Tourism is one among key growth drivers with the number of international tourists visiting Vietnam soaring 21.3%.

Revenue of retail sales of consumer products and services in the first five months of this year totaled over VND2.85 quadrillion ($108.7 billion), up 9.7% year-on-year, according to the National Statistics Office.

In May alone, the value was VND574.9 trillion ($21.9 billion), a rise of 10.2% from the same period last year.

In the five months, retail sales of consumer products reached more than VND2.18 quadrillion ($83.2 billion), increasing 8.2% year-on-year.

Revenue from accommodation and catering services was estimated at VND340.3 trillion ($12.98 billion), up 15.2% year-on-year.

In the five-month period, Vietnam welcomed 9.2 million foreign tourists, soaring 21.3% compared to the same period last year. Tourism revenue in the period was VND38.4 trillion ($1.46 billion), representing an increase of 24.7% from the corresponding time last year.

 

-Song Hà

The main drivers behind the increase are higher costs for rental housing, home maintenance materials, electricity and dining out.

The consumer price index (CPI)  increased by 0.16% in May compared to the previous month, according to the National Statistics Office.

As a result, the May CPI was up 1.53% compared to December 2024, and surged 3.24% year-on-year.

The main drivers behind the increase were higher costs for rental housing, home maintenance materials, electricity and dining out.

For the first five months of the year, the CPI jumped 3.21% year-on-year. Meanwhile, core inflation rose 3.1%, slightly below the overall CPI increase.

Among 11 major groups of goods and services, 10 saw price increases in May, while transportation prices declined.

 

-Vũ Khuê

Total import value is expected to reach $2 billion

Vietnamese and U.S. enterprises have signed Memorandum of Understandings (MoUs) on the import of animal feed ingredients from Ohio, according to a report from the Government News.

These MoUs, worth over $600 million, were inked within the framework of the Vietnam–Ohio Business Networking Event which took place in Ohio, the U.S., on June 4.

Many Vietnamese businesses have connected with partners from Ohio to promote the import of products such as raw wood, fruits, and meat.

Ohio was the second stop in the U.S. working trip from June 1–7 by a delegation of the Ministry of Agriculture and Environment, along with agricultural associations and businesses, led by Minister of Agriculture and Environment Do Duc Duy.

Earlier, on June 2, Vietnamese enterprises and associations, together with those from the U.S. state of Iowa, signed five Memorandums of Understanding (MoUs) with a total value of approximately $800 million within three years.

During the trip, the Vietnamese delegation is expected to sign MoUs to purchase U.S. agricultural products with a total value of over $2 billion.

-Vân Nguyễn

The committee shall assist the Prime Minister in directing and resolving general tasks related to the implementation of national target programs in the period of 2021 - 2025.

A central steering committee for national target programs for the period 2021 - 2025 (Central Steering Committee) has been established under Prime Ministerial Decision No. 1061/QD-TTg, dated June 2, 2025.

The Central Steering Committee is headed by Permanent Deputy Prime Minister Nguyen Hoa Binh, while Deputy Prime Ministers Tran Hong Ha, Mai Van Chinh, and Le Thanh Long serve as deputy heads

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.

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.

-Vân Nguyễn

Facing uncertainty over US tariff policies, many seafood companies have adjusted their market strategies, focusing on diversification and value-added processing.

After months of strong growth since the beginning of the year, Vietnam's seafood exports showed signs of slowing in May 2025, reaching $851 million, a modest 2.7% year-on-year increase, marking the lowest growth rate since the start of 2025, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Cumulatively, the seafood export turnover in the first 5 months of the year stood at $4.2 billion, a year-on-year increase of 18.2%.

Ms. Le Hang, Deputy Secretary General of VASEP, explained that the slowdown was largely influenced by the US government’s announcement in April 2025 of a temporary 10% tariff on many Vietnamese imports, including seafood.

In response, Vietnamese seafood exporters rushed to accelerate shipments to the US in April and early May to avoid potential tariff hikes, which could climb to 46% after July 9, 2025, when the 90-day US tariff suspension come to an end.

As a result, seafood export turnover to the US in May 2025 still reached nearly $160 million, reflecting a 9.7% increase year-on-year.

However, a feedback from businesses suggests shipping activities slowed after May 20, as companies sought to mitigate trade risks amid rising costs, market volatility, and policy uncertainty, which ultimately impacted May’s overall export value.

Facing uncertainty over US tariff policies, many seafood companies have adjusted their market strategies, focusing on market diversification and value-added processing.

As a result, exports to CPTPP markets—including Japan, Canada, and Mexico—maintained strong growth momentum, reaching $224 million in May 2025, a 7.9% increase year-on-year, bringing the cumulative five-month total export value to these markets to $1.15 billion, representing a 24.3% increase year-on-year.

