Vietnam News
Businesses strengthen commitment to sustainability, Schneider Electric report reveals
An increasing number of Vietnamese businesses are demonstrating interest in sustainable development, according to the recently released Schneider Electric Green IMPACT Gap Sustainability Report 2024.
The report surveyed 4,500 business leaders across nine countries, including 500 representatives from Vietnam. It aimed to gather insights from leaders in Asia regarding sustainability and environmental challenges. Participants, including mid-level and senior executives in the private sector, answered 30 questions about the impact of sustainable development on business operations.
The survey was conducted in Indonesia, Japan, South Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.
Mr. Dong Mai Lam, General Director of Schneider Electric Vietnam and Cambodia, observed that Vietnam is at a pivotal point in its journey toward realizing sustainable development commitments. Within just one year, the country has made significant progress, narrowing the Green IMPACT Gap from 52% in 2023 to 45% in 2024.
“This remarkable progress reflects not only the determination of the Vietnamese business community but also the leadership of 'Impact Makers'—visionaries who actively promote sustainable transformation,” said Mr. Lam.
However, he emphasized that achieving the Net Zero target by 2050 will require addressing challenges such as securing financial resources, leveraging advanced technologies, and adapting to new policies.
The survey revealed that 96% of Vietnamese businesses are now familiar with Decree No. 06/2022/ND-CP, which outlines regulations for reducing greenhouse gas emissions and protecting the ozone layer. Among these businesses, 54% cited a lack of technical expertise in measuring and reporting emissions as the biggest hurdle to full compliance. Additionally, 46% highlighted insufficient capital and resources as a key challenge.
-Song Hoàng
Binh Dinh attracts 62 investment projects worth over $9 bln
Authorities of south central Binh Dinh province granted investment policy decisions and certificates for 62 projects with total registered capital of over VND231 trillion (over $9 billion) at an investment promotion conference held on March 28, according to a report from the Vietnam News Agency.
The projects cover various fields, including high-tech industries, commercial services, tourism, urban economy, port services and logistics.
Of the total, 16 projects received investment policy approvals and investment certificates with registered capital of more than VND17 trillion ($659 million).
Meanwhile, memoranda of understanding on investment cooperation were presented to 42 projects, with domestic investment totaling over VND75 trillion ($2.91 billion) and foreign investment exceeding $1.1 billion.
-Vân Nguyễn
Dong Nai authorities meet with FDI firms to address difficulties
The People's Committee of the southern province of Dong Nai on March 28 held a meeting with foreign direct investment (FDI) enterprises operating in the locality to address difficulties they are facing, according to a report from the Vietnam News Agency.
The event saw the participation of representatives from over 300 FDI companies, foreign business associations and industrial infrastructure firms in the province.
Chairman of the People's Committee Vo Tan Duc said that the meeting provided an opportunity for local authorities to share information, and understand specific difficulties, thus better supporting businesses.
He said that in the coming time, Dong Nai will continue to speed up administrative reforms, improve workforce quality, and enhance infrastructure to create a favorable investment environment.
The province's strategy gives priority to attracting investments in modern technology, supporting industries, semiconductor, and environmentally friendly technologies, thus promoting sustainable industrial growth and enhancing competitiveness, he said.
To date, Dong Nai is home to over 1,700 valid FDI projects with total registered capital of nearly $36 billion from 46 countries and territories.
-Vân Nguyễn
Taiwanese group opens semiconductor innovation center in Hanoi
The Vietnam Semiconductor Innovation Centre (VSIC) and the FPT-AICHIP semiconductor startup incubation space debuted in Hanoi on March 28.
The facilities were established by Alchip Technologies – the No.1 semiconductor group in Taiwan, in collaboration with the National Innovation Centre (NIC), FPT Semiconductor and other partners.
The VSIC and FPT-AICHIP will provide a venue to support and connect Vietnamese startups in the semiconductor sector. It also serves as a platform for universities, research institutes, and businesses, both domestic and international, to work together in developing the future human resources required for the semiconductor industry.
The launch of the VSIC shows a key commitment from FPT Corporation, NIC, and their partners to establish a sustainable semiconductor ecosystem in Vietnam, positioning the country as an attractive destination in this strategic industry. The center will support resource gathering, high-quality human resource training, and startup development in the semiconductor sector. It is expected to help Vietnam integrate further into the global semiconductor value chain and become a regional hub for technology and innovation.
Addressing the event, Mr. Peter Teng, Vice President of Alchip Technologies Limited, said the event was not simply the opening of a new office but a gateway to unlocking potential, presenting an opportunity to connect with Vietnam’s excellent technical talent.
