Vietnam News
Hanoi proposes over $800 mln for Ring Road 2 expansion
The Hanoi Department of Construction has submitted a report to the Hanoi People’s Committee regarding the renovation and expansion of Ring Road 2, encompassing both elevated and ground-level sections from Nga Tu So to Cau Giay (Lang Street), with an estimated total investment of over VND21 trillion (nearly $804 million).
According to the proposal, this is a Group A project and a special-grade road transport infrastructure, slated for implementation between 2025 and 2028. Within the total investment, site clearance costs account for a significant portion, approximately VND 17 trillion (nearly $651 million), while the remainder is allocated for construction and related items.
The Department of Construction has evaluated two primary investment options:
Option 1: Construction of a viaduct (elevated bridge). The centerline of the elevated section would align with the planned centerline of the ground-level road. The proposed cross-section is approximately 53.5 meters for the ground road and 19 meters for the elevated bridge. This option is highly regarded for ensuring synchronization with urban planning, providing convenient traffic connectivity, being suitable for domestic construction capabilities, and requiring lower investment costs.
Option 2: Construction of a large-diameter tunnel. This would be combined with a specialized drainage system for flood prevention.
According to the department, option 2 faces numerous technical and logistical challenges. Therefore, following a detailed analysis, the department has recommended option 1 (the viaduct) as the optimal choice for investment.
Furthermore, the department suggested that the project initially be implemented through public investment using the city budget to accelerate progress. At a later stage, the city could consider converting the project to a Public-Private Partnership (PPP) model to diversify capital sources.
Vneconomy-Phương Nhi
Management of UAVs to be tightened
Following a series of unauthorized Unmanned Aerial Vehicles (UAVs) entering takeoff and landing zones at Da Nang International Airport, causing numerous flights to delay or divert, the Ministry of Construction (MoC) has called for strengthened control and strict penalties for activities threatening aviation safety and security.
The MoC has dispatched an official document to the Ministry of National Defense, the Ministry of Public Security, and the People’s Committees of provinces and cities housing airports. The directive aims to prevent UAVs from compromising the security and safety of flight operations at airports and airfields.
According to reports from the Civil Aviation Authority of Vietnam (CAAV), between September 2025 and February 2026, the vicinity of Da Nang International Airport recorded multiple instances of UAVs intruding into airspace for aircraft takeoff, approach, and landing.
These UAVs were detected operating at altitudes ranging from 1,000 to 3,800 feet. Consequently, many flights were forced to enter holding patterns, suspend operations, change takeoff/landing runways, or divert to alternate airports. These disruptions have caused significant economic losses and created potential risks of mid-air collisions, directly threatening civil aviation safety.
Vice Minister of Construction Le Anh Tuan noted that these recurring and increasingly complex incidents indicate that current measures to control and prevent illegal UAV activity near airports have not been fully effective. This poses serious risks to both flight safety and national security, particularly during the peak travel period of the Lunar New Year.
To proactively mitigate these security threats, the MoC requested that the Ministry of National Defense, the Ministry of Public Security, and local Anti-Terrorism Steering Committees direct relevant agencies to enhance the management, inspection, and supervision of UAVs and other flight vehicles. All activities must strictly comply with Decree No. 288/2025/NĐ-CP of the Government and other relevant legal regulations.
Vneconomy-Minh Kiệt
Real estate capital flows forecast to be more cautious in 2026
In 2026, amid strictly controlled bank credit and corporate bond channels, capital flows into the real estate market are forecast to move in a more cautious and selective direction.
According to the latest report from the State Bank of Vietnam (SBV), as of November 30, 2025, outstanding credit for the real estate business sector reached over VND2 quadrillion (nearly $76.7 billion).
Forecasting the outlook for 2026, Vietcombank Securities (VCBS) noted that while real estate credit continues to grow as numerous projects enter the sales phase and accelerate construction—driving up demand for medium- and long-term capital—access to funding will not be as favorable as in previous years.
VCBS experts explained that the current regulatory orientation aims to maintain the proportion of real estate loans at approximately 24–25% of total outstanding debt, especially as non-performing loan (NPL) risks in this sector are on the rise. Consequently, while real estate credit is increasing, it will be more strictly monitored to prevent the "overheating" witnessed in previous cycles.
On the demand side, a proposal to tighten lending ratios for second properties (which has not yet been officialized) could impact the investor segment. Additionally, interest rates are projected to edge upward in the near future.
Beyond bank credit, the real estate corporate bond market is also exhibiting a clear trend of differentiation and selectivity. Reports from the Ministry of Construction indicated that in 2025, the corporate bond market recovered gradually but not yet sustainably, despite a significant improvement in issuance volume during the second half of the year.
The banking sector continues to play a dominant role, while real estate bonds are being issued selectively, focusing on developers with strong financial capacity and the ability to accept high interest rates. the issuance structure shows a sharp divergence between industries, reflecting a prevailing sense of investor caution. Overall, while the 2025 market was more stable than in previous periods, it remained under pressure from capital costs and maturity obligations.
This pressure is not expected to ease in 2026. VCBS predicts that the volume of maturing bonds will surge in the second and fourth quarters of 2026, with a large portion tied to real estate enterprises. Simultaneously, access to new capital will continue to be more tightly controlled in terms of both issuance conditions and costs. As a result, developers with weak financial standing, high leverage, and illiquid project portfolios will face significant refinancing risks. However, experts also view this as a necessary "screening" mechanism to filter out developers as the market enters a new development cycle.
Reflecting on this reality, economist Dinh Trong Thinh assessed that the recovery momentum of the real estate bond market remains relatively cautious and modest in pace, which continues to pose challenges for bond investment activities. Consequently, both corporate issuance and market trading volumes have yet to meet expectations.
However, he noted that if the positive growth momentum from late 2025 is sustained, the market recovery could become more distinct and robust. This would gradually solidify the market's role as a vital channel for medium- and long-term capital for the economy. In such a scenario, the market will help augment financial resources and enhance the capacity to meet capital demands for production and business, creating a foundation for more sustainable economic growth.
"Regarding policy, the State must continue to act as a 'conductor' in guiding and supervising the market, but in a flexible and modern manner. Intervention should focus on perfecting a clear and transparent legal framework, ensuring discipline and market stability," the expert said.
For issuing enterprises, Mr. Thinh advised that companies must strictly comply with information disclosure regulations and maintain transparency regarding their financial status, the intended use of capital, and debt repayment capacity. Only when investors are provided with sufficient data to objectively assess risks can the bond market operate safely and sustainably, avoiding a repetition of past mistakes.
Sharing his views at a recent event, economist Can Van Luc noted that changes in the monetary environment will force real estate developers to undergo comprehensive restructuring—ranging from financial strategies and project portfolios to product structures. According to him, businesses must develop the capacity to adapt to the new interest rate environment.
