This is the first visit to Algeria by a Vietnamese Prime Minister in a decade, since 2015.

Prime Minister Pham Minh Chinh, his spouse, and a high-level Vietnamese delegation arrived in Algiers on November 18 afternoon (local time), starting their official visit to Algeria from November 18-20, at the invitation of the host country's Prime Minister Sifi Ghrieb.

This is the first visit to Algeria by a Vietnamese Prime Minister  in a decade, since 2015.

Prime Minister Sifi Ghrieb personally welcomed Prime Minister Pham Minh Chinh, his spouse, and the Vietnamese delegation at the Houari Boumediene Airport. 

Despite the geographical distance, Vietnam and Algeria have maintained a long-standing relationship, particularly during their respective struggles for national independence. Over the past 60 years, the traditional friendship between the two countries has been continuously strengthened and developed across various fields.

The political and diplomatic relations between Vietnam and Algeria are characterized by mutual trust, facilitated by the regular exchange of high-level delegations. Algeria is currently one of Vietnam's important trade partners in Africa. In terms of investment, a notable project involves cooperation between major Vietnamese and Algerian enterprises in oil and gas exploration and extraction.

Defense and security cooperation is consistently maintained. Cultural and sports collaborations are also enhanced, with hundreds of Vietnamese martial arts clubs thriving in Algeria, attracting tens of thousands of practitioners across numerous provinces and cities. The Vietnamese community in Algeria currently numbers around 2,000 people.

While there is significant potential for cooperation between Vietnam and Algeria, particularly as each can serve as a gateway for the other to regional markets, geographical distance has limited the full exploitation of this potential, especially in trade and investment. This is particularly true in sectors where Vietnam and Algeria have strengths and needs that complement each other, such as energy, oil and gas, agriculture, mining, food processing, and manufacturing industries.

Prime Minister Pham Minh Chinh's official visit to Algeria is of great significance in elevating the cooperative relationship between the two countries to a new level, opening a new era of dynamic and extensive cooperation. It is expected to further strengthen political trust, promote and create new momentum for economic, trade, and investment cooperation, and enhance people-to-people connections between the two nations in the new development phase.

Vneconomy-Viet An

Vietnam Economic Times Issue 431 | Monday, November 17, 2025

Dear readers,

As we reflect on Vietnam’s socio-economic trajectory from 2021 to 2025, a story of resilience, adaptability, and strategic reform emerges, underscored by the country’s ability to navigate unprecedented global and domestic challenges.

The recent “Vietnam Socio-Economy 2021-2025: Resilience and Breakthrough” seminar illuminated this remarkable journey, with experts highlighting Vietnam’s capacity to not only weather storms but also to achieve transformative breakthroughs. This period, marked by global shocks such as supply chain disruptions and geopolitical tensions, very much tested Vietnam’s mettle. Through proactive governance, private sector dynamism, and a forward-looking vision, however, Vietnam has solidified its position as a rising star in the global economy.

It has faced storms from many directions since 2021, including the lingering impact of the Covid-19 pandemic, trade volatility, and domestic structural constraints. Despite such obstacles, the country’s GDP growth averaged an estimated 6.3 per cent annually in the 2021-2025 period, driven by robust export performance, solid FDI attraction, and rising domestic consumption.

A pivotal moment along this journey was Vietnam’s commitment to a green and digital economy, as reaffirmed at the Vietnam Business Forum (VBF) 2025, held in Hanoi on November 10. The government and local business community showcased their resolve to align with global sustainability trends, prioritizing renewable energy, smart infrastructure, and digital transformation.

Prime Minister Pham Minh Chinh affirmed that the digital and green transitions are “objective imperatives, strategic choices and top priorities”. He called on foreign investors to invest in new growth engines such as AI, semiconductors, new energy and renewable energy.

The private sector’s role in this transformation cannot be overstated. In our interview with the Deputy Minister of Finance in this issue, the significance of Resolution No. 68-NQ/TW, issued by the Politburo in May 2025, was highlighted, with the landmark policy aiming to elevate Vietnam’s private economic sector as a cornerstone of growth and to have at least 3 million enterprises contributing over 60 per cent of GDP by 2045.

By streamlining regulations, enhancing access to capital, and fostering innovation, the Resolution has empowered small and medium-sized enterprises (SMEs) to thrive. The Deputy Minister noted that in the first ten months of this year, 255,800 new and resuming enterprises were recorded, for a 26.5 per cent increase over the same period of 2024; a testament to the policy’s impact.

Our Cover Story this week illustrates Vietnam’s journey from 2021 to 2025, driven by its strategic foresight and collective resilience. As we move into the 2026-2030 period, the country’s focus on green growth, digital innovation, and private sector empowerment will shape a sustainable and inclusive future. This is not just a story of development but of a country boldly charting its path into the “New era - The era of the nation’s rise”.

Warmest regards

Dr. CHU VAN LAM
CHAIRMAN OF THE EDITORIAL BOARD

VET-Vietnam Economic Times - VnEconomy

The two parties also discussed plans to jointly research and promote investment in logistics infrastructure projects in strategic regions of Vietnam.

Global CEO of Denmark's A.P. Moller - Maersk Group, Mr. Vincent Clerc, on November 18 led a high-level delegation to visit and work with Vietnam's Hateco Group, an enterprise specialized in logistics infrastructure. 

