Vietnam News
Solid ground for Vietnam’s ICT market
Vietnam’s information and communications technology (ICT) industry has been enjoying a period of remarkable growth and transformation in recent times, making impressive strides forward on the back of strong government support, rapid digitalization, and the dynamic participation of both domestic and international enterprises. This development not only contributes significantly to the country’s economic growth but also enhances its global competitiveness.
According to the Ministry of Information and Communications, Vietnam’s ICT industry is estimated to have generated total revenue of $165.9 billion in 2024, up 13.2 per cent against 2023, and is expected to come in at around $169.3 billion this year, reflecting its robust growth momentum and rising contribution to Vietnam’s digital economy.
Steady breakthroughs
From its early focus on providing basic telecommunications and software services, Vietnam’s ICT industry has undergone a remarkable transformation, expanding into higher value added areas such as hardware manufacturing, digital platform development, AI, cloud computing, and comprehensive digital transformation solutions for businesses. This strategic shift has not only strengthened the country’s technological capabilities but also fostered a dynamic digital ecosystem that promotes innovation, enhances competitiveness, and lays the foundation for Vietnam to integrate more deeply into global value chains in the era of the digital economy.
Moreover, figures from Mordor Intelligence show that Vietnam’s ICT market size is valued at $9.12 billion in 2025. Looking ahead, the market is projected to hit $14.68 billion by 2030, for a compound annual growth rate (CAGR) of 9.92 per cent during the 2025-2030 period. In addition, the country is currently home to more than 27,600 ICT enterprises, including approximately 4,500 hardware companies employing over 900,000 people, 12,500 software firms with 224,000 employees, and 9,700 IT service providers employing about 84,000 workers. This not only demonstrates the impressive scale of Vietnam’s ICT ecosystem but also highlights the industry’s crucial role in driving innovation, job creation, and the country’s ongoing digital transformation.
The growing trend of large-scale investments by global tech corporations around Vietnam, the establishment of research and development (RD) centers, and the implementation of the national digital transformation strategy are also creating new momentum for the industry. “In particular, with growing investment in emerging technologies such as AI, big data, blockchain, and green technology, along with business support policies on breakthroughs in science, technology, innovation, and digital transformation, Vietnam’s ICT industry has a strong foundation to continue its growth,” said Mr. An Ngoc Thao, Vice President of the Vietnam Software and IT Services Association (VINASA).
Vietnam currently has some 79.8 million internet users, for a penetration rate of 78.8 per cent of the population, indicating substantial space for further growth compared to more advanced countries such as South Korea, which boasts a 97.4 per cent rate, according to DataReportal. In addition, the adoption of digital technologies by Vietnamese enterprises has been expanding rapidly, with as many as 74 per cent of businesses having developed their own digitalization strategies; higher than the Asia-Pacific average of 63 per cent and contributing significantly to the continued growth and dynamism of its ICT industry.
Furthermore, the expansion of e-commerce, the rise of digital payments, the growing popularity of remote work, and the increasing prevalence of cybersecurity threats have all become key factors driving the growth of ICT. Meanwhile, the rapid pace of digital transformation, the continued dominance of the hardware segment, and the large-scale rollout of 5G networks are expected to further accelerate the development of the Vietnamese ICT market, paving the way for a new phase of breakthrough growth in the years ahead.
Growing influence
Vietnamese enterprises are increasingly affirming their position on the regional and global technology map. Through their capacity for innovation, flexible adaptability, and strategic vision, many domestic companies have moved beyond providing basic services to gradually mastering high-tech fields, contributing to enhancing the reputation and brand of Vietnam’s ICT industry.
The sustainable growth of enterprises in the industry has also been built on a foundation of possessing and applying advanced technologies as well as developing a high-quality workforce of ICT experts and engineers. Among industry players, prominent names such as FPT Software, TMA Solutions, CMC Technology, and VNG have demonstrated remarkable growth and international competitiveness.
For example, FPT Software has become a strategic partner of several leading global tech corporations such as Microsoft, Oracle, and SAP. Beyond that, the company has expanded its operations across numerous international markets, from Japan and the US to Southeast Asian countries, clearly reflecting the global ambitions and outstanding competitiveness of Vietnamese enterprises.
Meanwhile, Vietnamese ICT companies are also undergoing a strong transition from software outsourcing to developing high-tech products and solutions in areas such as AI, big data, and blockchain. These strategic directions not only enhance the added value of the economy but also position Vietnam as a reputable global hub for IT services.
Accompanying this progress is strong support from the government. Vietnam has introduced a number of specific policies and strategic orientations to promote ICT as a new driver of economic growth. “Among them, Politburo Resolution No. 57 on breakthroughs in science, technology, innovation, and national digital transformation offers new opportunities through several tax and credit incentives for enterprises investing in innovation; provides a mechanism for exemption of liability in new technology testing, and facilitates business access to international markets through specialized trade promotion programs,” Mr. Thao emphasized.
Thanks to this open and dynamic policy environment, Vietnam has become an increasingly-attractive destination for global tech corporations seeking to expand their presence in Southeast Asia, with giants such as Google, Facebook, and Amazon actively exploring partnership and investment opportunities in Vietnam. In particular, the recent collaboration between Vietnam and NVIDIA is expected to usher in a new phase of technological advancement, fostering more in-depth and high-quality development of the country’s technology sector. In parallel, the government continues to promote investment in digital infrastructure, encourage comprehensive digital transformation, and create favorable conditions for ICT companies both domestically and internationally.
However, Vietnam’s ICT industry still faces certain challenges. One of the most significant is the shortage of high-quality human resources in cutting-edge fields such as AI, big data, and blockchain, which require deep expertise and continuous innovation. According to Professor Nguyen Thanh Thuy, President of the Vietnam Association for Information Processing (VAIP), AI is gradually transforming all aspects of life, compelling the ICT industry to undergo profound innovation not only to keep pace with global trends but also to play a leading role in the sustainable application of AI. “Therefore, the training of human resources in the ICT field must be reoriented to serve the development of AI effectively and responsibly, contributing to building a humane and sustainable society,” he added.
In order to ensure that Vietnam’s ICT industry leaves an even stronger mark on the global technology landscape, experts also suggest that a comprehensive and coordinated set of measures be implemented, from government policies to corporate initiatives. Greater investment in RD should be prioritized through preferential policies that encourage tech enterprises to innovate and develop new products and technologies. Simultaneously, human resources training must be strengthened, particularly through programs focused on AI, machine learning, big data, and blockchain, to cultivate a generation of highly-skilled engineers meeting international standards.
