Scheduled for an 18-month implementation period, construction is set to begin in Q4 2025, with commercial operations expected to commence in Q4 2026.

The People's Committee of the central province of Quang Tri has officially approved the investment policy for the SCI Tan Thanh Wind Power Plant project, with a total investment capital estimated at over VND1.26 trillion ($48.5 million).

The project will be implemented in Huc, Ba Tang, and Huong Loc communes of Huong Hoa district, utilizing approximately 10.49 ha of land and operating for 50 years from the date of investor approval.

Scheduled for an 18-month implementation period, construction is set to begin in Q4 2025, with commercial operations expected to commence in Q4 2026.

The project aims to generate electricity from renewable energy and transmit and distribute power, with an estimated generation capacity of 30 MW. Key infrastructure will include wind turbine towers, internal roads, an operations building, and auxiliary facilities.

According to the Provincial Department of Industry and Trade, the province has planned 31 wind power projects, with a combined capacity of 1,177 MW. Currently, 20 wind power projects are in commercial operation, achieving a total capacity of 742 MW. Additionally, the Huong Linh 4 Wind Power Plant (30 MW) has completed construction and is finalizing procedures for commercial operation in 2025.

-Nguyễn Thuấn

The projected expressway will feature four lanes, adhering to expressway standards, with a design speed of 80-100 km/h.

The Ministry of Construction (MoC) has submitted to the Prime Minister a proposal of the investment plan for the Quang Ngai - Kon Tum Expressway project.

According to the MoC, the Vietnam National Road Network Plan (2021-2030), with a vision to 2050, outlines an expressway system for the Central - Central Highlands region, comprising 11 routes with a total length of approximately 1,496 km.

Among these, the East-West corridor connecting the south central coastal province of Quang Ngai to the Central Highlands province of Kon Tum includes the projected Quang Ngai - Kon Tum Expressway, originally planned to span 136 km with four lanes, slated for investment before 2030.  Under provincial plans for Quang Ngai and Kon Tum (2021-2030, with a vision to 2050), the expressway is designated as a priority road project for development within the timeframe.

Under the proposed investment plan, the expressway's length has been adjusted to 144 km, extending 8 km beyond the original plan to accommodate the complex terrain of Violak Pass and Mang Den Pass.

The expressway will feature four lanes, adhering to expressway standards, with a design speed of 80-100 km/h. The preliminary total investment for the project is estimated at VND44.3 trillion ($1.7 billion). Local authorities will be responsible for site clearance, while the central budget will cover construction, installation, and remaining costs.

-Thanh Thủy

Strong increase seen in public offerings, while private placements slowed.

Corporate bond issuance in the first quarter of the year reached VND25 trillion ($957 million), down 12% year-on-year, according to the latest report from VIS Rating.

The period saw a strong increase in public offerings, while private placements sharply slowed.

There were two private placements valued at VND2 trillion ($77.02 million). Meanwhile, public offerings amounted to over VND23.13 trillion ($886 million), up 68% year-on-year, marking a record high over the past five years.

The total value of outstanding corporate bonds was over VND1.26 quadrillion ($48.3 billion), increasing 4.9% year-on-year. The banking sector accounted for the largest proportion with 41.7%, followed by the real estate sector with 30.3%.

 

-Ngân Hà

The conference also saw calls for the US to open its market to Vietnamese imports of US high-tech goods and to develop a roadmap toward recognizing Vietnam as a market economy.

The Vietnam-US Trade Promotion Conference, organized by the Ministry of Industry and Trade (MoIT) on May 8, reinforced that Vietnamese export goods do not directly compete with US-made products and that Vietnam’s key export items comply with US technical standards.

The event was held to implement the Prime Minister’s directive on enhancing Vietnam-US trade relations, ensuring fairness, sustainability, and long-term development, while also supporting upcoming trade negotiations between the two nations.

Participants recognized the US as a comprehensive strategic partner and a major export market for Vietnam. Given its large scale, high annual growth rate, and economic significance, the US remains a priority for Vietnamese industry associations and businesses seeking to maintain, develop, and expand trade ties.

However, experts at the conference noted that the US is not the only potential market for Vietnamese goods, as Vietnam has 17 Free Trade Agreements (FTAs) covering nearly 70 major economies, offering numerous opportunities for cooperation and global business expansion.

To facilitate trade negotiations, the MoIT urged businesses, business associations, and industry groups with key exports to the US to provide specific data, figures, and compliance documentation demonstrating adherence to US standards. Additionally, businesses were encouraged to voice concerns through official letters and complaints submitted to US departments and other regulatory bodies, opposing unreasonable reciprocal tariff policies.

Further recommendations included enhancing cooperation with US investment and business partners to conduct lobbying and persuasion efforts, aimed at shaping perceptions and securing support from US consumers and policymakers for Vietnamese exports.

The conference also saw calls for the US to open its market to Vietnamese imports of US high-tech goods and to develop a roadmap toward recognizing Vietnam as a market economy.

Looking ahead, the MoIT emphasized the need for business restructuring, particularly in green transformation, digital transformation, and development based on innovation, science, and technology. This would involve diversifying industries, markets, supply chains, and export products, ensuring sustainable long-term growth for Vietnam’s economy.

-Vũ Khuê

The request aims to support the Government and the negotiating team in ongoing bilateral trade talks with the United States.

The Ministry of Industry and Trade (MoIT) has requested enterprises and business associations of key exports to continue providing detailed information and data to demonstrate the compliance of Vietnamese goods regarding origin rules and other requirements set by the US side for products produced in Vietnam, in a bid to support the Government and the negotiating team in ongoing bilateral trade talks, according to a report released by the Vietnam News Agency on May 10.

The State-run news agency quoted the MoIT as reporting that Vietnamese goods do not directly compete with US-made products and therefore do not undermine the interests of American producers and businesses. On the contrary, they enable US consumers to access quality products at affordable prices.

