3rd Floor, Indochina Plaza Hanoi Building, 241 Xuan Thuy Street, Cau Giay Ward, Hanoi, Vietnam

Connect With Us

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/3/454366_5287390484454453_image.png" alt=""></figure></td></tr><tr><td>A customer buying gas at a Petrolimex's station in Hà Nội. — VNA/VNS Photo&nbsp;</td></tr></tbody></table></figure>HÀ NỘI — Petrolimex has announced the merger of its subsidiary, the Petrolimex Transportation Services Corporation (PTC), into its parent organisation in a strategic move designed to strengthen fuel transportation efficiency across the group.According to a document submitted by Petrolimex&nbsp;General Director,&nbsp;Lưu Văn Tuyển, to the State Securities Commission (SSC) and the Ho Chi Minh City Stock Exchange (HoSE), PTC will become a wholly-owned subsidiary of Petrolimex following the merger.The restructuring forms part of Petrolimex's comprehensive plan to reorganise the company from 2021 to 2025, with a long-term vision to 2035. This roadmap was approved by the State Capital Management Committee in a decision issued on December 5, 2022.The Petrolimex Board of Directors approved the merger proposal on February 6. As a result, all of PTC's assets, debts, rights, obligations and legal interests will be transferred to Petrolimex, and PTC will cease to exist as a separate entity once the merger is complete.Petrolimex will inherit all of PTC's assets and liabilities.Post-merger, Petrolimex's charter capital will remain unchanged at approximately VNĐ12.94 trillion (US$490.4 million).The merger will not affect the composition of the Board of Directors, the Supervisory Board, the General Director or the legal representatives of the group. If necessary, Petrolimex may register to add new business lines to cover operations previously conducted by PTC.The move will also enable Petrolimex to reclaim resources for restructuring investments that have not delivered returns proportionate to their scale, thereby improving efficiency and supporting growth objectives in the next development phase.The merger is expected to be completed within 30 days from October 1.PTC, established in 2017, was created to optimise Petrolimex's fuel transportation activities, meeting future demand and aiming to position itself as a leading national fuel transportation company.However, after nearly eight years of operations, PTC's organisational structure and business model showed limitations.In particular, PTC struggled to establish a centralised transportation management model and was slow to adopt technology in operations, hampering its ability to optimise logistics for Petrolimex. — BIZHUB/VNS

The restructuring is part of Petrolimex's comprehensive plan to reorganise the company from 2021 to 2025, with a vision extending to 2035.

Petrolimex merges transport arm to streamline fuel operations

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/3/454287_durian.jpg" alt=""></figure></td></tr><tr><td>Durian is the main driver for the recovery of fruit and vegetable exports. — VNA/VNS Photo Hồng Đạt</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam’s fruit and vegetable exports reached US$1.4 billion in September, setting a historic monthly high on strong durian shipments and rising demand for processed products, customs statistics show.Export value in September rose 47.2 per cent against August and 52.7 per cent over the same period last year. It marked the highest-ever monthly export value, equivalent to the export value of wood and wood products, which were Việt Nam’s leading agricultural export.Fruit and vegetable exports totalled $6.2 billion for the first nine months, up 10.3 per cent over the same period last year, statistics reveal.According to the Agency of Foreign Trade under the Ministry of Industry and Trade, durian remains the main growth driver, with exports rebounding strongly after a dip earlier this year.Durian shipments in August reached nearly $589 million, up 55.2 per cent over the previous month and 9.8 per cent over the same month last year, although the eight-month durian export value saw a year-on-year drop of 16.2 per cent to $1.8 billion.The Vietnam Fruits and Vegetables Association estimated that durian exports could hit $900 million in September alone.The association's General Secretary Đặng Phúc Nguyên said that the Chinese market is the main driving force for export recovery, accounting for 60 per cent of Việt Nam’s fruit and vegetable export revenue.Exports to China reached nearly $800 million in September alone on increased demand for durian, he said, forecasting a boom in October, when the durian harvest season ends in other countries.Other fruits also saw strong increases in August, including a remarkable figure for lychees, which went up 58 times the figure of August 2024 as the Vietnamese fruit hit shelves in major US retailer Costco. Strawberry exports also increased 11 times, and avocado, pineapple, and pistachio more than doubled.Numerous processed products also grew two- or three-fold, reflecting efforts to increase added value for fruit and vegetable products and meet stringent requirements from import markets.The association said that the exports of processed fruits and vegetables would expand rapidly in the next five years on anticipated rising demand from China, the US, and Europe.If Việt Nam makes full use of signed trade protocols and increasing investments in deep-processing technology and certified raw material areas, the industry could achieve a two-digit annual growth rate and turn processed fruits and vegetables into a stable billion-dollar export category less reliant on fresh produce, the association noted.Exports are expected to reach $8 billion this year. According to the association, this means that the goal of $10 billion in export revenue by 2030 is feasible, and could even be reached 1-2 years earlier.The Ministry of Agriculture and Environment is working with China on opening the market to exports of pomelo and avocado, expected in 2026. — VNS

Việt Nam’s fruit and vegetable exports reached US$1.4 billion in September, setting a historic monthly high on strong durian shipments and rising demand for processed products, customs statistics show.

Fruit exports poised to earn record revenue

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/10/3/454291_rice.jpg" alt=""></figure></td></tr><tr><td>A worker carrying a bag of rice.&nbsp;The Ministry of Industry and Trade has proposed a credit rating system for rice exporters to be introduced as a key criterion for selecting companies to participate in government-to-government contracting and for export quota allocation.&nbsp;— VNA/VNS Photo Thanh Bình</td></tr></tbody></table></figure>HÀ NỘI — The Ministry of Industry and Trade has proposed a credit rating system for rice exporters to be introduced as a key criterion for selecting companies to participate in government-to-government contracting and for export quota allocation.The proposal, outlined in a draft decree on rice export business to replace Government Decree 107/2018 and Decree 01/2025, marks the first time such a credit rating mechanism has been suggested.Exporters would be rated on a 100-point scale covering factors like credit ranking, tax compliance, customs record, supply chain partnership with farmers, brand development, export performance, inventory, and reporting.&nbsp;Logistics capacity, workplace safety, fire protection, disaster preparedness, and warehouse standards would also be taken into account under the proposal.Ratings would be classified into five categories, from 'very high' (80-100 points) to 'very low' (0-19 points).The Ministry of Industry and Trade will establish a council to access and publish the creditworthiness of rice exporters. These ratings would serve as a basis for allocating contracts and quotas, replacing the current system of even allocation.Ratings would help enhance prestige of rice exporters, improve competitive advantages and consolidate brands of Vietnamese rice in the international market, the ministry said.However, a trader warned that the system could favour large exporters with advanced logistics and management, leaving smaller and newer players at a disadvantage. An independent supervision mechanism to ensure fairness in evaluation will likely be needed.The draft also proposes opening up rice exports to foreign-invested&nbsp;enterprises, providing that they meet prerequisites and obtain licences. — VNS&nbsp;

The proposal, outlined in a draft decree on rice export business to replace Decree 107/2018 and Decree 01/2025, marks the first time such a credit rating mechanism has been suggested.

