They collectively own nearly VND3 quadrillion ($113.7 billion) in total assets last year.

A ceremony for the 2025 Red Star Awards was held in Ha Noi on November 26 to honor 100 Outstanding Young Vietnamese Entrepreneurs.

This year’s awards attracted more than 300 candidates. From these, the organizers selected the most exceptional individuals for national voting across three categories: the Top 100 Outstanding Young Vietnamese Entrepreneurs, the Top 30, and the 10 Exceptional Young Vietnamese Entrepreneurs 2025.

According to the organizers, the Top 100 entrepreneurs collectively owned nearly VND3 quadrillion ($113.7 billion) in total assets last year, generated more than VND310 trillion ($11.7 billion) in revenue, and posted nearly VND42 trillion ($1.59 billion) in post-tax profit. Their businesses contributed almost VND21 trillion ($798 million) to the state budget and provided jobs for nearly 60,000 workers in 2024.

The enterprises led by the 10 Red Star Award winners reported particularly strong performance, holding over VND2.8 quadrillion in total assets, generating more than VND214 trillion in revenue, earning over VND30 trillion in profit, contributing nearly VND14 trillion to the state budget, and employing more than 19,000 workers in 2024.

The 2025 Red Star enterprises operate across a wide range of sectors, including industrial manufacturing; finance, banking and securities; heavy industrial transport; industrial zone infrastructure, logistics and renewable energy; high-tech agriculture; processed food and consumer goods production; green real estate; and technology, education and media.

VnEconomy-Khánh Vy

Vinh Khanh Food Street in Ho Chi Minh City has been honored by Time Out, a leading travel magazine in the UK, in its ranking of "The coolest streets in the world in 2025."

Among thirty-one streets that have been included in the list of "The coolest streets in the world in 2025," recently announced by Time Out, a leading travel magazine in the UK,  Vinh Khanh Food Street, Ho Chi Minh City,  ranks 10th.

Approximately 1 km long, Vinh Khanh is located in Khanh Hoi Ward (part of former District 4) and has been planned as a food street by Ho Chi Minh City since 2018. Vinh Khanh features a series of grilled seafood restaurants on its both sides, always packed with customers every night. It is a popular spot for young people and office workers.

"Vĩnh Khánh is designed so you spend the whole evening in its briny embrace: street sellers pitch up selling dried squid for a pre-dinner snack and ice cream for dessert, and buskers perform in the middle of the road as motorbikes sashay around them. Clattering woks, clinking glasses and kerbside karaoke all vie for soundtrack supremacy," the magazine wrote. 

The list of the world's coolest streets stems from the idea that streets are where visitors find the "most authentic local life" and is based on the votes of global travel experts and travelers. Each person will nominate the street corners that deserve the most attention in the city where they live or have visited.

The selection criteria are based on many factors, in which the destinations are all "full of stores, great places to eat, and countless fun activities." Regarding architecture, there are no mandatory commonalities; it does not matter whether it is "a walking path along the canal or a major transportation axis."

In the top 10, besides Vinh Khanh, two other destinations in Asia are also mentioned: Orange Street (Osaka, Japan) and Fanghua (Chengdu, China).

The magazine hopes the ranking will be a source of inspiration for both travelers looking to plan a trip and locals looking for new experiences right in the city where they live.

-Anh Hoang

The strong export performance is one of the key drivers helping the central province maintain GRDP growth of 9.3–9.54% this year.

Central Nghe An province’s export revenue in 2025 is estimated at $4.4 billion, soaring nearly 39% year-on-year, according to the latest socio-economic development report of the provincial People's Committee.

The strong export performance is one of the key drivers helping the province maintain GRDP growth rate of 9.3–9.54% this year. By sector, agro-forestry-fishery output is projected to expand 4.06%, industry–construction 14.53%, and services 8.41%.

Nghe An’s Index of Industrial Production (IIP) is expected to rise 17% compared to last year, reflecting the continued expansion of manufacturing and processing activities. Total retail sales of consumer goods and services are estimated at VND125 trillion ($4.75 billion), up 5.23% year-on-year.

Regarding investment in 2025, local authorities had granted investment certificates to 77 new projects and approved capital increases for 182 existing projects as of November 20. The combined registered investment capital exceeds VND40.2 trillion ($1.53 billion). Foreign direct investment inflows are expected to reach $1 billion for the year.

VnEconomy-Nguyễn Thuấn

Hanoi plans to expand its urban railway network to around 20 lines, with a total length of more than 1,000 km.

The Republic of Korea is willing to support Hanoi in developing a comprehensive master plan and improving the operation of its metro network, according to Head of the Motor Vehicles Management Bureau under South Korea’s Ministry of Land, Infrastructure and Transport, Mr. Kim Yong-seog.

During a meeting with Vice Chairman of the Hanoi People’s Committee Duong Duc Tuan in the capital city on November 26, Mr. Kim also proposed the application of South Korea’s technological strengths to Hanoi’s future transport infrastructure.

Mr. Tuan said the city plans to complete 15 railway lines of various types, many of which are scheduled to begin construction in early 2026.

Hanoi also plans to expand its urban railway network to around 20 lines, with a total length of more than 1,000 km.

Hanoi has seen the growing interest of South Korean enterprises seeking investment and cooperation opportunities in Vietnam and the capital city.

In the first ten months of 2025, South Korean enterprises invested over $4.42 billion in Vietnam, up 8.7% year-on-year.

VnEconomy-Gia Huy

The two sides signing an Action Program to implement the Comprehensive Strategic Partnership for the period 2025-2030.

