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

A different set of skills and capabilities has emerged in recent times as essential for job candidates.

Vietnam’s talent landscape is undergoing one of its fastest periods of transformation in a decade, as rapid digital adoption and foreign investment together with evolving employee expectations reshape hiring across the country’s major industries. According to PERSOL’s Industry Insights Report 2025, employers are entering a new phase in which hybrid skill sets, ESG (environmental, social, and governance) literacy, and multilingual capabilities increasingly outweigh traditional experience as determinants of competitiveness.

Drawing on insights in 12 Asia-Pacific markets, the report positions Vietnam as one of Southeast Asia’s fastest-growing hubs for digital hiring, particularly in e-commerce, omni-channel retail, high-tech manufacturing and data-driven logistics. But as momentum accelerates, talent shortages are widening, and companies are struggling to meet the expectations of a workforce that is both more confident and more selective.

“The region’s talent economy is at a crossroads,” said Mr. Elvin Tan, Regional Director and Head of Operations at PERSOL. “Workforce gaps are no longer just about headcount. They are about adaptability. Employers who balance technology investment with cultural intelligence and purpose-led hiring will emerge stronger in the next cycle.”

Talent shifts

Across Asia-Pacific, PERSOL identified several fundamental shifts that are reshaping how organizations hire, develop, and retain talent; trends that are particularly visible in Vietnam.

First, hybrid skills are emerging as the centerpiece of modern workforce expectations. Digital fluency and human capability now go hand-in-hand, with employers seeking professionals who can balance AI and data literacy with collaboration, communication, and critical thinking. In Vietnam, this dual capability is becoming essential across sectors such as manufacturing, consumer goods, and logistics, where technology and strategic judgement increasingly intersect.

Second, sustainability and compliance literacy are moving from niche competencies to mainstream hiring priorities. As ESG expectations become more deeply embedded in business strategy, knowledge of environmental standards, responsible sourcing, and regulatory compliance is now required not only in sustainability teams but across finance, operations, and supply chain roles. Companies in Vietnam, especially those exposed to global supply chains, are accelerating the recruitment of professionals with ESG-oriented skills.

Third, the employer-employee dynamic is shifting as candidates behave more like consumers. Jobseekers expect transparent communications, mobile-first engagement, and a clear sense of purpose from the hiring process itself. Nowhere is this trend more visible than in Vietnam, where candidates place strong emphasis on clarity, convenience, and authenticity. Slow or opaque recruitment cycles often lead to immediate drop-off, particularly among younger applicants.

Fourth, changing expectations among Gen Z and millennial professionals are reshaping work cultures across the country. Younger workers prioritize flexibility, belonging and personal growth, with many placing greater value on meaningful work and supportive leadership than on salary alone. These preferences are compelling employers in Vietnam to adopt more progressive, people-centered workplace practices if they want to attract and retain top talent.

Finally, the report calls for deeper collaboration between business, education, and government to bridge widening skills gaps. As automation and sustainability reshape industries, coordinated action is essential to ensure that talent development keeps pace with economic transformation. This need is especially acute in Vietnam, where rapid growth in digital and high-value sectors requires faster adaptation to prevent shortages from intensifying.

Sector-by-sector breakdown

Hiring patterns have shifted sharply over the past year in Vietnam’s consumer goods sector. The rapid expansion of e-commerce and omni-channel retail has pushed companies to prioritize digital talent over traditional FMCG (fast-moving consumer goods) profiles. Skills in data-driven marketing, platform management, and consumer insights are now among the most difficult roles to fill.

Global trends, such as rising sustainability expectations and health-conscious consumption, intersect with Vietnam’s own digital transformation agenda to reshape hiring criteria. Talent that can blend digital fluency, sustainability awareness, and commercial acumen is increasingly prized.

Candidate expectations have evolved just as quickly. Transparent pay structures, mobile-first application experiences, and consistent employer branding are now baseline requirements. Flexibility, once rare in retail and consumer goods, has become a decisive factor even for roles historically tied to physical operations. Employers report widening gaps between what senior candidates expect - career acceleration, leadership culture, innovation exposure - and what companies can currently offer.

