Professor Harald Kuhn highlighted the importance of semiconductors for innovation, particularly in areas such as smart mobility, aerospace, and smart factories.

The southern province of Binh Duong has reached a significant milestone in its high-tech development journey as Becamex IDC Corporation signed a cooperation agreement with the Fraunhofer Institute for Electronic Nano Systems ENAS (Germany) to establish a microelectronics research center in the province.

This partnership is expected to lay a strong foundation for Vietnam's integration into the global semiconductor value chain, contributing to the development of high-value-added technology sectors that align with the requirements of the new development phase.

Addressing the signing ceremony, Mr. Nguyen Van Hung, Chairman of the Board of Becamex IDC, emphasized that this is more than a simple cooperation agreement—it is a strategic initiative to connect with leading scientists and research institutes in Europe. The research center will be built following the Fraunhofer innovation model, renowned for its flexibility and capacity to drive innovation.

Professor Harald Kuhn, Director of the Fraunhofer ENAS Institute, for his part,  highlighted the importance of semiconductors for innovation, particularly in areas such as smart mobility, aerospace, and smart factories. He stressed that microelectronics serves as a catalyst for the growth of these high-tech fields.

Establishing a research institute for microelectronics is essential to attract investments from businesses. The Microelectronics Center is poised to play a pivotal role in bringing major semiconductor corporations to both Binh Duong and Vietnam.

-Bạch Dương

The Bai Vot – Ham Nghi and Ham Nghi - Vung Ang expressways technically opened to traffic on April 19.

Two sections of the North-South Expressway project, which run through the central province of Ha Tinh, were technically open to traffic on April 19.

The Bai Vot - Ham Nghi section has a total length of 35.28 km, with a total investment capital estimated at over VND7.6 trillion ($301 million). Its construction started in May 2021.

Meanwhile, the Ham Nghi - Vung Ang expressway has a total length of over 54.2 km, with a total investment capital estimated at more than VND9.7 trillion ($382 million).

The two expressway sections are scheduled to be officially put into operation on April 28.

The completion of the two expressways helps to complete the North-South traffic axis, thus facilitating travelling between central localities and the whole country.

They are also expected to help create conditions to attract more investment in industrial parks and economic zones of Ha Tinh province.

 

 

 

 

-Tuấn Khang

The 83-km expressway in south-central Khanh Hoa province is one of the 12 componets of the North-South Expressway project.

The Van Phong – Nha Trang expressway, one of the 12 component projects of the eastern North - South expressway, was inaugurated and officially opened to traffic on April 19.

The Van Phong – Nha Trang expressway, which stretches more than 83 km in south-central Khanh Hoa province, was built with 4 lanes and with a total investment capital estimated at over VND11.8 trillion ($458 million).

It was designed with a maximum speed limit of 120 km per hour. However, during the initial phase, the speed is limited at 80 km per hour.

The project is expected to contribute to the completion of 3,000km of expressways nationwide by 2025 as targeted by the Government.

 

-Đan Tiên

Tourism promotion and marketing efforts are being significantly revamped, with social media platforms such as Zalo, Facebook, and TikTok fully utilized to reach potential tourists.

Aiming to attract 3 million visitors in 2025, the northern province of Bac Giang is positioning tourism as a key economic sector, driving momentum for advancements in other fields.

A representative of the Bac Giang Provincial People's Committee emphasized that tourism not only contributes economically but also serves as a bridge to promote culture, conserve natural resources, and affirm Bac Giang's prominence on Vietnam's tourism map.

To achieve this target, the province is implementing a range of synchronized measures. Tourism promotion and marketing efforts are being significantly revamped, with social media platforms such as Zalo, Facebook, and TikTok fully utilized to reach potential tourists.

Bac Giang is focusing on creating diverse tourism products imbued with local identity. The province prioritizes the development of three large-scale tourism areas aiming for national standards: Tay Yen Tu, tied to the legacy of Truc Lam Zen Buddhism; the Khuon Than Lake ecological site in Luc Ngan district; and the Nham Bien mountain resort.

Additionally, Bac Giang is encouraging new forms of tourism, including agricultural, ecological, resort, and golf tourism. Unique experiences, such as the "Path of Spreading Buddhism" and the Hanoi - Tho Ha connecting tour, are also being promoted.

Digital transformation and green tourism development are key priorities. The province is accelerating the digitization of promotional materials and applying 360-degree virtual reality (VR 360) technology to recreate 10 heritage sites in virtual space. This innovative approach enables tourists to visually experience these locations from anywhere using just their smartphones or computers

-Song Hoàng

Average occupancy rate reaching 76%, a11% year-on-year increase.

Hanoi's hospitality market experienced positive momentum in the first quarter of the year, with average occupancy rate reaching 76%, a notable 11% year-on-year increase, according to the latest report from real estate consultant Savills Vietnam.

The average room rate slightly increased compared to the same period in the previous years.

