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In addition to introducing new mechanisms and policies to attract investors in key sectors, Vietnam is also implementing a range of supportive measures. These include developing land funds, industrial park infrastructure, enhancing human resources and the labor market, and improving energy infrastructure, as well as supporting industries. Vietnam has successfully attracted large volumes of capital through both the capital market and foreign direct investment in recent years, significantly contributing to its economic growth. The year 2024 was a landmark for the economy and the capital market, with a total capital mobilization of nearly 930 trillion VND. This amount was 1.3 times higher than in 2023 and equated to 25% of total social investment. The stock market capitalization reached 62.5% of GDP, while the bond market’s outstanding debt stood at 31.5% of GDP. Foreign investors played a significant role, opening nearly 48,000 trading accounts and reaching a total transaction value of...

The article, “The Era of Vietnam’s Rise,” sheds light on the transformative impact of the August Revolution in 1945. This pivotal event marked a new chapter in Vietnamese history, where the people took charge of their destiny for the first time. In 1986, the 6th National Congress of the Communist Party of Vietnam introduced the ‘Doi Moi’ (Renewal) policy, a pivotal move that steered the country away from poverty and blockade. As a result of this policy shift, Vietnam has experienced remarkable economic growth, now ranking among the top 35 economies globally, with its GDP increasing 96-fold over four decades. One of Vietnam’s most striking achievements lies in its diplomacy and global integration efforts. The country boasts diplomatic relations with 193 nations and has signed 17 free trade agreements (FTAs) with over 60 economies. Additionally, Vietnam’s successful poverty reduction initiatives have been recognized by the United Nations. The poverty rate plummeted from 58% in 1993 to ...

NA Deputy Truong Xuan Cu – Hanoi Constituency Streamlining State Management: A Strategic Imperative for Vietnam’s Development As Vietnam embarks on a new era of growth, reforming the state management apparatus is crucial to unlocking the country’s long-term strategic development. This reform is not just an option but a necessity, and it may even be a pivotal factor in the nation’s ascent. An efficient and streamlined administrative system is the cornerstone of any progressive nation. It fosters creativity, removes bottlenecks, and enables the country to function with precision and stability. Our resolve to undertake this transformation is unwavering, and we are committed to ensuring it permeates not just the government but also Party organizations at all levels, from the central to the grassroots. This comprehensive overhaul of the political system involves merging provinces, eliminating district-level administration, and rationalizing the number of communes. With 63 prov...

Optimizing Carbon Market Design: Balancing Economic Growth and Emissions Reduction The Department of Climate Change (DCC), Ministry of Agriculture and Environment, and the Energy Transition Partnership (ETP) jointly organized a consultation workshop titled “Impact Assessment of Vietnam’s Domestic Carbon Market in the Pilot Phase” on April 16 in Hanoi. At this event, Ms. Nguyen Hong Loan, Executive Director of Green Climate Innovation Consulting Co., Ltd. (GreenCIC) and Leader of the Consultant Team, emphasized the importance of identifying design and governance options, assessing their impacts, and selecting the most optimal approach to ensure a harmonious balance between economic development and GHG emission reduction goals for the successful operation of the carbon market during its pilot phase. Ms. Nguyen Hong Loan, Executive Director of Green Climate Innovation Consulting Co., Ltd. (GreenCIC) and Leader of the Consultant Team “ We conducted an in-depth analysis and m...

A Robust Start to Q1: Demonstrating Government’s Effective Direction and Ministries’ Swift Action The National Statistics Office (NSO) under the Ministry of Finance reported an estimated public investment capital disbursement of VND116.8 trillion for Q1/2025, reflecting a significant 13.5% of the annual plan. This figure surpasses the same period in 2024 by 19.8%, showcasing a strong start to the year. The disbursement rate has been on an upward trajectory since 2023, with a notable increase from 12.5% in Q1/2024 to 13.5% in Q1/2025. Q1/2025 Public Investment Disbursement Surges by Nearly 20% Year-on-Year Nguyen Thi Huong, Director-General of the NSO, attributed this positive development to the strong direction provided by the Government and the early implementation by ministries and localities. This collaborative effort has resulted in a gradual unlocking of public investment capital, a key driver of economic growth. Echoing this sentiment, Phi Thi Huong Nga, Head of the...

