The project aims to develop a unified, safe and efficient IoT platform to support the management, operation and exploitation of smart transport systems.

Deputy Prime Minister Tran Hong Ha has approved a project on applying Internet of Things (IoT) in smart transport.

The project aims to develop a unified, safe and efficient IoT platform to support the management, operation and exploitation of smart transport systems under the Ministry of Construction, with data shared among ministries and localities.

Under the plan, during 2026–2028, at least two cities will pilot smart operation centers that integrate IoT-based transport data. All eastern sections of the North–South Expressway will complete non-stop electronic toll collection (ETC), with 100% of ETC data incorporated into the national smart transport data-sharing system. Around 90% of legal documents, technical standards and regulations related to IoT in transport will be completed or submitted for approval.

From 2029 to 2035, at least five cities and 10 provinces will operate integrated smart transport operation centers. All IoT transport data will be standardized and ready for interconnection among the Ministry of Construction, the Ministry of Public Security and local authorities. IoT sensor infrastructure will be installed on at least 50% of major routes, including expressways and ring roads, to support monitoring and maintenance.

VnEconomy-Đan Tiên

The draft decree is expected to be submitted to the Governmet in the next couple of months.

The State Securities Commission (SSC) has completed a draft decree on administrative penalties in the field of crypto assets which is expected to be submitted to the Governmet in the next couple of months, according to Mr. Bui Hoang Hai, Vice Chairman of the SSC.

Addressing the Vietnam Capital Market Outlook 2026 Forum in Hanoi on December 12, he said 2025 marks a significant transition as the foundation for the crypto asset market is established and operational, under the Government's Resolution 05, which pilots the digital asset market in Vietnam.

He emphasized that developing the crypto asset market goes beyond establishing trading platforms; it requires building a safe and comprehensive ecosystem where service providers must meet high standards in financial capacity, technology, and risk management, and investors must enhance their responsibility.

In response to the increasing fraudulent activities and exploitation of crypto assets, regulatory bodies are implementing stringent control measures. "The State Securities Commission has completed a draft decree on administrative penalties in this field, expected to be submitted to the Government in the next couple of months," he said.

The State Securities Commission will work with various ministries and sectors to manage risks, prevent money laundering, and ensure financial safety and security. With a gradual yet firm approach, the crypto asset market in Vietnam is expected to develop healthily, aligning with economic conditions and realizing its potential.

Currently, the legal framework for crypto assets is being clearly defined through the Digital Technology Industry Law (expected to take effect on May 1, 2026) and the Government's Resolution 05/2025/NQ-CP on piloting digital asset exchanges.

VnEconomy-Nam Anh

Total investment capital estimated at $140 million.

The Management Board of the Economic and Industrial Zones of central Hue City is calling for investment in two major infrastructure projects within the Chan May – Lang Co Economic Zone.

The Industrial Zone – Non-tariff Zone No.1 Chan May will cover 238.5 hectares, including 236.5 hectares for industrial and non-tariff activities and 2 hectares for a wastewater treatment system. The project requires an estimated investment capital of more than VND1.45 trillion ($55.2 million), with investors contributing at least 15% of the capital and the remainder mobilised from other lawful sources.

The Industrial Zone – Non-tariff Zone No.2 will span 267.6 hectares and require an estimated investment capital of over VND2.3 trillion ($87.4 million).

Both projects are located about 3 km from Chan May deep-water port and will have an operational duration of 70 years from the date the investment decision is issued.

VnEconomy-Nguyễn Thuấn

Once effectively connected, this network will create an "intellectual super-team" to support the initiative system, training, research, and technology transfer.

With over 500 AI experts currently working at leading research centers around the world, the National Science and Technology Initiative Portal is set to play a key role in connecting the global network of Vietnamese AI talent.

The information is shared at a seminar organized by the National Foundation for Science and Technology Development (NAFOSTED) on December 11 to accelerate the deployment and expansion of the Portal’s ecosystem on a national scale.

According to Assoc. Prof. Dr. Dao Ngoc Chien, Director of NAFOSTED, Resolution 57, alongside the Law on Science, Technology, and Innovation, has ushered in a new era where innovation has become the central driver of national development.

One of the key requirements set forth is the formation of a national digital platform capable of mobilizing societal intelligence, connecting resources, and disseminating knowledge widely. In this context, the National Science and Technology Initiative Portal serves as a core component in realizing this spirit.

The portal is designed as an open system allowing for the participation of multiple stakeholders, including leaders of ministries, sectors, and localities; evaluation councils; initiative-receiving agencies; organizations; individuals; and the internet community.

Parallel to the development of the portal, NAFOSTED is deploying a global network of Vietnamese AI experts.

Vietnam currently has over 500 AI experts working at top-tier research centers worldwide. Once effectively connected, this network will create an "intellectual super-team" to support the initiative system, training, research, and technology transfer.

This step reflects the mindset of connection, openness, and the globalization of intellectual resources as outlined in Resolution 57, based on the view that "Vietnamese people, wherever they are, can contribute to national innovation."

Mr. Chien emphasized that universities can leverage the portal as a tool to support lecturers and students in proposing ideas, conducting research, and fostering innovation.

Localities can use the portal to seek solutions for socio-economic development and digital transformation. Meanwhile, businesses will have the opportunity to access a rich repository of initiatives, strong research groups, and the network of AI experts.

