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<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/12/12/adb-17655076874851999524774.jpg" alt="ADB lifts Viet Nam’s growth forecast to 7.4 percent in 2025- Ảnh 1."></figure>The Asian Development Bank has raised Viet Nam's growth forecast to 7.4% in 2025.In its latest Asian Development Outlook, ADB upgrades growth forecast for developing economies in Asia and the Pacific by 0.3 percentage points to 5.1 percent.The regional upgrade comes as exports outperform expectations and trade uncertainty eases following the conclusion of several trade agreements with the U.S.&nbsp;The ADB report highlights that robust exports—especially of semiconductors and other technology products—together with cooling inflation and stable financial conditions, have strengthened the region's overall growth prospects.Developing Asia is now expected to expand 5.1 percent in 2025, higher than the 4.8 percent projected in September, while the 2026 outlook has been nudged up to 4.6 percent."Asia and the Pacific's solid economic fundamentals are underpinning robust export performance and steady growth, despite a global trade environment clouded by historic levels of uncertainty over the past year," said ADB Chief Economist Albert Park.He noted that although new trade agreements have helped ease some uncertainty, "external and other challenges could still weigh on the outlook." The chief economist called on governments across the region to continue fostering open trade and investment to sustain growth momentum.ADB cautioned that risks to the region include renewed trade tensions, financial market volatility, geopolitical strains, and the possibility of a deeper-than-expected downturn in China's property sector.HSBC recently upgraded Viet Nam’s 2025 and 2026 growth forecast to 7.9 percent and 6.7 percent, respectively, the highest in ASEAN. UOB raised Viet Nam's growth forecast to 7.7 percent in 2025, while Standard Chartered predicted that the Vietnamese GDP growth would accelerate to 7.5 percent in 2025 and 7.2 percent in 2026./.

The Asian Development Bank (ADB) has revised its 2025 economic growth forecast for Viet Nam to 7.4 percent, up from 6.7 percent.

ADB lifts Viet Nam’s growth forecast to 7.4 percent in 2025

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/12/11/202512110815440516z731431465078512757b151ed9a081d545a38ab3a7575e-17654190711921012789799-1765440831700538773764.jpg" alt="Viet Nam passes law banning e-cigarette, heated tobacco businesses- Ảnh 1."></figure>The National Assembly passes the amended Investment Law, Ha Noi, December 11, 2025Besides, the law prohibits investment and business activities in such areas as trading narcotic substances; trading certain chemicals and minerals; trading specimens of wild flora and fauna taken from nature; prostitution; human trafficking and the trading of human tissues, bodies, body parts, or fetuses; business activities related to human cloning; trading explosive fireworks; debt collection services; trading and purchasing national treasures; and export of relics and antiques.Investment projects that manufacture e-devices for e-cigarettes and heated tobacco in Viet Nam solely for export must be registered or approved by competent state authorities before January 1, 2025.The law shall take effect on March 1, 2026, except for several provisions that become effective on January 1, 2026, and July 1, 2026./.

Viet Nam will official ban on investment and business activities related to e-cigarettes and heated tobacco from 2026, according to the amended Investment Law approved by the National Assembly on December 11.

Viet Nam passes law banning e-cigarette, heated tobacco businesses

According to the Law on Promulgation of Legal Normative Documents, the Government instructed the drafting agency to thoroughly review and incorporate legitimate recommendations from National Assembly deputies, the appraisal agency and conclusions of the National Assembly Standing Committee. These inputs were fully reflected in the revised draft of the Law on E-commerce submitted for approval.On behalf of the Government, Minister of Industry and Trade Nguyen Hong Dien delivered the report on revisions and explanations before the National Assembly.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/12/10/screenshot-2025-12-10-123101-12311623.png" alt="Minister of Industry and Trade Nguyen Hong Dien delivers the report on revisions and explanations before the National Assembly."></figure>Minister of Industry and Trade Nguyen Hong Dien delivers the report on revisions and explanations before the National Assembly.Clarifying obligations for social media e-commerce and livestreamed salesResponding to comments from deputies, the drafting agency defined clear responsibilities for all actors involved in livestreamed sales, including sellers, hosts and platform operators, to enhance transparency, strengthen legal accountability and support inspections, supervision and enforcement.For social media platforms engaging in e-commerce activities, the law establishes them as a distinct category with obligations tailored to their operational nature. While not applying intermediary platform regulations mechanically, the law ensures no regulatory gaps exist, especially regarding content management, coordination in handling violations and consumer protection.Strengthening seller identification and market transparencyProvisions on seller identification draw on the national electronic identification and authentication system (VNeID). This aims to improve market transparency, curb counterfeit and IP-infringing goods through better traceability, and assist tax authorities in preventing revenue losses.The Government reaffirmed the principle of maximising the use of existing digital infrastructure and state data to avoid unnecessary administrative procedures for citizens and enterprises while ensuring that authorities retain effective enforcement tools.Responsibilities of foreign platforms operating in VietnamIn line with deputies' feedback, revisions were made based on the operational model and functions of e-commerce platforms. Requirements on appointing authorised representatives or establishing legal entities in Vietnam will be determined according to each platform’s structure and activities, ensuring consistency with international commitments while enhancing state management and safeguarding lawful consumer interests.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/12/10/10-qh-thong-qua-luat-tmdt-1-12293115.jpg" alt="The National Assembly convenes a plenary session on December 10."></figure>The National Assembly convenes a plenary session on December 10.&nbsp;&nbsp;Ensuring timely issuance of implementing regulationsImmediately after the law’s adoption, the Government will issue an implementation roadmap, ensuring that all guiding documents are clear, feasible and consistent with related legislation, without creating new administrative burdens. The plan will also emphasise risk-based supervision, data-driven post-inspection, and clearly defined responsibilities for all actors in e-commerce. Importantly, these guiding documents will take effect concurrently with the law.Addressing detailed recommendations from deputiesDeputies also commented on specific aspects of the draft, including: (1) transaction thresholds for foreign platforms; (2) deposit requirements for certain foreign platforms to guarantee compensation for consumers and fulfil financial obligations to the State; (3) reporting mechanisms; (4) administrative procedures and (5) violation handling and policies promoting e-commerce development.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/12/10/screenshot-2025-12-10-123342-12335510.png" alt="An overview of the National Assembly’s plenary session on December 10."></figure>An overview of the National Assembly’s plenary session on December 10.Minister Dien affirmed that these suggestions had been fully absorbed and will be further detailed in the implementing decrees, in line with Resolution 66, Resolution 68 of the Party Central Committee and Resolution 198/2025 of the National Assembly. The guiding documents will continue to streamline administrative procedures, simplify regulations, reduce compliance costs and avoid new bottlenecks for production and business activities.“With a spirit of responsibility and receptiveness to feedback from National Assembly deputies, the Standing Committee and the appraisal agency, the Government believes that the revised draft Law on E-commerce reflects greater coherence and alignment with Party and State policies. It meets the requirements of state management in the digital economy while protecting the legitimate rights and interests of consumers and ensuring a transparent, fair business environment,” Minister Dien said.Scope and entry into forceThe Law on E-commerce comprises 7 chapters and 41 articles. It provides regulations on e-commerce development policies; e-commerce platforms and responsibilities of organisations and individuals participating in e-commerce; cross-border e-commerce; responsibilities of entities providing supporting services; and the application of technology in enforcement and violation handling.The law applies to both domestic and foreign organisations and individuals engaged in e-commerce activities in Vietnam and will take effect on July 1, 2026.Le Van

