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Updated: 2 hours 47 min ago

Green transition inevitable trend and strategic choice: PM

Thu, 04/24/2025 - 10:30
Prime Minister Pham Minh Chinh attending a high-stakes virtual summit on climate action on April 23.

Prime Minister Pham Minh Chinh stressed that Vietnam considers climate change response a top priority and green transition is an inevitable trend, a strategic choice, and a breakthrough driver while addressing high-stakes virtual summit on climate action on April 23.

His attendance was made at the invitation of UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva.

The goal of the summit was to accelerate global climate ambition ahead of COP30, which will be hosted in Brazil.

People should be at the center of this process to promote rapid and sustainable development in the coming period, PM Chinh said, stressing environmental protection must not be sacrificed for mere economic growth.

Vietnam is urgently implementing climate actions in a harmonious and comprehensive manner, with clear roadmaps and plans in place, according to the PM.

The country remains firmly committed to its goal of achieving carbon neutrality by 2050, he said, calling on international partners to provide financial support, share advanced technologies, and assist in human resources training, and institutional improvement and green governance to effectively implement the country’s commitments.

 

-Tùng Dương

Vietnam, US officially start bilateral economic and trade negotiations

Thu, 04/24/2025 - 10:00
Both negotiation leaders agreed to maintain regular exchanges at both senior and technical levels to accelerate discussions on specific negotiation topics.

On the evening of April 23 (Hanoi time), Minister of Industry and Trade Nguyen Hong Dien, who leads the Government’s negotiation team, held a phone call with Jamieson L. Greer, the US Trade Representative, to officially kick off bilateral economic and trade negotiations between Vietnam and the United States.

This critical discussion focused on outlining the principles, scope, and negotiation roadmap. The call was attended by members of the Vietnamese negotiation team and technical representatives from relevant ministries.

During the conversation, Minister Dien reaffirmed Vietnam's commitment to strengthening its Comprehensive Strategic Partnership with the United States and expressed a desire to foster abalanced, stable, sustainable, and effective economic and trade relationship between the two countries. He emphasized that Vietnamese ministries are prepared to negotiate and address concerns raised by the US, working together to find mutually beneficial solutions based on the principles of harmonized interests and shared risks.

For his part, the US Trade Representative Greer welcomed the agreement between both nations to engage in bilateral trade negotiations. He expressed confidence that Vietnam and the US would soon reach appropriate solutions to advance a stable and mutually beneficial economic partnership.

At the conclusion of the meeting,  both negotiation leaders agreed  to maintain regular exchanges at both senior and technical levels to accelerate discussions on specific negotiation topics.

-Huyền Vy

Hue city plans to build $757 mln urban area

Thu, 04/24/2025 - 09:00
Construction scheduled to start in Q1 in 2026.

Central Hue city plans to build an urban area in Thuan Hoa and Phu Vang districts with an estimated investment capital of over VND19.7 trillion ($757 million).

The projected 150-ha urban area will feature 2,700 houses, services centers, schools, parks and other education, healthcare and entertainment facilities for a population of nearly 10,000 people.

Construction is scheduled to start in the first quarter of 2026 and complete in the first quarter of 2034.

A bid is expected to be held in the second quarter of the year to choose investor for the project. The investor is required to spend at least 20% of land fund to build social houses.

 

-Nguyễn Thuấn

HCMC targets sharing economy expansion, bolsters cyber defenses in new 5-year plan

Thu, 04/24/2025 - 07:30
The city aims to strengthen State management capacity to ensure cybersecurity, protect personal and organizational data, and uphold national sovereignty in cyberspace.

The Ho Chi Minh City People's Committee has issued a development plan for the sharing economy, covering the period from 2025 to 2030.

While recognized as an emerging business model, the sharing economy is not classified as a separate economic sector. Therefore, the plan affirms that no distinct support policies are required for businesses operating within this model.

Under the plan, the city will continue reviewing and eliminating outdated business regulations that hinder traditional enterprises, ensuring uniform application across both conventional businesses and sharing economy initiatives.

Additionally, amendments and improvements to the current legal framework will be proposed to better align with sharing economy activities, particularly in clarifying roles and responsibilities among stakeholders and regulatory agencies.

At the same time, the city aims to strengthen State management capacity to ensure cybersecurity, protect personal and organizational data, and uphold national sovereignty in cyberspace. Measures will also be implemented to safeguard consumer rights, prevent tax losses, and address potential legal liabilities arising from the sharing economy model.

