Economy

Khanh Hoa’s Industry and Trade sector is actively supporting rural industrial facilities to adopt digital technologies, aligning with the province’s broader goal of advancing digital transformation across all sectors.

VGP - The domestic economy is estimated to grow by 7.6 percent in the second quarter of 2025, making Viet Nam as one of the fastest-growing economies in Asia, said Deputy Prime Minister Nguyen Hoa Binh.

VGP - Viet Nam has made remarkable economic progress over the past decades. Extensive and continued reforms since the late 1980s have been key to this economic success, noted the OECD Economic Surveys: Viet Nam 2025 report.

VGP - From July 1, new regional minimum wage under four regions will take effect when the two-tier local administrations officially come into operation.

VGP - More than 3,100 violations related to smuggling and counterfeit goods were uncovered during a month-long nationwide campaign, according to the Department of Domestic Market Management and Development under the Ministry of Industry and Trade.

VGP - Sweden stands ready to support Viet Nam to become developed, high-income country, said Speaker of the Riksdag (Swedish Parliament) Andreas Norlén.

VGP - Prime Minister Pham Minh Chinh on June 11 had meetings with leaders of several leading corporations and businesses from France and Europe as part of his working visit to France.

VGP – Foreign direct investment (FDI) inflows into Viet Nam reached US$18.39 billion in the first five months of 2025, a year-on-year increase of 51.2 percent, the General Statistics Office (GSO) reported Friday.

A recent Vietnam – Italy Forum on Cooperation in Semiconductor and Artificial Intelligence Development took place, marking a significant step in strengthening bilateral ties in high-tech innovation.

VGP - Prime Minister Pham Minh Chinh on Thursday hosted a reception for visiting Deputy President for Operations at Oman Investment Authority (OIA) Nasser bin Suliman Al Harthi in Ha Noi.

The new Mekong Express hopes to provide a faster, more cost-effective and less carbon-intensive transport solution for cargo owners, connecting two critical economic centres in southern Vietnam.

Proactively embracing international integration, Vietnam continues to broaden its multilateral and bilateral cooperation in the field of competition and consumer protection.

General Secretary To Lam on May 28 called for market-oriented reforms in gold management to help stabilize the economy and mobilize development resources.

Vietnam and Malaysia agreed to expand cooperation in the fields of digital economy, energy transition and balanced bilateral trade.

On the morning of May 24, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee to hear reports, assess the situation, and provide guidance on orientations, solutions, and follow-up tasks after the second round of bilateral negotiations on the Vietnam–United States Reciprocal Trade Agreement.

VGP - Prime Minister Pham Minh Chinh heads the Steering Committee for regional and international financial centers in Viet Nam, according to a recently-inked Decision.

VGP - The Vietnamese Government has issued Resolution No. 139/NQ-CP, detailing clear and comprehensive tasks for ministries, sectors, and localities aimed at strengthening the business environment

On the afternoon of May 16, 2025, in Jeju, Republic of Korea, immediately following the conclusion of the 31st APEC Trade Ministers’ Meeting (MRT 31), as scheduled in advance, Vietnamese Minister of Industry and Trade and Head of the Government Negotiation Delegation Nguyen Hong Dien held a direct ministerial-level negotiation session with the United States Trade Representative (USTR) Jamieson Greer.

On the afternoon of May 15, in Jeju, Republic of Korea (RoK), Minister of Industry and Trade (MoIT) Nguyen Hong Dien, Head of the Vietnamese delegation, attended and delivered speeches at both sessions of the APEC Ministers Responsible for Trade Meeting (MRT).

Prime Minister Pham Minh Chinh on May 14 called on China Huadian Engineering Co., Ltd to expand its contribution to Vietnam’s energy security, encouraging flexible and innovative application of the group’s technological capabilities within the local context.

Vietnam was re-elected as Chair of the World Customs Organization (WCO) Permanent Technical Committee (PTC) for the 2025–2026 term at its recent 247th/248th sessions in Brussels, Belgium.

Ho Chi Minh City - Vietnam’s largest economic engine is witnessing a powerful resurgence in its private sector, which is increasingly seen as a key pillar driving the city’s economic growth.

As the impacts of climate change and environmental pollution worsen, the Vietnamese Government is ramping up support for green transport, particularly electric vehicles (EVs). However, the rapid growth in EV adoption is outpacing the development of charging infrastructure.

Vietnam is preparing to develop three FTZs in Hai Phong, Da Nang, and Ba Ria – Vung Tau, with plans to expand to other localities with strong air and rail connectivity, beyond just those with seaports

The PM highlighted the important role played by SOEs in the national economy, noting that although the number of groups and corporations represents only a small percentage of the nearly 1 million businesses operating in Vietnam, they hold a key position as a significant material force of the economy, and production and business activities in main economic and technical sectors.

The Government negotiating team on trade issues with the US is headed by Minister of Industry and Trade Nguyen Hong Dien.

The labour force aged 15 and above reached 52.9 million people in Quarter 1, showing a decrease of 230,700 people compared to the previous quarter but an increase of 532,000 people year-over-year.

Vietnam’s forestry industry is setting its sights on reaching an ambitious export target of USD 18 billion in 2025.

In recent years, the number of Vietnamese enterprises engaging in online exports has climbed sharply, mirroring the country’s fast-paced digital transformation.

As part of its ongoing efforts to maintain economic stability, Ho Chi Minh City is ramping up public investment, stimulating private sector activity, and working to unblock delayed projects—all while keeping a close eye on international markets.