The visit demonstrates Maersk's special interest in Hateco's direction for developing a logistics ecosystem in Vietnam, while opening up opportunities for extensive cooperation between the two sides in the near future, the Government News remarked.

During the meeting, the Maersk CEO highly appreciated the outstanding success of the berths No. 5 and No. 6 project at Lach Huyen Seaport, Hai Phong city, for which Hateco is the investor.

Mr. Clerc expressed strong impressions regarding the implementation speed, infrastructure scale, and modern planning vision of the project. He emphasized that Lach Huyen is gradually becoming a crucial link in the international seaport network.

The Hateco Hai Phong International Container Terminal is a global-standard seaport, distinguished not only by its wharf infrastructure and management technology but also by its supply chain connectivity capabilities. The terminal has successfully attracted international shipping routes and built strong trust with global carriers, among which Maersk is a key partner.

On the occasion, the two parties also discussed in depth cooperation opportunities for the coming period, specifically plans to jointly research and promote investment in logistics infrastructure projects in strategic regions of Vietnam.

A.P. Moller - Maersk is the largest integrated logistics service provider from Denmark, with a history dating back to 1904. Operating in over 130 countries with a workforce of more than 100,000, Maersk provides pioneering digital solutions to connect domestic and international supply chains from end to end.

Government News-Nguyễn Khánh Chi

The Vietnamese PM urged promotion of a direct Kuwait-Vietnam air route to enhance economic connectivity, business linkages, cultural exchange, tourism development, and people-to-people ties.

Within the framework of his official visit to Kuwait, Prime Minister Pham Minh Chinh on November 18 held working sessions with several ministers, leaders of investment funds, and leading economic groups of Kuwait to promote the realization of the newly upgraded Vietnam-Kuwait Strategic Partnership across all sectors, according a report from the Government News.

In a meeting with Managing Director of the Kuwait Investment Authority (KIA) Sheikh Saud Salem Abdulaziz Al-Sabah, PM Chinh stated that the upgrade of Vietnam-Kuwait relations to a Strategic Partnership serves as a favorable condition to promote cooperation between the two countries in all fields, particularly in the economy.

Noting that economic, investment, and trade cooperation between Vietnam and Kuwait in recent times has been slow and not yet commensurate with the political ties between the two nations, the PM emphasized the need to realize the new Strategic Partnership.

He proposed that the KIA provide financing and cooperate not only with the State sector but also with Vietnam's private sector in priority areas and projects, through both direct and indirect investment channels.

In particular, the PM urged the promotion of a direct Kuwait-Vietnam air route to enhance economic connectivity, business linkages, cultural exchange, tourism development, and people-to-people ties.

KIA Managing Director Sheikh Saud Salem Abdulaziz Al-Sabah stated that the KIA is currently diversifying its investments, looking not just at the present but at long-term development globally, with Vietnam identified as a key destination.

He noted that Kuwait in general, and Kuwaiti enterprises in particular, are keen to cooperate, with many existing investment projects in Vietnam already operating effectively.

Expressing strong agreement with PM Chinh's views, Mr. Sheikh Saud Salem Abdulaziz Al-Sabah proposed sending a working delegation to coordinate with Vietnamese partners to resolve bottlenecks and pave the way for future projects. He aims to promote sustainable investment cooperation between the two countries and expressed hope that both Governments would support this policy to facilitate specific, long-term joint projects for mutual prosperity.

He affirmed his readiness to explore new cooperation opportunities in sectors prioritized by Vietnam and to encourage investors to come to the country. He emphasized that the Fund possesses substantial capital resources, seeks long-term investments, and aims to contribute to Vietnam's prosperity. Additionally, he highly appreciated Vietnam's tourism potential, noting that many Kuwaiti citizens wish to visit, and agreed to promote the establishment of a direct flight route between the two nations.

VGP-Nguyễn Khánh Chi

E10 biofuel has already been piloted in Hanoi, HCM City and Hai Phong since August 1 this year.

Vietnam plans to roll out E10 biofuel nationwide from June 2026 under a new circular issued by the Ministry of Industry and Trade (MoIT).

Under Circular 50/2025/TT-BCT from the MoIT,  all unleaded gasoline on the market must be converted to E10—a blend containing 10% ethanol—from June 1, 2026. However, the existing E5 RON92, which contains 5% ethanol, will remain available through the end of 2030.

The MoIT was quoted by the Vietnam News Agency as stating that it may adjust blending ratios and introduce new gasoline products when necessary to ensure energy security, meet environmental targets, and safeguard consumer interests.

The ministry also noted that the use of biodiesel B5 and B10 will not be mandatory for diesel engines at this stage.

E10 biofuel has already been piloted by major distributors Petrolimex and PV Oil since August 1 in Ho Chi Minh City, Hanoi and Hai Phong.

Vietnam News Agency-Khánh Vân

Some 3.34 million tons of cassava and cassava products were exported in the period.

Vietnam exported 3.34 million tons of cassava and cassava products in the first ten months of 2025, earning over $1 billion, according to Vietnam Customs.

The figures represent a surge of 59.8% in volume and 8.5%  in value, compared to the same period last year.

In October alone, exports reached 260,000 tons, worth $88.53 million, marking year-on-year increases of 47.6% in volume and 16.3% in value. The average export price rose to $340.1 per ton in October, up 2.7% from September.

