The Government has proposed piloting special mechanisms and policies for the development of Ho Chi Minh City, including the establishment of a Free Trade Zone.

The National Assembly Standing Committee on November 24 reviewed draft resolutions that amend and supplement special incentives for Ho Chi Minh City and central Da Nang city . 

According to the Government’s submission, the draft Resolution amending and supplementing certain provisions of Resolution No. 98/2023/QH15 on piloting special mechanisms and policies for the development of Ho Chi Minh City includes new provisions on the establishment of a Free Trade Zone (FTZ).

The draft sets out a comprehensive legal framework comprising seven key policies for the HCM City FTZ. These include decentralising authority to the municipal People’s Committee to decide on the establishment, expansion and adjustment of FTZ boundaries; empowering the municipal People’s Council to regulate relevant procedures, placing the Ho Chi Minh City Exporting Processing and Industrial Zones Authority in direct charge, specifying customs authority management, allowing land allocation and leasing without auctions or bidding for FTZ investment projects (except commercial housing).

It also covers reforming administrative procedures and investment conditions; offering corporate income tax and personal income tax breaks for experts, scientists and skilled workers; and permitting foreign-currency pricing and settlements inside the zone.

The NA Standing Committee also commented on a draft resolution amending and supplementing several provisions of the NA's Resolution No. 136/2024/QH15 on the organisation of urban administration and the pilot implementation of special mechanisms and policies for the development of Da Nang city. The draft Resolution also adds several provisions related to a FTZ in the central city.

VnEconomy-Hoàng Sơn

New regulations will be applicable to the import of used technological production lines, equipment, machinery, and tools that serve training and RD activities for digital technology products and services; or that directly serve semiconductor chip manufacturing, packaging, and testing projects.

The Ministry of Science and Technology has issued Circular No. 30/2025/TT-BKHCN, stipulating criteria for used technological production lines, equipment, machinery, and tools imported to directly serve projects for the manufacturing, packaging, and testing of semiconductor chips, as well as for training, and RD activities for digital technology products and services.

The Circular is applicable to organizations and enterprises participating in or related to the import of used technological production lines, equipment, machinery, and tools that serve training and RD activities for digital technology products and services; or that directly serve semiconductor chip manufacturing, packaging, and testing projects.

Under the new circular, used technological production lines are permitted for import when they meet the following criteria:

First,  they must not be included in the list of used, obsolete, poor quality, or environmentally polluting technological production lines announced by the exporting country.

Second,  a technology within the production line must not belong to the list of technologies prohibited or restricted from transfer in accordance with the laws on technology transfer.

Third, they must be manufactured according to standards that comply with the regulations of the National Technical Regulations (QCVN) regarding safety, energy saving, and environmental protection.

Fourth, the remaining capacity (calculated by the quantity of products created by the technological line in a unit of time) or performance must reach 85% or more compared to the design capacity or performance.

Fifth, the consumption level of raw materials, materials, and energy must not exceed 15% compared to the design specifications.

Sixth, for cases where technological production lines are imported to serve training, and RD activities for digital technology products and services as prescribed in Clause 4, Article 21 of the Law on Digital Technology Industry, the criteria specified in items 4 and 5 above do not apply.

The Circular also stipulates that used equipment, machinery, and tools are permitted for import when they meet certain criteria, such as: they must not belong to the list of used, obsolete, poor quality, or environmentally polluting machinery, equipment, and tools announced by the exporting country; and a technology incorporated in the machinery, equipment, and tools must not belong to the list of technologies prohibited or restricted from transfer in accordance with the laws on technology transfer; among others.

Circular No. 30 takes effect from January 4, 2026.

Vneconomy-Hạ Chi

The pack, coming into effect for Vietnam in 2019, considered one of the most effective deals for Vietnamese exports to the CPTPP market.

Six years after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect for Vietnam, the pact has created strong momentum for many Vietnamese export products, helping them penetrate deeper into member markets.

In the first ten months of 2025, trade turnover between Vietnam and CPTPP member economies reached $102.8 billion, a surge of 20.6% year-on-year. Vietnam’s exports accounted for $58.3 billion, up 26% from the same period last year. For comparison, two-way trade in 2024 was estimated at $102.1 billion, a 6.8% increase from 2023.

Australia and Canada have emerged as standout markets with notable trade growth.

