On April 9, on behalf of the Prime Minister, Minister of Finance Ngo Van Tuan presented to the National Assembly a public investment plan for the 2026-2030 period, with total capital of $328.8 billion – 2.7 times higher than the previous five-year period.

Recent trading sections show that the construction and materials sectors have seen some improvement in capital inflows, though not yet strong enough to confirm a sustained uptrend.

Accelerating public investment is expected to entail a new growth cycle for construction firms

Stocks such as HHV, VCG, and HPG have posted positive rebounds, but these have been largely technical and not accompanied by a significant increase in institutional capital inflows.

From a cautious perspective, Le Duc Khanh, head of Research at VPS Securities, noted that building stocks remain in an accumulation phase without clear breakout signals.

"Market capital flows continue to favour large-cap stocks, particularly the banking sector and VN30 constituents, which offer solid fundamentals and strong index-leading capacity," he said. "A key factor limiting a strong surge in capital flows into the sector is the lag between policy implementation and business results."

The VN30 Index tracks the 30 largest and most liquid companies listed on the Ho Chi Minh City Stock Exchange.

According to Tran Anh Tuan, director of the analysis centre at Petrovietnam Securities, public investment disbursement is only the starting point.

“Once capital is allocated, projects require time to complete procedures, begin construction, and undergo acceptance processes. As a result, corporate earnings typically reflect these developments only after one to two quarters.

In addition, the construction sector is characterised by high financial leverage, making companies sensitive to interest rate fluctuations. Rising financing costs, along with extended payment cycles and receivables pressure, can weigh on business performance even when revenue is growing,” he noted.

At present, capital inflows into construction and materials stocks remain tentative and lack broad-based momentum. Gains have been concentrated in select stocks rather than forming an industry-wide trend.

Divergence within the sector is expected to become more pronounced. Accordingly, companies with strong execution capabilities and large backlogs (referring to signed but unfulfilled contracts) will have a clear advantage in translating public investment into actual business results.

Conversely, firms with weak financial foundations, heavy reliance on debt, or difficulties in receivables collection may face greater risks, even as the sector benefits from supportive policies.

Across the value chain, opportunities from public investment extend beyond construction contractors to related industries.

Le Duc Khanh from VPS Securities noted that in the construction and infrastructure segment, companies directly involved in project execution and operation stand to benefit the most.

"Notable names include HHV in transport infrastructure, VCG, C4G, FCN, and LCG – stocks highly sensitive to contract wins, backlog levels, and disbursement progress. Meanwhile, building materials companies tend to react earlier, driven by expectations of rising demand," he said.

Steel major Hoa Phat Group stands out thanks to its large market share and dual benefit from accelerating public investment and recovering domestic demand.

Construction stone producers such as KSB, DHA, and VLB, as well as asphalt companies like PLC, are also expected to benefit from increasing demand for raw materials.

"Industrial park developers, including BCM, KBC, IDC, and SZC, may also benefit indirectly as improved transport infrastructure boosts investment inflows and enhances land values," Khanh said.

In the absence of a prevailing capital flow trend, investors are supposed to adopt a highly selective approach to construction stocks.

Tran Anh Tuan at PetroVietnam Securities recommends prioritising companies with large backlogs, involvement in key projects, and the ability to ensure construction progress – critical factors in translating policy into earnings.

“Furthermore, financial health is crucial, particularly in a volatile interest rate environment. Companies that effectively manage leverage and cash flow will be more resilient,” he said.

He also called on investors to monitor profit margins and cost control capabilities amid rising raw material prices.

“Finally, valuation must be carefully considered. Stocks that have surged on expectations without corresponding earnings improvements may face short-term correction risks,” he stated.

Despite lingering short-term uncertainties, the medium-term outlook for construction and materials stocks remains positive. Institutional capital may return more strongly in the coming quarters. However, a sustainable uptrend will require alignment across multiple factors, including project progress, interest rate conditions, and corporate cost control capabilities.

Tech, banking and building stocks lift the market Vietnamese shares advanced on Tuesday morning as banks, technology businesses construction firms bounced back on strong purchases.

Vietnam Report announces Top 10 most reputable building contractors Hoa Binh Construction Group has topped the list of Vietnam’s Top 10 Most Reputable Building Contractors in 2020, according to an independent report by Vietnam Report.

Full steam ahead to expedite key transport projects from early new year Since the early days of 2024, transport contractors have been driving hard to complete key projects, as assigned by the government.

He also called for Singapore's support in developing international financial centres and expanding next-generation Vietnam-Singapore Industrial Parks (VSIPs) linked to high‑technology transfer.

PM Wong expressed strong agreement with these assessments and proposals, reaffirming Singapore’s commitment to strengthening ties with Vietnam and its readiness to implement agreed areas of cooperation.

He also highlighted the importance of enhancing high-level exchanges and expanding collaboration in economic, defence-security, and other fields, contributing to regional peace, stability, and development.

PM Wong also announced that Singapore plans to increase the total number of VSIPs in Vietnam to 30 by the end of 2026, marking the 30^th anniversary of the project’s successful presence in the country.

He reaffirmed Singapore’s commitment to supporting Vietnam in human resource development, particularly for strategic-level officials, through new training agreements and the expansion of the Singapore Cooperation Programme to localities across Vietnam.

He also expressed confidence in the continued strong development of bilateral ties and highlighted the ambition to create innovations in areas such as carbon credit exchange and cooperation on food security.

Both prime ministers agreed to further strengthen political trust, enhance high-level exchanges and engagements at all levels, and maintain the effectiveness of existing cooperation mechanisms, including the annual meeting mechanism between the two leaders. They also agreed to soon implement a Strategic Dialogue mechanism between the two countries in 2026 and to deepen cooperation in ensuring energy security.

Both sides reaffirmed their commitment to prioritising resources for the effective implementation of the Action Programme for the Comprehensive Strategic Partnership for 2025–2030.

The two leaders also agreed on the potential signing of an intergovernmental agreement on cross-border trade of low-carbon electricity, aimed at facilitating the export of offshore wind power from Vietnam to Singapore.

Currently, VSIP operates more than 22 IPs across 15 cities and provinces, attracting around $15 billion in investment from over 880 tenant companies from 30 countries. The model is now shifting towards attracting green and high-tech foreign investment, with a strategic focus on developing smart and sustainable IPs.

VSIP in former Binh Duong province. Photo: Le Toan

Siemens and VSIP announce landmark strategic partnership Siemens Limited Vietnam and Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. have signed a deal to drive the development of cutting-edge data centre parks across Vietnam.

Sembcorp Development gains approval for VSIP Hue On January 29, Sembcorp Development, through its Vietnam Singapore Industrial Park (VSIP) joint venture with Becamex IDC, has received approval to develop VSIP Hue, a 467-hectare industrial park in central Vietnam.

BW Industrial signs strategic MoUs to power digital and industrial growth BW Industrial Development JSC on March 24 signed two MoUs with Becamex-VSIP Power Investment and Development JSC and Vietnam-Singapore Smart Energy Solutions JSC to strengthen the power and renewable energy infrastructure.

Photo: Vietnam's Ministry of Science and Technology

Efforts to strengthen the Joint Committee on Science and Technology in coordinating, connecting, and removing barriers were discussed, alongside the identification of priority areas with potential for innovation and high added value.

Establishing a government-level cooperation mechanism for strategic technologies was also on the agenda, with the aim of creating a list of priority technologies for bilateral collaboration.

Sharing experiences in managing emerging technologies – such as AI and data – to promote controlled acceptance was another focus, along with fostering an international research funding network and a mechanism for mutual recognition of scientific evaluation.

In research and training, enhancing capabilities in core technologies linked to high-quality workers is a priority. A model of joint laboratories linked to postgraduate training was discussed.

Under this model, joint research centres will conduct research in key laboratories, participate in postgraduate training, and aim for joint degree courses. Plans also include establishing a joint research fund with flexible funding mechanisms, improving connectivity, data sharing, and laboratory infrastructure, and organising in-depth international scientific forums to promote higher-level cooperation.

On human resource training, activities based on a project-based model were discussed, allowing trainees to directly participate in Vietnam-China projects in fields such as AI, energy, new materials, and smart cities. China would focus on core technology training, while Vietnam would handle testing and application.

A mechanism for 'transplanting' experts and strong research groups was also discussed, whereby leading research groups could come to Vietnam for six to 24 months to form joint research teams, directly linked to technology transfer projects or the construction of production lines.

Collaborative schemes along the research-transfer-production chain were also discussed, aiming to help Vietnamese scientists participate in research in China and later implement applications domestically, while supporting businesses in accessing technology commercialisation.

On innovation and ecosystem development, both sides agreed to shift cooperation from technology transfer to joint research and development of core technologies. The focus will be business-oriented, promoting commercialisation of research results, expanding pilot production cooperation, and jointly developing products for the common market.

Strengthening participation in technology transfer forums, sharing experience in building policy mechanisms, and improving innovation tools – including mechanisms for selecting science and technology awards – were also on the agenda.

Strategic technology networks launched In a defining step towards establishing a high-tech-driven economy, Vietnam has launched three new high-level technology networks, including quantum technology, cybersecurity, and aerospace and unmanned aerial vehicles (UAVs).

Vietnam-US forum advances strategic technology collaboration A high-level innovation and investment forum in California has strengthened Vietnam's push to become a key node in global technology supply chains.

Vietnam, South Korea cooperate in strategic tech development Vietnam and South Korea will strengthen cooperation in strategic technology fields and carry out six joint research projects.

Photo: Ministry of Science and Technology

Pham Duc Long, Deputy Minister of Science and Technology, said, "Resolution 57 of the Politburo identifies science, technology, and digital transformation as areas for much-needed innovation, in which institutions need to become a competitive advantage to promote development."

"Vietnam is accelerating legal reforms to create a favourable environment for businesses," said Deputy Minister Pham Duc Long. "In 2025, the science and technology sector amended eight laws and enacted two new laws, while shifting from a management mindset focused on strict control to a more flexible approach, ready to adjust policies according to practical realities, especially for new technology fields."

Pham Duc Long, Deputy Minister of Science and Technology. Photo: Ministry of Science and Technology

Policies on AI are being developed based on risk-based management to foster innovation, with regulations shifting from pre-approval to post-approval and clear definitions for high-risk AI systems.

