VnEconomy - Vietnam Economic Times

Vietnam Railways officially becomes Vietnam National Railway Group

Tue, 11 Aug 2026 23:10:00 GMT

By 2035, the vision is for VNR to become a major domestic economic group with the capacity to operate and maintain new, modern national railway networks. It aims to hold a central position in the multimodal logistics chain and international rail transport.

Under a decision that took effect on August 11, the Vietnam Railways Corporation has officially transitioned into the Vietnam National Railway Group (VNR).

According to the new registration of the group, railway construction is designated as the core business line. This includes the management, operation, maintenance, and repair of the national railway infrastructure system, as well as the commercial exploitation of these assets.

The VNR inherits all legal rights, obligations, and responsibilities of the former Vietnam Railways Corporation, including all signed agreements, documents, and contracts with relevant parties.

Under the new strategic direction, the group will play a pivotal role in the management, operation, and maintenance of railway lines. It is tasked with leading and integrating other enterprises within the railway value chain to gradually master core and strategic technologies, thereby creating a driving force for the development of the railway industry.

Furthermore, the group is directed to participate in national railway projects and enhance its brand prestige to access large-scale capital, attract strategic partners, and recruit high-quality human resources.

Notably, the new model expands the enterprise's authority in managing and exploiting national railway infrastructure. According to the draft Charter for the organization and operation of Vietnam National Railway Group – One Member Limited Liability Company, the Group is authorized to directly exploit national railway infrastructure assets. It also has the power to develop schemes for the fixed-term lease or transfer of asset exploitation rights for submission to competent authorities for approval.

Additionally, the Group may be designated as the primary investor for new construction, renovation, and upgrade projects of the national railway system using state budget funds.

Earlier, on August 6, 2026, the Prime Minister issued Decision No. 1504/QD-TTg, assigning tasks and key targets for the development strategy of the railway sector for the 2026–2030 period.

Following this orientation, the VNR is being developed as a multi-sector economic group, with railway transport, construction, maintenance, industry, and services serving as its core business pillars.

By 2030, the group aims to fully implement OECD corporate governance principles on a digital platform, while accelerating the application of science, technology, innovation, and digital transformation in management and operations.

By 2035, the vision is for VNR to become a major domestic economic group with the capacity to operate and maintain new, modern national railway networks. It aims to hold a central position in the multimodal logistics chain and international rail transport.

VnEconomy-

National Committee on Aviation Security and Facilitation established

Tue, 11 Aug 2026 23:00:00 GMT

The committee is tasked with studying and proposing policies, mechanisms and solutions to improve aviation security and facilitation, while monitoring the implementation of international civil aviation treaties to which Vietnam is a party.

Prime Minister Le Minh Hung has signed a decision establishing the National Committee on Aviation Security and Facilitation.

The inter-agency body will assist the Prime Minister in directing, coordinating and addressing important cross-sectoral issues related to aviation security and facilitation.

The committee is tasked with studying and proposing policies, mechanisms and solutions to improve aviation security and facilitation, while monitoring the implementation of international civil aviation treaties to which Vietnam is a party, as well as standards and recommended practices of the International Civil Aviation Organization (ICAO).

It will also direct and coordinate the implementation of the National Program on Air Transport Facilitation, promote administrative reform and digital transformation, and facilitate data connectivity and sharing to improve the efficiency of aviation procedures.

In terms of security, the committee will coordinate measures to protect civil aviation, prevent, detect and stop acts of unlawful interference with civil aviation activities, and perform the functions of the national-level emergency aviation security command body in accordance with regulations.

The committee will also monitor and evaluate aviation security and facilitation measures, address difficulties and policy shortcomings, and coordinate international cooperation in the field.

-Đan Tiên

Vietnamese, Australian leaders witness exchange of cooperation documents

Tue, 11 Aug 2026 09:10:00 GMT

The joint statements comprise one on deepening the Vietnam-Australia comprehensive strategic partnership, one on economic resilience cooperation, and another on the enhancement of science, technology and innovation connectivity.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and Australian Prime Minister Anthony Albanese exchanged three joint statements and witnessed the signing of seven cooperation documents between the two countries in Canberra on August 11, according to a report by the Vietnam News Agency.

The joint statements comprise one on deepening the Vietnam-Australia comprehensive strategic partnership, one on economic resilience cooperation, and another on the enhancement of science, technology and innovation connectivity.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam (left) and Australian Prime Minister Anthony Albanese exchange a joint statement (Photo: VNA)

The cooperation documents include memorandums of understanding between Vietnam’s Ministry of Agriculture and Environment and Australia’s Department of Agriculture, Fisheries and Forestry on agriculture and sustainable rural development; between the Vietnam Coast Guard and Australian Border Force on maritime law enforcement; between the Border Guard High Command under the Vietnamese Ministry of National Defence and Australian Border Force on border protection cooperation and mutual support; between Vietnam’s Ministry of Education and Training and Australia’s Department of Employment and Workplace Relations on vocational education; between the two governments of on digital economy cooperation; and between Vietnam’s Ministry of Health and Australia’s Department of Health, Disability and Ageing on health cooperation.

The two sides also signed the Protocol to Amend and Supplement the Air Services Agreement.

The Vietnamese leader’s state visit to Australia from August 9-12 is aimed at further strengthening and elevating high-level political trust, providing fresh momentum for the effective implementation of the Comprehensive Strategic Partnership and setting cooperation priorities for the coming period. It also offers an opportunity for the two countries’ leaders to hold in-depth discussions on regional and international issues of common interest, enhance coordination through multilateral mechanisms, and reaffirm their shared commitment to peace, stability, cooperation and sustainable development in the region and beyond.

Top Vietnamese leader holds talks with Australian PM

Tue, 11 Aug 2026 09:00:00 GMT

At their talks in Canberra on August 11, the two leaders set a target of $20 billion in two-way trade and called for stronger supply chain links, quality investment, and closer cooperation in the green and digital economies, new energy, and future industries.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President To Lam held talks with Australian Prime Minister Anthony Albanese in Canberra on August 11 morning (local time), affirming that Vietnam always attaches importance to Australia’s role and position, and the close and trusted Comprehensive Strategic Partnership between the two countries as well, the Vietnam News Agency reported.

PM Albanese welcomed General Secretary and President Lam and the high-ranking Vietnamese delegation on their state visit to Australia, stressing its significance amid the rapidly growing ties, particularly since the two countries elevated their ties to a Comprehensive Strategic Partnership in March 2024.

In a world growing more uncertain, it is vitally important that the two countries cooperate closely across all fields, he said.

On the occasion, he voiced admiration for Vietnam and its people, praising the country’s striking gains, particularly in socio-economic progress. He also lauded the keynote speech by General Secretary and President Lam at the 23rd Shangri-La Dialogue in Singapore in May, saying that it reflects Vietnam’s regional vision and makes clear that peace and stability are shared values for nations, including Australia and Vietnam.

The Vietnamese Party and State leader, for his part, conveyed PM Le Minh Hung’s greetings to PM Albanese and lauded Australia as a friend and trusted partner of Vietnam. He also expressed wish to keep lifting bilateral relations to a new level.

Both leaders said they are pleased with the vigorous momentum of Vietnam-Australia ties after more than half a century, defined by solid political trust and ever-deepening mutual understanding and sharing. They welcomed the swift, effective rollout of the 2024–2027 Action Plan that puts the Comprehensive Strategic Partnership into practice, with breakthroughs registered across all six pillars. Defence-security ties have expanded, and two-way trade has doubled over the past five years, surpassing $14 billion in 2025. Joint efforts in education - training, development assistance, science, technology, innovation, and people-to-people exchanges have continued to grow.

At the talks between General Secretary of the CPV Central Committee and President To Lam and Australian Prime Minister Anthony Albanese (Photo: VNA)

They reached broad consensus on major directions to widen Vietnam-Australia ties in the coming time, aiming to meet each country’s development needs while adapting to global and regional changes. The two sides agreed to reinforce the political foundation of the relationship by facilitating all-level exchanges, and further deepen defence-security ties, including in cybersecurity, combating transnational crime, and responding to non-traditional security challenges.

On economic, trade, and investment fronts, they stressed the need to harness the two economies’ complementary strengths, make full use of the free trade agreements both countries are part of, clear barriers, and smooth the way for trade. They set a target of $20 billion in two-way trade and called for stronger supply chain links, quality investment, and closer cooperation in the green and digital economies, new energy, and future industries.

General Secretary and President Lam and PM Albanese agreed to make science and technology, innovation and digital transformation a new driver of bilateral relations; expand cooperation in strategic areas such as artificial intelligence (AI), semiconductors, quantum technology, biotechnology, biomedicine, marine research, critical minerals and green hydrogen; and promote joint research projects and links between universities, research institutes and businesses, with a view to establishing a Vietnam-Australia technology connectivity ecosystem and developing a highly skilled workforce.

The two leaders also consented to promote green and sustainable transition and climate change adaptation, working towards the goal of achieving net-zero emissions.

They spoke highly of the solid results achieved in education, training and human resource development cooperation, and agreed to continue promoting links between universities, research institutes, educational establishments and vocational training institutions, with a view to developing programmes for knowledge and experience sharing and joint training of high-quality human resources between the two countries.

The top leader of Vietnam welcomed the effective operation of the Vietnam Australia Centre at the Ho Chi Minh National Academy of Politics and its contributions to the training of Vietnam’s mid- and senior-level officials.

PM Albanese expressed his sincere thanks to the Vietnamese Government for creating favourable conditions for Australian universities, including RMIT University, to operate sustainably and smoothly in the country.

The leaders also welcomed projects and programmes promoting people-to-people links and broad knowledge sharing between the two countries, including the Australia Vietnam Policy Institute (AVPI), the Hub for Vietnam Policy Studies at the Australian National University, and the Australia-Vietnam Strategic Technology Centre (AVSTC), among others.

They encouraged stronger cooperation and exchanges in culture, tourism and people-to-people relations. General Secretary and President Lam suggested that Australia continue to facilitate Vietnamese students’ study, work and acquisition of experience in Australia, and encourage the Vietnamese community in Australia to grow in strength and unity, promote the positive cultural values of both countries, and serve as an effective bridge of friendship between the two nations.

On regional and international issues, the two leaders agreed to strengthen coordination at multilateral forums, particularly the United Nations (UN), the Association of Southeast Asian Nations (ASEAN) and ASEAN-led mechanisms.

They called for promoting dialogue and trust-building, respecting international law and the UN Charter, ensuring maritime and aviation security, safety and freedom of navigation and overflight, and settling disputes by peaceful means on the basis of international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS).

Vietnam affirmed its readiness to work with Australia to strengthen connectivity with Southeast Asia, uphold ASEAN centrality and contribute to a region of peace, stability, and sustainable and inclusive development.

Following their talks, the two leaders witnessed the signing and exchange of a number of cooperation documents in science and technology, innovation, the digital economy, education and training, and other fields. The two sides instructed ministries and sectors to urgently put the agreements into effect, translating high-level directions into concrete programmes, projects and results.

They also expressed their confidence that a foundation of political trust, increasingly aligned interests and new drivers of cooperation would usher Vietnam-Australia relations into a deeper phase of development, bringing practical benefits to the people and businesses of both countries, while making a positive contribution to peace, stability, cooperation and development in the Indo-Pacific and around the world.

Vietnam, Australia target $20 bln in two-way trade turnover

Tue, 11 Aug 2026 09:00:00 GMT

During his meeting with Governor-General of Australia Sam Mostyn in Canberra on August 11, General Secretary of the Communist Party of Vietnam and State President To Lam set a target to reach a bilateral trade turnover of $20 billion and to significantly increase two-way investment.

General Secretary of the Communist Party of Vietnam and State President To Lam met with Governor-General of Australia Sam Mostyn in Canberra on August 11 morning (local time), following a formal state welcome ceremony.

Governor-General Sam Mostyn affirmed that bilateral relations are flourishing on a solid foundation of political trust. She expressed confidence that this visit will generate new momentum to deepen the Vietnam-Australia Comprehensive Strategic Partnership.

General Secretary and State President To Lam affirmed that Australia is a trusted friend and partner with many convergent strategic interests with Vietnam. He expressed his desire to make bilateral relations increasingly profound, substantive, and effective.

Sharing the achievements after more than 40 years of Doi Moi (Renewal), the Vietnamese top leader stated that Vietnam is establishing a new development model based on productivity, knowledge, science and technology, innovation, digital transformation, high-quality human resources, and modern governance. This model is coupled with green growth, sustainable development, and deep international integration, aiming for the goal of becoming a developed, high-income country by 2045.

In the context of profound global changes, he said, both countries need to further strengthen cooperation and better leverage their complementary strengths.

The Australian Governor-General expressed her deep impression of Vietnam’s development achievements, particularly in economic transformation, science and technology, and international integration. She noted that both countries share many similarities in their development visions, both identifying science-technology, innovation, education, and high-quality human resources as key drivers for growth. She affirmed that Australia wishes to remain a trusted partner, accompanying Vietnam in achieving its development goals.

Regarding the direction of future cooperation, the Vietnamese leader proposed that both sides continue to consolidate political trust, expand defense and security cooperation, and promote trade and investment. He set a target to reach a bilateral trade turnover of $20 billion and to significantly increase two-way investment.

Vietnam aims to attract more high-quality capital flows from Australian enterprises and investment funds through Australia’s Southeast Asia Economic Strategy to 2040. Simultaneously, the Vietnamese leader requested that Australia create favorable conditions for Vietnamese businesses to expand their operations in the Australian market.

In terms of development cooperation, education, and knowledge sharing, the Vietnamese leader suggested that Australia support Vietnam in enhancing public governance capacity, administrative reform, and public sector digital transformation. He also called for the expansion of scholarships, university and research institute partnerships, and vocational training cooperation for emerging industries.

Ms. Mostyn highly valued the contributions of the Vietnamese community in Australia, as well as the roles of Vietnamese students, intellectuals, experts, and entrepreneurs in fostering bilateral connections. She affirmed that Australia wishes to continue creating a favorable environment for the Vietnamese community to leverage their strengths and preserve their cultural identity.

Regarding regional and international issues of mutual concern, the two leaders emphasized the importance of dialogue, cooperation, and respect for international law, aiming together toward a peaceful, stable, inclusive, and sustainable Indo-Pacific region.

VnEconomy-Hà Lê

Vietnam, Australia boost investment in high-tech and high-value sectors

Mon, 10 Aug 2026 23:00:00 GMT

Vietnam's General Secretary and President To Lam proposed that bilateral cooperation shift toward long-term programs in innovation, science and technology, human resource development, green finance, high-quality infrastructure, strategic supply chains, education, and research.

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam received Australia’s Special Envoy for Southeast Asia, Mr. Nicholas Moore, in Sydney on August 10, as part of his ongoing state visit to Australia..

During the meeting, Mr. Moore discussed opportunities to enhance cooperation with Vietnam in implementing Australia’s Southeast Asia Economic Strategy to 2040. This includes expanding two-way trade and investment, as well as strengthening connections between businesses and investors in Vietnam’s priority sectors.

Highlighting the positive results of bilateral trade, Mr. Moore emphasized the need to aim for even greater scale and trade value. He noted that recently signed cooperation agreements in aviation and other sectors will enhance connectivity and provide further momentum for trade and investment.

According to the Special Envoy, many investors are drawn to Vietnam by its dynamic market, clear development goals, and strong aspirations for growth. Furthermore, the Vietnamese community and student population in Australia serve as a vital resource for promoting innovation and startups.

General Secretary and President To Lam expressed his desire for Vietnam to remain a central partner for Australia in the implementation of the Southeast Asia Economic Strategy to 2040.

Affirming that Vietnam considers Australia one of its top priority partners in the Indo-Pacific region, the Vietnamese leader stated that bilateral relations are entering a period of new opportunities. He emphasized that the Comprehensive Strategic Partnership must be advanced substantively and effectively, with a focus not only on expanding trade and investment but also on co-creating new growth drivers.

He noted that Vietnam aims to become a high-income nation by 2045, with development driven by science and technology, innovation, digital transformation, green transition, and private sector growth.

With a stable investment environment, a young workforce, a strategic position in global supply chains, and a growing market, Vietnam is well-positioned to be a priority destination for Australian firms. The country prioritizes projects featuring advanced technology, modern management, and high value-added, which facilitate technology transfer, human resource training, and stronger integration with domestic enterprises.

He proposed that bilateral cooperation shift toward long-term programs in innovation, science and technology, human resource development, green finance, high-quality infrastructure, strategic supply chains, education, and research.

VnEconomy-Hà Lê

Top Leader: science, technology to become new pillar of Vietnam-Australia relations

Mon, 10 Aug 2026 08:00:00 GMT

General Secretary of the Communist Party of Vietnam and State President To Lam urged the two countries to transition from cooperation to co-creation, from technology transfer to joint research and development, and from connecting individual organizations to linking their two entire innovation ecosystems.

As part of his state visit to Australia, General Secretary of the Communist Party of Vietnam and State President To Lam on August 10 attended and addressed the Vietnam–Australia Techconnect Forum.

In his remarks, Vietnam’s top leader stressed that the forum holds special significance as the Vietnam-Australia Comprehensive Strategic Partnership continues to flourish—becoming deeper, more substantive, and more effective. This is particularly true in sectors that will determine the competitiveness and prosperity of both nations in the decades to come.

From cooperation to co-creation

Developing science, technology, innovation, and high-quality human resources is not merely a choice but has become an essential requirement for Vietnam to realize its aspiration of becoming a high-income developed nation by 2045, he said.

The Party and State of Vietnam have established a new development model in which knowledge, science, technology, innovation, digital transformation, and international integration serve as the primary drivers of growth. Concurrently, Vietnam continues to refine its institutions, empower the private sector, and effectively attract international resources.

The General Secretary and President stated that Vietnam is shifting strongly from the goal of attracting investment to "cooperation for mutual development"; from receiving technology to "co-creating technology"; and from participating in value chains to gradually securing positions with higher added value within global value chains.

Stressing that Australia is a partner with numerous strengths that Vietnam highly values and wishes to walk alongside, he shared a vision for a new type of partnership—stronger, deeper, and more strategic—in the fields of science, technology, innovation, and human resource development.

He urged the two countries to transition from cooperation to co-creation, from technology transfer to joint research and development, and from connecting individual organizations to linking their two entire innovation ecosystems. The goal is to build a regional innovation ecosystem where businesses, universities, research institutes, and investment funds can connect, innovate, and grow together.

The leader proposed that the two countries develop and implement a connectivity strategy for science, technology, and innovation with a long-term vision, establishing this as a new pillar of the Comprehensive Strategic Partnership.

Party General Secretary and State President To Lam (front row, first right) and delegates visit an exhibition showcasing achievements in cooperation between Vietnam and Australia across the fields of science and technology, innovation, investment, and education. - (Photo: VNA)

He emphasized that both sides need to expand joint research programs; strengthen connections between research centers, universities, businesses, and innovation investment funds; and form cooperation networks in priority fields such as artificial intelligence (AI), semiconductors, digital technology, biotechnology, quantum technology, clean energy, strategic minerals, and the maritime economy.

Furthermore, the two nations should promote two-way investment in high-tech industries; establish research and development (RD) centers, joint laboratories, business incubation programs, and innovation projects with commercial potential; and build financial support mechanisms for joint research and risk-sharing, aiming toward co-development and co-investment.

Linking training and research with business needs

Vietnam encourages high-quality investment from Australia in the development of green financial products, digital infrastructure, data centers, and innovation hubs. Simultaneously, Vietnam seeks increased technical support and experience sharing regarding the development of the International Financial Center in the country.

The General Secretary and President proposed expanding cooperation in training high-quality human resources, particularly engineers, scientists, technology experts, and innovation managers, while encouraging the exchange of students, postgraduates, and experts between the two nations.

He noted that both sides need to closely align training and research with the actual needs of businesses. This includes promoting bilateral mechanisms and annual forums for policy dialogue, experience sharing, and fostering the "Triple Helix" model of collaboration between the State, academia, and industry.

The top leader of Vietnam expressed his confidence that with the determination of both governments and the support of the business community, universities, research institutes, and scientists, both sides will achieve new breakthroughs. This will help make the Vietnam–Australia relationship a model for cooperation in science, technology, innovation, and human resource development within the region and globally.

Speaking at the forum, Vietnamese Minister of Science and Technology Vu Hai Quan proposed that both sides concentrate resources on strategic sectors such as AI, semiconductors, cybersecurity, quantum technology, biology, clean energy, and maritime technology. He also suggested building a cooperation chain spanning from research and testing to commercialization, while connecting capital sources for innovation.

Addressing the event, Australian Assistant Minister for Foreign Affairs and Trade and Assistant Minister for Immigration Matt Thistlethwaite emphasized that science and technology lie at the heart of human progress, economic growth, and the improvement of quality of life. He also spoke highly of Vietnam’s Politburo Resolution No. 57-NQ/TW. Within the framework of the Comprehensive Strategic Partnership, both sides are seeking further ways to cooperate and invest in science, research, and innovation.

At the forum, businesses from both countries exchanged cooperation documents and announced new initiatives. On this occasion, Vietjet Aviation Joint Stock Company signed a cooperation agreement with Western Sydney International Airport, announcing the opening of a direct flight route from Ho Chi Minh City to Western Sydney International Airport starting in January 2027. This move is expected to boost the economy, investment, trade, tourism, and people-to-people exchanges between the two countries.