Vneconomy-Thanh Xuân
Seven strategic spearheads: key to HCM City’s breakthrough growth
Moving away from a reliance on traditional industries, Ho Chi Minh City’s growth momentum for the 2026-2030 period will concentrate on "seven strategic spearheads," ranging from international finance and the digital economy to semiconductors, next-generation logistics, and high-quality healthcare.
Speaking at the recent online workshop "Identifying High-Growth Sectors and Opportunities for Businesses," Mr. Do Thien Anh Tuan from the Fulbright School of Public Policy and Management emphasized that following integration with neighboring regions, HCM City has evolved into a quintessential service economy. The service sector now accounts for a substantial 60-65% of the city's Gross Regional Domestic Product (GRDP).
Looking toward 2030, the expert identified five major international drivers that will propel the city's breakthrough: Digital Transformation (AI), global supply chain restructuring, green growth (ESG), an aging population, and the boom of the service sector.
Based on these drivers, he outlined seven potential industry groups where businesses can seize development opportunities:
Firs, finance – banking – fintech. Anchored by the recently inaugurated Vietnam's International Financial Center in Ho Chi Minh City (VIFC-HCMC), the city expects to attract leading global financial institutions.
Second, the digital economy. The city aims for this sector to contribute 40% of its GRDP by 2030. Momentum is expected from AI, data, the digitalization of government and business, and e-commerce. High-growth segments include Data Centers, Cloud Computing, and Cybersecurity. This transition requires massive investment in digital infrastructure and clean energy (for instance, a proposed Data Center project in Cu Chi would require approximately 2,500 MW of power).
Third, semiconductors and next-generation electronics. Mr. Tuan noted that Vietnam has designated semiconductors as a strategic industry, with HCM City at the forefront. The city aims to train 39,000 university-level personnel for this sector by 2030, focusing on Assembly, Testing, and Packaging (ATP), chip design, smart electronics, and the Internet of Things (IoT).
Fourth, high-tech manufacturing and biotechnology. This involves transitioning to high-tech industries with lower carbon emissions and attracting projects to the Saigon Hi-Tech Park (SHTP). Potential areas include automation, robotics, new materials, environmental technology, and the circular economy.
Fifth, logistics and seaports. The strategy includes developing the "super-port" complex of Cai Mep - Thi Vai in conjunction with the Can Gio port and the Cai Mep Ha Free Trade Zone (FTZ). This model necessitates seamless connectivity with industrial hubs, urban centers, and the Long Thanh International Airport.
Sixth, premium services, cultural industries, and digital content.
Seventh, urban tourism and high-quality healthcare.
Vneconomy-Vũ Khuê
Dong Nai enterprises to recruit 173,000 workers in 2026
Enterprises across southern Dong Nai province are expected to recruit approximately 173,000 workers in 2026 to meet production demands, according to the Provincial Employment Service Center.
In the first quarter of 2026 alone, recruitment demand is estimated at 35,000 employees. This surge is primarily driven by plans to ramp up production and fulfill export orders following the Lunar New Year (Tet) holiday.
High demand for labor is concentrated in key sectors, including textiles and garments, footwear, construction, wood processing, mechanical engineering, and electronics. Notably, several footwear companies are seeking large-scale recruitment, with some individual units requiring up to 1,000 new workers.
To bridge the gap between labor supply and demand, the Dong Nai Employment Service Center is innovating its job fair formats. The center is also strengthening coordination with local authorities through a network of employment support collaborators across 95 communes and wards.
Furthermore, the center is partnering with colleges and vocational schools to implement "Job Corners" for students. This initiative aims to expand the labor supply and better meet the specific hiring needs of local businesses.
Recruitment activities are also being integrated with social welfare goals, prioritizing support for laborers in border communes, ethnic communities, members of impoverished households, and skilled workers whose expertise aligns with the province's economic development strategy.
Reflecting on 2025 performance, the center received recruitment requests from over 7,700 enterprises for a total of 166,000 positions. Consequently, the province successfully placed approximately 131,000 workers, reaching 105% of the annual target—a 21.7% increase compared to the previous year.
Alongside the active labor market, investment attraction in the province remains robust. From the beginning of the year to January 20, 2026, total domestic investment in industrial parks, economic zones, and external areas reached approximately VND10.9 trillion ($418 million), accounting for 6.8% of the annual plan.
Regarding business development, January 2026 saw the total registered capital for new and expanded businesses reach over VND12.2 trillion (nearly $468 million), representing a 44.3% increase compared to the same period in 2025.
Vneconomy-Thi Nguyễn
Chau Doc - Can Tho - Soc Trang expressway proposed for expansion to six lanes
The People’s Committees of Mekong Delta’s Can Tho city and An Giang province have proposed the Ministry of Construction to expand Chau Doc – Can Tho – Soc Trang expressway from four lanes to six lanes.
Total investment capital is estimated at nearly VND30 trillion ($1.14 billion).
If approved, the project is scheduled to start construction in early 2027 and complete by the end of 2029.
Under the initial plan, the first phase of the expressway, which is currently under construction, has 4 lanes with a roadbed width of 17m. It has a total length of over 57km, including 56.434km through An Giang and 0.58km through Can Tho. Total investment capital is estimated at over VND13.5 trillion ($515 million).
The expressway consists of 47.984km of road and 33 bridges with a total length of 9.029km.
The expressway is identified as a key transportation project in the Mekong Delta region, playing a crucial role in completing the regional expressway network, connecting vertical axes, and meeting transportation demands along the important horizontal corridor of the region.
VnEconomy-Minh Kiệt
Fruit and vegetable sector sees 73% export growth in January
Vietnam’s fruit and vegetable industry has entered 2026 with a remarkably positive outlook. According to data from Vietnam Customs, export turnover for fruits and vegetables in January 2026 reached over $644 million, a staggering 72.9% increase compared to the same period in 2025.
In terms of market structure, China continues to be the largest partner for Vietnamese produce. Specifically, in January 2026, export turnover to this market reached nearly $376 million, up 117.6% year-on-year, accounting for 58.31% of the industry's total export value. Key export items include durian, bananas, dragon fruit, mangoes, and coconuts.
Following China, the United States ranked as the second-largest market, with a turnover of approximately $48.54 million, up 56.1% compared to January 2025. Exports to the US primarily consist of processed fruit and vegetable products and specialty fruits such as pomelo and coconut. This result reflects a growing trend in the export structure toward high-value-added products.
In the EU market, processed vegetables and fruit juices continue to hold a dominant position. Although growth was not as explosive as in the Chinese market, exports to the EU maintained a stable upward trend. This demonstrates the ability of Vietnamese enterprises to adapt and upgrade their quality standards to meet stringent international requirements.
According to Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (VINAFRUIT), "With the current growth momentum and active support from the Government in promoting double-digit economic growth, Vietnam's fruit and vegetable industry is expected to reach an export turnover of $9.5 to $10 billion in 2026."