The 3rd Vietnam-New Zealand Foreign Ministers' Meeting (FMM-3) was held in Hanoi on November 26 under the co-chair of  Vietnamese Minister of Foreign Affairs Le Hoai Trung, and New Zealand Foreign Minister Winston Peters. 

During the meeting, the two ministers signed an Action Program to implement the Comprehensive Strategic Partnership for the period 2025-2030.

The two ministers affirmed that economic-trade and investment cooperation still holds much potential, requiring more robust and breakthrough measures to strive for a bilateral trade turnover of $3 billion by 2026. This includes focusing on strengthening business connections and effectively implementing free trade agreements of which both countries are members.

Minister Trung encouraged New Zealand businesses to increase investment in Vietnam. Minister Winston Peters, for his part, thanked Vietnam for opening its market to some New Zealand agricultural products and hoped for continued facilitation for other products.

Both sides agreed to further expand cooperation in education, people-to-people exchanges, aviation connectivity, tourism, science and technology, green economy, digital economy, agriculture, and climate change response.

On this occasion, the New Zealand Foreign Minister handed over a note announcing a grant of NZD3 million from the New Zealand Government to Vietnam to help overcome the aftermath of recent storms and floods.

VnEconomy-Việt An

At the Autumn Economic Forum 2025 opened in Ho Chi Minh on November 26, a UN representative outlined key investment directions that Vietnam should focus on to maintain rapid and sustainable growth in the next decade.

During the opening session of the Autumn Economic Forum 2025, which opened in Ho Chi Minh City on November 26 morning, with the theme "Green Transition in the Digital Era," Ms. Pauline Tamesis, the United Nations Resident Coordinator in Vietnam,  emphasized that "in the ten years since the Paris Agreement was adopted, renewable energy technologies have undergone a remarkable transformation, paving the way for a rapid and widespread shift from energy systems dominated by fossil fuels to homegrown, low-cost renewables."

According to Ms. Pauline Tamesis, the biggest challenge today is to connect the two transformations — green and digital transformations, into a "dual transition," which is considered as a simultaneous shift toward a green and digitally enabled economy. 

"These two transitions reinforce, shape, and increasingly depend on one another. We are already witnessing green transition and climate action powered by digital technologies that improve climate monitoring, resource efficiency, and energy management. At the same time, digital transformation must be powered by clean, sustainable energy," Ms. Pauline Tamesis said.

"Countries that align climate ambition with national innovation are strengthening competitiveness, reducing vulnerabilities, attracting investment, and creating high-quality jobs. For Vietnam, this twin transition represents major strategic opportunities to sustain high growth, deepen resilience, and move up global value chains," she went on.

She highlighted that climate action is changing rapidly due to advanced data systems and artificial intelligence. 

"These tools enable more accurate climate modelling and improve disaster preparedness through stronger early-warning systems — especially relevant for Vietnam, which is highly vulnerable to climate change. Recent estimates suggest losses of up to 3.2% of GDP. Enhanced early-warning systems for storms, floods, and landslides can significantly reduce these costs," she told the forum.

According to  Ms. Pauline Tamesis, to advance the vision of accelerating the green transition and leveraging digital technologies as dual engines for inclusive and sustainable growth in Vietnam, the UN, together with the Vietnamese Government, undertook a macro-modeling exercise. "This modeling measured the impacts of government investments in renewable energy, digital infrastructure, and social sectors — and assessed their effects on GDP growth, poverty rates, and CO₂ emissions," she said.

She highlighted that investing in renewable energy would likely help Vietnam achieve its renewable energy targets, reduce CO₂ emissions, improve air quality, and support economic growth.

However, according to her, given the scale of investment required, public debt could surge if these investments are financed primarily by the government.

She noted that investing in human capital and energy-efficient infrastructure generates positive economic and social effects. These investments drive GDP growth. The study shows that the GDP-growth benefits of investing in people and green infrastructure are greater than the potential increase in government debt. It also finds that investing in ICT has a positive effect on GDP, reinforces recent gains, and contributes meaningfully to poverty reduction, Ms. Pauline Tamesis remarked.

She further recommended that as Vietnam rapidly approaches upper-middle-income status, it will need to increasingly rely on domestic resources and private capital to finance its development needs. With a growing economy, the country can enhance tax revenue collection and progressiveness, while adopting innovative and blended financing models.

According to her, reforming Vietnam's domestic capital market is also essential for attracting international capital and channeling domestic savings into digital and green sectors.

vneconomy-Minh Huy

Rare earth elements are considered the backbone of modern technology, essential for components ranging from electric vehicle motors and wind turbines to smartphones and precision guidance systems.

Vietnam is one of the top six countries controlling approximately four-fifths of the world's discovered rare earth reserves, following China, Brazil, India, Australia, and Russia.

Data from the United States Geological Survey (USGS) highlights the uneven distribution of these resources, which are concentrated primarily within a handful of nations.

As of January 2025, China remains the global leader with estimated reserves of 44 million tons, accounting for 48% of the global total of 91.9 million tons.

Brazil ranks second with 21 million tons, or 23%. While it holds massive deposits, they remain in the early stages of extraction. Despite its vast reserves, the South American nation currently contributes less than 1% to global rare earth production.

Rounding out the list are India (6.9 million tons), Australia (5.7 million tons), Russia (3.8 million tons), and Vietnam (3.5 million tons).

Rare earth elements are considered the backbone of modern technology, essential for components ranging from electric vehicle motors and wind turbines to smartphones and precision guidance systems.

Vneconomy-Ngoc Trang

WB has consistently been one of Vietnam’s largest international donors with 180 programs/projects totaling over $26 billion.