Việt Nam proposes credit rating system for rice exporters

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/19/451181_5275146964197150_8e5e4875c5164f481607.jpg" alt=""></figure></td></tr><tr><td>French Ambassador to Việt Nam Olivier Brochet speaks at the&nbsp;seminar on France’s experience in developing legal frameworks for international financial centres on Thursday. VNS Photo Khánh Linh&nbsp;</td></tr></tbody></table></figure>HÀ NỘI — French Ambassador to Việt Nam Olivier Brochet has stressed that Việt Nam, with its impressive economic growth and strategic location, must effectively leverage its legal framework to build internationally competitive financial centres.Speaking at a seminar on France’s experience in developing legal frameworks for international financial centres (IFC) in Việt Nam on Thursday, Brochet said the country has a unique opportunity to transform HCM City and Đà Nẵng City into attractive, competitive and secure financial hubs.According to the ambassador, Việt Nam is emerging as a promising candidate to become one of Southeast Asia’s leading financial centres, thanks to its economic momentum, geographic advantages, and ongoing reform efforts.However, he also outlined three key challenges that Việt Nam must address in order to realise this vision.The first challenge, he said, is building a robust and appealing legal framework. To create a financial ecosystem that meets international standards while respecting local conditions, Việt Nam needs to modernise its legal documents and streamline administrative procedures to convince investors.The second challenge is establishing an effective governance and dispute resolution mechanism. Governance must recognise the roles and interests of all stakeholders, from regulators to businesses and investors. Only with transparent, fair and efficient governance can the market send positive signals and create the trust and stability necessary for capital inflows, he said.The third, and perhaps most difficult, challenge is talent development. Major IFCs worldwide are distinguished not only by infrastructure and technology, but also by their pool of experts, Brochet said. Through cooperation with universities and specialised training programmes, Việt Nam can build a workforce capable of meeting the requirements of a global financial hub.He confirmed that France stands ready to accompany Việt Nam in this process, helping HCM City and Đà Nẵng become exemplary, innovative and attractive financial centre in the future.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/19/451182_5275147098711726_058a7896f5f57fab26e4.jpg" alt=""></figure></td></tr><tr><td>Delegates at the&nbsp;seminar. VNS Photo Khánh Linh</td></tr></tbody></table></figure>At the seminar, Đào Thanh Hương, deputy director General of the Foreign Investment Agency under the Ministry of Finance, emphasised that establishing IFC is one of Việt Nam’s strategic breakthroughs. This is widely considered to be a new pathway to mobilise resources for economic development and connect Việt Nam with global financial markets.Building an IFC is unprecedented in Việt Nam, she noted, and these centres are not merely places for financial transactions but also spaces where capital, talent, technology and legal frameworks converge. They must operate under market principles and global competition while ensuring national governance and financial security.Việt Nam is shifting from a management mindset to an enabling approach, moving from legal framework creation to controlled piloting, according to Hương. This aims to create a distinctive institutional space to attract global capital and technological expertise, providing fresh momentum for growth.She also highlighted the key features of the National Assembly's Resolution 222 on establishing IFC in Việt Nam, which offers not only special policy mechanisms but also strict risk management and oversight measures.Hương stressed that Việt Nam seeks France’s partnership in the design, operation and governance of these centres, and called for support in connecting major investors and attracting capital and financial services from France and Europe to Việt Nam.Việt Nam aims to establish and put into operation IFC&nbsp;in HCM City and Đà Nẵng by the end of 2025. The HCM City-based IFC, covering nearly 800 hectares, is expected to begin operations later this year, with work underway to complete the necessary institutional, infrastructure and labour-related frameworks. In Đà Nẵng, a 22-storey building with a total area of 27,000 square metres in Software Park 2 has been designated as the headquarters for the city’s IFC. — VNS

French Ambassador to Việt Nam Olivier Brochet has said Việt Nam is a promising candidate to become one of Southeast Asia’s leading financial centres, thanks to its economic momentum, geographic advantages and ongoing reform efforts.

Harnessing legal framework will help create competitive int'l financial centres: ambassador

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/19/451175_IMG_5377.jpg" alt=""></figure></td></tr><tr><td>Gia Bảo Corporation&nbsp;Joint Stock Company officially opens the Bà Tư Bình Phước Agricultural and Food Processing Factory&nbsp;in&nbsp;Đồng&nbsp;Nai Province on September 19. —&nbsp;Photo coutersy of the company</td></tr></tbody></table></figure>ĐỒNG NAI — Gia Bảo Corporation Joint Stock Company on Friday inaugurated the Bà Tư Bình Phước Agricultural and Food Processing Factory in Đồng Nai Province, aiming to strengthen Việt Nam’s cashew industry and raise the value of farm produce.Built on 20,000sq.m in Đồng Tâm Commune, the factory has a designed capacity of 4,000 tonnes a year. It will process cashews, macadamia nuts and other nutrient-rich products to meet growing domestic and global demand.Speaking at the opening, Gia Bảo CJSC chairman Trần Văn Sơn said the factory’s first phase was completed in nine months thanks to local support. “From semi-manual roasting to oil-free processing and products like cashew milk and snacks, we believe the factory will open green horizons for Đồng Nai and rural communities nationwide,” he said.The plant is expected to create jobs, enhance processing quality, and add value to Vietnamese agricultural products while advancing the company’s 3F (Farm–Factory–Food) ecosystem strategy.Vice chairwoman of Bình Phước Ward’s People’s Committee Hoàng Thuý Vũ said the project reflects the locality’s support for enterprises. “The presence of Gia Bảo CJSC in Đồng Nai is a vivid testament to the entrepreneurial spirit and aspiration of Vietnamese businesses to reach further,” she noted.Founded in 2010 and inheriting the “Bà Tư Bình Phước” brand established in 1987, Gia Bảo CJSC has affirmed its role in processing and exporting cashews and other farm produce. At the event, the company also launched the “Bà Tư Đồng Nai Cashew Industrial Cluster” project and signed a strategic partnership with Taiwan’s GeDeng Company to boost exports to Taiwan and Southeast Asia.Gia Bảo introduced a community initiative, “Livelihood under the Cashew Canopy,” in cooperation with the Việt Nam Food Bank Network and local partners. The project promotes intercropping, contract farming, organic practices, and cooperatives to ensure sustainable livelihoods for hundreds of farming households in Đồng Nai, with plans to expand nationwide. — VNS

The Bà Tư Bình Phước Agricultural and Food Processing Factory&nbsp;on Friday (September 19)&nbsp;officially opened its doors in the southern province&nbsp;of Đồng&nbsp;Nai (formerly&nbsp;Bình Phước&nbsp;Province) to advance a sustainable cashew industry&nbsp;and boost Việt Nam’s farm produce value.

New cashew, agro-food processing factory opens in Đồng Nai

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/19/451155_B%C3%A0i%20H%C6%B0ng%20Y%C3%AAn%2002-P1.jpg" alt=""></figure></td></tr><tr><td>Liên Hà Thái - A pioneering industrial park within the Thái Bình Economic Zone. VNA Photos Thế Duyệt</td></tr></tbody></table></figure>HƯNG YÊN - With strong support from the local government, the zone is poised to become a dynamic, modern economic powerhouse contributing significantly to Việt Nam’s socio-economic development.A pillar of the Red River Delta economyEstablished in 2017, the Thái Bình Economic Zone covers over 30,500ha&nbsp;across two districts of the former Thái Bình province. Planned to include 22 industrial parks spanning 8,020ha, the zone also encompasses a seaport, a power generation centre, tourism and resort areas, aquaculture and coastal protection forests, residential and urban zones, as well as administrative zones.Currently, five industrial parks — Liên Hà Thái, Tiền Hải, Hải Long, VSIP Thái Bình, and Hưng Phú — are operational or under development, achieving an average occupancy rate of 46 per cent.Liên Hà Thái Industrial Park, covering nearly 590ha&nbsp;and developed by Green i-Park Joint Stock Company, is the flagship project designed to catalyse investment and establish the economic zone as a provincial growth engine.Mai Đăng Khoa, Director of the Site Clearance Department at Green i-Park Joint Stock Company, reported that, thanks to close collaboration with local authorities, Liên Hà Thái Industrial Park has completed site clearance on over 587ha, reaching a completion rate of more than 99 per cent.Meanwhile, Đặng Thị Hiệp, Sales Director of Green i-Park Joint Stock Company, stated that by August 2025, the industrial park had attracted 44 investors, including 40 foreign direct investment (FDI) projects, with a total registered capital approaching US$1.6 billion. The park’s occupancy rate is close to 52 per cent. To date, nine projects have completed construction and commenced operations, while five additional projects are progressing rapidly and are expected to become operational shortly.Since its launch in 2021, Liên Hà Thái Industrial Park has generated substantial industrial output and created thousands of jobs for both local and migrant workers, fueling new service sectors and accelerating the shift from purely agricultural employment to industry, cottage industry, trade, and services.Similarly, the VSIP Thái Bình Industrial Park, spanning 333.4ha&nbsp;in what is now Đông Thụy Anh commune of the new Hưng Yên Province, with a total investment of approximately $212 million&nbsp;by the Việt Nam-Singapore Urban and Industrial Development JSC, remains a strategic pillar within the zone.Speedy investment for long-term growthFollowing the July 2025 merger of the former Hưng Yên and Thái Bình provinces, the new Hưng Yên Province now spans over 2,500sq.km&nbsp;and has a population exceeding thee&nbsp;million.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/19/451158_B%C3%A0i%20H%C6%B0ng%20Y%C3%AAn%2002-P2.jpg" alt=""></figure></td></tr><tr><td>A panorama of the centralized wastewater treatment plant at the Liên Hà Thái Industrial Park.&nbsp;</td></tr></tbody></table></figure>The Hưng Yên Department of Finance reports that, post-merger, the province has fast-tracked zoning plans for 13 functional areas covering 8,300ha&nbsp;within the economic zone, incorporating tourism, resorts, golf courses, high-tech aquaculture, and other industries. Approximately 30 detailed plans for investment projects have also been approved.Ongoing planning efforts include Thái Đô 1 Industrial Park, the expanded Tiền Hải Industrial Park, Thụy Lương Industrial Park, and the Cồn Vành ecological urban resort.Targeting 10.5 per cent economic growth in 2025, Chairman of the Hưng Yên Provincial People’s Committee, Nguyễn Khắc Thận, has urged government bodies at all levels to proactively remove obstacles for businesses, accelerate project implementation, and ensure timely operation of ongoing and delayed projects to unlock economic potential and prevent losses.He also calls for a transparent, stable investment climate to attract long-term investors, prioritising high-tech industries, innovation, green and digital transformation, processing and manufacturing, high-tech agriculture, logistics infrastructure, and housing developments, including social housing.In the immediate term, the province is focused on expediting land clearance for major public investment projects, aiming for full disbursement of public investment funds in line with planned capital allocations. VNS

Situated within the newly formed Hưng Yên province, the Thái Bình Economic Zone stands as one of the most vital coastal economic areas in the Red River Delta in particular, and Việt Nam in general. Its strategic location — close to major economic centres such as Hà Nội, Hải Phòng, and Quảng Ninh — positions it as a crucial nexus linking northern economic zones.