Meanwhile, Vietnam’s corporate and professional services sector is experiencing accelerated change as new investors enter the market and companies localize leadership roles long held by expats. Demand has surged for senior finance, human resources (HR), and legal professionals, particularly Chief Financial Officers (CFOs), Chief Human Resources Officers (CHROs), and Heads of Risk and Audit.

Southern Vietnam is seeing strong hiring momentum in finance, accounting, and auditing, driven by FDI from China, Taiwan (China), and Hong Kong (China). This shift has created intense competition for bilingual and multi-lingual professionals, especially those fluent in Vietnamese, English and Chinese, who are now essential for cross-border operations.

Severe shortages persist in areas such as merger and acquisition (MA) advisory, data privacy, intellectual property (IP) law, and strategic audit. With regulatory frameworks evolving and business operations growing more complex, companies increasingly need professionals able to navigate compliance, stakeholder management, and strategic transformation.

Candidates are also taking the lead in negotiations. Flexibility, mental health support, and transparent career pathways are now as important as salary. Lengthy or unclear hiring processes risk losing top talent, particularly as some candidates accept offers quickly or withdraw last-minute when better packages appear.

Regarding manufacturing, the sector continues to benefit from global supply chain diversification and strong government incentives, with high-tech industries such as electronics, semiconductors, automation, and renewable energy expanding rapidly. Hiring demand for engineers and technical specialists is rising faster than supply.

Acute shortages are evident in high-skill roles - automation engineers, robotics technicians, semiconductor designers - and in multilingual talent able to interface with Chinese, Taiwanese and Western stakeholders. At the same time, younger workers are avoiding repetitive factory jobs, leaving low-skilled roles increasingly filled by older workers.

Professionals across engineering and sourcing now expect flexibility, an inclusive culture, and clear career development. Hybrid work options, once considered impractical for manufacturing, are becoming more commonplace in planning, engineering, and administrative roles. Companies that fail to modernize workplace practices risk losing competitiveness in a market where workers increasingly prioritize purpose, culture, and development.

Looking ahead, semiconductor design, renewable energy technology, and sustainability engineering are expected to dominate hiring as automation, AI integration, and global semiconductor policy shifts reshape the industrial landscape.

Employers are placing greater emphasis on adaptability, problem-solving, and resilience, recognizing that operational know-how alone is no longer sufficient in a disrupted logistics environment. Mandarin-speaking talent is also in short supply as Chinese companies expand operations into Vietnam.

Candidate expectations are shifting significantly. Flexibility and career development now weigh as heavily as compensation. Employers with rigid pay structures or mandatory in-office schedules for non-operational roles are losing ground. Younger professionals, in particular, expect stronger employer branding, clearer learning pathways, and more progressive cultures.

Vietnam’s logistics sector is evolving from a low-cost operating base into a strategic hub for high-value functions. Whether this potential can be unlocked will depend on companies’ ability to adapt hiring practices and workplace cultures to attract and retain tech-enabled talent.

VET-Diep Linh

The rankings are based on the PEPI 2024, a composite index that evaluates various criteria, including the effectiveness of state environmental management, waste treatment, nature conservation, the improvement of air and water quality, and the level of community participation in environmental protection activities.

The Ministry of Agriculture and Environment has approved and announced the results of the 2024 Environmental Protection Performance Index (PEPI) for provinces and centrally-run cities.

Accordingly, Thua Thien Hue Province (now Hue City) earned 80.63 points, clinching the top spot nationwide. Closely following in second place is Da Nang with a score of 77.73. Bac Kan (now Thai Nguyen) ranked third with 77.54 points, followed by Quang Ninh with 77.44 points.

Rounding out the top 10 list are Binh Duong (now Ho Chi Minh City), Thanh Hoa, Khanh Hoa, Hung Yen, Long An (now Tay Ninh), and Hau Giang (now Can Tho).

The rankings are based on the PEPI 2024, a composite index that evaluates various criteria, including the effectiveness of state environmental management, waste treatment, nature conservation, the improvement of air and water quality, and the level of community participation in environmental protection activities.