On the morning of December 10, the National Assembly adopted the Law on E-commerce with 444 out of 446 deputies present voting in favour.

Vietnam adopts e-commerce law to strengthen platform oversight

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/12/3/4687415339341624485738nmc-17647307637462038229320.jpg" alt="Viet Nam, Laos to set strategic directions for next phase of cooperation- Ảnh 1."></figure>Deputy Minister of Foreign Affairs Nguyen Manh CuongDeputy Minister of Foreign Affairs Nguyen Manh Cuong announced that the meeting holds special significance as it follows closely after the high-level talks between the Communist Party of Viet Nam (CPV) and the Lao People's Revolutionary Party (LPRP). It also comes at a time when both countries are reviewing the implementation of cooperation agreements for the 2021–2025 period and discussing orientations for a new, more strategic phase of collaboration.Nguyen said that committee remains a key mechanism for implementing the recent upgraded framework of "great friendship, special solidarity, comprehensive cooperation and strategic cohesion" agreed upon by the two Parties and States.The Deputy Minister said the two sides will conduct a comprehensive assessment of cooperation outcomes across all fields over the past five years. Despite global and regional headwinds—including major-power competition, natural disasters, epidemics and the lingering impacts of COVID-19—Viet Nam and Laos have maintained stable ties and strengthened effective cooperation.Under the close direction of the two Parties and governments, ministries, sectors and localities have coordinated flexibly and proactively. Many major projects, especially during 2024–2025, have overcome longstanding bottlenecks and accelerated progress, generating new momentum for cooperation in politics, the economy, defense, security and socio-cultural affairs.Both sides have also organized a conference to disseminate and implement high-level agreements, contributing to strengthening their great friendship, special solidarity and comprehensive cooperation.Viet Nam currently has 267 investment projects in Laos with a total registered capital of US$6.21 billion, of which about US$3 billion has been disbursed. Large projects in telecommunications, banking, agriculture, energy and food processing are operating effectively, generating employment and contributing to socio-economic development in both countries.Between 2021 and 2025, the Lao Government granted investment licenses to Vietnamese projects worth US$4.3 billion. Vietnamese enterprises contribute an average of US$200 million annually to the Lao state budget through taxes and other financial obligations.Bilateral trade has surpassed targets set by the two countries' leaders, with both sides working toward raising trade turnover to US$5 billion in the coming years. They have also expanded the use of bilateral digital payment systems, enhancing economic connectivity and facilitating trade and investment flows.Coordination between Party committees, ministries, National Assemblies, mass organizations and localities has deepened and become more result-oriented, aligned with high-level agreements and government-to-government cooperation plans.Looking ahead, Deputy Minister Nguyen was convinced that with strong leadership and active participation from ministries, localities and businesses on both sides, Viet Nam and Laos will continue to achieve substantive progress. He affirmed that the special relationship between the two countries will grow even more vibrant and strategic in the next phase of cooperation.Earlier, Prime Minister Pham Minh Chinh arrived in Vientiane on December 2 morning, beginning his working trip to Laos to attend a high-level meeting between the Communist Party of Viet Nam (CPV) and the Lao People's Revolutionary Party (LPRP), and to co-chair the 48th meeting of the Viet Nam–Laos Intergovernmental Committee.At the 48th meeting, the two Government delegations will review the implementation of cooperation agreements under the 2021–2025 Viet Nam–Laos Cooperation Plan. They will also discuss cooperation orientations and tasks for the 2026–2030 period and 2026 specifically, in order to concretize conclusions reached at the recent meeting of the two Politburos./.

The 48th meeting of the Viet Nam–Laos Inter-Governmental Committee, co-chaired by Vietnamese Prime Minister Pham Minh Chinh and Lao Prime Minister Sonexay Siphandone, reaffirms the highest level of political commitment to nurturing the unique Viet Nam–Laos relationship. It also underscores the committee’s central role as a platform for resolving bilateral issues, coordinating policies, and driving joint development.