The growth was driven by a surge in international arrivals, particularly from China. Vietnam welcomed 6 million foreign visitors in the first quarter, up 29.6% year-on-year. China became the largest source of visitors with 1.58 million, soaring 78.3% year-on-year.

Hanoi alone served 1.85 million foreign tourists, a year-on-year rise of 17.4%.

Looking ahead, the market is set to welcome nearly 12,000 new rooms, with supply focused on the western districts and surrounding areas, driven by the anticipated entry of several major international hotel brands.

 

-Thanh Xuân

The country's Exclusive Economic Zone (EEZ) having a wind power potential of 1,068 GW.

Vietnam’s Exclusive Economic Zone (EEZ) has a wind power potential of 1,068 GW, nearly 470 GW more than previously estimated, according to the Vietnam Offshore Wind Energy Technical Potential Report 2025 released on April 18.

In nearshore zones, the total technical wind power potential is 57.8 GW. The Bac Lieu-Ca Mau region alone contributes nearly 30% of this, while the Ninh Thuan-Binh Thuan area accounts for 24 GW. 

The report focuses on providing and sharing general information on offshore wind energy development in the world and in Vietnam.

Additionally, it also provides information on topography, geomorphology, marine meteorological hazards, and oceanographic conditions in the East Sea and along coastal areas of Vietnam, which are critical factors for the design and construction of offshore wind power projects.

The report was conducted by the National Center for Hydro-Meteorological Forecasting with support from the United Nations Development Program (UNDP) and the Norwegian Embassy in Vietnam.

-Tùng Dương

The 2024 revenue of the 198 award-winning nominations reached over $1.85 billion.

The Sao Khue Awards 2025, held under the patronage of the Ministry of Science and Technology, celebrated  198 outstanding digital products, services, and solutions on April 19, highlighting the relentless innovation and breakthrough creativity of Vietnamese technology enterprises.

This year’s program set a new record with over 500 applications submitted by digital technology companies, demonstrating the strong momentum of Vietnam’s business community as the digital economy emerges as a pillar of the national development.

Following three evaluation rounds, 198 nominations were selected for awards, including 25 products earning the prestigious 5-star Sao Khue rating—the highest number ever recorded.

Mr. Nguyen Van Khoa, President of the Vietnam Software and IT Services Association (VINASA), emphasized that Vietnamese technology companies are not confined to the domestic market but are showcasing their ingenuity on a global scale. Solutions in AI, blockchain, and cloud computing honored at the event have secured major contracts in demanding markets such as Japan, Europe, and North America.

According to statistics, technology companies significantly contributed to the economy, with the digital economy accounting for 18.3% of GDP in 2024, achieving a growth rate of 20% year-on-year. Data from this year’s Sao Khue Awards revealed that the 2024 revenue of the 198 award-winning nominations reached nearly VND48 trillion (over $1.85 billion), representing nearly 20% of the total revenue of Vietnam’s software and IT services industry in 2024.

Mr. Khoa affirmed: "These achievements not only contribute to economic growth but also solidify Vietnam’s position as a regional and global hub for digital services and innovation."

-Hạ Chi

Cacao farming has gained renewed popularity among farmers in Vietnam’s central highlands region and further south as prices and earnings continue to rise and the benefits of circular economy practices become evident.

Once abandoned due to low productivity and economic inefficiency, cacao trees in Vietnam’s central highlands are now making a comeback. Thanks to the EU-funded “Circular Economy in Cacao Production: From Cacao Beans to Chocolate Bars” project, cacao farming in the region has undergone a remarkable transformation over the past three years. More land is being cultivated with cacao, farmers are growing increasingly invested in their crops, and earnings are on the rise.

Running from July 2022 to July 2026, the project is being implemented in Dak Lak, Dak Nong, and Gia Lai provinces in the central highlands as well as Binh Phuoc, Dong Nai, and Ba Ria-Vung Tau in the southern region and Ben Tre in the Mekong Delta. With a total budget of €1.93 million ($2.09 million), 80 per cent of which is funded by the EU under the SWITCH-Asia Program, it is paving the way for a thriving, sustainable cacao industry in Vietnam.

Impact of new approach

Use of the circular economy model in cacao production is gaining momentum. To date, a total of 1,163 cooperative staff, business representatives, agricultural extension officers, and key farmers have received training on sustainable practices. Notably, around 30 per cent have already earned higher incomes by putting these insights into action.

The impact is becoming tangible: six demonstration models showcasing circular economy solutions for cacao have been implemented, a standardized industry guide has been developed and widely shared, and two case studies have been published. Meanwhile, 26 technical support activities have been launched in collaboration with businesses and cooperatives to drive sustainable cacao farming forward.

More businesses are embracing this shift. Five companies and seven cooperatives have successfully integrated circular economy practices, translating ideas into real-world applications. Partner investments in these efforts have reached an estimated €115,000 ($124,200).

