The event aimed at promoting the tech ecosystem in Vietnam.

The Vietnam Blockchain and Artificial Intelligence Week (Super Vietnam 2025) is scheduled to take place in central Da Nang city from June 4 to 6 with the aim of promoting the tech ecosystem in Vietnam, according to an announcement releaseed by the organizer of the event on April 23.

Key activities include a high-level conference on blockchain and AI development, thematic forums on tech trends, enterprise applications, and investment vision, as well as blockchain and AI forums.

A highlight will be the Super Vietnam Expo, which features nearly 50 booths from leading Vietnamese and foreign firms showcasing innovations in blockchain, AI, fintech, gaming, and data technologies.

Besides, the week will host various activities, such as the Super Vietnam PitchFest, a deal-making (business-to-business) connection, a job fair, a tech tour, and a talent incubation program signing ceremony.

The event is expected to attract 7,000 visitors.

 

-Như Quỳnh

As of March this year, Vietnam had 42,760 valid FDI projects, with a total registered capital of $510 billion.

With 42,760 valid foreign direct investment (FDI) projects, and a total capital of $510 billion registered in Vietnam,  accumulatively as of the end of March this year, the country ranks among top 15 countries worldwide in attracting FDI, according Deputy Minister of Finance Do Thanh Trung,

The deputy minister made the statement  when addressing the Vietnam Connect Forum 2025 which was co-hosted in Hanoi on April 23 afternoon by Vietnam Economic Times (VET) and the Institute for Policy and Strategy (under the Party Central Committee’s Policy and Strategy Commission).

However, high-tech sector only accounted for about 5 per cent of the total FDI volume, far below expectations, according to Mr. Trung.

He told the forum that Vietnam can no longer rely on cheap labor or low energy costs to remain competitive, adding that the country needs to transit to a new phase of selective investment attraction,  with a focus on high-tech projects that  employ a skilled workforce and contribute to upgrading the value chain.

According to the deputy minister, a key pillar in enhancing the quality of FDI lies in domestic workforce. Vietnamese workers in FDI enterprises are among the most elite labor sources. Notably, many Vietnamese professionals have taken on key positions in the management structures of foreign enterprises. This demonstrates that Vietnam offers a favorable and suitable environment for FDI businesses.

Deity Minister Trung said that the Vietnamese government has identified institutional reform and administrative modernization as essential prerequisite, and that efforts will be made to accelerate the reform of tax, customs, and investment-related administrative procedures, with a focus on automation, digitalization, transparency, and reducing compliance costs for businesses.

 

-Vân Nguyễn

Monetary and fiscal policies have a key role to play as Vietnam continues to green its economy.

Vietnam’s bold commitment to reaching net-zero emissions by 2050 reflects the strong resolve of the Party and the government to build a green, carbon-neutral economy and actively contribute to global climate action. This commitment is deeply embedded in the National Green Growth Strategy for 2021-2030 and Vision towards 2050. Building a green economy is no longer just a strategic direction or a matter of simple encouragement, it is an inevitable path in today’s global economic landscape. Vietnam must lay out a clear roadmap for greening its economy, with monetary and fiscal policies playing a central role.

Growth driver

Under Decision No. 1658/QD-TTg, issued on October 1, 2021, approving this National Green Growth Strategy, the overarching goal is for green growth to drive economic restructuring while transforming the growth model to achieve economic prosperity, environmental sustainability, and social equity.

The concept of “green growth” has been defined by various international organizations. The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) describes green growth as a strategy for achieving sustainable development. Meanwhile, the World Bank (WB) defines it as an approach that ensures the efficient use of natural resources, minimizes pollution and environmental impact, enhances resilience to natural disasters, and strengthens environmental governance and natural capital management for disaster prevention.

While the vision and direction for developing a green economy are clear, translating them into concrete policies and effective implementation is crucial. Encouraging all economic actors to take action toward this shared goal is essential. Therefore, greening the economy must encompass three key pillars: (i) greening development policies; (ii) greening business management through sustainable projects and eco-friendly products; and (iii) greening lifestyles and consumption.

By prioritizing green growth and sustainable development in its energy transition, Vietnam can access international green financing pledged by developed nations. Notably, the EU committed $15.5 billion in support of Vietnam’s energy transition for green growth.

In the long term, Vietnam is among the countries most affected by global climate change, losing 1.5 per cent of its GDP annually, according to WB estimates. Successfully implementing green growth and sustainable development strategies will bring substantial benefits to the country. Now is the optimal time to promote a green economy and green growth, fostering new momentum for Vietnam’s economic expansion in the years ahead.

