Vietnam Today

At the meeting on November 13 in Hanoi, General Secretary of the Communist Party of Vietnam Central Committee and President To Lam affirmed the Vietnamese Party, State and people’s consistent stance of solidarity, support and standing with the fraternal Cuban people.

The 2025 state budget deficit accounts for only 3.1% of GDP, significantly lower than the projected 3.8%.

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

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

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

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