DaiDung Group celebrates 30 years of growth, innovation, and global expansion in steel structures and mechanical manufacturing.

From a small mechanical workshop, DaiDung has "grown" into a giant in the field of steel structures and global mechanical manufacturing. After 30 years, the company continues to write extraordinary stories as a leading Vietnamese brand.

A humble start – a grand vision

Founded in 1995 with just 20 workers, DaiDung Group began its journey in Binh Chanh district (Ho Chi Minh City) with the establishment of the DaiDung Mechanical Workshop. Two years later, in 1997, the company expanded by opening another mechanical workshop in Le Minh Xuan Industrial Park. This marked a key turning point, as DaiDung started collaborating with major partners, notably undertaking projects for Hazama Japan, including Mabuchi Motor, Nissei Electric, and various developments in Linh Trung Export Processing Zone, Tan Thuan, VSIP Binh Duong, and Bien Hoa 2 Industrial Park.

These early, steady steps not only allowed DaiDung Group to expand production but also helped establish strategic relationships with international partners. As a result, the company focused on enhancing its manufacturing capacity, adopting advanced technology, improving product quality, and developing a sustainable growth strategy. These factors have propelled DaiDung Group’s success, solidifying its position in the mechanical manufacturing and steel structure industries.

Long-term strategy and sustainable growth orientation

With a solid foundation built over three decades, DaiDung Group continues to pursue ambitious growth, setting clear strategic goals for the period 2025–2045. These objectives define the company's development roadmap while reinforcing its position in the international market.

Speaking at the event, Mr. Trinh Tien Dung, Chairman of the Board and CEO of DaiDung Group, reaffirmed the company's commitment to maintaining exceptional growth, targeting over 25 per cent annual growth from 2025 to 2030. Beyond this period, the company aims for sustained annual growth of over 15 per cent from 2030 to 2045. This ambitious vision aligns with its plan to surpass $1 billion in revenue before 2030, alongside refining its financial model to ensure a stable capital source for production and expansion.

Mr. Trinh Tien Dung, Chairman of the Board and CEO of DaiDung Group, spoke at the event

As part of its ongoing strategy, DaiDung Group is focusing on enhancing service quality and strengthening its international presence. The company aims to broaden its reach in key markets such as the Middle East and Japan while expanding into promising regions including the Americas, Europe, Australia, and ASEAN. Adapting its business model to meet international demands and fostering strategic partnerships will be crucial to ensuring long-term, sustainable growth.

"Not only focusing on growth and service goals, DaiDung Group also lays out a comprehensive strategy for excellent governance. The company will continue to refine its governance system according to international standards while implementing a digital transformation program, automating production and management processes. One important goal is to list shares (IPO) in 2026, aiming to become a valuable investment asset on the stock market, thus enhancing brand value and expanding its investment network," said Mr. Trinh Tien Dung.

To support its ambitious growth strategy, DaiDung Group is prioritizing workforce development. The company is committed to training and nurturing top talent, including engineers, architects, skilled workers, and high-level technical experts, ensuring its workforce meets international standards. Additionally, DaiDung Group will continue investing in specialized training programs to attract and retain top talent, further securing its sustainable development.

The event was organized on a large scale and meticulously staged

As part of its broader vision, DaiDung Group is expanding its production capacity through significant investments in advanced technologies and automation. The company’s factories in Vung Tau and Nghi Son are expected to become operational in 2025, with a target of producing 500,000 tons of steel structures by 2030. Concurrently, DaiDung Group is developing a multi-industry ecosystem, integrating its expertise in mechanical manufacturing and steel structures with sectors such as EPC, real estate investment, energy, construction materials, trade, and logistics to create sustainable value.

Sustainability remains at the heart of DaiDung Group’s strategy. The company continues to innovate, applying clean, recycled, and circular materials to contribute to environmental protection while fostering a progressive community. This commitment strengthens social responsibility and reinforces DaiDung Group’s long-term vision of building a sustainable future for both the company and the wider community.

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Korean firms are encouraged to expand investment in Vietnam.

Prime Minister Pham Minh Chinh proposed Korean businesses to expand cooperation, investment and operations in Vietnam during a meeting with leaders of 35 Korean enterprises in Hanoi on March 4.

Particularly, Korean businesses were encouraged to boost investment in the fields of high technology, clean technology, semiconductor, AI, renewable energy, digital finance, smart production and digital economy.

PM Chinh also proposed them to promote cooperation and investment in manufacturing, real estate, infrastructure development, telecommunications and tourism.

He also suggested the Korean enterprises to consider Vietnam as their development hub and a key link in supply chains.

The PM encouraged the promotion of the transfer of advanced technology and scientific advances, which will help increase the rate of localization.