Focus on monetary policy

Establishing policy mechanisms to encourage green economic development is a fundamental pillar, serving both as a guiding force and a decisive factor for sustainable growth. This pillar must be prioritized for greening first.

Monetary policy, along with broader financial and resource mobilization strategies, plays a crucial role in channeling capital, natural resources, and human effort towards green growth. Key policies in this framework include green monetary policy, green fiscal policy, green energy policy, green transport policy, and green construction policy.

Vietnam has already laid the groundwork for this approach, as seen in Decision No. 403/QD-TTg dated March 20, 2014, which assigned specific tasks to various ministries under the National Action Plan for Green Growth for the 2014-2020 period. Among sectoral policies requiring greening, monetary and fiscal policies are the most critical. A structured roadmap and concrete measures are essential to incentivize economic resources for green growth using policy instruments.

For instance, the State Bank of Vietnam (SBV) can support commercial banks that provide medium and long-term green loans or hold highly-rated green bonds by offering refinancing options or discounting these bonds at preferential rates, such as a 0.5 per cent annual reduction. This would improve liquidity for banks while indirectly lowering interest rates on green projects.

Another approach is adjusting reserve requirements. Just as the SBV has previously reduced reserve ratios for banks with significant agricultural loan portfolios, it could introduce similar incentives for banks with a high proportion of green loans. This would encourage banks to allocate more funds to green projects and sustainable production.

A legal framework already exists to support these policies. Article 10 and Article 11 of the 2010 Law on the State Bank of Vietnam, along with Clause 5, Article 149 of the 2020 Law on Environmental Protection, clearly mandate the government to establish green credit policies. Accordingly, the SBV could propose the creation of a Green Refinancing Fund.

Through monetary policy, the government can channel resources into green projects and sustainable production by lowering refinancing rates and extending long-term funding to commercial banks. Additionally, reducing reserve requirements for banks heavily involved in green lending would free up capital for further investment in green growth.

A significant step forward would be establishing a Green Refinancing Fund sourced from foreign exchange reserves. Globally, central banks in Bangladesh, China, and India have implemented similar measures, such as Bangladesh’s $200 million Green Refinancing Fund and mandatory green lending quotas in China and India, starting at 5 per cent and increasing over time.

By adopting similar policies, Vietnam can effectively transmit its green growth agenda from financial institutions to businesses and the broader economy. With foreign exchange reserves exceeding $100 billion, allocating $500 million or more to a Green Refinancing Fund is both financially viable and legally feasible.

Indispensable role

On the journey towards a green economy, the crucial role of fiscal policy cannot be overlooked, alongside other supporting policies.

Vietnam’s experience with fixed electricity prices for solar energy highlights the need for a more market-oriented approach, with careful assessments and implementation roadmaps to prevent misuse.

Public procurement regulations could also promote green businesses. Companies bidding for government projects could receive additional points - at least 10, depending on the evaluation system - to help green manufacturers compete with non-green suppliers. If two bidders receive the same score, priority should be given to the green supplier.

Each ministry and sector should establish targeted policies to guide businesses and consumers towards green economic growth. Vietnamese enterprises, for example, must gradually increase transparency regarding energy sources, without which exports could face carbon taxes, making them less competitive globally.

Moreover, failing to ensure clean energy usage could deter major multinational corporations from investing in Vietnam, as they require sustainable energy sources to support global exports. The EU has already set a three-year timeline for such regulations, while the US and South American countries like those in the Caribbean may enforce them immediately upon legal adoption. This underscores the urgent need for the government to institutionalize sector-specific green policies.

Beyond monetary and fiscal policies, a truly green economy also requires sustainable corporate governance and conscious consumer behavior.

The Ministry of Natural Resources and Environment, now the Ministry of Agriculture and Environment, has drafted new recycling cost regulations aimed at efficiency and environmental protection. This makes it imperative for businesses to adopt circular economy models or sustainable production systems that emphasize clean inputs and eco-friendly outputs.

Beyond green production, sustainable economic development requires adherence to ESG (environmental, social, and governance) principles and alignment with the 17 United Nations Sustainable Development Goals (SDGs) Vietnam has committed to. These commitments should translate into concrete green business practices at the micro level.

To foster green lifestyles and consumption, the government must launch strong awareness campaigns to encourage people to become smart consumers, seeking out certified green products that protect both the environment and personal health. This shift must extend beyond households to government offices and workplaces. Additionally, public awareness should lead to boycotting non-eco-friendly products, including those from companies engaged in “greenwashing”.

 

Vietnam has enacted the Law on Supporting Small and Medium Enterprises and Decree No. 80/2021/ND-CP, which provides guidance on implementing the law. These regulations offer support for consulting and training costs related to corporate governance and management development, as well as governance and audit consulting for businesses. However, most enterprises have been unable to access these benefits due to overly complex procedures. Moving forward, these policies must be made more transparent, administrative procedures streamlined, and unnecessary bureaucratic barriers removed to ensure businesses can effectively access the support they need.