VnEconomy-Hà Lê

Vietnam’s pharmaceutical market hits $7 bln mark

Sun, 09 Aug 2026 01:10:00 GMT

By 2025, 67 pharmaceutical companies exported drugs and raw materials totaling approximately $312 million, placing Vietnam fourth in Southeast Asia for pharmaceutical exports

Vietnam’s pharmaceutical market has reached a scale of approximately $7 billion, with average drug consumption hitting $70 per capita—a several-fold increase compared to previous years, according to Mr. Vu Tuan Cuong, Director General of the Drug Administration of Vietnam.

Alongside this growth in scale, the country’s drug production, business, and supply systems have expanded significantly. Good Practice (GXP) standards in manufacturing, testing, storage, and distribution are being implemented with increasing depth and rigor.

Many enterprises have proactively invested in technological innovation and production capacity, gradually adopting advanced international standards and mastering various complex dosage forms.

Notably, domestically produced medicines now account for about 60% of the total volume and 46% of the total value of drugs used in the country. This reflects the domestic pharmaceutical industry’s growing capability to meet the nation’s healthcare needs.

Manufacturing capacity has also seen a clear transformation. The country currently has 245 pharmaceutical manufacturing facilities, 26 of which meet EU-GMP or equivalent standards. Several companies have successfully mastered the production of specialized and high-tech medicines, enabling their products to enter markets with strict regulatory requirements.

By 2025, 67 pharmaceutical companies exported drugs and raw materials totaling approximately $312 million, placing Vietnam fourth in Southeast Asia for pharmaceutical exports. Additionally, the technology for producing 22 brand-name (innovator) drugs has been, or is currently being, transferred from multinational pharmaceutical corporations to local manufacturers.

Vietnam currently maintains cooperation in the pharmaceutical field with 64 countries and has signed numerous Memoranda of Understanding (MoUs) at the ministerial level with nations including Russia, Belarus, Uzbekistan, South Korea, China, and North Korea. The country also maintains regular policy dialogue mechanisms with international business associations such as the US-ASEAN Business Council, AmCham, EuroCham, and InCham.

Speaking at a ceremony held recently to celebrate the 30th anniversary of the pharmaceutical sector’s establishment (August 13, 1996 – August 13, 2026), Minister of Health Dao Hong Lan emphasized that the industry is entering a new stage of development.

The National Strategy for the Development of Vietnam's Pharmaceutical Industry to 2030, with a vision to 2045, aims to elevate the sector to the level of advanced countries in the region. The strategy focuses on ensuring public access to medicine at reasonable costs while enhancing research, production, and technology transfer capabilities within the industry.

VnEconomy-Nhat Duong

Around $11 bln proposed for capital region’s projected Ring Road 5

Sat, 08 Aug 2026 09:00:00 GMT

The proposed Ring Road 5 will span approximately 349 km, passing through seven provinces and cities.

At the first extraordinary session of the 16th National Assembly on August 6, Minister of Construction Tran Hong Minh, authorized by the Prime Minister, presented a proposal from the Government for an investment policy for a project to construct the Hanoi Capital Region’s Ring Road 5.

The minister emphasized that timely investment in the project is essential to complete the regional transport network and lower logistics costs.

The proposed Ring Road 5 will span approximately 349 km, passing through seven provinces and cities. The main route is designed to expressway standards with six lanes and a design speed of 100–120 km/h, while parallel roads will have a minimum of two lanes and a design speed of 60–80 km/h. Minister Minh noted that the proposed route has already received written consensus from all seven localities involved.

According to preliminary plans, the project requires the reclamation of approximately 4,011 ha of land, with compensation, support, and resettlement costs estimated at VND78.143 trillion (nearly $3 billion).

The total preliminary investment for the project is roughly VND288.27 trillion ($11 billion). Of this, the central budget will contribute over VND215.19 trillion (nearly $8.2 billion) for the main expressway, while VND73.076 trillion ($2.78 billion) for the parallel roads will be financed by local provincial budgets.

The investment strategy involves preparing the entire route in the initial stage to facilitate capital mobilization. In the immediate future, the project will focus on constructing 116 km of the eastern section, stretching from Thai Ha Bridge to the Bac Giang – Lang Son Expressway. This segment is identified as having high transport demand and significant potential for urban, industrial, and logistics development. Resources will continue to be mobilized for the remaining sections, with a goal of completing the entire 349-km ring road before 2035.

Reviewing the proposal, Mr. Phan Van Mai, Chairman of the National Assembly Economics and Finance Committee, requested that the Government further review and harmonize data across project documents. Specifically, the Government was urged to clarify the scope of land reclamation, the number of affected households, resettlement needs, and impacts on vulnerable groups to ensure a comprehensive dossier.

Regarding funding, the committee called on the Government to clarify the capital structure and disbursement schedules for both central and local budgets, particularly for localities expected to provide substantial funding such as Hanoi and Hai Phong. Additionally, the committee requested formal commitments from all seven localities regarding their capacity to fund parallel roads and manage compensation and resettlement tasks.

VnEconomy-Minh Kiet

Major contents of the Party Central Committee's Resolution on innovation of development model

Sat, 08 Aug 2026 08:00:00 GMT

The resolution was approved by the 3rd plenum of the 14th Party Central Committee, which took place between July 20-24.

Resolution No. 19-NQ/TW on innovation of Vietnam's development model was adopted by the 3^rd plenum of the 14^th Party Central Committee, which took place between July 20-24.

Below are the major tasks and solutions to innovate Vietnam's development model, as cited by the Government News:

1. On institutions, national governance, and improvement of the political system

- Enhance the leadership capacity, governing capability, and fighting strength of the Party, focusing on leadership capacity in strategic planning, institutional building, implementation, self-rectification, and self-renewal.

Party building and rectification, along with organizational and personnel work constitute the core elements of national governance.

Comprehensively innovate personnel work, taking cadre evaluation as a breakthrough step with work efficiency as the primary measure; encourage and protect dynamic, creative cadres who dare to think, dare to act, and dare to take responsibility for the common good; establish an inter-linked mechanism in recruitment, attraction, and utilization of high-quality experts and human resources between the public and private sectors.

- Fundamentally innovate the drafting and implementation of Party resolutions and conclusions, ensuring consistence from policy to action and from objectives to results. Clearly define tasks, roadmaps, resources, deliverables, and responsibilities.

Innovate governance mechanisms based on objectives, outputs, and development impacts; uphold the primary responsibility of heads of agencies and organizations; strengthen inspection, supervision, and control of power; resolutely prevent and combat corruption, wastefulness, negative phenomena, bureaucracy, inertia, and evasion of responsibility.

- Perfect the socialist law-governed State of the people, by the people, and for the people, led by the Communist Party of Vietnam; shift from sector- and field-based administrative management to harmonious and effective integration with ecosystem-based development governance; from control to enabling development.

Transform the relationship among the State, the market, and society toward a model where the State regulates, guides, directs, creates new markets and sectors, and builds national strategic capabilities in science, technology, innovation, data, new energy, and strategic competitive fields.

The market plays a decisive role in mobilizing, allocating, and efficiently utilizing resources; the society participates, supervises, provides feedback, builds consensus, and exercises the people's right to mastery. The State focuses on formulating and perfecting institutions, planning, standards, technical regulations, and managing outputs; lawmaking must closely mirror practical realities, "standing firmly on the practical soil of Vietnam," selectively absorbing the refined values of humanity, ensuring systematic coherence, seizing every opportunity, clearing the path, and unlocking all resources to turn institutions and laws into a competitive advantage, a solid foundation, and a powerful driving force for development, creating room to promote double-digit economic growth.

- Formulate laws that are clear, feasible, transparent, synchronous, unified, stable, easy to implement, flexible, and rapidly adaptable to new development demands, approaching advanced international standards and practices while conforming to national realities.

End the mindset of "banning what cannot be managed"; shift decisively from "pre-inspection" to "smart post-inspection" and management based on results and output efficiency.

Effectively guarantee and protect property rights, assets, and freedom of business. Improve the business investment environment, striving to join the leading group in ASEAN and approaching the standards of developed economies regarding business investment environment and innovation.

- Complete the normative legal document framework on controlled testing mechanisms (sandboxes) across various sectors; encourage ministries, sectors, and localities to issue appropriate sandbox mechanisms; ensure consistency in awareness and implementation of risk-tolerance mechanisms in scientific research, technology, and innovation.

Promote rational decentralization and delegation of power to qualified localities; permit controlled pilot testing of new business models, new governance mechanisms, and special, superior policies.

Complete the legal framework on artificial intelligence and digital technology; protect personal data and human rights in the digital environment.

- Develop digital government, shared data, and digital platforms to monitor the implementation of resolutions, strategies, planning, public investment, and development targets; focus on inspecting results, impacts, and heads' responsibilities; ensure every task has a clear assignee, clear workload, clear authority, clear resources, clear timeline, and clear deliverables.

Build a national governance indicator framework according to international practices.

- Organize a streamlined, efficient, effective, and operational political system apparatus on the principle that each task is assigned to a single focal agency; complete and operate effectively the two-tier local government model; accelerate decentralization and delegation of power; build grassroots-level administrative units with sufficient capacity, authority, and resources; leverage the role of the Vietnam Fatherland Front and socio-political organizations in gathering, mobilizing, supervising, and providing social feedback; promote democracy and the people's right to mastery. Pilot, review, and replicate the socialist commune and ward model in certain localities.

2. On the economy

- Establish a new growth model driven by productivity, science, technology, innovation, digital transformation, green transition, and high-quality human resources; modernize traditional growth drivers; strongly foster new growth drivers from high-tech industries, high-value services, smart agriculture, digital economy, data economy, green economy, new economic models, and high value-added sectors.

- Reorganize the national development space toward a multi-layered, multi-polar structure, synchronously linking land - sea - maritime domains - underground space - digital space, and new development spaces; shift from administrative-boundary-based development to functional development based on potentials, advantages, resource-environmental conditions, regional linkages, and sectoral linkages; align with ensuring national strategic autonomy and enhancing the resilience of regions, growth poles, economic centers, and key supply chains.

- Develop Vietnam into a nation strong in and enriched by the sea, boasting top regional competitiveness in marine industries. Transform maritime space into a strategic development area and a long-term growth driver; formulate and execute strategies utilizing marine space, coast-bound economic corridors, and oceans as primary development axes, radiating into midland, mountainous, and border regions. Develop a modern, green, digital, autonomous, and dual-use maritime industry.

- Develop the low-altitude economy into an important, highly competitive techno-economic sector. Efficiently exploit and utilize outer space; establish a space economy ecosystem; master core technical infrastructure, satellite technology, and spatial data. Strongly develop underground space in major urban centers, growth poles, financial, commercial, and logistics centers, and public transportation hubs.

- Develop production factor markets—especially capital, land, science, technology, data, and high-quality labor—in a synchronous, modern, transparent, and interconnected direction.

Fully establish property rights over research outcomes, promoting the circulation, transaction, and commercialization of technology, knowledge, and intellectual property assets; establish and develop derivative commodity trading markets.

Deeply reform the financial system; raise national credit ratings and upgrade the stock market status; expand and diversify long-term capital channels for infrastructure, key projects, innovation, green transition, social housing, and tech enterprises; develop green finance, climate finance, and agricultural insurance; establish an international financial center with special, superior mechanisms to serve as a hub for mobilizing, allocating, and leading resources, piloting institutional mechanisms, fostering innovation, and connecting global finance.

- Fundamentally innovate the mechanisms for mobilizing, allocating, and utilizing national resources; shift from an allocation mindset to an enabling mindset that maximizes resource efficiency; take development efficiency and impact as measures; ensure the principle of comprehensive economic accounting in the allocation, management, and use of all social resources; implement allocation according to strategic priorities and high-productivity, high-value-added, high-spillover sectors; utilize public investment to lead and activate private investment; unblock and transform stagnant resources into development drivers. Innovate distribution relations toward efficiency, fairness, and inclusiveness.

- Rapidly develop new and modern production forces; turn science, technology, and innovation into direct productive forces and primary growth drivers.

Treat data as a new production mean and strategic resource; ensure transparency and controlled management of public sector data; establish mechanisms allowing intellectual property rights to serve as capital contribution, credit guarantee, and commercial exploitation assets.

Develop artificial intelligence into an intelligence infrastructure and a high-quality productive force; synchronously and effectively implement the National AI Transformation Strategy; prioritize national computing infrastructure, Vietnamese Large Language Models (LLMs), shared platforms, and digital citizen platforms.

- Formulate and execute a new-generation industrialization and modernization strategy; place emphasis on tech capability building; prioritize key sectors like semiconductors, AI, advanced materials, quantum, biotechnology, advanced processing- manufacturing, green industries, and energy industries; develop materials industry into a core, foundational sector; prioritize supporting industries linked with higher localization rates.

Develop ecological, smart, high-tech, circular, high-value-added, and low-emission agriculture along value chains, tied to building civilized rural areas and professional farmers.

Develop a modern, high-quality services sector, prioritizing high-value-added services linked to upgrading industry, agriculture, and urban center.

Invest in and develop tourism into a spearhead economic sector; establish regionally and internationally competitive service hubs; develop the healthcare economy into an important, high-value-added sector.

- Develop an enterprise ecosystem structured in multi-tiered, mutually supportive links with tailored, targeted, and objective-driven support policies.

Focus on developing leading enterprises, supply chain heads, and highly competitive industrial ecosystems coupled with enhancing the capacity, quality, and performance of Vietnamese enterprises; strengthen state ordering and task-assignment mechanisms; establish breakthrough mechanisms to promote linkages among large enterprises, small and medium-sized enterprises (SMEs), innovative startups, cooperatives, research institutes, universities, and innovation centers.

Develop state-owned enterprises to truly play a leading role in ensuring macroeconomic stability, major balances, strategic direction, and leading the economy.

Develop the private sector into one of the most important growth drivers; consolidate and develop the collective and cooperative economy; transform household businesses into dynamic and sustainable production and business units; selectively attract foreign direct investment (FDI) tied to technology transfer, production capacity enhancement, and integration/spillover effects with the domestic economic sector.

- Develop synchronous, modern, smart, green strategic infrastructure with multi-layered, multi-modal connectivity; prioritize high-speed transport infrastructure, seaports, airports, energy, smart cities, underground space, marine space, climate change adaptation infrastructure, and infrastructure for mountainous and extremely disadvantaged areas.

Integrate physical infrastructure with digital infrastructure in transport, energy, industry, logistics, agriculture, education, healthcare, and public services.

Build digital, data, computing capacity, and AI infrastructure as national strategic infrastructure; leverage the role of the National Data Center; develop large-scale data centers, high-performance computing infrastructure, shared national digital platforms, national open data, and centers of excellence in AI, semiconductors, and quantum computing.

Develop a modern, multi-modal logistics system effectively connecting seaports, border gates, airports, railways, expressways, industrial zones, and economic corridors.

- Restructure the national innovation ecosystem around enterprises, with the State playing an enabling, guiding, and risk-sharing role; nurture national champion enterprises in tech fields, foundational industries, and strategic markets.

Make long-term investments in basic research and key national laboratories; encourage enterprise investment in research and development (RD), intellectual property, and core technology; support technology capacity building for SMEs and startups.

- Strongly innovate the integration of research, application, transfer, and commercialization of research outcomes; grant autonomy to research organizations while safeguarding the legitimate interests of scientists; synchronously develop testing, technology transfer, intellectual property, and financial platforms to rapidly introduce research outcomes into production and business, forming commercial products, enterprises, and new economic sectors. Synchronously institutionalize the State - Enterprise - Research Institute/University linkage mechanism.

- Accelerate urbanization and develop urban areas into major growth drivers; build growth poles, innovation hubs, and green, smart urban centers with international competitiveness; strengthen effective regional and inter-sectoral links; restructure development space alongside the formation of economic corridors, financial centers, and logistics hubs.

3. On social development

Build a disciplined, safe, civilized, harmonious, dynamic, adaptable, and resilient society against fluctuations. Deploy modern, proactive social management methods based on data, science, technology, innovation, and digital transformation.

Establish a proactive, comprehensive, inclusive, modern, and sustainable human security framework; build early detection, warning, and handling systems for risks to social stability and safety; develop conciliation, dialogue, and legal aid institutions at the grassroots level. Formulate and implement comprehensive social assessment criteria, index sets on social happiness, quality of life, social trust, and human security assurance.

- Build a modern, multi-layered, sustainable, inclusive, flexible, and highly adaptable social security system; treat social security investments as investments in development; better protect vulnerable groups; construct risk management systems and a digital map for social security.

Narrow development gaps across regions, urban and rural areas, and lowlands and highlands; pay special attention to deep-lying, remote, mountainous, border, island, ethnic minority areas, and vulnerable groups.

- Shift the healthcare system model from disease treatment to disease prevention and comprehensive healthcare, ensuring all citizens receive managed, cared-for, and improved health services; achieve universal health insurance coverage and progressively waive hospital fees according to a roadmap; ensure self-sufficiency in vaccines, pharmaceutical supplies, and medical equipment for epidemic prevention, control, diagnosis, and treatment.

- Innovate human resource development governance and modernize the labor market. Build a unified national-to-local forecasting, planning, and human resource development governance framework linked with socio-economic, sectoral, regional, and local development strategies.

Modernize the labor market based on digital data and AI; complete national databases on labor, employment, and vocational skills, synchronously connecting databases; comprehensively digitize and develop public employment services into labor market coordination hubs; encourage private employment service development and public-private partnership mechanisms in service delivery; ensure equal access to sustainable employment opportunities, leaving no one behind.

4. On culture and human development

- Build an advanced Vietnamese culture rich in national identity; synchronously deploy the systems of national values, cultural values, family values, as well as human standards, and social standards from central to grassroots levels; link cultural institution building with practicing, spreading, and deeply embedding these value systems in social life; make a culture of respect for the law and social discipline core values.

Harmoniously balance conservation and development; strongly develop cultural industries and the creative economy; establish mechanisms and policies to develop master artisans; boost cultural exports; assetize cultural values and build a cultural intellectual property market; construct digital culture and defend national digital cultural sovereignty.

- Build an open, interconnected, equitable, adaptable, and learner-centered education system. Innovate education and training toward pragmatic learning, career readiness, creative capacity, critical thinking, digital skills, and an entrepreneurial spirit meeting market demands.

Develop higher education into the core of national intellectual capacity; build world-class research universities and centers of excellence in science and technology. Comprehensively innovate vocational education tied to enterprise needs; expand dual training, workplace training, retraining, and upskilling models; promote post-secondary vocational training models; build a vocational skill development ecosystem and a national vocational skills framework.

Establish skill forecasting systems, retraining programs, career transition support, and worker protection frameworks during digital and green transitions. Innovate general education toward developing personal qualities, competencies, scientific thinking, digital skills, self-learning abilities, and adaptability. Build a learning society and lifelong learning mechanisms; accelerate digital literacy and knowledge enrichment for farmers.

- Develop high-quality human resources with an emphasis on digital skills, practical capacity, creative capacity, and lifelong learning capabilities. Formulate and implement a National Strategy on Talent Attraction and Utilization featuring special, superior, and internationally competitive mechanisms and policies, especially in basic sciences, AI, semiconductors, quantum, data science, and strategic/emerging technologies; attract overseas Vietnamese intellectuals, experts, scientists, and international talents.

- Fundamentally shift the mindset from managing population size and structure to developing national demographic capital, treating population as a strategic resource for long-term growth; improve population quality, linking population policy with human resource development, social security, and the labor market. Proactively draft strategies and population policies adaptable to population aging; strongly develop the "silver economy" along with ecosystems, products, and services for the elderly.

5. On eco-environment

Treat natural resource and environmental governance as a pillar of sustainable development linked to ensuring energy security, water security, food security, climate change adaptation, and economic resilience.

Build an ecological culture and promote a green lifestyle in harmony with nature. Complete environmental protection and climate change response institutions toward an enabling framework that leads green transition, developing within ecological boundaries and environmental carrying capacities; effectively utilize economic instruments in environmental management. Achieve the net-zero emissions goal by 2050 following an appropriate roadmap; promote circular economy, low-carbon economy, and green transition across sectors, backed by support mechanisms for production regions.

- Fully develop and operate the carbon credit market; apply carbon credit pricing, Extended Producer Responsibility (EPR) mechanisms, and green public procurement; expand green credit, green bonds, and green capital markets; perfect environmental tax/fee systems and carbon taxes according to international practices; strongly decentralize powers to major urban centers to collect environmental fees, issue green bonds, and establish low-emission zones.

- Build a modern, data-driven natural resource and environmental governance platform linked with inter-sectoral and inter-regional coordination mechanisms; strengthen management, efficient exploitation, and conservation of resources; preserve nature and biodiversity, restoring environments and ecosystems; construct ecological corridors and biodiversity protection networks; progressively integrate natural capital accounting into national statistical systems; expand automated, real-time monitoring; integrate resource-environmental protection and climate adaptation requirements into planning, budget allocation, and investment decisions.

