The temporary halt intended to give ministries, sectors and local authorities more time to prepare for the rollout of Decree 46, while ensuring smooth production and business operations.

The Government has decided to temporarily suspend the implementation of Decree No. 46/2026/ND-CP until April 15, which details several provisions and enforcement measures under the Law on Food Safety.

The decision follows concerns that the decree’s enforcement could disrupt food imports, exports and domestic supply chains.

The suspension also covers Resolution No. 66.13/2026/NQ-CP of the Government on the announcement and registration of food products.

Both legal documents will take effect again from April 15.

During the suspension period, Decree No. 15/2018/NĐ-CP (dated February 2, 2018) and its guiding documents will remain in force, continuing to govern the implementation of food safety regulations.

The temporary halt is intended to give ministries, sectors and local authorities more time to prepare for the rollout of Decree 46, while ensuring smooth production and business operations.

The Government has assigned the Ministry of Health, Ministry of Agriculture and Environment, Ministry of Industry and Trade, and Ministry of Finance, along with other relevant agencies and localities, to coordinate preparations to ensure the effective enforcement of Decree 46 and Resolution 66.13 once they come back into force.

VnEconomy-Nguyệt Hà

General Secretary To Lam’s selection of Laos as the first country to visit in his capacity as General Secretary of the 14th CPV Central Committee, together with this state visit - joined by Prime Minister Pham Minh Chinh and National Assembly Chairman Tran Thanh Man - holds special significance in the history of relations between the two countries.

Party General Secretary To Lam and a high-ranking Vietnamese delegation on February 5 concluded a successful state visit to Laos at the invitation of General Secretary of the Central Committee of the Lao People’s Revolutionary Party and President Thongloun Sisoulith, according to a report from the Vietnam News Agency.

Prime Minister Pham Minh Chinh and National Assembly Chairman Tran Thanh Man joined the high-ranking delegation.  

During the visit, General Secretary Lam held talks with General Secretary and President Thongloun Sisoulith; met with Prime Minister Sonexay Siphandone and National Assembly President Saysomphone Phomvihane; and received President of the Lao Front for National Construction Kikeo Khaykhamphithoune.

He witnessed the signing and exchange of cooperation documents; briefed the Lao side on the results of the 14th National Congress of the Communist Party of Vietnam; and visited the Vietnamese Embassy in Laos and met with the Vietnamese community there.

He also laid a wreath at the Monument to the Unknown Soldiers; attended a traditional wrist-tying ceremony; and participated in a state banquet hosted by the Lao Party General Secretary and President.

On this occasion, Prime Minister Pham Minh Chinh met with Lao Prime Minister Sonexay Siphandone, while National Assembly Chairman Tran Thanh Man met with his Lao counterpart Saysomphone Phomvihane. Leaders of several ministries and agencies of the two countries also held meetings to exchange information and strengthen bilateral cooperation.

At the meetings, both sides expressed their satisfaction with the deep, effective, and substantive progress achieved in Vietnam–Laos cooperation in recent years, emphasizing that these outcomes have not only directly contributed to each country’s development but have also made positive contributions to peace, stability, and development in the region.

The two sides agreed that alongside the positive results achieved so far, and based on existing agreements and cooperation mechanisms, they will continue to renew cooperation modalities and improve quality and effectiveness in a more substantive manner; closely link strategic vision with concrete actions; and further strengthen strategic coordination between the two Parties and the two States.

Based on major long-term strategic orientations, the two sides will continue to enhance information exchange and share experience in implementing the resolutions of each Party’s congress. At the same time, they will strengthen economic connectivity, priorities resources, closely coordinate, and resolutely implement strategic projects to create new momentum for economic, trade, investment, and regional development cooperation, striving to raise bilateral trade turnover to 10 billion USD in the coming period. Cooperation in education and training and human resource development, particularly high-quality human resources, was emphasized as a strategic and long-term pillar of bilateral cooperation.

In addition, the two sides agreed to further promote cultural and people-to-people exchanges, especially among the younger generation, and to enhance cooperation in information and communications to widely disseminate the tradition of special Vietnam–Laos solidarity, thereby strengthening mutual understanding and the spiritual and cultural foundation between the two countries’ people.

Within the framework of the visit, General Secretary To Lam and Lao Party General Secretary and President Thongloun Sisoulith witnessed the exchange of important cooperation documents between ministries, agencies, localities, and relevant agencies of the two countries in the fields of education, justice, and locality-to-locality cooperation. These documents continue to provide a legal foundation and new impetus, concretizing the substance of strategic cohesion in bilateral relations.

General Secretary To Lam’s selection of Laos as the first country to visit in his capacity as General Secretary of the 14th CPV Central Committee, together with this state visit - joined by Prime Minister Pham Minh Chinh and National Assembly Chairman Tran Thanh Man - holds special significance in the history of relations between the two countries, the State-run news agency remarked

The successful visit is of historic significance, contributing to the continued consolidation and advancement of the great friendship, special solidarity, comprehensive cooperation, and strategic cohesion between Vietnam and Laos in an increasingly substantive, effective, and in-depth manner, bringing tangible benefits to the people of both countries, the news agency added.

VNA-Van Nguyen

They include two new projects from Singaporean investors and a capital expansion by a Chinese enterprise.

Authorities in the southern province of Dong Nai granted investment certificates to three foreign-invested projects on February 5, with total registered capital of nearly $550 million.

The approvals included two new projects from Singaporean investors and a capital expansion by a Chinese enterprise.