Deputy Prime Minister Ho Duc Phoc proposed the World Bank (WB) to expand support for Vietnam in infrastructure, clean energy, digital transformation and climate change adaptation, during a reception for Mr. Carlos Felipe Jaramillo, WB’s Vice President for the East Asia and Pacific Region, in Hanoi, on November 26.

He also recommended to strengthen cooperation in logistics, urban development, and data governance.

He also suggested cooperation on ODA and concessional loans through new development finance instruments for transport infrastructure and coastal resilience; and the implementation of climate-related loans under a “climate co-benefits” approach.

Mr. Phoc spoke highly of WB’s support for Vietnam over the past years. Since 1993, the WB has consistently been one of Vietnam’s largest international donors.

As of the end of 2024, it had supported Vietnam with 180 programs/projects totaling over $26 billion, of which approximately $23 billion came  loan agreements. These projects have facilitated Vietnam’s strong development, particularly in infrastructure development and technical support in treasury and banking sectors.

VnEconomy-Hà Lê

The two sides share the goal of making every effort to conclude the negotiations at this round.

The 18th negotiation round of a free trade agreement (FTA) between Vietnam and the European Free Trade Association (EFTA) is taking place in Vietnam's central Da Nang city from November 25 to 28, according to a report from the Vietnam News Agency. 

Speaking at the opening session, Mr. Nguyen Sinh Nhat Tan, Deputy Minister of Industry and Trade and chief negotiator of the Vietnamese Government, underlined that the two sides share the goal of making every effort to conclude the negotiations at this round, and are ready to adopt necessary flexibilities to ensure a balanced agreement that benefits both.

After the first day of discussions, Mr. Pham Hung, Deputy Chief of the Office of the Steering Committee for International Economic Integration – the support agency to the Vietnamese negotiation delegation, said that both sides are working hard to narrow the remaining gaps and that the 18th round is progressing very positively.

Although trade relations between Vietnam and EFTA – which consists of Switzerland, Norway, Iceland, and Liechtenstein – are not as large in scale as with some of Vietnam’s major partners, they are highly complementary.

According to data at the end of 2024, trade between Vietnam and the bloc exceeded $3.5 billion, maintaining stable growth over the years. Vietnam’s key exports to EFTA member states include footwear, textiles and garments, machinery and equipment, mobile phones and components, along with agricultural products such as coffee and cashew nuts. In return, Vietnam mainly imports high-tech and high-value products from EFTA such as pharmaceuticals, precision machinery, medical devices, and chemicals.

VnEconomy-Nguyễn Khánh Chi

At a working session with the Vietnam Innovation Network on November 26, the Deputy Prime Minister urges for acceleration of a shift in mindset, from policy planning to creating "Make in Vietnam" products.

At a working session with the Vietnam Innovation Network and experts from strategic technology sectors on November 26 at the National Innovation Center (NIC - Ministry of Finance), Deputy Prime Minister Nguyein Ch Dung highlighted science, technology, and innovation as the most crucial drivers for sustainable development.

Regardubg the Politburo's Resolution 57 on breakthroughs in scientific and technologial development, innovation and digital transformation, and 11 strategic technology sectors identified by Prime Ministerial Decision 131, the Deputy Prime Minister notes that these are a clear legal framework and orientation for developing these strategic technology sectors.

However, the biggest challenge now is how to put this orientation in practice? he questioned. 

"The question now is how to implement? When will there be products? When will there be inventions?" the Deputy Prime Minister candidly posed.

"The government no longer wants to hear general reports or discussions about urgency; these have been affirmed. The requirement for the end of 2025 and 2026 is to have specific products, the formation of strong research groups, and clearly defined tasks. This is a significant shift in mindset, from policy planning to the mindset of creating 'Make in Vietnam' products," the Deputy Prime Minister said.

PROPOSED RECOMMENDATIONS

Responding to the Deputy Prime Minister, Mr. Ngo Tuan Anh, Chairman of the V-Security Network, stated that Vietnam is lacking hundreds of thousands of high-quality cybersecurity personnel. To solve this problem, the solution does not lie in theoretical classrooms but in "cybersecurity training grounds."

"This is a practical training model that allows for the simulation of large-scale cyberattacks so that personnel can be trained in a realistic environment. The V-Security group proposes that the government recognize the Cybersecurity Training Ground as a national strategic technology product and support the infrastructure to implement large-scale exercise scenarios," Mr. Tuan emphasized.

Agreeing with this viewpoint, Mr. Ngo Minh Hieu (Hieu PC), Founder/Director of the Anti-Fraud Project, emphasized that "digital trust" is a foundation to address Vietnam's urgent issues. In response to the increase in cross-border cybercrime using AI and Deepfake, Mr. Hieu proposed establishing a national center for combating fraud and cybercrime, operating in real-time based on unified data from banks, telecommunications, and investigative agencies—a model that has succeeded in Singapore.

"Without clean data and strong computing infrastructure, Vietnam cannot create core technology to solve its own problems," Mr. Hieu stressed.

Opinions from Prof. Nguyen Ngọc Tu, representing the Quantum group from the U.S., also attracted much attention. He pointed out the "ambiguity" in the direction of quantum technology development when Vietnam lacks consistency in starting points.

He proposed the philosophy of "gnawing bones together, eating meat together," meaning that to master core technology, Vietnam must be willing to delve into the deepest, most "noisy" layers of quantum technology rather than just stopping at surface applications. Therefore, the expert proposed that Vietnam should immediately equip basic systems like superconducting quantum computers to practice operation, solve basic problems, and catch up with the global community.