This was also an important step on the pathway to develop Vietnam into a global semiconductor center, he said.
-Anh Nhi
Vietnam needs "breakthrough" policies for mechanical support
To develop supporting industries strongly and sustainably, especially for the mechanical sector, Deputy Prime Minister Bùi Thanh Sơn emphasized the need for breakthroughs in mechanisms and policies to create the most favorable conditions for businesses to participate in the development of supporting industries.
Speaking at the recent conference titled "Developing Supporting Industries for the Mechanical Sector in Vietnam Associated with Domestic Automobile Production and Assembly, and the Development of the Vietnamese Railway System," he highlighted the importance of new solutions for tax incentives, land, credit, and attracting investment in the supporting industries.
“In particular, it is necessary to improve the capacity of supporting industry enterprises in all aspects, aiming to build strong national enterprises, and creating conditions for large domestic enterprises to participate in key national projects. Forming an ecosystem of businesses and a strong domestic supply chain... thereby developing the supporting industries.”
The Deputy PM also underlined the need for outstanding policies to develop high-quality human resources to meet the requirements of production and supply chains. Programs and projects on supporting industries must have specific products and create a positive ripple effect.
Minister of Industry and Trade Nguyen Hong Dien stated that “Vigorously developing supporting industries for the mechanical sector to serve the development of the automotive industry and the railway industry will be one of the very strategic development directions, contributing to realizing the country's development goals by 2030, with a vision to 2045, and realizing the goal of industrialization and modernization of the country.”
He acknowledged the limitations in the supporting industries in general, and particularly those in the mechanical engineering and manufacturing sector that serve automobile and railway production and assembly.
According to the minister, the localization rate in the automotive and railway industries remains low, and the industry has not yet fostered cooperation, linkages, and specialization between automobile production and assembly enterprises and components manufacturing.
-Vũ Khuê
Brazil recognizes Vietnam as market economy
Brazil has decided to recognize Vietnam as a market economy.
During his talks with Vietnamese President Luong Cuong in Hanoi on March 28, Brazilian President Lula da Silva informed that the Brazilian Government has decided to join the group of more than 70 countries that have recognized Vietnam as a market economy
President Lula is on a three-day State visit to Vietnam.
He emphasized that his visit aims to reaffirm Brazil’s commitment to strengthening its strategic partnership with Vietnam as part of its broader policy to enhance relations with ASEAN and the Asia-Pacific region.
President Cuong thanked the Brazilian government for recognizing Vietnam’s market economy status and its progress in economic innovation and international integration, saying the recognition helps strengthen bilateral ties and supports the goal of raising the two-way trade to $15 billion by 2030.
During the talks, the two presidents directed relevant agencies to strengthen measures facilitating bilateral trade and investment, while discussing the potential initiation of negotiations for a preferential trade agreement between Vietnam and the Southern Common Market (MERCOSUR).
Brazil consistently maintains its position as Vietnam's largest trading partner in Latin America, while Vietnam remains a leading trading partner of Brazil in ASEAN.
-Tiến Dũng
Building ties in the Southern Hemisphere
Brazilian President Luiz Inácio Lula da Silva visited Vietnam from March 27 to 29. What impact will this trip have on bilateral relations?
As I have pointed out on other occasions, President Lula da Silva’s visit to Vietnam is of great significance, as it will make an outstanding contribution to deepening bilateral friendship ties and expanding and diversifying cooperation in economic, commercial, and investment areas, as well as in politics.
Brazilian Ambassador to Vietnam Marco Farani. (Photo: Viet An)One notable aspect of President Lula da Silva’s visit is that he will be accompanied by a delegation of the highest political level, including the Presidents of both Chambers of Parliament and the National Congress. This state visit will have a significant impact on bilateral relations. Additionally, President Lula da Silva has invited a large group of Brazilian business leaders from some of the country's biggest companies across various industries and agribusiness to join his delegation.
Brazil and Vietnam, though located on different sides of the globe, share many cultural similarities. From a political standpoint, Vietnam is becoming increasingly important on the world stage. The country has welcomed visits from dignitaries worldwide, recognizing its geopolitical significance and its skillful, capable foreign policy. Vietnam’s economy has also industrialized at a rapid pace and remains highly open to international markets, with free trade agreements covering 64 partners globally. Vietnam is emerging as a major export and production hub in the region and beyond, transforming itself into a center of economic activity where global stakeholders want to establish a presence.
Vietnam’s political stability provides security for investors, ensuring a conducive environment for production and exports. President Lula da Silva’s visit to Vietnam aligns perfectly with this context. Moreover, it is also important for Vietnam to strengthen ties with countries in the Global South. Brazil, one of the largest economies in the Southern Hemisphere, has a GDP of $2.5 trillion and a vast market of over 200 million people. It is also the second-largest recipient of FDI, attracting nearly $70 billion in 2024. Both countries have much to learn from and cooperate on with each other.
