The proposed Han River tunnel will span approximately 1.67 km, with a total investment estimated at around $269.2 million.

Da Nang city has submitted a detailed report outlining plans for the construction of two major infrastructure projects: a tunnel beneath the Han River and a tunnel under Da Nang International Airport, according to a report from Radio the Voice of Vietnam.

The proposed Han River tunnel will span approximately 1.67 km, beginning at Dong Da Street in Hai Chau district and ending at Van Don Street in Son Tra district. The total investment capital for the project is estimated at VND6.88 trillion ($269.2 million), with construction costs amounting to VND3.9 trillion (nearly $152.5 million).

To improve East-West connectivity through Da Nang International Airport, the central city's Department of Construction has proposed a 2.9 km tunnel project. The tunnel will connect Truong Chinh Street to Duy Tan Street and from Truong Chinh Street to the Western Ring Road 2.

This project includes two open-cut sections totaling 570 m, three box tunnel sections measuring 1,450 m, and a 900 m tunnel running beneath the existing airport runway.

Two options are being considered for the airport tunnel. Option 1 incorporates a Mass Rapid Transit (MRT) line sharing the tunnel with roadways, with an estimated investment of VND10 trillion ($391. 3 million). Option 2 excludes the MRT line, reducing the estimated cost to VND7.5 trillion ($293.4 million).

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The Tu Lien birdge is part of the larger project to connect the Ho Tay - Co Loa axis.

Construction of Tu Lien Bridge, one of Hanoi’s key transportation infrastructure projects , is scheduled to start in mid-May this year, according to the capital city’s People’s Committee.

Chairman of the committee Tran Sy Thanh has requested relevant departments and agencies to take all necessary measures to break ground on the bridge and its access roads on May 19.

Total investment capital is estimated at VND22 trillion ($855 million).

The bridge is part of the larger project to connect the Ho Tay - Co Loa axis and is one of  Hanoi's more bridges planned to cross the Red River. The project aims to alleviate traffic congestion and promote socio-economic development on both banks of the river as well as the entire city.

According to the feasibility study report, the Tu Lien Bridge and the connecting road to the Hanoi - Thai Nguyen Expressway will cover a total length of approximately 11.5 km, starting from the Nghi Tam intersection to the Ring Road 3 intersection.

The Tu Lien Bridge itself will span 2.9 km, with the main bridge covering 1 km. The planned cross-section includes two lanes for motorized vehicles, two mixed lanes, and two lanes for pedestrians.

The bridge will feature a main span across the Red River, connecting the western bank along the Au Co - Nghi Tam route (in Yen Phu and Tu Lien wards, Tay Ho district) with the eastern bank in Dong Anh district.

 

-Phương Nhi

The two projects providing 4,420 units.

Authorities of central Nghe An province have approved investment policy for two social housing projects for workers of VSIP Nghe An Industrial Park.

The first project is part of the Luxshare ICT Nghe An 1 Plant. It covers 0.33ha and will provide 253 apartments for 1,132 workers.

The second, covering 4.43ha, will provide 3,288 apartments for 12,474 workers as part of the Luxshare ICT Nghe An 2 Plant.

The Luxshare ICT Nghe An 1 and 2 plants have estimated investment capital of VND3.549 trillion ($138 million) and VND8.652 trillion ($336 million), respectively.  

Construction of the two plants is scheduled to start this year and complete in 2026.

Earlier, Nghe An authorities gave the green light to investment policy of four social housing projects for workers at industrial parks in the Southeast Economic Zone, supplying 8,200 units.

 

-Nguyễn Thuấn

Direct flights connecting Hanoi to Bengaluru and Hyderabad scheduled to start in May.

National flag carrier Vietnam Airlines will launch new direct air routes connecting Hanoi to two major cities in India, Bengaluru and Hyderabad, from May this year.

The Hanoi - Bengaluru route will start on May 1, with four round trips per week (Tuesdays, Thursdays, Saturdays and Sundays).

Flights on the Hanoi - Hyderabad route will be effective on May 8, with three round trips per week (Wednesdays, Fridays and Sundays).

Vietnam Airlines has since long exploited two direct routes connecting Hanoi and Ho Chi Minh City to Delhi and Mumbai of India.

In 2024, Vietnam welcomed over 500,000 Indian tourists, making India one of the country’s top 10 largest sources of international visitors.

 

-Tuấn Khang

The two countries explore AI-driven solutions for sustainable pig farming

China, home to the world's largest pig population, and Vietnam, ranked sixth globally, are leveraging technology and artificial intelligence (AI) to advance their livestock industries.

