Vietnam News
Domestic gold prices rebound after sharp decline
Domestic gold prices rebounded on November 19 after a sharp decline on the previous day, rising by VND1.4 million ($53.2) per tael.
One tael equals 37.5 grams, or 1.2 ounces.
SJC-branded gold bar prices at major local retailers climbed to VND148.7 million ($5,653) per tael for buying and VND150.7 million ($5,730) per tael for selling.
Gold ring prices also recovered, reaching VND145.9 million ($5,547) per tael for buying and VND148.4 million per tael for selling, up VND600,000 ($22.8) per tael from the previous day.
On the global market, gold continued its downward trend, slipping 0.05% to $4,066 per ounce. At this level, domestic gold prices stood approximately VND20.02 million ($761) per tael higher than international prices.
VnEconomy-Lan Nhi
Circular solutions helping Vietnamese farmers turn by-products into resources
Since 2022, under the European Union–funded “Circular Economy Cocoa: From Bean to Bar” project, Helvetas Vietnam has introduced innovations aimed at reducing waste, increasing farmer income, and promoting more sustainable agricultural practices. Most recently, the organization unveiled a biochar gasification kiln equipped with an integrated heat transfer system at the Nhat Tam Agricultural Service Cooperative in Ea Kar district, Dak Lak province.
Agricultural By-Products: A Persistent Challenge in High-Rainfall Regions
Cocoa production typically leaves behind substantial by-products, with husks accounting for up to 70 per cent of each fruit’s weight. These husks are often discarded or burned in the open - practices that waste valuable biomass and generate harmful emissions. Similar challenges exist across other key crops such as coffee, macadamia, and rice, where farmers struggle to manage large volumes of post-harvest residues.
Extended rainy seasons compound these difficulties. Sun-drying becomes nearly impossible, and high humidity increases the risk of mold in cocoa and coffee beans, reducing quality and market value. Traditional drying systems, meanwhile, consume large amounts of fuel and generate significant emissions.
To help address these constraints, the project installed the KANAI-800 biochar gasification kiln at Nhat Tam Cooperative. The semi-automatic system uses pneumatic valve control and runs on locally available residues including cocoa husks, coffee husks, macadamia shells, and rice husks. During gasification, these materials are converted into syngas, a clean-burning synthetic gas. When fully combusted, syngas produces stable heat with minimal emissions, transferred through an integrated heat exchanger to maintain precise drying temperatures.
The biochar gasification kiln model utilizing locally available agricultural wastes has been warmly welcomed by local farmers.The system enables the cooperative to dry agricultural products continuously, around the clock, with a capacity of 5–15 tons per batch, entirely independent of weather conditions. The approach reduces energy costs while ensuring consistent crop quality, helping farmers secure better prices.
Biochar: The “Black Gold” of Sustainable Agriculture
A major advantage of the technology is its production of biochar, a highly effective soil amendment. Biochar enhances soil structure, boosts water retention, limits nutrient loss, and reduces reliance on chemical fertilizers. It also acts as a long-term carbon sink, storing carbon in the soil for decades or even centuries.
The biochar gasification system represents a practical model of circular agriculture: by-products are converted into valuable inputs rather than discarded. Drying operations rely on clean energy generated on site, reducing both emissions and costs. The process also yields biochar, which can be used to restore soil health or sold for additional income. The system is designed for straightforward operation and can be easily integrated into existing drying facilities, making it scalable across other commodity chains such as cashew, pepper, rice, and cassava. Altogether, the approach helps reduce expenses, improve product quality, and increase farmers’ income.
Mr. Pham Van Luong, Country Director of Helvetas Vietnam, emphasized: “This initiative reflects Helvetas’ broader efforts to promote more sustainable and circular practices in Vietnam’s agricultural sector. The model offers a practical way to make better use of local resources, improve production efficiency, and reduce environmental impacts.”
Ms. Nguyen Hong Thuong, Director of Nhat Tam Cooperative, shared: “Each year, our cooperative dries hundreds of tons of agricultural products. In the past, we consumed a lot of fuel and wasted large amounts of post-harvest residues. With the new gasifier, we can now make use of cocoa husks, coffee husks, macadamia shells, and rice husks as clean fuel - while also producing biochar to enrich our soil. Farmers are very excited because it helps us cut costs and create additional value for production.”
Mr. Duong Van Truc, Director of Saigon Clean Water and Environment Co., Ltd. (SAWAEN), the project’s technical partner, added: “Compared with drying systems powered by electricity or gas, the biochar gasification kiln can cut operational costs by up to 75 per cent, with a payback period of only about four months. Compared with firewood drying, it saves around 40 per cent in costs, with payback achieved in approximately nine months. This technology delivers tangible benefits both economically and environmentally.”
