This is part of the group's plan to develop AI human resources for the Southeast Asian market.

Korea Telecom (KT) CEO Young Shub Kim has proposed to expand AI infrastructure, including the establishment of its Global Development Center in Vietnam as a strategic facility to develop AI human resources for the Southeast Asian market.

He made the proposal during a meeting with Deputy Prime Minister Nguyen Chi Dung in Hanoi on May 26.

Mr. Kim said he expected to receive support from the Vietnamese government for his group’s cooperation with Viettel, a tech giant of Vietnam, laying a foundation for AI and innovation initiatives.

Welcoming the proposed partnership between KT and Viettel, Deputy PM Dung stressed that the Government supported the collaboration between the two groups, and proposed that KT and Viettel jointly establish a training and research center, as well as an AI data center.

The Deputy Prime Minister noted that the Vietnamese Government committed to accompanying, supporting and creating favorable conditions for foreign businesses, including those from the Republic of Korea, to invest and operate in Vietnam.

 

 

-Hạ Chi

If approved and implemented effectively, this policy could see at least 80% of gasoline-powered ride-hailing motorbikes replaced with electric ones within the next two years.

Ho Chi Minh City (HCMC) is set to convert approximately 400,000 gasoline-powered motorbikes to electric ones in the coming years, targeting ride-hailing and delivery drivers as part of a broader effort to reduce greenhouse gas emissions and cut fuel costs.

Mr. Le Thanh Hai, Director of the Center for Economic Application Consulting at the HCMC Institute for Development Research, noted that this group of drivers has emerged as one of the city's largest sources of emissions.

According to a recent survey conducted by the institute, each driver covers an average of 100 km daily, operating for 8-12 hours, contributing significantly to air pollution.

In 2023, the institute surveyed over 400 drivers from three major platforms—Grab, Be, and Gojek. Findings revealed that gasoline-powered motorbike drivers spend an average of VND70,000 - 100,000 ($2.7 – 3.86) per day on fuel.

In contrast, electric motorbike users spend only around VND20,000 ($0.77) per day on charging, resulting in a daily savings of VND40,000 - 60,000 ($1.55 - $2.31)—equivalent to over VND1 million (nearly $38.6) per month.

Calculations suggest that if these savings are redirected towards installment payments for an electric motorbike, drivers could fully own their new vehicles within 24-30 months without requiring upfront capital investment.

If approved and implemented effectively, this policy could see at least 80% of gasoline-powered ride-hailing motorbikes replaced with electric ones within the next two years. The goal is to achieve a full transition within 3-5 years, aligning with HCMC's broader push for stricter vehicle emission control measures.

-Thi Nguyễn

Under the agreement, Vietnam will export renewable energy to Malaysia and Singapore.

An agreement on cooperation in exporting renewable energy between Vietnam, Malaysia and Singapore was signed in Kuala Lumpur, on May 26, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Malaysian and Singaporean counterparts Anwar Ibrahim and Lawrence Wong, on the occasion of attending the 46th ASEAN Summit and related high-level meetings, hosted by Malaysia, the 2025 ASEAN Chair.

This event marks the first step in the implementation of the tripartite cooperation, affirming the common commitment to promoting cross-border clean electricity trade, the Vietnam News Agency commented, adding that this is also an important milestone, demonstrating the common determination to realize the vision of an ASEAN power grid and enhance regional energy connectivity in a more sustainable and flexible manner.

Under the agreement, Malaysia, represented by MY Energy Consortium, an unincorporated consortium established by Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas), will collaborate with a consortium comprising Petrovietnam Technical Services Corporation (PTSC), a member of Vietnam National Industry–Energy Group (Petrovietnam), and Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Singapore-based Sembcorp Industries (Sembcorp) to tap Vietnam's abundant renewable energy potential, especially offshore wind power, to produce clean electricity and supply cross-border electricity.

The parties will jointly study the feasibility of exporting clean electricity from Vietnam to Malaysia and Singapore via submarine cables, connecting to the national grid of Peninsular Malaysia, and consider the possibility of additional power sources and storage systems to ensure stability.

Relevant parties will coordinate closely with government agencies throughout the project development process, while completing necessary approval procedures to help promote grid connectivity and cross-border energy cooperation.

This trilateral agreement marks a significant milestone in developing cross-border green infrastructure and harnessing Vietnam's renewable energy potential, the news agency remarked, further reporting that the partnership aims to establish an expandable model for cross-border renewable energy cooperation throughout Southeast Asia, positioning the region as a global exemplar for carbon reduction solutions and energy transition based on collaboration foundation. The initiative demonstrates efforts to accelerate regional energy integration and realize the ASEAN Power Grid vision.

As an ASEAN member, Vietnam is advancing its strategic vision to become the region's renewable energy hub, with strong commitments to clean energy development, emissions reduction, and meeting Southeast Asia's growing energy demands. Through this trilateral cooperation, Vietnam seeks to unlock new economic opportunities, promote green growth, create high-quality employment, while reinforcing ASEAN's collective commitment to a sustainable energy ecosystem with low emission.