PM Chinh stressed that the Vietnamese government committed to ensuring that the FDI sector is an important part of the national economy, and ensuring legitimate rights and interests of investors.

 

-Tiến Dũng

The proposed line will span approximately 20 km, with investment capital estimated at over $1.17 billion.

At a meeting between the People's Committee of the southern Dong Nai province and its relevant unites, held on March 3, a pre-feasibility study revealed plans for a new railway line connecting the province to Metro Line 1 of Ho Chi Minh City.

The proposed line will span approximately 20 km, with an investment capital estimated at nearly VND30 trillion (over $1.17 billion).

The railway line will feature 12 stations and one depot, a container and goods storage area, covering approximately 23 ha. The railway is planned to be constructed along the left side of National Highway 1A, in south to north direction.

During the meeting, Dong Nai's functional departments indicated that they are evaluating potential capital sources and investment mechanisms for the project.

In recent months, Dong Nai has collaborated with Ho Chi Minh City and neighboring Binh Duong province to form a joint working group tasked with coordinating and addressing issues related to the construction of the railway linking the three localities.

Mr. Ho Van Ha, Vice Chairman of the People's Committee of Dong Nai Province, mentioned that in July 2024, Ho Chi Minh City had sent a document to Dong Nai and Binh Duong  regarding the investment in urban railway lines connecting the two provinces with Metro Line 1 in the southern city.

-Thanh Thủy

Asia was the largest export market for Vietnam's agricultural, forestry, and fishery products, which were followed by the Americas and Europe.

Exports of agricultural, forestry, and fishery products in February 2025 "exploded," far exceeding predictions, with total value estimated at $4.4 billion, a year-on-year increase of 37.2%, according to the Ministry of Agriculture and Environment. 

As a result, the total export value of this product group in the first two months of 2025 stood at $9.48 billion.

Of the total export value, the value of agricultural products accounted for $4.89 billion, up 4.5% year-on-year; livestock product $72.2 million, up 4%; seafood $1.42 billion, up 18.6%; and forestry product  $2.68 billion, up 11.9%.

By country, the U.S. was the largest importer of Vietnam's agricultural, forestry, and fishery products in the first two months of the year, accounting for 22% of the total; China ranked second with 17.8%; and Japan the third with 7.7%.

By region, Asia was the largest export market for Vietnam's agricultural, forestry, and fishery products in the first two months of the year, accounting for 42.2% of Vietnam's market share. The next two largest markets were the Americas and Europe, with market shares of 24.2% and 15.5%, respectively.

Compared to the same period last year, the estimated export value to Asia decreased by 1.6%, while exports to the Americas increased by 19.8%, to Europe by 22.3%, to Africa by 2.2 times, and to Oceania by 8.2%.

"Thanks to the high growth in February 2025, the total export value of agricultural, forestry, and fishery products in the first two months of this year reached $9.48 billion, an increase of 8.3% compared to the same period in 2024," said Mr. Phung Duc Tien, Deputy Minister of Agriculture and Environment.

-Chương Phượng

The British Council’s new head office in Hanoi marks a significant step in advancing Vietnam-UK educational collaboration and innovation.

Vietnam and the United Kingdom have long shared a strong partnership in education, built on a foundation of mutual commitment to academic excellence, cultural exchange, and workforce development. Over the past few decades, this collaboration has expanded across multiple domains, including higher education, vocational training, English language learning, and research partnerships. With a growing number of joint degree programs, scholarship opportunities, and institutional linkages, the UK remains one of Vietnam’s most important education partners.

The British Council, the UK’s international organisation for educational and cultural relations, has played a crucial role in strengthening this relationship. According to deputy Ambassador of the United Kingdom to Vietnam, Mr. Marcus Winsley, since establishing its presence in Vietnam over 30 years ago, the British Council has facilitated knowledge transfer, provided high-quality English education, and supported educational reforms that align with Vietnam’s ambitions for global integration. This partnership has not only helped Vietnamese students gain access to world-class education but has also fostered cross-cultural understanding and innovation between the two nations.

A new chapter

Marking a new milestone in this long-standing cooperation, the British Council has officially relocated its head office in Vietnam to the Lancaster Luminaire Building at 1152 Lang Road, Dong Da District, Hanoi. This move reflects the organisation’s ongoing commitment to growth, sustainability, and enhancing learning experiences for students, teachers, and stakeholders.

Mr. James Shipton, Country Director of the British Council in Vietnam, emphasised the deeper significance of this relocation: “The grand opening of the Lancaster Luminaire Building is so much more than just a celebration of a new physical space. As we celebrate new beginnings, we are more assured than ever of our relevance and remain hugely positive about our partnerships and role in helping young people fulfil their aspirations. Through English and Education, Arts and Culture, we will continue to create opportunities that strengthen the bonds between our nations. The shared purpose that has inspired our work over the years has only grown stronger and fills us with optimism for the decades ahead.’

