Breaking barriers to lure private investment for energy growth: insiders

Breaking barriers to lure private investment for energy growth: insiders

The Politburo established a framework for private participation with the issuance of Resolution 55-NQ/TW on February 2020, outlining Vietnam’s energy development strategy until 2030 with a vision to 2045.
Vietnam, RoK strengthen energy cooperation

Vietnam, RoK strengthen energy cooperation

The Vietnamese energy market is expected to be very dynamic, and Vietnam is keen to welcome foreign investors, including those from the RoK. The country also welcomes comprehensive strategic partners with rich experience and knowledge in nuclear power.
Industrial production accelerates since year’s beginning

Industrial production accelerates since year’s beginning

(VEN) - Since the beginning of 2025, businesses and localities have accelerated industrial production to achieve the growth target of 9-10 percent set by the industry and trade sector.
Vietnam’s auto industry makes global waves with remarkable turnaround

Vietnam’s auto industry makes global waves with remarkable turnaround

Manufacturers like Thaco, Hyundai Thanh Cong, and VinFast are making significant strides in global markets. Their success stories are reshaping the industry’s position while opening up new opportunities for development amidst fierce global competition.
Vietnam, Japan forge 25-year oil and gas partnership

Vietnam, Japan forge 25-year oil and gas partnership

Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to carry out their commitments to maximise the productivity of the block as well as enhance oil recovery rate – an important task to ensure energy security.
Tra Vinh approves investment policy for five more wind power projects

Tra Vinh approves investment policy for five more wind power projects

The Tra Vinh provincial People’s Committee has given the green light to the investment policy for five wind power projects, for an investment total of over 13.8 trillion VND.
Ample room to float Vietnam’s shipbuilding industry

Ample room to float Vietnam’s shipbuilding industry

As domestic and global demand for new ships continues to rise, Vietnam's shipbuilding industry has significant potential for growth.
Hung Yen develops industrial parks to attract investment

Hung Yen develops industrial parks to attract investment

In 2024, Hung Yen Province attracted a record of nearly 4 billion USD in domestic and foreign investment, significantly contributing to the province’s industrial development efforts. The province aims for economic growth targets of 8% or higher in 2025 and beyond.
Vietnam works to develop digital technology industry

Vietnam works to develop digital technology industry

Speaking at the 6th annual national forum on the development of Vietnamese digital technology enterprises last month, Party General Secretary To Lam stated that the total revenue from this industry in 2024 was estimated to reach 152 billion USD, an increase of 35.7% compared to 2019.
Textile - garment industry facing labor shortage

Textile - garment industry facing labor shortage

(VEN) - In contrast to previous years, when orders were short and companies were forced to cut labor, Vietnam’s textile and garment industry has been getting a second wind since the second half of 2024, when orders increased.
Developing eco-industrial parks to attract FDI

Developing eco-industrial parks to attract FDI

By 2030, about 40-50% of provinces and cities are expected to convert traditional industrial parks into eco-industrial parks, and 8-10% of localities will have plans to build new eco-industrial parks to plan and attract investment industries gradually.
Nuclear power plant development in Vietnam: Many key steps taken

Nuclear power plant development in Vietnam: Many key steps taken

The reactivation of nuclear power projects will help Vietnam diversify its energy supply sources, guarantee energy security, and achieve its economic growth target as well as its commitment to reaching net-zero emissions by 2050.
Steel sector faces challenges

Steel sector faces challenges

Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts warn.
PM sets higher requirements for 500 kV Lao Cai – Vinh Yen transmission line project

PM sets higher requirements for 500 kV Lao Cai – Vinh Yen transmission line project

The 500 kV Lao Cai – Vinh Yen transmission line is a strategic national infrastructure project approved by the Government, with Vietnam Electricity (EVN) as the investor. The double-circuit transmission line will span 229.5 kilometers, with 468 tower foundations across the four northern provinces of Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc. The total investment for the project is over 7.41 trillion VND (290.41 million USD).
Vietnam

Vietnam's oil venture in Algeria advances to second phase with promising results

A joint oil exploration and extraction project in Algeria, involving Vietnam’s Petrovietnam Exploration Production Corporation (PVEP), Algeria’s state-owned Sonatrach, and Thailand’s PTTEP, has entered its second phase, building on a track record of success.
Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.
Call for increased use of hydrogen energy in Vietnam

Call for increased use of hydrogen energy in Vietnam

Vietnam's hydrogen strategy sets an ambitious goal of producing 100,000 to 500,000 tonnes of green hydrogen annually by 2030, with a long-term target of 10 to 20 million tonnes per year by 2050.
Vietnam scales up eco-industrial parks to promote sustainable development