These efforts aim to boost productivity, improve quality, and mitigate disease risks in a sustainable manner.

This was the key theme of the "Vietnam - China Interactive Forum on Pig Industry Innovation" held on March 19, in Ho Chi Minh City, where leading experts from both countries convened.Dr. Nguyen Xuan Duong, Chairman of the Vietnam Animal Husbandry Association, emphasized that "Pig farming in both Vietnam and China faces significant challenges, including diseases such as African swine fever (ASF), which remains complex and challenging for farmers. Biosecurity remains the decisive measure in controlling ASF."

He also noted that the livestock industry must meet increasingly stringent regulations related to environmental concerns and food safety. In particular, controlling environmental impacts and greenhouse gas emissions is creating added pressure on the sector.

During the forum, experts showcased digital technology solutions for livestock farming, including AI-driven tools to monitor the health of pig herds, big data analytics for process optimization, and enhanced disease control measures. A standout development is the use of AI to predict pig health, enabling farmers to take timely actions and minimize losses from diseases like ASF.

Associate Professor Dr. Le Van Phan from the Vietnam National University of Agriculture underscored the vital role of technology in disease control, particularly in combating ASF. He highlighted that rapid testing technology, intelligent surveillance systems, and innovative prevention methods have successfully reduced the spread of the disease, creating a safer environment for livestock farming.

-Chương Phượng

Three investment options for the project have been proposed, with estimated costs ranging between $1.49 billion and $2.4 billion.

Under draft adjustments to the general master plan of Ho Chi Minh City through 2040, with a vision to 2060, a coastal road in the city's southern region was proposed. 

The projected southern coastal road is envisioned as a key infrastructure that will enhance regional connectivity and boost socio-economic development.

Spanning 941 km, the road will traverse nine provinces and cities, including Ba Ria - Vung Tau, Ho Chi Minh City, Tien Giang, Ben Tre, Tra Vinh, Soc Trang, Bac Lieu, Ca Mau, and Kien Giang.

Within Ho Chi Minh City, the road will stretch approximately 45.5 km, including 10.5 km running through neighboring province of Dong Nai. This section is designed with a cross-section width of 50 m and will feature eight lanes, starting from National road 50 in Tien Giang, crossing Soai Rap river, then linking to Ho Chi Minh City's Can Gio district, including Can Gio international transhipment port, and then to Phuoc An port in Dong Nai, and ending at the Ben Luc - Long Thanh expressway (in Dong Nai).

Currently, three investment options for the project have been proposed, with estimated costs ranging between VND38 trillion (nearly $1.49 billion) and VND62 trillion (over $2.4 billion).

-Thanh Thủy

The United States is an important and the largest market for Vietnamese seafood, with seafood import turnover reaching $1.8 billion in 2024.

According to its recent preliminary ruling,  the US National Oceanic and Atmospheric Administration (NOAA), under the Department of Commerce,  does not recognize the similarity of Vietnam's marine mammal management and conservation measures for 12 seafood exploitation occupations, including gillnets, trawls, purse seines, longlines, and single/double trawls, among others. 

Accordingly, the affected seafood species include tuna (bigeye, bluefin, yellowfin, striped), swordfish, squid, grouper, mackerel, snapper, and crab.

At a March 19 meeting of the Ministry of Agriculture and Environment, Mr. Nguyen Hoai Nam, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), reported that VASEP had received notification from the NOAA regarding the implementation of the Marine Mammal Protection Act (MMPA).

The ruling is expected to directly impact the export of several seafood species to the US in the near future, according to Mr. Nam.

NOAA's decision stems from a lack of assurance that Vietnam is implementing sufficient management and monitoring measures to limit injuries and unintentional captures of marine mammals, as required by US regulations, he remarked.

The US noted that while Vietnam has planned some monitoring activities, it has not yet enacted specific regulations to address these concerns, according to him.

Additionally, the US plans to expand the Seafood Import Monitoring Program to include more seafood species, alongside increased information requirements from importers. These changes are anticipated to raise compliance costs for exporters.

"The United States is an important and the largest market for Vietnamese seafood, with seafood import turnover reaching $1.8 billion in 2024. If this issue is not resolved promptly, it will seriously affect Vietnam's seafood exports to the US and harm the industry's reputation," Mr. Nam warned.

"NOAA requires Vietnam to urgently provide evidence and demonstrate progress in implementing a management plan for harvesting practices that align with US regulations by April 1, 2025. NOAA will release its final decision by November 30, 2025. If harvesting practices do not meet the requitements from the United States, seafood products originating from those practices will be banned from exporting to the US, starting January 1, 2026," he added.