In the areas of data, digital services, data centres, and cloud computing, the Ministry of Science and Technology is researching policies to facilitate development while ensuring effective state management, and will continue to review and address issues as they arise during implementation.

Brian McFeeters, interim president and CEO of the US-ASEAN Business Council. Photo: Ministry of Science and Technology

Brian McFeeters, interim president and CEO of the US-ASEAN Business Council, said, "US businesses are looking to bring technology, capital, expertise, and long-term partnerships to Vietnam."

"The US business community is interested in Vietnam's Resolution 57 and believes there is still much room for cooperation in the fields of science, technology, and innovation," he added.

"With an investment of approximately $1 trillion annually in research and development, US businesses have the potential to contribute to the development of science, technology, and digital transformation in Vietnam," McFeeters said.

At the meeting, the Central Policy and Strategy Committee welcomed the proposals from US businesses and said it would continue coordinating with ministries and agencies to refine policies and improve the investment environment. The aim is to ensure greater stability, transparency, and convenience for businesses operating long-term in Vietnam.

50 leading US businesses to visit Vietnam A high-level business delegation, including 50 top US businesses, will visit Vietnam from March 18–21 to explore investment opportunities.

Washington trade mission set to explore collaboration opportunities The Washington State Office of the Governor is leading a delegation of about 46 businesses, government, port, industry, and education leaders on a five-day trade mission in Vietnam on April 8-12.

Vietnam remains attractive destination for US businesses Ramachandran AS, chairman of American Chamber of Commerce (AmCham) in Ho Chi Minh City told Bich Ngoc that the business trip paid by Party General Secretary and State President To Lam to the United States signals the vital partner of Vietnam in the region and strengthens Vietnam's position as an attractive destination for US businesses.

Vietnam, US business council discuss energy, high-tech cooperation Vietnam and the US are advancing economic cooperation across key sectors including energy, high technology, logistics, trade, healthcare, and consumer goods.

The agreement was sealed on April 14 during the official visit of a high-level Vietnamese delegation to China. The MoU outlines a comprehensive strategic collaboration in advanced interior design, fit-out, and technology application.

At the core of the 2026–2031 cooperation is the deployment of cutting-edge technologies such as building information modelling, along with integrated architectural and interior design solutions for Vietnam’s key national projects.

Gold Mantis will act as Sun Group’s strategic partner in realising the interior fit-out for the landmark complex, including an airport and other critical facilities, serving the APEC 2027 Conference in Phu Quoc. This nationally symbolic undertaking is currently the focus of Sun Group’s full resources to accelerate progress.

Sun Group has partnered with a number of international giants to collaborate on projects serving APEC and Phu Quoc in general.

With a firm commitment to green, clean, aesthetically refined, and environmentally responsible interior design that prioritises public health, Gold Mantis pledges to leverage its vast experience in designing and fitting out specialised facilities such as airports, theatres, luxury hotels, and convention centres. This expertise will help elevate the quality and visual appeal of Sun Group’s flagship projects.

Dang Minh Truong, chairman of Sun Group, said, “We share a vision of developing projects that leave lasting, valuable architectural legacies for our country. Collaborating with a global partner like Gold Mantis gives our team the opportunity to absorb modern construction technology, master the process, and elevate Vietnamese construction firms within the global value chain.”

Founded in 1993, Gold Mantis' portfolio includes mega-projects such as Beijing Daxing International Airport, one of the world’s most modern airports, Angkor International Airport in Cambodia, the China National Opera House, and the Hangzhou International Exhibition Centre. It currently employs over 10,000 skilled professionals and manages an annual investment portfolio exceeding $27 billion.

It is also the first company in China’s architectural design and decoration sector to be publicly listed. Gold Mantis owns brands including HBA, the hotel design and interior group behind Hilton, Hyatt, Four Seasons, and Ritz-Carlton.

Sun Group led consortium selected as investor for new urban area A consortium led by Sun Group was chosen by Ho Chi Minh City People’s Committee as the strategic investor for the $3.76 billion Binh Quoi-Thanh Da New Urban Area, according to a committee submission sent to Ho Chi Minh City People’s Council on February 5.

Sun Group takes controlling stake in Vietnam Digital Asset JSC Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.

Sun Group partners with CAI to manage Phu Quoc Airport Sun Group has signed a strategic partnership with Changi Airports International to manage Phu Quoc International Airport and introduce a new 'airport destination' model.

According to the MoF, maintaining preferential tax policies for battery-powered vehicles with fewer than 24 seats could deliver a number of positive impacts.

First, it would help accelerate the transition to clean energy vehicles, reduce emissions from transport activities, and improve air quality, particularly in major urban areas, while also contributing to lower traffic noise pollution.

Second, the policy would make it easier for individuals and businesses to access low-emission vehicles, at a time when the domestic EV market remains in an early stage of development and upfront investment costs for EVs are still generally higher than those for fossil fuel-powered vehicles.

Third, it would support investment orientation in domestic EV manufacturing and assembly, foster the development of supporting industries, and gradually form a related technical ecosystem in line with the automotive sector’s technological transition.

The MoF noted that, based on compiled data, total emissions reductions achieved since the introduction of preferential SCT rates for EVs in 2022, have been significant. CO₂ emissions were reduced by 5,936 tonnes in 2022, 27,454 tonnes in 2023, 74,690 tonnes in 2024, and 148,492 tonnes in 2025.

Based on EV performance data and assumptions by relevant authorities, each EV is estimated to cut approximately 0.85 tonnes of CO₂ annually compared to internal combustion engine vehicles.

With more than 300,000 EVs sold in Vietnam between 2022 and 2025, total emissions reductions are estimated at 256,000 tonnes of CO₂ per year.

Based on these analyses, the MoF has proposed extending preferential SCT rates for battery-powered passenger cars and four-wheeled passenger vehicles with fewer than nine seats, as well as pick-up passenger vehicles, at 3 per cent until the end of 2030, before increasing to 11 per cent from 2031.

For vehicles with between 10 and fewer than 16 seats, the proposed SCT rate would be 2 per cent, rising to 7 per cent from 2031. For vehicles with between 16 and fewer than 24 seats, the proposed SCT rate would be 1 per cent before increasing to 4 per cent from 2031.

On April 6, the government assigned the MoF to take the lead, in coordination with relevant ministries and agencies, in urgently finalising the draft resolution on extending SCT incentives for battery EVs through 2030. The proposal shall be submitted to the government for onward submission to the NA.

The MoF emphasised that the SCT is playing a key role in stimulating EV adoption and driving the development of the EV industry. In the context of Vietnam’s strong implementation of its commitments made in recent years, extending SCT incentives through 2030 would help ensure policy consistency with environmental protection and urban pollution reduction goals. It would also reduce reliance on fossil fuels and accelerate the transition from conventional vehicles to those powered by new energy sources.

Commenting on the proposal, Dao Cong Quyet, head of the Communications Subcommittee of the Vietnam Automobile Manufacturers Association, said the MoF’s plan meets the expectations of many EV manufacturers.

“If approved, this will serve as a highly important resource to encourage businesses to invest in the EV market. Strong growth in EV adoption will reduce the number of fossil fuel-powered vehicles, thereby cutting pollutant emissions and contributing to a greener living environment,” he said.

VinFast targets Gulf region lifestyle market with EVs The Vietnamese automaker positioned its electric vehicles to align with emerging consumer preferences in Middle Eastern markets.

Vingroup to build $850m EV-support industrial hub in Ha Tinh Vinhomes Ha Tinh Industrial Park Investment JSC, part of Vingroup, will develop factories for lease for the electric vehicle supply chain in Vung Ang Economic Zone.

Ho Chi Minh City advances low-emission private vehicles Ho Chi Minh City Department of Construction, in collaboration with the United Nations Development Programme, organised a workshop on advancing low-emission vehicles in Ho Chi Minh City on March 31.

Asia now contributes 62.6 per cent to global e-commerce growth, according to Nielsen IQ, cementing the region’s role as the world’s primary engine of digital trade. However, financial services platform Payoneer’s latest research highlights a striking paradox: as businesses scale online, more revenue is being lost at checkout before transactions are completed.

Across Asia-Pacific, businesses lose an estimated $72 billion annually due to checkout inefficiencies, from abandoned transactions to fragmented payment flows and hidden transaction costs. In Vietnam, this challenge is becoming increasingly relevant as companies shift toward direct-to-customer (DTC) models and expand into cross-border trade.

For many Vietnamese businesses, moving toward independent webstores is a strategic response to rising marketplace fees and the need for greater control over customer relationships.

However, owning the channel is only part of the equation. Converting demand into completed transactions is where many businesses face losses. This is often referred to as checkout leakage: the revenue that disappears between a customer deciding to buy and the payment being successfully completed or settled. It typically results from three types of friction.

First, cart abandonment occurs when customers exit at the payment stage due to failed authorisations, limited payment options, or unexpected costs at the final step. Each abandoned cart represents not just lost revenue but also wasted marketing spend.

Second, transaction fees, especially from currency conversion, can quietly reduce margins on cross-border transactions. At scale, these small deductions add up to a meaningful drag on profitability.

Third, settlement delays occur when funds take days or weeks to clear. As a result, businesses face cash-flow gaps that affect inventory purchases, advertising cycles, and supplier payments.

As customer acquisition costs continue to rise, businesses should broaden their focus from just attracting more traffic to capturing more value from existing demand.

According to Payoneer’s research, small or mid-sized DTC businesses generating $2–5 million annually could recover approximately $20,000 per year by optimising checkout performance alone. For many businesses, that amount can offset key operational expenses such as advertising, software subscriptions, or supplier payments.

Traditionally, checkout has been treated as a back-end technical function. Today, it is emerging as a direct driver of conversion rates, margins and cash-flow performance. Solutions like Payoneer Checkout, which is provided by Stripe Inc., are designed to address these inefficiencies by enabling a more integrated payment flow across markets and currencies.

By allowing businesses to collect, hold, and redeploy funds within a single ecosystem, this approach reduces reliance on external intermediaries and minimises repeated currency conversions.

The impact is measurable. Optimised payment infrastructure can achieve conversion rates of up to 95 per cent, increasing the proportion of completed transactions without additional marketing spend.

For Vietnamese exporters generating $10-20 million in annual cross-border revenue, this can translate into $120,000-$150,000 in recoverable value per year, alongside a 10-15 per cent improvement in earnings before interest, taxes, depreciation, and amortisation, according to the report.

