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<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/6/1000033372-1746514838264-17465211715881652685826.jpg" alt="Hai Phong tops 2024 PCI rankings following strong business environment reform efforts- Ảnh 1."></figure>The awarding ceremony for top 10 performing localities in the 2024 Provincial Competitiveness Index (PCI) rankings, Ha Noi, May 6, 2025This is a key finding of the 2024 PCI ranking report, the 20th edition of this kind, released by the Viet Nam Chamber of Commerce and Industry (VCCI) in Ha Noi on Tuesday.The northern province of Quang Ninh, a long-time frontrunner in the PCI rankings, came in second with 73.2 points—up 1.95 points from last year. It continues to be one of the best performers, having remained in the top five for an impressive 12 consecutive years. Key improvements in Quang Ninh were observed in land access, transparency, fair competition, workforce training, and institutional quality.Rounding out the top five were Long An, Bac Giang, and Ba Ria – Vung Tau. Other localities including Hue, Hau Giang, Phu Tho, Dong Thap, and Hung Yen were also in the Top 10.&nbsp;Meanwhile, centrally-run cities—Ha Noi, Ho Chi Minh City, Hai Phong, Hue, Da Nang, and Can Tho—were placed among the top 30 provinces and cities for overall governance quality. Each of these cities saw improvements in their PCI scores compared to 2023, although the pace of progress varied.The PCI measures economic governance and administrative reform efforts across Viet Nam's provinces and cities, drawing from a survey of nearly 11,000 businesses nationwide.<h4 style="text-align:justify;"><a href="https://en.baochinhphu.vn/quang-ninh-retains-top-position-in-viet-nam-pci-rankings-2022-111230411160528064.htm">Quang Ninh retains top position in Viet Nam PCI rankings 2022</a></h4><h4 style="text-align:justify;"><a href="https://en.baochinhphu.vn/quang-ninh-leads-pci-rankings-for-4th-consecutive-year-11140892.htm">Quang Ninh Leads PCI Rankings for 4th Consecutive Year</a></h4><h4 style="text-align:justify;"><a href="https://en.baochinhphu.vn/quang-ninh-maintains-top-position-in-2018-pci-ranking-11134797.htm">Quang Ninh maintains top position in 2018 PCI ranking</a></h4>The 2024 PCI also comes at a time of structural transition in Viet Nam's local administration system.&nbsp;This is the final PCI edition that will include all 63 provinces and cities in their current form. Under Government Resolution 74 and Central Committee Resolution 60, several provinces are expected to undergo administrative mergers to create 34 larger provincial-level units.VCCI said that the performance gap in PCI scores between some of the merging localities underscores the need to harmonize governance quality as the new units are formed. Bridging these gaps will be essential to ensure a smooth transition and maintain the momentum in business climate reform.However, the 2024 PCI also highlights areas where many provinces continue to struggle. Land access, high compliance costs, and a decline in local government dynamism remain key concerns for the private sector."As Viet Nam targets an ambitious GDP growth rate of 8 percent in 2025 and double-digit growth beyond that, sustaining high-quality local governance plays the decisive role," said VCCI.VCCI also underlined the importance of improving the business environment for Viet Nam to stand by other leading economies in in the region and the world./.

Hai Phong city topped the 2024 Provincial Competitiveness Index (PCI) rankings for the first time by scoring 74.84 points, marking a significant milestone in the northern port city’s ongoing efforts to improve its business and investment environment.

Hai Phong tops 2024 PCI rankings following strong business environment reform efforts

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/6/chu-tich-nuoc-du-dai-le-phat-dan-lien-hop-quoc-vesak-2025-8014593-1-1746502588252508262244.jpg" alt="Vesak 2025 opens in Ho Chi Minh City- Ảnh 1."></figure>Vietnamese President Luong Cuong attends the opening ceremony of the UN Day of Vesak 2025The opening ceremony takes place at the Viet Nam Buddhist Academy in southern metropolis' Binh Chanh district.The event draws the participation of Vietnamese President Luong Cuong, Sri Lankan President Anura Kumara Dissanayaka, former President Truong Tan Sang, Head of the Central Commission for Communication, Education and Mass Mobilization Nguyen Trong Nghia, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, Deputy Prime Minister Mai Van Chinh, Minister of Ethnic Minorities and Religions Dao Ngoc Dung.Also present at the event are senior monks and religious leaders from global Buddhist councils, associations, and organizations, alongside revered monks from the Supreme Patriarch Council and the Executive Council of the Viet Nam Buddhist Sangha.This is the fourth time the UN Day of Vesak has been held in Viet Nam, and the first time it is hosted by Ho Chi Minh City - Viet Nam's biggest economic engine.This year’s Vesak celebration is blessed with the presence of the relic of Shakyamuni Buddha – a national treasure of India and a sacred, priceless relic of humankind. We also have the rare opportunity to pay homage to the undying heart relic of Bodhisattva Thich Quang Duc, affirming his enlightened spiritual realization, said Most Venerable Thich Tri Quang, Supreme Patriarch of the Viet Nam Buddhist Sangha’s Supreme Council.Vesak 2025 provides an opportunity for Buddhists worldwide to honor the birth, enlightenment, and passing into Nirvana of the Buddha Shakyamuni. It also serves as a chance to foster global friendship and promote Buddhism’s noble values in creating a world of peace and mutual understanding.The theme of this year's Vesak reflects both the core values of Viet Nam’s culture - unity and tolerance - and the UN’s message of peace and sustainable development. It focuses on human dignity as central to progress and global harmony./.

The United Nations Day of Vesak themed "“Solidarity and tolerance for human dignity: Buddhist wisdom for world peace and sustainable development” opens in Ho Chi Minh City on May 6.

Vesak 2025 opens in Ho Chi Minh City

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/4/sri-1746327993114150687511.jpg" alt="Sri Lankan President Dissanayaka starts State visit to Viet Nam- Ảnh 1."></figure>Sri Lankan President Anura Kumara Dissanayaka arrives at Ha Noi-based Noi Bai International Airport, May 4, 2025. Photo: VNAPresident Dissanayaka was welcomed at the airport by Deputy Foreign Minister Nguyen Manh Cuong, Deputy Minister of Ethnic Minorities and Religion Nong Thi Ha, Vietnamese Ambassador to Sri Lanka Trinh Thi Tam, Sri Lankan Ambassador to Viet Nam Perera Wewala Appuhamillage Udam Poshitha.This is the first visit by a head of State of Sri Lanka to Viet Nam in 16 years, according to Vietnamese Ambassador to Sri Lanka Trinh Thi Tam.During the visit, he is expected to meet with top Vietnamese leaders in Ha Noi and attend the UN Day of Vesak in Ho Chi Minh City.Viet Nam and Sri Lanka established diplomatic relations on July 21, 1970. The two countries have maintained traditional and multi-faceted cooperation.Sri Lanka has recognized Viet Nam's market economy status and considered the Southeast Asian nation as a successful economic development model./.

Sri Lanka's President Anura Kumara Dissanayaka arrived at Ha Noi-based Noi Bai International Airport on Sunday morning, starting his three-day State visit to Viet Nam.