To support its development, the city will invest in digital infrastructure, including high-speed internet, cashless payment systems (Fintech), cybersecurity enhancements, and improved connectivity between various sharing economy services through API-based integration.

The city also plans to expand physical infrastructure, such as public transport connections and real estate rental spaces, including co-working offices and short-term accommodations, to foster growth within the sector.

-Hồng Minh

Da Nang to host "AI – New Driving Force for Development" conference

Thu, 04/24/2025 - 07:00
Speakers are expected to share global insights on AI development and applications, highlighting opportunities for Da Nang while addressing the challenges and proposing solutions needed to foster investment in the sector.

Da Nang will host an AI conference titled "Artificial Intelligence – A New Driving Force for Da Nang's Development" on May 9, the City People's Committee has announced.

The plenary session is expected to welcome around 500 delegates, including representatives from the Ministry of Science and Technology, the National Innovation Center (NIC), leading AI businesses and experts, as well as foreign diplomatic missions in Vietnam.

Speakers are expected to share global insights on AI development and applications, highlighting opportunities for Da Nang while addressing the challenges and proposing solutions needed to foster investment in the sector.

The same day, a specialized panel discussion titled "Infrastructure for AI Development in Da Nang City" will take place. Delegates and experts will examine the current state of data centers, high-performance computing (HPC) systems, and future plans for AI infrastructure development in Da Nang. The session will also explore solutions for enhancing computing and data storage infrastructure, aiming to improve accessibility for businesses and organizations utilizing AI technologies.

City leaders view the conference as a key opportunity to gather recommendations from experts and consultants to refine Da Nang’s policy framework and develop an AI-driven economic strategy. The goal is to fully leverage the city's existing strengths in technology and innovation.

Beyond policy discussions, the event aims to attract foreign businesses interested in launching AI startup projects in Da Nang. It will also seek investment funds to provide capital for startups while facilitating connections between entrepreneurs, investors, and leading experts in artificial intelligence and innovative entrepreneurship.

-Ngô Anh Văn

Vinh Phuc hosts forum on digital economy development, high-tech supply chains

Thu, 04/24/2025 - 06:30
Key topics of discussion included: the application of high technology in building smart supply chains; and strategies to improve access to resources for tech startups; among others.

A  forum under the theme "Building a Local Digital Economy on the Foundation of High-Tech Supply Chains" was held on April 23 in the northern province of Vinh Phuc, marking a significant milestone in the province's efforts to establish a locally driven digital economy while integrating with the global high-tech supply chain network.

Chaired by the Provincial People's Committee, the forum was organized by the provincial Department of Science and Technology in collaboration with the National Innovation Center (NIC) and Dassault Systèmes Group (France), with additional support from NTT Group (Japan), Kami Manufacturing Technology JSC, and other international partners.

The primary objective of the event was to promote comprehensive digital transformation in Vinh Phuc by leveraging high-tech supply chains to drive sustainable and innovative economic development.

Key topics of discussion included: the application of high technology in building smart supply chains; policy recommendations to support small and medium-sized enterprises (SMEs) in joining the digital economy ecosystem; strategies to improve access to resources for tech startups; and strengthening connections between technology businesses and local authorities to co-develop a digital economy model tailored to Vinh Phuc’s unique needs

In his remarks, Mr. Vu Quoc Huy, Director of NIC, emphasized the forum's role in fostering collaboration and shaping the direction of digital economy development.

He further affirmed NIC's commitment to serving as a bridge between the Government, local authorities, businesses, and leading technology corporations to accelerate innovation and digital growth.

-Anh Nhi

PM outlines tasks to boost economic growth

Wed, 04/23/2025 - 17:00
Vietnam's 2025 GDP growth target expected at 8%.

Prime Minister Pham Minh Chinh signed an official dispatch on April 22, outlining key tasks and solutions aimed at driving Vietnam’s economic growth throughout the year.

The Vietnam News Agency quoted the PM's dispatch as reporting that the priorities would be given to boosting economic growth, maintaining macroeconomic stability, controlling inflation, and guaranteeing major economic balances.

Under the dispatch, the Ministry of Finance is tasked to assess the impact of the US’s reciprocal tariff policy on Vietnam and develop fiscal support packages for enterprises and workers in the affected sectors.

The State Bank of Vietnam is directed to monitor global and regional developments, particularly policy shifts in major economies. 

The PM asked for stepping up measures to connect supply and demand, encourage e-marketplaces to stimulate the consumption of domestically produced goods.