Leading the rankings reflects Hue’s consistent efforts in maintaining a sustainable ecosystem, strengthening pollution control, and enhancing coordination between authorities in implementing environmental tasks. Over the years, the central city has garnered numerous environmental accolades, such as "ASEAN Clean Tourist City," "ASEAN Environmentally Sustainable City," and "National Green City."

Meanwhile, another central city - Da Nang -  continues to affirm its position as a green, smart, and modern urban center. The city has effectively implemented various environmental improvement programs, focusing on wastewater treatment, solid waste management, and the development of urban green spaces.

Vneconomy-Nhĩ Anh

Thong Nhat Bridge plays a pivotal role in connecting the 294-hectare Hiep Hoa Urban Area, one of Bien Hoa’s priority zones for urban development in the coming period.

Dong Nai Province in southern Vietnam organized the technical traffic opening of Thong Nhat Bridge, officially broke ground on the Cai Riverside Road project and marked the technical opening of the Long Khanh Ring Road 1 project on February 3.

The Thong Nhat Bridge is a key component of the Bien Hoa Central Axis road project, specifically the section stretching from Vo Thi Sau Street to Dang Van Tron Street.

The entire central axis spans approximately 5.5 km with a preliminary total investment of about VND1.5 trillion ($58 million).

This technical opening realizes a long-held aspiration of residents in Tran Bien Ward and the province at large, while helping to alleviate traffic congestion in the center of the former city of Bien Hoa,  and strengthening regional connectivity within the provincial capital.

Notably, Thong Nhat Bridge plays a pivotal role in connecting the 294-hectare Hiep Hoa Urban Area, one of Bien Hoa’s priority zones for urban development in the coming period.

On the same day, the provincial authorities commenced construction on the Cai Riverside Road, which is expected to form a new transport artery. This project aims to reduce congestion, enhance the urban landscape, and effectively utilize the space along both sides of the Dong Nai River.

Additionally, the Long Khanh Ring Road 1 project was officially opened for technical traffic. The route spans over 4 km with a 45-meter-wide roadbed and includes a railway overpass, drainage systems, lighting, and greenery.

Funded by the provincial budget with a total investment of approximately VND1.3 trillion ($50 million), the road will help reduce inner-city traffic pressure, complete the local ring road system, and provide space for the future urban expansion of Long Khanh.

Vneconomy-Tuấn Khang

SJC-branded gold bars increased by VND7.5 million ($286) per tael on February 3 compared to the previous day.

Gold prices in Vietnam rebounded on February 3 after falling for three consecutive trading sessions.

SJC-branded gold bars increased by VND7.5 million ($286) per tael compared to the previous day, with buying prices rising to VND170.5 million ($6,512) per tael and selling prices to VND173.5 million per tael.

One tael is equivalent to 37.5 grams, or about 1.2 ounces.

Gold ring prices also moved higher, increased by between VND4.5 million and VND7.5 million per tael, depending on retailers.

On the global market, gold prices likewise recovered after a three-day decline, climbing more than 3% to $4,806.4 per ounce. Despite the rebound, domestic gold prices remained approximately VND20.25 million ($773) per tael higher than international levels.

VnEconomy-Mai Nhi

Speaker of the Jordanian House of Representatives Mazen Turki El Qadi is on an official visit to Vietnam.

Vietnamese Prime Minister Pham Minh Chinh and Speaker of the Jordanian House of Representatives Mazen Turki El Qadi agreed to raise bilateral trade turnover to $500 million by 2030 and $1 billion by 2035, during their meeting in Hanoi on February 3.

They also agreed to accelerate market access for each side's competitive goods, support each other in ensuring food security, and develop the Halal industry.

PM Chinh emphasized that Vietnam is willing to ensure a stable and high-quality supply of agricultural and aquatic products for Jordan and welcomes Jordanian enterprises to the country to explore opportunities for investment and business cooperation.

Mr. El Qadi said Jordan considers Vietnam as an important partner in Asia, expressing his hope to strengthen bilateral ties, particularly in the fields of agricultural production, healthcare, pharmaceuticals, defense industry, cybersecurity, halal industries, and science and technology.