 

(*)Dr. Pham Xuan Hoe is the General Secretary of the Vietnam Leasing Association and former Deputy Director of the Banking Strategy Institute

 

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-By Dr. Pham Xuan Hoe (*)

The U.S. Department of Commerce on April 21 announced that it would be imposing tariffs on solar panels imported from four Southeast Asian countries, including Vietnam.

Vietnam is ready to engage in dialogue with the U.S. following the latter’s announcement of steep tariffs on solar panels imported from four countries in Southeast Asia, including Vietnam, the Government News quoted Spokesperson of the Ministry of Foreign Affairs Pham Thu Hang as stating at a press conference in Hanoi on April 24.

Vietnam is willing to work with relevant U.S. authorities to resolve the matter, ensuring that all information is reviewed in an objective and fair manner and in line with international practices, thereby promoting bilateral cooperation in economy, trade, and investment, the spokesperson said.

"We remain committed to fostering trade activities in a fair and transparent manner, while safeguarding the legitimate rights and interests of businesses operating in Vietnam," she stressed.

The U.S. Department of Commerce on April 21 announced that it would be imposing tariffs on solar panels imported from four Southeast Asian countries, including Vietnam. The average tariff rate for Vietnamese firms is expected to be around 395.9 per cent, with some companies facing potential duties of up to 800 per cent.

-Phạm Long

[11] Some 400 exhibitors from many countries and territories attending the event. Tóm tắt

The Global Sourcing Fair Vietnam 2025 opened in Ho Chi Minh City on April 24,  with 500 booths showcased by  400 domestic and foreign exhibitors.

In addition to domestic participants, foreign exhibitors  mainly came from India, Hong Kong (China), Bangladesh, the Philippines, the Republic of Korea (RoK), and the Netherlands.

During the three-day event, which has been co-organized by VINEXAD and Global Sources of Hong Kong (China), nearly 30,000 export-standard products are displayed, covering key sectors including fashion and accessories, home decor and gifts, and consumer electronics.

The fair is expected to welcome over 10,000 buyers, sourcing agents, and retailers from major markets such as the US, Canada, Germany, France, Spain, the UK, the Middle East, the UAE, China, Japan, and the Republic of Korea.

 

 

-Vân Nguyễn

The province has set an ambitious target of completing at least 13,787 apartments between 2021 and 2030.

In 2025,  the central province of Thanh Hoa is set to finalize investment policy approvals, launch bidding processes to select investors, and begin implementing eight new projects as part of its broader social housing initiative.

The province has set an ambitious target of completing at least 13,787 apartments between 2021 and 2030, including approximately 6,287 units in the 2021–2025 phase and around 7,500 units in the 2026–2030 phase.

To date, the Provincial People's Committee has listed 27 social housing projects, of which 13 are currently under construction, while 14 still require investor selection.

To facilitate investment, the Provincial People's Council has issued a resolution identifying 14 social housing land plots requiring competitive bidding for land-use investment projects. It is expected that in 2025, investment policy approvals will be completed, with bidding processes launched to select investors for eight out of the 14 projects.

Most recently, the Provincial People's Committee approved the investment policy for a Social Housing Project in Quang Thanh Ward, Thanh Hoa City, through an investor bidding process.

This project, with a total investment of over VND1.4 trillion ($53.76 million), will span approximately 6,342 sq.m and provide 734 apartments, accommodating an estimated 2,000 residents.

-Nguyễn Thuấn

Total tourism revenue in Q1 reached over $506 million, reflecting a 28% growth year-over-year.

Quang Ninh province has set an ambitious goal of welcoming 5.3 million visitors and generating over VND14.72 trillion (over $565 million) in tourism revenue in the second quarter of 2025.

In the first quarter of the year, the province recorded nearly 5.7 million visitors, a 6% increase compared to the same period in 2024. The number of international visitors reached 1.17 million, while overnight stays totaled 1.18 million, marking a 22% rise. Total tourism revenue in Q1 reached VND13.18 trillion (over $506 million), reflecting a 28% growth year-over-year.

This tourism season, Quang Ninh is capitalizing on its strengths in marine and island tourism, particularly catering to the high-end tourist segment exploring Ha Long Bay and Bai Tu Long Bay.

Currently, approximately 500 licensed tourist boats operate in the bays, well-equipped to accommodate marine and island tourists, who account for about 20% of the province’s total visitors—a number that continues to grow annually.

