Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA)
Hanoi (VNA)ꦡ – Prime Minister Nguyen Xuan Phuc hasrequested striving for an economic growth of over 5 percent and controllinginflation below 4 percent this year.
Concluding the April Government meeting in Hanoi on May 5, PM Phuc said theGovernment would not accept a growth rate of 2.7 percent as forecast by the InternationalMonetary Fund (IMF).
The Government leader asked ministries, agencies and localitiesto offer support to firms, continue improving business environment, especiallystepping up major projects, including 37 trillion VND (1.6 billion USD) worthof public investment by the Transport Ministry, thus creating a driving forcefor the economy.
He said the Government has agreed to issue a thematic Resolution on tacklingdifficulties faced by businesses, accelerate public investment disbursement,and restoring socio-economic development.
PM Phuc highlighted the need to continue working for the double goals, whileeasing social distancing measures to stimulate production and trade, especiallyin urban and tourist areas, adding that it is now a “golden” time to developservices economy.
He instructed promoting the attraction of foreign and private investment,boosting exports and public capital disbursement, and stimulating domesticconsumption.
The Ministry of Planning and Investment (MoPI) was assigned to work with theFinance Ministry, the Ministry of Industry and Trade, and agencies concerned topromptly update growth scenarios and adjust targets related to State budgetcollection, overspending and public debt.
The MoPI must submit reports to Prime Minister before May 10 so that the PMcould report to the Politburo and the legislature at the upcoming session ofthe legislature this month.
The Government basically agreed with the Ministry of Education and Training’sreport on plans for high school graduation and university entrance exams thisyear.
⭕ Chairpersons of the people’s committees of cities and provinces must beresponsible for the safety of exams in their localities./.
Ho Chi Minh City’s economic growth in the first quarter was only 0.4 percentage points higher than in the same period last year, Nguyen Thanh Phong, Chairman of the municipal People’s Committee, told a recent online meeting.
Forbes magazine in Israel recently ran article entitled “Why should we think more about Vietnam?” that highlighted the country’s political, economic, and diplomatic achievements and its successful fight against COVID-19.
Economic and political reforms under Doi Moi, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world’s poorest nations into a lower middle-income country.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA) 