Sri Lankan President Dissanayaka starts State visit to Viet Nam

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/25/lao-1745542244789416482536.jpg" alt="Viet Nam to help Laos build US$3 million hospital in Vientiane - Ảnh 1."></figure>The summit meeting between Vietnamese President Luong Cuong and General Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith in Vientiane, Laos, April 24, 2025The summit meeting took place right after the welcome ceremony for President Luong Cuong was held with the highest protocol for a head of state.Sisoulith warmly welcomed Luong's first visit to Laos as the President of Viet Nam, saying that the visit reflects the importance that the Vietnamese Party, State, and President himself attach to the great friendship, special solidarity, and comprehensive cooperation with Laos.&nbsp;The visit also marks an important milestone, contributing to deepening ties between the two Parties and countries in an effective and practical manner, for the sake of national construction and defence in each nation, noted Sisoulith.Sisoulith affirmed Laos's readiness to work closely with Luong and other high-ranking Vietnamese leaders to further foster the unique Viet Nam–Laos relationship, saying that Viet Nam's achievements in all aspects serve as a great source of encouragement and inspiration for Laos.President Luong Cuong, who is on a two-day visit to Laos, affirmed that the Party, State and people of VIet Nam always deeply cherish the sincere support extended by the Lao Party, State and people to the Vietnamese revolution.He praised Laos for maintaining political and social stability and achieving positive economic progress, reaffirming Viet Nam’s unwavering support for Laos’s international integration and building of an independent, self-reliant economy.Both leaders agreed that the enduring solidarity between Viet Nam and Laos is an invaluable asset founded by previous generations and further nurtured by future generations.The two leaders agreed to consolidate the trusted and close political relationship, maintain regular high-level visits and all-level exchanges, and facilitate people-to-people exchanges.They underscored the importance of effectively implementing high-level agreements, treaties, and cooperation strategies, particularly the outcomes of the recent meeting between the two Politburos, the two Party General Secretaries, and the 47th session of the Viet Nam–Laos Inter-Governmental Committee.&nbsp;Both sides promised to increase theoretical exchanges between the two Parties, sharing of experiences in preparation for their respective upcoming National Party Congress, as well as organisational restructuring, and intensify aware campaigns about the special Viet Nam–Laos relationship among officials, Party members and people from walks of life, especially the youth. The two leaders agreed on the need to seek new, breakthrough approaches to enhance the effectiveness of cooperation across economic, cultural, and sci-tech fields, by leveraging each nation’s strengths and potential. It is also necessary to enhance comprehensive and robust linkages between the two countries in the fields of economy, infrastructure development, budget-finance, and tourism. Both sides vowed to take effective measures to elevate bilateral trade to US$5 billion in the coming years and concurred to step up experience exchanges on macro-economic management.&nbsp;On joint work at multilateral forums, the two Presidents agreed to bolster information exchange as well as mutual consultation and support, promoting ASEAN’s centrality, and ASEAN-led and other key international cooperation mechanisms. They also committed to further coordinate bilaterally and with international partners involved in the sustainable and effective management of Mekong River water resources, for peace, cooperation and development in the region and the world. Both sides affirmed their commitment to closely coordinate and effectively implement the outcomes of the 3rd meeting of the top leaders of the three parties of Viet Nam, Laos, and Cambodia (held on February 22), while continuously nurturing the traditional friendship among the three parties and peoples. On this occasion, President Luong announced that the Party, State, and people of Viet Nam had decided to gift a district-level hospital project in Vientiane worth US$3 million to Laos. He proposed that both sides work closely together to expedite the project’s implementation and complete it by 2026.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/4/25/sig-1745541299593-1745541299762391519613.jpg" alt="Viet Nam to help Laos build US$3 million hospital in Vientiane - Ảnh 2."></figure>President Luong Cuong (standing, left) and General Secretary and President of Laos Thongloun Sisoulith witness the signing and exchange of a Letter of Intent between the Vietnamese and Lao Ministries of National Defence.Following their talks, the leaders witnessed the signing of several cooperation documents between the two countries’ ministries of national defense and justice, as well as between the authorities of Viet Nam’s Gia Lai province and Laos’ Attapeu province. On this occasion, the Lao side also presented an adjusted investment licence for the Xekaman 3 hydropower project in Sekong province. Later the same evening, prior to the official banquet hosted by Lao Party General Secretary and President Thongloun Sisoulith for his Vietnamese guests, the sides together attended the traditional Lao New Year (Bunpimay) wrist-tying ceremony to wish for good fortune in the year ahead./.

President Luong Cuong held talks with General Secretary of the Lao People's Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith in Vientiane on April 24.

Viet Nam to help Laos build US$3 million hospital in Vientiane

The Government also asked the legislative body to expand VAT reduction policy to cover other goods and services such as information technology, coke, oil and gas.The National Assembly had decided to reduce VAT to 8 percent from 10 percent on certain types of goods and services, applicable from 2022 to July 1, 2025, except for the following groups of goods and services:- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products.- Goods and services subject to special consumption tax.- Information technology according to the law on information technology.

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

Gov't proposes extension of VAT cut till next year's end

Honoring past, building futureApril 30, 1975 marked the culmination of decades of arduous struggle and sacrifice by the entire nation. As noted in the Political Report presented at the 4th National Congress of the Communist Party in December 1976, this was a victory forever inscribed in the nation’s history as one of its most glorious chapters, a shining symbol of revolutionary heroism and human wisdom. It also entered world history as one of the greatest triumphs of the 20th century, a globally significant and epoch-making event.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/21/16/420250421162933.jpg?rt=20250421162937" alt="Vietnam continues to stride firmly on the path of reform and progress"></figure></td></tr><tr><td>Vietnam continues to stride firmly on the path of reform and progress</td></tr></tbody></table></figure>During the painful yet heroic years of war, under the leadership of the Communist Party of Vietnam and President Ho Chi Minh, people from the North and the South stayed united, writing an immortal epic of national liberation. The moment tanks of the liberation army rolled into the Independence Palace on April 30, 1975 not only ended the oppressive regime of the past, but also opened a new chapter: a unified Vietnam, with full territorial integrity, independence, and freedom.April 30, 1975 stands as a brilliant milestone in Vietnam’s history, closing decades of war and opening a new era of peace, national unity, and the building of an independent, self-reliant, socialist-oriented Vietnam.In the years following 1975, Vietnam faced immense challenges in addressing the war’s devastating aftermath.Whether under the fire of war or the pressure of economic hardships, the spirit of national unity remained the core strength that became the torch guiding the nation forward. The past 50 years have demonstrated that one of the greatest lessons of development is the power of great national unity under the leadership of the Party.The Doi Moi (Renovation) policy launched by the Party in 1986 breathed new life into the country, transitioning Vietnam from a centrally-planned economy to a socialist-oriented market economy.Vietnam has gradually integrated into the global economy, becoming one of the fastest-growing economies in the region, and establishing open relations with countries and territories across the world.As the lyrics of Trinh Cong Son’s song “Joining hands in unity” go, “From the North to the South, we join hands…,” the spirit of April 30, 1975 remains a lasting source of motivation, empowering Vietnam to advance with confidence on its path of integration and development.The 50th anniversary of national reunification is not only a time to honor the past, but also a solemn promise to build a Vietnam that stands shoulder to shoulder with the great powers of the world, just as President Ho Chi Minh once envisioned.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/21/16/220250421163111.jpg?rt=20250421163113" alt="Liberation troops advancing on National Highway 1 from Nha Trang toward the South – Photo: Lam Hong Long/VNA"></figure></td></tr><tr><td>Liberation troops advancing on National Highway 1 from Nha Trang toward the South – Photo: Lam Hong Long/VNA</td></tr></tbody></table></figure>From reunification to new era of growthApril 30, 1975 is not only a historic milestone, but also a lasting source of inspiration for Vietnam to move confidently on its path of renovation. In a world full of uncertainties, the enduring lessons of unity, resilience, and creativity from the past continue to serve as a compass guiding the nation toward the future.It is a powerful inspiration, a great national spirit passed down through generations of Vietnamese, forged in the struggle for independence and freedom. Now, it remains the spirit that helps the nation overcome the challenges of development and prosperity.Over the past 50 years, Vietnam has journeyed from the dawn of reunification to the threshold of a new era.The spirit of that historic April 30, 1975 continues to hold its value, laying the foundation for the new era in which the entire nation rises together. This is the era of development and prosperity under the leadership of the Communist Party of Vietnam, the era of building a prosperous, strong, democratic, just, and civilized socialist Vietnam that stands shoulder to shoulder with the world’s great powers.This is the era in which every citizen enjoys a life of peace, prosperity, and happiness, an era where all are empowered to grow and thrive, contributing to global peace, stability, development, the happiness of humankind, and the advancement of civilization.The ultimate goal of this new era is prosperous people, a strong nation, and a socialist society standing alongside global powers.Vietnam aims to become a developing country with a modern industrial base and upper-middle income by 2030; and a developed socialist country with high income by 2045.It is time for Vietnam to ignite the spirit of self-reliance, confidence, and national pride to develop the country.April 30, 1975 will forever be the glory and honor of every generation of Vietnamese, the triumph of victory carried into the future on a new avenue of development.<figure class="table"><table><tbody><tr><td>April 30, 1975 is not only a historic date, but also a living inspiration for Vietnam’s ongoing journey of reform and rise.</td></tr></tbody></table></figure>

Half a century has passed since the historic moment of April 30, 1975, when Vietnam was reunified. The nation, united in joy, is steadily marching into a new era of growth with national aspiration.