One of the new projects is an $80 million investment by Jabil Technology Vietnam Company Limited at the Nhon Trach II–Nhon Phu Industrial Park. The facility will manufacture electronic products, including computers, data storage devices, communications equipment and consumer electronics.

The second is the Sembcorp Integrated Hub Dong Nai 1 project at the Loc An–Binh Son Industrial Park, with registered capital of $69.65 million. The project will develop ready-built factories for lease along with supporting infrastructure.

The largest investment in this batch comes from an expansion by the HAOHUA (Vietnam) Tire Manufacturing Plant at the Minh Hung–Sikico Industrial Park. The Chinese-invested company has been approved to add $400 million, bringing its total investment in Dong Nai to $900 million.

Dong Nai is currently home to 58 industrial parks, of which 43 are operational, covering more than 14,600 hectares. The average occupancy rate stands at around 76%.

VnEconomy-Thanh Thuy

Vietnam needs a national-level strategy, a legal framework, and breakthrough financial insurance products to build a robust digital social safety net...

Vietnam is rapidly entering an aging population phase. While efforts are being made to boost the digital economy and enhance national credit ratings, a "weakness" has emerged that requires fundamental, long-term solutions: the financial vulnerability of the elderly—the generation holding the largest accumulated assets in society—against the wave of cross-border financial crimes.

It is time to move beyond fragmented solutions; Vietnam needs a national-level strategy, a legal framework, and breakthrough financial insurance products to build a robust digital social safety net, elevating the nation's status in the new era.

Each successful financial scam targeting the elderly, from impersonating law enforcement, banks, and utilities to taking control of phones using deepfake technology, not only depletes retirement savings and funds for education and livelihoods of descendants but also erodes trust in the digital payment system and places a social welfare burden on the government's budget.

From a broader financial perspective, when trust is eroded, the elderly tend to withdraw cash to convert into physical assets like gold and foreign currency to "store at home." This reluctant shift, if widespread, will directly pressure the liquidity of commercial banks and exchange rates, indirectly weakening the "Institutional Strength" and "Monetary Stability" criteria of organizations like Moody’s or SP in the process of evaluating Vietnam's national credit rating.

The need for a "financial protection law for the elderly"

Experience from investment-grade countries shows that to counter the trend of cybercrime targeting the elderly (aged 65 and above) with financial potential but technological limitations, some countries have early on legislated regulations to provide maximum protection for this vulnerable group. For example, the United States enacted the Senior Safe Act in 2018, focusing on financial protection for the elderly through anti-fraud measures and preventing financial abuse against them, protecting financial institutions and employees from legal liability (regarding information privacy) when proactively reporting suspected exploitation or financial fraud against the elderly. This law also promotes cooperation between financial institutions and law enforcement agencies to detect, report suspicious transactions promptly, and support victims.

Some other developed countries protect the elderly by slowing down financial processes: in Japan, large money transfers from elderly accounts are "slowed down" by banks for 24-48 hours, allowing victims time to calm down and family members to intervene timely; in the UK, banks have the right to refuse transactions if there is reasonable suspicion that the customer is being scammed without legal liability if the transaction is later proven valid.

International experiences, along with the reality that the elderly are becoming the main target of financial scams and the rapid aging society trend (forecasted to have 14% of Vietnam's population as elderly by 2034), have created an urgent need for Vietnam to build a legal framework to protect this vulnerable group through enacting a separate law or amending the Law on Credit Institutions and related legal regulations with four main contents.

Firstly, add the "Emergency Suspension" right in Article 10 of the Law on Credit Institutions. Accordingly, credit institutions have the right to temporarily suspend customer transactions when detecting signs of suspected fraud or psychological manipulation, especially for vulnerable customer groups, to protect customer assets as regulated by the State Bank. Add Article 13 allowing credit institutions to share suspicious transaction information with a "Financial Guardian" registered by the customer beforehand or with security agencies in emergencies to prevent fraud, without being considered a violation of information confidentiality obligations in Article 13.

Secondly, the "Financial Guardian" mechanism: establish a guardian mechanism, allowing family members to receive parallel notifications when there are transactions exceeding the threshold or transferring to strange account numbers from the elderly's bank account. Large transactions are only executed with the joint confirmation of the "guardian."

Thirdly, clearly define the responsibilities of cross-border platforms: if online fraud occurs through these platforms' infrastructure without appropriate filtering measures, these units must contribute to the victim compensation fund.

Fourthly, build a Direct Confiscation and Compensation Mechanism: when illicit funds are blocked in the criminal's account or intermediary e-wallets, if the source from any victim is clearly identified, authorities have the right to coordinate with banks to directly refund the victim immediately after a preliminary investigation conclusion, instead of waiting until the entire case is concluded (which can take years). A portion of the recovered money is allocated to the Financial Fraud Victim Support Fund to support fraud victims who cannot recover money from perpetrators or to support psychological trauma treatment after financial fraud.

Financial fraud insurance for the elderly

In reality, cyber insurance products have appeared in some countries, with designs specifically for the elderly being a new trend. In the US, insurance companies like AIG or State Farm offer identity theft and financial fraud insurance packages. In Singapore, banks like OCBC have launched "Emergency Services" combined with insurance packages to partially compensate for losses if customers are scammed through digital applications, provided they have followed basic security steps. In the UK, corporations like Aviva or Lloyd’s have products compensating victims of "Social Engineering" (psychological manipulation fraud), including impersonating authorities.