The Ministry of Industry and Trade and relevant authorities are instructed to fully exploit Vietnam’s 17 existing free trade agreements, expedite ongoing negotiations, and initiate talks on new FTAs with potential markets. Urgent talks are also to be held with US agencies to negotiate a reciprocal trade agreement that is mutually beneficial.

The directive also includes guidance on tapping into new growth drivers; making breakthroughs on science and technology development, innovation, and digital transformation; building free trade zones and international financial centers; and developing the private sector.

-Vân Nguyễn

National strategy on waste prevention and control until 2035 approved

Wed, 04/23/2025 - 16:30
The strategy, approved by the Prime Minister on April 22,  aims to unlock resources and boost economic growth.

Under Prime Ministerial Decision No. 806/QD-TTg, singed  by Permanent Deputy Prime Minister Nguyen Hoa Binh on April 22, the National Strategy on waste prevention and control until 2035 has been approved

The Government News quoted the strategy for reporting that it targets to cut administrative procedures and compliance costs for people and businesses, with a goal to rank  Vietnam among top 50 countries in the world and top three ASEAN countries in terms of e-government and digital economy by 2030.

Preventive measures, supervision, inspection, examination, detection will be strengthened to deter wasteful behaviors.

Issues and incidents that cause great waste and frustration in public opinion, creating strong influence must be resolved.

Specifically, the strategy identifies eight groups of tasks and solutions to waste prevention and control:

  1. Completing policies and laws in the fields of socio-economic management and waste prevention and control;
  2. Building and streamlining the apparatus and building a contingent of effective and efficient cadres and civil servants;
  3. Effective managing and using resources, human resources, material resources, and enhancing sustainability; improving energy efficiency;
  4. Promoting administrative reform, with a focus on cutting administrative procedures and compliance costs for people and businesses;
  5. Resolving the long-standing problems of important national projects, key projects, low-efficiency projects, backlogs, prolonged causes of great loss and waste; weak commercial banks;
  6. Strengthening inspection, supervision, audit, investigation, and handling of waste cases;
  7. Raising awareness, promoting the role and responsibility of the Fatherland Front, organizations and people in preventing and combating waste;
  8. Strengthening the capacity of cadres and civil servants to carry out waste prevention and control work.

 

Earlier, on March 17, Prime Minister Pham Minh Chinh signed Directive No. 08/CT-TTg underscoring the importance of waste prevention and control.

The Government also established the Steering Committee for Wastefulness Prevention and Control  in December 2024. The body is in charge of assisting the Prime Minister in researching, directing, and addressing important inter-sectoral tasks related to prevention and control of wastefulness.

-Phạm Long

Thanh Hoa's tourism industry grows well in five years

Wed, 04/23/2025 - 16:00
Total revenue hitting VND130 trillion ($5 billion) in the 2021-2025 period.

The tourism industry of central Thanh Hoa province records an average growth of 16.9% in the number of tourists and 34.4% in revenue in the 2021-2025 period.

In the five-year period, the province welcomed nearly 58.3 million visitors, including 2.5 million foreign tourists.

Total tourism revenue is estimated at nearly VND130 trillion ($5 billion).

In 2023 and 2024, the province ranked fourth among the 63 provinces and centrally-run cities of the country in terms of the number of tourists and the fifth in terms of turnover.

To boost tourism development, Thanh Hoa has promoted infrastructure development. The provincial authorities have recently approved investment policy of five tourism projects, bringing the total number of tourism projects in the province to 81 so far, with combined investment capital of nearly VND153 trillion ($5.88 billion).

 

-Nguyễn Thuấn

FPT partners with Sumitomo Corporation and SBI Holdings to develop AI

Wed, 04/23/2025 - 15:30
Sumitomo and SBI Holdings will each invest 20% in FPT Smart Cloud Japan, a subsidiary of FPT Corporation.

Vietnam's private FPT Corporation has announced a strategic partnership with Sumitomo Corporation and SBI Holdings - Japan’s leading conglomerates in the finance and industrial sectors.

The partnership is aimed at accelerating artificial intelligence (AI) adoption through the FPT AI Factory ecosystem, contributing to the advancement of sovereign AI in Japan.

Under this partnership, Sumitomo and SBI Holdings will each invest 20% in FPT Smart Cloud Japan, a subsidiary of FPT Corporation.

This partnership lays a critical foundation for delivering cutting-edge AI solutions to organizations and enterprises in Japan, expediting AI integration across all aspects of society and supporting the nation’s ambition to become a global AI leader .