Dr. Dinh Cao Khue, Vice Chairman of VINAFRUIT and Chairman of Dong Giao Food Export Joint Stock Company (Doveco), noted that while the industry previously relied on a few traditional markets and familiar products, it is now simultaneously consolidating old markets, breaking into demanding markets, and gradually conquering high-value-added segments.
This market shift is accompanied by a change in product structure. Supply chains are moving away from dependence on a few traditional items toward diversifying products, markets, and processing methods. According to Dr. Khue, this is not just a short-term positive signal but the foundation for a more sustainable development cycle for the industry.
Based on consumption trends in domestic and key international markets including Europe, the US, Japan, and South Korea, Dr. Khue believes there is still immense potential for Vietnam’s processed vegetables and high-quality products if they meet the right standards and consumer tastes.
To achieve this, Dr. Khue proposed three developmental pillars: expanding and reorganizing raw material zones toward sustainability and strengthening supply chain links; investing heavily in deep processing to increase value; and proactively expanding markets and penetrating high-end segments. With the synchronized implementation of these solutions, the goal of pushing fruit and vegetable export turnover to 10–10–20 billion in the coming years is considered entirely feasible.
Vneconomy-Chu Khôi
For innovation in higher education
In this era of globalization and rapid digital transformation, higher education faces an urgent need for continuous innovation in order to adapt to rapidly-changing social conditions and the knowledge-based economy. Industry 4.0, marked by the explosive development of AI, big data, the Internet of Things (IoT), and digital technology, has profoundly transformed how people learn, work, and interact. Against this backdrop, higher education not only plays a role in training human resources but has also become a critical component of the national innovation ecosystem.
The State and society are paying increasing attention to training quality as well as the innovation capacity of higher education institutions. This is reflected in policies promoting university autonomy, encouraging research, knowledge transfer, and cooperation between universities, businesses, the government, and the community.
At the same time, the shift from a “traditional education” model - focused primarily on theoretical knowledge - to a model of “liberal and innovative education,” which emphasizes critical thinking, problem solving, interdisciplinary skills, and adaptability, is reshaping teaching and learning at universities. In response to these new demands, higher education institutions are compelled to become centers fostering innovation, nurturing the entrepreneurial spirit, developing creative ideas, connecting research with practice, and making practical contributions to the country’s sustainable development.
According to the Vietnam Education e-magazine, the country currently has 244 higher education institutions, including 172 public institutions (26 of which are under local authorities) and 67 non-public institutions (five with foreign investment). In addition, there are 20 teacher training colleges (three under the Ministry of Education and Training and 17 under local authorities).
Key innovation trends
Comprehensive digital transformation in management and teaching
This is an inexorable trend in higher education aimed at improving training quality and management efficiency. Universities have adopted learning management systems (LMS), enterprise resource planning (ERP) software, and online platforms to support teaching, assessment, and university governance. Blended learning models, massive open online courses (MOOCs), and virtual classrooms have been widely implemented, enabling students to learn more flexibly and proactively. AI is being integrated to personalize learning content, while big data supports analysis of learner behavior and improvements in curricula.
Internationalization of education and interdisciplinary cooperation
Internationalization has become a core strategy for many universities to enhance training quality and global competitiveness. Institutions are actively establishing partnerships with international universities, research institutes, and businesses through joint training programs, collaborative research, and technology transfer.
Many universities have introduced dual-degree programs, expanded international student and faculty exchanges, and increased the number of specialized courses taught in English. At the same time, interdisciplinary collaboration is growing rapidly, with the integration of technology, social sciences, business, and environmental studies into teaching and research.
Vietnam National University, Hanoi (VNU Hanoi) is among the pioneering institutions in restructuring curricula and training organization to adapt to international integration. It focuses on developing students’ technological competencies and shortening training duration. The university aims to expand enrolments in STEM (Science, Technology, Engineering, and Mathematics) and engineering-technology fields to 65 per cent within the next three years, from nearly 50 per cent at present.
In its digital transformation strategy, VNU Hanoi places strong emphasis on the application of digital technologies and AI, implementing blended learning models and integrating AI into teaching, assessment, and personalized learning pathways. In particular, AI supports the maximization of potential among talented students and encourages early participation in scientific research.
Promoting entrepreneurship and innovation among students
Fostering entrepreneurship and innovation has become a key focus in the development strategies of many universities. Institutions have established innovation centers, co-working spaces, and startup incubators to support students in forming and developing business ideas. Numerous startup competitions, hackathons, bootcamps, and mentoring programs are organized regularly, creating experiential and practical environments for students.
Liberal education and comprehensive capacity development
Rather than focusing on one-way knowledge transmission, current curricula emphasize the development of core competencies such as critical thinking, creativity, problem solving, and teamwork. Universities are also integrating content on personal character, professional ethics, and social responsibility into coursework, with the aim of cultivating global citizenship and a sense of community service among students.
Innovating curricula and teaching methods toward sustainability
In the global context of sustainable development, many universities have proactively reformed curricula and teaching methods to meet modern societal demands. A notable trend is the integration of the Sustainable Development Goals (SDGs) into teaching content, helping students understand their role in addressing environmental, social, and economic challenges. Traditional teaching methods are gradually being replaced by project-based learning, experiential learning, and problem-based learning.
These approaches help students develop critical thinking, teamwork, and the ability to solve complex real-world problems. In particular, strengthening connections with businesses through internships, site visits, and industry lecturers is being intensified, narrowing the gap between theory and practice and enhancing graduates’ adaptability in an ever-changing work environment.
Addressing challenges
Despite innovation being an inexorable trend in higher education, implementation still faces many challenges.
The first challenge is limited financial and human resources, which pose significant barriers for many institutions, especially local or non-public universities. Investment in technological infrastructure, curriculum upgrades, and attracting high-quality human resources requires substantial funding, while State budgets and financial autonomy remain limited.
The second is the uneven level of readiness for innovation across institutions. Some major centrally-managed universities can quickly access new technologies, while many others continue to struggle with traditional training models and lack adequate facilities or capable staff to implement modern programs.
The third challenge lies in traditional, administratively-oriented management mindsets, which remain prevalent, and slow institutional adaptation to innovation demands.
And the fourth is the lack of breakthrough support policies from the State, particularly mechanisms that encourage autonomy and innovation. This has reduced reform incentives at some institutions.
Future outlook
To promote effective and sustainable innovation in higher education, coordinated solutions are needed across institutions, resources, and interdisciplinary cooperation.
Strengthening investment in technological infrastructure and faculty development is a prerequisite. Universities need budgetary support or financial mobilization mechanisms to upgrade information technology (IT) systems, digital learning platforms, and modern teaching tools. At the same time, enhancing faculty capacity - in digital skills, new pedagogical methods, and digital learning design - is essential for substantive digital transformation and improved training quality.
Enhancing links between businesses, research institutes, and local authorities is key to improving the practical relevance of training, aligning graduate outcomes with labor market needs and supporting the commercialization of university research results. Establishing innovation centers based on the “triple helix” model (University - Business - State) will help promote an open academic-technology ecosystem.