Circular agriculture is opening up new opportunities for Vietnamese cocoa farmers.The integrated biochar gasification kiln and heat transfer system at Nhat Tam Cooperative is among the first demonstration models of circular agriculture in Vietnam. By combining modern gasification technology with abundant local residues, the model shows that circular solutions are fully achievable at the cooperative level. More than a technological upgrade, it marks a shift that empowers farmers to manage energy needs, improve product quality, and move toward more sustainable production practices.
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International Marine Offshore Expo opens in HCM City
More than 200 domestic and international enterprises are exhibiting their latest shipbuilding technologies and equipment at the third Vietnam International Marine Offshore Expo (VIMOX) 2025, which opened in Ho Chi Minh City on November 19.
Participating companies include major firms from the US, Singapore, Germany, South Korea, Italy, Denmark, and Norway.
The three-day event serves as a platform for shipbuilding and maritime enterprises, along with supporting industries, to display new technological advancements and explore business opportunities. It also aims to strengthen cooperation, expand markets, and promote investment within the sector.
VIMOX 2025 will feature a series of seminars focused on maritime technology, emission-reduction solutions, modern ship design trends, and international investment collaboration.
Vneconomy-Minh Hà
US remains top destination for Vietnam's computer and electronics exports
Two key commodity groups—computers, electronic products and components; and telephones and components—have maintained positive growth momentum in the first 10 months of 2025, according to Vietnam Customs.
In October alone, exports of computers, electronic products, and components reached $9.79 billion. Cumulatively over the first 10 months, the export turnover from this group reached $87.29 billion, a surge of 47.9% compared to the same period last year, representing an increase of $28.28 billion.
Computers, electronic products, and components recorded one of the highest export growth rates compared to the previous year. This commodity group accounted for 22.3% of the country's total export turnover over the past 10 months.
The growth of this group alone contributed more than half of the total export growth, highlighting the critical role of the electronics sector in Vietnam's trade landscape.
Notably, the US continues to be the largest consumer market, importing $34.14 billion of these products from Vietnam, a 78% year-on-year increase, equivalent to a rise of nearly $15 billion.
Beyond the US, other key markets also maintained impressive growth rates. Exports to China reached $13.98 billion (up 39.8%); Hong Kong (China) $8.81 billion (up 29.6%); the EU $8.79 billion (up 11.5%); South Korea $7.05 billion (up 55.4%).
In contrast to the exceptional growth of the computer group, the group of telephones and components saw more modest growth. In October, telephone exports reached $5.08 billion, a slight decrease compared to the previous month. However, accumulated over the 10 months, the export turnover from this group reached $48.67 billion, an increase of 4.7% compared to the same period last year, corresponding to a rise of $5.28 billion.
Vneconomy-Hạ Chi
Vietnam, Algeria upgrade bilateral relations to strategic partnership
Vietnam and Algeria agreed to upgrade their ties to a Strategic Partnership during talks held between Vietnamese Prime Minister Pham Minh Chinh and his Algerian counterpart Sifi Ghrieb in Algiers on November 19.
The two PMs affirmed that both sides will strengthen the exchange of delegations at all levels in order to consolidate political trust and mutual understanding while expanding cooperation in various fields through the current cooperation mechanisms.
PM Chinh proposed both sides to foster investment cooperation, open markets for each other’s key products and boost two-way trade on the basis of balanced benefits. This includes Algeria facilitating Vietnamese enterprises’ participation in digital transformation projects and cooperation between the two countries’ businesses in telecommunications.
He suggested establishing specialised sub-committees on science-technology, digital transformation, healthcare, education and labour, and urged the two sides to support joint work between their enterprises through concrete, practical and effective projects.
PM Ghrieb affirmed that Algeria stands ready to create the most favourable conditions for Vietnamese enterprises and act as a gateway for expanding Vietnam’s economic engagement with Africa.
He underscored the Algerian Government’s determination to maintain and further strengthen the traditional friendship between the two countries.
VnEconomy-Việt An
PM calls for stronger effots to maintain macroeconomic stability, boost exports
Prime Minister Pham Minh Chinh has signed Official Dispatch No. 221/CD-TTg calling for continued efforts to maintain macroeconomic stability and promote exports.
Accordingly, the PM instructs ministries, agencies, and localities to take measures to stabilise the macro-economy, control inflation, and ensure key economic balances. Monetary, fiscal, and other macroeconomic policies must be harmonised and implemented effectively to support sustainable growth, according to the dispatch.
The State Bank of Vietnam has been tasked with adopting proactive and flexible monetary policies and directing credit flows towards production, business activities, priority sectors, and key growth drivers.