NAFOSTED aims to develop the portal into a national digital platform that operates in a professional, transparent, and modern manner, connecting initiatives with funding programs, research support, and commercialization efforts.

The Foundation will also continue to build the global Vietnamese AI expert network as a national intellectual asset and establish an initiative ecosystem where ideas are discovered early, nurtured properly, and disseminated widely.

Vneconomy-Bạch Dương

The credit quota system applied to commercial banks in Vietnam is in need of an update.

Bank credit has long been the “artery” of Vietnam’s economy. For more than a decade, the State Bank of Vietnam (SBV) has managed lending through the “credit space” system, which sets quotas for each commercial bank. In 2025, the SBV raised its target for system-wide credit growth to 19-20 per cent to support economic recovery, up from the initially-planned 16 per cent.

The system allows the SBV to directly control the flow of capital, particularly in a banking sector still grappling with weaknesses and high non-performing loan (NPL) ratios. But as the sector evolves, with many banks meeting Basel II standards and moving towards Basel III under Circular No. 14/2025/TT-NHNN, issued June 30, 2025, and with major banks maintaining capital adequacy ratios that are 3-4 per cent above the minimum, the rigid credit quota mechanism is increasingly seen as inflexible and out of step with market realities.

From quotas to risk

Under the current system, the SBV allocates annual credit space to each commercial bank, depending on financial capacity and regulatory compliance. Once a bank’s credit exposure reaches its allocated limit, it cannot lend further, even if market demand for capital remains strong.

In 2025, under this expanded credit space, some large banks posted credit growth of over 18 per cent in just the first half of the year. Smaller banks, meanwhile, face strict credit limits, making it harder for many businesses, especially high-quality borrowers, to access their funding.

This approach allows quick risk control but also creates drawbacks: weaker banks are restricted in lending, which makes sense from a risk management perspective, while strong banks are capped by the same growth ceiling. As a result, financially-sound companies may still be unable to secure loans simply because their bank’s credit space has been exhausted.

Many banking experts argue that Vietnam should gradually move from a “hard quota” system to a risk-based supervision model. Instead of applying absolute limits, the SBV could use financial safety indicators to automatically adjust each bank’s lending capacity according to its risk level and management capability. Four key indicators need strict monitoring.

First, the CAR, which reflects a bank’s ability to withstand risk. Under Basel III, the minimum CAR is 8 per cent. If a bank exceeds allowable risk, for example by expanding real estate lending, its CAR falls, forcing it to halt further credit growth. This acts as a “natural brake” replacing administrative quotas.

Second, the Loan-to-Deposit Ratio (LDR), which measures how much deposited capital is used for lending. If the LDR exceeds 85-90 per cent, the bank risks liquidity shortages and must adjust credit growth accordingly.

Third, risk weights under Basel III. Different loans carry different risk weights, for example real estate loans may have a 150 per cent risk weight while government lending would be 0 per cent. This mechanism forces banks to optimize their loan portfolios according to safety levels.

Fourth, high-risk sector lending limits. The SBV can still maintain lending caps for sensitive sectors like real estate and corporate bonds, containing risk without imposing growth limits across the entire banking system.

Caution ahead

Many bank leaders and experts believe Vietnam is not yet ready to fully abolish credit space limits, with at least five valid reasons behind their caution.

First, the financial system remains heavily reliant on bank credit. In an environment where capital markets are still underdeveloped, removing credit quotas too soon could channel funds into speculative sectors like real estate and equities, destabilizing the macro-economy.

Second, risk management capacity is still weak at some banks. Many smaller banks continue to chase rapid growth to expand market share. With Basel III not yet fully implemented and NPL ratios at some banks reaching 14 per cent in the first quarter of this year, loosening credit could threaten overall system safety.

Third, supervisory infrastructure and data remain limited. The Credit Information Center (CIC) cannot yet track real-time data, making it difficult for the SBV to detect banks exceeding their lending capacity or deviating from policy directions early.

Credit space remains an effective macro-management tool because it allows the SBV to respond quickly to economic fluctuations. When growth needs stimulation, quotas can be expanded; when inflation needs control, quotas can be tightened immediately. Indirect tools cannot match this short-term flexibility.

A full abolition of credit space would only be appropriate once financial markets are fully developed and supervisory infrastructure is strong. Acting prematurely could lead to a “credit discipline breakdown”. Fitch Ratings has warned that easing credit controls could push up NPL ratios, especially with GDP growth in 2025 projected at only 5.6 per cent.

Risk-based roadmap

To minimize risks, regulators need to design clear response scenarios during the transition towards abolishing credit space limits.

In the first scenario, heated localized growth could occur if smaller banks exceed their quotas through indirect lending, via subsidiaries or corporate bonds, causing NPLs to rise 20 per cent above current levels. The SBV could respond by temporarily tightening additional credit space for these banks and requiring quarterly reports on CARs and LDRs.

A second scenario involves a bubble in high-risk sectors. If capital floods into real estate, pushing lending growth above 25 per cent and fueling asset inflation, the SBV would apply Basel III’s 150 per cent risk weight, cap LDRs at 85 per cent, and upgrade the CIC for real-time monitoring to prevent widespread NPLs, similar to the current 3-14 per cent ratios seen in some banks.