-Vân Nguyễn

By 2030, the province expects to expand to 11 industrial zones covering approximately 2,813 ha.

The northern province of Ninh Binh continues to solidify its status as an attractive hub for strategic investors, thanks to its thriving industrial zones and robust infrastructure.

Currently, the province boasts seven industrial zones spanning a total area of 1,472 ha. Among these, five zones are operating stably with an impressive occupancy rate exceeding 90%.

This high rate, combined with a favorable investment environment, makes Ninh Binh a prime destination for industries such as mechanical engineering, high technology, and automotive assembly.

The province is home to 120 active investment projects with a total registered capital of VND65.485 trillion (nearly $2.53 billion), employing over 36,000 workers. Notably, 32 foreign direct investment (FDI) projects accounted for $653.55 million of the total registered capital, reinforcing Ninh Binh’s appeal to international investors.

According to Mr. Pham Duc Cuong, Deputy Head of the Management Board of Ninh Binh Provincial Industrial Zones, the board is currently implementing two major infrastructure investment projects, funded through public investment capital. These developments aim to enhance the province’s industrial ecosystem and attract more high-quality investments.

Ninh Binh’s commitment to industrial growth is reflected in its ambitious industrial development plan to 2030. By then, the province expects to expand to 11 industrial zones covering approximately 2,813 ha. The overarching goal is to develop a modern, comprehensive, and environmentally friendly industrial system, seamlessly integrated with urban and service development.

-Nguyễn Thuấn

Businesses must enhance their governance capabilities, invest in technology, and develop long-term strategies based on global policy analysis.

Over 200 businesses in Hue City will be directly impacted by the US reciprocal tariffs, particularly those operating in textiles and garments, yarn, raw and auxiliary materials, auto parts, seafood, machinery, and equipment spare parts.

This issue was the focus of the workshop "Business Response to US Reciprocal Tariffs," recently organized by the Hue City Department of Finance.

Addressing the workshop, Vice Chairman of the Hue City People's Committee, Mr. Phan Quy Phuong, highlighted the city's commitment to fostering a supportive business environment.

"Hue considers businesses to be central to all economic development policies," he affirmed, noting that the city has actively pursued administrative reforms, developed digital government initiatives, enhanced digital infrastructure, and engaged regularly with businesses to resolve challenges.

Hue’s continuous efforts to improve its investment climate have yielded tangible results. For four consecutive years, the city has ranked among the top ten localities in the Provincial Competitiveness Index (PCI), climbing to sixth place nationwide this year—a testament to its dedication to creating a favorable business ecosystem.

Experts and business leaders at the workshop examined the profound impacts of countervailing duty policies between major economies. These trade policy shifts are directly influencing Vietnamese import-export activities, production chains, and investment flows, including those in Hue.

Representatives from various businesses shared their difficulties in adjusting to market fluctuations, restructuring supply chains, and navigating risk forecasting. Many emphasised the need for an early warning mechanism and legal consultations to mitigate the effects of sudden changes in international trade policies.

VCCI Deputy Secretary General Dau Anh Tuan underscored the urgency of proactive adaptation in the face of fierce competition. “Businesses cannot solely rely on the government,” he stated. “They must enhance their governance capabilities, invest in technology, and develop long-term strategies based on global policy analysis.”

-Thiên Anh

Total value in the month reaching VND46.3 trillion ($1.77 billion).

The total value of corporate bond issuances in April skyrocketed 148% from March and 141% year-on-year to reach VND46.3 trillion ($1.77 billion), according to the MB Securities (MBS).

The banking sector remained the largest issuer with value totaling VND32.6 trillion ($1.25 billion), accounting for 73.2% of the total.

It was followed by the real estate sector with a total value of VND12.5 trillion ($478 million), accounting for 17.1% of the total.

The April figure brings the total value of corporate bond issuances in the first four months of 2025 to more than VND71.4 trillion ($2.73 billion), soaring 58.7% compared to the same period last year.

 

-Thu Minh

According to the Vietnam Trade Office in Malaysia, Vietnam’s exports to Malaysia in the first four months of 2025 showed impressive growth.

The Vietnam Trade Office in Malaysia has highlighted numerous opportunities for Vietnamese exporters to Malaysia, which boasts strong purchasing power, diverse consumer demand, and cultural similarities with Vietnam.

Malaysia’s high trade openness and its participation in various regional trade liberalization agreements further facilitate Vietnamese exports to the country.

Despite government policies supporting domestic businesses and farmers, Malaysia faces supply shortages of essential food items such as rice and seafood, creating demand for imported products.

However, Vietnamese exporters also face notable challenges. Malaysia’s open market attracts fierce competition from other exporting countries, particularly China, Thailand, and Indonesia.

Additionally, food products require Halal certification, which is not issued by Vietnamese state agencies but must be recognized by authorities in selected Muslim-majority countries.

Other obstacles include language barriers, cultural differences, and concerns about trade fraud, which have deterred some Vietnamese businesses from actively pursuing opportunities in Malaysia.

According to the Vietnam Trade Office in Malaysia, Vietnam’s exports to Malaysia in the first four months of 2025 showed impressive growth.

