The following is a brief review of the day’s events as reported by the Vietnam News Agency.

Technological innovation, technology transfer, and workforce training form the core strategy for transforming the nature of Vietnam’s economic growth in the coming years, Deputy Prime Minister Ho Duc Phoc remarked at the 17th Vietnam Economic Scenario Forum’s spring 2025 plenary session in Hanoi on January 7.

Vietnamese Deputy Prime Minister Ho Duc Phoc attended and acted as a keynote speaker at a discussion session on restructuring the economic system for a sustainable future, and held bilateral meetings with foreign leaders on October 8 as part of his attendance at the first Hamburg Sustainability Conference (HSC) in Germany.

Deputy Prime Minister Ho Duc Phoc highlighted four priorities of the China - ASEAN cooperation for stable, sustainable, and long-term growth while addressing the opening ceremony of the 21st China - ASEAN Expo (CAEXPO) and China - ASEAN Business and Investment Summit (CABIS) in Nanning city, the Guangxi Zhuang Autonomous Region, on September 24.

The National Assembly on August 26 approved the Government's proposal for the selection of three new Deputy Prime Ministers for the 2021-26 term – at the extraordinary session on personnel matters in Hanoi.

The Minister of Finance emphasized that Vietnam guarantees investors' legitimate rights and interests while continuously improving the business environment to ensure long-term, secure investment operations.

Minister of Finance Ho Duc Phoc has led a delegation of the ministry and Vietnamese enterprises on a two-day working trip to Singapore starting August 5, aiming to step up bilateral cooperation in potential fields.

More than 1.038 quadrillion VND (40.9 billion USD) was collected for the State budget in the first half of 2024, equivalent to 61% of this year’s target and up 17.7% from a year earlier, reported the Ministry of Finance (MoF).

The Government has proposed the National Assembly (NA) allow the use of 18.22 trillion VND (715.6 million USD) sourced from the increased sum of the 2023 central budget collection for 14 public investment projects.

A Vietnamese delegation led by Minister of Finance Ho Duc Phoc and Deputy Governor of the State Bank of Vietnam Pham Quang Dung attended the 11th ASEAN Finance Ministers and Central Bank Governors’ Meeting (11th AFMGM) held in Luang Prabang, Laos, on April 5.

The Ministry of Finance in 2023 implemented flexible and inclusive fiscal policies that are centered on businesses to support their resilience amid global headwinds.

The World Bank (WB) has always been an important partner supporting the Vietnamese Government with financial policy consultations over the past time, Minister of Finance Ho Duc Phoc has said.

Minister of Finance Ho Duc Phoc on November 6 morning reported to the National Assembly that the country's credit rating benefited from a positive outlook from international communities, resulting in an upgrade to “prosperous and stable” or BB+ levels. The rating helps build investor confidence in Vietnam.

The total revenue to the State budget between January and July exceeded 1.01 quadrillion VND (42.53 billion USD), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.

Following the recent launch of the privately-placed corporate bond trading system, Minister of Finance Ho Duc Phoc has said if transparency and safety are ensured, privately-placed corporate bonds will effectively prove their role in mobilising capital for businesses.

A delegation of the Ministry of Finance (MoF) led by Minister Ho Duc Phoc paid a working visit to Luxembourg from July 5 to 8.

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

The Ministry of Finance is taking various scenarios under consideration to cope with global uncertainty to complete its budget collection target as set by the National Assembly, Minister Ho Duc Phoc told Vietnam News Agency’s reporter on the occasion of Lunar New Year 2023.

Vietnam’s Finance Ministry will continue to create favourable conditions for foreign direct investment (FDI) companies to operate effectively and sustainably in the country, Finance Minister Ho Duc Phoc said on January 10 when meeting Samsung Electronics President and Chief Financial Officer Park Hark-kyu.

The National Assembly (NA) spent the 13th working day of its third session on asking officials about issues relevant to agriculture and rural development, finance, and banking.