China remained Vietnam’s largest buyer, importing 3.16 million tons worth $962.74 million in the January–October period, up 63.8% in volume and 10.3% in value year-on-year.

Several other markets also showed signs of recovery, including Taiwan (China), Japan, Malaysia, the Republic of Korea, and the Philippines. Notably, the Republic of Korea posted an unexpected spike in October, increasing its imports of Vietnamese cassava by 1,282% from September, to more than 7,000 tons worth $1.99 million.

VnEconomy-Chu Minh Khôi

The northern port city targets to have 150 sci-tech enterprises by 2030.

Businesses operating in the field of science and technology in northern Hai Phong city will benefit from land rent exemptions and reductions starting this November, according to the municipal People’s Committee.

Under the policy, qualified enterprises will be exempt from land and water surface rental fees for 15 years from the date of the land lease decision, followed by a 50% reduction for the next nine years.

To be qualified,  enterprises must be engaged in scientific and technological production, business, or service activities that create products or goods derived from scientific research and technological development results recognized by a competent authority.

Hai Phong is currently home to 76 science and technology enterprises, and the number is expected to increase to 150 by 2030 as the city intensifies efforts to attract and support innovative businesses.

VnEconomy-Nam Khánh

The country exporting over 109,000 tons of tea between January and October, with export value to Thailand surging 71.7% in the first nine months of the year.

Vietnam exported more than 109,000 tons of tea in the first ten months of 2025, earning nearly $189 million, according to Vietnam Customs.

The figures represent year-on-year declines of 10% in volume and 11% in value.

In October alone, the country shipped nearly 12,100 tons of tea worth more than $21 million.

The average global tea export price during the ten-month period was over $1,725 per ton, down 1.03% compared to the same period last year.

While shipments to several traditional markets—including Russia, the United States, Indonesia and Pakistan—declined, exports to China and Thailand recorded notable growth.

China remained Vietnam’s third-largest tea importer, with import volume rising 1.9% and value up 6% year-on-year.

Exports to Thailand also increased, with quantity up 0.4% and value surging 71.7% in the first nine months of the year.

VnEconomy-Chu Minh Khôi

SJC-branded gold bar prices down VND1.7 million ($64.6) per tael for both buying and selling.

Domestic gold prices fell sharply on November 18, tracking the downward trend in the global market.

SJC-branded gold bar prices at major local gold companies dropped by VND1.7 million ($64.6) per tael for both buying and selling, settling at VND147.3–149.3 million ($5,600–5,676) per tael.

One tael equals 37.5 grams, or 1.2 ounces.

Gold ring prices also declined significantly. Most retailers cut prices by VND1.2 million ($45.6) per tael for both buying and selling, bringing them down to VND145.3–147.8 million ($5,524–5,619) per tael.

On the global market, gold prices plunged for the fourth consecutive day, dropping 0.8% to US$4,015.1 per ounce. Despite the fall, domestic gold prices remained about VND20.25 million ($769) per tael higher than international prices.

VnEconomy-Lan Nhi

The conference, opened in Ninh Binh on November 18, focuses on tourism cooperation among Greater Mekong Subregion (GMS) countries.

The International Conference on Sustainable Tourism Development in the Greater Mekong Subregion (GMS) countries, with Vietnam acting as its host, was held in northern Ninh Binh province, on November 18.

Speaking at the event, Mr. Ha Van Sieu, Deputy Director General of the Vietnam National Authority of Tourism (VNAT), reiterated Vietnam’s commitment to strengthening cooperation with other GMS countries in data sharing, joint research and coordinated action to achieve shared sustainable development objectives.

He emphasized that Vietnam continues to stand out as a prominent and competitive destination in the region.

Mr. Sieu said that sustainable tourism has evolved from a global trend into a defining direction for the tourism sector, making the development of green, inclusive and responsible tourism an urgent priority. Sustainable tourism is essential not only for environmental and cultural protection but also for maintaining long-term competitiveness, the official noted.

According to him, the adoption of the GMS Tourism Development Strategy toward 2030 represents a significant milestone and sets a new trajectory for regional tourism cooperation. Vietnam is rolling out its 2023–2025 Green Tourism Development Program, targeting sustainable destinations and models, accelerating digital transformation, reducing greenhouse gas emissions and ensuring tourism benefits are shared fairly with local communities, he said.

Mr. Etienne Jenni, Program Manager for Trade Promotion at the Swiss State Secretariat for Economic Affairs (SECO), was quoted by the Vietnam News Agency as  saying at the conference that  Switzerland aims to promote tourism growth that delivers long-term economic, social and environmental benefits by improving policy frameworks, applying internationally recognized sustainability standards, enhancing the capacity of private tourism enterprises and developing advanced tourism and hospitality management skills.

The conference mainly focused on awareness and experience in sustainable tourism development in GMS countries, and GMS vision and actions for advancing sustainable tourism. Delegates shared successful tourism models, international standards that should be adopted, and ways to mobilize resources and boost international cooperation in the field; shaped a common vision and objectives for 2030; and underscored the role of the Mekong Tourism Coordinating Office and the active participation of all stakeholders in implementing the region’s shared strategy.