Viet Nam, Laos to set strategic directions for next phase of cooperation

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/12/2/tl-laos1-17646906457061572265746.jpg" alt="Top Vietnamese, Lao Party leaders co-chair high-level meeting in Vientiane- Ảnh 1."></figure>General Secretary of the Communist Party of Viet Nam Central Committee To Lam (left) and General Secretary of the Lao People's Revolutionary Party Central Committee and President of Laos Thongloun Sisoulith co-chair a high-level meeting between the two Parties in Vientiane, Laos, December 2, 2025.The meeting is the highest-level cooperation mechanism that holds special significance to guiding and developing the great friendship, special solidarity, comprehensive cooperation, and strategic cohesion between Viet Nam and Laos in a substantive manner, thereby generating practical benefits for the two peoples and contributing to regional and global peace, security, and prosperity.The two leaders briefed each other on the situations of their respective Parties and countries; reviewed outstanding achievements in bilateral cooperation; discussed mechanisms to create breakthroughs in the Viet Nam – Laos relationship in the new context; and exchanged views on some international and regional issues of common concern.General Secretary To Lam congratulated the Lao Party and State on the successful organisation of the 50th National Day celebration, stressing that Vietnam always attaches importance to developing the relations with Laos and considers this as the top priority in Viet Nam’s foreign policy.For his part, the top Lao leader highlighted that the presence of high-ranking leaders from the Vietnamese Party and State gave this year’s Lao National Day celebration greater significance.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/12/2/-hanh-trung-uong-dang-cong-san-viet-nam-to-lam-va-tong-bi-thu-ban-chap-hanh-trung-uong-dang-nhan-dan-cach-mang-lao-chu-t-8446666-1764690392052-17646903934521558288055.jpg" alt="Top Vietnamese, Lao Party leaders co-chair high-level meeting in Vientiane- Ảnh 2."></figure>General Secretary of the Communist Party of Viet Nam Central Committee To Lam (second, left) and General Secretary of the Lao People's Revolutionary Party Central Committee and President of Laos Thongloun Sisoulith witness the signing of an agreement between the two Parties' Politburos. (Photo: VNA)The two leaders highly valued the significant, comprehensive, and historic achievements obtained by the two Parties, States, and peoples, particularly in implementing the countries' respective Party Congress resolutions and preparing for their upcoming National Party Congresses. They expressed gratitude to each other's Parties, countries, and peoples for the wholehearted and sincere mutual assistance throughout history, and reaffirmed the importance of the special Viet Nam – Laos relationship amid the fast and complex regional and international developments.They expressed their satisfaction with the intensive, extensive, effective, and substantive progress in Viet Nam – Laos cooperation.Looking back on major cooperation results over the pat year, General Secretary and President Thongloun Sisoulith emphasised that the two sides have successfully implemented the high-level agreements between the two Parties and States; while ministries, sectors, all-level authorities, and businesses of the countries have proactively carried out the memoranda of understanding on cooperation between the two Parties, States, and Governments in an active, effective, and practical manner. He affirmed that the strong political ties continue to serve as a solid foundation and create motivation for stronger cooperation across all fields.The two sides praised the increasingly tightened and effective defence – security cooperation, recognising it as an important pillar of the bilateral relations.The countries have coordinated in successfully implementing many projects to help Laos strengthen its defence and security capacity, and carried out cooperation plans and programmes in a high-quality and fruitful manner. They have also properly conducted the search, collection, and repatriation of the remains of Vietnamese volunteer soldiers and experts who laid down their lives in Laos during wartime. Additionally, the two sides have enhanced coordination with Cambodia to organise the trilateral meeting among the Party leaders, reaching consensus on long-term development directions and giving the top priority to the close and strategically significant relationship among the three countries.The two leaders also noted that economic, trade, and investment cooperation has been actively promoted and shown improvements while key joint projects progressed on schedule, thus contributing to better life quality for the two peoples. Cultural, educational, and scientific-technical exchanges have continued to advance with tangible results. Cooperation between the two Parties' commissions, ministries, and Government agencies of Viet Nam and Laos, together with people-to-people and locality-to-locality exchanges, has been fostered.They stressed that the comprehensive cooperation between the two nations has greatly contributed to socio-economic development, national defence – security, as well as political stability and social order and safety in each country.Amid a volatile regional and global context, the two leaders affirmed their commitment to further strengthening and deepening the “great friendship, special solidarity, comprehensive cooperation, and strategic cohesion” between Viet Nam and Laos through the existing practical and effective cooperation mechanisms. They will also establish new mechanisms agreed upon by high-ranking leaders, thereby actively helping with the realisation of the development goals of each county.The two sides affirmed their commitment to further deepening the relationship between the two Parties and countries, viewing it as the core pillar strategically guiding the Viet Nam – Laos comprehensive cooperation.They reiterated the consistent policy of standing shoulder to shoulder, and supporting each other in the national renewal, construction, and defence process. They stressed that the Viet Nam – Laos relationship is always the top priority in each country’s foreign policy, representing an exemplary and long-term strategic relationship and a decisive factor in the success of each nation’s revolutionary cause.They pledged to closely coordinate in strategic issues related to security and development, while jointly preparing for the successful organisation of their respective national Party congresses.The two underlined and affirmed the strategic importance of further enhancing the pillar of defence, security, and diplomatic cooperation to firmly maintain political – security stability and social order, calling this as one of the important pillars of the special bilateral ties.They promised to continue optimising the existing cooperation mechanisms while reforming and improving coordination in all aspects. Given this, they will consider establishing new and suitable cooperation mechanisms to further strengthen the special Viet Nam – Laos solidarity, bring tangible benefits to their peoples, and contribute to peace, cooperation, and development in the region and the world.The two leaders also agreed that their countries will continue timely information exchange, consult on stances, coordinate closely, and support each other at international and regional forums.At the meeting, Vietnamese Prime Minister Pham Minh Chinh and his Lao counterpart Sonexay Siphandone highly valued the achievements in economic, trade, investment, cultural – educational, and scientific – technical cooperation between the two countries.The two sides agreed to step up trade and investment links, viewing this as a crucial pillar of the Viet Nam – Laos strategic cohesion. They pledged to effectively implement the joint statements, high-level agreements, and cooperation programmes between their ministries, agencies, and localities; enhance economic connectivity and complementarities; and actively resolve difficulties and obstacles in the implementation process.The two sides also discussed specific directions and measures to enhance economic and trade partnerships in the coming period, emphasising the need for a strong and breakthrough shift to make economic, trade, and investment collaboration a pillar of the strategic cohesion, commensurate with the political relationship and the potential of each country.They agreed to fuel bilateral trade with the near-term turnover target of 5 billion USD and a longer-term target of 10 billion USD. Priority will be given to resolving outstanding problems and strengthening connectivity, with a focus on mobilising resources for key infrastructure connectivity projects such as the Hanoi – Vientiane Expressway, the Viet Nam – Laos industrial zone model, and the cross-border economic zone model along the East – West economic corridor.In addition, Viet Nam and Laos will expand cooperation between their Party and State agencies, Front cooperation, mass organisations, and people’s organisations. They will strengthen coordination and mutual support in socio-economic development, as well as in ensuring security and stability in border areas, thus contributing to the special relationship between the two countries./. VNA

General Secretary of the Communist Party of Viet Nam Central Committee To Lam and General Secretary of the Lao People's Revolutionary Party Central Committee and President of Laos Thongloun Sisoulith co-chaired a high-level meeting between the two Parties in Vientiane on December 2.