Payment infrastructure is no longer just an operational consideration. It is becoming a strategic and regulatory priority. As Vietnam strengthens its position in global digital trade, businesses that address checkout inefficiencies will recover lost revenue while build a stronger operational foundation for sustainable cross-border growth.

Southeast Asian e-commerce market hit $157 billion in 2025 Southeast Asia’s e-commerce gross merchandise value (GMV) grew 22.8 per cent on-year in 2025 to reach $157.6 billion, as leading platforms returned to growth while continuing to improve infrastructure, fulfilment, and customer experience, according to Momentum Works.

Shopee and TikTok Shop account for 8 per cent of Vietnam’s retail market In 2025, transaction value on Shopee and TikTok Shop exceeded $16.3 billion, equivalent to nearly 8 per cent of Vietnam’s total retail market.

Vietnam's retail market tops $269 billion in 2025 amid e-commerce boom Vietnam's retail market recorded a five-year high in revenue, reaching $269 billion in 2025, according to the Vietnam Domestic Market Report 2025 released by the Ministry of Industry and Trade.

On April 16, the Canadian Chamber of Commerce (CanCham) Vietnam signed a virtual MoU with 20 other chambers and business associations to form the Canadian Chambers of the Indo-Pacific (CCIP). The ceremony was witnessed by Prime Minister Mark Carney and other invited guests.

"Now more than ever, with global trade changes and uncertainty, Canada's businesses need a champion like the CCIP," said Paul Thoppil, Canada's High Commissioner to Singapore and former Canadian Indo-Pacific trade representative. "This regional partnership marks the first time Canadian business organisations have banded together outside Canada for a more coordinated presence in the Indo-Pacific to unlock new trade opportunities and build resilient relationships."

Zach Herbers, president of CanCham Vietnam, said the MoU reflects the strategic importance of the Indo-Pacific region to Canada and Canadian business. "Vietnam is Canada's largest trade partner in ASEAN," he said. "As a member of CCIP, CanCham Vietnam aims to give an even stronger voice to our members and help them build stronger trade relationships and open new growth opportunities in bilateral trade."

The MoU brings together Canadian business communities from key Indo-Pacific markets – spanning the Indian Subcontinent to Japan and across ASEAN – to amplify the voice of Canadian business in Asia. The initiative is catalysed through partnerships with the Canadian federal government, provincial governments, and business communities in both Canada and the Indo-Pacific.

CCIP is a network of 21 independent chambers of commerce representing Canadian and Asian companies that employ thousands of people and invest in the region. Under the MoU, CCIP will support coordinated advocacy on trade and investment issues between Canada and Asia, facilitate knowledge sharing and best practices among Canadian chambers in the region, and undertake joint initiatives such as trade missions and conferences.

The network will also strengthen ties with the Canadian government and regional stakeholders, underscoring the role of the private sector in deepening economic ties across the Indo-Pacific.

Canada pledges $81 million for initiatives in Vietnam Canada has committed $81.43 million in development funding to support initiatives in Vietnam, focusing on climate action, inclusive institutions and economic empowerment for vulnerable groups.

Canada trade minister to visit Vietnam and Singapore Canada is strengthening engagement with key Asian partners as it seeks to diversify trade relationships and expand investment opportunities. An upcoming ministerial visit to Singapore and Vietnam is expected to advance bilateral economic cooperation.

Canada backs Vietnam’s green transition with AGILE project The Ministry of Finance, in collaboration with Global Affairs Canada, and the Embassy of Canada in Vietnam, launched the project “Advancing Innovation, Growth and Leadership Capacity for Vietnamese Enterprises” on February 6.

Vietnam Maritime Corporation (VIMC) aims to maintain stable growth across its business lines this year, with maritime transport volume projected at close to 23.8 million tonnes (up 10.5 per cent) and port cargo volume at just over 180 million tonnes (up 11 per cent).

Nguyen Canh Tinh, chairman of VIMC. Photo: VIMC

VIMC plans to focus its 2026 investments on strategic infrastructure projects and new services, including contributing capital to the Can Gio International Transshipment Port, developing air cargo transportation services, researching investment opportunities in shipbuilding or ship repair facilities, and joining investment in Quy Nhon Port.

At the shareholders' meeting on April 15, chairman Nguyen Canh Tinh announced that VIMC will contribute $280 million to the Can Gio Port venture. VIMC is part of a consortium – which also includes Saigon Port and Terminal Investment Limited Holding – that has been selected to invest in the project.

Terminal Investment Limited Holding, a member of Swiss shipping and logistics giant MSC, will contribute 46 per cent of the consortium's capital, while VIMC and Saigon Port hold 36 per cent and 15 per cent, respectively.

Tinh said the Can Gio project is of particular importance to socioeconomic development, contributing to national competitiveness and logistics system improvements, and aligns with the corporation's marine economy and deepwater port investment strategy.

"Because this is a large, key undertaking, depending on the ability to mobilise resources, the corporation will balance the investment capital structure, possibly considering an equity-to-loan ratio of 30/70 to ensure investment efficiency, capital preservation, and development," Tinh said

VIMC secures Top 10 Vietnam Gold Star award via its five core values Throughout its 30-year history, shipping giant Vietnam Maritime Corporation (VIMC) has maintained its solid position in the maritime transport industry, achieving numerous significant accomplishments, particularly the honour of being among the Top 10 Vietnam Gold Star Award winners in 2024.

International port developers eye Vietnam's potential International port operators are seeking business opportunities in Vietnam by boosting cooperation with local partners.

Delo Group, VIMC sign deal to develop Russia-Vietnam maritime transport Russia's Delo Group and Vietnam Maritime Corporation signed an MoU on the sidelines of the Vietnam-Russia Business Forum in Moscow on March 24.

In a submission to the Office of the US Trade Representative on April 15, the Vietnam Chamber of Commerce and Industry (VCCI) stated that production levels are closely aligned with actual market demand, and concerns over forced labour are not supported by actual business practices.

“Under the Law on Enterprises and the Law on Investment, the foundational legal frameworks governing business activities in Vietnam, companies operating in the country, regardless of ownership, function on an equal legal footing. They enjoy full autonomy in making decisions on output, inputs and markets based on business capacity and market signals,” the VCCI stated.

Recent expansions in production reflect broader global trends, including rising consumer demand, supply chain restructuring, and shifting international investment flows.

In key export sectors to the United States, such as electronics, machinery, furniture, textiles and footwear, most Vietnamese firms operate under contract manufacturing models for foreign partners. Production is therefore carried out strictly in accordance with agreed quantities, technical standards and intellectual property requirements.

As a result, output levels are tightly linked to actual market demand, preventing the emergence of systemic overcapacity.

On labour issues, the VCCI emphasised that both Vietnam’s legal framework and labour practices are aligned with international standards, including those related to forced labour.

In recent years, Vietnam has actively refined its legal system to meet global benchmarks, including commitments under new-generation free trade agreements and international labour conventions, notably Conventions No.29 and No.105 of the International Labour Organisation.

Vietnam’s 2019 Labour Code strictly prohibits forced labour in all forms, while guaranteeing workers’ rights to freely choose employment, negotiate working conditions and wages.

These rights are widely implemented in practice, particularly in the manufacturing sector. At the same time, as environmental, social and governance standards gain traction, businesses are increasingly investing in policies and practices to improve worker welfare and development.

Importantly, a large share of Vietnam’s export customers are multinational enterprises, which impose rigorous supply chain due diligence frameworks, especially in labour compliance. These mechanisms help prevent violations and ensure adherence to labour standards across the supply chain.

The Office of the US Trade Representative (USTR) launched two large-scale investigations in March, under Section 301(b) of the Trade Act of 1974, covering multiple countries, including Vietnam.

The investigations focus on (i) alleged systemic overcapacity in manufacturing and processing industries, and (ii) the use of forced labour in goods imported into the US.

Based on its arguments, the VCCI has called on USTR to conduct the investigations with caution, relying on comprehensive, up-to-date and objective information that accurately reflects Vietnam’s production realities.

An objective, evidence-based conclusion would help maintain supply chain stability, deliver tangible benefits to US businesses and consumers, and safeguard jobs for millions of workers in Vietnam’s manufacturing and export sectors.

Cooler Master eyes $3 billion investment in Vietnam Cooling module manufacturer Cooler Master plans to increase its investment capital in Vietnam to $3 billion as part of goals to strengthen its global supply chain.

UNIDO backs Vietnam's push for greener cement manufacturing A project to develop financing solutions for decarbonising Vietnam's cement industry has entered its detailed preparatory phase.

Manufacturers see strongest rise in selling prices in 15 years The war in the Middle East caused a marked acceleration in the rate of input cost inflation in the Vietnamese manufacturing sector during March, with selling prices subsequently rising at the fastest pace in almost 15 years.

The 2026 Vietnam National Branding Forum, held in Hanoi on April 16, offered a comprehensive overview of the country's branding journey while identifying key impediments and strategic directions towards 2035, with a vision to 2045.

Speaking at the forum, Hoang Minh Chien, deputy director general of the Trade Promotion Agency under the Ministry of Industry and Trade, noted that after more than two decades of implementation, the Vietnam National Brand Programme has achieved significant progress in both scale and standing.

“In 2003, there were only 30 participating firms, but that number has now risen to 190. This is a remarkable leap, reflecting the growing maturity of Vietnam’s business community,” he said.

According to Chien, the value of Vietnam’s national brand has also seen strong growth. Numerous Vietnamese companies have begun to establish a presence on the global brand map. Banks such as Vietcombank, BIDV and VietinBank have entered the world’s top 500 most valuable banking brands; Vinamilk ranks among the top 50 global dairy brands; and Viettel has emerged as a top telecommunications group in Southeast Asia.

However, he also pointed to a notable paradox – while the number of recognised national brand products has increased rapidly, their overall quality and value have yet to keep pace. The combined value of Vietnam’s top 100 corporate brands stood at approximately $38.4 billion in 2025, even declining by 14 per cent on-year.

This reflects a broader structural issue, with Vietnam still largely positioned in lower-value segments of global supply chains, focusing on original equipment manufacturing, while capabilities in original design manufacturing and own brand manufacturing remain limited.

Entering a new phase of development, Chien stressed that the national brand can no longer serve merely as an external 'showcase', but must become a substantive driver of national competitiveness. "This shift is particularly urgent as Vietnam targets developed, high-income status by 2045," he said.