In addition to hosting large-scale tourism events, Quang Ninh is actively implementing measures to ensure safety for visitors.

At key tourist destinations such as Ha Long, Uong Bi, Van Don, Co To, and Mong Cai, local authorities have tightened regulations on product origin and food safety, ensuring hygienic standards are met. Additionally, market management teams have stepped up inspections to enforce price transparency at business and service establishments.

Hotels, guesthouses, and other service providers have signed commitments to publicly list and adhere to their pricing policies. Dedicated 24/7 market management teams are in place to receive and respond to tourist feedback, ensuring prompt resolution of violations.

-Trương Quốc Cường

The projected double-track railway is planned to span approximately 1,541 km, with a design speed of 350 km/h and an axle load of 22.5 tons.

The Government has directed ministries, sectors, and localities to finalize institutional frameworks and expedite key tasks to ensure the groundbreaking of the North-South high-speed railway project by December 31, 2026.

This directive is outlined in a newly-issued resolution, detailing the implementation plan for the National Assembly’s Resolution No. 172/2024/QH15, approving the project's investment policy.

The projected double-track railway is planned to span approximately 1,541 km from Hanoi to Ho Chi Minh City, with a design speed of 350 km/h and an axle load of 22.5 tons.

The project will include 23 passenger stations and 5 freight stations, along with investment in vehicles and equipment for passenger transport. It will be designed to meet dual-use requirements for national defense and security, while also allowing for freight transport when needed.

As a national key project, the North-South high-speed railway is Vietnam’s first large-scale high-speed rail initiative, requiring advanced technology and rapid implementation. Given its urgency, the National Assembly approved the application of special mechanisms and policies to streamline the project's development.

In terms of transit-oriented development (TOD), the Government has urged localities to collaborate with the Ministry of Construction to review and adjust urban planning around high-speed railway stations. This includes modifying planning indicators, architectural designs, technical and social infrastructure, if necessary, to support land fund exploitation projects aligned with TOD principles.

Additionally, local authorities are tasked with developing and approving TOD-based land fund projects, allocating budget resources for compensation, resettlement, and land fund creation for auction, to facilitate sustainable urban development around railway hubs.

-Thanh Thủy

AIA Vietnam was honored at the Golden Dragon Awards 2025 for its health-focused insurance, reaffirming its commitment to customer wellness.

AIA (Vietnam) Life Insurance Company Limited ("AIA Vietnam") is proud to be honored at the Golden Dragon Awards 2025 with the title of Leading Life Insurance Health-Focused Product. This marks the 11th time AIA Vietnam has received this prestigious recognition, affirming the company’s strong focus on products and services that enhance public health and drive sustainable development.

The Golden Dragon Awards is an annual initiative organized by Vietnam Economic Times / VnEconomy / Tap chi Kinh te Viet Nam in coordination with ministries and local authorities to honor outstanding foreign-invested enterprises (FDIs) that have demonstrated innovation, improved service quality, and contributed significantly to Vietnam’s socio-economic development.

Pioneering health and wellness with comprehensive products and services

AIA Vietnam is one of the leading life insurance companies, pioneering the development of a health-focused ecosystem that supports customers’ physical, mental, and financial well-being. One of the key initiatives is AIA Vitality, a program encouraging customers to maintain healthy lifestyles through regular exercise, balanced diets, and routine health check-ups.

Additionally, AIA Vietnam collaborates with Teladoc Health, a global leader in telemedicine, to offer the Medical Companion Service, supporting customers throughout the diagnosis and treatment of cancer and critical illnesses.

AIA Vietnam also introduced Bung Gia Luc, a comprehensive health insurance solution designed for families to meet the rising demand for healthcare protection. The plan covers maternity, inpatient and day-case treatment, emergency care, and cancer treatment. Optional outpatient and dental care benefits are also available.

To further optimize the health insurance experience, AIA Vietnam launched its Digital Health Services (DHS) – a strategic initiative to enhance the claims experience and proactively care for health insurance policyholders. After nearly one year of implementation, AIA Vietnam has established a network of over 410 medical partners offering cashless hospitalization. This network will continue to expand to meet increasing customer needs.

In line with its commitment, AIA Vietnam continues to strengthen its solid financial foundation through efficient business operations and sustainable investment strategies, ensuring lasting value and financial protection for customers.

A 25-year journey of building financial strength

Throughout its 25-year journey in Vietnam, AIA Vietnam has placed customers at the center and committed to long-term partnerships. As of the end of March 2025, the company serves more than 1.6 million policyholders through a nationwide network of over 200 offices. AIA Vietnam has disbursed more than VND15 trillion ($600 million) in policy benefits and claims to date. Between 2022 and 2024 alone, AIA Vietnam settled more than 630,000 life insurance claims, disbursing nearly VND6 trillion ($240 million) — averaging over 200,000 claims and almost VND2 trillion ($80 million) in benefits per year.