“Many seafood companies are actively developing value-added product lines, such as fish balls, marinated fish, canned fish, and collagen extracted from by-products,” said Ms. Hang, noting that these products cater to niche markets and the growing demand for convenience, especially in major Asian cities.

Exports to mainland China and Hong Kong (China) also saw impressive growth, with May exports nearing $185 million and the five-month total exceeding $900 million, marking increases of 22.3% and 48.6%, respectively.

According to VASEP, export activity to the US will remain cautious until July, when the final tariff rates for certain Vietnamese products will be determined. 

-Chu Khôi

The State Bank of Vietnam has introduced an action plan to ensure sustainability within the country’s financial system.

At a workshop entitled “Promoting the Implementation of the Banking Sector’s Action Plan to Implement the National Strategy on Green Growth for the 2021-2030 Period”, jointly held in Hanoi on May 21 by the State Bank of Vietnam (SBV), German Development Cooperation (GIZ), and the International Finance Corporation (IFC), Ms. Pham Thi Thanh Tung, Deputy Director General of the Department of Credit for Economic Sectors at the SBV, revealed that the central bank has laid out a comprehensive action plan featuring a suite of targeted solutions aimed at embedding sustainability across the financial system.

The roadmap includes refining the legal and credit policy framework to support green growth, fostering international partnerships to mobilize resources, and using digital transformation in the banking sector as a path towards sustainable development. Alongside such efforts, the SBV is also working to build a skilled, green-literate workforce, boost public awareness through communication efforts, and establish a unified green finance forum. Public procurement is also in focus, with strategies to promote greener consumption.

Ramping up green finance

In collaboration with the IFC, the SBV has drafted a circular guiding environmental risk assessments for three categories of high-risk projects. It has also proposed a preferential credit mechanism for green sectors such as organic farming and the circular economy, now under review by the government. Among the initiatives already in motion is a large-scale project to cultivate 1 million ha of high-quality, low-emission rice in the Mekong Delta.

Representatives from international organizations attending the workshop praised Vietnam’s steady progress in building a sustainable financial architecture. The country stands out for its focus on green credit, adherence to ESG (environment, social, and governance) standards, and emphasis on environmental and climate risk management.

However, challenges remain. Ms. Tung noted that green finance efforts are currently concentrated within State-owned and a few large joint stock banks, leaving many institutions behind. Despite a 21.2 per cent annual growth rate in green credit, it still represents a relatively small slice of total lending. As of now, only 58 of the 83 credit institutions in the country have reported green loan portfolios.

One of the biggest hurdles, according to the SBV, is the absence of a standardized green taxonomy. Without a consistent classification system, banks lack the legal framework needed to assess and approve green loan applications. Other constraints include limited access to international green financing, as only 20 domestic institutions have tapped into such sources, and a lack of environmental impact data from borrowers, which hampers proper risk assessments. Balancing capital sources is also problematic under existing regulations that limit the use of short-term funds for long-term loans, while high international capital costs also pose a barrier.

Looking ahead, once the national green taxonomy receives official approval, the SBV intends to propose interest rate support mechanisms for green or ESG-aligned projects. The central bank will also seek to ramp up international fundraising and provide targeted training to credit institutions to enhance capacity.

The SBV has urged continued commitment to the green growth action plan, encouraging institutions to regularly review progress and report difficulties to ensure timely policy support, contributing to more effective, system-wide implementation of Vietnam’s green growth agenda.

Associate Professor Nguyen Dinh Tho, Deputy Director of the Institute of Strategy and Policy on Agriculture and Environment at the Ministry of Agriculture and Environment, emphasized that developing a national green taxonomy is a cornerstone for both Vietnam’s banking system and its broader economy as the country shifts towards sustainable development and climate resilience.

Vietnam’s green taxonomy draws from international standards, including those of the EU, the IFC, and the World Bank, and centers on three global challenges: climate change, environmental pollution, and biodiversity loss.

According to Associate Professor Tho, three options were explored during the development of a green certification mechanism.

The first would assign responsibility to State environmental authorities, ensuring legal consistency and risk control. However, this could strain administrative capacity and contradict efforts to streamline bureaucracy.

The second option proposed allowing independent organizations that meet certain qualifications to handle certifications. This aligns with international practice and avoids creating new administrative burdens but raises concerns over legal clarity and quality control.

And the third approach considered allowing credit institutions or bond market regulators to conduct certifications themselves, integrating the process into existing financial reviews and reducing costs. But this route lacks environmental expertise and independent oversight.

Ultimately, the government opted for a pragmatic solution: allowing the beneficiaries of green incentives to be responsible for certifying their compliance with green criteria. They could also engage qualified third-party consultants to do so. The new draft regulation also incorporates international standards and threshold benchmarks to assist credit institutions in their evaluation and lending processes, moving Vietnam’s financial system closer to being transparent, efficient, and truly sustainable.