Developing a comprehensive innovation ecosystem inside and outside of universities is crucial, including creative spaces, startup incubators, policies supporting student research and entrepreneurship, as is fostering a culture of innovation within the academic community. This ecosystem not only nurtures creative ideas but also lays the foundation for a generation of students with open mindsets - willing to think, act, and embrace change.
(*)Dr. Bui Thi Quyen and Dr. Dao Thi Ha Anh are Lecturers at the University of Economics and Business, Vietnam National University, Hanoi
VET- Dr. Bui Thi Quyen Dr. Dao Thi Ha Anh (*)
New automobile emission standards to take effect on March 1
The Prime Minister’s Decision No. 43/2025/QD-TTg, which outlines the implementation roadmap for national technical standards on emissions for automobiles operating in road traffic, is set to take effect on March 1, 2026.
The Decision defines five distinct emission levels (Levels 1 through 5). Under these regulations, all automobiles must meet the minimum emission level corresponding to their year of manufacture at the time of inspection.
From March 1, 2026, automobiles manufactured before 1999 must comply with Level 1; automobiles manufactured from 1999 to the end of 2016 must comply with Level 2; and automobiles manufactured from 2017 to the end of 2021 must comply with Level 3.
For automobiles manufactured from 2017 to the end of 2021 operating in Hanoi and Ho Chi Minh City, Level 4 applies from January 1, 2027.
Automobiles manufactured from 2022 must comply with Level 4 from the effective date of this Decision, and Level 5 from January 1, 2032.
For automobiles manufactured from 2022 operating in Hanoi and HCM City, Level 5 applies earlier, from January 1, 2028.
From January 1, 2029, automobiles participating in traffic in Hanoi and HCM City must meet emission standards of at least Level 2.
To avoid vehicles failing inspection, which would cause unnecessary time and costs, vehicle owners and drivers are advised to proactively maintain and repair their vehicles before inspection to ensure emission test results meet the required standards.
Vneconomy-Hằng Anh
Greater efficiency from agriculture and environment sector
Vietnam’s agriculture and environment sector recorded a major breakthrough in 2025, posting growth of around 4 per cent - the highest result for a decade. Export turnover reached a record $70 billion, far exceeding the initial target of $65 billion. These figures reaffirm the sector’s role as a solid “pillar” of the economy amid mounting challenges, while laying an important foundation for green and sustainable development.
Deputy Minister of Agriculture and Environment Phung Duc Tien said 2025 was exceptionally difficult, marked by unprecedented challenges. The sector not only suffered heavy losses from natural disasters but also faced a volatile global environment, from rising trade tensions to increasingly stringent technical barriers related to traceability and food safety. However, in the midst of these pressures, the sector maintained its core targets and sustained stable growth.
Growth exceeds targets
According to the Ministry of Agriculture and Environment (MAE), output of many key agricultural products continued to rise or remained stable in 2025. Rice production was estimated at more than 43 million tons; livestock and poultry herds developed steadily; plantation forest timber output reached nearly 31 million cubic meters; and aquaculture and captured fisheries were estimated at around 9.8 million tons. In trade, exports of agriculture, forestry and fisheries products in 2025 were estimated at a record $70 billion, up 12.2 per cent year-on-year and well above the $65 billion target.
Mr. Tien said production restructuring continued towards greater efficiency, with a focus on products with strong growth potential and higher added value. Concentrated production zones based on regional advantages have taken shape, applying advanced technical processes, ensuring food safety, and meeting market demand, such as raw material forest areas for wood processing and fruit and vegetable zones meeting GlobalGAP and VietGAP standards. Organic agriculture, clean agriculture, and high-tech agriculture continued to be promoted, gradually shaping a green, clean and sustainable agricultural model.
On the institutional front, regulations related to decentralization and the delegation of authority were reviewed, updated, and submitted for approval. MAE completed a law amending 15 existing laws to remove major institutional bottlenecks, while significantly cutting administrative procedures to facilitate businesses and the public. “Institutional reform is a prerequisite, alongside decisive and substantive administrative reform,” Mr. Tien emphasized.
He added that the Ministry is implementing Politburo Resolution No. 57-NQ/TW on science, technology, and innovation as a strategic breakthrough for green growth, productivity gains, and higher agricultural value. At the same time, efforts to combat illegal, unreported, and unregulated (IUU) fishing remain a regular and determined task, aimed at removing the European Commission’s “yellow card.”
Pillar for green growth
2025 also marked a major turning point, as the 15th National Assembly approved the merger of the Ministry of Natural Resources and Environment with the Ministry of Agriculture and Rural Development, forming the Ministry of Agriculture and Environment from March 1, 2025. Minister of Agriculture and Environment Tran Duc Thang said this was a strategic decision by the Party and the State to improve the effectiveness of management, exploitation, and the sustainable use of national resources. Following the merger, the Ministry swiftly streamlined its organizational structure to ensure smooth and effective operations.
Amid accelerating globalization, Industry 4.0, and the global green transition, the Minister said the sector will focus on several key priorities, which include completing institutions and modern governance, and synchronizing the legal framework on land, water resources, forests, environment, climate, and agriculture. MAE will also promote ecological agriculture, the green economy, and the circular economy to enhance added value and the competitiveness of Vietnamese agricultural products.
The sustainable management and exploitation of national resources will go hand-in-hand with accelerated data digitization, the application of science and technology, and the digital transformation, which are seen as key drivers to improve productivity, efficiency, and climate resilience. “With a spirit of innovation and dedication, the agriculture and environment sector will continue to serve as a pillar of the economy, contributing to a fast-growing, sustainable, prosperous, and happy Vietnam,” Mr. Thang said.
On food safety, he noted that the legal framework is now relatively complete and clear. While previous management focused mainly on export-oriented production areas, from January 1, 2026, the Ministry will also strictly control products for domestic consumption. The goal is that, by the end of 2026, virtually all domestically produced and imported agricultural products circulating in the market will carry traceability information and meet safety standards, protecting public health and strengthening social trust.
Top priority
Chairing his dialogue with farmers on December 10, Prime Minister Pham Minh Chinh reaffirmed the consistent and enduring attention of the Party and the State to agriculture, farmers, and rural areas. Based on farmers’ opinions and recommendations, he highlighted key issues facing the agriculture, forestry, and fisheries sector. Science and technology, innovation, and digital transformation were identified as objective requirements, strategic choices, top priorities, and prerequisites for achieving the goal of raising agriculture, forestry and fisheries export turnover to $100 billion in the years to come.
However, the Prime Minister also pointed out that a significant gap remains between research and the application of science and technology in production. Digital transformation in rural areas faces difficulties due to inadequate electricity, telecommunications, and data infrastructure, particularly in remote, border, island, and ethnic minority areas. The incomes of most farmers remain low and they are vulnerable to natural disasters, epidemics, and market fluctuations.