Furthermore, accelerating digital transformation and the adoption of advanced technologies across sectors such as agriculture, healthcare, education, and manufacturing will help enhance the economy’s overall value creation. Investment should also be directed toward developing modern ICT infrastructure, especially internet and telecommunications systems, data centers, and cloud computing. In tandem, it is essential to build a vibrant startup and innovation ecosystem, reinforce cybersecurity, develop “Made in Vietnam” security solutions, and promote the application of emerging technologies.
VET-Phuong Nhi
Ha Tinh approves a 100,000-ton international port project
The People's Committee of Ha Tinh province in central Vietnam has approved the investment policy for the Son Duong International Port project, with Vinhomes Ha Tinh Industrial Park Investment JSC selected as its investor.
With a total investment estimated at over VND8.8 trillion ($333.6 million), the project will be developed in Vung Ang Ward, covering a land area of about 123.5 ha.
According to the approved decision, the project will involve the construction of three wharves with a total length of 1,050 meters, capable of accommodating general cargo and container ships with a capacity of up to 100,000 tons.
Upon completion, the project will provide services for loading, transporting, and storing general cargo and containers to meet the needs of Ha Tinh Province and neighboring areas. The project is set to operate for 70 years from the date of land allocation, according to regulations.
With its favorable location and robustly invested transportation infrastructure, the project is expected to create new growth momentum, contributing to the socio-economic development of Ha Tinh and the central region.
The investor plans to complete all construction items and put the port into operation by the second quarter of 2028. To ensure the progress and quality of implementation, the People's Committee of Ha Tinh Province has tasked the provincial Department of Finance with guiding the investor in completing the necessary documentation, as well as monitoring, inspecting, and promptly resolving any issues that arise during the implementation process.
The investor is responsible for the legal validity and honesty of all submitted documents for appraisal, and will implement the project according to the committed objectives, content, and schedule.
Compliance with regulations on land, environment, construction, planning, labor, investment registration, and related legal provisions is required to be strictly adhered to.
The investor must also closely coordinate with functional agencies throughout the implementation process to ensure the project operates in the right direction and effectively.
vneconomy-Nguyễn Thuấn
Party leader hosts receptions for top South Korean, Czech legislators
Party General Secretary To Lam hosted separate receptions for Speaker of the South Korean National Assembly Woo Won Shik and President of the Senate of the Czech Republic’s Parliament Milos Vystrcil in Hanoi on November 21, according to a report from the Government News.
At the meeting with the top South Korean legislator, the General Secretary welcomed the fruitful talks between Chairman of the Vietnamese National Assembly Tran Thanh Man and Speaker Woo, expressing the wish that the two legislative bodies would continue to enhance their role in promoting economic cooperation and carry out diverse exchange and joint activities, helping strengthen political trust and ties between their lawmakers.
He suggested that the two countries continue expanding collaboration and maintaining regular delegation exchanges between their Parties, States, Governments, and Parliaments, thus enabling further cooperation across all fields.
The host called on South Korea to continue to support capacity-building for Vietnamese enterprises so that they can participate more deeply in the global supply chains of South Korean companies, helping both sides realize the trade target of $150 billion by 2030 in a balanced and sustainable manner.
He also called on the two countries to turn cooperation in science–technology, innovation, and digital transformation into a new pillar of their relationship.
To emphasized the need to strengthen cooperation in human resources training and strategic technology development and promote collaboration in building core infrastructure such as artificial intelligence (AI), next-generation networks and data centers.
He urged South Korea to continue simplifying visa procedures for Vietnamese citizens and work towards visa exemptions.
Mr. Woo, for his part, suggested that both sides continue close cooperation to foster substantive defense cooperation and strengthen joint efforts in combating transnational crime, particularly cybercrime, in the region.
The guest recommended Vietnam continue to create favorable conditions for South Korean enterprises to participate in Vietnam's priority projects, thereby contributing to the country's socio-economic development.
South Korea will support Vietnam in successfully hosting the 2027 APEC Economic Leaders' Week, reiterated the South Korean top legislator.
General Secretary To Lam (R) hosts a reception for President of the Senate of the Czech Republic’s Parliament Milos Vystrcil, Hanoi, November 21, 2025 - (Photo: VNA)During his meeting with the top Czech legislator, General Secretary To Lam urged both sides to step up trade promotion activities to raise bilateral trade to $5 billion in the years to come.
The top leader also emphasized the need for the two nations to make use of each other's markets as gateways to Europe and Southeast Asia, thereby enhancing strategic autonomy, diversifying markets and supply sources, and deepening participation in global supply and value chains.
Lauding the talks between the two top legislators of Vietnam and the Czech Republic, the Party leader expressed his hope that the two legislatures will continue close coordination to create a legal corridor and favorable conditions for promoting bilateral cooperation, in line with the common interests of both nations.
He recommended the two sides step up the exchange of delegations at all levels and via Party, State, Government, parliamentary, locality-to-locality and people-to-people channels.
The host underlined the need to enhance coordination and mutual support at international organizations and multilateral forums and foster cooperation in economy, trade, investment, defense-security, science-technology, education-training, culture and tourism.
He also highlighted the importance of expanding cooperation in new areas such as clean energy, renewable energy and digital transformation.
For his part, Mr. Vystrcil affirmed that the Czech Senate stands ready to encourage remaining EU member states to soon ratify the EU–Viet Nam Investment Protection Agreement (EVIPA).
He voiced the support for resolving disputes by peaceful means in accordance with international law, for peace, stability and development in both regions and the world and expressed his support for Vietnam’s stance on the East Sea issue.
Both sides vowed to accelerate the formulation and implementation of an action plan to realize the substance of the Vietnam-Czech Republic Strategic Partnership, meeting the aspirations and interests of both nations.
VGP-Khanh Van
Vietnam calls on G20 to take the lead in building mutual respect, peaceful world
Vietnamese Prime Minister Pham Minh Chinh attended G20 Summit in Johannesburg, South Africa, on November 22 (local time), at the invitation of the host, South African President Cyril Ramaphosa.
Addressing the summit, the Prime Minister called on the group to take the lead in building an international cooperation mechanism that champions mutual respect, to seek solutions to conflicts and to create the most favorable conditions for development.