However, President Lula da Silva’s visit is not the starting point of this strengthened relationship. That momentum began when Prime Minister Pham Minh Chinh visited Brazil in 2023. Since then, both countries’ leaders have held meetings at the recent G7 and G20 summits. They are set to meet again in July, as Brazil will be hosting and chairing the BRICS summit, where President Lula da Silva will invite Vietnam to participate.
The Brazil-Vietnam partnership represents a strong relationship between two developing nations from the Global South, both crucial players in their respective regions and both with a bright future ahead.
It is known that a large delegation of Brazil’s leading companies accompanied President Lula da Silva on his trip to Vietnam. Can you share insights on the potential for cooperation between businesses from both countries?
Vietnam and Brazil’s two-way trade turnover reached $7.9 billion in 2024, with significant potential for expansion. Prime Minister Pham Minh Chinh and President Lula da Silva have expressed their commitment to creating conditions for bilateral trade turnover to reach $15 billion by 2035.
Both countries have growing consumer demand, balanced economies, and politically stable environments, which naturally encourage bilateral trade. On March 29, the final day of the President’s visit, the Brazilian Ministry of Foreign Affairs and the National Confederation of Industry, in coordination with the Brazilian Embassy in Vietnam, will organize the Brazil - Vietnam Economic Forum. This event will bring together at least 100 Vietnamese businesses and 50 representatives from Brazil’s most prominent industries, including the agribusiness sector.
The Economic Forum provides an opportunity to analyze and discuss three key areas for strengthening bilateral economic relations: industrial cooperation, agricultural cooperation, and energy cooperation. Both economies have demonstrated strong growth in these sectors, driven by innovation and high-tech advancements.
Brazil and Vietnam are well-positioned to benefit mutually from this trade relationship—whether through technological exchange, partnerships aimed at third markets, or even collaboration in the defense sector. Brazil’s expertise in aviation and Vietnam’s strengths across multiple defense and security industries create promising opportunities for cooperation.
Vietnam and Brazil upgraded their bilateral relations to a Strategic Partnership last year. What steps have both countries taken to solidify this new partnership?
Last year, Vietnam and Brazil elevated their bilateral relations to a Strategic Partnership, reflecting the positive evolution and maturity of their ties. Brazil recognizes Vietnam’s growing role in Southeast Asia, its dynamic leadership within ASEAN, and its commitment to economic development and social welfare. Likewise, Brazil maintains a strong presence in the southern hemisphere and remains dedicated to sustaining its economic growth. As emerging economies, both countries play crucial roles in their respective regions while fostering friendly and stable relations with the global community.
This year, during President Lula da Silva’s visit, both nations will sign the Plan of Action for the Strategic Partnership. This is a significant milestone, as the plan outlines the specific areas in which Vietnam and Brazil will enhance cooperation. Besides political and people-to-people diplomacy, the Strategic Partnership will focus on four key technical areas.
First, agriculture will be a major pillar. Both countries have agreed that their agriculture ministries will hold technical meetings at least once a year to analyze and discuss ways to improve market access for agricultural products.
Second, science and technology cooperation is a priority, particularly in semiconductors and digitalization. Brazil has made significant advances in digitalization and has a developed semiconductor industry, creating strong collaboration opportunities for Vietnam in these fields.
Third, defense is an area of mutual interest, as Vietnam seeks to diversify its partnerships and suppliers of defense equipment. Given current uncertainties in international relations, expanding defense cooperation is a strategic move for both nations.
Finally, energy transition will be a crucial focus. Brazil, as the world’s largest producer of ethanol, has been using this fuel for 50 years in transportation. With Vietnam producing large quantities of corn and sugarcane, there is potential to incorporate ethanol into its energy mix, particularly in transportation. Brazil is ready to share its expertise to support Vietnam’s energy sector.
In our previous interview, you mentioned that Embraer is keen to expand its cooperation with Vietnam. Could you share what progress Vietnam and Brazil have made in their cooperation in the aviation sector?
The cooperation between Embraer and Vietnam's Ministries of Defense, and Construction holds great promise, particularly as Vietnamese airlines face a shortage of aircraft. Embraer is capable of overhauling and servicing aircraft efficiently. Moreover, Embraer aircraft have proven their reliability, operating worldwide with the autonomy to fly across all Southeast Asian countries as well as China.