Lessons from Germany

In an era increasingly defined by globalization and climate change, sustainable finance has become a cornerstone in the development strategies of leading financial institutions, said Mr. Adam Cotter, Senior Vice President and Senior Executive Banking at DZ Bank’s Singapore branch. DZ Bank is the second-largest bank in Germany and has clearly identified sustainable finance not as a fleeting trend but as a long-term strategic imperative.

One notable highlight of its strategy is its proactive approach to assessing the transition potential of clients. Beyond simply offering green financial products, the bank develops supportive tools that empower businesses to build their own sustainable bond frameworks (FrameNow), identify suitable investors (ESG Locate), and evaluate ESG performance using a specialized KPI Library.

The bank also utilizes an internal ESG scoring matrix based on criteria such as greenhouse gas emissions, social impact, and transition readiness. This modern data governance system enables informed credit assessments and responsible investment decisions.

Moreover, DZ Bank continually aligns with international ESG standards from the EU and IFC to ensure its environmental and social evaluation processes stay in sync with global best practices. Importantly, the bank is not only focused on compliance but also plays an active role in shaping national regulatory frameworks.

DZ Bank’s experience underscores the importance of embedding ESG and sustainable finance into the core strategies of financial institutions, not just to meet international standards but to drive responsible and resilient growth.

For financial institutions in Vietnam, including credit organizations, the path forward requires strengthening internal capabilities in sustainable risk assessment, conducting climate stress testing, and disclosing ESG information in line with global norms. These efforts lay the groundwork for developing green financial instruments such as sustainable bonds, loans linked to environmental and social targets, and other products that support the green transition.

 

On October 1, 2021, the Prime Minister introduced Decision No. 1658/QD-TTg, which approved the National Green Growth Strategy for the 2021-2030 Period, with a Vision towards 2050. The strategy outlines key tasks for the banking sector, including:

- Reforming the banking and credit system to support green banking and credit, while pushing for digital transformation within the industry;
- Implementing preferential credit policies to foster the development of green investment projects;
- Strengthening the financial and credit capacities of institutions to effectively mobilize and allocate resources for sustainable projects; and 

- Fostering the development of a skilled workforce within the banking sector to meet green growth objectives and ensure transparency and accountability in reporting progress.

 

 

#box1749176157231{background-color:#b6c9b7}

-Kỳ Phong

The State Bank of Vietnam has introduced an action plan to ensure sustainability within the country’s financial system.

At a workshop entitled “Promoting the Implementation of the Banking Sector’s Action Plan to Implement the National Strategy on Green Growth for the 2021-2030 Period”, jointly held in Hanoi on May 21 by the State Bank of Vietnam (SBV), German Development Cooperation (GIZ), and the International Finance Corporation (IFC), Ms. Pham Thi Thanh Tung, Deputy Director General of the Department of Credit for Economic Sectors at the SBV, revealed that the central bank has laid out a comprehensive action plan featuring a suite of targeted solutions aimed at embedding sustainability across the financial system.

The roadmap includes refining the legal and credit policy framework to support green growth, fostering international partnerships to mobilize resources, and using digital transformation in the banking sector as a path towards sustainable development. Alongside such efforts, the SBV is also working to build a skilled, green-literate workforce, boost public awareness through communication efforts, and establish a unified green finance forum. Public procurement is also in focus, with strategies to promote greener consumption.

Ramping up green finance

In collaboration with the IFC, the SBV has drafted a circular guiding environmental risk assessments for three categories of high-risk projects. It has also proposed a preferential credit mechanism for green sectors such as organic farming and the circular economy, now under review by the government. Among the initiatives already in motion is a large-scale project to cultivate 1 million ha of high-quality, low-emission rice in the Mekong Delta.

Representatives from international organizations attending the workshop praised Vietnam’s steady progress in building a sustainable financial architecture. The country stands out for its focus on green credit, adherence to ESG (environment, social, and governance) standards, and emphasis on environmental and climate risk management.

However, challenges remain. Ms. Tung noted that green finance efforts are currently concentrated within State-owned and a few large joint stock banks, leaving many institutions behind. Despite a 21.2 per cent annual growth rate in green credit, it still represents a relatively small slice of total lending. As of now, only 58 of the 83 credit institutions in the country have reported green loan portfolios.

One of the biggest hurdles, according to the SBV, is the absence of a standardized green taxonomy. Without a consistent classification system, banks lack the legal framework needed to assess and approve green loan applications. Other constraints include limited access to international green financing, as only 20 domestic institutions have tapped into such sources, and a lack of environmental impact data from borrowers, which hampers proper risk assessments. Balancing capital sources is also problematic under existing regulations that limit the use of short-term funds for long-term loans, while high international capital costs also pose a barrier.

Looking ahead, once the national green taxonomy receives official approval, the SBV intends to propose interest rate support mechanisms for green or ESG-aligned projects. The central bank will also seek to ramp up international fundraising and provide targeted training to credit institutions to enhance capacity.