In the first two months of this year, Vietnam’s seafood exports to the United States totaled $193 million, accounting for 13.8% of the country’s total seafood export turnover in the period.

-Chu Khôi

Total investment is estimated at $10 million - 20 million.

Gene Bio Medical (GBM), a leading Canadian biotechnology company specializing in molecular diagnostics, has decided to invest $10 million - 20 million in a large-scale plant producing high-quality diagnostic test kits in south-central Binh Dinh province, according to the company’s executives.

The company recently signed a Memorandum of Understanding (MOU) with Binh Dinh Pharmaceutical - Medical Equipment Joint Stock Company (BIDIPHAR) to establish the joint venture to manufacture the test kits, using Canadian technology.

The products will mainly serve Vietnam, Southeast Asia, the Middle East, and North America.

The information was revealed during a recent meeting between BInh DInh provincial authorities and representatives from the Consulate General of Canada in Ho Chi Minh City, the British Columbia Office in Vietnam, and key executives from Gene Bio Medical and BIDIPHAR.

 

-Bạch Dương

The changes specifically addressing purchase methods, ownership limits, and investor obligations.

The Government has issued a new decree stipulating that foreign investors could only buy treasury stocks which were purchased by credit institutions before January 1, 2021, according to a report from the Vietnam News Agency.

Decree No. 69/2025/ND-CP amends several provisions of Decree No. 01/2014/ND-CP regarding foreign investment in Vietnamese financial institutions. The changes specifically address purchase methods, ownership limits, and investor obligations.

Accordingly, total foreign ownership in Vietnamese commercial banks is capped at 30%, with some exceptions, while that in non-bank credit institutions is no more than 50%.

In special cases involving weak or troubled financial institutions, the Prime Minister will decide on ownership percentage of a foreign organization or a strategic foreign investor. The new decree also allows foreign ownership in commercial banks undergoing mandatory transfers to exceed 30% but not surpass 49% of charter capital, provided the bank is not majority state-owned.

If foreign investors surpass the regulated thresholds, they must reduce their ownership percentage within six months to comply with the limits.

When the total foreign ownership in a credit institution exceeds the legal threshold, foreign investors cannot purchase additional shares until total foreign ownership falls below the prescribed limits.

The decree will take effect on May 19, 2025.

-Vân Nguyễn

Total tourism revenue estimated at VND2.555 trillion ($99.3 million).

Central Thanh Hoa province welcomed over 2.6 million tourists in the first quarter of the year, increasing 4.8% compared to the same period last year.

Of the total, there were 35,800 international visitors.

Total tourism revenue is estimated at VND2.555 trillion ($99.3 million), up 6.1% year-on-year.

The province targets to welcome 16 million tourists this year. Total tourism turnover is expected to reach VND45.5 trillion ($1.77 billion) for the whole year.

To fulfill the target, the province will give public investment priority to completing key tourism projects and important transport routes.

The province will also take measures to improve services quality, develop new tourism products and enhance tourism cooperation with localities and agencies both inside and outside the country.  

 

-Nguyễn Thuấn

Lebanon currently imports Vietnam's frozen and processed seafood, coffee, pepper, rice, footwear, garment accessories, as well as machinery and electrical equipment.

Lebanon is emerging as a high-potential market in the Middle East-Africa region, presenting significant opportunities for Vietnamese exporters, as highlighted during the seminar "Vietnam-Lebanon: Trade Potential and Opportunities," held recently in Lebanon, according to the Vietnam Trade Office in Egypt. 

The Vietnam Trade Office quoted Lebanese Customs as reporting that total trade turnover between the two countries in 2024 reached $97 million, a 9.3% increase compared to 2023, with Vietnam dominating the figure, accounting for 99.4% of the total.

Lebanon currently imports various goods from Vietnam, including frozen and processed seafood, coffee, pepper, rice, footwear, garment accessories, as well as machinery and electrical equipment.

A survey conducted by the Vietnam Trade Office at the Hoz Mall supermarket chain in Al Koura district, Northern Lebanon, showed that Vietnamese products like frozen basa fillets, shrimp dumplings, and canned tuna are already available and Mr. Wassim El Hoz, Chairman of the supermarket expressed his willingness to expand a range of Vietnamese products offered to Lebanese consumers.

During discussions between the Vietnam Trade Office and UBSA Pharma Industries in Tripoli city of Lebanon the latter's General Director Zakaria El Sayed and CEO Omar El Sayed conveyed their interest in collaborating with Vietnamese pharmaceutical companies to import vitamins and minerals for local pharmaceutical production.