The new office features a world-class English teaching centre, the British Council’s largest centre in Hanoi, as well as a cutting-edge IELTS on Computer test centre. With upgraded facilities, the British Council is set to enhance the quality of education and assessment services, further solidifying its role as a key driver of Vietnam’s educational development.

British Deputy Ambassador Marcus Winsley highlighted the broader impact of this milestone within the Vietnam-UK relationship: “Vietnam is a nation with ambitious goals—aiming to achieve high-income status by 2045 and net-zero carbon emissions by 2050. The newly appointed political leadership sees the country entering a new era, with bold targets for 10 per cent growth, digital transformation, and investment in high-value technology. Achieving these goals will require determination, focus, and the right partnerships. The British Council is at the heart of this new era of collaboration.”

Fostering growth and innovation

The grand opening ceremony was attended by prominent figures, including representatives from the Ministry of Education and Training, the Ministry of Culture, Sports and Tourism, and nearly 200 guests from the education, arts, and language teaching sectors. Ms. Nguyen Phuong Hoa, Director General of the International Cooperation Department, Ministry of Culture, Sports and Tourism, praised the British Council’s contributions: “The British Council has been a vital bridge between our two countries, fostering mutual understanding and cooperation in education, arts, and language learning. The opening of this new office is a testament to the strength and future potential of this partnership.”

The Lancaster Luminaire Building itself represents a forward-thinking vision for sustainable and innovative learning spaces. As an A-class building with LEED Gold certification, it promotes energy efficiency, water conservation, and improved air quality, aligning with the British Council’s commitment to sustainability.

To mark the occasion, the British Council organised a series of engaging activities, including roundtable discussions, workshops, networking sessions, a student award ceremony, and an interactive tour of the new test centre. These events provided an opportunity for educators, students, and industry leaders to explore new possibilities for collaboration and exchange.

With its expanded presence in Vietnam, the British Council is set to continue driving educational excellence and cultural engagement, reinforcing the strong Vietnam-UK partnership. This new milestone is not just about a physical space—it represents the next phase of a shared journey toward a more connected, innovative, and globally competitive education system.

-Linh Tong

HCMC aims to complete by 2035 the renovation and reconstruction of apartment buildings built before 1975 .

Ho Chi Minh City has approved a comprehensive project aimed at renovating and reconstructing old, deteriorated, and dilapidated apartment buildings within the city.

According to the municipal Department of Construction, 474 apartment buildings constructed before 1975 have been inspected since 2016. Of these, 16 buildings have been identified as Grade D, indicating severe damage and danger.

The affected buildings are located in the inner city, dispersed within existing residential areas, and concentrated across 15 districts, including District 1, District 3, District 4, District 5, and District 6.

For apartment renovation and reconstruction projects funded by the State through public investment capital,  specialized or regional Investment and Construction Project Management Boards will be selectedd as investors.

In cases where there is no suitable Project Management Board, the investment decision-maker will designate another agency or organization to act as a project investor, including enterprises with 100% State-owned capital engaged in real estate business.

The project emphasizes that the renovation and reconstruction efforts will be conducted based on the principles of ensuring a harmonious balance of interests, rights, and obligations among the people, the government, and investors, in accordance with the law. The primary focus will be on prioritizing the common interests of the residential community and achieving social security goals.

HCMC aims to complete by 2035 the renovation and reconstruction of apartment buildings built before 1975. Additionally, the city also plans to substantially complete the renovation and reconstruction of severely damaged, dangerous, or expired apartment buildings built between 1975 and 1994.

-Phạm Vinh

Instead of having to queue or wait on the phone, citizens can quickly look up procedures via chatbot, AI hotline, or interact directly with kiosks or robots.

The Hanoi Public Administration Service Center has recently launched a trial run of an AI 19001009 Switchboard. 

This completely free service, available 24/7, helps reduce waiting times and increases convenience for citizens. This marks an important step in the digital transformation roadmap, enhancing the quality of service for the capital city's residents.

According to the Hanoi Public Administration Service Center, the AI Switchboard 19001009 is an application within the "AI Employee" system. This solution uses artificial intelligence to assist citizens and staff at the center in looking up information, guiding administrative procedures, and answering questions.

Citizens can interact with the "AI Employee" through various channels: the Chatbot on the website dichvucong.hanoi.gov.vn and the iHanoi mobile application, the 19001009 telephone switchboard, the switchboard on the iHanoi OTT application, self-service kiosks in the center's lobby, a smart reception robot in the reception area, and the Vedax AI Platform, ZeroChat, and ZeroPhone technology platforms.

Instead of having to queue or wait on the phone, citizens can quickly look up procedures via chatbot, AI hotline, or interact directly with kiosks or robots.