"A strong brand cannot rely indefinitely on natural resources or low-cost labour. It must be built on knowledge, technology, and cultural identity," Chien added.

A key policy development is the launch of the 'Go Global' initiative for 2026-2030 under Decision 626/QD-TTg, marking a fundamental shift from providing support to actively accompanying businesses and sharing risks.

The programme sets concrete targets, including training 10,000 enterprises, supporting 1,000 companies in developing internationalisation strategies, and assisting 100 firms in overseas investment and deeper participation in global value chains.

"Our goal is that every Vietnamese product entering international markets carries a story – one that reflects quality, identity, and value," Chien added.

To achieve this, the implementation roadmap will be divided into phases. Starting in 2026, efforts will focus on strengthening inter-agency coordination, reforming programme delivery, and refining the national brand identity system.

Between 2027 and 2030, priorities will include supporting sector-based brand development, promoting high-value-added products, and accelerating the digitalisation of trade promotion activities. Beyond 2030, the focus will shift towards elevating and firmly establishing Vietnam’s brand position globally.

Santiago Velasquez

From an international academic perspective, Santiago Velasquez, interim senior programme manager at RMIT University Vietnam, observed that global awareness of Vietnam has improved significantly in recent years. “Where Vietnam was once relatively unknown, its products and culture are now increasingly visible in everyday consumption across many countries. This indicates that the national brand is becoming more recognisable,” he said.

However, he cautioned that moving from recognition to trust remains a major challenge, requiring a more systematic and consistent approach to national brand building.

Velasquez referred to the 'nation brand hexagon' model, which identifies six pillars shaping a country’s reputation: exports, governance, tourism, investment, people and culture. These elements are closely interconnected, and weaknesses in one can undermine the others.

The challenge, he argued, is not to excel simultaneously across all pillars, but to identify and prioritise key strengths. “A country cannot focus on everything at once. It must choose core pillars to invest in. Once one pillar becomes strong enough, it creates a spillover effect, enhancing the others and shaping overall perception,” he explained.

In practice, successful countries tend to adopt clear positioning strategies: Germany is associated with manufacturing quality, Singapore with governance excellence, and Estonia with digital innovation. A focused approach helps build a consistent and recognisable identity.

Among these pillars, culture plays a particularly important role in amplifying national brand strength, especially in building trust. “When a country is recognised through its culture, consumers develop familiarity and emotional connection. This becomes the foundation for trust in its products, services and business environment,” Velasquez noted.

He cited South Korea’s transformation following the 1997 Asian financial crisis as a case in point. By integrating culture into its development strategy, the country generated powerful spillover effects across exports, tourism and investment. As the national brand strengthened, scepticism towards product origin declined, enabling businesses to access global markets more effectively.

“The story of a national brand is not about how a country is perceived at a given moment, but about the standards it consistently upholds over time,” he said.

In an era of deeper integration, where competition extends beyond price to include quality, reputation, and value-addition, the national brand cannot be separated from enterprise capability and overall economic performance. “This is both a challenge and an opportunity for Vietnam to reshape its branding approach towards greater substance and sustainability,” he added.

Dinh Hong Ky

Dinh Hong Ky, chairman of Secoin, shared practical insights drawn from 37 years of operation and 12 consecutive years of achieving National Brand recognition. “Branding is not just about the product itself, but how it is understood, perceived and remembered,” he said.

He argued that Vietnamese companies do not lack quality products, but rather the ability to tell compelling and meaningful brand stories. As a result, the national brand does not yet fully reflect the country’s true production capabilities.

Businesses are also facing multiple challenges, including institutional barriers, high compliance costs, and difficulties in accessing land and investment opportunities. At the same time, increasingly stringent international standards, particularly “green barriers” such as environmental, social, and governance requirements, carbon footprint measurement, and traceability, are placing growing pressure on firms.

“Sustainability and supply chain transparency are no longer optional; they have become mandatory. What was once compliance is now a competitive advantage,” Ky noted.

In this context, green transformation is no longer a matter of awareness, but a matter of survival for companies participating in global supply chains. Vietnam’s commitment to net-zero emissions by 2050 is accelerating the need for deeper and faster change.

At the same time, building brands in overseas markets remains a weak point. Many Vietnamese companies still rely heavily on intermediaries, lack structured branding strategies, and operate without a strong support ecosystem.

Drawing from Secoin’s journey, Ky highlighted a core philosophy: Vietnamese firms do not need to become 'giants' to compete globally, but must instead identify and leverage their unique identity. “We are not a billion-dollar company, we compete through identity,” he said.

A strong international brand is built on five key elements: product quality, uniqueness, authenticity, design and environmental responsibility. Among these, authenticity goes beyond origin to encompass cultural, historical and traditional narratives conveyed in a compelling way.

Ky suggested that government support should extend beyond production to include design and branding. Industry associations should play a stronger role in connecting stakeholders and standardising sectoral benchmarks, while a more integrated ecosystem linking designers, businesses and markets is needed.

“The combination of cultural identity, business appeal and a commitment to innovation is driving Vietnam’s growing influence in international markets,” he concluded.

The move is part of a broader trend of consolidation in the consumer finance market, which continues to draw strong interest from both domestic and foreign financial groups despite past volatility.

The legal restructuring forms part of SHB’s roadmap to transfer the remaining 50 per cent of its charter capital in SHBFinance to Bank of Ayudhya Public Company Limited (Krungsri), Thailand’s fifth-largest financial group.

Vietnam's consumer finance market has great appeal to domestic and foreign investors

During the transition, SHBFinance will continue operating under its current name, maintaining its charter capital, headquarters, scope of operations, as well as all existing rights and obligations.

Upon completion, Krungsri will own 100 per cent of the company. Krungsri is a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial institutions. In 2023, SHB completed the transfer of 50 per cent of its charter capital in SHBFinance to the Thai bank.

Khlon Olena, CEO and legal representative of SHBFinance, said the legal transformation marks an important step in the company’s development journey.

“The combination of governance expertise and financial strength from Krungsri and MUFG, together with a deep understanding of the Vietnamese market, will enable SHBFinance to deliver comprehensive financial solutions to consumers,” she said.

Established in 2018 with charter capital equivalent to $40 million, SHBFinance operates in consumer finance, offering products such as cash loans, credit cards and online lending.

After eight years of operation, the company has served around six million loan applications, built a business network across 34 localities across Vietnam, and employs nearly 5,200 staff, placing it among Vietnam’s major consumer finance companies.

On March 24, southern-based HDBank announced it had increased its ownership in HD Saison Finance Co., Ltd. from 50 per cent to 75 per cent, officially taking a controlling stake.

The move is seen as a strategic step to strengthen the consumer finance pillar – one of the key high-margin growth drivers within the HD Financial Group (HDFG) ecosystem.

According to HDBank, the higher ownership stake enhances control and allows consolidation of economic benefits, while accelerating data integration and leveraging an ecosystem of more than 34 million customers.

It also helps optimise cross-selling efficiency across banking, consumer finance, digital banking and securities.

Within HDFG’s structure, HD Saison leads mass-market consumer finance encompassing more than 33 million customers; Vikki Bank serves as a digital bank targeting young customers and micro-enterprises; HDBank acts as the core bank for mid- to high-end segments and corporate clients; while HD Securities operates in investment services and asset management.

HD Saison is currently among the most efficient consumer finance companies in the market, with return on average equity exceeding 22 per cent, return on assets (ROA) ranging from 5 to 5.8 per cent, cost-to-income ratio at nearly 37 per cent, and capital adequacy ratio above 24 per cent – among the highest in the industry.

In 2025, HD Saison’s outstanding loans grew by 21.2 per cent, while pre-tax profit approximated $55.6 million, the highest level on record. In the coming period, the company aims to maintain ROE at around 25 per cent and ROA at about 5 per cent, while ensuring strong growth alongside tight risk control.

Meanwhile, Home Credit Vietnam called off its merger and acquisition deal with a Thai partner in March 2026.

Particularly, on March 26, Home Credit Group and SCBX Public Co., Ltd. confirmed the termination of the Home Credit Vietnam merger agreement due to objective factors that prevented the transaction conditions from being met within the agreed timeframe.

Earlier, the Board of Directors of Siam Commercial Bank (SCB) had approved a plan to acquire 100 per cent of Home Credit Vietnam at a valuation of approximately $839 million.

Home Credit Group had also announced the transfer of all of its equity in Home Credit Vietnam Finance Company to SCB, a member of SCBX, in a deal valued at around €800 million (equivalent to $865 million).

Despite the failed transaction, Home Credit Vietnam reported strong financial results for 2025. According to its financial statements submitted to the Hanoi Stock Exchange, total assets rose 36.8 per cent compared to the start of the year, driven by growth in retail lending, while total outstanding credit increased 37.4 per cent.

The company posted after-tax profit of $83.04 million in 2025, up 60.7 per cent on-year. The strong growth reflects the effectiveness of its digital transformation strategy and customer-centric approach.

Consumer finance regains growth momentum Consumer finance firms have enjoyed a buoyant performance so far this year after facing a tough 2023.

Home Credit Vietnam brings financial literacy closer to women and students From a series of financial management workshops for students to activities supporting vulnerable women, Home Credit wants every individual to have financial knowledge to make safe and responsible decisions.

HD SAISON strengthens position at APEA 2025 with Corporate Excellence Award HD SAISON has won the Corporate Excellence Award for its achievements in technological innovation, sustainable growth, and contributions to Vietnam's consumer finance industry.

The event took place at the Embassy of Vietnam in Beijing on April 16 in the presence of Deputy Prime Minister Phan Van Giang, along with senior government officials and representatives of leading enterprises from both countries.

The event was held during the state visit of Vietnam’s General Secretary and President To Lam to China.

Driven by its vision to become a multinational aviation group, Vietjet is expanding its international flight network and investing in a modern fleet. Supporting this strategy, SPDB brings strong financial capacity and extensive experience in financing large-scale projects. Through the entity, the bank plays an important role in structuring aircraft leasing and financing solutions, helping airlines optimise capital and execute long-term growth strategies.

The two parties agreed to finance aircraft through operating leases, with a larger scale and deeper level of cooperation, covering up to 10 COMAC C909 aircraft. This step contributes to optimising the operational efficiency of Vietjet’s fleet, while diversifying financial resources and enhancing access to international capital markets.