Moreover, Vietnam's key exports to the US generally comply with American technical standards, including product specifications and origin requirements. Vietnam also stands ready to clarify and address any concerns raised by US importers regarding goods produced in the country.

While the US is a large and important market with substantial scale and solid annual growth and remains a priority market that industry associations and businesses in Vietnam seek to maintain and expand, it is not the only market with potential advantages for Vietnamese goods. With 17 free trade agreements covering nearly 70 major economies, Vietnam enjoys broad opportunities for business cooperation with great countries and economies worldwide.

As Vietnam faces the possibility of the US's unreasonable reciprocal tariffs, the MoIT seeks to gather feedback and positions through letters and petitions from relevant ministries and sectors, as well as from industry associations and exporters in textiles, footwear, electronics, steel, aluminum, cashew nuts, and mechanical engineering.

Besides, the ministry has called for continued coordination with US business and investment partners to raise awareness, thereby garnering support from American consumers and policymakers for maintaining the normal flow of Vietnamese goods into the US market. Vietnam also urges the US to soon open its market to hi-tech American products exported to Vietnam and to consider recognizing Vietnam as a market economy on a clear roadmap.

In the long term, the MoIT has also recommended businesses focus on accelerating restructuring efforts, particularly by greening and digitizing their production, and driving growth through innovation, science, and technology. Enterprises have been urged to restructure their industries and markets by diversifying export markets, supply chains, and product portfolios to ensure sustainable development.

-Vân Nguyễn

At the Second Special ASEAN Economic Ministers' Meeting on negotiations for upgrading ATIGA, held online on May 9, Minister Nguyen Hong Dien urged ASEAN members to continue fostering unity, work towards resolving outstanding differences, and ensure the upgraded ATIGA is feasible, effective, and sustainable for all parties.

The ASEAN Economic Ministers acknowledged that after 14 official negotiating rounds, ASEAN countries have now completed nearly 98% of the negotiation process for the upgrade of the ASEAN Trade in Goods Agreement (ATIGA).

On May 9, the Second Special ASEAN Economic Ministers' Meeting on negotiations for upgrading ATIGA was held online, chaired by Singapore’s Deputy Prime Minister and Minister for Trade and Industry.

Vietnam's delegation was led by Minister of Industry and Trade Nguyen Hong Dien, alongside representatives from the ministries of Finance, and Justice.

Given the rapidly evolving global trade environment, the ministers emphasized that finalizing the negotiations would send positive signals to the business community, reaffirming ASEAN’s commitment to regional economic integration by reducing trade barriers, facilitating trade, enhancing supply chain connectivity, and underscoring ASEAN’s support for an open, transparent, and rules-based multilateral trading system.

Based on the report from the Chair of the ATIGA Upgrade Trade Negotiating Committee (TNC), ministers provided guidance on a flexible, practical, and mutually beneficial approach to concluding negotiations. They reaffirmed their commitment to finalizing the agreement and signing the upgraded ATIGA as planned.

Vietnam’s Minister Nguyen Hong Dien voiced strong support for the early conclusion of negotiations, praising the progress made by the TNC and technical working groups.

He also urged ASEAN members to continue fostering unity, work towards resolving outstanding differences, and ensure the upgraded ATIGA is feasible, effective, and sustainable for all parties.

The meeting successfully laid the groundwork for upcoming negotiating rounds, setting the stage for the signing of the Second Protocol upgrading ATIGA during the ASEAN Summit.

-Vũ Khuê

This event highlights a shared commitment to developing smarter, greener, and more livable cities in Vietnam, while deepening economic and trade relations between Australia and Vietnam.

The Australia-Vietnam Smart Cities Business Forum 2025 successfully took place at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City on May 8, as part of Smart City Asia 2025.

Organized by the Australian Trade and Investment Commission (Austrade) in Vietnam, the event was attended by representatives from government agencies, businesses, academic institutions, and other organizations from both Vietnam and Australia.

The event marked a shared commitment to building smarter, greener, and more livable cities in Vietnam, while strengthening economic and trade ties between the two countries, particularly in the digital economy.

It built on insights from the Smart City Focus Group - Vietnam Market Deep-Dive, which was held by Austrade, in collaboration with Startup Vietnam Foundation, on April 25, 2025 in Ho Chi Minh City,  laying a groundwork for identifying Vietnam’s smart city landscape, challenges, and cooperation opportunities.

In his opening remarks, Mr. Jonathan Saw, Trade and Investment Commissioner to Vietnam for Austrade, highlighted the importance of the Australia-Vietnam partnership, especially following the elevation of diplomatic ties to a Comprehensive Strategic Partnership in 2024.

"The digital economy is a priority for enhancing two-way trade and investment. Austrade Vietnam’s Landing Pad initiative is driving Australian technologies to the region, supporting digital transformation, and fostering partnerships with Vietnamese stakeholders to co-develop solutions tailored to local needs," Mr. Saw said. 

 He also noted the participation of a delegation of 13 Australian companies, showcasing their world-class digital innovation capabilities and commitment to sustainable urban development.

CONTEXT AND CURRENT STATUS OF SMART CITY DEVELOPMENT IN VIETNAM

Vietnam is at a "golden moment" for smart city development, driven by rapid urbanization, a growing middle class, and a high internet penetration rate (nearly 80 per cent of the population). As of 2023, 48 out of 63 provinces and centrally-run cities have implemented smart city schemes, with over 40 provincial-level and nearly 100 district-level Intelligent Operations Centers (IOCs) focusing on traffic, healthcare, education, and disaster warning systems.

However, experts noted that the country faces significant challenges, including urbanization pressures, environmental pollution, infrastructure demands, and an aging population, often described as “not yet rich but already aging,”  necessitating efficient resource allocation and smarter urban management.

Mr. Jonathan Saw, Trade and Investment Commissioner to Vietnam at Austrade speaks at the forum.