Between 2018 and 2022, Vietnam–Australia bilateral trade expanded by around 20% annually. Trade value rose from $5 billion in 2012 to $8 billion in 2019—the year the CPTPP came into effect—and further to $15.7 billion in 2022. In the first ten months of 2025, the figure reached $11.5 billion. Despite global trade uncertainties in 2023–2024, two-way trade remained stable at nearly $14 billion per year. Australia is now among Vietnam’s top 10 trading partners.

The Canadian market has also benefited significantly from CPTPP commitments on tariff reductions, market access, and improved customs procedures. These commitments have enabled businesses on both sides to expand exports more sustainably.

Vietnam is currently Canada’s 7th largest trading partner, and the largest among ASEAN countries, accounting for nearly 45% of Canada’s total imports from the region. In 2024, Vietnam–Canada trade reached $7.2 billion, of which Vietnam’s exports represented more than $6.3 billion.

VnEconomy-Song Hà

Customers must use a chip-based ID card, a standard ID card, or a level-2 electronic ID for identity verification.

Starting January 1, 2026, domestic banks will no longer accept passports as valid identification for Vietnamese citizens in any transactions, including payments, cash withdrawals, or card services, the Vietnam News Agency quoted a circular from the State Bank of Vietnam as reporting.

Under the new regulations, customers must use a chip-based ID card, a standard ID card, or a level-2 electronic ID for identity verification. Passports will no longer be considered valid identification documents for banking procedures.

The central bank said the tightened process aims to ensure accuracy, strengthen fraud and forgery prevention, and standardise data across the entire banking system.

From 2026, banks will only allow transactions after customers successfully authenticate their personal information and biometric data.

Customers, especially frequent users of digital banking services, have been advised to update their personal information as early as possible to ensure smooth transactions.

Vietnam News Agency-Nguyễn Khánh Chi

The Ministry of Finance proposed adding many separate regulations to remove legal obstacles and increase initiative for PVN...

The Ministry of Finance (MoF) has proposed a draft decree outlining specific operational and financial mechanisms for the Vietnam National Industry - Energy Group (PVN).

This proposal aims to inherit existing legal frameworks established under the Government's Decree No. 36/2021/ND-CP.

The first is about handling costs of unsuccessful overseas investment projects.

Second, PVN projects operating on behalf of the host country before July 1, 2023 will continue to be applied according to Article 37 of Decree 45/2023/ND-CP, from the time PVN takes over the project after the petroleum contract ends until the new legal framework is completed and takes effect.

Third, PVN proposes to allow the Board of Members to use more than VND13.3 trillion ($504 million) of “other capital of the owner” and legal capital sources to supplement the charter capital of 100% state-owned enterprises, and at the same time be decentralized to decide on state capital investment – ​​including from assigned public assets – in accordance with legal procedures.

Fourth, PVN proposed to empower the Board of Members to decide on the time and depreciation plan for re-evaluated fixed assets or change the structure and function, and to be responsible for these decisions.

According to the MoF, the process of drafting decrees guiding Law No. 68/2025/QH15 has recognized the highly specific nature of oil and gas activities. Therefore, establishing a separate mechanism for PVN is necessary to address practical inadequacies where general regulations are no longer suitable.

Based on these grounds, the issuance of a Government Decree regulating the operational and financial mechanisms specific to the PVN is deemed essential to institutionalize the Party and State's policies and directions, ensuring compliance with new legal regulations, and providing a legal basis to enhance operational efficiency and resolve longstanding difficulties and obstacles at PVN.

Vneconomy -Lan Nhi

As of July 2025, the market recorded over 185,000 rooms across 1,500 lodging facilities, with the upscale to luxury segment accounting for 57 per cent of the total supply.

According to the Vietnam Hotel Market 2025 report by JLL and DN Lega, the hotel supply has been growing at a compound annual growth rate of 7 per cent up to 2024.

As of July 2025, the market recorded over 185,000 rooms across 1,500 lodging facilities, with the upscale to luxury segment accounting for 57 per cent of the total supply.

Ho Chi Minh City, Hanoi, and Da Nang are the three main markets, contributing 14 per cent, 13 per cent, and 12 per cent of the national supply, respectively. 

Notably, hotels have maintained a 20 per cent growth compared to the same period last year, thanks to a continuously increasing room occupancy rate. Revenue per available room, calculated in local currency, has increased by an average of 21 per cent annually from 2020 to 2024.

Mr. Karan Khanijou, Senior Vice President of JLL's Asia Hotel Hospitality Investment Division, noted that the hotel investment market is attracting attention, with recent transactions yielding returns of 6 per cent to 7.5 per cent, approaching investors' expectations of 8 per cent to 9 per cent.