For the semiconductor industry, Mr. Nguyen Tran Thuat, Director of the Institute of Semiconductors and Advanced Materials, the National University Hanoi, chose a more pragmatic approach: Instead of racing to build costly mega fabs, Vietnam should focus on the Low-cost Fab model (small-scale, low-cost factories). This is a niche but essential market segment for Analog and RF applications, suitable for Vietnam's current capabilities and specific needs. Accordingly, he proposed that the government soon support the formation of a national shared laboratory for chip manufacturing to leverage existing facilities.

In the field of Artificial Intelligence (AI), Mr. Lê Văn Ba, National Director of Dassault Systèmes, noted that this is the first time Vietnam has an opportunity to go along with the world in the wave of Generative AI. However, if no action is taken immediately, we are showing signs of lagging behind.

"The core issue of Vietnamese AI is Vietnamese data," he said. "The world will not do this for us. The AI group proposes a nationwide strategy. The government should open common knowledge data sources (textbooks, newspapers, book repositories) to train AI, while calling on people to interact and correct errors to teach AI to be smarter. This is the fastest way to build an AI rich in Vietnamese cultural identity and knowledge."

NO MORE POLICY OBSTACLES

In his concluding remarks, the Deputy Prime Minister affirmed: "In the era of science and technology, no more policy obstacles to developing strategic technology sectors are allowd to exist." With capital resources allocated to science and technology accounting for about 3-5% of GDP and a legal system being comprehensively completed (10 laws adopted in a year), the government stands ready with necessary conditions."

Notably, the Deputy Prime Minister also emphasized a mechanism to attract "Chief Engineers" and "Chief Architects" for national technology projects, considering these two positions as key to leading foundational programs. A "Chief Engineer" will be responsible for overall coordination, resource connection, and ensuring the project meets strategic objectives, while a "Chief Architect" designs the system structure, builds technical standards, and directs core technology development. The combination of these two roles helps national projects have a long-term vision, high synchronization, and minimize risks during implementation.

Along with that, the Deputy Prime Minister also made a more urgent "order" from practical life for the Innovation Network experts. These are technological solutions to solve the country's major problems such as land erosion, urban traffic congestion, or environmental pollution. He cited the current land erosion occurring even when there is no rain, but due to the broken soil structure, or the upcoming investment of hundreds of billions of USD in high-speed rail and urban rail.

Without technology to master materials and construction, Vietnam will waste enormous resources, the Deputy Prime Minister said.

vneconomy-Anh Nhi

The Joint Declaration was announcee at the Autumn Economic Forum 2025 opens in Ho Chi Minh City on November 26.

At the Autumn Economic Forum 2025,  jointly organized from November 24-30 by Ho Chi Minh City, the Ministry of Foreign Affairs and the World Economic Forum (WEF), the People's Committee of Ho Chi Minh City and the WEF on November 26 afternoon announced a Joint Declaration on the initiative to promote smart manufacturing and responsible industrial transformation in Vietnam.

This is considered a significant milestone, affirming the role of Ho Chi Minh City and Vietnam as co-creators in global initiatives led by the WEF.

The announcing ceremony was conducted by Mr. Nguyen Loc Ha, Vice Chairman of the People's Committee of Ho Chi Minh City, and Mr. Stephan Mergenthaler, Executive Director of the World Economic Forum, under the witness of Prime Minister Pham Minh Chinh, Deputy Prime Minister Bui Thanh Son, Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang, and Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc, among others.

According to the joint declaration, both parties agreed to cooperate in implementing the smart manufacturing initiative in Ho Chi Minh City through strategic support programs, pilot models, practical tools, and capacity-building activities, aiming to contribute to the development of the Lighthouse Operating System (Lighthouse OS) – a platform to promote global industrial transformation, initiated by the WEF.

The Fourth Industrial Revolution Center in Ho Chi Minh City (HCMC C4IR) and the WEF's Advanced Manufacturing Supply Chain Center (AMSC) will collaborate to develop plans and implement the initiative's activities in Vietnam.

The signing of the Joint Declaration not only expands Vietnam's connection with the global innovation network but also marks an important step for Ho Chi Minh City to participate in shaping advanced industrial models, serving the goal of green and sustainable development in the new phase.

vneconomy-Nhu Quynh

Addressing the event, Prime Minister Pham Minh Chinh highlighted that Vietnam stands ready to engage in effective cooperation with all international partners on the principle of “harmonized interests and shared risks.”

Under the theme “Green Transition in the Digital Era”, the Autumn Economic Forum 2025, jointly organized from November 24-30 by Ho Chi Minh City, the Ministry of Foreign Affairs and the World Economic Forum (WEF), opened in Ho Chi Minh City on November 26, bringing together more than 1,500 domestic and international delegates.

 Addressing the opening and plenary sessions of the forum, Prime Minister Pham Minh Chinh, as quoted by the Vietnam News Agency, stated that Vietnam stands ready to engage in effective cooperation with all international partners on the principle of “harmonized interests and shared risks.”

The Government leader described the forum as not only an important international event but also a milestone marking a new phase in Vietnam’s development cooperation efforts and its contribution to peace, cooperation and development in the region and the world.

Assessing the global context, PM Chinh outlined three consistent guiding principles for the country’s pursuit of green transition in the digital era. First, people, citizens and enterprises remain the core, driver and objective of all development. Second, environmental protection and social welfare must never be compromised for the sake of economic growth. Third, the transition must ultimately improve the well-being, safety and happiness of the population.

Vietnam remains a good friend, reliable partner and responsible member of the international community, the leader stressed.

The country maintains an independent and self-reliant foreign policy rooted in peace, friendship, cooperation and development, multilateralization and diversification, he said, adding that Vietnam is always prepared to be a friend and trusted partner of countries in sustaining a peaceful and stable environment and mobilizing international support for fast and sustainable development.