In Vietnam, cyber insurance products have emerged in recent years and are offered by some insurance companies like MIC, VBI, BIC, but the scope is still narrow. Therefore, a financial fraud risk insurance product for the elderly should be developed on a national scale to anticipate the aging population phase, considered a mandatory or encouraged social security product similar to health insurance with low premiums, wide coverage, directly integrated into the account/card maintenance fees for those aged 60 and above.

To ensure insurance companies can confidently deploy this product without fear of "insurance exploitation," insurance companies only compensate 70-80% of the damage, and the insurance buyer still has to bear the remaining damage to maintain vigilance. Additionally, compensation is paid after confirmation from cybersecurity agencies about a high-tech fraud case when the insurance buyer has taken certain appropriate actions to prevent risks.

Thus, facing online fraud targeting the elderly and addressing this issue with a strong, modern legal and insurance system will demonstrate superior security-social management capabilities, positioning Vietnam as a leading country in ASEAN in digital social risk management and ensuring welfare for an aging society. Pioneering in legislating financial protection for the elderly also positions Vietnam as a model "Policy Sandbox" for other rapidly aging and digitizing countries, creating a competitive advantage in attracting sustainable investment flows and affirming the commitment that "no one is left behind" in the digital era. Therefore, protecting the elderly from financial fraud is no longer a choice but a national welfare mandate in the new era.

Vneconomy-Hong Ha

Notably, the city intends to mobilize businesses and social organizations to donate smartphones to poor and near-poor households.

The Ho Chi Minh City People’s Committee has recently issued a comprehensive plan for data review, standardization, and the universal promotion of "digital citizen development."

The goal is to ensure that 100% of the city’s residents possess a digital identity by the second quarter of 2026, centered on four core pillars: VNeID, digital devices, digital accounts, and basic digital skills.

The plan will be implemented in two distinct phases:

Phase 1 (Target completion: Q2 2026): The city will ensure that all eligible citizens, businesses, and organizations are issued ID cards and have their electronic identification accounts activated. Simultaneously, the city will facilitate a total transition from 2G-only mobile devices to 4G and 5G smartphones, ensuring that every household possesses at least one smart device.

Phase 2 (Target completion: Q3 2026): The focus will shift toward providing basic digital skills training to the public and maintaining these educational activities as a regular practice.

To execute this plan, the city will assign specific quotas to local community digital technology teams and ward police. These units will be responsible for reviewing and guiding residents through the registration and activation of VNeID accounts.

Notably, the city intends to mobilize businesses and social organizations to donate smartphones to poor and near-poor households. Furthermore, digital literacy training will be conducted through standardized instructional materials and dedicated digital learning platforms.

This initiative is designed not only to boost the rate of online public service filings and cashless payments but also to build a fully digitized community where every citizen can access and utilize technology services effectively. Through close coordination between government agencies and community support, the city is taking a significant step toward its goal of becoming a smart, modern, and sustainable city.

Vneconomy-Hồng Vinh

The central city has designated 2026 as a year for "in-depth" development, focusing on aligning research and training activities with the actual needs of businesses and the market.

Leaders of the Da Nang City People’s Committee in central Vietnam recently held a consultation session with the local startup community to gather feedback for the city’s 2026 innovative startup ecosystem development plan.

The dialogue offered stakeholders a platform to discuss strategic directions and solutions for the upcoming year. A primary objective is to promote the "Triple Helix" collaboration model—involving the State, Academia, and Enterprises—to strengthen connectivity and effectively mobilize resources for ecosystem growth.

Mr. Le Son Phong, Deputy Director of the Da Nang Department of Science and Technology, emphasized that amid the rapid advancement of science, technology, and innovation, entrepreneurship serves as a vital engine for economic growth.

The city has designated 2026 as a year for "in-depth" development, focusing on aligning research and training activities with the actual needs of businesses and the market. This approach is intended to refine the city’s development strategy while fostering a favorable environment for startups to scale.

During the discussion, delegates focused on clarifying mechanisms and policies to support the commercialization of startup products. Proposals were made to establish dedicated spaces for the display, introduction, and testing of innovative products within the city.

Many participants stressed the need for more substantive cooperation within the "Triple Helix" framework, the improvement of infrastructure and mechanisms for business incubators, and stronger links between university-based startups and established corporations. Furthermore, delegates called for the prioritization of piloting and utilizing innovative products and services from local startups to ensure sustainable market outlets for the city’s ecosystem.

This initiative serves not only as a vital forum for bridging the gap between the city government and the startup community but also provides a practical foundation for finalizing Da Nang’s 2026 innovative startup ecosystem development plan.

Vneconomy-Ngô Anh Văn

The sector aims for sustainable, in-depth development while adapting to increasingly stringent international market requirements.

With strategic direction and strong government support, central Gia Lai province’s wood industry expects to reach an export turnover of $1.22 billion in 2026.

This goal reinforces the sector's position as a pillar of the local economy and a key contributor to the province's socio-economic growth.

In 2025, the province's wood exports reached $1.1 billion, a 3% increase compared to 2024. The sector continued to serve as a spearhead industry, accounting for approximately 32% of Gia Lai's total export turnover.

Detailed figures show that exports of indoor, outdoor, and garden furniture reached $480.64 million, up 10.5% year-on-year, with the United States remaining the primary market. Wood chips and pellets contributed $423.35 million (up 2.2%), while plastic wicker and rattan-like products earned $188.95 million.