He proposed establishing a free trade zone for Vietnamese goods in Jordan to facilitate exports to the Middle East.

VnEconomy-Hà Lê

From strategic planning to high-standard supply-chain management, Classic Fine Foods (Vietnam) Co., Ltd. positions itself as a long-term partner to both suppliers and customers, with an emphasis on operational consistency and shared value creation. Integrity as a foundation for competitiveness

In the global culinary sector, where chefs shape brand identity and restaurants compete on differentiation, competitive advantage often begins with ingredient quality and authenticity. In markets where quality can be inconsistent, long-term success in the FB industry depends not only on culinary skill, but also on the reliability and professionalism of the supply chain that supports it.

Classic Fine Foods operates not simply as a distributor, but as a standards-driven intermediary between producers and professional kitchens. With operations in 10 countries across Europe, the Middle East, and Asia, the company has developed a model that prioritizes sourcing discipline, food safety, and long-term collaboration alongside operational efficiency.

A strategic focus on shared value

The company’s growth strategy is guided less by short-term expansion targets and more by a long-term view of sustainability and resilience. This approach aims to balance the interests of suppliers, the distributor, and FB operators within a single ecosystem.

Rather than concentrating exclusively on expanding physical infrastructure, such as warehouses or transport capacity, Classic Fine Foods focuses on strengthening its supply-chain network. The underlying assumption is that distributor stability is closely linked to suppliers’ access to reliable markets and customers’ ability to maintain consistent operational performance.

“Sourcing Excellence” and producer selection

Central to Classic Fine Foods’ positioning is its “Sourcing Excellence” framework, which emphasizes product origin, craftsmanship, and technical expertise. These criteria are applied alongside strict food-safety requirements throughout the production and handling process.

Products ranging from Wagyu beef and Iberico ham to seasonal truffles and salmon roe are subject to defined selection standards. The company prioritizes producers that demonstrate environmental responsibility, respect for local production traditions, and compliance with international food-safety and quality benchmarks.

Cold-chain management as an operational priority

While product quality begins at the source, it is preserved through logistics execution. Cold-chain management is treated as a core operational function within Classic Fine Foods’ supply model.

Temperature control is maintained across storage and transportation, supported by demand-forecasting tools designed to reduce waste and improve cost efficiency for HORECA customers. These systems are intended to support consistency rather than volume-driven growth.

A long-term view of partnership

Within Classic Fine Foods’ operating model, partnership is framed as a long-term commitment rather than a transactional relationship. By embedding consistent standards and predictability into the supply chain, the company aims to contribute to the ongoing professionalization and sustainability of Vietnam’s FB sector.

Contact information

Classic Fine Foods Vietnam

Hotline: +84 (0) 909 902 736

Website: https://shop.classicfinefoods.vn/

Email: contact@classicfinefoods-vn.com

-Insights from Mr. Antoine de la Mardiere, Operations Director, Classic Fine Foods Vietnam

If approved, the total investment for the entire section will rise to over VND9.4 trillion (nearly $362 million), with the implementation period projected for 2026–2028.

The Son La Provincial People's Committee in northern Vietnam has submitted a document to the Prime Minister, the Ministry of Construction, and the Ministry of Finance regarding a plan to upgrade and complete the Hoa Binh – Moc Chau expressway section passing through the province.

According to the People's Committee, the section is currently being implemented in phases. It is initially designed with two lanes and a roadbed width of 12m. However, specific sections involving deep cuts or high fills have already been designed to full-scale specifications with a roadbed width of 22 m.

The section spans more than 32 km, starting in Van Ho Commune—connecting to the segment passing through the former province of Hoa Binh (now part of Phu Tho Province) —and ending at the intersection with National Highway 43 in Van Son Ward. The current investment for this stage exceeds VND4.9 trillion (nearly $189 million). Construction started in May 2025, with completion expected in 2028.

Subsequent sections, including Moc Chau – Son La – Dien Bien – Tay Trang border gate, are currently being reviewed and studied for four-lane investment. Consequently, the provincial authorities argue that expanding the Hoa Binh – Moc Chau expressway to four lanes is essential to ensure consistency, improve operational efficiency, and align with the national policy of completing phased expressways.