Against this backdrop, the Prime Minister called on ministries, agencies, and localities to continue reviewing and developing more open mechanisms and policies on land, credit, science and technology and digital transformation in agriculture; rolling out credit programs to support agriculture and rural areas; and removing obstacles to develop agricultural insurance markets to help farmers manage risks from natural disasters, crop failures, and price volatility.
On domestic and international links, he urged the MAE and the Ministry of Finance to build close, legally-binding cooperative mechanisms between domestic enterprises and foreign investors. Many countries, particularly in the Middle East, Africa, and neighboring regions, have expressed interest in cooperating with Vietnam in agriculture, food security, and product development.
Regarding export markets, he stressed the need to diversify markets, products, and supply chains, and to make more effective use of Vietnam’s 17 FTAs with more than 60 economies. Relevant ministries should proactively negotiate market access, while businesses and associations step up trade promotion and product branding.
On infrastructure, the Prime Minister underscored the importance of climate resilient infrastructure, digital infrastructure, and transport infrastructure. The State will continue to prioritize resources for major projects to create new development space, reduce logistics costs, and enhance the competitiveness of Vietnamese agricultural products.
Regarding the removal of the IUU “yellow card,” he said the government has taken strong measures to end illegal fishing, while restructuring the fisheries sector towards legality and sustainability, expanding aquaculture and processing, and improving fishermen’s livelihoods.
In production, he called for promoting green production, the circular economy, and low-emissions development; ensuring food safety and traceability; protecting intellectual property; and combating trade fraud. On human resources, he emphasized strengthening links between the State, educational institutions, and enterprises to train high-quality human resources, improving knowledge and skills for farmers.
Finally, the Prime Minister emphasized the need to enhance value chain links and solidarity between domestic and international stakeholders, mobilizing diverse resources through public and private investment, public-private partnerships and other financial instruments, based on the principle of harmonizing interests between the State, businesses, and farmers.
VET-Chu Khoi
Bpifrance identifies Vietnam as a key strategic market for French exporters
Bpifrance, France’s public investment bank, has identified Vietnam as one of the five most promising export destinations for French companies by 2026, according to a report by the Vietnam News Agency.
Ranked alongside Indonesia, Morocco, Canada, and the UAE, Vietnam represents a strategic shift for exporters navigating global trade volatility.
While many French firms still rely on traditional markets like Germany, the US, and China, Bpifrance suggests that future growth lies in these emerging regions, which offer significant untapped potential and lower competitive saturation.
Vietnam is undergoing a profound transformation. Once viewed primarily as a low-cost manufacturing hub, the nation's major urban centers are now driving a surge in domestic consumption and a growing demand for premium goods. As household incomes rise, Vietnamese consumers are increasingly prioritizing food safety, high-quality professional services, and cutting-edge technology.
For French firms, the most compelling opportunities lie in high-value-added sectors, including processed foods, ag-tech equipment, healthcare, and corporate digital solutions. Furthermore, Vietnam serves as a vital link in the Southeast Asian value chain, offering a strategic gateway to the broader ASEAN market.
Bpifrance suggests that a successful 2026 export strategy must move beyond a reliance on traditional partners. Instead, firms should pivot toward markets like Vietnam, which offer robust economic momentum, deep global integration, and clear long-term growth potential.
VNA-
Party General Secretary: State economy must become "national fulcrum" in new era
At a nationwide conference held by the Secretariat of the Party Central Committee on February 25 to study, disseminate and implement the Politburo’s Resolution No.79-NQ/TW on developing the state-owned economic sector and Resolution No.80-NQ/TW on developing Vietnamese culture, Party General Secretary To Lam delivered a keynote speech on the role of the State economy in Vietnam.
“State economy must occupy strategic command peaks of the national economy, play the leading role, and become the "national fulcrum" in the nation's new era,” said Party General Secretary To Lam, as quoted by the Government News.
According to the Party leader, in recent years, State economy along with private economy have become the two important pillars of the country’s socialist-oriented market economy. The private economic sector has developed in an increasingly dynamic manner, making significant contributions to growth. Many private enterprises have gradually participated increasingly deeper into regional and global value chains. Meanwhile, the State economic sector has maintained its leading role, ensured the major balances of the economy and macro stability, and carried out long-term and medium-term strategic tasks directly related to energy security, monetary-financial security, telecommunication security, essential infrastructure development, and other vital tasks of the national economy.
In order to ensure that the State economy truly occupies "strategic command peaks", this sector must be vigorously restructured and focus on key industries and fields, and key areas, the Party leader noted.
The leading role of the State economy must be demonstrated through leadership capacity, effectiveness, and substantial contributions to macroeconomic stability, economic security and medium- and long-term development, he said.
The State must firmly and effectively control and strengthen the sectors that are necessary to ensure sovereignty and stability, according to the leader.
In sectors where the State should only play a leading role-create foundations-pay the ways, mechanisms must be designed to allow the private sector to participate, compete, and develop together.
In sectors where the State's involvement is unnecessary or ineffective, a resolute restructuring must be implemented according to market principles, ensuring transparency, combating "interest groups," "behind-the-scenes dealings," "manipulation," and "profiteering" from policies.
The State economy must make groundbreaking contributions to enhancing national autonomy and maintaining stability and take timely interventions when systemetic risks arise.
According to the Party leader, given the above perspective, the State economy must truly become the following "five fulcrums" over the next five years:
First, fulcrum for economic security and sovereignty. The State economy must hold and control the nation's "lifelines" and "backbone" of the economy, from energy, strategic infrastructure, finance and credit, key logistics, data, and essential digital platforms, among others.
Control here doesn’t mean securing monopoly, but ensuring sovereignty, avoiding dependence, proactively responding to changes, and safeguarding national interests in all situations.
Second, fulcrum for regulation, stability and resilience. Particularly, during periods of multiple shocks such as supply chain disruptions, interest rate and exchange rate fluctuations, trade wars, natural disasters and epidemics, the State economy must play a role in stabilizing essential markets, ensuring the provision of essential public services, maintaining foundational investments and reserve capacity to respond promptly to systemic risks.
Thirdly, fulcrum for private sector. Strong State economy is not meant to dominate, but rather to act as a "boost" for private enterprises to participate more deeply in the value chain and development of supporting industries in order to enhance competitiveness on regional and global scales.
If the State economy plays its leading role well, the private sector will have a solid foundation for sustainable growth, and the overall strength of the economy will increase significantly.
Fourth, fulcrum leading innovation and core technologies. If the State economy is strong only in capital and assets but weak in technology, management, and human resources, it cannot maintain its leading role in the new era. Today's leading role is not measured solely by scale, but by the ability to master technology, standardize according to international standards, utilize data as a strategic resource, ensure cybersecurity, and manage risks with modern methods.
Fifth, fulcrum for governance standards and integrity in the economy. State-owned enterprises must exhibit the highest level of discipline, transparency, and accountability.
The existence of "group interests," "backroom deals," investments based on term limits, and prolonged losses without clear accountability cannot be tolerated.