- Proactively prevent and strictly control pollution sources; promptly resolve environmental issues to improve citizens' living environments. Proactively and effectively adapt to climate change and mitigate disaster risks; prioritize investments in climate-resilient infrastructure and urban centers.

Innovate disaster/epidemic prevention and climate adaptation work, shifting from passive response to proactive risk governance, and from handling consequences to early, far-reaching prevention; boost the application of science, technology, innovation, and digital transformation.

- Develop the environmental industry into a strategic economic sector; establish controlled testing mechanisms (sandboxes) for green and climate technologies; encourage eco-industrial parks and traceable recycling systems; proactively handle natural disasters, sea-level rise, land degradation, biodiversity loss, and environmental pollution.

6. On national defense and security

- Synchronously complete national defense and security institutions and legal frameworks matching the requirements of national development model innovation, adapting to new forms of warfare and new strategic spaces. Build a strong, modern all-people national defense and an all-people defense posture linked seamlessly with the people's security posture; connect the digital defense posture and digital security posture with a firm "people's heart" posture.

Build a revolutionary, regular, seasoned, and modern People's Army and People's Public Security; step up investments and prioritize modernizing naval, air, cyber, electronic warfare, unmanned, robotic, and specialized operational forces in security, intelligence, science, technology, and specialized engineering fields.

- Accelerate breakthroughs in developing a proactive, self-reliant, strategically autonomous, dual-use, and modern defense and security industry, with appropriate participation from the domestic private sector. Prioritize AI, semiconductors, advanced materials, satellites, unmanned vehicles, robotics, cybersecurity, quantum technology, and electronic warfare; step by step master the design and manufacture of high-tech weaponry.

Formulate and synchronously develop dual-use defense-economic zones, industrial clusters, national security industrial complexes, and defense/security innovation centers; build a network of defense and security enterprises capable of mastering strategic technologies and leading spearhead sectors; develop dual-use infrastructure integrating defense, security, and civilian needs. Establish mechanisms for ordering, testing, commercializing, and controlled exporting of dual-use products; encourage overseas investment in defense and security industries.

- Ensure strategic autonomy in technology and data; construct defense data infrastructure and interconnected digital command and control systems; establish strategic forecasting mechanisms, inter-agency security coordination, and national security risk mapping.

- Comprehensively develop national security assurance capacities. Formulate and synchronously execute the National Security Strategy; firmly safeguard national security, regime security, human security, economic security, cultural-ideological security, energy security, food security, water security, cybersecurity, tech security, financial security, and security in emerging domains (outer space, low-altitude, underground, sea, and ocean...); prepare proactive scenarios and plans for handling new forms of security violations and crisis situations, as well as framework scenarios for non-traditional security threats.

- Build a synchronous, multi-tiered security posture across domains; proactively detect, effectively respond to, and push back all traditional and non-traditional security challenges. Establish periodic national resilience testing mechanisms; establish security risk assessment mechanisms for major strategies, large projects, major digital platforms, foreign direct investments in sensitive sectors, and high-impact emerging technologies; build tracking and early warning systems for supply chain and tech risks.

Formulate and refine a national strategic framework on human security; enhance citizen protection against non-traditional and cyber threats. Focus on effectively combating crimes, building an orderly, disciplined, safe, civilized, harmonious, and progressive society.

7. On foreign affairs and international integration

- Build a comprehensive, modern, professional diplomatic sector; remain steadfast in pursuing the foreign policy of independence, self-reliance, multilateralization, and diversification; safeguard national interests to the highest degree based on international law; leverage the combined strength of Party diplomacy, State diplomacy, and people-to-people diplomacy; deepen relationships with partners, especially comprehensive strategic partners, strategic partners, and key partners; devise solutions to intertwine strategic interests with major powers; persistently resolve border, territorial, and maritime sovereignty issues through peaceful means on the basis of international law.

- Take economic diplomacy as a central task; synchronously and effectively conduct tech, digital, cultural, environmental, and climate diplomacy; leverage head-of-state diplomacy in building political trust; link high-level diplomatic activities with investment attraction and technology transfer; maximize the role of overseas diplomatic missions in promoting scientific and technological cooperation and attracting talent.

- Elevate multilateral diplomacy; play a core role in regional and global mechanisms; participate in shaping new international standards regarding the digital economy, AI, green finance, cybersecurity, and supply chains; promote defense and security diplomacy to protect the Fatherland early and from afar through peaceful means.

- Enhance foreign affairs and international integration capabilities of local governments and enterprises. Leverage the roles of the Vietnam Fatherland Front, socio-political organizations, and the overseas Vietnamese community in people-to-people diplomacy, knowledge diplomacy, tech, and digital diplomacy.

- Diversify partners, markets, supply chains, and technology ecosystems; proactively manage risks of strategic dependency; apply special mechanisms to attract multinational corporations, research organizations, and international talent to participate in science and technology programs in Vietnam; strongly mobilize the resources and role of the overseas Vietnamese community.

-Van Nguyen

National special program on science, technology and innovation for strategic technologies approved

Sat, 08 Aug 2026 07:00:00 GMT

Vietnam expected to master at least four strategic technologies in the 2026–2030 period.

A national special program on science, technology and innovation for strategic technologies has been approved under Prime Ministerial Decision 1493/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on August 6.

The program aims to develop competitive products and strengthen Vietnam’s technological autonomy.

It also targets mastering, developing, completing and commercialising strategic technology products with strong competitiveness and gradually integrating them into global value chains.

The program will focus on developing strategic technologies, particularly core technologies, while building an ecosystem linking the State, businesses and science and technology organisations.

For 2026–2030, the program aims to master at least four strategic technologies on the list issued by the Prime Minister and develop and commercialise at least 15 strategic technology products. At least five of these products are expected to reach regional or international markets, with a targeted localisation rate of about 40%.

Under the program, at least 20 businesses capable of mastering strategic technologies and products will be developed, including at least five with products participating in global value chains.

For 2031–2035, the targets will rise to six strategic technologies and at least 25 strategic technology products, with at least 15 reaching regional or international markets. At least 30 businesses are expected to master strategic technologies and products, including 10 participating in global value chains.

-Ha Chi

Infrastructure must become a strategic economic sector: top leader

Fri, 07 Aug 2026 09:00:00 GMT

General Secretary and State President To Lam emphasized that infrastructure efficiency must be measured by the tangible benefits provided to citizens, businesses, and the overall economy.

Infrastructure is no longer merely a service for production and daily life; it has evolved into a decisive factor for national competitiveness. Consequently, infrastructure efficiency must be measured by the tangible benefits provided to citizens, businesses, and the overall economy.

Party General Secretary and State President To Lam emphasized this during a working session with the Government’s Party Committee and relevant agencies on the development of synchronous infrastructure on August 6.

He noted that infrastructure planning and investment must ensure synchronicity and connectivity, with service quality and economic efficiency as the primary objectives. Development should harmonize physical, digital, and natural infrastructure.

Furthermore, infrastructure must be transformed into a strategic economic sector, fostering a vast market to enhance domestic production capacity, the leader said, adding that the State should play a guiding and leading role in mobilizing resources, prioritizing public investment in foundational, essential, and inter-regional projects with high spillover effects.

The General Secretary and President called for innovation in planning and infrastructure organization. Planning must align with the national development strategy, economic spatial organization, and the goal of boosting national competitiveness. It must also ensure a long-term vision, inter-sectoral and inter-regional connectivity, and the capacity to adapt to shifts in technology, markets, demographics, and climate change.

Alongside these goals, he stressed the need for synchronicity across economic, social, digital, data, science, technology, and innovation infrastructure. It is essential to enhance integration between various modes of transport, as well as between transportation and energy, logistics, urban areas, and other socio-economic infrastructure sectors.

Infrastructure development must strengthen connections between industries and regions, urban and rural areas, and domestic and international markets. This progress should be closely integrated with national defense, security, environmental protection, and the digital and green transitions.

Regarding inter-regional projects, the leader requested the refinement of regional financial coordination mechanisms. This, according to him, would ensure that localities collectively participate in decision-making, capital contribution, shared responsibility, and the distribution of benefits.

Another core mission is the fundamental reform of investment management and infrastructure asset governance, elevating the accountability of leaders. It is essential to enhance the quality of project preparation, construction, and operation, with a focus on managing the entire project lifecycle.

Investment decisions should only be finalized once all conditions regarding planning, land use, site clearance, capital, materials, technology, human resources, and connecting infrastructure are fully secured. Simultaneously, accountability must be clearly established for projects that fall behind schedule, undergo multiple adjustments, experience cost overruns, or operate inefficiently.

The top leader requested the urgent development of a unified database for planning, projects, and infrastructure assets. He also called for the accelerated application of digital technology and artificial intelligence (AI) in the investment, management, and operation of national infrastructure assets.

Investment efficiency should not be measured solely by the disbursement rate; it must be reflected in the progress, quality, connectivity, and operational effectiveness of key infrastructure works and projects.

Regarding strategic infrastructure systems, the leader urged a concentration of resources to complete transport and logistics corridors. This includes developing national and urban railways and waterway transport, integrated with technology transfer and the growth of domestic industry.

The energy sector must ensure synchronous and rational development across power sources, grids, and storage systems. Concurrently, it is necessary to develop digital infrastructure and national computing capacity, address bottlenecks in urban and social infrastructure, enhance resilience against climate change, and ensure water security and dam safety. These tasks require special attention in industrial hubs, seaports, coastal cities, and the Mekong Delta.

Concerning resource mobilization and allocation, alongside public investment, the leader required the continued refinement of Public-Private Partnership (PPP) mechanisms to attract private capital based on a fair distribution of benefits and risks. He also called for the development of mid-to-long-term capital markets, the utilization of increased land value generated by infrastructure, and the diversification of international funding sources.

In terms of a long-term vision, the General Secretary and President emphasized that the projects decided today will shape the nation for decades to come. Infrastructure must be prepared for the future economy, emerging technologies, and escalating climate risks.

By 2045, Vietnam aims to possess a synchronous, smart, green, safe, and highly resilient infrastructure system. This system must ensure seamless connectivity across the national territory, link the economy with global markets, and provide all citizens with access to essential services.

VnEconomy-Hà Lê

New regulations for streamlining seafood exports to US and accelerating digital fisheries management

Fri, 07 Aug 2026 07:00:00 GMT

The new circular will officially take effect on September 19, 2026.

Vietnam's Ministry of Agriculture and Environment has issued a circular, introducing new regulations aimed at easing administrative procedures for businesses, standardizing certification for seafood exports to the United States, improving traceability of wild-caught seafood, and enhancing the management of fishing port infrastructure.

A key feature of the circular is the establishment of detailed requirements for obtaining Certificates of Admissibility (COA) for seafood exports to the US. Documentation requirements are clearly differentiated according to the source of raw materials, including domestically harvested seafood, imported seafood, and aquaculture products.

The certification process will include strict verification against the list of species prohibited from entering the US market and the list of countries recognized by US authorities as having equivalent fisheries management systems. Exporters are also required to retain supporting documents proving product origin for at least 36 months and maintain traceability systems capable of meeting regulatory inspection requirements.

The circular also places a strong emphasis on digital transformation in fisheries management through the phased introduction of electronic traceability and fishing logbook systems.

Under the implementation roadmap, electronic management of fishing vessels entering and leaving ports, along with the issuance of unloading receipts, have been applied from March 1, 2026; while electronic issuance of raw material certification documents will begin on September 1, 2026, and electronic certificates of origin will be adopted from January 1, 2027.

Electronic fishing logbooks will become mandatory from June 1, 2027 for fishing vessels measuring 15 meters or longer, and from September 1, 2027 for vessels 12 meters or longer.

The Circular will officially take effect on September 19, 2026.

-Chu Khôi

PM orders establishment of National AI Security Framework

Fri, 07 Aug 2026 00:30:00 GMT

The Ministry of Public Security is also tasked with researching and developing a National AI Security Framework and specialized AI security capabilities by 2027, as well as issuing temporary guidelines on the safe use of AI within state agencies by the end of 2026.

Following a ceremony marking Vietnam Cybersecurity Day on August 6, Prime Minister Le Minh Hung, Chairman of the National Cybersecurity Steering Committee, chaired the committee’s second meeting of 2026.

At the meeting, the PM emphasized that cybersecurity capacity has not yet kept pace with the rapid development of emerging technologies, resulting in limited readiness and proactive response capabilities.

He noted that mechanisms for coordination, information sharing, incident response, and public-private partnerships remain unsynchronized, while cybercrime, data trafficking, online fraud, and violations on cross-border platforms continue to evolve in complex ways.

Furthermore, the Government leader pointed out that the recruitment, training, and retention of high-quality cybersecurity personnel have not met requirements, and the development of core technologies and the domestic cybersecurity industry remains slow.

Looking ahead, he assessed that global competition in cyberspace is shifting beyond technology to the control of data, platforms, standards, supply chains, computing power, artificial intelligence, and cryptography. Cyberattacks, espionage, information warfare, cognitive manipulation, and high-tech crimes are expected to intertwine, posing significant challenges to cybersecurity, socio-economic development, and national security.

To address these challenges, the PM requested the Ministry of Public Security (MoPS) to urgently finalize the draft Law on Data Security for National Assembly approval by October 2026.

The ministry is also tasked with researching and developing a National AI Security Framework and specialized AI security capabilities by 2027, as well as issuing temporary guidelines on the safe use of AI within state agencies by the end of 2026.

Additionally, the Ministry of Science and Technology was directed to promptly submit specialized mechanisms and policies to attract and support domestic technology enterprises and cybersecurity startups by the third quarter of 2026.

The PM further instructed the MoPS to finalize and submit a cybersecurity index by the third quarter of 2026 to evaluate the capacity of ministries, agencies, localities, and businesses. This index will also be considered for integration into the annual performance evaluations of government officials in coordination with the Ministry of Home Affairs.

Other key targets include operationalizing the Asia-Pacific Regional Cybercrime Prevention Center in 2027, preparing a "Cybersecurity Economy" initiative for APEC 2027, and completing the expansion of the National Cybersecurity Operations Center by the second quarter of 2028.

Regarding national defense, PM Hung required the Ministry of National Defense to develop a "cyber-battlefront" and warfare capabilities for potential conflict scenarios. The ministry is to collaborate with the MoPS to establish mechanisms for information sharing and the transition from peacetime protection to combat readiness, including organizing at least one national-level inter-agency drill in 2026.

The Ministry of Science and Technology was also tasked with implementing comprehensive solutions to manage mobile subscribers, telecommunications services, and virtual switchboards to ensure that all subscribers can be held accurately and legally accountable.

VnEconomy-Bạch Dương

Top Vietnamese leader to pay state visits to Australia, New Zealand

Thu, 06 Aug 2026 09:30:00 GMT

The visits by General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President of the Socialist Republic of Vietnam To Lam to the two Oceania countries will take place from August 9 – 14.

General Secretary of the Communist Party of Vietnam Central Committee and President of the Socialist Republic of Vietnam To Lam and a high-ranking Vietnamese delegation will pay state visits to Australia and New Zealand from August 9 – 14, the Vietnam News Agency has reported.

The visits will be made at the invitations of Governor-General of Australia Sam Mostyn and Governor-General of New Zealand Cindy Kiro.

-V

Revised master plan approved for Vung Ang EZ to 2050

Thu, 06 Aug 2026 07:10:00 GMT

The adjusted plan focuses on three core pillars: spatial development orientation, land-use planning, and the planning of technical infrastructure systems.

Permanent Deputy Prime Minister Pham Gia Tuc has signed Prime Ministerial Decision No. 1487/QD-TTg, dated August 5, 2026, approving the Adjusted Master Plan for the Vung Ang Economic Zone (EZ) in central Ha Tinh Province until 2050, according to a report by the Government News.

According to the approved adjustment, the planning scope covers the entire area of the Vung Ang EZ as established under Decision No. 1076/QD-TTg (dated August 20, 2007). This encompasses a total area of 22,781 ha, including the entirety of Vung Ang and Hoanh Son wards, as well as portions of Song Tri and Hai Ninh wards.

The adjusted plan focuses on three core pillars: spatial development orientation, land-use planning, and the planning of technical infrastructure systems.

Regarding spatial development, the adjusted plan specifies that Vung Ang will be developed as an integrated, multi-sector, and multi-functional coastal economic zone. Industry, seaports, and logistics services are identified as the primary drivers of growth. It also emphasizes the synchronous development of urban areas, services, social infrastructure, and ecological spaces.

The spatial structure is organized based on the following principles: concentrated development of industrial zones, seaports, and logistics; urban and service development tailored to the needs of the economic zone; preservation of ecological spaces and natural landscapes; and seamless connectivity via a modern technical and transport infrastructure system.

Functional areas will be organized to maximize the advantages of industry and logistics while ensuring efficient land use, environmental protection, and sustainable development.

Key functional zones include industrial and seaport clusters; logistics and port-support service zones; urban areas and service centers; maritime tourism and service zones; ecological spaces, greenery, and water surfaces; and technical infrastructure hubs.

Five priority project groups for 2030

To establish a foundation for the 2050 vision, the Decision outlines five priority investment project groups to be implemented through 2030:

Key strategic projects are designed to fulfill the core development goals of the Vung Ang EZ.

High-impact projects to catalyze further investment and stimulate the development of other functional zones.

Urban renovation projects to refurbish, renovate, and upgrade urban quality and social infrastructure in existing areas.

Framework infrastructure projects to develop a core technical and transport infrastructure to ensure seamless connectivity between functional zones.

Sustainable development projects to focus on environmental protection, social infrastructure, and climate change adaptation.

This Decision took effect on the date of signing, August 5, 2026.

VGP-

Vietnam and Saskatchewan (Canada) Sign MoU on Ethical Labor Migration

Thu, 06 Aug 2026 01:00:00 GMT

Saskatchewan currently has a demand for approximately 30,000 skilled workers in sectors such as construction, mechanics, mining, electronics, hospitality, high-tech agriculture, and several other trades.

The Ministry of Home Affairs of Vietnam and its Canadian counterpart have signed a Memorandum of Understanding (MoU) on ethical labor mobility and protection of Vietnamese migrant workers in the province of Saskatchewan, Canada.

The MoU establishes a worker-centric approach, prioritizing the protection of employees. Under the agreement, Vietnamese workers are guaranteed equal treatment in labor relations, including wages, working conditions, and welfare benefits in accordance with the laws of Saskatchewan and Canada.

A key provision of the agreement stipulates that Vietnamese workers bound for Saskatchewan are not required to pay recruitment costs, administrative fees, service fees to recruitment agencies, or airfare from Vietnam to their workplace. These expenses will be covered by the employers in Saskatchewan. Workers are only responsible for costs related to their personal documentation and visa application fees.

Consequently, the pre-departure costs for Vietnamese laborers are significantly minimized. This serves as a vital foundation for promoting fair, transparent, and ethical recruitment while safeguarding the legal rights and interests of workers.

According to the MoU, Saskatchewan currently has a demand for approximately 30,000 skilled workers in sectors such as construction, mechanics, mining, electronics, hospitality, high-tech agriculture, and several other trades.

The Saskatchewan side also expressed a strong commitment to cooperating in vocational and language training for Vietnamese workers prior to their departure. This training will ensure their skills meet Canadian-recognized standards and the specific requirements of host enterprises.

Deputy Minister of Home Affairs Vu Chien Thang stated that the signing of this MoU establishes a formal cooperation framework between the two parties. He noted that this move helps realize Vietnam's policy of proactive international integration while expanding and diversifying overseas labor markets in a safe, transparent, efficient, and sustainable manner.

On the Canadian side, Ms. Richelle Bourgoin, Deputy Minister of Trade and Export Development for Saskatchewan, highly valued the potential of Vietnamese labor in addressing the local skilled labor shortage.

She emphasized that Saskatchewan maintains some of the strictest foreign worker protection laws in North America. She further committed to providing maximum support regarding skill recognition procedures, training, and resettlement services to ensure Vietnamese workers can settle in and work with peace of mind.

VnEconomy-Phúc Minh

Semiconductor support services officially integrated into public service framework

Wed, 05 Aug 2026 09:00:00 GMT

Deputy Prime Minister Ho Quoc Dung has signed Decision No. 1481/QĐ-TTg, officially issuing the List of public career services utilizing the state budget within the field of science and technology.

Under Prime Ministerial Decision No. 1481/QĐ-TTg, signed by Deputy Prime Minister Ho Quoc Dung on August 4, a list of State-funded public career services in the field of science and technology has been approved.

According to the decision, the new list comprises 22 services categorized into six distinct sectors.

Within the digital transformation group, the list includes evaluation services for digital products and digital technology services that fall under the category of key digital products as prescribed by law. Notably, this group also includes support services for the development, design, trial production, measurement, testing, and evaluation of semiconductor chip products.

The science, technology, and innovation group consists of five services, including support for the activities of science and technology market intermediaries and services to evaluate technological levels and capabilities while supporting the creation of technological innovation roadmaps. Other services in this group involve technology incubation support, the provision of technical infrastructure, laboratories, shared equipment, and co-working spaces for innovation and science-related enterprises, as well as the evaluation of science and technology activities.

For the intellectual property group, there are four services provided, focusing on consulting and support for the registration, management, and exploitation of geographical indications, certification marks, and collective marks.