Despite the growing trade opportunities, Lebanese businesses raised concerns about challenges in working with Vietnamese exporters. Specifically, they pointed out language barriers, with some Vietnamese businesses lacking strong English proficiency, and the difficulty in finding reliable information about Vietnamese companies online. 

Additionally, Lebanese companies in the information technology and software services sectors expressed the need for more accessible information to evaluate the capabilities of Vietnamese IT firms and sought guidance on procedures for establishing companies in Vietnam.

-Vũ Khuê

Over 23 banks have cut the rates following PM's directions.

More than 23 banks have cut deposit interest rates by 0.1-1 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025, according to the State Bank of Vietnam (SBV).

Among them, the BVBank has reduced deposit rates by 0.1-0.4 percentage points for terms of 6-60 months, while the MSB and Saigon Bank cut deposit rates by 0.2 percentage point for terms of 13-36 months.

Kien Long Bank has slashed the rates for online deposits by 0.4-1 percentage points for terms of 1-60 months.

Earlier, on February 24, Prime Minister Pham Minh Chinh signed a Dispatch, requiring the SBV to enhance measures to reduce interest rates.

On February 25, the SBV held a meeting with banks to discuss measures to lower the interest rates to support the economy following the PM’s directions.

 

 

-Kỳ Phong

CPI and core inflation were both within set limits in February and the first two months of the new year.

Following the Lunar New Year, or Tet, holiday, rising prices for various goods pushed up February’s CPI amid ongoing efforts to balance inflation control with the push for higher economic growth.

The latest report from the General Statistics Office (GSO) shows that the CPI increase was primarily driven by supply shortages leading to higher pork prices, as well as rising costs for dining out, rental housing, and transportation services due to stronger consumer demand. As a result, the CPI rose 0.34 per cent against January and 2.91 per cent against February 2024. The CPI also rose in the first two months of 2025, by 3.27 per cent year-on-year.

Rising costs in key sectors

The CPI’s 0.34 per cent month-on-month increase in February included higher prices across nine groups of goods and services, while two groups posted price declines.

The transportation sector experienced the highest increase, of 0.63 per cent, contributing 0.06 percentage points to overall CPI growth. This was largely driven by heightened travel demand during the Lunar New Year holiday. Fuel prices, meanwhile, climbed 0.61 per cent due to domestic price adjustments.

Housing, electricity, water, fuel, and construction materials saw a 0.55 per cent rise, contributing 0.1 percentage points to the overall increase. Rental prices grew 0.8 per cent, as a large number of workers returned to cities for employment after the Lunar New Year and students resumed their studies, driving up demand for rental housing.

Additionally, high real estate prices prompted many landlords to raise rents to reflect property values. Maintenance material costs increased 0.09 per cent, driven by higher cement and steel prices, which followed rising input costs such as coal, steel billets, electricity, and labor. Household electricity prices rose by 0.38 per cent, while water prices went up 0.26 per cent due to increased consumption. Meanwhile, gas prices climbed by 0.56 per cent after a domestic price adjustment on February 1.

Food and dining services rose 0.43 per cent, contributing 0.14 percentage points to overall CPI growth. Meanwhile, the healthcare and medical services group increased 0.31 per cent, with medical service prices rising 0.36 per cent. Additionally, the humid weather in northern Vietnam led to a surge in respiratory illnesses and flu cases, driving up demand for pain and fever relievers, respiratory medications, vitamins, and supplements.

Other groups also posted price increases, including miscellaneous goods and services, up 0.18 per cent, culture, entertainment, and tourism, up 0.17 per cent, beverages and tobacco, up 0.12 per cent, household appliances and equipment, up 0.05 per cent, and education, which saw a slight rise of 0.02 per cent.

Measures for stability

According to the GSO, core inflation in February rose 0.3 per cent against January and 2.87 per cent year-on-year. The first two months of 2025 saw core inflation increase 2.97 per cent compared to the same period last year; lower than the overall CPI of 3.27 per cent. This discrepancy is primarily due to the exclusion of key price-driving factors such as food, electricity, and healthcare services from core inflation calculations.

To maintain the 2025 inflation target of under 4.5 per cent, set by the National Assembly, Deputy Prime Minister Ho Duc Phoc, Head of the Price Steering Committee, emphasized proactive market monitoring. During a meeting in February, he called for closer observation of domestic and global supply and demand trends, particularly for strategic and essential goods, to develop flexible response strategies. A key priority is ensuring supply chain stability, especially for fuel and electricity, to prevent disruptions.