Vietnam scales up eco-industrial parks to promote sustainable development

The eco-industrial park model is now being scaled up across multiple provinces with positive response from business community.
Binh Dinh

Binh Dinh's wood industry expands on global stage

Binh Dinh province is focused on public investment, boosting domestic consumption, and increasing wood exports, aiming to reach 1.5 billion USD in wood exports in 2025.
Vietnam boosts semiconductor industry with major support policy

Vietnam boosts semiconductor industry with major support policy

(VEN) - The first wholly Vietnamese-owned semiconductor chip manufacturing project in the country can receive support of up to VND10 trillion.
Resolution on special mechanisms for Ninh Thuan nuclear power project investment

Resolution on special mechanisms for Ninh Thuan nuclear power project investment

The resolution stipulates several special mechanisms and policies for the development of the project, including the Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants, and component projects, along with some others for the south-central province of Ninh Thuan to support the project implementation.
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Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.
Vietnam pushes ahead with reforms to lure more FDI

Vietnam pushes ahead with reforms to lure more FDI

In order to draw more FDI, experts underlined the need for Vietnam to take comprehensive measures, including stronger reforms in all fields.
Binh Dinh ramps up fight against IUU fishing

Binh Dinh ramps up fight against IUU fishing

The provincial border posts and checkpoints are requested to strictly inspect 100% of vessels entering and exiting stations, prohibiting those without the necessary qualifications from departing.
Ample room remains for Spain-Vietnam trade, investment collaboration: Spanish PM

Ample room remains for Spain-Vietnam trade, investment collaboration: Spanish PM

Vietnam is a dynamic and rapidly developing economy, with a growth rate exceeding 7% in 2024, a figure that not many countries could achieve amidst numerous fluctuations and challenges. Spain wishes to become an active partner in Vietnam's goal of modernisation and becoming a high-income developed nation by 2050.
ASEAN urged to remain united, calm, resilient in cooperation with US

ASEAN urged to remain united, calm, resilient in cooperation with US

Vietnam supports ASEAN’s comprehensive, flexible, and practical approach to enhancing economic resilience and promoting supply chain diversification through the effective utilisation of free trade agreements (FTAs), he affirmed.
infographic gold prices fluctuate following us retaliatory tariff announcement

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.
seven key missions of the national data association

Seven key missions of the National Data Association

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.
vietnam singapore comprehensive strategic partnership

Vietnam – Singapore Comprehensive Strategic Partnership

At the invitation of Vietnamese Prime Minister Pham Minh Chinh and his spouse, Singaporean Prime Minister Lawrence Wong and his spouse will pay an official visit to Vietnam on 25-26 March 2025. The two countries established diplomatic ties in 1973, upgraded to a Strategic Partnership in 2013, and further elevated relations to a Comprehensive Strategic Partnership in March 2025. This new framework strengthens political trust, expands cooperation, and sets a model for international partnerships based on mutual respect, sovereignty, and international law.
private sector contributes about 51 of gdp

Private sector contributes about 51% of GDP

With nearly one million enterprises and approximately five million individual business households, the private economic sector plays a crucial role in Vietnam's economy. It currently contributes 51% of GDP, generates over 30% of state budget revenue, and provides employment for more than 40 million people, accounting for 82% of the total workforce.
by 2025 localities nationwide assigned to complete 100275 social housing units

By 2025, localities nationwide assigned to complete 100,275 social housing units

Prime Minister Pham Minh Chinh has signed Decision No. 444, dated February 27, 2025, setting targets for the completion of social housing by 2025 and the following years up to 2030. These targets will be incorporated into local socio-economic development plans.
Vietnam takes swift, proactive actions in response to new US tariff policy

Vietnam takes swift, proactive actions in response to new US tariff policy

Since April 3, right after US President Donald Trump’s announcement, Party and State leaders have engaged in various meetings, working sessions, and phone calls to discuss and find solutions to remove the tariff barriers imposed by the US government, and ensure the harmonisation of interests for both sides.
A decree, a statement: Part 2: Sending a strong message

A decree, a statement: Part 2: Sending a strong message

(VEN) - Vietnam has announced a draft decree on strategic trade control, delivering a powerful message of a proactive, transparent, and rule-making nation.
A decree, a statement: Part 1: A draft strategic decree and strategic trust

A decree, a statement: Part 1: A draft strategic decree and strategic trust

Vietnam has announced a draft Decree on Strategic Trade Control, affirming its role as a reliable and responsible partner, always striving for strategic trust.
Vietnam wants to strengthen multi-faceted cooperation with Belgium: State President

Vietnam wants to strengthen multi-faceted cooperation with Belgium: State President