The third scenario covers systemic risk. Fully removing credit space could drive debt leverage (credit-to-GDP) above 140 per cent, threatening macro-economic stability. In that case, the SBV would activate contingency measures such as raising the reserve requirement by 2-3 per cent and coordinating with the Ministry of Finance to develop bond markets as alternatives to bank credit.

In the early transition period (2025-2026), the credit space system would remain but become more flexible, linking quotas to CARs, LDRs, NPL ratios, and internal credit ratings. Strong banks could access higher quotas, up to 20 per cent, while weaker banks would have lower limits. At the same time, the CIC would be upgraded to support supervision.

By 2027-2028, credit space could be gradually replaced by a “dynamic risk weight” mechanism. The SBV would no longer assign specific quotas but monitor banks’ safety ratios. Institutions meeting Basel III standards with robust risk management could manage lending independently within their capital limits.

After 2028, credit space could be fully phased out, with lending guided by indirect tools like policy interest rates, reserve requirements, capital adequacy standards, and real-time data monitoring. The SBV’s role would shift to guidance and oversight rather than quota allocation.

Vietnam has come a long way in controlling credit, moving from periods of high NPLs to a stable banking system. But as the economy grows and capital demand rises, the “hard brake” of credit quotas should be replaced by a “soft brake” based on safety standards and risk-based supervision.

VET-Hoang Le

Mr. Pham Van Quan, CEO of product traceability solutions provider the Checkee Technology JSC, tells Vietnam Economic Times / Vneconomy how traceability can elevate the value of Vietnamese goods and combat counterfeits.

What made you decide to start Checkee - your venture into product traceability?

At the end of 2015, I had the opportunity to visit Japan for a short-term training program. What truly impressed me there was the country’s incredibly strict food traceability system. From supermarkets to the smallest convenience stores, every product carried a detailed “profile” - from its place of origin and farming process to information about the farmers themselves. This transparency not only builds consumer trust but also reflects a deep-rooted culture of accountability in Japan.

Returning to Vietnam, I became increasingly concerned about counterfeit goods and, more critically, food safety. I spent time studying the issue and came to believe that traceability could be the key to rebuilding consumer confidence and improving the quality of Vietnamese products.

What makes Checkee’s solution different from others on the market?

Checkee has built a multi-layered data ecosystem that connects information across businesses, products, processes, independent verification, and consumers. This structure ensures data is no longer one-way; it is cross-checked and verified at each layer, enhancing transparency and real trust.

Through this system, businesses can manage transparency across different data layers, apply multi-level anti-counterfeiting verification, and store authentication logs using Checkee’s smart anti-fraud solution, State Lock. We also advise clients on choosing the right data carriers for their products and business models, as well as how to use traceability codes for marketing purposes. This allows businesses to prove product quality and strengthen brand credibility.

One of Checkee’s first clients was Sopet Gas One, a Japanese gas company in Vietnam, followed by a local fertilizer business with 20 years of operations. It seems you didn’t start with small businesses?

That’s right. With my previous experience in developing technology solutions and recognizing that market needs at the time weren’t being met, I chose a more difficult path, focusing on large enterprises first to establish credibility. For me, solution providers and users form a symbiotic relationship.

With that approach, more than 10,000 businesses, from large corporations to micro-enterprises, now use Checkee’s solutions. Our systems record around 30 million traceability checks each month. Most proudly, Checkee recently became the first Vietnamese company to be certified by the National Barcode Center for successfully connecting with the National Product Traceability Portal.

Beyond combating counterfeits and boosting sales, what tangible benefits does product traceability bring to businesses willing to invest in it?

The biggest advantage is a shift in management and investment mindset, transforming how an entire production system operates. Modern traceability technology helps businesses demonstrate transparency and accountability, thereby enhancing product value, strengthening competitiveness, and improving the customer experience.

Take Coffee 15, for instance. Based in the central highlands and with access to quality raw materials, the company faced challenges a few years ago when the coffee market was flooded with mixed and low-quality products, making it hard for honest producers to prove authenticity.

In response, Coffee 15 invested in a full traceability solution, managing farm logs by growing area, categorizing raw materials, and assigning unique digital identities to each product. By making its entire process transparent, the company not only protected consumers but also strengthened its brand. Today, Coffee 15’s products are exported to the US and sold nationwide in major supermarket chains.

As a solutions provider, how do you assess the current state of product traceability in Vietnam?

Traceability in Vietnam is moving from ad-hoc adoption to standardized and regulated implementation, especially in agriculture, food, pharmaceuticals, and exports. The government has already issued a legal framework, national standards, and technical guidelines. Most recently, the amended Law on Product and Goods Quality stipulates that, from January 1, 2026, traceability will be mandatory for all Group 3 products - those with higher risk levels.

True traceability, however, is more than just “attaching a QR code” or “embedding a chip”. It requires compliance with key standards: standardized product and process information; standardized product and data carrier identifiers; standardized digital data systems (ensuring transparent, chain-based storage integrated with IoT [Internet of Things] devices); mechanisms for monitoring and verification; and adherence to legal and technical regulations. Both regulators and consumers must be able to access and verify product information.

Given the variety of traceability and anti-counterfeiting systems in use today, what technologies do you think will define the future?

It depends on the product category and applicable standards. Today, businesses use a mix of physical anti-counterfeit labels (such as holograms, break seals, or heat-sensitive stickers), QR codes, barcodes, SMS-based electronic labels, and proprietary local systems. However, most face challenges, including fragmented systems, inconsistent identifiers, and unreliable data authentication.