Computers, electronic products, and components led the way, accounting for 14.9% of the total, marking a 55.3% increase year-on-year.

Coffee exports surged by 63.7%, though primarily in the form of raw beans used as input for Malaysia’s coffee industry rather than branded Vietnamese coffee products. Pepper exports rose by 116.3%, while rubber exports skyrocketed nearly five-fold to 447.8%. However, both categories still represent a relatively modest 1.4% of total exports.

With the right strategies and market engagement, Vietnamese businesses have the potential to expand their footprint in Malaysia, leveraging its demand while navigating competition and regulatory challenges.

-Vũ Khuê

The agreements were inked on May 26 during a State visit to Vietnam by Frech President Emmanuel Macron.

A number of cooperation agreements between Vietnam and France were signed following talks held between Vietnamese President Luong Cuong and visiting French President Emmanuel Macron in Hanoi on May 26, accordimg to a report from the Government News. 

These documents include:

Memorandum of Understanding between the Ministry of Agriculture and Environment of Vietnam and the French Development Agency on cooperation in agriculture and environment for the 2025–2030 period;

Letter of Intent between the Vietnamese Ministry of Construction and the French Ministry of Transport on promoting cooperation in transportation;

Cooperation agreement on science, technology, and innovation between the Government of Vietnam and the Government of France;

Loan agreement between the French Development Agency and the Ministry of Finance representing the Government of Vietnam for the project on drought, erosion, and flood control in Ninh Thuan province;

Memorandum of Understanding on cooperation between the Vietnam Academy of Science and Technology and Airbus Defense and Space (Airbus), and the French national space agency (CNES) related to the deployment of earth observation satellites;

Cooperation agreement for the operation of Berths 7 and 8 at Lach Huyen port, Hai Phong, between Saigon Newport Corporation and CMA-CGM Group (CMA Terminals);

Credit contract for the project to enhance the southern transmission grid of the National Power Transmission Corporation;

Partnership agreement on technology transfer for vaccine production in Vietnam between Sanofi Pasteur and Vietnam Vaccine Joint Stock Company (VNVC); and

Purchase contract for 20 wide-body A330-900 aircraft between Vietjet and Airbus.

 

 

 

-Vân Nguyễn

The 46th ASEAN Summit, hosted by Malaysian Prime Minister Anwar Ibrahim, the 2025 ASEAN Chair, took place on May 26.

Vietnamese Prime Minister Pham Minh Chinh and senior leaders of other ASEAN member states, Prime Minister of Timor-Leste Xanana Gusmao, and the ASEAN Secretary-General attended the Plenary Session of the 46th ASEAN Summit, hosted by Malaysian Prime Minister Anwar Ibrahim, the 2025 ASEAN Chair,  in Kuala Lumpur, Malaysia, on May 26, according to a report from the Vietnam News Agency.

The ASEAN leaders showed their support for the timely cooperation theme “'Inclusivity and Sustainability” of the summit, which reflects ASEAN’s urgent requirement to promote equitable development, resilience, solidarity, and effective joint response to common challenges such as climate change, energy security, transnational crime, and natural disasters.

They affirmed that ASEAN remains a bright spot in global growth, with a 4.8% growth rate in 2024 and projected 4.7% growth in 2025. Intra-bloc cooperation and partnerships with external partners have continued to expand, while the bloc’s central role, position and credibility are being increasingly reinforced.

They agreed that to sustain its achievements amid global uncertainties, ASEAN must leverage its internal strengths, uphold a rule-based multilateral trading system, effectively tap existing trade agreements, expand regional integration and connectivity, and take the lead in shaping the region’s future through frameworks and initiatives such as the ASEAN Power Grid and the ASEAN Digital Economy Framework Agreement.

In that spirit, the ASEAN leaders adopted the document “ASEAN 2045: Our Shared Future”, which encompasses the ASEAN Community Vision 2045 and strategic plans across the political-security, economic, socio-cultural, and connectivity pillars, laying a strategic foundation for regional cooperation and integration in the decades to come.

All member states have agreed that the implementation of their 2045 strategies must go beyond political declarations, requiring concrete action plans, appropriate resourcing, effective implementation and oversight mechanisms, and the engagement of the entire society. They emphasized that the ASEAN Community Vision 2045, along with the strategies, should be fully integrated into countries’ development plans to ensure consistency and alignment.

ASEAN leaders agreed to admit Timor-Leste as ASEAN’s 11th member during the 47th ASEAN Summit scheduled for October 2025. Relevant ministers and senior officials were tasked with negotiating accession documents for Timor-Leste.

Speaking at the session, PM Chinh noted his support for this year’s theme of “Inclusivity and Sustainability” and his confidence that Malaysia, as ASEAN Chair, will steer the grouping through difficulties and challenges, praising the country’s role in providing the association’s timely and coordinated response.

He said the world is undergoing unprecedented and unpredictable shifts, marked by growing political polarization, economic fragmentation, institutional disunity, and developmental divides.