The Prime Minister stated that the nation is firmly committed to achieving the Millennium Development Goals and its pledge of net-zero emissions by 2050. It will continue to open its market and establish legal frameworks to welcome green investment and advanced technologies from global partners.

PM Chinh affirmed in Vietnam’s consistent view, resources stem from vision and thinking; momentum comes from innovation and creativity; strength originates from the people and the business community; and national strength must be combined with the strength of the times, and domestic capacity with international support. To realize these, Vietnam will priorities measures defined by the approach of “open institutions, seamless infrastructure, smart governance, skilled human resources, and widely applicable practices”. The State, he noted, is responsible for creating an enabling regulatory environment, streamlining administrative procedures, encouraging green transition and digital transformation projects, and providing maximum facilitation for domestic and foreign enterprises.

The PM emphasized the need for preferential mechanisms to mobilize and use resources effectively, a harmonious combination of internal and external strengths, and the promotion of public–private partnerships.

Vietnam will also accelerate the development of high-quality human resources to meet the demands of both green transition and digital transformation, strengthen linkages between education institutions and enterprises, and bolster sci-tech cooperation and transfer. The leader highlighted the need for support from international friends and leading global corporations, particularly in areas such as artificial intelligence, biotechnology, quantum technology, semiconductors and nuclear energy.

PM Chinh underscored that the presence of government officials, businesses, scholars and organizations from inside and outside Vietnam at the event demonstrates a strong will to cooperate, and a shared aspiration to create new value and build a sustainable, inclusive and humane future for all nations and people.

He expressed confidence that the ideas, initiatives and commitments put forward would extend beyond speeches and be translated into concrete actions. The PM also hoped the forum would serve as a space for dialogue, trust-building and cooperation, upholding multilateralism and respect for international law.

During the plenary session, delegates heard reports and discussed opportunities and challenges facing the smart economy, the green transition in the digital era, smart manufacturing and global supply chains, megacity governance and related stakeholder responsibilities.

VNA-Khanh Van

The city has identified three strategic breakthroughs: institutional perfection, synchronous infrastructure development, and the enhancement of human resource quality.

Ho Chi Minh City is ready to act as a pioneer in testing new strategies, a cradle for new ideas, and a hub for spreading successful models nationwide, emphasized Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang in his opening remarks at the 2025 Autumn Economic Forum on November 26.

“Following its merger, the city has become the convergence point of the country's three most dynamic growth poles, harboring the aspiration to rise as a modern metropolis with global competitiveness,” said the city leader.

“The city aims to lead in green transformation, smart city development, high-tech investment attraction, and the establishment of an International Financial Center (IFC),” said Mr. Quang, adding that to achieve these objectives, the city has identified three strategic breakthroughs: institutional perfection, synchronous infrastructure development, and the enhancement of human resource quality.

The city has steadfastly built and elevated the Ho Chi Minh City Economic Forum into the "Autumn Economic Forum." This creates an annual dialogue mechanism gathering experts, leaders, and businesses possessing both "heart and vision" to contribute ideas and propose solutions for the development of both the city and the nation.

Mr. Quang emphasized that with the close direction of the Government and tight coordination with the World Economic Forum (WEF), the 2025 Autumn Economic Forum meets all conditions to become a space for realizing aspirations of innovation. It aims to promote specific action programs based on the spirit of "discussing together, acting together, and spreading impact together."

The forum promises to open strong cooperation opportunities and create impetus for HCMC and Vietnam to achieve breakthroughs in digital transformation, green transition, and sustainable development.

"In this new era of competition, any nation or city that misses a beat risks being left behind," said Mr. Quang. He called on the Government, businesses, and the academic community to view the 2025 Autumn Economic Forum as a commitment to action with clear goals, specific timelines, and transparent results.

“The world is moving at an unprecedented pace, as global growth models and economic structures are being reshaped toward a green, digital, and sustainable direction,” said Mr. Quang.

“In this context, green and digital transformations are no longer merely trends but have become the imperative of the era—the key to ensuring competitiveness and the quality of life for the people.”

Vneconomy-Hồng Vinh

GRECO 2025 also features thematic seminars on technology and applications within the semiconductor industry, environmental protection activities such as "exchange waste for gifts," and business matching sessions.

The 3rd Ho Chi Minh City Green Growth Products and Services Showcase (GRECO 2025), themed "Artificial Intelligence and Industry 4.0 Inventions," officially opened on the evening of November 25 as part of the 2025 Autumn Economic Forum.

The exhibition space is situated along Nguyen Hue pedestrian street and is divided into three main zones: a display of digital technology achievements and innovation; a showcase for specialized industry products; and a sustainable development zone. Each section presents core solutions related to energy, transportation, smart cities, finance, tourism, and green consumption.

Beyond the exhibition, GRECO 2025 features thematic seminars on technology and applications within the semiconductor industry, environmental protection activities such as "exchange waste for gifts," and business matching sessions. The event serves as an opportunity for enterprises to learn from both domestic and international delegations while affirming the city’s determination to build a circular and sustainable economic ecosystem.

Delivering an opening speech, Vice Chairman of the City People's Committee, Mr. Nguyen Van Dung, emphasized that the city is oriented towards sustainable development, with people at the center and science and technology as the primary driving force. The city aims to build a green production ecosystem, apply circular economy models, and accelerate the application of Industry 4.0 technology to enhance competitiveness.

"GRECO 2025 is expected to serve as an effective bridge connecting businesses with consumers, investors, and strategic partners both domestically and internationally. It will create favorable conditions for enterprises to strengthen business connections and expand production and exports," said Mr. Dung.

