Vietnam and Indonesia likely to soon meet US$18 billion trade target

Vietnam and Indonesia likely to soon meet US$18 billion trade target

There is ample room for both Vietnam and Indonesia to boost their economic, trade and investment ties, aiming to meet the US$18 billion trade target soon, delegates agreed at a workshop in Hanoi on March 27.
Vietnam, India strengthen business ties to boost trade

Vietnam, India strengthen business ties to boost trade

The business meeting provided a valuable opportunity for direct engagement, allowing participants to gain deeper insights into the Vietnamese and Indian markets and laying the groundwork for sustainable trade expansion.
Rice exports likely to bounce back in Q2 on price and market demand recovery

Rice exports likely to bounce back in Q2 on price and market demand recovery

Vietnam’s rice export prices have increased for the second consecutive week after a period of sharp decline, and experts predict that rice exports will improve in the second quarter of the year.
Great opportunities for Vietnamese coffee in Algerian market

Great opportunities for Vietnamese coffee in Algerian market

Algeria’s recent decision to exempt and reduce import taxes on coffee is expected to bring significant opportunities for Vietnamese businesses. Vietnam has maintained a strong position among the top coffee exporters in this market in recent years.
Addressing bottlenecks in Vietnam’s halal exports

Addressing bottlenecks in Vietnam’s halal exports

Despite its vast potential, Vietnam’s Halal food exports are still in the early stages of development, said experts.
Vietnam, Brazil set sights on US$15 billion trade target by 2030

Vietnam, Brazil set sights on US$15 billion trade target by 2030

President Lula da Silva and Prime Minister Pham Minh Chinh pledged to create favorable conditions for bilateral trade to reach US$15 billion by 2030 during the Brazil-Vietnam Economic Forum in Hanoi on March 29.
Tuna exports hit record high but face major regulatory barriers

Tuna exports hit record high but face major regulatory barriers

Statistics from Vietnam Customs show that the value of tuna exports in February reached nearly 73 million USD, which marks a 41% increase on-year and the highest level for the same period over the past five years.
Maintaining the US market for agricultural exports in the new situation

Maintaining the US market for agricultural exports in the new situation

The US was the largest importer of Vietnamese agricultural goods, accounting for 22% of the total value. Although the market of the world’s largest economy has not been fully tapped into, new US trade policies in 2025 are expected to affect Vietnamese exports, especially agricultural goods.
Related agencies join hands to facilitate rice export

Related agencies join hands to facilitate rice export

(VEN) - The government, ministries, sectors, and localities are implementing a series of solutions to ease difficulties for rice exports.
New-generation FTAs to create seafood export breakthrough

New-generation FTAs to create seafood export breakthrough

(VEN) - In the context of fierce competition and increasingly high demands from foreign markets, experts believe businesses and sectors must understand and make better use of tariff preferences from free trade agreements (FTAs), especially new-generation ones.
Businesses need to proactively adapt to market changes

Businesses need to proactively adapt to market changes

(VEN) - Lawyer Nguyen Thanh Ha, Chairman of SBLAW in an interview with Vietnam Economic News’ Hoa Quynh emphasized that in the face of global trade fluctuations, businesses need the support of the Ministry of Industry and Trade (MoIT) not only to respond effectively, but also to take advantage of opportunities arising from these changes, as well as to maintain their competitive edge in the international market.
Fruit and vegetables exports fall in three consecutive months

Fruit and vegetables exports fall in three consecutive months

Vietnam’s fruit and vegetable export turnover reached nearly US$421 million in March 2025, up 34.1% from the previous month but down 10.5% from a year ago, marking the third consecutive month of decline in this sector.
Vietnamese enterprises shift towards deep processing to increase exports

Vietnamese enterprises shift towards deep processing to increase exports

According to trade experts, Vietnam is ranked as the world's 20th largest exporter in the world and among the world's top exporters of various products such as rice, coffee, cashews, and garment-textiles.
Vietnam – Singapore trade surges over 27% in early 2025

Vietnam – Singapore trade surges over 27% in early 2025

The two-month trade reached over 6.57 billion SGD (approximately 4.91 billion USD), solidifying Vietnam’s position as Singapore’s ninth largest trading partner.
Vietnam’s shrimp exports maintain steady growth

Vietnam’s shrimp exports maintain steady growth

The shrimp export value in the first two months of 2025 reached 542 million USD out of a total seafood export value of 1.4 billion USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam’s F&B Market focuses on sustainable growth

