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<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/14/daisuvietnamcowwet-17631102042911390200366.jpg" alt="PM Pham Minh Chinh's visit to Kuwait to usher in new phase of bilateral ties: Ambassador- Ảnh 1."></figure>Vietnamese Ambassador to Kuwait Nguyen Duc ThangThe visit will be made at the invitation of Kuwaiti Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. This is the first by a high-level Vietnamese leader to Kuwait in 16 years and it comes as the two countries prepare to mark 50 years of diplomatic ties in January 2026.According to Ambassador Nguyen, the visit holds significant meaning both for bilateral cooperation and for Viet Nam's broader engagement with the Middle East. It follows the Prime Minister's 2024 tours to three Gulf nations, underlining Viet Nam's resolve to advance its foreign policy toward the region and to realize Resolution 59-NQ/TW on international integration in the new context. Through high-level exchanges, Viet Nam aims to reinforce friendly relations, strengthen political trust, expand markets, and unlock new cooperation potential with Kuwait.As Kuwait is currently the Chair of the Gulf Cooperation Council (GCC) and placing greater emphasis on ties with Asian nations, including ASEAN members, the two sides are well positioned to contribute to ASEAN–GCC cooperation. Viet Nam also hopes Kuwait will help push forward negotiations toward a Viet Nam–GCC Free Trade Agreement starting in 2025.During the visit, Prime Minister Pham is expected to meet with the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, hold talks with his Kuwaiti counterpart, and meet ministers and major business leaders. Both sides will review nearly five decades of cooperation, exchange views, and outline directions and practical measures to expand collaboration in the coming period. A key event will be the Prime Minister's policy speech at the Kuwait Diplomatic Institute, where he will highlight Viet Nam's socio-economic progress and its priorities for deepening long-term, multifaceted cooperation with Kuwait and the wider Middle East.Kuwait is the top Middle Eastern investor in Viet Nam, most notably its US$3.5 billion contribution to the Nghi Son Refinery and Petrochemical Complex. Bilateral trade reached US$7.3 billion in 2024 and topped US$5 billion in the first nine months of 2025. Imports of Kuwaiti crude oil ensure a stable supply for the Nghi Son refinery, which supplies more than 35 percent of Viet Nam's domestic fuel demand. Meanwhile, Viet Nam's exports to Kuwait have become more diversified, ranging from agricultural and aquatic products to machinery, electronics, and wooden furniture.Ambassador Nguyen said that the two countries can expand cooperation in oil, gas, and energy, including emerging areas such as renewable energy. Viet Nam has the potential to become a major oil storage and distribution hub in Southeast Asia, while both sides can partner in solar, wind, and green hydrogen projects by combining Kuwait's financial resources with Viet Nam's engineering capabilities.Viet Nam also welcomes more investment from Kuwaiti funds and sees opportunities to collaborate on major projects that could help shape new financial centres in the region. Viet Nam can serve as Kuwait's gateway to Southeast Asia, while Kuwait can help Viet Nam access Middle Eastern and neighboring markets.In addition, Viet Nam's strength in agricultural and aquatic exports allows it to provide stable, diverse and Halal-compliant food supplies for Kuwait. Enhancing this cooperation would support Kuwait's food security while helping Viet Nam develop Halal-certified agricultural value chains and expand into GCC markets.The diplomat also suggested that both countries should work toward establishing direct air routes and boosting tourism promotion, as Viet Nam is becoming a popular destination among Kuwaiti travelers./.

Prime Minister Pham Minh Chinh's official visit to Kuwait from November 16–18 is set to open up a new stage of development in bilateral relations, Vietnamese Ambassador to Kuwait Nguyen Duc Thang said.

PM Pham Minh Chinh's visit to Kuwait to usher in new phase of bilateral ties: Ambassador

E-commerce witnessing robust growthAt the Government’s regular press conference for October 2025 held on November 8, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan responded to questions from reporters on solutions to address the issue of counterfeit and imitation goods on e-commerce platforms.He emphasized that e-commerce in Vietnam is experiencing strong growth, noting, “In 2025, we expect the growth rate to reach around 25-27%, which is very high.”<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/11/screenshot-2025-11-11-164018-16415399.png" alt="Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan answers reporters’ questions about the fight against counterfeit and imitation goods on e-commerce platforms. Photo: VGP"></figure>Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan answers reporters’ questions about the fight against counterfeit and imitation goods on e-commerce platforms. Photo: VGP&nbsp;&nbsp;According to the Deputy Minister, e-commerce is a modern business model that relies on digital platforms to deliver goods to consumers quickly and conveniently, thereby contributing to the overall expansion of domestic trade.He also affirmed that the majority of businesses selling on e-commerce platforms comply with regulations and offer genuine products, with counterfeit and imitation goods accounting for only a small proportion.However, Deputy Minister Tan acknowledged that despite the sector’s rapid development, counterfeit, low-quality, and intellectual property-infringing goods continue to infiltrate online channels. “This remains a key challenge in our enforcement work,” he said.Multi-agency coordination needed to combat counterfeitingRegarding solutions, the Deputy Minister said the MoIT is implementing several key measures.First, in terms of legal frameworks, Vietnam already has a comprehensive regulatory system for e-commerce management, violation handling, and consumer protection. These laws clearly define the responsibilities of management agencies, organizations, and individuals involved.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/11/screenshot-2025-11-11-164736-16480548.png" alt="Overview of the press conference. Photo: VGP."></figure>Overview of the press conference. Photo: VGP.&nbsp;&nbsp;&nbsp;Currently, the MoIT is representing the Government in reporting to the National Assembly on the drafting of the Law on E-Commerce, which will continue to clarify the duties of all stakeholders on e-commerce platforms.Second, on direction and administration, the Government, the Prime Minister, and relevant ministries have issued numerous resolutions and directives to strengthen efforts against counterfeit goods, including in the e-commerce environment. The MoIT is also implementing a Prime Minister-approved project to combat fake, substandard, and low-quality goods traded online.Regarding enforcement, market surveillance forces play a core role. Local authorities have been working closely with other functional agencies such as the police and customs to intensify inspections and supervision.“We have carried out many regular and continuous inspections. Earlier this year, under the Prime Minister’s direction, a peak campaign was launched nationwide, helping prevent and handle multiple violations. However, the ministry views this as an ongoing mission, not a temporary effort,” Deputy Minister Nguyen Sinh Tan stressed.Third, on the responsibilities of e-commerce platform operators, he noted that under existing regulations, platform owners must verify the origin and authenticity of goods listed for sale, ensuring proper invoices and documentation.They are also required to establish mechanisms for checking and tracking goods during delivery to protect consumers. If counterfeit or imitation products are detected, platforms must remove the offending sellers within 24 hours.While e-commerce activities take place in the digital space, physical goods are still traded and delivered, Tan said, underscoring the need for authorities to focus inspections on warehouses and production facilities linked to counterfeit goods.“We are encouraged by the strong growth of e-commerce, which shows that consumers have confidence in this business model,” said Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan. He expressed his hope that relevant forces, together with e-commerce platform operators, will continue to work closely to prevent and push back against counterfeit and imitation goods in the online environment.Nguyen Thao - Le Van

The Ministry of Industry and Trade (MoIT) is tightening e-commerce management to prevent violations and better protect consumers.

MoIT rolls out measures to curb counterfeit goods on e-commerce platforms

On November 10, in Washington, D.C., a negotiation session took place between Minister of Industry and Trade Nguyen Hong Dien, Head of the Government Negotiation Delegation, and US Trade Representative Jamieson Greer, Head of the US Negotiation Delegation.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/11/z721328894973347e14d17a6382e4dddbcd50cde2566fd-19120658.jpg" alt="Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer."></figure>Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer.The session was part of the ongoing bilateral negotiations on the reciprocal trade agreement between Vietnam and the US.&nbsp;This was the eighth ministerial-level direct negotiation between the two sides, held right before the official technical-level negotiations scheduled for November 12 - 14, in Washington, D.C. In an open, frank and constructive atmosphere, the two ministers exchanged views and identified orientations for resolving major outstanding issues, while also discussing matters related to bilateral trade relations.At the beginning of the session, US Trade Representative Jamieson Greer reviewed the work that both sides had implemented and highly appreciated the two countries’ agreement on the Joint Statement on the Framework for a Fair and Balanced Reciprocal Trade Agreement, considering it an important basis for accelerating and completing the negotiation process. He also valued Vietnam’s goodwill, systematic approach and problem-solving manner toward the proposals raised by the US, while recognizing the efforts and constructive spirit of the Vietnamese negotiation delegation. He provided frank and rather positive feedback on a number of Vietnam’s proposals.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/11/z721328895983798e9dcda1ed5be4bce6319cff7b6041f-19135172.jpg" alt="Overview of the negotiation session."></figure>Overview of the negotiation session.For Vietnam’s part, Minister Nguyen Hong Dien emphasized the country’s determination to build a balanced and sustainable economic and trade relationship with the US, and informed his counterpart of various proactive measures Vietnam had undertaken recently to promote bilateral trade. The minister affirmed that completing the reciprocal trade agreement would further strengthen bilateral relations not only in trade but also in many other areas, in line with the Vietnam - US Comprehensive Strategic Partnership.On that basis, Minister Nguyen Hong Dien made several proposals to help accelerate the negotiation process. He also suggested that both sides adopt a practical and flexible approach for the mutual benefit of the two countries. These proposals were acknowledged by US Trade Representative Jamieson Greer, who assigned the US technical team to study and discuss them further with the Vietnamese side.The two ministers agreed that this negotiation session was of great significance in addressing the remaining issues, with a view to soon finalizing the reciprocal trade agreement for the benefit of both Vietnam and the US.Nguyen Minh from Washington, D.C., United States

Vietnam and the US enhance cooperation at the 8th ministerial talks in Washington D.C., advancing a balanced, mutually beneficial bilateral trade partnership.