Running until November 30, the event attracts the participation of approximately 100 domestic and international enterprises, alongside research institutes, universities, industrial parks, and export processing zones.

Vneconomy-Minh Hà

Progress has been made in the fight against IUU fishing with no vessels being reported infringing or being seized in foreign waters over the past week.

Prime Minister Pham Minh Chinh reaffirmed the determination to lift the European Commission (EC)’s "yellow card" warning over illegal, unreported, and unregulated (IUU) fishing in 2025 while chairing the 23rd online meeting of the National Steering Committee on combating  (IUU) fishing in Ho Chi Minh City on November 25.

He demanded problems and shortcomings, especially those of the EC's special concern, be completely handled, with the positive results built on and effective solutions to underperformed tasks devised.

PM Chinh also assigned specific tasks to ministries, coastal localities, as well as industry associations and businesses to help with nationwide efforts for the benefit of people and the whole nation.

The PM assigned the Ministry of Agriculture and Environment to lead a comprehensive evaluation of the implementation results of the IUU peak month; and inspect and guide all coastal localities to take stronger measures against IUU fishing.

According to participants, progress has been made in the fight against IUU fishing. Vessel management and fishing monitoring have continued to improve considerably as all the 79,360 vessels were registered and updated on the national fisheries database (Vnfishbase).

Over the past week, no vessels have been reported infringing or being seized in foreign waters. The settlement of IUU fishing cases has seen further improvement while law enforcement been seriously conducted, particularly when it comes to illegal fishing in foreign waters.

VnEconomy-Chu Khôi

On the cusp of a new year, a shared sense of confidence among stakeholders regarding Vietnam’s economic outlook is clear to see.

As Vietnam prepares to step into 2026, questions surrounding its economic trajectory and investment outlook have become more pressing than ever. Global uncertainties, shifting capital flows, and a rapidly-evolving domestic market are forcing both policymakers and investors to reassess their strategies.

At the Vietnam Investment Forum 2026, held in Ho Chi Minh City on November 4, economists and financial leaders held an optimistic view overall of Vietnam’s economic outlook for the coming year. Despite global headwinds from US tariff policies and trends towards monetary easing at central banks, Vietnam continues to demonstrate macro-economic stability and resilient growth momentum.

Resilience, drivers, and strategic adaptation

Dr. Le Duy Binh, Managing Director of business management consultants Economica Vietnam, said the country’s prospects in 2026 should be viewed in the context of its performance over the past five years; a period that tested its resilience but also strengthened its internal capacity. “Vietnam has gone through extremely challenging times, from the Covid-19 shock to global disruptions, yet still maintained growth of 6.5-7 per cent, with some years exceeding 8 per cent,” he noted. “This shows how much stronger the economy’s internal dynamics have become.”

With a stable macro-economic foundation and strong investor and consumer confidence, he believes Vietnam can expect higher growth in 2026, though the 10 per cent GDP target may be ambitious.

According to Dr. Binh, Vietnam’s economy will be supported by four major growth drivers next year. First, global trade recovery, bolstered by monetary easing in major economies, particularly the US. Second, public investment, with faster disbursement rates and the completion of several key infrastructure projects opening new space for growth. Third, private investment and FDI are rebounding thanks to regulatory reforms and Politburo Resolution No. 68 on the private sector. And fourth, domestic consumption continues to expand, by 9-11 per cent this year, anchored by a 100-million-strong population and rising disposable incomes, making it one of the most important growth pillars.

However, he also cautioned that the pace of growth will depend on Vietnam’s ability to manage macro-economic risks such as inflation, exchange rates, public debt, and its credit-dependent growth model; factors that require careful policy coordination between the government and businesses.

Dr. Le Anh Tuan, CEO of Dragon Capital, believes inflation risks remain low while exchange rate volatility warrants closer attention. “Vietnam’s economy remains highly dollarized, making exchange rate movements a key determinant of monetary policy,” he said. “Though global interest rates are trending downwards, domestic rates have inched up. As long as the exchange rate remains stable, monetary policy should stay accommodative, but the extent of easing should be considered carefully.”

From an international perspective, Mr. Sacha Dray, Economist at the World Bank in Vietnam, commended Vietnam’s timely and flexible policy responses to shifting trade and tariff dynamics driven by the US. “We’ve seen a strong export rebound, up 23 per cent year-on-year, reaching $113 billion to the US; the highest level in Vietnam’s trade history,” he said.

He noted that the US’s revised tariff framework, with an average rate of 15.3 per cent on Vietnamese exports, poses challenges but still positions Vietnam favorably against China and India within regional supply chains. Meanwhile, Vietnam has yet to fully leverage the benefits of its many free trade agreements (FTAs), which could further strengthen its export base.

Rethinking capital and confidence

Despite strong fundamentals and resilient growth, Vietnam’s capital market remains curiously undervalued in the eyes of foreign investors; a paradox that experts believe reveals both short-term headwinds and long-term opportunity.

According to Dr. Tuan, one of the key questions facing the market is why foreign investors currently hold only about 14.5 per cent of Vietnamese equities - the lowest level in the region - while in many other emerging markets the figure ranges from 20 to 40 per cent. This is particularly striking given that Vietnam’s economic fundamentals and growth prospects remain stronger than many of its peers.

He pointed out that, in 2024, foreign investors net sold $1 billion worth of Vietnamese equities - a sharp reversal - followed by another $1.6 billion in net selling in just one month this year. This sell-off, he explained, was largely due to lingering concerns from 2023, when both domestic and external factors pressured investor sentiment.