Thái Bình Economic Zone to become key coastal economic hub of Hưng Yên

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/12/449629_5269120175260804__AI_0291.JPG" alt=""></figure></td></tr><tr><td>Director of the agriculture ministry's Animal Health and Production Department Dương Tất Thắng speaks at a press conference in Hà Nội on September 12.&nbsp;— Photo courtesy of the organiser</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam’s Premier International Feed, Livestock and Meat Industry Show (Vietstock 2025) is set to return this year at the Saigon Exhibition and Convention Centre&nbsp;in HCM City from October 8 to 10.Hosted by the Department of Animal Health and Production under the Ministry of Agriculture and Environment, Vietstock 2025 is organised by Informa Markets, with a strategic focus on science, technology, innovation and digital transformation for a sustainable livestock industry.Speaking at a press conference on September 12, Director of the Animal Health and Production Department Dương Tất Thắng said that Vietstock 2025 will be the key platform for industry professionals to showcase innovations, engage in meaningful dialogue and tackle pressing challenges within the livestock industry across Việt Nam and the ASEAN region.“Vietstock will be a platform where industry leaders, policymakers, scientific experts and businesses come together to share knowledge, explore new technologies, address challenges and drive sustainable growth in the livestock sector. The event also fosters comprehensive collaboration, enhances competitiveness and supports the sustainable development of Việt Nam’s livestock industry,” said Thắng.Now in its 13th edition, Vietstock 2025 will feature 13,000sq.m of exhibition area, bringing together&nbsp;300 exhibitors&nbsp;and&nbsp;13,000 trade visitors&nbsp;and professionals from&nbsp;40&nbsp;countries and regions. This impressive scale promises businesses valuable opportunities to connect, collaborate and take a leading role in the rapidly growing livestock sector.&nbsp;Vietstock 2025 offers a comprehensive overview of the modern livestock value chain. The exhibition will provide an immersive experience showcasing a diverse range of products, services and cutting-edge technologies in the sector, including equipment, technology and engineering solutions; animal nutrition, genetics and care; production and trade support services; and livestock products and market access.<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/12/449631_5269122413130252_VN.JPG" alt=""></figure></td></tr><tr><td>The Vietnam Pavilion area attracted many domestic and international visitors at last year's Vietstock Expo.&nbsp;— Photo courtesy of the organiser</td></tr></tbody></table></figure>Vietstock 2025 is scheduled to host over 70 knowledge sessions, conferences, technical seminars and specialised forums, providing in-depth knowledge and the latest technological trends in the livestock sector. The series of specialised conferences will focus on antimicrobial resistance (AMR), swine, ruminants and dairy, waste-to-value, animal health and welfare, the egg value chain, livestock emissions control and many other topics.Việt Nam’s livestock sector is facing a growing threat from AMR, mainly caused by the misuse and overuse of antibiotics. In response to this challenge, the Antimicrobial Resistance Forum will be held for the first time at this year's expo. Led by top industry experts, the forum will provide valuable practical insights and actionable strategies aligned with international efforts to combat the issue.According to the Ministry of Agriculture and Environment, the livestock industry has made remarkable strides amid technological advancement and international integration, accounting for more than one-quarter of Việt Nam’s agricultural sector. This year, the sector has set a specific growth target of 5.7 per cent to 5.98 per cent.In the first half of 2025, Việt Nam’s livestock industry recorded stable growth, putting itself in a good position to continue expanding in the final months of the year. The industry has rebounded rapidly as animal diseases came under control. The swine herd grew by 3.8 per cent to around 29.5 million heads, while the poultry population rose by 4 per cent to over 600 million.Strong market prices for livestock and poultry have enabled farmers to reinvest and improve herd quality. In contrast, the buffalo herd declined by 3.4 per cent and the cattle herd by 0.6 per cent, reflecting a structural shift toward higher-value livestock.Beyond meeting domestic demand, the country’s livestock products are also exported, with export value reaching US$264.4 million in the first half of 2025, up 10.1 per cent year-on-year.Along with these positive developments, Việt Nam’s livestock sector still faces some challenges, including small-scale and fragmented production with limited added value, heavy dependence on imported feed materials and adverse impacts from climate change. — VNS

Now in its 13th edition, Vietstock 2025 will feature&nbsp;13,000sq.m of exhibition area, bringing together&nbsp;300 exhibitors&nbsp;and&nbsp;13,000 trade visitors&nbsp;and professionals from&nbsp;40&nbsp;countries and regions.

Vietstock 2025 set to take place in HCM City on October 8

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/12/449258_b718d157e3781a264369.jpg" alt=""></figure></td></tr><tr><td>There are currently about 334 paper packaging companies nationwide, with more than 100 FDI companies and over 200 domestic companies.&nbsp;—&nbsp;Photo&nbsp;vtcnews.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;—&nbsp;The paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10 per cent until 2030.According to a newly released report by FiinGroup, the paper packaging market has maintained double-digit growth for many years, despite a slight decline in 2023.However, the outlook for 2030 indicates that the industry will continue to recover and grow steadily, driven by both domestic consumption and export demand.There are currently about 334 paper packaging companies nationwide, with more than 100 FDI companies and over 200 domestic companies. The market remains fragmented, with the top 10 largest companies accounting for only about 30 per cent of the market share.FDI companies often have advantages due to large capital, modern technology, automated production&nbsp;and participation in the global supply chain.Meanwhile, most domestic companies operate at medium and small scales, with limited capital and semi-automated production lines, primarily serving the domestic market.One of the key growth drivers for the paper packaging industry is the boom in e-commerce. FiinGroup's report forecasts that the size of Việt Nam's e-commerce market will reach US$60 billion by 2030, leading to a massive demand for corrugated cartons used for shipping.Additionally, the F&amp;B sector, with its rapid expansion of retail chains and food delivery services, is also driving up the demand for paper packaging.Pharmaceuticals represent another promising sector, with spending expected to increase by 47 per cent from 2021 to 2027, requiring packaging that meets safety standards and clear printing.At the same time, textiles and electronics, key export industries, are expected to continue their recovery starting in mid-2024, further strengthening the demand for paper packaging for logistics purposes.FiinGroup evaluates the growth prospects for Việt Nam's&nbsp;packaging paper industry as very promising. The fragmentation of the market not only creates competitive pressure but also opens up opportunities for investors to enter through M&amp;A or capacity expansion. —&nbsp;VNS

According to a newly-released report by FiinGroup, the paper packaging market in Việt Nam has maintained double-digit growth for many years, despite a slight decline in 2023.

