This is the first plant in Vietnam equipped with a modern production line capable of manufacturing engines that meet international standards,

Kim Long Motor Hue Joint Stock Company on December 5 inaugurated its Yuchai engine manufacturing plant in central Vietnam's Hue city and officially rolled out the first Yuchai engine—marking a historic milestone in its strategy to master core technologies in Vietnam’s engine manufacturing sector, according to a report from the Government News.

This is the first plant in Vietnam equipped with a modern production line capable of manufacturing engines that meet international standards, serving not only the automotive industry but also marine, agricultural, and other key industrial sectors.

Located on a 6.5-hectare site and built with an initial investment of $260 million, the plant features a fully integrated production system with up to 90% automation. It is designed for flexible production, capable of manufacturing a wide range of engine types, including automotive engines, marine engines, agricultural machinery engines, and generators.

In the first phase, 2.5 hectares of the facility have been completed, focusing on the production and assembly of internal combustion (diesel) engines with an annual capacity of more than 40,000 units—equivalent to one engine every three minutes.

In the second phase, Kim Long Motor and Yuchai Group will continue investing in automated machining lines to produce core engine components such as engine blocks, cylinder heads, crankshafts, camshafts, and connecting rods. They also plan to localise structural components including gasket sets and mounting brackets for systems such as air distribution, power output, lubrication–cooling, and transmission.

In addition, Kim Long Motor will put into operation a forging and pressing plant to produce engine blanks, thereby strengthening manufacturing capacity and raising the engine localisation rate to 80%.

At the event, the first two completed engines—Yuchai K11 and Yuchai Y24—were officially rolled out, marking an important step in the journey toward mastering technology and realizing the goal of bringing "Made in Vietnam" automobiles further into the path of global integration.

VGP- Nguyễn Khánh Vân

The recently-issued National Logistics Development Strategy targets, among other things, Vietnam becoming a major regional hub by 2035.

 Deputy Prime Minister Bui Thanh Son signed Decision No. 2229/QD-TTg on October 9 , approving Vietnam’s  for 2025-2035 with a Vision to 2050, which is to position the country as a leading logistics hub in Southeast Asia by 2035. It seeks not only to boost national competitiveness but also to underline logistics as a critical, high-value-added economic sector and a key driver of socio-economic growth.

Logistics services are expected to account for between 5 and 7 per cent of GDP in the 2025-2035 period, while logistics costs relative to GDP are to fall by between 12 and 15 per cent. Vietnam aims to move into the Top 40 in the global Logistics Performance Index (LPI), develop at least five modern logistics service centers, and ensure that 70 per cent of the logistics workforce receives professional training, including 30 per cent with a university degree or higher.

Targets rise further when 2050 comes into view, with logistics expected to contribute 7-9 per cent of GDP and logistics costs relative to GDP to come down by 10-12 per cent. Vietnam is to be in the Top 30 in the LPI by that time. Ten modern logistics centers will be developed nationwide, and 90 per cent of the workforce is expected to hold professional qualifications, including half with a university degree or higher.

Priority tasks

To achieve these objectives, the Strategy sets out nine groups of key solutions and priority tasks.

First, it calls for institutional improvements and enhanced State management. A central element is the development of digital customs and smart customs systems to shorten clearance times, reduce costs, and increase transparency. Issuing classification criteria for logistics centers will support planning, management, and investment attraction.

The Strategy stresses the need to review, amend, and supplement legal regulations related to logistics, promote administrative reform, adopt electronic documentation, and develop national and international standards, thereby strengthening the legal framework and encouraging private-sector participation. Priority will be given to developing logistics centers in Hanoi, Ho Chi Minh City, Hai Phong, and Da Nang, linked to seaports and international airports. Developing a national container shipping fleet is also considered crucial to increasing autonomy in international transportation.

Second, the Strategy focuses on building synchronized and modern logistics infrastructure. This includes the development of large, modern logistics centers in key economic regions; upgrading seaports, airports, inland container depots, and international rail connections; and prioritizing infrastructure for e-commerce, smart warehouses, and green urban logistics to reduce transport costs and improve supply chain efficiency.

Third, regional connectivity is emphasized. The Strategy identifies opportunities for logistics growth in the Red River Delta, the southern region, and the central region, with Hanoi, Hai Phong, Ho Chi Minh City, and Da Nang all key growth poles. Major economic corridors will be connected through modern infrastructure to strengthen regional and international links.

Fourth, it seeks to develop cargo sources and expand the logistics market by attracting investment from major manufacturing and distribution corporations and developing free trade and bonded zones to help Vietnam become a regional transshipment hub. It also encourages the development of specialized logistics services for agriculture, processing industries, and cross-border e-commerce.

Fifth, improving the competitiveness of logistics enterprises is a central priority. The Strategy calls for digital transformation and green transformation programs that will optimize routing, automate warehousing, promote the use of renewable energy, and develop low-emission transport, contributing to the national commitment to net-zero emissions by 2050. It also supports the formation of strong logistics enterprises capable of providing integrated 4PL and 5PL services and expanding internationally, while promoting connections between domestic firms and foreign enterprises to leverage technology, management expertise, and global networks.

Sixth, innovation, digital transformation, and green transition are all highlighted, to grow through modern technologies such as AI, big data, and blockchain for supply chain management, the development of digital and smart customs, and the promotion of green logistics to reduce emissions and move towards carbon neutrality.

Seventh, building a high-quality workforce is another key objective. The Strategy aims for 70-90 per cent of logistics workers to receive professional training by 2050, with half earning university degrees or higher. Multi-level training programs will be implemented and linked with international institutions to enhance skills and practical experience. National occupational skills standards for logistics will also be issued to guide training and assessment, while cooperation with international universities and research institutes will help improve training quality and produce a workforce ready for global integration.

Eighth, the Strategy emphasizes the role of associations and pioneering enterprises. It encourages the development of leading logistics companies capable of driving the market and supporting other enterprises. Logistics associations will act as a bridge between businesses and the government, promote modern supply chains, and organize international forums, conferences, and exhibitions to enhance Vietnam’s logistics profile.

Ninth, the Ministry of Industry and Trade will lead coordination with relevant ministries, agencies, localities, and associations to implement the Strategy, guide the development of action plans, and conduct reviews and report to the Prime Minister. Other ministries are assigned specific tasks, ranging from infrastructure investment and human resources training to standards development, digital customs models, and the expansion of free trade zones.

VET-Vu Khue

The corporation aims to increase localisation in its electronic component supply chain.

Amazon is seeking to increase localisation ratios in its electronic component supply chain and encourages Vietnamese enterprises to deeper participate in its global value chain, according to Ms. Susan Pointer, Amazon’s Vice President for International Public Policy Government Affairs.