-Bạch Dương

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-Vietnam Economic Times - VnEconomy

Vietnam will host APEC summit for the third time in 2027 in the island city of Phu Quoc in the Mekong Delta province of Kien Giang.

Vietnam will host the APEC Economic Leaders’ Week  for the third time in 2027, with the island city of Phu Quoc in the Mekong Delta province of Kien Giang chosen as the venue. 

Prime Minister Pham Minh Chinh requested relevant ministries, agencies and localities to urgently prepare for the event while chairing a meeting with the Standing Board of the provincial Party Committee and relevant ministries on March 3.

PM Chinh stressed the importance of the event, which he said would help to promote the image and development of Phu Quoc and Kien Giang.

He said newly-built works should improve Phu Quoc’s urban and tourism infrastructure and avoid adjustments to the approved planning scheme just for APEC Summit 2027.

To meet the demands of such a high-profile event, Phu Quoc will upgrade critical infrastructure, including a convention center, public squares, a media hub, five-star hotels, transport links, airport expansions, and environmental improvements.

Phu Quoc is known as the “Pearl Island” of Vietnam’s southwestern sea region, comprising 22 islands, with Phu Quoc island itself covering 567 square kilometres. The city boasts a well-developed tourism ecosystem, including world-class entertainment complexes, luxury resorts, and a strong network of four- and five-star hotels, positioning it as a highly competitive destination both domestically and internationally.

 

-Tiến Dũng

The move aims to support people and businesses in improving production and business, and to create momentum for economic development.

The Ministry of Finance is seeking comments on a draft Decree stipulating a 30% reduction in land lease fees in 2025 to support people and businesses in developing production and business, as directed by the Government in Resolution 233/NQ-CP dated December 10, 2024.

The draft Decree proposes a 30% reduction in land lease fees for subjects specified in Article 4 of the Land Law who are directly leased land by the State under a land lease decision, a land lease contract, or  certificate of land use rights and ownership of assets attached to land issued by a competent State agency, effective in 2025, in the form of annual land lease payments.

This regulation is also applicable to cases where land users are not eligible for exemption or reduction of land lease fees or have exceeded the period of exemption or reduction. It also applies to land users currently receiving reductions in land lease fees under the provisions of the Land Law and other relevant laws.

Regarding the draft Decree, in Resolution No 233/NQ-CP the Government stated that the goal for 2025 is to achieve a growth rate of 8% while maintaining macroeconomic stability, controlling inflation, and ensuring the major balances of the economy.

To support people and businesses in improving production and business, and to create momentum for economic development, the Ministry of Finance needs to continue studying and proposing policies on the exemption, reduction, and extension of taxes, fees, charges, and land lease fees to competent authorities.

-Phương Linh

The project manufacturing high-precision circuit board.

The People’s Committee of northern Ha Nam province has granted investment certificate for a high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd.

The plant will cover 98,850 sqm in the Kim Bang I Industrial Park, with a total investment of $110 million.

The facility is expected to become operational by February 2027 with an annual capacity of over 260 million products.

The investment is in line with the province’s goal of attracting projects with modern technology and artificial intelligence (AI) products, according to the provincial authorities.

Ha Nam targets to attract $1 billion of investment capital this year. The province has lured around $500 million so far this year.

 

-Hạ Chi

VIFA EXPO 2025 returns to Ho Chi Minh City, bringing global furniture brands, industry insights, and networking opportunities.

The Vietnam International Furniture and Home Accessories Fair (VIFA EXPO) 2025 is set to take place from March 5–8, 2025, at the Saigon Exhibition Convention Center (SECC) in Ho Chi Minh City. As one of Vietnam’s largest furniture trade events, the expo is expected to welcome over 20,000 visitors, including importers, buyers, and industry professionals from around the world.

This year’s event marks the 16th edition of the Vietnam International Furniture and Home Accessories Fair, a platform that has grown significantly since its launch in 2008. Over the years, it has established itself as a key destination for businesses looking to connect with Vietnam’s expanding furniture and home decor industry.

With an exhibition area covering more than 40,000 sq m, VIFA EXPO 2025 is set to feature over 2,500 booths from more than 650 exhibitors. The event continues to attract strong international participation, with 52 per cent of exhibitors coming from 19 countries and territories, including Denmark, China, Hong Kong (China), Indonesia, Malaysia, Thailand, Korea, Singapore, the United States, Canada, Italy, etc. The remaining 48 per cent consists of Vietnamese companies representing 17 provinces and cities, highlighting the country’s diverse manufacturing base and growing influence in the global furniture supply chain.