The Vietnamese PM was quoted by the Government News as saying that G20 countries also need to coordinate policies to prevent systematic risks and cope with crises; reduce trade barriers and fragmentation of supply chains while promoting initiatives to ensure global stability.
He also called on G20 to work together to ensure a global rule-based multilateral trading system with the World Trade Organization at its core and a balanced, transparent and open financial system.
The Vietnamese PM called for equal access to science and technology and finance for development. He suggested G20 countries enhance cooperation to ensure that science and trade are not politicized; assist developing countries to formulate trade policies, develop effective financial systems for rapid and sustainable development.
PM Chinh urged G20 countries to push for comprehensive reform of the World Trade Organization to make it more dynamic and effective.
On global governance, he called on the G20 countries to collaborate with multilateral institutions to enhance dialogue, build a global governance framework that can ensure balanced economic interests among economies.
He affirmed that Vietnam stands ready to cooperate with countries and the international community to build a world of peace, prosperity, sustainable and inclusive development, to leave no one behind.
VGP-Khanh Chi
Vietnam-South Africa Business Forum held in Johannesburg
The Vietnam-South Africa Business Forum was held in Johannesburg on November 21 as part of Vietnamese Prime Minister Pham Minh Chinh’s trip to South Africa to attend G20 Summit and conduct bilateral engagements in South Africa, at the invitation of South African President Cyril Ramaphosa.
Addressing the forum, Prime Minister Pham Minh Chinh called on South African businesses to invest in Vietnam in such sectors as innovation, green economy, and digital economy.
The Vietnamese Prime Minister was quoted by the Government News as saying that the two sides should strengthen collaboration in areas of energy and minerals, including renewable energy, infrastructure, construction, and logistics, high-tech agriculture and food processing, digital economy, telecommunications, and services, as well as education, training, and technology transfer.
Remarkably, the Prime Minister called on Vietnamese enterprises to invest in agricultural production in South Africa, especially rice and other farm products while the Vietnam National Industry-Energy Group and the Vietnam Electricity can invest in South Africa in the fields of energy, oil and gas, and renewable energy.
Prime Minister Chinh urged the two countries to upgrade the Intergovernmental Committee coordinated by the two countries' Foreign Ministers, while also promoting the signing of new agreements to facilitate trade and investment cooperation, and establishing new working groups between both sides' enterprises.
Speaking at the event, South African Vice President Paul Shipokosa Mashatile said that South Africa encourages Vietnamese enterprises to seek investment opportunities in its special economic zones and calls on South African businesses to invest in Vietnam's industrial clusters and technology zones.
South Africa supports cooperation between the two countries' Chambers of Commerce and Industry, the Vice President noted.
As this year's G20 host, South Africa emphasized that cooperation among emerging countries and the business community is the driving force of this process, adding that the two Governments stand ready to support their business communities and elevate bilateral trade and investment relations for sustainable prosperity, he added.
South Africa is Vietnam's largest trading partner and export market in Africa. Bilateral trade in 2024 reached $1.72 billion, of which Vietnam's export value amounted to about $773 million.
VGP-Khanh Van
Prime Minister Pham Minh Chinh meets with ANC Secretary-General
Prime Minister Pham Minh Chinh met with Secretary-General of the African National Congress (ANC) Fikile Mbalula in Johannesburg (South Africa) on November 21 afternoon (local time).
The meeting took place as part or the former's trip to attend the G20 Summit and conduct bilateral engagements in South Africa, at the invitation of South African President Cyril Ramaphosa.
Prime Minister Pham Minh Chinh conveyed greetings and solidarity from Party General Secretary To Lam and the leadership of the Communist Party of Vietnam to the ANC's Chairman, Secretary-General, and all its members.
The Vietnamese Prime Minister expressed his pleasure at returning to the beautiful country of South Africa and shared fond memories of leading a delegation from the Communist Party of Vietnam on a working visit to South Africa in July 2019 at the invitation of the ANC. He highly appreciated the ANC's historical role in leading democratic and patriotic forces to eliminate all forms of racial discrimination and oppression, building a democratic and unified South Africa.
He noted that the Communist Party of Vietnam and the ANC share many similarities in their ideals and goals of fighting against colonialism and racial discrimination.
In a warm and brotherly atmosphere, the Prime Minister recalled the first friendly contacts between the two parties at the Asian-African Solidarity Conference in Bandung, Indonesia, in 1955, considering it a solid foundation for the friendly and cooperative relationship between Vietnam and South Africa.
The Prime Minister said he was pleased to see that the ANC continues to lead the Government of National Unity (GNU) in South Africa, affirming its role in steering the country amid regional and global changes.
The Prime Minister also shared the strong developments in the relationship between the two countries and parties in recent times, with regular exchanges and visits between leaders of both sides. Notably, the high-level phone call between General Secretary To Lam and ANC Chairman and South African President Cyril Ramaphosa in April 2025 set major directions for the relationship, followed by President Ramaphosa's state visit to Vietnam in October 2025.
Prime Minister Pham Minh Chinh emphasized that his participation in the G20 Summit and bilateral activities in South Africa this time is a firm affirmation of the long-standing, traditional, and trustworthy friendship and cooperation between the two parties and countries. He expressed confidence that upgrading the two countries' relationship to a Strategic Partnership is a historic milestone, opening up a new phase in the bilateral relationship's development. He urged the ANC to play its role in promoting the realization of this cooperation framework by South African ministries, sectors, and agencies.
Discussing measures to promote relations between the Communist Party of Vietnam and the ANC in the future, the Prime Minister hoped that the two parties would continue to coordinate well, creating a solid political foundation, contributing to guiding and facilitating cooperation between the two countries. He proposed that the two parties continue to enhance political trust, effectively implement the Memorandum of Understanding on cooperation signed in May 2025, increase exchanges and visits at all levels, especially high-level, and enhance the exchange of leadership experiences, party building, and addressing economic and social issues. He also called for increased economic, trade, and investment cooperation in a practical and effective manner, leveraging resources and strengths to complement each other for development.
The Prime Minister expressed his desire for further coordination between the Communist Party of Vietnam and the ANC, thus facilitating cooperation between the two countries. He also that both sides actively coordinate and support each other more and more at international multilateral mechanisms, contributing to maintaining peace, security, and stability in the world, and promoting international cooperation to address common challenges and protect the legitimate interests of developing countries.