The agreement also lays the foundation for Vietjet to gradually introduce COMAC aircraft into operations on routes connecting Vietnam and China, thereby expanding the regional network and boosting bilateral air connectivity. At the same time, the cooperation contributes to strengthening regional and global aviation value chain links.

During the state visit, Vietjet also announced five new routes between Vietnam and China: Hanoi–Hangzhou, Hanoi–Enshi, Hanoi–Huangshan, Ho Chi Minh City–Guilin, and Ho Chi Minh City–Huangshan. The new services connect key economic, cultural, and tourism centres while supporting Vietnam–China Tourism Cooperation Year.

Cooperation between Vietnamese and Chinese enterprises reflects a growing trend of deeper links between financial institutions and airlines. These partnerships are fostering more flexible and effective cooperation models, contributing positively to the continued development of the Vietnam–China comprehensive strategic partnership.

Livzon subsidiary seeks control of Imexpharm A subsidiary of China’s Livzon Pharmaceutical Group has launched a major tender offer for Imexpharm, signalling a potential change in control at the Vietnamese drugmaker.

China's GoodWe opens inverter factory in Haiphong GoodWe, a Chinese photovoltaic (PV) inverter manufacturer, has announced the official commencement of operations at its first overseas manufacturing plant in the northern port city of Haiphong.

China's Biel Crystal to start production at Hai Duong facility in Q3 China's Biel Crystal, specialising in smart device exterior structure manufacturing, announced that it has made significant progress on its second major production base in Vietnam.

The move reflects the company’s vision to anticipate the suburbanisation trend when Hanoi will develop urban areas along both sides of the Red River, expand living spaces beyond the traditional urban core, and forming modern, civilised residential communities.

Covering 20.3 hectares, CEOHomes Hana Garden is an integrated urban township with synchronised technical and social infrastructure. The venture will deliver 511 low-rise units, two commercial apartment towers, and four social housing buildings to meet both genuine living demand and medium- to long-term investment needs as the market shifts towards areas with completed infrastructure and clear growth potential.

The venture has one side adjacent to National Highway 23B, nearly 1km of frontage along the 100m wide Me Linh Road, and proximity to the regional administrative centre. From here, residents can easily access central Hanoi, Noi Bai International Airport, and nearby industrial parks.

European neoclassical architecture has been selected as the main style, offering an elegant, cohesive, and highly recognisable facade. The complex boasts a comprehensive range of amenities, including schools, multipurpose sports facilities, swimming pools, children’s playgrounds, a clubhouse, a supermarket, office spaces, parking areas, and community spaces with outdoor gyms, sculpture gardens, a free green library, and eco-paths.

The initiative will contribute to creating architectural landscapes, improving the facade of the area's infrastructure, supporting the suburbanisation process, and supplementing the supply of affordable housing to meet the genuine needs of the market.

In its initial phase, the project has contributed VND2.13 trillion ($81.9 million) in land-use fees to the state budget. It is projected to create thousands of jobs during construction and hundreds more during operation.

Under Hanoi’s development strategy to 2030 with a vision to 2050, the northern area of the Red River has been identified as a new growth space with rapidly developing and synchronised infrastructure. There is a slew of key transport projects in the pipeline, including ring road 4, expected to be operational by 2027; parallel roads to the ring road passing through Me Linh, which are largely completed; Hong Ha Bridge, which broke ground in 2025; Thuong Cat Bridge; and planned urban railway lines connecting the northern area.

Amid increasingly scarce inner-city land and high price benchmarks in the downtown, Me Linh is emerging as an affordable option for both homebuyers and medium- to long-term investors. From central Hanoi, residents can reach Me Linh via Thang Long Bridge or Nhat Tan Bridge in around 25 minutes, while Noi Bai airport is just a 10–15 minute drive away.

The upcoming completion of new bridges will shorten the commuting time, enhance the appeal of the area to experts, engineers, and business professionals working in the Noi Bai-Bac Thang Long corridor.

CEO Group unveils its first 5-star resort in Van Don CEO Group opened the Wyndham Garden Sonasea Van Don Resort on April 20 within the prestigious Sonasea Van Don Harbour City Complex, marking a new pinnacle of luxury in Quang Ninh province.

CEO Group breaks ground on Novotel Cam Ranh Resort CEO Group started construction of Novotel Cam Ranh Resort at Bai Dai - Cam Ranh in Khanh Hoa province on June 21.

CEO Group breaks ground on first industrial park in Haiphong Free Trade Zone Amid Vietnam’s strong shift from attracting investment by quantity to selecting and guiding capital flows based on quality, on January 15, CEO Group officially broke ground on Tien Lang Airport Industrial Park – Zone B (CEOZone Haiphong) project in Chan Hung commune, Haiphong city.

As part of the three-day programme, the Citi delegation joined a series of meetings with senior leaders across Vietnam’s newly formed government, reflecting the strength of the Vietnam economic relationship and the US business community continued commitment to supporting Vietnam’s next phase of growth.

During the mission, the delegation had an official meeting with Prime Minister Le Minh Hung and engaged with a broad range of high-level officials, including leaders from the National Assembly, a range of ministries, the State Bank of Vietnam, and other key government bodies.

“Vietnam’s economic progress and reform agenda creates opportunities for deeper public-private dialogue. We value the opportunity to engage with senior government leaders and to share Citi’s global perspectives and regional experience as Vietnam advances its agenda for growth, competitiveness and greater integration with the global economy,” said Catherine Simmons, head of Government Affairs for Japan, Asia North/South, and Australia at Citi.

Citi’s participation in the annual mission underscores the bank’s long-standing commitment to Vietnam and its role in supporting corporate clients through the country’s continued economic transformation, international integration, policy development, and regulatory modernisation.

Through its extensive global network and deep local presence, Citi continues to work closely with multinational corporations, financial institutions, public sector stakeholders and leading Vietnamese companies to help facilitate cross-border trade, investment and capital flows.

“Vietnam remains one of the most dynamic and strategically important markets in Southeast Asia,” said Minh Ngo, Citi country officer and banking head for Vietnam. “We were honoured to join the ASEAN Business Council delegation and engage with senior leaders across the new government. Through these discussions, we clearly demonstrated both our readiness and our ability to support the country’s ambitions for faster growth and deeper global connectivity.”

The mission provided an important platform for dialogue on Vietnam’s economic outlook, investment climate, infrastructure development, financial sector modernisation, energy transition, healthcare, digital transformation, and broader trade priorities. It also highlighted the important role of international business in supporting Vietnam’s development goals and deepening commercial ties between Vietnam, the US and the wider region.

Citi has been present in Vietnam for more than three decades and remains focused on helping corporate clients navigate a rapidly evolving business environment through its network, insights, and full suite of banking products and solutions.

Citi report finds global trade transformed by tariffs and AI Citi has released the latest edition of its Global Perspectives & Solutions report, examining how global trade is being reshaped by tariff volatility, AI, and the continued shift towards regionalised supply chains.

Citi economists project robust Vietnam economic growth in 2026 Vietnam’s economy looks to maintain strong growth momentum in 2026, with robust domestic demand playing a central role in offsetting cyclical export headwinds, according to the latest Vietnam Economics Outlook report by Citi Research on February 12.

Citi sharpens its focus on institutional banking Citi boasts strength in cross-border payments and supply chain finance. Minh Ngo, newly appointed Citi country officer and banking head for Vietnam, discussed the bank’s strategic priorities in this country with VIR’s Thien Huong.

Le Don, secretary of the MoF Youth Union, explained that young professionals in the finance sector must uphold political responsibility, professional competence, and a strong aspiration to contribute while participating in the implementation of the Party’s major policies, thereby supporting the country’s rapid development.

“In the context of ongoing global economic volatility, Vietnam has maintained macroeconomic stability, sustained growth, and laid the groundwork for entering a new development phase, targeting high growth from 2026 throughout the 2026-2030 term. To realise this goal, the requirements extend beyond financial resources and appropriate institutions to include a workforce capable of adaptation and innovation,” said Don.

“From this perspective, finance sector youth should no longer be viewed merely as a successor generation; rather, they are expected to take the lead in renewing governance thinking, advancing administrative reform, modernising public finance, and shaping a new development environment,” he added.

Le Don, secretary of the MoF Youth Union

A representative of the Youth Union of the Department of Private Enterprise and Collective Economy Development, under the MoF, noted that the implementation of Resolution 68 has delivered positive results, as reflected in progress in task execution and continued improvements in the investment and business environment.

“In this process, young officials have been deeply involved in policy advisory work, enterprise support, startup ecosystem connectivity, and the development of monitoring and evaluation tools for policies,” he said. “However, the innovative startup sector still faces issues in scale, resources, and support mechanisms, requiring further institutional refinement, accelerated digital transformation, and expanded policy dialogue to create more room for growth.”

Meanwhile, state-owned enterprise (SOEs) continue to be identified as a key material force, playing a crucial role in maintaining major economic balances and investing in foundational sectors. However, to meet new requirements, the sector must further strengthen governance reforms, improve operational efficiency, and enhance competitiveness.

With the goal of further boosting the role of youth in innovation and improving SOE performance, representatives of the Youth Union of SOE Development Department proposed four key tasks: to continue grasping the Party’s objectives under Resolution 79; to contribute to the development of legislation on the management and investment of state capital in enterprises; to coordinate with grassroots youth organisations in enterprises under the MoF’s representation to organise study visits and field trips; and to maximise strengths in foreign language proficiency and technology.

The secretary of the Youth Union of the National Institute For Economics And Finance under the MoF underscored that throughout the implementation of Resolution 79, youth members in the finance sector play a crucial role, and put forward recommendations to further enhance their contribution to innovation and SOE performance improvement.

Youth members must closely follow and strictly implement directives from the MoF Party Committee, Party leadership, and unit leadership; uphold a strong sense of responsibility and professionalism; and strive to fulfil both professional and political tasks, the representative stated.

Nguyen Duc Minh, a researcher at the Private Economic Development Research Board under the Prime Minister’s Advisory Council for Administrative Procedure Reform, argued that as long-term development goals have been established, the traditional ex-ante management model should gradually transition towards data-driven and risk-based governance.

Minh also highlighted that measures such as reducing compliance costs, enhancing data connectivity, expanding regulatory sandbox mechanisms, and improving the quality of ex-post inspection should be implemented in a coordinated manner.