During a meeting with Deputy Prime Minister Le Thanh Long in Hanoi on December 5, Ms. Pointer also proposed expanding cooperation in training high-quality human resources in digital technology, data, and artificial intelligence—areas she described as essential to Vietnam’s sustainable development in the digital era.

The two sides also exchanged views on policies for advancing science and technology, developing the digital economy and artificial intelligence, and exploring cooperation potential in low Earth orbit satellites and the production of technological equipment in Vietnam.

Deputy PM Long highly appreciated Amazon’s proposals, affirming that they align with Vietnam’s strategy to develop high-tech industries and promote the “Make in Vietnam” technology enterprise model.

He emphasised that Vietnam attaches great importance to partnerships with leading global technology corporations, viewing them as a key driving force for digital transformation and the development of a knowledge-based economy.

The Deputy PM added that the Vietnamese Government stands ready to create favourable conditions for Amazon to expand long-term, effective cooperation and investment in Vietnam, contributing to the growth of the local e-commerce market and the national science-technology ecosystem.

VnEconomy-Hạ Chi

The region is considered strategically important, contributing 95%, 60% and 65% of national rice, aquatic and fruit exports, respectively.

Prime Minister Pham Minh Chinh has called for diversifying funding sources—particularly through public–private partnerships—to address subsidence, erosion, flooding, drought and saltwater intrusion in the Mekong Delta.

He made the request while chairing a meeting of the Government Party Committee’s Standing Board and permanent Cabinet members to review the master plan on preventing these threats through 2035, with a vision to 2050.

The meeting also examined a report, to be submitted to the Politburo, on progress in resolving long-standing issues related to Ho Chi Minh City’s flood-control efforts and other projects concerning urban environmental protection and air-pollution mitigation.

PM Chinh stressed that resource mobilisation must follow the principle of “harmonised interests and shared risks,” with non-state funding expected to account for around 35%.

Underscoring the crucial role of science and technology, especially advanced solutions, he called for maximising existing effective measures; expanding non-structural approaches alongside structural interventions; and aligning population planning, production models and economic restructuring with the region’s characteristics.

Earlier this year, the Ministry of Agriculture and Environment was tasked with developing the master plan to provide comprehensive solutions for the Mekong Delta’s sustainable development. The region is considered strategically important, accounting for 12.8% of Vietnam’s territory and nearly 18% of its population, while contributing  95%, 60% and 65% of national rice, aquatic and fruit exports, respectively.

VnEconomy-Lý Hà

A greater focus on STEM studies, a recent panel discussion held during RMIT Vietnam’s Sustainability Week 2025 heard, could take Vietnam a long way in its innovation journey.

As climate challenges in Vietnam and around the world intensify, initiatives that harness technological solutions and cross-sector collaboration are becoming increasingly vital. At a panel discussion entitled “How STEM Sparks Sustainable Solutions”, held during Sustainability Week 2025 at RMIT Vietnam, experts from academia, research, and industry explored how innovation in science, technology, engineering, and mathematics (STEM) could accelerate Vietnam’s progress toward the United Nations Sustainable Development Goals (SDGs) and support its shift to clean energy and digital transformation.

The speakers noted that stronger partnerships between industry and universities position STEM as both a catalyst and a backbone for innovation, helping turn research into real-world solutions for clean water, renewable energy, and sustainable infrastructure, and opening the way to new opportunities and transformative impact.

Inspiring sustainable solutions

According to Dr. Nguyen Thanh Dien, Head of the Research Management and International Relations Office and Lecturer at the School of Biotechnology at Tan Tao University, environmental engineering principles play a crucial role in addressing climate change and pollution challenges in Vietnam. “There are two key concepts to focus on: mitigation and adaptation,” he explained. “We need to apply environmental engineering solutions such as waste-to-energy systems and industrial air filtration to reduce pollution.”

Mr. Dong Mai Lam, Cluster President for Schneider Electric Vietnam and Cambodia, shared his insights into the role of STEM in building sustainable enterprises. “Schneider Electric is a technology company, but STEM is not just about science or engineering,” he said. “It is about analytical thinking, critical reasoning, and decision-making skills. We apply STEM in every aspect of our operations, from manufacturing and supply chains to data management, to enhance energy efficiency, digitalize operations, and advance sustainable electrification.”

On renewable energy adoption, particularly rooftop solar, he noted that electricity prices in Vietnam remain relatively low due to subsidies, so the investment incentive is not yet substantial. However, interest in solar energy is growing rapidly in the country, driven by improved regulatory frameworks and rising awareness about sustainability. “The benefits of solar power are clear,” he continued. “Technology is enabling a future where energy is distributed better and is more accessible. When regulation, mindsets, and community motivation align, rooftop solar will become a familiar sight around Vietnam.”

From the perspective of water management, Ms. Nguyen Thi Kim Hoang, South Corporate Affairs Manager at the La Vie LLC, part of Nestlé Waters Vietnam, spoke of how the company has embedded the Alliance for Water Stewardship (AWS) framework into its operations for over three decades, earning international certification for sustainable water management.

Meanwhile, Dr. Phan Cong Hoang, Lecturer in the Food Technology and Nutrition Program at RMIT Vietnam, highlighted the role of STEM education in cultivating critical thinking and problem-solving skills, equipping students to become future leaders in sustainable development. With multi-sector collaboration, STEM is a catalyst and the backbone for innovation to unlock new possibilities and opportunities.

Dr. Dien underscored the need for stronger industry-university collaboration. “We need to hear more industry-defined problems,” he told the panel discussion. “Instead of academics pushing theoretical technology to industry, we need industry pulling solutions from academia by co-funding applied research that addresses specific, real-world operational challenges.”

Speakers agreed that scientific thinking and technological innovation are central to achieving clean water, renewable energy, sustainable infrastructure, and inclusive growth both in Vietnam and globally. STEM, they noted, is the catalyst for innovation and cross-sector collaboration, unlocking new opportunities to advance sustainability across education, business, and the wider community.

Driving sustainable change

Discussing water management, Ms. Hoang described a detailed framework for companies seeking water stewardship certification. “Achieving certification is not simple; it requires every step, each linked to a specific outcome,” she explained. There are five key outcomes for water stewardship.

The first is compliance and collaboration, meaning companies must comply with regulations and work with partners to collectively improve water practices. The second is water efficiency, where internal processes need to maximize efficiency while also supporting local water sustainability projects. The third outcome is water quality. The fourth is the protection of critical water areas. And the fifth focuses on sanitation and hygiene, ensuring that both employees and surrounding communities have access to freshwater and proper sanitation.

