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The agreement was inked on June 23 by Deputy Minister of Finance Nguyen Duc Chi and State Secretary in the Federal Ministry of Finance Barbara Eibinger-Miedl.This agreement marks an important step forward in the bilateral cooperation, particularly in the field of finance.The newly signed agreement, including €100 million tied to specific conditions and €50 million in untied funding, will serve as the legal basis for both sides to continue discussions and reach consensus on general principles for loan arrangements and the implementation of related procedures for specific loan agreements for projects during the next five-year period (2025–2030).<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/24/16/kyket-2-175073063037214657671020250624161401.1848360.jpg" alt="Viet Nam, Austria sign €150 million financial cooperation agreement- Ảnh 1."></figure></td></tr><tr><td>Deputy Minister of Finance Nguyen Duc Chi and State Secretary in the Federal Ministry of Finance Barbara Eibinger-Miedl sign an agreement on financial cooperation, Ha Noi, June 23, 2025 - Photo: VNA</td></tr></tbody></table></figure>This loan demonstrates the Austrian Government's strong commitment to continuing its support and partnership with Viet Nam on its path of socio-economic development.Following the signing ceremony, both sides pledged to closely work at the technical level to develop and implement specific projects funded by this agreement in the most effective manner.Nguyen expressed his appreciation for the invaluable support provided by the Austrian Government to Viet Nam via concessional loans over the years. To date, Viet Nam has carried out 32 projects funded by the Austrian government, with a total value of approximately €370 million.Regarding investment cooperation, Austrian companies have poured US$150 million in 49 active investment projects in Viet Nam.Eibinger-Miedl, for per part, reiterated that Viet Nam is an important trading partner of Austria in Southeast Asia, with around 60 Austrian companies currently operating in the country.She noted that in 2024, Austria's exports to Viet Nam increased by 25 percent, while imports from Viet Nam to Austria rose by 9 percent, demonstrating the positive impact and effectiveness of the EU-Viet Nam Free Trade Agreement (EVFTA)./.

Viet Nam and Austria signed an agreement on financial cooperation worth €150 million, paving the way for crucial socio-economic development projects over the next five years.

Viet Nam, Austria sign €150 million agreement in financial cooperation

From oil and gas pillar to energy transition pioneer“The world is changing around us”. With that opening statement, Charlotte Wolff-Bye, Vice President of Sustainability at Petronas, the Malaysian state-owned oil and gas giant, took her audience on a journey into how the company is reimagining itself for a greener future in a rapidly evolving energy landscape.Her remarks were part of a media exchange on the afternoon of June 15, bringing together Petronas leaders, scientists, and journalists from across Asia, including Vietnam, China, Indonesia, the Philippines, Thailand, Myanmar, and Japan. Beyond a platform for sharing information, the event reaffirmed Petronas’ commitment to sustainable development through a comprehensive energy transition strategy for the region.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/23/15/gen-h-z6707570854435bc5000a21162dac32092ffafdd587d8d-1650243520250623155439.jpg?rt=20250623160039" alt="Charlotte Wolff-Bye, Vice President of Sustainability at Petronas."></figure></td></tr><tr><td>Charlotte Wolff-Bye, Vice President of Sustainability at Petronas.</td></tr></tbody></table></figure>Citing the Paris Agreement, endorsed by over 195 nations at the UN Climate Conference in France, Wolff-Bye noted that since then, tens of thousands of scientific studies have drawn increasingly clear connections between global energy systems and climate change. This reality, she said, presents both a formidable challenge and a historic opportunity for companies in the energy sector.In response to mounting international pressure and domestic expectations, Petronas has devised a green strategy based on three core pillars: enhancing its core business, expanding into new energy sectors, and realizing its net-zero ambition by 2050. The roadmap is designed not only to adapt to global shifts but also to secure long-term economic value and maintain the company’s strategic position.Rather than abandoning oil and gas, Petronas is focusing on natural gas, a lower-emission alternative to coal and oil. Today, gas accounts for roughly two-thirds of the group’s energy portfolio. According to Wolff-Bye, natural gas ensures energy security at home while serving as a key transitional fuel in decarbonization efforts across developing nations. Revenues from gas also allow Petronas to reinvest in clean energy and emerging technologies without compromising financial performance.A major turning point in its transition has been the group’s strategic move into six new business areas: renewables, hydrogen, biofuels, specialty chemicals, green mobility, and carbon capture and storage (CCS). Each of these segments is approached methodically, with clear commercialization goals in the medium to long term.Among them, biofuels, especially sustainable aviation fuel (SAF) stand out. Petronas is building its first biorefinery in Pengerang, slated for completion by the end of 2028. The facility will produce SAF, hydrotreated vegetable oil, and bio-LNG. The company is also working with global partners to secure feedstock and strengthen the supply chain.Beyond product innovation, Petronas is transforming its value chain and operating model. In motorsports, the group now supplies biofuels to the Mercedes-AMG Petronas Formula One team for European circuits. But, as Wolff-Bye emphasized, “We’re not doing this just for F1. The goal is to commercialize SAF for widespread use”. To this end, the company is testing and refining its fuels to meet Formula 1’s new sustainability requirement, 100% sustainable fuel use from 2026 onward.Petronas is also investing heavily in electric vehicle charging infrastructure, scaling up solar projects, and actively engaging in the promising hydrogen market. Its approach goes beyond the development of green energy products, it involves a fundamental reconfiguration of the entire enterprise to align with the future energy paradigm.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/23/15/mercedes-1650066420250623155442.jpg?rt=20250623160241" alt="The Mercedes-AMG Formula One car, fueled by Petronas."></figure></td></tr><tr><td>The Mercedes-AMG Formula One car, fueled by Petronas.</td></tr></tbody></table></figure>A key component of Petronas’s net-zero strategy is CCS technology, not only to manage its own emissions but also as a commercial service. The company envisions becoming a regional carbon storage hub.“We sell LNG to customers and take back CO2 for processing. That’s the circular economy model we’re piloting in several countries”, Wolff-Bye shared.A catalyst for bold moves by Vietnam’s key enterprisesVietnam, one of Asia’s fastest-growing energy markets, has also made a strong net-zero commitment by 2050. With rising electricity demand and mounting global obligations, the role of influential state-owned and private enterprises is more crucial than ever.At the center of Vietnam’s traditional energy ecosystem is the Vietnam National Oil and Gas Group (Petrovietnam), which possesses the scale, technical expertise, and financial capacity to lead the country’s energy transition. Rather than phasing out fossil fuel operations, Vietnamese firms could look to the Petronas model, enhancing efficiency, cutting emissions, and progressively shifting toward natural gas and LNG as transitional and strategic solutions.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/23/15/gen-h-z6707570857219529a398fc3d6c9016ee2c022ab9f1420-1650246120250623155440.jpg?rt=20250623160340" alt="An exchange session between Petronas leaders, scientists, and journalists from various Asian countries. Photo by Le An."></figure></td></tr><tr><td>An exchange session between Petronas leaders, scientists, and journalists from various Asian countries. Photo by Le An.</td></tr></tbody></table></figure>Vietnam also holds significant untapped potential in the biofuel sector. With a rich agricultural base, abundant biomass byproducts, and advantageous geographic location, the country is well-positioned to develop a biorefinery project similar to Pengerang. Paired with key airports like Long Thanh, Chu Lai, or Can Tho, Vietnam could supply domestic SAF demand and eventually move into export markets.In carbon capture and storage, depleted offshore gas fields offer promising storage opportunities for CO₂, supporting both domestic industries and international clients. In fact, in 2024, the PetroVietnam Exploration Production Corporation (PVEP) outlined various emission reduction initiatives, including optimizing existing assets, expanding renewable energy, adopting low-carbon technologies, and forestation to offset emissions.Among these, CCS technology is a long-term priority for PVEP. It enables the capture and permanent storage of CO₂ emissions underground. Over 30 offshore oil and gas fields in Vietnam have already been identified as potential CO₂ reservoirs.<figure class="table"><table><tbody><tr><td>Meanwhile, the private sector has an equally pivotal role. Vingroup, with its expanding ecosystem spanning electric vehicle production and green real estate, could become a key integrator of sustainable energy. Combining renewable energy generation, EV charging stations, battery and hydrogen R&amp;D, if pursued holistically, falls well within its capabilities, echoing Petronas’ systemic approach.</td></tr></tbody></table></figure>Lê An