Vietnam steadily marches into new era of growth

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/17/img4096-17448698699702014892595-1744882402178609598539.jpg" alt="UN Under-Secretary-General hails Viet Nam's socio-economic achievements- Ảnh 1."></figure>Deputy Prime Minister, Minister of Foreign Affairs Bui Thanh Son (R) shakes hands with Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations (UN) and Executive Secretary of its Economic and Social Commission for Asia and the Pacific (ESCAP), Ha Noi, April 17, 2025 - Photo: VGP/Hai MinhDeputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son met with Armida Salsiah Alisjahbana, Under-Secretary-General of the United Nations (UN) and Executive Secretary of its Economic and Social Commission for Asia and the Pacific (ESCAP), in Ha Noi on April 17 on the sidelines of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit.Bui said that Viet Nam backs multilateralism and the UN' central role in promoting cooperation and addressing global challenges.He hailed ESCAP's role in advancing the UN's major directions in the Asia-Pacific and fostering cooperation with regional organizations such as the Association of Southeast Asian Nations (ASEAN).Viet Nam remains an active participant and contributor to collective efforts to accelerate the implementation of the Sustainable Development Goals (SDGs), said the Deputy Prime Minister.He took the occasion to urge the UN and ESCAP to continue supporting Viet Nam in accelerating SDG progress in line with national priorities, through information sharing, international experience exchange, policy advice, and regional collaboration in areas such as science and technology, innovation, technical assistance, and responses to emerging global challenges, especially climate change, energy transition, and green growth.The Under-Secretary-General praised the country's significant progress in diplomacy and socio-economic development, and its leading role on various major international platforms.She hoped that Viet Nam would continue to support the UN and ESCAP in promoting multilateralism, consensus, and solidarity to tackle shared regional and global challenges, and in addressing the priorities of Asia-Pacific nations.Both sides agreed to continue supporting multilateralism, international law, and the UN Charter and expand regional cooperation.The pair also agreed to cooperate in Viet Nam's priority areas including science-technology, innovation, digital transformation, sustainable development, climate change response, green and energy transitions./.&nbsp;

The UN Under-Secretary-General praised Viet Nam's significant progress in diplomacy and socio-economic development, as well as its leading role on various major international platforms.

UN Under-Secretary-General hails Viet Nam's socio-economic achievements

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/14/17/hk-120250414171030.jpg?rt=20250414171031" alt="Prime Minister Pham Minh Chinh (R) receives Chairman of the Commercial Aircraft Corporation of China, Ltd. (COMAC) He Dongfeng in Hanoi on April 14. (Photo: VNA)"></figure></td></tr><tr><td>Prime Minister Pham Minh Chinh (R) receives Chairman of the Commercial Aircraft Corporation of China, Ltd. (COMAC) He Dongfeng in Hanoi on April 14. (Photo: VNA)</td></tr></tbody></table></figure>Prime Minister Pham Minh Chinh proposed the Commercial Aircraft Corporation of China, Ltd. (COMAC) cooperate with and support Vietnam in developing the aviation industry, as well as in exploiting and developing aerospace, while receiving its Chairman He Dongfeng in Hanoi on April 14.Welcoming He and leaders of COMAC on their working trip to Vietnam, coinciding with General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping's state visit to Vietnam, PM Chinh said that during the top Chinese leader’s ongoing visit to Vietnam, the two sides will discuss many important issues for the future development of the two countries and their relations, and at the same time, sign many important documents, including cooperation in the aviation sector.The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam. On that basis, the Vietnamese Government and relevant ministries and sectors are ready to facilitate airlines in the process of organising and exploiting flights between Vietnam and other countries, contributing to trade, tourism, and socio-economic development.Appreciating and congratulating COMAC’s achievements, PM Chinh said although the corporation was established not long ago, it has developed rapidly, becoming a large aircraft manufacturing group in China.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/14/17/hk-220250414171105.jpg?rt=20250414171105" alt="An overview of the recption. (Photo: VNA)"></figure></td></tr><tr><td>An overview of the recption. (Photo: VNA)</td></tr></tbody></table></figure>The PM believed that after each working session with leaders of COMAC, the aviation cooperation between COMAC and Vietnamese partners would have better results. He suggested that along with cooperation in leasing and hire-purchase of aircraft, COMAC cooperates with Vietnamese partners to invest in aircraft maintenance and repair centres in Vietnam.Analysing the development trends in today's world, as well as the aviation market in the region and the world, the government leader recommended that, with the tradition of good relations of "both comrades and brothers", "mountains connect mountains, rivers connect rivers" between Vietnam and China, COMAC cooperates and supports Vietnamese partners to develop aircraft fleets and expand flight routes; moving towards the production of components, manufacturing of aircraft, development of the aviation industry ecosystem, aviation economy, training of high-quality human resources and exploitation of Vietnam's aerospace, thus helping to develop the Vietnam-China relationship more substantially, effectively and intensively.Sincerely thanking PM Chinh for his reception, He highly appreciated the Vietnamese leader’s important contributions to fostering the Vietnam - China relationship, and facilitating COMAC's relations with Vietnamese partners, especially in perfecting the legal framework, creating conditions for COMAC's aircraft to be exploited in Vietnam.Highly agreeing with PM Chinh's assessment of new development trends in the world, the COMAC Chairman expressed his joy at witnessing the vitality, openness, tolerance and the atmosphere of striving to rise up taking place throughout Vietnam under the leadership of the Party and the administration of the Government, believing that under the leadership of the Communist Party of Vietnam, Vietnam has been great and will become even greater.Sharing about the formation and development process of COMAC, He said that from the beginning, after only 17 years, COMAC has become a major aircraft manufacturer, supplying for many partners around the world.Agreeing with the PM’s opinions, the COMAC Chairman hopes that the Vietnamese leader will regularly pay attention, support and direct Vietnamese partners to expand the scale of cooperation with COMAC, not only developing air transport but also aiming to develop the aviation industry in Vietnam./.