E-commerce booms, packaging paper industry benefits significantly

<figure class="table"><table><tbody><tr><td><figure class="image image-style-align-center"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/12/448915_evn.jpg" alt=""></figure></td></tr><tr><td>Workers of EVN checking the transmission system.&nbsp;The Ministry of Industry and Trade has proposed a two-part electricity tariff for large customers starting from the beginning of next year.&nbsp;— VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — The Ministry of Industry and Trade has proposed piloting a two-part electricity tariff for large customers starting early next year, with a nationwide rollout planned for August 2027.The proposal, outlined in a draft decision currently open to public comment, splits the electricity bill into two parts: a fixed fee based on registered capacity and a variable charge based on actual energy consumption.At present, Việt Nam applies a single-part pricing system where users pay a fixed fee regardless of consumption, which the ministry says does not fully reflect the electricity sector’s costs, including infrastructure maintenance.The pilot will be implemented in four phases. The first phase, from now until mid-2026, will test the two-part pricing with industrial customers engaged in direct power purchase agreements (DPPA) with renewable energy producers and large electricity users in production and business.In the second phase, from January to June 2026, authorities will issue parallel invoices without requiring payment to all pilot participants and provide guidance on the new pricing system.From July 2026 to July 2027, the system will be tested in practice to monitor demand changes, customer behaviour, and electricity sales revenue, and to study necessary adjustments to the tariff structure.The ministry will study expanding the two-part tariff to more customer groups from August 2027.Vietnam Electricity (EVN) will be responsible for proposing the pricing and submitting it to the ministry for implementation following the roadmap.At a conference on Monday, EVN General Director Nguyễn Anh Tuấn said the pilot should first be implemented for large customers who use at least 200,000 kWh per month and are connected at 22kV or higher. There will be around 7,000 such enterprises, who are also subject to DPPA. Residential customers will not be included at this stage due to the requirement to invest in new metering systems.In the initial phase, the mechanism will apply to large users without exception. Later, peak and off-peak pricing will ensure greater fairness, Minister of Industry and Trade Nguyễn Hồng Diên said.Most countries have already applied a two-part electricity tariff to encourage efficient energy use while easing the pressure to invest in new generation capacity and grid expansion.Nguyễn Huy Hoạch from the Institute of Energy said the mechanism will ensure fairness for industrial and commercial users.Energy expert Ngô Đức Lâm said two-part pricing is necessary to implement DPPA and move towards a competitive electricity market. — VNS

A two-part electricity tariff is&nbsp;a billing system where the total charge to a consumer is split into two distinct components, including a fixed fee for registered capacity and a variable charge based on the actual amount of energy consumed.&nbsp;

Ministry proposes two-part electricity tariff to be piloted from 2026

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/5/448191_5263197772467276_Bo1_Anh1.JPG" alt=""></figure></td></tr><tr><td>Representatives of VPBank and&nbsp;OneConnect, a financial technology company under Ping An Group, signed the agreement. — Photo courtesy of the bank</td></tr></tbody></table></figure>HÀ NỘI — VPBank on Friday officially signed a cooperation agreement with OneConnect, a financial technology (fintech) company under Ping An Group, to build a next-generation core banking system.The system is capable of processing up to one billion transactions per day, a first for the Vietnamese banking industry, and will bring a seamless, fast and safe experience to millions of individual and corporate customers nationwide.Under the agreement, OneConnect will partner up with VPBank and its wholly owned subsidiary GPBank to deploy a next-generation core banking system. The platform will help VPBank and GPBank effectively manage the bank's main operations, from opening accounts, making savings deposits and borrowing capital to providing payment services and managing customer information.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/5/448192_5263198342096773_Bo1_Anh2.jpg" alt=""></figure></td></tr><tr><td>VPBank is a pioneer in Việt Nam's digital transformation. — Photo courtesy of the bank</td></tr></tbody></table></figure>A major highlight of the new system is its outstanding processing speed. It can handle up to 10,000 transactions per second and one billion transactions per day quickly and stably, while ensuring data security according to international standards.&nbsp;This feature helps customers feel secure using online banking services anytime and anywhere without worrying about risks, providing a seamless, convenient and safe experience. The outstanding processing capacity will help VPBank and GPBank prepare to meet skyrocketing transaction demands in the future, as the number of customers and the scale of online transactions surge.Working with OneConnect will also help VPBank and GPBank bring new digital products to the market faster. As a result, customers will soon gain access to more modern services, such as opening accounts quickly and easily on the phone, applying for loans online or using personal expense management tools. Small- and medium-sized enterprises (SMEs) will also benefit from convenient financial solutions that save time and costs.Speaking at the signing ceremony, VPBank CEO Nguyễn Đức&nbsp;Vinh said: "The implementation of the new-generation digital banking system not only helps VPBank improve its competitiveness in the digital era, but also affirms its leading position in financial technology in Việt Nam."&nbsp;"Mastering core technology means that VPBank can proactively innovate, build multi-functional and sustainable banking services and be ready to meet the increasing needs of customers."The agreement also marks an important turning point in VPBank's comprehensive digital transformation journey, helping the bank improve its competitiveness and uphold its leading position in Việt Nam's fintech sector.&nbsp;GPBank's involvement also confirms the synergy in the entire VPBank ecosystem, aiming to maximise the efficiency of technology investments and expand the scale of customer services. Mastering core technology will create a solid foundation for VPBank and GPBank to continue to innovate, develop sustainably and bring optimal experiences to customers. The partnership on the core banking system is the first step for many more strategic cooperation activities anticipated between VPBank and OneConnect in the future.OneConnect Chairman Dang Yang Chen said: "With global experience in financial technology and the ability to deploy large-scale digital banking systems, OneConnect believes that this new solution will help VPBank improve operational efficiency, expand its ability to serve millions of customers every day and continue to affirm its brand as a leading innovative bank in Việt Nam."While expanding cooperation with major global names, VPBank continues to uphold its leading position in financial technology, mastering core technology and aiming for a versatile and sustainable digital banking model. This important partnership once again contributes to VPBank's positioning as an innovative bank, ready to meet the increasing needs of customers and the market.OneConnect Financial Technology (OCFT) is a member company of Ping An Group, with more than 30 years of experience specialising in providing comprehensive financial technology solutions for the banking and insurance sectors.&nbsp;OCFT helps customers transform digitally by improving operational efficiency and service quality as well as minimising costs and risks through the integration of technology and business.OneConnect has expanded its operations to more than 20 countries and territories, achieving many prestigious international awards for innovation, such as IDC's Global Fintech Top 100, the Wu Wen Jun Award for AI Science and Technology and more than 80 international professional awards, as well as earning CMMI5 international certification for software development processes.As one of the first joint stock commercial banks in Việt Nam, VPBank has maintained a sustainable growth rate over the past 32 years. Currently, VPBank is among the leading commercial banks in terms of total assets, operating efficiency and profits, with a strong presence in the retail and SME segments.As of June 30, VPBank's total consolidated assets reached more than VND1.1 quadrillion, putting it among the largest joint stock commercial banks in Việt Nam. The bank is also among the leading banks in terms of capital base, with total equity of more than VND152 trillion, a solid foundation for long-term and sustainable growth.&nbsp;VPBank is also a pioneer in digital transformation to bring customers the best and fastest financial products and services. — VNS

The system is capable of processing up to one billion transactions per day, a first for the Vietnamese banking industry, bringing a seamless, fast and safe experience to millions of individual and corporate customers nationwide.

VPBank, Ping An partner on billion-transaction core banking system

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/5/448188_7beadaa6c7ef2eb177fe.jpg.jpg" alt=""></figure></td></tr><tr><td>The decision targets that by 2030, the development of technology, equipment, and industrial products for wastewater treatment will supply 70-80 per cent of domestic demand and export. — Photo kinhtemoitruong.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— Deputy Prime Minister Trần Hồng Hà on Thursday approved&nbsp;a programme for the development of the environmental industry for the 2025-30 period.It aims to turn the&nbsp;the environmental industry into an important economic sector, contributing to environmental protection and promoting green growth.According to the Decision No. 1894/QĐ-TTg, by 2030, the system of policies for the environmental industry will be reviewed and completed to create a legal framework for the formation and development of recycling industrial parks and clusters as a foundation to lead and promote the development of the environmental industry.To form and develop recycling industrial zones and clusters, the State management agencies will introduce preferential policies and investment support. Enterprises, which receive technology transfer, buy and sell patents and software and&nbsp;will also enjoy incentives.Authorities aim to attract foreign investment in the sector, moving towards exporting technologies, equipment&nbsp;and products in which Việt Nam has advantages.By 2030, Việt Nam aims to meet most domestic needs in environmental technology: 70-80 per cent for wastewater treatment, 60-70 per cent for exhaust gas treatment&nbsp;and 50-60 per cent for solid and hazardous waste management, while also boosting exports.The country will also expand the environmental goods market, improve the quality and competitiveness of local products, strengthen suppliers, and promote trade to support green growth, emission cuts and the circular economy. &nbsp;— BIZHUB/VNS

The programme aims to develop the environmental industry into an important economic sector, contributing to environmental protection and promoting green growth.