Top Vietnamese, Lao Party leaders co-chair high-level meeting in Vientiane

On December 1, Party General Secretary To Lam and his spouse Ngo Phuong Ly, accompanied by a high-level Vietnamese delegation, departed Hanoi for a state visit to the Lao People’s Democratic Republic. The visit includes attending the 50th National Day celebration of Laos and co-chairing a high-level meeting between the Communist Party of Vietnam and the Lao People’s Revolutionary Party, at the invitation of Lao Party Central Committee General Secretary and President of the Lao People’s Democratic Republic Thongloun Sisoulith and his spouse, from December 1 to 2.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/12/01/w-15031419.png" alt="General Secretary To Lam and his spouse depart Hanoi for a State visit to Laos. Photo: VNA"></figure>General Secretary To Lam and his spouse depart Hanoi for a State visit to Laos. Photo: VNAThe official delegation included: Pham Minh Chinh, Member of the Politburo, Prime Minister; Tran Cam Tu, Member of the Politburo, Standing Member of the Secretariat; Le Minh Hung, Member of the Politburo, Secretary of the Party Central Committee, Head of the Party Central Organization Commission; Bui Thi Minh Hoai, Member of the Politburo, Secretary of the Party Central Committee, President of the Central Committee of the Vietnam Fatherland Front; Nguyen Xuan Thang, Member of the Politburo, President of the Ho Chi Minh National Academy of Politics, Chairman of the Central Theoretical Council; General Phan Van Giang, Member of the Politburo, Minister of National Defense; General Luong Tam Quang, Member of the Politburo, Minister of Public Security; Nguyen Duy Ngoc, Member of the Politburo, Secretary of the Hanoi Party Committee. Also joining the official delegation were: Nguyen Hong Dien, Member of the Party Central Committee, Minister of Industry and Trade; Nguyen Van Thang, Member of the Party Central Committee, Minister of Finance; Nguyen Van Hung, Member of the Party Central Committee, Minister of Culture, Sports and Tourism; Nguyen Kim Son, Member of the Party Central Committee, Minister of Education and Training; Tran Hong Minh, Member of the Party Central Committee, Minister of Construction; among other officials.During his visit to Laos, Party General Secretary To Lam held talks with Party General Secretary and President Thongloun Sisoulith, met with Prime Minister Sonexay Siphandone and National Assembly Chairman Saysomphone Phomvihane, visited former senior Lao leaders, attended the 50th National Day celebration, laid a wreath at the Monument to the Unknown Soldiers, delivered a speech at the National Academy of Politics and Public Administration, and co-chaired the high-level meeting between the Communist Party of Vietnam and the Lao People’s Revolutionary Party.At the National Day ceremony, General Secretary and President Thongloun Sisoulith awarded Party General Secretary To Lam the National Gold Medal, the highest honor of Laos, in recognition of his outstanding contributions to strengthening the great friendship, special solidarity, and comprehensive cooperation between the two Parties, two States, and peoples of Vietnam and Laos.Speaking at the ceremony, Party General Secretary To Lam expressed his deep honor and emotion at receiving the National Gold Medal, highlighting it as a living testament to the enduring Vietnam - Laos friendship. He paid tribute to President Ho Chi Minh, President Kaysone Phomvihane, and President Souphanouvong, who laid the firm foundation for the special ties between the two nations.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/12/01/vna-15540035.jpg" alt="General Secretary and President of Laos Thongloun Sisoulith awards the National Gold Medal of the Lao People’s Democratic Republic to General Secretary To Lam. Photo: VNA"></figure>&nbsp;General Secretary and President of Laos Thongloun Sisoulith awards the National Gold Medal of the Lao People’s Democratic Republic to General Secretary To Lam. Photo: VNAHe affirmed that the solidarity between the two peoples has been a powerful force leading to victories and the peace and independence enjoyed today. He pledged to continue working with the Vietnamese leadership to nurture and develop the Vietnam - Laos relationship, honoring the sacrifices of previous generations.During the visit, both sides signed key cooperation documents, creating a legal framework and opening new directions aligned with each country’s development needs, further deepening the Vietnam - Laos special relationship. The visit reaffirmed that the great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos remain a priceless asset and a solid foundation for the bilateral relationship.This visit is among Vietnam’s particularly important diplomatic engagements in 2025 and represents Party General Secretary To Lam’s first State visit to Laos in his current role.The visit further underscores the determination of the leadership of both parties and countries to prioritize the inheritance and promotion of the great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos, ensuring the development of bilateral relations aligns with the strategic requirements, vision, and interests of both nations in the new era.<blockquote>During the visit, both sides also signed key cooperation agreements, establishing a legal framework and opening new avenues of partnership aligned with each country’s development priorities. The visit underscored that the great friendship, special solidarity, and comprehensive cooperation between Vietnam and Laos remain an invaluable asset and a cornerstone of the bilateral relationship.</blockquote>Phuong Trang

The visit is one of Vietnam’s most significant diplomatic activities this year and marks General Secretary To Lam’s first State visit to Laos in his new capacity.

Party General Secretary To Lam and his spouse depart for a State visit to Laos

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/28/casino-phu-quoc-1a-read-only-17106904807271457928543-17641442507641332349972-17643022393621107544552.jpg" alt="Gov’t permits qualified Vietnamese nationals to gamble at three casinos- Ảnh 1."></figure>Qualified Vietnamese nationals are allowed to gamble at Phu Quoc, Ho Tram and Van Don casinos - Illustration photoUnder the resolution, Vietnamese nationals who meet the necessary criteria are permitted to gamble at the Phu Quoc casino project (Kien Giang Province) starting November 26.The resolution also launches a five-year pilot program permitting qualified Vietnamese to gamble at the Ho Tram casino project (Ho Chi Minh City), beginning the same day.&nbsp;Similarly, Vietnamese citizens may access the Van Don casino project (Quang Ninh Province) for a five-year period from the date the facility obtains an official business licence for casino operations.According to the document, the management of eligible Vietnamese gamblers as well as the operation and oversight of casino activities at approved projects must comply with Decree No. 03/2017 or any of its amendments and replacements.At the end of the trial period, the Ho Tram and Van Don casino projects must suspend gambling activities for Vietnamese citizens until a new decision is issued by a competent authority.Casino project investors are required to strictly manage Vietnamese participants and fully comply with all legal regulations governing casino business operations.Earlier, in 2016, the Politburo approved a pilot scheme allowing Vietnamese citizens to gamble at the Phu Quoc and Van Don casinos for a three-year period. However, only the Phu Quoc casino became operational, opening its doors in January 2019. Under Decree No. 03/2017, this pilot phase was to conclude in January 2022.In 2022, the Ministry of Finance proposed extending the Phu Quoc pilot until the end of 2024, citing the COVID-19 pandemic's adverse impact on casino business performance and arguing that the initial trial period was insufficient to evaluate the policy's effectiveness.In May 2024, the Politburo agreed to extend the Phu Quoc pilot through the end of 2024. For the Van Don project, the trial period will last three years from the date its casino business officially begins.&nbsp;Viet Nam is home to nine casinos of which the rest of six others are still only open to foreigners, with the government maintaining a tight control over gambling.Under Decree 03/2017, Vietnamese gamblers must be at least 21 years old, possess full civil capacity and financial capability, and purchase entry tickets. Players must prove a monthly income of at least VND10 million (US$379) or fall under the third personal income tax bracket or higher under the Law on Personal Income Tax.