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/10/ttg-1744254844428989654497.jpg" alt="Prime Minister praises rescue team for successful misssion in Myanmar- Ảnh 1."></figure>The Prime Minister (third to left) presents the third-class Fatherland Protection Order to individuals in recognition of their outstanding achievements in supporting earthquake recovery efforts in Myanmar, Ha Noi, April 9, 2025 - Photo: VGPThe ceremony was attended by Prime Minister Pham Minh Chinh, Standing Deputy Prime Minister Nguyen Hoa Binh, Minister of National Defense Phan Van Giang, and Minister of Public Security Luong Tam Quang.From March 30-April 7, 2025, the Ministry of National Defense sent a delegation of 80 personnel along with nearly 60 tons of goods and equipment to Myanmar to assist the country in overcoming the aftermath of the earthquake disaster.They discovered 21 bodies, and joined hands with local rescue forces from Myanmar, Turkey, and the UAE, to successfully rescue a 26-year-old man.They handed over to Myanmar's Ministry of Social Welfare, Relief and Resettlement a total of 50 tons of dry rations; 3,026 tents; over 20 tons of equipment including generators, food, medical supplies, and other essential items.Members of the delegation also donated US$5,000 to support the families of the victims and organized medical check-ups and free medication distribution for more than 200 local residents.Meanwhile, the 26-member delegation from the Ministry of Public Security detected seven bodies, provided two rounds of aid to Myanmar, including medicines, medical equipment, essential supplies, and lodging items, with a total weight of 11 tons.Addressing the event, the Prime Minister said, this is the third time Viet Nam has deployed forces to directly carry out humanitarian assistance and disaster relief missions abroad.It demonstrates significant progress in capacity and experience, affirming the competence and reputation of Viet Nam's search and rescue forces in addressing non-traditional security challenges, stressed Pham.Their efforts have been deeply appreciated and highly regarded by the international community, as well as by the Government and people of Myanmar, he noted.The Prime Minister spoke highly of the efforts and achievements of the military and police delegations in supporting earthquake recovery efforts in Myanmar, as well as other agencies that provided proactive coordination to ensure the success of the mission.Their outstanding performance contributed to enhancing the prestige and standing of both the Vietnamese military and the nation on the international stage, reiterated Pham.He tasked the Ministry of National Defense, the Ministry of Public Security, and the Ministry of Foreign Affairs with evaluating and drawing lessons from the mission, and studying international best practices into training programs to enhance the quality and effectiveness of disaster prevention and response efforts./.

A commendation ceremony was held in Ha Noi on April 9 for the Vietnamese rescue team who successfully completing their mission in helping Myanmar overcome the aftermath of the earthquake.

Prime Minister praises rescue team for successful misssion in Myanmar

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/11/16/dien-8323-55020250411163110.jpg?rt=20250411163111" alt="Workers of Ho Chi Minh City Electricity Corporation. (Photo: nhandan.vn)"></figure></td></tr><tr><td>Workers of Ho Chi Minh City Electricity Corporation. (Photo: nhandan.vn)</td></tr></tbody></table></figure>In response, the Ministry of Industry and Trade issued the 2025 Power supply and grid operation plan (adjusted under Decision No. 3300/QĐ-BCT dated December 15, 2024). Total electricity production and imports for 2025 are forecast to reach 347.5 billion kWh, up 12.5% from 2024. During peak months, from April through June, electric load demand could increase by over 14%.Even before the peak heat, data from March already shows a sharp rise in electricity usage. The National Load Dispatch Centre (NSMO) reported an average daily load of 874.5 million kWh, up 47.8 million kWh compared to the same period in 2024.In Ho Chi Minh City alone, the average daily electricity consumption in March reached 86.97 million kWh, an increase of 16.32% from February. Residential consumption rose to 42.64 million kWh/day, up 19.81%. With April expected to bring peak heat, no rainfall, and stifling conditions, the city’s electricity usage may hit 100.8 million kWh/day, up 34.83% from February and 15.5% from March.To ensure a safe and stable power supply, the Ministry of Industry and Trade and Vietnam Electricity (EVN) are implementing measures including water level management in hydropower reservoirs, securing stable coal supply, and ensuring fuel availability.EVN has also finalised contingency plans for extreme heat, enhanced northbound power transmission, regulated reservoir water discharge, and accelerated maintenance of power units.

This year’s hot season is expected to begin in the second half of April across many parts of Vietnam and last for two to three months, according to the National Centre for Hydro-Meteorological Forecasting. As a result, electricity consumption is projected to surge dramatically.

Ensuring stable power supply during peak summer demand

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/4/10/btct-1744270667959934896302.jpg" alt="ASEAN economic ministers discuss U.S. tariff policy- Ảnh 1."></figure>&nbsp;Minister of Industry and Trade Nguyen Hong Dien attends the ASEAN Special Economic Ministers' Meeting on the U.S.' tariff policy, April 10, 2025 -Photo: VGPThe meeting was attended by the economic ministers of ASEAN Member States, the ASEAN Secretary-General, and Timor-Leste as an observer. The Vietnamese delegation was led by Minister of Industry and Trade Nguyen Hong Dien, accompanied by representatives from the Ministry of Foreign Affairs and relevant departments under the Ministry of Industry and Trade.The meeting discussed the latest geopolitical developments, including the U.S. reciprocal tariffs announced on 2 April 2025 with its impact on ASEAN Member States and ASEAN’s collective response going forward.Addressing the meeting, the Vietnamese Minister said, Viet Nam has taken a proactive approach in engaging with the U.S. via exchanges, dialogue, and negotiations.ASEAN needs to remain united, calm, and steadfast in its cooperation with the U.S., prioritizing the promotion of cooperation with external partners in general, and the U.S. in particular, in areas of mutual interest, thus realizing long-term development goals while also enhancing ASEAN's position in the new context, he urged.He also acknowledged and voiced his support for the content of the Joint Statement that had been discussed by ASEAN Member States.He emphasized that the Statement reflects ASEAN's unity and proactive role amid increasingly complex and unpredictable global trade developments.Viet Nam advocates ASEAN to adopt a comprehensive, flexible, and practical approach to strengthening economic resilience and promoting supply chain diversification via making effective use of existing Free Trade Agreements (FTAs), particularly through the upgrade of the ASEAN Trade in Goods Agreement (ATIGA), noted Nguyen./.

Virtual Special ASEAN Economic Ministers’ Meeting tool place on April 10 under the chair of Tengku Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry of Malaysia and Chair of the ASEAN Economic Ministers’ (AEM) Meeting this year.