In this context, the Vietnamese leader stressed the need for ASEAN to fully embrace the "five enhancements" - greater unity to build collective strength; greater resilience to take charge of its own destiny; greater proactiveness to shape the agenda; greater inclusiveness to remain a shared home for all member states; and greater sustainability to secure the future for generations to come.

PM Chinh expressed strong support for the “ASEAN Vision 2045: Our Shared Future”, and outlined three key priorities for cooperation in the coming period.

First, ASEAN must redefine its development mindset, with inclusiveness as the foundation, innovation as the driving force, and sustainability as the goal. He proposed that relevant ASEAN bodies consider “sustainability” as a core metric when evaluating the effectiveness of 2045 cooperation strategies. This, he suggested, should be measured against three pillars - green economy, inclusive society, and smart governance.

PM Chinh called for intensifying the mobilization of resources from both the public and private sectors to advance digital transformation, science-technology, and innovation as well as to develop region-wide initiatives capable of inspiring broader participation from ASEAN's external partners.

Second, he emphasized the need for ASEAN to strengthen its connectivity role, expand linkages beyond the region, and diversify products, markets, and supply chains. The Vietnamese leader welcomed the multiplying of such formats as the ASEAN–Gulf Cooperation Council (GCC) Summit and the ASEAN–GCC–China Economic Summit to other promising partners, including the Southern Common Market (MERCOSUR) and the Pacific Alliance.

He recommended ASEAN to have a strong collective voice in support of free, fair, and inclusive trade principles, and uphold multilateralism. The PM expressed confidence that the accession of Timor-Leste as a full ASEAN member would contribute significantly to the bloc’s resilience, inclusivity, and sustainability.

Third, ASEAN must maintain its centrality and strengthen regional resilience, PM Chinh said, adding that the success of the bloc depends on its ability to preserve independent strategic space and autonomy in policy implementation.

He stressed that ASEAN’s centrality must be asserted not just in name, but through action – by safeguarding its strategic autonomy, promoting intra-bloc consensus, and enhancing its capacity to proactively adapt to external shocks.

In light of growing transnational criminal threats, PM Chinh announced Vietnam’s proposal to draft an ASEAN declaration aimed at enhancing cooperation in the apprehension of wanted criminals. He also expressed his hope for the support of other member states regarding the initiative.

The Government leader of Vietnam voiced confidence that with shared belief and vision, ASEAN will overcome every challenge and strongly advance forward. Vietnam is committed to remaining a responsible, proactive, and constructive member of the bloc, ready to join ASEAN in building a community that is more united, resilient, proactive, inclusive, and sustainable, both for today and for the future, he stated.

-Vân Nguyễn

According to the Conclusion No.157-KL/TW of the Politburo, the restructuring of commune-level and provincial-level administrations must be completed prior to July 15 and August 15, 2025, respectively.

The Politburo issued Conclusion No. 157-KL/TW, dated May 25, 2025, specifying deadlines for completing the restructuring of local administrations to create a two-tier local governance system, according to a report from the Government News.

Accordingly, the restructuring of commune-level administrations must be completed prior to July 15, 2025; and  provincial-level administrations must be completed prior to August 15, 2025.

Vietnam has decided to merge dozens of provinces and cities to reduce the number of localities from 63 to 34; dissolve district-level administrations; and merge communes to reduce to the number of communes nationwide from 10,035 to just over 3,320.

The above move is part of the Politburo's plan to overhaul the political system to make it more effective and efficient and to save budget for development investment

-Phạm Long

Nearly 40,700 tons of Vietnamese mangoes exported to China in the first quarter of 2025.

Vietnam have surpassed major mango exporters to China such as Thailand, Peru and Australia to capture an impressive 97% of China’s mango import market share in the first quarter of 2025, according to a report from the Vietnam News Agency.

This outstanding success is attributed to a combination of competitive pricing, consistent quality and timely supply.

According to data from Chinese Customs, China spent $29 million importing mangoes from six countries in the three-month period. While import values from traditional suppliers like Thailand and Peru dropped sharply, Vietnam emerged as the only bright spot, achieving a breakthrough, with nearly 40,700 tons of mangoes exported to China, generating $28 million in revenue -145 times more than the previous year.

Currently, nearly 2,000 ha of mango orchards in the Mekong Delta are certified under VietGAP and GlobalGAP standards, meeting food safety and traceability requirements - critical conditions for access to high-end markets such as China, the Republic of Korea, Japan and the US.

-Vân Nguyễn

The park coverving 200ha in Bac Tu Liem district.

The People’s Committee of Hanoi has approved the planning task of the capital city’s first High-Tech Biological Park.

Covering approximately 200 hectares, the projected park is located in the wards of Tay Tuu, Lien Mac, Minh Khai, Thuy Phuong, and Co Nhue 2 in Bac Tu Liem district.

The 1/2,000-scale zoning plan will align with the capital city’s broader urban development strategies through 2030, with a long-term vision toward 2050. It will also serve as a foundation to revise Hanoi’s master plan toward 2045 and beyond, to 2065.

Key functional zones within the project include research and development centers, high-tech manufacturing facilities, technology service hubs, and training and incubation spaces. A supporting service zone in the southern section will house commercial buildings, office space, hotels, and healthcare facilities. Green parks and a central lake will provide open public space at the heart of the project.