The Prime Minister also assigned the Ministry of Industry and Trade to implement strong solutions to boost exports during the year-end and Tet (the Lunar New Year) periods, including trade promotion, market and product diversification, and restructuring supply chains. The ministry should expedite negotiations and signing of bilateral and multilateral trade agreements with potential partners and continue negotiations on a reciprocal trade agreement with the United States.
The Ministry of Finance has been instructed to review import and export tariffs in line with international commitments and support production and exports. It will also strengthen quality control at border gates to prevent origin fraud and substandard goods.
Meanwhile, the Ministry of Agriculture and Environment was directed to step up efforts to combat illegal, unreported and unregulated (IUU) fishing, work to secure the lifting of the European Commission's “yellow card”, and accelerate negotiations to expand market access for Vietnamese agricultural products.
VnEconomy-Minh Hiếu
Stronger growth of US investment in Vietnam
In the three decades since diplomatic relations were established in 1995, the partnership between Vietnam and the US has grown deeper, more reliable, and constructive across multiple sectors. In particular, following the official upgrade of relations to a Comprehensive Strategic Partnership in 2023, cooperation entered a new phase.
The US is now not only one of Vietnam’s largest trading partners but also a leading investor in high value-added sectors such as high technology, semiconductors, energy, and finance.
Rising confidence
US investment flows into Vietnam have seen a remarkable surge in 2025 compared to previous years. According to data from the Foreign Investment Agency at the Ministry of Finance, as of the end of September the US had 1,496 valid investment projects in Vietnam, with total registered capital exceeding $12.31 billion, ranking it eleventh among countries and territories investing in the country.
Ninety-seven new projects were launched by US investors in the first nine months of the year, with total registered capital of some $629.18 million; 3.5-fold higher than the $180.09 million invested in the same period of 2024 and the highest figure for the first nine months between 2018 and 2024, underscoring growing investor confidence in Vietnam’s business environment and long-term growth prospects.
Among the key sectors attracting US investment, semiconductors have emerged as a standout pillar of cooperation, where American companies have made a distinct and strategic imprint on Vietnam’s industrial landscape. Tech giants such as Intel, Amkor Technology, Qualcomm, Synopsys, and Marvell have all established operations in the country, helping to anchor Vietnam’s position within the global semiconductor supply chain.
Intel has invested more than $1.5 billion, with an estimated 60-70 per cent of its global semiconductor products now assembled, tested, and packaged locally. Similarly, Amkor Technology made headlines with a $1.6 billion investment in northern Bac Ninh province to build its largest-ever semiconductor packaging and testing plant. The strategic project not only reflects Amkor’s confidence in Vietnam’s investment climate but also reinforces its growing role as a semiconductor manufacturing and testing hub in the Asia-Pacific region.
According to Deputy Ambassador of the US to Vietnam Courtney Beale, the two countries have long maintained a strong and enduring partnership in semiconductor production. Many US companies, she noted, have chosen Vietnam as a base for critical stages of the value chain, including assembly, testing, and packaging, forming an essential link in the global semiconductor network.
Beyond semiconductors, US companies are also expanding their footprint in other sectors with major potential, such as telecommunications, aviation, liquefied natural gas (LNG), and agriculture. Of note, SpaceX plans to invest around $1.5 billion in developing telecommunications infrastructure and providing satellite internet services in Vietnam. The company is currently finalizing legal procedures to pilot its first telecommunications projects in the country.
Vietnam’s robust economic growth has seen the country increasingly viewed as a strategic market by leading US investors. According to the American Chamber of Commerce in Vietnam (AmCham), US businesses value Vietnam’s rising role in global supply chains, positioning the country as a destination in the region offering a competitive advantage.
At the same time, its stable political environment, skilled and abundant workforce, and focus on green energy, infrastructure, and the development of the digital economy make it an attractive destination for investment, production, and innovation. These factors, observers believe, provide a solid foundation for US companies to deepen their long-term commitment to Vietnam through expanded operations and closer collaboration across strategic sectors.
Path to sustained growth
The Vietnamese Government has continued to advance reforms in recent years, aimed at creating an even more open and efficient business environment and tackling longstanding bottlenecks in investment cooperation. Current goals include eliminating at least 30 per cent of unnecessary business conditions, reducing administrative processing time and costs by at least 30 per cent, and making it easier for foreign enterprises, including those from the US, to operate and expand in Vietnam.
But challenges remain. According to AmCham, US investors continue to face obstacles such as inconsistent policy implementation across cities and provinces, unclear legal regulations, and an occasional lack of coordination between administrative authorities. These issues, AmCham noted, can dampen the appeal of Vietnam’s investment environment and complicate the realization of long-term business strategies.
AmCham has called on Vietnam to build on its progress to date by further strengthening its competitive edge through a fair, transparent, predictable, and simplified legal framework. Such improvements, it said, would not only help attract new investment but also reinforce confidence among existing investors, encouraging them to scale up operations and deepen their commitments in Vietnam.
