It is also a crucial hub for tracing the origin of exploited aquatic products, meeting requirements for combating IUU (Illegal, Unreported, and Unregulated) fishing.

The Da Nang People's Committee has officially inaugurated the upgraded and expanded Tho Quang Fishing Port (Phase 2), meeting the criteria for a Type 1 fishing port – a key driving port for the largest fisheries center in Central Vietnam.

The project, with a total investment of VND250 billion ($9.5 million), also combines a regional-level storm shelter area, ensuring safe mooring and synchronized fisheries logistics services.

The project's investment scope includes upgrading and renovating piers 1 and 3, connecting them with pier 2 (completed in Phase 1); renovating the seafood trading area, drainage and water supply systems, waste treatment, waterproofing, and market floor; repairing the breakwater embankment, internal roads; and completing auxiliary infrastructure, greenery, lighting, fences, public restrooms, and fire fighting systems.

Speaking at the inauguration on November 13, Vice Chairman of the Da Nang People's Committee Tran Nam Hung said that the Tho Quang Fishing Port upgrade and expansion project is a national key project in the fisheries sector, receiving attention and investment support from the Ministry of Agriculture and Environment.

Tho Quang Fishing Port is currently the largest fisheries center in Central Vietnam, serving as a safe haven for hundreds of thousands of fishing vessels seeking mooring and storm shelter each year, contributing to ensuring the safety of lives and property for fishermen.

It is also a crucial hub for tracing the origin of exploited aquatic products, meeting the requirements for combating IUU (Illegal, Unreported, and Unregulated) fishing, which Vietnam is striving to overcome to have the "yellow card" lifted by the European Commission.

Vneconomy-Ngô Anh Văn

During three days of negotiations in Washington DC, the Vietnamese and U.S. negotiating delegations made great progress on many issues...

The fifth round of direct negotiations for a Reciprocal Trade Agreement  between Vietnam and the United States  took place in Washington D.C., from November 12 to 14.

The Vietnamese delegation was led by Minister of Industry and Trade Nguyen Hong Dien. The U.S. side was represented by the Office of the United States Trade Representative (USTR).

Both delegations concluded that the technical negotiation round yielded very positive results, narrowing many gaps and facilitating the early completion of a balanced and fair Reciprocal Trade Agreement framework between the two countries.

Over the three days, technical teams from Vietnam and the U.S. engaged in in-depth discussions across all areas of the draft agreement. Notably, significant progress was made in services, digital trade, agriculture, and the handling of technical barriers to trade (TBT), leading to marked improvements in sanitary and phytosanitary standards (SPS) and narrowing the gaps in remaining issues.

The U.S. side acknowledged that these advancements were due to the goodwill and flexible, substantive approach of the Vietnamese delegation. 

At the conclusion of the talks,  the two sides agreed to continue holding multiple online meetings in the coming days, prioritizing unresolved issues and preparing for an online ministerial-level negotiation between Minister Dien and U.S. Trade Representative Jamieson Greer, expected to take place later in November.

This meeting is planned to be crucial for reviewing progress, resolving policy-related issues, and setting directions, thereby facilitating the finalization of subsequent chapters in the upcoming negotiation rounds.

The Vietnamese delegation reaffirmed its commitment to maintaining a proactive, transparent, and constructive negotiation approach, aiming to achieve a balanced and fair reciprocal trade framework that aligns with the comprehensive strategic partnership between Vietnam and the U.S..

Vneconomy-Nguyệt Hà

Most logistics businesses are small and medium-sized, with limited capacity to provide integrated services along the value chain or in large quantities.

The Mekong Delta city of Can Tho  organized its annual Economic Forum 2025 on November 14 with the theme "Can Tho City towards a modern logistics center, a driving force for the development of the Mekong Delta region", according to a report from the Government News.

The forum gathered experts, scientists, and businesses in the fields of investment, digital economy, finance, and logistics to identify  solutions for addressing "bottlenecks" in infrastructure, services, and institutions, in order to enhance Can Tho's competitiveness and strengthen regional connectivity.

Vice Chairman of the Can Tho People's Committee Nguyen Van Khoi stated that the Politburo's Resolution No. 59 clearly identifies Can Tho as a center for services, trade, tourism, logistics, and processing industries, playing a driving role in promoting development for the entire region. The Mekong Delta regional master plan for the period 2021-2030 with a vision to 2050, approved by the Prime Minister's Decision No. 287, further affirms Can Tho as a key dynamic region and a multimodal logistics gateway connecting the vital economic axis with Ho Chi Minh City and other localities in the region.

However, in recent times, the goal of becoming a comprehensive hub with primary functions in trade, logistics, deep processing industry, and the application of high technology to increase the value of agricultural products in Can Tho City has still faced many difficulties and challenges.

