Vietnamese economy balloons sail for new trips

The theme of the annual external economics conference this year (Vietnam Summit 2016), “Smooth Sailing Ahead,” has reflected the development situation in Vietnam, a country that is heading towards sustainable growth and prosperity.

Speaking to the media on the event, which opened in Ho Chi Minh City on November 3, Standing Deputy Foreign Minister Bui Thanh Son said the conference was held amidst strong development of science and technology that is leading the fourth industrial revolution. 

The world economy continues to recover with a slowing pace while the ASEAN Community became operational in early 2016, opening up a new period in the country’s development, he said.

Standing Deputy Foreign Minister Bui Thanh Son (Photo: VNA)
Standing Deputy Foreign Minister Bui Thanh Son (Photo: VNA)

Regarding the domestic situation, the 12 th National Party Congress was successfully organised in January 2016, ushering in a new chapter in the national development process. 

According to the official, the Vietnam Summit 2016’s agenda reflected the needs and interests of Vietnam as well as the expectations of the international business community for the country’s development in the new context. 

The summit focused on Vietnam’s position in the global economy, especially when the country joins various important economic agreements, directions for the country’s international integration, as well as potential, opportunities and prospects for development in manufacturing. 

Participants also highlighted policies for sci-tech development to encourage innovation and creativity in Vietnam as well as measures to promote the nation’s strengths to step up agricultural industrialisation in a sustainable and modern manner. 

Son said that the event is a good chance for Vietnam to show the international business community the determination of the Party and State to boost economic restructuring and transform the growth model. 

Vietnam also hopes to show case its efforts in building a government that is instrumental to development, improving the investment and business environment and encouraging startups and creativity. 

The conference also introduced the international business community to the nation and people of Vietnam, stated Son. 

He revealed that in 2020, when all 16 free trade agreements between Vietnam and partners are scheduled to take effect, Vietnam will enjoy partnerships with 59 nations, including five permanent members of the UN Security Council, 15 out of 20 G20 countries and many emerging economies. 

This is a significant advantage for Vietnam to draw the interest of enterprises at home and abroad who wish to make full use of the benefits generated by the deals, he noted. 

Son also asserted that through the conference, ministries, sectors and localities as well as the Vietnamese business community could seek partnerships with international investors in areas of shared interest. 

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.