VIETNAM: NEW ERA

The Michelin Guide Vietnam 2026 has awarded one Michelin Star to ONVIT, making it the first Korean restaurant in Vietnam to receive the prestigious distinction. Yet behind every Michelin Star lies a much longer story of creativity, consistency, and an unwavering commitment to excellence.

Vietnam’s development track record shows that the “era of the nation's rise” is a political and theoretical marker of a new development phase. It represents a commitment, a rallying cry for progress, and a shared duty of the Party, people, and army to deliver a strong, prosperous Vietnam by 2045.

More than a policy document on foreign-invested economic development, Resolution No. 10-NQ/TW represents a significant shift in Vietnam’s development thinking, from an economy relying heavily on low-cost advantages to one driven by knowledge, technology and endogenous strength.

Prime Minister Le Minh Hung will lead a high-level Vietnamese delegation to attend the Summit commemorating the 35th anniversary of ASEAN–Russia relations and conduct bilateral activities in Kazan, the Russian Federation, from June 16–18. Ahead of the visit, Vietnamese Ambassador to Russia Dang Minh Khoi spoke with VNA correspondents in Moscow about its significance and prospects for bilateral ties.

The Politburo has decided to establish the Central Steering Committee for Foreign Affairs and International Integration, chaired by General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam, under Decision No. 198-QD/TW dated June 10, 2026, with a total of 37 members.

As export markets impose increasingly stringent requirements on quality, food safety and traceability, many Vietnamese farmers are shifting towards organic and sustainable production. The experience of farmers in Ho Chi Minh City shows that improving product quality is key to expanding market access and increasing value.

Vietnam’s outbound investment reached 794.6 million USD in January-May 2026, 2.5 times higher than a year earlier, with construction, energy supply, and transportation and warehousing accounting for the largest shares of overseas investment.

Prime Minister Le Minh Hung, Chairman of the Central Council for Emulation and Commendation, launched a nationwide emulation movement aimed at achieving sustainable double-digit economic growth during the 2026–2030 period in Ho Chi Minh City on June 13.

The second Vietnam–Australia Senior Officials' Dialogue was held in Hanoi on June 11 to review progress in bilateral cooperation and discussing measures to further deepen the Comprehensive Strategic Partnership.

Prime Minister Le Minh Hung called for a comprehensive review of Ho Chi Minh City’s 2026 economic growth scenarios, with a focus on identifying untapped potential across sectors and deploying effective measures to maximise growth in the remaining quarters of the year, particularly in manufacturing, pharmaceuticals, logistics, finance and banking, and other high-value-added industries.

As global consumers place greater emphasis on quality, traceability and sustainability, Vietnam is increasingly looking beyond export volumes and seeking ways to create more value from every bean it produces.

The Global Wind Energy Council (GWEC) has been actively cooperating with Vietnam, which is regarded as one of Southeast Asia’s most promising offshore wind markets, Cuba’s e-newspaper Prensa Latina reported.

Vietnam always values its traditional friendship and comprehensive partnership with Venezuela, said Vietnamese Ambassador to Venezuela Vu Trung My.

Germany views Vietnam as one of its key partners in the Indo-Pacific region, as well as a dynamic partner with significant potential, said State Secretary of the German Federal Foreign Office Geza Andreas von Geyr.

Vietnam registered more than 94,800 new enterprises in January-May 2026, with total registered capital of nearly 1.07 quadrillion VND (approximately 41 billion USD), up 42.1% in number and 64.8% in capital year-on-year.

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Collins Chong Yew Keat, a foreign affairs, security and strategy analyst at the University of Malaya (Malaysia), described AFF 2026 as a valuable platform for fostering long-term strategic thinking, regional trust-building and policy innovation.

With the determination of the entire political system, Resolution No. 06 will soon be translated into practical outcomes, enabling foreign affairs to fully perform its pioneering and strategic role in advancing Vietnam’s aspiration to become a developed, independent, self-reliant and self-strengthening nation in the new era, said top leader To lam.

Chairing a working session on June 10 with the Government Party Committee and relevant agencies reviewing the implementation of Resolution No. 24-NQ/TW, issued by the 11th Party Central Committee, on proactively responding to climate change, strengthening natural resource management and environmental protection, the top leader emphasised that environmental protection and climate adaptation must be integrated into the broader goals of rapid and sustainable development, maintaining high economic growth over the long term, and building a modern economy driven by science and technology, innovation and digital transformation.

As of May 31, 2026, total registered foreign investment in Vietnam, including newly registered capital, adjusted registered capital, and the value of capital contributions and share purchases by foreign investors, reached 24.81 billion USD, up 34.9% compared with the same period last year.