As Malaysia’s national energy champion, Petronas is not only safeguarding its energy legacy but also emerging as a pioneer in green transformation, offering valuable insights for Vietnamese enterprises.

Petronas’s Green transition strategy: A source of inspiration for Vietnam

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/21/ktvn-1750491831687530293084.png" alt="Viet Nam makes remarkable economic progress over past decades: OECD report - Ảnh 1."></figure>This is a key finding in "OECD Economic Surveys: Viet Nam 2025" report jointly released by the Vietnamese Ministry of Foreign Affairs and OECD on June 20.The report held that with significant challenges ahead, Viet Nam needs to advance structural reforms that will further strengthen market forces, improve social protection for an ageing population and make growth more sustainable.Macroeconomic policies could be enhanced by strengthening the operational independence of the central bank, price-based monetary policy and additional revenue mobilization to address growing spending needs, it suggested.Social benefits, including old-age pensions, could be strengthened and widespread labor informality reduced. Making growth more inclusive requires well-coordinated reforms to expand non-contributory social assistance benefits while maintaining strong incentives for formal job creation.Viet Nam is strongly affected by climate change and has committed to net zero carbon emissions by 2050. Reducing emissions from electricity generation by phasing out coal-fired plants and accelerating the rollout of renewable energy sources will sustain more sustainable growth.Foreign-owned firms have been a driver of growth but have developed few supplier links to local firms. More investment in tertiary education, stronger competition in services sectors and a more even playing field between private and state-owned companies could boost productivity growth, told the report.Alongside the organization's Multidimensional Review of Viet Nam in 2020, the reports for 2023 and 2025 serve as objective and valuable reference sources for strategic and policy planners, researchers, and managers in both the public and private sectors of Viet Nam, as well as the country's development partners.These reports are also useful for reviewing the implementation of the 2021–2025 Socio-Economic Development Plan and for continuing the implementation of the 2021–2030 Socio-Economic Development Strategy.In a congratulatory message to the event, OECD Secretary-General Mathias Cormann praised Viet Nam's socio-economic development achievements, including its rapid economic growth, deep integration into the global economy, and significant progress in poverty reduction. The OECD leader reaffirmed his support and commitment to continuing to assist Viet Nam in achieving its high growth targets./.

Extensive and continued reforms since late 1980s have been key to Viet Nam's remarkable economic progress over the past decades, according to OECD Economic Surveys.

Viet Nam makes remarkable economic progress over past decades: OECD report

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/19/sotan-17503259982521576040630.jpg" alt="Vietnamese citizens in Israel to be evacuated to Egypt- Ảnh 1."></figure>Buildings in Bat Yam, Israel damaged following a missile attack by IranVietnamese Ambassador to Egypt Nguyen Huy Dung said on June 19 that the first group of 37 Vietnamese citizens is expected to be evacuated from Israel to Egypt on June 20 via the Taba land border crossing on the Sinai Peninsula, amid the increasingly dangerous escalation of the conflict between Israel and Iran.Embassy staff will be present at the Taba border crossing to carry out the necessary procedures and receive the evacuated citizens from Israel.Among the evacuees, around 10 people will stay in Egypt, while the rest will return to Viet Nam./.

The Vietnamese Embassy in Egypt is working with Egyptian authorities and the Vietnamese Embassy in Israel to evacuate Vietnamese citizens in Israel to Egypt via the Taba border crossing by land.