Based on market trends and potential deals, JLL forecasts that hotel investment volume in Vietnam could increase from $100 million to $125 million in 2025, reflects confidence in the market's growth foundation and the increasing appeal of domestic and international investment capital.

According to JLL representatives, Vietnam is undergoing comprehensive legal reforms to create an unprecedented favorable investment environment.

Specifically, the Land Law 2024, effective from August 2024, allows for flexible land price adjustments within a year instead of the previous five-year cycle, providing greater transparency in land valuation.

Notably, the Vietnamese government is also restructuring its administration to create a more streamlined administrative system, opening up significant opportunities for upgrading transportation networks, service quality, and lodging facilities.

The tourism sector also aims to contribute 8.3-8.5 per cent of GDP in 2025. To achieve this, the government is implementing initiatives to position Vietnam as a leading tourist destination in Southeast Asia.

Looking ahead to 2026, Mr. Khanijou remains optimistic, expecting an increase in standard hotel supply and investment transactions. However, the biggest challenge remains selecting and filtering assets that meet the standards to attract institutional investors, as the actual supply is still quite limited.

vneconomy-Thanh Xuân

The Eurasian Economic Union (EAEU) recently initiated an anti-dumping investigation into truck tires imported from Vietnam with a margin of 19.59 per cent...

The Eurasian Economic Union (EAEU) recently initiated an anti-dumping investigation into truck tires imported from Vietnam and Thailand.

The investigation focuses on truck tires used for various vehicles such as freight cars, buses, electric vehicles, dump trucks, trailers, and semi-trailers. 

The investigation was prompted by a significant increase in imports from Thailand and Vietnam between 2022 and 2024, with volumes rising 2.6 times and their market share increasing 2.4 times.

During the same period, the ratio of imports from these countries compared to the EAEU's domestic production rose 2.8 times.

The complainants allege that the growth in imports, coupled with lower average import prices compared to domestic products (except in 2023), has negatively impacted the EAEU's internal production sector. 

The notification also highlights that the production of truck tires in Thailand and Vietnam is primarily for export, with their total production capacity far exceeding the EAEU market's consumption needs.

Furthermore, Vietnamese manufacturers plan to introduce new production capacities of up to 1.4 million products, significantly boosting their export potential. 

The alleged dumping margins are 24.17 per cent for truck tires imported from Thailand and 19.59 per cent for those from Vietnam. 

To respond to this trade defense measure, the Trade Remedies Authority of Vietnam, under the Ministry of Industry and Trade, recommends that associations notify accused manufacturers and exporters to promptly address and handle the case, urging them to participate to avoid being deemed uncooperative.

They should also identify the largest exporters during the investigation period (July 1, 2024 - June 30, 2025) to predict which companies might be selected as mandatory respondents.

Involved manufacturers and exporters need to quickly register as interested parties according to the guidelines, providing the aforementioned information (sampling procedure) within 25 days (no later than December 2, 2025) from the investigation's start date as required by the EAEU for sampling. Failure to respond within this timeframe will be considered non-cooperation and may result in unfavorable high duties.

The Trade Remedies Authority of Vietnam warns that any action indicating non-cooperation or incomplete cooperation may lead the EAEU investigation agency to use available data and impose the highest anti-dumping duties. 

Vneconomy-Song Ha

Samsung Vietnam continues to focus on recruiting technology students to meet the company's future needs for improved automation and new technology development...

Samsung Vietnam recently organized the second round of recruitment in 2025 for engineers, bachelors and university students.

In this recruitment round, the company continues to focus on recruiting technology students, to meet Samsung's need to improve automation and develop new technology in the future.

The company is also expanding its internship program to include students from social economics majors, providing them with the opportunity to experience working in a leading global technology company and contributing to a diverse and comprehensive workforce.

During their internships, students will not only receive attractive allowances and benefits but also gain professional knowledge through training courses and guidance from experienced Samsung experts.

Since 2011, the Global Samsung Aptitude Test (GSAT) recruitment program for university-level students has become an annual event for Samsung Vietnam, targeting graduates or soon-to-be graduates from all majors.

Alongside this program, Samsung Vietnam is implementing various other recruitment initiatives.

Vneconomy-Nhật Dương

German businesses are diversifying their supply chains and strengthening cooperation with reliable partners, creating major opportunities for Vietnamese enterprises...

The trade cooperation between Vietnam and Germany has maintained positive growth over the years, though in the context of global trade fluctuations, with the Vietnam-EU Free Trade Agreement (EVFTA)  significantly contributing to this growth, according to the Ministry of Industry and Trade of Vietnam.