On a broader scale, four key policy initiatives are underway involving the Ministry of Agriculture and Rural Development and the Ministry of Natural Resources and Environment, which have recently merged to become the Ministry of Agriculture and Environment. These initiatives aim to strengthen the legal framework for circular economy practices, regulate agricultural waste management, and introduce a circular economy index for the agricultural sector.

Looking ahead, the project aims to drive lasting change: 3,500 farmers are expected to boost their incomes through regenerative farming, 500 people will secure better jobs, six businesses will make a full transition to circular economy practices, and 4,000 tons of cocoa will be produced under improved sustainability standards.

Excited about the initial success, Mr. Bach Thanh Tuan, Director of the Center for Community Development (CDC), said the EU-backed project has unlocked Vietnam’s agricultural potential through an innovative management approach. This method not only adapts to climate change but also meets the high standards of demanding international markets.

Prior to the project being introduced, farmers in the central highlands cultivated and harvested cacao trees using traditional methods, focusing only on extracting cacao beans for chocolate production. However, as a cacao bean accounts for less than 10 per cent of a cacao fruit, the economic return for farmers was limited. The remaining by-products, such as husks and leaves, were discarded, leading to waste and environmental pollution.

With the introduction of circular cacao farming and technological support from the Institute of Agricultural Environment, every part of the cacao tree, such as husks, leaves, and stems, has been repurposed into valuable materials. Cacao husks are composted into nutrient-rich soil additives, fermented to produce animal feed, or converted through pyrolysis into biochar, which enhances soil structure, stimulates plant growth, and reduces greenhouse gas emissions by sequestering carbon in the soil. These methods not only lower input costs for farmers but also increase crop yields.

Mr. Cam Ba Bien, a farmer from Hamlet 2 in Dak Wil commune, Cu Jut district, in Dak Nong province, said that with the adoption of circular farming techniques and improved pest management skills, he has gained confidence in the viability of expanding his cacao plantation. Market demand is rising, and cacao bean prices have increased every year. “In 2024, my 700-tree cacao farm generated a net income of VND200 million ($8,000),” he said. “With cacao bean prices expected to reach VND80,000 ($3.20) per kg in 2025, I anticipate a profit of around VND300 million ($12,000).” He also noted that many farmers, previously burdened with debts, have now fully repaid their loans thanks to the steady rise in cocoa prices.

The Nhat Tam Agricultural Services Cooperative in Ea Dar commune, Ea Kar district, in Dak Lak province, currently has 20 official members and 200 affiliated farmers, cultivating nearly 700 ha of cacao. According to Ms. Nguyen Hong Thuong, Cooperative Director, its cocoa production follows a circular model, enabling continuous harvesting for nine months a year. With stable and increasing cocoa prices, annual revenue per ha ranges from VND500 million ($20,000) to VND1 billion ($40,000). By 2030, the district aims to expand its circular cacao farming area to 1,200 ha.

Meanwhile, the Dong Tien Ea Kar Agricultural and Services Cooperative in Dak Lak, which has 80 members managing 120 ha of cacao, produces approximately 300 tons of beans annually. Mr. Nguyen Dinh Thien, the Cooperative’s leader, emphasized the importance of strong farmer-cooperative-business partnerships, ensuring a stable and growing market for cacao beans. Even after deducting costs, each hectare generates a profit of VND400 million ($16,000) a year, motivating farmers to continue cacao cultivation.

A model to follow

Like other agricultural sectors, the cacao industry faces challenges in adopting the circular economy, which as a concept is still not widely recognized in Vietnam. According to Mr. Tuan, issues such as land degradation, water pollution, resource waste, and non-eco-friendly packaging persist, largely due to the absence of supportive policies. “If Vietnam’s cacao industry were integrated into a national strategic program with circular economy solutions, it would open up a new position for Vietnamese cacao on the global cacao map,” Mr. Tuan affirmed. He also noted that Vietnamese cacao is rated the best by chocolate manufacturers. If managed correctly, the industry could develop sustainably without harming the environment.

Mr. Tuan emphasized that businesses in the sector are willing to adapt, but they need a clear, effective, and profitable path. This approach could also serve as a foundation for expanding the circular economy model to other agricultural products such as coffee, pepper, durian, and macadamia nuts across various regions of Vietnam.

Seeing the transformation of cacao farms firsthand, H.E. Julien Guerrier, EU Ambassador to Vietnam, expressed optimism, saying that the EU Regulation on Deforestation (EUDR) has had a positive impact on Vietnam’s agricultural sector. This regulation has not only motivated farmers to trace the origins of their cacao beans but has also helped increase product value. By adopting such sustainable processes, Vietnamese cacao farmers have secured sustainability certifications from the EU and Japan, enabling them to export cacao beans at higher prices. “Vietnamese businesses and farmers are leading the way in upgrading production under the circular economy model,” Ambassador Guerrier remarked, noting that farms in the central highlands do not just cultivate cacao but also grow a variety of other crops, maximizing the benefits of intercropping. They also utilize the entire cacao fruit, not just the beans, ensuring minimal waste.

