The proposed New Generation Free Trade Zone aims to introduce exceptional and breakthrough mechanisms and policies to attract investment, finance, trade, and services.
During a meeting on April 5 to seek immediate and long-term measures after the U.S. Administration announced reciprocal tariffs on imports into the U.S., PM Pham Minh Chinh called for more initiatives to promote trade relations between Vietnam and the U.S. in a balanced and sustainable manner.
In his recent article titled “Rising in International Integration”, Party General Secretary To Lam highlighted that to achieve peace and development, it is a must to open the door to the outside world and cooperate with other nations, with international integration representing the highest forms and level of international cooperation.
Foreign contractors selected through bidding are required to priorities using products, goods, and services that can be produced or supplied domestically.
Vietnam needs to fully address the shortcomings in its economy as it pursues higher growth, with the Party General Secretary calling for a new, groundbreaking resolution on private sector development.