Government approves environmental development programme

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/9/5/448177_381aff19e5544588a7d618cb444c0f67-9783.jpg" alt=""></figure></td></tr><tr><td>This change reflects the trend of tightening fiscal discipline and the State's efforts to effectively manage debts. Photo vneconomy.vn</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam is reaping the rewards of fiscal prudence, with public debt figures falling sharply over the past five years, offering breathing room for the State budget and signalling improved financial security.According to a newly released report from the Ministry of Finance, the country’s public debt has dropped from 55.9 per cent of GDP in 2020 to just 34 per cent in 2024 — well below the statutory ceiling.The national public debt report for the 2020–24 period reveals that government debt accounted for 31.8 per cent of GDP in 2024, a significant reduction from 49.9 per cent in 2020.Government-guaranteed debt declined to 2.2 per cent, while local government debt held steady at approximately 0.6 per cent of GDP.The Ministry of Finance attributed this shift to tighter fiscal discipline and improved debt management by the State. Beyond the overall reduction, the report noted a clear slowing in public debt growth, laying a more stable foundation for budgetary balance.External borrowing has also been curbed. The country’s foreign debt-to-GDP ratio dropped from 47.9 per cent in 2020 to 27.9 per cent in 2024, further reducing reliance on overseas loans and enhancing national financial security.The pressure of debt servicing has eased as well.The Government’s debt repayment obligations fell from 21.2 per cent of State budget revenue in 2020 to 18.9 per cent in 2024. This ratio is considered a key indicator of repayment pressure, and maintaining a low and downward trend is seen as vital for long-term fiscal sustainability.However, the report also noted that the country's foreign debt repayment obligation compared to the export turnover of goods and services recorded an increasing trend from 5.7 per cent in 2020 to 7.8 per cent in 2024.Although this increase has not created much pressure, it reflects the fact that Việt Nam needs to continue to promote exports and maintain a stable trade balance to ensure room for debt repayment in the long term. — BIZHUB/VNS

Việt Nam's public debt ratio has nearly halved over the past five years, from 55.9 per cent of GDP in 2020 to 34 per cent in 2024, far from the prescribed cap.

Debt relief as Việt Nam keeps figures in check

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/22/445258_f7618daea1e748b911f6.jpg.jpg" alt=""></figure></td></tr><tr><td>Việt Nam currently has 76 enterprises in the Fortune 500 Southeast Asia list, with some SOEs holding high positions. Photo cafef.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— Việt Nam aims to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding US$1 billion each by 2030, according to a finance ministry strategy on developing the State economic sector.The goal is stated in a political report from the Party Committee of the Ministry of Finance (MoF) submitted to the MoF’s Party Congress for the 2025-30 term, according to the MoF's news portal.Also cccording to the plan, five years from now,&nbsp;the SOE sector aims to see at least 25 SOEs with equity or capitalisation values exceeding $1 billion, of which 10 SOEs will have equity or capitalisation values exceeding the $5 billion mark.Việt Nam currently has 76 enterprises in the Fortune 500 Southeast Asia list, with some SOEs holding high positions.The report notes that by the end of 2024, the total assets of 671 SOEs reached more than VNĐ5.6 quadrillion (about $215 billion), up 45 per cent compared to 2023. Both revenues and pre-tax profits of the SOEs also showed good growth, with nearly VNĐ3.3 trillion and VNĐ227.5 trillion recorded, respectively.To promote the State economy, the Government is developing a State Economic Development Project to effectively use public resources and contribute to achieving a double-digit growth target.In the 2026-30 period, Việt Nam aims to achieve GDP growth of at least 10 per cent per year, an average income of $8,500, public debts of around 45 per cent of GDP and inflation of 4-4.5 per cent.Registered FDI is expected to be $200-300 billion, with a localisation rate of more than 40 per cent by 2030. — BIZHUB/VNS

Việt Nam's finance ministry hopes to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding US$1 billion each by 2030.

Việt Nam aims to see 30 SOEs with billion-dollar revenue by 2030

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/22/445344_t3-1796-2393.jpg.png" alt=""></figure></td></tr><tr><td>More flights are being offered for the upcoming National Day holiday compared to last year. - Photo sggp.org.vn</td></tr></tbody></table></figure>HCM CITY — The national carrier Vietnam Airlines will operate nearly 2,900 flights with 600,000 seats from August 29 to September 3 for the National Day holiday, over 100,000 more seats than last year.Vietnam Airlines and Pacific Airlines offer tickets for flights from August 30 to September 3 in economy class starting at VNĐ2.2 million/one-way (US$83.5) on the HCM City–Hà Nội route.Most fares range from VNĐ2.2 million to VNĐ2.8 million, depending on flight time, lower than VNĐ2.7–3.7 million in early August.Vietjet offers one-way tickets from VNĐ2.2 million for passengers flying from southern provinces to Hà Nội for National Day.Bamboo Airways and Vietravel Airlines apply similar prices, giving passengers more choices in peak season.Lê Nam, a passenger in HCM City told Người Lao Động (Labourer)&nbsp;Newspaper that he bought a business trip ticket to Hà Nội&nbsp;for VNĐ2 million, cheaper than his friends who booked two weeks earlier.According to airlines, prices are dropping because the number of flights has increased&nbsp;dramatically.For the domestic market, Vietnam Airlines is providing&nbsp;about 418,000 seats, up 30 per cent from last year, focusing on key routes such as Hà Nội – HCM City, Hà Nội – Đà Nẵng, and flights to Cam Ranh, Đà Lạt and Huế.In addition, Vietjet is adding&nbsp;nearly 10,000 seats, equal to 50 flights during the four-day celebration.These extra flights are spread across busy domestic tourist routes such as HCM City – Hà Nội, Đà Nẵng, Nha Trang, Phú Quốc and Huế. —&nbsp;VNS

Vietnam Airlines will operate nearly 2,900 flights with 600,000 seats from August 29 to September 3 for the National Day holiday, over 100,000 more seats than last year.

Vietnam Airlines to operate 2,900 flights during Việt Nam’s National Day

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/22/445335_5251104417028101_business.jpg" alt=""></figure></td></tr><tr><td>Production activities at An Phu Printing and Garment Co&nbsp;Ltd&nbsp;in Hưng Yên. — VNA/VNS Photo Trần Việt</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam is crunching the numbers — literally — as it gears up for its most ambitious economic census yet, set to begin in January 2026.With digital tools and administrative data at the forefront, the survey aims to provide the most comprehensive snapshot of the nation’s economic activity to date.Conducted under Decision No. 2837/QĐ-BTC recently issued by the Minister of Finance, the 2026 Economic Census will cover a broad range of economic units nationwide. These include corporations, companies, enterprises, cooperatives, People’s credit funds, non-public service units, associations, individual non-agricultural, forestry and fishery production and business establishments, religious and belief establishments&nbsp;and branches and representative offices of foreign enterprises and non-governmental organisations operating in Việt Nam.The census will gather data across five key categories: unit identification and classification; production and business conditions such as labour, assets and capital sources; performance indicators including products, revenue and costs; the extent of science and technology application, digital economy and e-commerce; and in-depth thematic information for policy-making and analysis.For the first time, Việt Nam will integrate existing administrative data sources and apply information technology throughout the entire census process –&nbsp;from data collection to processing and synthesis. This approach is expected to reduce operational costs, enhance efficiency&nbsp;and ensure the accuracy and transparency of the final results.Information collection will be conducted in two phases.Phase 1, from&nbsp;January 5 to March 31, 2026, will focus on individual non-agricultural, forestry and fishery production and business establishments, cooperatives&nbsp;and religious and belief establishments.Phase 2, from 1 April to 31 August 2026, will survey enterprises, non-public service units, associations, unions, business establishments under administrative agencies and public service units, as well as foreign branches and non-governmental organisations.To oversee the effort, the Prime Minister will establish a central steering committee, which will coordinate the census nationwide with the involvement of the Ministry of Finance, Ministry of National Defence, Ministry of Public Security, Ministry of Home Affairs&nbsp;and local governments. Steering committees will also be set up at provincial and commune levels to ensure consistency and thorough implementation.Preliminary results are expected in January 2027, with full official data to follow in the third quarter of 2027. Findings from the census will support the development of socio-economic policies aligned with Việt Nam’s current and future priorities. — BIZHUB/VNS

Việt Nam will launch the 2026 Economic Census in January next year to develop a comprehensive overview of production and business activities across all economic sectors nationwide.