ASEAN economic ministers discuss U.S. tariff policy

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/08/17/spain-120250408171442.jpg?rt=20250408171443" alt="Prime Minister Pham Minh Chinh (right) receives Spanish Ambassador to Vietnam Carmen Cano De Lasala in April 2024. (Photo: VNA)"></figure></td></tr><tr><td>Prime Minister Pham Minh Chinh (right) receives Spanish Ambassador to Vietnam Carmen Cano De Lasala in April 2024. (Photo: VNA)</td></tr></tbody></table></figure>Spanish Prime Minister Pedro Sanchez’s official visit to Vietnam from April 8 to 10, made at the invitation of his Vietnamese counterpart Pham Minh Chinh, is expected to create great momentum and serve as a launchpad for the two countries to elevate their relations to a new, more practical and effective level.The trip is the first official visit to Vietnam by a Spanish PM since the countries established their diplomatic ties in 1977, and also the first by a high-ranking leader of the European country in 19 years, since the tour by King Juan Carlos and Queen Sofia in 2006. It demonstrates Spain’s strong commitment to deepening ties with Vietnam and also highlights Vietnam’s growing role and position in the region and the world. It is hoped to pave the way for a more dynamic and robust economic and trade partnership between the two countries in the coming years.Strategic partnership grows strongerRelations between Vietnam and Spain date back five centuries, beginning with trade ties when Spanish merchants first arrived at Hoi An Port to establish a thriving commercial presence in the region. The two countries officially established diplomatic relations on May 23, 1977.Over the past 48 years, Vietnam and Spain have steadily expanded their friendship and cooperation across multiple fields. Bilateral ties has grew even stronger and more comprehensive since the establishment of the "strategic partnership towards the future" during President Nguyen Minh Triet’s visit to Spain in December 2009. Notably, Spain was the first EU country to become a strategic partner of Vietnam.In recent years, the two sides have built up a close relationship and extensive cooperation based on mutual trust and understanding, fostered through regular mutual visits and cooperation at all levels.Most recently, PM Chinh met with his Spanish counterpart Sanchez on the sidelines of the G20 Summit in Rio de Janeiro, Brazil, in November 2024, during which the former affirmed that Vietnam always attaches importance to and wishes to further intensify the strategic partnership with Spain. He proposed increasing delegation exchanges at all levels, expediting the signing of a new joint action programme for the new period between the two governments, and boosting collaboration in transport infrastructure, renewable energy, science and technology, and agriculture.PM Sanchez agreed with Chinh’s proposals and suggested enhancing cooperation in developing infrastructure, particularly metro systems, urban railways, and city planning. He also proposed practical activities be held to celebrate the 50th founding anniversary of diplomatic ties in 2027.The two countries currently maintain the political consultation at the deputy foreign minister level, as well as a joint committee on economic, trade, and investment cooperation chaired by the Vietnamese Ministry of Industry and Trade.The two sides have also cooperated closely and supported each other at multilateral mechanisms, especially the UN and the ASEAN–EU relations.Bright prospects for economic and trade cooperation<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/042025/08/17/spain-220250408171502.jpg?rt=20250408171502" alt="The first solar power plant in Con Dao (Ba Ria-Vung Tau province) under a project to promote solar power development in Vietnam worth 140,000 EUR out of 1 million EUR in non-refundable aid from the Spanish Government. (Photo: VNA)"></figure></td></tr><tr><td>The first solar power plant in Con Dao (Ba Ria-Vung Tau province) under a project to promote solar power development in Vietnam worth 140,000 EUR out of 1 million EUR in non-refundable aid from the Spanish Government. (Photo: VNA)</td></tr></tbody></table></figure>Since the establishment of the strategic partnership, economic and trade links have seen strong growth. Spain is currently Vietnam’s fifth-largest trading partner in the EU while Vietnam is Spain’s biggest in ASEAN. From 2019 to 2024, bilateral trade maintained solid growth, averaging 8.7% annually.In 2024, the two-way trade hit a record of 4.72 billion USD, marking a 20% increase compared to 2023. The two countries' import-export structures are largely complementary to rather than directly compete with each other.The countries have effectively implemented the EU – Vietnam Free Trade Agreement (EVFTA), which took effect in August 2020. Spain was also among the first EU countries to ratify the EU – Vietnam Investment Protection Agreement (EVIPA), in January 2022, which Vietnamese Ambassador to Spain Doan Thanh Song described as a demonstration of Spain’s growing interest in Vietnam as a promising market for Spanish businesses. The recent opening of the Spanish Chamber of Commerce in Hanoi is also a vivid example of the European nation's determination to strengthen economic relations with Vietnam.As of January 2025, Spain had 97 investment projects worth 143.9 million USD in Vietnam, ranking 46th out of the 149 countries and territories investing in the Southeast Asian nation. Its investments are concentrated in the manufacturing and processing industry (56.1%) and accommodation and food services (32.8%). Ambasador Song said that notable recent Spanish investments focus on renewable energy and digitalisation, which are all priority sectors Vietnam is attracting high-tech foreign direct investment (FDI) to.Meanwhile, Vietnam had invested 64.2 million USD in three projects in Spain, operating in the fields of science - technology research and processing - manufacturing. That gave Spain the 24th place among the 79 overseas investment destinations of Vietnam.Regarding development cooperation, Vietnam has continually been one of the priorities in Spain's development cooperation policy. To date, the European nation has pledged over 1 billion USD in ODA loans and non-refundable aid for Vietnam through six cooperation programmes to support poverty reduction, gender equality, health care, and clean water supply, contributing significantly to local socio-economic development.According to Ambassador Song, there remains huge room for the two countries to boost all-around cooperation in the coming time, from economics, renewable energy development, agriculture, education - training, culture, sports, and tourism, to people-to-people exchanges.Strengthening Vietnam – Spain strategic partnershipThe diplomat noted Vietnam and Spain are currently at the stage of sharing the most common interests to date, creating a strong stepping stone for further deepening their strategic partnership. Both sides are actively seeking to expand and diversify their markets and partners. Spain holds a strategic position and influence not only in Europe, but also in Spanish-speaking countries, Latin America, and North Africa. Strengthening ties with Spain will thus help Vietnam broaden its cooperation and enhance its role and reputation in these regions.PM Sanchez’s official visit to Vietnam holds great significance as it reflects Spain’s determination to enhance cooperation with Vietnam, Song said, adding that by bringing along a delegation of Spain’s leading corporations to Vietnam during the visit, the Spanish side demonstrates a concrete step toward expanding economic engagement between the two countries.During the visit, the two sides are scheduled to discuss measures for bolstering cooperation, enhancing political trust, reinforcing the existing foundation of relations, and exploring new opportunities in potential areas, especially politics - diplomacy, trade - investment, science - technology, infrastructure, urban transport, sustainable development, and renewable energy. Several bilateral cooperation agreements are also expected to be inked on this occasion.Ahead of his visit, PM Sanchez stressed that Vietnam has become a magnet for foreign investment, and affirmed that thanks to the EVFTA, Spanish companies, especially those operating in infrastructure and renewable energy, will be able to seize business opportunities in Vietnam./.

The visit demonstrates Spain’s strong commitment to deepening ties with Vietnam and also highlights Vietnam’s growing role and position in the region and the world.

Spanish PM’s trip paves way for stronger cooperation with Vietnam

Market recovery expectedFrom late 2024 to the end of February 2025, domestic rice prices and export rice prices in Vietnam saw a continuous sharp decline. However, in the first half of March 2025, rice export prices began to rise slightly, while prices in other countries continued to drop.According to the Vietnam Food Association (VFA), as of March 20, 2025, Vietnam’s 5% broken rice was offered at US$400 per tonne on the export market, an increase of US$6 per tonne compared to the previous week. Notably, the price of 100% broken rice for export rose by US$12 to US$325 per tonne.Meanwhile, India’s 5% broken rice export price has dropped to its lowest level in 21 months due to weak demand and intense competition from other exporting countries. Similarly, Thailand’s 5% broken rice price has decreased by US$7–10 per tonne compared to the previous weekend due to exchange rate fluctuations.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/26/17/rice-exports-320250326170603.jpg?rt=20250326170605" alt="Vietnam’s rice exports: Time to compete by high-quality varieties"></figure></td></tr><tr><td>Experts say rice exports likely to bounce back in Q2 on price and market demand recovery</td></tr></tbody></table></figure>At a recent rice market conference, experts stated that global rice import demand is expected to remain high this year. Though India’s removal of its white rice export ban has put significant pressure on other exporting countries, especially for low-grade white rice, they said, Vietnamese rice has its own market segment.Since 80% of Vietnam’s rice exports are in the high-quality segment, the impact of India’s return to the market, mainly with lower-quality rice, is only temporary, said Pham Thai Binh, chairman of the Board of Directors of Trung An Hi-Tech Agriculture JSC.Indeed, Vietnam has an advantage of exporting fragrant and high-quality rice, which is favoured in premium markets such as the EU, the US, and Japan.In addition, limited domestic supply prevents Vietnam from engaging in panic selling, reducing short-term price pressures. Furthermore, forecasts for 2025 indicate that China will need to import 5-6 million tonnes, while the Philippines will continue importing 4.5-4.7 million tonnes.“Rice exports will thrive from Q2 2025, which will support the recovery of Vietnam’s rice prices,” remarked Binh.<h2 style="text-align:justify;">Market orientations outlined</h2>In the face of the complex developments in the global rice market and their impact on Vietnam’s rice exports, the Ministry of Industry and Trade (MoIT) has outlined key solutions to ensure supply, stabilize prices, and protect farmers’ interests.Accordingly, rice export management must adhere to a dual principle of maximizing market advantages to increase export value while ensuring domestic food security. The MoIT will continue to coordinate closely with the Ministry of Agriculture and Environment, the Ministry of Finance, and local authorities to implement flexible and practical policies.The MoIT has instructed relevant agencies to strengthen the inspection and supervision of the distribution system and strictly handle violations to prevent price hikes that could negatively impact domestic consumers.It has also directed rice exporters to strictly comply with regulations on maintaining a minimum circulating stock to ensure sufficient supply for the domestic market in case of market fluctuations.To maintain Vietnam’s rice position in the international market, the MoIT emphasized the need to improve rice quality, promote sustainable production, apply modern processing and storage technologies, and expand access to high-value export markets.It has assigned the Import-Export Department to take the lead, in collaboration with the Vietnam Food Association (VFA), in organizing trade promotion delegations to the Philippines and China. The Trade Promotion Agency has been instructed to research and allocate additional funds for rice trade promotion. The move aims to sustain traditional export markets such as the Philippines, Indonesia, Malaysia, and China.Source: VOV