With a current solvency margin ratio of 191 per cent and total assets of VND67.557 trillion ($2.7 billion), AIA Vietnam maintains a strong financial position to fulfill its commitments and ensure customer financial security.

Enhancing customer experience with digital innovation

Recognizing the importance of technology in enhancing customer experience, AIA Vietnam has invested heavily in digital solutions to develop a customer-centric digital ecosystem. One notable innovation is the AIA+ app, which allows customers to easily manage policies, monitor benefits, and update their information.

AIA Vietnam is among the top insurance companies to integrate artificial intelligence (AI) into its claims assessment process. Today, 100 per cent of AIA Vietnam customers can submit claims online through iClaim on the AIA+ app. Customers can complete claims in as little as five minutes with just an internet-connected device.

Despite ongoing market challenges, AIA Vietnam remains steadfast in its mission: to protect customers, inspire healthier lives, and build sustainable financial futures. This is the journey of Healthier, Longer, Better Lives that AIA proudly champions.

-Diep Linh

Total investment capital estimated at mỏe than VND55 trillion (over $2.1 billion).

Authorities of central Thanh Hoa province have announced a decision to reopen bidding for the Nghi Son LNG-fired power plant project, with a total investment capital estimated at more than VND55 trillion (over $2.1 billion).

The bidding invitation documents are issued from April 8 to June 10 this year.

Earlier this year, the province had to cancel the bidding due to updated legal frameworks.

Nghi Son LNG-fired power plant has a capacity of 1,500 MW.

Located to the south of Nghi Son port in Thanh Hoa province, the project will cover 68 ha, featuring the power plant, a warehouse, a regasification system, a wharf, and a ship anchoring zone.

Commercial operation is scheduled to begin prior to 2030.

Currently, there are five bidders, including a joint venture between Japan’s JERA Co Inc. and Vietnam’s Sovico Group; a consortium of the Korea Southern Power Company (KOSPO), the Korea Gas Corporation (KOGAS), the Daewoo Engineering Construction Group (Daewoo EC), and the Anh Phat Construction and Trading Investment JSC (APT); Thailand’s Gulf Energy Development Public Co Ltd; South Korea’s SK Es Co Ltd; and a joint venture between the Vietnam Oil and Gas Power Corporation (PV Power) and the TT Group JSC (TT Group).

 

-Thiên Anh

The rankings are based primarily on compound annual revenue growth, alongside indicators of corporate social responsibility.

The 2025 FAST500, a list of Vietnam’s 500 fastest-growing enterprises, was announced in Hanoi on April 24 by Vietnam Report JSC and VietNamNet newspaper, according to a report from  the Vietnam News Agency.

It honors businesses that are thriving and making strong contributions to Vietnam’s economic development.

The rankings are based primarily on compound annual revenue growth, alongside indicators of corporate social responsibility.

The top 10 in the list are prominent names such as Ngan Tin Investment Group JSC, FPT Long Chau Pharmaceutical JSC, Nam A Information Technology JSC, Stellapharm J.V. JSC, Taseco Real Estate Investment JSC, Binh Thuan Plastics Group JSC, Petro Times JSC, Vitadairy Vietnam JSC, Searefico Engineering and Construction JSC, and Viet Thanh Plastic Trading and Manufacturing JSC.

Organisers also announced the FAST RISING 100, recognizing a group of “rising star” enterprises with high potential for breakthrough growth. These include businesses with sustainable growth, rapid expansion, or outstanding recovery performance.

 

 

-Vân Nguyễn

Vietcombank will arrange finance for the airline for prepayments and long-term loans during the 2026-2032 period.

National flag-carrier Vietnam Airlines on April 23 signed a Memorandum of Understanding (MoU) with State-owned commercial bank Vietcombank to purchase 50 narrow-body aircraft. 

Under the MoU, Vietcombank will arrange finance for Vietnam Airlines for prepayments and long-term loans during the 2026-2032 period.

The agreement is part of Vietnam Airlines fleet building strategy over the next decade with the aim of significantly bolstering its operational capabilities for 2040.

Vietcombank’s investment will allow the airline to expand its short and medium-haul network domestically and regionally (in Southeast and Northeast Asia). 

The cooperation is expected to contribute to promoting transport infrastructure development and enhancing Vietnam’s connection with the region and the world.

 

-Đan Tiên

The digital economy is projected to account for at least 30% of the national GDP.

Prime Minister Pham Minh Chinh on April 24 launched a national emulation movement on innovation and digital transformation.