-

Masterise Group convenes global architecture giants to design Gia Binh International Airport, shaping Vietnam’s next major aviation gateway. The competition brings together three of the world’s leading architectural firms

Masterise Group has brought together three of the world’s leading architectural names - Gensler (US), SOM (US), and Nikken Sekkei (Japan) - for an international competition to determine the design of the Gia Binh International Airport Passenger Terminal, a project envisioned as a new national landmark. The contest marks a significant step in Vietnam’s pursuit of modern, strategic infrastructure as the country enters a new phase of economic expansion.

A Northern gateway and future aviation hub

The competition’s presentation round took place on November 8, 2025, at Sofitel Legend Metropole Hanoi. Skidmore, Owings Merrill LLP (SOM), Nikken Sekkei Ltd., and Gensler - designers of several Skytrax 5-star airports, including Incheon, Haneda, and Changi - showcased proposals rooted in global standards and local identity.

Structured as a fully international design process, the competition included live presentations, independent evaluations, secret voting, and a transparent results protocol. It was conducted in compliance with Vietnamese legal requirements and international norms in architecture, planning, and construction.

An international Jury Panel assessed the final submissions, including Professor Richard De Neufville of the Massachusetts Institute of Technology; architect and urban planner Moshe Safdie of Safdie Architects; Mr. Cristiano Ceccato de Sabata, Director at Zaha Hadid Architects; Mr. Laurence Liauw, Principal Director of SPADA and Adjunct Associate Professor at the University of Hong Kong; and Mr. Trevor Carnahoff, Program Director Regional Market Solutions Lead Asia Aviation at Jacobs.

Vietnamese representatives from the Ministry of Public Security, Ministry of Construction, the Bac Ninh Department of Construction, and leaders of Masterise Group also participated to ensure professional and regulatory integrity.

Design concepts highlight Vietnamese identity and global standards

In a focused and professional session, all three firms presented concepts shaped by research into Vietnamese culture, landscapes, and the long-term growth of the aviation sector. Each proposal embraced a next-generation “smart – green – sustainable” airport model aimed at enhancing socioeconomic development while placing passenger experience at the forefront.

Sustainability features, including rainwater harvesting, optimized daylight through skylights, nighttime natural ventilation, use of low-carbon materials such as timber and terracotta, and integrated rooftop solar systems, were particularly noted.

Well-researched proposals demonstrate professional depth and creative commitment

Mr. Jordan Pierce, Senior Associate Principal at SOM, explained the firm’s concept: “Our thinking around the design of the new terminal for Gia Binh was that we really wanted to have a design that was inspired by the landscapes of Vietnam, a design that would be resonant with people throughout the entirety of the country because its inspiration would be drawn from the landscapes that make up the beautiful country of Vietnam. We came up with the design of an airport that we're calling the Terminal of the Water Gardens, where each moment of the passenger journey is marked by a different landscape experience centered around water.”

The Jury evaluated the designs against ten criteria, including feasibility, sustainability, creativity, cultural expression, functionality, and aesthetics. All proposals were required to meet international standards for modern airport design and operations. The assessment process involved independent scoring and direct professional dialogue.

Independent and transparent evaluation to identify the optimal design for a 4F / Skytrax 5-Star International Airport

Mr. Laurence Liauw, Vice Chairman of the Jury, noted: “I think this is a very good time for Hanoi to develop a new airport. I think the old airport has been around for a long time, and has served its purpose, its full capacity. So apart from expanding the capacity, I think it represents an opportunity for Hanoi to grow the aviation business. The economy and the population are growing very fast. And Hanoi as a kind of global tourist destination on the world map is increasing its footprint. So I think the new airport will be a very welcome addition to the nation's expanding tourism and aviation industry.”

A symbol of global ambition

Envisioned as the northern gateway airport and a future hub for passengers, cargo, and MRO services, the Gia Binh International Airport is positioned to support growth across Hanoi and the Northern key economic region. Designed to meet ICAO 4F technical standards and Skytrax 5-Star service benchmarks, the project carries strategic economic, security, defense, and diplomatic significance.

The airport is projected to handle 30 million passengers and 1.6 million tonnes of cargo annually by 2030, with capacity increasing to 50 million passengers and 2.5 million tonnes of cargo by 2050, positioning it alongside major regional hubs such as Changi, Incheon, and Suvarnabhumi.

Professional, open, and dynamic presentation process to find a design worthy of Gia Binh International Airport’s scale

Beyond operational targets, the airport aims to be a model of smart, green development, prioritizing energy efficiency, environmental protection, and optimal user experience across all design and operational stages.

The international design competition, executed with rigorous professional standards, underscores the project’s global ambitions and Masterise Group’s commitment to leveraging world-class expertise in shaping Vietnam’s next generation of national infrastructure.

-

The path to success for Vietnam’s startup ecosystem would be made easier by its participants working together not apart.

As Vietnam’s startup ecosystem enters a phase of rapid growth, networks, alliances, and associations are emerging as key platforms. Experts believe the greatest value these alliances offer startups is their ability to create synergy - connecting and leveraging resources from businesses, research institutes, investment funds, and support organizations.

Fear of loss

At a recent event on developing Vietnam’s network of innovation and startup centers, Mr. Dinh Viet Hoa, President of the Vietnam National Entrepreneurship Association, stressed a key to literal survival: “Relationships are assets. Many businesses fail not because of weak products or capabilities, but due to a lack of customers and connections. That’s why networking and sharing activities among companies are absolutely essential. They can be a matter of survival.”