Farmers also raise earthworms to produce organic fertilizers for their crops, creating a highly-efficient model. The Ambassador also witnessed another circular economy model being developed in the shrimp farming sector in the Mekong Delta. There, a truly circular pond system exists, where shrimp and fish coexist in an ecological chain, with fish feeding on shrimp waste. “Vietnam is truly taking the lead and has the potential to become a model in circular economy practices, not only for the region but for other countries,” he affirmed.

-Vũ Khuê

The program will be implemented with a total estimated investment of over $112 million.

The People's Committee of the central province of Thah Hoa has approved an urban development program for Trieu Loc in Hau Loc district, aimed at creating a modern, sustainable urban area rich in local cultural identity.

The program will be implemented with a total estimated investment capital of over VND2.9 trillion ($112 million), and divided into two phases:  2025–2030 and 2031–2040. 

Under the program, the Trieu Loc urban area will have a population of 22,000 people by 2030 and 27,000 by 2040. 

A key component of the program is the construction of the Trieu Loc Water Plant, which will have a capacity of 18,000 m³/day, with a cost estimated at VND150 billion (nearly $5.8 million) and expected to be completed by 2030.

The program also prioritizes landscape planning, green spaces, and environmental protection. It includes 12 green parks, each ranging from 2.0 to 2.2 ha.

-Thiên Anh

Hydrochlorofluorocarbons volume to be imported in 2025 will be reduced to 1,300 tons, equivalent to half of the 2024 quota.

Under a decision from the Ministry of Agriculture and Environment, Vietnam’s import quota for Hydrochlorofluorocarbons (HCFCs), substances that cause ozone depletion,  will be sharply reduced to 1,300 tons, equivalent to half of the 2024 quota.

All of the imported substances are HCFC-22 , which is commonly used in the production of household air conditioners, refrigeration, foam manufacturing, and in servicing and maintenance of refrigeration equipment.

The Ministry of Agriculture and Environment was quoted by the Government News as noting  that this year marks the first year of implementing the roadmap to reduce HCFC imports under the national plan on the management and elimination of ozone-depleting substances.

Specifically, during the period from 2025 to 2029, the HCFC import quota will be maintained at 1,300 tons per year (a 67.5 per cent reduction compared to the baseline consumption).

From 2030, the average annual import quota will be reduced to 100 tons (a 97.5 per cent reduction). Vietnam will not import other HCFCs from 2040.

For HFCs (refrigerants with high global warming potential), import quotas will also gradually decrease according to the set roadmap. By 2045, Vietnam will only import an amount equivalent to emissions of 2.7 million tons of CO2 (an 80 per cent reduction compared to the baseline consumption).

By 2045, Vietnam expects to reduce emissions by more than 11 million tons of CO2 through the management and phase-out of ozone-depleting substances and controlled greenhouse gases, contributing to the goal of achieving net-zero emissions by 2050 as pledged at COP26.

-Phạm Long

The event commemorates the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 – April 30, 2025).

Prime Minister Pham Minh Chinh on April 19 chaired a ceremony marking the groundbreaking and inauguration of key national projects and large-scale works. The event commemorates the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975 – April 30, 2025).

The ceremony was conducted in a hybrid format, combining in-person attendance with simultaneous online connections across the North, Central, and South regions, linking the main venue at Terminal T3 of Tan Son Nhat International Airport in HCMC to all project sites.

PM Chinh emphasized the significance of the 80 large-scale projects being inaugurated or launched nationwide on the same day, with a total investment capital of VND445 trillion ($17.16 billion).

The projects span various sectors, including 40 in transportation, 12 in industrial and civil construction, 12 in education, 9 in socio-cultural fields, 5 in public health, and 2 in irrigation.

The PM highlighted the Government's priorities, including promoting growth while maintaining macroeconomic stability, targeting economic growth of over 8% in 2025, and creating conditions for double-digit growth in subsequent years.

Key focus areas include reorganizing the political system, restructuring administrative units, advancing science and technology, fostering innovation, accelerating digital transformation, promoting green transition and the circular economy, and pursuing deep and effective international integration. The private sector is identified as a crucial driver of the national economy.

The Party has determined that developing comprehensive, modern, and strategic socio-economic infrastructure is a critical solution to achieving these goals, he said. Public investment is being used to lead private investment, mobilizing all resources for national development.

In line with these guidelines, the Government, ministries, and localities have concentrated resources, removed bottlenecks, and resolved challenges to ensure the timely completion of key projects by 2025.