Turning to sustainable investment, Mr. Lam addressed common misconceptions. “Many still believe that sustainable investment is costly, but with today’s technological advances, the payback period for green solutions has been significantly shortened,” he said. “Businesses can start with small, practical steps and scale up as they see tangible results.”

He noted that businesses need to look beyond immediate financial returns. A green building, he explained, may cost 3-5 per cent more in upfront capital, but its long-term value is much higher. Certified green projects also tend to attract better tenants and higher valuations. Beyond profit, companies must also embrace their environmental and social responsibility.

Regarding the intangible values reflected in environmental, social, and governance (ESG) reports, he added that sustainable development goals such as carbon emission reductions have become essential components of corporate value. “Every kWh saved translates into reduced emissions, contributing to higher company valuations, especially for listed firms,” Mr. Lam noted.

In closing, Ms. Hoang discussed urban flooding and climate risks, stressing the importance of early warning systems, improved drainage infrastructure, and clear response plans for businesses. “Sustainability means partnership,” Ms. Hoang said. “Protecting water resources requires collaboration with government, communities, like-minded partners, and internal cross-functional teams, especially factory and supply chain teams.”

Balancing tech and impact

As Vietnam accelerates its digital transformation, the growing demand for AI and data centers presents a critical question: how can technological progress move forward without overwhelming the country’s energy and environmental systems?

Dr. Dien highlighted both the potential of and the challenges facing resource-intensive data centers. “Data centers consume tremendous amounts of power,” he said. “AI is transforming every field, from energy and society to scientific research. We must balance technological progress with its social and environmental impact through responsible governance and fair negotiation.”

Addressing concerns that the current global AI boom could become an economic bubble similar to 2008, and the potential implications for Vietnam, Mr. Lam said AI must be viewed from multiple perspectives. “It brings significant efficiency improvements across operations,” he explained. “At Schneider Electric, we have fully integrated AI into our energy solutions.”

He cited EcoStruxure, Schneider Electric’s connected energy management platform, as an example of how AI and data analytics help businesses optimize operations, predict equipment failures, reduce electricity consumption, and cut carbon emissions. “The key is to turn ‘invisible energy’ into something visible so that companies can measure, monitor, and improve their energy performance,” he emphasized. “AI delivers remarkable efficiency in operations and production, but data centers must also be designed to use electricity more efficiently.”

He further added that AI can optimize energy use, anticipate equipment failures, and enhance operational efficiency, but it must be applied responsibly. “AI should empower people, not replace them,” he stressed. “Human creativity and accountability remain irreplaceable

VET-Nhu Quynh

Vietnam's emission reduction reaching 16.2 million tons of CO2 during 2018–2019 period.

A consultation workshop on "Opportunities for Trading Forest Carbon Credits in Vietnam" was held in Hanoi on December 4.

The workshop updated the progress of the Emission Reductions Payment Agreement (ERPA) implementation, and the legal framework related to the domestic carbon market and international carbon credit transactions of Vietnam.

Additionally, it consulted on the initial evaluation results of trading options for surplus emission reductions from the ERPA Program and future forest carbon credit programs and projects; and assessed potential buyers of surplus emission reductions from the ERPA Program and future forest carbon credits.

Under the ERPA , Vietnam reduced 16.2 million tons of CO2 emission during 2018–2019 period, independently verified by Aster Global. Of which, the amount of CO2 credit transferred to the World Bank (WB) under the ERPA is 10.3 million tonnes, leaving a surplus of 5.9 million tons. Recently, an additional 1 million tons of CO2 was approved for transfer by the government, resulting in a surplus of around 4.9 million tons.

WB experts suggest that with the remaining emission reductions, Vietnam should consider how to use them most beneficially for the set goals and commitments. Accordingly, it is necessary to determine the options for using these emission reduction results, including both exchange and effective commercialization of forest carbon credits to maximize profits, benefits, including financial benefits, and contributions to Vietnam's greenhouse gas emission reduction goals.

The WB has provided technical support for Vietnam to evaluate the options for using forest carbon credits, initially focusing on the remaining 4.9 million tons of CO2 from emission reductions. Specifically, this includes exchange forms such as offsetting for Vietnam's carbon credit trading system; or commercializing by selling to third parties through direct or indirect transactions.

Currently, some organizations like the LEAF Coalition and some foreign companies like Amazon, Eni, etc., have contacted and expressed interest in purchasing Vietnam's forest carbon credits. Additionally, survey results show that 7 out of 15 surveyed organizations expressed interest and desire to discuss further with the Vietnamese government about purchasing this emission reduction amount.

VnEconomy-Đỗ Phong

Electronic voting results showed that 439 out of 443 delegates present voted in favor, accounting for 92.81% of the total number of deputies.

The National Assembly (NA) on December 5 voted to pass the amended Law on Judicial Expertise, expanding the scope for establishing judicial expertise offices in certain fields and specialties.

Electronic voting results showed that 439 out of 443 delegates present voted in favor, accounting for 92.81% of the total number of deputies. Thus, the NA has officially passed the amended Law on Judicial Expertise.

Earlier, Minister of Justice Nguyen Hai Ninh presented a summary report on the explanation, assimilation, and revision of the draft law.

During discussions, some NA deputies suggested not permitting the establishment of judicial expertise offices for DNA, document, digital and electronic, and fingerprint analysis. They argued that if allowed, the NA should consider assigning the Government to regulate the specific establishment of these offices based on practical conditions.

Minister Ninh stated that to institutionalize the Party's guidelines and directives, the draft law stipulates expanding the scope for establishing judicial expertise offices in certain fields and specialties.

Specifically regarding DNA, document, digital and electronic, and fingerprint analysis, judicial expertise offices are permitted to conduct examinations only for civil and administrative proceedings. The Government will continue to provide detailed regulations on the sequence, procedures for establishment, registration, and quality control of these judicial expertise offices.

According to Article 20 of the draft, judicial expertise offices are organized and operate as private enterprises or partnerships under this Law, the Enterprise Law, and other relevant legal provisions. They can be established and registered in fields such as forensic science, including document, digital and electronic, and fingerprint analysis, except as specified in Clause 3 of this Article; forensic medicine, including DNA analysis, except as specified in Clause 3; culture, including antiques, relics, and copyright; finance; banking; construction; and resources.

Many deputies expressed concerns about the "right to be exempt from legal liability of judicial experts in judicial expertise activities."

Minister Ninh explained that the draft law has been revised to consider exempting, reducing, or excluding liability for judicial experts who have conducted expertise in accordance with legal procedures, processes, and professional standards, impartially and without personal gain.