The importance of connections and the role of networks and associations is undeniable, but while the need for collaboration is widely recognized, actually linking these networks together remains difficult due to various barriers. With 15 years of experience working with multiple associations, Mr. Hoa acknowledged that bringing networks together is almost an insurmountable task. He highlighted a common mindset that hinders cooperation: “We tend to compete, fear losing, fear sharing, and fear being at a disadvantage.”

This “fear of loss” remains one of the biggest obstacles to collaboration and knowledge sharing in Vietnam’s innovation ecosystem, especially when it comes to each organization’s most valuable assets. Mr. Vu Manh Hung, Vice Chairman of the Vietnam Inventors Association, posed the question bluntly: “Are we willing to share member lists, expert directories, patent data, research results, or our partnerships? I think not.”

This closed mindset prevents many knowledge resources from being fully utilized. Mr. Hung cited a regrettable reality: though all patents are published and publicly available in the system, many companies simply don’t know how to access or use them.

He noted that, internationally, companies exist to sell patent databases. Vietnam has also digitized its Intellectual Property Office data, but some Vietnamese researchers and businesses have to buy back patent data from foreign companies just to conduct research. “This is a painful paradox, reflecting the lack of connection and information sharing within our own ecosystem,” he said.

Bridging research and markets

Ms. Tran Anh Phuong from the Vietnam University College Innovation Startup Network (VNEI) acknowledged that connections between universities and companies are still “very loose, with current links fragile and offering little practical value.”

According to Ms. Phuong, universities hold vast resources in the form of research projects, inventions, and innovations by faculty and scientists. Yet many of these works remain “locked away in drawers,” unused in practice. “This is not a new story, but it remains a pressing challenge,” she said: “How can the inventions of PhDs and professors actually be fully commercialized to deliver real economic and social value? That’s why connections with businesses are so critical.”

She also highlighted a key issue: mechanisms are needed to encourage joint research and implementation, bridging the gap between academic outcomes and real market demand. “When businesses and universities collaborate on research projects and jointly develop products and technologies, we can accelerate the commercialization of inventions, bringing research from the lab into real-life applications more effectively and sustainably,” she added.

Ms. Phuong also stressed that if innovation centers at universities and institutes could connect closely, not just with the private sector but with all ecosystem players, it would create significant synergy. Such connections could nurture a new generation of entrepreneurs, startups, and researchers capable of driving national innovation in the years ahead.

Mr. Nguyen Duy Dung from the Ministry of Science and Technology’s National Agency for Technology Entrepreneurship and Commercialization Development (NATEC) noted that successful businesses and startups begin by identifying societal problems and offer suitable solutions. Yet even with viable solutions, startups often struggle at the commercialization stage, lacking market connections and the ability to bring products to market.

“Many companies achieve revenues in the trillions of VND thanks to strong networks, skills in product commercialization, market insight, and efficient operations,” he said. “Conversely, scientists - even highly specialized ones - often fall short in linking with markets and commercializing their research.” He emphasized that this gap is one that Vietnam’s startup ecosystem must address through closer links between researchers, businesses, and innovation support networks.

Connecting beyond borders

In today’s globalized economy, international connectivity is a matter of survival for Vietnamese businesses. “If we only look within Vietnam and its more than 100 million people, we already have a sizable market, about one-eighth the size of Europe’s population,” Mr. Hoa explained. “But on a global scale, Vietnam accounts for just one-eightieth of the world’s population. That’s why expanding ties with the international community is crucial, not only as a chance to learn but also as a gateway for Vietnamese enterprises to go global.”

Meanwhile, the rapid rise of AI is reshaping how people connect and collaborate. According to Ms. Jenny Nguyen from the Vietnam AI Community, AI is breaking down traditional barriers of language, time zones, and geography, opening up new ways to communicate and work together more efficiently. “Barriers such as language, time zones, and geography are no longer real obstacles,” she said. “Whether working in China, Thailand, or elsewhere, we no longer need to speak the local language to communicate or sign deals, thanks to AI-powered translation.”

This technological shift, she said, not only creates vast opportunities but also calls for stronger collaboration within the ecosystem. No single community can achieve progress alone; building a truly connected digital network is essential to help people engage seamlessly from anywhere in the world.

Mr. Ngo Tuan Anh, Chairman and CEO of SCS, has observed that most innovation-driven startups in Vietnam stem from technology and engineering. But their biggest challenge lies in sales - how to reach the market. “Many companies can build products, but selling them is another story,” he said.

He believes sustainable growth in high-tech industries requires time, persistence, and especially government support. “It’s similar to South Korea in the 1970s, when Hyundai started out as a construction firm,” he explained. “With a long-term strategy and State backing, it evolved into one of the world’s leading automakers. Vietnam can absolutely follow that path.”

Experts agree that the ultimate goal of Vietnam’s startup and innovation ecosystem is not just to create products but to generate real value for its members. It should be a space where businesses share resources, support one another through the early challenges, and grow together sustainably, by overcoming the “fear of loss” and building a culture of transparent, trust-based collaboration.

VET-Huyen Thuong

Agreement on the upgrade of the bilateral ties was reached during the talks between Prime Minister Pham Minh Chinh and his Kuwaiti counterpart Sheikh Ahmad Al-Abdullah Al-Sabah in Kuwait City, on November 17.