The SBV has urged continued commitment to the green growth action plan, encouraging institutions to regularly review progress and report difficulties to ensure timely policy support, contributing to more effective, system-wide implementation of Vietnam’s green growth agenda.

Associate Professor Nguyen Dinh Tho, Deputy Director of the Institute of Strategy and Policy on Agriculture and Environment at the Ministry of Agriculture and Environment, emphasized that developing a national green taxonomy is a cornerstone for both Vietnam’s banking system and its broader economy as the country shifts towards sustainable development and climate resilience.

Vietnam’s green taxonomy draws from international standards, including those of the EU, the IFC, and the World Bank, and centers on three global challenges: climate change, environmental pollution, and biodiversity loss.

According to Associate Professor Tho, three options were explored during the development of a green certification mechanism.

The first would assign responsibility to State environmental authorities, ensuring legal consistency and risk control. However, this could strain administrative capacity and contradict efforts to streamline bureaucracy.

The second option proposed allowing independent organizations that meet certain qualifications to handle certifications. This aligns with international practice and avoids creating new administrative burdens but raises concerns over legal clarity and quality control.

And the third approach considered allowing credit institutions or bond market regulators to conduct certifications themselves, integrating the process into existing financial reviews and reducing costs. But this route lacks environmental expertise and independent oversight.

Ultimately, the government opted for a pragmatic solution: allowing the beneficiaries of green incentives to be responsible for certifying their compliance with green criteria. They could also engage qualified third-party consultants to do so. The new draft regulation also incorporates international standards and threshold benchmarks to assist credit institutions in their evaluation and lending processes, moving Vietnam’s financial system closer to being transparent, efficient, and truly sustainable.

Lessons from Germany

In an era increasingly defined by globalization and climate change, sustainable finance has become a cornerstone in the development strategies of leading financial institutions, said Mr. Adam Cotter, Senior Vice President and Senior Executive Banking at DZ Bank’s Singapore branch. DZ Bank is the second-largest bank in Germany and has clearly identified sustainable finance not as a fleeting trend but as a long-term strategic imperative.

One notable highlight of its strategy is its proactive approach to assessing the transition potential of clients. Beyond simply offering green financial products, the bank develops supportive tools that empower businesses to build their own sustainable bond frameworks (FrameNow), identify suitable investors (ESG Locate), and evaluate ESG performance using a specialized KPI Library.

The bank also utilizes an internal ESG scoring matrix based on criteria such as greenhouse gas emissions, social impact, and transition readiness. This modern data governance system enables informed credit assessments and responsible investment decisions.

Moreover, DZ Bank continually aligns with international ESG standards from the EU and IFC to ensure its environmental and social evaluation processes stay in sync with global best practices. Importantly, the bank is not only focused on compliance but also plays an active role in shaping national regulatory frameworks.

DZ Bank’s experience underscores the importance of embedding ESG and sustainable finance into the core strategies of financial institutions, not just to meet international standards but to drive responsible and resilient growth.

For financial institutions in Vietnam, including credit organizations, the path forward requires strengthening internal capabilities in sustainable risk assessment, conducting climate stress testing, and disclosing ESG information in line with global norms. These efforts lay the groundwork for developing green financial instruments such as sustainable bonds, loans linked to environmental and social targets, and other products that support the green transition.

 

On October 1, 2021, the Prime Minister introduced Decision No. 1658/QD-TTg, which approved the National Green Growth Strategy for the 2021-2030 Period, with a Vision towards 2050. The strategy outlines key tasks for the banking sector, including:

- Reforming the banking and credit system to support green banking and credit, while pushing for digital transformation within the industry;
- Implementing preferential credit policies to foster the development of green investment projects;
- Strengthening the financial and credit capacities of institutions to effectively mobilize and allocate resources for sustainable projects; and 

- Fostering the development of a skilled workforce within the banking sector to meet green growth objectives and ensure transparency and accountability in reporting progress.

 

 

#box1749176157231{background-color:#b6c9b7}

-Kỳ Phong

Singapore tops the list of 65 investing countries and territories.

Vietnam attracted nearly $18.4 billion of FDI capital in the first five months of 2025, representing a remarkable increase of 51% compared to the same period last year, according to the Ministry of Finance’s Foreign Investment Agency (FIA).

Of the total, over $7.02 billion came from 1,549 newly licensed  projects, down 13.2% year-on-year in value, but up 14% in volume.

Meanwhile, 672 capital-added projects contributed an additional $8.51 billion, surging 28% year-on-year in volume and more than 3.4 times the value of the same period last year.

In addition, foreign investors conducted 1,358 capital contribution and share purchase transactions, a 6.6% rise year-on-year, with the total value increasing to over $2.85 billion – 1.8 times the figure of the previous year.

Disbursement of FDI reached $8.9 billion, marking a new record of disbursement in the five-month period over the past five years, soaring 7.9% year-on-year.