"In cases of fraudulent conclusions or refusal to conclude expertise without force majeure or objective obstacles, criminal liability must be borne," the Minister added.

VNeconomy-Đỗ Như

A number of key recommendations were put forward at the forum to help Vietnam develop new economic models for the next phase of growth.

The Vietnam Economic–Financial Forum 2025 was held in Hanoi on December 5, featuring the theme “Positioning Vietnam in a new context and strategic economic–financial vision for 2026–2030.”

It was co-organized by the Ministry of Finance (MoF), the German Agency for International Cooperation (GIZ), and the United Nations Office for Project Services (UNOPS).

In his opening remark, Mr. Do Thanh Trung, Deputy Minister of Finance  emphasized that Vietnam is entering a new development phase with more demanding strategic requirements, shaped by a fundamentally different environment. “This requires Vietnam to reposition itself, create breakthroughs in resource mobilization, renew its growth model, and expand development space in a sustainable manner,” he stressed.

Mr. Do Thanh Trung, Deputy Minister of Finance, speaks at the forum. (Photo: Phuong Nhi)

In order to achieve this, Deputy Minister Trung noted that Vietnam must establish a new growth model in which total factor productivity, investment efficiency, science–technology, and innovation form the core foundation. This model must harmoniously combine traditional drivers (investment, exports, labor) with new ones, such as the digital economy, green economy, knowledge economy, and circular economy.

Besides, a cohesive link among all economic sectors is essential. In which, the Gorvernment must play a enabling role in concentrating on strategic infrastructure and ensuring a transparent legal framework, while the private sector becomes a key engine of creativity and innovation, leading in digital industries, manufacturing, and high-quality services.

According to the Ministry of Finance, Vietnam’s GDP is projected to reach around $510 billion in 2025, up five places from the previous year, ranking 32nd globally and 4th in ASEAN.

At the same time, Deputy Minister Trung said that foreign direct investment (FDI) should be regarded as a selective, complementary source of capital, aligned with next-generation technology transfer and international ESG standards. Vietnam must also maximize new growth spaces by leveraging regional strengths and strengthening the role of priority economic zones as development hubs.

Similarly, Mr. Nicholas George, Deputy Regional Director for Asia–Pacific at UNOPS, noted that climate pressures, shifts in global supply chains, and rapid technological advancements are reshaping growth models worldwide.

He highlighted that the 2026–2030 period will be pivotal for Vietnam as it targets higher value-added growth, develops greener and more sustainable cities, and pursues its long-term vision of net-zero emissions.

Given these global shifts, Mr. George proposed an approach that places resilience and sustainability at the center of Vietnam’s next development phase. This would not only help the country proactively address emerging disruptions but also capture new opportunities arising from the global transition toward low-carbon development.

This transformation requires new growth models, including clean industrial development, efficient energy systems, digitized public services, and financial frameworks capable of mobilizing both public and private capital, according to Mr. George.

Morover, Mr. Sascha Hocke, Deputy Country Director of GIZ Vietnam, suggested that Vietnam should further strengthen key growth drivers—unlocking the full potential of the private sector, accelerating ESG adoption, and expanding green finance and investment.

These elements, according to him, will serve as a vital foundation for the next stage of development, helping advance national priorities in science and technology, energy security, legal reforms, and human resource development.

VnEconomy-Phuong Nhi

NA Chairman Tran Thanh Man emphasized the need to review and complete regulations on: policies for press development; management of press activities in cyberspace and artificial intelligence (AI) issues; ensuring the safety of journalists' operations; conditions for licensing and managing collaborators; definitions and legal status.

During the 52nd session, the National Assembly Standing Committee on December 4 provided input on the explanation, absorption of feedback, and revision of the draft amended Press Law.

Presenting a summary report on major issues regarding the explanation, assimilation, and revision of the draft amended Press Law, Nguyen Dac Vinh, Chairman of the NA Committee on Culture and Social Affairs, stated that on October 23 and November 24, 2025, the National Assembly discussed and provided input on the bill during both group and plenary sessions.

For matters related to "press economy," the Committee's Standing body and the drafting agency reviewed and revised regulations related to public investment, autonomy mechanisms, and revenue regulations from business activities of press agencies in Articles 9, 20, and 23 of the draft law.

Additionally, the Committee's Standing body and the drafting agency reviewed and revised Article 29 of the draft law to regulate state management measures for press activities in cyberspace similar to the four traditional types of journalism, while integrating online services to ensure the integrity of information content published on the national digital press platform.

During the session, many opinions suggested continuing to thoroughly review to ensure consistency and uniformity in the legal system, especially ensuring alignment with the Artificial Intelligence Law project.

Nguyen Thanh Hai, Chairman of the NA Committee for Science, Technology, and Environment, stated that the committee proposed adding content related to the application and use of artificial intelligence in scientific research, education, and journalism communication.

However, the government is currently receiving feedback in the direction that AI usage content in specialized fields will be regulated in specialized laws. Therefore, Ms. Hai suggested considering adding a "framework" provision to ensure coordination and consistency between laws when applied in practice.

Commenting on this draft law, NA Chairman Tran Thanh Man emphasized the need to review and complete regulations on: policies for press development; management of press activities in cyberspace and artificial intelligence (AI) issues; ensuring the safety of journalists' operations; conditions for licensing and managing collaborators; definitions and legal status.

The NA Chairman agreed on the specific and feasible amendment of regulations on press support policies, tax incentives for the press as stipulated in the Corporate Income Tax Law. Accordingly, press agencies will enjoy a tax rate of 10%, instead of previously only print journalism enjoying this rate, while other types of journalism had to bear a 20% tax rate.

He requested that agencies thoroughly and comprehensively review the draft law with existing laws and related draft laws being amended and supplemented to ensure consistency and uniformity in regulations related to journalism, science and technology, digital transformation, information security, advertising, and intellectual property.

Vneconomy-Đỗ Như

The expressway spans a total length of approximately 96.13 km, passing through Ho Chi Minh City, Tay Ninh province, and Dong Thap province.

The Ministry of Construction has approved the investment project to expand the Ho Chi Minh City - Trung Luong - My Thuan expressway with a total investment capital of over VND36,172 billion (nearly $1.4 billion) under the Public-Private Partnership (PPP) model, specifically a BOT (Build-Operate-Transfer) contract.

The project aims to meet the increasing transport demand from the Southwestern provinces (Mekong Delta) to Ho Chi Minh City, the Southeastern region, key economic hubs, international border gates, and seaports. Additionally, it seeks to create opportunities for regional spatial development and contribute to ensuring national defense and security.