During the talks between Vietnamese Prime Minister Pham Minh Chinh and  his Kuwaiti counterpart Sheikh Ahmad Al-Abdullah Al-Sabah in Kuwait City on November 17, the two sides agreed to upgrade the countries' relations to a strategic partnership, while outlining major orientations to advance Vietnam – Kuwait relations in a stronger, more comprehensive, and sustainable manner,  according to a report from the Government News.

The Kuwaiti Prime Minister welcomed Prime Minister Chinh and the high-ranking delegation of Vietnam, describing the visit as a historic milestone that injects new momentum into bilateral relations, opening up a phase of deeper, more substantive, and effective cooperation.

He commended Vietnam's impressive development achievements and expressed confidence that with its rising international profile, Vietnam will continue contributing actively to peace, cooperation, and development in the Asia-Pacific and globally.

Prime Minister Chinh congratulated Kuwait on its progress in economic model transformation and sustainable development as it advances towards the goals of Vision 2035, affirming that Vietnam always treasures the friendship and multifaceted cooperation with Kuwait – the first Middle Eastern country to establish diplomatic ties with Vietnam, in 1976.

The two leaders noted that over nearly five decades of cooperation, bilateral ties have continuously expanded across trade, investment, energy, education, labour, and development assistance. Kuwait has become one of the leading trade partners and an important development partner of Vietnam in the Middle East.

Both sides agreed to increase mutual visits at all levels, especially high-level ones; strengthen the existing cooperation mechanisms, including the Inter-governmental Committee and the political consultation; and establish new specialised working groups such as a joint working group on digital transformation to promote cooperation in all fields.

They also agreed to step up cooperation in security and defence, including experience-sharing and response to cybersecurity and non-traditional security challenges.

The two Prime Ministers identified economic, trade, and investment cooperation as an important pillar of the bilateral relationship, and agreed to strive for two-way trade of $12–15 billion by 2030.

Vietnam proposed that Kuwait expedite negotiations on a free trade agreement between Vietnam and the Gulf Cooperation Council (GCC), and consider discussions on a Vietnam – Kuwait comprehensive economic partnership agreement (CEPA).

They pledged close coordination to expand the Nghi Son refinery and petrochemical project on the basis of “harmonised interests and shared risks" and consider this as a symbol of the Strategic Partnership, thus contributing to the energy security of both countries.

Vietnam affirmed its readiness to provide oil and gas services and skilled personnel for projects in Kuwait, while promoting cooperation in new initiatives, including the development of petroleum reserve and transshipment facilities in Vietnam.

The Kuwaiti Prime Minister emphasised the importance of a multifaceted relationship with Vietnam. Acknowledging that ample room remains to expand cooperation between the two countries, particularly under the recently upgraded Strategic Partnership framework, he welcomed investment opportunities in Vietnam, and pledged to encourage the Kuwait Public Investment Fund and other Kuwaiti investors to carry out major, strategic projects in Vietnam. He directed the Kuwait Fund for Arab Economic Development to continue promoting ODA initiatives aligned with the interests of both countries. The Kuwaiti leader proposed that the two sides finalise an air transport agreement and explore direct flight routes between the two nations.

Highlighting the potential for cooperation in food security, the Kuwaiti Prime Minister said he would promote investment in building an agricultural production plant in Viet Nam for export to Kuwait and regional countries.

Prime Minister Chinh suggested negotiating a long-term framework agreement on strategic commodities, including rice, to ensure Kuwait’s food security and implement projects supporting the development of the Halal ecosystem in Vietnam. He affirmed that Vietnam welcomes and provides all necessary support for Kuwaiti investment funds and businesses, including inviting the Kuwait Investment Authority (KIA) to invest in Vietnam's International Financial Centre.

Beyond economic cooperation, the two sides agreed to expand collaboration in emerging areas such as science and technology, digital transformation, innovation, cybersecurity, renewable energy, education and training, tourism, and people-to-people exchanges. Both Prime Ministers concurred to make educational and cultural cooperation a sustainable foundation for long-term friendship between the two nations.

The Kuwaiti Prime Minister pledged to expand scholarships for Vietnamese students in new fields, such as STEM and basic sciences, and agreed to jointly organise “Vietnam Days in Kuwait” and “Kuwait Day in Vietnam” to mark the 50th anniversary of diplomatic ties (1976–2026). The two sides also discussed the possibility of visa exemptions for citizens of both countries.

On regional and international issues of mutual concern, the two Prime Ministers agreed to strengthen cooperation in regional and global multilateral mechanisms, such as the United Nations (UN), the Association of South East Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC). They shared a common vision on resolving disputes by peaceful means, in line with international law and the UN Charter. As one of the largest humanitarian donors to Gaza and Syria, Kuwait welcomed Vietnam’s coordination in implementing in reconstruction activities in the Middle East.

Following the talks, the two Prime Ministers witnessed the signing of a protocol amending the Agreement on visa exemption for diplomatic and official passport holders between Vietnam and Kuwait, and a memorandum of cooperation between the Diplomatic Academy of Vietnam under Ministry of Foreign Affairs and the Saud Al-Nasser Al-Sabah Kuwait Diplomatic Institute under Kuwait’s Ministry of Foreign Affairs.

