Deputy Prime Minister Ho Duc Phoc, Special Envoy of General Secretary To Lam, met with US Secretary of the Treasury Scott Bessent on April 10 as part of the former's working visit to the US.

As part of his on-going working visit to the US, Deputy Prime Minister Ho Duc Phoc, Special Envoy of General Secretary To Lam, on April 10 met with US Secretary of the Treasury Scott Bessent, who has been appointed as the head negotiator for trade talks with Vietnam.  

Deputy PM Phoc spoke highly of the agreement reached by the two countries to initiate negotiations on a reciprocal trade deal, calling on the two sides to begin negotiations to soon reach the deal.

Secretary Scott Bessent said Vietnam has taken positive measures to address the issues concerned by the US, saying that the US Administration has appointed him as head of the negotiating delegation with Vietnam.

He expressed his belief that the two countries would soon reach proper solutions to advance mutually beneficial economic and trade relations, and promised to coordinate closely with Vietnam in the negotiation process.

The same day, Deputy PM Phoc met US Secretary of Commerce Howard Lutnick. Mr. Phoc suggested the US Department of Commerce work closely with relevant Vietnamese ministries and agencies during the negotiation process.

Secretary Howard Lutnick affirmed that the US attaches great importance to the relationship with Vietnam, saying Vietnam is a highly potential economy and an important partner of the US.

He promised to coordinate closely with Vietnam during the negotiation process to reach a deal conducive to the development in both the US and Vietnam.

 

 

-Tiến Dũng

The province is conducting research to develop a project aimed at fostering private economic development based on innovation and science and technology.

Bac Ninh Provincial Party Secretary Nguyen Anh Tuan has directed relevant bodies in the northern province to review, revise, and supplement documents for the implementation of the Politburo's Resolution No. 57-NQ/TW, which focuses on breakthroughs in science and technology development, innovation, and national digital transformation.

The directive also emphasizes the execution of the Government project on developing resident data, electronic identification and authentication applications to serve national digital transformation in the 2022-2025 period, with a vision to 2030 (Project 06) on applying population, identification, and electronic authentication data to national digital transformation.

Accordingly, the province is prioritizing administrative reform, the deployment of online public services, and the promotion of cashless payments. Efforts are also underway to enhance the effectiveness of the single-level Public Administration Service Center model.

For the provincial Concentrated Information Technology Park, investors will be selected with a focus on high-tech enterprises, while ensuring a minimum proportion is reserved for domestic private enterprises.

Additionally, Bac Ninh is conducting research to develop a project aimed at fostering private economic development based on innovation and science and technology.

The province is exploring the establishment of a Science and Technology Support Fund, which would combine state budget funding with mobilized social resources. Priority will be given to supporting private enterprises in the science and technology sector, alongside plans to establish a Startup Support Center.

Scenarios will be reviewed, and a series of activities will be developed to promote cooperation in science and technology, innovation, and digital transformation, further solidifying the province’s commitment to sustainable development and technological advancement.

-Bạch Dương

Vietnam welcomes over 2.05 million foreign tourists in March, a 29% increase compared to the same period last year,

Prime Minister Pham Minh Chinh has asked relevant ministries, agencies and localities to promote tourism development with the aim of gaining the double-digit economic growth.

In an official dispatch issued on April 10, the PM noted that priorities should be given to accelerating tourism promotion, diversifying and improving tourism products and services, accelerating digital transformation and green transition in tourism development, and enhancing accessibility and convenience for tourists.

He also required for studying and applying flexible and convenient visa policies for tourists.

Vietnam welcomed over 2.05 million foreign tourists in March, a 29% increase compared to the same period last year, thus bringing the total international arrivals in the first quarter of 2025 to a new quarterly record of 6 million.

Revenue from travel and tourism services in Q1 2025 was estimated at VND21.5 trillion ($860 million), marking an 18.3 per cent year-on-year increase. 

-Tiến Dũng

The route spans some 159.31 km, passing through Ba Ria - Vung Tau, Dong Nai, Binh Duong, HCMC, and Long An.

Ho Chi Minh City (HCMC) has mapped out plans for the Ring Road 4 project (phase 1) with a total investment capital estimated at  nearly VND123 trillion (over $4.76 billion).

The project documentation is being finalized for submission to the National Assembly for consideration in May 2025.

The Ring Road 4 project begins at Phu My Commune, Tan Thanh District, Ba Ria - Vung Tau Province, and ends at the North-South arterial road in the Hiep Phuoc Port area, Nha Be District, HCMC.