Vietnam is also urged to prioritize key efforts, such as easing constraints in resource mobilization and production, accelerating the development of clean and renewable energy, harnessing the potential of the digital economy, and promoting sustainable investment. Developing a healthy, well-integrated financial market would also help attract stronger participation from US investors, AmCham emphasized.
Looking ahead, American businesses hope to see continued momentum in administrative reform, including faster decision-making processes and more consistent law enforcement. Targeted incentives for projects and sectors where the US holds competitive strengths and Vietnam has development priorities could further reinforce the growing economic and trade partnership between the two countries.
VET-Bao Tram
Heavier administrative penalty to be applied for violations in the fisheries sector
The Vietnamese government has recently intensified its efforts to combat illegal, unreported, and unregulated (IUU) fishing by issuing a new Decree increasing administrative penalties for violations in the fisheries sector, according to the Ministry of Agriculture and Environment.
This is part of a broader strategy to ensure sustainable fishing practices and to comply with international regulations, the ministry reported at the 22nd meeting of the national steering committee on IUU fishing prevention on November 18.
Government Decree No. 301 stipulates fines for various violations with penalties of up to VND700 million ($26,600), depending on the severity and nature of each violation.
The move aims to deter illegal activities and promote sustainable fishing practices, contributing to the long-term health of marine ecosystems and the livelihoods of those dependent on the fishing industry.
As of November 15, a total of 79,360 fishing vessels nationwide had been registered and updated in the national fisheries database (VNFishbase), reaching 100%. The number of licensed vessels stands at 76,811, according to the ministry. Vessels found ineligible for operation have been placed under local supervision.
The Ministry of Public Security has launched criminal proceedings in three cases involving four defendants, while five other cases with 12 defendants have been brought to court. From early 2024 to November 15, 2025, police initiated 91 criminal cases related to IUU violations, prosecuting 136 defendants, and brought 48 cases involving 101 defendants to trial.
VnEconomy-Chu Khôi
Vietnam’s Long An International Port and Japan’s Port of Kobe establish the strategic partnership
Vietnam’s Long An International Port and Japan’s Port of Kobe officially signed a memorandum of understanding (MoU) to establish a strategic partnership on November 17.
The event took place within the framework of the investment, labor, and trade promotion program held in Japan from November 16 - 22 by Vietnam' southern Tay Ninh province where the Long An International Port is located.
According to the MoU, Long An International Port and Port of Kobe agreed to establish a strategic port partnership aimed at enhancing the efficiency of maritime transport connections, strengthening logistics capacity, and promoting green port development in the future.
Under the MoU, the two sides will encourage the expansion of shipping capacity and scale, increasing cargo throughput through the two ports; sharing experience in port management, operation, and administration following modern models and international standards; cooperate in the development of green and smart port models, applying advanced management technologies aligned with carbon emission reduction goals; and coordinate training and exchange of high-quality logistics personnel to meet the long-term development needs of both sides.
According to Tay Ninh Province’s development plan for the 2021–2030 period, logistics has been identified as a key economic sector to promote industry, trade, and services. With plans to establish 59 industrial parks and 82 industrial clusters, an interregional logistics infrastructure connectivity has become increasingly urgent.
Therefore, the strategic partnership between Long An International Port and Port of Kobe not only opens up new development opportunities for businesses but also contributes to Tay Ninh Province’s major objectives in attracting investment, particularly in processing, manufacturing, and supporting industries; reducing logistics costs through direct connections to international transport hubs, etc.
Furthermore, the MoU helps strengthen the friendship between Vietnam and Japan while expanding opportunities for cooperation between the two countries in logistics, supporting industries, trade, and investment. This is a crucial step in enhancing the competitiveness of Vietnam’s port system, meeting the requirements for sustainable, modern, and internationally integrated maritime economic development.
Vneconomy-Phuong Hoa
Thu Thiem set to become HCM City’s new economic hub
Acting as the Eastern gateway, Thu Thiem is on track to become the city's new financial hub, experts stated at the Ho Chi Minh City Real Estate Forum themed "The Central Core," held on November 18.
According to the Organisation for Economic Co-operation and Development (OECD), a modern Central Business District (CBD) is an area that concentrates commercial, financial, and service activities with the highest labor density within an urban region. With its vast land bank and systematic planning, Thu Thiem possesses many characteristics approaching the model of a modern CBD.
Transport infrastructure is a crucial factor driving Thu Thiem's development. Specifically, Metro Line 1 (Ben Thanh - Suoi Tien) and bridge projects connecting the historic District 1 with Thu Thiem are being accelerated.