Specifically, infrastructure development is not synchronous; the road, waterway, port systems, and digital technology infrastructure are still underdeveloped to meet the needs of large investors. Logistics services, especially agricultural logistics, have many limitations in the stages of receiving, processing, preserving, packaging, warehousing, transportation, and customs clearance.

Most logistics businesses are small and medium-sized, with limited capacity to provide integrated services along the value chain or in large quantities. Besides positive policies that create development momentum, there are still policies that are not suitable for the new situation and the economic changes of the city,  after its merger with the former provinces of Hau Giang and Soc Trang.

From the current situation, Mr. Le Thanh Hoa, Acting Director of the Can Tho Institute for Socio-Economic Research, on behalf of the forum's Organizing Committee, highlighted the five key issue groups including logistics infrastructure, logistics services, logistics service businesses, market development for logistics services, and mechanisms and policies in the coming time for discussing at the forum.

VGP-Pham Long

An Giang province tasked with implementing 21 infrastructure projects in Phu Quoc special zone in service of the APEC Economic Leaders' Week 2027.

Prime Minister Pham Minh Chinh has requested relevant ministries, agencies, and the Mekong Delta's An Giang Province to accelerate the implementation of infrastructure projects in preparation for the APEC Economic Leaders' Week 2027 to be held on the province's Phu Quoc island.

He made the direction while chairing a meeting held in Hanoi on November 14 to review the implementation of these projects. 

For hosting the APEC 2027, An Giang province was tasked with implementing 21 infrastructure projects in the Phu Quoc special zone, with a total estimated investment of VND137 trillion ($5.2 billion), including 10 public-funded projects worth over VND20 trillion and 11 projects under the public-private partnership (PPP) model totaling over VND116 trillion.

These include transportation connectivity systems, airport facilities, maritime passenger ports, underground and digital infrastructure for electricity and telecommunications, freshwater reservoirs, waste treatment systems, urban beautification, conference centers, resettlement areas, and mixed-use urban areas.

To date, An Giang province has selected investors for seven PPP projects and approved and selected contractors for eight public-funded investment projects. The province is committed to completing all infrastructure projects for APEC 2027 on schedule.

The Prime Minister urged closer coordination among ministries, sectors, and An Giang province to ensure all infrastructure components for the APEC 2027 Conference are completed on time, with quality and international standards.

VnEconomy-Tuấn Khang

Total investment capital estimated at over VND400 trillion ($15.38 billion).

Prime Minister Pham Minh Chinh asked Hanoi authorities to prepare to start construction of the Red River Landscape Boulevard and an Olympic sports urban area projects on December 19 as scheduled, while chairing a meeting held on November 15 to review the projects.

These are two key projects aimed at transforming the capital’s urban landscape. The Red River Landscape Boulevard, designated as one of five strategic axes in the Capital Region Master Plan, is planned to span roughly 11,000ha and stretch more than 40km along the Red River through 16 communes and wards inside Belt Road No. 4. 

Total investment capital is estimated at over VND400 trillion ($15.38 billion).

The planned boulevard will help ease traffic congestion, curb pollution, improve flood control, improve urban aesthetics, and ensure seamless connectivity across all Red River bridges upon completion.

Hanoi targets to commence construction of the project on December 19 with completion slated for 2030.

Regarding the Olympic sports urban area, Hanoi approved planning tasks for subzones C and D, covering a combined 8,200ha. Both will include sports facilities, housing, mixed-use developments, public services, schools, green spaces, technical infrastructure; and land for heritage and religious sites, defence-security, and agricultural production.

VnEconomy-Lý Hà

Total investment capital increasing to over VND16.2 trillion ($619 million).

The People’s Council of Hanoi on November 13 approved the adjustment of the investment policy of the Tran Hung Dao Bridge project.

Under the adjusted plan, total investment capital for the project will increase to over VND16.2 trillion ($619 million) from the initial plan of VND15.96 trillion.

The bridge project spans 4.18 km with a width of 40 m. The bridge will begin at the intersection of Tran Hung Dao, Tran Thanh Tong and Le Thanh Tong streets in Cua Nam and Hai Ba Trung wards and end at Nguyen Son Street in Long Bien and Bo De wards.

The main span crossing the Red River will stretch 870 m with six spans and a total width of 43 m, featuring six lanes for motor vehicles, two bicycle lanes, and two pedestrian lanes. Approach roads on both sides will extend 1.4 km, ranging from 25.5 to 30 m in width.

Scheduled for completion in 2027, the bridge is expected to significantly reduce traffic pressure in the city center and improve access to the eastern areas of Hanoi.

VnEconomy-Gia Huy

The central city aims to build a synchronous, modern, deeply integrated science and technology market.