 

-Bạch Dương

Hoa Binh province posts GRDP growth of 12.7% in Q1

Wed, 04/23/2025 - 15:00
Industrial sector making an important contribution with the Index of Industrial Production up 33.32%.

Northern Hoa Binh province posted a GRDP growth of 12.7% in the first quarter of the year, according to a  report from the provincial People’s Party Committee.

Sector-wise, agriculture, forestry, and fisheries expanded 4.19% year-on-year; industry and construction surged 27.18%; and services up 5.91%.

The industrial sector made an important contribution to the province’s growth with the Index of Industrial Production (IIP) soaring 33.32% compared to the same period last year.

Import-export activities recorded positive growth with total export revenue reached over $554.2 million, up 16.06% year-on-year.

In the three-month period, the province approved 10 new investment projects and allowed the adjustment of capital investment for 20 projects, totaling over VND3 trillion ($115 million).

The province is so far home to 750 active projects, including 39 foreign-invested projects with total investment capital of more than $522.55 million.

The provincial authorities set a growth target of over 10% for 2025.

-Vũ Khuê

Aviation authority asks domestic airlines to increase flights during holidays

Wed, 04/23/2025 - 14:30
Travelling demand expected to rise drastically during the upcoming National Reunification Day (April 30) and May Day holidays.

The Civil Aviation Authority of Vietnam (CAAV) has instructed domestic airlines to add more flights, particularly those to and from Ho Chi Minh City, to meet demand on the upcoming National Reunification Day (April 30) and May Day holidays.

HCM City will organize many national-level activities to mark the 50th anniversary of the liberation of the south and National Reunification Day from April 20 to May 5, according to the CAAV.

Previously, the CAAV had asked Vietnamese carriers to enhance service quality and ensure flight safety to meet high travel demand during the upcoming holidays.

The CAAV urged airlines to increase their operations during off-peak hours.

On April 17, the newly-built Passenger Terminal T3 of Tan Son Nhat International Airport in HCM City officially handled the first commercial flight. The operation of the new terminal is expected to help ease pressure for the existing terminals of the airport and meet travelling demand of passengers during the holidays.

 

-Phương Nhi

Binh Dinh to auction 25 mineral mining areas

Wed, 04/23/2025 - 14:00
Organizations and individuals wishing to participate in the auction must submit their applications between April 18 and May 6.

The Binh Dinh Property Auction Service Center in the south-central province of Binh Dinh has announced plans to auction mineral extraction rights for 25 mining areas in May 2025, including one site with completed exploration results and 24 sites yet to be explored.

The explored mining area is a sand mine for construction materials located in Van Canh District, covering 0.81 ha with an estimated reserve of 16,200 cu.m. The  bid start prince for this site is VND84.3 million (over $3,250).

The remaining 24 mining sites, which have not yet undergone exploration, have a provisional bid start prince totaling over VND35.3 billion ($1.36 million). These include: 12 land-filling mines, four construction sand mines, three clay mines, three construction stone mines, and one foundry sand mine

Organizations and individuals wishing to participate in the auction must submit their applications between April 18 and May 6.

The auction will take place from May 22 to May 24.

 

-Hằng Anh

Hanoi to welcome new world-class mixed-use complex

Wed, 04/23/2025 - 10:30
With a total investment of over $150.5 million, Capital One is designed as a multifunctional complex.

Vietnam Construction and Import-Export Corporation (VINACONEX) on April 22 officially commenced construction on the Capital One mixed-use complex, featuring a commercial center, office space, serviced apartments, and an internationally standardized hotel.

The project aligns with the Prime Minister’s directive to organize groundbreaking and inauguration ceremonies for key infrastructure projects celebrating the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 – April 30, 2025).

Capital One is being developed on a site of more than 11,700 sq.m within the Kim Van – Kim Lu New Urban Area in Dai Kim Ward, Hoang Mai District—one of Hanoi’s rapidly growing hubs for infrastructure and urban development.

With a total investment of approximately VND3.9 trillion ($150.5 million), Capital One is designed as a multifunctional complex, comprising a commercial center, Grade A office space, serviced apartments, and a modern hotel built to international standards.

The project spans a total floor area of nearly 202,000 sq.m, including four basement levels and two towers reaching 30 stories. The construction density is limited to 40%, with the remaining space allocated for green landscapes, open areas, and community amenities.

-Phan Nam

Solid foundation supports the establishment of a housing development fund

Wed, 04/23/2025 - 10:00
The Fund's resources are expected to be mobilized from various sources, including State budget allocations, voluntary contributions from domestic and foreign investors.