Coupled with the planned Thu Thiem - Long Thanh railway, these projects create an inter-regional transport network, attracting residents, experts, and businesses to the East. This serves as the foundation for a future "dual center" dynamic between the historic District 1 and Thu Thiem.
Consequently, the central Ho Chi Minh City real estate market is witnessing robust growth, particularly in the luxury apartment segment. Data from Batdongsan.com.vn reveals that in the first 10 months of 2025, although central apartments accounted for only 28% of the supply, they attracted 45% of consumer interest.
Additionally, urban areas adjacent to Thu Thiem are also drawing significant attention from both investors and residents.
Deputy General Director of Batdongsan.com.vn Nguyen Quoc Anh noted that Thu Thiem is not merely an extension of the city center but has the potential to become a counterbalancing economic and financial hub within the next 5 to 10 years.
"With its strategic location, extensive land bank, and orientation toward becoming an International Financial Center (IFC), Thu Thiem is viewed as the fulcrum for Ho Chi Minh City's next development phase. The division of roles among localities in the Southern economic region also contributes to optimizing regional resources and promoting the balanced development of the entire urban ecosystem," Anh said.
According to real estate experts, a comparison with megacities such as Seoul, Shanghai, or Singapore shows that HCM City's development is following a similar trajectory: shifting from a mono-centric structure to a network of functional centers. Infrastructure remains one of the key driving forces behind this transition.
Vneconomy-H. Vinh
List of 10 groups of key digital technology products and services rolled out
The Minister of Science and Technology has promulgated Circular 31/2025/TT-BKHCN (Circular 31), rolling out a list of key digital technology products and services, including artificial intelligence (AI), cloud computing, quantum technology, blockchain, next-generation mobile network products and services (5G/6G), semiconductor chip products and services.
The list is built upon selectively inheriting 16 key information technology products from Circular 19/2021/TT-BTTTT that had been issued by the former Ministry of Information and Communications, and then supplemented with digital technology products and services that meet key criteria based on concretizing the Party and State's guidelines and policies on science, technology, and innovation.
Circular 31 identified 10 groups of key digital technology products and services as following:
1. Group of products and services of artificial intelligence, digital twins, virtual reality/augmented reality: Vietnamese language model; virtual assistant; specialized artificial intelligence; digital twins; Metaverse; smart devices processing AI at the edge...;
2. Group of products and services of cloud computing, quantum, big data: Equipment and software of cloud computing systems; cloud computing services; quantum computing services, quantum communication; large-scale data centers;
3. Blockchain technology products and services group: Blockchain technology application software products; traceability system; Blockchain network infrastructure;
4. Group of products and services for next-generation mobile networks (5G/6G): 5G/6G and later-generation wireless access network equipment and solutions; 5G/6G and later-generation core network equipment and solutions; high-speed IP transmission equipment and solutions...;
5. Robot and automation product and service group: Autonomous mobile robots; industrial robots; software, digital platforms for robot development, control and operation;
6. Semiconductor chip product and service group: Specialized chips, AI chips, IoT chips;
7. Group of aviation and space products and services: Low-altitude remote sensing and telecommunications satellites; ground stations and satellite control; unmanned aerial vehicles; software and digital platforms for the development, control and operation of satellites and unmanned aerial vehicles;
8. Group of network security products and services: Electronic identification and authentication platform equipment and software; network information security products: security products for terminal devices, network layer security products; application layer security products; data protection products; firewall solutions, intrusion detection and prevention; security solutions for critical infrastructure and national databases;
9. Group of products and services of national digital platforms and shared digital platforms: Digital platforms in the List and plan for implementing national digital platforms and shared digital platforms of industries, fields and regions issued under Decision No. 2618/QD-BKHCN dated September 11, 2025 of the Minister of Science and Technology and decisions supplementing and amending this Decision; and
10. Group of IoT products and services: IoT devices, software, platforms.
Circular 31 will take effect from January 1, 2026.
Vneconomy-Nam Anh
Vietnam outlines more proposals for greenhouse gas emission reduction globally
At the High-level Segment of the 30th United Nations Climate Change Conference (COP30) hosted by Brazil, Vietnamese Deputy Minister of Agriculture and Environment Le Cong Thanh on November 18 proposed that developed countries, with their financial, scientific, and technological capabilities, make stronger commitments to reducing greenhouse gas emissions.
Mr. Thanh, who is head of the Vietnamese delegation at the COP30, also proposed that developed countries need to fully implement financial commitments to lead in mobilizing at least $300 billion annually and aim for a roadmap of $1.3 trillion per year to support developing countries in a common efforts for net zero emissions by 2050.
Additionaly, it is urgent to expand and improve the implementation of the "Early Warning for All" initiative to protect the lives and property of people from increasingly severe climate disasters, he said.