ANC Secretary-General Fikile Mbalula congratulated and highly appreciated Vietnam's impressive socio-economic development achievements in recent years under the leadership of the Communist Party of Vietnam, particularly its sustainable growth, effective poverty reduction, and strong international integration. He emphasized that Vietnam is a model for developing countries to learn from and agreed with measures to promote bilateral relations, including enhancing economic cooperation, cultural exchange, and mutual support on multilateral forums.
Secretary-General Fikile Mbalula expressed his delight and warmly welcomed the official establishment of the Strategic Partnership between the two countries. He affirmed that the ANC would continue to closely coordinate with the Communist Party of Vietnam to promote the implementation of the new partnership framework, contributing to regional peace and development. He noted that alongside maintaining and promoting good political relations, the two parties should lead efforts to promote substantive relations in all fields, especially the economy.
The ANC is committed to working with the Communist Party of Vietnam to continue building bridges of solidarity, with long-term trust, overcoming challenges together for the strength of both parties, the prosperity of both countries, and the happiness of their peoples, Secretary-General Fikile Mbalula said.
Vneconomy-Viet An
Da Nang's strategy on digitalization, innovation, and science and technology development on debate
At a recent workshop on consulting projects for development strategy for the 2026-2030 period, hosted by the People's Committee of Da Nang City in central Vietnam, Mr. Ho Quang Buu, Vice Chairman of the People's Committee emphasized the urgency of restructuring the growth model based on technology and knowledge.
Reflecting on the 2020-2025 development journey, the workshop agreed that Da Nang has built a solid foundation for further development, with real achievements recorded.
As a result, the digital economy contributed about 24 per cent to the city's GRDP in 2024, surpassing the set target two years ahead of schedule. The digital infrastructure has been strongly invested in.
However, Da Nang still faces systemic challenges. According to experts in the workshop, currently, data between departments and sectors is still fragmented, poses significant difficulties for businesses wanting to develop multi-sector integrated applications. The issue of high-quality human resources is also a major concern.
Accordingly, experts proposes the "digital literacy campaign" model. They believe that digital transformation cannot succeed if only the government and businesses run ahead, but the people must be the center, the beneficiaries, and also the driving force.
Moreover, stemming from the harsh realities of the central region, the workshop particularly emphasized prioritizing digital transformation in climate change response.
Experts also suggested that Da Nang should prioritize developing digital transformation and innovation in fields such as agricultural production, exploitation, and processing of aquatic products in the near future.
To solve the development problem, the draft proposal "Da Nang - City of Innovation" has proposed solutions for connecting high-tech zones, concentrated IT zones with logistics centers, seaports (Lien Chieu port, Chu Lai port), airports (Da Nang, Chu Lai), and the emerging Free Trade Zone.
Experts highly appreciate the proposal for a controlled testing mechanism (Sandbox).
Concluding the workshop, Mr. Buu affirmed that the three proposals on Digital Transformation, Innovation, and Science and Technology Development are not separate documents but a solid "three-legged stool" supporting each other to bring Da Nang into a new era.
The roadmap for science and technology development until 2030 in Da Nang will focus on mastering core technologies, developing the semiconductor industry, and artificial intelligence, aiming to become an international Innovation Center and a "livable city" not only in natural environment but also in a civilized, modern digital environment.
Vneconomy-Đào Ngọc Anh
Vietnam to develop blue carbon database and decarbonization roadmap
In an effort to protect and restore blue carbon systems, Vietnam has collaborated with the World Economic Forum to establish the National Blue Carbon Action Partnership (NBCAP Vietnam). This multi-stakeholder platform will coordinate national efforts and connect with the Global Blue Carbon Action Partnership.
NBCAP Vietnam will build a coordination platform to further develop blue carbon systems, contributing to climate change mitigation and adaptation, biodiversity conservation, and livelihood improvement for local communities. Through this platform, Vietnam will establish a national blue carbon database, a roadmap for blue carbon emission reduction, and a financial roadmap involving policymakers, investors, and other stakeholders.
With NBCAP Vietnam, pilot projects will be developed and implemented, mobilizing more financial resources for blue carbon, enhancing blue carbon capacity, and coordinating local blue carbon actions with global initiatives.
Vietnam currently possesses approximately 200,000 ha of mangroves, offering significant blue carbon potential. Initial calculations indicate that blue carbon will contribute about 3 million tons of CO2 to the emission reduction targets in Vietnam's upcoming Nationally Determined Contribution (NDC) by 2035.
This information was recently shared by the Ministry of Agriculture and Environment's Department of Climate Change at the side event of the COP 30 Conference titled “Harmonizing Policy and Finance for Blue Carbon Solutions.”
Blue carbon ecosystems, including mangroves, seagrasses, and coastal wetlands, play a crucial role in reducing greenhouse gas emissions, conserving biodiversity, and enhancing the resilience of coastal communities against the impacts of climate change.
With a coastline stretching over 3,200 km from North to South, Vietnam currently has about 200,000 ha of mangroves, providing significant blue carbon potential. Beyond their carbon storage capabilities, coastal ecosystems boast rich biodiversity and provide vital protection against storms, reducing property damage and preventing coastal erosion.
Mr. Le Ngoc Tuan, Deputy Director General of the Department of Climate Change, stated that Vietnam has cooperated with international organizations to assess the potential of blue carbon systems. However, to date, these collaborations have only preliminarily calculated the potential of mangroves; further research and inventory regarding salt marshes and seagrasses still need to be conducted.
According to initial calculations, blue carbon is expected to contribute approximately 3 million tons of CO2 to Vietnam’s emission reduction targets under the upcoming NDC by 2035. Consequently, blue carbon projects are increasingly attracting interest from the community and the private sector.
Vneconomy-Đỗ Phong
There is no plan for more merger of administrative units
The Ministry of Home Affairs has recently issued an announcement to deny false information spreading on social media about continuously restructuring administrative units in Vietnam.
In response, the Ministry of Home Affairs emphasized that the country has undergone a significant restructuring of administrative units at various levels since July 1, 2025; and, as a result, there have since then been 34 provinces and cities, and 3,321 communes, wards, and special zones nationwide, which have operated under a two-tier local government model in a stable manner.