The park will engage in high-tech activities in accordance with the international trends and Vietnam's policies and orientations for high-tech development, with a strong focus on biotechnology.

 

-Hoàng Bách

Vietnam’s bid to become a new player in the global Halal market will be anything but straightforward.

With vast potential and growing opportunities, the Halal market is becoming an important avenue for Vietnamese enterprises in their export expansion strategies. However, to fully leverage the advantages, close coordination between the government, businesses, and certification organizations is essential to build a well-structured Halal ecosystem that meets international standards.

At a briefing held recently by the Ministry of Industry and Trade (MoIT) for the network of Vietnam Trade Offices abroad, with the theme “Promoting Trade and Expanding Access to the Global Halal Products Market”, Mr. Ramlan Bin Osman, Director of the National Halal Certification Center (HALCERT) at the Ministry of Science and Technology, said the global Halal market holds immense potential in terms of scale, population growth, spending levels, sectoral diversity, and increasing growth prospects.

Gateway to the Halal economy

With nearly 2 billion Muslims worldwide, making up a quarter of the global population, the demand for Halal-certified products is surging like never before. By 2028, the global Halal economy is projected to hit a staggering $10 trillion, creating a golden window of opportunity for Vietnamese businesses, especially in agriculture and food processing.

Vietnam is exceptionally well-positioned to tap into this thriving market. As one of the world’s top 20 food exporters and among the 15 largest exporters of agricultural goods, the country is already a vital player in global supply chains. Backed by 17 operational free trade agreements, including several next-generation and inter-regional pacts, Vietnam’s export advantage is stronger than ever.

Even more promising, Vietnam boasts an abundance of raw materials perfect for Halal food production: coffee, rice, seafood, aquaculture products, spices, nuts, vegetables, and tropical fruit. This makes the country not just a supplier of ingredients, but a potential powerhouse for finished Halal products. Add to that its growing tourism appeal, and Vietnam boasts fertile ground for expanding Halal hospitality services like restaurants and catering.

It already produces and exports all 20 of the most in-demand agricultural items in countries within the Organization of Islamic Cooperation (OIC), from green coffee beans to rice, cashews, and fruit juices. Yet, despite this impressive product base, Vietnamese export volumes still fall short of the actual demand in these markets. That’s why strong collaboration between the MoIT and national Halal certification bodies is more crucial than ever.

In 2024 alone, Vietnam’s key agricultural exports such as rice, coffee, cashews, and pepper saw remarkable growth. “With proper Halal certification, these staple products could significantly expand their reach into Muslim-majority markets,” said Mr. Bin Osman. He stressed that Vietnam, with its agricultural potential, has a real chance to step confidently onto the global Halal food stage, where demand currently outpaces supply by a wide margin.

To fully unlock this opportunity, Vietnam must not only align with Halal standards but also learn from the success stories of leading non-Muslim Halal exporters like Australia, Brazil, and South Korea, which have turned Halal into a strategic economic pillar. “I firmly believe that Vietnam can soon join that list,” Mr. Bin Osman said. “Halal could become not just a new export stream but a major contributor to the country’s GDP. But success depends on one key principle: from farm to table, everything, every ingredient, every step, must be Halal-compliant.”

Strategic pathways

According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, the global Halal market presents a significant opportunity for Vietnam’s exports. With a total market value of $2 trillion, even a 10 per cent share would represent a substantial gain for Vietnam. At the current growth rate, if efforts are maintained over the next five years, Vietnam’s exports could claim a much larger share of the global Halal market.

While affirming the strong demand for Halal products in the Muslim community, Mr. Le Phu Cuong, Head of the Vietnam Trade Office in Malaysia, noted that obtaining standard Halal certification for export remains a separate and challenging issue. Halal certification is not mandatory for imports into Malaysia; however, many importers, distributors, and retailers prioritize certified products to meet the needs of the local Muslim-majority population, which accounts for 60 per cent of the country’s demographic. As a result, most products selected for the market are expected to carry Halal certification.

Indonesia, another key Halal-importing country, also poses significant challenges. Mr. Pham The Cuong, Commercial Counsellor of Vietnam in Indonesia, said Halal certification in Indonesia is considered a non-tariff barrier due to the prolonged procedures, high costs, short validity periods, and burdensome requirements; all factors that especially hinder small and medium-sized enterprises (SMEs).

Furthermore, the number of authorized certifying bodies in Indonesia is extremely limited, with only one recognized organization currently certifying food products. The certification process itself is complex, requiring that food safety standards be maintained throughout the entire supply chain, not just at the input stage. Compounding the issue is a general lack of awareness and structured preparation among Vietnamese businesses regarding the certification process, coupled with growing competition from other countries.

Therefore, Vietnamese businesses are urged to proactively apply for Halal certification in Indonesia, as well as the SNI (Standar Nasional Indonesia - Indonesian National Standard). They should also maintain close cooperation with relevant Vietnamese authorities in the event that Indonesia initiates trade defense measures against their products to protect local business interests.