He noted that Vietnam consistently pursues sustainable development, harmoniously balancing economic growth, environmental protection, and climate change response. It has continuously improved its institutions and policies, gradually creating a consistent and synchronized legal framework for adaptation and greenhouse gas emission reduction, fair energy transition with new, breakthrough mechanisms to promote green transition and carbon-neutral development.
Currently, Vietnam is developing and piloting a domestic carbon market along with allocating greenhouse gas emission quotas for major emitting facilities in the thermal power, cement, and steel sectors, according to the Deputy Minister.
VnEconomy-Hoàng Anh
Vietnam is one of Slovakia's most important partners in the region: Slovak Deputy PM
Party General Secretary To Lam welcomed Slovak Deputy Prime Minister and Minister of Defence Robert Kaliňák’s visit to Vietnam during a reception in Hanoi on November 18.
The Party chief praised the outcomes of the talks between Deputy PM Kaliňák and Politburo member, Vice Secretary of the Central Military Commission and Minister of National Defence of Vietnam, Gen. Phan Van Giang.
He proposed that both sides further enhance cooperation in the fields of defense industry, military training, and peacekeeping.
He emphasized the importance of utilizing existing consultation and cooperation mechanisms to promote practical, comprehensive, and sustainable bilateral relations. This includes facilitating connections between ministries, sectors, and businesses of both countries to expand cooperation, making the economy and science and technology key pillars of bilateral relations, and further promoting cultural, educational, tourism, and people-to-people exchanges.
Deputy Prime Minister Kaliňák expressed his admiration for Vietnam's significant development achievements, which have elevated the country's position in Asia. He affirmed that Vietnam is one of Slovakia's most important partners in the region.
The Slovak government and people are eager to deepen and enhance the effectiveness of multifaceted cooperation with Vietnam, particularly in defense and other areas of mutual interest.
VnEconomy-Lý Hà
Denmark's A.P. Moller - Maersk group wants to invest in modern, green container ports in Vietnam
Party General Secretary To Lam hosted a reception for Chief Executive Officer of Denmark’s A.P. Moller – Maersk, Mr. Vincent Clerc, in Hanoi on November 18.
Party leader To Lam emphasized Vietnam's focus on infrastructure development, particularly in green-oriented seaports, to support sustainable growth.
He acknowledged the vision of A.P. Moller - Maersk in building green ports and transportation, welcoming the company's plans to expand its investment in Vietnam, particularly in developing smart, green seaport systems and logistics services.
He encouraged the group to invest in marine economy sectors and affirmed Vietnam's readiness to facilitate foreign investors in developing logistics projects, connecting regions, major cities, and industrial zones domestically and globally.
Mr. Vincent Clerc, for his part, expressed his group's desire to explore investment opportunities in building large, modern, and green container ports and strategic logistics projects in Vietnam.
This would support Vietnam in enhancing export-import turnover, achieving sustainable economic growth, transitioning to a low-carbon economy, adapting to climate change, and reaching the net-zero emissions target, he said.
He provided updates on Maersk’s operations and cooperation achievements with partners in Vietnam, as well as the group’s strategic transformation in the country with the vision of connecting Vietnam with major global manufacturing and logistics hubs, thereby supporting Vietnam’s deeper participation in global supply chains.
VnEconomy-Hà Lê
Prime Minister Pham Minh Chinh begins official visit to Algeria
Prime Minister Pham Minh Chinh, his spouse, and a high-level Vietnamese delegation arrived in Algiers on November 18 afternoon (local time), starting their official visit to Algeria from November 18-20, at the invitation of the host country's Prime Minister Sifi Ghrieb.
This is the first visit to Algeria by a Vietnamese Prime Minister in a decade, since 2015.
Prime Minister Sifi Ghrieb personally welcomed Prime Minister Pham Minh Chinh, his spouse, and the Vietnamese delegation at the Houari Boumediene Airport.
Despite the geographical distance, Vietnam and Algeria have maintained a long-standing relationship, particularly during their respective struggles for national independence. Over the past 60 years, the traditional friendship between the two countries has been continuously strengthened and developed across various fields.
The political and diplomatic relations between Vietnam and Algeria are characterized by mutual trust, facilitated by the regular exchange of high-level delegations. Algeria is currently one of Vietnam's important trade partners in Africa. In terms of investment, a notable project involves cooperation between major Vietnamese and Algerian enterprises in oil and gas exploration and extraction.
Defense and security cooperation is consistently maintained. Cultural and sports collaborations are also enhanced, with hundreds of Vietnamese martial arts clubs thriving in Algeria, attracting tens of thousands of practitioners across numerous provinces and cities. The Vietnamese community in Algeria currently numbers around 2,000 people.