Vietnamese citizens in Israel to be evacuated to Egypt

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/13/img5610-1749739943831433438026-17497779733791757732277.jpg" alt="Sweden stands ready to support Viet Nam to become developed, high-income country- Ảnh 1."></figure>Prime Minister Pham Minh Chinh and Speaker of the Riksdag (Swedish Parliament) Andreas Norlén in Stockholm, June 12, 2025.Norlén made the above statement during his meeting with Vietnamese Prime Minister Pham Minh Chinh in Stockholm on June 12.Norlén expressed his belief that Pham's ongoing visit to Sweden would help deepen the traditional friendship and cooperation between the two countries in the time to come.Pham, for his part, conveyed the greetings from General Secretary To Lam, President Luong Cuong, and Chairman of the National Assembly Tran Thanh Man to Norlén and other senior Swedish leaders.He reassured that Viet Nam always attaches importance and wishes to strengthen the friendship and multi-faceted cooperation with Sweden.He recalled the image of Prime Minister Olof Palme marching with a torch to protest the war in VIet Nam, emphasizing that Sweden's decision to establish diplomatic relations with Viet Nam was a brave decision grounded in justice and conscience.The Party, State and people of Viet Nam always bear in mind Sweden’s noble gesture in providing around US$3 billion in non-refundable aid for Viet Nam, the largest among Nordic countries, Pham noted.Sweden's aid was used meaningfully to support health care, education, and social welfare, with many symbolic projects such as the National Children's Hospital and the Bai Bang Paper Mill, Pham said.Swedish universities have trained around 200 Vietnamese experts while that people-to-people exchanges have formed a natural bond, emphasized the Vietnamese leader.He said that his visit to Sweden will inject momentum to the bilateral ties and to the relations between ASEAN and the EU.In the context of profound, complex and unpredictable development around the world, the two leaderes agreed that Viet Nam and Sweden need to strengthen solidarity and cooperation in a bid to contribute to promoting multilateralism and international solidarity.He called on Swedish enterprises to expand investment in the fields like artificial intelligence, information and communication technology, semiconductor.He also suggested Swedish parliament to push for the ratification of the EU-Viet Nam Investment Protection Agreement (EVIPA) by the remaining EU member countries and for the removal of EC's yellow card warning against Vietnamese seafood exports.Norlén said bilateral relations have developed fruitfully, including dialogue and cooperation between the two legislatures, and affirmed Sweden’s readiness to help Viet Nam fulfill its goal of becoming a high-income developed country by its centenary in 2045.The leaders also exchanged views on regional and international issues of shared concern, including the East Sea. Both sides reaffirmed the importance of maintaining peace, stability, security, and freedom of navigation and overflight, based on respect for the rule of law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS). They underscored the need to settle disputes peacefully in accordance with international law, without the use or threat of force.On this occasion, Prime Minister Pham conveyed the invitation from National Assembly Chairman Tran Thanh Man to Speaker Norlén to visit Viet Nam. The Swedish leader accepted the invitation with pleasure./.

Sweden stands ready to support Viet Nam to become developed, high-income country, said Speaker of the Riksdag (Swedish Parliament) Andreas Norlén.

Sweden stands ready to support Viet Nam to become developed, high-income country

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/12/thue-1724644411052629505581-1741763284527976730625-1749647355090829234623-17497019221731377104262.jpg" alt="Gov't strengthens delegation of authority in tax management- Ảnh 1."></figure>The Decree shall take effect from July, 2025.Under the Decree, Minister of Finance shall exercise the authority to give opinions and decide on the signing of bilateral and multilateral Advance Pricing Arrangements (APAs) involving foreign tax authorities as prescribed in Clause 5, Article 41 of the Government's Decree No. 126/2020/ND-CP.The Minister of Finance shall decide when bilateral and multilateral APAs shall take effect in accordance with Clause 7, Article 41 of the Government's Decree No. 126/2020/ND-CP./.

The Government issued Decree No. 22/2025/ND-CP dated June 11, 2025 on decentralization and delegation of authority in tax management.

Gov't strengthens delegation of authority in tax management

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/10/qualcomn-1749547831272425265346.jpg" alt="Qualcomm to build its third-largest AI R&amp;D Center in Viet Nam- Ảnh 1."></figure>The launch of Qualcomm's Artificial Intelligence Research &amp; Development (AI R&amp;D) Center in Ha Noi, June 10, 2025 - Photo: VGPIn 2024, Nvidia—the world's leading technology corporation in the fields of AI and semiconductors—also collaborated with Viet Nam to establish an AI R&amp;D Center in the country.The official launch of Qualcomm's new AI R&amp;D Center in Viet Nam is expected to position the country as a leading hub for AI research and innovation in the region and globally.With a team of scientists, researchers, and AI experts based in Ha Noi and Ho Chi Minh City, this new AI R&amp;D Center will operate under Qualcomm's global AI research group.It will play a key role in developing generative AI and agentic AI solutions, with applications across various domains such as smartphones, personal computers, extended reality, automotive technology, and the Internet of Things (IoT).The center will focus on technological innovation from basic research to platform development, promote regional human resource development and academic collaborations, while also directly contributing to Qualcomm's global product roadmap and the development of the AI industry in Viet Nam.Speaking at the launching ceremony, Deputy Minister of Science and Technology Le Xuan Dinh said, the event marks a new step forward in technological cooperation between Viet Nam and the U.S.Qualcomm's decision to choose Viet Nam as the location for its AI R&amp;D Center reflects its confidence in the potential and capabilities of the country's information technology workforce, he noted, adding that it also serves as a vivid testament to the comprehensive strategic partnership between the two countries./.

Qualcomm has officially announced that its third-largest Artificial Intelligence Research &amp; Development (AI R&amp;D) Center in the world, after its centers in India and Ireland—will be located in Viet Nam.

Qualcomm to build its third-largest AI R&D Center in Viet Nam

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/344443456812359680/2025/6/4/mtqg-16824138235871467688031-17490091801031428814252.jpg" alt="Central Steering Committee for national target programs in 2021-2025 established- Ảnh 1."></figure>Illustration photoPermanent Deputy Prime Minister Nguyen Hoa Binh shall be the Head of the Central Steering Committee.Deputy Heads of the Central Steering Committee include: Deputy Prime Minister Tran Hong Ha, Deputy Prime Minister Mai Van Chinh, and Deputy Prime Minister Le Thanh Long.Members of the Central Steering Committee include: Minister, Chairman of the Government Office Tran Van Son (Permanent Member); Minister of Public Security Luong Tam Quang; Minister of Finance Nguyen Van Thang; Minister of Agriculture and Environment Do Duc Duy; Minister of Ethnic Minority and Religion Dao Ngoc Dung; Minister of Culture, Sports and Tourism Nguyen Van Hung; Vice Chairman of the Central Committee of the Viet Nam Fatherland Front Hoang Cong Thuy.The Central Steering Committee shall assist the Prime Minister in directing and resolving general tasks related to management and organization of the implementation of national target programs in the period of 2021 - 2025.The Central Steering Committee shall be responsible for studying and advising the Prime Minister on directions and solutions for managing and organizing the implementation of national target programs.The Central Steering Committee shall also be in charge of assisting the Prime Minister in evaluating the results of the implementation of national target programs in the period of 2021 - 2025.National target programs are comprehensive, government-led initiatives, targeting to address key socio-economic challenges and promote sustainable development across the country. These programs focus on areas such as rural development, poverty reduction, and cultural enhancement./.

