Prime Minister Nguyen Xuan Phuc on August 2 again called for resolve to perform the dual tasks of containing COVID-19 and preventing negative economic growth, in the context of the pandemic returning in the country with complexity.
Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen XuanPhuc on August 2 again called for resolve to perform the dual tasks of containingCOVID-19 and preventing negative economic growth, in the context of thepandemic returning in the country with complexity.
He said more efforts are needed to accelerate publicinvestment disbursement, better implement both financial and fiscal policiesand push ahead with investment attraction, especially capital flows from theprivate sector and foreign businesses.
With free trade agreements like the EU-Vietnam FreeTrade Agreement (EVFTA), the Comprehensive and Progressive Agreement forTran-Pacific Partnership (CPTPP), Vietnam needs to enhance exports and expandthe market, he suggested, asking the Ministry of Industry and Trade to putforth more specific measures on domestic consumption stimulation.
The PM noted that with the return of the pandemic,stimulus measures need to be adjusted in accordance with the priority ofpreventing the disease from spreading. He urged ministries and agencies tofirstly adopt measures to ensure socio-economic security and safety, protectvery economic sector, especially businesses, and prevent widespreadunemployment.
Ministries need to map out suitable growth scenariosand better coordinate in the statistics work, he said.
PM Phuc singled out limitations in statistics work,citing as an example the gap in export-import statistics provided by differenceagencies, partially due to the inefficient coordination between the GeneralDepartment of Vietnam Customs, the General Statistics Office, the Ministry ofIndustry and Trade and the Ministry of Finance.
He also requested the Ministry of Finance and theState Bank of Vietnam to update monetary, credit and State budget statisticsmore quickly. The PM stressed that statistical data must be accurate andcomplete, in accordance with the law.
The Government leader repeated his request thatministries review and update growth scenarios for the third quarter, the wholeyear and 2021, along with measures to support the national economy,enterprises, cooperatives, business households and labourers./.
Prime Minister Nguyen Xuan Phuc has approved a project to develop the night-time economy in Vietnam to allow some activities to run overnight until 6am of the next day in some major tourism cities and zones.
Vietnam is projected to be the fifth highest-growing economy in the world this year and the country has a unique opportunity to increase its footprint in the global economy in both trade and investment. Stefanie Stallmeister, World Bank Acting Country Director for Vietnam made the remarks during the unveiling of the WB’s report "What will be the new normal for Vietnam" on July 30.
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Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
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This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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.
Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA) 