Addressing the launching ceremony, PM Chinh stressed that Vietnam must strongly develop and apply science and technology, and proactively promote innovation and digital transformation to create fresh momentum and open up new development spaces.

To successfully achieve the goal of becoming upper middle-income country with a modern industrial base by 2030, and high-income developed one by 2045, Vietnam must demonstrate greater determination and take more decisive actions in this work, he said.

Vietnam targets to achieve advanced capacity in science, technology, and innovation across key sectors, ranking among the leading upper-middle-income countries, according to the PM.

The digital economy is projected to account for at least 30% of the national GDP. More than 80% of citizens and businesses are expected to use online public services; and digital infrastructure will be advanced, high-capacity, and ultra-broadband, comparable to that of developed nations.

-Bạch Dương

Electricity demand in 2025 is forecast to grow 12.2% year-on-year.

Prime Minister Pham Minh Chinh on April 23 signed a dispatch on implementing drastic, concerted and effective solutions to ensure the supply of electricity during the peak period of 2025 and the coming years.

The PM requested the Minister of Industry and Trade to urgently organize the implementation of the revised National Power Development Plan for 2021 - 2030 with a vision to 2050 (PDP8) . The minister is responsible to the Government and the Prime Minister for ensuring an adequate electricity supply to serve production, business activities, and the daily life of the people.

The PM asked relevant ministries, agencies and localities to ensure water storage and adequate coal and gas supply for hydroelectric plants, coal-fired thermal power plants, and gas-fired thermal power plants.

He also encouraged the exploitation of solar and wind power plants, as well as required to speed up the implementation of power projects, particularly the Nhon Trach 3 and 4 Thermal Power Plants in the southern province of Dong Nai, with a combined capacity of 1,624 MW. 

The electricity demand in 2025 is forecast to grow by up to 12.2% year-on-year, higher than the 10.1% increase recorded in 2024. The national peak load is expected to reach 54,510 MW, up 11.3% year-on-year. 

 

-Thi Nguyễn

Exports to certain other markets, including the Netherlands and Japan, experienced growth, reflecting initial success in diversifying export markets.

In the first quarter of 2025, the United States, the Netherlands, and China remained the top three markets for Vietnamese cashew exports, holding market shares of 22.7%, 11.2%, and 9.8%, respectively.

Compared to the same period last year, cashew exports to the US declined by 14.5%, while shipments to China fell by 25.6% in volume and 16% in value.

In contrast, exports to certain other markets, including the Netherlands and Japan, experienced growth, reflecting initial success in diversifying export markets. Particularly notable was the 43.5% increase in cashew export value to the Netherlands.

Despite the sharp decline in Q1 exports, industry experts and businesses remain optimistic, expecting a recovery in the coming quarters as the new harvest season begins and consumer demand picks up.

Looking at national markets, the US remains Vietnam’s largest cashew importer, accounting for $1.1 billion, or 25.1% of total export value. China ranks second, with value of $687.84 million. Additionally, Vietnam’s cashew industry continues to effectively tap into the EU market, with exports to the Netherlands, Germany, and Spain showing positive growth.

"Over the past decade, the US has consistently been Vietnam’s top market for cashew exports, accounting for around 25–27% of the latter's total export turnover, followed by China with 20%, and the EU at approximately 17–18%. If the US imposes higher tariffs on cashew nuts, export volumes to this market will undoubtedly decline. In that scenario, the US may no longer be an attractive destination for Vietnamese businesses," said Mr. Tran Van Hiep, Vice Chairman of the Vietnam Cashew Association (VINACAS).

"Beyond the US, our cashew exporters also serve other markets. While higher tariffs pose immediate challenges, especially for businesses heavily dependent on the US market, this situation also creates opportunities for diversification and expansion," Mr. Hiep added.

According to Mr. Hiep, the Middle East is emerging as a promising market, with rising demand for cashews. Over the past two years, the region has become a key growth driver for Vietnam’s cashew industry. With a strong market strategy, Vietnam can potentially offset losses from the US market.

"The Vietnam Cashew Association has set an export revenue target of $4.5 billion for 2025. To achieve this goal, cashew processors must focus on three key pillars: improving product quality, diversifying markets, and strengthening trade promotion," said Mr. Nguyen Minh Hoa, Vice Chairman of VINACAS.

-Chu Khôi

Under the new proposal, more goods and services such as information technology, coke, oil and gas are subject to VAT reduction policy.

The Government on April 23 proposed the National Assembly to further extend the current value-added tax (VAT) cut policy until next year's end in support of businesses, the Government News has reported.

The Government also asked the legislative body to expand VAT reduction policy to cover other goods and services such as information technology, coke, oil and gas.