Along with that, a key issue is the user-centricity gap, where initiatives often prioritize technology over residents’ actual needs. Strategic long-term planning is lacking, with fragmented solutions leading to inefficiencies. Data security and privacy concerns, despite progress with Decree 13/2023/ND-CP on personal data protection, hinder user trust due to risks like data leaks and spam calls.

Infrastructure limitations, such as unreliable internet connectivity (dependent on submarine cables) and insufficient power transmission capacity, further impact smart city services, particularly with rising demands from AI centers and green transportation. Additionally, high initial capital costs, regulatory gaps in AI and data governance, and cultural barriers like risk aversion slow down progress.

OPPORTUNITIES AND FUTURE DIRECTIONS WITH AUSTRALIAN COLLABORATION

Despite these challenges, Vietnam’s smart city market presents immense opportunities, with a projected market size of $1.36 trillion in 2024, expected to grow to $3.84 trillion by 2029 with compound annual growth of 23.3-30.2 per cent.

The government’s commitment to digital transformation, supported by policies like Decision No. 950/QD-TTg (which approved Scheme for development of smart sustainable cities in Vietnam in the 2018 – 2025 period, with a vision to 2030) and the National Digital Transformation Program, has created a favorable environment for investment. The Focus Group highlighted opportunities in sectors like AI, cybersecurity, smart mobility, telemedicine, and sustainable energy, where Australian expertise can make a significant impact.

Australian companies at the forum also showcased innovative solutions in energy optimization, clean energy, traffic safety management, infrastructure optimization, and digital transformation services for tourism, green transition, and ESG compliance.

For instance, Australia’s advanced capabilities in 5G connectivity, data centers, and renewable energy align with Vietnam’s needs for stable technical infrastructure and sustainable urban development. The forum emphasized the potential for multilateral collaboration—government, businesses, research institutions, and communities - to address challenges and unlock Vietnam’s smart city potential.

During the panel discussion at the forum, experts from Australia and Vietnam also exchanged insights on the current situation and future potential of smart city development.

Panelists from Vietnamese-German University UN-Habitat, i.Value Corporation, Golden Gate Ventures, EVN HCMC, and the Australian Trade and Investment Commission emphasized the importance of public-private partnerships in smart city development.

Especially, while private sector and business partners, including the start-up community, can take the lead in having innovative solutions to answer the needs of citizens, governments should have a more proactive role in providing an enabling institutional framework, ensuring people-centric design, and preparing technical standards toward sustainability and long-term interoperability to assure that smart cities will serve for a better quality of life in the long run.

The dialogue marked a step forward in knowledge sharing and international cooperation. Australian businesses are well-positioned to support Vietnam in building integrated platforms, enhancing digital literacy, and adopting a long-term vision for sustainable urban growth.

 

Landing Pads is an Australian Government’s initiative to help export-ready Australian tech businesses to expand globally. Established since 2017, Landing Pads are now available in Singapore, Bengaluru, Shanghai, London, San Francisco, Jakarta and Ho Chi Minh City.

The Landing Pad in Ho Chi Minh City, Vietnam was launched last year during a Southeast Asia Business Exchange ‘Partnering for a Digital Future’ mission to Vietnam, following an announcement by the Australian Prime Minister at the ASEAN-Australia Summit in Melbourne on March 5, 2024.

The Landing Pad provides on-the-ground support for market ready Australian technology startups and scaleups to develop an effective go-to market strategy and secure partnerships in Vietnam that contribute towards Vietnam’s burgeoning digital transformation agenda.

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-Phuong Hoa

The event attracting 400 delegates, including leading AI businesses and experts.

An AI conference titled "Artificial Intelligence – A New Driving Force for Da Nang's Development" opened in central Da Nang city on May 9.

The conference attracted nearly 400 delegates, including representatives from the Ministry of Science and Technology, the National Innovation Center (NIC), leading AI businesses and experts, as well as foreign diplomatic missions in Vietnam.

At the plenary session, experts discussed issues relating to AI development strategies and orientations in Da Nang and Vietnam as well as shared global insights on AI development and applications, highlighting opportunities for Da Nang while addressing the challenges and proposing solutions needed to foster investment in the sector.

Vice Chairman of the municipal People’s Committee Ho Ky Minh said the conference offered an opportunity for the city to introduce its AI development potential, advantages and preferential policies.

On the sidelines of the conference, an exhibition was held to showcase AI technology products, AI ecosystems, and policies aimed at encouraging AI development in the central city.

 

-Ngô Anh Văn

Cumulatively, by the end of April 2025, Vietnam had 1,880 active investment projects abroad with a total registered capital exceeding $22.95 billion.

According to figures from Ministry of Finance (MoF), in the first 4 months of this year, Vietnam has invested in 43 overseas projects, with the total of capital reaching $309.3 million, 3.1 times higher than the same period last year.

In terms of the sector,  electricity, gas, hot water, steam, and air conditioning production and distribution sector took the lead with $111.2 million, accounting for 36 per cent of the total Vietnam's oversea investment in the four months.

It was followed by the manufacturing and processing industry with $65.6 million (21.2 per cent), and transportation and warehousing with $50.5 million (16.3 per cent).

In terms of investment destinations, in the first four months of 2025, Vietnamese investors poured capital into 24 countries and territories. Laos topped the list with $140.6 million, accounting for 45.5 per cent of Vietnam's total oversea investment in the four months, followed by Indonesia with $59.1 million (19.1 per cent), and then the Philippines with $34.26 million (11.7 per cent), Japan with $26.07 million (8.4 per cent), and the British Virgin Islands with $21 million (6.7 per cent).

Cumulatively, by the end of April 2025, Vietnam had 1,880 active investment projects abroad with a total registered capital exceeding $22.95 billion.

-Phuong Hoa

China, Japan and the US remaining key export markets.

