Policies in Action

Policies in Action

1986 Doi Moi (Renewal): Pivotal turning point in socialist construction

1986 Doi Moi (Renewal): Pivotal turning point in socialist construction

The sixth National Party Congress in December 1986 mapped out the Doi Moi (Renewal) policy and initiated the process of Party-led reforms in Vietnam. This marked a crucial turning point in socialist construction, unleashing national strength and potential to propel the country forward. During the 1986–1995 period, the Party led the reform, abolished the subsidy mechanism, and transitioned to a socialist-oriented market economy, overcoming socio-economic crises and laying a firm foundation for international integration.
NA Chairman pledges strong support for EU-ASEAN investors

NA Chairman pledges strong support for EU-ASEAN investors

The Vietnamese NA would continue to listen to and consider recommendations from the international business community, including European enterprises, as part of efforts to remove barriers, enhance competitiveness and build a flexible, transparent and business-friendly legal system.
No “gaps” or “blind spots” allowed in Party inspection

No “gaps” or “blind spots” allowed in Party inspection

Party General Secretary To Lam stressed that Party inspection and supervision must leave no “gaps” or “blind spots”, while addressing a national conference on November 24 to review inspection, supervision and disciplinary work in 2025 and the 13th tenure.
Vietnam, South Africa upgrade ties to Strategic Partnership

Vietnam, South Africa upgrade ties to Strategic Partnership

Vietnam and South Africa have officially upgraded ties to a Strategic Partnership. The announcement was made during a meeting between Prime Minister Pham Minh Chinh and South African President Cyril Ramaphosa in Johannesburg on 21 November, as part of the former’s visit to the African country to attend the G20 Summit and engage in bilateral activities.
PM chairs urgent online meeting from South Africa on flood response in central region

PM chairs urgent online meeting from South Africa on flood response in central region

In the face of extremely serious damage caused by floods, Prime Minister Pham Minh Chinh, who is now in South Africa to attend the G20 Summit, chaired an urgent online meeting in the early morning of November 23 with leaders of ministries, agencies, and localities on the situation and urgent solutions to respond to floods and natural disasters in some central provinces.
PM proposes three strategic assurances for growth at G20 Summit

PM proposes three strategic assurances for growth at G20 Summit

PM Chinh reaffirmed that Vietnam stands ready to cooperate actively, equally and for mutual benefit with all countries, the G20 and the broader international community for a peaceful, prosperous and sustainable world where development is inclusive and no one is left behind.
RoK’s Hyundai HT to establish first overseas manufacturing subsidiary in VN

RoK’s Hyundai HT to establish first overseas manufacturing subsidiary in VN

The new subsidiary will be located in the Binh Xuyen Industrial Park, with construction expected to be completed in December, and mass production slated to begin in 2026. According to experts, the Binh Xuyen Industrial Park offers strong advantages in transport infrastructure, logistics services and an established network of manufacturing enterprises, which support supply-chain connectivity and partnership expansion.
Vietnam remains ASEAN’s most optimistic consumer market: UOB study

Vietnam remains ASEAN’s most optimistic consumer market: UOB study

Vietnam recorded the highest score on the newly launched UOB ASEAN Consumer Sentiment Index at 67, well above the regional average of 54 and a three-point increase from last year. This reflects sustained confidence among Vietnamese consumers in both the national economy and their personal financial outlook.
Detailed regulations on national housing fund issued

Detailed regulations on national housing fund issued

The decree comprises seven chapters with 27 articles, stipulating the establishment, legal status, operations and financial management of the national housing fund; the receipt, management and use of contributions and assistance from domestic and foreign organisations and individuals; investment activities, the creation and management of rental social housing; inspection mechanisms; and the responsibilities of the fund as well as those of ministries, sectors and local administrations.