Prime Minister Pham Minh Chinh decided to establish the Central Steering Committee for national target programs for the period 2021 - 2025 (Central Steering Committee).

Central Steering Committee for national target programs in 2021-2025 established

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/062025/03/09/nikkei-174859242423771551030420250603090541.2547080.jpg" alt="Deputy Prime Minister attends Nikkei Forum 30th Future of Asia- Ảnh 1."></figure></td></tr><tr><td>Deputy Prime Minister Nguyen Chi Dung delivers his remarks at the Nikkei Forum 30th Future of Asia, Tokyo, Japan, May 30, 2025 - Photo: VGP</td></tr></tbody></table></figure>Nguyen made that suggestion while addressing the Nikkei Forum 30th Future of Asia that took place in Tokyo, Japan, on May 30.The Vietnamese official urged Asian nations to take the lead in promoting the development of science, technology, digital transformation, and innovation while enhancing inclusive development, placing people at the center, as the goal, the driving force, and the main actor of all policies.Asian countries should lead in shaping new economic models, especially green transition and digital transformation and strengthening solidarity, cooperation, and mutual respect, he noted.The Vietnamese official held that after nearly 40 years of implementing the Doi Moi (Renovation) policy, Viet Nam has achieved remarkable and historically significant accomplishments.From a underdeveloped and backward economy, the nation has risen to become the 32nd largest economy in the world and ranked among the top 20 countries in terms of trade volume and foreign direct investment (FDI) attraction, reiterated the Deputy Prime Minister.In 2024, the country's GDP per capita reached US$4,700, approaching the threshold of upper-middle-income status, he said.Japan is a top important partner and a sincere and trustworthy friend of Viet Nam, said the Deputy Prime Minister, expressing his hope for receiving strong support, close cooperation, and effective companionship from Japan for Viet Nam to achieve its development goals and advance into a new era of national growth.All nations should join hands in solidarity and work together with unity and determination to overcome challenges for the sake of peace, cooperation, and shared prosperity in the region and around the world, suggested Nguyen./.

Deputy Prime Minister Nguyen Chi Dung called on Asian nations to pioneer&nbsp;

Deputy Prime Minister attends Nikkei Forum 30th Future of Asia

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/6/2/z666441467004136817c416f9674a40ad60bf0c66c8640-17488574005311368107727-1748866736092540596676.jpg" alt="Local carmaker Kim Long hands over first batch of busses to Korean partner- Ảnh 1."></figure>General Director of Kim Long Motor Dao Viet Anh hands over the first electric bus to General Director of Daon Mobility Jeong Ha Neul in Hue City, June 2, 2025This is part of an agreement signed between the two companies last April, under which Kim Long Motor would export 200 made-in-Viet Nam buses annually to be used for tour services and by schools in South Korea.The local carmaker's N23-EV model model has a beautiful, luxurious, and quite neat and eye-catching design, allowing the vehicle to move flexibly, safely and effectively in crowded streets, residential areas or schools.Although the length is up to 7.5 m, this bus model is designed with a maximum capacity of 22 passengers, suitable for exploiting tours and picking up and dropping off students in major cities in South Korea.The bus model is quipped with Dongfeng Dana axle system, a brand that applies advanced technology from the United States, currently used on more than 90% of commercial vehicles worldwide.In addition, the vehicle is integrated with advanced safety systems including: Electronic brake system (EBS), advanced emergency braking system (AEBS), Auto Hold system combined with electronic handbrake and hill start assist (HSA), and electronic balance system (ESC) to help the vehicle always maintain stability in all public traffic conditions.The vehicle is also equipped with a lane departure warning system (LDWS), collision sensors, anti-jamming automatic doors and a warning feature when passengers get on/off the vehicle. The smart journey monitoring system allows parents and schools to track travel schedules, contributing to improving safety and peace of mind during vehicle operation.In particular, the vehicle is powered by Lithium Polymer battery from SK (South Korea), with a capacity of 170 kW and a range of up to 310 km per charge. This is an optimal solution to help save operating costs, reduce emissions and is in line with the green transformation orientation in the Korean transportation sector.Dao Viet Anh, General Director of Kim Long Motor shared: "We are extremely proud that the first 'Made in Viet Nam' electric bus is officially available in South Korea - a market famous for its strict standards of quality and technology. This is not only an important milestone for Kim Long Motor, but also a historical milestone for the Vietnamese automobile industry. This event proves that Viet Nam has completely mastered high technology and confidently competes in the international market".Meanwhile, Jeong Ha Neul, General Director of Daon Mobility said he and his colleagues were completely convinced when he saw and experienced the KimLong N23-EV electric bus model with his own eyes.The vehicle not only met our expectations in terms of design, features and performance, but also brought an impressive practical experience, fully meeting the strict standards of the Korean market, said Jeong.The KimLong N23-EV is the perfect piece in the strategy of developing green, convenient, modern and safe transportation that Daon Mobility is aiming for in the near future, he noted.The KimLong N23-EV pure electric bus model will officially be available in Korea in June this year and put into operation in major cities such as Seoul, Incheon and Busan..., marking the strong presence of Kim Long Motor on the world automobile industry map./.

Local carmaker Kim Long Motor on Monday handed over the first batch of electric buses to South Korea's Daon Mobility.

Local carmaker Kim Long hands over

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/28/tbt-to-lam-lv-ban-to-chuc-174835160601156733455-1748405127405816177401.jpg" alt="Cadre work requires long-term vision: General Secretary To Lam- Ảnh 1."></figure>General Secretary To Lam (left) and Standing member of the Communist Party of Viet Nam Central Committee's Secretariat at the working session with the working session with the Central Organization Commission, Ha Noi, May 27, 2025To urged the Central Organization Commission to promote its strategic advisory role in building the clean and strong Party capable of leading the country in the new era.The Central Organization Commission needs to focus on advising the Party on improving institutions and the capacity to outline strategies and policies, innovating the Party leadership capabilities to meet the requirements of the new era, he said.Cardres at all levels in the new period must have virtue, talent, devotion, vision, strength, and revolutionary enthusiasm to shoulder the historical responsibility of the country, stressed the Party chief.He called on the Central Organization Commission to innovate thinking and improve mechanisms and policies to detect, attract and make good use of talents, especially in strategic fields; encourage cardes who are dynamic and creative, dare to think, dare to do, and dare to take responsibility for the common good.The Central Organization Commission, one of the Party's organs, is responsible for advising the Party on Party building, political system building, cardre work.Over the past few months, Viet Nam has carried out a revolution to streamline the political system from central to local levels.At central level, four Party organs and agencies, five committees of the National Assembly, five ministries and three Governmental bodies have been dissolved or merged with others.At local level, the number of provinces and cities will be reduced to 34 from current 63 while district-level administrations will be dissolved. The number of communes will be reduced to 3,320 from current 10,035 through merger.With this historic political system overhaul, at least 230,000 cadres and employees have to get early retirement or move from the public sector to other sectors.The revolution is expected to help the public sector perform more effectively and efficienty and save budget for investment development.The revolution, initiated by General Secretary To Lam, is expected to help Viet Nam achieve the goal of becoming a high-income, developed country by 2045./.