An aerial view of the fair

This year’s edition will showcase a wide range of indoor and outdoor furniture, home accessories, and raw materials, with participation from notable brands such as Annda International, Minh Tin - USofa, Your Furn Partner – Part of Wendelbo Group, Trend World Furniture, Far East Foam, Reindeer Furniture, Babakagu, Canadian Wood, Latitude Tree, Paul-Yu, Koda, Woodnet, Scancom, Fine Scandinavian, MFC, PMA, Savimex, Thinh Viet, Lyprodan, Eurofar, Hiep Long, Cattie, Master Pacific, Mega Home, Wood Concept. The exhibition is not just a space for companies to introduce new products but also an opportunity for businesses to explore emerging industry trends and strengthen their position in global markets.

Beyond the exhibition floor, VIFA EXPO 2025 will feature a series of industry-focused discussions and networking sessions. The lineup includes:

• "Global Furniture Outlook 2024 Trends Forecast 2025" (March 5), with experts from CSIL (Italy), Home Living (Japan), and Moebel Markt (Germany).
• "Furniture Industry Moving Towards Net-Zero Market – Chances Challenges" (March 6), focusing on environmental and ESG regulations.
• "Made in Vietnam, Sold on Wayfair" (March 6), a session hosted by Wayfair, a leading US furniture e-commerce platform, in collaboration with Lien Minh Company.

To support international buyers, VIFA EXPO 2025 provides a range of services, including airport support at Tan Son Nhat International Airport, shuttle buses from official hotels to the SECC venue, and factory visit tours in key production hubs such as Ho Chi Minh City, Binh Duong, and Dong Nai. Additionally, business-matching sessions, organized by Amazon Global Selling Vietnam and Lien Minh Company, will help buyers connect directly with exhibitors. VIP buyers may also benefit from complimentary hotel accommodations for two nights and invitations to exclusive networking events, including the VIFA EXPO 2025 Gala Dinner.

The fair hosts a wide range of trading activities

As Vietnam’s furniture industry continues to expand, VIFA EXPO serves as a key platform for businesses to engage with international markets, explore new business opportunities, and stay ahead of industry developments. The event plays a role in strengthening Vietnam’s position as a major furniture manufacturing hub, providing a bridge between local manufacturers and global buyers.

For more details, visit www.vifaexpo.com or contact Lien Minh Company:

• Address: 2/13 Bau Cat 2, Ward 14, Tan Binh District, Ho Chi Minh City
• Phone: +84 28 7306 7887 | Hotline: +84 79999 7657
• Email: info@hawacorp.com.vn
• Website: www.vifafair.com

-Diep Linh

The project spans four provinces: Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc, with the total investment nearly $290 million.

Vietnam Electricity (EVN) and the Electricity Project Management Board 1 on March 3 launched a construction of the Yen Bai section of the 500kV Lao Cai - Vinh Yen power transmission line project in northern Vietnam.

The 500kV Lao Cai - Vinh Yen transmission line project is a key national initiative that has been approved  by the Prime Minister.

It is a double-circuit 500kV transmission line with a total length of 229.5 km, consisting of 468 foundation positions for electricity poles.

The project spans four provinces: Lao Cai, Yen Bai, Phu Tho, and Vinh Phuc, with the starting point at the 500kV Lao Cai substation and the ending point at the 500kV Vinh Yen substation.

The total investment for the project exceeds VND7.41 trillion ($289.5 million), with 80% of the funding arranged from a loan by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and 20% from EVN's counterpart fund (before tax).

Once operational, the transmission line will release approximately 2,000 MW from hydroelectric power plants in the Northwest region and neighboring provinces to the national power grid, increasing electricity import capacity.

It will also create a strong link between regions within the power system, improve the safety and stability of the national power system, reduce power loss in the transmission grid, and enhance the efficiency of EVN's electricity production and business.

-Huyền Vy

Tourism projected to contribute 13-14% to the country's GDP by 2030.

Under a Prime Ministerial Decision, signed recently by Deputy Prime Minister Le Thanh Long, an action plan to implement the master plan on tourism system for 2021-2030 period with a vision to 2050, has been approved.

The plan identifies specific progress and resources to implement tasks and measures as outlined by the master plan.

Focus will be made on investment in infrastructure for tourism sites, particularly national tourism sties. The plan will encourage the private sector to invest in developing tourism infrastructure, products and services.

Other activities include promoting the building of national tourism brands for special tourism products, improving the quality of tourism human resources as well as boosting tourism promotion activities both inside and outside the country.

Under the master plan on tourism system, the Government targets to attract 25-28 million foreign arrivals by 2025 and 35 million by 2030.

Total tourism revenue is expected at VND1.264 trillion ($49 million) this year and over VND2.6 trillion ($101 million) by 2030. Tourism is projected to directly contribute 8-9% and 13-14% to the country's GDP by 2025 and 2030, respectively.

 

-Minh Huy

The fees being exempted from March 1, 2025 until February 28, 2027.