In the future, effective traceability will require integration across multiple layers: physical labels, secure identifiers (QR, RFID, and NFC), and certified storage systems (GS1 or the National Traceability Portal), all built on blockchain technology and enhanced by IoT devices suited to each product type and business scale.

How do you see the future for Checkee and the broader traceability technology market?

Checkee recently adopted a target of VND150 billion ($5.8 million) in revenue over the next three years. In the near term, we will focus on three pillars: standardizing and digitizing supply chains for our partners in line with Vietnamese standards; expanding our transparent data ecosystem; and integrating blockchain, AI, and big data to enable proactive anti-counterfeiting. Our goal is to contribute to the development of a comprehensive national traceability ecosystem across all sectors.

For the broader market, I see three defining trends: traceability will become mandatory and fully standardized; technology will shift from physical to digital anti-counterfeiting and intelligent data systems; and traceability data itself will become a business asset.

Vietnam will move fast in this field, just as it did with digital tax systems, e-invoicing, and QR-based payments. The companies that are more transparent, more trusted, more data-driven, and more compliant with standards will be the ones to thrive sustainably.

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In the second quarter of 2026, the IAEA will send the official report to the Government of Vietnam after completing the necessary procedures.

A mission from the International Atomic Energy Agency (IAEA) has identified two "good practices" in Vietnam that could serve as a model for other countries developing nuclear power.

The mission also acknowledged that Vietnam is approaching its nuclear power program methodically, in accordance with international standards, demonstrating a determination for responsible and effective implementation.

During nearly two weeks of working in Vietnam from December 1 to 11, IAEA experts on the Integrated Nuclear Infrastructure Review (INIR) mission engaged in direct exchanges and discussions with representatives of ministries, sectors, and enterprises to objectively and comprehensively review, examine, and assess all 19 areas of nuclear power infrastructure.

At the closing session on December 11, the INIR mission concluded that Vietnam has made significant strides to restart and accelerate the progress of the Ninh Thuan Nuclear Power Plant Project as well as the development of necessary infrastructure.

Many solutions and decisions have been adopted at all levels, including by the National Assembly, the Prime Minister, ministries, and relevant agencies. In 2025, Vietnam promulgated the amended Law on Atomic Energy and approved specific mechanisms to facilitate the implementation of the nuclear power project.

The INIR mission's preliminary draft report offered 38 recommendations and 13 suggestions, emphasizing areas requiring further action to benefit Vietnam. These include strengthening the legal and regulatory framework for radiation safety, nuclear safety, security, and safeguards; implementing plans to enhance human resource capacity; finalizing preparations for the bidding and construction phases; developing a national strategy on the nuclear fuel cycle and radioactive waste management; and updating coordination mechanisms among all stakeholders.

The expert group acknowledged two "good practices" of Vietnam that could serve as experience for other countries developing nuclear power.

First, the National Assembly's passing of Resolution 189/2025/QH15 demonstrates a strong political commitment to the nuclear power program. It simultaneously establishes specific mechanisms to simplify investment procedures, accelerate site clearance, expand capabilities for capital mobilization and contractor selection, and strengthen coordination among ministries, sectors, and localities. This is a practice the IAEA views as a decisive factor in ensuring the progress and sustainability of the program.

Second, Vietnam has effectively leveraged its existing experience and environmental monitoring network to serve the nuclear power project preparation process. This is a practice recommended by the IAEA as it helps improve the quality of environmental assessments, increase transparency, and reduce project preparation time.

These two practices demonstrate that Vietnam is approaching the nuclear power program in a methodical manner, consistent with international standards, and showing a determination for responsible and effective implementation.

According to the schedule, in the first quarter of 2026, the IAEA and Vietnam will coordinate to finalize the draft INIR report. In the second quarter of 2026, the IAEA will send the official report to the Government of Vietnam after completing the necessary procedures.

Vneconomy-Bạch Dương

Ministry of Finance delegation led by Vice Minister Le Tan Can met AIA Group in Hong Kong to discuss insurance reforms. Leaders of the Ministry of Finance and AIA Group

A delegation from Vietnam’s Ministry of Finance, led by Vice Minister Le Tan Can, visited Hong Kong and China from December 1 to 5, 2025, as part of ongoing research into insurance policy reforms and efforts to identify solutions for the sector’s development through 2030.

On December 2, the delegation held talks with AIA Group at the company’s Hong Kong headquarters. Accompanying Vice Minister Can were Mr. Ngo Viet Trung, Director General of the Insurance Supervisory Authority, along with senior officials from several of the Authority’s departments.

AIA Group’s delegation included Mr. Garth Jones, Group Chief Financial Officer; Ms. Jayne Plunkett, Group Chief Risk Officer; Mr. Fisher Zhang, Regional Chief Executive; and Mr. Andrew Loh, Chief Executive Officer of AIA Vietnam.

Vice Minister Le Tan Can presented the Ministry of Finance’s commemorative medal to AIA Group.

Discussions centered on the socio-economic landscape across regional markets, including Vietnam, and on emerging trends shaping the insurance industry. AIA representatives highlighted the growing application of artificial intelligence and digital technologies aimed at improving customer experience and strengthening agent capabilities—innovations that, they noted, require significant investment and coordinated adaptation from both governments and industry.