Vietnam - US: Promoting bilateral trade cooperation for sustainable development

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/7/img4628-17624323823681537127385-1762481993245492596506.jpg" alt="Viet Nam to launch first locally-owned semiconductor chip factory in 2026- Ảnh 1."></figure>Prime Minister Pham Minh Chinh (L) at the meeting with the delegation from the Semiconductor Equipment and Materials International (SEMI) in Ha Noi, November 6, 2025. - Photo: VGP/Nhat BacPham made the statement in Ha Noi on November 6 during a meeting with a delegation from the Semiconductor Equipment and Materials International (SEMI). The delegation consists of 32 executives from SEMI and its member companies representing over 3,700 firms across the global semiconductor supply chain, who arrived in Viet Nam for the 2025 SEMIEXPO.The Prime Minister noted that General Secretary To Lam has repeatedly reiterated Viet Nam's goal of achieving rapid and sustainable development based on science, technology, innovation, and digital transformation, with a strong focus on technological autonomy and competitiveness in strategic sectors, particularly semiconductors.Viet Nam has already adopted a national semiconductor industry development strategy through 2030, with a vision to 2050, a program on semiconductor workforce development, and a list of 11 strategic technologies and products, said Pham.He called on SEMI and global semiconductor enterprises to help Viet Nam to develop a comprehensive semiconductor ecosystem — from R&amp;D and training of high-quality engineers to progressing beyond testing and packaging toward design, fabrication, and manufacturing, while integrating domestic firms into global value chains.The Government chief affirmed that Viet Nam will continue to refine its legal framework, develop modern and synchronized infrastructure, enhance governance capacity and workforce quality, and simplify administrative procedures. This includes establishing a national one-stop investment service portal to support efficient and long-term investment in the local semiconductor ecosystem.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/7/img4668-1762432382697853836518-17624820889811023160139.jpg" alt="Viet Nam to launch first locally-owned semiconductor chip factory in 2026- Ảnh 2."></figure>Dutch Ambassador to Viet Nam Kees Van Baar speaks at the meeting- Photo: VGP/Nhat BacDutch Ambassador to Viet Nam Kees Van Baar — who also serves as Chairman of the Southeast Asia Semiconductor Association — and representatives from international semiconductor companies expressed their admiration for Viet Nam's recent socio-economic progress and its strategic direction in science, technology, and semiconductors, which align closely with global trends and SEMI's objectives.The delegates voiced support for Viet Nam's semiconductor development policies and proposed further improvements, including clearer regulations, simplified administrative procedures, English-language investment services, improved SME access to supply chains, and enhanced infrastructure such as clean energy and digital grids.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/7/z7196399232898b22be25a445ef82d1c6151e10e7f8a1f-1762435707695479669795-1762482133637112500736.jpg" alt="Viet Nam to launch first locally-owned semiconductor chip factory in 2026- Ảnh 3."></figure>Prime Minister Pham Minh Chinh and members of the SEMI delegation pose for family photo, Ha Noi, November 6, 2025 - Photo: VGP/Nhat BacEager to deepen cooperation, the delegates recommended that Viet Nam set clear strategic priorities and establish a national semiconductor association to strengthen links among government, industry, and academia. Such an initiative, they said, would drive policy coordination, research, training, financing, and supply-chain development — paving the way for Viet Nam to emerge as a leading semiconductor hub in the region and the world./.&nbsp;

Viet Nam is making all-out efforts to inaugurate its first domestically-owned semiconductor chip factory in 2026, said Prime Minister Pham Minh Chinh affirmed.

Viet Nam to launch first locally-owned semiconductor chip factory in 2026

The information was shared by Mr. Luke Treloar, Managing Partner and Head of Healthcare and Life Sciences Strategy Consulting at KPMG Vietnam, during the seminar titled “Future Value of the High-Quality Generic Drug Market,” organized by the Dai bieu Nhan dan Newspaper on the morning of November 5.High-quality generics can cut treatment costs by up to 40%.The report, “Future Value of the High-Quality Generic Drug Market,” published by KPMG Vietnam, highlights that Vietnam is entering a period of rapid population aging, with the percentage of elderly people projected to increase by an additional 3.6% by 2034, consequently driving a strong rise in demand for healthcare and drug consumption.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/06/ds-17203146.png" alt="Overview of the Seminar. Photo: Duy Thong"></figure>Overview of the Seminar. Photo: Duy ThongAccording to Mr. Luke Treloar, Managing Partner and Head of Healthcare and Life Sciences Strategy Consulting at KPMG Vietnam, Vietnam has achieved universal health insurance coverage and built a robust healthcare system. However, in the context of an aging population, the healthcare budget increasingly faces pressure.In this scenario, the development of high-quality generic drugs becomes a strategic solution.Mr. Treloar emphasized: “Generic drugs help reduce costs, maintain affordability for the public, while supporting the healthcare system to become more sustainable and inclusive.” Experience from 12 European countries between 2005 and 2014 showed that generics resulted in a 49-69% reduction in daily treatment costs, concurrently broadening access to healthcare services.The KPMG report noted that Vietnam's pharmaceutical market grew from $4 billion in 2019 to a projected $9.2 billion in 2029. Generic drugs played a dominant role, increasing their market share from 55.2% in 2019 to 62.4% in 2029, with a Compound Annual Growth Rate (CAGR) of 11% during the 2019-2024 period. Conversely, branded drugs grew slower, at only 7%, reaching USD 1.4 billion by 2029.Notably, Vietnam's generic drug market is also rated as one of the most dynamic markets in Asia. During the 2019-2024 period, the average growth rate reached 9.1%, ranking third in the region, trailing only China (12.8%) and Singapore (9.3%).This growth rate is projected to accelerate to 9.7% during the 2024-2029 period, positioning Vietnam as the fastest-growing generic drug market in Southeast Asia. However, the average per capita expenditure on generic drugs remains modest, at only USD 35.9 in 2024, indicating significant room for growth, especially as income and healthcare demand increase.Vietnam is transitioning from low-to-middle income status, with per capita income increasing by 5.9% annually, and is expected to rise by 8.9% per year over the next five years. The expansion of the middle class and improving living standards are facilitating better public access to pharmaceutical products and healthcare services. The National Strategy for Pharmaceutical Industry Development aims to transform Vietnam into an ASEAN pharmaceutical hub by 2030, focusing on enhancing domestic production capacity, drug quality, and exports.According to KPMG, Vietnam's generic drug market is forecasted to reach USD 13.1 billion by 2039. If policy reforms concerning regulations, investment, and incentives are effectively implemented, the industry could grow by 15-20% annually, reaching a market size of USD 29-55 billion, thereby positioning Vietnam as a leading pharmaceutical hub in Southeast Asia.Regarding economic contribution, if the current growth rate is maintained, the generic drug sector will contribute USD 4.4 billion to the GDP by 2039. With 15% annual growth, this figure would reach USD 9.4 billion, and if it increases by 20% annually, the GDP contribution could soar to USD 20.1 billion.In total, the generic drug industry could contribute USD 66.5 billion to the national GDP, including USD 20.1 billion in direct value from manufacturing, distribution, and sales; USD 24.2 billion in indirect contributions through the supply chain; and USD 22.2 billion from the induced impact of consumer spending.“These figures demonstrate that, with appropriate policies, generic drugs are not only a cost-effective healthcare solution but also a key economic sector, enhancing competitiveness and accelerating Vietnam's goal of becoming the region's pharmaceutical hub,” the KPMG expert stated.Drug quality is an uncompromising necessityDespite its strong development potential, Vietnam’s pharmaceutical industry must overcome several barriers to realize the goal of producing high-quality generic drugs, ranging from manufacturing capacity and administrative procedures to market efficiency.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/06/s-17211923.png" alt="Mr. Luke Treloar, Managing Partner and Head of Healthcare and Life Sciences Strategy Consulting at KPMG Vietnam, delivers a speech. Photo: Duy Thong"></figure>Mr. Luke Treloar, Managing Partner and Head of Healthcare and Life Sciences Strategy Consulting at KPMG Vietnam, delivers a speech. Photo: Duy ThongMr. Luke Treloar, Managing Partner and Head of Healthcare and Life Sciences Strategy Consulting at KPMG Vietnam, stated:&nbsp;According to KPMG, Vietnam currently has 288 pharmaceutical manufacturing facilities, yet only 20 meet the stringent EU-GMP standard, comprising 12 domestic and 8 foreign-invested enterprises. This figure clearly reflects the gap in technology, governance, and investment compared to countries with developed pharmaceutical sectors.The high cost of achieving EU-GMP compliance is the biggest challenge, requiring infrastructure upgrades, technology investment, and maintenance of international certification. Most small and medium-sized domestic enterprises struggle to access preferential capital, slowing down the international production expansion process and restricting both competitiveness and pharmaceutical self-sufficiency.However, legal barriers are also significant. Currently, the drug registration process takes 24-36 months, which is two to three times longer than in many ASEAN countries. This delay hinders the timely market entry of generic drugs, increasing production costs and limiting public access to affordable medicines. While the current drug pricing policy facilitates easier patient access, the low profit margins restrict enterprises from reinvesting, undertaking technological innovation, and expanding production.Mr. Gregory Charitonos, Chairman of the European Standard Medicines Sub-Committee (EuroCham), emphasized that in Europe, maintaining high and harmonized standards is a key factor in building a sustainable pharmaceutical industry capable of global competition. “With the ambition to become the region's pharmaceutical export hub, Vietnam should view EU-GMP compliance not as a barrier, but as the minimum and necessary foundation for the industry's development,” he stated.Sharing the same view, Mr. Attila Molnar, Vice Chairman and Treasurer of the European Standard Medicines Sub-Committee (EuroCham), argued that not all generic drugs are equal in terms of safety, efficacy, and manufacturing reliability. The EU-GMP standard ensures drugs are manufactured in a strictly controlled environment, with stable processes and transparent data, thereby maintaining patient trust and the credibility of pharmaceutical regulation. If products that do not meet these high standards are still considered equivalent, it will undermine patient confidence, lead to inconsistent treatment outcomes, and affect the reputation of healthcare governance.EuroCham experts proposed that Vietnam implement a fast-track review mechanism, mutual recognition for drugs already approved in the EU or the US, simplification of technical dossiers, tax and investment incentives, and the implementation of training and technology transfer programs. These reforms would not only reduce the administrative burden and attract domestic and foreign capital but also enhance competitiveness, promote pharmaceutical self-sufficiency, and help Vietnam move closer to its goal of building a modern, deeply integrated pharmaceutical industry.At the seminar, National Assembly delegates affirmed that drug quality is non-negotiable. The overarching spirit of the 2024 Law on Pharmacy and the National Strategy for Vietnam’s Pharmaceutical Industry Development to 2030, with a vision to 2045, is to proactively supply drugs that are high-quality, safe, effective, and reasonably priced, serving the public health and socio-economic development needs optimally.To achieve this goal, besides focusing on the development of innovator drugs or specialized treatment product lines, Vietnam needs to expand preferential policies for high-quality generic drugs. Concurrently, ministries and sectors must review and simplify drug inspection and dossier approval procedures, ensuring transparency and shortening the evaluation time while still adhering to international standards.<blockquote>Experts concluded that a harmonized and transparent legal framework will be the foundation for developing the high-quality generic drug market. This, in turn, will stimulate new growth for the pharmaceutical sector and expand public access to safe, effective, and reasonably priced medicines.</blockquote>Khanh Ly