Vietnam’s exports of aquatic products earned $3.3 billion in the first 4 months of this year , marking a year-on-year increase of 21%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

In April alone, the export revenue reached $894.2 million, up 15% compared to the same period last year.

Shrimp remained the leading export product, with value estimated at $1.27 billion in the four-month period, surging 30% year-on-year. The growth was driven by strong consumer demand in major markets such as China, the EU, and Japan.

It was followed by pangasius (tra fish) with $632.7 million, rising 9%; and tuna with $304.2 million, up 1%.

China (including Hong Kong) led all export markets, with total revenue reaching nearly $710 million, skyrocketing 56% year-on-year. It was followed by Japan with $536.6 million, jumping 22%.

 

-Minh Huy

Belgium is keen to cooperate with Vietnam on strengthening the latter’s sustainable waste management.

As Vietnam’s cities expand at an unprecedented pace and industrial parks multiply in number, the country faces a growing dilemma: how to manage the mounting waste that comes with rapid development. From household trash piling up along city streets to hazardous medical and industrial waste straining existing systems, the challenge is clear: without innovative solutions, environmental and public health risks will only escalate.

According to figures from the Institute of Strategy and Policy on Agriculture and Environment (ISPAE), Vietnam generates an estimated 25 million tons of municipal solid waste (MSW) per year, with daily waste output of 67,877 tons. Urban areas contribute 38,143 tons per day (56.2 per cent), while rural areas account for 29,734 tons (43.8 per cent). Despite significant effort, only 88.34 per cent of this waste is collected and processed nationwide, with urban centers achieving a collection rate of 96.60 per cent and rural areas lagging behind at 77.69 per cent. Alarmingly, the volume of municipal waste is rising at an average rate of 10-16 per cent per year in cities, signaling an urgent need for more efficient waste management and recycling strategies.

Despite the challenges, a promising Vietnam-Belgium partnership is emerging to address the country’s waste crisis. Belgium, a global leader in waste recycling, follows a structured approach: preventing waste, maximizing reuse, and minimizing the environmental impact. This cooperation holds the potential to modernize Vietnam’s waste management sector, making it not only more efficient but also more environmentally-sustainable, ensuring that as the country continues to grow, it does so in harmony with its surroundings.

Exploring potential

Speaking at the “Unlocking Opportunities in Vietnam’s Solid Waste Management Recycling Sector” seminar, held by the Wallonia Export Investment Agency (AWEX) on the sidelines of the State visit by Belgian sovereigns to Vietnam, Mr. Adrien Dolimont, Minister-President of the Wallonia Region, emphasized that waste management and recycling represent two of the most critical challenges facing our world today. “The choices we make, the technologies we develop, and the partnerships we form will determine the health and prosperity of our planet for generations to come,” he said.

Belgium, and Wallonia in particular, has long been a pioneer in environmental sustainability and circular economy practices, Mr. Dolimont noted. Through continuous investment in research and development, Belgian companies have established themselves as global leaders in waste management and recycling technologies. “Belgium is proud to stand alongside Vietnam and our partners worldwide in this shared commitment to a cleaner, more sustainable planet.”

For his part, Deputy Minister of Agriculture and Environment Le Cong Thanh acknowledged that while Vietnam has set ambitious goals for solid waste management and strengthened its legal framework, major challenges remain. The country is grappling with a shortage of sanitary landfills, a lack of advanced and efficient waste treatment technologies, and limited financial and technical resources for waste management. Inadequate focus on waste reduction, reuse, recycling, and energy recovery has also resulted in an overreliance on landfilling; a practice that is neither sustainable nor efficient.

Recognizing the immense potential for collaboration between Vietnam and Belgium in tackling these challenges, Deputy Minister Thanh called on Belgium to support Vietnam with technical expertise and the transfer of cutting-edge technologies in waste treatment, recycling, and energy production from waste. He emphasized that Belgium’s successful models, particularly those implemented in Wallonia, could serve as valuable blueprints for Vietnam’s efforts. “Vietnam is eager to strengthen cooperation in research and specialized training, particularly in enhancing the skills of local environmental management and technical teams,” he said.

Beyond technology transfer, he suggested that both countries work together to develop pilot projects in circular economy and waste management across select Vietnamese provinces. These initiatives could serve as testbeds for innovative solutions, laying the groundwork for nationwide adoption and transforming Vietnam’s approach to waste management in a more sustainable and forward-thinking direction.

Rethinking recycling

Building a sustainable supply chain for recycling, construction, and liquid waste in Vietnam remains a significant challenge. Despite growing awareness and efforts, multiple barriers hinder progress.

Professor Luc Courard from Liege University in Belgium paints a complex picture of the challenges facing Vietnam’s recycling industry, particularly in construction and demolition waste. He points out that while recycling is often seen as the solution, the real priority should be reducing waste in the first place. “Recycling is not the best solution,” he said. “The best solution is to produce less waste. But since we cannot imagine a world without waste, we must find ways to make the most of what we discard.”

One of the greatest barriers is technical - the need for proper sorting and dismantling at the source. Instead of demolishing buildings and mixing all materials together, he advocates for careful deconstruction. Processing methods like crushing and grinding must also be efficient, as recycled aggregates and sand are low-value materials that cannot justify expensive treatments.

Another challenge is economic. The cost of transportation often outweighs the value of the recycled material. Professor Courard shared an example from Belgium, where if recycled aggregates need to be transported over 50 km, they become more expensive than natural alternatives. In Vietnam, with its vast geography and scattered recycling facilities, this issue is even more pronounced.

Regulation also plays a crucial role. He stressed the importance of policy support to encourage businesses to use recycled materials. Without legal incentives, many developers will always prefer virgin materials.

Finally, there is the issue of public perception. Many still see recycled materials as inferior, despite their potential. “The challenge is not just technical, it’s social,” Professor Courard said. “We need to change mindsets.” He believes Vietnam can follow the European model, where nearly 30 per cent of construction aggregates now come from recycled sources. But to get there, the country must focus not just on recycling, but on rethinking how waste is handled at every stage, from design to demolition.