This group also includes support for assessing the technical status of inventions in the management and implementation of state-funded science and technology tasks, services for searching and providing information for preliminary assessments of industrial property protection, and legal support for organizations and individuals involved in international cooperation to protect intellectual property rights.

In the area of standards, metrology, and quality, the list identifies three services: the development of national standards and technical regulations; guidance on applying national, international, regional, and foreign standards; and the maintenance and use of national measurement standard systems and technical documentation.

Regarding atomic energy, radiation, and nuclear safety, five services are listed, ranging from responding to and handling radiation and nuclear incidents at both provincial and national levels to national environmental radiation monitoring and warning services. This category also includes the maintenance of national standard laboratory systems for radiation measurement and the inspection and calibration of radiation-measuring equipment conducted by public service units.

Finally, the telecommunications and internet group includes three services focused on quality testing of telecom services and products to ensure safety and serve state management, along with data processing for monitoring and regulating the telecommunications market.

The Decision took effect on August 4, replacing Prime Miniterial Decision No. 2099/QD-TTg of December 27, 2017, regarding the list of state-funded public career services under the management of the Ministry of Science and Technology.

VnEconomy-Bạch Dương

Master plan on development of research centers serving strategic technologies approved

Wed, 05 Aug 2026 08:05:00 GMT

Under the plan, at least four national research and testing centers for priority areas of unmanned aerial vehicles (UAVs), biology and biomedicine, advanced materials, high-speed rail and urban rail will be formed.

Under Prime Ministerial Decision No.1483/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on August 4, a master plan on the development of research centers, testing facilities and key laboratories serving strategic technologies has been approved.

Under the plan, by 2030, Vietnam aims to upgrade, establish, and put into operation at least eight national key laboratories in the fields of digital technologies, next-generation mobile networks, robotics and automation, advanced biology and biomedicine, advanced energy and materials, cybersecurity and quantum technologies, marine and ocean sciences and geosciences, and aviation and aerospace, according to the Government News.

At least four national research and testing centers for priority areas of unmanned aerial vehicles (UAVs), biology and biomedicine, advanced materials, high-speed rail and urban rail will be formed.

From now to 2030, Vietnam targets the mastery of at least 10 core technologies that directly support the development of strategic technology products and address major national challenges.

The plan seeks to accelerate the commercialization of research outcomes and intellectual property generated by the research and testing centers and national key laboratories.

It also aims to establish at least 10 innovative startups or science and technology enterprises capable of developing, mastering, and commercializing core technologies, strategic technologies, and strategic technology products.

Each national research and testing center and national key laboratory will be required to establish and maintain close collaboration with at least one innovation ecosystem or cluster comprising research institutes, higher education institutions, enterprises, and state management agencies.

By 2035, Vietnam targets to further upgrade and expand the network of national research and testing centers and key laboratories, integrated with advanced regional and international research infrastructure networks.

Several testing centers and laboratories are expected to achieve regional leadership in strategic technology fields.

-Pham Long

Taiwan (China) opens market to 178 Vietnamese plant products

Wed, 05 Aug 2026 07:10:00 GMT

Despite the vast potential for export expansion, several of Vietnam's key fruit exports—including mangoes, longans, lychees, pomelos, rambutans, and bananas—are not yet permitted for entry.

Some 178 types of Vietnamese plants and plant products are currently authorized for import into Taiwan (China), spanning various categories from fresh produce to breeding materials, the Vietnam Economic and Cultural Office in Taipei reported.

According to the comprehensive list on the quarantine system of the agricultural regulatory agency in Taiwan (China), these permitted items include fresh fruits, seeds, vegetables, seedlings, cut flowers, ornamental plants, and propagation materials.

The growing presence of Vietnamese agricultural products in the Taiwanese market is attributed to several favorable factors. including geographical proximity, short shipping times, and significant similarities in culinary culture.

Furthermore, Taiwan (China)'s own agricultural land is relatively limited and frequently impacted by typhoons, leading to an unstable supply of certain vegetables. These conditions have created opportunities for Vietnamese vegetables, spices, and other agricultural products to gradually establish a firm foothold in the market.

Despite the vast potential for export expansion, several of Vietnam's key fruit exports—including mangoes, longans, lychees, pomelos, rambutans, and bananas—are not yet permitted for entry. This is due to pending pest risk assessments and incomplete market opening procedures.

To more effectively tap into the Taiwanese market for authorized products, the trade office advises businesses to proactively develop standardized raw material areas and implement safe production processes. This includes strictly controlling the use of pesticides and fertilizers, strengthening traceability, and regularly updating themselves on Taiwan (China)’s plant quarantine and food safety regulations. Such measures are essential to minimizing risks and enhancing the overall competitiveness of Vietnamese produce.

VnEconomy-Song Hà

Wood sector aims for $19 bln export goal

Wed, 05 Aug 2026 01:30:00 GMT

The industry will focus on maintaining its presence in key traditional markets, with a particular emphasis on the United States, and expanding into Japan, China, South Korea, the EU, India, Canada, Australia, the Middle East, and other emerging markets.

The Vietnam Timber and Forest Product Association (VIFOREST) has set an ambitious export target exceeding $18.5 billion for 2026.

To realize the goal, the industry plans to implement five core groups of solutions while simultaneously petitioning the Government to remove tax, credit, and administrative bottlenecks to create a more favorable environment for businesses.

First, the industry will focus on maintaining its presence in key traditional markets, with a particular emphasis on the United States.

Second, VIFOREST aims to diversify its export footprint by expanding into Japan, China, South Korea, the EU, India, Canada, Australia, the Middle East, and other emerging markets.

Third, the industry intends to effectively tap into the domestic market. By providing wooden furniture and materials for social housing projects, schools, hospitals, offices, hotels, and infrastructure developments, businesses aim to maintain production capacity, preserve jobs, and ensure steady cash flow.

Fourth, the sector will focus on enhancing value-added products. This involves developing products with superior design, established branding, and higher levels of deep processing. Additionally, the industry will utilize by-products to produce wood pellets, biomass, and other circular economy products.

Fifth, there will be a push for sustainable raw material development. This includes increasing the use of domestic plantation timber, certified wood, and legally imported timber.

The industry will also accelerate the digitalization of traceability records to meet EU Deforestation Regulation (EUDR) requirements and strengthen linkages with forest owners and cooperatives to transition toward large-timber forestry.

Recommendations for Government support

To ensure these solutions are effective, VIFOREST has requested that the Ministry of Agriculture and Environment, along with other central agencies, focus on five areas of support.

First, establish a regular exchange mechanism with US agencies and associations to provide transparent information regarding labor, the environment, and Vietnam’s plantation materials. This aims to protect the legitimate interests of Vietnamese businesses against tax measures and trade defense investigations.

Second, the Association proposes abolishing the 25% export tax on sawn timber produced from imported roundwood and the 5% export tax on black pellets and sawdust charcoal. VIFOREST estimates that resolving these tax issues could boost annual export turnover by $500–700 million.

Third, VIFOREST suggests creating tailored credit packages for wood processing enterprises and forest owners. Furthermore, it recommends restructuring debt repayment schedules for businesses significantly impacted by the tax policies of major international markets.

Fourth, increase resources for trade promotion, supporting businesses in attending international fairs and connecting with global distribution networks. This includes promoting the national brand: "Legal, Sustainable, and Responsible Vietnamese Wood."

Fifth, the Association calls for the continued digitalization and integration of procedures for planting area identification, CITES licensing, and origin certification. They also recommend the "single-declaration" use of data to eliminate duplicate inspections and shorten customs clearance times.

VnEconomy-Chu Khôi

Diplomatic sector helps create favorable external environment for development: PM

Tue, 04 Aug 2026 11:00:00 GMT

Diplomacy has also contributed to mobilizing external resources, expanding markets, attracting investment, and promoting sci-tech and innovation, thereby supporting productivity gains, economic restructuring and sustainable development, Prime Minister Le Minh Hung told the plenary session of the 33rd Diplomatic Conference in Hanoi on August 4.

Addressing a plenary session of the 33rd Diplomatic Conference in Hanoi on August 4, Prime Minister Le Minh Hung has called on the foreign affairs sector to strengthen its role in supporting national development by adopting more innovative thinking and drastic action for tangible results, according to the Vietnam News Agency.

The PM was quoted by the news agency as saying that diplomacy has played an important role in safeguarding a peaceful and stable environment, creating favorable external conditions for enhancing Vietnam's international standing.

The Government leader said the sector, together with the political system, has built a comprehensive framework of external relations, providing a solid political and legal foundation for Vietnam to maintain independence, self-reliance, proactive and flexible implementation of its foreign policy within a changing global landscape.

He noted that diplomacy has also contributed to mobilizing external resources, expanding markets, attracting investment, and promoting sci-tech and innovation, thereby supporting productivity gains, economic restructuring and sustainable development.

As Vietnam enters a new stage of development, PM Hung urged the sector to adopt a results-oriented approach, with development outcomes as a key measure of performance. He said diplomacy should help the country achieve double-digit economic growth and avoid the middle-income trap. He highlighted three main priorities for the sector.

First, diplomacy should move beyond just paving the way to accompanying businesses and localities through to implementation and concrete results. The responsibility of officials involved in economic diplomacy should not end with the signing of agreements, but extend until commitments are fulfilled, projects receive the necessary approvals, investments are disbursed, and the projects become operational.

Second, the sector should move beyond attracting resources to transforming them into long-term development capacity by linking investment with technology transfer, workforce training and stronger domestic enterprises. Diplomacy should also help attract core and strategic technologies, develop critical infrastructure and encourage overseas Vietnamese and international talent to participate in national innovation programmes.

Third, it should help Vietnam move from participating in global rule-making to shaping emerging standards on areas such as the environment, labor, data, artificial intelligence and supply chains, turning external challenges into new development opportunities. The PM also instructed the foreign affairs sector to strengthen Party building, safeguard political security, improve strategic research and forecasting, consolidate traditional markets while expanding into new ones, make better use of free trade agreements, support Vietnamese businesses in joining global value chains and promote high-value national brands.

He called for stronger efforts to attract investment linked to technology transfer and innovation, increase localization, develop new growth models such as international financial centers, the marine economy and modern capital markets, and strengthen science and technology diplomacy. The sector should also establish partnerships with leading technology partners, help domestic enterprises access strategic technologies, promote research and development, form new production forces, and pilot the appointment of technology ambassadors and special envoys.

The PM urged the entire diplomatic sector to embrace the Government's guiding principle of "action, action and more action; work, work and more work," turning determination into action to successfully deliver on all assigned tasks.

Delegates at the session discussed measures to deepen cooperation with key partners, expand export markets, strengthen science-technology diplomacy, attract high-quality investment, ensure energy security, enhance the position of Vietnamese agricultural products in global value chains, implement the Go Global programme and improve coordination between the Ministry of Foreign Affairs, overseas missions, local authorities and businesses.

Speaking at the session, which drew more than 500 participants, Minister of Foreign Affairs Le Hoai Trung, as quoted by the news agency, said that during 2024–2025, Vietnam's overseas representative missions organized more than 1,200 trade, investment and tourism promotion activities, supported over 550 local connectivity initiatives and helped facilitate around 230 cooperation agreements with international partners. Economic diplomacy, science-technology diplomacy, and energy diplomacy have shifted from promotion to practical support, helping expand markets, attract resources and technology, strengthen economic security and respond more effectively to crises

He pledged that the ministry will promptly translate the PM’s directions into concrete action programmes under the spirit of "breakthrough thinking, decisive action and tangible results." He called on domestic units and overseas missions to improve strategic forecasting, strengthen inter-agency coordination, expand business support, and continue playing a pioneering role in market expansion, resource mobilization, science-technology, innovation and digital transformation.

-Van Nguyen

Government regular July meeting held in Hanoi

Tue, 04 Aug 2026 08:40:00 GMT

According to a report to the meeting, the macro-economy remained broadly stable during the January–July period.

The Government held its regular July meeting in Hanoi on August 3 under the chair of Prime Minister Le Minh Hung.

According to a report to the meeting, Vietnam's macro-economy remained broadly stable during the first seven months of this year, with positive achievements recorded.

As a result, lower food and fuel costs caused a 0.12% drop in July's CPI compared to June figures, thus bringing the seven-month average CPI increase to 4.39% year-on-year. Meanwhile, State budget revenue reached an estimated VND1.83 quadrillion ($70 billion), or 72.5% of the full-year target.

Public investment disbursement through late July hit an estimated VND425.3 trillion, equal to 41.9% of the plan and VND86.8 trillion higher in absolute terms than a year earlier.

Foreign direct investment remained a standout. Newly registered capital surged 58% to $38.06 billion USD, while FDI disbursement climbed 11.8% to $15.2 billion. Total trade in the first seven months hit an estimated $659.6 billion, a 28.1% annual jump.

The Prime Minister was quoted by the Vietnam News Agency as instructing ministries, sectors and localities to issue or update action plans to follow the Party Central Committee’s third plenum resolutions and conclusions no later than August 10.

The PM ordered ministries, agencies and localities to stick closely to resolutions, agendas and plans, making sure every task is finished on time and to the standard required by the Party Central Committee, Politburo, Secretariat, National Assembly (NA) and Government.

Ministries and ministerial-level agencies must finalize and submit 24 draft laws and resolutions to the 16th NA’s first extraordinary session, plus about 40 drafts for the October session of the NA, along with the necessary guiding documents.

They were also instructed to continue seeking input from competent authorities on major issues and listen to feedback from citizens and businesses when finalizing the drafts.

Lawmakers crafting the Law on Support for Small-and Medium-Sized Enterprises should look at bringing individuals and household businesses under its coverage, creating incentives for them to step up into formal enterprises, especially single-member ones.

Ministries and agencies were told to tighten discipline and speed up the issuance of detailed regulations and enforcement guides for laws and resolutions to prevent any legal gaps.

The Ministry of Justice must urgently prepare the Government’s report on the review of legal documents and submit it to the steering committee before August 15, then to the Government for consideration and to the NA Standing Committee before August 30.

The PM said the Government has so far approved adjustments to the national master plan for 2021–2030, six socio-economic regional plans, 33 out of 34 provincial plans, and 12 of 34 sectoral plans, including the national land use blueprint.

He asked ministers and heads of agencies to complete the formulation and adjustment of the remaining 22 sectoral plans within their remit, targeting double-digit growth and statutory deadlines. All adjustments need to wrap up in the third quarter.

Ministries, agencies and localities must regularly check whether the growth goal is still within reach and roll out effective steps to boost growth while keeping the macro-economy stable and inflation in check.

They were also told to accelerate public investment allocation and disbursement, especially at 10 ministries and agencies and several provinces with low rates, with the goal of hitting 100% of assigned capital. No proposal to return 2026 central budget funds should be made without first reviewing how that might affect the growth target.

He further directed tasks for national defense-security and external relations, while ordering thorough preparations for upcoming diplomatic activities involving Party and State leaders and active planning for APEC Year 2027.

Vietnam's July CPI falls 0.12% as transport and food prices ease

Tue, 04 Aug 2026 07:30:00 GMT

The overall decrease in July was mainly driven by lower prices in transportation, food and catering services, and housing-related items.

Vietnam's consumer price index (CPI) declined 0.12% in July from the previous month, ending a string of monthly increases, according to the National Statistics Office.

Despite the monthly decline, consumer prices remained 3.08% higher than at the end of 2025 and rose 4.45% compared with July last year.

Among the 11 major categories of goods and services, eight recorded price increases while three posted declines. The overall decrease in July was mainly driven by lower prices in transportation, food and catering services, and housing-related items.

Meanwhile, price increases were concentrated in public services and products associated with the peak summer tourism season.

For the first seven months of 2026, average CPI rose 4.39% year-on-year. Housing, electricity, water, fuel and construction materials recorded the largest increase, rising 6.72% and contributing 1.53 percentage points to overall inflation. Food and catering services climbed 4.77%, making the largest contribution of 1.71 percentage points, while transportation prices increased 5.01%, adding 0.50 percentage points.

Core inflation, which excludes volatile items, increased 0.33% from June and 4.63% year-on-year in July. For the January–July period, average core inflation rose 4.19% compared with the same period of 2025.

-Song Hà

Fruits and seafood shine as Vietnam’s agro-exports hit $43 bln

Tue, 04 Aug 2026 00:00:00 GMT

Asia continues to be the largest regional market for Vietnamese agro-forestry-fishery goods, accounting for 45.2% of total trade turnover, followed by the Americas (21.4%), Europe (13.8%), Africa (2.3%), and Oceania (1.4%).

Vietnam’s export value of agro-forestry-fishery products in July 2026 is estimated at $6.67 billion, representing a 1.3% increase from the previous month and an 11.9% rise compared to the same period in 2025.

This brought the cumulative export turnover for the first seven months of 2026 to nearly $42.8 billion, a 7.5% increase year-on-year, according to the Ministry of Agriculture and Environment.

In terms of the export structure, agricultural products accounted for nearly $22.2 billion, up 2.4%; forestry products $10.96 billion, up 5.8%; and fishery products $6.85 billion, up 12.7%.

Asia continues to be the largest regional market for Vietnamese agro-forestry-fishery exports, accounting for 45.2% of the total trade turnover in the seven-month period, followed by the Americas (21.4%), Europe (13.8%), Africa (2.3%), and Oceania (1.4%).

Compared to the same period last year, exports to Oceania surged by 18.7%, while Asia and Europe saw increases of 13.2% and 1.8%, respectively. In contrast, shipments to the Americas slightly declined by 0.5%, and exports to Africa dropped sharply by 20.4%.

Fruits and vegetables remain a standout growth driver. In July 2026 alone, export turnover for this sector reached approximately $1.13 billion, bringing the seven-month total to $4.83 billion—a 24.9% increase over the previous year.

China remains the dominant consumer, taking up 55% of the total fruit and vegetable export value. The United States and South Korea followed with shares of 7.9% and 4.6%, respectively. Exports to China grew by 24.9%, while the US and South Korea markets increased by 11.8% and 8.1%, respectively.

For the coffee sector, July exports were estimated at 147,600 tons, valued at $639.5 million. The cumulative figure for the first seven months reached 1.2 million tons worth $5.45 billion. Although export volume rose by 10.8%, the total value fell by 11.2% as the average export price dropped to $4,537 per ton, down 19.9%.

Germany, Italy, and Japan were the three largest markets, holding shares of 13.5%, 7.9%, and 7.2%, respectively. Among the top 15 markets, China recorded the most dramatic growth at 76.1%, while Malaysia saw a decline of 23.7%.

In the livestock sector, export value for July 2026 was estimated at $74.4 million, raising the seven-month total to $455 million, a 33.2% increase. Notably, milk and dairy products reached $124.2 million, soaring by 95.3%, while meat and meat by-products grew by 13.3% to reach $132.8 million.

The fishery sector also reported positive results, with July exports estimated at $1.09 billion, bringing the seven-month cumulative value to $6.85 billion, up 12.7%.

The three largest markets for Vietnamese seafood were China (24.2%), the US (15.5%), and Japan (13.9%). Exports to China saw a strong increase of 38.7%, and Japan rose by 2.4%, while the US market experienced a marginal dip of 0.8%. Among the top 15 export markets, Singapore showed the highest growth rate at 65.3%.

VnEconomy-Chu Khôi

Vietnam’s industrial production rises 11.4% in first 7 months, a multi-year high

Mon, 03 Aug 2026 23:00:00 GMT

In the seven-month period, the IIP for the manufacturing sector grew by 12.0% (compared to a 10.1% increase in the same period of 2025), contributing 9.3 percentage points to the overall growth.

Vietnam’s Index of Industrial Production (IIP) for July 2026 is estimated to have increased by 1.2% month-on-month and 14.5% year-on-year, according to data released by the National Statistics Office on August 3.

Collectively, for the first seven months of 2026, the IIP rose by 11.4% compared to the same period last year, marking the highest seven-month growth rate in many years.

Contributing to this overall growth, the manufacturing sector in July 2026 increased by 15.0% year-on-year; water supply, waste management, and wastewater treatment activities rose by 14.9%; electricity production and distribution increased by 12.5%; and the mining industry rose by 10.4%.

In the seven-month period, the IIP for the manufacturing sector grew by 12.0% (compared to a 10.1% increase in the same period of 2025), contributing 9.3 percentage points to the overall growth. The mining industry rose by 6.6% (compared to a 2.4% decrease in the same period of 2025), contributing 1.0 percentage point. Electricity production and distribution grew by 9.9% (vs. 4.8% in 2025), contributing 0.9 percentage points. Meanwhile, water supply and waste management increased by 10.0% (vs. 10.1% in 2025), contributing 0.2 percentage points.

The National Statistics Office report noted that the IIP for several key Level-II industries increased during the first seven months of 2026, including: metals; motor vehicles; beverages; other non-metallic mineral products; other transport equipment; furniture; electronics, computers, and optical products; fabricated metal products (except machinery and equipment); and chemicals and chemical products, among others.

Regarding the industrial performance of various localities, the report indicated growth in all 34 provinces and cities during the first seven months of 2026.

Some localities achieved high IIP growth rates thanks to the manufacturing and electricity production sectors. Conversely, a few localities saw lower growth rates due to slow performance or declines in manufacturing, mining, and electricity production.