AIA leaders also outlined the Group’s strategic priorities and reiterated their hope for continued support from the Ministry of Finance as the company expands its presence in Vietnam.

Vice Minister Can commended AIA Vietnam’s performance and AIA Group’s contributions to both the insurance sector and the broader economy over its 25 years of operations in Vietnam. He expressed confidence that AIA would continue to scale up its investment in the Vietnamese market and wished the company further success in the years ahead.

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Prime Minister Pham Minh Chinh requested that 3,188 km of expressways and 1,700 km of coastal roads open to traffic, while the commencement of technical flight operations at Long Thanh International Airport in the southern province of Dong Nai be ensured, simultaneously on December 19, 2025.

The Government Office on December 11 issued Notice No. 682/TB-VPCP, announcing Prime Minister Pham Minh Chinh's conclusion at the 22nd meeting of  the State Steering Committee  for national key projects in the transport sector, held on December 9. 

In his conclusion, the Prime Minister requested that 3,188 km of expressways and 1,700 km of coastal roads open to traffic, while the commencement of technical flight operations at Long Thanh International Airport in the southern province of Dong Nai be ensured, simultaneously on  December 19, 2025. 

According to the Notice, in 2025, the Steering Committee held seven sessions to review, expedite, and resolve difficulties for key projects.

The Prime Minister, Deputy Prime Ministers, Ministers, and leaders of ministries, sectors, and localities frequently inspected the sites, addressing obstacles to accelerate progress.

Major projects like the North-South Expressway segments and T3 passenger terminal at Tan Son Nhat airport  were completed ahead of schedule.

The Notice quoted the Ministry of Construction as stating that, by December 19, 2025, about 3,188 km of expressways and 1,700 km of coastal roads will be completed and technically opened to traffic, while Phase 1 of Long Thanh International Airport will be fundamentally finished to serve technical flights.

The operation of these key projects is expected to generate added value from land resources, expand development space, reduce transportation and logistics costs, enhance the competitiveness of goods, and create convenience for people and businesses during the 2026 New Year and Lunar New Year holidays, the Notice said.

According to the Notice, Prime Minister Pham Minh Chinh emphasized that responsible agencies must not be complacent, as time is short and the workload remains substantial.

He commended the efforts of project management units, investors, contractors, and consultants who have remained on-site despite harsh weather conditions.

The Government leader also acknowledged the support of local residents who facilitated site clearance.

The Prime Minister requested that in the final phase,  inspection, anti-corruption measures, quality assurance, labor safety, and adherence to the “green - clean - beautiful” standards required for national projects be further strengthened.

Regarding households affected by the projects, the Prime Minister requested that local authorities ensure resettlement conditions that are equal to or better than previous living conditions and prevent complaints from affected people. 

Meanwhile, ministries and sectors were urged to uphold discipline, innovate construction methods, mobilize equipment and manpower, and ensure the timely completion of the expressways,  coastal roads, and Long Thanh airport (Phase 1).

Preparations for the inauguration ceremony on December 19, 2025, must comply with regulations, with project units supporting each other to achieve shared goals, the Prime Minister requested.

Regarding Long Thanh Phase 1, the Prime Minister underscored its special significance and requested that Airports Corporation of Vietnam (ACV) collaborate with military units to accelerate construction, complete key components for the first technical flight, and ensure readiness for commercial operation in early 2026.

VnEconomy-Tuấn Khang

Covering an area of nearly 2,000 ha in northern Bac Ninh province, the project has an estimated investment of VND196.37 trillion ($7.45 billion).

The National Assembly on December 11 approved a resolution on the investment policy for Gia Binh International Airport - a project of significance for the aviation infrastructure in the capital region, according to a report from the Vietnam News Agency.

The investment aims to develop the Gia Binh International Airport to international standards as a smart, green, and sustainable next-generation facility, meeting socio-economic development, supporting dual-use operations, ensuring security and defence, and hosting important diplomatic events, including the APEC Economic Leaders' Meeting 2027.

The airport is expected to meet five-star international service standards, ranking among the world’s top 10 five-star airports according to Skytrax, and be recognised for excellent passenger experience by the Airports Council International. It aims to serve as the northern gateway, a regional hub for passenger and cargo transit, and a maintenance, repair, and overhaul (MRO) facility for the Asia-Pacific region.

Covering an area of nearly 2,000 ha in northern Bac Ninh province, the project has an estimated investment of VND196.37 trillion ($7.45 billion). Classified as an ICAO 4F airport, it is designed to serve around 30 million passengers and 1.6 million tons of cargo annually by 2030, and approximately 50 million passengers and 2.5 million tons of goods annually by 2050.

Vietnam News Agency-Khánh Vân

Upon completion, the route will facilitate a direct connection from Hanoi to Vientiane (Laos), while simultaneously linking with the Eastern North-South Expressway and the Ho Chi Minh Road.

The National Assembly (NA) has passed a Resolution approving the investment policy for the Vinh – Thanh Thuy Expressway project, with the preliminary total investment over VND23.9 trillion (nearly 913 million), funded by the State budget.

The Vinh – Thanh Thuy Expressway is a key infrastructure project of strategic importance for socio-economic development, national defense and security, and the completion of the national transportation network.

