Economy

The quick response from Vietnam has won approval from industry leaders, with some considering the tax cuts as a "swift, positive, and timely" move that showcases Vietnam’s goodwill.

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

Japanese investors have poured over 1.2 billion USD into 162 projects in Long An, and their contributions play a crucial role in the province’s socio-economic development, a local official has said.

Located at Border Marker 456 in Ha Giang’s Meo Vac district, the Sam Pun border gate has long served as a vital trade gateway between Vietnam and China.

After six years of implementation nationwide, the ‘One Commune One Product’ (OCOP) programme has achieved positive results. The export of Vietnamese agricultural products is becoming more vibrant with impressive figures and products.

Representatives of Vietnamese and Thai businesses attended a seminar in Khon Kaen province, Thailand, on March 30 to promote investment, trade, and tourism between Vietnam and northeast Thailand.

The northern localities of Bac Ninh, Ha Nam, and Hai Phong attracted substantial foreign investments in the first quarter of 2025, including those from world-leading economic conglomerates with advanced and environmentally-friendly technologies.

As one of the three pillars of the agricultural sector, alongside livestock and fisheries, forestry is being developed, not only with a focus on sustainability but also as a multi-objective industry that maximises its economic, environmental and climate resilience contributions.

According to the National Statistics Office, total registered FDI in Vietnam reached nearly 6.9 billion USD in the first two months of 2025, or a 35.5% increase as compared to the same time last year. Disbursed capital was estimated at 2.95 billion USD, up 5.4% year-on-year.

In the first two months of 2025, total FDI reached nearly US$6.9 billion, up 35.5% year-on-year, demonstrating strong investor confidence in Vietnam’s business environment.

Prime Minister Pham Minh Chinh emphasised the need to establish a full-fledged railway industry, mastering technology, producing rolling stock, and developing an integrated railway ecosystem. He also highlighted the opportunity for Vietnam to harness this challenge as a catalyst for national growth and innovation.

Supported by 17 next-generation free trade agreements (FTAs) already in effect, the industry is poised for further growth, targeting 48 billion USD in export revenue this year.

Hanoi is implementing various initiatives to develop local craft villages.

A workshop on optimal logistics solutions for businesses was held in Hai Phong on March 28 as the port city strives to build a high-quality logistics workforce to meet the industry’s strong development in the future.

Speaking at a conference on creating a financial centre in Vietnam on March 28, Minister of Finance Nguyen Van Thang said Vietnam is “on the brink of a golden opportunity” to establish itself as a key player in the global financial arena.

The country has approximately 750,000 hectares of shrimp farms, yielding an annual output of 1.3-1.4 million tons, and is recognized for having the most advanced shrimp processing technology with a strong advantage in value-added production.

At the event, businesses raised concerns related to value-added tax refunds, increased land rental costs, reduced LNG supply, labour shortages, the issuance of construction ownership certificates, and environmental hygiene and traffic safety on roads within industrial zones.

With a sound investment climate, Binh Dinh has become an attractive destination for investors, positioning itself as one of the most dynamic economic hubs in the country, and a leading development province in the region.

Vietnam’s steel and aluminum manufacturers and exporters should reassess their production and export activities to the European Union (EU) while closely monitoring market developments to formulate timely response strategies if necessary.

VGMF 2025 connects businesses with partners, showcases technological trends, and provides insights into Vietnam’s latest policies on investment, industry, and digital transformation.

The programme aims to fundamentally transform administrative processes by decentralising decision-making and promoting the application of science technology and digital transformation.

Moreover, as Vietnam deepens its global integration, improving product standards, building brand credibility, and ensuring transparency across supply chains are no longer optional; they are essential requirements for Vietnamese enterprises.

The key agricultural products of the two countries complement each other rather than compete. Therefore, Vietnam is willing to open its market to US agricultural products.

Vietnamese exporters are seizing opportunities to build their brands and promote products in the high-potential Middle East - Africa market.

Released on March 25, the directive underscored the pivotal role of the private sector, particularly SMEs, which constitute 98% of all active businesses in the country.

The rapid growth of e-commerce is a key factor enabling food and agricultural enterprises in Ho Chi Minh City and across Vietnam to expand their export markets and integrate more deeply into the global supply chain. To fully capitalise on this opportunity, businesses need support from relevant agencies while improving product quality to meet market demands.

Deputy Prime Minister Nguyen Hoa Binh encouraged German businesses to study and invest in international financial centres that are to take shape in the future in Vietnam, during a roundtable in Frankfurt on March 24.

Vietnam and Malaysia shared experience and discussed the possibility of cooperation in developing renewable energy projects during a working session in Hanoi on March 25 between the Ministry of Industry and Trade and the Embassy of Malaysia.

Vietnamese enterprises and management agencies are required to take proactive measures as part of efforts to enhance trade promotion and make concise forecasts to ensure Vietnam's trade activities amid global challenges, according to insiders.

With an investment of 11.5 trillion VND (460 million USD), it says it is creating the first ‘smart’ and low carbon urban luxury trading-residential and entertainment centre in central Vietnam.