Embraer, Vietnam Airlines, and Vietjet Air have been negotiating a jet purchasing deal for more than a year. Embraer has proposed that if these airlines purchase a certain number of aircraft, the manufacturer will establish a maintenance and pilot training center in Vietnam, which would serve as Embraer’s hub for the entire region. Additionally, financial support has been offered through the Brazilian Social Development Bank. The deal is currently under discussion, and we will have to wait and see how it unfolds.
The President of Embraer is accompanying President Lula da Silva during his visit to Vietnam and will hold meetings with the Vietnam People’s Air Force and the Minister of Defense. Vietnamese representatives have also been invited to participate in the LAAD Defence Security Fair 2025, set to take place in Rio de Janeiro, Brazil. Additionally, the Vietnamese delegation has expressed interest in visiting Embraer’s factory and production facilities. This visit is being arranged to provide the Vietnamese side with a deeper understanding of Embraer’s manufacturing process.
Vietnam has expressed its desire to sign a free trade agreement with Mercosur. As an important member of this group, can you provide some information on the process of realizing this goal?
The Vietnam-Mercosur free trade agreement (FTA) is something Vietnam has been very keen on. President Lula da Silva will preside over Mercosur in the second half of 2025 and intends to coordinate the position of other countries in the region in favor of a free trade agreement. Once this is achieved, the negotiation process can begin. This topic will be discussed during the President’s visit to Vietnam.
The approval of every Mercosur member is required to initiate negotiations, and President Lula da Silva will work to persuade them to begin discussions on an FTA with Vietnam. A well-structured FTA between Mercosur and Vietnam would be beneficial for all parties involved. The agreement will be negotiated based on the principle of mutual benefit and can be expanded in the future depending on the needs of each side.
-Viet An
Vietnam, Austria partner on semiconductor tech
The Ministry of Science and Technology’s Department of Information Technology Industry and the Posts and Telecommunications Institute of Technology (PTIT) have recently signed a Memorandum of Understanding (MoU) with EVGroup, which is, with global headquarters in Austria, one of the world's leading providers of semiconductor manufacturing equipment specializing in wafer processing.
This milestone represents a significant advancement in Vietnam's efforts to foster its semiconductor industry while strengthening international collaboration in the high-tech sector—a field increasingly vital to the global digital economy.
The MoU outlines three core objectives:
First, advancing research and development in critical technologies such as nano-fabrication, 3D packaging, and MEMS (Micro-Electro-Mechanical Systems).
Second, establishing comprehensive training programs aimed at enhancing the technical expertise of students, engineers, and researchers in the semiconductor domain.
Third, executing practical projects to accelerate Vietnam's journey towards building a modern semiconductor manufacturing industry.
Mr. Nguyen Khac Lich, Director of the Department of Information Technology Industry, remarked: "With EVGroup's expertise and capabilities, coupled with policies that encourage investment in the domestic semiconductor sector, Vietnam is poised to achieve tangible and impactful outcomes in this field."
-Bạch Dương
$228 mln to be invested in Hoa Binh - Moc Chau expressway
Deputy Prime Minister Tran Hong Ha has assigned the People’s Committee of northern Hoa Binh province to manage and organize the implementation of the Hoa Binh – Moc Chau expressway project (second phase) in the form of public investment, according to the Government Office's recent document sent to the Ministry of Construction and the People's Committee of the province.
The projected expressway (second phase) will span 19 km (from Km 00 to Km 19) and has four lanes, allowing a maximum speed of 80 kph, with a total investment capital estimated at VND5.876 trillion ($228 million).
It will connect with the Hoa Lac – Hoa Binh expressway, and the Hoa Binh – Moc Chau expressway (first phase, spanning 34km, from Km 19 – Km 53).
Construction of the first phase of the Hoa Binh - Moc Chau expressway started last September and is expected for completion in 2028, with a total investment of nearly VND10 trillion ($406.3 million).
The project holds special significance, as it is expected to boost the socio-economic development of Hoa Binh and Vietnam's Northwest region at large. Once completed, the expressway will connect the transportation network of Hoa Binh with the neighboring province of Son La and Hanoi capital to form a key expressway axis linking the Northwest region with the northern key economic zone.
-Gia Huy
Vietnam to master AI technology
What are the key factors behind the success of China’s DeepSeek program?
DeepSeek is a prime example of innovation and creativity in the technology sector. From a technical perspective, what stands out most about DeepSeek is that it was born out of China’s restrictions and limited access to advanced technologies, including powerful GPUs like the Nvidia A100 or H200, due to sanctions.
Before DeepSeek emerged, the global AI industry seemed to have been “lulled” into believing that AI development required heavy investment in high-end hardware. Leading tech companies like OpenAI, Google, and Meta all pursued this path, driving Nvidia’s stock prices to soar due to the increasing demand for AI hardware. It was widely believed that the future of AI depended on powerful and expensive computing systems.