General Secretary To Lam stresses the need for long-term vision for cardre work during his working session with the Central Organization Commission on May 27.

Cadre work requires long-term vision: General Secretary To Lam

A strong driving force for rural industrial productionThe province of Hung Yen is currently home to around 17,000 rural industrial production establishments, over 100 traditional craft villages and craft villages, providing employment for more than 60,000 rural workers. In recent years, the province has proactively reviewed its current status and development needs to propose and implement effective solutions to support enterprises and production facilities in addressing existing challenges.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/27/17/anh-hung-yen20250527172924.jpg?rt=20250527172926" alt="Produced at Halo Mold Tech Co., Ltd. (Yen My district). Photo: Halo Mold Tech"></figure></td></tr><tr><td>Production at Halo Mold Tech Co., Ltd. (Yen My district, Hung Yen district). Photo: Halo Mold Tech</td></tr></tbody></table></figure>According to Vu Quang Thang, Director of the Hung Yen Department of Industry and Trade, the province has implemented various programs and initiatives under its industrial promotion policy. These efforts have provided support to hundreds of enterprises producing key goods in value chain linkage with farmers in the processing of agricultural, forestry, and aquatic products. The support has helped them to upgrade technologies, apply scientific and technical advances, improve product quality to meet technical standards, build brands, gain credibility, and expand markets both domestically and internationally.One exemplary case is Vy Dung Trading and Production Co., Ltd. in Kim Dong District. Previously, the company relied on outdated machinery. With support from the Hung Yen Center for Industrial Promotion and Trade Promotion, the company was able to purchase new equipment, renovate its production system, and significantly improve efficiency and product precision.“We hope that authorities at all levels in Hung Yen will continue to provide greater support for mechanical enterprises like ours so that we can grow stronger, create more jobs for local people, and expand our reach and integration,” said Tran Van Vy, Director of Vy Dung Trading and Production Co., Ltd.Other examples of effective support include Viet Bach Food Co., Ltd. in An Thi District, which received funding to install two spiral mixers and an automatic packaging machine for food processing; Halo Mold Tech Co., Ltd. in Yen My District, supported to acquire a Hankook EDM CNC drilling machine for mechanical processing; and Minh Tien Agricultural Cooperative in Phu Cu District, which received support to apply a drying cabinet for longan processing. After being put into operation, the new machinery and equipment helped the businesses and cooperatives improve both productivity and product quality.Priority allocation of financial resourcesTo ensure industrial promotion serves as a strong driver of rural industrial development, Hung Yen has consistently allocated substantial resources to this effort in recent years. Annually, the province sets aside approximately VND 4 billion to support activities under the Industrial Promotion Program for the 2021–2025 period.This funding has helped many rural industrial establishments invest in expanding production scale, upgrading technology, and applying scientific advances to improve productivity, product quality, and competitiveness. Additionally, the funding has enhanced management capacity and encouraged businesses to actively engage in international economic integration, while also contributed to strengthening rural infrastructure and promoting rural development and industrialization.In 2025, the Hung Yen Provincial People’s Council issued Resolution No. 553/2025/NQ-HDND dated February 18, 2025, on the spending norms for industrial promotion activities in the province.Regarding support for the application of advanced machinery in production, the province allocates funding for model forums to disseminate new technologies and new product development. The support level is capped at 30% of the total cost, but not exceeding VND 1 billion per model.Support for high-performing rural industrial establishments that serve as good examples for replication is capped at VND 100 million per model.Funding for pilot models applying cleaner production methods in industrial activities is capped at 30% of the total cost, with a maximum of VND 500 million per model.Support for the application of advanced machinery and equipment, technology transfer, and application of scientific and technological advances in industrial and handicraft production is capped at 50% of the total cost, but not exceeding VND 300 million per establishment. In cases where only technological lines are supported, the support level shall not exceed 1.5 times the cap applied to advanced machinery and equipment support.Compared to many other localities, Hung Yen's maximum support levels for industrial promotion activities are relatively high. This reflects both the effectiveness of industrial promotion efforts in recent years and the province's strong commitment to further promoting these activities. It also demonstrates Hung Yen’s close attention to the industrial promotion sector in particular and rural industry in general.Hai Linh

The application of new policies in production has enabled enterprises and rural industrial establishments in Hung Yen Province to improve productivity and confidently compete in the market.

Rural industry in Hung Yen province enhances efficiency through government programs

