Developing private sector a correct policy: top legislator
National Assembly Chairman Vuong Dinh Hue affirmed that developing the private sector is a correct policy during his visit to Truong Hai Group (THACO) as part of a working trip to the central province of Quang Nam on July 27.
National Assembly Chairman Vuong Dinh Hue visits Truong Hai Group (Photo: VNA)
Quang Nam (VNA) – National Assembly Chairman Vuong Dinh Hue affirmedthat developing the private sector is a correct policy during his visit toTruong Hai Group (THACO) as part of a working trip to the central province ofQuang Nam on July 27.
Describing THACO as a success story of Vietnamese enterprises, Hue said thesuccess testifies to the correctness of the Party and State’s policy to developthe private sector.
Thegroup’s total revenue topped 60 trillion VND (2.6 billion USD) in 2021,including 239 million USD from exports. THACO paid over 20.5 trillion VND tothe State coffer last year, and over 17.9 trillion VND in the first half ofthis year.
The NA leader presents gifts to THACO’s trade union organization and THACO employees who are family members of war invalids, war martyrs and Heroic Mothers (Photo: VNA)
The NA Chairman suggested THACO intensify research anddevelopment (R&D) and participate deeper in regional and world value chains.
Responding to the group’s proposals, Chairman Hue asked NA agencies to reviewpolicies and regulations on taxation and consider the issuance of a thematicresolution on industrialization.
On the occasion, the NA leader presented gifts to THACO’s tradeunion organization and THACO employees who are family members of war invalids,war martyrs and Heroic Mothers./.
The shortage of raw materials due to the COVID-19 pandemic has disrupted supply chains, raised logistics costs and lengthened transportation time, making many businesses to face difficulties in production.
The THACO Automotive Interior Components Manufacturing Company recently shipped over 59,000m of hydroponic plastic pipes to Israel, completing the order of 122,600m of the product from Liba B.G Yeda Co., Ltd.
The car body component plant of THACO Industries, a member of Truong Hai Group, is planning to export more than 25,000 sets of KIA Carnival boots to Malaysia between 2022 and 2026.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.