These five "fulcrums" must be translated into concrete action programs with clear objectives, measurable metrics, deadlines, monitoring mechanisms, and sanctions, the Party leader said, adding that otherwise, the leading role of the State economy will remain merely a slogan, while the country will pay the price with wasted resources, diminished competitiveness, and eroded social trust.
VGP-Van Nguyen
Vietnam’s shrimp sector faces rising competition despite lower US anti-dumping tariffs
The United States market accounted for 17.2% of Vietnam's total shrimp export turnover in 2025. While the downward adjustment of U.S. anti-dumping duties is expected to create more favorable conditions for exports in 2026, a new trade agreement between India and the US is mounting significant competitive pressure on Vietnamese shrimp in this key market.
Recently, US President Donald Trump signed an executive order formalizing a trade deal with India following discussions with Prime Minister Narendra Modi. Under the agreement, the US has reduced reciprocal tariffs on Indian goods from 25% to 18% and abolished the 25% supplemental tariff that had been in place since August 2025.
The Vietnam Association of Seafood Exporters and Producers (VASEP) observed that India’s trade shifts during the 2025–2026 period are creating increasingly visible pressure on Vietnam’s shrimp industry.
This impact is felt not only in the US but also in the European Union (EU), a market where Vietnam has traditionally held a competitive edge thanks to the EU-Vietnam Free Trade Agreement (EVFTA). In the EU, if Indian shrimp begins to enjoy similar or lower tax rates, its price advantage—driven by large-scale farming and low production costs—will become even more pronounced. Consequently, the raw shrimp and commodity product segments in the EU are expected to face much fiercer competition.
Meanwhile, India is also gradually reclaiming its market share in the US through these new trade pacts, intensifying the struggle in major export hubs. This trend makes it increasingly difficult for Vietnamese shrimp enterprises to compete directly on price or volume.
Despite these challenges, Vietnam maintains critical advantages in the deep-processed and high-value-added segments. Stringent quality standards, robust traceability, the ability to meet sustainability requirements, and extensive experience navigating strict EU regulations remain the domestic industry's core strengths. These factors serve as a foundation for Vietnamese businesses to secure their position in the mid-to-high-end segments rather than engaging in a "race to the bottom" on pricing.
Amid intensifying competition, experts suggest that the most viable path for Vietnamese shrimp exporters is to increase the proportion of deep-processed products, reduce reliance on frozen raw shrimp, and maximize tariff preferences provided by the EVFTA.
Simultaneously, businesses must expand into other potential markets, such as Japan, South Korea, and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) bloc, to diversify their outlets and mitigate concentration risks.
Furthermore, heavy investment in sustainability standards, ESG (Environmental, Social, and Governance) criteria, traceability, and "green" certifications will serve as strategic differentiators. In the coming period, the competitive edge of the Vietnamese shrimp industry will no longer be defined by scale or low costs, but by added value, brand reputation, and sustainable quality. These will be the decisive factors for the long-term standing of Vietnamese shrimp on the global stage.
Vneconomy-Chu Khôi
Vietnam’s phone, electronics exports post strong growth in January
Vietnam’s exports of phones and accessories reached $5.66 billion in January, rising 39.6% from the previous month and 17.3% year-on-year, according to the General Department of Vietnam Customs.
China remained the largest importer, with shipments valued at $1.31 billion, up 117% year-on-year. It was followed by the United States at $1.04 billion, down 7.2%; the European Union at $900 million, up 6%; and the Republic of Korea at $407 million, up 59.9%.
Meanwhile, exports of computers, electronic products and accessories generated $9.56 billion in revenue, surging 57.6% compared to the same period last year.
The United States was the biggest market, with imports worth $3.79 billion, up 72.8%. China ranked second with $1.46 billion, up 63.1%, followed by the European Union with $944 million, an increase of 12.5%, and the Republic of Korea with $878 million, up 33.7%.
VnEconomy-Hạ Chi
National conference convened to implement key Politburo resolutions
The Party Central Committee’s Secretariat held a nationwide conference in Hanoi on February 25 to study, disseminate and implement the Politburo’s Resolution No.79-NQ/TW on developing the state-owned economic sector and Resolution No.80-NQ/TW on developing Vietnamese culture.
The conference was connected to 27,284 sites nationwide, attracting more than two million participants. It was broadcast live on Vietnam Television and Radio the Voice of Vietnam, and streamed on digital platforms.
Party General Secretary To Lam attended and delivered a keynote address. Also present were State President Luong Cuong, Prime Minister Pham Minh Chinh, National Assembly Chairman Tran Thanh Man, Permanent member of the Secretariat Tran Cam Tu, along with many other leaders.
Participants included members of the Politburo, the Secretariat and the Party Central Committee; leaders of ministries, agencies and mass organizations; representatives of the armed forces and public security; executives of state-owned groups, corporations and banks; and a wide range of cultural managers, artists, authors and researchers. Local Party leaders and officials joined from provincial and grassroots sites nationwide.
Under the program, participants heard thematic presentations on the core contents of Resolution No.80-NQ/TW on cultural development, Resolution No.79-NQ/TW on the state-run economic sector, and the Government’s action program to implement the two resolutions, delivered by Party and Government leaders.
At the conference, Politburo member, Secretary of the Central Party Committee, and Head of the Party Central Committee’s Policy and Strategy Commision Nguyen Thanh Nghi presented key contents of Resolution79.
Politburo member, Secretary of the Central Party Committee, and Head of the Party Central Committee’s Policy and Strategy Commision Nguyen Thanh Nghi presents key contents of Resolution79. - (Photo: Nhan Dan)According to Mr. Nghi, Resolution 79 marks an important renewal in the theoretical thinking and awareness of the Party regarding the state economy. For the first time, the content of the state economy is defined comprehensively and systematically in a specialized resolution, clarifying its position and expanding the scope of this economic sector within the socialist-oriented market economy.
The state economy is identified as a particularly important component of the economy, viewed as a unified whole, encompassing all resources held, managed, and controlled by the State to achieve socio-economic development goals, macroeconomic stability, and ensure national defense and security.
These resources include land, mineral resources, water resources, airspace, maritime areas, underground space; infrastructure systems invested in by the State; state budget; national reserves; state financial funds outside the budget; state-owned enterprises; state credit institutions; state capital in enterprises and public service units.
The resolution affirms that throughout 80 years of construction and development, especially in the 40 years of Doi Moi (Renewal) policy, the state economy has always played a leading role. This sector directly participates in production and business while also serving as an important material resource foundation and a strategic tool for the State to perform its role in guiding, leading, and regulating economic activities.
Through the state economy, the State promotes growth, stabilizes the macroeconomy, maintains major balances of the economy, ensures national defense and security, enhances self-reliance and resilience, and lays the foundation for rapid and sustainable socio-economic development in the socialist orientation.