Earlier, the National Assembly had decided to reduce VAT to 8% from 10% on certain types of goods and services, applicable from 2022 to July 1, 2025, except for the following groups of goods and services:

- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products.

- Goods and services subject to special consumption tax.

- Information technology according to the law on information technology.

 

 

-Vân Nguyễn

LOTTE Vietnam Shopping Joint Stock Company (LOTTE Mart) was listed among the Top 10 Sustainable Development Foreign-Invested Enterprises (FIEs) at the Golden Dragon Awards 2025 ceremony. Mr. Shin JuBack, General Director of LOTTE Mart Vietnam, represented the company in receiving the Top 10 Sustainable Development FIEs in Vietnam 2024–2025 award.  

As part of the Golden Dragon Awards 2025, Vietnam Economic Times / VnEconomy / Tap chi Kinh te Viet Nam recently named LOTTE Mart among the Top 10 Sustainable Development FIEs in Vietnam for 2024–2025. The award honors businesses for their commitment to sustainable development, outstanding operational performance, and meaningful contributions to the country’s economy.

Prestigious award

LOTTE Mart Vietnam’s representative shared: “With a commitment to sustainable growth and building a green-clean-beautiful Vietnam, over the years, we have continuously implemented environmental initiatives and encouraged partners and customers to join us. The Golden Dragon Award 2025 recognizes our efforts in transforming consumer habits and advancing positive business development in the Vietnamese market.”

For over 23 consecutive years, the Golden Dragon Awards have surveyed, evaluated, and honored thousands of FDI enterprises that operate efficiently, pioneer innovation, lead new trends, and contribute significantly to the socio-economic development of both localities and Vietnam as a whole.

Honored enterprises are those demonstrating effective operations, innovation, and strong efforts in digital transformation, green growth, and sustainable development.  

LOTTE Mart opened its first supermarket branch in District 7, Ho Chi Minh City, in 2008. Since then, the Korean retailer has played a pioneering role in bringing modern shopping experiences to Vietnamese consumers by continuously upgrading shopping spaces, expanding multi-channel services, and improving product and service quality. Currently, LOTTE Mart operates a chain of 15 shopping centers in major cities across the country, including Hanoi, Ho Chi Minh City, Da Nang, Nha Trang, Vung Tau, Can Tho, and Vinh. All LOTTE Mart supermarkets are invested with luxurious, modern shopping spaces, becoming popular destinations for shopping, entertainment, and leisure.

Efforts for sustainability

Creating sustainable value for the community and society has always been one of LOTTE Mart’s core operating principles in Vietnam. The company has continuously promoted a humanitarian spirit through various meaningful initiatives, contributing to improved quality of life and the shared goal of building a prosperous, sustainably developing Vietnam.

Currently, LOTTE Mart is implementing several environmental protection programs. Notably, the “Small Action – Big Change” program encourages consumers to use reusable bags by offering incentives such as free eco-bags or bonus points for eligible LOTTE Mart members.

LOTTE Mart is striving to change consumer behavior toward a greener lifestyle.  

An exemplary initiative is the adoption of electronic invoices. Instead of receiving paper invoices, members can easily access and review their purchase history via the LOTTE Mart Online application. This not only enhances the digital shopping experience but also reinforces the company’s commitment to environmental protection and achieving sustainable development goals in Vietnam.

Beyond serving millions of customers and contributing to the economy, LOTTE Mart views community responsibility as a long-term mission. In times of national need, the company consistently delivers timely and meaningful contributions. A notable example is when LOTTE Mart, alongside the LOTTE Group, donated over VND7 billion ($280,000) through the Vietnam Fatherland Front Committee to hospitals and localities during the peak of the Covid-19 pandemic. In 2024, LOTTE Mart and 18 other LOTTE Group member companies contributed an additional VND3 billion ($120,000) to support communities affected by Typhoon No. 3.

-Diep Linh

The project spans nearly four hectares, with a designed capacity of 140 MW and approximately 10,000 racks.

The Viettel Military Industry and Telecoms Group on April 23 commenced construction of a high-tech data center and research development hub  which spans 4 ha at Tan Phu Trung Industrial Park, in Cu Chi district, Ho Chi Minh City.

With a designed power capacity of 140 MW and approximately 10,000 racks, this data center becomes the first data center with a power capacity exceeding 100MW in Vietnam and is ranked among top 10 in Southeast Asia in terms of capacity.

Speaking at the groundbreaking ceremony, Vice Chairman of the City People’s Committee Vo Van Hoan emphasized that the facility—combining data storage services and high-tech research development—is one of the largest projects of its kind in the region.