In addition to sectoral indices, the output of key industrial products also clearly reflected the consumption demand and supply capacity of the economy. Specifically, in the first seven months of 2026 compared to the same period last year, motorbike production increased by 31.1%; laptops by 30.7%; rolled steel by 24.7%; automobiles by 24.3%; processed seafood by 21.2%; refined sugar by 18.5%; bar and angle steel by 16.8%; beer by 13.9%; and crude oil extraction by 12.7%.

VnEconomy-Huyền Vy

First extraordinary session of 16th National Assembly opens

Mon, 03 Aug 2026 10:40:00 GMT

During the session opened in Hanoi on August 3, lawmakers are scheduled to consider and decide on a series of items, including 15 draft laws, four draft normative resolutions and a range of major issues concerning national development.

The first extraordinary session of the 16th National Assembly (NA) opened in Hanoi on August 3 under the chair of National Assembly Chairman Tran Thanh Man, who delivered a speech at the opening ceremony.

During the session, which is scheduled to run until August 24 and to be divided into two phases: August 3-13 and August 19–24, lawmakers are scheduled to consider and decide on a series of items, including 15 draft laws, four draft normative resolutions and a range of major issues concerning national development.

The bills to be discussed and adopted include the revised law on petroleum; the revised law on grassroots mediation; the law on urban development; the revised law on the dissemination of legal documents and legal education; the law on the prevention of the proliferation of weapons of mass destruction; the law amending and supplementing a number of articles of 10 laws relating to administrative procedures and business conditions in the agriculture and environment sectors; and the law amending and supplementing a number of articles of nine laws on military and national defence, according to a report by the Vietnam News Agency.

Others are the law amending and supplementing a number of articles of the law on the State Bank of Vietnam, the law on anti-money laundering and the law on credit institutions; the law amending and supplementing a number of articles of the law on radio frequencies, the law on telecommunications, the law on electronic transactions and the law on technology transfer; the law amending and supplementing Article 6 and Appendix IV on the list of conditional business investment sectors and trades under the law on investment; the law amending and supplementing a number of articles of the customs law; the law amending and supplementing a number of articles of the law on architecture; the law amending and supplementing a number of articles of the law on Vietnamese guest workers under contract; the law amending and supplementing a number of articles of the law on state compensation liability; and the law amending and supplementing a number of articles of the law on publishing. The legislature will also consider and adopt the draft resolutions on special mechanisms and policies to remove obstacles to projects serving APEC Economic Leaders' Week 2027 in An Giang province’s Phu Quoc special zone; the resolution on special policies and mechanisms to address legal violations related to the state economic sector, the private economic sector, and the applications of science and technology, innovation and digital transformation; the resolution on special mechanisms for resolving issues affecting wind and solar power projects; and a resolution replacing Resolution No. 96/2019/QH14 on crime prevention and control, the handling of legal violations, the work of the People's Procuracy, the People's Courts, and the enforcement of judgments.

The seven draft laws to receive first readings include revised versions of the Criminal Code, the Criminal Procedure Code, the Law on Real Estate Business, the Land Law, the Housing Law, the Law on Organisation of Criminal Investigation Agencies, and a consolidated Law on the State Budget.

The NA will also discuss and decide on several key issues, including the investment policy for the Ring Road 5 project in the Hanoi capital region, adjustments to the investment policy for the Lao Cai–Hanoi–Hai Phong railway project, the establishment of Quang Ninh and Bac Ninh cities, matters related to the Ninh Thuan nuclear power plant project, the integration of four national target programmes into a single one, and personnel affairs falling under its authority.

On August 3, the National Assembly approved the appointment of Mr. Nguyen Tien Hai, former Secretary of the Party Commiittee of An Giang province, and Acting Minister of Home Affairs as Minister of Home Affairs, replacing his predecessor Do Thanh Binh who has been assigned by the Politburo as new Secretary of the Party Committee of the southern city of Can Tho.

-Van Nguyen

Vietnam’s 7-month trade turnover exceeds $659 bln with a trade deficit

Mon, 03 Aug 2026 10:10:00 GMT

The United States remained Vietnam’s largest export market with a turnover of $104.7 billion, while China was its largest source of imports, reaching $138.6 billion.

Vietnam’s import and export turnover in July 2026 reached $109.75 billion, up 5.3% from the previous month and 33.0% compared to the same period last year, according to data released on August 3 by the National Statistics Office.

For the first seven months of 2026, the total trade value reached $659.58 billion, representing a 28.1% year-on-year increase. While exports maintained a growth rate of 21.7%, imports grew at a faster pace of 34.8%. This growth disparity shifted the trade balance into a deficit of $20.52 billion, primarily driven by rising demand for raw materials, machinery, and equipment to support production and investment activities.

To the $319.53 billion export turnover, the foreign-invested (FDI) sector contributed $255.89 billion or 80.1%, representing a 26.4% increase year-on-year. In contrast, the domestic economic sector contributed $63.64 billion or 19.9%, with a year-on-year growth rate of 5.8%.

During this period, 31 commodity groups achieved export turnovers exceeding $1 billion each, contributing 93.0% of the total export value. Notably, seven of these categories surpassed $10 billion each, accounting for 69.7%.

In terms of product structure, the processing industry remained dominant with a value of $287.91 billion, making up 90.1% of the total turnover. Other sectors included agro-forestry products at $22.79 billion (7.1%), seafood at $6.86 billion (2.2%), and fuels and minerals at $1.97 billion (0.6%).

Import turnover for the first seven months of 2026 reached $340.05 billion, to which the domestic sector contributed $92.14 billion (up 24.1%), while $247.91 billion came from the FDI sector (up 39.2%).

There were 40 imported items with a turnover exceeding $1 billion each, accounting for 93.0% of the total import value, with two items exceeding the $10 billion mark and making up 52.0% of the total.

The structure of imports was heavily focused on production materials, which were valued at $319.95 billion and accounted for 94.1% of the total import iturnover. Within this group, machinery, equipment, and spare parts accounted for 56.9%, while raw materials, fuels, and supplies made up 37.2%. Consumer goods accounted for only 5.9% of the total, valued at $20.1 billion.

Regarding major trading partners, the United States remained Vietnam’s largest export market with a turnover of $104.7 billion, while China was its largest source of imports, reaching $138.6 billion.

VnEconomy-Manh Duc

Vietnam's growth momentum improves in July amid waning inflationary pressures: SP Global

Mon, 03 Aug 2026 07:10:00 GMT

Sharper increases in output, new orders, exports and purchasing being recorded, according to a report released by SP Global on August 3.

July data pointed to a strengthening of growth momentum in the Vietnamese manufacturing sector, with sharper increases in output, new orders, exports and purchasing being recorded, while employment rose for the first time in five months, according to a report released by SP Global on August 3.

Firms were helped by a further easing of inflationary pressures, with input costs and output prices each rising at the slowest rates in 10 months. Supply-chain delays were also less pronounced.

The SP Global Vietnam Manufacturing Purchasing Managers' Index™ (PMI®) rose to 52.9 in July, up from 51.8 in June and signalling a solid monthly improvement in the health of the sector.

Business conditions have now strengthened in 13 consecutive months, with the latest improvement the most pronounced since February.

Manufacturing production increased sharply in July, with the rate of expansion quickening to a five-month high. Output has now risen continuously on a monthly basis since May 2025.

Firms often linked higher output to an increase in new orders. New business expanded for the third month running in July, and at a faster pace than in June. Total new sales were supported by a solid increase in new export orders, which rose at the sharpest rate since July 2024.

-Mạnh Đức

Vietnam's registered FDI rises 58% to $38.1 bln in 7M

Mon, 03 Aug 2026 04:10:00 GMT

Vietnam licensing 2,429 new projects with combined registered capital of $21.05 billion in the first seven months of 2026.

Vietnam attracted $38.06 billion in registered foreign direct investment (FDI) in the first seven months of 2026, up 58.0% year-on-year, the National Statistics Office announced on August 3.

The total includes newly registered capital, additional investment for existing projects, and capital contributions and share acquisitions.

Newly registered FDI recorded particularly strong growth. During the January–July period, Vietnam licensed 2,429 new projects with combined registered capital of $21.05 billion. While the number of new projects increased by 7.8% from a year earlier, newly registered capital more than doubled.

Manufacturing and processing remained the largest FDI recipient, attracting $11.58 billion, equivalent to 55.0% of newly registered capital.

Among 69 countries and territories investing in Vietnam, Singapore was the largest source of newly registered FDI with $7.5 billion, representing 35.6% of the total. It was followed by South Korea with $5.61 billion, Hong Kong (China) with $2.91 billion, and China with $1.73 billion.

Additional capital injections into existing projects reached $10.43 billion through 666 project adjustments, up 4.4% year-on-year.

Meanwhile, capital contributions and share acquisitions totalled $6.58 billion across 1,815 transactions, soaring 61.6% from the same period last year. Most of the investment flowed into professional, scientific and technical activities ($2.68 billion) and wholesale and retail trade ($1.96 billion).

The National Statistics Office also estimated that disbursed FDI reached $15.20 billion during the first seven months of the year, an increase of 11.8% from a year earlier and the highest seven-month disbursement level recorded in the past five years.

-Anh Nhi

HCM City targets Top 50 global smart cities by 2030

Mon, 03 Aug 2026 01:30:00 GMT

The southern city aims to develop its smart city infrastructure based on a model of green growth and data-driven governance.

Ho Chi Minh City has officially approved a smart city development scheme for the 2026–2030 period, with a vision extending to 2045.

According to the scheme, the southern city aims to develop its smart city infrastructure based on a model of green growth and data-driven governance. By leveraging digital technology, the city intends to enhance the efficiency of state management, improve the quality of urban services, and boost both the residents' quality of life and the city’s overall competitiveness.

By 2030, the city targets a position among the top 50 smartest cities in the world. The scheme identifies citizens as the centerpiece of this development process, aiming to provide urban services that are transparent, convenient, and safe, while actively encouraging community participation.

By 2035, the city strives to become one of three national smart city operation centers, playing a key role in coordinating data, technology, and innovation.

By 2045, it aims to achieve the highest level of smart city maturity according to the National Sustainable Smart City Criteria. Simultaneously, it seeks to establish itself as a leading science, technology, and innovation hub within the Asia-Pacific region.

The scheme outlines nine fundamental principles for smart city development: ensuring legal compliance and unified management; placing citizens and businesses at the center; utilizing data as the foundation for development; ensuring interoperability, integration, and shared resources; guaranteeing information security and privacy rights; emphasizing the responsibility of leadership; implementing projects in a safe and controlled manner; following a roadmap aligned with available resources; and maintaining openness and flexibility while avoiding technological dependence.

VnEconomy-Minh Huy

Foreign affairs must play pioneering role, provide sound advice, take prompt action: Top leader

Sat, 01 Aug 2026 09:40:00 GMT

Addressing the opening of the 33rd Diplomatic Conference in Hanoi on August 1, Party General Secretary and State President To Lam stressed that a good diplomat must first have firm political mettle and always take national interests as the compass for action.

Addressing the opening of the 33rd Diplomatic Conference, which was held by the Ministry of Foreign Affairs in Hanoi on August 1, Party General Secretary and State President To Lam called on the diplomatic sector to play a pioneering role, strengthen strategic research and forecasting, provide sound policy advice and take timely action to safeguard national interests and create resources for development, according to a report by the Vietnam News Agency.

The Party and State leader requested the seven-day conference to enable the entire foreign affairs system to clearly identify what has been accomplished, what remains behind schedule, and agree on priority tasks, coordination mechanisms and specific outcomes.

According to the leader, the world is undergoing rapid and complex changes, but peace, cooperation and development remain common aspirations. The key is to identify opportunities early and turn them into tangible results rather than waiting for favourable conditions or responding only after situations arise.

To effectively implement the foreign policy adopted at the 14th National Party Congress, General Secretary and President Lam urged the sector to renew its thinking and improve the quality of research, forecasting and strategic advice. Research should focus on developments with direct and long-term impacts on Vietnam’s security and development, including strategic adjustments by major powers, shifts in economic, technological and power centres, and changes in trade, finance, energy and water resources, he said.

Emerging fields such as artificial intelligence (AI), semiconductors, the digital economy, green transition, cybersecurity and data security must be studied early and thoroughly, he said, stressing that research should place greater emphasis on identifying opportunities and proposing concrete actions.

He also called for closer exchanges between research and performing units, between domestic agencies and overseas representative missions, as well as stronger engagement with experts, businesses and Vietnamese communities abroad.

Regarding diplomatic relations, he stressed that established and upgraded frameworks must be translated into action programmes and projects with measurable results. An upgraded relationship marks the beginning of a new chapter, not the completion of a task. Following each high-level visit, there must be an implementation plan, while each agreement must clearly define the lead agency, responsibilities, timeline and monitoring mechanism.

The effectiveness of foreign relations, he said, should not be measured by the frequency of contacts or the names of cooperation frameworks, but by whether they help consolidate peace, safeguard national interests, expand markets, generate projects, enhance technology and human resources, and deliver tangible benefits to the people.

The Party General Secretary and State President called for deeper development-focused diplomacy, with practical effectiveness as the key measure. Priority should be given to mobilising resources for science and technology, innovation, digital transformation, the private sector and higher-quality foreign investment. Vietnam should selectively attract high-tech projects in semiconductors, AI, digital infrastructure, clean energy, biotechnology and modern agriculture, while linking investment with technology transfer, human resources training and greater participation by Vietnamese firms in global value chains.

The top leader emphasised that sci-tech diplomacy must become a regular task, with networks connecting research institutes, universities, businesses and experts to bring appropriate knowledge and technologies to Vietnam. Diplomacy should seek not only capital, but also knowledge, talent and effective practices. At the same time, he called for stronger and better work involving overseas Vietnamese, culture diplomacy, external information, consular affairs and citizen protection, emphasising that all external activities must ultimately serve national development and the people.

He also urged the sector to raise the effectiveness of multilateral diplomacy and implement comprehensive, coordinated and effective international integration. Preparations for Vietnam’s hosting of APEC Year 2027 must begin early, while implementation of the Politburo’s Resolution No. 59 on international integration should be linked with institutional improvement and stronger domestic capacity.

The top leader placed particular emphasis on building a diplomatic workforce with strong political qualities, professional capacity and credibility. He urged improvements in recruitment, training, assessment and personnel deployment, while developing specialists with expertise in key geographical areas and emerging fields, and creating mechanisms to attract talent from both inside and outside the sector.

A good diplomat must first have firm political mettle and always take national interests as the compass for action, he said, stressing that every foreign affairs official must remember that behind them stand the Party, the country and the people.

He required the conference to produce concrete outcomes, including priority tasks, timelines and responsibilities for implementing foreign affairs and international integration resolutions; a review of delayed treaties, agreements, commitments and major projects; and a clear identification of key markets, projects, technologies, partners and human resources. Immediately after the event, its conclusions must be translated into plans, assigned to specific persons, with clear deadlines and regular reviews, he added

-Van Nguyen

Vietnam Airlines and Vietjet Air to launch direct flights connecting Ho Chi Minh City to Colombo (Sri Lanka)

Sat, 01 Aug 2026 07:30:00 GMT

In the first half of 2026, nearly 9,000 visitors from Sri Lanka traveled to Vietnam, while more than 4,500 Vietnamese visited Sri Lanka.

While addressing the Vietnam Tourism Promotion Program held in Colombo (Sri Lanka) on July 31, Vietnamese Ambassador to Sri Lanka Trinh Thi Tam announced that Vietnam Airlines and Vietjet Air will launch direct flights connecting Ho Chi Minh City and Colombo in August this year.

The direct air service will not only shorten travel time between the two nations but also inject new impetus in fostering tourism, trade, investment and people-to-people linkages, contributing to promoting the bilateral ties towards a more intensive and practical manner, the ambassador was quoted by the Government News as speaking at the event.

Meanwhile, Sri Lankan Deputy Minister of Foreign Affairs, Foreign Employment and Tourism, Mr. Ruwan Ranasinghe, expressed his satisfaction at the growing number of tourists between the two nations.

In the first half of this year, nearly 9,000 visitors from Sri Lanka traveled to Viet Nam while more than 4,500 Vietnamese visited Sri Lanka.

The Sri Lankan official highly appreciated the efforts of relevant authorities and the business communities of both countries in streamlining procedures and making direct air connectivity between the two countries a reality.

He also expressed confidence that bilateral tourism cooperation would achieve significant progress in the coming period.

The Vietnam Tourism Promotion Program in Colombo is one of the Vietnamese Embassy in Sri Lanka's key economic and cultural diplomacy initiatives.

The program aims to promote the image of Vietnam and its people, strengthen connections between the tourism business communities of the two countries, and lay the groundwork for effectively leveraging the new direct flights between Ho Chi Minh City and Colombo.

It is also expected to contribute to deepening the Vietnam–Sri Lanka Comprehensive Partnership, established during the state visit of General Secretary and President To Lam to Sri Lanka in May this year, thus making the bilateral relationship increasingly substantive and effective.

-Khanh Van

Biotechnology development plan in agriculture and environment approved

Sat, 01 Aug 2026 07:00:00 GMT

The plan aims to develop biotechnology into a key foundational sector that drives innovation to support growth in agriculture and environment based on science, technology, innovation, and digital transformation.

Under Prime Ministerial Decision No. 1466/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on July 31, a biotechnology development plan in agriculture and environment has been approved.

According to the plan, biotechnology will be developed into a key foundational sector that drives innovation to support growth in agriculture and environment based on science, technology, innovation, and digital transformation.

The plan seeks to master core and strategic technologies, foster an ecosystem of biotechnology enterprises and strategic technology products, and enhance competitiveness in service of green, circular, and sustainable agriculture.

It set a target to master next-generation biotechnology, strategic biotechnology, and gene-editing technologies by 2045, which will be applied to develop industrial-scale products and establish a techno-economic sector capable of supplying high-quality and safe products to both domestic and international markets.

According to the plan, Vietnam will form a market for agricultural and environmental biotechnology, thus positioning the nation as one of the world and region's leading biotechnology countries for smart biotechnology production and services.

Moreover, businesses are expected to increase their investment scale and growth by 70 percent. Biotechnology products are targeted to replace at least 60 percent of imported products, while the biotechnology industry will contribute 15 percent of the sector's value added.

To achieve these objectives, the Plan outlines the following priority tasks and solutions:

- Developing science and technology to support growth in the agriculture and environment sectors;

- Building and strengthening biotechnology capabilities, including infrastructure, human resources, and research capacity;

- Developing biotechnology industry for agriculture and the environment;

- Establishing and improving legal and policy frameworks to promote biotechnology industry development;

- Enhancing international cooperation in biotechnology; and

- Raising public awareness and communication about biotechnology industry.

-Khanh Chi

Asian Meeting of the Econometric Society opens in Hanoi

Sat, 01 Aug 2026 03:00:00 GMT

The event aims to foster evidence-based policymaking and contribute to shaping macroeconomic policies amid an increasingly uncertain global environment.

The 2026 Asian Meeting of the Econometric Society (AMES 2026) officially opened in Hanoi on July 31, gathering nearly 300 researchers and scholars from around 30 countries and territories.

The conference serves not only as a leading platform for academic exchange in econometrics and economics but also as an important venue for translating theoretical research into practical applications. Organizers said the event aims to foster evidence-based policymaking and contribute to shaping macroeconomic policies amid an increasingly uncertain global environment.

In his opening remarks, Mr. Nguyen Hoang, president of Thuong Mai University, said scientific forums such as AMES play an important role in connecting researchers and providing evidence-based policy recommendations as countries respond to geopolitical uncertainty, digital transformation, artificial intelligence and the transition to greener economies.

-Khánh Vy

IFAD appoints new Vietnam Country Director as it advances $200 million rural development portfolio

Fri, 31 Jul 2026 07:20:00 GMT

The International Fund for Agricultural Development (IFAD) has appointed Ms. Enika Basu as its new Vietnam Country Director as the organization advances nearly $200 million in projects supporting climate resilience and rural development.

New Country Director for Vietnam of the International Fund for Agricultural Development (IFAD) Enika Basu presented her credentials to Deputy Minister of Foreign Affairs Dang Hoang Giang on July 30. -(Photo: IFAD)

The International Fund for Agricultural Development (IFAD) has appointed Ms. Enika Basu as its new Country Director for Vietnam and head of its multi-country office in Hanoi, as the organization continues implementing nearly $200 million in projects supporting Vietnam's climate resilience and rural development.

Ms. Basu formally presented her credentials to Deputy Minister of Foreign Affairs Dang Hoang Giang on July 30, marking the start of her leadership of IFAD's operations in Vietnam.

"I am honoured to lead IFAD’s work in Vietnam at a time when the country is pursuing an ambitious vision for sustainable, resilient and inclusive rural transformation, including its commitment to achieve net-zero emissions by 2050," said Ms. Basu. "IFAD looks forward to working closely with the Government of Vietnam, provincial authorities, development partners, the private sector and rural communities to advance greener agriculture and food systems, and expand economic opportunities for small-scale farmers and rural people. IFAD is also committed to supporting Vietnam in showcasing and sharing its successful development model and strategies with other developing countries through South-South cooperation," added IFAD's new Country Director in Vietnam.