Vietnam’s generic drug market is set to grow at a 9.7% Compound Annual Growth Rate (CAGR) from 2024 - 2029, making it ASEAN’s fastest-expanding market.

Vietnam forecast to spearhead ASEAN generic drug market expansion

Vietnam - A rising market contributing to global value chainsOn November 4, at the Switzerland - Vietnam Economic Forum 2025 co-hosted by the Swiss Embassy in Vietnam and the People’s Committee of Da Nang city, Deputy Minister of Foreign Affairs Le Thi Thu Hang emphasized that the forum holds special significance, reflecting the spirit of partnership between the two nations.She noted that hosting this year’s event in Da Nang demonstrates both sides’ shared determination to integrate economic cooperation more closely with local realities, contributing to inclusive and sustainable growth.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/05/dsc02900-17535226-15070352.JPG" alt="The Switzerland - Vietnam Economic Forum 2025&nbsp;contributes to promoting inclusive and sustainable growth."></figure>The Switzerland - Vietnam Economic Forum 2025&nbsp;contributes to promoting inclusive and sustainable growth.Philipp Rösler, Chairman of the Switzerland - Vietnam Economic Forum (SVEF), highlighted that both Vietnamese and Swiss enterprises share a dynamic and open spirit. “Vietnam and Switzerland have much in common&nbsp; diligence, discipline, and a strong sense of responsibility,”&nbsp;he said.“These shared values form a solid foundation for expanding cooperation, not only in the economy but also in education, science, research, and especially youth engagement, connecting the next generations of our two nations. Today’s initiative aims not only to build a partnership in business and ideas but also to strengthen the friendship between Switzerland and Vietnam,” Rösler added.He observed that with Vietnam’s political stability and strong economic momentum, this is an opportune time for both countries to deepen cooperation. “Vietnam is no longer a ‘frontier market’ but an emerging economy of great potential, making active contributions to global value chains,”&nbsp;Rösler remarked.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/05/4-15081939.png" alt="Philipp Rösler, Chairman of the Switzerland - Vietnam Economic Forum, highlights that Vietnam has emerged as a promising new market, making active contributions to global value chains."></figure>Philipp Rösler, Chairman of the Switzerland - Vietnam Economic Forum, highlights that Vietnam has emerged as a promising new market, making active contributions to global value chains.Vice Chairman of the Da Nang People’s Committee Ho Quang Buu stated that the elevation of Vietnam - Switzerland relations to a Comprehensive Partnership earlier this year marks the beginning of a new era of extensive and sustainable cooperation, paving the way for mutually beneficial growth in trade, investment, and other key sectors.“Although FDI cooperation between Da Nang and Switzerland remains modest with three projects totaling around USD 1.13 million, we see enormous potential in areas where Switzerland has strengths, such as finance, high technology, and tourism,”&nbsp;Mr. Ho Quang Buu said.He expressed hope that Swiss organizations, enterprises, and investors participating in the forum would serve as bridges to promote Da Nang’s investment environment and encourage Swiss and international investors to explore opportunities in the city, particularly in tourism and port development. He also welcomed collaboration with Swiss financial experts to help Da Nang shape its vision for an international financial center.New opportunities from the Vietnam - EFTA Free Trade AgreementDeputy Minister Hang underscored that Vietnam’s participation in multilateral economic cooperation frameworks, including 17 free trade agreements connecting the country with more than 60 key economies has enabled deeper integration into global production and supply chains. As a result, Vietnam now ranks among the world’s top 20 economies in both trade volume and foreign investment attraction.Within this broader context of international cooperation, Switzerland stands as one of Vietnam’s most important trading partners in Europe and the sixth-largest European investor in the country. Bilateral trade reached 2.45 billion Swiss francs (approximately USD 2.4 billion) in 2024, marking a 12% increase from 2023.Switzerland currently operates 214 direct investment projects in Vietnam, with total registered capital exceeding USD 2 billion, ranking 21st among 152 countries and territories investing in Vietnam. Major Swiss corporations are performing effectively, generating tens of thousands of jobs and contributing significantly to Vietnam’s socio-economic development.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/05/dsc02882-17554006-15090552.JPG" alt="Deputy Minister of Foreign Affairs Le Thi Thu Hang affirms that economic diplomacy serves as a key driver for trade, adding that the upcoming Vietnam - EFTA FTA will further expand market access for businesses from both countries."></figure>Deputy Minister of Foreign Affairs Le Thi Thu Hang affirms that economic diplomacy serves as a key driver for trade, adding that the upcoming Vietnam - EFTA FTA will further expand market access for businesses from both countries.Deputy Minister Hang emphasized that economic diplomacy plays a pivotal role in the age of globalization, connecting businesses, promoting trade and investment, and fostering cultural and social exchange. For Vietnam and Switzerland, it serves as a powerful instrument to transform potential into concrete cooperation opportunities.She noted that the upcoming Free Trade Agreement between Vietnam and the European Free Trade Association (EFTA) will create favorable conditions for businesses from both sides to access each other’s markets more easily. With a shared vision of green growth and people-centered development, economic diplomacy will continue to serve as the “golden key” driving comprehensive cooperation between Vietnam and Switzerland in trade, investment, science and technology, culture, and people-to-people ties.<blockquote>The Switzerland - Vietnam Economic Forum 2025 is taking place in Da Nang from 3 to 5 November, bringing together policymakers, business leaders, and experts to discuss key areas of bilateral and global cooperation. The agenda includes sessions on Vietnam’s strategic vision for regional and international integration; trade connectivity under the theme From bilateral cooperation to multilateral value chains; and financial development under the theme Defining Vietnam’s role in the global financial architecture.Other discussions focus on innovation, AI, and digital governance under the theme Building smart ecosystems for sustainable cities, as well as startup growth and innovation-driven development under the theme Empowering enterprises through policy, capital, and collaboration.The forum also features thematic sessions on various economic and social issues and an open dialogue on sustainable tourism toward net-zero emissions.</blockquote>Vu Le - Phuong Trang

Economic diplomacy seen as the “golden key” driving stronger Vietnam - Switzerland cooperation in trade, investment, innovation, and people-to-people ties.

Economic diplomacy: The “golden key” to Vietnam - Switzerland cooperation

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/31/tienganhbatbuoc-1761895258998446688573.jpg" alt="English to become compulsory language from grade 1 nationwide by 2030- Ảnh 1."></figure>Viet Nam plans to make English a mandatory subject from grade 1 by 2030The scheme aims to build a generation of globally minded citizens equipped for international integration.It marks a significant step forward from the current system, under which English is mandatory from grade 3, while grades 1 and 2 may study it as an elective if their schools meet certain criteria.Under the new roadmap, by 2030, at least 20 percent of schools are expected to achieve level 1 teaching standards, 5 percent level 2, and 2 percent level 3, based on criteria such as the English learning environment, teaching quality, digital resources, and teacher competency.At the preschool level, all institutions must, within five years, create conditions for children to become familiar with English, with at least 10 percent reaching level 1.By 2045, these proportions are expected to rise to 50 percent at level 1, 20 percent at level 2, and 10 percent at level 3.At the higher education level, 50 percent of universities are targeted to achieve level 2, and 35 percent level 3.The scheme also emphasizes developing an English-rich learning environment, integrating technology and artificial intelligence into teaching, promoting international cooperation, improving teacher training, and modernizing assessment methods.To materialize these goals, Viet Nam will need more than 22,000 English teachers for preschool and primary education, and will have to train at least 200,000 teachers capable of teaching in English by 2030.In Viet Nam, the three teaching levels are assessed based on several factors, including the language environment, teaching programs, learning materials, digital transformation, AI application, teacher quality and international cooperation.An education official added that the evaluation may also consider how often English is used in classes, signage and school websites.Currently, in Viet Nam, English is mandatory from grade 3. Some schools with enough qualified teachers and facilities can offer it from grade 1, but only as an elective with two lessons per week.The Politburo last year called for greater foreign-language education, with English a potential second language for schools nationwide./.&nbsp;

The Government has approved the scheme “Making English the Second Language in Schools for the 2025–2035 Period, with a Vision to 2045,” which sets a goal for all schools nationwide to make English a compulsory subject from grade 1 by 2030.