Another factor influencing foreign capital flows, he continued, is the strong link between Vietnam and China. As China saw a surge in capital outflows, Vietnam experienced spillover effects. Meanwhile, Vietnam’s equity market has risen 20-30 per cent since early 2024, prompting some foreign funds to take profits and reduce exposure.

Dr. Tuan projected that 2026 could mark a “reset” phase for the market, as Vietnam’s relative returns are redefined and rebalanced against other regional markets. Its foreign exchange reserves currently stand at just under $80 billion, equivalent to three months of imports. Over the past five years, foreign investors have withdrawn nearly $12 billion from the local stock market. Without those outflows, he argued, Vietnam’s macro-economic stability and reserves would be much stronger.

Dr. Binh shares a similar view, emphasizing that public investment has historically played a vital role in boosting aggregate demand, especially after crises or economic downturns. In Vietnam’s current phase of transformation towards a new growth model, he explained, demand for infrastructure and economic expansion remains pressing, making public investment an important short-term driver.

However, he cautioned against excessive reliance on public spending. Overexpansion, he noted, could lead to a “crowding-out effect” that discourages private sector investment. In addition, increased public investment often requires higher taxes or more government borrowing, which in turn raises the financial burden on businesses and citizens.

In the longer term, he suggested, private investment should gradually take the lead, particularly in infrastructure projects where the private sector can participate through public-private partnerships (PPPs) or other collaborative models. “Public investment will remain an important driver,” Dr. Binh concluded. “But its role should evolve from leading to enabling, creating momentum for private capital to power the next phase of Vietnam’s growth.”

Turning optimism into action

As Vietnam looks ahead to 2026, economists and investors share a rare sense of confidence, which is tempered by realism, as the country prepares for a year defined by growth potential, returning capital, and renewed momentum.

Dr. Tuan projected Vietnam’s GDP growth in 2026 to reach 8-10 per cent, reflecting a robust recovery and continued momentum. “If I were to sum up my view in one sentence,” he said, “it would be stay optimistic in spirit but calculated in action.”

Dr. Binh also noted that the forecast itself reflects the growing confidence of the business community, which will soon translate into concrete action - investment decisions, business expansion, and stronger consumer spending.

He added that this positive sentiment could already be seen in 2025, as both direct and portfolio investment flows are expected to return after a period of capital outflow. “While we’ve seen significant capital leaving the market recently, it also shows that investors still believe those funds will find their way back, one way or another,” he said.

Mr. Dray agreed with the overall direction, commending Vietnam’s proactive policy responses. He highlighted the importance of closely monitoring global risks such as geopolitical tensions and political instability, while emphasizing diversification, information transparency, and the continued acceleration of public investment as key safeguards for resilience.

VET-Linh Tong

The newly-issued resolution specifies that the highest priority is to protect lives and health and quickly stabilize people’s livelihoods.

The Government on November 25 issued  Resolution No. 380/NQ-CP dated November 25, 2025, on measures to urgently address consequences of natural disasters and restore production in south central Vietnam.

Under the resolution, the highest priority will be given to protecting lives and health and quickly stabilizing people’s livelihoods.

“No one should be left without shelter, go hungry or suffer from cold; schoolchildren must not be deprived of access to schools; the sick must not be left without medical care and essential services,” the resolution stresssed.

It highlighted the need to carry out disaster recovery efforts with a spirit of proactivity, urgency, timeliness, and effectiveness, demonstrating strong determination, great effort, and decisive, focused action.

It stated that disaster recovery support should be closely combined with restructuring production, reorganizing populations in risky areas, proactively restoring infrastructure, and enhancing resilience and sustainable adaptation to natural disasters.

According to the resolution, the beneficiaries of support include residents, workers, vulnerable groups, business households, cooperatives, and enterprises in the central region affected by Typhoons Fengshen and Kalmaegi, and the floods in October and November, including Ha Tinh, Quang Tri, Thua Thien Hue, Da Nang, Quang Ngai, Khanh Hoa, Gia Lai, Dak Lak, and Lam Dong. They will receive assistance from now until December 31, 2025.

The Government instructed the People’s Committees of the provinces and cities to review the situation and, by all possible means, provide food, drinking water, medicine, and essential supplies to households at risk of hunger, ensuring that no one is left without food, clothing, or clean water.

Measures must also be taken to prevent the outbreak of diseases following the floods and evacuate residents from areas still deeply flooded or dangerous, the resolution said, adding that  authorities should proactively announce information on needed supplies so that relief and support efforts can be carried out in a practical and effective manner.

The Ministry of Finance should continue to release goods from the national reserve to support the affected localities, ensuring speed, timeliness, and effectiveness, while directing Vietnam Airlines, Vietnam National Shipping Lines, and Vietnam Railways to provide maximum support in transporting food and supplies to the affected provinces and areas.

The Ministry of National Defense and the Ministry of Public Security should direct their local units and forces to assist the local authorities in receiving, transporting, and distributing food directly to residents in isolated and cut-off areas, according to the resolution.

Regarding social security, the Ministry of Finance was required to direct the Vietnam Social Security to make a combined payment of three months’ pensions and social insurance benefits for December 2025, January and February 2026 in the December payment cycle for those in the four provinces of Dak Lak, Gia Lai, Khanh Hoa, and Lam Dong. This aims to support beneficiaries in the areas affected by storms, floods, and inundation to overcome the consequences and prepare for the upcoming Lunar New Year.

vneconomy-Ly Ha

The alliance aims to pilot next-generation digital finance models, accelerate innovation, and attract international capital.