Notable examples include Phase I of Long Thanh International Airport, Terminal T3 at Noi Bai Airport, Gia Binh Airport (Bac Ninh), the Hanoi National Exhibition Center, and over 3,000 km of expressways connecting all regions of the country. Efforts are also underway to accelerate projects such as the Lao Cai - Hanoi - Hai Phong railway, the Hanoi - Vientiane (Laos) Expressway, the Nam Dinh - Thai Binh - Hai Phong Expressway, the Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) Expressway, and the Hon Khoai (Ca Mau), Can Gio, and Lien Chieu seaports. The groundbreaking for the North-South high-speed railway line is planned for late 2026. These projects are considered "game-changers" that will transform Vietnam's strategic infrastructure landscape.

-Thanh Thủy

The project includes land reclamation for 1,357 ha, with a site leveling area of 906 ha at an elevation above 2.9 m.

Vingroup Group has officially started construction of the Can Gio Coastal Urban Tourism Project, spanning 2,870 hectares, with the vision to become a world-leading ESG urban model.

Located in Long Hoa Commune and Can Thanh Town, Can Gio District, Ho Chi Minh City,  the urban area will accommodate an estimated population of approximately 230,000 people.

Speaking at the ceremony, Vice Chairman of the Ho Chi Minh City (HCMC) People's Committee Duong Ngoc Hai noted that HCMC is entering a new development phase, driven by strategic goals in urban space, economic models, and quality of life.

He emphasized that the development of the coastal ecological urban area is a breakthrough direction  that is consistent with Resolution No. 36-NQ/TW of the Party Central Committee on the sustainable development of Vietnam's marine economy towards 2030, with a vision to 2045.

The project aims to establish a coastal tourism and resort urban area, a smart city, high-tech services, housing, and hotels capable of welcoming 8–9 million tourists annually.

The project includes land reclamation for 1,357 ha, with a site leveling area of 906 ha at an elevation above 2.9 m.

Developed according to the ESG (Environmental–Social–Governance) urban model, the project prioritizes harmony between people, nature, and technology to achieve sustainable development and maximize the advantages of the natural ecosystem.

To further enhance connectivity, Vingroup has proposed the construction of a 48.5 km metro line connecting Nguyen Van Linh Boulevard in District 7 (HCMC) to the Can Gio Coastal Urban Tourism Project, with a total estimated investment of approximately $4 billion.

-Thiên Di

The project entails a total investment capital of $263 million, utilizing funds from both central and provincial budgets.

 A groundbreaking ceremony for the Ninh Binh section of the Ninh Binh – Hai Phong Expressway was held on April 19.

The Ninh Binh - Hai Phong Expressway serves as a strategic transportation route connecting the northern coastal provinces with the North-South expressway axis.

The section that runs through the northern province of Ninh Binh spans approximately 25.3 km, passing through Yen Mo and Yen Khanh districts. The project entails a total investment capital of over VND6.8 trillion ($263 million), utilizing funds from both central and provincial budgets.

Designed to Class A expressway standards, the project features a design speed of 120 km/h. It includes 4 interchanges, 12 overpasses, 19 underpasses for local access, frontage roads, drainage works, Intelligent Transport Systems (ITS), and rest stops, ensuring a synchronous, modern, and safe infrastructure system.

 

-Nguyễn Thuấn

It will be built as a modern, green, and smart IP.

Construction of Tien Thanh Industrial Park (IP) kicked off in northern Hai Phong port city on April 18 with estimated investment capital of nearly VND4.6 trillion ($176 million).

The project is invested in by Tien Thanh IP Investment JSC which will contribute over VND919 billion ($35 million) to the investment capital. The rest will be mobilized from different sources.

The IP covers an area of 410.6 ha in Tien Lang district.

The investor aims to build a modern, green, and smart IP, where high-value, environmentally friendly industries will converge.

Mr. Nguyen Duc Tho, Vice Chairman of Haiphong People's Committee, hopes that in the future, the park will help to promote the city’s FDI attraction while contributing to generating jobs for some 30,000 workers.

 

-Trần Kỳ

Warburg Pincus is one of the world's leading investment management firms, which has invested over $2 billion in Vietnam.

Prime Minister Pham Minh Chinh hosted a reception for Chief Executive Officer of Warburg Pincus Jefferey Perlman in Hanoi on April 18.

Warburg Pincus is one of the world's leading investment management firms, managing over $83 billion. Since 2013, it has invested more than $2 billion in Vietnam, creating over 40,000 jobs.

The PM welcomed Warburg Pincus's efforts and commitment to expanding investment in southern Ba Ria-Vung Tau province and Vietnam as a whole as well as its proposal to build an expressway connecting Long Thanh International Airport with Ho Tram.

He called on Warburg Pincus to expand its investments in Vietnam, as well as mobilize as much capital as possible for both public and private sectors, adding that Vietnam will actively cooperate to ensure the most effective use of these funds.

Mr. Perlman, who is also Chairman of the Board of Directors of U.S.-ASEAN Business Council (USABC), confirmed  strong support from U.S. businesses for Vietnam.

He affirmed that U.S. businesses view Vietnam as a very reliable partner, and the country has been very proactive in its reforms, achieving success both in short term and long term.

