Business News

To date, Việt Nam has signed 16 FTAs with over 60 of the world’s major markets and three are under negotiation. The Ministry of Industry and Trade is developing a roadmap for negotiations and signings of free trade agreements (FTAs) over the rest of the year that must be reported to the Prime Minister within this month. The task is part of the Resolution No 124/NQ – CP issued after the Government’s regular April meeting.

Deputy Prime Minister Nguyễn Chí Dũng has signed a decision to officially establish the Bình Dương Centralised IT Zone, covering 15.47 hectares within the Bình Dương Industrial – Service – Urban Complex in Hòa Phú Ward, Thủ Dầu Một City. The zone, which will operate in accordance with Decree 154/2013/NĐ-CP, including such key functions as IT infrastructure development, support for research and development, training and the production of software, digital content and IT services.

By the end of April, Việt Nam’s total export turnover reached US$140.34 billion, an increase of 13 per cent compared to the same period in 2024. The export situation in the early months of 2025 has continued to show promising signs, as Vietnamese enterprises have not only maintained their market share with traditional partners but have also actively expanded into new markets.

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Eleven new social housing projects were completed nationwide in the first quarter, adding 4,155 social housing units to the market, according to the Ministry of Construction. These projects account for 4.14% of the annual target set by the prime minister. In addition, construction permits were issued for eight more projects with a combined 12,650 units.

HCMC plans to develop 14 new industrial parks with a total area of 3,833 hectares from now until 2033. The HCMC Export Processing and Industrial Zones Authority (HEPZA), in coordination with Binh Chanh District, held a conference on May 9 to announce the city’s industrial park development plan for the 2021-2030 period with a vision to 2050, and investment attraction strategies for 2025.

Việt Nam’s economy continued to show resilience and dynamism in the first four months of 2025, maintaining its position among the world’s fastest-growing economies, despite heightened global uncertainties. With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8 per cent or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.