However, DeepSeek has proven there is another way. Instead of engaging in a race for massive hardware power, DeepSeek focused on optimization and innovation within constraints. These limitations pushed China to find its own development path rather than following other countries’ models.
I believe DeepSeek leveraged several key factors to achieve success.
First, it capitalized on existing research. Rather than developing everything from scratch, DeepSeek strategically utilized previously published studies and innovations. Second, it simplified its model and optimized resources. Unlike OpenAI’s GPT-4, which relies on highly complex algorithms and massive models, DeepSeek adopted a more streamlined approach. Third, one of DeepSeek’s biggest differentiators is its open source approach. This aspect has been greatly welcomed by the global research community.
What does the story of DeepSeek say about China’s AI strategy?
In my view, the story of DeepSeek is the outcome of a well-planned strategy that China has been implementing for years.
China has long invested in education, science, and talent development. The country has been willing to pour significant resources into universities, support top experts, and build a strong knowledge foundation early on. One of its key strategies is the “talent program”, which attracts Chinese-origin experts from around the world to contribute to the country. Thanks to this strategy, China has gradually accumulated expertise and built a strong domestic talent pool. With a solid foundation in place, they can develop their own technology rather than relying on external sources.
DeepSeek has emphasized that nearly 100 per cent of its development team consists of Chinese professionals who were educated, trained, and are working in China, creating products for the domestic market. This highlights the core message of DeepSeek’s story: talent cultivation.
If a country only purchases technology from abroad, no matter how much money is spent, it will only grasp the surface level of the technology without fully understanding its operation and optimization. This leads to dependence on foreign experts and results in massive ongoing costs.
On the other hand, by investing in human capital and training top experts domestically, a country can truly master its technology.
Regarding Vietnam, where does its AI ecosystem stand regionally and globally? What key challenges is it facing?
Vietnam is still at a low level, mainly due to the lack of a clear strategy and long-term vision. Most companies follow global trends rather than developing their own approach.
The priority now is to build a team of true experts who can assess the country’s strengths and weaknesses. Strategies must focus on Vietnam’s unique advantages, with targeted investments. For weaker areas, relying on foreign technology may be necessary, but at the same time the domestic tech ecosystem must be protected and developed.
Businesses also need to invest more in AI. Large corporations already do, but many small and medium-sized enterprises (SMEs) have not. Some previously avoided AI, seeing it as too complex, while others now think hiring an engineer is enough to build advanced models. Vietnam must define its role in the AI process instead of vacillating between these two extremes.
To move forward, more forums and discussions are needed, where the government can guide businesses on effective AI investments. This will be key to building a sustainable tech ecosystem.
As you mentioned, DeepSeek benefits greatly from open source technology. What opportunities does this present for Vietnam? Can Vietnam leverage open source in a similar way to achieve a breakthrough?
Vietnam can learn from China in some aspects but must also recognize its own capabilities. We cannot simply replicate China’s model or build world-class systems to compete with DeepSeek or OpenAI. The key is to identify Vietnam’s strengths compared to China and find niche areas for development - opportunities that major tech firms may overlook because they are focused on bigger challenges.
Vietnam should not aim to create another DeepSeek. AI is a playing field dominated by tech giants. While Vietnam can participate, it requires immense commitment and sacrifice. The real question is: does Vietnam need to follow this path? Should it chase after creating a “second DeepSeek”, or instead focus on resolving its own specific challenges and developing AI systems that cater to its own needs rather than copying OpenAI or DeepSeek?
What should Vietnam do?
First, in the domestic market, Vietnam can develop AI products tailored to its own unique strengths and weaknesses. These solutions can address local challenges that foreign platforms may not be optimized for.
Second, to expand its influence internationally, Vietnam can target markets with similar conditions but less AI development, such as Bangladesh, Sri Lanka, and certain African nations. This approach allows Vietnam to carve out its own space without directly competing with global giants or solely relying on their products. The key is to identify the right target markets.
To achieve this, Vietnam must first secure its domestic market and prioritize sectors that require local expertise. At the same time, it needs to recognize countries facing similar challenges and explore strategic expansion opportunities.
In AI, only the top player truly wins; coming second often means failure. But beyond that race, there are many other opportunities. The goal doesn’t always have to be reaching number one, as that is nearly impossible.
If Vietnam simply follows the path set by others, it will always be dependent and lag behind. Instead of chasing the tech giants, why not focus on different challenges? These are the areas where Vietnam can create real value for itself.
