The Ministry of Planning and Investment (MPI) should be a national innovation centre and a pioneer in economic reform, Deputy Prime Minister Vuong Dinh Hue said at a teleconference on July 18.
Deputy Prime Minister Vuong Dinh Hue speaks at the conference. (Source: baodautu.vn)
Hanoi (VNA) – The Ministry of Planning andInvestment (MPI) should be a national innovation centre and a pioneer ineconomic reform, Deputy Prime Minister Vuong Dinh Hue said at a teleconferenceon July 18.
The official suggested the ministry set up a working group in charge of reviewinginstitution-related bottlenecks and proposing countermeasures.
He asked the ministry to further improve the legalsystem on investment and business, make progress in public investmentdisbursement, especially official development assistance (ODA) and Governmentbonds, and help to accelerate the implementation of national target programmes.
Other tasks include developing the collective economy, selecting foreigninvestors and soon devising the mid-term public investment plan for 2021-2025,he said.
MPI Minister Nguyen Chi Dung said during the first half of this year, theplanning, investment and statistics sector has taken the lead in innovation andreform in institution and law building, and planning.
He said that the amended Law on Public Investment,compiled by the MoPI, was adopted at the seventh meeting of the 14th NationalAssembly, adding that the ministry will draft important laws.
Besides, the ministry completed many major programmes and projects like the2019 National Population and Housing Census and the White Book on VietnameseBusinesses.
Its project on a sharing economy was also submitted to the Prime Minister forapproval, which is expected to create a foundation for the building anddevelopment of digital economic models in the future.
At the teleconference, representatives of ministries, agencies and localitiespointed out shortcomings in the sector, especially those regarding the implementationof the Planning Law.-VNA
The Ministry of Planning and Investment (MPI) is hastening the effort of cutting business prerequisites in term of quality to ensure the deregulation to truly benefit firms, Minister Nguyen Chi Dung said.
The Ministry of Planning and Investment (MPI) will continue working hard to ensure gross domestic product (GDP) growth reaches 6.8 percent at the end of the year.
The Ministry of Planning and Investment (MPI) is accelerating the compilation of a draft law on investment in the public-private partnership format and another to amend and supplement the Law on Investment and the Law on Enterprises.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Deputy Prime Minister Vuong Dinh Hue speaks at the conference. (Source: baodautu.vn) 