According to Vietnam Customs, the implementation of the EVFTA has notably boosted trade between Vietnam and Germany, with trade figures rising from nearly $10 billion in 2020 to $11.7 billion in 2024, and projected to reach $13.3 billion in 2025. 

In 2025, Vietnam - Germany two-way trade has experienced positive growth, with 10-month value estimated at over $11.14 billion, an increase of 15.1 per cent compared to 10 months of 2024.

Ms. Dang Thi Thanh Phuong, Vietnam's Trade Counselor in Germany, assessed that the EVFTA is a crucial factor in maintaining bilateral trade growth amid the global trade disruptions caused by Covid-19, the conflict in Ukraine, and the Red Sea supply chain disruptions.

The Vietnam Trade Office in Germany stated that in the context of global trade competition, German and European companies are adjusting their supply chain strategies towards diversifying sources and enhancing production cooperation with reliable partners. Germany, being the largest market in the EU, has high income and diverse needs, especially as the Asian community continues to expand.

To maximize the long-term effectiveness of the EVFTA, the Vietnam Trade Office in Germany suggests that there needs to be stronger steps in upgrading production capacity, product traceability, green transformation, sustainable human development, and promoting localization. This is not only an opportunity to expand the market, but also a lever to upgrade the growth model and enhance Vietnam's position in the regional and global value chain.

Notably, the German market is increasingly tightening standards on traceability, green development, and sustainability. Besides the EU's general regulations, German distribution systems also have their own product quality requirements.

Therefore, to support businesses from both countries in strengthening connections and expanding the market in Germany, the Trade Office has established a Portal on the German market. 

In trade promotion efforts, the Trade Office has and will continue to implement measures to support Vietnamese businesses in participating in trade fairs in Germany; encourage stakeholders to include Vietnam in the list of partner countries of the Import Support Program funded by the German Federal Ministry for Economic Cooperation and Development; build relationships with German states and cities, major German industry associations...

Vneconomy-Vũ Khuê

The U.S. Department of Commerce has just announced the preliminary conclusion of the second administrative review of anti-dumping tax on Vietnamese raw honey.

The U.S. Department of Commerce (DOC) on November 18 announced the Preliminary Conclusion of its second anti-dumping duty on raw honey imported from Vietnam, with a significant reduction in the duty rate compared to the previous period, according to information from the Trade Remedies Authority of Vietnam (Ministry of Industry and Trade).

The review period spanned from June 1, 2023, to May 31, 2024.

According to the investigation, the DOC determined the dumping margins for the two mandatory respondent companies from Vietnam in the reviewing period, with 6.72 per cent calculated for one company and 21.55 per cent for the other.

Twelve other companies from Vietnam eligible for separate rates will face a duty of 14.14 per cent, which is the simple average of the dumping margins calculated for the two respondent companies. This rate marks a significant reduction from the first administrative review's final rates, which ranged from 100.72 per cent to 156.96 per cent for the period from August 25, 2021, to May 31, 2023, announced in April 2025.

Companies not eligible for separate rates, those not participating in the review, or new exporters will continue to be subject to the national duty rate of 60.03 per cent, as per the original anti-dumping order.

As the U.S. still considers Vietnam a non-market economy (NME), the DOC applied a methodology using surrogate values from a third country to determine normal value, as stipulated in Section 773(c) of the Tariff Act of 1930.

The Trade Remedies Authority of Vietnam noted that eelated parties have the right to submit a case brief within 21 days from the date of this preliminary notice, followed by a rebuttal brief within five days.

Parties wishing to request a hearing must submit a written request to the Assistant Secretary for Enforcement and Compliance, through the US Department of Commerce's International Trade Administration (ACCESS), no later than 5:00pm (Eastern Time) within 30 days from the date of this announcement.

The DOC is expected to issue its final determination within 120 days from the date of this preliminary announcement. 

Vneconomy-Vũ Khuê

The establishment of the branch aiming to give businesses and investors faster, more transparent options for resolving disputes.

A branch of the APEC Vietnam International Commercial Arbitration (VICA) Center has been launched in central Da Nang city.

Thanks to the branch, businesses and investors will have faster, more transparent options for resolving disputes, according to a report from the Vietnam News Agency.

The VICA Centre has introduced its branch in the city to promote commercial arbitration and mediation support activities for businesses and investors with dispute settlement in central Vietnam.

Director of the city’s Department of Science and Technology Nguyen Thanh Hong said the establishment of the centre plays an important role in fulfilling the city’s legal ecological system in favor of the establishment of an International Finance Centre (IFC) in Da Nang.