U.S. investors trust in Vietnam's potential and long-term prospects, Mr. Perlman said.

Regarding bilateral trade, Vietnam has been very active in addressing the concerns of the U.S. and is continuing to remove barriers and obstacles for businesses, including U.S. companies, as well as improves the business and investment environment to foster stronger cooperation.

Warburg Pincus stands ready to provide advice and support in finding mutually beneficial solutions regarding tariffs between the two nations, he said.

 

-Tuấn Khang

Of the figure, nearly $1.76 billion transfered through remittance companies.

Remittances to Ho Chi Minh City reached over $2.41 billion in the first quarter of the year, increasing 19.6% compared to the previous quarter.

Of the figure, the amount transfered through remittance companies stood at nearly $1.76 billion, while $655 million through commercial banks, according to Deputy Director of the State Bank of Vietnam's Region 2 Branch Nguyen Duc Lenh.

Remittances to the city from Asia continued to make up the largest share, 48.7%, up 46.1% year-on-year.

Mr. Lenh stated that there were positive factors for increasing remittances, such as the effectiveness of monetary and foreign exchange policies, a stable investment and business environment, and the development of the labor market.

Additionally, remittance companies and commercial banks provided high-quality services that create convenience for remittance recipients.

In 2024, remittances to HCM City amounted to $9.55 billion, a year-on-year rise of 0.9%.

 

 

-Hồng Minh

Vietnam’s export rice prices have recovered somewhat in recent weeks following a sharp decline in late 2024 and early 2025.

Vietnamese rice continues to hold a strong position in the global market, with fragrant and high-quality varieties allowing high export prices to remain without pressure coming from lower-grade Indian rice. The Ministry of Agriculture and Environment (MAE) is now working closely with other ministries and sectors to regulate rice prices during harvest times and to implement strategies to further boost export prices in the near future.

Earlier, from late 2024 to the end of February, domestic paddy and export rice prices experienced a sharp decline. However, in the first half of March, Vietnam’s export rice prices began to rebound slightly while those of other countries continued to fall.

Competitive edge

According to the Vietnam Food Association (VFA), as of March 15, Vietnam’s 5 per cent broken rice was being offered at $392 per ton on the export market, up $3 per ton from the previous week. Meanwhile, 25 per cent broken rice was priced at $364 per ton and 100 per cent broken rice at $307 per ton. In contrast, India’s export rice prices have fallen to their lowest levels in 21 months due to weak demand and fierce competition from other exporting countries. Thai 5 per cent broken rice also fell, by $7-10 per ton compared to the previous weekend, impacted by exchange rate fluctuations.

At a recent conference chaired by Deputy Prime Minister Tran Hong Ha on rice production and market trends, Mr. Ngo Hong Phong, Director of the Department of Quality, Processing, and Market Development at the MAE, noted that global rice import demand is expected to remain strong in 2025. The advantages of Vietnam’s fragrant and high-quality rice continue to be favored in premium markets such as the EU, the US, and Japan. However, India’s decision to lift its white rice export ban last September intensified pressure on other exporting countries, particularly in the low-grade white rice segment.

Mr. Le Thanh Tung, Vice President of the Vietnam Rice Industry Association, emphasized that the fall in rice prices during the first two months of this year was not due to oversupply but rather seasonal factors affecting different regions. He stressed the importance of rapidly and accurately disseminating information on production conditions, weather patterns, and domestic and global rice markets to local authorities, businesses, and farmers.

Meanwhile, Mr. Pham Thai Binh, Chairman of the Trung An High-Tech Agriculture JSC, believes there is no need to be concerned about India’s rice exports. He pointed out that 80 per cent of Vietnam’s rice exports are in the high-quality segment, meaning the impact of India’s return to the market, primarily with lower-quality rice, is only temporary.

Moreover, limited domestic supply, expected to fall to 43.14 million tons in 2025 due to saline intrusion in the Mekong Delta, prevents Vietnam from resorting to distressed sales, thereby easing short-term price pressures. Additionally, forecasts indicate that China will need to import 5-6 million tons of rice this year, while the Philippines is expected to maintain imports of 4.5-4.7 million tons. “Rice exports are set to rebound from the second quarter, supporting a recovery in Vietnam’s rice prices,” Mr. Binh predicted.

Mr. Vuong Quoc Nam, Vice Chairman of the Soc Trang Provincial People’s Committee, noted that the winter-spring rice harvest has begun and is expected to peak between late March and early April.

Removing barriers

Analysis and forecasts of global rice demand indicate a positive outlook for Vietnamese rice. Therefore, Deputy Prime Minister Ha has instructed the Ministry of Industry and Trade to urgently assess the domestic rice market. The high-quality rice segment, which accounts for 80 per cent of export volumes, remains stable in pricing as it does not directly compete with India and Thailand in the low-quality rice segment. There is also an urgent need to amend and supplement Decree No. 107/2018/ND-CP on the rice export business, to address current difficulties and obstacles faced by rice exporters.