Vietnam’s rice export prices have increased for the second consecutive week after a period of sharp decline, and experts predict that rice exports will improve in the second quarter of the year.

Rice exports likely to bounce back in Q2 on price and market demand recovery

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/25/ecb-1742866981981382964782.jpg" alt="ECB stands ready to help Viet Nam develop international financial centers - Ảnh 1."></figure>Standing Deputy Prime Minister Nguyen Hoa Binh (R) shakes hands with President of the European Central Bank (ECB) Christine Lagarde, Frankfurt, Germany, March 24 (local time), 2025 - Photo: VGPThe working is part of the Vietnamese official's on-going working visit to three European nations.Nguyen hailed the role of the ECB in controlling inflation, maintaining economic stability, and promoting sustainable growth—an exemplary model that Viet Nam wishes to learn from.Since the signing of the EU-Viet Nam Free Trade Agreement (EVFTA), cooperation pillars between Viet Nam and the EU have been strengthened, he said, adding that the upcoming visit of the EU President to Viet Nam will be an opportunity for the two sides to upgrade the relationship into a comprehensive strategic partnership.Currently, the EU has invested more than US$31 billion in over 2,600 projects in Viet Nam, while the Southeast Asian nation poured around US$500 million in 114 projects in the union. The EU is now Viet Nam's second-largest export market, following only the U.S.Viet Nam wishes to learn experience from advanced countries to improve its financial market, strengthen cash flow control, and manage macroeconomic policies, shared the Deputy Prime Minister.The Southeast Asian country is developing a legal framework to attract investment in building international financial centers. The Vietnamese National Assembly is expected to issue a resolution on the establishment of the thế centers this year, told Nguyen.The international financial centers will be developed towards providing modern financial services such as green finance, derivatives, and fintech, with a particular focus on meeting financial needs for large-scale infrastructure and energy projects, he said.The Deputy Prime Minister suggested ECB, with its extensive experience, provide support for Viet Nam in developing management policies, attracting investment, controlling risk, and launching anti-money laundering measures.ECB President Christine Lagarde, for her part, acknowledged and highly appreciated Viet Nam's direction in developing the international financial centers.The ECB would assign its legal department to support Viet Nam in building a suitable legal framework for the operation of the financial centers, she said, adding that the bank also shared insights on its independent supervisory mechanism, which meets global standards and is applied across Europe.Lagarde welcomed the proposal for Vietnamese officials to intern at the ECB to learn about the operational model of the international financial centers.Last year, the Politburo gave the green light for a project to develop a comprehensive international financial hub in Ho Chi Minh City and a regional financial center in Da Nang, central Viet Nam./.

Standing Deputy Prime Minister Nguyen Hoa Binh had a working session with the European Central Bank (ECB) in Frankfurt, Germany on March 24.

ECB stands ready to help Viet Nam develop international financial centers

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/20/lehoi-1742439750136556393574.jpg" alt="An Giang's festival receives UNESCO certificate as Intangible Cultural Heritage of Humanity- Ảnh 1."></figure>A ceremony to receive a UNESCO certificate recognizing the Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang as an Intangible Cultural Heritage of Humanity, Chau Doc, An Giang Province, March 19, 2025 - Photo: VGPThe event saw the participation of Deputy Prime Minister Mai Van Chinh, former Prime Minister Nguyen Tan Dung and UNESCO Representative to Viet Nam Jonathan Baker.It is Viet Nam's 16th intangible cultural heritage recognized by UNESCO and the second heritage in the Southern region (after the Art of Don Ca Tai Tu music and song) and, notably, the first traditional festival in the Mekong Delta receiving this honor.Speaking at the ceremony, the Deputy Prime Minister expressed hopes that international organizations, especially the UNESCO Viet Nam, will continue to accompany and support the country in preserving, promoting, and spreading traditional cultural values, integrating them into the global cultural heritage.Culture is the spiritual foundation of society and the soul of the nation, he said, emphasizing the need to focus on protecting the cultural space of the heritage by ensuring a harmonious balance between preservation and development, while maintaining the sacred landscape of Sam mountain.Mai also asked for preserving traditional rituals, raising community awareness about the value of heritage, investing in sustainable development of cultural tourism, and enhancing the promotion of heritage image with a view to further spreading influence, and inspiring cultural values of the festival.&nbsp;The festival has been preserved and practiced for generations in Chau Doc of An Giang province. It is held from the 22nd to the 27th of the fourth lunar month, at the Ba Chua Xu Temple on Mount Sam and the stone pedestal on the mountain to worship the Holy Mother.It reflects the culture of Viet Nam's southerners as well as cultural exchange and blending with the Khmer, Chinese, and Cham communities. The festival honors Ba Chua Xu and serves as a time for local residents to express their gratitude and respect for those who have rendered service to the nation./.

A ceremony was held on March 19 to receive UNESCO certificate recognizing the Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang as an Intangible Cultural Heritage of Humanity.

An Giang's festival receives UNESCO certificate as Intangible Cultural Heritage of Humanity

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/20/15/ngan-hang17052024-120250320152823.jpg?rt=20250320152824" alt="Total foreign ownership in Vietnamese commercial banks is capped at 30%, with some exceptions, under Decree No. 69/2025/ND-CP. (Photo: VNA)"></figure></td></tr><tr><td>Total foreign ownership in Vietnamese commercial banks is capped at 30%, with some exceptions, under Decree No. 69/2025/ND-CP. (Photo: VNA)</td></tr></tbody></table></figure>The Vietnamese Government has issued a new decree stipulating that foreign investors could only buy treasury stocks which were purchased by credit institutions before January 1, 2021.Decree No. 69/2025/ND-CP amends several provisions of Decree No. 01/2014/ND-CP regarding foreign investment in Vietnamese financial institutions. The changes specifically address purchase methods, ownership limits, and investor obligations.Accordingly, total foreign ownership in Vietnamese commercial banks is capped at 30%, with some exceptions, while that in non-bank credit institutions is no more than 50%.In special cases involving weak or troubled financial institutions, the Prime Minister will decide on ownership percentage of a foreign organisation or a strategic foreign investor. The new decree also allows foreign ownership in commercial banks undergoing mandatory transfers to exceed 30% but not surpass 49% of charter capital, provided the bank is not majority state-owned.If foreign investors surpass the regulated thresholds, they must reduce their ownership percentage within six months to comply with the limits.When the total foreign ownership in a credit institution exceeds the legal threshold, foreign investors cannot purchase additional shares until total foreign ownership falls below the prescribed limits.The decree will take effect on May 19, 2025./.

Decree No. 69/2025/ND-CP amends several provisions of Decree No. 01/2014/ND-CP regarding foreign investment in Vietnamese financial institutions. The changes specifically address purchase methods, ownership limits, and investor obligations.