The route spans approximately 159.31 km, passing through HCMC (16.7 km) and the neighboring provinces of Ba Ria - Vung Tau (18.23 km), Dong Nai (46.08 km), Binh Duong (47.95 km), and Long An (78.3 km).

The 47.95 km section in Binh Duong province will be executed independently as a separate investment, under the investment policy approved by the Binh Duong Provincial People's Council.

The total investment capital for the project (phase 1) is over VND122.77 trillion (over $4.76 billion), excluding the section in Binh Duong Province.

-Thanh Thủy

DualKey apartments at TTC Plaza Da Nang offer flexible living and rental potential, meeting rising demand for multifunctional urban spaces. Dubbed “the shining gem in the heart of the coastal city,” TTC Plaza Da Nang is expected to set a new benchmark in urban living by delivering a full suite of amenities in Vietnam’s most livable city.

TTC Plaza Da Nang is shaping up to be more than just another commercial project. With the introduction of DualKey apartments, it aims to bring a new layer of flexibility and functionality to the city’s real estate landscape - offering both practical living solutions and fresh investment potential.

The smart choice for modern investors

Coastal property markets are evolving. Investors today are not only pursuing profitability but also looking for adaptable spaces that combine functionality, privacy, and long-term value. This shift has paved the way for the growing appeal of DualKey apartments - units designed to serve multiple purposes within a single footprint.

First developed in Singapore around 2010, DualKey apartments - also called dual-key units - feature a shared main entrance but divide into two private, self-contained living areas, each with its own kitchen and bathroom. Their flexible design has gained ground in regional markets such as South Korea, Taiwan (China), Hong Kong (China), and across Southeast Asia. This format is well-suited for multigenerational households or owners who want to live in one part while renting out the other. The option to remove the partition wall also means the space can convert into a larger single unit, depending on the owner’s needs.

Though present in major Vietnamese cities like Hanoi and Ho Chi Minh City, DualKey apartments are still relatively limited in supply. TTC Plaza Da Nang is stepping into this gap with 73 such units, creating one of the first significant offerings of its kind in the city. Framed within an “all-in-one” development, these apartments combine residential appeal with commercial potential, pointing to an evolving urban lifestyle in Da Nang.

Location makes a difference

All-in-one living experience at TTC Plaza Da Nang.

Strategically located on the bustling Dien Bien Phu Street, TTC Plaza Da Nang features four premium street-facing facades, directly across from 29/3 Park, known as the “green lung” of the city, and just five minutes from Da Nang International Airport, making it appealing for both residents and tourists. As available land in central Da Nang becomes more scarce, DualKey apartments stand to gain further value, particularly with growing interest in flexible-use properties.

A key value driver of the project is the inclusion of AEON Mall. The well-known Japanese retail brand anchors the development and adds foot traffic and long-term tenant stability—important factors in boosting both residential and rental prospects for the DualKey units.

TTC Plaza Da Nang also includes a four-star hotel operated to TUI SUNEO standards, alongside office space and upscale residences. This integrated approach offers more than just convenience, it creates a lifestyle hub that supports sustainable demand for hybrid-use apartments like DualKey units.

A flexible investment solution in a shifting market

Modern interiors of DualKey apartments at TTC Plaza Da Nang.

Since the pandemic, Vietnam’s property market has moved toward products that serve multiple functions, and DualKey apartments fit that brief. They offer flexibility, dual-use potential, and steady income streams. Among 126 total units at TTC Plaza Da Nang, the 73 DualKey apartments stand out as both practical living spaces and resilient investments.

With solid construction, a central location, and a multi-use development model, these apartments are positioned to meet rising demand for real estate that adapts to changing urban lifestyles and investment preferences.

TTC Plaza Da Nang is currently offering a range of exclusive sales incentives for early buyers. These include a payment discount of up to 9 percent, a complimentary furniture package valued at up to VND300 million ($12,000), and 12-month rental support worth up to VND180 million ($7,200). Early birds can also enjoy a booking bonus of VND20 million ($800), while bulk purchasers are eligible for an additional discount of up to 1.5 percent. Upon handover, buyers will receive a special gift in the form of SJC gold.

TTC Plaza Da Nang is developed by Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land), with Nguyen Kim Da Nang Trading Joint Stock Company as the official investor. For inquiries or further information, interested buyers can contact the project hotline at 0906 379 379.