The Provincial People's Committee noted that site clearance has already been conducted based on the full-scale design, which helps mitigate the risk of illegal land re-encroachment. Approximately 10 km, or 30% of the total length, has already had its roadbed constructed to the full-scale width. If the project is adjusted now, workers would only need to add the pavement structure, thereby reducing the construction workload and increasing traffic safety.

Furthermore, since the project is in its early stages, adjusting the design and organizing construction to full scale immediately is considered more advantageous than expanding the road after it has already been put into operation.

Under the proposed plan, the cost for the upgrade and expansion is estimated at approximately VNĐ4.5 trillion. If approved, the total investment for the entire section will rise to over VNĐ9.4 trillion (nearly $362 million), with the implementation period projected for 2026–2028.

Vneconomy-Đan Tiên

In addition, over 657,000 units are currently under construction.

More than 102,000 social housing units were completed nationwide in 2025, exceeding the annual target, according to the Ministry of Construction.

In addition, over 657,000 units are currently under construction.

The average housing floor area per capita reached 30 square metres, the ministry said at a recent press briefing in Hanoi reviewing the sector’s performance last year.

Infrastructure development was another highlight, with 53 major transport projects underway, including 15 newly launched and 38 completed during the year.

By the end of 2025, Vietnam had put into operation a total of 3,345 km of expressways and 1,701 km of coastal roads.

Several key projects were either launched or completed, including construction of Passenger Terminal T3 at Tan Son Nhat International Airport, expansion of Passenger Terminal T2 at Noi Bai International Airport, and progress on major components of the first phase of Long Thanh International Airport.

VnEconomy-Thanh Xuân

The move aiming to ensure that people across the country enjoy a safe, well-supplied and orderly Tet holiday.

Prime Minister Pham Minh Chinh has directed ministries, agencies and local authorities to ensure adequate supplies of essential goods and keep prices stable in preparation for the upcoming Tet (Lunar New Year) holiday.

In an official dispatch signed on February 1, the Prime Minister instructed the Ministry of Industry and Trade to closely monitor market developments and take measures to prevent supply disruptions and unreasonable price hikes.

He also called for stronger efforts to combat smuggling, trade fraud and counterfeit goods, while ensuring sufficient supplies of fuel and electricity for both production and daily consumption.

The Ministry of Agriculture and Environment was tasked with balancing supply and demand for food and other essential commodities across regions, as well as for export needs. The ministry was also urged to step up quality control, food safety management, and environmental protection.

VnEconomy-Dũng Hiếu

The proposed mechanism is not a "legal vacuum" but a controlled legal testing environment where new financial models can operate within limited time, space, and participation.

The University of Economics Ho Chi Minh City (UEH) on February 2 hosted a scientific conference titled "Research on a Controlled Testing Mechanism for Blockchain and Crypto Assets at the Vietnam International Financial Center - Ho Chi Minh City (VIFC-HCMC)."

The event attracted scientists, experts, government representatives, and business community members in the finance-technology sector.

The UEH is leading the research mission to provide scientific arguments for designing a legal testing framework at VIFC-HCMC. The research focuses on building a sandbox mechanism, evaluation criteria, and monitoring mechanisms for financial products using blockchain and crypto assets, aiming to complete the legal framework for financial technology in Vietnam.

At the conference, experts emphasized that a sandbox is not a "legal vacuum" but a controlled legal testing environment where new financial models can operate within limited time, space, and participation. Under strict supervision by regulatory authorities, businesses participating in the sandbox mechanism will be temporarily exempted from certain regulations that do not align with technological realities but must still bear full responsibility for arising risks.

The proposed sandbox model at VIFC-HCMC, developed by UEH experts, is based on lessons from over 95 economies that have implemented similar mechanisms, particularly in financial centers, like Singapore, Dubai, Hong Kong (China), and the UK. A common takeaway is that an effective sandbox requires a flexible legal framework, proactive monitoring mechanisms, a clear transition roadmap, and strict systemic risk limits.