Chairman and General Director of the APEC VICA Da Nang branch Do Van Chuoc said the center will boost cooperation with the on-building IFC and expand activities in Da Nang and neighbouring provinces and cities in central Vietnam.

It is a positive step in providing legal settlement for trade and intellectual property disputes as well as improving transparency and publicity, and building trust among global investors, he said.

Vietnam News Agency-Khánh Vân

Some 4,000 tons of rice from national reserve provided for South Central region provinces currently suffering severe damage from heavy rains and floods.

Under a directive from the Givernment, the Ministry of Finance has allocated 4,000 tons of rice from national reserve to four provinces in Vietnam's south central region, which are now suffered from heavy flood consequences.

Of these, 1,000 tons of rice will go to Lam Dong province,  1,000 tons to Gia Lai province, and 2,000 tons to Dak Lak province in order to provide emergency support to local residents suffering from flood damage.

Vneconomy-Gia Huy

Export turnover from Nghe An enterprises to the Russian market reached $2.6 million in the first 10 months of 2025.

Leaders of Nghe  An province in central Vietnam  recently met with Mr. Vladislav Valerievich Shapsha, Governor of Russia's Kaluga Region, and a delegation from the Russian Federation during their working visit to the locality.

Recognizing Kaluga as a modern industrial, scientific, and technological hub of the Russian Federation, Secretary of the Nghe An Party Committee Nguyen Khac Than expressed confidence that the meeting would open up new opportunities  for the two localities' cooperation in the processing industry, component manufacturing, and high-tech sectors, as well as in education, training, and healthcare.

Regarding economic cooperation, export turnover from Nghe An to the Russian market reached $2.6 million in the first 10 months of 2025. Key export items include processed fruits and fruit juices, packaging, rice, and facing stones.

Although the export value remains modest, Nghe An officials assessed that the Russian market holds significant potential room for growth, particularly for deep-processed agricultural products and light industrial goods.

Governor Shapsha stated that Kaluga currently hosts three major industrial parks and numerous international-scale manufacturing plants. It is also home to a center for peaceful nuclear energy and a network of scientific research institutes, employing a large number of scientists in the fields of electronics and medicine.

The Governor affirmed that Kaluga is committed to accompanying foreign investors from the initial survey stage through to the commissioning of factories. The region has established a logistics center to support businesses in bringing products to international markets, with a specific focus on the Asian region.

Vneconomy-Nguyễn Thuấn

The central city has expanded its target markets, stepping up efforts to attract foreign investment waves...

As of mid-November 2025, the Da Nang Hi-Tech Park in central Vietnam's Da Nang city has attracted 32 projects with a total registered investment capital reaching $1.17 billion.

Among these are 19 domestic projects with a registered capital of VND10.576 trillion (nearly $402 million) and 13 FDI projects with a registered capital of $770.5 million.

Specifically, in 2025, the Da Nang Hi-Tech Park marked a significant milestone by successfully attracting two international data centers. The first is the AIDC DeCenter Data Center project, which received approval for its investment policy and investor on August 14. The project has a Phase 1 investment of $20 million, with the total project scale expected to reach up to $200 million. Construction is scheduled to begin in the fourth quarter of 2025, with official operations commencing in the fourth quarter of 2027.

Previously, in late March, the Da Nang Data Center—with a capacity of 1,000 racks—was established at Lot H4 of the Da Nang Hi-Tech Park. The total investment for Phase 1 is VND800 billion (nearly $30.4 million), with Phase 2 expected to reach VND1.2 trillion (approximately $42.6 million).

Head of the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA) Vu Quang Hung stated that investment promotion has been identified as a crucial task to attract large-scale investment projects utilizing modern technology.

DHPIZA has provided flexible and practical support regarding investment procedures, resolving obstacles in capital construction as well as production and business activities of enterprises. Simultaneously, the Authority is resolutely revoking delayed projects to reserve the land fund for capable investors.

DHPIZA has focused on attracting projects involving advanced technology, new technology, semiconductor microchips, artificial intelligence, and clean industries that offer high added value and the ability to connect with the global supply chain.

Furthermore, Da Nang has expanded its target markets, stepping up efforts to attract investment waves from Japan, South Korea, Singapore, the United States, and European countries, among others.

Vneconomy-Hạ Chi

Once completed, the project is envisioned as a tourism and service hub within the Vinh – Cua Lo – Kim Lien tourism triangle.