The Government issued Resolution No. 8/2025/NQ-CP dated November 26, 2025, allowing eligible Vietnamese citizens to gamble at Phu Quoc, Ho Tram and Van Don casinos.

Gov’t permits qualified Vietnamese nationals to gamble at three casinos

Green Transition in the Digital EraOn the morning of November 26, the Plenary Session of the 2025 Autumn Economic Forum officially opened in Ho Chi Minh City. The forum was attended by Prime Minister Pham Minh Chinh, Deputy Prime Minister Bui Thanh Son, and leaders of various ministries, sectors, and localities. Also present were representatives from approximately 30 diplomatic missions in Vietnam, foreign government representatives, experts, scientists, and over 500 domestic enterprises operating in science, high technology, and innovation.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/26/ikhn-18250192.png" alt="Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang delivers the opening speech at the forum."></figure>Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang delivers the opening speech at the forum.&nbsp;Regarding international delegates, the event attracted 70 delegations from innovation centers and major corporations. 6 delegations from foreign ministries and sectors (including Australia, China, Kuwait, and Malaysia), 8 delegations from foreign localities, 7 delegations from major international organizations such as the United Nations (UN), the International Monetary Fund (IMF), and the Asian Development Bank (ADB), along with representatives from 10 global Centers for the Fourth Industrial Revolution (C4IR).The Plenary Session aims to define an action strategy for the “dual transition,” a human-centric approach amidst rapid scientific and technological advancement, while analyzing new industrial trends and the roles of AI, automation, and green technology in boosting productivity and restructuring value chains.In his opening remarks, Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang, emphasized that the world is evolving at an unprecedented pace. Growth models are shifting, and supply chains along with global economic structures are being reshaped toward a green, digital, and sustainable future.Climate and environmental challenges have become more urgent than ever. Simultaneously, artificial intelligence, big data, biotechnology, and advanced materials are carving out an entirely new development landscape. Science, technology, and innovation continue to drive breakthrough advancements, exerting a profound and fundamental impact on all aspects of socio-economic life.In this context, green transition and digital transformation are no longer merely trends but have become the imperatives of our time. They are the keys to ensuring competitiveness, energy security, environmental protection, and the quality of life for citizens.Adhering to the guiding principle of “placing people at the center as the goal and driving force of development,” Vietnam in general, and Ho Chi Minh City in particular, identify this as an objective requirement and a top strategic priority for rapid and sustainable growth. Consequently, the Forum's theme of “Green Transition in the Digital Era” carries both strategic weight and immediate urgency.Dare to envision, commit with determination, and execute resolutelyThe Secretary of the Ho Chi Minh City Party Committee stated that following the merger, Ho Chi Minh City has become the convergence point of the country’s three most dynamic growth poles, carrying a broad vision and the aspiration to emerge as a modern, dynamic, and globally competitive metropolis.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/26/sjhid-18261082.png" alt="Overview of the forum."></figure>Overview of the forum.The city aims to pioneer the green transition, smart urban development, and high-tech investment attraction, while establishing an International Financial Center. These efforts seek to lay the foundation for Ho Chi Minh City to become the region’s leading hub for economics, finance, technology, and services.To achieve these objectives, the city has identified three strategic breakthroughs: institutional refinement, synchronized infrastructure development, and the enhancement of human resource quality.Party Secretary Tran Luu Quang emphasized that Ho Chi Minh City embodies the spirit of “dare to envision, commit with determination, and execute resolutely” in this spirit, the city has persisted in elevating the Ho Chi Minh City Economic Forum into the Autumn Economic Forum, an annual dialogue mechanism gathering dedicated and visionary experts, leaders, and businesses who are eager and determined to act. These stakeholders convene to contribute initiatives and propose solutions for the development of both the City and the nation.According to Secretary Tran Luu Quang, the Autumn Economic Forum will serve as a vital bridge connecting policymakers, the business community, investors, and researchers. It is envisioned to become a “signature brand” of Ho Chi Minh City, a hub of the knowledge economy and a meeting place for pioneering initiatives aimed at a greener, smarter, and more sustainable future.The Plenary Session of the 2025 Autumn Economic Forum also addresses the need to clarify the global outlook of the smart economy model, identifying benefits to be seized and risks for which Vietnam must prepare. Consequently, it aims to propose methods for building a smart, transparent, and sustainable megacity model for the country.To delve into core issues regarding the dual transition of Vietnam and the region toward a smart economy, the forum continues with three parallel thematic sessions. Session 1, co-organized with the World Economic Forum (WEF), focuses on “Smart manufacturing and global supply chains,” while session 2 explores “Smart logistics and seaports aligned with dual transition goals,” and session 3 centers on “Smart governance in the digital era.”<blockquote>The Party Secretary noted that in this new phase of competition, any nation or city that “misses a beat” risks being left behind. He called on the Government, businesses, and academia to view the 2025 Autumn Economic Forum as a commitment to action with clear goals, specific timelines, and transparent results. He also expressed hope that the forum would unlock strong cooperation opportunities, creating further momentum for the City and Vietnam to achieve breakthroughs in digital transformation, green transition, and sustainable development.</blockquote>Khanh Ly

The Ho Chi Minh City Party Secretary underscored the 2025 Autumn Economic Forum as a crucial link between policymakers, the business community, and investors.