Counting on growth as economy readies for 2026 census

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/8/439842_FABLAB.jpg" alt=""></figure></td></tr><tr><td>A dedication ceremony on the first semiconductor advanced packaging laboratory project at Đà Nẵng City's Software Park No 2. The project will be built with an investment of VNĐ1.8 trillion (US$72 million). Photo courtesy of Quốc Vương</td></tr></tbody></table></figure>ĐÀ NẴNG – Local VSAP LAB joint-stock company held a dedication ceremony for the first advanced semiconductor packaging laboratory project in the central city’s Software Park No 2, a key step in the development of the semiconductor and AI industry.The city said the project, which will be built on 2.288sq.m with an investment of VNĐ1.8 trillion (US$72 million), plans to begin construction in the third quarter of 2025 with the aim to be operational in the fourth quarter of 2026.Co-founder and CEO of VSAP LAB Nguyễn Bảo Anh said the project will provide 10 million products in different fields of high-tech industries, including semiconductors and AI, each year.The project will focus on the development of new advanced packaging technology including Fan-out Wafer Level Packaging (FOWLP), silicon Interposer, silicon bridge and prototype production on wafer, wafer bonding and lithography, Anh said.Minister of Science and Technology Nguyễn Mạnh Hùng stressed the project is a flexible co-operation between the State and business, setting a foundation for high-quality human resources and integration of the packaging technology in the global value chain of semiconductors.The Đà Nẵng Semiconductor and AI Centre (DSAC), in co-operation with Sovico Group, Synopsys, and TreSemi from the US, has begun a training course for the first 38 learners in Very-Large-Scale Integration Physical Design at the park.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/8/439843_FABLAB2.jpg" alt=""></figure></td></tr><tr><td>Minister of Science and Technology Nguyễn Mạnh Hùng discusses with local businesses in the semiconductor industry at Đà Nẵng City's Software Park No 2. Photo Quốc Vương</td></tr></tbody></table></figure>Đà Nẵng City has been co-operating with Arizona State University in providing training courses in microchip design and in Assembling, Testing and Packaging (ATP).The city and global tech giant NVIDIA have been jointly planning the establishment of a centre dedicated to AI training, research, and application across key sectors including healthcare, education, manufacturing, and smart city.Đà Nẵng is preparing a strategic plan on the development of semiconductor and AI industries in the Master Plan 2030-45 for the next decade.A series of Memorandums of Understanding (MoUs) on semiconductor and AI co-operation, manpower training and working spaces has been signed among investors, including Qualcomm, Taiwan Semiconductor Research Institute (TSRI), Synopsys and Marvell.To date, 14 businesses are operating chip design and semiconductor facilities in the city, including Synopsys, Uniquify, Renesas, Synapse (now Quest Global), Sannei Hytechs, Mixel Việt Nam, Marvell Việt Nam, Sibridges Việt Nam, Ideas2Silion Việt Nam, FPT Semiconductor, Viettel Hi-Tech and Acronics.Đà Nẵng has four centralised information technology (CIT) zones, including Đà Nẵng Software Park, Đà Nẵng IT Park, FPT Complex and Software Park 2, attracting a total staff of 53,000 working across a variety of digital industries. VNS

Local VSAP LAB joint-stock company began a dedication on the first semiconductor advanced packaging laboratory project in the central city’s Software Park No 2, making it a first move in the development of the semiconductor&amp;AI industry.

Local business starts advanced packaging lab project

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/8/442350_5239169321197137_mb.jpg" alt=""></figure></td></tr><tr><td>National Assembly Chairman Trần Thanh Mẫn addresses the “Meet Japan – Mekong Delta region” event in Cần Thơ city on Friday. — VNA/VNS Photo</td></tr></tbody></table></figure>CẦN THƠ — National Assembly Chairman Trần Thanh Mẫn has called on Japanese firms to invest in key sectors in Việt Nam including supporting industries, high technology, digital transformation, clean energy, and smart agriculture.Addressing the “Meet Japan – Mekong Delta region” event in Cần Thơ city on Friday, the NA leader highlighted that the relationship between Việt Nam and Japan remains a model of successful bilateral cooperation, grounded in over 50 years of political trust, cultural affinity, and shared historical ties.He noted that Japan is home to a thriving community of more than 600,000 Vietnamese nationals - the second-largest foreign community in the country, while over 2,500 Japanese enterprises are actively operating in Việt Nam.The leader underscored the strategic importance of the Mekong Delta, dubbed Việt Nam’s "rice bowl" as it produces approximately half of the country’s total rice output and accounts for 95 per cent of rice exports, 65 per cent of aquaculture production, and 70 per cent of national fruit yield.Despite its vast potential, the region continues to face a series of critical challenges including the escalating impact of climate change, limited workforce, underdeveloped transport and logistics infrastructure, the absence of a supportive industrial ecosystem, and weak regional linkages, he said.He reiterated Việt Nam’s consistent view of Japan as a top-tier strategic partner, particularly in the fields of economy, investment, and technology transfer.Expressing appreciation for Japan’s long-standing support through Official Development Assistance (ODA), the Chairman highlighted landmark projects such as the Cần Thơ Bridge - a powerful symbol of bilateral friendship, and the upgrade of Cần Thơ University, alongside numerous initiatives across other Mekong Delta localities.NA Chairman Mẫn urged both governments and business communities to deepen strategic cooperation.Emphasising the need for sustainable, long-term collaboration, he called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.He reiterated Việt Nam’s ambition to become an upper-middle-income country by 2030 and achieve high-income status by 2045. In this journey, he affirmed, the Mekong Delta will play an indispensable role in the nation’s sustainable development strategy, particularly in the context of climate change adaptation.He welcomed alignment between Việt Nam’s development goals and Japanese initiatives such as the Asia Energy Transition Initiative (AETI) and the Asia Zero Emissions Community (AZEC), noting that these frameworks could find strong partnerships within the Mekong Delta, especially in renewable energy and environmental protection projects.The top legislator stressed that the NA and Government are committed to placing people at the centre of national progress, and will not trade off social equity or inclusive development for short-term economic growth.He also expressed strong confidence that ongoing institutional reforms, including administrative streamlining, governance efficiency, anti-corruption measures, and comprehensive public sector reform, will provide a favourable environment for foreign investment, particularly from Japanese enterprises looking to expand in Việt Nam and the Mekong Delta.He called for Japanese businesses to take an active role in building sustainable value chains, thereby contributing to the shared prosperity of both nations.Secretary of the Party Committee of Cần Thơ Đỗ Thanh Bình said that the new city was officially established from July 1, merging the former Cần Thơ with the former provinces of Hậu Giang and Sóc Trăng. This restructuring marks a transformative step in the development trajectory of the Mekong Delta, solidifying Cần Thơ’s role as a dynamic growth pole in the Southwest subregion, he said.He underlined that Cần Thơ is ready for a new era of growth - more efficient, more transparent, and more deeply committed to working alongside investors and enterprises.Meanwhile, Chairwoman of the Japan-Việt Nam Parliamentary Friendship Alliance Obuchi Yuko commended Việt Nam’s impressive economic performance, which continues to outpace its peers in ASEAN and affirms its growing importance in global supply chains. She noted that the two countries celebrated the 50th anniversary of diplomatic relations in 2023, and that the Vietnamese community in Japan continues to grow in both size and influence.Obuchi Yuko also highlighted the success of recent cultural exchanges, particularly the Việt Nam Festival in Tokyo, which drew over 140,000 attendees and brought the vibrancy of Vietnamese culture to the Japanese public in a lively and engaging manner. She added that the ongoing Expo 2025 in Osaka–Kansai, attracting around 10,000 visitors each day, reflects a strong and growing public interest in the cultures of both countries.As head of the parliamentary friendship alliance, she pledged to continue fostering deeper ties between lawmakers in both nations, with the aim of elevating the Việt Nam–Japan partnership to a new level.Throughout the conference, leaders from provinces and cities across the Mekong Delta, along with representatives from Japanese and Vietnamese businesses and investment groups, engaged in discussions on the development potential of localities and identified practical pathways to enhance future collaboration. — VNA/VNS

Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Trần Thanh Mẫn called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.

Việt Nam encourages Japanese firms to invest in key sectors: NA leader

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/8/442355_5239183881823065_8ltliilq.png" alt=""></figure></td></tr><tr><td>Investors follow stock market movements. — Photo baochinhphu.vn</td></tr></tbody></table></figure>HÀ NỘI — Strong selling pressure towards the end of the morning session pushed the VN-Index down more than 12 points. In the afternoon, the market rebounded into positive territory, though the gains were modest as leading stocks gradually lost momentum.At the close on Friday, the VN-Index finished at 1,584.95 points, up 3.14 points, or 0.2 per cent.Market breadth was slightly positive with 177 gainers and 155 decliners. Liquidity rose 11.3 per cent from the previous session to VNĐ49.1 trillion (approximately US$1.87 billion).Meanwhile, the VN30-Index dropped 5.77 points, or 0.33 per cent, to 1,729.08 points. Within the VN30 basket, there were 18 decliners, 11 gainers and one stock that ended flat.Vingroup shares rose 1.7 per cent and VPBank gained 2.1 per cent, despite both experiencing mild corrections during the session. Since the beginning of August, VIC and VPB have accumulated gains of 11 per cent and 15 per cent respectively, with some sessions hitting the ceiling.Aside from these two large-cap stocks, the blue-chip group saw rather negative movements. The market’s focus continued to shift towards mid-cap stocks. All 15 stocks that hit their ceiling prices on HoSE today were outside the VN30 basket, with notable names including PDR, CII, PVD, HAG and GEE. Cash flow continued to seek stocks with specific growth stories rather than concentrating solely on leading groups.Foreign investors increased their net selling to about VNĐ834 billion, offloading large amounts of BID, SSI, HPG, FPT and VCB. On the other hand, they net bought more than VNĐ100 billion worth of VPB, GEX, CII, DCM and CEO.After a sharp correction last week, the market has posted consecutive gains throughout this week. However, intraday volatility remained present. Liquidity continued to stay at high levels, indicating that cash flow remained active.According to Vietcombank Securities (VCBS), the market continued to show momentum to move towards higher points during the week. Although stock groups have shown signs of divergence, the active rotation of capital has allowed the VN-Index to maintain its points and gradually consolidate support levels.With the current trend, VCBS recommended that investors realise partial profits on stocks experiencing strong supply at high price zones.At the same time, investors may select stocks entering an uptrend from long-term accumulation zones, or those showing signs of successfully testing support after a correction, to open positions when the VN-Index sees volatility next week. — VNS

At the close on Friday, the VN-Index finished at 1,584.95 points, up 3.14 points, or 0.2 per cent.