VGP-Khanh Van

The project aims to create a network of tens of thousands of satellites in low Earth orbit to provide high-speed broadband Internet services.

The Vietnamese government has issued a directive to address challenges faced by SpaceX's satellite Internet project, Starlink.

The directive was highlighted in the Government Office's Notice No. 624/TB-VPCP, dated November 16, 2025, following the fifth meeting of the Government Steering Committee on the development of science, technology, innovation, digital transformation, and Project 06.

The Starlink project, initiated by SpaceX - the aerospace company of billionaire Elon Musk - aims to create a network of tens of thousands of satellites in low Earth orbit to provide high-speed broadband Internet services.

At the end of 2024, SpaceX expressed interest in offering Starlink satellite Internet services with a planned investment of $1.5 billion. Mr. Tim Hughes, Senior Vice President of SpaceX, considers Vietnam a highly potential market for SpaceX's satellite Internet development plans. In April 2025, during a visit to the United States, Deputy Prime Minister Ho Duc Phoc officially handed over the pilot decision to the corporation.

VnEconomy-Bạch Dương

The two countries should expand their export-import sectors and leverage their respective advantages to strengthen investment cooperation in the future.

A seminar titled “Investment Opportunities in Argentina: The Incentive Regime for Large Investments (RIGI) and Strategic Sectors” was held in Hanoi by  the Embassy of the Argentine Republic in Vietnam on November 17.

Speaking at the event, Argentine Ambassador to Vietnam H.E. Marcos Antonio Bednarski emphasized that after more than 50 years since the establishment of bilateral relations in 1973, the partnership between Vietnam and Argentina has grown remarkably. Argentina was one of the first Latin American countries to establish diplomatic ties with Vietnam.

Notably, since the two countries elevated their relationship to a Comprehensive Partnership in 2010, bilateral cooperation has seen positive developments across almost all areas, according to the Argentine Ambassador.

In terms of trade, Ambassador Bednarski shared that the total bilateral trade volume reached more than $4.06 billion in 2024, up 16.4 per cent year-on-year. In the first nine months of 2025, the total bilateral trade volume reached over $3.28 billion, up 11.2 per cent year-on-year, reaffirming the steady growth momentum of the two-way trade.

Vietnam is currently Argentina’s sixth-largest trading partner. Argentina’s key exports to Vietnam include animal feed and feed ingredients (accounting for more than 90 per cent of Argentina’s exports to Vietnam), while Vietnam’s main exports to Argentina are phones, electronic devices, footwear, and textile products (accounting for over 60 per cent of  Vietnam’s exports to Argentina).

“Especially, in Southeast Asia, Vietnam is the main partner receiving technical assistance projects from the Argentine Republic through the Argentine Fund for International Cooperation (FO.AR), including ongoing projects on rice cultivation, high-yield soybean production, dairy processing, and tropical fruit cultivation,” Ambassador Bednarski noted.

Building on the positive foundation of cooperation, the Ambassador said that in the coming years, Vietnam and Argentina should make greater efforts to diversify their export–import structures while actively promoting market access for new potential products. This will be an important direction to help businesses from both sides better leverage their comparative advantages.

Regarding the prospects for trade and investment cooperation, Ambassador Bednarski stated that Argentina will continue promoting trade facilitation and expanding collaboration in existing flagship projects such as rice cultivation, increasing soybean productivity, and developing the dairy industry.

In addition, the energy sector is emerging as a highly promising area for cooperation between the two nations. “Argentina is a country with abundant energy resources, making this a priority and promising field for the two countries to strengthen strategic cooperation in the coming time,” Ambassador Bednarski stressed.

Along with that, Vietnamese enterprises have significant opportunities to invest in Argentina in the coming period. One of the Argentine Government’s current priorities is the implementation of the Incentive Regime for Large Investments (RIGI), which aims to provide a transparent and stable legal framework for strategic, capital-intensive projects with long-term investment horizons. The mechanism is designed to attract large-scale projects, generate employment, promote regional economic development, and boost exports.

According to the Ambassador, priority sectors under RIGI include mining, energy, oil and gas, infrastructure, tourism, technology, forestry, and steel. These are also areas where Vietnamese businesses can strongly expand their investment in the Argentine market in the years ahead.

-Phuong Hoa

The sector is particularly vulnerable because reception staff and booking departments often lack formal cybersecurity training, making them easily deceived by nearly identical fake booking emails.

Malicious actors are impersonating popular booking platforms such as Booking.com, Expedia, etc., sending emails with subjects like "Booking Confirmation," "Customer Complaint," "Payment Update," "Booking Cancellation," etc.

These emails are designed to look legitimate and contain links or Excel files disguised as invoices/booking information that carry viruses, Vietnam's cybersecurity company Bkav warned in a newly-released statement.

It's difficult to distinguish between real and fake emails, making users susceptible to losing vigilance. Clicking a link or opening an attachment will activate the malicious code. From there, hackers can take control of devices, steal customer data leading to personal information leakage, or install additional spyware to deeply penetrate the system.

"A global cyberattack campaign named ClickFix is targeting Vietnam, specifically hotels, homestays, resorts, and accommodation facilities," Bkav warned.