“In this process, finance sector youth have a clear advantage due to their ability to adopt new technologies, open mindset, and high adaptability,” he said. “With their dynamism, responsiveness to change, and strong aspiration to contribute, young professionals in the finance sector are expected to become a driving force for institutional reform, governance modernisation, and improved operational efficiency across the sector.”

MoF moves to expand farm insurance support and eligibility The Ministry of Finance has proposed sharply increasing agricultural insurance premium subsidies to up to 95 per cent and widening the pool of eligible beneficiaries to better share risks with producers, stabilise farm incomes, and strengthen climate resilience.

MoF moves to cut fuel tax amid global oil volatility The Ministry of Finance has proposed halving environmental protection tax on petrol and diesel to ease cost pressures amid volatile global oil prices.

MoF proposes 20 per cent tax on unlisted securities transfers The Ministry of Finance (MoF) has proposed a 20 per cent tax on income derived from capital transfers, including transactions involving unlisted securities.

Photo: The MoC

She stated that the US business community is eager for the MoC to share information and discuss ways to support Vietnam in its new development phase, with a focus on boosting innovation-based growth. Areas of their interest include the ministry's priorities in effectively implementing key national infrastructure projects, developing social housing, and building a transparent and stable legal framework for housing, urban development, and the real estate market.

Accordingly, cooperation directions could focus on developing modern, highly interconnected, and resilient infrastructure systems; utilising sustainable urban development; and improving construction efficiency.

The others are supporting the modernisation of the logistics sector and related infrastructure, aiming to enhance Vietnam's ability to participate in diverse and resilient global supply chains; while encouraging the application of technology and innovation in the fields of construction, engineering, and urban planning.

Specifically, transportation companies such as FedEx, Atlas Air Worldwide, and UPS plan to increase investment and expand their presence in Vietnam, aiming to develop freight and logistics operations, especially air freight.

Businesses also requested that the MoC and relevant agencies of Vietnam create stronger conditions for investment and expansion of transportation service infrastructure at airports, as well as improve policies to support the development of transportation, logistics, and transport.

Photo: The MoC

In the aviation sector, Boeing expressed its readiness to partner with and support Vietnam in commercial aviation, defence and security, supply chain development, technical training, and community initiatives. This includes aspects of fleet development, ensuring aviation energy security, and encouraging the use of sustainable aviation fuels.

In response, Deputy Minister of Construction Nguyen Tuong Van expressed appreciation for the interest and positive contributions of USABC member businesses to Vietnam's economic development in recent years.

He stated that as Vietnam accelerates the development of synchronous and modern infrastructure, the need to mobilise resources, absorb international experience, and apply science and technology is immense.

"Therefore, the ministry wishes to strengthen cooperation with US businesses in the development of transportation infrastructure such as airports, seaports, and railways, as well as in other areas including urban development, building materials, digital transformation, and high-quality workforce training," he said.

Regarding transportation infrastructure development, the Socioeconomic Development Strategy for the period 2021-2030 prioritises the development of expressways, airports, high-speed rail and urban rail systems, and seaports, while strengthening transportation connectivity between regions, such as the Mekong Delta and the northern mountainous region; along with focusing on solutions to address climate change and flooding.

Photo: The MoC

Deputy Minister Van noted that Vietnam has achieved significant progress in the transport and construction sector. The North-South expressway has been largely completed, bringing the total length of expressways nationwide to more than 3,000 km. Investment in Long Thanh International Airport is being accelerated, research is under way on the North-South high-speed railway, and the seaport system currently operates 306 berths.

Vietnam has also issued key policies to promote investment in transportation infrastructure, focusing on mobilising diverse sources of capital, including the non-state sector and international organisations, while refining the legal framework, investment incentives, and specific mechanisms.

The state encourages foreign investment and public-private partnership models in the infrastructure sector, applying preferential tax, fee, and land policies for businesses investing in transportation and urban development, while also promoting industrial development and technology transfer.

Regarding the proposals from US businesses, the deputy minister acknowledged them and said he would assign relevant units to compile, research, and consider them during policy finalisation and implementation. He also said the ministry is ready to act as a focal point for information exchange and business support within its assigned functions.

Deputy Minister Van expressed hope that US businesses would continue sharing international experience and proposing specific, feasible solutions to improve planning, design, construction, and operation of infrastructure projects in Vietnam, while focusing on cooperation in training and human resource development to enhance the construction industry's capacity.

"We hope to receive close cooperation from businesses, especially in essential infrastructure sectors, which are currently key areas for investment attraction in Vietnam," he said.

He requested that businesses continue contributing policy opinions and proposing cooperation and investment initiatives with the ministry to achieve practical and effective results.

US-ASEAN links attain higher status Given the current global challenges and uncertainties, the US-ASEAN business community is pinning high hopes on new opportunities in Vietnam backed by strong support from the government.

Cooperation advantages from US-ASEAN relations The economic landscape of Vietnam has undergone remarkable transformations, positioning it as one of the most dynamic and rapidly growing economies in Southeast Asia. The country has increasingly become a key player in the global market, attracting foreign direct investment from around the world, with the United States standing out as one of the most significant contributors.

Taking proactive steps to keep strong US interest in Vietnam As US-ASEAN companies maintain a strong interest in Vietnam, a new surge of investment is expected despite tariff uncertainties. Ted Osius, president and CEO of the US-ASEAN Business Council, spoke to VIR’s Thuy Nguyen about how to hold the attention of the US.

US business delegation heads to Vietnam to foster cooperation A high-level US business delegation will pay a visit to Vietnam to promote trade investment and long-term partnerships.

Vietnam, US business council discuss energy, high-tech cooperation Vietnam and the US are advancing economic cooperation across key sectors including energy, high technology, logistics, trade, healthcare, and consumer goods.

For short-term tourist units in apartment buildings, the new regulations stipulate that apartment owners must register their tourist accommodation business and ensure compliance with tourism laws.

“Tenants and landlords can register temporary residence and notify the authorities of their stay through digital platforms such as the National Public Service Portal, the Ministry of Public Security's Public Service Portal, and the VNeID mobile application,” the decision released.

It also provides more detailed regulations on the exploitation of common areas such as lobbies, car parks, and commercial areas.

Revenue from these activities must be deposited into an account to support the maintenance of the building, while ensuring transparency and accountability. This is considered an improvement compared to previous regulations, which often caused controversy regarding the distribution of benefits from common amenities.

Regarding responsibilities in the operation of apartment buildings, Decision 19 clearly states that apartment owners and operators must fully comply with tax obligations, ensure public order, and are also responsible for requiring tenants to comply with the apartment building's regulations.

The management board and residents are responsible for facilitating the business operation of organisations and individuals providing services and commerce in accordance with the building’s designs and must not cause any unlawful obstruction. The management board has the right and responsibility to report violations of residency, public order, or fire safety regulations to the relevant authorities.

Furthermore, Decision 19 also states that Ho Chi Minh City Public Security will increase inspections of residency registration, while the Department of Construction will annually evaluate the performance of commune-level People's Committees in managing their projects.

Public Security forces will also investigate and hold accountable those responsible for misappropriating maintenance funds.

According to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA), Decision 19 allows short-term apartment rentals for tourism and accommodation purposes, but landlords and apartment owners must register their businesses, fulfil tax obligations, sign contracts with tenants, register temporary residence, and comply with the rules and regulations on the management and operation of apartment buildings. This is a point that HoREA has repeatedly proposed.

“To facilitate implementation, we propose that the Ho Chi Minh City Department of Construction consider submitting to the Ho Chi Minh City People's Committee a proposal to supplement regulations on electric vehicle parking areas (cars and motorbikes) and the placement of electric charging stations in Article 5 (parking spaces in apartment buildings) and Article 18 (responsibilities of the investor) to ensure fire safety and meet the actual needs of the people,” said Chau.

The 2014 Housing Law and its guiding decrees have introduced strict regulations prohibiting the use of apartment units for purposes other than residential use, claiming that the leasing could make impacted to the permanent residents of that buildings.

In Ho Chi Minh City, over the past two years, management agencies and local authorities have often cited this regulation to tighten control over short-term rentals using the Airbnb model, causing numerous conflicts between landlords, management boards, and residents, especially regarding security and noise issues.

Meanwhile, market demand for this type of apartment continues to surge, posing a dilemma for regulators: tightening regulations is ineffective, but loosening them creates management problems due to the lack of a legal framework.

Decision 19 is expected to help partially resolve this issue and bring this renting activity under clearer regulatory control.

Proactively taking advantages of sharing economy The sharing economy makes the market more competitive, services more diversified, and opens up opportunities for investment, employment, and customers will benefit.

Airbnb-style practices targeted with tax proposals Proposals currently being pored over to recognise short-term leasing of apartments as a legal business will put pressure on popular homestay groups such as Airbnb.

The meeting, held on April 16, underscored the company's role in the global supply chain amid surging demand for strategic metals driven by AI and semiconductor expansion. The rapid advancement of AI is ushering in a new growth cycle for high-tech materials, particularly tungsten – an essential input for advanced manufacturing.

Against this backdrop, Masan High-Tech Materials is leveraging its resource base and downstream processing capabilities to strengthen its position in the global value chain.

At the AGM, company leadership highlighted the strategic importance of materials from the Nui Phao mine in the global AI and semiconductor ecosystem. The company currently holds an estimated 21 per cent market share outside China in this segment.

Michael Glover, CEO of Masan High-Tech Materials said, “Through strategic investments, a focus on enhancing the value of our core product portfolio, and disciplined cost optimization, we are transforming our strategic material advantages into financial growth and long-term stakeholder value.”

Michael Glover, CEO of Masan High-Tech Materials

The company recorded revenue of $278 million in 2025, up 19 per cent on a like-for-like basis. Growth momentum has accelerated into 2026, supported by a sharp increase in tungsten prices. In the first quarter, ammonium paratungstate (APT) prices exceeded $3,100 per metric tonne unit (mtu), well above market expectations.

Preliminary results show first-quarter revenue of approximately $112 million and net profit after tax of $20 million, already surpassing the full-year profit for 2025. The strong performance marks a better-than-expected start and sets the stage for continued growth in the remaining quarters.

The upcycle in tungsten prices, rising nearly tenfold from early 2025, has been a key driver of profitability, alongside operational restructuring and tighter financial discipline.