For goods managed by the State, relevant ministries have been instructed to implement price adjustments in a market-driven manner while maintaining strict oversight. Additionally, efforts will continue to strengthen production, distribution, and consumption links to create a seamless supply chain. Coordinated monetary and fiscal policies will be pursued to sustain economic growth, alongside intensified market inspections to prevent shortages and price surges.

Domestic market remains a key growth driver

According to the GSO, the total retail sales of goods and consumer service revenue in February are estimated to have increased by 9.4 per cent year-on-year and 9.4 per cent in the first two months. This is a positive sign, reflecting the continued strong recovery of domestic consumption.

The Ministry of Industry and Trade (MoIT) has assessed that these figures indicate stable growth momentum in the domestic market, which plays a crucial role in supporting the economy amid global market fluctuations. The government has set a target of 12 per cent growth in retail sales and consumer revenue for 2025. With a 9.4 per cent increase in the first two months, average monthly growth of at least 12.2 per cent will be required for the remainder of the year to meet this goal.

Several factors support the target: the stable growth trends in the retail market over recent years, the expanding market scale and purchasing power, and the government’s strong leadership and proactive coordination between ministries and local authorities to boost consumption. Various demand stimulus programs and e-commerce development initiatives have diversified distribution channels and improved customer accessibility. Moreover, a stable macro-economic environment and reasonable interest rates provide favorable conditions for consumption and investment.

However, challenges remain. Uncertainties in global trade policies could impact supply chains and commodity prices. Ensuring a stable supply of goods is crucial, especially amid potential fluctuations in transportation costs and raw material prices. Additionally, rising consumer expectations for product and service quality require businesses to continuously innovate and enhance competitiveness.

Nevertheless, with the positive growth trends seen from the start of the year, the government’s flexible policy measures, and businesses’ adaptability to market dynamics, the 12 per cent growth target for 2025 is entirely feasible.

To support this goal, MoIT will continue coordinating with ministries, localities, and the business community to implement comprehensive measures that stimulate consumption and support production. Key initiatives include boosting demand through promotional campaigns, enhancing the “Vietnamese people prioritize Vietnamese goods” program, and ensuring stable supply chains, particularly for essential goods. Strengthening supply-demand connectivity and market stability will also be prioritized.

Furthermore, the Ministry will work with local authorities to develop supply-demand balancing strategies, particularly during peak periods, to prevent shortages and price surges. It will also coordinate with other ministries on price management, particularly for essential goods such as fuel, food, and construction materials, to maintain macro-economic stability.

 

-Vũ Khuê

Businesses are advised to collaborate closely with Vietnamese quarantine agencies to standardize inspection and certification procedures.

The Vietnam Trade Office in Sweden has announced that the European Union (EU) is introducing stricter food safety and sustainability regulations to reduce environmental impact and ensure the quality of imported products.

One key requirement is compliance with the EU's Maximum Residue Levels (MRLs) for pesticides. All products to be imported to the EU must be free from chemicals that are banned within the EU. Additionally, most fresh agricultural imports must be accompanied by a phytosanitary certificate, verifying that the products are free from harmful organisms.

The Vietnam Trade Office in Sweden highlighted that some Nordic markets, such as Sweden, Denmark, and Norway, are renowned for their  stringent quality standards for agricultural products. While this presents challenges for Vietnamese exporters, it also offers substantial opportunities to cater to a highly demanding and lucrative market.

Nordic supermarkets often impose their own standards, which are even more rigorous than EU regulations. As a result, Vietnamese exporters must ensure strict compliance with chemical residue limits and address the unique requirements of Nordic importers.

To meet these demands, businesses are advised to collaborate closely with Vietnamese quarantine agencies to standardize inspection and certification procedures. Implementing measures to eliminate the risk of harmful organisms is also critical. Moreover, exporters should be prepared for a high frequency of inspections in this market.

-Vũ Khuê

The price reaching over VND100 million ($3,889) per tael.

The selling price of gold ring in the domestic market skyrocketed to a new historic peak at over VND100 million ($3,889) per tael on March 19 as global bullion values surpassed the $3,000-per-ounce level for the first time ever.

The price increased by VND1.6 million ($62.2) per tael compared to the previous day.

One tael equals 37.5 grams, or 1.2 ounces.

Meanwhile, the SJC-branded gold bars were sold at VND99.4 million ($3,866) per tael, jumping by VND1.2 million ($46.6) per tael against the previous day.

In the global market, the gold prices rose by 0.14% compared to the previous day, hitting $3,035.9 per ounce.  

At this level, gold prices in Vietnam are around VND4.33 million ($168) a tael higher than global price.

The global gold prices surged nearly 16% since the early year and the ANZ bank forecasted that the gold price is likely to increase to a new record high of $3,100 per ounce in the next three months and $3,200 per ounce in the next six months.