Attending the meeting were Deputy Prime Ministers Tran Hong Ha, Bui Thanh Son, Le Thanh Long, Ho Duc Phoc, Nguyen Chi Dung, and Mai Van Chinh; Minister of Industry and Trade Nguyen Hong Dien – Head of the Vietnamese negotiation delegation; Minister and Chairman of the Government Office Tran Van Son; as well as leaders of ministries, sectors, agencies, and members of Vietnam’s negotiation team.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/24/14/thu-tuong20250524145006.jpg?rt=20250524145053" alt="Prime Minister chairs the Government’s Standing Committee meeting to provide guidance on orientations, solutions, and next steps following the second round of bilateral negotiations on the Vietnam–US Reciprocal Trade Agreement – Photo: VGP/Nhat Bac"></figure></td></tr><tr><td>Prime Minister chairs the Government’s Standing Committee meeting to provide guidance on orientations, solutions, and next steps following the second round of bilateral negotiations on the Vietnam–US Reciprocal Trade Agreement – Photo: VGP/Nhat Bac</td></tr></tbody></table></figure>The second round of bilateral negotiations on the Reciprocal Trade Agreement between Vietnam and the United States was held from May 19 to 22, 2025, in Washington D.C., USA.After listening to reports and opinions at the meeting, Prime Minister Pham Minh Chinh praised the efforts and dedication of relevant ministries, agencies, and localities in preparing for and conducting the negotiations.The results of the recent negotiation rounds showed positive signs. Both sides had the opportunity to exchange, provide, and share information and their respective circumstances. This laid a foundation for mutual understanding and empathy in the current context, paving the way for constructive directions in subsequent negotiation rounds aimed at achieving balanced and mutually beneficial outcomes. The Prime Minister also welcomed the proactive attitude of the US side.Furthermore, various levels of government, ministries, agencies, and Vietnamese businesses have continued to engage with their US counterparts through flexible and diverse forms of interaction to promote the comprehensive strategic partnership between Vietnam and the United States in general, and to advance the negotiations specifically.Relevant ministries and agencies, according to their functions, responsibilities, and authority, promptly provided information to the negotiation delegation and reported to the Government’s Standing Committee to facilitate leadership and direction.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/24/14/thu-tuong120250524145007.jpg?rt=20250524145130" alt="Minister of Industry and Trade Nguyen Hong Dien – Head of the negotiation delegation, reports at the meeting – Photo: VGP/Nhat Bac"></figure></td></tr><tr><td>Minister of Industry and Trade Nguyen Hong Dien – Head of the negotiation delegation, reports at the meeting – Photo: VGP/Nhat Bac</td></tr></tbody></table></figure>Agencies, units, localities, and enterprises continued negotiations and promoted the purchase of US goods in which America holds advantages and Vietnam has demand, contributing to the earliest possible trade balance between the two countries, such as Boeing aircraft, LNG, and certain agricultural products.The Ministry of Finance, Ministry of Agriculture and Environment, and related ministries have reviewed and promptly addressed issues related to projects of interest to the US side.The Government’s Standing Committee and the Prime Minister continue to closely monitor negotiation developments and related dynamics, adhere to the Politburo’s directives and those of the General Secretary, and steer the formulation and proposal of suitable, effective, and practical approaches for both sides, based on principles of shared benefits and risk sharing.Relevant ministries and agencies such as the Ministry of Foreign Affairs, the Vietnamese Embassy, and the Trade Representative Office in the US have actively supported the negotiation delegation; ministries, agencies, and units have coordinated seamlessly and efficiently.Regarding next steps, the Prime Minister emphasized that based on the achievements so far, real situation developments, and our capacity, and adhering to the principle of shared benefits and risks while ensuring Vietnam’s core interests, efforts will focus on consolidating, strengthening, and advancing the comprehensive strategic partnership between Vietnam and the United States. This will bring benefits to both countries and their consumers, and contribute to peace, stability, cooperation, and development in the region and the world. Appropriate and effective measures will be taken to continue negotiations with the aim to declare their conclusion at the earliest possible time.Le An

On the morning of May 24, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee to hear reports, assess the situation, and provide guidance on orientations, solutions, and follow-up tasks after the second round of bilateral negotiations on the Vietnam–United States Reciprocal Trade Agreement.

Vietnam needs to finish trade negotiations with the US at the earliest opportunity: PM

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/23/06-1-37-17479879002081164461668.jpg" alt="Two strategic drivers for Viet Nam to become high-income country by 2045- Ảnh 1."></figure>Illustration photoThis is a key suggestion of two key reports, namely Viet Nam 2045 Breaking Through Institutions for a High-Income Future, and Viet Nam 2045 Growing Greener - Pathways to A Resilient and Sustainable Future, released by the World Bank in Ha Noi on May 22.In the first report, the World Bank recommended that Viet Nam strengthen its legal framework and improve the efficiency of public investment to sustain high growth and reach its 2045 high-income target.To maintain rapid economic growth, they said, Viet Nam must consolidate its legal system and enhance the regulatory environment. Public investment must be managed more effectively, focusing on both scale and quality, from project selection to implementation and monitoring. International experiences show that countries which escape the middle-income trap and transition to high-income status consistently improve the quality of their institutions.The second report highlights that climate adaptation investment is key to minimizing weather-related risks to Viet Nam's agriculture, businesses, and industrial infrastructure.A 2024 WB survey finds that 75 percent of businesses in Viet Nam's major export sectors such as garments and electronics are operating in areas frequently exposed to extreme heat, putting 1.3 million workers in vulnerable conditions.Without timely adaptation measures, climate change could cost Viet Nam up to 12.5 percent of GDP by 2050, compared to baseline scenarios, and this therefore would pose a serious threat to Viet Nam's goal of becoming a high-income country by 2045.In response to the growing threat of climate change,&nbsp; Viet Nam must act now to safeguard land, communities, and infrastructure from climate-induced shocks.WB recommended that Viet Nam begin implementing early adaptation measures, underlining the importance of creating supportive mechanisms and policies that encourage both businesses and citizens to actively respond to climate risks. Moreover, climate risk management should be mainstreamed across all sectors of the economy to ensure a resilient and sustainable development trajectory.According to World Bank calculations, strategic adaptation investments could cut climate-induced GDP losses by nearly half, from 12.5 percent down to 6.7 percent by 2050./.

Viet Nam can fully materialize its goal of becoming a high-income country by 2045 if the country is committed to pursuing two strategic drivers - institutional reform and green development, according to the World Bank (WB).