While there is significant potential for cooperation between Vietnam and Algeria, particularly as each can serve as a gateway for the other to regional markets, geographical distance has limited the full exploitation of this potential, especially in trade and investment. This is particularly true in sectors where Vietnam and Algeria have strengths and needs that complement each other, such as energy, oil and gas, agriculture, mining, food processing, and manufacturing industries.
Prime Minister Pham Minh Chinh's official visit to Algeria is of great significance in elevating the cooperative relationship between the two countries to a new level, opening a new era of dynamic and extensive cooperation. It is expected to further strengthen political trust, promote and create new momentum for economic, trade, and investment cooperation, and enhance people-to-people connections between the two nations in the new development phase.
Vneconomy-Viet An
Vietnam Economic Times November 17, 2025
Dear readers,
As we reflect on Vietnam’s socio-economic trajectory from 2021 to 2025, a story of resilience, adaptability, and strategic reform emerges, underscored by the country’s ability to navigate unprecedented global and domestic challenges.
The recent “Vietnam Socio-Economy 2021-2025: Resilience and Breakthrough” seminar illuminated this remarkable journey, with experts highlighting Vietnam’s capacity to not only weather storms but also to achieve transformative breakthroughs. This period, marked by global shocks such as supply chain disruptions and geopolitical tensions, very much tested Vietnam’s mettle. Through proactive governance, private sector dynamism, and a forward-looking vision, however, Vietnam has solidified its position as a rising star in the global economy.
It has faced storms from many directions since 2021, including the lingering impact of the Covid-19 pandemic, trade volatility, and domestic structural constraints. Despite such obstacles, the country’s GDP growth averaged an estimated 6.3 per cent annually in the 2021-2025 period, driven by robust export performance, solid FDI attraction, and rising domestic consumption.
A pivotal moment along this journey was Vietnam’s commitment to a green and digital economy, as reaffirmed at the Vietnam Business Forum (VBF) 2025, held in Hanoi on November 10. The government and local business community showcased their resolve to align with global sustainability trends, prioritizing renewable energy, smart infrastructure, and digital transformation.
Prime Minister Pham Minh Chinh affirmed that the digital and green transitions are “objective imperatives, strategic choices and top priorities”. He called on foreign investors to invest in new growth engines such as AI, semiconductors, new energy and renewable energy.
The private sector’s role in this transformation cannot be overstated. In our interview with the Deputy Minister of Finance in this issue, the significance of Resolution No. 68-NQ/TW, issued by the Politburo in May 2025, was highlighted, with the landmark policy aiming to elevate Vietnam’s private economic sector as a cornerstone of growth and to have at least 3 million enterprises contributing over 60 per cent of GDP by 2045.
By streamlining regulations, enhancing access to capital, and fostering innovation, the Resolution has empowered small and medium-sized enterprises (SMEs) to thrive. The Deputy Minister noted that in the first ten months of this year, 255,800 new and resuming enterprises were recorded, for a 26.5 per cent increase over the same period of 2024; a testament to the policy’s impact.
Our Cover Story this week illustrates Vietnam’s journey from 2021 to 2025, driven by its strategic foresight and collective resilience. As we move into the 2026-2030 period, the country’s focus on green growth, digital innovation, and private sector empowerment will shape a sustainable and inclusive future. This is not just a story of development but of a country boldly charting its path into the “New era - The era of the nation’s rise”.
Warmest regards
Dr. CHU VAN LAM
CHAIRMAN OF THE EDITORIAL BOARD
VET-Vietnam Economic Times - VnEconomy
Maersk Group boosts investment cooperation in Vietnam
Global CEO of Denmark's A.P. Moller - Maersk Group, Mr. Vincent Clerc, on November 18 led a high-level delegation to visit and work with Vietnam's Hateco Group, an enterprise specialized in logistics infrastructure.
The visit demonstrates Maersk's special interest in Hateco's direction for developing a logistics ecosystem in Vietnam, while opening up opportunities for extensive cooperation between the two sides in the near future, the Government News remarked.
During the meeting, the Maersk CEO highly appreciated the outstanding success of the berths No. 5 and No. 6 project at Lach Huyen Seaport, Hai Phong city, for which Hateco is the investor.
Mr. Clerc expressed strong impressions regarding the implementation speed, infrastructure scale, and modern planning vision of the project. He emphasized that Lach Huyen is gradually becoming a crucial link in the international seaport network.
The Hateco Hai Phong International Container Terminal is a global-standard seaport, distinguished not only by its wharf infrastructure and management technology but also by its supply chain connectivity capabilities. The terminal has successfully attracted international shipping routes and built strong trust with global carriers, among which Maersk is a key partner.
On the occasion, the two parties also discussed in depth cooperation opportunities for the coming period, specifically plans to jointly research and promote investment in logistics infrastructure projects in strategic regions of Vietnam.