Among 65 countries and territories investing in Vietnam in the five-month period, Singapore took the lead with $2.12 billion, accounting for 30.2% of the total newly-registered capital. It was followed by China with $1.81 billion, accounting for 25.8%; and Japan with $753.4 million, accounting for 10.7%.

 

-Anh Nhi

It also positions Vietnam as the first country in the world to introduce low-emission rice to the international market.

The Vietnam Rice Sector Association (VIETRISA), in collaboration with Trung An Hi-tech Agriculture Joint Stock Company, held a ceremony in Can Tho City on June 5 to celebrate the export of a 500-ton shipment of "Low-emission Green Vietnamese Rice" to Japan, at a price of $820 per ton.

This marks a historic turning point for Vietnam's agricultural sector, highlighting advancements in sustainable rice production under the "1 Million Hectares of High-Quality, Low-Emission Rice" project, currently underway in the Mekong Delta.

It also positions Vietnam as the first country in the world to introduce low-emission rice to the international market.

According to VIETRISA, the "Low-emission Green Vietnamese Rice" label was developed with support from the Ministry of Agriculture and Environment and key international organizations, including: the International Rice Research Institute (IRRI), the Netherlands Development Organisation (SNV), and the World Bank (WB).

The label is granted to rice products that meet stringent technical requirements under the project. Certification is provided by local agricultural authorities or specialized international organizations, ensuring traceability of origin, including place of production, rice variety, and crop season, while adhering to high-quality, low-emission production standards.

Following the issuance of brand regulations, VIETRISA certified seven companies with the right to use the "Low-emission Green Vietnamese Rice" label, covering a total volume of approximately 20,000 tons. 

Deputy Minister of Agriculture and Environment Tran Thanh Nam emphasized that this achievement reflects a transformative shift in farmers' mindsets, from traditional agricultural production to a dynamic agricultural economy.

It also reinforces the vital role of the rice industry in the Mekong Delta, solidifying Vietnam's leadership in sustainable agricultural practices.

-Phạm Long

The project covers a total area of approximately 163 ha, located in Ninh Khanh Ward and Ninh Khang Commune, Hoa Lu City.

The Department of Finance of the northern province of Ninh Binh has issued a call for investors to develop an ecological urban area project, east of Hoa Lu City.

This is considered one of the largest-scale projects in the region, with a total investment capital exceeding VND16.44 trillion ($628.5 million), with an implementation period scheduled from 2025 to 2032.

The project covers a total area of approximately 163 ha, located in Ninh Khanh Ward and Ninh Khang Commune, Hoa Lu City.

According to the plan, this area is envisioned as an ecological urban area with integrated technical and social infrastructure, harmonious with the landscape of the ancient capital region.

The majority of the planned area is currently agricultural land belonging to local residents, including rice paddies, fruit orchards, and other crops. Site clearance has not yet been carried out; however, 2,900 sq.m of resettlement land is planned to be allocated for compensation and support in accordance with regulations.

The project will provide a total of 7,661 housing units.

-Nguyễn Thuấn

The goal is to ensure a stable clean water supply for residents. since over 25% of the suburban population still rely on substandard mini water plants.

The Department of Construction of the northern port city of Hai Phong has proposed an investment capital estimated at over VND25 trillion (over $958.7 millon) to construct and upgrade infrastructure systems and centralized clean water production plants from now until 2040.

The goal is to ensure a stable clean water supply for residents and address the issue of over 25% of the suburban population still relying on substandard mini water plants.

An assessment by the City Department of Health found that 94.4% of the rural population currently uses water from water plants, with 20% relying on mini water plants that operate at moderate to poor standards.

Additionally, 5.6% use water from small-scale sources where quality is not monitored.

To improve water infrastructure, Hai Phong plans to construct two new water plants—the Le Thien Water Plant in An Dương district and the Luu Kiem Water Plant in Thuy Nguyen city—while increasing the capacity of 10 existing water plants from 436,150 m³/day to 1,349,600 m³/day.

The Vinh Bao 2 Water Plant will be converted into a booster pumping station, and a synchronized water supply system will be built for Cat Hai island, with a total estimated cost of over VND4.848 trillion (nearly $186 million).

The Construction Department also proposes allocating around VND2.387 trillion ($91.5 million) to build a network of 23 booster pumping stations, ensuring sufficient water resources for densely populated areas and industrial zones.

To further safeguard water quality, Hai Phong will invest in constructing salinity control dams on the Thai Binh, Van Uc, Lach Tray, and Hoa rivers to prevent saltwater intrusion and secure freshwater sources upstream.

-Nam Khánh

Construction investment procedures are set to be completed in the fourth quarter of 2025.

VSIP Nghe An Co., Ltd. has recently proposed the VSIP Nghe An - Casa Bonita Residential Area project, which is part of the overall master plan for the VSIP Nghe An Industrial, Urban, and Service Park.