Looking ahead, the company expects to generate strong operating cash flow, prioritising reinvestment and balance sheet deleveraging. Assuming APT prices remain above $1,500 per mtu, Masan High-Tech Materials targets achieving a net cash position in 2027-2028, enabling potential dividend payments.

The company has set a 2026 revenue target of $640-812 million and net profit of $68-100 million, reflecting confidence in sustained market tailwinds.

Masan High-Tech Materials is also progressing with plans to transfer its listing to the Ho Chi Minh Stock Exchange, aiming to enhance transparency, improve liquidity, and attract a broader base of institutional investors.

Phan Chien Thang, deputy CEO, explained the company’s favourable positioning for future growth. “We are at a golden moment for breakthrough growth.”

“The convergence of strategic resource assets, world-class processing capabilities, increased strategic stockpiling, and surging AI-driven demand is creating strong momentum for our next development phase,” he added

Tungsten surges to 12-year high as world enters a new 'black gold' race

Masan High-Tech Materials reports profit: a view from Nui Phao mine

Global surge in critical minerals stockpiling: a strategic edge for Vietnam

Masan High-Tech Materials plans HSX listing

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Renewable energy remains the primary focus, accounting for 49.5 per cent of the green portfolio. Sustainable water management follows at 17.4 per cent, green buildings at 16.6 per cent, and sustainable agriculture and forestry at 14.5 per cent, with clean transport comprising the remaining 2 per cent.

From 2026 onwards, OCB intends to maintain this ratio at approximately 9-10 per cent of total loans, above the industry average, while extending eligible sectors to include energy efficiency and sustainable farming.

CEO Pham Hong Hai stated that green credit remains a central operating priority.

“On the foundation of strategic cooperation with International Finance Corporation (IFC) and international financial institutions, OCB is progressively completing its green bank governance framework,” Hai said. "The bank is strengthening the integration of environmental, social, and governance (ESG) criteria into credit activities and risk management."

OCB has secured long-term capital and technical assistance from international backers, including IFC and Germany’s DEG.

Hai noted that OCB will grow these ties to vary green capital sources and eventually use instruments like sustainability-linked loans as the market matures.

The IFC green banking advisory programme has been a key factor in bettering governance, helping OCB increase its number of eco-friendly ventures.

“Our bank is consistently monitoring cash levels to align with Basel III standards in a broader effort to meet international safety requirements,” he noted.

The green strategy sits alongside wider financial targets, with pre-tax profit aimed at $278.4 million this year, a 39 per cent surge on last year’s $200.8 million.

Total assets are targeted at $14.17 billion, while deposits and credit are projected to grow 14 per cent and 15 per cent respectively.

Chairman Trinh Van Tuan told shareholders that the strong targets rest on a meaningful improvement in asset quality following a difficult cycle.

“From 2022 to 2024 OCB’s business activity slowed due to the impact of changing monetary policies, which affected the bank’s operating results,” Tuan said. “Non-performing loans (NPL) are concentrated mainly among retail customers with collateral, and peaked in 2024, while the NPL ratio among corporate customers remains very low. In 2025, NPL control and debt collection saw significant improvement, reflected in debt recovery growth that doubled compared to the previous year. This forms the basis for OCB setting an ambitious plan for 2026.”

During the meeting, shareholders approved a plan to issue 399.46 million new shares at a 15 per cent ratio to existing shareholders from equity reserves, lifting charter capital from $1.07 billion to $1.23 billion.

The proceeds will support lending, tech investment, and product development. Japan’s Aozora Bank is expected to remain the bank’s sole major shareholder at 15 per cent, while OCB intends to issue convertible bonds in the near future to fill the remaining 10 per cent foreign ownership limit.

OCB takes next step in AI integration Southern lender Orient Commercial Joint Stock Bank (OCB) and FPT Corporation signed off on the Data Analytics Modernisation Project, using Oracle ExaC@C Database 23ai, in Ho Chi Minh City on January 10.

Outlook brightens for bank stocks in H2 As bank stocks continue to trade below their book value, the sector is seeing growing optimism for the second half of the year (H2).

Four Vietnamese banks join $5.6 trillion green finance alliance Four Vietnamese banks have joined the Alliance for Green Commercial Banks, signalling a major step in advancing sustainable finance in the country.

The meeting took place on April 15, following FTSE Russell’s March interim review, which confirmed progress towards upgrading Vietnam to Secondary Emerging Market status. Both sides discussed measures to facilitate foreign participation, including enhancing the legal framework, reducing business conditions, and advancing the central counterparty clearing mechanism

State Securities Commission (SSC) chairwoman Vu Thi Chan Phuong thanked FTSE Russell for its positive assessments, which recognise Vietnam’s progress in policy reform, improvements to the legal framework, and market management. She also provided updates on market conditions and recent regulatory reforms aimed at increasing foreign investor participation.

"We commended the initial results of the cooperation agreement between FTSE Russell and the Vietnam Exchange, particularly in information exchange, sharing international experience, and developing market indices. The SSC will continue to support both parties to ensure effective collaboration," she added.

Speaking at the meeting, Gerald Toledano, global head of Custom Solutions and Alternatives at FTSE Russell, congratulated Vietnam on its confirmed upgrade to Secondary Emerging Market status and the planned inclusion of Vietnamese equities in the FTSE All-World Index.

"For a long time, FTSE Russell has not recorded any additional cases of markets being upgraded to emerging market category," Toledano said. "The upgrade of Vietnam's securities market is of great significance for the domestic market and helps establish a new, higher benchmark. Markets aiming for future upgrades will need to make greater efforts to achieve results similar to those of Vietnam."

Toledano noted significant potential for further cooperation and reaffirmed their commitment to partnering with Vietnam to develop its securities market, particularly by creating new products and indices that meet international standards.

He went on to explain that a comprehensive global index system enables international investors to access the Vietnamese market more easily through index-tracking funds and passive investment products. This enhances market accessibility and supports the growth of foreign investment in Vietnam.

The two sides discussed operational solutions to enhance convenience for foreign investors, including improving the legal framework by reducing business and investment conditions, simplifying administrative procedures, and advancing the development of Vietnam’s securities clearing and settlement system under a central counterparty mechanism.

After the meeting, both sides agreed to strengthen cooperation, particularly by promoting research and development of new products aligned with international practices to diversify market offerings. This will expand investment opportunities, enhance competitiveness, and attract both domestic and foreign capital to Vietnam’s securities market.

The FTSE All-World Index is one of the world's most recognised benchmarks for global equities, covering approximately 4,200 large and mid-cap stocks across developed and emerging markets in more than 45 countries. As part of the FTSE Global Equity Index Series, it represents around 90-95 per cent of the world's investable market capitalisation, offering broad, transparent exposure to global equities in a single measure.

FTSE Russell clarifies Vietnam’s reclassification roadmap for 2026 FTSE Russell has released the plan to implement the reclassification of Vietnam from frontier to secondary emerging market status.

Stock market posts resilient 2025 performance Vietnam’s stock market closed 2025 on a strong footing, demonstrating resilience amid global volatility and reinforcing investor confidence in its long-term growth trajectory.

FTSE Russell confirms Vietnam market reclassification FTSE Russell, the global index provider, has confirmed the reclassification of Vietnam to secondary emerging market status, effective from September 21, 2026.

The facility marks the first offshore institutional financing raised by a Vietnam-incorporated TechCoop entity, and highlights the growing strength and scalability of TechCoop agricultural supply chain platform across Vietnam.

Farmnet trades agricultural commodities across Vietnam’s domestic supply chains, working directly with processors, cooperatives, and farming businesses as a well-capitalised trading counterparty that can move at scale and offer flexible payment terms. Operating across 20 locations nationwide, Farmnet trades key Vietnamese commodities including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed agricultural products.

In 2025, TechCoop earned revenues of approximately $220 million across its operations. Farmnet specifically serves over 641 cooperatives and agri-enterprises across 28 out of 34 provinces.

The Symbiotics facility will be used as working capital to support increased trading volume with processors, cooperatives, and agri-businesses it serves.

By providing reliable and scalable trade liquidity, Farmnet helps Vietnam’s agricultural players access stable market channels and improve their operational resilience. The financing is expected to strengthen value chain efficiency and enhance income opportunities for local stakeholders.

Vietnam’s agriculture and fishery sector accounted for 11.86 per cent of GDP in 2025, according to the National Statistics Office. Despite its importance, access to reliable and well-capitalised trading partners remains a structural challenge for the processors and cooperatives that form the backbone of the country’s agricultural supply chains.

Beyond Vietnam, TechCoop Investment & Technology, Farmnet’s Singapore-based parent company, plans to expand into Cambodia, Laos, and Thailand in 2026, further extending its agricultural supply chain platform across Southeast Asia.

Tuan Nguyen, Vietnam country head and co-founder of TechCoop, said, "We are proud to partner with Symbiotics for Farmnet’s first offshore loan to catalyse domestic business on our way to our target of $500 million in revenue for 2026. Vietnam and Southeast Asia agribusiness continues to be a safe haven for foreign investment looking for solid returns in tumultuous times."

Aldric Luyt, head of Fintech at Symbiotics, said, "Our investment in TechCoop will strengthen working capital solutions for agricultural businesses, supporting their growth through a unique model that combines financing with digital and advisory services tailored to local needs. This partnership reflects Symbiotics’ commitment to empowering every link in the agricultural value chain.

Agritech startup Techcoop raises $5 million With financing from local VC firm Ascend Vietnam Ventures (AVV) and Singapore-based VC firm TNB Aura, agritech startup TechCoop Pte. Ltd. secured over $5 million in equity and debt from local banks on March 21. Ethos Ventures, South Korean impact investor MYSC, and Mandala Capital also participated in the fundraising.

SmartSolar brings total funding to $3.15 million with European financing On March 17, Vietnam-based rooftop solar startup SmartSolar closes a debt financing round, bringing total funding to $3.15 million in combined equity and debt as it scales financing for small and medium-sized businesses struggling with rising electricity costs.

Vietnamese startup Alternō named global finalist in clean energy award Vietnamese climate tech startup Alternō has been named a top-three finalist in a prestigious global energy award, marking a significant milestone for the country's emerging clean technology sector.

The Secure Digital Future for SMEs forum brought together around 200 representatives from government agencies, industry experts, business communities, professional associations and international partners to discuss practical solutions for strengthening digital security capacity among small- and medium-sized enterprises (SMEs).

