how siemens supports the green and digital transitions

How Siemens supports the green and digital transitions

Anchored in the EU-Vietnam Comprehensive Strategic Partnership and Global Gateway, Siemens leverages its expertise in electrification, automation and digitalisation to support Vietnam’s greener, digital economy, CEO Pham Thai Lai told VIR’s Khoi Nguyen about how the company is partnering for impacts.
uk experience complements vietnams financial ambition

UK experience complements Vietnam’s financial ambition

Vietnam and the UK upgraded their relationship to a comprehensive strategic partnership in October. British Ambassador to Vietnam, Iain Frew, talked with VIR’s Khoi Nguyen about both nations’ cooperation outlook.
fdi conditions formulated to promote more innovation

FDI conditions formulated to promote more innovation

Vietnam is overhauling its legal system to pull in high-quality foreign investment that could facilitate it to climb further global value chains.
asean considers strategies to soften non tariff hurdles

ASEAN considers strategies to soften non-tariff hurdles

Streamlining non-tariff barriers to reduce the regulatory burden on businesses remains a key priority for ASEAN’s intra-trade, with Vietnam expanding exports to the region.
more finished public plans in the works

More finished public plans in the works

Progress has been made in the disbursement of public investment in Vietnam, with the Ministry of Finance taking the lead in working with peers and localities to reach the desired goal.
crackdown in store for bogus firms

Crackdown in store for bogus firms

Changes to the Law on Enterprises have been suggested to cover sanctions for different violations that would create a fairer business climate.
updates to clarify state capital funding rules

Updates to clarify state capital funding rules

The government is being urged to clarify the sectors that the state can pour its capital into under new legislation.
more groups and individuals to benefit from long standing vat rate reduction

More groups and individuals to benefit from long-standing VAT rate reduction

The government has asked the National Assembly to expand the beneficiaries of the current VAT rate until late next year, in a bid to help them prosper.
support for green innovation with ai

Support for green innovation with AI

The world is facing climate commitment uncertainties. Sang-Hyup Kim, director-general of the Global Green Growth Institute (GGGI), talked with VIR’s Khoi Nguyen about the situation and the strength of climate AI, as well as how Vietnam is supported in green transition.
asean compelled to become microchip hub

ASEAN compelled to become microchip hub

A call has been made for ASEAN member states to develop the region into a vast semiconductor hub, leveraging their strengths in manufacturing chips.
vietnam pursues tougher growth goal

Vietnam pursues tougher growth goal

Vietnam’s economic growth for 2025 goal has been officially changed, with the legislature and government expecting higher growth driven by all possible resources, especially facilitating private sector development.
railway plans for north set for adoption

Railway plans for north set for adoption

Vietnam will construct a modern railway in the north, helping to boost socioeconomic development and facilitating the transportation of goods between Vietnam and China.
significant advances still to be gained from evfta

Significant advances still to be gained from EVFTA

2025 marks the fifth year since the EU-Vietnam Free Trade Agreement came into effect. Dr. Oliver Massmann, partner and general director of consulting firm Duane Morris Vietnam LLC, and also a senior advisor on the implementation of the deal, spoke with VIR’s Khoi Nguyen about how it has impacted the two economies.
energy tops agenda in russian agreements

Energy tops agenda in Russian agreements

Vietnam and Russia have intensified bilateral ties in economy, trade, and investment, with one of the focuses laid on energy development, including nuclear power.
state budget revenues rise compared to previous year

State budget revenues rise compared to previous year

Vietnam’s state budget landscape in 2024 witnessed a major surplus, fuelled by an increase in revenues from many sources.