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LEGAL UPDATE / POLICY

VIETNAM TO REQUIRE HEALTH DECLARATIONS FOR ALL CROSS-BORDER TRAVELERS FROM JULY 1

People entering, leaving or transiting through Vietnamese border gates will be required to submit health declarations under Government Decree No. 165/2026/ND-CP, which will take effect on July 1, 2026. The decree was issued to provide detailed regulations and guidance for the implementation of several provisions of the Law on Disease Prevention, including health quarantine requirements for inbound, outbound and transit travelers, the Vietnam News Agency reported.

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VIETNAM ECONOMY INVESTMENT

HCMC SEEKS SOUTH KOREAN INVESTMENT IN FOUR SECTORS

In the next phase of its development, HCMC is prioritizing efforts to attract investment from South Korean businesses in four strategic sectors, including developing an international financial center, building AI and semiconductor ecosystems, expanding the startup and venture capital ecosystem, and advancing smart urban and green growth projects.

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HOSPITALITY / TOURISM / ENTERTAINMENT

CAN THO TARGETS TOURISM REVENUE OF VND22 TRILLION BY 2030

By 2030, the Mekong Delta city of Can Tho looks to attract around 18 million visitors and generate tourism revenue of VND20–22 trillion as it seeks to make tourism a key economic sector contributing at least 10% of the city’s gross regional domestic product (GRDP). The strategic target is outlined in a newly issued resolution by the Can Tho City Party Committee on accelerating tourism development.

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TECHNOLOGY

HCMC TARGETS COMMERCIALIZATION OF OVER 60% OF AI RESEARCH

The HCMC People’s Committee has issued a plan to implement the city’s program on artificial intelligence (AI) research and development for 2026 under the 2020–2030 roadmap. A key target is to raise the rate of direct application and commercialization of AI research outcomes and intellectual property assets to more than 60%.

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VIETNAM ECONOMY INVESTMENT

VIETNAM, INDIA PLAN DIGITAL CORRIDOR TO BOOST BILATERAL TRADE TO US$25 BILLION

Plans to establish a bilateral digital corridor and connect cross-border payment infrastructure between India’s UPI system and Vietnam’s NAPAS network are expected to become a breakthrough solution for businesses in both countries to accelerate trade flows and help lift bilateral trade to US$25 billion by 2030. The strategic initiative was unveiled at the Vietnam – India Cross-Border E- Commerce Business Forum held on May 18 in Noida City, Uttar Pradesh State, India.

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TECHNOLOGY

VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS

Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.

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VIETNAM ECONOMY INVESTMENT

HCMC TARGETS TRACEABILITY FOR 60% OF VEGETABLE FARMS BY 2030

Under a plan recently issued by the HCMC government on developing concentrated safe vegetable production zones through 2030, the city will maintain 5,500 hectares of vegetable farmland, equivalent to 35,000 hectares of cultivated area based on crop rotation, with expected output reaching around 880,000 tons annually.

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BANKING / FINANCE / INSURANCE / TAX

REAL ESTATE FIRMS ACCELERATE BOND SALES

Real estate businesses have stepped up corporate bond issues on the primary market, with value in April surging more than 110% compared to the same period last year. According to a bond market report released by the Vietnam Bond Market Association (VBMA), based on data available as of May 8, one corporate bond issue worth VND2 trillion and belonging to the real estate sector was recorded in early May.


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