The expressway spans a total length of approximately 96.13 km, passing through Ho Chi Minh City, Tay Ninh province, and Dong Thap province.

The project is expected to commence in 2025, with completion and operation scheduled for 2028. The payback period via toll collection is estimated at 17 years and 3 months.

The total land area utilized is approximately 1,070 ha, requiring additional site clearance of over 120 ha in Ho Chi Minh City, Tay Ninh, and Dong Thap.

The consortium designated to execute the project consists of Deo Ca Group Joint Stock Company; Ho Chi Minh City Infrastructure Investment Joint Stock Company; Tasco Joint Stock Company; Hoang Long Construction Investment Corporation; and CII Service and Investment Company Limited.

The project includes the construction of 66 new and expanded bridges, the installation of an intelligent transportation management system (ITS), an electronic toll collection system, and vehicle weight control to ensure synchronization with connecting routes.

Vneconomy-Thanh Thủy

The establishment of the National Housing Fund with a focus on developing a social housing fund for rent not only opens up housing opportunities for people, but is also a strategic step to stabilize the real estate market in the long term...

Research data from the Vietnam Real Estate Market Research and Evaluation  Institute (VARS IRE) indicates that by the end of the third quarter of 2025, the apartment price index in Hanoi, Da Nang, and Ho Chi Minh City increased by 96.2 per cent, 72.6 per cen, and 56.9 per cen respectively compared to 2019. 

While the average income of workers is only about VND15 million per month ($570), the house price-to-income ratio far exceeds affordability. 

According to the institute,  although the government has issued many policies to promote social housing development, the implementation speed of the Social Housing Scheme has improved but the results have not met expectations. 

By the third quarter of 2025, only 692 projects have been implemented nationwide with a scale of 633,000 units. Of these, the number of completed units only reached more than a quarter of the Phase 1 target. 

In response to this situation, VARS IRE and many experts have suggested changing the social housing development model towards the government playing a leading role, from policy planning, land allocation, capital sourcing to implementation organization.

To promote social housing development, the government recently issued Decree 302/2025, establishing the National Housing Fund.

The fund's formation sources are diverse. Notably, the fund's core objective is to create and develop social housing for rent, and it is also allowed to purchase commercial houses for rent to officials, civil servants, and workers.

Mr. Dinh Minh Tuan from Batdongsan.com.vn noted that for the fund to be effective, a diverse capital mobilization mechanism is needed, but the contribution ratio from channels such as the state, banks, businesses, citizens, and international organizations should be regulated. 

VARS IRE also suggests that the government's direct involvement in creating social housing, especially rental social housing, is a strategic settlement solution, aligning with international trends. Many countries have successfully implemented this model, such as in Singapore, South Korea, Germany...

In Vietnam, developing the rental housing market is a necessary step. In the context of rising social housing prices, exceeding the financial capacity of many middle-income groups.

However, for renting to truly become a sustainable solution, VARS IRE suggests promoting public-private partnerships (PPP). In this model, businesses participate in project construction, and the government buys back ownership rights or leases them for operation.

Additionally, further research and issuance of regulations on rental housing standards are needed.

VnEconomy-Hoàng Bách

The city plans to develop a total solar power capacity of about 1,500 MW by 2030.

The Hanoi Party Committee has issued

Under a plan to implement the Politburo's Resolution No. 70-NQ/TW on ensuring national energy security by 2030, with a vision towards 2045, Hanoi targets a commercial electricity output of 52,178,000 kWh, with an average consumption of approximately 5,721 kWh per person annually, and the peak capacity expected to reach 9,400 MW, by 2030.

The plan was recently issued by the Hanoi Party Committee, aiming to enhance the capital's electricity supply capacity and reserve power in the coming years, in order  to meet economic growth demands.

Hanoi is steering towards a renewable energy share of at least 5 per cent in the total primary energy supply and aims to develop a total solar power capacity of about 1,500 MW by 2030.

To that end, the city will invest heavily in centralized solar power projects and install rooftop solar systems in industrial parks, high-tech zones, industrial clusters, government offices, apartment buildings, high-rises, and commercial-service-residential complexes.

Accordingly, 50 per cent of public buildings will utilize rooftop solar power systems under a self-production and self-consumption model, without selling surplus electricity to the national grid. Additionally, the city aims to increase waste-to-energy capacity to approximately 280 MW by 2030.

The plan also sets a target to save 8-10 per cent of the city's total energy consumption.

Furthermore, Hanoi aims to develop liquefied natural gas (LNG) import facilities to meet the needs of gas-fired power plants and other sectors, and establish centralized LNG energy centers in a harmonious and synchronized manner.

Environmentally, Hanoi strives to reduce greenhouse gas emissions from energy  consumption by 15-35 per cent, compared to the business-as-usual scenario, aligning with an economic growth target of 11 per cent or more in 2026 and subsequent years.

The city is also building a smart, efficient power grid capable of safe regional connectivity.

Looking towards 2045, Hanoi aims to ensure robust national energy security, develop a competitive, transparent, and efficient energy and electricity market, and foster a sustainable, resource-efficient energy sector that reduces greenhouse gas emissions and adapts to climate change.

VnEconomy-Phương Nhi

The 66-km expressway, connecting Dong Nai and Lam Dong provinces, carrying an estimated investment capital of $550 million.

The Project Management Board of Investment and Construction No. 1 of  Lam Dong Province has approved Son Hai Group Co., Ltd. as the investor of the Tan Phu - Bao Loc Expressway.

The entire route spans approximately 66 km, with about 12 km running through the southern province of Dong Nai and 54 km through Lam Dong province in the Central Highlands. It will be implemented under the public-private partnership (PPP) model, specifically through a BOT contract. 

Total investment capital is estimated at over VND14.47 trillion ($550 million).

The construction is scheduled to commence on December 19, with an estimated construction period of 25 months, aiming for completion by December 31, 2027. The toll collection period for capital recovery is projected to be 23 years and 9 months.

Upon completion, the expressway will connect with Dau Giay - Tan Phu, Bao Loc - Lien Khuong, and Lien Khuong - Prenn sections of the entire Dau Giay - Prenn route, helping to reduce the distance and travel time between Ho Chi Minh City and Da Lat.

VnEconomy-Thiên Ân

The new route is considered significant for regional connectivity and creates additional momentum for local development.

Vietnam Airlines will launch a direct route connecting Ho Chi Minh City and northern Dien Bien province from December 24.

The province is very well known for the Dien Bien Phu historical relic. 