The ministry affimed that there is no plan for more merger of administrative units in Vietnam.
vneconomy-Phúc Minh
Vietnam leads ASEAN in consumer optimism: UOB study
Vietnam continues to lead the region in consumer optimism driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS) by the Singapore-based United Overseas Bank (UOB) released on November 20.
Vietnam recorded the highest score on the newly launched UOB ASEAN Consumer Sentiment Index at 67, well above the regional average of 54 and a three-point increase from last year. This reflects sustained confidence among Vietnamese consumers in both the national economy and their personal financial outlook.
The Index is based on six key indicators measuring perceptions of current and future economic conditions and personal financial well-being. On the macroeconomic front, over eight in ten Vietnamese respondents expressed optimism about the country’s broader economic outlook, with the sub-index rising 12 percentage points from 2024. This confidence is supported by Vietnam’s robust macroeconomic performance in the first half of 2025, including a GDP growth of 7.52% year on year, marking the highest first-half growth since 2011.
Vietnamese consumers show strong confidence in the country’s political, economic and social stability. This optimism has persisted despite global uncertainties, including the US tariff announcement on April 2, 2025. Stable commodity prices and sustained foreign direct investment (FDI) inflows have further bolstered sentiment. UOB’s latest economic forecast, released last month, revised Vietnam’s full-year GDP growth to 7.7%, up from 7.5 %, following a strong third-quarter performance of 8.23 %.
The ACSS 2025 surveyed 5,000 respondents aged 18 to 65 across five ASEAN countries namely Indonesia, Malaysia, Singapore, Thailand and Vietnam between May and June 2025, in collaboration with Boston Consulting Group.
VnEconomy-Minh Huy
For sustainable urban development
Vietnam’s urban areas have increasingly demonstrated their role of late as a driving force and locomotive for the socio-economic development of regions and the country as a whole. At the Vietnam Urban Sustainability Summit 2025, held by the Ministry of Construction (MoC) in coordination with the Central Commission for Policy and Strategy on November 5 in Hanoi, Mr. Nguyen Duy Hung, Vice Chairman of the Central Commission, affirmed that sustainable urban development is not only an economic issue but also a political, social, and long-term security task. “Urban areas not only expand living space but must also aim to improve quality of life, protect the environment, and ensure harmony between people and the environment,” he added.
Current status
On January 24, 2022, the Politburo issued Resolution No. 06-NQ/TW on “Planning, construction, management, and sustainable development of Vietnamese urban areas by 2030, with a vision to 2045”. This was the Party’s first specialized resolution on urbanization and urban development, carrying significant meaning and playing an important role in the country’s socio-economic development to 2030 and beyond.
Following implementation, Vietnam’s urban system continues to develop strongly and exhibits many positive signs. Infrastructure is increasingly synchronized, and many cities have begun transforming under smart, green, and inclusive urban models.
Deputy Minister of Construction Nguyen Tuong Van said Vietnam’s urban system is increasingly asserting its role as a driving force for the country’s development, not only contributing to economic growth but also carrying profound political, social, cultural, and environmental significance. “2025 has been of special importance, marking many major events in the country, during which urban development entered a comprehensive innovation phase with the implementation of the two-level local government model - a major policy creating a turning point in urban governance and development in Vietnam,” he added. “It also marks ten years since Vietnam and the international community committed to implementing Goal 11 on sustainable urban development, one of the 17 United Nations Sustainable Development Goals (SDGs).”
However, despite these important achievements, Vietnam’s urban system faces major challenges in sustainable development. According to the World Bank, urban areas contribute more than 70 per cent of GDP in Vietnam and 90 per cent of new non-agricultural jobs, but most are located in areas vulnerable to natural disasters, with average annual damage reaching $3.75 billion.
Mr. Julien Seillan, Country Director of Agence Française de Développement (AFD) in Vietnam, underlined that climate change is a pressing reality for Vietnamese cities. Vietnam is among the countries most severely affected, with extreme weather events becoming increasingly frequent, intense, and damaging.
“Over the past five years, the country has faced a series of major natural disasters, showing that no region in Vietnam is spared from the impact of climate change,” Mr. Seillan said. “This recurrence of extreme phenomena underscores the urgency of shifting from crisis response to prevention, from reacting after each disaster to systematically anticipating and reducing risks through planning and investment decisions.”
Similarly, Mr. Tran Van Giai Phong, Senior Program Officer at the Embassy of Switzerland in Vietnam, said urban areas from the north to the south are constantly facing serious flooding, directly affecting people’s lives and essential infrastructure. “This shows that urban resilience is not only a technical issue but also closely related to community safety and socio-economic sustainability,” he added.
International experience
Within the framework of the Summit, representatives from international organizations made recommendations to Vietnam on sustainable urban development.
Mr. Seillan emphasized that urban development can no longer be separated from resilience. Every road, every piece of infrastructure, every new neighborhood, if properly designed and planned, can become a shield protecting communities from climate risks rather than a weak point during disasters. This is the vision the AFD and the EU seek to promote together with Vietnam: a model of urban development that is green, inclusive, and resilient.
Achieving this, he continued, requires integrating climate adaptation at the very heart of master planning, socio-economic development strategies, and investment programs. Reforms such as the new Law on Urban Planning, Resolution No. 06, and the recent administrative and territorial reorganization represent a crucial opportunity to embed climate risk management and flood simulation as standard requirements in planning practice.
Meanwhile, the EU plays an essential role in turning this vision into reality. Through the WARM Facility, the EU provides grant funding to complement AFD’s investment financing and MoC programs. Beyond WARM, the EU also directly finances grant components alongside the AFD’s sovereign loans under the CRUIV (Climate Resilient Urban Infrastructure) project in four localities. Thanks to these joint efforts, more than 12 localities are receiving technical and financial support to integrate climate adaptation and disaster risk management into urban planning and infrastructure investments, while also building the capacity of local institutions.
“This joint approach shows how international partners can support the government in implementing the new urban law and Resolution No. 06 by providing technical expertise and helping to operationalize the principles of integrated, risk-informed planning at both national and provincial levels,” Mr. Seillan said. “These contributions perfectly illustrate the spirit of Team Europe, acting together for greener, safer, and more resilient Vietnamese cities.”