Two strategic drivers for Viet Nam to become high-income country by 2045

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/22/11/nq20250522114018.jpg?rt=20250522114019" alt="Unlocking financial momentum for the private sector"></figure></td></tr><tr><td>Resolution 198/2025/QH15 marks a profound shift in the government’s policy mindset toward the private sector.</td></tr></tbody></table></figure>With a comprehensive package of tax incentives, fee reductions, and support for science and technology development, the Resolution is more than just a set of financial perks. It reflects the State’s strong commitment to fostering a transparent, business-friendly environment that lays the groundwork for sustainable development and deeper global integration.Resolution 198/2025/QH15 marks a profound shift in the government’s policy mindset toward the private sector. Once viewed primarily as a supplementary component, this sector is now recognized as a key pillar of Vietnam’s market economy.To turn this vision into reality, tax policy has been designated as a catalytic tool—relieving cost burdens, boosting capital accumulation, enhancing technological innovation, and supporting business expansion.A notable highlight of the Resolution is the policy to reduce land rental fees by at least 30% for the first five years for high-tech enterprises, small and medium-sized enterprises (SMEs), and innovative startups operating in industrial zones, clusters, and technology incubators. This move aims to ease initial financial pressures, enabling companies to scale up operations, invest in equipment, and increase productivity.The exemption of business license fees starting from January 1, 2026, along with the waiver of fees related to the issuance and renewal of official documents during government restructuring processes, also contributes to lowering unofficial business costs. These are practical reforms that simplify administrative procedures, allowing businesses to focus resources on core production and commercial activities.Particularly noteworthy are the breakthrough tax incentives for innovative enterprises—those expected to lead Vietnam’s digital economy and technological transformation. Innovative startups and their supporting organizations are granted full corporate income tax exemptions for the first two years, followed by a 50% tax reduction over the next four years on income derived from innovative startup activities.Additionally, income from the transfer of shares or capital contributions by innovative startups is exempt from both personal and corporate income tax. This measure creates a favorable mechanism to attract investment and strengthen the financial capacity of startups.The Resolution also includes tax incentives for experts and scientists working at startups, research centers, and innovation hubs: Two years of personal income tax exemption, followed by a 50% reduction for the next four years. This is a crucial incentive for attracting top-tier talent and specialists, thereby boosting R&amp;D capabilities and accelerating the commercialization of high-tech products.Another bright spot in the Resolution is the provision allowing businesses to allocate up to 20% of taxable income to funds dedicated to science and technology development, innovation, and digital transformation. Furthermore, companies are permitted to count 200% of R&amp;D expenses as deductible when calculating corporate income tax. This serves as a powerful incentive for enterprises to ramp up investment in R&amp;D, create high-value-added products and technologies, and improve global competitiveness.Moreover, the State will support micro and small enterprises, as well as individual business households, by providing free access to digital platforms, shared accounting software, and consulting services in legal, tax, accounting, and human resources. These supports not only reduce management costs but also improve internal governance and accelerate digital transformation.Dinh Tuan

Resolution 198/2025/QH15 is not only a financial stimulus but a long-term strategic roadmap that positions the private sector at the heart of Vietnam’s innovation-driven growth.

Unlocking financial momentum for the private sector

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/20/kyket-1-1747731375893906997907.jpg" alt="Viet Nam among Singapore's 15 largest tourist source markets - Ảnh 1."></figure>The signing ceremony of a Memorandum of Understanding (MoU) on strategic cooperation between the Singapore Tourism Board, national carrier Viet Nam Airlines and Singapore's Sentosa Development Corporation, Ha Noi, May 20, 2025 - Photo: VNAThe above information was released at the signing ceremony of a Memorandum of Understanding (MoU) on strategic cooperation between the STB, national carrier Viet Nam Airlines and Singapore's Sentosa Development Corporation which took place in Ha Noi on May 20.The three sides will work together to promote Singapore as an ideal destination for both leisure and business travel from Viet Nam.Singapore has always been one of Viet Nam Airlines' key markets in Southeast Asia. The national flag carrier has served over 8.1 million passengers after more than 30 years since the launch of the first route between the two countries.Currently, Viet Nam Airlines operates 21 flights per week connecting Ha Noi and Ho Chi Minh City with Singapore. In 2024 alone, the airline transported more than 400,000 passengers on these routes. In the first four months of 2025, the number reached 116,000 passengers./.

Viet Nam remains among Singapore’s top 15 tourist source markets with more than 393,000 arrivals in 2024, according to the Singapore Tourism Board (STB).

Viet Nam among Singapore's 15 largest tourist source markets

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/14/3-3-17471115625681242652504-17471898445642043104702.jpg" alt="Major takeaways from General Secretary To Lam's four-nation tour- Ảnh 1."></figure>Deputy Prime Minister and Foreign Minister Bui Thanh SonRegarding the significance of the tour, Bui said the tour has opened up a new chapter of cooperation while consolidating, renewing and repositioning the relations between Viet Nam and these countries on the basis of long-lasting friendships that have been nurtured by generations of leaders and people of Viet Nam and the four countries.The tour was also a special occasion to convey the message of the consistent and loyal affections of the Party, State and people of Viet Nam towards the countries that have wholeheartedly supported the cause of national liberation and unification in the past as well as the cause of national construction and development of Viet Nam today.The high-ranking leaders and people of these countries have given General Secretary To Lam, his Spouse and the high-ranking delegation of Viet Nam sincere affections, a warm and respectful welcome with many exceptions.General Secretary To Lam engaged in more than 80 events during his eight-day tour, notably his meetings with top leaders of these countries and his participation at the 80th anniversary of the Victory Day in Kazakhstan and Russia, reflecting the fact that Viet Nam appreciates and honor the great sacrifices and losses of former Soviet Union countries in the fight against fascism, ending the world war and opening up a new page in the history for the revolutionary and national liberation movements around the world.Major outcomesFirst, the tour was an evidence of Viet Nam's effort to realize the foreign policy of independence, self-reliance, peace, friendship, cooperation and development; diversification and multi-lateralization of external relations, and active ad proactive international integration; being a trusted friend and partner and an active and responsible member of the international community, which was adopted at the 13th National Party Congress.Viet Nam upgraded bilateral ties to strategic partnership with Kazakhstan, Azerbaijan and Belarus, raising the number of strategic partnerships to 37, while deepening the Comprehensive Strategic Partnership with Russia.Second, General Secretary To Lam and top leaders of these countries affirmed that they attach importance and place high priority to the traditional friendships that have stood firmly in the past struggle for national independence and the current course of national development despite historical ups and downs. This spirit was the mainstream during the summit meetings between General Secretary To Lam and Kazakhstani President Kassym – Jomart Tokayev, Azerbaijani President Inham Aliyev, Russsian President Vladimir Putin, and Belarussian President Aleksandr Lukashenko.Third, the aforesaid summit meetings were productive, helping to shape the bilateral ties between Viet Nam and these countries in the time to come, creating new momentum for cooperation in both traditional areas and new fronts commensurate with the newly established partnership frameworks.Fourth, General Secretary To Lam and leaders of these countries agreed to further strengthen political trust through delegation exchanges and contacts at all levels and across all channels.The leaders affirmed the important role of the Intergovernmental Committee mechanism in mapping out measures to further facilitate economic, trade and investment cooperation.On energy cooperation, the leaders agreed to promote cooperation in oil and gas exploration and supply and put forward measures to enhance energy cooperation, including clean and renewable energy.The leaders discussed concrete measures to bolster practical cooperation in the fields of defense-security, science-technology, transport, logistics, agriculture, high technology, culture, sports and tourism, labor, people-to-people exchanges and local-to-local cooperation.Fourth, the leaders agreed to promote close collaboration at regional and international organizations, especially the United Nations. General Secretary To Lam and leaders of the four countries underscored the importance of maintaining peace, security, and stability in each regions, of settling disputes through peaceful measures on the basis of the United Nations Charter and international law, including the 1982 United Nations Convention on the Law of the Sea.During the tour, Viet Nam and the four countries signed around 60 cooperation agreements in the fields of politics, defense-security, science-technology, energy, education and training, and aviation among others in order to create important legal framework for deepening the relations between Viet Nam and these countries in a more substantial and effective fashion./.