-Diep Linh

Upon the completion of the Cua Lo Channel Project, large-tonnage vessels would gain access to the deep-water ports.

The People's Committee of the central province of Quang Nam has approved in-principle a proposal from the investor to prepare investment dossiers for the Cua Lo channel project, which encompasses construction of the creek, a bridge connecting the Tam Hiep and Tam Hoa port areas, and a road linking the Viet Han Industrial Park to Vo Chi Cong Road.

Upon completion, the channel can accommodate a vessel up to 50,000 tons to Tam Hiep port in Nui Thanh district.

The project will be executed under a Build-Transfer (BT) contract format with a total investment of VND7.2 trillion (nearly $280 million).

The Provincial People's Committee has assigned Dai Quang Minh Real Estate Investment Joint Stock Company, a subsidiary of THACO Group, to prepare the investment dossier and submit it to the competent authorities for consideration by June 30.

Earlier, during a working session between the Provincial Party Committee and THACO Group in late February, THACO proposed investing in four new projects in Quang Nam, including the Cua Lo channel project.

Nui Thanh District in Quang Nam province is well-suited for the development of a deep-water seaport system. However, siltation in the access channels to Chu Lai International Seaport and Ky Ha Port currently restricts vessels exceeding 20,000 tons from entry.

Mr. Le Van Dung, Chairman of the Quang Nam Provincial People's Committee, expressed optimism that upon the completion of the Cua Lo Channel Project, large-tonnage vessels would gain access to the deep-water ports, facilitating the transport of export goods and accelerating the establishment of a logistics hub in the region.

-Xuân Nghi

Tourism revenue for Q1 was estimated at nearly $182.4 million, a year-on-year increase of 29.3%.

Tourism in Ninh Binh province saw remarkable growth in the first quarter, reported the Provincial Statistics Office.

Visitor arrivals to tourist attractions were estimated at over 4.4 million, marking a 13% increase compared to the first quarter of 2024. Among these, domestic visitors accounted for over 3.8 million arrivals, up 10.1%, while international visitors reached 535.1 thousand, a significant rise of 40.8%.

The total number of guests staying at accommodation establishments in Ninh Binh province was estimated at 801,300, an increase of 27.9%, with total guest nights reaching 852,800, up 21.5%.

Tourism revenue for Q1 was estimated at nearly VND4.7 trillion (nearly $182.4 million), a year-on-year increase of 29.3%.

In Q1, accommodation and food services generated an estimated VND2.946 trillion ($114 million), a 29.0% rise. Revenue from travel services was estimated at VND18.1 billion ($702,000), reflecting a 34.9% decline.

-Nguyễn Thuấn

Focus to be made on issues relating to product origins, non-tariff barriers and intellectual property regulations.

Prime Minister Pham Minh Chinh asked relevant ministries, agencies and localities to effectively resolving issues of concern to US businesses, particularly those relating to product origins, non-tariff barriers and intellectual property regulations, while chairing a meeting between standing cabinet members and leaders of ministries, sectors, and localities on April 10.

They were also instructed to consider increasing purchases of US products that Vietnam has demand, such as liquefied natural gas (LNG) and aircraft.

PM Chinh noted that the US has agreed to initiate negotiations with Vietnam for a reciprocal trade agreement.

He directed the immediate formation of a negotiating team led by the Minister of Industry and Trade to engage with the US on a balanced and sustainable reciprocal trade agreement, laying stress on the need to closely monitor developments and propose timely, flexible and effective adaptation solutions.

The negotiations must also be placed in Vietnam’s global trade relations, including the 17 signed free trade pacts, he said, adding this is also an opportunity for Vietnam to restructure its economy for rapid and sustainable growth, reorganize enterprises, and diversify products, markets, and supply chains.

-Tiến Dũng

Accelerated progress in public infrastructure development has attracted social investment resources, boosting the city's socio-economic development.

The central city of Da Nang's total realized investment capital in the first quarter (Q1) of 2025 reached VND9.773 trillion ($379 million), an increase of over 43% compared to the same period last year.

Of the figure, investment from private sector accounted for over 60%.

The Da Nang Statistics Office attributed the sharp rise in private sector investment capital to the effective utilization of public investment in key projects as a driving force.

Accelerated progress in public infrastructure development has attracted social investment resources, boosting the city's socio-economic development.

