Economy

Viet Nam will increase State’s annual expenditure on education and training to at least 20 percent of the total State spending volume

Quang Ninh is driving bold reforms to boost the private sector, with Resolution 68 providing a major policy breakthrough.

Boosting sales of products from ethnic minority and mountainous regions is a key driver of sustainable local economic development, but challenges remain.

Prime Minister Pham Minh Chinh ordered localities to expedite site-clearance process for the North–South high-speed railway project with a view.

Viet Nam now ranks 19th globally in terms of mobile internet speed, up 29 notches from last year, according to the Ministry of Science and Technology.

The IIP for the first seven months of 2025 recorded growth across all 34 provinces, fueled by strong growth in manufacturing and electricity supply.

Financial Reporting Standards (IFRS) present an opportunity for businesses to standardize financial information, enhance capital accessibility.

Viet Nam’s economy is projected to maintain its resilience through 2025 and 2026, although momentum may slow in the near term due to increasing tariff pressures.

VGP - Prime Minister Pham Minh Chinh engaged in a policy dialogue themed "Viet Nam's New Era: From Vision to Action" with President and CEO of the World Economic Forum (WEF) Borge Brende on June 25.

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 - Prime Minister Pham Minh Chinh attended the Viet Nam–China Business Connectivity Forum in Tianjin, China, on June 24.

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.