Deputy Prime Minister and Foreign Minister Bui Thanh Son has highlighted the significance and major outcomes of General Secretary To Lam's tour to Kazakhstan, Azerbaijan, Russia and Belarus.

Major takeaways from General Secretary To Lam's four-nation tour

On the morning of May 12, during the ongoing 9th session of the National Assembly, lawmakers gathered in plenary session to discuss the revised draft Law on Corporate Income Tax.National Assembly deputy Ta Dinh Thi, representing Hanoi, expressed his overall support for the government’s explanatory report and the contents of the amended draft law. He also agreed with other deputies on the need for further review and refinement to fully institutionalize key directives laid out in Politburo Resolutions 57 and 68.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://ven.congthuong.vn/stores/news_dataimages/2025/052025/12/18/images-2cae99c722739fd7811264aa240390091060fe51c30422add89077edacf605cbbdd3d3eeee159494e80c5195d6a8f8d62b93bce4b5b876c59069228acf713e1b-tdt-169165405982320250512182455.jpg?rt=20250512182456" alt="National Assembly Delegate Ta Dinh Thi. (Photo: daibieunhandan.vn)"></figure></td></tr><tr><td>National Assembly deputy Ta Dinh Thi. (Photo: daibieunhandan.vn)</td></tr></tbody></table></figure>Howecer, Deputy Ta Dinh Thi proposed that the chemical industry should be added to the list of sectors eligible for corporate income tax incentives, as specified in Clause 2, Article 12 of the draft legislation.He provided three main reasons for this proposed amendment:Firstly, according to the National Assembly Standing Committee’s explanatory report No. 1275 dated May 7 regarding the amended Law on Chemicals, there is already consensus to include relevant provisions in the draft Law on Corporate Income Tax. This reflects an intention to integrate legal frameworks in a cohesive manner.Secondly, the chemical industry plays a foundational role in Vietnam’s industrialization, modernization, and national security. This has been clearly emphasized in the country’s 2021–2030 socio-economic development strategy, as well as in Resolution 29, issued on November 17, 2022, by the 6th Plenum of the 13th Party Central Committee.The resolution designates the chemical sector as a key and foundational industry that should be prioritized for development. However, the current draft law does not adequately reflect this priority.Thirdly, under the Investment Law—specifically Clause 3, Article 20—special incentive levels and their durations are governed by the Corporate Income Tax Law and land legislation. Yet, the draft law’s list of sectors eligible for tax incentives does not include the chemical industry, creating a policy gap.To address this inconsistency, Deputy Thi urged lawmakers to add the chemical industry to the list of sectors qualifying for tax incentives. This, he argued, would ensure policy alignment and coherence with the country’s broader socio-economic development goals.Thu Huong

Commenting on the revised draft Law on Corporate Income Tax, deputy Ta Dinh Thi proposed that chemical industry should enjoy tax incentives.

Lawmaker proposes tax incentives for the chemical industry sector

<figure class="image image_resized" style="width:777px;"><img src="https://bcp.cdnchinhphu.vn/thumb_w/640/344443456812359680/2025/5/11/song-nho-que-rs-1746935638891435208710.jpg" alt="Two Vietnamese destinations ranked among world’s Top 44 most beautiful places by Time Out - Ảnh 1."></figure>Nho Que River in Ha Giang ProvinceThe magazine ranked Ha Giang in 10th place, saying the winding mountain passes, terraced rice paddies and 43 different ethnic groups that call this place home, all combine to give Ha Giang its otherworldly air.According to Time Out, Tham Ma Pass winds its way through six successive hairpin bends, while the Mi Pa Leng Pass carves a mountain edge, overlooking the Nho Que River 3000 feet below."However, my personal favourite vista in Ha Giang affords a different kind of beauty, the kind to confront you with your own teeny-tiny mortality. In La Si and its surrounding region you'll glimpse mountain after mountain, as far as the eye can see, of terraced rice paddies. It's taken thousands (yes thousands) of years of hard toil to tame these mountains into the rice producing expanse that it is today", told the magazine.Meanwhile, Time Out describes that life in Hoi An&nbsp;moves like molasses – slow and sweet."When I lived in this dreamy little community, I spent mornings sipping coconut coffee in cafes and afternoons biking through swaying rice paddies past grazing buffalo. Now, I spend a few months a year here, watching lantern-lit boats glode along the Thu Bon river, cycling through Old Town before the evening crowds gather, and lounging on one of Viet Nam's most beautiful beaches", writer of the magazine wrote.Over 50 years since its foundation in London, Time Out has become a global media and hospitality brand influencing how tens of millions of people go out around the world, with content covering 333 cities in 59 countries.Time Out's high-quality content, curated by expert journalists, now spans a global network of websites, social media channels, videos, live events and Time Out Markets.Nearly 7.7 million foreign arrivals travelled to Viet Nam in the first four months of this year, a year-on-year increase of 23 percent, the National Statistics Office reported.The surge in international arrivals affirms the effectiveness of Viet Nam's tourism stimulus initiatives, laying a strong foundation for the country to meet its 2025 targets of welcoming 22 to 23 million foreign visitors./.

The northern mountainous province of Ha Giang and the ancient city of Hoi An in central Quang Nam province have been ranked among the Top 44 most beautiful places in the world by renowned UK-based travel magazine Time Out.

Two Vietnamese destinations ranked among world’s Top 44 most beautiful places by Time Out

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

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

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

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

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<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.

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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

Digital Marketing 

NEWS

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

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

SOCIAL

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

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

MANAGING WEBSITE

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

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

GOOGLE ADWORDS

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