Several State-funded infrastructure projects have benefitted from decisive action by the city authorities to address challenges related to site clearance, raw material supply, and disbursement procedures, facilitating faster construction progress. Key examples include the Lien Chieu Port shared infrastructure project, the Coastal Road project connecting Lien Chieu Port, and the Hoa Lien-Tuy Loan expressway section project.

In addition to domestic investment, foreign direct investment (FDI) in Da Nang experienced substantial growth in Q1, reaching VND1.544 billion ($59.86 million), an impressive increase of 80.5% year-on-year. This surge in FDI demonstrates the effectiveness of the city's policy solutions and mechanisms in overcoming obstacles for foreign-invested enterprises.

-Ngô Anh Văn

A better approach has emerged in ensuring that railway projects of all types are completed on schedule.

The sluggish construction of urban metro lines in Vietnam, which have been touted as a means of easing traffic congestion in major cities, along with stalled national railway upgrades, has created ripple effects that hinder the country’s growth and infrastructure development. As urban railway projects struggle with delays and mounting challenges, experts point to limitations in the traditional project management (PM) consulting model. In its place, the project delivery partner (PDP) model is emerging as a more effective solution, especially for large-scale and complex railway developments.

Slow projects

In major cities like Hanoi and Ho Chi Minh City, urban railway projects are seen as a key solution to addressing traffic congestion. However, progress has been significantly slower than planned, with project timelines continuously being pushed back.

The Nhon - Hanoi Railway Station Metro Line, despite multiple adjustments, is still under construction, with underground sections yet to be completed. The latest target for full operation is now 2027; nearly a decade behind its original schedule. Similarly, the Nam Thang Long - Tran Hung Dao Metro Line (Line 2) remains on the drawing board 17 years after the city approved its feasibility study in November 2008, with no breaking of ground in sight. In Ho Chi Minh City, the Ben Thanh - Suoi Tien Metro Line has finally begun operations, but only after numerous delays and adjustments saw it repeatedly miss deadlines.

Beyond urban metro systems, national railway projects, including both upgrades and new projects, are also stagnating. Existing railway lines, even with renovations, still fail to meet the rising demand for transport. Outdated infrastructure, slow travel speeds, and limited capacity have weakened the railway sector’s competitiveness, making it increasingly less attractive compared to other transportation options.

The North-South high-speed railway line, a strategic project already approved by the National Assembly, remains stuck in the research and preparation phase. Given the slow progress of past railway projects, experts are skeptical about whether construction can begin by 2027, as planned.

Vietnam’s persistent delays in railway projects stem from a range of complex challenges. These include difficulties in site clearance, the limited capabilities of some contractors, a lack of coordination in planning and execution, cumbersome legal procedures, and financial constraints. Inefficient project management further exacerbates the situation, leading to extended timelines and cost overruns.

To break this cycle, a more decisive and coordinated approach from the entire political system is needed. According to Mr. Nguyen Trong Nghia, CEO of the Invest Global IC JSC, improving PM is key. “The traditional PM consulting model has exhibited limitations,” he emphasized. “The PDP model is seen as a more effective solution, particularly for large-scale and complex railway projects.”

Comprehensive and flexible solution

The fundamental difference between the two models, he continued, lies in their approach and scope of responsibility. While the PM model primarily focuses on planning, organizing, coordinating, and monitoring progress, the PDP model is more comprehensive, engaging deeply in strategic consulting, technical design, and risk management.

In the implementation of urban railway projects, the PM model often encounters issues such as delays, shortages of highly-specialized personnel, and a lack of experience in EPC (Engineering, Procurement, and Construction) contracts. While the PM approach is suitable for projects with stable processes, it proves less effective when dealing with the complexities and unpredictable changes inherent in railway infrastructure projects.

Conversely, the PDP model fosters close collaboration between stakeholders from the planning phase through to project completion. Rather than simply overseeing progress, PDP actively participates in design, engineering, and risk management, ensuring the project’s overall efficiency. Its flexibility is evident in its ability to adopt various contract management approaches and optimize cost structures, unlike the rigid adherence to traditional PM models.

“One of the PDP model’s greatest advantages is its high level of integration and collaboration,” Mr. Nghia said. “This model facilitates close coordination between the government, construction contractors, consultants, and experts, optimizing project design, management, and execution, thereby reducing completion times. Establishing partnerships also enables swift resolution of emerging issues, enhances transparency and accountability, and strengthens communication and consensus between stakeholders.”