A.P. Moller - Maersk is the largest integrated logistics service provider from Denmark, with a history dating back to 1904. Operating in over 130 countries with a workforce of more than 100,000, Maersk provides pioneering digital solutions to connect domestic and international supply chains from end to end.
Government News-Nguyễn Khánh Chi
PM calls on Kuwait Investment Authority to boost investment in Vietnam
Within the framework of his official visit to Kuwait, Prime Minister Pham Minh Chinh on November 18 held working sessions with several ministers, leaders of investment funds, and leading economic groups of Kuwait to promote the realization of the newly upgraded Vietnam-Kuwait Strategic Partnership across all sectors, according a report from the Government News.
In a meeting with Managing Director of the Kuwait Investment Authority (KIA) Sheikh Saud Salem Abdulaziz Al-Sabah, PM Chinh stated that the upgrade of Vietnam-Kuwait relations to a Strategic Partnership serves as a favorable condition to promote cooperation between the two countries in all fields, particularly in the economy.
Noting that economic, investment, and trade cooperation between Vietnam and Kuwait in recent times has been slow and not yet commensurate with the political ties between the two nations, the PM emphasized the need to realize the new Strategic Partnership.
He proposed that the KIA provide financing and cooperate not only with the State sector but also with Vietnam's private sector in priority areas and projects, through both direct and indirect investment channels.
In particular, the PM urged the promotion of a direct Kuwait-Vietnam air route to enhance economic connectivity, business linkages, cultural exchange, tourism development, and people-to-people ties.
KIA Managing Director Sheikh Saud Salem Abdulaziz Al-Sabah stated that the KIA is currently diversifying its investments, looking not just at the present but at long-term development globally, with Vietnam identified as a key destination.
He noted that Kuwait in general, and Kuwaiti enterprises in particular, are keen to cooperate, with many existing investment projects in Vietnam already operating effectively.
Expressing strong agreement with PM Chinh's views, Mr. Sheikh Saud Salem Abdulaziz Al-Sabah proposed sending a working delegation to coordinate with Vietnamese partners to resolve bottlenecks and pave the way for future projects. He aims to promote sustainable investment cooperation between the two countries and expressed hope that both Governments would support this policy to facilitate specific, long-term joint projects for mutual prosperity.
He affirmed his readiness to explore new cooperation opportunities in sectors prioritized by Vietnam and to encourage investors to come to the country. He emphasized that the Fund possesses substantial capital resources, seeks long-term investments, and aims to contribute to Vietnam's prosperity. Additionally, he highly appreciated Vietnam's tourism potential, noting that many Kuwaiti citizens wish to visit, and agreed to promote the establishment of a direct flight route between the two nations.
VGP-Nguyễn Khánh Chi
Vietnam to roll out E10 biofuel nationwide from June 2026
Vietnam plans to roll out E10 biofuel nationwide from June 2026 under a new circular issued by the Ministry of Industry and Trade (MoIT).
Under Circular 50/2025/TT-BCT from the MoIT, all unleaded gasoline on the market must be converted to E10—a blend containing 10% ethanol—from June 1, 2026. However, the existing E5 RON92, which contains 5% ethanol, will remain available through the end of 2030.
The MoIT was quoted by the Vietnam News Agency as stating that it may adjust blending ratios and introduce new gasoline products when necessary to ensure energy security, meet environmental targets, and safeguard consumer interests.
The ministry also noted that the use of biodiesel B5 and B10 will not be mandatory for diesel engines at this stage.
E10 biofuel has already been piloted by major distributors Petrolimex and PV Oil since August 1 in Ho Chi Minh City, Hanoi and Hai Phong.
Vietnam News Agency-Khánh Vân
Vietnam's cassava exports top over $1 bln in 10M
Vietnam exported 3.34 million tons of cassava and cassava products in the first ten months of 2025, earning over $1 billion, according to Vietnam Customs.
The figures represent a surge of 59.8% in volume and 8.5% in value, compared to the same period last year.
In October alone, exports reached 260,000 tons, worth $88.53 million, marking year-on-year increases of 47.6% in volume and 16.3% in value. The average export price rose to $340.1 per ton in October, up 2.7% from September.
China remained Vietnam’s largest buyer, importing 3.16 million tons worth $962.74 million in the January–October period, up 63.8% in volume and 10.3% in value year-on-year.
Several other markets also showed signs of recovery, including Taiwan (China), Japan, Malaysia, the Republic of Korea, and the Philippines. Notably, the Republic of Korea posted an unexpected spike in October, increasing its imports of Vietnamese cassava by 1,282% from September, to more than 7,000 tons worth $1.99 million.
VnEconomy-Chu Minh Khôi