Looking ahead to 2026, the Gia Lai wood industry has set an export target of $1.22 billion. The sector aims for sustainable, in-depth development while adapting to increasingly stringent international market requirements.

A major driver for this growth was the merger of the former Gia Lai and Binh Dinh provinces since July 2025. This move has successfully synergized the vast raw material resources of the West with the established processing industries of the East, creating significant momentum for the "new" Gia Lai province’s wood sector.

According to forestry data, the former Gia Lai province possessed over 650,600 ha of forest, representing 25.2% of the Central Highlands and 4.3% of the nation’s total forest area. Meanwhile, the former Binh Dinh province contributed over 345,500 ha of forested land, including more than 214,500 ha of natural forest and 131,000 ha of plantations.

Vneconomy-Chu Khôi

The southern city targeting an annual growth of 10% in 2026.

Ho Chi Minh City recorded positive economic growth in the first month of 2026, showing a stronger recovery compared to the same period last year, according to the municipal People’s Committee.

Total retail sales of goods and consumer service revenue were estimated to rise 16.4% year-on-year, reflecting a rebound in purchasing power and domestic consumption, supported by targeted promotional programs and a stable macroeconomic environment.

Industrial production also posted robust gains, with the Industrial Production Index (IIP) climbing 29.6% over the same period last year. The manufacturing sector led the surge, expanding 34.5%.

Meanwhile, import-export activities showed solid momentum, with export turnover reaching $8.1 billion, benefiting from international economic agreements and preferential tariff schemes.

In terms of foreign investment, the city attracted $372.8 million in registered capital, a decline of 62.1% year-on-year.

Business formation remained vibrant, with 5,045 newly established enterprises in January, up 50.6% from a year earlier. Total newly registered capital reached VND36.15 trillion ($1.38 billion), an increase of 55.9%.

The city targets an economic growth of 10% in 2026.

VnEconomy-Thanh Thủy

This is intended to ensure the law is implemented in a timely, unified, and efficient manner while avoiding the waste of resources.

Deputy Prime Minister Nguyen Chi Dung has signed Prime Ministerial Decision No. 225/QD-TTg, dated February 3, 2026, promulgating the Implementation Plan for the High-Tech Law (the Plan).

The Plan aims to define specific, comprehensive, and detailed tasks and responsibilities for relevant agencies, organizations, and units. This is intended to ensure the law is implemented in a timely, unified, and efficient manner while avoiding the waste of resources.

The Plan outlines five specific tasks for ministries, sectors, and local authorities to execute:

First, drafting and promulgating legal documents that provide detailed regulations and guidelines for the High-Tech Law. This will be carried out in accordance with the Prime Minister’s Decision No. 2835/QD-TTg (dated December 31, 2025), which assigns drafting responsibilities for documents guiding laws and resolutions passed by the 15th National Assembly during its 10th Session.

Second, disseminating and educating the public on the contents of the Law. This includes the legal codification, review, and systematization of legislative documents in accordance with the Law on Promulgation of Legislative Documents and other relevant government regulations.

Third, beginning in 2026 and continuing in subsequent years, the Ministry of Science and Technology (MoST) will take the lead in coordinating with ministries, ministerial-level agencies, government bodies, the Central Committee of the Vietnam Fatherland Front, and provincial/municipal People’s Committees to organize conferences and seminars. These events will focus on the thorough grasp, communication, and dissemination of the Law and its guiding documents. Local People’s Committees are responsible for coordinating these activities within their respective jurisdictions.

Fourth, MoST will lead collaborations with ministries and local authorities to conduct annual inspections, monitoring, and oversight of the High-Tech Law’s enforcement. The ministry is also tasked with reporting results and evaluating the implementation process.

Fifth, MoST, along with other ministries, government agencies, and local People’s Councils and Committees, will regularly compile instructional materials, provide professional training and capacity-building programs, and receive and process petitions or recommendations regarding the law's application.

Vneconomy-Hạ Chi

In addition to expediting document processing, units are required to provide regular updates and timely reports on any emerging difficulties in the processing of imported food to ensure prompt resolution.

A backlog of imported food is occurring at several border gates as shipments have yet to complete food safety inspections under new regulations. This situation is placing significant pressure on businesses during a period of surging consumer demand ahead of the Lunar New Year.

To address bottlenecks in specialized inspections and customs procedures, Vietnam Customs has instructed the directors of regional customs branches to proactively assign staff for round-the-clock shifts. Priority is to be given to the immediate clearance of imported food shipments that have fulfilled all regulatory documentation to minimize congestion and prevent supply chain disruptions.

Regarding data on food backlogged at ports awaiting clearance, Vietnam Customs requires branches to compile and submit reports to the Supervision and Management Board twice daily, at 8am and 1.30pm, to facilitate operational management.

In addition to expediting document processing, units are required to provide regular updates and timely reports on any emerging difficulties in the processing of imported food to ensure prompt resolution. Simultaneously, the Customs IT and Statistics Board has been tasked with ensuring technical staff are on standby to maintain the smooth operation of electronic data processing platforms during this peak period.

According to figures released by Vietnam Customs under the Ministry of Finance, as of January 30, 2026, more than 1,300 vehicles—including trucks and boats—carrying food and fresh agricultural produce were recorded as stranded at land and waterway border gates. These shipments remain uncleared as authorities have not yet had the necessary basis to issue notices confirming the goods are eligible for import.

Feedback from the business community also indicates that the practical implementation of Decree 46/2026/ND-CP has resulted in complications for goods categorized as food-contact tools and packaging.