Hanoi has witnessed remarkable progress over the past year, especially within its tourism industry. Despite economic headwinds on both domestic and international fronts, the city’s tourism sector demonstrated a robust recovery and significant growth. According to the Hanoi Tourism Department, Hanoi experienced a boom in tourism, welcoming 27.86 million visitors, reflecting a 12.7% increase from the previous year. This included 6.35 million international tourists, a substantial rise of 34.4%, along with 21.51 million domestic visitors, indicating a healthy 7.5% growth. This influx of tourists has had a positive ripple effect on the economy, with total revenue estimated at VND110.52 trillion (approximately US$4.61 billion), an encouraging increase of 18.3%. These impressive figures were revealed during a conference on the tourism sector’s roadmap for 2025, held on December 30. They underscore the resilience and growth of Hanoi’s tourism industry in 2024. The capital’s tourism sector n...

India’s rise as a global power has reached a significant milestone as it surpasses Japan to secure the third position in the prestigious Asia Power Index, marking a pivotal moment in its ascent on the world stage. This development highlights a shift in the power dynamics within the Asia-Pacific region, reflecting India’s growing economic strength, diplomatic prowess, and strategic influence in the Indo-Pacific. The Rise of India: Losers and Gainers The Asia Power Index, an annual evaluation initiated by the Lowy Institute in 2018, has established itself as the benchmark for assessing power dynamics in the Asia-Pacific. The index analyzes 27 countries across eight thematic metrics, utilizing 131 distinct indicators. These indicators are categorized into two groups: resource-based determinants and influence-based determinants. Measuring National Power: The Multifaceted Approach Resource-Based Determinants: Economic Capability : Assesses core economic strength, including c...

Celebrating half a century of economic cooperation and regional partnerships between Australia and ASEAN. These forums presented an invaluable opportunity to showcase Bay of Lights as more than just a symbol of Cambodia’s potential; it is a game-changing initiative that will redefine the region. With a vision to become a leading destination for international travelers and investors, Bay of Lights is poised to catalyze Cambodia’s urban transformation while fostering deeper economic ties between Cambodia, Australia, and the broader ASEAN community, unlocking new avenues for growth and collaboration. “The foundation of Australia and ASEAN’s enduring partnership is mutual respect and shared aspirations, which has resulted in significant bilateral trade growth across multiple sectors,” remarked Michael Truong, Head of Business Development at Canopy Sands Development. “With Cambodia acting as a gateway connecting both regions, Bay of Lights is envisioned not merely as a city transf...

Vietnam News Headlines Today (Sep. 9) Vietnamese National Assembly Chairman Embarks on Official Visit to Russia Post-Typhoon Yagi Floodwaters Menace Mountainous Regions Vietnam Recaptures Pre-Pandemic Economic Growth Momentum Lang Son Geopark Earns UNESCO Global Geopark Recognition Hanoi Autumn Festival Promises to Bring Tourist Attractions to Life Vietnam’s 79th National Day Celebrated in the Netherlands Inauguration of Vietnamese Space in Ukrainian City OVs Unite to Promote Vietnamese Language and Culture Mozambican President Arrives in Hanoi, Commencing Official Visit to Vietnam National Assembly Chairman Tran Thanh Man receives a warm welcome at Moscow’s Vnukovo International Airport. (Photo: VNA) Vietnamese National Assembly Chairman Visits Russia Officially National Assembly Chairman Tran Thanh Man, accompanied by a high-ranking Vietnamese delegation, touched down at Moscow’s Vnukovo International Airport on the afternoon of September 8 (local time...