“The launch of this super-scale data center in Cu Chi is not only a strategic milestone for Viettel but also a significant driving force for the city in developing digital infrastructure, smart urban systems, and digital governance,” Mr. Hoan stated.

“The center will accelerate the adoption of advanced technologies such as AI, 5G networks, cloud computing, IoT, blockchain, cybersecurity, and Big Data. Furthermore, it will contribute to innovation ecosystem development, enhance digital workforce quality, and create high-value jobs to support the city's digital and social economy."

Major General Tao Duc Thang, Chairman and CEO of Viettel Group, highlighted that the super-scale data center at Tan Phu Trung Industrial Park is a strategic component in Viettel’s broader digital infrastructure landscape.

Alongside Viettel’s 15 existing data centers in Hanoi, Da Nang, Ho Chi Minh City, and Binh Duong, this facility is part of a comprehensive ecosystem where data is securely stored, transmitted, processed, and protected.

-Minh Hà

The average primary price was recorded at VND79 million ($3,038) per sq.m.

The primary apartment market in Hanoi continued its upward pricing trend in the first quarter of 2025, according to the latest report by consultancy Savills Vietnam.

The average primary price was recorded at VND79 million ($3,038) per sq.m, up 5% quarter-on-quarter and a significant year-on-year increase of 32%.

Over the past five years, the average annual growth rate for Hanoi's primary apartment prices has been an impressive 22%, highlighting the strong capital appreciation potential of the capital city’s real estate market, the report shows. By area, Dong Anh district saw the most substantial growth, with an average price increase of 42%, followed by Tay Ho district with an annual growth rate of 40%.

However, the average secondary apartment price in the first quarter was VND60 million ($2,307) per sq.m, slightly down 1% quarter-on-quarter.

The report also shows that in the first three months of the year, Hanoi’s new apartment market recorded a significant decline in supply, reaching 7,940 units, down 39% quarter-on-quarter.

The outlook for Hanoi's  apartment market in the 2025–2026 period reveals notable prospects for new supply. In 2025, the market is projected to welcome approximately 7,400 newly launched apartments.

 

 

 

 

-Phan Dương

SYRE plans to establish major recycling complexes in key global regions, with Vietnam identified as a strategic location.

At a meeting with Prime Minister Pham Minh Chinh on April 23, Ms. Susanna Campbell, Chairwoman of Sweden-based SYRE Group, announced that the company plans to invest approximately $1 billion in a textile recycling complex in South-central Binh Dinh province.

A subsidiary of fashion retailer HM Group and tech investment firm Vaảga, SYRE specializes in recycling textile waste and aims to build a global circular textile ecosystem through large-scale, high-tech recycling hubs powered by renewable energy.

The planned polyester textile recycling complex is designed with an annual capacity of up to 250,000 tons. The project is scheduled to begin operations by the end of 2028, with the ambition of making Vietnam the world’s first high-tech, circular textile hub that meets both U.S. and EU standards.

According to Ms. Campbell, SYRE plans to establish major recycling complexes in key global regions, with Vietnam identified as a strategic location.

During the meeting, Prime Minister Pham Minh Chinh praised the project for its alignment with green and clean production principles and its focus on recycling textile waste, contributing positively to environmental protection. He emphasized that SYRE's investment fits with Vietnam’s broader development orientation of diversifying markets, products, and supply chains to adapt to evolving global challenges.

The Prime Minister noted that Binh Dinh offers an excellent investment environment, already established as a center for clean energy—including wind and solar power—and equipped with well-developed infrastructure, including expressways, an international airport, and a deep-sea port. The province also benefits from favorable climate and environmental conditions.

He requested close cooperation between SYRE, Binh Dinh authorities, and relevant ministries throughout the project's implementation. He also instructed the Ministries of Finance, Industry and Trade, and Agriculture and Environment to provide procedural guidance and assist the local government in resolving any issues faced by the investor.

Prime Minister Chinh further urged SYRE to prioritize using domestic green materials such as lotus fiber and jute, and to explore the use of fabric scraps and discarded clothing generated within Vietnam as input materials for production.

In response, Ms. Campbell and SYRE executives expressed strong confidence in Vietnam’s potential to become a global leader in circular economy development. They stated that Vietnam was selected as a strategic investment destination due to its growing green energy sector and strong textile industry. SYRE committed to maximizing the use of local materials and strengthening domestic supply chains and production.

Also at the meeting, Swedish Ambassador Johan Ndisi affirmed that Swedish companies are eager to build long-term partnerships in Vietnam. He proposed enhanced cooperation in green transition initiatives and suggested that Sweden and Vietnam elevate their relationship to a comprehensive strategic partnership focused on science, technology, innovation, and digital transformation.

-Viet An