The sandbox is also seen as an intermediary institutional tool, a practical testing ground to serve legal perfection, not a mechanism to mitigate legal responsibility. Associate Professor Dr. Nguyen Huu Huan, Executive Vice President of the International Financial Center in Ho Chi Minh City, stated that "VIFC-HCMC is oriented to become a policy and technology laboratory; gradually forming a financial technology center (Fintech Hub) in Southeast Asia and Asia. In this context, the sandbox plays a particularly important role in the development of VIFC-HCMC. Designing a sandbox mechanism requires in-depth research and contributions from both academia and market practitioners. The goal is to build a practical testing framework for Ho Chi Minh City, creating breakthroughs compared to other international financial centers worldwide."

Experts propose implementing the sandbox mechanism at VIFC-HCMC in three phases, starting with establishing a sandbox office and infrastructure for receiving applications, followed by controlled testing with pioneering businesses, and finally integrating the sandbox into the official management system. In the first year, 5 to 8 projects in areas such as P2P lending, e-wallets, real estate tokenization, or carbon credits are expected to be selected for testing.

A notable highlight in the proposal is the risk stratification for each financial product group: from high risk (directly related to cash flow and real assets) to medium and low risk (mainly monitoring tools or internal testing). Each group will apply separate conditions, limits, and monitoring standards.

"Sandbox needs to be designed at the intersection of the market and state management, where parties dialogue to establish appropriate 'tolerance thresholds,' creating policy consistency and effective market linkage, thereby forming a safe testing space and promptly resolving institutional bottlenecks," said Dr. To Cong Nguyen Bao, Representative of the Research Group, University of Economics Ho Chi Minh City.

Additionally, the model integrates performance, risk, and customer satisfaction evaluation indicators (three-layer KPIs), helping regulatory agencies closely monitor the testing process. Experts also emphasized that clearly distinguishing between relaxable regulations and mandatory requirements is crucial in ensuring transparency and safety. Requirements such as personal data protection, anti-money laundering compliance, technology security, and professional ethics must be strictly adhered to in all cases.

vneconomy-Ky Phong

Once fully operational, the project is expected to effectively prevent tidal flooding and provide a robust response to climate change for the city’s central areas.

The People's Committee of Ho Chi Minh City conducted an operational inspection of the Ben Nghe tide control gate and officially resumed Phase 1 of the project titled "Flood Mitigation for Ho Chi Minh City Considering Climate Change Factors" (commonly known as the "tide control project") on February 2.

This is a critical hydraulic infrastructure project for the city, designed to manage flooding caused by high tides and heavy rains. It also aims to bolster the city’s capacity for climate change adaptation in the face of rapid urbanization and challenging geological conditions.

The scale of the investment includes the construction of six large-scale tide control gates at major river mouths: Ben Nghe, Tan Thuan, Phu Xuan, Muong Chuoi, Cay Kho, and Phu Dinh, with widths (apertures) ranging from 40m to 160m. Additionally, the project includes two smaller gates at Cau Kinh and Ba Buom.

Parallel to the gates, the project features a 6-kilometer dyke and embankment system along critical sections of the Saigon River, stretching from Vam Thuat to the Kinh River. This system is integrated with 43 smaller tide control sluices with widths ranging from 1m to 10m.

The infrastructure is also equipped with a central management facility and a SCADA (Supervisory Control and Data Acquisition) automated system. This technology will allow for proactive and flexible monitoring, operation, and regulation of water levels throughout the city.

Once fully operational, the project is expected to effectively prevent tidal flooding and provide a robust response to climate change for the city’s central areas.

Deputy Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong noted that after several suspensions, the project has undergone a comprehensive overall review and status assessment of each component to provide a basis for further implementation. To date, the overall project has reached approximately 92% completion, with the main components largely finished.

Vneconomy-Song Hoàng

Starting from March 1, 2026, enterprises may suspend social insurance contributions if they are applying recovery procedures under the Law on Bankruptcy and Recovery 2025.

According to Vietnam Social Security, starting from March 1, 2026, enterprises may suspend social insurance contributions if they are applying recovery procedures under the Law on Bankruptcy and Recovery 2025.  The maximum suspension period is 12 months.