Under Decision No. 2358/QD-UBND,  dated November 13, 2025, of central Da Nẵng city People's Committee,  a program for development of the city's science and technology  market until 2030 has been approved.

The program was based on Prime Ministerial Decision No. 1158/QD-TTg dated July 13, 2021, on the national science and technology market development program until 2030. 

The program aims to develop a synchronized, modern, and efficient science and technology market, deeply integrating and contributing to the promotion of technology transfer, intellectual property transactions, and enhancing the technological absorption and innovation capacity of local enterprises.

This, in turn, is expected to improve productivity, quality, and competitiveness of the local economy.

The program also focuses on digitizing scientific research results and intellectual property with commercial potential, gradually forming a data ecosystem serving the science and technology market.

The city plans to establish and develop three intermediary organizations within the science and technology market and integrate them into the national network.

The program will support the commercialization of research results, scientific and technological products, and intellectual property from research institutes, universities, and science and technology organizations in the city through selection, training, promotion, and transfer activities.

To achieve these objectives, the program outlines seven major content groups and solutions, including promoting demand of the science and technology market, enhancing the technological absorption, mastery, and innovation capacity of local enterprises; developing the supply  from the science and technology market; developing intermediary organizations within the science and technology market; strengthening market promotion activities; enhancing training, human resource development, communication, and international integration in the science and technology market; developing infrastructure and facilities for the development of the science and technology market; and completing policies for further development of the market.

Vneconomy -Ngô Anh Văn

The project comprises two turbines with a total capacity of 480 MW.

The second turbine of the Hoa Binh Hydropower Plant expansion project in northern Phu Tho province was officially connected to the national grid on November 14.

Earlier, its first turbine was successfully installed and connected to the national grid on August 19. 

The project comprises two turbines with a total capacity of 480 MW and an average annual output of 490 million kWh.

The key project was approved by the then Prime Minister in 2018 with the investor being the Vietnam Electricity (EVN) with total investment capital of over VND9.22 trillion ($350 million).

The entire project is expected for completed by the end of the year.

Once completed, the expansion will increase peak load capacity, improve frequency regulation and system stability, reduce the operational intensity of existing units, thereby extending equipment lifespan and lowering maintenance costs, and contributing to a more secure, stable, and economically efficient national power grid.

VnEconomy-Huyền Vy

The finalized draft specifies that the timing for determining corporate income tax revenue for exported goods is the day of ownership transfer according to the export contract.

The Ministry of Finance (MoF) has recently released a comprehensive report summarizing, explaining, and incorporating feedback from various agencies, organizations, and individuals regarding the draft Circular guiding certain provisions of the Corporate Income Tax Law and the Decree detailing the implementation of the Corporate Income Tax Law.

One of the key topics that garnered significant attention is the regulation concerning the timing for determining taxable revenue for exported goods, as outlined in Article 6 of the draft.

However, this regulation has immediately received numerous responses regarding its clarity and applicability.

The Government Inspectorate of Vietnam (GIV) concerned that linking the timing to the transfer of ownership according to Incoterms is not entirely convincing.

Therefore, the GIV has suggested that the MoF clarify the application according to specific delivery conditions to avoid different interpretations in practice.

Similarly, the Department of Finance of Phu Tho province also proposed amending the aforementioned regulation. 

The Tax Department of Thai Nguyen province has assessed that the draft Circular is not yet aligned with Clause 1, Article 15 of the Government's Decree No. 181/2025/ND-CP dated July 1, 2025, which details certain provisions of the Value-Added Tax Law.

The department recommended that the MoF adjust the draft to align with the law on value-added tax to ensure more consistent and transparent tax obligations for businesses.

Similarly, the tax departments of Quang Ngai and Hanoi suggested adjusting the regulation to align with the law on value-added tax. According to these two entities, the timing for recognizing taxable revenue for exported goods should be linked to the day the goods complete customs clearance procedures.

Based on the analyses and feedback mentioned above, the MoF has adjusted the draft to be more harmonious and easier to apply.

The finalized draft specifies that the timing for determining corporate income tax revenue for exported goods is the day of ownership transfer according to the export contract.

In cases where the export contract does not specify the timing of ownership transfer, the timing for determining corporate income tax revenue is self-determined by the seller but must not exceed the next working day after the goods are cleared through customs according to customs law.

Vneconomy-Hoàng Sơn

As Vietnam seeks sustainable growth, Prudential highlights how long-term capital and a stronger insurance sector can reinforce national economic resilience.

“What Vietnam needs today is not just growth, but an economy that is transparent, well-governed, and capable of attracting long-term capital,” said Mr. Kevin Kwon, CEO of Prudential Vietnam, at the Vietnam Future Economy Summit organized by Bloomberg Businessweek. His remark highlighted a rising driver of Vietnam’s development: long-term capital and the increasingly vital role of the insurance industry.

