Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to drastically instruct the removal of obstacles to major projects, while stepping up inspections to handle limitations in production, business, construction investment and trade.
The national GDP in the first quarter of this year grows 3.32% year-on-year. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh has asked ministries, agencies and localities to drastically instruct theremoval of obstacles to major projects, while stepping up inspections to handlelimitations in production, business, construction investment and trade.
In a dispatch sent to leaders of ministries, agencies,cities and provinces, the PM pointed out that amid global geo-political and economic uncertainties, Vietnam will face a host of challenges, especially inbusiness, construction investment and trade.
Greater efforts should be made to untangle knotsregarding administrative procedures, credit access, business conditions, bankliquidity, debts and taxes in order to pave the wave for big, key projects, hesaid, stressing the need to maintain and boost economic engines likeinvestment, export-import and consumption.
Illustrative image (Source: VNA)
The PM will assign Government members andrepresentatives from ministries and agencies to hold working sessions withlocalities over business, production, construction investment and trade.
They will figure out problems, and propose specific,feasible solutions to soon reboot growth and successfully achievesocio-economic tasks and targets set for 2023 and the 2021-2026 period.
Chairpersons of People’s Committees of cities andprovinces were asked to report such activities in their localities,particularly those in major areas and projects, and raise specific proposals tothe Ministry of Planning and Investment (MPI) by April 13.
The MPI will coordinate with other ministries andagencies to outline work plans for the Cabinet members, and classify problemsbased on the reports by the localities and send them to the PM and Cabinetmembers.
According to the dispatch, the national GDP in thefirst quarter of this year grew 3.32% year-on-year. However, the value added inindustry and construction dropped by 0.4% due to high production costs and decliningorders in key industrial sectors such as electronics, garments-textiles, leatherand footwear, and wood./.
Vietnam’s gross domestic product (GDP) has grown about 3.32% year on year in the first quarter of 2023, according to the General Statistics Office (GSO).
The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6.6% to 6% due to a low base in the first quarter (Q1) of this year.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
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.
The national GDP in the first quarter of this year grows 3.32% year-on-year. (Photo: VNA) 
Illustrative image (Source: VNA) 