Selling pressure weighs on stocks as VN-Index pares gains

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/1/440945_gg.JPG" alt=""></figure></td></tr><tr><td>An expert from Google shares&nbsp;how AI is changing the marketing sector at Google Marketing Live event in HCM City on Friday. – Photo courtesy of Google</td></tr></tbody></table></figure>HCM CITY – AI-powered marketing solutions are revolutionising marketing practices, enabling marketers to enhance efficiency by achieving higher growth while reducing costs, experts affirmed at&nbsp;Google Marketing Live.As Google's premier annual advertising and commerce event that&nbsp;made its debut in Việt&nbsp;Nam&nbsp;in HCM City on Friday, the event&nbsp;aimed to&nbsp;support Việt Nam's rapidly expanding digital landscape.The event attracted more than 250 marketers and agencies nationwide.Experts at the event emphasised that marketers leveraging AI-powered marketing strategies have seen a substantial 65 per cent increase in revenue growth. Furthermore, the integration of AI has enabled marketers to lower costs by 15 per cent, with production times reduced by at least 30 per cent.Đoàn&nbsp;Xuân Lập, product&nbsp;manager&nbsp;of Printerval, highlighted a company's&nbsp;successful marketing campaign that benefited from AI-powered solutions.&nbsp;The campaign led to a threefold increase in brand searches, while immediate sales during the season saw a significant 7 per&nbsp;cent surge. Additionally, brand awareness spiked by an impressive 23 per&nbsp;cent.A representative&nbsp;of Shopee Vietnam&nbsp;at the event shared her company’s success story, emphasising how&nbsp;an&nbsp;AI-powered marketing&nbsp;solution&nbsp;contributed to a 23 per cent reduction in cost-per-order, along with a remarkable 49 per&nbsp;cent increase in return on investment compared to conventional campaigns.Việt Nam's digital economy is poised to achieve a gross merchandise value of up to US$200 billion by 2030, and&nbsp;2025 marks a pivotal time for companies to optimise growth through AI-powered marketing strategies, the experts stressed at the event.AI-powered marketing has gained widespread adoption across various sectors in Việt&nbsp;Nam.&nbsp;For example, Google announced at the event that Google Search, with over two&nbsp;billion users and five&nbsp;trillion annual global searches, continues to be instrumental in connecting users with information. Features like AI Overviews, now accessible to over two&nbsp;billion users, offer concise answers to complex queries directly within Google Search results.&nbsp;Additionally, AI-powered Search tools such as Google Lens, Circle to Search, and AI Mode on Search are expanding how users explore information.Rolling out in Việt&nbsp;Nam&nbsp;later this year, YouTube Creator Partnership Hub, a new tool in Google Ads, will make it easier than ever for brands to discover and collaborate with YouTube creators.&nbsp;YouTube, as the top video platform in Southeast Asia, maintains its leading position in Việt&nbsp;Nam.&nbsp;With over 55 million users aged 18+ reached in May 2025, YouTube garners more than 90 per cent of the nation's online population. YouTube Shorts, the most utilised short-form video platform in Việt&nbsp;Nam, records over 200 billion average daily views globally, with a high engagement rate among Vietnamese users.Moreover, the YouTube Shopping affiliate programme, introduced in late 2024, enables viewers to make direct purchases from videos, Shorts, and live streams, transforming YouTube into a dynamic shopping destination and creating new revenue streams for creators and businesses alike.A significant step for Vietnamese businesses is the upcoming pilot launch of Google’s Click-to-Zalo feature.&nbsp;Recognising that 77&nbsp;per cent&nbsp;of consumers are more likely to purchase if they can chat directly with a business, Google has partnered with Zalo,&nbsp;Việt Nam's leading messaging platform, to uncover new ways for consumers to reach businesses more efficiently.&nbsp;The initiative allows customers searching on Google to instantly connect with a merchant's official Zalo&nbsp;account, fostering personalised conversations and driving conversions. The pilot programme is currently open to a small set of pre-selected businesses. — BIZHUB/VNS

AI-powered marketing solutions are revolutionising marketing practices, enabling marketers to enhance efficiency by achieving higher growth while reducing costs, experts affirmed at&nbsp;Google Marketing Live.

AI is changing marketing, boosting efficiency

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2025/8/1/440950_9467.jpg" alt=""></figure></td></tr><tr><td>Representatives at the signing ceremony. —&nbsp;Photo&nbsp;Courtesy of HDBank</td></tr></tbody></table></figure>HCM CITY — HDBank has signed a US$215 million syndicated loan agreement with three leading international financial institutions –&nbsp;the Japan International Cooperation Agency (JICA), FinDev Canada&nbsp;and Sumitomo Mitsui Banking Corporation (SMBC) –&nbsp;to bolster its sustainable finance agenda.The agreement, signed on July 31 in HCM City, marks a significant milestone not only for HDBank but also for the international development finance landscape.This marks one of the first syndicated loan collaborations between FinDev Canada, JICA&nbsp;and SMBC, and stands as one of the largest syndicated loans ever extended by international lenders to a Vietnamese joint stock commercial bank in support of sustainable development goals.Structured into three tranches with tenors of three and five years, the loan will enhance HDBank’s financial capacity and reaffirm its strong commitment to environmental, social and governance (ESG) standards.This capital will be allocated to sectors with high social and economic impact, including green projects, sustainable agriculture&nbsp;and support for small- and medium-sized enterprises (SMEs), women-led businesses&nbsp;and low-income groups through social housing credit programmes.This financing reinforces HDBank’s strategic direction in aligning with global sustainability goals, while also reflecting international confidence in the bank’s performance, vision, and responsible growth strategy.“The participation of JICA, SMBC and FinDev Canada –&nbsp;top-tier financial institutions with a strong development mandate –&nbsp;is a testament to the bank’s credibility and long-term commitment to inclusive and sustainable finance,” said Trần Hoài Nam, deputy CEO of HDBank.The partnership highlights the growing importance of international collaboration in supporting the private sector’s role in delivering on sustainable development objectives, especially in emerging markets like Việt Nam.&nbsp;— VNS

HDBank has signed a landmark&nbsp;US$215 million syndicated loan agreement with three leading international financial institutions, JICA, FinDev Canada and Sumitomo Mitsui Banking Corporation (SMBC),&nbsp;to bolster its sustainable finance agenda.

HDBank secures record syndicated loan from top global lenders

<figure class="image"><img src="https://api.blue-wave.vn/images/6c98fe9ec5926c09cb71a0c38f30aeea_20241107075624.jpg"></figure>The work of most organizations would slow to a crawl without functioning IT systems.Bluewave provides computer-related support, including installation and maintenance of servers and desktop hardware and software; computer equipment standards; equipment and technical support for conferences and meetings; the infrastructure for enterprise resource planning applications and other office automation applications; internet access and file-sharing services; e-mail and groupware services; security for application and server data and protection for the computer environment from viruses, hackers and similar threats.

The work of most organizations would slow to a crawl without functioning IT systems.Bluewave provides computer-related support, including installation and maintenance of servers and desktop hardware and software; computer equipment standards; equipment and technical support for conferences and meetings; the infrastructure for enterprise resource planning applications and other office automation applications; internet access and file-sharing services; e-mail and groupware services; security for application and server data and protection for the computer environment from viruses, hackers and similar threats.