According to the plan, flights depart from Ho Chi Minh City at 09:35 am and arrive in Dien Bien at 11:55 am. From Dien Bien, passengers can connect to Hanoi on a flight departing at 12:30 pm and arriving at 13:25 pm, making it convenient for further travel.

The combination of daily flights between Dien Bien and Hanoi and the main route network between Hanoi and Ho Chi Minh City, with a frequency of 30-32 flights per day, facilitates access for passengers from the southern region to Dien Bien and extends their journey to prominent tourist destinations in the Northwest.

The new route is considered significant for regional connectivity as it expands the flow of visitors to Dien Bien and creates additional momentum for local development.

VnEconomy-Tuấn Khang

Blending exclusivity, privacy, and one-of-a-kind design, The Privé sets a new benchmark for luxury living on Ho Chi Minh City’s rare riverside land. Riverside living - where exclusive value, privacy, and unique beauty converge.

According to a renowned architect, meeting the standards of the luxury segment requires more than a central location, high price, or a full suite of amenities. The deciding factor, he said, lies in three core values: exclusivity, privacy, and uniqueness. Only products created as a “bespoke masterpiece” can truly enter the class of luxury real estate.

Exclusivity ensures a project does not become mass-produced, allowing it to preserve long-term value and remain accessible only to a select group of owners. Privacy and community uniformity form the second pillar, typically safeguarded in limited-edition developments. Above all, uniqueness defines the luxury segment: each apartment must reflect sophistication in every detail, built from carefully curated elements and carrying a distinct identity not found elsewhere.

The Privé: Three river-facing sides in a rare downtown location

When it comes to creating distinctive living spaces, few advantages rival a riverside setting—where nature becomes both architectural inspiration and emotional anchor. In major global cities, high-end developments often rely on natural elements to reinforce sustainable value and a unique identity. On one of the last remaining riverside plots in downtown Ho Chi Minh City, The Privé embodies this philosophy with refined structure, meticulous handover quality, and a design that honors nature.

In a fast-growing urban center like Ho Chi Minh City, a riverside apartment is already a rarity. At Tower 11, The Privé elevates this rarity with three river-facing sides, opening panoramic views where light, wind, and water blend into a subtle daily rhythm. The design achieves a rare harmony between private living space and the natural landscape.

More than a scenic backdrop, the riverside view creates an emotional continuity throughout the home. Dawn reflections on the water, soft breezes rustling through the treetops, and the shimmering skyline at night appear through expansive windows like ever-changing paintings shaped by the seasons.

The Privé aims to set a new standard of urban living - peaceful, balanced, and enriched by greenery, natural light, and precisely crafted spaces.

Sky Garden exclusively reserved for Tower 11 residents.

One standout feature of Tower 11 is the Sky Garden, an elevated sanctuary designed exclusively for residents. This green space serves as an oasis above the city - a place for meditation, a quiet cup of tea, or simply a moment to watch the city slow down. In an increasingly dense urban environment, owning a private garden in the sky is not just a privilege but a declaration of a lifestyle that values spiritual well-being.

Amenities are thoughtfully arranged at the base of the towers and vertically throughout the building, ensuring convenient access to work, leisure, and wellness spaces. A resort-style swimming pool, private party rooms, children’s play areas, and zones for co-working, learning, sports, and entertainment form a comprehensive ecosystem that retains a sense of luxury and calm.

Like a “resort in the heart of the city” - quiet and contemplative yet firmly connected to urban life - The Privé offers residents a rare balance. Key destinations, from financial hubs to cultural and commercial centers, are only minutes away, preserving the full value of a high-end living space in the city center.

Material distinction and spaces with identity

Tower 11 is the only tower featuring a special one-bedroom collection, exclusively for owners who prefer minimalism and a selective lifestyle.

At Tower 11, handover materials are carefully selected and construction details meticulously controlled, creating a space where craftsmanship becomes a distinct language. The interiors are built from globally sourced materials, guided by a minimalist design ethos and a unified built-in approach.

Every surface has been researched and tested to find the ideal tone, light response, and texture. Quality is expressed not only visually but through multi-sensory touchpoints, subtle yet persuasive, leaving a strong impression on discerning buyers from the first interaction.

The attention to detail is evident throughout: smooth-operating cabinet systems, seamless metal handles that conceal joints, and the refined 3D dragon-scale embossed laminate surface. Under natural light, the material layers intersect softly, contributing to a serene, sophisticated living environment crafted with precision.

Each window and material surface tells a story of refinement and elevated living, shaping an experience that is both luxurious and tranquil. The Privé aspires to symbolize a complete riverside lifestyle, where each day begins and ends in simplicity, elegance, and inspiration.

To explore The Privé’s unique living spaces and core values in full, please visit the official project website: https://theprive.vn

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The project is seen as a pivotal component in enhancing the economic development of the North Central region and strengthening trade between Vietnam, Laos, and the broader region.

The proposal to construct the Vinh - Thanh Thuy Expressway, a crucial link in Vietnam's national transportation network, was presented by Deputy Prime Minister Bui Thanh Son during the 10th session of the 15th National Assembly on December 3.

The project is seen as a pivotal component in enhancing the economic development of the North Central region and strengthening trade between Vietnam, Laos, and the broader region.

Spanning approximately 60 km, the proposed four-lane Vinh – Thanh Thuy Expressway project connects to the North-South Expressway East in Nghe An at its starting point and leads into the Thanh Thuy Border Gate Economic Zone at its terminus. 

Funded as a public investment project, the estimated total investment is around VND23.9 trillion (nearly $906 million), sourced from the increased central government revenue in 2024, and both central and local budgets from 2026 to 2030.

The project is scheduled to commence in 2026 and be operational by 2029. The government has proposed three special mechanisms for the project, including capital balancing assessment, contractor appointment, and regulations on construction waste disposal and topsoil management for rice cultivation land.

Deputy Prime Minister Bui Thanh Son emphasized the project's significance in forming an East-West horizontal axis, integrating with vertical routes like the North-South expressway in the East, Ho Chi Minh Road, National Highway 1, and the coastal route.

It will connect Vientiane (Laos) with Hanoi and major economic centers and seaports, enhancing competitiveness and fostering regional cooperation and development.

Presenting the verification report, Chairman of the NA Economic and Finance Committee Phan Van Mai affirmed that the dossier submitted by the Government has essentially satisfied the requirements of Article 21 of the Law on Public Investment regarding projects of national importance. The Government's submission to the NA for consideration and decision on the investment policy is in full compliance with legal regulations.

However, some opinions suggested that the transport demand on the East-West Economic Corridor and the Vinh – Thanh Thuy route needs to be further clarified for each specific phase to highlight the project's urgency.