The Law on Social Insurance 2024, effective from July 1, 2025, stipulates that in cases where employers face difficulties and must suspend production or business activities, leading to both employers and employees being unable to pay social insurance, they are allowed to temporarily stop paying into the retirement and survivorship fund for a maximum of 12 months.

Article 86 of the Law on Bankruptcy and Recovery 2025 amended and supplemented several provisions of related laws and resolutions.

Specifically, Clause 2 of Article 86 revised Point a, Clause 1, Article 37 of the Law on Social Insurance 2024 as follows: “In cases where employers face difficulties and must suspend production or business activities, resulting in both employers and employees being unable to pay social insurance, or when employers are applying recovery procedures under the Law on Bankruptcy and Recovery 2025, they are allowed to temporarily stop paying into the retirement and survivorship fund for a maximum of 12 months.”

Thus, the Law on Bankruptcy and Recovery 2025 has added a new circumstance: employers undergoing recovery procedures are also entitled to suspend social insurance contributions into the retirement and survivorship fund, for a period not exceeding 12 months.

However, this suspension is only temporary. After the suspension period ends, or once the enterprise regains financial capacity, employers are responsible for resuming full social insurance contributions in accordance with the law, ensuring long-term benefits for employees.

The deadline for back payments is no later than the last day of the month following the end of the suspension period. The amount of back payment must equal the contributions owed during the months of suspension.

Vneconomy-Nhật Dương

The move aiming to facilitate production and trade, and stabilize the market.

The Ministry of Industry and Trade has called on relevant agencies and businesses to take steps to ensure an adequate supply of petroleum products, particularly before, during and after the upcoming Tet (Lunar New Year) holiday.

Wholesale fuel traders have been instructed to strictly fulfil their minimum petroleum supply quotas for 2026, proactively balance supply sources from both domestic production and imports, and maintain required reserve levels.

Production facilities, including the Dung Quat and Nghi Son refineries, have been asked to ensure safe and stable operations, maintaining output and delivery schedules. Any incidents or maintenance plans that could affect production must be reported promptly so that contingency measures can be prepared.

The ministry also stressed the need for measures to prevent disruptions to the distribution network and retail operations, ensuring sufficient fuel supplies to meet demand from both businesses and the public.

VnEconomy-Song Hà

Vietnam Customs has urgently issued an official dispatch to local customs regarding the implementation of tax obligation confirmation under the new regulations in Circular No. 121/2025/TT-BTC of the Ministry of Finance.

From February 1, 2026, the deadline for confirming the completion of import–export tax obligations will be set at a maximum of three working days, according to an official dispatch issued recently by Vietnam Customs, regarding the implementation of tax obligation confirmation under new regulations from Circular No. 121/2025/TT-BTC (Circular 121) of the Ministry of Finance,  which took effect on the same day.

This aims to standardize the processing of dossiers and strengthen control over tax debts in the customs sector, ensuring state budget revenues.

Circular 121 amended and supplemented several provisions on customs procedures, customs inspection and supervision, export and import taxes, and tax administration for exported and imported goods. 

Specifically, according to Clause 61, Article 1 of Circular No. 121, when taxpayers or competent state management agencies require confirmation of tax obligations—including tax amounts, late payment interest, fines, and other payments—they must submit a written request to the customs authority through the electronic customs data processing system, using the prescribed form.

For cases where electronic submission is not yet possible, taxpayers or competent agencies may submit paper dossiers to the nearest regional customs sub-department or customs unit where the enterprise, organization, or individual has its headquarters, branch, or production facility, as clearly stated in the Circular.

Based on these regulations, regional customs sub-departments and relevant customs units are instructed to receive and process tax obligation confirmation dossiers within the prescribed timeframe.

One notable point in the new procedure is that, from the moment the customs authority issues a written confirmation of completed tax obligations, enterprises will temporarily not be allowed to register new customs declarations.

At the same time, Vietnam Customs stated that this confirmation document will only take effect three days after the signing date.

This “waiting period” is designed to allow customs units to continue reviewing and reconciling import–export tax accounting data, ensuring timely detection of any outstanding or newly arising tax debts that may not yet be fully updated in the system.

Vneconomy-Hoàng Sơn