Upon completion, the route will facilitate a direct connection from Hanoi to Vientiane (Laos), while simultaneously linking with the Eastern North-South Expressway and the Ho Chi Minh Road. Consequently, the competitiveness of the North Central region and related localities will be enhanced, creating favorable conditions to boost trade, services, logistics, and international exchange.

According to the Resolution, the project aims to establish a modern, synchronized East-West transport route to meet growing transport demands and unlock new development opportunities. The NA has agreed to invest in approximately 60 km of the expressway within Nghe An province under the public investment model, divided into 10 component projects.

The entire project will apply advanced construction and management technologies to ensure safety, quality, and efficiency, while encouraging solutions adapted to climate change. Upon entering operation, the expressway will implement non-stop electronic toll collection (ETC).

The project requires a large land area, so land acquisition, compensation, support, and resettlement will be conducted once for the entire route, shortening the time for site clearance and minimizing prolonged impacts on residents. To expedite progress, the NA has allowed the application of special mechanisms.

Furthermore, local People's Committees are authorized to carry out land recovery, compensation, support, and resettlement for construction waste disposal areas; manage waste disposal sites according to land and environmental laws; and develop plans for using the topsoil of reclaimed rice land as per agricultural law. These flexible mechanisms aim to reduce procedures, decentralize power to the grassroots level, and ensure project progress.

VnEconomy -Nguyễn Thuấn

Starting from June 1, 2026, unleaded gasoline (compliant with current national technical regulations) must be blended and formulated into E10 gasoline for use in gasoline engines nationwide.

The Government has decided to abolish the entire biofuel blending roadmap outlined in Decision 53/2012/QD-TTg. In its place, the Ministry of Industry and Trade (MoIT) has issued a new regulation requiring the nationwide application of E10 gasoline starting from June 2026.

Deputy Prime Minister Bui Thanh Son on December 11 signed Decision No. 46/2025/QD-TTg,  repealing Prime Ministerial Decision No. 53/2012/QD-TTg of November 22, 2012, which had established the roadmap for applying biofuel blending ratios with traditional fuels.

According to the MoIT, after nearly a decade of implementation, Decision 53 helped pave the way for biofuels in Vietnam. However, the policy has revealed several shortcomings as the sector enters a phase of extensive development, necessitating a replacement.

Earlier, on November 7, 2025, the ministry issued Circular No. 50/2025/TT-BCT regulating the roadmap for applying biofuel blending ratios with traditional fuels in Vietnam. Circular No. 50/2025/TT-BCT takes effect on January 1, 2026.

Circular 50 also clearly outlines the roadmap for the application of biofuel and traditional fuel blending ratios. Accordingly, starting from June 1, 2026, unleaded gasoline (compliant with current national technical regulations) must be blended and formulated into E10 gasoline for use in gasoline engines nationwide. In addition, the blending and formulation of E5RON92 gasoline for use in gasoline engines will continue until the end of December 31, 2030.

Providing direction on boosting the production, blending, distribution, and use of biofuels in Vietnam, on November 25, 2025, Deputy Prime Minister Bui Thanh Son requested the MoIT to lead and coordinate with relevant ministries and agencies to urgently clarify remaining obstacles to ensure feasibility and consistency in implementing the roadmap for biofuel production, blending, distribution, and use in Vietnam.

Vneconomy-Huyền Vy

TOD is a planning model that centers around public transportation hubs, encouraging the development of office buildings, residential complexes, schools, hospitals, and shopping areas along metro corridors, with a focus on station proximity.

Ho Chi Minh City's Vice Chairman, Bui Xuan Cuong, has signed Decision No. 3065/QD-UBND, issuing a plan to develop TOD (Transit Oriented Development) areas along Metro Line 2 (Ben Thanh - Tham Luong).

The plan encompasses all 12 stations of Metro Line 2 and the Tham Luong depot. The TOD area boundary includes the station, depot, and surrounding areas within a 1km radius from the center of the station or depot. If a land plot only partially falls within this radius, the city will determine whether to include the entire plot or just a part of it in the TOD area.

In the initial phase, the city will focus on pilot TOD planning at five locations: Tham Luong depot, Pham Van Bach station, Tan Binh station, Bay Hien station, and Ben Thanh station. Other areas will be developed subsequently.

TOD is a planning model that centers around public transportation hubs, encouraging the development of office buildings, residential complexes, schools, hospitals, and shopping areas along metro corridors, with a focus on station proximity.

The TOD planning in the city is guided by the city People's Council's Resolution 38/2025/NQ-HDND, aiming to concentrate population, commerce, and offices around metro connection points within walking distance. This approach seeks to optimize land use, enhance public infrastructure efficiency, reduce private vehicle usage, and limit pollution emissions. Planning solutions must harmonize with the preservation and promotion of local cultural values.

The city's Department of Planning and Architecture is tasked with coordinating with relevant departments and units to review planning, draft proposals, estimate budgets, select consultants, and organize TOD area planning. Additionally, the department will collaborate with organizations and individuals to support planning activities and report to the city on funding methods, results, and sponsorship products for TOD areas.

The Department of Finance will allocate funds for TOD area planning and identify investment invitation areas. The Department of Agriculture and Environment will review land resources, legal land frameworks, and propose solutions to address challenges in land preparation for investment calls.

During implementation, the Urban Railway Management Board will provide information on station locations, scale, infrastructure protection scope, and Metro Line 2 route direction, and offer feedback as required by departments and sectors.