Information Technology (IT)

We’ve been helping brands develop and define their voice since 2019. The times may have changed, but our love for creativity and problem-solving hasn't. We’re driven by technology and innovation to ensure we fulfill our key mission of helping our clients find their successful future.&nbsp;Searching for a professional consultant? Do not lose any time and send Bluewave&nbsp;an email. Because we&nbsp;will provide an incredible aid for your event promotion or your logistics management activities.<figure class="image"><img src="https://api.blue-wave.vn/images/c4ca4238a0b923820dcc509a6f75849b(2)_20241107075544.jpg"></figure>​ Bluewave partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.&nbsp;To succeed, organizations must blend digital and human capabilities. Bluewave’s diverse, professional teams bring deep industry and functional expertise and a range of perspectives to spark change through leading-edge management consulting as well as data science, technology and design, digital ventures, and business purpose.&nbsp;We work in a uniquely collaborative model across the firm and throughout all levels of the client organization to deliver results that help our clients thrive.MissionOur mission is to gather and verify the hard data, expert insights, and actionable advice that you need to build your brand and grow your business – to provide the practical business wisdom that manifests in your success.Contact us if you&nbsp;want:<ul><li>Uncover the answers to your most pressing business questions by surveying business decision-makers and consumers</li><li>Advance your business savvy by gathering the latest business insights, trends, and news</li><li>Help you find the right business services to execute on a big project</li><li>Inspire you with stories of successes and creative problem solving</li></ul>&nbsp;What we believeWhether you want to advance an idea, a capability, or the world at large, Bluewave is with you every step of the way. We excel in the business of human potential, and believe in its power to shape strategic, organizational, economic, societal change, and beyond.Get in touch so that we can kickstart your branding today. <a href="https://api.blue-wave.vn/document/BLUEWAVE%20DA%20FIX_20250310034645.pdf">Corporate capability statement</a>

We’ve been helping brands develop and define their voice since 2019. The times may have changed, but our love for creativity and problem-solving hasn't. We’re driven by technology and innovation to ensure we fulfill our key mission of helping our clients find their successful future.&nbsp;Searching for a professional consultant? Do not lose any time and send Bluewave&nbsp;an email. Because we&nbsp;will provide an incredible aid for your event promotion or your logistics management activities.

About

<figure class="image"><img src="https://api.blue-wave.vn/images/b2f5ff47436671b6e533d8dc3614845d (1)_20241107075645.jpg"></figure>Content can be informational, funny, inspiring or persuasive. But most importantly, it needs to align with your business goals and digital strategy. It connects your business with this audience and nurtures them to the sale – before finally closing the deal and retaining them for another. &nbsp;Bluewave helps you create the right content to promote your business. Our content creation services are integrated into your digital marketing strategy and focus on achieving outcomes – building a brand, converting sales or retaining customers.

Content can be informational, funny, inspiring or persuasive. But most importantly, it needs to align with your business goals and digital strategy. It connects your business with this audience and nurtures them to the sale – before finally closing the deal and retaining them for another. &nbsp;Bluewave helps you create the right content to promote your business. Our content creation services are integrated into your digital marketing strategy and focus on achieving outcomes – building a brand, converting sales or retaining customers.

Content creation

What we do

NEWS

<figure class="image image_resized" style="width:50%;"><img src="https://api.blue-wave.vn/images/c81e728d9d4c2f636f067f89cc14862c(1)_20241107075658.jpg"></figure>Companies which are aiming to grow internationally and expand into global markets need to develop a business plan for their Indirect Channel to reach their potential buyers and to achieve this they must contact those Partners which best adapt to their company’s aims and strategy.At Bluewave, we can guide and assist you in developing a strategy that will help you stand out in the crowd and establish yourself as a valuable asset to both hosting partners and clients alike.&nbsp;Bluewave will grow your network of resellers while strengthening relationships with existing ones. Our distribution channel development strategies help you to connect with more resellers and to maximise the value of your existing relationships.&nbsp;Benefits of Bluewave's Channel Development:<ul><li style="text-align:justify;">Increase sales beyond the reach of your salesforce in a variety of markets and segments.</li><li style="text-align:justify;">Development of an efficient approach to potential markets.</li><li style="text-align:justify;">Investment in partners with the greatest chance of success.</li><li style="text-align:justify;">Grow your reputation throughout the territory.</li></ul>If you’re ready to focus on channel development marketing, get in touch with our team today. We’ll be with you every step of the way.

Companies which are aiming to grow internationally and expand into global markets need to develop a business plan for their Indirect Channel to reach their potential buyers and to achieve this they must contact those Partners which best adapt to their company’s aims and strategy.At Bluewave, we can guide and assist you in developing a strategy that will help you stand out in the crowd and establish yourself as a valuable asset to both hosting partners and clients alike.&nbsp;Bluewave will grow your network of resellers while strengthening relationships with existing ones. Our distribution channel development strategies help you to connect with more resellers and to maximise the value of your existing relationships.&nbsp;Benefits of Bluewave's Channel Development:<ul><li style="text-align:justify;">Increase sales beyond the reach of your salesforce in a variety of markets and segments.</li><li style="text-align:justify;">Development of an efficient approach to potential markets.</li><li style="text-align:justify;">Investment in partners with the greatest chance of success.</li><li style="text-align:justify;">Grow your reputation throughout the territory.</li></ul>If you’re ready to focus on channel development marketing, get in touch with our team today. We’ll be with you every step of the way.

Channel development

&nbsp;<figure class="image"><img src="https://api.blue-wave.vn/images/8ce4b16b22b58894aa86c421e8759df3_20241107075725.jpg"></figure>We analyse data to discover how your digital assets really work. Then through testing and adjustment, we'll make them work harder for your business.Website optimisation is a central part of a digital strategy. Because in the digital world, nothing is permanent. Your business changes. The market changes. Technology changes. And customers change.Optimisation works in tandem with your other digital services. We analyse website analytics. Run user tests. And employ best-practice conversion tactics. All these combine with marketing and development to help you reach your business goals.

We analyse data to discover how your digital assets really work. Then through testing and adjustment, we'll make them work harder for your business.Website optimisation is a central part of a digital strategy. Because in the digital world, nothing is permanent. Your business changes. The market changes. Technology changes. And customers change.Optimisation works in tandem with your other digital services. We analyse website analytics. Run user tests. And employ best-practice conversion tactics. All these combine with marketing and development to help you reach your business goals.

Website optimization

<figure class="image"><img src="https://api.blue-wave.vn/images/d95679752134a2d9eb61dbd7b91c4bcc (1)_20241107075802.jpg"></figure>Our management consulting services focus on our clients' most critical issues and opportunities: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers &amp; acquisitions and sustainability across all industries and geographies.Bluewave brings deep, functional expertise, but are known for our holistic perspective:- We capture value across boundaries and between the silos of any organization.- We have proven a multiplier effect from optimizing the sum of the parts, not just the individual pieces.

Our management consulting services focus on our clients' most critical issues and opportunities: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers &amp; acquisitions and sustainability across all industries and geographies.Bluewave brings deep, functional expertise, but are known for our holistic perspective:- We capture value across boundaries and between the silos of any organization.- We have proven a multiplier effect from optimizing the sum of the parts, not just the individual pieces.

Consulting services

<figure class="image"><img src="https://api.blue-wave.vn/images/11d8c28a64490a987612f2332502467f (1)_20241107075814.jpg"></figure>In today’s business environment, strategy is more important than ever.At Bluewave, we offer creative solutions that have helped thousands of companies develop and execute winning strategies that create more value in their business. We work collaboratively with you, so you can:- Achieve sustained, profitable growth.- Develop a corporate strategy that supports end-to-end value creation, taking advantage of our broad expertise and world-class capabilities in business strategy, corporate finance, Micro-battles System, private equity transactions, organization and more.- Lead your company to its full potential, today and in the future, by making key decisions on where to play and how to win in your core business as you also build new engines of growth.- Develop digital strategies that align with your core strategy and propel you to a leadership position as digital reshapes your industry.- Leverage the power of proven tools and techniques that facilitate nimble experimentation and quick-hit problem resolution, recapturing the insurgent mindset that powered your company in its early days. Combine the talents of your commercially oriented and creative team members, the doers and the dreamers, to conceive and execute the bold new ideas that will fuel your strategy.

In today’s business environment, strategy is more important than ever.At Bluewave, we offer creative solutions that have helped thousands of companies develop and execute winning strategies that create more value in their business. We work collaboratively with you, so you can:- Achieve sustained, profitable growth.- Develop a corporate strategy that supports end-to-end value creation, taking advantage of our broad expertise and world-class capabilities in business strategy, corporate finance, Micro-battles System, private equity transactions, organization and more.- Lead your company to its full potential, today and in the future, by making key decisions on where to play and how to win in your core business as you also build new engines of growth.- Develop digital strategies that align with your core strategy and propel you to a leadership position as digital reshapes your industry.- Leverage the power of proven tools and techniques that facilitate nimble experimentation and quick-hit problem resolution, recapturing the insurgent mindset that powered your company in its early days. Combine the talents of your commercially oriented and creative team members, the doers and the dreamers, to conceive and execute the bold new ideas that will fuel your strategy.