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
VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS
Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.
DONG THAP PROPOSES SEVEN MAJOR INFRASTRUCTURE PROJECTS TO BOOST CONNECTIVITY
Authorities in the Mekong Delta province of Dong Thap have proposed seven major expressway and national highway projects for 2026-2030, with total capital estimated at around VND47.9 trillion. Central government funding is expected to account for the bulk, at about VND45.8 trillion, while the province will contribute more than VND2.1 trillion in counterpart capital.
REALIZED FDI IN Q1 HITS FIVE-YEAR HIGH
During January-March, FDI inflows into Viet Nam showed a strong recovery, reaching US$15.2 billion, up 42.9 percent compared to the same period last year, reported the National Statistics Office. Specifically, Viet Nam licensed 904 new projects with total registered capital of US$10.23 billion, up 6.4 percent in the number of projects and 2.4 times higher in capital volume.
VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050
Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.
VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1
Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.
FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY
According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.
