English to become compulsory language from grade 1 nationwide by 2030

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/30/nga-176181198207371644650.jpg" alt="Russia provides emergency aid to flood-affected residents in Hue- Ảnh 1."></figure>The aid was handed over to the Department of Dike Management and Disaster Prevention and Control, under the Ministry of Agriculture and Environment.The shipment includes 58 rescue and work boats, 1,000 sets of dishes, 1,000 blankets, 1,000 bedding sets, 55 tents, and 22 tons of canned food.At the handover ceremony, Russian Ambassador to Viet Nam Gennady Bezdetko expressed his deep condolences to the Government and people of Viet Nam for the losses and damages caused by recent floods in the northern and central regions, reaffirming Russia's commitment to collaborating with Viet Nam in disaster prevention and response efforts.As of morning October 30, the floods in central Viet Nam have claimed 10 lives and left eight people missing./.&nbsp;

An emergency international aid shipment from the Government of the Russian Federation for residents affected by floods in Hue City arrived at Noi Bai International Airport on Thursday morning.

Russia provides emergency aid to flood-affected residents in Hue

At the invitation of the RoK’s President Lee Jae Myung, President Luong Cuong and the delegation departed on the morning of October 29 to attend the 32nd APEC Economic Leaders’ Week and conduct bilateral engagements in the RoK from October 29 to November 1.&nbsp;&nbsp;Amid increasingly complex regional and global dynamics, defined by heightened strategic competition, growing protectionism, and the profound impacts of climate change on global development, President Luong Cuong’s visit highlights Vietnam’s active role in the Asia-Pacific Economic Cooperation (APEC), the region’s premier economic forum, reaffirming the country’s standing, credibility, and growing capacity for deeper international integration.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/29/screenshot1761706346-10104300-14545347.png" alt="On October 29, President Luong Cuong and a high-ranking Vietnamese delegation departed Hanoi for the Republic of Korea to attend the 32nd APEC Economic Leaders’ Week and conduct bilateral activities from October 29 to November 1, 2025."></figure>&nbsp;On October 29, President Luong Cuong and a high-ranking Vietnamese delegation departed Hanoi for the Republic of Korea to attend the 32nd APEC Economic Leaders’ Week and conduct bilateral activities from October 29 to November 1, 2025.Under the theme “Building a Sustainable Future: Connect, Innovate, Prosper,” the 32nd APEC Economic Leaders’ Week is expected to adopt key initiatives aimed at strengthening the multilateral trading system, promoting green and digital transitions, fostering innovation, and enhancing the region’s economic resilience to global shocks.&nbsp;&nbsp;Vietnam’s participation, led by President Luong Cuong, underscores the nation’s foreign policy of independence, self-reliance, peace, cooperation, and development, as well as its commitment to multilateralism and diversification in external relations. It also reflects Vietnam’s proactive and responsible approach to regional and global issues.&nbsp;&nbsp;On the sidelines of the APEC events, President Luong Cuong is scheduled to hold bilateral meetings with leaders of member economies to boost cooperation in areas of shared interest, expand partnerships, and mobilize resources for national development, contributing meaningfully to peace, stability, and shared prosperity in the region.&nbsp;&nbsp;Vietnam and the RoK are currently among each other’s leading economic partners, with two-way trade reaching nearly USD 90 billion in 2024 and heading toward the target of USD 100 billion by 2030. Business communities from both countries are playing an increasingly vital role in strengthening regional and global supply chains, particularly in electronics, high technology, renewable energy, and the digital economy.<blockquote><blockquote>President Luong Cuong’s visit to the RoK and participation in the 32nd APEC Economic Leaders’ Week is expected to create new momentum for the Vietnam - RoK Comprehensive Strategic Partnership, deepen cooperation within APEC, and make a positive contribution to the international community’s joint efforts to build a peaceful, stable, cooperative, and sustainable Asia-Pacific region.</blockquote></blockquote>Hoang Giang - Phuong Trang

State President Luong Cuong departs Hanoi for the 32nd APEC Economic Leaders’ Week and bilateral engagements in the Republic of Korea (RoK).

State President Luong Cuong departs for APEC Economic Leaders’ Week

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/22/img3592-17610481049831522584476-17610994313681352384598.jpg" alt="Prime Minister Pham Minh Chinh holds phone talks with Thai counterpart- Ảnh 1."></figure>Prime Minister Pham Minh ChinhThe two leaders expressed satisfaction with the elevation of the Viet Nam–Thailand relations to a Comprehensive Strategic Partnership in May 2025, marking an important milestone in their longstanding friendship. They also noted the strong and substantive progress in various areas of cooperation, with Thailand remaining Viet Nam's largest trading partner and second-largest foreign investor among ASEAN countries.Prime Minister Pham affirmed Viet Nam's readiness to create favorable conditions for Thai businesses to operate effectively in the country. Both sides agreed to strengthen coordination and strive to raise the two-way trade turnover to US$25 billion per year, while promoting economic linkages through the effective implementation of the "Three Connectivity" strategy.Prime Minister Anutin expressed appreciation for the Vietnamese Government's support for Thai enterprises investing and doing business in Viet Nam. He also encouraged more Vietnamese companies to invest in Thailand, particularly in the industrial, agricultural, and technological sectors, affirming that Thailand will offer the most favorable conditions possible to ensure a more balanced two-way investment relationship.Comparing notes on regional and international issues of mutual concern, Prime Minister Pham suggested that Viet Nam and Thailand continue to work closely to uphold ASEAN's unity and centrality, while promoting sustainable development in the Mekong subregion.On this occasion, Prime Minister Anutin invited his Vietnamese counterpart to visit Thailand and attend the Mekong–Lancang Summit at the end of this year, and expressed his hope to meet and exchange views in person at upcoming multilateral events such as the ASEAN Summit./.

Prime Minister Pham Minh Chinh had a phone conversation with his Thai counterpart Anutin Charnvirakul on October 21 to discuss measures to further enhance bilateral cooperation.

Prime Minister Pham Minh Chinh holds phone talks with Thai counterpart

Minister Nguyen Hong Dien’s visit to Pakistan marked Vietnam’s vision to forge a new “Silk Road,” deepening economic ties across Asia’s dynamic markets.