Additionally, some delegates requested clarification on the investment progress on the Lao side—from the Thanh Thuy Border Gate to Vientiane—to ensure the synchronous operation of the entire route.

Vneconomy-Gia Huy

The grant comes from the ADB’s Asia Pacific Disaster Response Fund (APDRF).

ADB will provide immediate grant support of  $2 million to Vietnam,  $3 million to Sri Lanka, and $2 million to Thailand; following requests for support from the governments.  

Announcing the financial aid on December 3, President of the Asian Development Bank (ADB) Masato Kanda said the grants will support emergency and humanitarian efforts, and will come from the ADB’s Asia Pacific Disaster Response Fund (APDRF), which provides fast-tracked grants to developing member countries for life-saving purposes in the immediate aftermath of major disasters triggered by natural hazards.

This new assistance package will play an important role in helping localities in Vietnam, as well as in Sri Lanka and Thailand, recover from the severe damage caused by recent storms and flooding. It provides essential resources to support these countries in strengthening their capacity to respond, recover, and rebuild in the face of increasingly frequent and intense extreme weather events.

In Vietnam, a series of major storms and prolonged heavy rainfall have recently triggered serious flooding. Many provinces, particularly in the central region, have suffered significant losses. Many areas have even reported casualties, leaving profound social and economic impacts on local communities.

With the $2 million support from ADB for Vietnam, the funding will help authorities and affected communities swiftly implement emergency relief and recovery activities.

“I am deeply saddened by the suffering caused by these devastating floods,” Mr. Kanda said. “The governments and people of Sri Lanka, Thailand, and Vietnam can rest assured that ADB will provide assistance to help save lives and rebuild communities. We will work quickly and cooperatively with governments to bring shelter, comfort and hope to those affected by these terrible events”.

VNeconomy-Phuong Nhi

Presenting the Government's proposal, Minister of Construction Tran Hong Minh stated that the Government has proposed two specific mechanisms and policies applicable to the North-South high-speed railway project.

The National Assembly Standing Committee (NASC) on December 4 reviewed the draft Resolution regarding specific and special mechanisms and policies for the North-South high-speed railway project.

Presenting the Government's proposal, Minister of Construction Tran Hong Minh stated that the Government has proposed two specific mechanisms and policies applicable to the North-South high-speed railway project.

Specifically, the proposal includes separating the components of compensation, support, resettlement, and the relocation of high-voltage power lines (110kV and above) into independent projects, with funding arranged from both central and local budgets.

At the same time, the Government proposes that while the NA is in recess, it authorizes the NASC to review and decide on supplementing or adjusting specific and special mechanisms and policies regarding investment methods (if any). This is to ensure the timely implementation of the project, with a report to be submitted to the NA at its nearest session.

On behalf of the verifying agency, Chairman of the NA Economic and Finance Committee Phan Van Mai stated that the Committee's Standing body fundamentally agrees with the political, legal, and practical bases outlined in the Government's proposal.

He noted that supplementing mechanisms and policies for the project is necessary. This aligns with the Party's guidelines on mobilizing social resources for strategic projects, unlocking private resources for key infrastructure, innovating methods and diversifying forms of investment, and strengthening decentralization and the delegation of authority linked to accountability.

However, some opinions expressed during the session indicated that the proposed policies were not clear enough and did not address the urgent needs of the project. It was suggested that the relevant authorities should consider and provide specific guidance on the proposed additional mechanisms and policies applicable to the project.

The Standing Committee of the Economic and Financial Committee noted that the NA's permission to separate land acquisition, compensation, support, and resettlement for national important projects into component projects has precedent with the Long Thanh International Airport. Therefore, the government's proposal for the North-South high-speed railway is well-founded.

However, the committee suggested considering the separation into an independent component project and tasked the government with directing localities and relevant ministries to prepare a feasibility study report to ensure consistency and clarity in total investment, land acquisition area, and completion timeline.

There was also a suggestion to allow localities and the Vietnam Electricity to advance funds or use other legal sources to ensure project progress, while clarifying financial management mechanisms, budget reimbursement, and establishing a unified monitoring mechanism among the localities involved in the project.

Regarding the policy of authorizing adjustments to mechanisms during periods when the NA is not in session, the reviewing body noted that this content is already stipulated in Resolution 172/2024/QH15 and the resolution of the 9th session of the 15th NA. Therefore, the NASC concluded that the government's proposal is unnecessary and should adhere to existing regulations.

Concluding the session, NA Vice Chairman Vu Hong Thanh announced that the NASC has agreed to submit the specific mechanisms for the North-South high-speed railway project to the NA for review and inclusion in the Resolution of the 10th session.

The Government is responsible for directing ministries, sectors, and localities to incorporate verification feedback and finalize the project dossier.

Regarding the policy of separating compensation, support, resettlement, and the relocation of electrical infrastructure rated at 110kV or higher into independent component projects, the NASC expressed broad consensus. At the same time, the Committee requested clarification on the total investment, land acquisition area, and the completion schedule.

VNeconomy-Minh Kiệt

The specialized court is designed to be part of the People's Court system but with more flexible organizational and operational mechanisms. It is granted autonomy in proceedings and applies advanced rules to meet the needs of both domestic and international investors.

The proposal for a specialized court model to resolve disputes at the International Financial Center was presented to the National Assembly on December 4.

Presenting the proposal on the draft Law on Specialized Courts at the International Financial Center, Chief Justice of the Supreme People's Court, Nguyen Van Quang, emphasized the necessity of a dispute resolution system that meets international standards, speed, and transparency due to the international nature and complexity of financial transactions at the center.

"These disputes often involve large-scale, complex investment and business transactions, necessitating a court that operates according to international norms," he said.

The specialized court is designed to be part of the People's Court system but with more flexible organizational and operational mechanisms. It is granted autonomy in proceedings and applies advanced rules to meet the needs of both domestic and international investors.

The specialized court will be located in Ho Chi Minh City, with jurisdiction over disputes and requests arising at the International Financial Center in both Ho Chi Minh City and Da Nang.

Its structure includes a trial court, an appellate court, and supporting staff. Judges can be appointed from various sources, including judges from the People's Court, lawyers, experts, arbitrators, law lecturers, and foreigners. This diverse human resource pool is expected to effectively address international disputes.

The court will operate based on key principles such as independent adjudication by judges, ensuring transparent and fair litigation, flexible procedures focusing on efficiency and speed, and maximizing the parties' autonomy. The language used in court proceedings will be English or English with Vietnamese.

Notably, the draft allows parties to choose foreign laws, international commercial practices, or international treaties when foreign elements are involved, a breakthrough step to build investor confidence. The appellate decision is final, with no further review or retrial, aligning with international commercial court practices.