Meanwhile, Mr. Tran Trong Kim, Commercial Counsellor of Vietnam in Saudi Arabia, recommended that government authorities and local agencies provide clear guidance on Halal certification procedures and work to promote mutual recognition agreements on Halal standards. Many countries still do not directly recognize Vietnamese products, instead requiring validation through third-party entities. Additionally, he emphasized the need to attract foreign investment and establish internationally-standardized Halal production facilities in Vietnam.

On the business side, companies are encouraged to invest in Halal-compliant production lines and engage with recognized Halal certification organizations for consultation and guidance. Enterprises should also actively participate in promotional activities for Vietnamese Halal food, such as specialized trade fairs, with a focus on high-quality Halal products. Mr. Kim also advised businesses to verify partners before transactions, avoid non-cancellable contracts without proper due diligence, and request deposits to ensure secure business dealings and avoid trade disputes.

Highlighting further challenges, Mr. Truong Xuan Trung, Head of the Vietnam Trade Office in the United Arab Emirates (UAE), noted that understanding of Islamic regulations and Halal standards in Vietnam remains limited. The Halal certification process in the country remains complex and lacks alignment with international standards.

In addition, the shortage of trained professionals with expertise in Halal requirements poses a significant obstacle to the development of a domestic Halal industry. As such, Mr. Trung proposed improving the legal framework for Halal, especially as the recently signed Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA) is expected to facilitate trade between the two countries. He also called for strengthened cooperation with Islamic countries on Halal certification, supportive policies for Halal product exports, and prioritization of budget allocations for Halal production initiatives.

-Vũ Khuê

An agreement was signed by Vietjet and Airbus in Hanoi on May 26 in the presence of State Preisdent Luong Cuong and French President Emmanuel Macron, who is on a State visit to Vietnam from May 25 - 27. 

Vietjet signed an agreement with Airbus in Hanoi on May 26 to order 20 widebody A330-900 aircraft to support its strategic expansion over the next decade.

The signing ceremony was witnessed by State President Luong Cuong and French President Emmanuel Macron, who is on a State visit to Vietnam from May 25 - 27. 

This long-term order will support Vietjet’s ongoing international flight network expansion, enabling the airline to increase flights on high capacity routes across the Asia-Pacific region, as well as to introduce future long haul services to Europe.

Vietjet Chairwoman Nguyen Thi Phuong Thao said that these modern Airbus aircraft, with the latest levels of efficiency and lower fuel consumption, have accompanied Vietjet’s growth and will continue to support Vietjet’s global flight network expansion. "Our long-term investment in a modern, environmentally responsible fleet reflects our commitment to strengthening economic and technological ties between Vietnam and France," she added.

Mr. Wouter van Wersch, President Airbus International expressed pride that Vietjet has selected the A330neo as its widebody aircraft of choice to build on its success. "We look forward to continuing our partnership as Vietjet expands its reach," he added.

The new contract with Airbus doubles its firm orders for the A330neo to 40 aircraft. In addition, the carrier has 96 A320neo Family single aisle aircraft on order. Vietjet currently operates an all-Airbus fleet of 115 aircraft, comprising 108 single aisle A320 Family aircraft and seven A330-300s.

Meanwhile, at the end of April 2025, the A330 Family had won over 1,800 firm orders from more than 130 customers worldwide.

As with all in-production aircraft, the A330neo is able to operate with up to 50 per cent Sustainable Aviation Fuel (SAF), with a target to increase to up to 100 per cent SAF capability by 2030.

In an interview with VET, Ms. Helene Burger, Airbus Head of International Cooperation Sustainability shared that Airbus views SAF as a key pillar of international aviation’s decarbonisation strategy, particularly in countries like Vietnam, where there is strong potential for SAF production. Airbus is actively supporting the aviation industry’s transition to SAF by ensuring our aircraft are compatible with up to 50 per cent SAF today and advancing toward 100 per cent SAF capability by 2030.

"Operating flights with SAF in Vietnam align with our broader commitment to sustainable growth and the reduction of CO2 emissions within the aviation sector," she said. "To promote SAF adoption in Vietnam, Airbus seeks to build long-term partnerships, support infrastructure development, and foster innovation in SAF production. Airbus fully supports Vietnam’s commitment to achieving net zero emissions by 2050, and we believe SAF is crucial in reaching this target."

Airbus, CNES and VAST reaffirm commitment to strengthening Earth Observation capabilities in Vietnam (Photo: Airbus)

On the same day, Airbus Defence and Space, the French Space Agency (CNES), and the Vietnam Academy of Science and Technology (VAST) also signed a Declaration of Intent (DoI), with the presence of the two Presidents. 

The DoI was signed to strengthen their longstanding cooperation in the field of Earth observation, building on the success of the VNREDSat-1 space program. It reaffirms the three parties' shared ambition to develop and implement the next generation of Earth observation satellite systems in support of Vietnam’s climate change mitigation, disaster monitoring, and natural resource management.

Mr. Stéphane Vesval, Senior Vice President Sales Space Systems, Airbus Defence and Space, said that the renewed cooperation between Airbus, CNES and VAST reflects a clear dedication to long-term partnerships that build sovereign capabilities and deliver meaningful societal value.