Under a government decree issued recently, the exemption of registration fees for electric cars (EVs) has been extended from March 1, 2025 to February 28, 2027.

Earlier, the Ministry of Finance had proposed to extend the exemption of the fees through February 28, 2027, instead of February 28 this year as initially scheduled.

The ministry said the registration fee exemption will contribute to developing the market, the EV industry and other auxiliary industries as well as generating jobs for workers.

 

 

 

 

-Thanh Thủy

The SJC-branded gold bars were sold at VND91 million ($3,534) per tale on the day.

Gold prices in the domestic market bounced back on March 3 after falling for three days in a row.

The SJC-branded gold bars were offered to the public at VND91 million ($3,534) per tale on the day, up VND500,000 ($19.4) compared to the previous day.

One tael equals 37.5 grams, or 1.2 ounces.

Meanwhile, the selling prices of gold rings in the domestic market reached VND88.7 million ($3,489) per tael.

In the global market, the gold prices also rose again after a two-day drop. The prices reached $2,865.5 per ounce or VND90.4 million on March 3.

At this level, gold price in Vietnam is higher than the global price around VND1.36 million ($52.8) a tael.

-Phương Linh

At the recent dialogue between PM Pham Minh Chinh and American enterprises, Amcham Chairman hailed Vietnamese Government's willingness to work closely with the U.S. businesses on creating a fair, transparent, predictable, and streamlined regulatory environment that values innovation.

The Government News on March 3 quoted Mr. Eric Johnson, Chairman of the American Chamber of Commerce (AmCham) in Hanoi as appreciating the Vietnamese government's efforts to streamline administrative procedures.

Mr. Johnson made the statement during a dialogue held on March 1 between Prime Minister Pham Minh Chinh and representatives of U.S. businesses in Vietnam.

He hailed the Vietnamese Government's willingness to work closely with the U.S. businesses on creating a fair, transparent, predictable, and streamlined regulatory environment that values innovation.

The representative of the AmCham noted that the U.S. is Vietnam's largest export market and one of the top drivers of investment.

"Our business community shares Vietnam's priorities and is working closely with your ministries on removing bottlenecks in resource mobilization, production, and business, addressing energy development needs and accelerating the transition to clean and renewable energy", Mr. Johnson said.

He vowed to work with Vietnam in ensuring success, affordability, and innovation in the health industry, unlocking the full potential of the digital economy, upgrading from frontier to emerging market status, implementing the use of advanced pricing agreements, upskilling the workforce to meet the needs of a modern economy, promoting sustainable investment and supply chain integration, such as capitalizing for opportunities in the semiconductor sector.

"We believe that President Trump appreciates Vietnam and the benefits that come from being close friends and comprehensive strategic partners", Mr. Johnson added.

He suggested Vietnam take proactive steps to demonstrate a real commitment to addressing the trade imbalance while solving burdens and barriers faced by American companies and investors.

The AmCham representative referred to concerns from the 40 American companies, including recommendations to ensure proposed rules are consistent and synchronized with existing laws and international standards, the need for fair administration of stable tax policies, and the need for faster and simpler work permits and visas for foreign workers and experts.

"We welcome the restructuring of government departments and responsibilities, is designed to promote efficiencies, and AMCHAAM appreciates the General Secretary To Lam's recommendation for government to reduce administrative processing times by at least 30 percent, cut business costs including customs, regulatory compliance, and unofficial costs by at least 30 percent, and to eliminate at least 30 percent of unnecessary business conditions", he highlighted.

Also at the dialogue, Deputy Chief of Mission for the U.S. Mission in Vietnam Courtney Beale said, U.S. companies have a lot to offer Vietnam. U.S. investments create jobs and drive GDP growth, but beyond that they also support their local communities. They treat workers with respect and help build a skilled workforce that can drive future growth.

 

As global leaders in sectors such as artificial intelligence (AI), cloud computing, blockchain, quantum technology, and digital communications, U.S. firms are uniquely positioned to play a role in helping Vietnam meet the innovation and digital transformation goals laid out in Resolution 57, she added.

According to the diplomat, American companies can also contribute to Vietnam's energy security, with vast knowledge and expertise in oil and gas, LNG, nuclear energy, and renewables.

U.S. companies stand ready to assist with a range of Vietnam's other economic goals, including critical minerals development, infrastructure investment, expanding tourism and aviation, and strengthening the healthcare sector.

"As we celebrate the 30th anniversary of U.S.-Vietnam relations this year, we can reflect on all of our trade and investment successes, but we also acknowledge that there is room for improvement. This goal of continuous improvement is also something we aim to achieve as we implement our commitments under the U.S.-Vietnam Comprehensive Strategic Partnership to find new ways of working together to meet our mutual goals", emphasized Ms. Beale.