Long-term commitment

Belgium’s support for Vietnam in waste management extends far beyond technology transfer; it is a long-term commitment to sustainable development. Belgian experts emphasize that their role is not just to introduce solutions but to ensure they remain effective for years to come.

Mr. Pierre Mottet, Chairman of Ion Beam Applications SA, highlighted this approach. “Once a solution is implemented, we ensure follow-up with local teams to make sure it remains effective, not just immediately, but for years to come,” he said. Belgium’s involvement, he continued, focuses on capacity building and continuous improvement rather than quick fixes.

He also pointed out that replacing thermal-based treatment methods with cold-processing techniques could be a game-changer for Vietnam. “We are working on analogs to explore alternatives to thermal-based processes, which are energy-intensive and difficult to manage,” he explained.

In the construction sector, Professor Courard emphasized Belgium’s proactive stance in managing construction and demolition waste. He cited Wallonia’s 1990s decision to ban landfill storage of inert materials as a crucial policy that drove circular economy initiatives. “Since they are largely inert and environmentally stable, they can be reused efficiently in the construction industry,” he noted. He encouraged stronger collaboration between Vietnam’s government, research institutions, and private sector to develop similar policies that promote sustainability.

Beyond technology, Belgium also provides financial support to facilitate the adoption of these innovations. Mr. Mottet pointed out that securing international funding is crucial for Vietnam, where large-scale environmental projects require both technical expertise and financial backing.

Belgian firms are also transforming medical waste treatment. Mr. Olivier Dufrasne, President of Ecosteryl, contrasted his company’s technology with traditional methods. “I don’t think I need to explain why incineration is harmful to the planet,” he said. “Just step outside and look at the sky. It’s clear that we need to reduce it, especially for medical waste.” His company’s system operates solely on electricity, producing no emissions, wastewater, or steam. By integrating solar energy, these machines offer a self-sufficient solution ideal for regions with unstable electricity grids.

As Vietnam moves towards a circular economy, Belgium’s contributions in waste management, construction, and medical waste treatment offer not just technology but a roadmap for lasting, sustainable change.

-Linh Tong

The Mang Den and Van Phong airports will be built in Central Highlands' Kon Tum province and south-central Khanh Hoa province, respectively.

Deputy Prime Minister Tran Hong Ha has approved the inclusion of Mang Den and Van Phong airports into the national airport development plan for the 2021–2030 period, with a vision towards 2050.

Earlier, the Ministry of Construction proposed the Government considering the development of the two projected airports.

As proposed, the Mang Den airport will be built in Mang Den town in Central Highlands’ Kon Tum province, around 73 km from Pleiku airport in Gia Lai province, 105 km from Phu Cat airport in Binh Dinh province, and 93 km from Chu Lai airport in Quang Nam province. It will cover some 350 ha. The airport is expected to serve up to one million passengers annually by 2030.

Meanwhile, the Van Phong airport is planned in Van Ninh District of south-central Khanh Hoa province, about 108 km from Cam Ranh airport in the same province, and 48 km south of Tuy Hoa airport in Phu Yen province. It will cover approximately 497 ha. The projected airport is designed with a capacity of 1.5 million passengers annually by 2030, with a long-term projection of 2.5 million by 2050.

 

 

 

-Phương Nhi

There are 16 new projects, including five FDI projects.

Central Nghe An province attracted over VND7.45 trillion ($285 million) worth of investment capital in the first four months of the year, according to the provincial People’s Committee.

The provincial authorities granted investment licenses for 16 new projects with total registered investment capital of over VND2.6 trillion ($99.6 million). Of the total, there are five FDI projects with combined registered investment capital of $63.5 million, accounting for 61.7% in terms of capital. Domestic-invested projects contribute VND995.5 billion ($38.1 million), equivalent to 38.3%.

Meanwhile, some 16 projects were licensed to increase capital by a total of more than VND4.85 trillion ($186 million), including five FDI projects with registered capital of $58.9 million.

In April alone, the province lured VND736 billion ($28.1 million) of investment capital. Authorities approved investment policy or granted investment certificates for six new projects, worth VND377.2 billion ($14.4 million) in total.

-Nguyễn Thuấn

The increase aimed at offsetting rising input costs.

The Vietnam Electricity Group (EVN) starts to increase the average retail electricity price by 4.8% from May 10, the group announced on May 9.

The price is raised from VND2,103.12 to VND2,204.064 per kWh, excluding value added tax (VAT).

Since early 2023, electricity prices have been increased four times, 3%, 4.5%, and two consecutive 4.8%.

The latest increase is aimed at offsetting rising input costs as Vietnam becomes increasingly dependent on high-cost power sources such as coal, liquefied natural gas and renewable energy, according to EVN.

Cost-effective hydropower is projected to make up for just 25% of the national electricity output by 2025, while the remaining 75% to be sourced from high-cost power sources such as imported coal and LNG.

In addition, volatile foreign exchange rates, especially rising US dollar, also causing high generation costs.

 

 

-Huyền Vy

AB InBev celebrates four consecutive wins at Vietnam’s Golden Dragon Awards for its impactful sustainable development and community initiatives.

Anheuser-Busch InBev (AB InBev) is proud to be honored once again at the Golden Dragon Awards 2025, as it continues to dream to “create a future with more cheers.” Being recognized for four consecutive years acknowledges AB InBev's efforts in maintaining sustainable development and its activities contributing positive value the company brings to the community.

Advancing sustainably to a future with more cheers

Over two decades (since 2001), the Golden Dragon Awards, initiated and organized by the Tap chi Kinh te Viet Nam / VnEconomy / Vietnam Economic Times in coordination with relevant ministries and agencies, have accompanied and honored businesses with outstanding business results, valuable contributions to the community, and the Vietnamese economy. Especially in recent years, the awards have focused on performance in environment-related activities. One such activity is sustainable development, which is also one of the commitments AB InBev has maintained over the years.