Insurance – the ‘silent investor’ of the economy

Vietnam is entering a pivotal phase of expansion, with positive signals across multiple indicators. In the third quarter of 2025, GDP is estimated to have grown by 8.23 per cent, while foreign direct investment reached its highest level in five years. Yet sustaining long-term growth will require reinforcing economic resilience and broadening stable capital flows, particularly amid persistent global uncertainty. Within this context, insurance has emerged as a form of “soft infrastructure,” connecting finance, social security, and development.

Long viewed as a safety net for individuals and businesses, the insurance sector has increasingly become a major source of long-term capital for the wider economy.

Mr. Kevin Kwon speaking at the Vietnam Future Economy Summit – Bloomberg Businessweek Vietnam 2025.

“As one of the big institutional investors in Vietnam, we are not merely reinvesting capital but also acting as a catalyst for sustainable growth. In the first quarter of 2025, the insurance sector reinvested VND860 trillion into the economy, with Prudential contributing nearly VND183 trillion. Our objective is not only to pursue growth but to help build a more transparent, better-governed economy that attracts long-term capital for Vietnam’s future,” Mr. Kwon said at the summit on November 14.

According to him, this capital extends far beyond finance, flowing into infrastructure, healthcare, green energy, education, and other priority sectors aligned with the government’s Socio-Economic Development Strategy 2021–2030, which aims for a green, circular, and balanced economy that harmonizes economic growth with social progress.

With its stability and long-term nature, insurance capital strengthens the financial system, mitigates cyclical risks, and supports sustainable growth - critical pillars for Vietnam’s long-term development goals.

Prudential is one of the major investors contributing to Vietnam’s sustainable growth.

The untapped potential of Vietnam’s insurance sector

According to “Beyond Coverage – The Social and Economic Impact of Insurance in ASEAN,” a study released by Prudential in September 2025, Vietnam’s insurance penetration currently stands at about 3 per cent of GDP, well below the global average of 6.7 per cent. This gap signals significant room for expansion.

The report estimates that a 50 per cent increase in insurance coverage could raise GDP per capita by 4.1 per cent, while a threefold increase could lift GDP by 17.4 per cent. These figures underscore the insurance sector’s role in sustainable development: supporting household resilience while channeling long-term capital into the economy. Meanwhile, recent policy reforms are beginning to strengthen the institutional framework needed for this transition.

In May 2025, Resolution No. 68-NQ/TW on private sector development formally recognized private capital as “the most important driver of the economy,” creating new opportunities for financial institutions, including insurers, to take on a deeper role in national development.

As Vietnam and the UK upgrade their relationship to a Comprehensive Strategic Partnership, both sides have reaffirmed their commitment to expanding cooperation, particularly in finance.

At the Vietnam Future Economy Summit, Mr. Kwon outlined Prudential’s long-term vision: “Prudential is returning to its core values: rebuilding trust and strengthening the foundation for the future. I believe that when businesses do the right thing, they will attract stable capital and create inclusive growth. With the long-term perspective of the life insurance industry, we align with Vietnam’s national priorities and are ready to contribute to strategic projects such as the International Financial Centers in Ho Chi Minh City and Da Nang. Vietnam’s prosperity is also our success.”

For more than 26 years, Prudential has been not only a pioneer in life insurance but also one of Vietnam’s most important long-term investors. Through future-oriented investment, financial literacy initiatives, and efforts to build public trust, Prudential continues to support the sustainable development goals pursued by the Vietnamese government.

-

The forum expected to draw 500 participants from innovation centres, international organisations, universities, research institutes, and multinational corporations.

The Autumn Economic Forum 2025 will take place from November 25–27 in Ho Chi Minh City under the theme “Green Transition in the Digital Era,” the organising board announced at a press conference on November 14.

Prime Minister Pham Minh Chinh is expected to attend, along with leaders from central ministries, HCM City authorities and other localities, representatives of partner countries, as well as delegates from the business community and academia.

More than 500 participants from innovation centres, international organisations, universities, research institutes, and multinational corporations are anticipated at the event.

The forum aims to provide a high-level platform for policy dialogue on strategies and initiatives related to public–private cooperation, green and digital transformation, and the development of a smart, sustainable economy.

The event will be co-organised by the HCM City Centre for the Fourth Industrial Revolution (HCMC C4IR), relevant municipal departments, central ministries and agencies, and the World Economic Forum (WEF).

VnEconomy-Vân Nguyễn

The Ministry of Finance has completed a draft circular providing detailed guidance on certain provisions of the Corporate Income Tax Law.