According to a research by Bkav experts, the ClickFix attack campaign utilizes PureRAT, a form of Remote Access Trojan (RAT) designed to monitor user activity, steal passwords, expand the scope of internal attacks, and remain undetected for extended periods.

More worryingly, ClickFix shows signs of operating under an "Attack-as-a-Service" model, meaning hackers can purchase ready-made tools and launch attacks without requiring sophisticated technical skills.

Vietnam has tens of thousands of accommodation facilities listed on popular booking platforms like Booking.com, Agoda, Traveloka, Airbnb, etc. This group is particularly vulnerable because reception staff and booking departments often lack formal cybersecurity training, making them easily deceived by nearly identical fake booking emails.

Vneconomy-Nam Anh

The Thang Long Thanh Hoa Industrial Park covering 167ha with investment capital in first phase estimated at $115.8 million.

Representatives from Japan’s Sumitomo Group held a working session with authorities of Vietnam's central Thanh Hoa province on November 17 to accelerate the first phase of the Thang Long Thanh Hoa Industrial Park (IP) project, which had been approved by the province in April this year.

The first phase, with a total investment capital of $115.8 million, covers 167 hectares. 

The project is expected to become a model industrial park, targeting investors in high technology and supporting industries.

According to Mr. Yohei Kurisu, the project has completed several key legal procedures and is being rapidly advanced in line with the approved schedule.

The Chairman of the Provincial People’s Committee affirmed that the province will direct relevant departments and agencies to form specialized working groups, work closely with the investor, and proactively resolve any difficulties or obstacles that may arise during project implementation.

VnEconomy-Thiên Anh

The upgraded Vietnam–Germany Energy Partnership expected to support energy transition, emissions reduction, energy-security enhancement and expanded business-to-business cooperation.

Vietnam and Germany upgraded their cooperation framework to the Vietnam–Germany Energy Partnership during the third meeting of their Joint Committee on Economic and Trade Cooperation in Hanoi on November 17.

The move is expected to support energy transition, emissions reduction towards net-zero targets, energy-security enhancement and expanded business-to-business cooperation.

The meeting was co-chaired by Vietnam’s Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan and Parliamentary State Secretary at the German Ministry for Economic Affairs and Energy Stefan Rouenhoff, aiming to review cooperation, remove obstacles and identify priority areas for future endeavours.

The two sides agreed to implement the 2025–26 action plan, maintain the annual high-level steering committee, establish a technical working group and strengthen training, research and enterprise networking. 

Vietnam and Germany are committed to expanding collaboration in automotive production and attracting investment in supporting industries, including textiles, footwear, electronics and high-tech components. 

Both sides agreed to boost technology transfer, innovation and digital transformation in industry, and enhance workforce training, particularly in green skills, digital capabilities and Industry 4.0 management.

They pledged to improve information sharing, maintain stable trade flows, ensure supply-chain continuity and maximize the benefits of the EU–Vietnam Free Trade Agreement (EVFTA).

The two-way trade turnover between the two countries reached over $11.1 billion in the first ten months of 2025, a year-on-year increase of 15.1%.

VnEconomy-Song Hà

Current house number data is primarily stored manually at district-level urban management offices and ward/commune offices. This leads to data fragmentation and a lack of synchronization with land data.

The Department of Construction of Ho Chi Minh City has recently submitted a document to the City People's Committee, emphasizing the necessity of reviewing and standardizing house number data, linking it with land data, land parcel coordinates, street names, and postal codes.

According to the department, current house number data is primarily stored manually at district-level urban management offices and ward/commune offices. This leads to data fragmentation and a lack of synchronization with land data.

The main reason for this lack of synchronization is the absence of a shared software system for the 168 wards, communes, and special zones. Some localities face additional difficulties after mergers due to duplicate street names, and the land use rights certificate issuance system only records new house numbers without updating old ones. This creates significant data gaps, forcing wards and communes to re-examine data from scratch to clean up information.

To address this issue, the department proposed a specific two-phase roadmap.

Phase one, extending until November 30 focuses on reviewing and cleaning up house number data.

Phase two, concluding by December 31 aims to complete the synchronized data between house numbers, land parcels, street names, and postal codes.

The Ho Chi Minh Police and the Department of Agriculture and Environment have completed over 80% of the land data after reorganization, but significant challenges remain in updating and synchronizing house number data.

The Department of Construction, in collaboration with the Ho Chi Minh City Digital Transformation Center, is currently surveying and proposing a plan to develop shared software, expected to be completed by the end of 2025.

Vneconomy-Minh Hà

The country exporting 1.3 million tons of coffee in the first ten months of the year, earning $7.41 billion.

Vietnam’s coffee export revenue is likely to surpass $8 billion in 2025, far earlier than the original target of 2030, according to the Vietnam Coffee – Cocoa Association (Vicofa).

The association was quoted by the Vietnam News Agency as saying that the projection is grounded in three key factors: improved product quality, a rising proportion of deeply processed products, and market expansion based on long-term strategic planning.

Vietnam exported 1.3 million tons of coffee in the first ten months of the year, earning $7.41 billion, up 61.8% year-on-year and marking the highest annual value increase to date, figures from the Ministry of Agriculture and Environment show.

The average export price reached $5,653 per ton, a 42.5% surge from the same period last year. Several markets posted outstanding growth, particularly Mexico, where export value jumped by 34.7 times.

VNA-Khánh Vân