Deputy Prime Minister Ho Duc Phoc has held a meeting with relevant ministries and sectors to explore the establishment of a national housing development fund.

The projected fund will include provisions for social housing, rental housing for workers, and rental or purchase options for individuals under 35 years old.

Based on a comprehensive review of the legal framework and financial mechanisms at both central and local levels, the Ministry of Finance has proposed a financial support mechanism for social housing development and outlined plans for the creation of the National Housing Development Fund.

During the meeting, representatives from the Ministry of Construction, the State Bank of Vietnam, the Ministry of Justice, and the Government Office exchanged and discussed the political, legal, and practical foundations for establishing the fund. They also deliberated on its functions, tasks, organizational model, scale, target beneficiaries, governing body, and funding sources to ensure the fund operates effectively and meets its objectives.

In his concluding remarks, Deputy PM Phoc emphasized that the establishment of the national housing development fund to support social housing, rental housing for workers, and housing options for individuals under 35 years old has solid political, legal, and practical foundations. He confirmed the fund's official name as the "National Housing Development Fund".

The National Housing Development Fund will be a State-established, off-budget fund, distinct from State budget expenditure responsibilities.

The Fund's resources are expected to be mobilized from various sources, including State budget allocations, voluntary contributions from domestic and foreign investors, revenue from the 20% land fund designated for social housing within commercial housing projects, contributions from organizations and individuals, and other lawful sources.

-Thanh Xuân

Hue calls for investment in Chan May – Lang Co Economic Zone

Wed, 04/23/2025 - 09:30
The initiative marks a significant step in attracting investment and optimizing the potential and advantages of the Chan May – Lang Co Economic Zone.

The People's Committee of Hue City has issued a decision approving the list of investment projects calling for investors in the city's economic and industrial zones for the 2025–2026 period.

With a total of 15 projects and an estimated investment capital of nearly VND47.5 trillion (over $1.7 billion), this initiative marks a significant step in attracting investment and optimizing the potential and advantages of the Chan May – Lang Co Economic Zone.

The announcement reflects Hue City's determination to strengthen its efforts in mobilizing non-budget investment resources, gradually transforming the economic zone into a dynamic, modern, and sustainable economic hub in central Vietnam.

According to the Hue City Economic Zone Management Board, since its establishment, the Chan May – Lang Co Economic Zone has hosted 55 active investment projects with a total registered capital exceeding VND97 trillion ($3.74 billion). This includes 15 foreign direct investment (FDI) projects, amounting to over VND56 trillion ($2.16 billion), accounting for 57.56% of the total registered capital.

Currently, the Chan May – Lang Co Economic Zone serves as an attractive investment destination for sectors such as resort tourism, seaport infrastructure, logistics, clean industries, high-tech industries, and environmentally friendly industries. The zone generates an annual revenue of nearly VND4 trillion (nearly $154 million) and contributes approximately VND300 billion (nearly $11.55 million) to the state budget.

 

-Nguyễn Thuấn

Imexpharm achieves VND594 billion in Q1 net revenue

Wed, 04/23/2025 - 09:00
Imexpharm kicked off Q1 2025 with impressive results, reporting net revenue of VND594 billion and profit before tax of VND95 billion in Q1 2025, up 21 per cent and 23 per cent year-on-year (YoY), respectively. Employees working in the EU-GMP certified IMP4 plant laboratory of Imexpharm. Photo: Imexpharm

On April 18, 2025, Imexpharm Corporation (HOSE: IMP) announced its Q1 2025 results, delivering a strong performance despite a highly volatile business environment, with all key metrics exceeding quarterly targets.

Financial highlights

Imexpharm demonstrated strong growth momentum from the start of the year, underpinned by solid revenue expansion, sustained margin strength, and enhanced operational efficiency. Gross revenue climbed 23 per cent YoY to VND672 billion ($26.88 million), achieving 23 per cent of the full-year target. Growth was supported by strong performance across both OTC and ETC channels and a broad, market-responsive portfolio.

Revenue from antibiotics continued to grow, while the cough medicine segment surged 42 per cent YoY, contributing 11 per cent of total revenue amid a spike in respiratory illnesses.

Profit before tax reached VND95 billion, driven by top-line growth and effective cost control, even as selling expenses rose with increased brand marketing across both channels. EBITDA grew 16 per cent YoY to VND126 billion ($5.04 million), with EBITDA margin steady at 21 per cent, reflecting stable operations and productivity across EU-GMP-certified factories.