Countries like South Korea and India have implemented strong policies to boost domestic AI development. Should Vietnam develop AI independently or prioritize partnerships with major tech firms? What is the best strategy for its AI growth?
A balanced approach is necessary. The challenge is to move fast, keep costs low, and ensure security. Vietnam must leverage opportunities presented by big tech companies, as they are also looking for customers like the Vietnamese Government to buy their technology. In the short term, Vietnam can take advantage of these solutions.
However, full reliance on foreign technology is not an option. Vietnam needs to gradually build its own AI ecosystem, utilizing local talent and major domestic tech firms such as FPT, Vingroup, and Viettel. These companies should be given incentives to develop core AI systems, especially in critical sectors like education, healthcare, and national security. While collaboration with foreign partners is possible in some areas, there must be clear boundaries between what needs to be safeguarded and what can be open for cooperation.
Additionally, a well-structured talent development and retention strategy is crucial. Vietnam must have a plan to attract and retain top AI talent, ensuring that skilled professionals contribute to the country rather than working for foreign companies or relocating abroad. Without a strong talent strategy, Vietnam risks becoming dependent on foreign AI technology, lacking the ability to develop its own solutions.
-Ngô Huyền
VSIP to develop more industrial parks in Vietnam
Vietnam’s Becamex IDC Corporation and Singapore’s Sembcorp Development have recently signed four memoranda of understanding (MoUs) to further expand the Vietnam – Singapore Industrial Park (VSIP) network – in Hung Yen, Hai Phong, and Hai Duong in the North of Vietnam and Binh Duong in the South of Vietnam, according to a report from the Vietnam News Agency.
Since the launch of the first VSIP in southern Binh Duong province in 1996, the partnership between Becamex IDC and Sembcorp Development has become a symbol of success in foreign investment attraction and industrial development.
On March 26, construction started on the 333-ha VSIP Thai Binh in northern Thai Binh province’s Thai Thuy district, costing nearly $221 million.
Currently, Vietnam hosts 20 VSIP projects nationwide, covering 12,000 ha and attracting over 1,000 enterprises from 30 countries and territories, with a total investment capital of $23.4 billion.
-Vân Nguyễn
Experts urge strong regulation as Vietnam sees crypto surge
Experts believe that the crypto asset market presents a breakthrough opportunity for Vietnam's digital economy, given its rapid growth both domestically and internationally. However, they warn that without a robust monitoring and management framework, digital assets could pose significant risks to financial stability and national security.
At the conference “Sharing Experiences in Managing and Operating Centralized Crypto Asset Exchanges” held on March 27, Senior Lieutenant Colonel Duong Duc Hung, Deputy Head of the Anti-Terrorism Division, Department of Homeland Security, Ministry of Public Security, highlighted that while digital assets have the potential to drive economic growth, they also pose substantial management challenges.
Functional agencies have uncovered cases where foreign terrorist organizations used digital assets to infiltrate Vietnam, both overtly and covertly. This has raised concerns about Vietnam becoming a transit hub for illegal financial activities.
Mr. Phan Duc Trung, Chairman of the Vietnam Blockchain Association, pointed out that despite numerous cases related to crypto asset investment, Vietnam has only prosecuted two cases since 2017. This reflects a notable gap in control and law enforcement mechanisms.
Nevertheless, recent government policy initiatives, such as Prime Minister's Decision 1236, the draft Law on Digital Technology Industry scheduled for passage in May, and Prime Ministerial Directive 05/CT-TTg dated March 1, 2025, directing the pilot implementation of a crypto asset exchange, offer hope for new momentum in the market.
Globally, the crypto asset market records a daily trading volume of $200 billion, with 617 million users—around 8% of the world's population. Vietnam is home to approximately 17 million crypto asset owners, ranking 7th worldwide.
Over the past four years, Vietnam has been consistently placed in the top five of Chainalysis' Global Crypto Adoption Index, holding the top position for two years.
Additionally, Vietnam is host to around 20 centralized crypto exchanges, supported by over 1,000 marketing communities. According to Binance's May 2023 report, Vietnam accounts for approximately 5% of global trading volume—a figure experts suspect may be even higher.
-Ngô Huyền
National Tourism Year 2025 kicked off in Hue city
The opening ceremony of the National Tourism Year 2025 was held in the centrally-run city of Hue on March 25 evening, according to a report from the Government News.
The National Tourism Year 2025, themed “Hue—Ancient Capital, New Opportunities,” includes nearly 160 international and national cultural, economic, social, and tourism activities which will be held across 63 provinces and cities throughout the country.
2025 is expected to be a milestone marking the strong return of Vietnam's tourism, with a goal of attracting 22-23 million international visitors, 120-130 million domestic visitors, and reaching total revenue of about $41 billion.