Vietnam - Pakistan: Two decades, two rivers, one dream - Part 2: A new Silk Road

The Vietnam Golden Autumn Fair 2025: Where Vietnamese culinary essence shinesAmid the fast pace of modern life, where industrial goods increasingly dominate the market, traditional specialties continue to hold their ground thanks to their authentic flavors, craftsmanship and cultural stories.&nbsp;At the Vietnam Golden Autumn Fair 2025, those stories are told through the sweetness of Tam Dao honey, the delicate harmony of sour, spicy and salty tastes in Bach Huong Xuan preserved fruits, and the shared aspiration of thousands of Vietnamese enterprises to connect culture with trade, bringing the nation’s culinary heritage to global audiences.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/20/426240-638965527125958746-10251272-16031116.png" alt="Honeco honey products are honored to appear at the 80-year national achievements exhibition on September 2. Photo: Honeco"></figure>Honeco honey products are honored to appear at the 80-year national achievements exhibition on September 2. Photo: HonecoTaking place from October 25 to November 4 at the Vietnam Exhibition Center (VEC), the fair, chaired by the Ministry of Industry and Trade (MoIT), is a national trade promotion event featuring more than 2,500 businesses and 3,000 booths across an exhibition space of 130,000 square meters. With the message “Connecting people, building prosperity,” this year’s fair is expected to attract more than half a million visitors each day, serving as an important bridge between producers, consumers and international partners.Beyond displaying tens of thousands of industrial products, agricultural goods and services, the event offers a unique cultural space that honors traditional gastronomy. Visitors are invited to explore themed zones such as “Autumn of Vietnam - Colors and Flavors,” “Hanoi’s Autumn Delicacies,” and “Autumn of Tastes,” where shopping, entertainment and cultural experience seamlessly intertwine.Many enterprises bring to the fair not only their signature local products but also the spirit of preservation and innovation that drives Vietnamese goods to reach international markets.Speaking to the Vietnam Economic News, Le Thi Nga, General Director of Tam Dao Honey JSC - Honeco, said: “The Vietnam Golden Autumn Fair 2025 is a major national trade promotion event, and we are honored to take part.”For Tam Dao Honey, it is not only an opportunity to promote our products to domestic and foreign consumers, but also a chance to connect with distributors, retailers and international partners. We aim to bring the “sweetness of Tam Dao mountains’’ closer to everyone, reaffirming Vietnam’s reputation for clean and high-quality agricultural products”.Located in the “Family Autumn” zone, Tam Dao Honey’s booth impresses visitors with its beehive-inspired design, combining traditional motifs with a modern display style. The company has also prepared thoroughly to make the most of this trade promotion opportunity, proactively reaching out to supermarkets, e-commerce platforms and overseas partners to expand cooperation.“We have invested carefully in booth design, product presentation and partner meetings. In addition, we prepared English-language materials to welcome international delegations interested in our products. Our goal is to bring Tam Dao Honey onto retail shelves in Japan and the Republic of Korea by 2026 - 2027,” Le Thi Nga added.Connecting journeys, elevating Vietnamese brandsIf Tam Dao Honey carries the essence of the northern mountains, Bach Huong Xuan preserved fruits embody the refined taste of Hanoi, elegant and nostalgic. Over a century of family heritage, from a humble street vendor to today’s enterprise, Nguyen Thi Le, Director of An Gia Food JSC, continues to preserve the “old taste” of Trang An, where sweet, sour, salty and spicy notes reflect the graceful charm of Hanoians.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/20/426240-638965527132052303-10251344-16033638.png" alt="Bach Huong Xuan preserved fruit booth attracts strong attention from visitors. Photo: Le Nguyen"></figure>&nbsp;Bach Huong Xuan preserved fruit booth attracts strong attention from visitors. Photo: Le Nguyen“We are proud to accompany the Vietnam Golden Autumn Fair 2025, a meaningful event that celebrates Vietnamese goods and connects production with markets,” Le shared. “For Bach Huong Xuan, this is not only a chance to promote Hanoi’s traditional specialties, but also an opportunity to share the gentle sweetness of memory with consumers at home and abroad.”As Nguyen Thi Le and many participating enterprises see it, the fair is a convergence of past and present, a space where traditional craftsmanship meets modern expression, carrying the pride of century-old craft villages.In the eyes of many businesses, cuisine is more than a consumer product; it is a dialogue between culture and trade. Each booth tells a cultural story of its homeland, a greeting from the past to the future.<blockquote>From seemingly simple products such as preserved fruits and honey, Vietnamese people are steadily proving that traditional values can go far when embraced with modern business thinking. The Vietnam Golden Autumn Fair 2025 is not only a meeting place for enterprises, but also a cradle of Vietnamese aspiration, a space where the flavors of home reach the world, carried by the hands, intellect and cultural pride of today’s generations.</blockquote>Phuong Cuc - Le Van

The Vietnam Golden Autumn Fair 2025 unites culture and commerce, celebrating Vietnam’s flavors with creativity, pride and connection.

Vietnamese cuisine links culture and commerce at Vietnam Golden Autumn Fair 2025

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/17/dsc1915-17606149891571793511889-17606740634181736060855.jpg" alt="Viet Nam, Russia agree to materialize signed cooperation agreements- Ảnh 1."></figure>Vietnamese Deputy Prime Minister Bui Thanh Son (R) shakes hands with his Russian counterpart Alexander Novak, Moscow, October 15, 2025 - Photo: VGP/Hai MinhVietnamese Deputy Prime Minister Bui Thanh Son held a working session with his Russian counterpart Alexander Novak in Moscow on October 15, during his attendance at the Russian Energy Week 2025 Forum.Both sides consented to enhance exchanges and speed up preparations for effectively carrying out the agreements on expanding oil and gas cooperation, which were signed in May and came into force in October 2025.&nbsp;The pair also discussed possibilities for extending bilateral cooperation into other fields, including wind power, renewable energy, energy-related services, infrastructure development, and logistics in the oil and gas sector.Deputy Prime Minister Son affirmed Viet Nam's determination to closely coordinate with the Russian Government to effectively realize the cooperation agreements, thereby contributing to ensuring energy security and strengthening the Viet Nam–Russia Comprehensive Strategic Partnership. He praised the joint efforts of ministries and sectors of both countries in fostering bilateral collaboration through various concrete projects being actively promoted.For his part, Deputy Prime Minister Novak underscored that Russia always attaches great importance to promoting its Comprehensive Strategic Partnership with Viet Nam. He highly valued the positive progress achieved in bilateral economic and trade cooperation, particularly in energy and oil and gas collaboration.Novak said that the Russian Government consistently directs relevant ministries, sectors, and localities to promptly and effectively implement agreements reached during high-level visits, and to focus on addressing outstanding issues to further enhance the effectiveness of cooperation.During his stay in Russia, from October 15–16, Deputy Prime Minister Son also held meetings with leaders of major Russian enterprises operating in the energy and oil and gas sectors, including Zarubezhneft, Novatek, and the Rosatom State Atomic Energy Corporation.The Deputy Prime Minister appreciated the interest and efforts of Russian corporations in seeking opportunities and promoting specific cooperation projects with Viet Nam. He reaffirmed the Vietnamese Government's support for enterprises of both countries in engaging in direct exchanges, signing, and implementing cooperation projects in line with each nation's laws and international law. He emphasized the importance of ensuring a balance of interests and creating new symbols of the Viet Nam–Russia Comprehensive Strategic Partnership for decades to come.Leaders of the Russian corporations, for their part, affirmed that they view Viet Nam as a highly potential market and expressed their desire to further expand investment and cooperation. They pledged to work closely with Vietnamese partners to effectively implement high-level agreements, particularly in the fields of oil and gas, nuclear power, and the peaceful use of nuclear energy, contributing to ensuring Viet Nam's energy security and supporting its sustainable development./.

Viet Nam and Russia have agreed to accelerate the implementation of cooperation protocols and agreements signed earlier this year, aiming to deepen collaboration in oil and gas exploration and exploitation, and expand into new areas such as renewable and green energy.

Viet Nam, Russia agree to materialize signed cooperation agreements

Projecting a modern, green and resilient Tay NinhAccording to the provincial Department of Industry and Trade, this year’s Golden Autumn Fair stands as the largest trade event Tay Ninh has ever participated in. The province views the fair not merely as a commercial exhibition, but as a strategic platform to communicate its development vision, one that harmonizes economic progress with environmental responsibility and cultural identity.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/16/screenshot-2025-10-16-194611-19463311.png" alt="The three-star OCOP chili salt product is being showcased and promoted at the 2024 “Industry – Trade, OCOP Products and Regional Specialties Fair” in Tay Ninh Province. Photo: Tay Ninh Newspaper"></figure>The three-star OCOP chili salt product is being showcased and promoted at the 2024 “Industry – Trade, OCOP Products and Regional Specialties Fair” in Tay Ninh Province. Photo: Tay Ninh Newspaper&nbsp;&nbsp;&nbsp;Under the theme “Tay Ninh - Integration and Sustainable Development,” the province’s exhibition space will feature a modern design concept that symbolizes openness, creativity, and technological advancement.The pavilion will comprise three distinct zones. The Trade and Exhibition Area (200m2) will spotlight key agricultural and industrial products, including dragon fruit, seedless lime, soursop, and bird’s nest, alongside handicrafts and logistics services inspired by the flow of the Vam Co River. The Enterprise Booths Zone will gather 20 leading local businesses offering OCOP-certified products, consumer goods, processed foods, and cosmetics. Meanwhile, the “Thu My Vi” Culinary Zone invites visitors to explore the authentic flavors of Tay Ninh through traditional dishes such as Trang Bang rice noodles, rice paper, shrimp salt, and spring rolls, each a reflection of the region’s creativity and hospitality.To enhance visitor experience, Tay Ninh’s pavilion integrates LED projection and interactive visuals, creating an immersive journey through the province’s development story, from its agricultural roots to its digital ambitions.Opening pathways for cooperation and growthSpeaking with the Vietnam Economic News, Tran Dang Tien, Deputy Director of the Tay Ninh Department of Industry and Trade, stressed that preparations for the fair had been conducted early, methodically, and with strategic intent.“We consider the Vietnam Golden Autumn Fair 2025 not only a showcase, but also an opportunity to reinforce Tay Ninh’s integration spirit and innovative mindset,” he noted. “Every stage, from product selection to booth design, logistics, and communication, has been meticulously coordinated to ensure consistency, professionalism and impact.”<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/16/hoi-cho-199209-10445497-19480687.jpg" alt="OCOP products under the Tay Ninh brand are being displayed and introduced at the 2025 Vietnam Golden Autumn Fair. Photo: Tay Ninh Provincial Portal."></figure>OCOP products under the Tay Ninh brand are being displayed and introduced at the 2025 Vietnam Golden Autumn Fair. Photo: Tay Ninh Provincial Portal.Beyond displaying products, Tay Ninh enterprises will engage directly in business networking, investment promotion, and trade facilitation, seeking new partnerships across domestic and international markets.“We expect this event to open new directions for Tay Ninh’s goods and enterprises,” Tran Dang Tien affirmed. “Our participation demonstrates a forward-looking vision,&nbsp; linking green growth with industrial modernization, agricultural innovation, and tourism development.”Through its participation, Tay Ninh aims to strengthen trade connections while promoting its image as a province balancing economic advancement with cultural continuity. Such positioning aligns with Vietnam’s broader strategy of developing sustainable, innovation-driven local economies capable of contributing effectively to national competitiveness.“We believe the Vietnam Golden Autumn Fair 2025 will enhance Tay Ninh’s brand visibility, strengthen investor confidence, and lay a solid foundation for local enterprises to expand into regional and global markets,” Tran Dang Tien added.Tay Ninh’s delegation will include major enterprises representing the province’s economic pillars, Sun Group Tay Ninh, investor of Ba Den Mountain National Tourism Area, a symbol of southern tourism; Thanh Thanh Cong and Bien Hoa Group, a leader in refined sugar and deep-processed sugarcane; Ion Life alkaline water; Thai Tuan Group in textile and fashion; and Long An International Port under Dong Tam Group, representing the logistics strength of the southern economic region.In addition, Tay Ninh will showcase its OCOP 4 - 5-star products, rural industrial highlights, and agricultural specialties, from rice paper and shrimp salt to bananas, soursop, dragon fruit, seedless lime, bird’s nest, cashew nuts, and soursop tea. Product selection has been based on quality, branding, market potential, and cultural distinctiveness, ensuring that every exhibit represents not only Tay Ninh’s economic capability but also its identity as a vibrant, forward-moving province in Vietnam’s integration journey.<blockquote>Previously, Vice Chairman of the Tay Ninh provincial People’s Committee Nguyen Hong Thanh emphasized that the 2025 Autumn Fair and the 11th Southern Industry and Trade Event Series represent an important opportunity for Tay Ninh to promote its image, potential, and strengths in industry, trade, agriculture, and tourism to both domestic and international partners.He requested the Department of Industry and Trade, as the standing agency, to closely coordinate with relevant departments, sectors, and business associations to ensure that Tay Ninh’s exhibition booth is designed in a modern style, rich in local identity, and reflects the province’s spirit of innovation, integration, and sustainable development.</blockquote>Hoang Chien - Le Van