As part of this broader collaboration, CNES and VAST intend to expand their scientific and technical exchange in areas such as Earth observation data while exploring the development of targeted applications based on shared data sets, and supporting capacity-building programs.

-Ngoc Lan

Durian growing area increases 19.5% annually.

The Prime Minister has directed relevant ministries, agencies and localities to take more effective measures to promote sustainable production and export of durian. 

Prime Ministerial dispatch No. 71/CD-TTg, signed by Deputy Prime Minister Tran Hong Ha on May 23, asked the Ministry of Agriculture and Environment to focus on directing durian production in line with the national development plan for key fruit crops through 2025 and 2030, ensuring supply-demand balance and compliance with quality standards for domestic consumption and export markets.

The ministry is also tasked with promoting trade negotiations to open additional export markets for Vietnamese durian.

The dispatch also called for a comprehensive review, revision, and improvement of management regulations, the use of planting area codes and packaging facilities, ensuring that the rules are transparent, feasible, consistent, and aligned with international practices as well as Vietnam’s conditions.

The Ministry of Industry and Trade is required to coordinate with the Ministry of Agriculture and Environment to build and develop the national brand for Vietnamese durian, boost trade promotion, expand export markets, and connect businesses in the field.

The Ministry of Finance is instructed to study to provide financial, credit and tax support for enterprises in durian processing, preserving and technological application.

The durian growing area increased 19.5% annually in the 2015-2024 period. In 2024, the total growing area of durian reached nearly 180,000ha with an average output of 1.5 million tons. Last year’s durian exports earned almost $3.2 billion.

 

-Minh Huy

In a recent meeting, Prime Minister Pham Minh Chinh asks relevant ministries and agencies to seek way to ensure safe, healthy and sustainable development of the real estate market.

Addressing a meeting in Hanoi on May 24,  Prime Minister Pham Minh Chinh demanded strict punishment against real property speculation and manipulation in a bid to make housing affordable for all, according to a report from the Government News.

The PM called on subordinate levels to lift barriers to reduce costs and prices while increasing housing supply.

He tasked the Ministry of Finance to promptly mull over a tax policy on unused real estate and formulate a national housing development fund in June this year.

Local authorities were urged to ensure residents can have full access to property information, study to eliminate procedures on investment approval, and coordinate with ministries and agencies to develop resort real estate.

The PM also asked local authorities to strive to complete social housing development targets, expeditiously build a database on land and housing, and form real estate trading floors.

-Phạm Long

Accessibility to digital platforms, online promotional tools, and livestream sales techniques still presents significant gaps.

The number of businesses in the Northern Midland and Mountainous Region adopting e-commerce remains modest. The lack of regional connectivity, limited logistics infrastructure, and uneven digital skills pose significant barriers, making it difficult for many highland products to access broader markets.

According to Ms. Le Hoang Oanh, Director of the E-Commerce and Digital Economy Agency at the Ministry of Industry and Trade, digital transformation is no longer an option but an essential requirement. E-commerce is one of the key pillars driving comprehensive digital transformation in localities, especially in economically challenged areas like the Northern Midland and Mountainous Region.

However, the gap in e-commerce development between different regions remains substantial, she said.

“While major cities have established fairly comprehensive e-commerce ecosystems, many provinces in the midland and mountainous areas still face limitations in applying technology to production, distribution, and product consumption.”

Ms. Oanh emphasized that the reason lies in the underdeveloped information technology and logistics infrastructure in many localities within the region.

“The proportion of enterprises utilizing e-commerce remains low, and the digital platform management skills of cooperatives and business households are still limited—particularly in brand building and market expansion.”

Additionally, accessibility to digital platforms, online promotional tools, and livestream sales techniques still presents significant gaps.

According to the Ministry of Industry and Trade, the Northern Midland and Mountainous Region possesses great potential for e-commerce development due to its diverse ecosystem and rich array of products. However, the lack of regional connectivity, limited logistics infrastructure, and uneven digital skills continue to be major barriers preventing highland products from reaching wider markets.

-Vũ Khuê

By 2030, Vietnam plans to expand STEM education significantly, with a strong emphasis on fundamental sciences, digital technology, artificial intelligence (AI), and biotechnology.

Under the Project on Training Human Resources for the Development of High Technology for the Period 2025–2035 and Orientation Towards 2045, approved by Prime Ministerial Decision No.1002/QD-TTg, signed by Deputy Prime Minister Le Thanh Long on May 24,  Vietnam aims to produce approximately 100,000 graduates annually in the 2030-2035 period from information and communications technology (ICT) training programs, with at least 15% attaining master's or doctoral degrees.

Looking ahead to 2045, Vietnam envisions a highly skilled and high-quality STEM workforce, strengthening its strategic competitive advantage in attracting investment in high-tech industries.

The Project seeks to cultivate a robust STEM workforce, particularly fostering top talent capable of driving research and innovation in strategic and advanced technologies.