According to the proposal, the VSIP Nghe An - Casa Bonita Residential Area will cover a total area of nearly 32 ha in Hung Nguyen district and Vinh city, in the north central province of Nghe An.

The main objective of the project is to invest in constructing residential areas for real estate business, while also operating and managing related facilities to serve the residential and commercial needs of its inhabitants.

Additionally, the project will also involve transferring, leasing, or contributing capital through land use rights and assets attached to the land, in accordance with legal regulations.

The total investment capital for the project is estimated at approximately VND2.241 trillion ($82.9 million). According to the plan, construction investment procedures are set to be completed in the fourth quarter of 2025.

Construction is expected to commence in the first quarter of 2026, and the project is slated for operation and exploitation by the fourth quarter of 2029. The project's operational period is set to last until 2065.

-Nguyễn Thuấn

The events are expected to bring together over 200 businesses from more than 10 countries and anticipate attracting over 10,000 trade visitors.

The 17th Vietnam Manufacturing Expo (VME) and the 11th Vietnam-Japan Supporting Industries Exhibition (SIE) will take place from August 6-8, 2025, at the L.C.E. Hanoi Exhibition Center.

The two events are expected to bring together over 200 businesses from more than 10 countries and anticipate attracting over 10,000 trade visitors.

VME and SIE 2025 are not merely trade promotion events but also crucial tools for fostering the development of the supporting industry ecosystem, creating high-quality jobs, and strengthening Vietnam's position in the global value chain.

This year's exhibitions will focus on key solutions such as digital transformation, flexible automation, zero-emission manufacturing, and digital supply chains – factors considered vital for the future of Vietnam's manufacturing sector.

These events are organized by the Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade, and the Japan External Trade Organization (JETRO) – Hanoi Representative Office, in collaboration with RX Tradex Vietnam.

-Vũ Khuê

JETRO's latest survey revealed that Japanese enterprises operating in Vietnam—including local supporting industry enterprises—achieved a localization rate of 36.6%, comparable to Malaysia and the Philippines.

By the end of 2024, Vietnam's supporting industries had expanded significantly, with over 6,000 active enterprises operating across key sectors, including textiles and garments, auto manufacturing and assembly, footwear, mechanical engineering, and electronics.

This development has played a crucial role in boosting Vietnam’s trade surplus, which surged from $2 billion in 2017 to over $28 billion in 2024, according to Mr. Vu Ba Phu, Director General of the Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade.

Despite this progress, the supporting industry meets only about 10% of domestic demand for components, posing a significant challenge.

"This figure is a major challenge, especially as Vietnam has to import billions of US dollars worth of components annually to serve domestic production," noted Mr. Phu.

Japan remains one of Vietnam’s leading investment partners in manufacturing and high-tech industries. In the past decade, Japanese direct investment in Vietnam reached $3.5 billion in 2024, ranking fifth in total investment value.

According to Mr. Haruhiko Ozasa, Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi, JETRO's latest survey revealed that Japanese enterprises operating in Vietnam—including local supporting industry enterprises—achieved a localization rate of 36.6%, comparable to Malaysia and the Philippines.

However, when focusing solely on Vietnamese enterprises, their supply rate to Japanese businesses stood at 15.7%, reflecting a 1.5 percentage point decline from the previous year. Over the last decade, this figure has remained relatively unchanged, lagging behind Indonesia, Thailand, and Malaysia while remaining comparable to the Philippines.

JETRO’s survey also found that 56.1% of Japanese companies in Vietnam plan to expand investment within the next one to two years, surpassing the ASEAN average of 37.7%.

While Vietnam ranks behind India and Pakistan, it leads ASEAN in terms of investment expansion.

Moreover, 50.9% of Japanese firms intend to increase procurement within Vietnam, the highest rate among ASEAN nations. Industries such as electrical equipment and electronics, textiles and garments, and machinery have expressed strong demand for local suppliers.

To further increase the localization rate, Mr. Phu emphasized the need for enterprise proactivity, along with supportive government policies.

“Vietnamese businesses must monitor international market trends and adopt modern governance and internal control models to align with global standards,” he said.

“Additionally, embracing trends such as digital transformation and green transition will be essential in meeting foreign enterprises' requirements.

Key strategies such as automation, new technology adoption, and process optimization will enhance productivity, helping businesses meet international quality standards.”

The JETRO’s leadership also highlighted the importance of Vietnam improving its business investment environment to provide more favorable conditions for enterprises, thereby ensuring higher profitability. One crucial factor in achieving this goal is the enhancement of Vietnam’s localization rate.

-Vũ Khuê

Measures to be taken to ensure power supply for production, business activities and people's daily life.

Prime Minister Pham Minh Chinh has required relevant ministries, sectors, agencies and localities to take drastic and effective measures to ensure sufficient supply of electricity, especially during peak months of 2025 and beyond.