In addition to the achieved results, the resolution also points out many limitations and shortcomings of the state economy. Policies and laws regarding the state economy are slow to innovate and have not kept pace with practical requirements. The management, exploitation, and use of many state resources and assets have not been truly effective, lacking full accounting according to economic principles, with wastefulness and loss still occurring, and the leading and controlling role not clearly demonstrated.
The operations of state-owned enterprises still face many limitations, with effectiveness not commensurate with the scale of resources held, low competitiveness, and a failure to play a pioneering role in innovation and leading key sectors and fields. The restructuring process of state-owned enterprises is still slow.
The system of public service units has not been streamlined, the operational mechanism and financial autonomy are slow to innovate, the proportion of fully autonomous units remains low, the quality of public services does not meet requirements, and many long-standing issues have not been resolved definitively.
To fully promote the role of the state economy and contribute to achieving the two strategic goals of national development by 2030 and 2045, Resolution No. 79 sets out five systematic, comprehensive, and holistic guiding viewpoints.
First, the resolution requires the renewal, supplementation, and specification of the content of the leading role of the state economy in the socialist-oriented market economy, in line with development requirements in the new era.
Second, it clearly defines the mutually beneficial relationship between the state economy and other economic sectors, aiming to fully promote the role of each sector and create a comprehensive driving force for the economy. The resolution sets a goal that by 2045, the state economy will become a solid foundation ensuring strategic autonomy, resilience, and comprehensive competitiveness of the economy; modern, transparent, and effective governance; deep integration into the global economy; and the provision of high-quality public services.
Third, it emphasizes enhancing the effectiveness of management, exploitation, and use of state economic resources.
Fourth, it raises the mission of the state economy in connection with the requirement to innovate the growth model.
Fifth, it strengthens the Party's leadership role, enhancing the capacity, effectiveness, and efficiency of state management over the state economy, especially in directing resource use and organizing implementation.
Based on that, the resolution sets out general goals and specific targets for the development of the state economy by 2030, with a vision toward 2045. The general goal focuses on enhancing the effectiveness of promoting the leading, pioneering, and strategic orientation role of the state economy in key sectors; leading and supporting economic sectors to develop together; contributing to promoting rapid and sustainable growth, ensuring national defense and security, social progress and equity, and improving the people's living standards.
The resolution also identifies specific targets by 2030 for six components of the state economy, including land and resources; infrastructure assets; budget, national reserves, and state financial funds outside the budget; state-owned enterprises; state credit institutions; and public service units.
Notable quantitative targets are specified, such as: the budget mobilization rate reaching about 18% of GDP; budget deficit around 5% of GDP; public debt not exceeding 60% of GDP; investment expenditure accounting for about 35–40% of total budget expenditure. For state-owned enterprises, striving to have about 50 enterprises among the 500 largest enterprises in Southeast Asia and 1–3 enterprises among the 500 largest enterprises in the world.
Vneconomy-Ha Le
Post-Tet retail market: abundant supply and stable prices
Since the second day of the Lunar New Year (Tet) - February 18, the market has gradually regained its vibrancy as traditional markets and retail outlets began partial reopenings. This year, several convenience store chains operated 24/7 throughout the holiday, while major retail systems resumed operations early with adjusted spring schedules.
According to the Domestic Market Authority (under the Ministry of Industry and Trade), the post-Tet market for essential goods has seen positive momentum. Although citizens continue to prioritize spring outings, New Year greetings, and family reunions, the demand for shopping—particularly for fresh food—has increased compared to the peak holiday days.
A survey of traditional markets in Hanoi on February 23 (the 7th day of Tet) revealed that vegetable prices remained stable, with some items dropping by 15–20% compared to the pre-Tet period. Prices for livestock, poultry, and seafood also saw reductions of VND10,000–15,000 per kilogram compared to the holiday peak. Conversely, fresh flowers for spiritual offerings continued to be sold at significantly higher prices than on ordinary days.
Reports from supermarkets indicate that inventory has been fully replenished with a wide variety of goods. Numerous spring promotion programs have been launched simultaneously, focusing on essential items, processed foods, household appliances, and cosmetics to stimulate consumer demand. Thanks to abundant supply and early stockpiling plans, prices for basic commodities have remained stable, with no reports of shortages or price spikes.
Modern distribution networks continue to play a key role in market stabilization. Convenience chains such as Circle K, FamilyMart, 7-Eleven, and GS25 remained operational throughout the holiday, while major retailers including Aeon, MM Mega Market, GO!, and Saigon Co.op have already reopened for the new season.
Experts predict that as daily life and production return to normal, purchasing power will gradually rise. However, given the ample supply and the stable operation of distribution systems, the market is likely to maintain a balanced state, effectively meeting consumer needs.
Regarding consumption trends, current demand is concentrated on fresh food groups such as green vegetables, seafood, and meat (pork and beef). Meanwhile, spiritual items such as fresh flowers and fruits for New Year offerings maintain steady purchasing momentum.
Outlining post-Tet priorities, the Domestic Market Authority stated that the focus will be on stringent market and price management. This includes maintaining seamless distribution networks and ensuring a balance between supply and demand for essential goods and services to prevent shortages, hoarding, or unreasonable price hikes. Authorities will also continue to implement solutions to stimulate domestic consumption and promote the "Vietnamese People Prioritize Using Vietnamese Goods" campaign.
Following the holiday, market surveillance forces will intensify inspections and controls at festival sites, on e-commerce platforms, and along key transportation routes.
The Ministry of Industry and Trade (MoIT) aims to strictly penalize violations regarding pricing, smuggling, counterfeit goods, products of unknown origin, and food safety issues to protect consumer rights and stabilize the market from the beginning of 2026.
Vneconomy-Tuệ Mỹ
Vietnam gears up for 5th EC inspection on IUU fishing
Deputy Prime Minister Tran Hong Ha chaired the 31st meeting of the National Steering Committee on Illegal, Unreported, and Unregulated (IUU) Fishing on February 24.
The session was held via video conference with representatives from coastal provinces and cities across the country, according to a report by Radio the Voice of Vietnam.
According to a report from the Ministry of Agriculture and Environment (MAE), a high-peak inspection plan has been launched, with the ministries of Agriculture and Environment, Justice, Public Security, National Defense, Science and Technology, Industry and Trade, and the Government Inspectorate assigned to conduct inspections in 15 key localities from now until March 9, 2026. The inspection methods and content will mirror the protocols used by the European Commission (EC).
The MAE has also issued Official Dispatch No. 1289 to the chairpersons of coastal provinces and cities, urging them to intensify local inspections and finalize preparations for the EC's 5th inspection visit. The ministry noted that software systems for monitoring fishing vessel activities have been synchronized and integrated.
Emphasizing that the EC inspection team is scheduled to arrive in less than two weeks, the Minister of Agirculture and Environment Tran Duc Thang stressed that the ministry is currently coordinating with various sectors to review, cross-check, and finalize all necessary documentation.
"I urge the chairpersons of the 22 coastal provinces to conduct self-inspections and develop comprehensive, detailed master plans to work with the inspection team upon request," the minister said.