Moreover, PDP ensures project quality and timely execution through a multidisciplinary team of seasoned experts who can devise optimal solutions and respond swiftly to risks. This model also employs comprehensive risk management strategies, helping to anticipate and control unforeseen factors, ensuring the project stays on schedule and within budget.

Another strength of PDP is its adaptability to change. It can integrate advanced construction technologies such as Building Information Modeling (BIM) to optimize design and execution while assisting investors in selecting suitable suppliers and contractors and ensuring compliance with legal regulations.

Ultimately, PDP plays a crucial role in streamlining the development process of railway projects, seamlessly connecting all phases, from design and construction to operation, to ensure service continuity.

Three-tier governance model

Based on the aforementioned advantages and to effectively implement railway projects, Mr. Nghia proposed a three-tier governance model, comprising the Project Steering Committee, the PDP, and the main contractors.

The Project Steering Committee, under the government’s direct authority and chaired by a Deputy Prime Minister, would be responsible for overall project management, capital allocation, investment mobilization, and the selection of the PDP.

The Committee’s members would include both individuals and organizations, such as the Railway Project Management Board, specialized research institutes, real estate developers involved in Transit-Oriented Development (TOD) urban areas, and railway operation entities.

During implementation, the Project Steering Committee would coordinate domestic funding over medium-term periods, attract investment from international financial institutions, such as the World Bank (WB), the Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB), and auction land in TOD station areas to generate financial resources for the project.

The PDP entity, to be established as an independent legal entity through a joint venture of domestic (40 per cent) and international (60 per cent) consultancy firms, would be responsible for master planning, risk management, design verification, and construction supervision.

The main contractors, including EPC general contractors and domestic technology enterprises such as Viettel and VNPT (handling critical components like information and control systems), would be responsible for designing, constructing, and installing systems under a public-private partnership (PPP) model.

This governance model is expected to enhance transparency and efficiency in project management, ensuring the optimal mobilization of financial, human, and technological resources, thereby contributing to the success of railway projects in Vietnam and driving the development of modern transport infrastructure, Mr. Nghia emphasized.

 

 

-Anh Nhi Huynh Dung

The Foreign Ministry Spokesperson on March 10 highlighted the move announced by President Donald Trump as a positive step.

US President Donald Trump’s decision to temporarily pause reciprocal tariffs on imports from over 75 countries, including Vietnam, is a positive step, Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang was quoted by the Vietnam News Agency as stating  on April 10.

The spokesperson made the statement in response to reporters’ question about the ministry' comment and Vietnam's planned actions following the US President’s announcement of a 90-day pause on reciprocal tariffs on April 9.

In line with the spirit of the Comprehensive Strategic Partnership, Vietnam will negotiate with the US a reciprocal trade agreement based on mutual respect, aiming to achieve proper solutions towards fair and sustainable trade that benefit the people and businesses of both countries, she said.

This reflects the spirit of the Vietnam-US Comprehensive Strategic Partnership, as well as the spirit of 30 years of their diplomatic relations, the spokeswoman said.

She added that 2025 marks three decades of diplomatic relations between Vietnam and the US, during which a wide range of commemorative activities, including high-level delegation exchanges, will be held.

 

-Vân Nguyễn

.Mobile technologies and services contribute over $20 bln to Vietnam’s economy

The GSM Association (GSMA) and the Vietnam  Digital Communications Association (VDCA) on April 9 announced a new collaboration to promote co-operation to accelerate Vietnam’s mobile and digital communications ecosystem.

Through the partnership, GSMA and VDCA will focus on exploiting the potential of the mobile ecosystem to support the Vietnamese Government’s Information and Communication Infrastructure Plan 2021-30.

The plan targets to expand broadband infrastructure to cover 99% of the population with 5G networks by 2030, promote environmentally sustainable digital infrastructure, building innovation zones to accelerate technological development, and position Vietnam as a regional hub for network and data security.

GSMA and VDCA will also share technical expertise, promote industry events and convene stakeholders through thought leadership platforms.

Mobile technologies and services contributed over $20 billion to Vietnam’s economy in 2023, according to GSMA.

 

-Hạ Chi

There are only 19 airports and three airport terminals in the world rated 5 stars by Skytrax so far.

The Terminal T2 of the Da Nang International Airport in the central city of Da Nang has been certified as a 5-star terminal by international airport rating agency Skytrax for the second time, according to the Da Nang International Terminal Investment and Operation JSC (AHT).

As of 2025, there were only 19 airports and three airport terminals in the world rated 5 stars by Skytrax.