Since March 1, Viet Nam waived visa with a duration of stay of up to 45 days for citizens of Poland, Czech, and Switzerland traveling on package tours, adding to a list of 25 countries enjoying visa-free entry.
Vietnam has issued e-visa to citizens of all countries and territories around the world and increase the validity duration to up to 90 days.
-Phạm Long
Coastal railway connecting northern localities proposed for development after 2030
A projected coastal railway connecting Nam Dinh, Thai Binh, Hai Phong and Quang Ninh in northern Vietnam will be considered for development after 2030, depending on future transport demand, according to the Ministry of Construction.
The projected railway will not be therefore invested in before 2030 as proposed by voters in Thai Binh province.
Under the national railway network plan for 2021-2030 with a vision to 2050, the projected rail line is designed to have a total length of 101 km and a standard gauge of 1,435 mm.
Currently, the transport corridor between these northern localities relies on road and waterway networks. Freight transport is mainly carried by road and inland/coastal waterways. Meanwhile, a new expressway connecting Nam Dinh, Thai Binh, Haiphong, and Quang Ninh is under construction and is expected to meet passenger transport demand through 2045.
-Thanh Thủy
Da Nang approves investment for 30-story apartment project
The People’s Committee of the central city of Da Nang has approved the investment policy and designated An Phuoc Thanh Co., Ltd. as the investor for the Da Nang Finance and Trade Center Apartment Project, with a total investment of nearly VND712 billion ($27.8 million).
Known as The APT Tower, the project is located in An Hai Nam ward, Son Tra district. It will feature a maximum height of 30 stories and provide 357 high-end residential units. It is set to offer a range of amenities, including a community living area, kindergarten, and parking facilities, catering to modern living demands.
The APT Tower is expected to be completed and operational by the fourth quarter of 2029, with the units available for sale or lease.
This project is part of Da Nang city's Housing Development Plan for 2021-2025 and has been listed as a priority location for commercial housing development.
-Ngô Anh Văn
Lam Dong proposes second runway for Lien Khuong Airport
The People's Committee of the Central Highland province of Lam Dong has proposed for a second runway at Lien Khuong Airport, according to a document submitted by the Committee to the Airports Corporation of Vietnam (ACV).
This initiative aims to ensure operational continuity during repairs and upgrades to the existing runway, thereby avoiding disruptions.
Managed and operated by ACV, Lien Khuong Airport is currently preparing to invest in and conduct a feasibility study for a runway and taxiway repair project. This effort seeks to maintain efficient, safe, and sustainable operations, catering to both domestic and international passenger transport needs.
The People's Committee has also directed relevant departments, agencies, and units to explore opportunities for cooperation with Lien Khuong Airport to open more international routes. This would address the rising demand for tourism, attract investment, and promote socio-economic development, particularly through connections with key markets such as Singapore, South Korea and other countries in Northeast Asia.
In its document to ACV, the People's Committee highlighted that 2025 is a pivotal year for the locality. It marks a period of acceleration and breakthrough to achieve a GRDP growth target of 9-10%, double the growth rate of 2024, as part of the socio-economic development plan for 2021-2025. Additionally, 2025 serves as a foundation for the province’s future development alongside the rest of the country.
The provincial leaders expressed concerns that a temporary suspension of the airport's operations for repairs would significantly impact air transport, tourism, and various socio-economic and political activities. They urged ACV to carefully assess the urgency of the repair project and consider temporary repairs or partial upgrades to ensure the airport's disrupted operation.
-Thiên Ân
Da Nang cancels investment approval for Hoa Cam IP expansion
The People's Committee of Da Nang City has officially revoked a decision that had approved the investment policy for the 13.1-ha expansion project (phase 1) of the Hoa Cam Industrial Park.
The decision was annulled due to procedural and regulatory shortcomings.
Additionally, the decision was inconsistent with the overarching plan for industrial park development in Da Nang City, and it failed to ensure the operational term for the investment project.
Da Nang City currently boasts a 1,128-ha high-tech park, a 130-ha concentrated information technology park, and six operational industrial parks with a combined area of approximately 1,100 ha. These include: Da Nang Industrial Park (50.1 ha, 100% occupancy); Hoa Khanh Industrial Park (394 ha, 100% occupancy), Hoa Khanh Expanded Industrial Park (132.6ha, 100% occupancy), and Hoa Cam Industrial Park (149.84 ha, 87.27% occupancy).
-Anh Khoa
UK businesses seek AI cooperation opportunities in Vietnam
Representatives from 12 UK businesses operating in the field of Artificial Intelligence (AI) and data have visited Vietnam to seek cooperation opportunities.