Central Vietnam's Nghe An province is calling for investment in an urban area and commercial service project in Van An commune, with total capital estimated at more than VND1.1 trillion ($41.8 million).

The project is planned for implementation over seven years and will operate for 50 years. Covering more than 33 hectares, it is designed to serve a population of around 3,000 residents, integrating urban development with commercial and service functions.

According to the province's plan, a selected investor will build a range of facilities, including three-storey townhouses, four-storey shophouses, and 7–9 storey commercial buildings. The project will also include public amenities such as cultural houses, kindergartens, technical infrastructure, roads, green spaces, and water features.

Once completed, the project is expected to become a political, administrative, economic, cultural, and scientific-technical center of the former Nam Dan district. It is also envisioned as a tourism and service hub within the Vinh – Cua Lo – Kim Lien tourism triangle, improving local living standards and contributing to economic growth.

VnEconomy-Nguyễn Thuấn

With its rich activities, the U.S.-Vietnam Friendship Festival is considered a unique event, highlighting the depth and breadth of cooperation between the two countries…

The U.S. Embassy in Hanoi and the Vietnam Union of Friendship Organizations (VUFO) organized the U.S. - Vietnam Friendship Festival on November 23 to celebrate the 30th anniversary of the establishment of bilateral relations between the two countries.

This is the last of four festivals held in many provinces and cities in Vietnam this year, to celebrate 30 years of bilateral relations between Vietnam and the U.S.. Previously, festivals were held in Da Nang, Can Tho and Ho Chi Minh City.

U.S. Ambassador to Vietnam Marc Knapper said that through the event, he wanted to send a message about the friendship between Vietnam and the U.S..

"This festival is an opportunity to celebrate the strength of the US-Vietnam Comprehensive Strategic Partnership and three decades of development in the bilateral relationship; promoting progress in expanding bilateral relations to the current heights," the Ambassador noted. "The event also looks to the future, as both sides honor and inspire young people who will continue to push this relationship forward in the next three decades."

According to the Ambassador, U.S. companies have been playing an indispensable role in supporting these goals.

Reviewing the 30-year journey of strong development of the relationship between the two countries, the Ambassador emphasized that the U.S. and Vietnam have cooperated extensively in all fields: trade, investment, education, science - technology, health, security - defense.

Among the pillars of the relationship between the two countries, the Ambassador highly appreciated the importance of educational cooperation - a bridge to promote understanding and mutual understanding between the people and youth of the two countries, with the expectation of bringing Vietnam to the 4th position in the number of international students in the U.S. - compared to the current 5th position.

The Ambassador also said that Vietnamese youth should focus on education, English, STEM, science - technology, engineering and mathematics, which are the keys to future industries.

Meanwhile, Mr. Dong Huy Cuong, Vice President of the VUFO, affirmed in the overall Vietnam - US diplomatic relations, people-to-people exchange has always been an essential source of connection, a solid foundation, a sincere bridge and a strong driving force, fostering understanding, trust and friendship between the two countries.

“In addition to the political trust between the two governments, the emotional foundation and love between the two peoples for each other’s culture and country is very important,” he added.

According to Mr. Cuong, in the coming time, the VUFO will continue to expand its partnerships with universities, research institutes, states and businesses in the US; at the same time, opening up the possibility of organizing an annual forum between the Vietnamese and US people to connect bilateral industries and businesses.

Economically, in the first ten months of the year, Vietnam's export turnover to the U.S. exceeded $126 billion - the highest level ever and increased by 28 per cent compared to the same period in 2024, according to Vietnam  Customs. The U.S. continues to be Vietnam's largest export market, accounting for over 30 per cent of the total turnover and playing a leading role in trade prospects in 2026. This figure exceeds the turnover of the whole year 2024, led by billion-dollar groups such as textiles, electronics, agriculture and aquaculture.

In the political and security field, the two countries have strengthened cooperation through the exchange of delegations, especially high-level delegations, implementing dialogue mechanisms and coordinating the handling of regional and global issues, including climate change response and supporting initiatives in ASEAN and Mekong cooperation.

Currently, among the ASEAN members, Vietnam has  the highest number of international students in the U.S., with nearly 36,000 students. Many U.S. universities have been implementing research and teaching programs on Vietnam, contributing to improving the understanding of the American people about Vietnamese history and culture.

Vneconomy -Ngoc Lan

South Korean National Assembly Speaker Woo Won Shik called for boosting technology commercialization while emphasizing talent training, citing this as the foundation for the sustainable growth of both nations.

