Prime Minister Nguyen Xuan Phuc hosted separate receptions in Hanoi on October 3 for Youn Chul Kim, President of Hanwha Techwin, and Spencer Damian White, Managing Director of Delta Offshore Energy Pte Ltd.
Receiving Youn Chul Kim, PM Nguyen Xuan Phuc spoke highly of Hanwha Techwin’s plan to expand investment in Vietnam, especially in the field of high technology.
The PM highlighted Vietnam’s high economic growth rate, stable macro-economy, improved business environment and deeper international integration with its participation in many free trade agreements, saying these are attractive opportunities for foreign investors to do business in the country and expand production.
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| Prime Minister Nguyen Xuan Phuc (R) and Youn Chul Kim, President of Hanwha Techwin |
He affirmed that the Government of Vietnam will accompany and create optimal conditions for foreign investors to successfully operate in Vietnam and expected that Hanwha Techwin would become a good example in terms of foreign direct investment in the country.
PM also expressed hope that besides high technology, Hanwha Techwin would invest in other spheres such as smart city and infrastructure. Kim, for his part, said Hanwha is a multinational group and now ranks eighth among companies in the Republic of Korea with total revenue of US$57 billion in 2017.
The group has to date invested around US$800 million in Vietnam with five subordinate companies, he said, adding that it will inaugurate its craft engine manufacturing factory in the country in November.
Kim expressed his wish that the Vietnamese Government would soon grant a certificate recognizing the status of hi-tech business to Hanwha Techwin’s security equipment plant in Bac Ninh province and create favourable conditions for the group to expand operations in the fields of finance, consumption and asset management.
At the reception for Spencer Damian White, PM Nguyen Xuan Phuc applauded Delta Offshore Energy Pte Ltd’s investment in a gas-fueled electricity project in the Mekong Delta province of Bac Lieu, affirming that ministries, sectors and local authorities will support the implementation of the project.
Vietnam has encouraged foreign enterprises to invest in energy projects, including renewable energy projects, he said, adding that Vietnam’s demand for power is on the rise, creating more opportunities for businesses in the field.
White said Delta Offshore Energy will speed up the progress of its project in Bac Lieu once the company receives an investment approval decision.He expected to continue receiving more support from the Vietnamese Government, ministries, sectors and Bac Lieu authorities so that the project can be carried out soon.
Under Document No. 10065/VPCP-KGVX, the Deputy PM agreed with proposals by the Ministry of Home Affairs for a one-day holiday for Vietnamese Culture Day in 2026, and a seven-day Tet holiday and a four-day National Day holiday in 2027.
By 2030, Vietnam aims to rank among the world’s top 40 in the GII; raise total social investment in R&D to at least 2% of GDP, with non-State funding accounting for over 60%; increase international scientific publications by an average of 10% annually; and raise the number of patent applications and granted patents by an average of 16-18% annually.
The State Bank of Vietnam set the daily reference exchange rate at 25,624 VND/USD on October1, down 3 VND from the previous day.
Quang Ninh's GRDP grew 15.04% in the third quarter, also leading the country.
Vietnam needs flexible incentives and specialised green financial instruments, stronger inter-sectoral coordination, improved local governance capacity and a more complete MRV data system, said Ramla Khalidi, Resident Representative of the United Nations Development Programme (UNDP) in Vietnam.
As the country enters a new development phase with greater demands for stronger marine-economy growth, institutional bottlenecks have emerged and need to be addressed.
Experts from the Institute of Vietnam and World Economy under the Vietnam Academy of Social Sciences noted the quality of recent growth as the high growth rate has been recorded against an increasingly higher comparative base.
Vietnam's Halal exports remain modest at around 900 million USD a year, accounting for less than 1% of the global market. Most exports are still raw agricultural and seafood products. Only around 1,000–1,300 Vietnamese businesses obtained or maintained Halal certification during 2024–2026.
Vietnam needs a comprehensive policy framework to remove legal and procedural bottlenecks and create conditions for offshore wind power projects to access long-term investment capital, helping to unlock the country’s substantial offshore wind potential, said insiders.
Under a decision of the municipal People’s Committee on establishing an inter-agency working group, departments and agencies are responsible for identifying facilities subject to greenhouse gas inventories, developing emissions-reduction plans and studying projects capable of generating carbon credits.
According to data from the Vietnam Customs cited by the Vietnam Association of Seafood Exporters and Producers (VASEP), shrimp exports reached 478.5 million USD in August, up 4.2% from the same month last year. The eight-month total stood at 3.3 billion USD, representing a year-on-year increase of 12%.
Vietnam is seen as a potential market, with considerable room for growth in real estate, particularly commercial property, compared with some regional markets. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favourable for Russian investors.
For 2021-2030, the Civil Aviation Authority of Vietnam proposed bringing forward the investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, in order to connect with the aircraft maintenance and repair facility (hangar) planned for the northern area of the airport.
For LNG-fired power to fulfill its role in Vietnam’s energy transition, bottlenecks in institutions, infrastructure, electricity pricing, PPAs, power dispatch and financing must be addressed together.
From policy and infrastructure to industrial real estate, Vietnam’s FDI advantages are broadening towards a more integrated production ecosystem, offering investors a stronger combination of conditions for high-value, technology-intensive and long-term projects.
As trade expands, systemic bottlenecks across transport networks, warehousing, ports, border gates, and industrial zones are becoming more apparent. Experts emphasise the need to shift from a fragmented, project-by-project approach toward strategic management structured around trade corridors and integrated supply chains.
The company will buy non-performing loans from credit institutions and foreign bank branches, recover and dispose of debts and collateral, restructure loans and support lenders in resolving bad debts.
Do Ngoc Hung, Trade Counsellor and head of the Vietnam Trade Office in the US, said what stands out is not only the growth in trade volume but also the increasingly deep economic ties between the two countries.
According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at 2.02 quadrillion VND (77.7 billion USD), equivalent to 80% of the annual estimate and up 16% year-on-year. Domestic revenue reached 1.75 quadrillion VND, accounting for 86.6% of total revenue and rising 16.6%.
Hanoi aims to achieve average annual export growth of at least 12% during 2026-30, with the city seeking to diversify export markets, boost high-tech and value-added products and reduce reliance on traditional markets.