At the dialogue, leaders of the American business association, and representatives from 38 major corporations and enterprises—including Meta, Polaris, Amkor, Boeing, Warburg Pincus, and GE Verona—shared their assessments and evaluations of the state of economic cooperation with Vietnam in recent times.

Over the past 20 years, the U.S. has been Vietnam's largest export market, while Vietnam has become the U.S.'s seventh-biggest trading partner and the largest partner in ASEAN.

In 2024, bilateral trade reached nearly $150 billion, with Vietnam exporting $137 billion to the U.S. (19 per cent increase compared to 2023) and the U.S. exporting over $13 billion to Vietnam (33 per cent increase).

In terms of investment, as of the end of 2024, U.S. investors poured $11.94 billion in more than 1,400 projects, ranking 11th among countries and territories investing in Vietnam.

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The Honorable Warren Kaeding, Minister of Trade and Export Development, Government of Saskatchewan, Canada, shares his insights with Vietnam Economic Times / VnEconomy on the potential for cooperation between Vietnam and Saskatchewan, one of Canada’s largest provinces, and highlights how both sides can leverage their respective strengths to enhance collaboration across key sectors.

What makes Vietnam a strategic market for Saskatchewan? What are the key factors driving the growth of bilateral trade cooperation between Vietnam and the province?

Vietnam is a rapidly-growing economy, and we have closely observed its impressive development over the past several years. We believe Saskatchewan can play a valuable role in supporting Vietnam’s continued growth by supplying essential materials crucial to its expanding industries. As an emerging economic powerhouse in Southeast Asia, Vietnam presents significant opportunities for trade, and we are eager to be part of this dynamic market.

One of the key drivers of our bilateral trade cooperation is the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which ensures strong trade relations between our two economies by providing a stable, tariff-free environment; something increasingly vital in today’s global trade landscape. Having such agreements in place strengthens our ability to engage with valuable partners like Vietnam and enhances the mutual economic benefits.

Saskatchewan is well-positioned to contribute to Vietnam’s economic progress, by providing essential commodities and resources that align with the country’s development needs. Through continued collaboration, trade partnerships, and shared economic interests, we aim to build a stronger, long-term relationship that benefits both sides.

Vietnam is one of Canada’s key trade partners in Southeast Asia. What strategies does Saskatchewan have to leverage this strength, expand its market, and increase exports to Vietnam?

We certainly recognize Vietnam’s importance to Saskatchewan’s economy, which is why we have established a trade office in Vietnam. Among our nine international trade offices worldwide, Vietnam holds a particularly significant position. While our initial focus was on agricultural commodities and fertilizer, we see vast potential for expanding trade across various sectors.

Agriculture is a key industry for us. However, Saskatchewan is also rich in critical minerals that play a vital role in global sustainability efforts. These include uranium, potash, gold, diamonds, copper, and helium, all of which present strong opportunities for trade expansion with Vietnam. As industries worldwide transition towards greener and more sustainable practices, we believe our resources can play a crucial role in supporting Vietnam’s economic and environmental goals.

Additionally, there is a growing demand for skilled workers, and we see tremendous potential in strengthening labor mobility between Canada and Vietnam. By fostering closer ties in education and vocational training, we aim to create pathways for skilled labor exchange between our two countries. This will not only support our local industries but also provide Vietnamese workers with opportunities in high-demand sectors. We look forward to strengthening collaboration in education, training, and workforce development to build a globally-competitive workforce that benefits both nations.

How has Saskatchewan developed sustainable agricultural practices, and what lessons can Vietnam learn from its experience?

Agriculture is a cornerstone of Saskatchewan’s economy and remains one of our most significant export sectors, encompassing a wide range of commodities, such as grains, oilseeds, and pulses. Beyond production, we have made substantial investments in agricultural research and innovation to ensure long-term sustainability, improve productivity, and minimize the environmental impact.

One key area we would like to share with Vietnam is our research-driven approach, which has enabled us to develop more efficient and sustainable agricultural practices in both crop cultivation and livestock management. Through advancements in soil health management, precision farming, and climate-resilient crop development, Saskatchewan has increased yields while reducing resource consumption. Similarly, in livestock farming, we have implemented best practices in feed efficiency, waste management, and sustainable grazing techniques to promote environmental responsibility.

We have engaged in valuable discussions with various ministry officials on potential collaboration in agricultural research, technology transfer, and sustainable farming practices. A key focus is reducing the carbon footprint and enhancing sustainability in food production by adopting low-emission farming techniques, improving water efficiency, and utilizing innovative crop rotation methods.

Furthermore, Saskatchewan’s agriculture and agri-food research institutions continue to explore new solutions in crop genetics, pest management, and regenerative farming; advancements that could be highly beneficial for Vietnam’s agricultural sector. Strengthening partnerships between our research institutions and Vietnamese counterparts could foster knowledge exchange and drive long-term improvements in food security and agricultural sustainability.