For the MAE, the Deputy Prime Minister has directed the development of a comprehensive database on rice production and exports. He also urged research initiatives to build an economic model to support State management of the rice market. “The MAE must reconsider and restructure rice production seasons and areas, ensuring proactive irrigation and transport infrastructure to adapt to climate change,” he emphasized. “It must also work with the Ministry of Science and Technology to rapidly develop a national rice branding strategy, secure intellectual property rights, and establish geographical indications for trade promotion and market expansion. Additionally, e-commerce development in the rice industry should be prioritized.”

Regarding financial support, the Deputy Prime Minister urged the State Bank of Vietnam to resolve issues related to loan terms, limits, and conditions. He also requested research into preferential credit packages to help businesses invest in technological applications for rice storage, processing, transportation, and exports.

 

To halt the decline, stabilize prices, and push rice prices back upwards, the following measures must be implemented. First, solutions must be devised to enhance the capacity of storage facilities, enabling stockpiling during peak periods. Second, the loan quota for businesses to purchase and stockpile rice is currently short, and interest rates are not sufficiently attractive. Therefore, the State Bank of Vietnam and businesses must further clarify credit requirements to meet current storage capacity. Third, local authorities must intensify inspections and strictly handle cases where farmers are exploited through price manipulation during difficult times. Fourth, to ensure long-term market stability, key rice exporters must establish supply chain linkages with farmers, from production to purchasing, milling, processing, and exporting."

Minister of Agriculture and Environment Do Duc Duy

 

 

Vietnam exported over 8 million tons of rice in 2023, and in 2024 this figure is expected to reach approximately 9 million tons. This confirms that Vietnamese enterprises have proactively sought out markets and ensured stable rice production, eliminating concerns about consumption. To address current difficulties in rice consumption, we propose that the State Bank of Vietnam direct commercial banks to consider increasing loan limits and extending loan terms for export enterprises purchasing rice for storage, preventing the current situation of excessive selling."

Mr. Nguyen Ngoc Nam, Chairman of the Vietnam Food Association (VFA)

 

 

According to the United States Department of Agriculture (USDA):

- Global rice production for the 2024/2025 crop year is projected to reach a record 533.7 million tons of milled rice, an increase of 11 million tons compared to the previous crop.

- Global supply is expected to reach 712.8 million tons, up 9.5 million tons.

- Global consumption is forecast to hit a high of 530.3 million tons, an increase of 6.2 million tons against 2024, driven by rising demand in countries such as India and the Philippines.

- Global trade is expected to reach 58.5 million tons, driven by strong demand from major markets such as the Philippines and Indonesia.

 

#box1745032599223{background-color:#75b463}

-Chu Khôi

The proposed New Generation Free Trade Zone aims to introduce exceptional and breakthrough mechanisms and policies to attract investment, finance, trade, and services.

During its 44th session on April 17, the National Assembly Standing Committee reviewed the draft Resolution intended to replace Resolution No. 35/2021/QH15 dated November 13, 2021, concerning the piloting of specific mechanisms and policies for Hai Phong City's development.

The draft Resolution outlines the piloting of measures across key areas such as investment management; financial and state budget management; planning, urban affairs, resources, and environmental management; science, technology, and innovation management; and the establishment and operation of a New Generation Free Trade Zone in Hai Phong City.

The proposed New Generation Free Trade Zone aims to introduce exceptional and breakthrough mechanisms and policies to attract investment, finance, trade, and services, while promoting exports, industrial growth, research and development (RD), and high-quality human resource development.

The zone will be divided into functional zones, including a production zone, a port and port logistics zone, a commercial-service zone, and other designated functional areas, as prescribed by law.

To foster investment and promote production and business activities within the zone, the draft Resolution provides for several preferential policies, such as simplified administrative procedures for investment, business activities, import-export, immigration, temporary residence, work permits, land, and construction investment. It also proposes optimized incentives relating to land rent, water surface rent, and taxes.

Under the draft, except for investment projects covered by Article 30 of the 2020 Law on Investment, investors in the zone may follow special investment procedures as prescribed by investment laws for specific sectors.

These include establishing innovation centers and RD centers, investing in semiconductor integrated circuits, design and manufacturing technology for components, integrated circuits (ICs), flexible electronics (PE), chips, and semiconductor materials, as well as projects in the field of information technology.

-Đỗ Phong

At the event on April 17, PM Pham Minh Chinh highlighted public-private partnership as key to sustainable development.

At a business dialogue with leaders, theming “Public-private partnership for innovation and sustainability,” which was  held in Hanoi on April 17 under his chair, Prime Minister Pham Minh Chinh highlighted public-private partnership as key to sustainable development.

The dialogue, held as part of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, was attenđed by United Nations Deputy Secretary-General Amina Mohammed, Special Envoy for Climate Change of the Italian Prime Minister Francesco Corvaro, and other senior Vietnamese and foreign oficials, alongside over 500 delegates, including heads of delegations from countries and international organizations participating in the P4G, executives from domestic and international corporations, associations, and businesses.