South Korean National Assembly Speaker Woo Won Shik has proposed that the Republic of Korea and Vietnam prioritize joint research on new materials, AI, and future industries.

During a working session with the Vietnam-Korea Institute of Science and Technology (VKIST) as part of his official visit to Vietnam from November 20-22, Mr. Woo also called for boosting technology commercialization while emphasizing talent training, citing this as the foundation for the sustainable growth of both nations.

Speaking at the meeting, Deputy Minister of Science and Technology Bui The Duy emphasized that the model of the Korea Institute of Science and Technology (KIST) has always been an inspirational example of national development based on science, technology, innovation, and digital transformation.

Mr. Duy said that VKIST is gradually fulfilling its role in providing high-quality human resources and technological solutions for South Korean enterprises in Vietnam. It also serves as a bridge helping South Korean businesses effectively access the Vietnamese market and expand into the Southeast Asian region.

He expressed hope that the South Korean Government and National Assembly would continue to accompany and support VKIST in the next phase, developing the institute into a "hub" for cooperation in science, technology, innovation, and digital transformation between Vietnam and South Korea.

Commending Vietnam's progress in formulating policies for science, technology, innovation, and digital transformation, particularly in emerging fields such as Artificial Intelligence (AI) and Information Technology (IT), Mr. Woo affirmed that South Korea, one of the top OECD nations in RD investment, always considers Vietnam a key partner in the development of future technologies.

He affirmed that the South Korean National Assembly would spare no effort to support practical and effective cooperation programs in science, technology, innovation, and digital transformation.

Vneconomy-Bạch Dương

HCMC, Hanoi, and Da Nang lead the way in embracing the national innovation and startup movement and other localities are set to follow suit.

Vietnam is regarded as one of the most dynamic and promising destinations for innovation and startups in Southeast Asia, with a rapidly-growing, diverse, and well-connected ecosystem, and ranked 55th globally and fifth in Southeast Asia in the 2025 Global Startup Ecosystem Index published by StartupBlink.

Localities around the country have also made remarkable progress within this vibrant national startup landscape, with three cities featured in the global rankings: Ho Chi Minh City at 110th (up one place from last year), Hanoi 148th (up nine places), and Da Nang 766th (up 130 places). Startup support movements in cities and provinces nationwide have gained strong momentum in recent years, reflecting local consensus and active participation in the national innovation program.

Expanding nationwide

Ho Chi Minh City, Hanoi, and Da Nang stand out for creating favorable environments where innovation infrastructure, markets, and human resources converge, creating fertile ground for nurturing creative ideas and new business models.

Ho Chi Minh City, in particular, is considered a “promised land” for startups and is the cradle of many tech unicorns. The city is home to more than 2,000 startups, or around half of Vietnam’s total, and attracts some 44 per cent of startup investment capital nationally. Its startup ecosystem is currently valued at $7.4 billion, and features over 100 venture capital funds, creating a dynamic and promising environment for innovation.

The city has continually expanded its innovation and startup activities, confirming its strong commitment to becoming a leading hub in the field. Of particular note, the inauguration of the Startup Innovation Hub of Ho Chi Minh City (SIHUB) in late August marked a major step forward in implementing Politburo Resolution No. 57-NQ/TW on fostering breakthroughs in science and technology and in achieving the goal of positioning the city among the world’s Top 100 most dynamic innovation ecosystems.

Moreover, the Ho Chi Minh City People’s Committee has announced plans to establish a new Ho Chi Minh City Innovation Hub - a large-scale venue for research, creativity, and collaboration aimed at accelerating the city’s development and spreading its impact across the southern key economic region and Vietnam as a whole.

Hanoi has also been actively promoting local startup support programs, and has about 1,000 innovative startups. The Hanoi People’s Council recently approved a pilot project to establish the Hanoi Venture Capital Fund (HVCF), designed to invest in high-tech enterprises, science and technology companies, and innovative startups in key sectors, representing an important step in promoting innovation and commercializing scientific and technological products.

In addition to creating the venture fund, the capital also introduced policies that cover up to 70 per cent of the cost of capacity-building programs for innovative startups and subsidized infrastructure use at high-tech parks, innovation centers, and technology incubators.

Meanwhile, Da Nang has been steadily asserting its position as a dynamic innovation hub for the central region and central highlands. 2025 marked a milestone, with Da Nang making its debut among the world’s Top 1,000 startup ecosystems - recognition of both its sound strategic direction and the city government’s long-term vision for developing a knowledge and technology-driven economy.