Autumn Economic Forum: Bridging the green transition in the digital age

Minister of Industry and Trade Nguyen Hong Dien presents a Government report on the draft Resolution of the National Assembly regarding mechanisms and policies to address obstacles to national energy development for the 2026-2030 period.Removing practical bottlenecksOn the evening of November 24, during the 51st session, the National Assembly Standing Committee discusses the draft Resolution, which aims to remove institutional and policy bottlenecks and ensure national energy security, contributing to the successful implementation of the socio-economic development strategy for 2026-2030 and the sustainable development goals.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/25/screenshot-2025-11-25-142758-14372695.png" alt="Minister of Industry and Trade Nguyen Hong Dien delivers remarks."></figure>Minister of Industry and Trade Nguyen Hong Dien delivers remarks.According to the Government’s report, Resolution No. 70-NQ/TW sets the requirement that all institutional bottlenecks hindering the energy sector's development must be resolved within 2025, making the issuance of the Resolution both necessary and urgent.Presenting the proposal, Minister Dien states that, in line with the Law on Promulgation of Legal Documents and Resolution No. 70-NQ/TW, the Government submitted Report No. 1043/TTr-CP on November 11, 2025, asking the National Assembly Standing Committee to consider a draft Resolution on mechanisms and policies to address obstacles to national energy development for 2026-2030 under a simplified procedure.Regarding adjustments to the national power development master plan and provincial power supply plans (Chapter II), Minister Dien notes that the Law on Planning lacks flexible mechanisms for adjustments, leading to project delays. Many provinces propose adding substations, transmission lines and connection plans to meet rising power demand, but the absence of flexible adjustment provisions has created bottlenecks. The draft Resolution therefore specifies principles, grounds, procedures and authority for flexible planning adjustments.On investment in power projects (Chapter III), the Minister emphasises that projects already included in the power development master plan are exempt from investment policy approval procedures, except for those under the National Assembly’s authority, medium- and low-voltage grid projects, urgent power projects and offshore wind projects. The draft Resolution also provides for replacing investment policy approval decisions for certain energy business projects not subject to land auction or investor bidding.For transmission grid projects in the master plan, provincial People’s Committees assign enterprises wholly owned by the State or their wholly owned subsidiaries as project investors. The draft also allows exemptions from operational years and financial reporting requirements when borrowing ODA funds, and prioritises capital allocation to increase the charter capital of the National Load Dispatch and Electricity Market Operations Company (NSMO), a newly established State enterprise operating in a monopoly sector.More effective implementation of direct power purchase mechanismsOn offshore wind power (Chapter IV), the draft provides regulations on survey costs, investment proposal procedures and provincial authority for investment policy approval based on project power collection points. It also assigns the MoIT to publish survey and project areas and establishes mechanisms to designate large, reputable State-owned or Vietnamese enterprises to implement large-scale offshore wind projects linked with national defence, security and sovereignty protection. Additional rules define project location determination and enhance incentives for offshore wind development.On direct power purchase (Chapter V), the draft expands eligibility for electricity retailers in industrial parks, economic zones, export processing zones, high-tech parks, concentrated IT zones and hi-tech agriculture zones to participate directly in the mechanism. It clarifies that electricity prices under direct power purchase will be negotiated and agreed upon by the parties.Regarding investment in oil, gas and coal projects (Chapter VI), projects classified as nationally important or urgent are exempt from investment policy approval, except for those under the National Assembly’s authority and projects using public investment. The draft also allows replacement of investment policy approval decisions for certain key projects. Provincial People’s Committees may assign State-owned enterprises or their wholly owned subsidiaries as investors for important or priority oil, gas and coal projects listed in the national energy master plan.On petroleum national reserves (Chapter VII), the draft focuses on mechanisms and policies to address obstacles in the Law on National Reserves related to petroleum storage, improving the effectiveness of national petroleum reserve management.Chapter VIII outlines implementation provisions, including mechanisms for handling delayed energy business projects and post-inspection responsibilities.Reporting on verification, Chairman of the Committee for Economic and Financial Affairs Phan Van Mai affirms the necessity of submitting the Resolution to the National Assembly at its 10th session. The draft dossier has been reviewed against relevant legal documents, including about 12 laws and one ordinance.<blockquote>National Assembly Vice Chairman Vu Hong Thanh emphasised that the National Assembly Standing Committee highly appreciates the responsibility, proactiveness and close coordination among drafting and verifying agencies. The dossier is essentially complete and meets the requirements for submission to the National Assembly for feedback at the 10th session.</blockquote>Quynh Nga - Le Van

The National Assembly Standing Committee reviews the Government’s draft Resolution to remove bottlenecks and safeguard national energy security for 2026-2030.