Decree on foreign investment in Vietnamese financial institutions amended

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/19/ong-nguyen-hoa-binh-tham-anh-3-1742374207821955739962.jpg" alt="Viet Nam, UK strengthen cooperation on int’l financial center development- Ảnh 1."></figure>Standing Deputy Prime Minister Nguyen Hoa Binh (L) shakes hands with UK Deputy Prime Minister Angela Rayner in London, March 18, 2025 - Photo: VGP/Dinh HaiNguyen reaffirmed Viet Nam's commitment to strengthening the Viet Nam-UK Strategic Partnership and supporting the UK's increased engagement in the Asia-Pacific region.He called on the UK to share its expertise and encourage British enterprises and financial institutions' participation in developing international financial centers in Viet Nam; support Viet Nam in training and attracting high-quality human resources for this area.Nguyen also called on British businesses to invest in and expand their presence in Viet Nam, particularly in&nbsp;clean energy and renewable energy sectors.In response, Rayner welcomed Viet Nam's initiative to develop financial centers, expressing strong support for British enterprises, experts, and scientists to contribute to the project, thereby strengthening cooperation between the two countries.She also emphasized that both sides have significant opportunities to enhance trade and energy collaboration, particularly in new and renewable energy sectors.The British Government leader suggested that the two sides strengthen cooperation in combating crime, particularly in illegal immigration prevention.The two sides pledged to leverage trade agreements such as the UK-Viet Nam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to facilitate market access, aiming to boost bilateral trade volume to US$10 billion and beyond.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/19/ong-nguyen-hoa-binh-tham-anh-2-1742376045898819147715.png" alt="Viet Nam, UK strengthen cooperation on int’l financial center development- Ảnh 2."></figure>The roundtable on the development of financial centers in Viet NamAt the roundtable on the development of financial centers in Viet Nam, Deputy Prime Minister Nguyen Hoa Binh&nbsp;spoke highly of the contributions of the UK's financial institutions and experts to the process of building financial centers in Viet Nam.He encouraged British experts and businesses to continue providing insights and recommendations to help Viet Nam refine its legal framework, policies, and regulations for the establishment and operation of financial centers.

Standing Deputy Prime Minister Nguyen Hoa Binh met with British Deputy Prime Minister Angela Rayner and attended a roundtable on international financial center development in London on March 18 (local time), as part of his ongoing European tour.

Viet Nam, UK strengthen cooperation on int’l financial center development

"The SBV will innovate its credit management measures and create a roadmap to gradually reduce and eventually eliminate the allocation of credit growth quotas for each bank," said SBV Deputy Governor Dao Minh Tu.The credit growth quota system, which puts a cap on the credit expansion of each bank, has been maintained by the SBV since 2011, when Vietnam’s economy was experiencing hyperinflation stemming from excessive money supply. The tool was used to successfully control the quality of lending and ensure the safety of the banking system and macroeconomic stability.However, experts said that after over a decade of implementation, this tool is currently inappropriate and hinders people and businesses from accessing bank loans. Due to the quota system, even with a monetary surplus, banks cannot lend if they run out of their allotted credit quota.According to Le Hoai An, co-founder of the financial data provider Wigroup’s WiResearch, the credit policy was applied due to the characteristics of the Vietnamese economy at the time.From 2007 to 2010, the economy saw overheating credit growth, with continuous growth exceeding 30-40% per year. This did not create added value for the economy and also led to serious consequences like high inflation and an increasingly bad debt ratio.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/032025/18/10/in_article/nhnn-tien-toi-bo-room-tin-dung20250318103322.jpg?rt=20250318103324" alt="Central bank to create roadmap for eliminating credit growth quota policy"></figure></td></tr><tr><td>Illustrative photo (Photo: diendandoanhnghiep)</td></tr></tbody></table></figure>However, An said, from 2013 to 2019, with a credit growth rate of only about 14-15% per year, the banking system could still support the economy to achieve a GDP growth rate of about 7%.“This proves that reasonable credit control does not mean restraining economic growth. On the contrary, it creates conditions for more stable and sustainable development,” An said.According to An, there has also been a shift in credit flow. Before 2022, the growth rate of retail lending was often higher than that of corporate lending. Meanwhile in 2023, the growth rate of corporate lending was higher than that of retail lending for the first time.This trend was also seen in 2024 and is expected to continue this year. Therefore, the shift in the credit flow shows the need for more flexibility in allocation, expansion or elimination of the credit growth quota.The SBV can begin to gradually remove the policy when Vietnam's capital market is more developed, An said.Test runExperts suggest the SBV can choose the best commercial bank group to test the removal of the credit growth policy in its initial phase of implementation.“The SBV can experiment with allowing about the 15-20 best banks to freely increase credit. The remaining banks will still have to apply the credit growth cap,” suggested Dr Nguyen Tu Anh, former Director of the Centre for Economic Information, Analysis and Forecasting under the Central Economic Committee.However, Anh noted, testing the removal of the credit growth cap needs to be strictly controlled, because when the restriction is removed, the competitive environment between banks will become more intense. This will create motivation and encourage banks that are unable to freely increase credit to improve their governance quality and operational efficiency, so that they can join the group.For banks that cannot compete, solutions must be considered, such as merging or cooperating with each other to gain competitiveness.“In a market economy environment, competition is inevitable. Banks that are well-governed, have a good vision and do well will win this game,” Anh said.Anh proposed that banks must meet certain criteria and conditions to qualify for the pilot programme. This not only creates strong competitive pressure in the banking system, but also promotes better quality banks.Echoing Anh, An said that when removing the credit growth quota policy, the SBV needs to change the monitoring mechanism by tightening a series of financial indicators for banks, such as capital safety ratio, bad debt coverage ratio and other provisions."In particular, the SBV needs to closely monitor the situation to avoid capital flow going astray after removing the policy. If a bank has a lending rate for real estate or risky sectors that exceeds the safety limit, the SBV needs to take timely adjustment measures to ensure the stability of the financial system,” An noted.

As experts have said the credit growth quota policy for commercial banks is currently inappropriate and hinders customers in accessing bank loans, the State Bank of Vietnam (SBV) has announced plans to gradually remove the scheme.

Central bank to create roadmap for eliminating credit growth quota policy

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/13/viet-nam-la-hinh-mau-cho-cac-quoc-gia-dang-phat-trien-17418519221241647101140.png" alt="Viet Nam: A Beacon of Progress for Developing Nations, Says Former Indian Minister- Ảnh 1."></figure>Shrimp processing line for export in Binh Chanh district, Ho Chi Minh City. Photo: VNARegarding Viet Nam-India relations, Suresh Prabhu emphasized that Viet Nam is a key partner for India, not only in economic development but also in broader strategic cooperation.India seeks to deepen this partnership and implement further initiatives that benefit both nations, particularly in trade. He affirmed that bilateral relations will continue to strengthen.Prabhu described Viet Nam as a "model of development for any developing country" due to its successful integration into global supply chains.Also, he highlighted Viet Nam as a rare example of an economy that has opened up and achieved remarkable growth.As a result, Viet Nam stands as a testament to what can be accomplished—not only for its own benefit but also for the countries it partners with.In an era of global economic slowdown and mounting challenges, he asserted that Viet Nam's model offers valuable lessons for other nations.Furthermore, Prabhu underscored the importance of the Association of Southeast Asian Nations (ASEAN) to India, calling it a critical trade bloc and a key economic partner of the South Asian nation.He noted that India and Viet Nam share a broad partnership spanning strategic sectors such as economics, society, culture, people-to-people ties, and trade.Given this strong foundation, he suggested that both nations explore discussions on a potential bilateral Free Trade Agreement (FTA).Such an agreement, he argued, would facilitate trade in goods and services, unlock new business opportunities, and create more jobs in both countries./.