Vu Duy Hien, deputy secretary general and chief of office at the National Cybersecurity Association, highlighted the challenges facing many SMEs as they enter the digital space with limited resources, insufficient tech talent, inadequate tools and little experience in risk response, while cyber threats continue to grow more sophisticated.

“For SMEs, incidents such as fraud, data breaches, malware or brand impersonation are not just technical issues, they can directly impact reputation, customer trust and even business survival,” he said. “Cybersecurity must be recognised as a foundational condition for effective digital transformation.”

Hien added that in an increasingly volatile digital landscape, the association aims to act as a strategic anchor for Vietnamese businesses through three key commitments: connecting resources to reduce isolation among SMEs, sharing practical knowledge and policies, and providing implementation support and rapid incident response.

Hoang Quang Phong, vice chairman of the Vietnam Chamber of Commerce and Industry, stressed that digital security is no longer optional but a prerequisite for long-term business sustainability. More importantly, he said, it should be treated not merely as a technical issue but as a matter of strategic governance, starting from leadership awareness, risk-focused corporate culture, and proactive investment in cybersecurity across the value chain.

“Businesses need to view data security management as a core capability,” Phong noted, adding that this would enable them to move forward with confidence in their digital transformation journey.

Nguyen Hong Quan, deputy director of the Department of Cybersecurity and High-Tech Crime Prevention under the Ministry of Public Security, pointed to the government’s digital transformation programme for SMEs for 2026-2030. The initiative aims to support at least 500,000 SMEs, including 300,000 adopting digital platforms and AI.

“This is a strategic step, affirming that digital transformation and cybersecurity are vital not only for businesses but for the national economy,” he said.

However, Quan warned that SMEs, despite making up the majority of enterprises, often lack resources, specialised personnel and incident response capabilities, leaving them vulnerable as the “weakest link” in the digital ecosystem. This exposes them to cyberattacks, fraud, data loss and operational disruption, with direct consequences for market credibility.

Nguyen Hoa Cuong, vice president of the Institute for Policy and Strategy Studies, noted that cybersecurity remains a major challenge due to low awareness, lack of dedicated personnel and the absence of long-term strategies. Many firms still rely heavily on third-party platforms and pursue only partial digitalisation rather than comprehensive transformation.

To address these gaps, Cuong proposed a range of solutions. At the ecosystem level, he called for the development of information portals and vendor directories, expanded skills training programmes, stronger public-private partnerships and early warning systems. At the enterprise level, he emphasised basic “cyber hygiene”, adoption of the 3-2-1 data backup rule, migration to cloud computing, use of licensed software, compliance with international standards and investment in specialised security tools.

Beyond technical discussions, the forum aimed to build a coordinated support network linking regulators, associations, experts, technology firms and international partners. This, organisers said, would help SMEs answer three fundamental questions: where they stand in terms of digital security, what assets need prioritised protection, and how to respond effectively when incidents occur.

Vietnam enhances SME ecosystem through digital and green transition training A two-day training programme aimed at strengthening support for small and medium-sized enterprises in digital and green transformation opened in Hanoi on April 9.

Small business ESG strategies unlocked A true sustainability ecosystem requires global endorsement, genuine green financing, and technology solutions to lower the cost of implementation for businesses.

JICA and BIDV launch $50m sustainable financing for rural MSMEs Japan International Cooperation Agency and BIDV have announced a sustainable financing facility to support rural micro, small and medium-sized enterprises in Vietnam.

The opening ceremony took place on April 16, organised by the Ministry of Industry and Trade. Attendees included Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, vice chairman of the Vietnam National Brand Council, along with representatives from other ministries, local authorities, trade promotion organisations, experts, businesses with recognised national brand products, and media agencies.

The event comes at a pivotal moment, as 2026 marks the first year of implementing the 2026-2030 socioeconomic development plan, with growing urgency to shift the growth model towards productivity, quality, and greater economic self-reliance.

In his opening remarks, Deputy Minister Tan stressed that the National Branding Programme should be repositioned with a broader vision, moving beyond traditional promotion and trade facilitation.

"The National Branding Programme is no longer just about image promotion or conventional trade promotion," he said. "It must be recognised as a strategic asset that reflects Vietnam's overall competitiveness and reputation within global value chains."

In the context of deeper global integration, building a national brand goes beyond enhancing the image of Vietnamese-made products. It is about strengthening national credibility and elevating Vietnam's soft power on the international stage.

Reflecting on more than two decades of the programme's implementation, the ministry noted that the number of recognised enterprises and products has steadily increased, demonstrating continuous efforts to improve technology, enhance quality, and reinforce the position of Vietnamese businesses.

"Vietnam's National Brand has been steadily strengthened, closely associated with the image of a dynamic, innovative, and globally integrated economy," Tan added.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan

Vietnam National Brand Week will run from April 16 to 23 nationwide, marking the 18^th anniversary of Vietnam Brand Day (April 20, 2008–2026). More than a communications campaign, this year's programme is designed as a convergence point for policy, business, and the market. Key activities include the opening ceremony, the National Brand Forum, thematic seminars, exhibitions showcasing programme achievements, and business networking events.

The National Branding Forum is the highlight, bringing together representatives from ministries, localities, international organisations, experts, and the business community to discuss brand development trends in the new context. Broad participation reflects both the programme's growing influence and increasing awareness of branding as a driver of national competitiveness.

Deputy Minister Tan attributed past achievements to close coordination among ministries, localities, associations, and organisations, as well as the resilience, creativity, and determination of the business community.

Despite positive results, he pointed to emerging challenges as global standards become more stringent, particularly in green growth, digital transformation, and social responsibility. In this context, transforming the development model is essential to enhancing the national brand.

"Vietnam must move beyond low-value-added processing to mastering technology and branding," Tan said, calling this a fundamental requirement for businesses seeking deeper integration into global value chains.

Looking ahead, Vietnam's national brand should be built on quality, innovation, sustainability, and cultural identity, aligned with updated programme criteria. Key priorities include accelerating green and digital transformation as prerequisites for improving growth quality and competitiveness.

"Businesses need to adopt AI and big data in management and production, while strictly complying with environmental and sustainability standards," he noted.

Developing structured, long-term international market strategies, effectively leveraging free trade agreements, protecting intellectual property, and promoting Vietnam's intrinsic cultural values are critical pillars for elevating the national brand.

Reaffirming the government's role, Tan said authorities will continue to support businesses in building and enhancing their brands. He expressed hope that the forum would provide an open platform for practical discussions and solutions, contributing to the Vietnam National Brand Strategy for 2026-2035, with a vision to 2045.

Top 10 notable events of Vietnam’s industry and trade sector in 2025 The year 2025 has been a remarkable one for the industry and trade sector, truly affirming its role as a pillar of the economy and a key contributor to the country's impressive growth. The sector recorded the strongest results of the past five-year term and set multiple unprecedented records.

Spring Fair 2026 launches national fair series Efforts to stimulate domestic consumption ahead of Lunar New Year are set to gain momentum with a new national trade initiative.

Vietnam launches project to boost RCEP utilisation Vietnam’s Ministry of Industry and Trade, in partnership with the Regional Trade for Development initiative, on March 23 launched a project to boost utilisation of the Regional Comprehensive Economic Partnership.

On April 14, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan held a working session with a delegation from the US-ASEAN Business Council (USABC) led by former Ambassador Brian McFeeters, president and CEO of the council. The meeting was attended by leaders of ministry units and more than 50 US enterprises investing and operating in Vietnam.

The meeting took place as the Vietnam-US relationship continues to develop strongly, particularly following General Secretary To Lam's working visit to the US in February 2026, which created new momentum for economic, trade, and investment cooperation. Both sides reaffirmed that economic cooperation remains a key pillar – highly complementary in nature – and directly contributes to supply chain stability and sustainable growth in each country.

Deputy Minister Tan said Vietnam considers the US a leading strategic economic and trade partner, and remains committed to maintaining stability, accelerating institutional reforms, and enhancing policy transparency to foster a favourable investment environment.

"Vietnam is promoting industrialisation in a green and sustainable direction, prioritising high-tech sectors such as semiconductors, AI, big data, and cloud computing, while developing synchronised energy, logistics, and digital infrastructure," he added.

The working session between the Ministry of Industry and Trade and the US - ASEAN Business Council delegation

Representatives of the US business community spoke highly of Vietnam's investment potential and business environment, putting forward specific recommendations in areas including energy, high-tech industry, logistics, trade, finance, healthcare, agriculture, and consumer goods. Notable proposals included development of the liquefied natural gas (LNG) market, gas-fired power, renewable energy, and a direct power purchase agreement mechanism, along with improvements to policy frameworks for technology, supply chains, and the digital economy.

Deputy Minister Tan welcomed the frank and valuable opinions of the US delegation, stressing that they serve as important references for government agencies in improving policies and governance effectiveness. The Ministry of Industry and Trade will coordinate closely with relevant ministries and agencies to study and address the proposals based on feasibility, harmonised interests, and conformity with international practices.

Regarding cooperation priorities, the Ministry of Industry and Trade outlined key pillars including ensuring energy security with a role for LNG and renewable energy; developing high-tech industry and digital infrastructure; utilising e-commerce, logistics, and the digital economy; and strengthening cooperation in healthcare, agriculture, standards, and market management.

On trade issues, Deputy Minister Tan said, "Vietnam is engaging in discussions with the US in a spirit of transparency, cooperation, and constructiveness, while calling on the US business community to continue serving as a bridge and to provide objective and positive voices to help strengthen a stable and sustainable cooperation environment."

Concluding the meeting, he stated that the Vietnamese government regards the US business community as an important, long-term, and trusted partner, and is committed to maintaining an open and substantive policy dialogue mechanism, accompanying businesses towards a balanced, sustainable, and mutually beneficial economic and trade relationship.

Vietnam-US trade discussions continue in Washington Vietnam and the US have continued technical-level negotiations on their Fair and Balanced Reciprocal Trade Agreement, seeking progress towards a mutually beneficial outcome.

Vietnam and US make progress in fifth trade negotiation round Vietnam and the United States made notable progress during the fifth direct negotiation round on the Reciprocal, Fair, and Balanced Trade Agreement in Washington, D.C.

Vietnam and US to launch sixth trade negotiation round Vietnam and the United States are expected to launch the sixth negotiation for the Reciprocal Trade Agreement next week.