Want to be in the loop?
subscribe to
our notification
Business News
“VACCINE PASSPORT” MECHANISM NEEDED TO PROMOTE TRADE, INVESTMENT: PM
Prime Minister Nguyen Xuan Phuc ordered the health, tourism and diplomacy sectors to soon study and issue a "vaccine passport" mechanism in order to promote trade and investment while addressing the Government’s regular meeting on March 31.
The Government leader demanded the health sector to submit a plan on the matter as soon as possible.
Assessing the implementation of the socio-economic development plan in the first three months of the year, the PM said the country witnessed better outcomes in both production and business with many economic indicators continuing to grow in the context that the COVID-19 pandemic has been kept under control.
Accordingly, the nation’s GDP expanded 4.8% in the first quarter, while the State budget revenue increased by over 30.1%. The country enjoyed a trade surplus of over US$2 billion.
The country has well fulfilled the dual goals of containing the COVID-19 pandemic and boosting production and business, he said, attributing the positive results to the engagement of the entire political system and especially the leadership of the Party.
The PM also noted that Vietnam's diplomatic achievements were confirmed and the country's international prestige enhanced.
He asked for more efforts in preventing the COVID-19, promoting bilateral trade and investment, while stressed the need to build plans of actions to implement the resolution of the 13th National Party Congress.
The Prime Minister instructed the Defence Ministry to continue to tighten border management to effectively combat illegal entry in order to prevent COVID-19 abroad from entering Vietnam.
He asked the finance ministry to strengthen budget discipline and cut budget spending, while the banking sector was required to do better in curbing inflation and minimize bad debt.
The Ministry of Industry and Trade should pay more attention to promote the sales of agricultural products for farmers, and the Ministry of Agriculture and Rural Development was tasked with directing the prevention of drought and salinity, he said.
PM Phuc told the Ministry of Transport to continue promoting key projects, especially ensuring that the Trung Luong - My Thuan expressway project is completed in June as scheduled.
Source: VCCI
Related News
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
