Presenting the verification report on the draft law, Chairman of the NA Committee on Legal and Judicial Affairs, Hoang Thanh Tung, stated that regarding procedural proceedings, the Committee generally concurs with the design of a streamlined and flexible model.

However, the Committee recommends further specification regarding certain regulations, such as: decisions on case resolution; mechanisms for the submission, presentation, and disclosure of evidence; expert evidence; provisional emergency measures; appellate procedures; and the enforcement of judgments rendered by the Specialized Court

During discussions, NA Chairman Tran Thanh Man emphasized that the "rules of the game" must align with international standards to attract capital when establishing an international financial center.

Deputy Do Duc Hong Ha from Hanoi praised the draft law for its ambitious legal thinking, noting that allowing the use of English and foreign laws demonstrates Vietnam's acceptance of international standards.

Deputy Le Thanh Phong from Ho Chi Minh City suggested replacing the appointment regime with a contract-based selection mechanism to attract high-quality personnel more easily.

Vneconomy-Đỗ Mến

Smart urban development, sustainable mobility, the digital economy, and modern trade are expected to open a new chapter in cooperation between Moscow and the southern city.

A business forum on trade and investment held in Ho Chi Minh City on December 3 has emerged as a cornerstone of Vietnam-Russia diplomatic and economic activities in 2025.

Hosted as part of the "Moscow Days in Vietnam" program, the event celebrated the 75th anniversary of diplomatic relations between the two nations.

With the presence of Minister of the Government of Moscow and Head of the Department for External Economic and International Relations of Moscow, Sergey Cheremin, the forum serves as the starting point for a series of accelerated cooperative programs between Moscow and Ho Chi Minh City in smart urban development, sustainable mobility, digital economy, and modern trade.

Deputy Consul General Yury Ivanovich Nemtsov shares examples of Moscow’s metro and smart city system.

On behalf of the Consulate General of the Russian Federation in HCM City, Deputy Consul General Yury Ivanovich Nemtsov shared examples of Moscow’s metro system, featuring 400-500 stations with modern designs, many resembling “palaces underground.”

“Moscow’s experience as one of the world’s fastest-developing and most-modern cities is valuable for Vietnam’s infrastructure and urban management development,” he said.

Modern urban model for HCMC

Speaking at the forum, Minister Cheremin painted an impressive picture of the Russian capital’s transformation over the past 15 years, from a vast megacity into one of the world’s most modern, safe, and efficient metropolitan areas.

Home to more than 13 million people, Moscow now boasts transport, healthcare, education, and digital infrastructure ranked among the best in Europe. The city has received numerous international awards for smart city development, sustainable transport, and quality of life.

“Yesterday, we signed a new cooperative program between Hanoi and Moscow, and we hope to prepare a similar cooperation program with Ho Chi Minh City in the near future,” he emphasized.

Echoing this, Ms. Cao Thi Phi Van, Deputy Director of the Ho Chi Minh City Investment and Trade Promotion Center, noted that HCM City and Moscow share many similarities in population, scale, and GDP contribution, providing a solid foundation for economic and trade cooperation.

Following its recent administrative expansion, the city now spans 6,772 sq. km with 14 million residents, which is comparable to Moscow, and contributes nearly a quarter of Vietnam’s GDP. The city boasts modern infrastructure, including two major airports, 164 hospitals, over 200 universities and colleges, and 66 industrial parks covering a total of 27,000 ha.

Looking ahead, it is targeting development in five key areas: a financial hub, smart urban development, innovation centers, smart logistics and seaports, and tourism and resort networks. HCM City currently has 127 projects seeking investment, with 20 key projects in high-tech, education, healthcare, and economic sectors.

Ms. Van emphasized that the similarities between HCM City and Moscow, combined with investor networking at forums, will act as a strong platform for the two cities to connect effectively with global markets and unlock new opportunities for investment and trade in the near future.

One of the forum’s most-discussed topics was the development of Moscow’s car-sharing system; an urban mobility model reshaping the city’s transport landscape.

Speaking with VnEconomy / Vietnam Economic Times, Mr. Ilya Koltygin, Head of the Russian Export Center (REC) in Vietnam, said car-sharing vehicles marked with decals will hit the streets of HCM City in the coming months before expanding to other cities.

According Mr. Koltygin, the model has already been successfully implemented in Moscow and other Russian cities. According to data, each shared vehicle can replace about five private cars, helping ease traffic congestion, a crucial factor as major Vietnamese cities like Hanoi and Ho Chi Minh City face growing pressure on infrastructure.

“Car-sharing promotes green transport, reduces emissions, eases congestion, and provides residents with more convenient mobility options,” he said.

With more than 50,000 shared vehicles, Moscow is now the largest car-sharing market in Europe and among the Top 3 globally. Studies in Russia show that a single shared vehicle can replace four to six private cars, significantly reducing congestion, parking demand, and emissions.

Urban cooperation opens a new chapter

Moscow delegates at the forum reaffirmed that its experience in urban development offers valuable lessons for HCM City.

First, as Vietnam’s metro and transport systems continue to grow, Moscow’s rapid transit expansion serves as a sound model. Since 2011, the city has added 123 metro stations and completed an 80-km circular line - the world’s longest - demonstrating efficient large-scale transit development.

Second, the city’s “City Operations Center”, a large data platform coordinating traffic, public services, healthcare, and education, highlights the role of smart technology in urban management. Several countries, including Vietnam, are among Moscow’s priority partners for adopting this model.

Third, Moscow is advancing green transport with the world’s largest electric bus fleet and a river electric craft network on the Moskva River; an approach relevant for HCM City as it develops water-based transport.

Fourth, there are strong opportunities for HCM City to partner in innovation, education, medical technology, and infrastructure.

Mr. Dmitrii Gashchenkov, Deputy Prefect of the Western Administrative Okrug of Moscow, highlighted Moscow’s “innovation heart” in the Western District, which is home to the Skolkovo Innovation Cluster, Moscow State University, major science and technology centers, modern hospitals, new metro links, and pedestrian bridges.

Trade between Moscow-based enterprises and Vietnam currently totals nearly half a billion dollars and is expected to grow with rising demand for high-tech goods, agricultural products, energy cooperation, and urban development.

Concluding the forum, Minister Cheremin emphasized Moscow’s readiness to share expertise and support HCM City across all priority areas.

“We invite Ho Chi Minh City to Moscow - a modern, vibrant, and strategic partner of Vietnam,” he said, signaling plans for a future cooperation program similar to the Moscow - Hanoi agreement signed just a day earlier.

-Nhu Quynh