The Ministry of Finance has proposed a tax rate of 20% for income from compensation of foreign contractors.

This is part of a draft circular which has been completed by the Ministry of Finance which provides detailed guidance on  certain provisions of the Corporate Income Tax Law and the Decree detailing the implementation of the Law.

Under the draft, there will be two options for foreign contractors who have  to pay tax for revenue from a compensation.ỉ The first is to declare and pay corporate income tax based on the tax rate calculated on revenue.  The second is to declare revenue and expenses with a tax rate of 20%.

The draft also clarifies the method of tax declaration, the determination of taxable revenue, and the application for EPC contracts with subcontractors.

VnEconomy-Mai Nhi

The new bridge will have a width of 19.75 m and accommodate 4 lanes, similar to the Binh Goi Bridge currently under construction.

The Ho Chi Minh City People's Committee has approved a proposal from the local Department of Construction for supplementary investment in a Sai Gon River crossing (closely parallel to Binh Goi Bridge, which is currently under construction) as part of Component Project 5 of the Ring Road 3 project through Binh Duong (including Tan Van interchange and Binh Goi Bridge).

According to the proposal, the new bridge will have a width of 19.75 m and accommodate 4 lanes, similar to the Binh Goi Bridge.

As designed, the Binh Goi Bridge is over 1 km long with a designed speed of 100 km/h, meeting expressway standards. Construction of the bridge commenced in October 2023.

Upon completion, each bridge will operate with one-way traffic. 

The City People's Committee stated that the supplementary investment in the Saigon River crossing must be consistent with the investment scale already approved in principle, ensure compliance with approved master plans, maximize investment efficiency, ensure synchronicity when the project goes into operation, and not exceed the total investment level of the component project already approved in principle.

Vneconomy-Thanh Thủy

Vietnam’s economy maintained overall stability in the first ten months despite global headwinds continuing to make their presence felt.

Amid a volatile global context of persistently high interest rates, lingering geopolitical tensions, rising trade protectionism, and weakened consumer demand in major economies, Vietnam maintained stability in its economy in the first ten months of 2025; a notable achievement and important platform for medium-term growth while also providing a foundation of confidence for the business community and investors.

Sound performance

Inflation was kept under 3.27 per cent in the period, the exchange rate was managed flexibly, and foreign exchange reserves continued to be strengthened as trade was in surplus to the tune of $19.56 billion. Monetary policy was proactively and flexibly implemented, helping stabilize financial markets and supporting business recovery.

Total State budget revenue reached VND2,145 trillion ($82.5 billion), exceeding the full-year estimate by 9.1 per cent and up 28.5 per cent against the same period last year. Public investment disbursement was estimated at 63.1 per cent of the plan, up 27.8 per cent year-on-year and the highest level in many years, creating a positive spillover effect on aggregate demand and employment.

The industrial sector, particularly export-oriented manufacturing, continued to be the main driver of growth. The Index of Industrial Production (IIP) is estimated to have risen by 9.2 per cent compared to the same period of 2024, when it rose 8.3 per cent year-on-year, with the manufacturing and processing sector increasing 10.5 per cent, or one percentage point higher than last year. Electronics, computers, optical equipment, and textiles all posted significant growth.

The Purchasing Managers’ Index (PMI) for October stood at 54.5 points, the highest since July 2024 and up sharply from September’s 50.4 points, reflecting strong improvements in the manufacturing and processing sector. Business confidence, meanwhile, hit a 16-month high.

Exports reached $391 billion in the first ten months, up 16.2 per cent year-on-year. Of note, the electronics, computers, and components group rose 47.9 per cent, while machinery, equipment, tools, and other parts grew 12.2 per cent. High-tech products and precision mechanical products saw strong growth, reflecting global supply chain shifts towards Vietnam. FDI enterprises accounted for 75.9 per cent of export turnover, maintaining their role as the “anchor” of the manufacturing and processing sector.

Domestic consumption saw a solid recovery in the period. Total retail sales of goods and consumer services increased 9.2 per cent, and excluding price factors was 7 per cent, or 2.2 percentage points higher than in the same period last year, indicating that consumer confidence is returning after a long period of restrained spending. The tourism market rebounded strongly, with nearly 17.2 million international visitors coming to Vietnam, up 21.5 per cent.

Both business and consumer confidence indicators improved. According to the latest survey, 40.8 per cent of businesses expect better production and business results in the fourth quarter of this year, up 7.2 percentage points from 33.6 per cent expecting likewise in the third quarter, supported by a favorable interest rate environment and rising domestic demand.

