance 2026 Declaration sets a long-term goal of building a "Net Zero" global coffee ecosystem, with carbon neutrality standards serving as the core guiding principle.

The International Coffee Conference 2026 in Hanoi on March 26 launched the Global Coffee Alliance (GCA), as the industry grapples with the dual challenges of climate change and market volatility.

Against this backdrop, the GCA was established as a Public-Private Partnership (PPP) model, blending diplomacy with the corporate sector. The GCA 2026 Declaration sets a long-term goal of building a "Net Zero" global coffee ecosystem, with carbon neutrality standards serving as the core guiding principle.

Ms. Le Hoang Diep Thao, Founder and CEO of TNI King Coffee, stated that by 2040, the alliance aims for 100% of its members' cultivation areas to meet regenerative agriculture standards. The initiative also includes the establishment of a Sustainable Development Fund to invest in green production models, reforestation, and water resource protection in growing regions. Central to this ecosystem is the protection of the livelihoods of 125 million "coffee citizens" worldwide, with a firm commitment that "no farmer is left behind."

Commenting on the initiative, Palestinian Ambassador to Vietnam, H.E. Saadi Salama, described the GCA as a "timely and strategic" move. He noted that it effectively combines diplomatic influence with the dynamism of the private sector to simultaneously address environmental challenges and human development.

H.E. João Pereira, Ambassador of Timor-Leste to Vietnam, shared that although his country is a newcomer to the coffee sector, it has successfully developed Arabica varieties grown at altitudes of 800 meters with distinctive flavors. Expressing a desire to bring these products to the international market, the Ambassador praised the GCA as an opportunity for Timor-Leste to both contribute and learn. He also recognized Vietnam as a model of rapid development that offers valuable lessons in building a sustainable and efficient coffee industry.

Meanwhile, a representative from the Angolan Embassy in Vietnam highlighted Angola's long-standing tradition in coffee production as a significant exporter of both Arabica and Robusta. The representative lauded the GCA as a vital initiative for coffee-producing nations and expressed strong support for the message of inclusivity for farmers, noting that Angola is also implementing programs focused on sustainability and equity within the industry.

The International Coffee Conference 2026 attracted representatives from 19 diplomatic missions in Vietnam, alongside experts, business leaders, and top industry managers. The event serves not only as a forum for exchange but as the starting point for a new journey of global cooperation, aimed at creating a more sustainable, transparent, and equitable coffee industry.

VNeconomy-Dũng Huỳnh