VnEconomy-Thanh Thuỷ

The cooperation program will include intensive training courses, mentoring activities, creative workshops, and professional-community development initiatives, aimed at advancing design skills in business, education, and digital content production.

The Ho Chi Minh City Innovation and Startup Support Center (SIHUB) under the municipal Department of Science and Technology signed a strategic cooperation agreement with Canva, the Australian global design unicorn, on December 11.

The partnership highlights the city’s ambition to become a leading destination for international technology firms and a regional innovation hub.

Mr. Lam Dinh Thang, Director of the Ho Chi Minh City Department of Science and Technology, said the collaboration with Canva will help create a dynamic digital creative environment, support the development of high-quality human resources, and accelerate the city’s comprehensive digital transformation. These efforts will enhance the city’s competitiveness and expand international cooperation amid the rapid growth of the digital economy.

According to Canva, the cooperation program will include intensive training courses, mentoring activities, creative workshops, and professional-community development initiatives, aimed at advancing design skills in business, education, and digital content production.

The partnership between SIHUB and Canva is expected to further strengthen Ho Chi Minh City’s innovation ecosystem and attract more global tech unicorns and international corporations to invest in the city.

VnEconomy-Như Quỳnh

In addition, the Prime Minister approved the reduction and simplification of internal administrative procedures in three sectors: Petroleum; border trade; and consumer rights protection.

Under Prime Ministerial Decision No. 2671/QD-TTg of December 10, 2025, signed by Deputy Prime Minister Pham Thi Thanh Tra, a plan to cut and simplify administrative procedures related to production and business activities under the management of the Ministry of Industry and Trade (Phase 2) has been approved.

According to Decision 2671, the Prime Minister has cut and simplified a number of administrative procedures related to production and business activities in 11 sectors under the ministry's jurisdiction, including: alcohol production and trading; food safety; tobacco; gas trading; import and export; multi-level marketing; e-commerce; international trade; industrial explosives and explosive precursors; electricity; and chemicals.

Simultaneously, business investment conditions have been cut and simplified in 12 industries, specifically: alcohol production and trading; tobacco trading; gas trading; petroleum trading; e-commerce; multi-level marketing business; import and export; goods trading and activities directly related to goods trading by foreign service providers in Vietnam; electricity activities; industrial explosives and explosive precursors; rice production and export business; and chemical trading.

In addition, the Prime Minister approved the reduction and simplification of internal administrative procedures in three sectors: Petroleum; border trade; and consumer rights protection.

Regarding the alcohol business sector, the Government decided to reduce the appraisal fees for business conditions and business activities by 50%. Many types of documents, such as copies of Business Registration Certificates or lists of product labels, have been abolished. The issuance time for alcohol distribution licenses has been reduced from 15 working days to 10 working days, and for alcohol retail from 10 working days to 7 working days from the date of receipt of a valid dossier.

Notably, barriers regarding the distribution system (such as requirements for operating in at least two provinces or a minimum number of wholesale/retail traders) and various "sub-licenses" (such as introductory letters or principle contracts) have been officially removed.

Vneconomy-Huyền Vy

Themed "Industrial Cooperation - Synergistic Development," this year's fair features over 300 standard booths from Vietnamese and Chinese enterprises.

The 17th Vietnam-China International Trade and Tourism Fair 2025 (Mong Cai – Dongxing) officially opened on December 11 in Mong Cai 1 Ward, Quang Ninh Province.

Themed "Industrial Cooperation - Synergistic Development," this year's fair features over 300 standard booths from Vietnamese and Chinese enterprises.

The exhibition areas include a zone for Quang Ninh’s investment, trade, and tourism promotion; a showcase for OCOP (One Commune, One Product) products; and an exhibition highlighting the socio-economic achievements of Mong Cai and China's Dongxing.

Some 162 enterprises from Vietnam's 31 localities showcased their products at over 250 booths and three exhibition zones.

Meawhile, Chinese enterprises exhibited their products in 62 booths and two zones. 

According to Mr. Le Van Anh, Vice Chairman of the Quang Ninh Provincial People's Committee, after 16 editions, the fair has become a significant trade promotion event in the border region. It serves as a forum for economic, trade, investment, and tourism cooperation, as well as cultural exchange between the localities of the two countries.

Within the framework of the fair, which runs until December 15, numerous trade and tourism promotion activities will take place, including: exhibitions of socio-economic achievements; displays of Quang Ninh's OCOP products; the 2025 forum on investment promotion and industrial cooperation; cultural exchanges featuring antiphonal singing on the Mong Cai – Dongxing border river; the 3rd Vietnam-China International Friendship Run; and various product promotion and showcase programs.

According to Mr. Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Ministry of Industry and Trade), economic and trade cooperation remains a pillar in the bilateral relations between Vietnam and China. China has maintained its position as Vietnam's largest trading partner for 21 consecutive years. Bilateral trade turnover in the first 10 months of 2025 reached $207.8 billion, surpassing the total turnover of 2024 based on Vietnamese data.

Vneconomy-Dũng Hiếu

Total investment capital estimated at more than VND2.41 trillion ($91.6 million).

The People's Committee of Ho Chi Minh City has approved adjustments to the extended Provincial Road 991 project, a key transport route connecting to the Cai Mep–Thi Vai port complex and boosting the region’s logistics and industrial development.