Uneven recovery

Behind encouraging growth indicators, however, the economic picture in the first ten months of the year still exhibited some darker tones, with recovery momentum lacking broad spillover across sectors. Credit growth was 15.09 per cent compared to the end of 2024 and 20.66 per cent year-on-year, but was mainly concentrated in trade, services, and real estate, while manufacturing and processing, support industries, and innovation faced a shortage of medium and long-term capital.

Domestic enterprises still have poor capital absorption capacity. Many small and medium-sized enterprises continued to struggle to access credit due to collateral requirements, borrowing costs, and the fact that market demand is still to fully recover. Though the number of newly-established enterprises increased 19.7 per cent, 105,400 businesses exited the market, revealing that the private sector still faces many difficulties and the business environment has yet to improve completely.

The real estate market, meanwhile, despite signs of warming up in some segments, still suffers from low liquidity, high inventories, and potential non-performing loans, posing risks to the financial system. Many unfinished projects remain stalled due to unresolved legal issues.

Export growth still relies heavily on FDI enterprises, while domestic private businesses are not yet strong enough to become a critical pillar of the economy.

The biggest highlight in Vietnam’s economy in the first ten months of 2025 was its ability to maintain stability amid uncertainty, preserving major macro-economic balances and keeping inflation under control. However, stability is only a condition; to achieve growth, as institutional breakthroughs and market confidence are essential. Therefore, the 2026-2030 period must be a time of decisive institutional reform, with a spirit of change for development.

From stability to reform

Vietnam’s economy demonstrated resilience in the first ten months amid a volatile environment, but significant challenges lie ahead. This is a time for the country to shift from cautious management to proactive creation, firmly adopting the principle of “Stability for resilience, Reform for growth”, daring to innovate, delegate, and trust the market. Only then can the economy move beyond passive stability towards dynamic, creative, and sustainable growth, in line with the vision of a self-reliant, deeply integrated, and prosperous Vietnam by mid-century.

While macro-economic stability is the foundation, sustainable growth requires new drivers to push the economy beyond its existing inertia. While recovery momentum is appearing, it remains fragile as many resources are still underutilized. This is a time for stronger, more substantive, and more open policy action to generate new impulses for businesses, markets, and citizens to grow together.

First, it is crucial to maintain macro-economic stability while fostering investment confidence. Monetary policy should keep interest rates at reasonable levels and manage the exchange rate flexibly, while sending clear policy signals to strengthen market expectations, especially for the private sector.

Second, economic institutional reform must continue, focusing on cutting business conditions, genuinely decentralizing to local authorities, and protecting property rights and business freedoms. This is essential for creating a competitive, transparent, and attractive investment environment.

Third, developing domestic capital markets is a priority. Reducing reliance on bank credit and expanding capital-raising channels through bonds, investment funds, and green financial instruments will be key. Vietnam should soon establish a legal framework for “sustainable finance” linked to green development and energy transition goals.

Fourth, promoting internal productivity and innovation-driven growth is equally important. The State should prioritize policies that encourage technology investment, support digital transformation, develop high-quality human resources, and enhance domestic value added in exports.

Fifth, a strategic triangle for development should be established, connecting the green economy, the digital economy, and the knowledge economy as three pillars creating a mutually-reinforcing growth engine. The green economy provides the foundation for sustainable growth, balancing development and environmental protection and aiming for net-zero emissions. The digital economy opens space for higher productivity, innovative business models, smart governance, and e-commerce, enabling Vietnamese enterprises to integrate more deeply into global value chains. And the knowledge economy acts as the “capstone” of the triangle, centering on human capital, creativity, and knowledge, where science, education, technology, and innovation converge.

When these three pillars are connected and synchronized, they create a framework for sustainable and self-reliant development for Vietnam, allowing adaptation to global transitions while creating long-term competitive advantages. The key is to design institutions, policies, and resources so that each pillar can maximize its role, forming a new identity for Vietnam’s economy in the new era.

(*) Dr. Nguyen Bich Lam is the former General Director of the General Statistics Office (now the National Statistics Office under the Ministry of Finance)

-Dr. Nguyen Bich Lam (*)

As of November 7, Typhoon No. 13 caused severe damage across several provinces in the Central and Central Highlands regions, particularly in Gia Lai and Dak Lak provinces.

New Zealand Embassy in Vietnam announced that the Government of New Zealand is providing NZD1 million (over $568,300) in humanitarian assistance to help communities in Vietnam recover from recent natural disasters, including severe typhoons and floods that caused widespread damage and displacement.

This funding will enable New Zealand’s non-governmental organizations (NGOs) to work with their Vietnamese counterparts through the New Zealand Disaster Response Partnership to deliver assistance in line with the Vietnam's Joint Response Plan for Multiple Typhoons and Floods.