"Localities must strictly review and categorize the handling of vessels that lose VMS connection or cross maritime boundaries, ensuring that documentation is consistent with the data provided to the MAE and the EC. Provinces must also conclusively handle cases where there is sufficient information to penalize captains and owners of seized vessels."
Reporting at the meeting, Lieutenant General Le Quang Dao, Deputy Chief of the General Staff of the Vietnam People's Army, noted that no Vietnamese fishing vessels were reported seized or handled by foreign authorities over the past week. Patrols also found no "three-no" vessels (no registration, no license, no certificate). However, Border Guard and Coast Guard forces detected and handled 13 domestic violations, resulting in fines exceeding VND1 billion ($38,000). Primary violations included VMS disconnections, failure to report positions every six hours, and fishing in the wrong zones.
"In the coming week, Border Guard forces will continue to coordinate with functional agencies to strictly manage the entry and exit of fishing vessels," Mr. Dao said. "The Ministry of National Defense requests that local authorities coordinate patrols to strictly monitor vessels not registered in the national database."
Concluding the meeting, Deputy PM Ha requested that all ministries and localities fulfill the 123 specific tasks previously outlined by the Prime Minister. He ordered a thorough review of all explanatory reports addressing the EC’s concerns.
With only two weeks remaining, the Deputy PM mandated that all sectors continue implementing the high-peak inspection plan under MARD’s Decision No. 515. He emphasized that responsibilities must be clearly assigned to both local authorities and central ministries. Beyond comprehensive inspections, each ministry must focus on its specific area of expertise—particularly the Ministry of Science and Technology, which is tasked with working with MAE to ensure the connectivity and transparency of tracking systems.
VOV-
Vietnam’s foreign trade exceeds $130 bln in early 2026
Vietnam’s total foreign trade turnover reached $41.67 billion in the first half of February, rising 31.77% year-on-year, according to the Vietnam General Department of Customs.
The latest figures brought the country’s total trade value so far this year to $130.18 billion, representing an increase of 36.93% compared to the same period last year.
Export revenue in the first half of February stood at $20.36 billion, up 12.79% from the first half of January. The growth was largely driven by the manufacturing and processing sector, particularly high-tech products. The foreign-invested sector contributed $15.8 billion, accounting for nearly 78% of total exports.
Meanwhile, import turnover reached an estimated $21.31 billion, resulting in a trade deficit of $947.92 million for the period.
VnEconomy-Hoàng Sơn
HAUS Da Lat appoints Mr. Michael Sheren as Chairman to strengthen ESG governance
The developer of the HAUS Da Lat real estate project has appointed Mr. Michael Sheren as Chairman of its Board of Directors, marking a significant step in strengthening corporate governance and reinforcing the brand’s long-term commitment to ESG principles from the outset.
Mr. Sheren, a British national, is widely recognized as a global leader in green finance, governance, and public policy. He currently serves as Vice Chair of the Banking Environment Initiative, is a Fellow at the Cambridge University Institute for Sustainability Leadership, and a Senior Advisor to the UNDP Sustainable Finance Hub.
Prior to these roles, Mr. Sheren was a member of the World Economic Forum’s Expert Group on Sustainable Governance. He also served as a Senior Advisor at the Bank of England, where he provided strategic counsel and independent challenge to senior management on risk, governance, and operational matters within the financial system, particularly regarding climate change and sustainability standards.
In his climate-related work, he has been deeply involved in efforts to “green” the global financial system. He co-chaired the G20 Sustainable Finance Study Group; served as a UK delegate to the Network for Greening the Financial System (NGFS); contributed to digital green bond initiatives within the Bank for International Settlements (BIS) Innovation Hub; and was a co-founder of the Bank of England’s Fintech Accelerator.
Mr. Michael Sheren is a global leader in green finance, governance, and public policy.With more than 25 years of experience in international capital markets, Mr. Sheren specializes in the structuring, distribution, and trading of private equity, commercial real estate, and structured debt for leading financial institutions in New York and London. This background provides a strategic advantage in bridging traditional finance with the ESG standards shaping the industry’s future.
Mr. Sheren holds master’s degrees from Harvard University, the London School of Economics and Political Science (LSE), and New York University (NYU), as well as a bachelor’s degree from George Washington University.
In his capacity as Chairman of HAUS Da Lat, Mr. Sheren said he will work alongside the developer and the HAUS brand to strengthen the governance foundation, advance green finance initiatives, promote sustainable development, and implement the planned ESG roadmap.
HAUS Da Lat is a pioneer in Vietnam’s ESG-driven real estateThe One Destination is a pioneer in developing ESG-oriented real estate models in Vietnam, with a nationwide portfolio of large-scale projects and land holdings, including HAUS Da Lat on the shores of Xuan Huong Lake, a cultural and heritage landmark of Da Lat.
The project features 68 freehold Sky Villas and Sky Mansions, a commercial center, and the five-star InterContinental HAUS Da Lat resort complex. Construction of the various components is underway, with HAUS Residences scheduled for delivery in late 2027.
HAUS Residences - a limited collection of 68 Sky Villas and Sky Mansions enters the marketLam Dong provincial authorities expect HAUS Da Lat to help place Da Lat and Lam Dong on the global tourism map, supported by collaborations with world-leading brands: architectural and landscape design firm Kengo Kuma and Associates (KKAA); Isometrix Lighting Design; 1508 London, interior designers for high-end residences; Chiva-Som, a leading wellness and therapy brand; and Copper Beech, an operational consultant behind private residential projects for world leaders, billionaires, and royalty.
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Hoi An ranked among best destinations in Asia to experience Lunar New Year
The UK-based Time Out magazine has ranked Hoi An in Vietnam’s central city of Da Nang second on its list of the six best destinations in Asia to experience the Lunar New Year, according to a report from the Government News.
According to the magazine, Hoi An's Lunar New Year celebrations offer a gentler take on Tet, unfolding across the lantern-lit streets of its UNESCO-listed Old Town.
"Don't come expecting a mega parade, though. It's mostly a series of cultural rituals and community-led festivities that blend seamlessly into daily life", shared Time Out.
Lunar New Year's Eve sees the Old Town glow with floating lantern releases along the Hoai River, low-altitude fireworks, Lion-Dragon dances, Bai Choi folk singing and the Sac Bua blessing procession.
"While you're there, infuse more depth and texture to your visit by heading to craft-village festivals like the Kim Bong Carpentry Ancestors' Ceremony and Tra Que's Cau Bong Festival", suggested the magazine.
Official statistics showed that Da Nang City took the lead among localities nationwide in welcoming international visitors during the Lunar New Year holiday. During the nine days of Tet, the city was estimated to receive more than 500,000 foreign arrivals.
Total tourism revenue in the city was estimated at over VND 3.96 trillion ($151.35 million), up 34 percent. The city's average hotel occupancy rate reached around 65–70 per cent.
VGP-Pham Long