Vietnam’s F&B Market focuses on sustainable growth

Conducted with Nestlé Vietnam, the report provides insights into industry performance and emerging trends, based on surveys of 4,005 restaurants and cafés, feedback from 4,453 diners, secondary data from market research firms, and interviews with nearly 100 F&B experts and business leaders.
Vietnam’s pepper prices surge – Golden opportunity for exporters

Vietnam’s pepper prices surge – Golden opportunity for exporters

(VEN) - In the first two months of 2025, the average export price of Vietnamese pepper reached US$6,763 per tonne, marking a year-on-year increase of 68 percent.
Vietnam among world’s fastest-growing economies in terms of trade

Vietnam among world’s fastest-growing economies in terms of trade

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.
Ho Chi Minh City plans to boost food processing sector

Ho Chi Minh City plans to boost food processing sector

Ho Chi Minh City’s food processing sector aims to strengthen export capabilities and penetrate high-demand global markets.
Vietnam’s coffee exports reach 1.72 billion USD in first two months

Vietnam’s coffee exports reach 1.72 billion USD in first two months

Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), noted that coffee prices in the global market rose sharply. As a result, Vietnam's coffee export value increased by over 37% during this period, though its export volume decreased by 22%.
Digital transformation unlocks economic opportunities for highland communities

Digital transformation unlocks economic opportunities for highland communities

(VEN) - Digital platforms are the key to helping local people not only expand their markets, but also build their brands, increase product value, and sustainably improve their income.
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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.
Vietnam – Hungary comprehensive partnership yields fruitful results

Vietnam – Hungary comprehensive partnership yields fruitful results

Both the Vietnamese Ambassador to Hungary and an official at the host country's Ministry of European Union Affairs have recognised the strides recorded in the two countries' relations over the recent past.
Vietnamese OCOP products make their mark in international market

Vietnamese OCOP products make their mark in international market

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.
Vietnamese businesses seek investment opportunities in Thailand

Vietnamese businesses seek investment opportunities in Thailand

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.
Vietnam, Northeast Thailand strengthen investment, trade, tourism ties

Vietnam, Northeast Thailand strengthen investment, trade, tourism ties

There is untapped potential for economic cooperation between the two sides, particularly in infrastructure and logistics, agricultural production and food processing, renewable energy, creative technology-innovation, and tourism.
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.
vietnams outbound investment increases by 95 times in two months

Vietnam’s outbound investment increases by 9.5 times in two months

Vietnam's overseas investment in the first two months of 2025 totalled nearly 239 million USD, 9.5 times higher than the same period last year.
52 provincial-level administrative units to be reorganised: draft resolution

52 provincial-level administrative units to be reorganised: draft resolution

Administrative units with isolated locations and limited transport connectivity with adjacent administrative units, as well as those holding special importance to national defence and security, will not be compulsorily subject to re-organisation, according to the draft resolution.
MoF seeks feedback on VAT cut plan to boost economy

MoF seeks feedback on VAT cut plan to boost economy

The proposal suggests extending the 2% VAT reduction from July 1, 2025, until the end of 2026 for goods and services currently taxed at 10%, lowering them to 8%.
Ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges

Ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges

The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.
Decree on foreign investment in Vietnamese financial institutions amended

Decree on foreign investment in Vietnamese financial institutions amended

Decree No. 69/2025/ND-CP amends several provisions of Decree No. 01/2014/ND-CP regarding foreign investment in Vietnamese financial institutions. The changes specifically address purchase methods, ownership limits, and investor obligations.
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.
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.
Work begins on two hi-tech factories in Bac Ninh province

Work begins on two hi-tech factories in Bac Ninh province

Ground-breaking ceremonies were held on March 30 for the Victory Giant Technology Vietnam factory and Green Precision Manufacturing Vietnam Co. Ltd project in VSIP Bac Ninh II, located in the northern province of Bac Ninh, with combined investment of over 640 million USD.
PM seeks aviation partnership with Brazil

PM seeks aviation partnership with Brazil's Embraer Group

Prime Minister Pham Minh Chinh called for collaboration between Brazil’s Embraer Group and Vietnamese partners to advance Vietnam’s aviation industry during a reception in Hanoi on March 29.
Dong Nai leaders hold dialogue with FDI enterprises

Dong Nai leaders hold dialogue with FDI enterprises

The People's Committee of Dong Nai province on March 28 held a meeting with more than 350 foreign direct investment (FDI) enterprises, foreign business associations and industrial infrastructure firms operating in the province.
Quang Ngai seaport system requires over 420 mln USD in investment by 2030