Ms. Basu brings nearly two decades of international development experience, with expertise in rural transformation, inclusive economic development and strategic partnerships across Asia and the Pacific. Most recently, she served as senior adviser to the associate vice-president of IFAD's Department of Country Operations at the organization's headquarters in Rome, where she worked on partnerships with multilateral development banks and global financing mechanisms while supporting oversight of IFAD's country portfolio and pipeline.

Before joining IFAD, Ms. Basu worked with a Rome-based research institute supporting European Commission labor market integration programs and collaborated with the Indian Institute of Management Ahmedabad and civil society organizations on rural enterprise development and microinsurance initiatives for workers in the informal economy.

She will oversee IFAD's long-running partnership with the Vietnamese government, which spans more than three decades. During that time, the organization has committed $537 million of its own resources across 19 projects with a combined value of $918 million, reaching more than 1.4 million rural households through programs aimed at improving livelihoods and increasing incomes.

Among its recent initiatives, IFAD highlighted a project in the former province of Bac Kan (now part of Thai Nguyen province) and the province of Cao Bang in Vietnam's northern mountainous region, supporting commercial smallholder farming. The program achieved a multidimensional poverty reduction rate of nearly 40 per cent, exceeding its target of 25 per cent.

IFAD is currently financing two projects in Vietnam with a combined value of nearly $200 million, focusing on climate adaptation, resilience and rural development in line with the government's Vision 2045 strategy.

Vietnam, RoK seek to achieve $150bln in bilateral trade by 2030

Fri, 31 Jul 2026 03:00:00 GMT

The two sides are proposed to boost cooperation in infrastructure, renewable energy, shipbuilding and high-quality human resource development.

Vietnam's Party General Secretary and State President To Lam has called for stronger cooperation with the Republic of Korea (RoK) in infrastructure, renewable energy, shipbuilding and high-quality human resource development, while reaffirming the shared goal of raising bilateral trade to $150 billion by 2030.

The proposal was made during a meeting in Hanoi on July 30 with Kim Yun Duk, the RoK’s Minister of Land, Infrastructure and Transport, who is on an official visit to Vietnam.

The Vietnamese leader reaffirmed that Vietnam attaches great importance to its relationship with the RoK and is committed to further strengthening the two countries' Comprehensive Strategic Partnership across a wide range of areas, including politics, trade, investment, science and technology, culture and people-to-people exchanges.

Commending the close cooperation between Vietnam's Ministry of Construction and South Korea's Ministry of Land, Infrastructure and Transport, the Vietnamese leader encouraged the two ministries to expand exchanges of expertise and promote practical collaboration in infrastructure development, renewable energy, shipbuilding technology and the training of high-quality human resources, as these sectors have been identified as key priorities in Vietnam's long-term development strategy.

Minister Kim Yun Duk reaffirmed the RoK’s readiness to share its expertise in areas where it has strong capabilities and Vietnam has growing demand. He also pledged that South Korea would remain a trusted partner in supporting Vietnam's economic and development goals in the years ahead.

-Hà Lê

Vietnam, New Zealand aim to raise bilateral trade to $3 billion

Thu, 30 Jul 2026 10:00:00 GMT

Prime Minister Le Minh Hung urging both countries to implement practical solutions to facilitate market access for each other's key export products, and eliminate technical barriers.

Prime Minister Le Minh Hung has called on Vietnam and New Zealand to adopt breakthrough measures to remove technical barriers, expand market access and raise bilateral trade to $3 billion in the near future.

The proposal was made during the Prime Minister's meeting with New Zealand Ambassador to Vietnam, H.E. Caroline Beresford in Hanoi on July 30.

Highlighting the significant untapped potential for trade and investment cooperation, Prime Minister Hung urged both countries to implement practical solutions to facilitate market access for each other's key export products, eliminate technical barriers and maximize the benefits of the free trade agreements to which both nations are parties.

The Prime Minister also called for stronger cooperation in science and technology, innovation, digital transformation, green transition and renewable energy, particularly in the development of wind and solar power.

In addition, he proposed expanding collaboration in education and training to develop a highly skilled workforce, while encouraging the early launch of direct air services to enhance tourism, cultural exchanges and people-to-people connectivity.

Ambassador Caroline Beresford reaffirmed New Zealand's commitment to advancing the two countries' Comprehensive Strategic Partnership in a practical and effective manner, with particular focus on trade, investment, education and training, high-tech agriculture, and science and technology.

-Ha Le

Dong Nai identifies eco-industrial parks as strategic growth driver

Thu, 30 Jul 2026 08:00:00 GMT

The southern city is currently focusing on high-tech sectors such as aviation, semiconductors, artificial intelligence (AI), and information technology, with a development roadmap closely linked to green, clean, and high-value-added goals.

To achieve strategic goals for the 2026–2030 period, Vietnam's economy requires a transformational shift in its development model. In this shift, eco-friendly and smart industries will serve as the new growth engines.

In this scenario, southern Dong Nai city is identified as a vital growth pole, making significant contributions to the nation’s overall objectives, Dr. Nguyen Duc Hien, Deputy Head of the Central Commission for Policy and Strategy, told the forum "Building Eco-Smart Industrial Parks – A Driver for Investment Attraction and Green Economic Development in the Southeast Region” in Dong Nai City on July 28.

"Dong Nai's economic scale is projected to reach approximately $44 billion by 2030, accounting for nearly 5% of the national GDP by then—a substantial increase from the current $27 billion. With a growth of nearly 1.5 times in just 4 to 5 years, this locality bears a massive responsibility in the national strategy to elevate the country's GDP from approximately $514 billion in the 2021–2025 period to a target of $900 billion for 2026–2030," said Dr. Hien.

Analyzing Dong Nai’s strengths, Dr. Hien highlighted the convergence of eight favorable conditions for the development of eco-industrial parks: large industrial scale, a strategic gateway location, multimodal logistics infrastructure, green growth orientation, digital and technological foundations, an innovative and creative workforce, and practical experience.

In particular, the "airport city" (aerotropolis) model, combined with the connectivity between Bien Hoa, Long Thanh, and key regional axes in the South, creates a distinctive development space compared to many other localities in the region. This serves as the foundation for Dong Nai to not only maintain its role as a traditional industrial hub but also to reshape its growth model toward high technology and higher added value.

According to the official, a Law on Industrial Parks and Economic Zones is currently under study. The proposed law aims to implement a chain-based management model to avoid fragmentation among ministries and sectors, thereby helping businesses access land and resources more efficiently.

Speaking at the forum, Assoc. Prof. Dr. Ho Sy Hung, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), affirmed that transitioning industrial park models toward green and smart development is a key factor for deep integration into global value chains.

To achieve the Net Zero target by 2050, Vietnam aims to maintain double-digit growth in 2026 and the following periods. Studies show that adopting green, eco-friendly, and smart industrial models can boost labor productivity by 15% to 25%. Furthermore, the application of high technology not only improves the working environment but also helps localities attract high-quality human resources.

In Vietnam's Southeast region, Dong Nai is recognized as a pioneering locality in approaching and directing the transition to eco-industrial parks. The city is currently focusing on high-tech sectors such as aviation, semiconductors, artificial intelligence (AI), and information technology, with a development roadmap closely linked to green, clean, and high-value-added goals.

Representing the local government, Permanent Vice Chairman of the Dong Nai People's Committee, Mr. Nguyen Kim Long, said "In our upcoming strategy, Dong Nai will implement selective investment attraction, prioritizing clean technology projects and efficient resource utilization. We will gradually convert existing industrial parks, promote circular economy models—such as water reuse and waste recycling—and foster industrial symbiosis among enterprises."

VnEconomy-Nguyệt Hà

HCMC proposes raising social housing income ceiling to $2,300 per month

Wed, 29 Jul 2026 23:30:00 GMT

If approved, monthly net income requirements will be adjusted for eligible groups, including low-income urban residents, workers, civil servants, and public employees.

Ho Chi Minh City has proposed increasing the income eligibility threshold for purchasing social housing to a maximum of VND60 million ($2,280) per month for married couples and VND30 million ($1,140) per month for single individuals, depending on specific groups.

The HCMC Department of Construction recently submitted a draft to the Municipal People's Committee to amend and supplement Decision No. 14/2026/QD-UBND. The draft seeks to adjust income coefficients and add policies to make social housing more accessible to local residents.

According to the draft, the adjusted income coefficients reflect HCMC’s actual living conditions while ensuring consistency with the Government’s Decree No. 136/2026/ND-CP. Two proposed coefficient options stand at 1.1 and 1.2.

If approved, the monthly net income requirements will be adjusted for eligible groups, including low-income urban residents, workers, civil servants, and public employees.

Under the 1.1 coefficient scenario, for single individuals, income must not exceed VND27.5 million (over $1,000)/month; single parents, income must not exceed VND38.5 million (nearly $1,500)/month; married couples, total combined income must not exceed VND55 million (over $2,000)/month.

Under the 1.2 coefficient scenario (proposed for households with three or more dependents), for single individuals, income must not exceed VND30 million ($1,140)/month; single parents, income must not exceed VND42 million ($1,600)/month; and married couples, total combined income must not exceed VND60 million ($2,280)/month.

In addition to raising the income ceiling, the draft proposes prioritizing households with three or more dependents, allowing them to select larger apartments or units with two or more bedrooms.

VnEconomy-Thiên Di

Vietnam proposes four key priorities for APEC forestry cooperation

Wed, 29 Jul 2026 23:00:00 GMT

These four areas are crucial for achieving sustainable forestry goals, enhancing forest resilience, and driving green growth across the Asia-Pacific.

Under the theme Toward an Asia-Pacific that advances forest resilience and ecological well-being for all, the 2026 APEC Ministerial Meeting on Forestry, held from July 27–28 in Shenzhen, Guangdong Province, China, brought together leaders, experts, and scholars from 21 APEC member economies and various international oỏganizations, including a Vietnamese delagation, led by Deputy Minister of Agriculture and Environment Nguyen Quoc Tri.

Participants shared experiences in the conservation and sustainable use of forest resources, the realization of eco-product values, and the promotion of science and technology-driven development, while discussing strategies to strengthen regional forestry cooperation.

During the conference, Deputy Minister Nguyen Quoc Tri delivered a keynote presentation, highlighting Vietnam’s sustainable forest management to enhance forest ecosystem resilience and improve ecological well-being.

Drawing from Vietnam’s practical forestry development, he proposed that APEC economies focus their cooperation on four major priorities:

First, accelerating the sharing of knowledge, science, and technology to enhance the resilience of forest ecosystems against the increasing impacts of climate change.

Second, promoting green finance, developing carbon credit markets, and establishing long-term investment mechanisms for forest conservation, restoration, and development.

Third, strengthening research cooperation, biodiversity conservation, and the sustainable management of transboundary ecosystems to protect the region’s shared natural heritage.

Fourth, building legal, transparent, and responsible timber supply chains that adapt to the evolving requirements of international trade.

"Vietnam is committed to being a reliable and responsible partner. We are always ready to share experiences and foster cooperation with APEC economies to build healthier forests and contribute to the sustainable development of the region," said Deputy Minister Tri.

He emphasized that these four areas are crucial for achieving sustainable forestry goals, enhancing forest resilience, and driving green growth across the Asia-Pacific.

The 2026 APEC Ministerial Meeting on Forestry concluded with a broad consensus and the adoption of a Joint Statement. The declaration reaffirms the commitment of APEC economies to biodiversity conservation, strengthening law enforcement to prevent the illegal trade of forest products, and integrating sustainable forest management into national economic development strategies and policies.

Furthermore, the Statement calls for increased investment and the expansion of financial opportunities for forestry development and legal timber trade, tailored to the specific conditions and development priorities of each member economy.

Vietnam is scheduled to serve as the host for APEC forestry activities in 2027, under the spirit of "Partnership – Cooperation – Innovation – Sustainable Development."

VnEconomy-Chu Khôi

HCM City to invest over $275m in flood control projects in 2026

Wed, 29 Jul 2026 07:12:00 GMT

The move aiming to improve drainage capacity and address persistent flooding.

Ho Chi Minh City will implement a combination of infrastructure and non-structural measures to improve drainage capacity and address persistent flooding, with plans to complete nine projects worth more than VND7.15 trillion ($275 million) during the 2026 rainy season.

These projects are expected to eliminate flooding at three of the city's 50 major flood hotspots, defined as locations where floodwater exceeds 30 cms in depth and remains for more than 30 minutes.

This is part of the city’s 2026 drainage and flood control plan, which has been approved by the municipal People’s Committee, aiming to eliminate flood-prone locations, upgrade major drainage corridors, and combine flood prevention works with urban renewal and the relocation of houses along rivers and canals.

Under the plan, the city will review and assess existing drainage master plans, including those previously approved for Ho Chi Minh City, Binh Duong and Ba Ria–Vung Tau before their administrative merger, to develop updated solutions aligned with an integrated, multi-basin flood management strategy.

Authorities will also revise the city's Flood Control and Wastewater Treatment Master Plan for 2020–2045 and its Flood Control and Wastewater Treatment Plan for 2020–2030. The revised plans will include assessments of existing drainage infrastructure, updated climate change, sea-level rise and land subsidence scenarios, as well as studies on smart drainage management solutions such as geographic information systems (GIS), artificial intelligence (AI), real-time data, retention reservoirs and other nature-based solutions.

-Thiên Ân

Vietnam, Cambodia target $20 billion in bilateral trade

Wed, 29 Jul 2026 03:00:00 GMT

Both sides agree to accelerate connectivity in transport infrastructure, border gates, logistics and supply chains to facilitate trade and investment, as part of measures to fulfil the goal.

Vietnamese National Assembly Chairman, Mr. Tran Thanh Man, and Cambodian National Assembly President, Samdech Khuon Sudary, during their talks in Hanoi on July 28, agreed to work toward raising bilateral trade to $20 billion.

The meeting took place as Cambodian NA President Khuon Sudary paid an official visit to Vietnam from July 27 to 29, 2026.

The two leaders agreed to continue effectively implementing commitments and agreements reached by the senior leaders of the two parties and countries, while enhancing high-level exchanges and improving the effectiveness of bilateral cooperation mechanisms.

Both sides also pledged to accelerate connectivity in transport infrastructure, border gates, logistics and supply chains to facilitate trade and investment, with the goal of increasing two-way trade to $20 billion in the coming years.

-Dũng Hiếu

Fruit and vegetable exports surpass $1bln monthly milestone for the first time

Tue, 28 Jul 2026 23:00:00 GMT

China remains the largest export market for Vietnamese fruits and vegetables.

Vietnam’s fruit and vegetable exports in July 2026 reached approximately $1.06 billion, a 38% increase compared to the same period in 2025, marking a milestone that for the first time the product group's monthly export turnover has surpassed the $1 billion threshold, according to the Vietnam Fruit and Vegetable Association (Vinafruit).

For the first seven months of 2026, the product group's cumulative export turnover reached approximately $4.76 billion, representing a 23% year-on-year increase.

These results reflect a strong recovery for the fruit and vegetable sector following a period of volatility. It also underscores the effectiveness of efforts to improve product quality, diversify markets, and better meet the increasingly stringent standards of importing markets.

Durian remains the dominant driver

Durian continues to be the flagship export item, contributing more than 50% of the group's total turnover and serving as a vital engine for its growth.

"Standardized supply, low heavy metal residue levels in key growing regions across the Central Highlands and the Southeast region, and strict quality control from harvest to packaging have enabled businesses to successfully bring durian back to major markets like China and Thailand," Vinafruit noted.

Domestic durian prices are also showing signs of recovery after a long stagnant period. According to several exporters, prices have risen by approximately VND5,000–7,000 ($0.18 - 0.26)/kg over the past week, depending on the variety. While Vietnamese durian faced intense competition from Thai supply in previous months, Thailand has now concluded its harvest season. Meanwhile, Vietnam is entering its peak season, creating a clear competitive advantage in the global market.

In addition to durian, several other commodities including coconut, mango, banana, passion fruit, and processed products have also recorded positive growth.

Continued market expansion

China remains the largest export market for Vietnamese fruits and vegetables. In the first half of 2026, exports to China reached approximately $2 billion, a 24.7% increase, accounting for 55% of the industry’s total export turnover.

Alongside this primary market, high-value markets continue to show positive trends. The United States was the second-largest export market, with turnover reaching $292.1 million in the first half of 2026, an 11.7% increase over the same period last year, accounting for 7.9% of the total export value. The EU ranked third with $214.4 million, a 31.8% increase compared to the previous year, representing 5.8% of the total exports. South Korea held the fourth position with $170.4 million in turnover, up 8.1% year-on-year, representing 4.6% of the total.

Within the EU, the Netherlands is the largest importer of Vietnamese produce, with a turnover of $117 million (up 46.8% and accounting for 54.6% of total exports to the region). Germany followed with $58.4 million (up 47%), while France accounted for 14.7% of the regional share.

VnEconomy-Chu Khôi

Operational regulations for IFC issued

Tue, 28 Jul 2026 07:20:00 GMT

The regulations detail financial mechanisms, the selection of investors and contractors, member registration, and coordination protocols between relevant authorities.

Deputy Prime Minister Nguyen Van Thang, Chairman of the Executive Council for the Vietnam International Financial Center (VIFC), has signed Decision No 05/QD-HDDHTTTC issuing the operating regulations for the center, according to a report by the online newspaper of Radio the Voice of Vietnam.

The document outlines the operations of the executive agencies for the VIFC in Ho Chi Minh City (VIFC-HCMC) and Da Nang (VIFC-DN). It also details financial mechanisms, the selection of investors and contractors, member registration, and coordination protocols between relevant authorities.

Under the regulations, the two executive agencies are designated as specific administrative bodies under the respective City People’s Committees. They are tasked with state management and the direct administration of IFC activities within their jurisdictions. Should unforeseen issues arise or disagreements occur between agencies, the executive agency is responsible for summarizing the matter and reporting to the Executive Council for the VIFC or higher competent authorities for a final decision.

The executive agencies are entrusted with several key responsibilities, including investment promotion, international cooperation, and the attraction of financial institutions and high-quality human resources. They are also tasked with developing growth strategies for the local IFC and providing periodic progress reports to the Executive Council and the respective City People’s Committees.

Notably, the executive agencies are authorized to hire domestic and foreign organizations and experts to provide consultancy on legal frameworks, development strategies, investment promotion, technology, member management, and digital infrastructure. Furthermore, they are empowered to establish advisory councils and expert groups to assist in the appraisal, licensing, and management of their respective IFC's operations.

VOV-

Central Steering Committee for national target program on drug prevention and control set up

Tue, 28 Jul 2026 01:30:00 GMT

The committee is headed by Deputy Prime Minister Pham Thi Thanh Tra, who will be assisted by Minister of Public Security General Luong Tam Quang as deputy head.

Under Prime Ministerial Decision No. 1356/QD-TTg, signed by Prime Minister Le Minh Hung on July 22, the Central Steering Committee for the national target program on drug prevention and control till 2030 has been set up.

The committee is headed by Deputy Prime Minister Pham Thi Thanh Tra, who will be assisted by Minister of Public Security General Luong Tam Quang as deputy head.

The committee is responsible for advising the Prime Minister on strategic directions and policy measures for directing and administering key issues related to the management and implementation of the national target program, according to the Government News.

It also assists the Prime Minister in directing, managing, and coordinating activities among ministries, central agencies, and local authorities in implementing the program.

It is responsible for overseeing and urging ministries, central agencies, and local governments to review and evaluate the program's implementation results, as well as developing the implementation plan for the 2026–2030 period.

-Khanh Van

Strategy to turn lobster into a billion-dollar export industry

Mon, 27 Jul 2026 23:30:00 GMT

Vietnam’s lobster exports reached approximately $585 million in the first half of 2026, marking a significant 44.3% increase compared to the same period last year.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), this volume accounts for 10.1% of the country’s total seafood export turnover and nearly 25% of Vietnam’s total shrimp and lobster export value.

While shrimp has long been the leading product group in the seafood industry, the composition of exports has shifted dramatically over the past decade. From being the third-largest export item in 2020, lobster has surpassed black tiger shrimp to become the second-highest value product, trailing only white-leg shrimp.

VASEP data shows that in 2025, lobster export turnover reached approximately $858 million, with China alone accounting for $841 million—representing over 98% of the total. In the first half of 2026, this proportion rose further to roughly 98.5%. These figures highlight the clear potential for lobster to become a strategic seafood commodity.

VASEP analysts point out that Vietnam’s competitive advantage in lobster lies in its geographical proximity to China. This facilitates live transport, shorter delivery times, and competitive logistics costs. Furthermore, Vietnamese lobster is well-suited for the mid-to-high-end restaurant segment in China.

Additionally, global trade fluctuations, tariffs, and competition among suppliers such as Canada, the United States, and Australia are creating market gaps for Vietnam to solidify its position.

From a market and enterprise perspective, VASEP argues that lobster should be approached as a high-value seafood industry with its own dedicated development strategy, rather than just a short-term growth group. To realize the goal of turning lobster into a billion-dollar export industry, VASEP has proposed four key groups of solutions.

First, develop a comprehensive strategy to elevate lobster into a strategic industry aimed at a billion-dollar turnover. This includes synchronizing production zoning with infrastructure for live-seafood logistics, packaging facilities, quality standards, and traceability.