 

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The province has requested the inclusion of the project in the national list of public investment projects for the 2026-2030 period.

The People's Committee of the central province of Quang Binh  has  submitted a proposal to the Ministry of Construction, advocating for the upgrade and expansion of two key sections of the Ho Chi Minh Highway that traverse the province.

As part of the proposal, the province has requested the inclusion of the project in the national list of public investment projects for the 2026-2030 period.

The Provincial People's Committee highlighted the pressing need for this project, citing the rapidly increasing traffic volume along these road sections. This surge has accelerated infrastructure wear and tear, making the upgrade essential to ensure traffic safety and accommodate the growing transportation demand.

The proposed project is estimated to require an investment capital of approximately VND 2,900 billion ($113.5 million). 

-Gia Huy

The country’s foreign trade reached an all-time high of $786.29 billion in 2024, up 15.4% year-on-year.

Vietnam is forecast to rank among the world’s 30 fastest-growing economies in both trade-growth speed and absolute volume increase by 2030, according to a forecast by German logistics provider DHL, the Vietnam News Agency quoted the Business Times as reporting.

The Business Times cited the DHL’s latest report as saying that Southeast Asian countries are set for accelerated trade growth over the next five years, with Vietnam, Indonesia and the Philippines expected to rank among the world’s 30 fastest-growing economies in both trade-growth speed and absolute volume increase by 2030.

Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.

The country’s foreign trade reached an all-time high of $786.29 billion in 2024, up 15.4% year-on-year.

 

 

-Vân Nguyễn

At an event on March 18, representatives of Nordic nations shared their expertise in leveraging digital transformation for public governance to better serve businesses and citizens.

The Ho Chi Minh National Academy of Politics, in collaboration with the embassies of four Nordic countries — Sweden, Denmark, Finland, and Norway — held the 8th annual Nordic International Scientific Conference in Hanoi on March 18.

This year’s event focused on “Advancing Leadership in Public Administration: Innovation, Digitalisation, and Effective Governance – Nordic Experiences and Policy Implications for Vietnam”.

At the conference,  representatives from the Nordic nations shared their expertise in leveraging digital transformation for public governance to better serve businesses and citizens while fostering rapid, sustainable economic and social development.

Prime examples of public governance in the digital age

As Vietnam aspires to achieve high-income status by 2045, administrative reform, innovation, and digital transformation in public governance are seen as essential pillars for progress.

Associate Professor Duong Trung Y, Vice president of the Ho Chi Minh National Academy of Politics, highlighted experiences from Nordic countries, which are global pioneers in transparency, efficiency, and sustainability in public governance.

“Nordic nations' leadership and governance models, which emphasize innovation, digital transformation, and efficiency for sustainable societal development, offer valuable lessons for Vietnam. This is especially relevant as Vietnam implements Resolution 57-NQ/TW of the Politburo to drive breakthrough national development in this new era,” he stated.

Nordic countries have long been recognized for highly adaptive and effective public governance models that foster strong societal trust.

For example, Finland has gained global recognition for its decentralized governance approach, which encourages innovation and prioritizes citizen-centric services. This model has streamlined interactions between the government and the public.

“By prioritizing decentralization and fostering a culture of innovation, Finland has built a flexible and efficient public administration system that delivers tangible benefits to its citizens,” said H.E. Keijo Norvanto, Finland’s Ambassador to Vietnam.

Similarly, Denmark has led the global digital governance landscape for over 25 years, pioneering initiatives such as automated tax declarations and digitized administrative processes. Denmark has completely eliminated paper-based communication between the government and citizens.

“In a rapidly changing world, effective governance must be built on adaptability, innovation, and trust,” emphasized H.E. Nicolai Prytz, Denmark’s Ambassador to Vietnam.

As for Vietnam, according to Mr. Do Tien Thinh, Deputy Director of the National Innovation Center (NIC), several technologies have already been applied in Vietnam’s public administration. An increasing number of officials and civil servants are also integrating artificial intelligence (AI) tools into their daily work, demonstrating the strong momentum of digital transformation in the public sector.

Accordingly, Mr. Thinh stated that thanks to the government’s effort  in digital transformation, many services for Vietnamese citizens and businesses, especially its private economic sector, can now be conducted electronically and without delay.

He stressed that the implementation of public services in the digital environment has helped the government save millions of paper-based documents, significantly reducing resource waste, budget expenditures, and labor efforts.

A model to improve governance efficiency 

Beyond digital transformation, experts stressed that Vietnam must adopt a suitable governance model to optimize public service efficiency and minimize resource wastage.