MoIT leader Nguyen Hong Dien presents proposal on easing energy-sector barriers

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/21/a130f0ba3e45b21beb54-1763725499202980544463-17637279522162049127978.jpg" alt="Joint Statement on upgrading Viet Nam-South Africa ties to Strategic Partnership - Ảnh 1."></figure>Prime Minister Pham Minh Chinh (left) and South African President Cyril Ramaphosa in Johannesburg, South Africa, November 21, 2025. Photo: VGP1. Since the establishment of diplomatic ties in 1993, the Socialist Republic of Viet Nam and the Republic of South Africa have forged an excellent traditional friendship and multifaceted cooperation in numerous areas on the basis of trust, equality, mutual respect, and convergence of interest.2. Amid profound shifts worldwide, and taking into account the increasing interdependence among economies around the globe and the common aspirations of the two peoples, based on the results of the State visit of the President of South Africa to Viet Nam from 23 to 24 October 2025, on the occasion of the visit by H.E. Prime Minister Pham Minh Chinh to South Africa to attend the G20 Summit and conduct a number of bilateral activities from 21 to 23 November 2025,Viet Nam and South Africa have decided to elevate their bilateral relations to Strategic Partnership.3. The establishment of the Viet Nam - South Africa Strategic Partnership serves to elevate the two countries' relations to a new height, both bilaterally and multilaterally. This framework will also contribute to promoting peace, stability, and prosperity in the region and the world, in compliance with the UN Charter, international law, and the principles of respect for independence, sovereignty, and territorial integrity, and non-intervention in each other's domestic affairs.4. Under this Strategic Partnership, Viet Nam and South Africa will continue to deepen their bilateral cooperation, with focus given to the following areas:POLITICAL AND DIPLOMATIC COOPERATION5. The two Sides agree to further step up delegation exchanges and contacts at all levels, particularly at the high level and Ministerial level, on a regular basis across Party, State channels, as well as between Vietnamese and South African localities. This will help bolster political ties and mutual understanding between the two countries.6. The two Sides underscore the importance of maintaining peace, stability, and prosperity in both Asia and Africa and around the world, on the basis of full compliance with the UN Charter and international law. Both Sides reiterate their support for multilateralism, and will continue to work closely with each other at international and regional organizations to accelerate the reforms toward a fair and effective global governance system, fulfilling the aspirations and reinforcing the role of developing countries, and calling for a greater voice and stature of the Global South in international relations.7. The two Sides support the centrality of the Association of Southeast Asian Nations (ASEAN) and the crucial role of the African Union (AU), and agree to seek the means to strengthen the collaboration among Asian and African nations and South - South cooperation. Viet Nam reaffirms its support for South Africa in enhancing coordination with ASEAN and its Member States, particularly in areas aligned with the interest, potential, and strength of each country. South Africa supports Viet Nam in bolstering cooperation with and making substantive contributions to the AU's 2063 Agenda.DEFENSE AND SECURITY COOPERATION8. The two Sides agree to enhance bilateral defense and security cooperation commensurate with the strategic level of bilateral relations by stepping up delegation exchanges. Both Sides will also engage in closer collaboration in training, defense industry, UN peacekeeping operations, and response to non-traditional security challenges.9. The two Sides remain committed to regularly implementing the Deputy-Ministerial-level Defense Policy Dialogue, increase academic exchanges among defense and security academies and research institutes, expedite the negotiations and signing of new agreements between relevant agencies, enhance information exchange in areas pertaining to security and public security, and advance cooperation in such fields as cybersecurity, high-tech crimes, drug trafficking, and transnational organized crimes.ECONOMIC, TRADE, INVESTMENT, AND TOURISM COOPERATION10. The two Sides pledge to bolster economic cooperation, which has been a key pillar in the Viet Nam - South Africa Strategic Partnership. Both countries will work towards breakthroughs in two-way trade and investment growth, ease market access, and support enterprises to expand investment and using each other's market as gateways to their respective region through the network of FTAs of ASEAN, the African Continental Free Trade Area (AfCFTA), and other regional FTAs.11. The two Sides are committed to promoting an enabling, transparent, fair, and non-discriminatory environment for trade, investment, and tourism cooperation, and encouraging further exchanges among businesses. Both Sides will also strive to establish direct flights to each other's cities.12. The two Sides stand ready to effectively implement existing cooperation arrangements, both bilaterally and multilaterally, and to explore the establishment of new cooperation frameworks in specific areas pertaining to trade, investment, and tourism. In this regard, both Sides reaffirm their commitment to convening regular meetings of the Joint Trade Committee (JTC) as a mechanism to advance and monitor bilateral economic cooperation. Furthermore, both Sides pledge to work closely together on economic matters of mutual interest within international organisations of which both are members.13. The two Sides agree to review existing and negotiate new cooperation agreements, thereby laying the necessary legal foundation for bilateral collaboration across the board.COOPERATION IN INDUSTRY, ENERGY, MINERALS, AGRICULTURE, ENVIRONMENT, INFRASTRUCTURE, AND TRANSPORTATION14. Both Sides are committed to strengthening cooperation in minerals, mining, manufacturing, supporting industries, and oil and gas services, as a new impetus to advance bilateral ties. The two nations will also strive to enhance energy cooperation to accelerate the transition to renewables in each country, with focus given to the efficient use of energy, cutting of emissions, and manufacturing of electric vehicles, serving the practical development needs of each country.15. The two Sides agree to enhance South-South Cooperation and to promote collaboration in agriculture, forestry, aquacultural cultivation, fishery, processing of agricultural produces, circular economy, resource and environmental management, climate action, preservation of biodiversity, and protection of wildlife.16. The two Sides also agree to work closely in infrastructure construction, and in maritime and aviation services.COOPERATION IN SCIENCE, TECHNOLOGY, INNOVATION, DIGITAL TRANSFORMATION, EDUCATION, AND TRAINING.17. The two Sides will step up cooperation programs in digital transformation, circular economy, artificial intelligence (AI), and green technology.18. The two Sides also express the aspiration to promote academic exchange programs and scholarships, and implement joint programs and projects in a number of areas, including managerial and leadership capacity building, education technology, vocational training, and upskilling.PEOPLE-TO-PEOPLE EXCHANGE AND COOPERATION AMONG LOCALITIES19. The two Sides agree to strengthen collaboration among businesses, to promote cooperation and people-to-people exchanges, as well as cooperation and exchanges between localities in the fields of economy, science and technology, culture, education, and sports, thereby, to bolster friendship and mutual understanding. Both Sides also pledge to expedite the signing and implementation of cooperation agreements between localities from both countries, and other agreements to facilitate the traveling of the two peoples, agreements between localities of the two countries aimed at delivering tangible socio-economic development outcomes.This Joint Statement is established in Johannesburg on 21 November 2025 in 02 (two) copies in Vietnamese and English of equal values. If there is any difference in the interpretation of this Joint Statement, the English copy will be given priority./.

Viet Nam and South Africa have issued a Joint Statement on the upgrade of bilateral ties to Strategic Partnership on the occasion of Prime Minister Pham Minh Chinh's visit to South Africa from November 21-13.

Joint Statement on upgrading Viet Nam-South Africa ties to Strategic Partnership

These agreements include:<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/19/img5436-1763553459563419246-17635566709441081319893.jpg" alt="Viet Nam, Algeria sign seven cooperation deals- Ảnh 1."></figure>Prime Minister Pham Minh Chinh and Algerian counterpart Sifi Ghrieb witness the signing of the Minutes of the 13th meeting of the Viet Nam-Algeria Inter-governmental Committee on economic, scientific and technological cooperation in Algiers, November 19, 2026. Photo: VGP- The Minutes of the 13th meeting of the Viet Nam-Algeria Inter-governmental Committee on economic, scientific and technological cooperation.- The Memorandum of Understanding between the Ministry of Construction of Viet Nam and the Ministry of Housing, Urban Planning and the City of Algeria on cooperation in the field of housing, urban planning and development.- The Appendix of the Protocol on overall settlement of debts between the Government of Viet Nam and the Government of Algeria.<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/11/19/img5439-176355345964367729058-17635566977491650014813.jpg" alt="Viet Nam, Algeria sign seven cooperation deals- Ảnh 2."></figure>Prime Minister Pham Minh Chinh and Algerian counterpart Sifi Ghrieb witness the signing of the Memorandum of Understanding on education cooperation between the Government of Viet Nam and the Government of Algeria in Algiers, November 19, 2026. Photo: VGP- The agreement on education cooperation between the Government of Viet Nam and the Government of Algeria.- The Memorandum of Understanding on cooperation between the Viet Nam Chamber of Commerce and Industry (VCCI) and the Algerian Chamber of Commerce and Industry (CACI).- The Memorandum of Understanding on cooperation between the Posts and Telecommunications Institute of Technology of Viet Nam and the University of Science and Technology Houari-Boumedienne of Algeria.- The Letter of Intent between the Ministry of Industry and Trade of Viet Nam and the Ministry of Foreign Trade and Export Promotion of Algeria./.