Second, prioritize technical negotiations with China to remove barriers for ornate rock lobsters. This involves clarifying requirements for F2 seeds, scientific documentation, and origin records, as well as establishing a controlled transition mechanism for commercial products from certified farming areas.

Third, provide guidance for farmers, cooperatives, and enterprises to fully comply with market requirements. This includes securing farm and packhouse codes, maintaining farming logs, and strictly controlling seeds, feed, veterinary drugs, chemical residues, quarantine, food safety, and shipment documentation.

Fourth, establish a specialized market information and early warning system for the lobster industry. This system would monitor changes in import regulations, border status, tariffs, seasonal demand, price fluctuations, and competition from Canada, the US, Australia, and other suppliers.

VnEconomy-Chu Khôi

Thanh Hoa aims to become centrally-run city after 2030

Mon, 27 Jul 2026 08:30:00 GMT

The province also targets an export turnover of $15 billion, the establishment of 15,000 new enterprises, and an urbanization rate of at least 50%.

Under its recently adjusted master plan for the 2021-2030 period, with a vision toward 2050, central Thanh Hoa province has officially established the goal of transforming the province into a centrally-run city after 2030.

The locality is envisioned to become a modern and smart urban center, serving as a new growth pole for Vietnam's North Central region and the country as a whole.

According to the adjusted planning, Thanh Hoa aims to maintain an average annual GRDP growth rate of at least 11% through 2030. The digital economy is expected to contribute approximately 30% of the provincial GRDP, while the processing and manufacturing sector will account for a minimum of 36%, continuing its role as the primary engine of economic expansion.

The province also targets an export turnover of $15 billion, the establishment of 15,000 new enterprises, and an urbanization rate of at least 50%.

To realize these ambitions, the plan outlines a development model built upon five key economic pillars: processing and manufacturing; agriculture; tourism; science, technology, and digital transformation; and logistics and port services. The province's development space will be organized into three distinct zones—coastal, plains, and midland/mountainous—to ensure the harmonious exploitation of each region's specific potential.

A focal point of the planning is the formation of five dynamic economic centers designed to drive regional growth. The Nghi Son Economic Zone will continue its transformation into a national-scale hub for industry, energy, and logistics, while the Thanh Hoa Urban Area will maintain its role as the province's administrative, political, and cultural heart.

Meanwhile, Sam Son is set to become a premier national and international coastal tourism destination, Bim Son will focus on industrial and commercial development as a northern gateway, and the Lam Son - Sao Vang area will emerge as a new growth pole integrated with high-tech agriculture and airport services.

In tandem with these hubs, Thanh Hoa will develop six strategic economic corridors. This network is designed to create seamless connectivity between the dynamic centers and the province’s system of seaports, airports, and international border gates, thereby expanding development space and enhancing regional integration.

The master plan further emphasizes four strategic breakthroughs: perfecting institutional frameworks, developing modern infrastructure, promoting digital transformation and innovation, and enhancing the quality of human resources.

VnEconomy-Thiên Anh

First made-in-Vietnam aluminum ingot products announced

Mon, 27 Jul 2026 08:00:00 GMT

After more than 11 years of investment and construction, the Dak Nong Aluminum Electrolysis Plant successfully produced its first aluminum ingot with a purity of 99.71 percent, becoming the first facility in Viet Nam to complete the full value chain from bauxite mining and alumina refining to aluminum electrolysis.

The first domestically made aluminum ingot products were announced at a ceremony held on July 26 at the Dak Nong Aluminum Electrolysis Plant in Nhan Co Industrial Park, Nhan Co Commune, Lam Dong Province.

Thus, Vietnam has successfully produced its first domestically made aluminum ingot products, marking the completion of the country's bauxite–alumina–aluminum production chain and a major milestone in the development of its metallurgy and deep-processing industries, the Government News remarked in its news story on the event.

After more than 11 years of investment and construction, the Dak Nong Aluminum Electrolysis Plant successfully produced its first aluminum ingot with a purity of 99.71 percent, becoming the first facility in the country to complete the full value chain from bauxite mining and alumina refining to aluminum electrolysis.

The plant's first phase has an annual production capacity of 150,000 tons. Output is expected to increase to 300,000 tons by the end of 2026 before reaching its designed capacity of 450,000 tons per year in the first quarter of 2027.

It is expected that once operating at full capacity in 2027, the plant would generate production value of approximately VND35-36 trillion, thus helping reduce aluminum imports by an estimated $1.5 billion each year.

General Phan Van Giang, Politburo member, Deputy Prime Minister and Minister of National Defense, was quoted by the Government News as saying at the ceremony that the successful production of the first aluminum ingot is a historic milestone for Vietnam's metallurgy industry, adding that it demonstrates the country's determination to develop deep-processing mineral industries, enhance value addition and strengthen economic self-reliance.

The Deputy Prime Minister on ministries and relevant agencies to continue improving policies for the development of the aluminum industry, while supporting enterprises in mastering advanced metallurgical technologies, training high-quality human resources and accelerating digital transformation in production.

He said the project reflects the growing technological capability, management capacity and skilled workforce of Vietnamese enterprises, enabling the country to shift from exporting raw materials and semi-finished products toward producing strategic industrial materials.

Domestically produced aluminum is expected to serve key sectors, including electricity, mechanical engineering, automobile manufacturing, railways, aviation, defense, construction and high-tech industries.

Vietnam is estimated to possess around 5.8 billion tons of bauxite resources, most of which are located in the Central Highlands.

-Khanh Chi

Unprecedented tax incentives proposed to boost Vietnam's gaming industry

Sun, 26 Jul 2026 23:00:00 GMT

Specifically, publishing enterprises would be exempt from corporate income tax for two years, followed by a 50% tax reduction for the next four years on income generated from encouraged game development activities.

The Ministry of Culture, Sports and Tourism on July 23 organized a conference to collect feedback on a draft decree aimed at amending and supplementing Government Decree No. 147/2024/ND-CP regarding the management, provision, and use of internet services and online information.

A landmark feature of this draft is the first-ever formal introduction of the "Vietnamese game" concept, which serves as a legal foundation for applying unprecedented incentive policies to stimulate the domestic production and publishing sector.

To be officially classified as a Vietnamese game under these new regulations, a title must meet specific criteria: it must be produced by a local enterprise that holds legal intellectual property rights to the software, it must incorporate Vietnamese cultural or historical elements, and at least 30% of the personnel directly involved in production must be Vietnamese citizens.

Under the proposed framework, qualifying Vietnamese games will be permitted a trial release period of up to 90 days, with developers required only to notify regulatory authorities at least 10 days prior to the launch.

However, this trial phase is subject to two specific conditions: the total number of players must remain below 10,000, and the game must not generate any revenue.

Nguyen Thi Thanh Huyen, Deputy Director of the ministry's Authority of Broadcasting and Electronic Information, explained that this mechanism is designed to create favorable conditions for businesses—particularly gaming startups—to bring their products to market and gather user feedback for further refinement.

Beyond streamlined testing, the draft offers significant financial support for games that contain educational content or promote Vietnamese cultural and historical values.

Specifically, publishing enterprises would be exempt from corporate income tax for two years, followed by a 50% tax reduction for the next four years on income generated from encouraged game development activities.

Furthermore, experts and employees directly involved in the production of these games would benefit from a personal income tax exemption for two years and a 50% reduction for the following four years on their salaries and wages.

To ensure these incentives are applied accurately, the ministry plans to establish an expert council on culture and history to appraise game content and determine eligibility.

Additionally, the draft decree introduces new regulations for managing imported games, a move intended to resolve existing legal bottlenecks and facilitate the organization of professional e-sports tournaments in Vietnam.

VnEconomy-Hạ Chi

US imposes 12.5% additional tariff on many export items from Vietnam

Sun, 26 Jul 2026 00:35:00 GMT

Under Section 301, starting July 24, 2026, Vietnamese goods entering the United States will be subject to an additional 12.5% tariff, with the exception of those specifically listed for exemption.

The Office of the United States Trade Representative (USTR) on July 23 issued a formal notice announcing the final determination and remedial measures following its investigation under Section 301 of the Trade Act of 1974.

The investigation, which was initiated in March 2026, targeted 60 economies regarding their policies on imported goods produced by forced labor. In its final conclusion, the USTR maintained the allegations from its preliminary report, asserting that all 60 investigated economies have failed, to varying degrees, to meet forced labor criteria as defined by the US.

Based on these findings, President Donald Trump has directed the USTR to implement punitive tariff measures against the 60 involved economies, which collectively account for 99.4% of the total value of goods imported into the US.

The tariff structure is divided into three distinct groups. Group 1 applies an additional 10% tariff to 17 economies, including Argentina, Bangladesh, Cambodia, Canada, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Jordan, Malaysia, Mexico, Pakistan, Sri Lanka, Trinidad and Tobago, and the UK.

Group 2 applies a tariff ranging from 10% to 12.5% based on an "MFN deduction" mechanism. Under this system, the combined total of existing Most Favored Nation (MFN) rates and the new Section 301 forced labor duties is capped at 10% for the European Union and Taiwan (China), and 12.5% for Japan, South Korea, and Switzerland.

Group 3, which includes Vietnam and all other remaining economies, is subject to a flat additional duty of 12.5%.

These tariff measures will apply to all goods from the relevant partners except for those on a specific exemption list. Exemptions generally include humanitarian aid and items for information exchange; goods already subject to Section 232 duties, such as certain steel and aluminum products, derivatives, automobiles, and auto parts; and goods for which there is high demand in the US, such as specific raw materials or agricultural products in short supply. Exemptions may also be granted for goods deemed essential to incentivize partners to eliminate forced labor practices.

Regarding the duration of these measures, Section 301 stipulates that they will automatically expire after four years unless extended.

However, the USTR reserves the right to modify or terminate these actions if circumstances change, such as if a trading partner modifies its policies regarding the practices under investigation.

Consequently, starting July 24, 2026, Vietnamese goods entering the United States will be subject to an additional 12.5% tariff, with the exception of those specifically listed for exemption.

VnEconomy-Vu Khue

Development plan for Vietnam International Financial Center approved

Sat, 25 Jul 2026 06:00:00 GMT

The center is expected to rank among the top 75 financial centers worldwide, top 25 in the Asia-Pacific region, and third in ASEAN, by 2035.

Deputy Prime Minister Nguyen Van Thang, who is also Chairman of the Executive Council for the Vietnam International Financial Centre (IFC), on July 22 signed Decision No. 04/QD-HDDHTTTC of the Executive Council, approving a development plan for the IFC until 2035

Under the plan, the IFC aims to develop into a key driver for mobilizing, allocating, and efficiently utilizing domestic and international financial resources, thereby promoting rapid and sustainable economic growth while improving the quality and efficiency of the economy.

Accordingly, the IFC is expected to rank among the top 75 financial centers worldwide, top 25 in the Asia-Pacific region, and third in ASEAN, by 2035.

It also seeks to gradually enhance Vietnam's position and role in the regional and global financial network, the Government News remarked in its news story on the development plan.

For the 2026–2030 period, the plan targets the comprehensive development of a special legal and institutional framework, governance, operational, and supervisory mechanisms for the IFC in line with international standards, ensuring transparency, safety, and efficiency. During this phase, priority financial products and services will be piloted and launched, the news story further reported.

Core financial, digital, social, and legal infrastructure supporting the center's operations will also be established and put into operation, it said.

The plan further aims to attract major international financial institutions, investment funds, banks, professional market participants, and high-quality financial talent, laying the foundation for the center's sustainable development and deeper international integration in subsequent phases.

During the 2031–2035 period, the plan envisions expanding and enhancing a modern financial ecosystem encompassing capital markets, green finance, digital finance, and financial technology (fintech), while increasing the diversity, depth, and connectivity of the IFC.

The center is expected to evolve into a major hub connecting international capital flows and establishing a prominent position within the Asia-Pacific and global financial networks.

Development orientation for IFC in Ho Chi Minh City and Da Nang

According to the plan, the IFC in Ho Chi Minh City will be developed into a comprehensive and diversified international financial hub, focusing on:

(1) Developing capital markets and providing both traditional and specialized financial services while maximizing synergies among capital raising, investment, payment, issuance, and trading of financial products;

(2) Asset management, fund management, green finance, and digital finance; and

(3) Commodity markets and commodity derivatives linked to international trade and logistics.

Meanwhile, the IFC in Da Nang will be positioned as an innovation- and fintech-driven financial hub, focusing on:

(1) Digital assets, digital payments, and asset tokenization;

(2) Establishing and operating specialized trading platforms and exchanges;

(3) Financial services liked with innovation, startups, trade finance, supply chain finance, and sustainable finance; and

(4) Regulatory sandbox mechanisms for testing financial technologies, products, services, and business models.

The plan also calls for the development of competitive incentive mechanisms and policies, along with improved access to infrastructure supporting the IFC.

Administrative procedures will be standardized and digitized to shorten processing times, improve the quality of public services, and create a more favorable business environment for investors and center participants.

In addition, the Government will develop integrated financial, digital, data, transport, and high-quality urban infrastructure to ensure seamless domestic and international connectivity and support the center's continuous, secure, and efficient operations.

The plan also emphasizes the need for the development of a highly skilled workforce for the IFC.

It also covers special visa, residency, and incentive policies to attract international experts in finance, technology, and legal services to work at the center.

-Khanh Van

The third plenum of the Party Central Committee closed

Sat, 25 Jul 2026 00:45:00 GMT

The plenum approved a resolution on renewing Vietnam’s development model, describing the undertaking as significant for shaping the country’s development model through 2045 and beyond.

The 5-day third plenum of the 14th Party Central Committee closed in Hanoi on July 24, with many important decisions adopted, including a resolution on renewing Vietnam’s development model.

Party General Secretary and State President To Lam was quoted by the Vietnam News Agency as stating in his closing speech that the Party and the entire political system have to quickly turn major policies adopted at the third plenum of the 14th Party Central Committee into real actions and tangible results, emphasising that every decision must result in implementation.

The leader said the Party Central Committee reached broad consensus on major decisions concerning Party building, the political system, and national development and defence, and had approved the plenum’s resolution and other documents on the agenda.

According to General Secretary and President Lam, the committee noted that the rollout of the 14th National Party Congress Resolution and other key strategic resolutions picked up speed in the first half of 2026. The restructured political system has been running smoothly and is starting to show results.

However, implementation remains the biggest bottleneck, he said, pointing out that authority in some cases has not been matched by accountability. Decentralisation has yet to be fully aligned with resources, data, tools, officials' capacity and oversight, while resources remain fragmented. Growth has yet to be driven by productivity and domestic strengths, and forecasting and risk prevention in some sectors and localities have not kept pace with changing conditions.

Given this, he stressed that these issues must be addressed at their root through coordinated reforms in institutions, organisation, personnel and leadership and governance methods, linking Party building with national governance, socio-economic development and national defence.

Regarding Party and political system building, committee members consented to continue improving the functioning of agencies, and to issue new regulations on what Party members must not do, meeting the requirements of the new situation and ensuring consistency with other Party regulations, the leader said.

Party General Secretary and State President To Lam is delivering a speech at the closing session of the 3rd plenum of the 14th Party Central Committee on July 24. - (Photo: VGP)

The plenum approved in principle the establishment of Quang Ninh and Bac Ninh cities, as well as orientations for amendments to the Land Law and related legislation.

The committee also agreed to issue a new resolution on developing Vietnam into a strong maritime nation, defining the sea as a strategic space for the country's survival, development and national defence. It said the development of a modern marine economy must go hand in hand with protecting marine ecosystems, improving people's livelihoods and safeguarding national sovereignty.

The committee set the goal of economic growth of at least 10% in 2026 while maintaining macroeconomic stability, controlling inflation and ensuring major economic balances, jobs, incomes and social welfare. It approved a resolution on renewing Vietnam’s development model, describing the undertaking as significant for shaping the country’s development model through 2045 and beyond.

It endorsed major orientations for a national security strategy that places security within the overall development of the country and calls for early identification, prevention and handling of traditional and non-traditional risks. It also adopted conclusions on environmental protection and proactive climate change response.

Every decision must clearly identify the lead agency, responsible focal point, authority, conditions for implementation, timeline and expected outputs, the General Secretary and President stressed, noting that regular inspection and supervision are required to enable timely warnings and adjustments, while actual results and the satisfaction of people and businesses should serve as key criteria for assessing organisations and officials, particularly those in leadership positions.

Calling for the immediate translation of policy consensus into action, he outlined five priorities - identifying key tasks and breakthroughs; ensuring the Party’s unified leadership and coordinated implementation; clearly defining responsibilities among the central, provincial and commune-level authorities; turning each decision into a concrete action programme and plan with clear resources, roadmaps, outputs and accountability; and strengthening inspection and supervision based on data, outputs and actual results.

He said the central, provincial and grassroots levels must operate smoothly and coordinate closely, with the grassroots level serving as the frontline of public governance and directly addressing issues arising from the daily lives and needs of people and businesses.

The top leader asked for implementation progress to be incorporated into every task, with the performance of officials, particularly leaders, assessed based on actual results. He urged the authorities to commend those with outstanding performance and protect officials who dare to innovate, while strictly dealing with avoidance of responsibility, delays, and formalistic implementation.

He said that the success of the plenum was only a beginning. Amid a rapidly changing and complex global situation, Vietnam must remain steadfast in its goals and principles, strengthen unity and discipline, and act proactively and creatively while taking responsibility for the common interest.

On the occasion of the 79th anniversary of War Invalids and Martyrs' Day (July 27, 1947–2026), the Party and State leader expressed deep gratitude to people with meritorious services to the nation and called for continued care for their families, as well as the 500-day campaign to search and identify martyrs’ remains.

-Van Nguyen

Importation and exportation of goods produced by forced labor are not allowed

Fri, 24 Jul 2026 08:30:00 GMT

The ban is regulated by the Government’s Decree No. 292/2026/ND-CP dated July 22, 2026.

The importation of products and goods mined, produced, or manufactured wholly or in part by forced labor from countries, or territories to Vietnam is strictly prohibited, as regulated by the Government’s Decree No. 292/2026/ND-CP dated July 22, 2026 on detailed implementation of several articles of the Law on Foreign Trade Management, according to a report by the Government News.

Specifically, Article 5 of Decree No. 292/2026/ND-CP on goods prohibited from export and import provides as follows:

1. Goods prohibited from export and import shall comply with the provisions of prevailing legal documents and the List of Goods prohibited from export and import prescribed in Appendix I promulgated together with this Decree.

2. Based on Appendix I of this Decree and prevailing legal documents, Ministers and Heads of ministerial-level agencies shall be responsible for promulgating detailed lists of goods prohibited from export and import together with their Harmonized System (HS) codes, except where prevailing laws have already provided detailed regulations on the HS codes for such goods.

Goods prohibited from export and import under the provisions of Appendix I of this Decree are goods with HS codes and detailed goods descriptions belonging to the detailed Lists published by Ministers and Heads of ministerial-level agencies.

3. The approval for the export and import of goods prohibited from export and import under Clause 2, Article 10 of the Law on Foreign Trade Management and Clause 1, Article 28 of the Government's Decree No. 146/2025/ND-CP on decentralization and delegation of authority in the industrial and commercial sectors shall be executed in accordance with Clauses 4 and 5 of this Article.

Where necessary, Ministers and Heads of ministerial-level agencies shall promulgate legislative documents detailing the licensing of exported and imported goods prescribed in this Clause.

4. An application dossier for permission to export or import goods prohibited from export and import under Clause 3 of this Article shall include:

a) An application form for the export or import of goods prohibited from export and import made according to Form No. 01 in Appendix VII attached to this Decree or according to the form prescribed by the Minister or Head of the competent managing ministerial-level agency (if any): 01 original copy;

b) An explanatory document on the plan for use, management process of exported or imported goods during use, and plan for disposal of exported or imported goods after use: 01 original copy;

c) A report on the implementation status of previously issued licenses (if any): 01 original copy; and

d) Other documents and papers prescribed by the Minister or Head of the competent managing ministerial-level agency (if any).

5. Licensing procedure for the export and import of goods prohibited from export and import under Clause 3 of this Article:

a) Traders shall submit an application dossier for the export or import license for goods prohibited from export and import under Clause 4 of this Article to the licensing authority.

b) In case the dossier is incomplete or non-compliant with regulations, within 03 working days from the date of receipt of the dossier, the licensing authority shall notify the trader to supplement and complete the dossier.

c) Within 05 working days from the date of receipt of a complete and valid dossier, the licensing authority shall issue the License to the trader for the export or import of goods. In case of refusal to issue the License, the licensing authority shall respond in writing, clearly stating the reasons therefor.

d) The licensing authority shall specify the validity period of the written approval permitting the trader to export or import goods on a case-by-case basis.

6. The duration for retaining and using imported prohibited goods in Vietnam under Clause 3 of this Article shall be implemented as registered by the trader with the licensing authority, but shall not exceed 02 years.

7. Traders granted export or import licenses under Clause 3 of this Article shall be responsible for submitting a report according to Form BC01 in Appendix VII attached to this Decree to the licensing authority no later than December 31 annually regarding the export, import, and utilization of the goods, as well as the disposal of the goods after use.

List of goods prohibited from export and import

Appendix I promulgated together with Decree No. 292/2026/ND-CP specifically regulates the List of goods prohibited from export and import.