For AB InBev, 2024 was a journey marking proud contributions and efforts in the company's sustainability development activities in Vietnam. Specifically, the Golden Dragon Award 2025 is significant recognition.

In 2024, the company implemented many practical activities, such as a workshop in collaboration with the Binh Duong Provincial Department of Natural Resources and Environment on the occasion of World Water Day, and the "Love Water – Act Green" dance cover contest in partnership with the Vietnam Youth Federation. This campaign spread awareness and enhanced community understanding of protecting and conserving clean water resources in daily life, especially amidst the alarming El Niño weather phenomenon. Notably, the dance cover contest alone attracted a large number of interested and responsive young people, including students.

In addition, the “Enjoy Beer Responsibly – Because Someone Needs You” campaign brought positive value to the community. AB InBev collaborated with popular technology-based ride-hailing applications in Vietnam to enhance individual responsibility after social gatherings by encouraging consumers to use public transport after drinking beer, offering super discount vouchers for booking rides via the apps. This contributes to building a culture of responsible beer consumption and road safety. Furthermore, through the seminar “CSR – Invest in a Sustainable Future,” AB InBev shared how the company is implementing strategies in sustainability development activities. Through these useful insights, the company demonstrated its commitment to long-term sustainable development and its role in leading the way in this field.

Dedicated to advancing local sustainable development

Sharing from the company representative, Ms. Bui Thi Ngoc Kieu – Legal and Corporate Affairs Associate Director, Southeast Asia region: “We are honored to have the opportunity to receive the award recognizing positive contributions to sustainable development at this year's Golden Dragon Awards. This is a testament to the tireless efforts of the entire AB InBev team in delivering quality products to consumers, alongside our strong commitment to sustainable development. The company continues to affirm and commit to sustainable development through many practical activities, contributing even more to the community and the local economy, realizing the dream ‘create a future with more cheers.’”

The Golden Dragon Award holds great significance for AB InBev, affirming the company's efforts not only in achieving business success but also in creating positive impacts on the environment and community in Vietnam. Once again, with the dream “create a future with more cheers,” AB InBev commits to continuing its journey of partnership and development, bringing substantial value to consumers and the community.

 

Anheuser-Busch InBev (abbreviated as AB InBev) is headquartered in Leuven, Belgium, and has a significant presence in many countries. In Vietnam, AB InBev operates two breweries, and our brands here include Budweiser®, Hoegaarden®, and Corona®. Building on over 600 years of heritage, we dream big to create a future with more cheers in Vietnam.

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-Diep Linh

Experts at the dialogue underscored the urgency of crafting timely and effective response strategies to mitigate potential disruptions.

Vietnam must take proactive steps to minimize the adverse effects of US reciprocal tariffs on its export enterprises while safeguarding domestic market stability and supply chains, according to economic experts.

These recommendations were highlighted during the Policy Dialogue on “US Reciprocal Tariffs: Impacts and Strategic Adjustments for Vietnam”, held on May 8 in Hanoi.

Speaking at the dialogue, Prof. Dr. Nguyen Thanh Hieu, Vice Rector of the National Economics University (NEU), stressed that the new US tariff policy significantly affects not only major economies like China,  the European Union (EU), among  others, but also countries deeply integrated into global supply chains—Vietnam included.

Vietnam’s exports to the US primarily consist of processed and manufactured goods across key sectors, including electronics, components, telecommunications, textiles, footwear, and wood products. The majority of these exports originate from the foreign direct investment (FDI) sector in Vietnam, a crucial driver of Vietnam’s economic growth.

"The new US tax policy poses a direct challenge to our strategic export sectors, impacting not just trade volumes but also future FDI inflows into Vietnam," Mr. Hieu warned.

Experts at the dialogue underscored the urgency of crafting timely and effective response strategies to mitigate potential disruptions.

Assoc. Prof. Dr. Phan Huu Nghi, Deputy Director of NEU’s Institute of Banking and Finance, advised that Vietnam should focus on minimizing the negative impacts of reciprocal tariffs while simultaneously ensuring domestic market stability, supply chain resilience, and investor confidence. Turning these challenges into a catalyst for reform could ultimately strengthen the country’s global competitiveness.

Further diversification of export markets is also crucial. Dr. Nghị suggested leveraging free trade agreements such as EVFTA, CPTPP, and UKVFTA to expand Vietnam’s presence in regions including the EU, India, the Middle East, and Africa, reducing reliance on any single market.

Beyond merely responding to challenges, Vietnam has an opportunity to redefine its long-term development strategy. Experts anticipate that traditional industries and services may become obsolete due to advancements in digital transformation, robotics, and artificial intelligence (AI).

To remain competitive, Vietnam should ramp up investment in high-tech sectors such as semiconductors, AI, software development, and new materials, while creating conditions for deeper engagement from US businesses in the domestic economy.

Assoc. Prof. Dr. Ta Van Loi, Dean of NEU’s School of Business, emphasized the need to accelerate the expansion of Vietnam’s private economic sector, which plays a pivotal role in job creation, budget contributions, and innovation.

To achieve this, the Vietnamese government must continue pushing forward with institutional reforms, simplifying administrative procedures, and ensuring a fair, transparent, and highly competitive business environment—allowing the private sector to emerge as a true powerhouse of economic growth.

-Gia Huy

The central province's seaports handled a total cargo throughput of 34.15 million tons in 2024.

The Vietnam Maritime and Waterway Administration has submitted a draft detailed plan to the Ministry of Construction, outlining the development of central Ha Tinh province's seaport land and water areas for the 2021–2030 period, with a long-term vision extending to 2050.

According to the proposed plan, the province is set to expand its seaport infrastructure significantly by 2030, with 13 port areas comprising 36 to 44 quays.