Ms. Mariam J. Sherman, World Bank Country Director for Vietnam, Cambodia, and the Lao PDR, affirmed that the World Bank is committed to continuing to work closely with the government of Vietnam in key areas such as integrated planning, urban finance, sustainable infrastructure development, and green transformation. “Vietnam has a great opportunity to transform itself into a country with a dynamic, smart, and environmentally-friendly urban system,” she said. “Sustainable urban areas are not just a destination, but a journey that requires long-term vision, strong leadership, and commitment to cross-sectoral coordination. Vietnam has a good foundation, and the World Bank is ready to accompany it on that path.”
In addition, Ms. Sibylle Bachmann, Head of Cooperation at the Embassy of Switzerland in Vietnam, shared five lessons that can help make cities safer, greener, and more resilient.
Firstly, good governance is the foundation of resilience. Cities that are well governed recover faster, plan better, and protect their citizens more effectively. Infrastructure alone is never enough. Resilience depends on clear responsibilities, timely decisions, and consistent budgets for operation and maintenance. When coordination among agencies works, results last; when it does not, even well-built systems can struggle to deliver.
Secondly, planning must be adaptive and people-centered. Floods, storms, and urban pressures are changing faster than the plans made years ago. The most successful cities regularly review and update their plans, not only based on technical studies but also on the lived experience of residents. Local people are often the first to notice when drainage fails, transport breaks down, or new developments block water flows. Listening to these voices early and often helps avoid costly mistakes later.
Thirdly, digital transformation works when it starts with people. Around Vietnam, cities are introducing digital platforms, mapping tools, and data systems to improve management. These are powerful enablers, but technology alone does not guarantee success. “For example, I saw maps that informed me about road closures during the recent floods in Hanoi,” Ms. Bachmann said. “However, they were not complete, and not everyone was aware of their availability. Digital transformation only works when it is guided by clear rules, common standards, and trained people who know how to use the tools for public benefit. It’s also important that data is used collaboratively so it is useful to many. The human factor, including leadership, collaboration, and accountability, is what makes data truly meaningful.”
Fourth, financing resilience means looking beyond construction. Many of today’s achievements come from major infrastructure investments, but the real challenge begins after a project is completed. Maintaining infrastructure, updating management systems, and ensuring that funds are available for repairs and upgrades are what make a city truly resilient. Financing resilience is not just about new projects; it’s about sustaining what already exists. It requires coordination between local budgets, national transfers, and, where possible, private participation.
Finally, human capacity is the strongest form of resilience. Vietnam’s leaders at national and local levels have shown an outstanding commitment to learning and innovation. Switzerland has supported this process by facilitating exchanges and study visits for Vietnamese officials to several partner countries, including Switzerland, to share experiences on urban governance, digitalization, and climate adaptation. “These exchanges have shown that even Switzerland must learn to cope with new realities such as AI, climate change, or declining budgets,” Ms. Bachmann noted. “These exchanges have shaped new policies and driven real-world solutions in areas such as urban resilience and disaster risk reduction. The more we invest in people, the more sustainable every reform and project becomes.”
VET-Ngọc Lan
Vietnam attends 9th CPTPP Commission meeting
Minister of Industry and Trade Nguyen Hong Dien led the Vietnamese delegation to the ninth meeting of the Commission of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and related activities, held in Australia on November 21.
During the two-day meeting, participants deliberated on core issues shaping the future of the CPTPP. These included reviewing clauses for upgrading the agreement, discussing Costa Rica's accession process, considering negotiations with new economies, and evaluating the implementation of the agreement, including challenges and proposals for improving coordination mechanisms.
A notable highlight was Vietnam's presentation of its organizational plan and priority areas for 2026, when the country will take over the CPTPP Chairmanship. Vietnam’s proposal to establish a CPTPP support unit to help address resource constraints received strong backing and unanimous endorsement from member economies.
The session adopted the Joint Statement of the ninth CPTPP Commission and agreed to open accession negotiations with Uruguay. Negotiations with the United Arab Emirates (UAE), the Philippines and Indonesia are set to commence in 2026 when conditions permit.
On the sidelines of the session, Minister Dien held bilateral meetings with ministers and senior officials from New Zealand, Japan, the United Kingdom, and the European Union. These meetings focused on promoting trade and investment, coordinating in upgrading CPTPP negotiations, and exchanging important economic policies of each partner.
VnEconomy-Nguyệt Hà
Forum of Vietnamese entrepreneurs held in Australia
A forum was held in Melbourne, Australia, on November 19, providing updates on economic developments, business opportunities, and policies encouraging Vietnamese entrepreneurs to invest and do business in the homeland.
The forum is not only a place to share information, but also an important step towards establishing a new model of economic-technological-innovative cooperation network between Vietnam and Australia, with the Vietnamese diaspora playing a central role.
Speaking at the forum, Minister of Industry and Trade Nguyen Hong Dien encouraged Vietnamese entrepreneurs in Australia to provide regular input on socio-economic development, science and technology, innovation, green transition, digital transformation, circular economy, and the knowledge economy.
Vietnamese Ambassador to Australia Pham Hung gTam said many Vietnamese corporations are starting to seek investment opportunities in Australia, particularly in renewable energy, high-tech agriculture, logistics, and high-quality services.
In the context of the Comprehensive Strategic Partnership between the two countries, the Vietnamese business community in Australia plays a significant role as a "new impetus" for the two countries' bilateral trade, where Vietnamese enterprises can deeply engage in Australia's strengths such as high-tech agriculture, logistics - seaports, clean energy, and educational technology, according to Mr. Tran Ba Phuc, President of the Vietnamese Business Association in Australia.
VnEconomy-Nguyệt Hà
Vietnam, South Africa upgrade bilateral ties to strategic partnership
Vietnamese Prime Minister Pham Minh Chinh and South African President Cyril Ramaphosa agreed to elevate the bilateral ties to a Strategic Partnership during their meeting in Johannesburg on November 21, within the framework of the former’s working trip to attend the G20 Summit and bilateral activities in South Africa, according to a report from the Vietnam News Agency.
The two leaders agreed to instruct relevant agencies to soon develop an action plan for implementing the newly-established relationship framework, concretising the content of the Joint Statement on the establishment of the Strategic Partnership, with the aim of creating breakthroughs and making Vietnam – South Africa relations a model of cooperation among Global South countries.
The two sides also reaffirmed their commitments to further strengthen economic, trade, and investment cooperation, viewing it as a key focus of bilateral collaboration.