Their visit was made as part of the on-going UK-Southeast Asia Tech Week 2025 held in Ho Chi Minh City on March 27-28.
The UK’s annual event is aimed at boosting digital innovation and partnerships between the UK and Southeast Asia.
On the sidelines of the event, the UK Consulate General Ho Chi Minh City and the Ho Chi Minh City Digital Transformation Centre signed a Memorandum of Understanding (MoU) on science, technology, and innovation cooperation.
Under the MoU, both sides will promote cooperation in research and innovation among policymakers, government agencies, research institutions, universities, and businesses to support digital transformation and drive technological advancements in the southern city of Vietnam.
The collaboration will focus on science-based research and innovation, spanning fundamental studies to applied technology in key fields such as digital transformation, smart city technology, financial technology (FinTech), emerging technologies, including artificial intelligence, robotics and automation, nanotechnology, and cybersecurity and health technology (HealthTech).
-Quốc Khánh
Team established to inspect Mekong Delta rice exports
In a bid to ensure transparency, stabilize the market, and safeguard rice producers from domestic and international market fluctuations, the Ministry of Industry and Trade has issued Decision No. 831/QĐ-BCT, establishing an inter-ministerial inspection team for the rice export sector in the Mekong Delta.
Following Government directives outlined in Notice No. 99/TB-VPCP dated March 11, 2025, the inspection team will focus on enforcing legal regulations on rice exports. Their mandate includes strictly addressing violations and conducting an in-depth review of supply-demand dynamics and market pricing.
The scope of the inspection also extends to examining the activities of rice exporters in the Mekong Delta. This will cover the purchase, import, and export of rice for circulation reserves, as outlined in Decree No. 107/2018/NĐ-CP (dated August 15, 2018) and the recently updated Decree No. 01/2025/NĐ-CP (dated January 1, 2025).
The inspection period will review activities from September 2024 to February 2025, with on-the-ground inspections scheduled from March 25 to March 28, 2025.
As part of this initiative, the inspection team will collaborate with key exporters, industry associations, and local authorities to assess current challenges and propose strategic solutions to stabilize the rice market.
The findings and recommendations will be reported to the Government before March 31, 2025.
-Minh Huy
Vietnam's manufacturing embraces smart tech
In recent years, Vietnam has emerged as an attractive investment destination for foreign investors and become an important link in the global supply chain.
Statistics show that in 2024, Vietnam's total import and export turnover of goods reached $786.29 billion, an increase of 15.4% compared to the previous year, of which exports increased by 14.3% and imports increased by 16.7%.
In exports alone, in 2024, there were 37 items with export turnover of over $1 billion each, accounting for 94.3% of total export turnover.
Specifically, the export value of the group of electronics, computers and components reached $72.6 billion, an increase of 26.6% compared to 2023, accounting for 17.9% of the total export turnover; telephones and components reached $53.9 billion, an increase of 2.9%, and machinery, equipment, tools and spare parts reached $52.3 billion, an increase of 21%.
"These data show that Vietnam is transitioning from traditional textiles, garments and footwear to high-end electronics and smart manufacturing," said Mr. Ngo Lang Van, CEO of Sunrise Big Data Co., Ltd.
According to Prof. Dr. Nguyen Mai, Chairman of the Vietnam Association of Foreign Invested Enterprises (VAFIE), Vietnam is a country with a competitive advantage in attracting foreign investment thanks to 17 new-generation free trade agreements it has signed and its ambitious goals in transforming the growth model, perfecting institutions and policies according to international practices, and restructuring the state apparatus towards streamlining and efficiency.
"Foreign investors consider these advantages as opportunities to invest in Vietnam, and Vietnam also has the opportunity to select projects that are suitable for the Government's and local authorities' FDI attraction orientations," Prof. Mai said.
Mr. Van highlighted the emergence of production chains in Vietnam involving global leaders such as Samsung, Foxconn, and BYD in the North (consumer electronics and automotive industries) and Midea and Adidas in the South (home appliances, textiles, and garments).
However, the current shortcoming in Vietnam's industrial chains is the weak supporting capacity of the domestic supply chain, forcing businesses in the chain to import raw materials and components.
"This not only increases the costs of businesses but also reduces the flexibility and stability of the supply chain," said Mr. Van, suggesting that Vietnam needs to make more efforts in localizing supply chain services, researching and developing new materials as well as applying advanced technologies.
In this direction, he recommends that Vietnamese businesses cooperate more strongly with supply chain businesses from China, Japan, South Korea, Taiwan (China)... to upgrade smart manufacturing chains, especially those associated with semiconductors and AI digitization.
-Anh Nhi