The total quay length is projected to range from 7,509 to 9,653 m. Cargo throughput via the seaport system is expected to reach between 46.3 and 83.5 million tons annually, including container cargo estimated at from 100,000 to 140,000 TEUs.

To accommodate these developments, the province will require approximately 241 ha of land and a water surface area of over 29,530 ha. The estimated investment capital for the seaport system stands at more than VND14 trillion ($539.5 million).

The draft plan also outlines key priority investment projects, including the development of berths in the Vung Ang and Son Duong port areas, along with upgrades to the public maritime infrastructure system.

Among the notable projects are the Vung Ang navigation channel to be dredged and enhanced to accommodate 50,000 DWT vessels, the second phase of breakwater construction, a storm anchorage system, and a maritime traffic coordination system (VTS).

According to the Vietnam Maritime and Waterway Administration, Ha Tinh's seaports handled a total cargo throughput of 34.15 million tons in 2024, highlighting its  regional  growing role in Vietnam’s maritime sector.

-Phương Hoa

The route witnessing an annual increase of 11% in traffic volume over the past few years.

The Hanoi - Bac Giang expressway has been proposed to expand from current six lanes to 10, instead of 8 lanes as initially projected expansion scheme, to deal with rising traffic volume.

Investment will be made in the form of public-private partnership (PPP), according to the proposal submitted by the Hanoi-Bac Giang BOT JSC, the investor of the expressway.

The expressway is operating beyond its designed capacity, causing frequent congestion, safety risks, and higher logistics costs, according to the company.

The expressway currently sees more than 53,000 vehicles daily, on average, exceeding its designed capacity. Traffic volume has increased by around 11% annually over the past three years.

Under the road network plan for 201-2030 period with a vision to 2050, which was approved by the Prime Minister, the Hanoi – Bac Giang – Lang Son expressway has a total length of 137km with six lanes. Of which, the Hanoi – Bac Giang section, which also runs through Bac Ninh province, is 46 km long and is initially projected for expansion to eight lanes.

 

-Huỳnh Dũng

Vietnam Airlines initially operates two weekly flights on the route, starting from May 8.

Vietnam Airlines officially resumed its direct flights between Hanoi and Moscow (Russia) on May 8, after three-year suspension.

The national flag carrier initially operates two weekly flights on the route, on Tuesdays and Thursdays.  It plans to increase the frequency to three flights per week beginning in July 2026 in response to growing demand. 

According to Mr. Le Hong Ha, President and CEO of Vietnam Airlines, the relaunch of direct flights between Hanoi and Moscow will significantly strengthen air connectivity between Vietnam and Russia.

“More than just linking two destinations, these flights serve as ‘ambassadors,’ promoting deeper cooperation and understanding as we enter a new chapter in our bilateral relationship,” Mr. Ha said.

Russia remains one of Vietnam’s key tourism markets. According to the Vietnam National Authority of Tourism, Vietnam welcomed over 232,000 Russian visitors in 2024, up 85 per cent compared to 2023. 

In the first four months of 2025, some 166,460 Russian tourists arrived in Vietnam, up 210.9 per cent compared to the same period last year. In 2019, Russian also ranked as Vietnam’s top European source market for tourism.

For Russian travelers, the Hanoi - Moscow air route offers a direct gateway to captivating natural landscapes and rich cultural heritage of Vietnam, as well as convenient onward connections to other Southeast Asian destinations. Likewise, the route provides Vietnamese passengers with greater access to Moscow and beyond, including Europe and Central Asia.

The route from Hanoi to Moscow will not only restore a vital air link between Vietnam and Russia but also create more convenient travel opportunities for tourists, business travelers, and overseas Vietnamese communities.

-Phuong Hoa

Dr. Tran Chi Thanh, President of the Vietnam Atomic Energy Institute (VINATOM), tells Vietnam Economic Times / VnEconomy’s Phan Anh that among the most critical issues in developing nuclear power in Vietnam is human resources.

Nuclear power has been included in the first adjustment to the National Power Development Plan VIII (PDP8), with a projected capacity of 6,000-6,400 MW and operations expected to begin between 2030 and 2035. What is VINATOM’s perspective on this?

Nuclear power plays a crucial role in the revised PDP8. However, determining the appropriate capacity must be based on scientific evidence and comprehensive calculations. It is also essential to consider the development strategy, potential partners, and the technology to be used, as different countries employ varying technologies and reactor capacities. Once the decision to develop nuclear power is made, it must be implemented at a sufficient and significant scale to meet the set objectives and ensure the sustainable and economically-viable development of the nuclear power industry.

Dr. Tran Chi Thanh, President of the Vietnam Atomic Energy Institute (VINATOM)

Given Vietnam’s current situation, how many reactors should be developed?

VINATOM serves as a consulting body for nuclear power technology and safety research. In my view, before developing nuclear power, Vietnam must first assess its existing capabilities and what it can achieve. Between 2010 and 2016, it made preparations and capacity-building efforts in this endeavor.

However, we recognize that Vietnam’s capability to implement nuclear power remains limited. At this stage, we can realistically deploy only 2-4 reactors. Vietnam must develop a comprehensive, well-structured, and long-term nuclear power program in the future.

It is actively preparing to implement the Ninh Thuan Nuclear Power Project [in the south-central region]. The country’s nuclear power development policy is based on utilizing advanced and proven safe technologies that have been successfully built and operated in other countries.

In the initial phase, Vietnam should adopt Generation III+ nuclear technology, which has already been deployed in multiple countries worldwide. This technology features large installed capacity, ensuring sufficient electricity supply in the early stages of its nuclear power development.

Vietnam has also prepared the necessary infrastructure and workforce in previous years. This means that its existing human resources and infrastructure are aligned with large-capacity, advanced, and safe Generation III+ reactors.

What foundations and advantages does Vietnam have for developing nuclear power safely and sustainably?