Vneconomy-Hoàng Sơn

Vietnam determines to strengthen and elevate bilateral economic and trade ties with the US in a stable, substantive, and sustainable manner.

Vietnamese Acting Minister of Industry and Trade Le Manh Hung held a discussion with a group of US enterprises in the energy, industrial, and aviation sectors under the US – ASEAN Business Council (USABC) in Washington D.C. on February 2, the Ministry of Industry and Trade reported on February 4.

The event took place on the sidelines of the sixth round of negotiations on the Vietnam – US Agreement on Reciprocal, Fair, and Balanced Trade, reflecting Vietnam’s determination to strengthen and elevate bilateral economic and trade ties in a stable, substantive, and sustainable manner.

Vietnam stays ready to further expand imports from the US, particularly through procurement contracts for machinery, equipment, and modern technologies, Mr. Hung said.

On the energy-related issues of interest to US firms, with the presence of major corporations in oil and gas, liquefied natural gas (LNG), and renewable energy, Mr. Hung stressed that ensuring energy security is one of Vietnam’s key development priorities.

Vietnam values and wishes to foster long-term cooperation in modern industry, logistics, and aviation connectivity, he said, adding that Vietnam favours selective investments in foundational and high value-added industries tied to supply chains, support industries, technology transfer, and workforce training.

In high-tech and digital areas, Mr. Hung told leading US technology corporations that semiconductors, advanced technology and digital economy are among Vietnam’s strategic priority areas.

Later, Mr. Hung held separate meetings with executives of Apple, Excelerate Energy, and ExxonMobil, delving into high-tech and energy collaboration. At the event, he listened to their proposals while clarifying Vietnam’s policy focuses and commitment to a stable, transparent, and favourable investment environment for long-term projects.

VnEconomy-Huyền Vy

The two countries are working towards increasing bilateral trade to about $5 billion in the near future and aiming for a $10 billion target in the long term.

General Secretary of the Central Committee of the Communist Party of Vietnam, Mr. To Lam, will pay a state visit to Laos from February 5-6, at the invitation of General Secretary of the Central Committee of the Lao People's Revolutionary Party and President of Laos, Mr. Thongloun Sisoulith.

According to the Lao Ambassador to Vietnam, H.E. Khamphao Ernthavanh, this is a significant political-diplomatic event occurring in a special context as both Parties have just concluded their National Congresses, marking a new phase in bilateral relations.

Milestone in the new phase of bilateral relations

Ambassador Khamphao Ernthavanh emphasized that General Secretary To Lam's visit takes place right after the 12th National Congress of the Lao People's Revolutionary Party (January 2026) and the 14th National Congress of the Communist Party of Vietnam (January 2026). This underscores the special importance that both Parties and States place on maintaining and enhancing bilateral relations at the highest level.

The ambassador highlighted that the visit will continue to nurture and strengthen the great friendship, special solidarity, comprehensive cooperation, and strategic connection between the two Parties, States, and peoples of Vietnam and Laos. Additionally, the visit creates new momentum for comprehensive cooperation as both countries enter a new development phase post-Congress.

According to the Ambassador, the visit not only holds symbolic political-diplomatic significance but also opens opportunities to promote substantive, effective, and sustainable cooperation in many strategic areas, reflecting the deep political determination of the leaders of both countries to deepen Vietnam-Laos relations.

During the visit, General Secretary To Lam is expected to hold talks with General Secretary and President Thongloun Sisoulith and meet with other key leaders of the Lao Party and State. The leaders will engage in extensive discussions on bilateral cooperation directions in political, economic, security, defense, cultural, and social fields, with economic cooperation identified as a key pillar.

Towards a $10 billion trade target

The Ambassador stated that both sides will focus on discussing the continued implementation of strategic economic agreements, particularly key infrastructure connectivity projects such as highways and border trade connections. These projects are expected to facilitate the flow of goods, boosting trade and investment between the two countries.

Furthermore, the leaders will discuss enhancing trade and investment linkages in line with each side's sustainable development strategy, thereby promoting bilateral and regional value chain connectivity, laying the foundation for long-term economic cooperation.

Regarding economic cooperation prospects, Ambassador Khamphao Ernthavanh noted that Vietnam-Laos bilateral trade reached $2.6 billion in 2025, reflecting positive growth momentum in recent years. At the 48th session of the Vietnam-Laos Intergovernmental Committee, both sides agreed to strive for an annual bilateral trade growth of 10-15%. Based on this, the two countries are working towards increasing bilateral trade to about $5 billion in the near future and aiming for a $10 billion target in the long term.

To achieve these goals, the Ambassador mentioned that both sides will continue to expand cooperation in key areas such as infrastructure connectivity, supply chain development, and business support, creating new momentum for bilateral trade and investment.

In the regional context, the Ambassador believes that General Secretary To Lam's visit holds strategic significance as Southeast Asia faces new challenges in security, development, and economic integration. This is an opportunity for the leaders of the two Parties and States to reaffirm their commitment to close coordination not only bilaterally but also at regional and international forums.

Accordingly, both sides will discuss regional cooperation issues, including coordination within the Mekong sub-region cooperation framework and other multilateral mechanisms, contributing to maintaining peace, stability, and promoting sustainable development in the region.

Immediately after concluding the state visit to Laos, General Secretary To Lam is scheduled to pay his state visit to Cambodia, demonstrating Vietnam's consistent policy of strengthening strategic cooperation with neighboring countries, contributing positively to the peace, stability, and development of Southeast Asia.

