VIETNAM: NEW ERA

In the first six months of 2025, over 91,200 new businesses were registered nationwide (up 11.8%), while more than 61,500 businesses resumed operations (up 57.2%). This brought the total number of newly established and reactivated businesses to over 152,700, a 26.5% increase compared to the same period in 2024.

The country’s three major network providers – Viettel, VNPT and MobiFone – have so far deployed around 11,000 5G base stations, equivalent to 7.7% of existing 4G stations. These stations now cover all provinces and cities, reaching approximately 26% of the population.

As of 30 June 2025, total foreign investment - including newly registered capital, adjusted capital, and capital contributions/share purchases - reached 21.52 billion USD, up 32.6% year-on-year. Out of 72 countries and territories with newly licensed projects, Singapore led the way with 2.41 billion USD, accounting for 25.9% of newly registered capital.

Prime Minister Pham Minh Chinh delivered a speech at the high-level discussion on “Strengthening Multilateralism, Economic–Financial Issues, and Artificial Intelligence” at the expanded BRICS summit 2025 held in Rio de Janeiro on July 6 (local time).

At the invitation of Brazilian President Lula da Silva, Prime Minister Pham Minh Chinh and his spouse led a high-level Vietnamese delegation to attend the expanded BRICS Summit 2025 and conduct bilateral activities in Brazil from July 4-8. This marks Vietnam’s first participation in a BRICS Summit as a Partner Country — a multilateral cooperation mechanism among emerging economies with growing economic and political influence.

The Vietnamese Government will create all favourable conditions for Brazilian investors to cooperate and invest successfully and sustainably in the Southeast Asian country, Prime Minister Pham Minh Chinh has said.

The restructuring of provincial-level administrative units is more than just an organisational reform — it's a strategic move shaped by a long-term, century-spanning vision.

The total export value of agricultural, forestry, and fishery products was estimated at 33.5 billion USD in the first six months of this year, up 14.3% compared to the same period last year, according to the Ministry of Agriculture and Environment.

Provincial authorities must promptly allocate additional personnel to communes, wards and special areas which lack professional staff to ensure effective operations, the Party chief said.

The number of newly registered enterprises set a record high in June, surpassing 24,000, more than double the average during the 2021–2024 period.

As of June 28, a total of 264,522 dilapidated and makeshift houses have been eliminated nationwide through support programmes. Of these, 229,328 houses have been completed and handed over to beneficiaries, contributing significantly to improved living conditions for disadvantaged households across the country.

According to the Ministry of Industry and Trade (MoIT), export turnover alone is projected to reach 215–217 billion USD, up approximately 13.8–14%. This results in an estimated trade surplus of 3.4–4 billion USD.

According to the Politburo’s resolution on breakthroughs in science, technology, innovation, and national digital transformation, Vietnam has set ambitious targets for 2030. The country aims to achieve advanced capabilities in science, technology, and innovation across several key fields, ranking among the leading nations in theupper-middle-income group.  

The Law on Archives 2024 and its guiding documents, which took effect on July 1, 2025, provide a comprehensive legal foundation for the management of electronic documents. This framework supports the implementation of strategic, breakthrough decisions by the central government on restructuring the two-tier local administration system.

In the newly-released 2025 Global Peace Index (GPI), Vietnam has climbed one place to rank 38th with an overall score of 1.721.

From July 1, 2025, Vietnam officially implements the two-tier local administration model nationwide, comprising the provincial and commune levels. This marks a significant milestone in the country’s administrative reform process, setting the course for sustainable and long-term development.

This is the era of those who are willing to take bold actions, make decisions, and serve the nation. Vietnam does not choose the easy path but the right path. And it is this path, with the Party as the guide and the people as the creators, that will lead the country to its glorious destination: A strong, prosperous, and happy Vietnam, capable of standing shoulder to shoulder with world powers, as President Ho Chi Minh had always wished.

On June 5, 2025, the Michelin Guide Vietnam held its annual award ceremony to honour culinary establishments in Hanoi, Ho Chi Minh City, and Da Nang. This year, nine restaurants across the country have earned the prestigious one-star MICHELIN distinction – a mark of high-quality cuisine, well worth a stop!

Party General Secretary To Lam stressed the need for the people to be served faster and better while inspecting the implementation of the two-tier local administration model in Xuan Hoa ward and Tan Vinh Loc commune in Ho Chi Minh City on June 29.

A ceremonial ringing of bells and drums will be conducted on July 1 that marks the official start of operations of newly-established localities following mergersand the implementation of a two-tier local government model across the country. It is to pray for national peace, solidarity, and prosperity.