“Our hearts go out to the families and communities affected by these disasters. As a comprehensive strategic partner of Vietnam, New Zealand stands in solidarity with the Vietnamese government and people during this challenging time,” New Zealand Ambassador to Vietnam Caroline Beresford said. “We hope our support will swiftly reach those in need, contributing to emergency efforts and helping affected communities rebuild their lives”.

According to Vietnam Disaster and Dyke Management Authority, as of November 7, Typhoon No. 13 caused severe damage across several provinces in the Central and Central Highlands regions, particularly in Gia Lai and Dak Lak provinces.

Thousands of houses were devastated by the storm: 244 were completely destroyed, and 17,562 houses were damaged or lost their roofs - including 12,447 cases reported in Gia Lai alone. In addition, 8,501 houses were flooded. Offshore, the losses were also substantial, with 21 vessels sunk and 44 others damaged, mostly in Gia Lai and Dak Lak, etc.

Vneconomy-Phuong Hoa

Ho Chi Minh City is entering a new phase in its green development strategy, as air pollution and traffic emissions have become direct challenges to public health...

The data indicates that for Ho Chi Minh City, emission control is no longer a direction but has become an urgent need.

Therefore, implementation of a vehicle emission control plan is underway in parallel with the city's green growth program, with the emissions measured, and certifyied, gradually eliminating old vehicles.

According to the plan, the City aims to reduce at least 10 per cent of total greenhouse gas emissions in the transportation sector by 2030; simultaneously, increase the proportion of vehicles using clean energy to over 50 per cent. A key step is establishing a low emission zone (LEZ). 

The City's Department of Construction also announced that from 2026, the City will begin restricting gasoline and diesel vehicles that do not meet emission standards in the central area and Can Gio commune, while establishing a mechanism to charge emission fees for old vehicles.

From 2027 to 2030, the city plans to expand the LEZ to the central area, conduct emission inspections for all motorcycles, and restrict cars below emission standard level 4 from running in the inner city. 

Simultaneously, the city is accelerating infrastructure transition. 

Along with vehicles, the metro line 1 system, BRT (bus rapid transit), public bicycles, and priority lanes for electric vehicles are also being integrated into planning.

To ensure the emission control plan and green transition are implemented successfully, the City will soon publicize the roadmap for converting to green transport, mobilize social resources for green infrastructure, and integrate transport planning with green urban development.

With strong actions, Ho Chi Minh City is shifting from a "damage reduction" approach to "creating green value," gradually building a smart, clean, and sustainable urban transportation system.

-Anh Khuê

The Vietnam Stock Exchange (VNX) has been tasked with researching and gradually applying new technologies to stock market operations. This implementation is scheduled to take place from 2026 to 2030 and will continue to be maintained thereafter.

The Ministry of Finance has recently issued a plan to implement Decision No. 2014/QĐ-TTg dated September 12, 2025, by the Prime Minister, approving the Proposal to Upgrade the Vietnamese Stock Market.

In particular, regarding the information technology system, in the short term, The Vietnam Stock Exchange (VNX) has been tasked with researching and gradually applying new technologies to stock market operations. This implementation is scheduled to take place from 2026 to 2030 and will continue to be maintained thereafter.

In addition, the VNX is also assigned to continue modernizing the trading system and the securities transaction payment system on the stock market, enhancing the capacity of the trading system to meet large transaction volumes. VNX will also research and gradually apply new technologies to stock market operations. Implementation period is in 2026 - 2030, continuing to maintain after this period.

The State Securities Commission of Vietnam (SSC) is tasked with developing a proposal to enhance its management and supervisory capabilities and implementing the Comprehensive Information Technology System Project to support the management and supervision of the SSC. This will be implemented from 2025 to 2027, with further upgrades and expansions planned beyond this period.

The SSC is asked to enhance market liquidity from 2026 to 2030 by implementing new order types and trading mechanisms in the stock market, particularly those that meet investors' needs, and developing a system of market makers in line with international practices. 

Vneconomy-Thu Minh

The province has been implementing many renewable energy projects, contributing to making Ca Mau one of the largest renewable energy centers in the region.

Ca Mau province is aiming to become a green growth hub for the Mekong Delta region by focusing on developing two key economic spearheads: renewable energy and clean, high-tech agriculture.

This orientation was built based on the locality's coastal geographical advantages, abundant labor resources and commitment to developing an environmentally friendly economy, while enhancing export value and product value chains.

The province has been implementing many renewable energy projects, contributing to making Ca Mau one of the largest renewable energy centers in the region.

To maximize potential, the province has focused on building a synchronized infrastructure system, from smart grids, substations to energy storage systems and export connections.

Investment in infrastructure, seaports, logistics, and climate change adaptation projects is considered crucial for the province to become a green growth pole in the new phase.