At the event, Prime Minister Pham highlighted four key issues that were agreed upon during the dialogue, including:

- Public-private partnership (PPP) is the key to realizing sustainable development goals;

- Developing countries need to build a comprehensive, and effective ecosystem to promote PPPs for green and digital economic development;

- Green growth and sustainable development must go hand in hand with advancements in science, technology, innovation, and digital transformation; and

- High-quality human resource is the decisive factor for the success of green PPP projects.

The Prime Minister called on the business community and business associations to further promote their proactive role by increasing investment in green technologies and digital transformation, adopting global standards, participating in green infrastructure projects through the PPP model.

He emphasized the need to implement Environmental, Social, and Governance (ESG) standards, support the innovation ecosystem, and actively contribute to the development of sustainable development policies

In his pre-recorded speech, the OECD Secretary-General Mathias Cormann said, as the largest renewable energy supplier in Southeast Asia, Vietnam has many opportunities to promote cooperation with international partners in energy sector.

 

He expressed his willingness to collaborate and support Vietnam in advancing the PPP model, attracting investment, providing green skills training for workers, sharing experiences as well as organizing policy discussions on green growth.

The OECD will release the Vietnam Economic Report in June 2025, offering numerous pilot recommendations and proposals to support  the country's rapid, sustainable, and inclusive development in the coming period, the OECD Secretary - General said.

EuroCham Chairman Bruno Jaspaert, for his part, held that Vietnam is having a strategic opportunity to foster sustainable development and innovation, and become a regional leader in this field.

This opportunity will set Vietnam apart from other investment destinations, he said, suggesting the Government continue to address bottlenecks in management, institution, and green finance access.

-Phạm Long

The four-day summit adopted Hanoi Declaration on Sustainable and People-centered Green Transition, and the Declaration on Strengthening Multilateral and Institutional Partnerships to Promote Green Transition and Sustainable Development.

The 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit – the first hosted by Vietnam, successfully wrapped up on April 17.

Prime Minister Pham Minh Chinh, Prime Minister of Ethiopia Abiy Ahmed Ali, Deputy Prime Minister and Foreign Minister Bui Thanh Son, along with many other domestic and international senior officials, attended the closing ceremony.

Five key agreements reached at the four-day summit, including:

- Agreement on mobilizing finance to promote green transition and sustainable development, public-private partnership models, and innovative financial policies;

-  Agreement on encouraging research and development of green technology solutions;

- Agreement on transformation of sustainable agriculture and food systems;

- Agreement on the development and training of a high-quality workforce, especially in the fields of science, technology, and innovation; and

- Agreement on effective and sustainable energy transition that is environmentally friendly.

The summit adopted Hanoi Declaration on Sustainable and People-centered Green Transition, and the Declaration on Strengthening Multilateral and Institutional Partnerships to Promote Green Transition and Sustainable Development.

PM Pham Minh Chinh was quoted by the Government News as stating at the closing ceremony that Vietnam pledges to work with member countries and international partners in realizing the commitments and initiatives put forth at the summit, thus contributing to promoting a greener and more sustainable future.

The Vietnamese leader called on countries, organizations, and businesses to strengthen cooperation with P4G members, contribute responsibly to green future of the world, turn commitments into actions, ideas into concrete projects, and consensus into strong determination for implementation, towards a sustainable and prosperous future for all nations, and peoples.

 

 

The success of the summit reaffirmed Vietnam's pioneering role in addressing global challenges, making contribution to the collective efforts of the international community and leveraging valuable international resources for the country's socio-economic development, according to him.

As part of the summit, a signing ceremony took place for three loan agreements between Vietnam and the Asian Development Bank (ADB) as well as the International Bank for Reconstruction and Development (IBRD) to provide financing for projects on climate change-adaptive infrastructure, serving for sustainable development, with a total value of nearly $400 million.

Ms. Robyn McGuckin, P4G’s Executive Director, expressed her gratitude to the Vietnamese Government for successfully organizing the P4G and for inspiring leaders to take action against climate change, promoting multilateral cooperation, and coordinating policies towards sustainable and inclusive development.

She announced an additional US$4.7 million in support for 17 innovative startup partnerships and reaffirmed the commitment of the Government of South Korea to contribute $1.8 million to P4G.

At the summit, countries and international organizations made numerous commitments to supporting and contributing to the goals of green transition and sustainable development.

Specifically, South Korea is committed to providing financial support for P4G in the upcoming period while the UAE will provide $50 billion for renewable energy projects in 70 countries.

Besides, Japan will support multiple projects in 25 countries through a credit-sharing mechanism, contributing to the global carbon reduction target.

Countries also set targets for reducing greenhouse gas emissions and achieving carbon neutrality through their nationally determined contributions (NDCs).

-Vân Nguyễn