In Official Dispatch No.81/CD-TTg, dated June 3, 2025, PM Chinh asked for accelerating the implementation of the recently adjusted National Power Development Plan VIII, keep close watch over the operation conditions of hydropower plants, coal- and gas-fired power plants , and wind and solar power plants to improve their efficiency and increase their contributions to overall power supply.

Provincial and municipal authorities must take proactive steps to resolve local regulatory and procedural issues affecting energy projects.

PM Chinh requested that Nhon Trach 3 Thermal Power Plant must be put into operation in June 2025, and Nhon Trach 4 Thermal Power Plant in August 2025. Unit 1 of the Quang Trach 1 Thermal Power Plant project must be connected with the national grid on August 19, 2025. 

The Hoa Binh Hydropower Plant Expansion Project must be completed before August 19, 2025, and put it into operation in September 2025.

Construction progress of the 500kV Lao Cai–Vinh Yen power transmission line project must be accelerated and inaugruated on August 19, 2025, along with the 500kV Hai Phong–Thai Binh and 220kV Than Uyen–Lao Cai transmission line projects.

 

-Huyền Vy

Japan remains top importer of manpower from Vietnam, recruiting 29,902 workers, followed by Taiwan with 22,132 workers and South Korea with 4,977 workers.

As many as 61,631 workers found jobs abroad in January-May period, equivalent to 47.4 per cent of this year's target, the Government News quoted  the Department of Overseas Labor under the Ministry of Home Affairs as reporting.

In the reviewed period, Japan remained the top importer of manpower from Viet Nam, recruiting 29,902 workers, followed by Taiwan with 22,132 workers and South Korea with 4,977 workers.

Other destinations for Vietnamese workers included China (1,242 workers), Singapore (852 workers), Romania (317 workers) and Hungary (507 workers).

In May alone, 13,750 laborers left Vietnam for overseas employment, with Japan, Taiwan, and South Korea as the largest recipients, accepting 5,544; 6,595; and 735 workers, respectively.

Vietnam set a target to send 130,000 laborers abroad under contractual agreements this year.

More than 700,000 Vietnamese workers are currently employed abroad under contracts, earning stable incomes and sending significant remittances worth approximately $3.5–4 billion per year to the homeland.

From 2021 to 2024, nearly 500,000 Vietnamese travelled to work abroad. In 2024 alone, the nation sent about 150,000 workers to work overseas.

-Phạm Long

In the period, some158 foreign service providers paid taxes worth VND5.7 trillion ($217 million).

Organizations and individuals engaging in e-commerce and other digital economic activities paid taxes worth total VND74.4 trillion ($2.85 billion) in the first five months of 2025, up 55% year-on-year, according to the Ministry of Finance.

In the period, some 158 foreign service providers have registered, declared, and paid taxes through the Department of Taxation’s electronic portal, contributing VND5.7 trillion ($217 million), increasing 41% compared to the same period last year.

Around 100,000 business households and individual entrepreneurs used the designated e-tax portal to register, declare, and pay nearly VND1.1 trillion ($41.9 million) in taxes.

Nearly 93,000 domestic organizations and individuals engaging in e-commerce activities paid taxes worth VND67.6 trillion ($2.58 billion).

 

-Mỹ Văn

During the session held on June 4, the two sides reviewed the implementation of the tasks following the second round of the technical-level negotiations and discussed the orientation for the upcoming technical negotiation round.

A ministerial-level negotiation session on a reciprocal trade agreement between Vietnam, the U.S. was held  in Paris, France, on June 4, according to a report from the Government News.

The two delegations were headed by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and U.S. Trade Representative Jamieson Greer, respectively.

The session is part of the two countries' efforts to reach a reciprocal trade agreement between the two sides.

During the session, the two sides reviewed the implementation of the tasks following the second round of the technical-level negotiations and discussed the orientation for the upcoming technical negotiation round.

Minister Dien briefed about the key points in Vietnam's response documents regarding the additional issues raised by the U.S., affirming Vietnam's determination and goodwill in seeking for common grounds with the U.S.

He also suggested the U.S. reply to the issues raised by the Vietnamese side.

For his part, Mr. Greer spoke highly of Vietnam's goodwill and approach in handling the issues concerned by the U.S., and acknowledged the efforts and constructive spirit of the Vietnamese negotiation delegation.

As Vietnam is a comprehensive strategic partner of the U.S., reaching an agreement with Vietnam on reciprocal tax policies is important not only for Vietnam but also for the U.S., he noted.

Both sides pledged to accelerate the pace of negotiations, with a particular focus on maximizing efforts to achieve the best possible outcome in the third round of technical-level negotiations.

They also agreed to assign their technical teams to intensify exchanges via online working sessions, in order to resolve as many outstanding technical issues as possible and create strong momentum for the third technical negotiation round, which is expected to take place in the first half of June 2025.

The two sides committed to enhancing close coordination and expressed their willingness to conduct further ministerial-level discussions to advance the negotiation process toward a mutually beneficial outcome.