President Cuong warmly welcomed King Philippe and a high-ranking delegation of the Kingdom of Belgium on their first state visit to Vietnam since the two countries established diplomatic relations in 1973, affirming that the trip is an important historical milestone, opening up a new page for the friendly relations between the two countries.
Vietnam, Japan forge 25-year oil and gas partnership

Vietnam, Japan forge 25-year oil and gas partnership

Son noted the Block 15-2 contract is a crucial step after the 2022 Law on Oil and Gas took effect, urging contractors to carry out their commitments to maximise the productivity of the block as well as enhance oil recovery rate – an important task to ensure energy security.
Tra Vinh approves investment policy for five more wind power projects

Tra Vinh approves investment policy for five more wind power projects

The Tra Vinh provincial People’s Committee has given the green light to the investment policy for five wind power projects, for an investment total of over 13.8 trillion VND.
Ample room to float Vietnam’s shipbuilding industry

Ample room to float Vietnam’s shipbuilding industry

As domestic and global demand for new ships continues to rise, Vietnam's shipbuilding industry has significant potential for growth.
Nuclear power plant development in Vietnam: Many key steps taken

Nuclear power plant development in Vietnam: Many key steps taken

The reactivation of nuclear power projects will help Vietnam diversify its energy supply sources, guarantee energy security, and achieve its economic growth target as well as its commitment to reaching net-zero emissions by 2050.
Vietnam featured by French broadcaster as emerging global manufacturing hub

Vietnam featured by French broadcaster as emerging global manufacturing hub

French broadcaster TF1 aired a nearly four-minute feature on April 7, spotlighting Vietnam as a rising destination for global investment.
Tuyen Quang calls for OVs, businesses to expand investment

Tuyen Quang calls for OVs, businesses to expand investment

A delegation of nearly 50 overseas Vietnamese from 20 countries and territories, led by Nguyen Trung Kien, Chairman of the State Committee for Overseas Vietnamese, met with leaders of the northern mountainous province of Tuyen Quang on April 3 to discuss economic cooperation.
Deputy PM pledges strong support for Korean investors

Deputy PM pledges strong support for Korean investors

Amid complicated developments of the global and regional situation, especially increasing risks of trade wars, Deputy Prime Minister Nguyen Chi Dung reaffirmed Vietnam’s commitment to maintaining political and socio-economic stability, building an independent and self-reliant economy while proactively pursuing extensive, substantive, and effective global integration.
Dong Nai’s Q1 FDI attraction nears yearly target

Dong Nai’s Q1 FDI attraction nears yearly target

The southern province of Dong Nai attracted 927 million USD in foreign direct investment (FDI) in the first quarter of 2025, coming close to its annual target of 1.1 billion USD, according to the provincial Department of Finance.
Hong Kong paves way for Vietnam–China finance link

Hong Kong paves way for Vietnam–China finance link

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.
Over 29 trillion VND in tax refunds issued

Over 29 trillion VND in tax refunds issued

According to the Ministry of Finance, the Tax Department issued 3,705 tax refund decisions in the first quarter of 2025, totalling 29.23 trillion VND (1.13 billion USD). This represents a slight increase, reaching 108% compared to the same period in 2024.
State budget revenue rises 9.7% in Q1

State budget revenue rises 9.7% in Q1

Vietnam’s state budget revenue reached 98.4 trillion VND (3.81 billion USD) in the first quarter of 2025, achieving 24% of the assigned target and marking a 9.7% increase year-on-year, according to the Department of Vietnam Customs.
What factors have pushed gold prices beyond 3,000 USD per ounce?

What factors have pushed gold prices beyond 3,000 USD per ounce?

The surge in gold prices highlights its role as a safe-haven asset, as investors tend to seek risk-mitigation strategies amid global uncertainties.
Gov

Gov't asks Hanoi, HCM City to act towards safe air quality levels within 5 years

The Government has instructed the People's Committees of Hanoi and HCM City to urgently implement measures aimed at achieving safe Air Quality Index (AQI) levels within five years.
Turning waste into resources for sustainable development

Turning waste into resources for sustainable development

Waste is an inevitable part of modern life, and as life continues to develop, the challenge of waste management becomes increasingly urgent. We can no longer rely on outdated methods; waste management requires a new, integrated approach from public awareness and technical infrastructure to policy mechanisms, thus transforming waste from an environmental burden into a valuable resource for sustainable development.
Vietnamese, Belgian institutes sign MoU on climate change response cooperation

Vietnamese, Belgian institutes sign MoU on climate change response cooperation

This collaboration provides an opportunity for the two sides to jointly develop breakthrough solutions in four key areas, namely urban climate research, greenhouse gas emissions reduction, water resources management, and circular economy development.
Empowering businesses for successful green transition