Amenities highly appreciated by Skytrax include business class lounges, baby strollers, children's play areas, shopping carts, prayer rooms, self-baggage drop and automatic check-in counters.

Skytrax also announced that Da Nang International Airport is the sole representative of Vietnam to be ranked among the top ten best airports in Asia in 2025.

Da Nang continues to invest in developing infrastructure for the airport to meet increasing demand of passengers. A project to expand the Terminal T2 is scheduled to start in September this year.

 

-Ngô Anh Văn

Vietnam’s tourism sees record-breaking growth in Q1 2025, driven by key markets, effective policies, and enhanced visitor experiences.

According to figures released on April 6 by the National Statistics Office (NSO), Vietnam welcomed over 2.05 million foreign tourists in March 2025, a 29 per cent increase compared to the same period last year, thus bringing the total international arrivals in the first quarter of 2025 to a new quarterly record of 6 million.

Fuelled by key markets

In the first quarter, Vietnam welcomed 1.6 million Chinese visitors, the highest number among all foreign tourist arrivals, a year-on-year rise of 78.3 per cent, followed by South Korea with 1.3 million. The data from the NSO also highlighted steady inflows from familiar markets such as Taiwan, Japan, Cambodia, India, the United States, and Australia.

Top 10 source markets for international tourists to Vietnam, Q1 2025 (thousand arrivals). Source: Vietnam National Authority of Tourism

Tourist arrivals from key international markets all showed promising growth. These included  Japan (+26.3 per cent), India (+23.3 per cent),  the United States (+11.3 per cent), Australia (+11.0 per cent), Taiwan (+10.2 per cent), and South Korea (+2.2 per cent).

Meanwhile, Southeast Asian markets also performed well, with Cambodia surging by 105.6 per cent, the Philippines by 95.1 per cent, Laos by 52.7 per cent, Indonesia by 6.9 per cent, and Thailand by 4.7 per cent.

Tourists from European countries continued their upward momentum, in which Russia led the growth with an impressive 110.5 per cent increase, followed by the United Kingdom (+23.5 per cent), France (+28.3 per cent) and Germany (+23.3 per cent).

Following the Government's Resolution No. 11/NQ-CP, dated January 15, 2025, on visa exemption for citizens of Poland, Czech Republic, and Switzerland, tourist arrivals from Poland and Switzerland recorded encouraging year-on-year growth of 52.9 per cent and 14.1 per cent, respectively.

Tourism revenue rises

According to data from the NSO, revenue from travel and tourism services in Q1 2025 was estimated at VND21.5 trillion ($860 million), marking an 18.3 per cent year-on-year increase.  Several localities saw particularly strong tourism performance, in which Hanoi grew the most with an increase of 23.5 per cent, followed by Da Nang (+22.1 per cent) and Quang Ninh (+20.9 per cent).

Mr. Tran Trung Hieu, Deputy Director of the Hanoi Department of Tourism, emphasized that expanding the visa exemption list and extending the permitted temporary stay are important measures with broad economic implications. “This not only strengthens the tourism sector but also supports related industries such as hospitality, food and beverage, and entertainment,” Mr. Hieu shared.

The surge in international and domestic arrivals affirms the effectiveness of Vietnam’s tourism stimulus initiatives, laying a strong foundation for the country to meet its 2025 targets of welcoming 22 to 23 million foreign visitors.

From opportunity to global spotlight

In the context of fierce competition among Southeast Asian countries regarding visa policies and tourism programs, Vietnam should continue to implement comprehensive and synchronized solutions in order not to miss the “golden” opportunity of reaching a tourism revenue of over VND1 quadrillion ($40 billion) in 2025.

According to reports by domestic and international tourism research organizations, Vietnam has several strongly appealing destinations to make the country one of the most searched-for globally and should seize this opportunity to enhance promotion and marketing efforts, especially in potential and emerging markets.

Localities have identified tourism as a spearhead industry that needs to develop professional tourism branding strategies, diversify tourism products, and improve service quality in restaurants and accommodation facilities. In addition, the quality of tourism services and human resources also needs to be elevated through in-depth training in professional skills to communicate fluently with foreign visitors and provide service at higher standards with greater professionalism.

Technology in tourism should also be considered to apply by developing smart tourism applications that integrate information, hotel bookings, transportation, and customer support for a faster and more convenient experience.

