Happy Vietnam (VNA)

Strong economic conglomerates drive domestic economic growth

In manufacturing, THACO has built one of Southeast Asia’s largest automobile and mechanical engineering ecosystems in Quang Nam province, while VinFast has become Vietnam’s first electric vehicle producer, establishing a major factory in Hai Phong, listing on Nasdaq and expanding into North America, Europe and Southeast Asia.

Energy sector seen as key pillar for Vietnam’s green, double-digit growth ambitions

Chairman of the Vietnam National Industry-Energy Group (Petrovietnam) Le Ngoc Son said Vietnam’s energy demand will continue rising sharply, creating enormous pressure on power generation investment. To sustain GDP growth of around 10%, electricity demand is expected to increase by 12-15% annually, requiring an additional 7,000-8,000 MW of new capacity each year.

Top Vietnamese leader’s vision puts scientists at core of growth drive

As the country enters a new era, the Party and State have designated sci-tech and and innovation as central priorities, Kiem said, adding that VNU-Hanoi, alongside other higher education establishments, must not only produce high-caliber talents but also function as a hub for knowledge transfer and groundbreaking innovation.

Resolution 68 promotes transparent mechanisms for private sector's growth

The resolution, issued by the Politburo on May 4, 2025, has been viewed by enterprises as an important driver for innovation, digital transformation and business expansion.

Vietnam looks to expand fiscal space to support double-digit growth

Experts emphasise that fiscal policy should move beyond a supportive role to actively lead growth. Continued and selectively expanded tax and fee reductions could directly ease cost pressures on businesses, enabling them to sustain operations and expand investment.

Fight against counterfeit goods fostered amid rising digital-era fraud

Dr. Bui Van Quyen, Director of the Anti-Commercial Fraud and Counterfeiting Institute, warned that counterfeit goods have become a global challenge, exacerbated by the rise of online platforms and digital technologies. While these innovations drive economic growth, they also create fertile ground for fraudulent activities.

Sustained reforms key to maintaining Vietnam’s growth momentum: WB

Despite mounting short-term external challenges, Vietnam’s medium-term economic outlook remains highly positive, with the country expected to continue as one of the region’s growth bright spots.

Reform drive expected to remove barriers, unlock growth momentum

Prime Minister Le Minh Hung recently ordered ministries and agencies to immediately cut at least 30% of administrative procedures, 50% of processing time, 50% of compliance costs and 30% of business conditions, while eliminating all unnecessary procedures.