In addition to renewable energy, clean agriculture and high technology are also key sectors, helping Ca Mau enhance production value and regional branding. 

Along with energy and agriculture, infrastructure investment is a foundational factor determining success. Experts point out that developing transportation infrastructure, seaports, logistics, and a two-way irrigation system, combined with climate change adaptation projects and water security, will create conditions for the two economic spearheads to operate effectively while minimizing risks from natural disasters and saltwater intrusion.

Ca Mau's GRDP growth rate is currently over 7 per cent per year, ranking second in the Mekong Delta and higher than the regional average. 

The current renewable energy capacity includes 16 wind power projects totaling 870 MW and over 2,800 rooftop solar power systems with a total of 295 MWp, surpassing most provinces in the region. 

In agriculture, the area of super-intensive high-tech shrimp is expected to increase to 15,000 - 20,000 ha. The export turnover of seafood and clean rice is expected to increase by an average of 10 - 15 per cent per year.

This scenario is based on the assumption that energy, transportation, seaport, and logistics infrastructure will be improved synchronously, technology and human resources will be enhanced, and production will adapt to climate change and be environmentally friendly.

Conversely, risks from climate change impacts, saltwater intrusion, and international market fluctuations will require contingency measures and flexible policies to maintain growth momentum.

Vneconomy-Thiên Ân

The expansion project, part of the North-South expressway, has total investment capital of over VND6.46 trillion ($245 million).

The Ho Chi Minh Road Project Management Board has opened bidding for two major construction packages worth VND4.9 trillion ($186 million) for the expansion of the Cam Lo - La Son Expressway.

The expansion project, part of the North-South Expressway, has total investment capital of over VND6.46 trillion ($245 million).

The expansion aims to improve traffic capacity and safety on the Cam Lo - La Son Expressway, thereby maximizing the overall effectiveness of the North-South Expressway in the eastern region and driving socio-economic development.

The Cam Lo - La Son Expressway stretches 98.35 km, traversing Quang Tri province (approximately 37.3 km) and Hue city (about 61 km). It has been operational since late 2022 with a scale of two lanes, with some sections having four lanes.

Due to increased traffic volume, the expressway will be upgraded to four lanes.

Package XL1 involves the construction of the section from Km0 000 to Km37 300 in Quang Tri province with an estimated cost of VND1.395 trillion. The bidding for this package will close at 10am on November 26, 2025.

Package XL2, the largest package, is valued at VND3.486 trillion, involves the construction of the section from Km37 300 to Km102 200 in Hue city. The bidding for this package will close at 10am on November 29.

VnEconomy-Thiên Anh

Technical-level negotiations on a fair and balanced reciprocal trade agreement between Vietnam and the United States proceeded as scheduled from November 12 to 14 in Washington, D.C.

Technical-level negotiations on a fair and balanced reciprocal trade agreement between Vietnam and the United States proceeded as scheduled from November 12 to 14 in Washington, D.C. 

Following the ministerial-level negotiations on November 10, this marks the next step, showcasing the shared determination of both parties to soon finalize a new bilateral trade cooperation framework aimed at stability, balance, fairness, and sustainability.

According to Vietnam's Deputy Minister of Trade Nguyen Sinh Nhat Tan, the 8th ministerial-level negotiation session achieved significant results, paving a clearer path for resolving existing issues. Therefore, this technical round will play a role in "detailed consolidation" and help gradually advance the negotiations towards the final stage.

During the meeting, US Deputy Trade Representative Rick Switzer highly appreciated Vietnam's progress in trade policy reform, institutional improvement, and international integration efforts in recent times. He also acknowledged the positive cooperation spirit of the Vietnamese negotiation team in previous working rounds.

The US side believes that both parties have established a solid foundation through the Joint Statement on the Framework of the Reciprocal Trade Agreement, and this technical round is particularly important to clarify specific technical content, standardize approaches to priority areas, and narrow differences to aim for a balanced agreement for both sides.

Both parties agreed to continue close coordination, enhance exchanges between technical groups, closely follow the directives of senior leaders and ministers of the two countries, and aim to complete the negotiations as soon as possible.

Vietnam and the US are moving towards a new Reciprocal Trade Agreement, emphasizing principles of fair access, balanced benefits, promoting stable trade, and sustainable development.

In the context of the two countries' relations being upgraded to a Comprehensive Strategic Partnership, this Agreement is not only significant in trade but also a crucial pillar to strengthen policy trust, create a long-term framework to expand cooperation in supply chains, services, energy, investment, and new economic fields.

Therefore, the technical round from November 12 to 14 is considered one of the crucial stages to realize the political direction agreed upon by the two ministers, resolve the "difficult technical" part of the negotiations, and create substantial progress towards completing the Agreement.

Vneconomy-Nguyệt Hà