Vietnam is now facing a great opportunity to elevate its status on the global tourism map. By addressing the need for open and rational visa policies, upgraded infrastructure, and innovative tourism products and services, the country can truly attract more foreign tourists and encourage repeat travel, moving beyond the label of a “low-cost destination.”

-Cap Mai

The growth showcases the strong recovery and development of the retail and consumer service sector of the southern city.

Ho Chi Minh City (HCMC) recorded total retail sales and consumer service revenue of over VND316.6 trillion (nearly $12.2 billion) in the first quarter of 2025, reflecting a 14.2% increase compared to the same period in 2024.

According to Mr. Nguyen Nguyen Phuong, Deputy Director of the municipal of Industry and Trade, the growth marks a strong recovery and development of the retail and consumer service sector of the southern city.

In March alone, total retail sales and consumer service revenue reached nearly VND109.99 trillion ($4.23 billion), marking an increase of 10.3% month-on-month and 17.5% year-on-year. This growth demonstrates positive signals for the city’s rapid economic recovery.

The city's industrial production also saw remarkable progress, with Index of Industrial Production (IIP) in March rising by 13.1% month-on-month and 8.1% year-on-year. Over the first quarter of 2025, the index grew by 6.8% year-on-year.

Furthermore, the industrial production of three traditional industries expanded by 14.4% compared to Q1 2024. Meanwhile, the consumption index for the entire manufacturing and processing industry reported an 11.2% growth, solidifying the city's industrial resurgence.

According to the City Statistics Office, the results of the Q1 business trend survey indicated significant improvements in the manufacturing and processing industry compared to Q4 2024. Specifically, 20.8% of businesses reported improved conditions, 46.3% noted stability, and 32.9% faced difficulties.

-Hẳng Nguyễn

The Ca Mau – Dat Mui Expressway will span approximately 90 km as the southernmost section of the eastern North - South expressway.

The Government Office has issued a notice on conclusions of the Government's Standing Board on the investment deployment for the expressway from Ca Mau City to Dat Mui in the southern most province of Ca Mau.

The Ministry of National Defence has been tasked with implementing the investment for the expressway project, which is located in Ngoc Hien district. Meanwhile, local authorities have been directed to complete site clearance and ensure construction begins before September 2 this year.

The notice highlights the importance of the expressway, which is intended to create a seamless connection between the North-South Eastern Expressway, Dat Mui, and Hon Khoai Port in Ca Mau province.

The Ministry of Finance is responsible for balancing and allocating investment capital for the project within the 2026-2030 medium-term public investment plan. Funding for preparation and implementation in 2025 will be sourced through reallocations from other unallocated projects and increased state budget revenue in 2024. These adjustments will be reported to competent authorities for consideration and approval according to legal regulations.

The Provincial People's Committee noted the scale and technical complexity of the project, as much of the route traverses wetlands, mangrove forests, canals, and creeks. Weak geological conditions, tidal regimes, and complex hydrology also pose significant challenges to implementation.

As outlined in the National Road Network Master Plan for 2021-2030, with a vision to 2050 (approved by the Prime Minister in Decision No. 12/QD-TTg on January 3, 2025), the Ca Mau – Dat Mui Expressway will span approximately 90 km as the southernmost part of the eastern North - South expressway, which runs from the northern mountainous province of Lang Son to Ca Mau province, with a total length of 2,063 km. The Ca Mau – Dat Mui section is designed as a four-lane expressway, with investment scheduled to be completed before 2030.

-Thanh Thủy

Export activities accounting for the largest share.

Tax agencies issued decisions to refund Value Added Tax (VAT) for businesses totaling nearly over VN29.2 trillion ($1.12 billion) as of March 23 this year, according to the Ministry of Finance.

The figure represents a year-on-year increase of 8%.

In terms of tax-refunded sectors, exports accounted for the largest share, with over VND26.1 trillion (over $1 billion) or 89% of the total, and surging 6% compared to the same period last year.

Meanwhile, investment projects got a refund of more than VND2.92 trillion ($112 million), accounting for 10% of the total and up 39% year-on-year.

 

-Mỹ Văn

The new bidding round invites partners to explore offshore blocks under Vietnam’s updated Law on Petroleum.

Vietnam National Industry - Energy Group (PETROVIETNAM) has officially launched the Vietnam Bid Round (VBR) 2025, inviting qualified companies to participate in bidding for oil and gas exploration and production in offshore Vietnam. The initiative is introduced in alignment with Vietnam’s Law on Petroleum, which offers preferential policies aimed at attracting investment in the sector.