In particular, the List of goods prohibited from export includes items such as: Weapons, ammunition, explosives; round timber and sawn timber of all kinds from domestic natural forests; rough diamonds prohibited from export under the Kimberley Process Certification Scheme; electronic cigarettes, heated tobacco products.

The List of goods prohibited from import includes: Weapons, ammunition, explosives; fireworks and pyrotechnics of all kinds (excluding maritime safety signal flares used in accordance with the guidance of the Ministry of Construction), sky lanterns, and speed camera jamming devices; electronic cigarettes, heated tobacco products; used consumer goods; used vehicles (including the following categories: a) Textiles, garments, footwear, and apparel; b) Electronic goods, refrigeration equipment, and household electrical appliances; c) Interior decorations; d) Household utensils made of ceramics, porcelain, glass, metal, plastic, synthetic materials, and other materials; e) Bicycles, motorcycles, and mopeds); used medical devices; goods that are used digital technology products.

Notably, the Decree strictly prohibits the importation of products and goods mined, produced, or manufactured wholly or in part by forced labor from enterprises, countries, or territories in accordance with relevant international treaties to which the Socialist Republic of Vietnam is a contracting party.

Two El Niño risk scenarios projected for Vietnam in 2026-2027

Fri, 24 Jul 2026 07:20:00 GMT

According to the Vietnam Meteorological and Hydrological Administration, the emergence of El Niño poses significant challenges, increasing the risk of prolonged heatwaves, seasonal rainfall shortages, and depleted water sources.

The Vietnam Meteorological and Hydrological Administration (VNMHA) has outlined two risk scenarios "High Risk and Very High Risk" for the 2026-2027 El Niño, warning of significant impacts on the nation’s water resources, hydropower generation, and agricultural production.

Against the backdrop of record-high global average temperatures, the 2026-2027 El Niño phenomenon has officially formed and is developing rapidly. Forecasts indicate a very high probability (over 95%) that El Niño will persist through the second half of 2026 and into 2027. Its intensity is expected to be moderate to strong, with the possibility of developing into a "very strong" event.

According to VNMHA, the emergence of El Niño poses significant challenges, increasing the risk of prolonged heatwaves, seasonal rainfall shortages, and depleted water sources. These factors lead to severe drought and saltwater intrusion, particularly in the South Central Coast, the Central Highlands, and the Mekong Delta.

The High Risk scenario reflects a situation where El Niño maintains moderate to strong intensity before weakening in the early months of 2027. Under this scenario, average temperatures across the country are projected to be 0.5–1°C higher than the multi-year average. The number of hot days will increase, especially in the North, North Central, South Central Coast, Central Highlands, and the South. Heatwaves are likely to arrive earlier and last longer than average, driving up demand for electricity, domestic water, and irrigation.

Rainfall during the 2026 rainy season is projected to be 10–20% below average, with localized deficits exceeding 25% in the South Central Coast. River flows in many basins are expected to decrease by 10–20%, hindering the water storage capacity of reservoirs ahead of the dry season.

The agency warns that the threat of drought, water shortages, and saltwater intrusion will remain high, concentrated in the South Central Coast, Central Highlands, and the Mekong Delta. Key sectors expected to face significant impacts include water resources, agriculture, energy, domestic water supply, forest fire prevention, and food security.

Under the Very High Risk scenario, average temperatures nationwide could rise 1–2°C above the multi-year average. Heatwaves are likely to occur earlier, last longer, and become more intense, particularly from March to June 2027.

Rainfall during the 2026 rainy season may see a widespread deficit of 20–40%, with localized drops exceeding 50% in the South Central Coast. Flow in many river basins could decrease by 20–40%, significantly reducing the water storage capacity of irrigation and hydropower reservoirs.

If El Niño persists into the seasonal transition period, the 2027 rainy season risks starting later than usual, especially in the Central Highlands and the South. This would prolong water shortages and delay the recovery of water sources, pushing the threat of drought and saltwater intrusion to critical levels.

Notably, the very high-risk scenario could trigger a "compounding effect" between prolonged heatwaves, a delayed 2027 rainy season, low reservoir levels, and a declining trend in upstream Mekong River flows caused by increased water extraction and regulation by riparian countries.

Should upstream Mekong flows remain low, saltwater intrusion in the Mekong Delta could reach levels comparable to the most severe El Niño events in history. Many small and medium-sized reservoirs in the South Central Coast and Central Highlands are at risk of failing to reach the necessary water levels for agricultural production and domestic supply.

VNMHA noted that these two scenarios serve as a meteorological basis for management agencies and local authorities to reference when developing response plans; they do not replace official disaster forecasts or executive decisions made by competent authorities.

Beyond providing meteorological data, the report quantifies direct risks to the economy. These range from water security and agriculture (warning of potential impacts on approximately 350,000 hectares of Winter-Spring rice in the Mekong Delta) to energy security (the risk of water shortages for hydropower generation, particularly on the Da River system during the May–June 2027 peak). Conversely, the report also identifies "conditional opportunities" for Vietnam to increase its agricultural export value if water resources are effectively managed.

VnEconomy-Đỗ Phong

Resolution 16-NQ/TW establishes Dong Nai as a new national growth pole

Fri, 24 Jul 2026 02:00:00 GMT

By 2065, the southern city is envisioned as a globally connected destination, ranking among the world's elite multi-functional airport urban areas with superior quality of life.

The Politburo has issued Resolution No 16-NQ/TW on the development of Dong Nai City to 2035, with a vision extending to 2065.

Setting out long-term growth targets and eight strategic task categories, the Resolution aims to turn the southern city into a national multi-functional growth engine, fueled by its core 'airport city' development model.

The Resolution establishes a comprehensive 40-year growth framework and development roadmap for Dong Nai, positioning it as a strategic gateway for the Southern Key Economic Region. The city is set to become a vital link connecting the Southeast, South Central Coast, Central Highlands, and the Mekong Delta with both regional and international markets.

A key highlight of this development orientation is the adoption of a new growth model driven by science, technology, innovation, and digital transformation. This strategy aims to transform Dong Nai into a multi-functional growth pole, leading the way in aerospace industries, high-tech manufacturing, logistics, border trade, and high-tech agriculture—all centered around its strategic status as a world-class "Airport City" (Aerotropolis).

The Resolution outlines a long-term vision across three critical milestones.

By 2035, Dong Nai strives to become a multi-center urban area characterized by its "airport city" and "riverside city" models, featuring an international-standard high-tech industrial and aviation economy.

By 2045, the city aims to become a modern aviation hub for the Asia-Pacific region, with a high Human Development Index (HDI).

By 2065, Dong Nai is envisioned as a globally connected city, ranking among the world's elite multi-functional airport urban areas with superior quality of life.

Regarding economic targets, the Resolution sets an ambitious GRDP growth goal of at least 10% per annum for three consecutive phases.

Under this trajectory, the city's economic scale is projected to expand approximately 13.6 times over 35 years—surging from $44 billion in 2030 to $600 billion by 2065. During the same period, per capita GRDP is expected to increase more than sevenfold.

To realize these objectives, Resolution 16-NQ/TW identifies eight core task groups and primary solutions, ranging from institutional reforms to the cultivation of a robust aviation ecosystem.

VnEconomy-Nguyệt Hà

Ninh Binh develops plan to become a centrally-run city by 2030

Thu, 23 Jul 2026 23:30:00 GMT

The Government has directed northern Ninh Binh province to effectively implement the its Master Plan for 2021-2030, with a vision toward 2050.

The Government has directed northern Ninh Binh province to effectively implement the its Master Plan for 2021-2030, with a vision toward 2050. Concurrently, the province must urgently prepare a scheme to become a centrally-run city by 2030, positioned as a "Millennial Heritage City."

In terms of infrastructure, the province is urged to focus on developing strategic transport axes and researching the formation of key economic zones and maritime economies. Priority will be given to high-speed railways, deep-sea ports integrated with coastal urban areas, tourism ports, and digital infrastructure.

The Government also requested the expansion of heritage links between Trang An – Bai Dinh – Tam Chuc and the complexes of Hoa Lu – Phu Day – Tran Temple – Phat Diem – Xuan Thuy. This initiative aims to create momentum for a large-scale regional tourism chain.

Furthermore, the locality needs to continue perfecting its two-level local government model, building a digital data system, and implementing a KPI-based officer assessment framework. The province aims to boost administrative reform on digital platforms, striving to reduce processing time by 50% and administrative compliance costs by 50% in 2026 compared to 2024.

According to the conclusions of Deputy Prime Minister Nguyen Van Thang following a recent working session with provincial leaders, Ninh Binh’s socio-economic landscape recorded several outstanding highlights in the first half of 2026.

The province's Gross Regional Domestic Product (GRDP) grew by 11.44%, surpassing the initial target of 11.38%. This growth rate ranks Ninh Binh first in the Red River Delta and second among 34 provinces and cities nationwide.

The economic structure continues to shift positively: the agriculture, forestry, and fishery sector grew by 2.61%; industry and construction rose by 16.52%; and services increased by 9.8%. Notably, industry remains the primary growth driver, with the industrial production index surging by 27.26%.

Commercial, service, and tourism activities have shown a strong recovery. Total retail sales of goods and consumer services revenue increased by 21.4%, while export turnover rose by 52.3%, reaching more than half of the annual plan.

Ninh Binh’s Public Administration Reform (PAR) Index is ranked 4th out of 34 localities; its Provincial Competitiveness Index (PCI) is in the top 18; and the Satisfaction Index of Public Administration Services (SIPAS) stands at 18th.

One of the province's key upcoming tasks is to accelerate the progress of major projects, resolve long-standing issues related to land and planning, and decisively promote the disbursement of public investment capital in the second half of the year.

VnEconomy-Thiên Anh

Navigating hurdles for Vietnamese exports to conquer the Turkish market

Thu, 23 Jul 2026 08:30:00 GMT

Turkey is a large-scale economy serving as a regional hub and has an increasing demand for Vietnam’s core strengths, such as agricultural products, food, tea, coffee, spices, and seafood.

Amidst significant fluctuations in global supply chains, Turkey has emerged as a key market and a vital trade gateway connecting the three continents of Asia, Europe, and Africa. However, to convert this potential into actual orders, Vietnamese enterprises must proactively identify challenges regarding technical barriers, financial risk management, and the standardization of Halal requirements.

Speaking at the workshop "Opportunities and Challenges in Developing the Turkish Market" held on July 21, Mr. Ta Manh Cuong, Director of the Trade Promotion and Investment Support Center (Vietnam Trade Promotion Agency, Ministry of Industry and Trade), noted that Turkey is a large-scale economy serving as a regional hub and has an increasing demand for Vietnam’s core strengths, such as agricultural products, food, tea, coffee, spices, and seafood.

In the first half of 2026, where bilateral trade turnover reached $1.39 billion, Vietnam's exports saw an impressive growth of 32% year-on-year. Of note, Vietnam's food and beverage export turnover to this market reached $950 million, a 12.1% increase over the same period last year.

From a macroeconomic research perspective, Assoc. Prof. Dr. Dinh Cong Hoang of the Institute for South Asian, West Asian, and African Studies (Vietnam Academy of Social Sciences) assessed Turkey as a G20 economy with a scale exceeding $1 trillion and a population of approximately 86.1 million.

The country possesses a unique advantage through its Customs Union Agreement with the EU, allowing goods entering Turkey to circulate easily into European markets without facing double tariff barriers, said Mr. Hoang.

“Furthermore, it boasts massive logistics infrastructure—such as the Bosphorus Strait and Istanbul Airport—and an extensive network of Free Trade Agreements (FTAs) with nearly 40 countries. With an annual trade deficit exceeding $100 billion, Turkey has a substantial demand for raw materials and semi-finished goods for processing and re-export.”

Despite the vast room for growth, penetrating deep into the Turkish market poses several difficult questions. Ms. Nguyen Viet Hang, Head of the Vietnam Trade Office in Turkey, pointed out major challenges: phytosanitary barriers, stringent customs procedures, mandatory Halal certification, logistics volatility, high transport costs, and risks of delayed payments.

Starting in July 2026, the Turkish Ministry of Agriculture and Forestry began implementing a 10-step digital inspection process via the GGBS system for imported food, requiring risk management measures to be in place even before goods arrive at the port.

Additionally, high inflationary pressure (with CPI reaching 37.9%) has led Turkish businesses to adopt a "Shrinkflation" strategy—maintaining prices while reducing product volume—and extending payment terms. Exporters often have to provide capital upfront and wait 2–3 months to receive payment, creating a serious "liquidity trap."

Furthermore, a new consumer trend is emerging: Turkish consumers are shifting toward a "spend less, buy smarter" logic. They are prioritizing domestic products over high-end imports, switching from brand loyalty to hunting for promotions and low prices, and favoring natural, additive-free products with sustainable packaging. Convenience and ready-to-eat foods are also on the rise. Consequently, it is difficult for Vietnamese goods to compete solely on high-end brand prestige; instead, they should focus on value for money, competitive pricing, and the integration of B2B channels.

Turning potential into reality

One of the fundamental prerequisites for conquering the Turkish market and the 57 member states of the OIC (Organization of Islamic Cooperation) is compliance with Halal standards. Discussing the new legal framework, Mr. Ramlan Bin Osman, Director of the National Halal Certification Center (HALCERT) under the Vietnam Ministry of Science and Technology, emphasized: "Halal is not just a story about meat or money. In its broader definition, Halal is a quality management system implemented throughout the entire supply chain."

According to Mr. Ramlan Bin Osman, under Decree No. 127/2026/ND-CP, the Government has designated the ministry as the focal point for State management of Halal. This mandate unifies four key stages: Testing, Certification, Labeling, and Traceability. To date, Vietnam has issued seven National Standards (TCVN) regarding Halal and developed a national database to ensure information transparency. Notably, HALCERT has officially received accreditation from the Gulf Accreditation Center (GAC), opening significant opportunities for Vietnamese goods to enter the Middle Eastern and Turkish markets.

Drawing from practical commercial experience, Director of Hanoi Green Cooperative and CEO of HalalViet, Ms. Ba Thi Nguyet Thu, said that the Halal market holds immense potential and vast room for growth for Vietnam’s raw agricultural products, processed foods, and cosmeceuticals.

From her experience, she outlined a six-step roadmap for businesses to effectively penetrate the market: clearly identify product segments; prepare export capacity and certifications early; obtain Halal certification as the strongest "guarantee of trust" for Muslim consumers; standardize documentation, packaging, and labeling (mandatory in English or Arabic); vet partners and select appropriate distribution channels; and provide ample samples during trade promotion activities to allow partners to experience the products firsthand.

To ensure effective entry into the Turkish market, Ms. Thu recommended that the Government promote mutual recognition of Halal standards between Vietnam and international bodies to maximize the impact of Decree 127. She also suggested building a Halal market information portal to help businesses access accurate data. Additionally, she called for training and financial support for small and medium-sized enterprises (SMEs) to maintain long-term Halal certification.

VnEconomy-Song Hà

Argentina places Vietnam at the heart of its global agricultural strategy

Thu, 23 Jul 2026 07:30:00 GMT

Finance Secretary Pablo Quirno identified Vietnam—alongside Singapore, Japan, and India—as a priority market in Argentina’s upcoming agricultural export expansion strategy.

The Argentine government is set to continue expanding its export markets, directing Argentine goods toward key destinations and removing trade barriers to enhance corporate competitiveness.

The Vietnam Trade Office in Argentina quoted the Argentine Finance Secretary Pablo Quirno as making these remarks during "The Business of Feeding" (El negocio de alimentar) seminar, held as part of the 2026 Palermo International Agricultural Exhibition (Expo Rural 2026).

Notably, Mr. Quirno identified Vietnam—alongside Singapore, Japan, and India—as a priority market in Argentina’s upcoming agricultural export expansion strategy.

According to the Vietnam Trade Office, the fact that a Southeast Asian nation is being placed on par with the continent's major economies reflects a clear strategic shift by Argentina toward regions with dynamic growth and large, stable demands for agricultural imports. This also reflects Vietnam’s rising status in the global agricultural supply chain, particularly in supporting industries such as animal feed, food processing, and aquaculture.

Data from the National Institute of Statistics and Censuses of Argentina (INDEC) confirms that agriculture remains the absolute pillar of the South American nation. In the first five months of 2026, Argentina's total export turnover reached $40.36 billion, a 24.3% increase year-on-year. Of this total, processed agricultural products accounted for 30.9% and raw agricultural products 26.6%, together representing nearly 58% of total exports. Agriculture serves not only as the primary source of foreign currency but also as a springboard for Argentina to exert its influence on global food security.

Within this context, Vietnam has emerged as Argentina's leading trade partner in Southeast Asia, with bilateral turnover reaching approximately $1.95 billion in the first five months of 2026. Of this, Vietnam’s imports from Argentina accounted for $1.56 billion, up 28.1% over the same period last year.

Most notably, the group of raw materials for production reached $1.147 billion—a staggering 102.1% increase—accounting for 73.6% of Vietnam's total imports from Argentina.

Corn remains the largest import item, alongside soybeans, vegetable oil, cotton, fishery ingredients, and various other inputs serving the animal feed, food processing, and agricultural production industries.

This trade structure underscores a key reality: Vietnam is no longer merely an end-consumption destination, but has evolved into a hub for processing and value transmission. Raw materials and semi-finished products imported from Argentina are integrated into production lines for animal feed, seafood, and food processing—serving not only a domestic market of 100 million people but also reaching third-party markets through exports. In doing so, Vietnam helps complete and add value to Argentina’s own agricultural supply chain.

Moving beyond pure commodity trading, Vietnamese enterprises now face opportunities for comprehensive cooperation in higher value-added segments. By applying advanced technology to deep processing with Argentine materials, combined with optimizing logistics and warehousing to reduce intercontinental trade costs, Vietnam is poised to become the primary gateway for Argentine agricultural products to penetrate deeper into the ASEAN common market.

VnEconomy-Song Hà

Vietnam, Canada see vast potential for more substantive, effective relations

Wed, 22 Jul 2026 07:40:58 GMT

In his first phone call with Canadian Prime Minister Mark Carney on July 21, Prime Minister Le Minh Hung encouraged Canadian businesses to increase investment in key projects and sectors in Vietnam, including energy, green economy, and circular economy.

In his first phone talks with Canadian Prime Minister Mark Carney on the evening of July 21 (Hanoi time), Prime Minister Le Minh Hung emphasized that there remains significant room and potential for the two countries to expand and develop further their relationship more substantively and effectively, aiming to elevate ties in the near future.

The PM affirmed that Vietnam always considers Canada an important partner in its foreign policy. He noted that the effective implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has turned the two nations into key trade and investment partners, with two-way trade turnover doubling over the past five years.

Furthermore, cooperation in defense, security, development assistance, education and training, and people-to-people exchanges has been actively promoted by both sides, achieving positive progress.

In this spirit, the Government leader proposed that both sides coordinate closely to realize several specific priorities, such as increasing delegation exchanges across all levels and channels, with a focus on facilitating visits by high-ranking leaders.

He requested that Canada continue to open its market to Vietnamese goods, particularly agricultural, forestry, and fishery products. He also encouraged Canadian businesses to increase investment in key projects and sectors in Vietnam, including energy, the green economy, and the circular economy. Additionally, he suggested establishing bilateral cooperation mechanisms for law enforcement.

PM Hung also called for enhanced cooperation in high-quality human resource training in fields such as artificial intelligence (AI), quantum computing, and semiconductors, while maintaining close and effective coordination at multilateral forums.

For his part, PM Mark Carney affirmed that Vietnam is a key partner of Canada within ASEAN and the Indo-Pacific region. He emphasized that the two nations share numerous common interests and a highly dynamic partnership rooted in political trust, expansive trade and investment, and deep people-to-people ties. He committed to working together to promote cooperation and maintain stability and prosperity amidst a rapidly changing and uncertain global environment.

Regarding bilateral ties, PM Carney agreed to work toward upgrading the relationship framework to a new level in the near future and requested that relevant agencies from both sides coordinate closely to prepare for this significant milestone.

He expressed his hope for close coordination to advance shared interests in areas such as sustainable and inclusive development, energy, aerospace, agriculture, food safety, science and technology, and high-quality human resource training.

He also proposed exploring the establishment of direct flights between the two countries and encouraged increasing people-to-people exchanges to build a solid social foundation for the growth of bilateral relations.

The two leaders agreed to strengthen coordination in addressing regional and international challenges. They reaffirmed their support for ASEAN’s centrality as well as the positions of both ASEAN and Vietnam regarding the peaceful resolution of sovereignty disputes in the East Sea (internationally known as the South China Sea), based on international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS 1982).

PM Carney thanked Vietnam for its support during the negotiations for the Canada-ASEAN Free Trade Agreement. He highlighted Vietnam’s vital role as a bridge in its capacity as the Chair of the CPTPP in 2026 and expressed a desire to continue close cooperation in efforts to link the CPTPP with other partners.

Finally, the Canadian PM affirmed that Canada will maintain close coordination with Vietnam at regional and international multilateral forums and expressed full support for Vietnam as the host of the Asia-Pacific Economic Cooperation (APEC) forum in 2027.

VnEconomy-Như Nguyệt