Vietnam has considered nuclear power for decades, preparing its workforce by training personnel in the Soviet Union and other socialist countries. The National Assembly (NA) approved the Ninh Thuan Nuclear Power Project in 2009 but suspended it in 2016. On November 25, 2024, the 13th Party Central Committee agreed to restart the project, and the 15th NA later passed a resolution supporting this policy. Amendments to the Law on Electricity have also created a legal framework for nuclear power development.

The decision to restart the nuclear power project marks a significant step forward. Given the current context, reviving the Ninh Thuan Nuclear Power Project is not only a solution to national energy security but will also contribute to the transition to a green and sustainable economy, elevating Vietnam’s scientific, technological, and industrial development to new heights.

I believe the most critical advantage in developing nuclear power in Vietnam is the policy direction and commitment from the Party and the State as well as public consensus.

Additionally, Vietnamese people have a strong passion for research and discovery and excel in natural sciences, making them fully capable of advancing science and technology to support national economic and social development, including nuclear power and atomic energy. Developing nuclear power will further drive scientific, technological, and industrial growth in Vietnam.

Furthermore, Vietnam has strong international partnerships with countries advancing nuclear power development and enjoys significant support from these nations as well as from the International Atomic Energy Agency (IAEA). Such factors create favorable conditions for Vietnam to successfully implement its nuclear power projects.

What challenges do you see in Vietnam’s nuclear power development?

Restarting the nuclear power project after an eight-year suspension is a positive step. However, successful implementation requires a highly-skilled workforce in research, management, and operations, along with strong technological and industrial capabilities to ensure safe and efficient plant construction and operation.

The IAEA outlines 19 key infrastructure areas necessary for nuclear power development, with human resources being one of the most critical. Vietnam must invest in training top nuclear power experts to ensure long-term sustainability. Nuclear safety depends heavily on human factors, making workforce development the key to success.

Vietnam must also strengthen its nuclear regulatory framework and overall infrastructure. Challenges such as high capital investment and radioactive waste management can be addressed through collaboration with international partners and lessons from experienced nuclear nations.

How can Vietnam address the challenge of developing a skilled nuclear workforce?

First, it needs a well-trained workforce to operate nuclear power plants. This requires specialized university education, postgraduate training, and hands-on experience. Training reactor operators alone takes about ten years, and Vietnam must leverage domestic and international resources in this effort.

Second, research and development experts are essential to advancing nuclear technology and ensuring long-term industry growth. While not as immediately urgent as plant operators, they play a crucial role in sustaining the sector.

Third, regulatory authorities must be established to oversee safety compliance and legal enforcement. Typically drawn from experienced industry professionals, these experts ensure nuclear power development aligns with safety and environmental standards.

A national nuclear workforce strategy is essential, combining domestic and international training programs. Vietnam can learn from countries with established or newly-developed nuclear power sectors.

Currently, Vietnam is building nuclear research capabilities to support the safe and sustainable development of its nuclear power program in the future.

Vietnam’s policy of developing nuclear power will open up opportunities for and build capabilities in various industries. Could you elaborate on these opportunities?

Nuclear power is highly specialized, and ensuring safety is paramount. Implementing a nuclear power project requires strict adherence to a well-defined process.

As the nuclear power project progresses, it will create opportunities to build capabilities and foster the development of science and technology as well as various industries such as design, consulting, mechanical engineering, materials, and metallurgy, which are critical for manufacturing equipment.

In addition, nuclear power presents opportunities to develop capabilities in fields such as automated control, reactor control, chemistry, and water treatment at nuclear power plants.

These foundations will contribute to national development. In reality, all 32 countries with nuclear power industries are developed nations with high per capita income, having undergone strong growth in science, technology, and industry. Developing nuclear power will enhance domestic capabilities and meet the need for clean, green energy to support national growth.

What can Vietnam contribute to the process of developing this nuclear power project?

During project implementation, Vietnam will strive to absorb as much advanced technology as possible. I believe that it can gradually participate in the construction process, from manufacturing basic equipment to more complex ones that require high technology.

Along with this, Vietnam will progressively train its domestic workforce to master the process, understand technology and design, perform calculations, and ensure safety monitoring.

Vietnam will also implement the project based on international experience and practices. According to the experience of countries with nuclear projects, the main contractor begins with the basic design phase, followed by technical design and construction to ensure the highest safety standards.

In the nuclear industry, it is impossible for one company to design the basic layout and then hand it over to another company to carry out the technical design. This is because nuclear power is inherently tied to safety. The safety design must be based on specific principles and philosophies that guide the entire process from simple to complex stages, including the construction implementation.

Through cooperation with technology transfer countries and project implementation, Vietnam will have the opportunity to engage in areas where we have capabilities, while also receiving support to enhance domestic capacity, gradually moving towards localization.

The amended Law on Atomic Energy is being finalized for presentation to the NA, aiming to institutionalize the policy of developing atomic energy for peaceful purposes. What new issues and nuclear power provisions does the draft law include?

The Ministry of Science and Technology is actively working on developing, consulting, and finalizing the amended Law on Atomic Energy to present to the NA in the near future.

Drafting agencies are making every effort to ensure a high-quality law that will contribute to the smooth development of nuclear power in Vietnam. One of the core issues in the amendments to this law is to create a comprehensive and strict legal framework for the research, application, and development of nuclear technology, ensuring the safe and sustainable development of nuclear power.

The draft law also includes provisions for the application of atomic energy in various other sectors, such as agriculture, industry, healthcare, and environmental resources.

 

Nuclear power is a necessary energy source for Vietnam’s future, driving scientific, technological, and industrial development. More importantly, the energy source does not emit CO2, contributing to green and sustainable growth. Additionally, as coal-fired power is phased out, Vietnam must develop nuclear power as a stable baseload energy source to support the growth of other green technologies.

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-Phan Anh