The Global On-Chain Economy Alliance was officially launched in Ho Chi Minh City on November 25, with the goal of piloting next-generation digital finance models, accelerating innovation, and attracting international capital.

The launch ceremony, held as part of the 2025 Autumn Economic Forum, took place in the presence of Prime Minister Pham Minh Chinh.

The term “on-chain” refers to transactions recorded and verified directly on the blockchain, ensuring transparency, security, and immutability. This technology underpins a wide range of digital finance applications, including cross-border payments, smart contracts, asset tokenization, and data storage.

The alliance was established with a mission to develop digital economic infrastructure, support the creation of new business models, and expand a comprehensive financial ecosystem. It will operate as a multi-stakeholder collaborative platform involving technology companies, investment funds, financial institutions, and international organizations.

Its core objectives include promoting digital commerce, fostering innovation, and building a robust financial network that serves both businesses and individual users in Vietnam.

Implemented under the Ho Chi Minh City International Financial Center, the initiative also aims to position the city as a leading regional hub for digital finance and digital assets, while acting as a key gateway for international capital flows.

VnEconomy-Như Quỳnh

By the end of 2026, Hanoi aims to ensure that 100% of its high-tech parks, industrial zones, and clusters possess at least one 5G base station.

Vice Chairman of the Hanoi People's Committee Truong Viet Dung has signed Plan No. 310/KH-UBND, detailing the development strategies for 5G and Internet of Things (IoT) infrastructure across high-tech parks, industrial zones, and industrial clusters through 2030.

By the end of 2026, Hanoi aims to ensure that 100% of its high-tech parks, industrial zones, and clusters possess at least one 5G base station. Furthermore, the plan requires that every investor operating within these zones receive consultation on developing applications based on integrated private 5G network platforms. The city also plans to launch a pilot program implementing 5G and IoT applications for smart factory management in a minimum of two projects situated within these industrial hubs.

By 2030, all high-tech and industrial parks are expected to utilize smart urban infrastructure management software powered by 5G and IoT platforms. Additionally, 100% of active investors in these areas will be guided on applying management software developed on private 5G network models, including standalone private 5G networks. The ultimate goal is to construct a complete industrial IoT ecosystem that fosters innovation and standardizes technical solutions across the sector.

To achieve these objectives, the city has outlined several key solution groups, including drafting legal documents that create a conducive legal corridor for 5G and IoT infrastructure development.

Simultaneously, the city will organize conferences and seminars to disseminate information and highlight the strategic importance of digital infrastructure. These initiatives aim to encourage enterprises to concentrate investment on digital systems within industrial zones, aligning with Hanoi's broader requirements for developing a digital government, digital economy, and digital society.

Finally, the plan dictates that digital infrastructure must be prioritized and maintained on par with essential transport and energy networks. Crucially, the planning of any new high-tech parks, industrial zones, or clusters must henceforth ensure immediate readiness for 5G and IoT deployment.

Vneconomy-Thanh Xuân

Jiangsu alone accounts for roughly one-tenth of all Chinese travellers to Vietnam, while Vietnam ranks among the top six source markets for Jiangsu.

Within the framework of the Vietnam Tourism Roadshow held in Nanjing (China), Mr. Nguyen Trung Khanh, Chairman of Vietnam National Administration of Tourism (VNAT), had a working meeting with Mr. Li Chuan, Deputy Director-General of Jiangsu province's Department of Culture and Tourism.

At the meeting, Mr. Khanh assessed that Nanjing is a destination with unique landscapes and rich historical and cultural values, which needs to be further explored in the development of tourism products. He affirmed that the Chinese market remains  one of the most important international visitor source for Vietnamese tourism.

According to statistics, in the first 10 months of 2025, Vietnam welcomed 4.3 million Chinese visitors, an increase of 44% compared to the same period last year, showing positive signs of recovery, although still not reaching pre-pandemic levels. Conversely, Vietnamese tourists are very fond of traveling to China, especially destinations such as Nanjing, Shanghai, Beijing, and southern or border-adjacent localities. The exchange of visitors between the two countries is increasingly convenient thanks to direct flights connecting many major cities of the two countries.

Specifically for Jiangsu province, the number of visitors to Vietnam accounts for about 1/10 of the total Chinese visitors to Vietnam; while Vietnam ranks among the top 6 largest source markets for visitors to Jiangsu. Both sides acknowledged that there is still great potential for growth, which needs to be exploited more strongly in the future.

Mr. Li Chuan said that Jiangsu has an area of approximately 100,000 km2, a population of 85-86 million people, and is the second largest economy in China. He expressed his appreciation for the strategic vision of the Vietnam National Authority of Tourism in organizing Vietnam tourism promotion programs in 6 of the 10 largest cities in China, demonstrating accuracy and professionalism in destination promotion.

He also expressed his desire for Jiangsu province to soon organize a roadshow in Vietnam to attract more Vietnamese tourists in the future. He hopes that through promotional activities, the two sides will continue to promote resort tourism, expand information exchange, and enhance tourism cooperation between the two sides.

Mr. Khanh agreed with the cooperation proposals from the leaders of the Jiangsu Provincial Department of Culture and Tourism. He emphasized that Vietnam and Jiangsu both have large populations, creating the potential to develop a strong and sustainable tourism market in the future.

In 2025, Vietnam welcomed many delegations of leaders from Chinese localities visiting and organizing roadshows and promotional programs in Hanoi and several other major cities; all programs have brought clear results. Mr. Khanh expressed his hope that Vietnam will soon welcome a delegation of leaders from Jiangsu province to visit and move towards signing a memorandum of cooperation on tourism between the two sides as soon as possible.

vneconomy-Anh Hoang