Viet Nam and Algeria signed seven cooperation agreements in the presence of Prime Minister Pham Minh Chinh and Algerian counterpart Sifi Ghrieb in Algiers on November 19.

Viet Nam, Algeria sign seven cooperation deals

On the evening of November 16, during his official visit to Kuwait, Prime Minister Pham Minh Chinh, his spouse Le Thi Bich Tran, and the high-ranking Vietnamese delegation met with staff of the Vietnamese Embassy and representatives of the Vietnamese community in Kuwait.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5250-17633108051882108850186-08033825-09553444.jpg" alt="Prime Minister Pham Minh Chinh, his spouse Le Thi Bich Tran, and the high-ranking Vietnamese delegation meet Embassy staff and the Vietnamese community in Kuwait."></figure>Prime Minister Pham Minh Chinh, his spouse Le Thi Bich Tran, and the high-ranking Vietnamese delegation meet Embassy staff and the Vietnamese community in Kuwait.At the meeting, Ambassador Nguyen Duc Thang briefed the Prime Minister on the Embassy’s operations, the state of bilateral relations, and the situation of the Vietnamese community. Although small in number, the Vietnamese community has been contributing positively to Kuwait’s socio-economic development including Vietnamese experts working long-term in Kuwait’s core oil and gas sector and with several major international energy corporations. The Embassy has maintained regular citizen protection and community engagement activities.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5238-17633108042642078979925-08033790-09553382.jpg" alt="Ambassador Nguyen Duc Thang delivers a report on the Embassy’s work and the Vietnamese community in Kuwait."></figure>Ambassador Nguyen Duc Thang delivers a report on the Embassy’s work and the Vietnamese community in Kuwait.Representatives of the Vietnamese community expressed their honor to welcome the Prime Minister and his spouse. Nguyen Kim Long, a senior expert at the Kuwait Petroleum Corporation (KPC), highlighted the vast potential for bilateral energy cooperation and noted the sharp rise in trade, with Vietnamese goods increasingly present in the Kuwaiti market.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5255-1763310806131599885613-08033809-09553419.jpg" alt="Prime Minister Pham Minh Chinh shares Vietnam’s recent achievements since the Đổi mới reforms."></figure>Prime Minister Pham Minh Chinh shares Vietnam’s recent achievements since the Đổi mới reforms.Community members proposed greater access to online public services, a direct air route between Vietnam and Kuwait, simplified visa procedures, and enhanced promotion of Vietnamese culture, tourism, and Halal-certified products catering to Muslim consumers.The Prime Minister conveyed warm greetings and sincere regards from Party General Secretary To Lam and the Party and State leaders to the Vietnamese community in Kuwait.He emphasized the significance of his visit as Vietnam-Kuwait relations continue to flourish. After 50 years of diplomatic relations, the two countries maintain strong political trust, mutual support, and shared views on key international issues.Kuwait has become Vietnam’s largest trade and investment partner in the GCC, with two-way trade in 2024 reaching USD 7.3 billion.Providing updates on domestic developments, Prime Minister Pham Minh Chinh highlighted Vietnam’s remarkable progress since the Doi moi (Renewal) reform, transforming the nation into the 32nd-largest economy in the world, with an average per capita income exceeding USD 5,000. The country’s Happiness Index rose 37 places between 2020 and 2025. Despite global uncertainties, Vietnam’s economy in 2025 achieved positive outcomes, meeting and exceeding all 15 key targets, with GDP growth of around 8%, substantial infrastructure investment, improved business environment, and expanding international integration.The Prime Minister reaffirmed that the six million Vietnamese living abroad are an inseparable part of the nation, forming a vital source of strength in national development and defense. The Party and State always consider overseas Vietnamese “an integral part of the nation’s bloodline,” ensuring policies that safeguard their legitimate rights and facilitate housing, citizenship, and investment.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5247-17633108047392073028758-08033765-09553342.jpg" alt="Delegates attend the meeting."></figure>Delegates attend the meeting.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5264-17633108075512071193581-08033877-09553254.jpg" alt="Representatives of the Vietnamese community attend the meeting with the Prime Minister."></figure>Representatives of the Vietnamese community attend the meeting with the Prime Minister.<figure class="image"><img src="https://img-ven.congthuong.vn/resize/th/upload/2025/11/17/img5261-17633108070322058876595-08033734-09553474.jpg" alt="Prime Minister Pham Minh Chinh meets overseas Vietnamese in Kuwait."></figure>Prime Minister Pham Minh Chinh meets overseas Vietnamese in Kuwait.He also pledged to request the Kuwaiti side to continue creating favorable conditions for the Vietnamese community to live, work, and act as a bridge for bilateral cooperation. He welcomed and acknowledged the community’s suggestions, including opening a direct air route to enhance tourism and people-to-people exchange.<blockquote>Kuwait marks the first stop in Prime Minister Pham Minh Chinh’s official trip to three countries, Kuwait, Algeria, and South Africa. This is the first visit by a Vietnamese Prime Minister to Kuwait in 16 years, serving as a prelude to celebrations marking the 50th anniversary of Vietnam-Kuwait diplomatic relations (January 10, 1976 - 2026).</blockquote>Kim Bui

Kuwait is currently Vietnam’s largest trade and investment partner within the Gulf Cooperation Council (GCC), with bilateral trade reaching USD 7.3 billion in 2024.

Kuwait remains Vietnam’s largest trade and investment partner in the GCC

<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

<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.

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>

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<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

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<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

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<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.

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<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;

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<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

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