They agreed to promptly negotiate an agreement and establish a working group to promote market access for each other’s goods and products, with the goal of raising bilateral trade turnover to $4–5 billion within the next 2–3 years.
PM Chinh proposed South Africa to soon officially launch negotiations on a free trade agreement (FTA) with the Southern African Customs Union (SACU), thereby creating the best possible conditions for businesses of both countries to expand cooperation and investment, particularly in infrastructure, the green economy, the digital economy, telecommunications, manufacturing, agricultural processing, energy, electric vehicle production, and the Halal industry.
President Ramaphosa affirmed that South Africa always considers Vietnam a close traditional friend and a key partner in Asia.
VNA- Nguyễn Khánh Chi
Three national target programs to be consolidated into one
According to the Government Office's Notice No. 631/TB-VPCP, dated November 19, 2025, the Government has made a decision on a significant policy shift by consolidating three national target programs into one comprehensive initiative for the period 2026–2035.
The consolidation aims to optimize resources and enhance the effectiveness of support for disadvantaged regions, particularly those inhabited by ethnic minorities and mountainous areas.
The integration of the three programs—New Rural Development, Sustainable Poverty Reduction, and Socio-Economic Development in Ethnic Minority and Mountainous Areas—holds immense importance. It aligns with the overarching goal of the Party and the State to create a prosperous nation where citizens enjoy a comfortable and happy life. This unified approach is expected to concentrate efforts and resources more effectively, without diminishing existing policies.
The core focus of this integrated program is to address the poverty-stricken areas predominantly inhabited by ethnic minorities. Previously, poverty reduction efforts were spread across the entire country, but now, the emphasis will be on investing heavily in these regions to help them achieve sustainable poverty alleviation. Additionally, while the new rural development program has been implemented nationwide, the remaining efforts will now concentrate on improving the living standards of ethnic minorities and challenging areas.
By extending the socio-economic development program for ethnic minorities and mountainous regions from 2030 to 2035, the government aims to bolster policies and investments in these areas. It is crucial to identify the most effective agencies to implement these policies swiftly and ensure that the benefits reach the people promptly and substantively.
The consolidation of these programs also addresses overlapping content, as recognized by the Standing Board of the Government. The Ministry of Agriculture and Environment, along with other relevant ministries and agencies, has been proactive in preparing the necessary documentation and proposals for this integrated program.
According to the Notice of the Government Office, the Ministry of Agriculture and Environment, in collaboration with the Ministry of Ethnic Affairs and Religion and the Ministry of Finance, is tasked with finalizing the proposal documents for the consolidated program. This includes ensuring that the content is focused, addressing key issues, and avoiding duplication with other programs.
The proposal must be clear, simple, and feasible, adhering to the objectives and targets approved by the National Assembly. It should also include a provision allowing the government to allocate and adjust program funding within the total budget approved by the National Assembly.
The proposed consolidated program will be approved by the National Assembly.
vneconomy-Dung Hieu
Hanoi set to launch employment portal on Nov. 28
The Hanoi Department of Home Affairs has announced that it will officially launch the Hanoi Employment Portal and hold a specialized job fair focused on the Information Technology sector on November 28Accessible at congvieclam.hanoi.gov.vn, the Hanoi Employment Portal serves as an efficient, smart, and rapid digital connection hub between workers, businesses, and recruiters. The platform creates an online transaction environment that utilizes Artificial Intelligence (AI) to collect, process, and analyze labor market data.19According to Deputy Director of the Hanoi Department of Home Affairs Nguyen Tay Nam, the system is designed to support career counseling, job placement, and labor supply, as well as forecast human resource trends. It aims to enhance the operational efficiency of Job Exchange Centers and increase the rate of successful labor supply-and-demand connections across the city in 2025 and subsequent years.
This initiative represents a direct and proactive solution to improve labor matching efficiency. It provides completely free support to all organizations and individuals, allowing workers to access employment information in a transparent, fair, and convenient manner.
The launch ceremony will take place at the Hanoi Job Exchange Center – Hanoi Employment Service Center (No. 215 Trung Kinh, Yen Hoa Ward, Hanoi). The event will feature a live online connection with 14 satellite job exchange centers located in the communes of Ha Dong, Thien Loc, Vat Lai, Thach That, Viet Hung, Thuong Tin, Phu Xuyen, Dan Phuong, Soc Son, Gia Lam, Tu Liem, Quang Minh, Hoai Duc, and Van Dinh.
VNeconomy-Thu Hằng
Pilot project on reusing industrial wastewater launched
A pilot project on Industrial Wastewater Reuse has been launched at DEEP C Haiphong 2 Industrial Zone by the United Nations Development Programme (UNDP) in Vietnam, in coordination with the Embassy of the Kingdom of the Netherlands and DEEP C Industrial Zones.
This initiative falls under the framework of the "Accelerating Circular Economy for Business" (ACE-Biz) project.
Accordingly, the project applies Nanofiltration technology combined with Reverse Osmosis (RO) with a minimum capacity of 1 m3/hour. It is being implemented using four wastewater treatment technological configurations combined with pre-treatment at the Centralized Wastewater Treatment Plant of DEEP C Haiphong 1 Industrial Zone. The output water is designed to meet standards for reuse purposes, such as cooling systems or washing solar panels within the industrial zone.
The project is expected to serve as a crucial premise for scaling up industrial wastewater reuse to 1,000–1,800 m3/day in the next phase, not only at DEEP C but also at other industrial zones across Vietnam. By providing empirical data and assessing technical and financial feasibility, the project will contribute to building and perfecting the system of standards for wastewater reuse in the country.
Deputy Resident Representative of UNDP Vietnam, Ms. Francesca Nardini, stated that piloting wastewater reuse technology through four technological configurations will help this industrial zone verify technological feasibility and treatment costs based on evidence. This pilot project will facilitate the formation of an industrial symbiosis model—one of the requirements for an eco-industrial park—while enhancing water security, minimizing environmental impact, and improving competitiveness in terms of sustainability.
In the role of a strategic partner for technical support and technology transfer, Ms. Fleur Gribnau, Deputy Head of the Economic Department at the Embassy of the Kingdom of the Netherlands in Vietnam, remarked that “the pilot model for wastewater treatment and reuse clearly demonstrates the power of multi-stakeholder partnerships.”