Associate professor Le Van Chien noted that Vietnam’s administrative system currently consists of 63 centrally-run cities and provinces, over 700 districts, and 10,035 communes, undergoing adjustments every 20 years. Historically, Vietnam’s governance was highly centralized, with most decisions controlled by the central government. However, decentralization has gradually increased since the Doi Moi period.

“The current administrative structure remains cumbersome and does not effectively support economic growth. Streamlining governance will be crucial for Vietnam’s goal of becoming a developed country by 2045”, Associate professor Chien stated.

Swedish Ambassador in Vietnam Johan Ndisi at the event. Source: Embassy of Denmark in Vietnam.

While Vietnam is committed to a comprehensive government restructuring, he noted that clear implementation steps have yet to be outlined as the country is following a ‘build-as-you-go’ approach.

Amid Vietnam’s ongoing administrative reforms, Nordic representatives shared the advantages of decentralized governance models combined with digital transformation.

According to Mr. Anders Windinge, Chief Consultant for KL Local Government Denmark, the country has enshrined decentralization of the government in its constitution since 1849. Over 150 years, this model has undergone multiple reforms while maintaining high effectiveness.

“Decentralization brings the government closer to the people. Citizens have a single local contact point for government services, ensuring that no one is left behind. Policy implementation also improves when decisions are made at the local level” Mr. Windinge emphasized.

Under this system, policy execution is delegated to local governments, making them responsible for effective implementation while granting them the political authority to develop localized solutions. Moreover, each function transferred from the central to local levels comes with a corresponding budget, ensuring sufficient resources for efficient operations.

“Statistics show that Denmark has the world’s highest degree of government decentralization, and based on our experience, this has proven to be the right approach”, Mr. Windinge affirmed.

Sweden, another Nordic leader in governance, has developed a highly inclusive and innovation-driven public administration system that integrates digital transformation and cross-sector collaboration.

“Effective governance must be inclusive, innovative, and citizen-centric. In today’s era, decentralization must go hand-in-hand with digital transformation to maximize efficiency,” said H.E. Johan Ndisi, Sweden’s Ambassador to Vietnam. Sweden has already automated 99.7 per cent of its public administration processes.

"Governance is most effective when it is inclusive, innovative, and citizen-focused", explained the Ambassador Johan Ndisi.

"Our decentralized model, coupled with a commitment to digital transformation, gender equality, and work-life balance, illustrates how leadership grounded in collaboration and adaptability can drive profound change. Sharing these lessons empowers us all in our collective efforts to enhance public administration on a global scale," he added.

Though highlighting the country’s achievement in digitalization of its public sector, Mr. Windinge also noted that this 25-year journey was not without challenges, particularly in catering to both elderly and younger demographics.

“In digital transformation, cybersecurity is crucial, as is simplifying bureaucratic processes. By 2025, Denmark will be almost fully digitalized, with a strong focus on secure digitalization and legal frameworks to support this evolution,” he stated.

Denmark's and other Nordic countries's experience underscores that digital transformation and decentralization not only enhance public service efficiency but also strengthen institutional trust and citizen engagement. Digital tools facilitate better data sharing, informed decision-making, and effective solutions to societal challenges, ensuring long-term sustainable development.

-Việt An

The northern province currently hosts 11 FDI projects from US investors, with a total disbursed investment capital of $270 million.

Recently, Hai Duong Provincial Party Secretary Tran Duc Thang hosted a meeting with US Ambassador to Vietnam Marc E. Knapper, during the latter's recent working trip in the northern province, which currently hosts 11 FDI projects from US investors, with a total disbursed investment capital of $270 million.

These enterprises have successfully implemented their business strategies and plans while demonstrating a high level of responsibility in complying with legal regulations and engaging in community activities, Mr. Thang remarked, adding that Ford Vietnam is a one of the standout US enterprises in the province.

Mr. Thang also noted that the province has a favorable geographical location. In recent years, the provincial government has actively promoted administrative reforms, creating favorable conditions and providing timely support to resolve difficulties and obstacles for the business community in general and FDI enterprises in particular,  including US companies, thus ensuring their sustainable development.

Hai Duong province possesses many the necessary conditions for investment, including clean land, well-connected transportation infrastructure, a skilled workforce, stable electricity and water supplies, and ensured social security and order. The province always welcomes investors, especially US businesses, to explore investment opportunities, particularly in high-tech industries, Mr. Thang said.

Ambassador Marc E. Knapper affirmed his commitment to further deepening Vietnam and US relations and continuing to pay attention to Hai Duong province both now and in the future.