The OTC segment rebounded strongly, particularly in Northern Vietnam. OTC revenue rose 25 per cent YoY, with the Northern market up 69 per cent, contributing 12 per cent of total OTC sales. Customer transactions increased 30 per cent YoY, reflecting successful localized promotions and brand building.

The ETC channel saw 27 per cent revenue growth, driven by deeper hospital engagement and fulfillment of national tender contracts. Imexpharm’s delivery of high-quality products further cemented its reputation in the healthcare sector.

Gross profit grew 30 per cent, outpacing revenue growth. COGS rose only 16 per cent, thanks to optimized production and promotional costs. The gross profit margin improved to 40 per cent, the highest quarterly rate since Q1 2024. Production volume at the IMP4 factory recorded a126 per cent increase, more than doubling YoY.

Mr. Nguyen An Duy (left), Deputy General Director, CFO of Imexpharm, presents a symbolic board donating 500 green trees to Dalat City's Youth Union. Photo: Imexpharm

Strategic and ESG initiatives

On March 14, 2025, Imexpharm joined Da Lat’s tree-planting initiative as part of Lam Dong’s goal of planting 50 million trees by 2025. The activity coincided with the company’s 2025 Sales Marketing Congress themed “Tiên Phong Dẫn Lối” (Pioneering the Way Forward), underscoring its commitment to sustainability.

The company was also named among the Top 10 ESG Green Enterprises in the Pharmaceutical - Medical Device Sector, an initiative led by Viet Research in collaboration with Finance Investment Newspaper (Ministry of Finance), recognizing its ESG efforts aligned with international benchmarks.

In late March 2025, Imexpharm reaffirmed its dedication to the medical community through its sponsorship of two key scientific events in March: the 41st Annual ENT Scientific Conference in Da Nang and the 20th anniversary symposium of Thien Hanh General Hospital in Buon Ma Thuot.

In early April, Imexpharm hosted a national online symposium titled “Strategic Use of Antibiotics in Respiratory Infections Amid Multidrug Resistance”, drawing healthcare professionals from across the country. The event, which offered CPE credits, reflected the company’s thought leadership in rational antibiotic use and clinical education. A follow-up symposium is planned for late April.

In Q1, Imexpharm introduced 9 new SKUs and maintained 133 RD projects in its innovation pipeline. The Company also released its 2024 Annual Report, outlining past achievements and future strategies.

Inside an EU-GMP factory of IMP. Photo: Imexpharm

Market outlook

Vietnam’s pharmaceutical sector is poised for steady growth, bolstered by demographic shifts and increasing healthcare investments. Demand is expected to rise for EU-GMP-certified antibiotics and treatments for chronic conditions such as diabetes, cardiovascular diseases, and obesity. Domestic companies focused on innovation stand to benefit from evolving lifestyles and supportive regulatory reforms.

Commenting on the results, People’s Doctor, Pharmacist Tran Thi Dao, General Director of Imexpharm, said: “Imexpharm had an exceptional start to 2025, with strong revenue and profit growth and a record gross margin of 40 per cent. Our targeted investments in the Northern market paid off, and we are now focusing on high-tech, high-value products with advanced efficacy. This pivot will enhance profit margins and reinforce our long-term growth.”

The company will present its strategic roadmap for 2025, including innovation, market expansion, and value creation, at its Annual General Meeting of Shareholders on April 25, 2025.

-Diep Linh

Bac Giang International Logistics Center officially launched

Wed, 04/23/2025 - 08:30
It facilitates trade with border gates, road and rail ports, seaports, airports, and major economic hubs domestically and internationally.

The Bac Giang International Logistics Center was officially inaugurated on April 22, marking a major milestone in the northern province of Bac Giang's logistics infrastructure development.

Approved by the Prime Minister as a National Level II Logistics Center, the facility spans an area of 67 ha. It features a multifunctional warehouse system, including a customs-controlled warehouse, a duty-free warehouse, an e-commerce warehouse, and an automated warehouse.

With its strategic connectivity, the Bac Giang International Logistics Center serves as a crucial link between industrial parks and manufacturing plants in Bac Giang and other northern provinces.

It facilitates trade with border gates, road and rail ports, seaports, airports, and major economic hubs domestically and internationally, particularly strengthening connections between Vietnam, China, and the broader Asian region.

The province has identified logistics as a key service sector.

According to Bac Giang’s development plan for the 2021–2030 period, with a vision toward 2050, the province aims to establish eight integrated logistics centers covering nearly 500 ha, along with three inland container depots (ICD) and 33 inland waterway ports.

