Vietnam, Estonia should act as bridges to foster regional cooperation: PM

Vietnamese investors have primarily focused on the production and distribution of electricity, gas, hot water, steam, and air conditioning, which accounted for 35% of total outbound investment. This was followed by manufacturing and processing industries (22.7%) and transportation and warehousing (15.9%).

The O Mon 4 Thermal Power Plant will bring Petrovietnam’s total installed capacity to over 9,3000 MW, accounting for around 10% of the country’s total power capacity. Once completed, the plan will provide clean and stable power to the national grid and contribute to promoting the economic growth.

Quang Ninh is an ideal strategic partner in the areas where Belgium has outstanding advantages, from clean energy, agricultural processing, and logistics to smart city building, said Andries Gryffroy, First Vice President of the Belgian Senate and President of the Belgian Vietnamese Alliance.

The agreements were signed as part of a working visit by a delegation from Vietnam’s Ministry of Agriculture and Environment to the states of Iowa, Ohio, and Maryland, and Washington D.C., from June 2 to 6.

In their proposals, VinSpeed plans to implement the North-South high-speed railway project in five years while Thaco, seven years.

"Made in Vietnam" supporting industry products have gained trust from major global corporations like Samsung, LG, Honda, and Toyota. Many domestic firms have become suppliers of key parts in global product chains.

Vietnam's textile and footwear sector targets annual export growth of 7.5–8% from 2021 to 2025, with turnover expected to reach 50–52 billion USD by 2025 and 68–70 billion USD by 2030.

The country's export earnings grew by 14% while its imports rose by 17.5%, resulting in a trade surplus of 4.67 billion USD during the five-month period.

The volume of goods transported in the four-month period reached 189 billion tonnes, marking an 11.5% increase year-on-year. This includes substantial growth across various sectors, specifically aviation by 14.5%; road, 15.7%; waterway, 12.1%; seaway, 11%; and railway, 5.5%.

For the first five months of 2025, the CPI increased by 3.21% from the same period last year, while core inflation went up 3.1%.

Many banks have established green transition steering committees, embedded the ESG criteria in their business strategies, and expanded funding for environmentally-friendly sectors.

Enterprises must not exploit the current supply shortage to inflate prices, create artificial values, or circulate unverified information to incite speculation and profiteering, which could destabilise the market. ​

When large private enterprises of Vietnam participate in urban railway projects, they are expected to make big changes to progress, giving HCM City the opportunity to build an urban railway network in a fast, quality, and cost-saving manner.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,242 VND/USD and the floor rate 23,742 VND/USD.

Although e-commerce is rapidly developing in Vietnam, this sector is facing a severe manpower shortage. With the current explosive growth, the demand for e-commerce human resources is rising quickly and will continue to accelerate.

“Non-cash payment is not just a transaction method but a strategic foundation connecting all components of the digital economy,” an official from State Bank of Vietnam's payments department told the media during a press conference on the launch of HCM City’s Cashless Day programme.

Experts highlight that foreign investment contributes to GDP growth through three main channels - increasing capital accumulation, facilitating technology transfer and enhancing management efficiency and production organisation.

During this period, the country’s total trade turnover hit 355.79 billion USD, up 15.7% from last year's figure.

They insisted that the role of SOEs has become increasingly important in maintaining macroeconomic stability, guiding the market, and delivering on national strategic objectives.

Quang Nam has gradually affirmed its position as a green tourism destination in the region and globally. This success is demonstrated through ASEAN tourism awards, green tourism certification from Travelife, the recognition of the World Tourism Organisation for Tra Que vegetable village.