The city is also carrying out a project to develop an international-scale Innovation and Startup Center, which is expected to be completed by December. This is among its key projects to realize its ambition of becoming a center for innovation and startups in the central region and central highlands.

Beyond these major cities, other localities such as Hai Phong, Nghe An, and Hue have also been active within Vietnam’s vibrant startup movement, reflecting the strong and growing spirit of innovation spreading around the country.

Closing the gap

Though many localities are showing positive momentum in innovation and entrepreneurship, the distribution of startups nationwide remains uneven.

According to the Vietnam National Startup Support Center (NSSC), a significant gap still exists between regions in terms of startup density, resources, and institutional support. Outside of major hubs like Hanoi, Ho Chi Minh City, and Da Nang, many localities still lack essential drivers to grow their startup ecosystem, resulting in clear disparities in development pace between regions.

To build a more balanced and inclusive ecosystem, upcoming policies should prioritize expanding incubation and acceleration infrastructure to less-developed areas, which would help unlock local innovation potential. Strengthening inter-provincial cooperation, sharing best practices, and replicating successful startup models would also be key to creating a stronger, interconnected national network for innovation.

Equally important is the need for support models tailored to the unique socio-economic conditions in each locality, rather than applying a uniform model from major cities. Greater mobilization of public-private partnerships (PPPs) will also be crucial in narrowing the innovation gap between regions, ensuring more equitable access to technology, finance, and training for startups nationwide. Direct support for startups themselves remains an indispensable part of developing local innovation ecosystems.

Ms. Dang Thi Luan, Acting Director of SIHUB, noted that more than 70 per cent of startups in Ho Chi Minh City lack investment capital, 45 per cent face legal barriers, and 30 per cent struggle with a shortage of skilled talent - factors that hinder research, commercialization, and market expansion. This, she explained, reflects a broader challenge shared by most cities and provinces around the country.

She suggested that the city upgrade and synchronize both physical and technological infrastructure to create an environment more conducive to startups working, experimenting, and growing. At the same time, policies should encourage broader participation from venture capital funds, large corporations, tech companies, and universities to form a closely-linked startup value chain.

Regarding human capital development, Ms. Luan emphasized the need to expand community training and capacity-building programs focused on innovation, entrepreneurship, AI, and the semiconductor industry. “International cooperation programs on training, incubation, networking, and market expansion for startups should be strengthened further,” she said.

-Phuong Nhi

The investment targetting potential energy and transport projects across Vietnam.

French green hydrogen infrastructure developer HDF Energy plans to invest $500 million in potential energy and transport projects across Vietnam, according to Mr. Tran Khanh Viet Dung, the company’s Country Director in Vietnam.

During a recent meeting with Ho Chi Minh City People’s Committee Vice Chairman Bui Xuan Cuong, Mr. Dung said the investment will specially focus on energy, hydrozen and green transport projects in Ho Chi Minh City. 

HDF has partnered with several ministries and major state-owned enterprises in sectors including renewable energy, transportation, maritime operations, and petrochemicals, he said.

He proposed that the city facilitate HDF Energy’s development of a green hydrogen–powered river bus line on the Saigon River, a green port project in Can Gio, green-energy supply solutions for the Con Dao Special Administrative Zone, and research and development of a hydrogen-powered urban rail line, according to the city’s official news portal.

Vice Chairman Cuong welcomed HDF Energy’s initiatives and highlighted their alignment with Ho Chi Minh City’s green-transition goals. He urged the company to accelerate investment in green transport, industrial decarbonization, and environmental projects—especially in the transport sector.

He affirmed that the city leadership is committed to creating favorable conditions and close cooperation to ensure HDF Energy’s projects are implemented effectively and successfully in the near future.

VnEconomy-Phương Nhi

Exports accounting for nearly $410.28 billion.

Vietnam’s total trade value reached $801.02 billion as of November 15, marking a 17% increase year-on-year, according to Vietnam Customs.

Exports accounted for approximately $410.28 billion, up 16.09% from the same period last year. The growth was driven by key export items, including computers, electronic products and components (up over $423 million, or 10%), and footwear (up $122.1 million, or 13.44%).

Foreign-invested enterprises (FDI) continued to play a dominant role, contributing more than $310 billion to export turnover—an increase of nearly 23% year-on-year.

On the import side, Vietnam purchased goods worth nearly $390.74 billion, rising 18.32% compared to the same period in 2024.

With exports slightly outpacing imports, the country recorded a trade surplus of $2.6 billion as of mid-November.

VnEconomy-Hoàng Sơn