-Song Hoàng

InterContinental Hanoi Landmark72: A prime destination for MICE Groups

Wed, 04/23/2025 - 08:30
A leading MICE destination in Hanoi, InterContinental Landmark72 offers premium facilities, sustainable practices, and seamless business event experiences. Grand Ballroom at InterContinental Hanoi Landmark72

As Vietnam continues to attract international business and investment, the demand for venues that can accommodate corporate gatherings, conferences, and large-scale events is on the rise. Among the capital’s modern developments, InterContinental Hanoi Landmark72, located in Hanoi’s tallest skyscraper, is emerging as a notable hub for MICE (Meetings, Incentives, Conferences and Exhibitions) activities. This five-star hotel offers a blend of world-class service, cutting-edge technology, and ample space for various events and business gatherings. From a grand convention center to well-equipped meeting rooms and exceptional amenities, InterContinental Hanoi Landmark72 is an unrivaled destination for corporate travelers and event organizers.

Strategic location

Set in the busy My Dinh area, InterContinental Hanoi Landmark72 enjoys a prime location within the Hanoi Landmark complex. The hotel is easily accessible from both the city center and Noi Bai International Airport, providing convenience for corporate groups. Its close proximity to Hanoi’s central business district and key government offices adds to its appeal for those combining business engagements with travel.

World-class convention facilities

The hotel features a grand convention center designed to accommodate events of various sizes, from intimate business meetings to large-scale conferences and exhibitions. Its flexible layout and state-of-the-art technology, including high-speed internet, audiovisual systems, LED displays and lighting equipment, support seamless event presentations and interactions.

The hotel’s convention center also offers a range of services, such as dedicated event planning teams, on-site catering and custom event setups, which allow organizers to tailor each event to their specific needs. Whether it’s a corporate summit, trade show, or incentive program, the convention center can handle the most demanding MICE requirements.

Meeting rooms and business amenities

InterContinental Hanoi Landmark72 also offers a variety of meeting rooms for smaller gatherings or breakout sessions. These spaces are designed with functionality and comfort in mind, featuring elegant décor and the latest technology to facilitate productive discussions and collaborations. Whether for board meetings, seminars, or training sessions, the hotel’s meeting rooms provide the perfect setting for focused business activities.

The meeting rooms are equipped with high-definition screens, audio systems, and video conferencing tools, ensuring that guests can connect and communicate with colleagues and clients globally. The flexibility and range of meeting spaces make the hotel suitable for various types of corporate events, regardless of their size.

Accommodation and guest services

InterContinental Hanoi Landmark72 offers luxurious accommodations for MICE group attendees, with a total of 359 rooms and suites designed for comfort and sophistication. Each room and suite boasts stunning views of the city skyline and is equipped with high-end amenities to ensure a relaxing and productive stay. Guests can choose between King Rooms and Twin Rooms, providing flexibility to suit various preferences. After a long day of meetings or events, guests can unwind in the hotel’s fitness center or take a dip in the swimming pool.

InterContinental Hanoi Landmark72 offers luxurious accommodations for MICE group attendees

Dining options to impress

Dining is also a highlight at InterContinental Hanoi Landmark72. The hotel’s restaurants — including 3 Spoons, Stellar Steakhouse and Stellar Teppanyaki — offer a diverse mix of international and local cuisine. These venues are suitable for business lunches, networking dinners, or casual gatherings. Q Bar and The Hive Lounge provide relaxed spaces for informal meetings or post-event drinks.

Commitment to Sustainable Events

InterContinental Hanoi Landmark72 is committed to the IHG Meetings for Good initiative, which emphasizes sustainability and reducing environmental impact. Notable efforts include the linen and towel reuse program to cut down on water and energy usage, and a plastic-free water service, replacing plastic bottles with refill stations and glassware in meeting spaces.

The hotel also implements a food waste reduction action plan, offering locally sourced, plant-based options and using reusable banquet menus and serviceware to minimize waste. With a dedicated event manager and customized services, InterContinental Hanoi Landmark72 ensures seamless and sustainable event planning.

Mr. Patrick Verove, General Manager of InterContinental Hanoi Landmark72

From the management

“We take great pride in positioning the hotel as the premier destination for MICE groups in Hanoi,” said Mr. Patrick Verove, General Manager of InterContinental Hanoi Landmark72. “Our convention center and meeting rooms are meticulously designed to meet the diverse needs of our clients, ensuring a seamless and bespoke experience for each group. Recognizing the importance of precision and flexibility in corporate events, we provide tailored services and a dedicated team to support our clients at every stage. Our aim is to create an environment where business and leisure harmoniously converge, ensuring that every attendee enjoys a memorable experience, whether participating in a conference or unwinding after a day of productive meetings.”

