The Vietnamese Government has reduced the import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/NĐ-CP, issued on March 31. This move is seen as an important step toward supporting the country’s energy transition from fossil fuels to...
Vietnam is making significant strides toward becoming a regional leader in the circular economy, leveraging its existing plastic recycling capacity, deep-rooted traditional recycling villages, and new digital and regulatory strategies. A recent platform mapping...
On May 26, during French President Macron’s state visit, Vietnam Vaccine JSC (VNVC) and French pharmaceutical leader Sanofi signed a pivotal agreement to transfer vaccine production technology to Vietnam. The deal, witnessed by Presidents Luong Cuong and Macron at...
Vietnam’s military-owned telecom powerhouse, Viettel, has entered into a strategic partnership with South Korea’s KT Corporation to advance artificial intelligence (AI) development in Vietnam. The agreement, signed in Hanoi on May 26, commits approximately...
Foreign investors are accelerating significant investments in Vietnam’s industrial and technology infrastructure, signaling strong confidence in the country’s investment climate. In late April, Vietnam’s Thanh Hoa province approved in principle a USD 115.8 million...
Vietnam recently commenced construction on its first chip factory entirely developed and operated with Vietnamese-owned technology, marking a significant breakthrough in the country’s semiconductor ambitions. The CT Semiconductor plant, part of CT Group’s High-Tech...
Japan’s largest retail group, AEON, has ambitious plans to dramatically increase its presence in Vietnam, aiming to grow from 12 general merchandise stores (GMS) to approximately 100 GMS and super-supermarkets (SSM) by 2030, a more than eightfold increase. These...
Vietnam has emerged as a leading force in global food production, achieving self-sufficiency and becoming a major exporter, according to Máximo Torero, Chief Economist of the Food and Agriculture Organization (FAO). Speaking during the P4G Summit in Hanoi, Torero...
Facing a potential 46% U.S. tariff on its exports, Vietnam has announced plans to boost imports of American defense and security products in an effort to address its substantial trade surplus with the United States, which exceeded USD 123 billion in 2024. Prime...
Vietnam attracted nearly USD 11 billion in foreign investment in the first quarter of 2025, marking a 35% increase year-on-year, according to the Ministry of Planning and Investment. The rise highlights sustained investor confidence in the country’s economic prospects...
SUEZ has entered into a strategic joint venture with Sonadezi, a state-owned Vietnamese industrial park developer, to provide integrated environmental solutions at Chau Duc Industrial Park – the largest of its kind in southern Vietnam. This collaboration marks...
Vietnam’s pharmaceutical industry is experiencing robust growth, with its market size projected to reach $10 billion by 2026, up from USD 2.7 billion in 2015 and USD 7 billion in 2025. This expansion is driven by favorable policies, increasing healthcare demand,...