Former Indian Minister of Commerce and Industry Suresh Prabhu lauded Viet Nam as an exception in opening up its economy and achieving rapid development.

Viet Nam: A Beacon of Progress for Developing Nations, Says Former Indian Minister

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/3/12/party-chief-to-lam-1741768931062455902883.jpg" alt="New orchid hybrid named after Vietnamese Party chief, his spouse- Ảnh 1."></figure>General Secretary To Lam (center) and his spouse Ngo Phuong Ly (1st from L) and Singaporean Prime Minister Lawrence Wong at at the National Orchid Garden within the Singapore Botanic Gardens, as part of his official visit to the island city state, March 12, 2025 - Photo: VNAThe naming ceremony took place as part of To's official visit to the city state. This is a prestigious diplomatic tradition in Singapore, reserved exclusively for distinguished foreign guests.The new orchid species was hybridized from an orchid species naturally distributed in Viet Nam and the another in Singapore.This is the first visit to Singapore by To Lam in his capacity as the CPV General Secretary, marking a new milestone in the Viet Nam-Singapore bilateral relations.The visit is also expected to cement and deepen the ties between the CPV and the PAP, laying a solid political foundation for the bilateral relationship.It will also contribute to further promoting cooperation between the two countries in such areas as green economy, digital economy, science-technology and innovation, clean energy, and financial center development./.

A new orchid species in Singapore has been named "Papilionanda To Lam Linh Ly” in honor of General Secretary of the Communist Party of Viet Nam Central Committee To Lam and his spouse Ngo Phuong Ly.

New orchid hybrid named after Vietnamese Party chief, his spouse

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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

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Marketing has changed as digital extends into all areas of our lives. While this gives advertisers greater opportunities, it also means customers expect more. Audiences today want services and content that meet their needs, wherever they are, whatever they're doing.At Orange, we're not just specialists in different types of digital marketing - we also know how to bring it together. By putting the customer at the center, we create simple, effective strategies that connect with people across every channel - and grow business in ways they can measure.We’re steadfast in our belief that clarity leads to better results and we use that thinking to power campaigns that help clients improve their marketing impact. We help clients across a diverse range of industries strengthen their brands, ramp up their marketing and grow their share of voice.VISION AND MISSIONOrange aims to become one of the pioneers in marketing. In addition to enhancing and developing traditional marketing such as event management, product promotion, we have been pioneering the expansion of the new Digital Marketing field with the expectation of welcoming the trend and connecting with Global.For Employees: At Orange, we believe “people are the precious assets of the nation" We want to become a second family to each member. We care and create the best condition to work for every member of the company.For customers: Orange always wants to bring the best products and services to customers. We work with the slogan "Bring the best solution to customers". Come to us and you will never be disappointed.For society: We bring benefits to society in a certain way in terms of marketing; create jobs and dynamic environment for young people who have the desire to express themselvesCORE VALUEAmbitiousWe work to make things better. Our aim is high and we never settle.ResponsibleQuality is our first purpose. We take responsibility for our actions. We openly communicate and treat people well in every job we do.CollaborativeWe work alongside media agency, marketing agency and state agency to achieving outstanding results by sharing ideas and knowledge with the best in the business.AgileWe move fast. Real-time reporting, close ties with media agency, and an instinct for trends means we spot opportunities first.PEOPLEOrange’s team has a solid foundation and passion for business management, marketing, finance and development solutions to help businesses grow their markets. Our team is talented and diverse, has the capacity to execute and speaks frankly, behaves in a positive way, accepts challenges and embraces the introduction of intelligent solutions based on modern knowledge. We employ people who are capable of leadership, creativity, enthusiasm in work and the ability to work as well as run a team. <a href="https://api.orangemedia.com.vn/document/ORANGE%20DA%20FIX_20250310040309.pdf">Corporate capability statement</a> &nbsp;

MARKETING HAS CHANGED AS DIGITAL EXTENDS INTO ALL AREAS OF OUR LIVES. WHILE THIS GIVES ADVERTISERS GREATER OPPORTUNITIES, IT ALSO MEANS CUSTOMERS EXPECT MORE. AUDIENCES TODAY WANT SERVICES AND CONTENT THAT MEET THEIR NEEDS, WHEREVER THEY ARE, WHATEVER THEY'RE DOING&nbsp;<figure class="table"><table><tbody><tr><td>At Orange, we're not just specialists in different types of digital marketing - we also know how to bring it together. By putting the customer at the center, we create simple, effective strategies that connect with people across every channel - and grow business in ways they can measure.</td><td>We’re steadfast in our belief that clarity leads to better results and we use that thinking to power campaigns that help clients improve their marketing impact. We help clients across a diverse range of industries strengthen their brands, ramp up their marketing and grow their share of voice.</td></tr></tbody></table></figure>

About

<figure class="image"><img src="https://api.orangemedia.com.vn/images/SEO-Skills_20240830030557.jpg"></figure>SEO - Search Engine Optimization (SEO) is now known as the most effective tool in Online Marketing System. SEO services have emerged since Google became the number one search engine in the world. SEO is the foundation for success. SEO is always a very important part of the campaign to reach customers. Our SEO services always ensure two main factors are high quality and affordable. You just need to come up with a requirement and we will offer a total SEO solution on search engines. Let us know what you need and we will help you.

SEO - Search Engine Optimization (SEO) is now known as the most effective tool in Online Marketing System. SEO services have emerged since Google

Our Expertise

<figure class="image"><img src="https://api.orangemedia.com.vn/images/rqpolxa6ivcvuzkbol5c1a1b4aea4f4_20240830030622.jpg"></figure>Digital Marketing is an activity that has many advantages in the period of internet explosion. However, it does not always deliver remarkable benefits, it’s a double-edged sword. Internet is multi-dimensional and that bring to users the right to speak their voice.Therefore, in order to have a successful Digital Marketing campaign, it is necessary to build a proper campaign from the beginning with the motto of prestige, focus on quality. Orange is pleased to bring you the Digital Marketing solution package as required by your brand to get maximum effect.

Digital Marketing is an activity that has many advantages in the period of internet explosion. However, it does not always deliver remarkable

Digital Marketing 

NEWS

<figure class="image image_resized" style="width:50%;"><img src="https://api.orangemedia.com.vn/images/social-media-marketing-1728x800_c_20240830030849.png"></figure>Always follow and understand the needs and behavior habits of people in modern life, making specialized social media marketing campaign such as Facebook Management, Forum Seeding, KOLs, Youtube Channel, Viral Clip,… is the responsibility of Orange Ltd. We devote our knowledge and time to your brand. This is what makes us the most trusted place in the hearts of consumers.

Always follow and understand the needs and behavior habits of people in modern life, making specialized social media marketing campaign such as

SOCIAL

<figure class="image"><img src="https://api.orangemedia.com.vn/images/service-spotlight-website-management_20240830030746.jpg"></figure>When creating a website or a fan page for business purposes, it will be very difficult to make benefits if introducing products without development orientation and innovative content ideas. Developing a website or fan page may seem simple but make it appear on search engines or gets interactions from internet users is not a simple task. Orange is the right place you need to go if you need help with your website and fan page.

When creating a website or a fan page for business purposes, it will be very difficult to make benefits if introducing products without development&nbsp;

MANAGING WEBSITE

<figure class="image"><img src="https://api.orangemedia.com.vn/images/adwords-tips_20240830031032.png"></figure>Google has now become the number one search engine in the world. In Vietnam, 90% of internet users use Google for their need of internet search. Therefore, Google Adwords has quickly used for online businesses to achieve maximum efficiency. We are here to bring you the Google Advertising service with the most outstanding features.

Google has now become the number one search engine in the world. In Vietnam, 90% of internet users use Google for their need of internet search

GOOGLE ADWORDS

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