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Prime Minister Pham Minh Chinh chairing the first Cabinet meeting of 2026 on February 4.

Prime Minister Pham Minh Chinh requested ministries, agencies, sectors and localities to spare no efforts from the very first days of this year to achieve the double-digit growth goal in 2026, while chairing the first Government meeting of the year held in Hanoi on February 4.

At the meeting, the Cabinet discussed the socio-economic performance in January, the allocation and disbursement of public investment capital, the implementation of national target programs, and tasks and solutions for the time ahead.

The Prime Minister also called for promoting production and business activities, doubling efforts to combat smuggling, counterfeit and fake goods.

He instructed ministries, sectors and localities to develop flexible policy plans to respond promptly to external economic shocks, thereby maintaining macroeconomic stability, controlling inflation and preserving major economic balances. Accelerating public investment disbursement and fast-tracking key national infrastructure projects from the early days of 2026 were also highlighted as an urgent task.

According to a report by the Ministry of Finance at the meeting, total foreign direct investment (FDI) inflows to Vietnam reached nearly $1.5 billion in January, while FDI disbursement was estimated at $1.7 billion, up 11.3% year-on-year.

The index of industrial production grew at about 21% year on year, with all 34 localities reporting growth.

January's export turnover increased by 29.5% while import value soared by 49% compared to the same period last year.

VnEconomy-Hà Lê

Vietnam possesses significant rare earth potential, ranking second or third globally.

The Ministry of Agriculture and Environment's Department of Geology and Minerals plans to complete a draft National Strategy on Rare Earths for issuance in 2026.

This is one of key tasks of the department this year,  which also include submitting a decree on administrative penalties in geology and minerals to the government, and continuing to adjust national mineral planning for 2021-2030, with a vision to 2050.

Vietnam possesses significant rare earth potential, ranking second or third globally, distributed across 21 provinces and cities, according to the Ministry. The Ministry has thoroughly surveyed areas with rare earths, managed them closely, and is developing the national strategy for rare earth minerals, expected to be issued in early 2026. After delineating areas with rare earths, the key task is to effectively exploit this resource, form a deep processing value chain, and minimize raw material exports.

According to the recently approved Law on Geology and Minerals, rare earths are a special strategic mineral, and their exploration, mining, and processing must be strictly controlled, with no raw exports. Only state-designated or authorized enterprises and organizations are allowed to explore, mine, process, and use rare earths. Deep processing activities must be linked to building a modern industrial ecosystem to enhance the domestic value chain.

Earlier, at a government meeting on January 17, 2026, Prime Minister Pham Minh Chinh emphasized strengthening state management in this field, developing the rare earth industry, and contributing to strategic autonomy with key tasks and solutions. These include building and completing institutions, mechanisms, and policies, prioritizing deep processing; financial investment, mobilizing state resources, public-private partnerships, and investor resources; developing infrastructure; transferring and mastering advanced, suitable technology; promoting public-private cooperation; and smart management based on digital transformation. 

VnEconomy-Đỗ Phong

The project will supply over 900 apartments.

Authorities in the northern port city of Hai Phong have approved the investment policy for a new social housing project in Hai Duong Ward, with total investment capital estimated at more than VND1.13 trillion ($43.1 million).

The project will be developed by Nam Do Real Estate Development Investment JSC and Phu Xuyen Industrial Development Investment Co., Ltd. The investors will contribute VND222.6 billion ($8.5 million) in equity, accounting for 20% of the total capital, while the remainder will be mobilised through loans and other legal funding sources.

Covering an area of over 10,789 square metres, the project will comprise two 21-storey buildings providing a total of 924 apartments.

Under the approved investment policy, construction is expected to be completed within 36 months from the date the land is handed over to the investors. The project will have an operational term of 50 years from the date of land allocation, lease, or change in land-use purpose.

VnEconomy-Đỗ Hoàng

The VNCG Code 2026 reflects recent shifts in the domestic legal framework while directly referencing the most advanced international best practices.

Built upon the latest G20/OECD standards, the Vietnam Corporate Governance Code 2026 (VNCG Code 2026), unveiled on February 4, is expected to be a major milestone in "upgrading" the governance quality of Vietnamese enterprises. This move prepares the domestic market for its upcoming reclassification roadmap and positions the country to capture massive international investment inflows.

The VNCG Code 2026 reflects recent shifts in the domestic legal framework while directly referencing the most advanced international best practices.

According to Mr. Vu Chi Dung, Head of the International Cooperation Department at the State Securities Commission (SSC) and a representative of the drafting team, the new code has been streamlined from the ten principles of the 2019 version to nine. However, it offers broader and deeper coverage of modern governance issues. The structure of the new code focuses on core pillars, including: placing the Board of Directors at the center of governance; strengthening risk control and management; enhancing disclosure quality and transparency; protecting shareholder rights; and notably, integrating Environmental, Social, and Governance (ESG) factors.

The most significant breakthrough in the VNCG Code 2026 is the implementation of the “Comply or Explain” mechanism. Under this approach, listed companies are encouraged to adopt governance standards that exceed the minimum legal requirements. If a company is unable to comply with these higher standards, it must provide a reasonable and transparent explanation in its annual report. This is a common practice in developed and ASEAN markets, ensuring flexibility for a company's specific needs while maintaining constant pressure to improve information transparency.