By 2030, Vietnam plans to expand STEM education significantly, with a strong emphasis on fundamental sciences, digital technology, artificial intelligence (AI), and biotechnology. The proportion of students enrolled in STEM disciplines is expected to reach 35% at each level of education, with at least 2.5% pursuing fundamental sciences and 18% specializing in digital technology-related fields.

Each year, 80,000 students are expected to graduate in ICT, with at least 10% earning advanced degrees in engineering, master's, or Ph.D. programs, according to the project.

-Hạ Chi

Vietnam can meet India’s rising demand for high-quality polyester fabrics, an estimated $1.2 billion market annually.

The textile and garment industries of both Vietnam and India hold significant potential for collaboration, offering mutual benefits in raw material supply, production capacity, and trade expansion.

Mr. Bui Trung Thuong, Commercial Counselor and Head of the Vietnam Trade Office in India, was quoted by Radio the Voice of Vietnam as stating in an online seminar on Vietnam-India cooperation in the textile industry, held by the Vietnam Trade Office in India on May 23, that Vietnam ranks among the world’s top three textile and garment exporters, achieving over $43 billion in export turnover in 2024, a 10.1% increase from 2023.

The sector employs more than 3 million workers but remains heavily dependent on imported materials from China, which account for 57% of the total, necessitating urgent supply chain diversification.

Mr. Thuong emphasized that India, with its competitive advantages in cotton, yarn, and textile machinery production, along with preferential treatment under the ASEAN-India Free Trade Agreement (AIFTA), can serve as a key strategic trade partner of Vietnam, in alignment with the comprehensive strategic partnership between the two countries.

Strengthening trade ties could help Vietnam reduce dependence while saving input costs by 22-27%, according to Mr. Thuong. Conversely, Vietnam can meet India’s rising demand for high-quality polyester fabrics, with an estimated $1.2 billion market annually, he added.

From the Indian perspective, Mr. Shri Rakesh Mehra, Chairman of the Confederation of Indian Textile Industry (CITI), noted that India’s textile and garment industry—valued at $170 billion, with $37 billion in exports in 2024—operates under a closed value chain, spanning yarn to finished products.

He emphasized that Vietnam is an ideal partner to help develop a high-value and adaptable supply chain, especially amid the post-pandemic global supply chain restructuring and ongoing trade conflicts.

Meanwhile, Mr. Rajesh Bhagat, Chairman of Worldex India, a trade fair organizer, encouraged Vietnamese and Indian businesses to enhance their presence at specialized exhibitions, fostering direct connections, contract agreements, and expanded cooperation in machinery, technology, and supply chain development.

-Phạm Long

The Vietnam-EU Free Trade Agreement (EVFTA) provides significant tariff preferences, further facilitating trade expansion.

Vietnam and Germany, as trusted strategic partners, are seeking to further deepen their mutually beneficial cooperation across various sectors, particularly in economics, trade, agriculture, fisheries, and environmental sustainability, according to Vietnamese Ambassador to Germany, Vu Quang Minh.

Speaking at a workshop on trade connection in agro-forestry-fishery sectors between Vietnam and Germany, co-organized recently in Berlin by the Vietnam Trade Office in Germany, the Vietnamese Ministry of Agriculture and Environment, and the German Agribusiness Alliance (GAA), Ambassador Minh emphasized that Vietnam and Germany’s economic structures are highly complementary, presenting an advantage for both nations to enhance policy coordination, expand bilateral trade, and leverage each other's market strengths.

He noted the importance of increasing market share for both sides to effectively tackle challenges and economic uncertainties.

"Germany, as Europe’s largest economy with a vast consumer market and stringent standards, can serve as Vietnam’s leading strategic alternative market," the Vietnamese diplomat stated. He also highlighted the Vietnam-EU Free Trade Agreement (EVFTA), which provides significant tariff preferences, further facilitating trade expansion from both sides.

Dr. Per Brodersen, Director of the GAA, for his part, assessed Vietnam’s entry into a new growth phase, bringing strong potential in production capacity, efficiency, exports, and added value.

He stressed that collaboration between agricultural, forestry, and fishery enterprises could unlock numerous opportunities for development between the two countries.

"Vietnamese and German associations and businesses must share consumer insights, regulatory information, and best practices for importing and exporting agricultural products, seafood, and meat into German supermarket chains," Dr. Brodersen asserted. He called on government authorities from both nations to create favorable conditions and strengthen agricultural cooperation, ensuring market access for prioritized products that meet evolving consumer demands.

Deputy Minister of Agriculture and Environment Tran Thanh Nam, meanwhile, emphasized the importance of strengthening supply chain linkages between Vietnamese and German agricultural product industry associations to ensure compliance with regulations throughout the product value chain. Such cooperation would help reduce logistics costs and maintain product quality from production to the end consumer.

Regarding exports to Germany, Ms. Dang Thi Thanh Phuong, Vietnamese Commercial Counselor in Germany, highlighted the need for products to comply with new EU technical standards. She noted that this is particularly relevant for wooden products, textiles, and footwear, which must adhere to requirements related to product safety, restrictions on certain chemicals, CE marking regulations, and corporate social responsibility (CSR) compliance.

 

-Bình Minh