Can you elaborate on Saskatchewan’s collaboration with Vietnam in the industrial and renewable energy sectors?

We place a strong emphasis on renewable energy and energy security, and recognize that these priorities are just as important to Vietnam as they are to us. We see many opportunities for collaboration and synergies that can help Vietnam advance its energy security goals.

Saskatchewan is fortunate to have vast deposits of high-quality uranium, positioning us as a key player in the global energy transition. As our province works to reduce its reliance on coal and natural gas, we acknowledge that this shift will take time. However, we are actively moving towards nuclear energy as a reliable baseload power source. Significant research and development efforts are already underway in Saskatchewan, with dedicated facilities exploring advancements in nuclear energy.

Additionally, several Saskatchewan-based companies are directly involved in nuclear power, including ownership stakes in nuclear power plants. These companies, along with our research institutions, have accumulated extensive expertise in nuclear energy, and we believe this knowledge and experience can be shared with Vietnam to support its own energy transition. By strengthening cooperation in nuclear energy and other renewable energy sectors, we aim to contribute to Vietnam’s efforts in achieving long-term energy security and sustainability.

Saskatchewan is home to many high-quality universities and training institutions. How do you see the potential for cooperation with Vietnamese universities and educational organizations?

Saskatchewan’s universities and research institutions are at the forefront of innovation in various fields, including carbon capture and utilization, nuclear energy, and other advanced technologies. These institutions play a crucial role in developing sustainable solutions and addressing global challenges. We see significant potential for collaboration with Vietnamese universities and educational organizations, particularly in areas where research and technological advancements can drive long-term economic and environmental benefits for both regions.

One key example is the Vaccine and Infectious Disease Organization (VIDO), which is closely associated with our universities and contributes significantly to global health research, including vaccine development and infectious disease prevention. Partnerships in this field could lead to joint research initiatives and capacity-building efforts that enhance public health resilience in both Saskatchewan and Vietnam.

Beyond scientific research, Saskatchewan also offers expertise in agriculture, environmental sustainability, and technical training, which could be valuable for Vietnam’s workforce development. Collaborative programs, student exchanges, and faculty partnerships could strengthen ties between our educational institutions and foster innovation across multiple sectors.

By deepening academic and research cooperation, we can create opportunities for knowledge transfer, skills development, and groundbreaking discoveries that benefit both countries. We look forward to expanding these partnerships and working together to build a more sustainable and knowledge-driven future.

-Vietnam Economic Times/ VnEconomy

By 2030, the airport will reach a capacity of 3 million passengers per year, with a target of 5 million passengers per year by 2050.

The expansion project of Dong Hoi Airport in central Quang Binh province, with total investment capital estimated at over VND1.8 trillion ($70.4 million), will be further accelerated.

The project includes two compoment projects, covering an expected land area of over 15 ha. The component project 1, which involves the constuction of  Passenger Terminal T2, with investment capital estimated at VND1.75 trillion ($68.45 million), is scheduled to commence on April 30 and expected to be completed in Q4 2026. The component project 2, which involves the expansion of aircraft parking apron from 4 positions to 8 positions, with an investment capital estimated at nearly VND94 billion ($3.67 million), started in last August. 

According to the provincial leaders, Dong Hoi Airport currently has a designed capacity of 500,000 passengers per year but has already exceeded that level by more than 50%. It is projected to reach nearly one million passengers per year by 2025.

According to the plan, by 2030, the airport will reach a capacity of three million passengers per year, with a target of five million passengers per year by 2050. 

 

-Nguyễn Thuấn - Thiên Anh

New orders fall for second month but puchasing activity increases

The Vietnam Manufacturing Purchasing Managers' Index (PMI) in February was below the 50.0 no-change mark for the third consecutive month, despite rising slightly to 49.2 from 48.9 in January, according to the latest report released by the SP Global on March 2.

The latest reading was reflective of a slight deterioration in business conditions over the course of the month. After having fallen for the first time in four months during January, new orders decreased again in February. The rate of contraction was modest but quickened to the fastest since last September. Panellists reported demand weakness both domestically and internationally. Muted export demand was highlighted by a further solid decline in new business from abroad, the fourth reduction in as many months

In line with the picture for new orders, manufacturing production also decreased for the second successive month in February.

Bucking the wider trends across the sector during February, purchasing activity increased slightly. In some cases, rising input buying reflected confidence in the upcoming path of manufacturing output. In fact, business confidence strengthened for the second month in a row to the highest since June last year. Firms hope for stable economic conditions to support an improvement in new orders and thus production growth. Another factor behind the rise in purchasing activity seen in February was a desire to make sure materials were secured amid uncertainty around availability and supply-chain delays.

 

 

-Huyền Vy