Notably, the VNCG Code 2026 introduces five strategic shifts designed to align Vietnam with global trends:

First, beyond defining business strategy, the BOD is now responsible for overseeing ESG factors, including climate change risks. The Code recommends establishing specialized ESG committees or appointing dedicated board members to ensure effective execution.

Second, the scope of risk management has been significantly expanded. In addition to traditional financial risks, enterprises must now closely monitor non-financial and "emerging" risks stemming from digital transformation, Artificial Intelligence (AI), and climate change.

Third, to meet global benchmarks, sustainability disclosures should now be verified by independent third parties. Furthermore, executive remuneration policies must be disclosed in detail and tied directly to the company’s performance and long-term value creation.

Fourth, the Code strongly encourages the use of technology in governance, promoting virtual Annual General Meetings (AGMs) and electronic voting (E-voting). Shareholder voting rights have also been extended to critical issues such as board remuneration, major MA transactions, and the right to engage in dialogues regarding ESG matters.

Fifth, this marks a paradigm shift from prioritizing "Shareholder" returns to creating "Stakeholder" value. This requires businesses to balance the interests of investors, employees, customers, and the broader community.

“Good corporate governance does not only help businesses improve operational efficiency, transparency, and accountability; it is also a vital factor in bolstering investor confidence, attracting long-term capital, and driving sustainable growth,” said Vice Chairman of the State Securities Commission (SSC), Nguyen Hoang Duong.

In reality, results from the ASEAN Corporate Governance Scorecard (ACGS) indicate that Vietnam’s governance practices still require significant improvement, particularly regarding Board responsibilities and the protection of minority shareholders.

As Vietnam stands at a historic crossroads, seeking a market status upgrade from "Frontier" to "Emerging" by international organizations like FTSE Russell, the standardization of corporate governance is viewed as the "foundational condition" to enhance the market's overall attractiveness to global investors.

Vneconomy-Anh Nhi

Concerns raised over disruptions to food imports, exports and domestic supply chain following the implementation of the Government Decree No. 46/2026/ND-CP, which provides detailed guidance on a number of provisions and enforcement measures under the Law on Food Safety.

Prime Minister Pham Minh Chinh issued a dispatch on February 3,  requesting relevant ministries, agencies and localities to urgently address difficulties and bottlenecks in the implementation of Government Decree No. 46/2026/NĐ-CP, which provides detailed guidance on a number of provisions and enforcement measures under the Law on Food Safety.

The move was made amid growing concerns over disruptions to food imports, exports and domestic supply chains following the decree’s entry into force.

The PM instructed ministries, sectors, and localities to closely coordinate and focus on implementing the assigned tasks comprehensively.

The PM directed the Ministry of Health, the Ministry of Agriculture and Environment, the Ministry of Industry and Trade, and other relevant ministries and agencies to urgently issue documents guiding the implementation of the Decree No. 46/2026/NĐ-CP, dated January 26, 2026, in line with their functions, tasks, authority, and assigned management areas.

They are responsible for directing and urging their subordinate units and localities to fully prepare the necessary infrastructure, human resources, and equipment to organize the implementation according to regulations; ensuring that specialized inspection and customs clearance activities are carried out promptly and smoothly, preventing any congestion or backlog of food and goods for import and export.

The Ministry of Health was tasked with leading an inter-ministerial review of the decree’s provisions, working with the ministries of Agriculture and Environment, Industry and Trade, Justice and other agencies to assess implementation progress, identify obstacles and submit specific recommendations at the Government’s regular meeting, scheduled for February 4.

The ministries of health, agriculture and environment, and industry and trade are also required to establish 24/7 hotlines, publicise the contact details through mass media, and assign staff to provide real-time guidance and handle emerging issues, particularly those related to new provisions under the decree.

The Ministry of Finance was required to direct the Customs Department to deploy round-the-clock staffing at border gates, closely coordinate with other competent forces, and swiftly clear congestion to ensure timely customs clearance. The electronic customs clearance system must remain fully operational during this peak period.

VnEconomy-Hà Lê

Prime Minister Pham Minh Chinh received a delegation of Swiss and European businesses in Hanoi on February 3.

Prime Minister Pham Minh Chinh has reaffirmed Vietnam’s openness to Swiss and European enterprises, encouraging greater investment in high-tech and high value-added projects linked with technology transfer, as well as deeper cooperation in green and digital transformation, renewable energy, the marine economy, green finance and tourism, according to a report from the Vietnam News Agency.

He made the suggestion at a meeting in Hanoi on February 3 with a delegation of Swiss and European businesses led by Dr Philipp Rösler, President of the Swiss–Viet Economic Forum (SVEF).

The PM expressed his hope that Swiss and European enterprises will scale up both direct and indirect investment, intensify technology transfer, support workforce training, share management expertise, invest in research and development, and help Vietnamese businesses integrate more deeply into global value and supply chains.

He also called on Swiss and European businesses to support Vietnam’s efforts to develop the international financial center, encourage the remaining EU member states to ratify the EU – Vietnam Investment Protection Agreement (EVIPA), urge the European Commission to lift the IUU fishing “yellow card” on Vietnamese seafood, and contribute to Vietnam’s long-term development through sustained investment, technology transfer, innovation cooperation and the promotion of international standards on environmental, social, and governance (ESG) and sustainable finance.

Representatives of Swiss and European enterprises highly valued Vietnam’s investment climate, noting their long-term cooperation and investment plans in sectors such as finance, textiles, climate change response, emissions reduction, pharmaceuticals, biotechnology, semiconductors, data infrastructure and artificial intelligence.