At the Vietnam Golden Autumn Fair 2025, Tay Ninh will showcase signature products and brands that reflect the province’s diverse economic and cultural strengths.

Tay Ninh promotes local brands at the Vietnam Golden Autumn Fair 2025

In a world economy marked by geopolitical tensions, supply chain disruptions and growing pressure for green transformation, Vietnam continues to affirm its position as a stable and reliable destination for European investors. The latest BCI results, announced by EuroCham on October 14, recorded 66.5 points, the highest figure since 2022.Vietnam remains a firm pillar for European investmentThe global trade landscape is changing more rapidly than ever. As the United States implements new tariff measures and international supply chains are being restructured, 31% of surveyed enterprises said they are experiencing negative impacts on their financial performance, more than double compared to 15% in the second quarter of 2025.At the same time, the proportion of businesses reporting positive impacts also increased, from 5 to 9%, showing that new opportunities are emerging for companies that can flexibly adapt to the global trade reconfiguration.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/14/fdi-139-20153863-15570215.jpg" alt="The Business Confidence Index (BCI) of the European Chamber of Commerce in Vietnam (EuroCham) for the third quarter of 2025 has reached its highest level in 3 years."></figure>The Business Confidence Index (BCI) of the European Chamber of Commerce in Vietnam (EuroCham) for the third quarter of 2025 has reached its highest level in 3 years.&nbsp;Despite these fluctuations, the trend of relocating supply chains out of Vietnam remains very limited, with only about 3% of enterprises considering adjustments outside the country. This once again confirms Vietnam’s reputation as a reliable and sustainable manufacturing and investment hub in the region.Thue Quist Thomsen, CEO of Decision Lab, noted: “68% expect economic stabilisation and improvement in the next quarter, up 18 percentage points since Q2 2025, a clear indication that businesses are expecting to close the year on a stronger footing”.However, administrative efficiency continues to pose challenges for European investors. Complicated tax refund procedures and inconsistent implementation of labor permit regulations across localities remain obstacles that affect business operations. Nevertheless, a significant improvement has been recorded since August 2025, when the Government issued three new decrees to modernize visa and work permit regulations, aiming to build a transparent, consistent and predictable business environment.Decree No. 219 authorizes local governments to issue work permits, allows online submission of documents, reduces experience requirements for specialists in new key industries, and expands exemptions for foreign workers. Decree No. 221 introduces a temporary visa waiver for selected groups of foreigners who make positive contributions to Vietnam’s socio-economic development. Meanwhile, Decree No. 229 expands visa exemption to 18 European Union member states, promoting stronger people-to-people and business ties between Vietnam and Europe.According to the BCI survey, 48% of businesses said these policy reforms have had a positive impact on their operations. The new decrees mark an important step toward a more open and business-friendly environment, in line with long-term recommendations repeatedly raised by EuroCham in its annual Whitebook.Chairman Jaspaert emphasised: “As Vietnam aspires to become a high-income, developed nation within the next two decades, talent mobility and skills transfer must be placed at the heart of this journey. These reforms are critical to ensuring that international expertise can flow freely to where it is most needed, unlocking innovation and strengthening Vietnam’s private-sector capacity.”Green transition: From vision to actionThe European Union’s Deforestation Regulation (EUDR), scheduled to take effect in 2026, is creating notable changes in export practices. In response, many companies are reviewing their supply chains to ensure transparency, traceability and sustainability.According to EuroCham’s latest survey, more than one-third of European businesses in Vietnam are studying the new EUDR requirements, while about 11% have begun adjusting their procurement processes to comply with EU sustainability standards. This marks an important transition that could reshape global value chains in manufacturing, agriculture and forestry towards greater transparency and accountability.In Vietnam, awareness of sustainable growth is rising. The level of understanding about the National Green Growth Strategy for the 2021 - 2030 period has reached 43%, while about one in five businesses are already taking part in or benefiting from programs promoting energy efficiency and innovation. These figures show that the “green shift” is expanding across both foreign-invested and domestic enterprises.On the financial front, the green economy is emerging as a new driver of growth. At the Global Gateway Forum 2025 held in Brussels on October 9, European Commissioner Jozef Síkela met with Vietnamese Deputy Prime Minister Bùi Thanh Sơn to reaffirm the EU’s commitment to Vietnam’s green transition. Through the Just Energy Transition Partnership (JETP), Team Europe has pledged 2.8 billion euros to help Vietnam cut emissions, boost renewable energy and modernize the national grid.In addition, the Global Gateway initiative, aiming to mobilize 300 billion euros by 2027, is directing investment flows into clean energy, transport and digital infrastructure across Asia, identifying Vietnam as a key partner.At the business level, around one-fourth of European enterprises in Vietnam have implemented green initiatives over the past two years. The most common measures include ESG reporting and certification, digital monitoring for energy efficiency, and waste reduction programs. Circular economy models are also being expanded, with 37% of companies piloting projects to reduce or offset carbon emissions.However, the use of renewable energy remains limited due to inadequate grid infrastructure and difficulties in accessing the Direct Power Purchase Agreement (DPPA) mechanism. Despite these challenges, the benefits of green transformation are becoming clearer: 42% of businesses reported improved brand reputation and customer trust; 39% achieved higher operational efficiency; and 32% gained measurable financial returns.Chairman Bruno Jaspaert stressed that sustainability is no longer merely a compliance requirement but has become a new engine of competitiveness.&nbsp;This shift in perception reflects the shared priorities of both the EU and Vietnam, fostering economic growth while preserving the planet’s limited natural resources.<blockquote>Through ongoing initiatives such as the Whitebook, the Business Confidence Index, and the upcoming Green Economy Forum 2025 to be held in Hanoi on November 27, EuroCham continues to act as a bridge connecting the Government, the business community, and civil society, advancing Vietnam’s journey toward a sustainable and inclusive future.</blockquote>Le Van

EuroCham’s Q3 2025 Business Confidence Index hit a three-year high, reflecting Vietnam’s strong investment resilience amid global uncertainties.

Vietnam stays a key sustainable destination for European investors

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/10/10/s13-17600638460771869741856.jpg" alt="How Viet Nam protects national interests while contributing to global peace, stability and prosperity- Ảnh 1."></figure>Deputy Prime Minister Bui Thanh Son addresses the panel discussion on the State of World during the 2nd Global Gateway Forum in Brussels, Belgium on October 9, 2025.The panel discussion drew the participation of EU Commissioner Josef Síkela, Vice President of Ghana Naana Jane Opoku-Agyemang, Minister of Commerce, Industry, and Tourism of Colombia Diana Marcela Morales Roja, and President of the European Investment Bank Nadia Calvino.Addressing the event, Deputy Prime Minister Bui Thanh Son shared that the world has experienced significant transformations as evidenced by profound changes in international relations, balance of power among major countries, and intensifying non-traditional challenges like climate change, pandemics, and cyber threats.The global economy itself is changing course. Economic fragmentation and protectionism are deepening. Global supply chains become more regionalized. Science-technology has become a key driver for green growth and sustainable development, he noted.Global institutions are under evermore pressure to reform. Some existing mechanisms no longer accurately reflect the emerging distribution of power, and there is rising demand for a stronger voice from developing countries. However, multilateral institutions remain essential for managing global interdependence and addressing common challenges related to security and sustainable development.He went on to say that social challenges are amplifying uncertainty across regions. Widening inequality, environmental degradation, and unequal access to the benefits of technology are eroding trust within and between societies. These issues, if left unaddressed, could deepen polarization and undermine global stability.Given the backdrop, "Viet Nam has managed pretty well and have been working hard to adapt to the new reality, while staying focused on our highest goal: maintaining peace, stability, and favorable conditions for national development. We are determined to build a solid foundation for Viet Nam to enter a new era of growth," emphasized Deputy Prime Minister Bui Thanh Son.Bui reassured Viet Nam's unwavering commitment to promoting multilateral cooperation, upholding international law and the United Nations Charter, actively participating in peacekeeping operations, advancing sustainable development, ensuring peace, security, safety and freedom of navigation and aviation.Viet Nam remains steadfast to its foreign policy of independence, self-reliance, diversification and multilateralization of external relations, being a friend, trusted partner, and responsible member of the international community, affirmed the Deputy Prime Minister.The Southeast Asian nation is doubling efforts to accelerate green economy, global integration, and diversification of markets while promoting science and technology, innovation and digital transformation as a new growth driver, he said.At the same time, Viet Nam is expanding partnerships across all fields, strengthening resilience against external shocks, investing heavily in science and technology in a bid to become an upper middle-income country with modern industrial base by 2030 and a high-income, developed country by 2045, Bui added.He emphasized that Viet Nam is resolved to remain firmly independent, act responsibly and engage constructively with all partners, emphasizing that this is Viet Nam's approach to protect national interests while contributing to peace, stability and prosperity on the globe./.