-Vân Nguyễn

The event attracting 4,000 participants and 100 speakers from domestic and international giant tech firms.

The Vietnam Blockchain and Artificial Intelligence Week 2025 – Super Vietnam 2025 opened in central Da Nang city on June 4.

The event aims to connect and attract domestic and international resources to foster the development of the blockchain and AI ecosystem in Vietnam, and take advantage of the sandbox mechanism and support policies of the Government, thus contributing to the systematic development of blockchain and AI.

The week features various activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.

The event attracted more than 4,000 participants and 100 domestic and international speakers coming from major technology groups in the world such as Google, Qualcomm, Viettel, Ethereum Foundation, and SUI Foundation.

As part of the event, the Super Vietnam Expo features nearly 30 booths showcasing innovative projects and technologies from leading Vietnamese and international enterprises in blockchain, AI, data, and fintech.

The week also includes parallel events such as deal-making sessions, job fairs, tech tours, and talent incubation program signings.

 

 

 

-Ngô Anh Văn

Vietnamese façade contractor BM Windows completes Canada’s first supertall and begins work on Sydney’s 55 Pitt Street skyscraper. The final panel installation moment gathered investors, contractors, and designers from Canada, alongside BM Windows’ production and installation team for One Bloor West (The One Toronto).

BM Windows, a major Vietnamese façade contractor, has wrapped up work on the final panel of the One Bloor West project (previously known as The One Toronto). The project marks an important milestone as the company extends its footprint in high-rise markets such as North America and Australia.

First supertall project in Canada completed ahead of schedule

After nearly two years of involvement, BM Windows recently completed the final panel for One Bloor West, Canada’s first building to exceed 300 meters in height with 85 floors. The early delivery of production, while adhering to technical specifications and investor expectations, reflects a growing capability to handle large-scale, technically demanding international projects.

The project’s investor awarded BM Windows a quality certificate, recognizing the company’s performance. As the supplier and manufacturer of the façade system, BM Windows was commended for its technical proficiency, streamlined processes, and adherence to international standards.

Navigating stringent technical demands

With 6,720 façade panels produced and installed, One Bloor West ranks among the most technically complex projects BM Windows has taken on. Designed by Foster + Partners, the building incorporates advanced requirements for wind resistance, climate resilience, and structural precision based on ASTM International standards.

BM Windows took on full responsibility for manufacturing and supplying the façade system for this project. In this role, the company was accountable for material quality and scheduling, and played a direct part in bringing the complex technical design standards to life. Their end-to-end involvement, from technical design and fabrication to installation, demonstrates the comprehensive capabilities of a Vietnamese contractor within the global supply chain for supertall buildings. This solid foundation has earned BM Windows continued trust on many other highly complex international projects.

Close-up of the façade currently under installation in Canada

“As of now, BM Windows’ technology and technical expertise have fully met the most complex project requirements worldwide. We confidently deliver façade solutions that conquer the highest challenges in design, technical standards, and quality in the most demanding markets globally,” shared Mr. Tran Van Tien, CEO of BM Windows.

The Sydney follow-up: 55 Pitt Street

Following its work on One Bloor West, BM Windows has been selected to contribute to the 55 Pitt Street project in central Sydney. Positioned in the city’s financial district, the 55-storey tower, rising to 238.1 meters, is designed by SHoP Architects in collaboration with Woods Bagot and Prism Facades.

The development aims to meet leading sustainability certifications, including NABERS Energy, WELL Core Shell Platinum, and 6-Star Green Star.

The 55 Pitt Street sitting at the heart of Sydney

In its role as façade design supplier, BM Windows has been involved in the research and development of technical solutions from the very beginning. BM Windows’ international experts, together with their engineering team, traveled to Australia to work closely with the investor and design units to fully understand local requirements, technical standards, and the characteristics of the native climate. From there, they proposed optimal solutions that ensure technical efficiency, aesthetics, and sustainability.

Growth across markets

Back in Vietnam, BM Windows is working on several prominent developments, including the Skylight glass dome at the heart of Long Thanh International Airport. Covering over 11,000 sq m and composed of more than 5,400 non-uniform shaped triangular panels, this is considered one of the most technically challenging components of the airport, slated for completion by late 2025.

The company is also contributing to other major domestic projects such as The Marc 88, Lumi Hanoi, Lotus HCM, and OSI Tower.

The participation and successful completion of high-tech engineering packages in landmark projects across North America and Australia by a Vietnamese company like BM Windows is a positive signal, not only for the construction sector but also for the broader domestic industrial manufacturing value chain. As global markets increasingly impose stricter requirements on technical standards, timelines, and environmental compliance, BM Windows’ presence in projects such as One Bloor West and 55 Pitt Street marks a significant advancement in both execution strength and adaptability for Vietnamese enterprises.

-Diep Linh