Contact Information:
InterContinental Hanoi Landmark72
Address: Hanoi Landmark Tower, Me Tri ward, Nam Tu Liem District, Hanoi, Vietnam
Telephone: (+84) 024 3698 8888
Email: hanoilandmark72@ihg.com
Website: https://landmark72.intercontinental.com

-Diep Linh

Czech - Vietnam Business Forum held in Hanoi

Wed, 04/23/2025 - 08:00
The forum was held on the occasion of Czech Finance Minister's working visit to Vietnam.

The Ministry of Finance of the Czech Republic, in coordination with the Embassy of the Czech Republic in Vietnam, the Vietnam Chamber of Commerce and Industry (VCCI), and the Confederation of Industry of the Czech Republic, organized the “Czech-Vietnam Business Forum” in Hanoi on April 22.

Speaking at the forum, H.E. Zbynek Stanjura, Minister of Finance of the Czech Republic, emphasized that since the establishment of diplomatic relations in 1950, Vietnam and the Czech Republic have built and maintained a strong traditional friendship based on trust, equality, and mutual respect.

The bilateral relationship has continuously developed, especially with the two sides officially upgrading their ties to a Strategic Partnership earlier this year, opening a new chapter for deep and comprehensive cooperation across multiple sectors.

“Notably, the Czech Republic is currently home to the largest Vietnamese community in the European Union (EU). This is a vivid testament to the close ties between the two peoples and serves as a solid foundation for further sustainable and comprehensive development in economic, cultural, and social relations,” Mr. Stanjura stressed.

Mr. Minister Stanjura also highlighted the bilateral trade ties between Vietnam and the Czech Republic, with a turnover surpassing $4 billion last year, reflecting the great potential for economic cooperation between the two countries.

At the same time, he highlighted the strong entrepreneurial spirit and dynamism of the Vietnamese business community, believing that this factor will contribute to promoting greater connectivity and expanded cooperation between Vietnamese and Czech enterprises in the future.

Similarly, Deputy Minister of Finance Tran Quoc Phuong noted that as of the end of February this year, the Czech Republic had 42 valid investment projects in Vietnam with a total registered capital of over $91 million, mainly concentrated in the sectors of mining, processing, and manufacturing.

Besdies, Vietnamese enterprises have also invested in the Czech Republic with four projects, totaling approximately $1.54 million, mainly in wholesale, retail, and communications.

Deputy Minister of Finance Tran Quoc Phuong speaks at the forum. (Photo: Phuong Hoa)

“Although these figures remain modest compared to the potential of Vietnam and the Czech Republic, they are nonetheless positive initial signs, reflecting the emerging and developing trend of two-way investment between the two countries,” the Deputy Minister remarked.

Currently, Vietnam is entering a new phase of development, aiming to become a high-income economy by 2045. In order to realize this vision, improving the quality and effectiveness of foreign investment attraction, especially from partners like the Czech Republic, plays a crucial role.

Therefore, Deputy Minister Tran Quoc Phuong proposed several specific directions for cooperation, aiming to lay a solid foundation for boosting bilateral investment flows in the coming time:

First, enhance the sharing of information on the investment environment, financial policies, capital markets, and business support mechanisms to provide both sides with clearer and more transparent guidance in strategic cooperation planning.

Second, effectively utilize the EU -Vietnam Free Trade Agreement (EVFTA), a key legal framework to facilitate two-way investment flows, particularly in priority sectors such as high technology, finance-banking, and innovation.

Third, promote cooperation in education and training for the financial sector, such as expert exchanges and modern financial management courses, to improve human resources quality in service of economic development.

Fourth, develop an international financial center in Vietnam with support from Czech partners, contributing to Vietnam’s deeper integration into the global financial value chain.

Finally, strengthen bilateral investment - trade - tourism linkages, foster exchanges and mutual understanding between the business communities of both countries, and facilitate the sustainable growth of investment flows.

Deputy Minister Tran Quoc Phuong emphasized that Vietnam is currently building an international financial center, and we look forward to cooperating with Czech partners to realize this goal, thereby helping Vietnam participate more deeply in the global financial value chain. The Ministry of Finance of Vietnam is committed to creating all favorable conditions for foreign investors in general, and Czech investors in particular, to achieve long-term, sustainable success in Vietnam.

-Phuong Hoa

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