Deputy Prime Minister Bui Thanh Son shared Viet Nam's approach to protect national interests while contributing to global peace, stability and prosperity while addressing the panel discussion on the State of World in Brussels, Belgium on October 9, during the 2nd Global Gateway Forum.

How Viet Nam protects national interests while contributing to global peace, stability and prosperity

The arrival marked the official commencement of their state visit to the Democratic People’s Republic of Korea.The visit is made at the invitation of the General Secretary of the Workers’ Party of Korea and President of the State Affairs Commission Kim Jong Un.At the airport, General Secretary To Lam and the Vietnamese delegation were warmly welcomed by Kim Song Nam, Alternate Member of the Political Bureau, Member of the State Affairs Commission, and Head of the International Department of the Central Committee of the Workers’ Party of Korea, together with Im Chon In, Vice Minister of Foreign Affairs. On the Vietnamese side were Ambassador Extraordinary and Plenipotentiary of Viet Nam to the DPRK Le Ba Vinh and representatives of the Vietnamese Embassy in Pyongyang.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/09/z70973005125809c0bf3b14c99189b0557184509b515d6-10571733.jpg" alt="General Secretary To Lam and the senior Vietnamese delegation have arrived at Pyongyang International Airport. Photo: VNA."></figure>General Secretary To Lam and the senior Vietnamese delegation have arrived at Pyongyang International Airport. Photo: VNA.The welcome ceremony was held with great solemnity and cordiality. Honor guards lined both sides of the red carpet, while Korean girls presented flowers to greet General Secretary To Lam. Alternate Politburo Member Kim Song Nam received the Vietnamese Party leader at the foot of the aircraft’s stairs. General Secretary To Lam walked along the red carpet, warmly shaking hands with senior Korean officials and members of the Vietnamese Embassy. Korean children waved flags and flowers in a joyful and friendly atmosphere, symbolising the close bonds between the two nations.The DPRK was among the very first countries to establish diplomatic relations with Viet Nam in 1950. The traditional friendship between the two peoples was founded and nurtured by President Ho Chi Minh and President Kim Il Sung, and has since been continuously strengthened by generations of leaders from both sides. During Viet Nam’s struggle for national liberation, the DPRK stood shoulder to shoulder with the Vietnamese people; in turn, Viet Nam has consistently supported and accompanied the DPRK through its difficult periods of nation-building and development.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/09/z709732956438734297fc9b8b09bfe684790da08b0c153-11044665.jpg" alt="The welcoming ceremony for General Secretary To Lam at Pyongyang International Airport. Photo: VNA."></figure>The welcoming ceremony for General Secretary To Lam at Pyongyang International Airport. Photo: VNA.The State visit of General Secretary To Lam takes place on the occasion of the 75th anniversary of the establishment of diplomatic relations between Viet Nam and the DPRK (1950–2025) and the Viet Nam - DPRK Friendship Year 2025. The visit bears profound historical and political significance, vividly manifesting the great importance attached by the two Parties and States to their traditional friendship. It also reaffirms Viet Nam’s consistent foreign policy of independence, self-reliance, peace, cooperation and development, aimed at consolidating and enhancing its long-standing relations with traditional friends and trusted partners across the world.Le Van

On October 9, General Secretary of the Communist Party of Vietnam To Lam and the senior Vietnamese delegation arrived at Pyongyang International Airport.

General Secretary begins visit to the Democratic People’s Republic of Korea

Reaching consensus on legislative directionOn the morning of October 7 in Hanoi, the Ministry of Industry and Trade convened a meeting of the Drafting Committee for the Law on E-Commerce, chaired by Deputy Minister Nguyen Sinh Nhat Tan.This was a key session to unify the drafting direction, review feedback from National Assembly deputies, relevant ministries, agencies, and committee members before finalizing the dossier for submission to the Government and the National Assembly at the upcoming 10th session.In his opening remarks, Deputy Minister Tan emphasized that the drafting process had gone through multiple rounds of discussions and workshops and had now entered the final stage. The MoIT is working closely with National Assembly agencies to review all contents and related documents to ensure the feedback and explanations reflect real-world conditions and meet new legislative requirements in the era of digital transformation.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-1-16305709.jpg" alt="The October 7 morning session of the Drafting Committee for the Law on E-Commerce."></figure>The October 7 morning session of the Drafting Committee for the Law on E-Commerce.&nbsp;&nbsp;Deputy Minister Tan also highlighted major issues of concern to National Assembly deputies, including the law’s scope of adjustment, applicable subjects, consumer protection, and vulnerable groups.Reporting on the progress of the draft law, Le Hoang Oanh, Director General of the E-Commerce and Digital Economy Agency, said the MoIT had incorporated numerous comments from ministries, sectors, and National Assembly bodies, particularly clarifying the law’s coverage, its relationship with other laws, and the responsibilities of e-commerce platforms.During the session, committee members offered multiple comments to ensure the draft complies with legal procedures and aligns with the Government’s policies on promoting e-commerce development in the new period.Ngo Chung Khanh, Deputy Director General of the Multilateral Trade Policy Department, stressed that the law should clearly stipulate requirements for foreign e-commerce platforms to have representatives in Vietnam to enhance consumer protection and strengthen state management.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-2-16314286.jpg" alt="Ngo Chung Khanh, Deputy Director General of the Multilateral Trade Policy Department, shares his insights during the session."></figure>Ngo Chung Khanh, Deputy Director General of the Multilateral Trade Policy Department, shares his insights during the session.Focusing on Article 41 concerning special support policies for vulnerable groups, Bui Nguyen Anh Tuan, Deputy Director General of the Domestic Market Management and Development Department, underscored the practical significance of this policy, particularly for cooperatives, ethnic minorities, and people in mountainous and island regions.“We should not let this provision remain a mere declaration. It needs to be substantiated with concrete programs such as digital infrastructure support, online sales training, and product marketing assistance for cooperatives, farmers, and ethnic minority communities”, Bui Nguyen Anh Tuan said.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-3-16323665.jpg" alt="Deputy Director General of the Department for Domestic Market Management and Development Bui Nguyen Anh Tuan."></figure>&nbsp;Deputy Director General of the Department for Domestic Market Management and Development Bui Nguyen Anh Tuan.According to him, Vietnam’s e-commerce sector has been expanding rapidly, with growth accelerating from 18 percent annually in previous years to over 30 percent in the first nine months of this year, evidence of the market’s strong momentum under the right policy direction. Therefore, support policies for e-commerce should be integrated into national target programs to ensure sustainability and coherence.Responding to the comments, Deputy Minister Tan affirmed that in addition to policies, implementation measures and supporting resources are essential. For cooperatives, collective economies, and ethnic communities, legal provisions must be concrete and feasible. Specialized agencies should consider integrating e-commerce development into national programs, from infrastructure and platforms to online sales assistance, while recognizing successful models, combining traditional markets and digital commerce, to create new consumption channels for agricultural and specialty products.Representatives from the General Department of Taxation under the Ministry of Finance also contributed significant input. They proposed extending the minimum data retention period for goods and service information posted on e-commerce platforms from 12 months to at least 24 months, in line with Decree 53/2022/ND-CP guiding the Law on Cybersecurity, thereby facilitating tax management of e-commerce and livestream sales activities.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-4-16334001.jpg" alt="A representative from the General Department of Taxation under the Ministry of Finance shares insights during the session."></figure>A representative from the General Department of Taxation under the Ministry of Finance shares insights during the session.Regarding Article 44 on e-commerce databases, the General Department of Taxation suggested clarifying the MoIT’s responsibilities in three aspects, issuing data connection standards among ministries; developing technical infrastructure for information sharing; and establishing mechanisms for inter-ministerial data exchange.On taxation policy, the agency supported studying appropriate incentives to foster e-commerce development but emphasized that these incentives must be integrated into existing tax legislation such as the Law on Value-Added Tax and the Law on Corporate Income Tax. It noted that tax revenues from e-commerce this year have increased by 50–60 percent, partly due to back-tax collection from previous years.At the meeting, the representative of the Ministry of Science and Technology proposed broadening the definition of “electronic contract data” to include certificates, documents, and related information generated before and after signing, ensuring data integrity and evidentiary value.Other recommendations included adding prohibitions aligned with related laws, extending the data retention period beyond 24 months to fit e-transaction characteristics, and revising overlapping or inconsistent provisions. They also called for clear regulations on licensing amendments, violation handling, and transitional clauses to enhance coherence and feasibility.Promoting sustainable e-commerce developmentDuring the discussion, the representative of the Vietnam Trade Promotion Agency under the MoIT suggested the drafting team further specify several key elements in the draft law.Provisions defining “large digital platforms” (Articles 3, 16, 17, 18, 31) currently lack quantitative criteria. Without clear thresholds, enforcement could be difficult, particularly in monitoring obligations and platform accountability. The agency recommended referencing benchmarks in other legislation, such as the Law on Electronic Transactions or the Law on Consumer Protection, like user-base thresholds (e.g., around three million users) to ensure consistency.Regarding Article 39 on “green e-commerce,” the agency noted that the draft fails to connect with national or international standards on sustainability, risking inconsistent self-defined “green” criteria across platforms. It proposed reviewing the draft to align management and trade promotion in the digital environment with existing laws on trade promotion, advertising, and sales stimulation, avoiding overlapping authority while encouraging sustainable e-commerce development.A representative from the MoIT’s Legal Department emphasized that the draft law must accurately reflect the nature of relationships in this sector, distinguishing those between service providers and consumers from those between service providers and regulatory bodies. The law should remain flexible, safeguarding consumer interests while clearly defining obligations, responsibilities and coordination mechanisms with state agencies.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-5-16342862.jpg" alt="Members of the Drafting Committee are in attendance at the session."></figure>Members of the Drafting Committee are in attendance at the session.Concerning its application to the banking sector, the department proposed adding provisions specifying that where banking law does not yet apply, the Law on E-Commerce would take precedence. Many current banking applications offer e-commerce services such as movie or lottery ticket sales without clear legal oversight, the department noted.It also pointed out that cross-border services under international agreements do not fully cover e-commerce in the narrow sense. Treating e-commerce merely as a conventional cross-border service could create disparities in tax and legal obligations. The law must uphold fairness, comply with the Constitution and international commitments, and protect domestic enterprises’ interests during integration and implementation.Concluding the session, Deputy Minister Nguyen Sinh Nhat Tan affirmed that the feedback received was vital for enhancing the draft law’s feasibility and alignment with international commitments. He requested the E-Commerce and Digital Economy Agency to promptly consolidate and specify all recommendations for timely coordination with the National Assembly’s Economic and Financial Committee.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/10/07/anh-6-16350963.jpg" alt="Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan delivers the concluding remarks of the session."></figure>Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan delivers the concluding remarks of the session.For issues with divergent opinions, he urged special attention to cross-border e-commerce regulations to ensure strict compliance with Vietnam’s international treaties.On combating counterfeit and fraudulent goods, Deputy Minister Tan stressed that the National Assembly places strong emphasis on this issue as a cornerstone of consumer trust. The law must strengthen platform accountability in monitoring goods and services traded online, in connection with national anti-smuggling and intellectual property enforcement programs.“E-commerce can only thrive when it earns consumer trust. To build that trust, combating commercial fraud, counterfeiting, and intellectual property violations must be done effectively. All administrative procedures in e-commerce should be handled digitally, manual management is no longer viable in the digital age”, Deputy Minister Nguyen Sinh Nhat Tan underlined.<blockquote>Previously, on the afternoon of October 3, the National Assembly’s Economic and Financial Committee held its fourth plenary session to review the draft Law on E-Commerce. The MoIT had already submitted the draft to the Government and the National Assembly for preliminary assessment before presentation to the National Assembly Standing Committee.</blockquote>Le Van&nbsp;