The 3.72km road project links National Highway 51 with Cai Mep–Thi Vai port and carries an estimated investment of more than VND2.41 trillion ($91.6 million).

Under the revised plan, the roadbed will be widened from 30m to 57m, featuring two parallel carriageways with three lanes each, designed for a maximum speed of 80kph. The project also includes adjustments to technical infrastructure, traffic intersections, bridge sections, and underpasses.

Earlier, at its 5th session on November 14, the city’s People’s Council approved the investment policy for upgrading Road 991 from National Highway 51 to Ho Chi Minh City’s Ring Road 4.

The project is scheduled for implementation during the 2025–2030 period. Land clearance will take place from the first quarter of 2026 to the fourth quarter of 2027. Construction is expected to begin in the first quarter of 2027 and be completed and opened to traffic by the first quarter of 2030.

VnEconomy-Thanh Thủy

The program aims to ensure that all citizens receive primary health care, early disease prevention, and management at the local level.

The National Assembly has approved a resolution to invest over VND88.6 trillion ($33.6 million) in the national target program on healthcare, population and development for 2026-2035.

The program is designed for all Vietnamese citizens, prioritizing those in economically disadvantaged areas, mountainous regions, borders, islands, veterans, the elderly, mothers, children, couples of reproductive age, people with disabilities, migrants, industrial workers, and other priority groups as defined by the Government.

The program aims to ensure that all citizens receive primary health care, early disease prevention, and management at the local level, thereby reducing illness, increasing birth rates, achieving a natural gender balance at birth, adapting to an aging population, and improving population quality.

Additionally, the program seeks to enhance care for vulnerable groups, contributing to the physical, mental, and overall well-being of the population, and building a healthier Vietnam.

By 2030, the program aims for 90% of communes, wards, and special zones to meet national health criteria, increasing to 95% by 2035. It also targets 100% of citizens having electronic health records and lifecycle health management by 2030.

The program sets targets to reduce the rate of stunted malnutrition in children under five to below 15% by 2030 and below 13% by 2035. The crude birth rate is expected to increase by 0.5‰ by 2030 compared to 2025, and by another 0.5‰ by 2035 compared to 2030. The gender ratio at birth is targeted to decrease to below 109 boys per 100 girls by 2030 and below 107 boys per 100 girls by 2035.

The program is divided into two phases, 2026-2030 and 2031-2035.

VnEconomy-Phúc Minh

Over 328,600 vehicles were sold in the January-November period.

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 328,669 vehicles in the first 11 months of 2025, marking a 6.5% year-on-year increase.

By category, passenger car sales slightly dropped 1%, while commercial vehicles rose 29%, and special-purpose vehicles jumped 70% year-on-year.

Notably, while the sale of domestically assembled vehicles fell 3%, that of imported completely built-unit (CBU) cars rose 17%, reflecting a shift in market preferences and supply.

In November alone, a record 39,338 vehicles were sold, surging 4% from the previous month, but down 11% compared to the same period last year.

Of which, sales of domestically assembled cars reached 18,370 units, up 7% from the previous month, while completely built-up imported vehicles climbed 1% to 20,968 units.

VnEconomy-Lê Vũ

Hanoi affirms that the time-based ban on gasoline-powered motorbikes in low-emission zones will be implemented according to schedule, while also preparing support policies and infrastructure to reduce pressure on people and businesses...

At a recent seminar titled "Hanoi Bans Gasoline Motorbikes by Hour: Infrastructure and Livelihood Considerations," organized by the Hanoi People's Committee, Deputy Director of the city's Department of Construction Dao Viet Long emphasized that establishing low emission zones is a "comprehensive step" with a long-term roadmap, not a standalone solution.

The transition from gasoline motorbikes to electric ones is the most impactful aspect, affecting millions of people. Therefore, the city must prepare a complete legal framework, support mechanisms, technical infrastructure, and traffic organization plans.

Mr. Long stated that the Department of Construction is finalizing a draft policy to support vehicle conversion, aiming to ensure that citizens do not face difficulties. Additionally, a draft resolution encouraging investment in bus stations and parking lots is being developed. The city is also researching the development of charging stations in residential areas, accompanied by standards and power supply plans to meet the demand for green vehicles.

According to the Deputy Director, the low emission zones will only be effective when synchronized with peripheral parking infrastructure, transfer points, and public transportation systems. Hanoi aims to increase mini electric buses in densely populated small streets and considers the network of 15 urban railway lines, spanning over 600 km, as the "backbone" in reducing personal vehicles.

In response to concerns that the transition is happening too quickly, Mr. Long clarified that the city is not applying a blanket approach but has identified two groups of vehicles that need to transition first, with appropriate support policies for citizens and businesses.

Mr. Long emphasized that these percentages are based on consultations with businesses and related units, allowing the 2026–2030 period for proactive arrangements without requiring simultaneous changes.

Regarding the information about "banning gasoline technology vehicles from July 1, 2026," he noted that this is an incomplete expression. The regulation only applies to replacement or new investment vehicles after this date; vehicles currently in operation, still within their lifespan, and meeting technical standards are not required to transition immediately.

"The city does not set a simultaneous transition to prioritize any vehicle type. The roadmap is designed according to the natural cycle of vehicle replacement, to avoid sudden pressure on citizens and businesses," Mr. Long stated.

VnEconomy-Tuấn Dũng