Quang Ngai seaport system requires over 420 mln USD in investment by 2030

The seaport system in the central province of Quang Ngai will need about 10.83 trillion VND (423.54 million USD) in investment by 2030, according to the detailed development plan for local seaport land and water areas for the 2021–2030 period, with a vision to 2050.
Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

Int’l financial centre ensures Vietnam’s sustainable financial growth: Experts

The establishment of an International Financial Centre in Vietnam is a critical and strategic decision, which will ensure the country’s long-term financial stability and growth, financial experts and representatives of leading German businesses said in discussions with Permanent Deputy Prime Minister Nguyen Hoa Binh during his freshly-ended visit to Germany.
State Bank flexible and harmonious in managing exchange rates

State Bank flexible and harmonious in managing exchange rates

Since the beginning of the year, the VND/USD exchange rate has undergone significant fluctuations, with an overall upward trend. Amid increasing pressure from international markets on the domestic market, the State Bank of Vietnam (SBV) has had to adjust the central exchange rate multiple times to accurately reflect market supply and demand.
Comprehensive financial ecosystem for Vietnamese SMEs needed

Comprehensive financial ecosystem for Vietnamese SMEs needed

Vietnam’s economy has shown remarkable resilience and growth in recent years, particularly in the realm of small and medium enterprises (SMEs).
Banks ramps up share payouts to meet Basel III

Banks ramps up share payouts to meet Basel III

Vietnamese banks are ramping up share-based dividend payouts to increase charter capital, meet Basel III capital adequacy standards and enhance their competitive edge.
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.
Earthquake triggers emergency in Thailand, sparks widespread tremors in regional countries

Earthquake triggers emergency in Thailand, sparks widespread tremors in regional countries

A 30-story building under construction in Bangkok collapsed, trapping at least 43 workers.
Vietnam contributes solutions to reduce air pollution

Vietnam contributes solutions to reduce air pollution

Key measures proposed included promoting clean energy transitions to reduce reliance on fossil fuels, developing sustainable transportation, cutting emissions from motor vehicles, managing industrial and household waste efficiently, and having stricter regulations on industrial emissions control.
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.
Symposium discusses ways to encourage women

Symposium discusses ways to encourage women's engagement in science-technology

Tuyen stressed that the VWU has been carrying out practical activities to encourage women’s engagement in science and technology development, including promoting the establishment of the Vietnam Association for Intellectual Women, issuing a resolution on supporting women’s international integration by 2030, and launching initiatives like the Kovalevskaia Awards to encourage scientific research, innovation, startup and participation in digital economy and society among women.
Vietnam harnesses AI to transform public services

Vietnam harnesses AI to transform public services

The Government is accelerating AI application to reduce the paper workload and improve operation efficacy.
AI disaster forecasting: Future technological trend

AI disaster forecasting: Future technological trend

In the past, disaster forecasting relied heavily on experience and complex mathematical models, but now, AI is opening up a new era.
Party chief offers incense to fallen heroes in Da Nang

Party chief offers incense to fallen heroes in Da Nang

Party General Secretary To Lam laid wreaths and offered incense to heroic martyrs at a memorial site in the central city of Da Nang on March 29.
Addressing bottlenecks in Vietnam’s rice industry

Addressing bottlenecks in Vietnam’s rice industry

To enhance the competitiveness of rice and fully leverage its potential, experts believe Vietnam must improve rice quality and establish a strong, distinctive brand in the global market.
Over 6.2 billion USD needed for expanding North-South expressway

Over 6.2 billion USD needed for expanding North-South expressway

The Ministry of Construction has proposed expanding the 1,144-km eastern wing of North-South expressway from Hanoi to Ho Chi Minh City from four to six lanes, at an estimated cost of 152.1 trillion VND (around 6.2 billion USD).
Dien Bien promotes high-tech agriculture to drive development in ethnic minority areas

Dien Bien promotes high-tech agriculture to drive development in ethnic minority areas

(VEN) - The application of high technology in the agricultural sector is an inevitable trend, as it helps improve productivity, increase product quality, and expand the market. Despite not having many natural advantages, the northwestern province of Dien Bien has made significant strides in developing high-tech agriculture, especially in ethnic minority areas.
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.
Improving product value and people’s lives

Improving product value and people’s lives

(VEN) - The production and consumption chain for “Mien dong” - a type of vermicelli made from the starch of the dong root (a kind of arrowroot) in Bac Kan Province has been helping enhance product quality, create stable output, and improve the lives of ethnic minorities in the province.
Vietnamese products rise from villages to global markets

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.
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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