The US Ambassador also stated that he would continue encouraging U.S. businesses to explore investment opportunities in the province. He noted that US enterprises are particularly interested in localities with strong investment ecosystems, including supportive investment policies, an abundant and skilled labor force, and well-developed infrastructure connectivity.

-Gia Huy

A group of expat founders in Vietnam proposed sustainable solutions for the FB and hospitality sectors.

At a recent event designed to showcase innovative approaches to sustainability in the hospitality and FB sectors called Green Transition Gathering - Sustainable Solutions Hospitality Industry Vietnam, and organised in Ho Chi Minh City by Green Transition: Hub in collaboration with VOX MUSIC AGENCY Vietnam, experts and industry leaders sought ways to explore sustainable practices aimed at driving success in the country's FB and hospitality sectors.

Discussions at the event therefore focused on innovative solutions such as sustainable event management, water conservation, energy efficiency, and responsible food sourcing, with a standout idea being the transformation of plastic waste into high-end furniture, showcasing how sustainability can be both impactful and locally applicable in these industries.

The event was also endorsed by AmCham Vietnam HCMC Danang, the Canadian Chamber of Commerce Vietnam, CCI France Vietnam - CCIFV, the ESG Task Force (CCIFV), Chamber of Commerce and Industry Portugal-Vietnam (CCIPV), and Central and Eastern European Chamber of Commerce in Vietnam (CEEC).

BRIDGING THE GAP: FROM THEORY TO PRACTICE

At the event, experts "redefined" sustainability, emphasizing that it is not just a theoretical or measurable concept but a principle embedded in every aspect of daily life. They also highlighted that, with a right strategy, sustainability can bring significant business benefits.

Mr. Nuno Ribeiro, an academic from RMIT University, referred to  challenges to implementing sustainability, particularly within the FB sector. While the concept may seem straightforward in theory, he stressed that achieving sustainability is often more complex than expected, requiring ongoing adjustments and innovation.

Mr. Bao Nguyen, a representative from Green Transition, emphasized that sustainability is not only a moral responsibility but also a cost-effective strategy that can improve service quality. He introduced a concept of "quick wins," where small, impactful changes can drive sustainability. These science-based solutions are measurable and actionable, allowing businesses to effectively track their progress and results, according to Mr. Bao Nguyen.

Project founders shared practical case studies on how to implement sustainable practices, bridging the gap between theory and real-world application.

Arturo Martinez, the founder of PAPS, presented their initiative of transforming plastic waste into high-end furniture, which he described as a circular economy model. He explained how PAPS collects plastic waste and ensures its products meet safety and regulatory standards by working with certified suppliers and using eco-friendly processes, such as converting plastic into pellets with minimal carbon emissions.

Mr. Frank Podage, Water Solution Southeast Asia (WSS), discussed his company's innovative wastewater management project at Mango Bay, Phu Quoc. WSS introduced a nature-based solution—constructed wetlands—tailored for urban hospitality settings, especially in regions with limited trained staff or energy resources. Although the system demands significant space, it offers an effective, low-maintenance solution for sustainable wastewater management.

In terms of waste management, a representative from Korai Beer project shared how they use ocean-bound and landfill waste to create new products. He also emphasized the importance of utilizing energy-efficient processes and minimizing carbon footprints during production.

CHALLENGES AND SOLUTIONS IN VIETNAM

The founders also addressed challenges in sustainably producing goods in Vietnam.

First, there are financial constraints and a lack of funding. For example, the higher costs of sustainable animal feed present a significant barrier. To overcome this, Antoine (Korai Beer project) and Youssef (Cure Pickle) emphasized local sourcing as a way to reduce environmental impact and cut costs, while also strengthening Vietnam's FB ecosystem.

Second, there is the challenge of shifting mindsets, particularly when it comes to converting waste into useful products. Arturo stressed the importance of designing products that are not only environmentally friendly but also appealing to consumers.

Third, local awareness remains a key issue. One solution discussed was economies of scale. The project founders are working to include more farmers in their programs, gradually helping them transition to more sustainable practices. However, this shift takes time. Farmers need to move away from industrial-oriented methods and adopt more natural processes, which can be supported through the right technology. The benefits for farmers include higher-value products that can be sold at a premium.

Education plays a key role in driving these changes. By demonstrating the potential benefits of sustainability, such as improved product quality and profitability, businesses can help local farmers and communities adopt new practices.

Despite these challenges, sustainable practices offer tangible benefits for businesses, the environment, and local communities. The success of these projects marks an important step toward a more sustainable future for Vietnam's FB and hospitality sectors.

-Như Quỳnh