The VBR 2025 covers open blocks located offshore Vietnam, including Block 17 in the Cuu Long Basin, and Blocks 10/11 and 1011-1 in the Nam Con Son Basin.

Interested companies may begin the data review and registration process from 9:00 a.m. on April 15, 2025, until 4:00 p.m. on May 30, 2025, during regular working hours. The issuance of bidding documents will take place between 9:00 a.m. on June 2, 2025, and 12:00 p.m. on June 20, 2025. All bid submissions must be received by 4:00 p.m. on August 1, 2025 (Hanoi time). The bidding process will follow an open tender method.

To participate in the bid, interested parties are requested to submit an Expression of Interest (EOI) to PETROVIETNAM at 18 Lang Ha, Ba Dinh District, Hanoi, Vietnam. Attention should be directed to Dr. Trinh Xuan Cuong, General Manager of the Exploration Division. Inquiries can be sent via email to cuongtx@pvn.vn or by telephone at +84 24 3825 2526 (extension 6601). Fax correspondence may be sent to +84 24 3826 5942.

Upon receiving the Expression of Interest, PETROVIETNAM will provide the necessary documentation and further guidelines for participation. The Group looks forward to engaging with industry partners and facilitating new opportunities in Vietnam’s energy sector.

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Large-scale, sustainable raw material zones will be developed to adapt to climate change and reduce emissions for key products and services.

Under a detailed action plan, signed recently by Minister of Agriculture and Environment Do Duc Duy, outlining the sector's development goals for 2025, including a value-added growth of 4% or higher in the agriculture, forestry, and fisheries industries.

To achieve this target, the ministry has identified several key tasks and solutions, including:

First, accelerating sector restructuring to boost productivity, quality, and product value, while enhancing efficiency in agriculture, forestry, and fisheries. Large-scale, sustainable raw material zones will be developed to adapt to climate change and reduce emissions for key products and services.

Second, building ecological, transparent, and sustainable agricultural systems linked to environmental protection. Production will be reorganized into specialized cultivation zones with geographical indications, traceability, and standardized planting or farming codes to meet market demands. Efforts will also focus on transitioning food systems toward green, low-emission, and sustainable methods through science, technology, and innovation.

Expanding marine aquaculture and implementing sustainable seafood harvesting practices. A priority will be focused on addressing the European Commission’s "yellow card" recommendations by 2025, with stricter measures against illegal fishing.

Third, streamlining administrative procedures to assist businesses and citizens by reducing and simplifying regulations related to investment, production, and business activities.

Fourth, driving technological breakthroughs and promoting agricultural industrialization. This includes improving agricultural product processing, increasing mechanization, and incorporating smart systems, automation, and science into agricultural production and environmental protection.

Fifth, strengthening market access and trade promotion to remove technical and trade barriers. Official export channels will be established for more products to traditional markets like China, the USA, and the EU, as well as in emerging markets such as Islamic countries, the Middle East, and Africa. A focus will be placed on diversifying products and markets.

-Chu Khôi

These efforts will empower businesses, cooperatives, and production facilities to boost efficiency, expand market reach, and enhance productivity.

The People's Committee of the southern province of Dong Nai has unveiled a plan to maintain the province's position among the top 10 localities in Vietnam's E-commerce Business Index (EBI) by 2025.

This objective is outlined in Plan No. 127/KH-UBND, which focuses on fostering e-commerce.

The plan seeks to deepen the integration of e-commerce into business, production, and consumption activities across the province. By implementing innovative solutions, Dong Nai aims to establish e-commerce as an indispensable part of the province's socio-economic development. These efforts will empower businesses, cooperatives, and production facilities to boost efficiency, expand market reach, and enhance productivity.

Plan 127 goes beyond viewing e-commerce as just a modern sales channel. It highlights its role as a key contributor to State management, particularly in areas such as product traceability, brand promotion, rural digital economy development, and the adoption of cutting-edge technologies from the Industry 4.0.

To achieve these goals, the province will focus on updating and improving its legal and policy frameworks to better support e-commerce development. Outdated regulations will be replaced with mechanisms more attuned to the current context and evolving digital landscape.

Dong Nai's foundation for e-commerce advancement is bolstered by its 32 active industrial zones, which have attracted a substantial number of foreign direct investments (FDI) in the information and communication technology (ICT) sector, including projects in the electrical and electronics industries.

-Xuân Nghi