VNeconomy-
Govt allocates $26.6 mln in emergency aid to 4 flood-hit provinces
Permanent Deputy Prime Minister Nguyen Hoa Binh has signed Decision No. 2549/QĐ-TTg, dated November 21, 2025, approving emergency funding for Khanh Hoa, Lam Dong, Gia Lai, and Dak Lak provinces to address damage caused by heavy rains and flooding.
Accordingly, VND700 billion (approximately $26.65 million) from the 2025 Central budget reserve will be allocated to these four localities to repair flood damage, following the proposal submitted by the Ministry of Finance on November 20.
Specifically, Khanh Hoa and Lam Dong provinces will each receive VND200 billion ($7.6 million), while Gia Lai and Dak Lak provinces will each receive VND150 billion ($5.7 million).
The Deputy Prime Minister instructed the People's Committees of these localities to proactively balance their local budgets. They are required to combine the central government's support with other legal financial resources to implement urgent disaster recovery tasks in accordance with regulations.
The provincial People's Committees are responsible for managing and utilizing the supplementary funds publicly and transparently. They must ensure the funds are used for the intended purposes and beneficiaries, strictly adhering to the Law on State Budget and other relevant legal documents, while preventing any loss, waste, or corruption.
Additionally, the provinces must report the utilization results to the Ministry of Finance, the Ministry of Agriculture and Environment, and other relevant agencies for consolidation and reporting to the Prime Minister. The decision takes effect from the date of signing.
Vneconomy-Đỗ Như
New Government Decree on organization of ministries and ministerial-level agencies issued
Under Government Decree No. 303/2025/ND-CP, that took effect on November 20, the organizational structure of ministries and ministerial-level agencies (hereafter referred to as ministries) will be streamlined to enhance efficiency and effectiveness across multiple sectors.
Accordingly, each ministry operates under clear principles that define the responsibilities, powers, and duties of the ministry, the Minister, and the Head of ministerial-level agency (hereafter referred to as minister). The Minister holds comprehensive accountability for all activities within the ministry.
The Decree also stipulates the criteria for establishment and the maximum number of deputy heads of organizations and units under ministries.
According to regulations, determining the number of deputy levels in an agency or organization under a ministry must ensure the principle that the maximum number of deputy levels in a affiliated organization does not exceed the number of deputy levels of a directly superior organization.
For agencies and organizations at the same level, the maximum number of deputy heads of agencies and organizations without internal organizations shall not exceed the number of deputy heads of agencies and organizations with internal organizations.
In case it is necessary to increase the number of deputy levels compared to the regulations of competent authorities, a report to competent authorities for consideration and decision is required.
The Decree stipulates that the number of deputy heads of departments, offices, inspectors, type 2 departments, public service units under a ministry is arranged to be an average of no more than 3 people per unit.
In case the type 2 department, office, or department is established on the basis of merging or merging from 2 agencies, the number of deputy heads will be increased by 1 person compared to the prescribed number of deputy heads; if the department, office, or department of type 2 is established on the basis of merging or merging from 3 or more agencies, the number of deputy heads will be increased by 2 people compared to the number of deputy heads prescribed.
Departments, offices, inspectors, and type 2 departments that receive functions, tasks, and organizations according to the decision of the competent authority will have the number of deputy directors increased by 1 person compared to the number of deputy directors prescribed.
The number of deputy heads of type 1 departments is arranged to be an average of no more than 4 people per department.
The Decree stipulates the number of deputy heads of divisions under departments, offices, and inspectors:
- The number of deputy heads of divisions under the department is arranged no more than 3 people.
- Divisions under inspection and offices under ministries have 7 to 9 civil servant positions assigned to 1 deputy level; 10 to 15 civil servant positions are assigned to no more than 2 deputy levels; 16 or more civil servant positions are assigned to no more than 3 deputy levels.
The number of deputy heads of divisions under type 1 departments is arranged to be an average of no more than 3 people per unit.
Devisions under type 2 departments under ministries have 7 to 9 civil servant positions arranged at 1 deputy level; 10 to 15 civil servant positions are arranged at no more than 2 deputy levels; 16 or more civil servant positions are arranged at no more than 3 deputy levels.
The number of deputy heads of divisions under type 1 departments is arranged by an average of no more than 3 people per department; in case the division receives the function, tasks, organization or is newly established on the basis of reorganization, the number of deputy heads is arranged by an average of no more than 4 people per department.
Number of deputy heads of divisions under type 2 departments:
- A division with 1 to 3 rooms is arranged for 1 person; with 4 or more rooms, no more than 2 people are arranged.
- Branches without rooms can be arranged with no more than 2 people.
These organizational regulations do not apply to the Ministry of National Defense and the Ministry of Public Security.
vneconomy-Đỗ Như
Human resources for agriculture is a strategic and urgent issue
Lawmakers on November 20 discussed the draft amendments to several educational laws and a resolution on special mechanisms and policies to implement the Politburo's Resolution No. 71-NQ/TW on breakthroughs in human resource development, education, and training as part of the 15th National Assembly’s 10th session.
Deputy Nguyen Thi Lan from Hanoi highlighted the importance of prioritizing human resource development in agriculture and essential sectors.
Despite the significant demand from society and businesses, fields such as soil science, crop science, animal husbandry, plant protection, agricultural business, rural development, agricultural extension, disaster prevention, fisheries, and forestry struggle to attract young talent. These sectors are crucial for food security, climate change adaptation, and sustainable agricultural development. However, due to the demanding nature of the work, unattractive income, and insufficient policies, they fail to draw interest from students.
Drawing from international experiences, Ms. Lan suggested implementing priority mechanisms like targeted scholarships, preferential loans by sector, training orders, and substantial investments in laboratories and practical models. She also emphasized the need for enhanced collaboration between educational institutions and businesses to increase the appeal and ensure job prospects for graduates.
Additionally, Ms. Lan proposed establishing a national human resource demand forecasting mechanism by sector, with the Government responsible for periodically publishing these forecasts to guide training and resource allocation effectively.
Commenting on the draft amendments to several educational laws deputy Ly Thi Lan from Tuyen Quang focused on early childhood education, particularly in mountainous and ethnic minority areas.
She stressed that without addressing early childhood education, goals to improve educational quality cannot be achieved. The unique geographical challenges in these regions necessitate specific solutions, such as organizing main schools and satellite classes, ensuring staffing and minimum conditions for preschools in mountainous, border, and ethnic minority areas.
Vneconomy-Châu Anh