They called for continued support from the Government via policy openness and stability, streamlined administrative procedures, and stronger supporting ecosystems to help them enhance investment efficiency.

VNA- Khánh Vân

During the reception, the Party leader emphasizes Vietnam's commitment to strengthening and advancing the friendly cooperative relations with Jordan, benefiting the people of both nations and contributing to regional and global peace and development.

Party General Secretary To Lam extended a warm welcome to Jordan's House Speaker Mazen Turki El Qadi during a reception for the latter on February 3, saying that his visit to Vietnam coincided with the successful conclusion of the 14th National Congress of the Communist Party of Vietnam which  marked a new developmental phase for the nation and its people.

Jordan's House Speaker Mazen Turki El Qadi is paying an official visit to Vietnam from February 2-5.

At the reception,  General Secretary To Lam conveyed heartfelt greetings to King Abdullah II Ibn Al-Hussein and other Jordanian leaders.

Vietnam and Jordan should continue to strengthen bilateral relations and political trust, strive to become each other’s trusted partners, effectively implement existing agreements, and expand cooperation in defence and security, economic development and sustainable growth, the Party leader told his guest.

General Secretary Lam reaffirmed the firm commitment of the Party, State and people of Vietnam to further consolidate and promote the traditional friendship and cooperation with Jordan, for the benefit of both nations and for regional and global peace and development.

Expressing his delight at visiting Vietnam, a country with a heroic and resilient history, House Speaker Mazen Turki El Qadi congratulated Vietnam on the successful organisation of the 14th National Congress of the Communist Party of Vietnam and extended his congratulations to General Secretary To Lam on his re-election.

House Speaker Mazen Turki El Qadi praised Vietnam's development achievements and expressed Jordan's desire to collaborate and exchange experiences in areas where Vietnam excels, particularly in science, technology, and emerging industries. 

General Secretary To Lam and House Speaker Mazen Turki El Qadi agreed on the need to foster political trust and relations, positioning Vietnam and Jordan as leading reliable partners in their respective regions. They committed to implementing concrete and effective agreements, promoting cooperation in defense-security, economics, and sustainable development.

On regional and international issues, the two sides agreed to enhance mutual support and coordination of stance, based on respect for independence, sovereignty and territorial integrity, and to settle disputes by peaceful means through dialogue in line with international law and the UN Charter.

vneconomy-Minh Hieu

Vietnam Economic Times Issue 442 | Monday, February 02, 2026

Dear readers,

Digital and cryptocurrency asset markets have developed extensively around the world and are becoming increasingly popular, as they act as a convenient and effective fundraising channel in the era of the digital economy.

Many countries, such as China, the US, Japan, South Korea, and the UAE, apply different market models. In terms of technology and technique, these models do not significantly differ from each other, though their levels of development are not the same. However, the associated legal regulations are completely different, and depend upon the overall legal framework of each country.

How a digital and cryptocurrency asset market operates, whether it is favorable or unfavorable in terms of legal aspects, as well as whether the rights, interests, and assets of businesses, organizations, and individuals participating are guaranteed and protected, all depend on legal regulations in the host country.

Vietnam is in the process of preparing to pilot a digital asset market. The first and most important step is to create a legal framework towards “regulating” but not “restraining” such a market. The Law on Digital Technology Industry, passed by the National Assembly on June 14, 2025, and effective from January 1, 2026, clearly defines the concept of “digital assets” and related activities concerning this important asset type, aiming to facilitate the legal aspects of storing, accumulating, exchanging, buying, selling, and investing in digital assets, now that this type of asset is officially legal.

Government Resolution No. 05/2025/NQ-CP, issued on September 9, 2025, and effective on the same day, allows for a pilot crypto asset market in Vietnam, and clearly stipulates the implementation of pilot offerings, the issuance of crypto assets, the organization of a crypto asset market, and the provision of crypto asset services, while also outlining State management of the market. In implementing Resolution No. 05, the Ministry of Finance issued Decision No. 96/QD-BTC on January 20, announcing new administrative procedures in the field, within the scope of its management functions.

Thus, fundamentally, the legal environment for organizing and piloting a crypto asset market in Vietnam has been established. The legal framework not only serves as the foundational basis for establishing and operating such a market but also sets the parameters for the market to operate according to regulations, creating trust among participating domestic and foreign investors.

However, in the process of introducing these legal regulations, it is inevitable that issues will arise which, if not adequately addressed, could create bottlenecks for the market and even undermine investor confidence. The primary question, though, is which digital asset market model should Vietnam adopt to align with its legal environment and specific socio-economic conditions.

A regular thematic dialogue entitled “Following the Digital Asset Flow” - an in-depth forum connecting State management agencies, policy experts, technology and finance businesses, and the investment community - was initiated and organized by Vietnam Economic Times / VnEconomy and took place on January 26, with the first dialogue session focusing on the topic “Legal Pathways and Development Models for Vietnam’s Digital Asset Market”, clarifying issues related to legal regulations and alternative options for a suitable digital asset market model in Vietnam.

Our Cover Story in this edition therefore focuses on analyzing the legal framework for a digital asset market that will open up prospects and opportunities for investors to participate, while also introducing a comprehensive overview of the global digital asset market, with Vietnam remaining in the initial pilot phase of market development.

Warmest regards,

Dr. CHU VAN LAM
CHAIRMAN OF THE EDITORIAL BOARD

-Vietnam Economic Times - VnEconomy