During the drafting session of the E-Commerce Law, experts provided substantive recommendations to clarify its scope and strengthen accountability.

Delegates contribute ideas to finalize draft law on e-commerce

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/3/bao-bualoi-11132216-17594771545531407948067.jpg" alt="Typhoon Bualoi claims 51 lives, damages estimated at US$600 million- Ảnh 1."></figure>The natural disaster also destroyed 349 houses, over 172,000 houses were damaged or had its roof blown off, reported the Department of Dike Management and Natural Disaster Prevention and Control under the Ministry of Agriculture and Environment.Nearly 89,000 hectares of paddy, vegetable crops were also damaged. Up to 50,000 hectares of forest were inundated. Over 17,000 hectares of aquatic cultivation, 2,200 castles and 519,000 poultries were swept away.Serious floods and landslides blocked traffic at 7,600 locations from the north down to the central region. Over 33,000 meters of riverbanks and coastal embankments eroded. Over 200 irrigation works were damaged. Nearly 1,500 schools were affected. The typhoon also toppled more than 6,400 electricity poles. Over 83,000 trees were uprooted. Nearly 2.7 electricity customers suffered from power disruptions.Preliminary estimates of economic damage are at more than VND 15,864 billion (over US$ 600 million), with the central province of Ha Tinh suffered from the heaviest loss of VND6 trillion, followed by Tuyen Quang VND3 trillion, Lao Cai VND2.7 trillion and Nghe An VND2.1 trillion.With a long coastline, Viet Nam is prone to typhoons that are often deadly. Earlier, Typhoon Yagi, Asia's most powerful storm in 2024 killed around 300 people and caused damages estimated at US$3.3 billion across northern Viet Nam.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/3/img2194-1759453882495619580335-17594778706851940497144.jpg" alt="Typhoon Bualoi claims 51 lives, damages estimated at US$600 million- Ảnh 2."></figure>Prime Minister Pham Minh Chinh donates at least one day's salary to help residents in areas devastated by recent storms and floodsRaising funds to support storm victimsPrime Minister Pham Minh Chinh led the Government Office and the Government Party Committee's assistant agencies to donate at least one day's salary to help residents in areas devastated by recent storms and floods, at a fundraising ceremony hosted by the agencies in Ha Noi on Friday.Pham also delivered messages to encourage localities and citizens to overcome difficulties and restore stability swiftly.A day earlier, Pham approved over VND2.52 trillion (US$100 million) from the central budget reserve in 2025 for 15 localities to support livelihoods; repair dikes, irrigation reservoirs and disaster prevention facilities; restore essential infrastructure; and resettle residents in urgent disaster-hit areas affected by natural disasters since early this year.On October 2, the Presidium of the Viet Nam Fatherland Front Central Committee launched a national donation drive for victims of Typhoon Bualoi.The Viet Nam Fatherland Front opened official bank accounts to receive public donations in support of people in disaster-hit areas. Contributions can be made to any of the following:• VietinBank: Account name 'Ban Van đong cuu tro Trung uong' (account number: 55102025), opened at Đông Hà Nội Branch.• BIDV: Account name Uy ban Trung uong MTTQ Viet Nam (account number: 8639699999), opened at Thang Long Branch.• Agribank: Account name 'Ban Van đong cuu tro Trung uong' (account number: 1400666102025), opened at Láng Hạ Branch.• Vietcombank: Account name Mat tran To quoc Viet Nam – Ban cuu tro Trung uong' (account number: 8888881010), opened at So giao dich Branch./.

Typhoon Bualoi (known as Storm No. 10 in Viet Nam) and the ensuing floods, tornadoes and landslides have left 51 people dead, 14 missing, and 164 injured in central and northern Viet Nam, official data shows.

Typhoon Bualoi claims 51 lives, damages estimated at US$600 million

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/10/2/img2162-17593254381991347527798-1759374557576696501071.jpg" alt="Viet Nam pledges practical support for Cuba- Ảnh 1."></figure>Prime Minister Pham Minh Chinh (R) and President of the National Assembly of People's Power and President of the Council of State of Cuba Esteban Lazo Hernández in Ha Noi, October 1, 2025 - Photo: VGP/Nhat BacThe Prime Minister made the remarks during a meeting with Esteban Lazo Hernández, President of the National Assembly of People's Power and President of the Council of State of Cuba, in Ha Noi on October 1.Welcoming Mr. Lazo on his official visit, which coincides with the 65th anniversary of diplomatic relations between the two countries, Prime Minister Pham said the visit demonstrates the brotherly friendship, comradeship, and Cuba's longstanding solidarity with the Vietnamese people.&nbsp;The guest leader said that that Viet Nam closely follows developments in Cuba, shares the country's challenges, and is confident that under the leadership of the Communist Party of Cuba, Cuba will continue to safeguard its achievements and achieve further successes in national development.The Prime Minister took the occasion to call for close coordination in implementing agreements reached by senior leaders and those signed during this visit, while improving the effectiveness of cooperation mechanisms across Party, State, Government, National Assembly, ministerial, and local levels. He also underscored the need to maintain coordination and mutual support at multilateral forums.For his part, Mr. Esteban expressed appreciation for the solidarity and timely assistance consistently provided by Viet Nam's Party, State and people, particularly in stabilising food supplies and advancing agricultural production. He also voiced hope that the two sides will continue sharing development experience, especially Viet Nam's Doi moi reform and strategic policy approaches.The two leaders agreed to continue coordinating activities to mark the 65th anniversary of diplomatic ties (December 2, 1960 – 2025); to facilitate broader engagement of organizations and businesses from both countries in each other's development process; and to promote economic, trade, and investment cooperation in strategic sectors identified by senior leaders, while expanding into other promising areas./.

Viet Nam will take concrete steps to support Cuba, focusing on such areas like food security, energy and biotechnology, said Prime Minister Pham Minh Chinh.

Viet Nam pledges practical support for Cuba

<figure class="image image_resized" style="width:50%;"><img src="https://api.orangemedia.com.vn/images/thuong-mai-dien-tu-2_20240830030503.jpg"></figure>With the goal to be a dedicated consultant for your brand, Orange will answer to all of your questions and issues in the process of online advertising for your product. Each online advertising channel has some fixed effect with your product. There are many online advertising channels such as Google search engine advertising, social media ads (Facebook, Linkedin, Zalo, etc), online newspapers such as VnExpress, Dantri, Thoiluan24h, etc. Depending on the product and your target audience, we will give you the most suitable advertising channel.

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