Empowering businesses for successful green transition

(VEN) - To overcome the challenges of transitioning to a green production model, businesses need support not only in terms of capital, but also in mechanisms and policies.
Vietnam has advantages in promoting sci-tech development, innovation: British scholar

Vietnam has advantages in promoting sci-tech development, innovation: British scholar

The world has gone deeply into the Fourth Industrial Revolution, and Resolution No.57-NQ/TW on making breakthroughs in science, technology, innovation, and national digital transformation is a positive signal showing that Vietnam is already embracing and engaging in change.
HCM City set to host laboratory expo Analytica Vietnam

HCM City set to host laboratory expo Analytica Vietnam

Analytica Vietnam 2025, organised by the National Agency for Science and Technology Information and Statistics and Germany’s Messe München GmbH company, will showcase technologies, equipment and solutions from leading manufacturers and distributors of laboratory instruments, analytical tools and technologies.
HCM City forum strengthens Vietnam’s semiconductor, high-tech supply chains

HCM City forum strengthens Vietnam’s semiconductor, high-tech supply chains

Speaking at the event, Vice Chairman of the municipal People’s Committee Vo Van Hoan highlighted that the city has established itself as an attractive destination for investments in the domains, given its complete ecosystem to develop emerging industries with sound human resources and numerous semiconductor enterprises.
Vietnam Semiconductor Innovation Centre boots up in Hanoi

Vietnam Semiconductor Innovation Centre boots up in Hanoi

The launch of the VSIC shows a key commitment from FPT Corporation, NIC, and their partners to establish a sustainable semiconductor ecosystem in Vietnam, positioning the country as an attractive destination in this strategic industry.
Binh Dinh ramps up fight against IUU fishing

Binh Dinh ramps up fight against IUU fishing

The provincial border posts and checkpoints are requested to strictly inspect 100% of vessels entering and exiting stations, prohibiting those without the necessary qualifications from departing.
Soc Trang province intensifies efforts to clamp down on illegal fishing

Soc Trang province intensifies efforts to clamp down on illegal fishing

Since 2023, no vessel exceeding 24 metres has disconnected its tracking systems for more than six hours, and no vessel has lost connections for more than ten days. Particularly, no local vessels have been caught fishing illegally in foreign waters.
Consumer protection: No longer a national issue

Consumer protection: No longer a national issue

(VEN) - In the context of a globalized economy, the rights of consumers are no longer a national internal issue. They have become a common concern for the international community.
Vietnam tightens port and offshore activity control to tackle IUU fishing

Vietnam tightens port and offshore activity control to tackle IUU fishing

Vietnamese localities are intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing, enhancing control over fishing ports and offshore activities in accordance with the European Commission’s (EC) recommendations.
Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.
Vietnamese enterprises float products at world

Vietnamese enterprises float products at world's largest startup fair in India

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.
Philosophy 3C and story of smart consumption

Philosophy 3C and story of smart consumption

(VEN) - Pharmacist Nguyen Xuan Hoang - Chairman of International Medical Consultants Co., Ltd. - IMC shared, “In modern society, in order for a product to reach consumers, aside from quality and technology, attention must also be paid to the story behind the product and the smart consumption habits of consumers.”
Vietnamese rice exporters urged to boost global competitiveness

Vietnamese rice exporters urged to boost global competitiveness

Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.
Vietnamese cultural values introduced to international friends in Mexico

Vietnamese cultural values introduced to international friends in Mexico

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.
Hung Kings’ Festival 2025: a grand celebration of culture and heritage

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.
Vietnam works to seek UNESCO status for Binh Dinh martial arts

Vietnam works to seek UNESCO status for Binh Dinh martial arts

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.
Nghe An to host ASEAN exhibition this May

Nghe An to host ASEAN exhibition this May

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.
Vietnam’s scenic landscapes attract Hollywood filmmakers

Vietnam’s scenic landscapes attract Hollywood filmmakers

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.
Positioning unique tourism products to enhance attractiveness of Vietnamese cities

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.
Hue gears up for new tourism opportunities

Hue gears up for new tourism opportunities

(VEN) - The National Tourism Year – Hue 2025 has officially commenced, bringing new growth expectations for Vietnam’s tourism industry as well as Hue City.
International visitors to HCM City increase by 18.2% in Q1

International visitors to HCM City increase by 18.2% in Q1

Ho Chi Minh City's total tourism revenue rose 26.7% year-on-year to 56.66 trillion VND ( 2.21 billion USD), achieving 21.8% of the 2025 plan.
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