Business

Prime Minister Pham Minh Chinh called for drastic actions from all ministries, sectors and localities to swiftly translate No. 68-NQ/TW on developing the private economic sector into reality.

Australian firm Lynas Rare Earths says it has become the first commercial producer outside China of heavy rare earths, used in an array of renewable energy technologies.

Resolution No. 68-NQ/TW issued by the Politburo recently is expected to unlock the potential of the private economic sector in boosting the growth of cultural industries, according to experts.

The National Assembly adopted a Resolution on several special mechanisms and policies aimed at promoting the development of the private sector in Vietnam, at its ongoing sitting in Hanoi on May 17.

Vietnam’s Minister of Industry and Trade Nguyen Hong Dien has recently held a direct ministerial-level negotiation session on a new trade deal with United States Trade Representative Jamieson Greer.

While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest.

Chu Lai Port and Regional Container Lines - a Bangkok-based container shipping line – signed a cooperation agreement on launching a direct call service from Chu Lai to India on May 16.

The Ministry of Construction has instructed its project management units to conduct feasibility studies for six national railway projects between 2025 and 2027.

Authorities in the northern city of Haiphong have planned to auction the area, currently home to Hoang Dieu Port, to construct a golf course, commercial housing, and service facilities.

Vietnam and Thailand should utilize complementary strengths in areas such as the digital economy, green energy, regional supply chains, and smart agriculture.

The Vietnamese government has approved an investment plan to construct the Lao Cai–Hanoi–Hai Phong railway line.

VinSpeed High-Speed Rail Investment and Development JSC has announced its registration to invest in Vietnam’s North–South high-speed railway project, with an estimated investment of 61.35 billion USD.

Container Terminals 3 and 4 at Lach Huyen Port in Haiphong City have been inaugurated, marking a strategic step in the development of an international gateway port system in northern Vietnam.

AI and semiconductors have been identified as core sectors for development by both Vietnam and the US in the coming decade.

The Government has called for stricter market management, intensified inspections and larger penalties for violations in response to the recent developments in domestic gold prices.

US enterprises operating in Vietnam have affirmed their commitment to sustainable, long-term investment in the country amid current challenges at a dialogue with PM Pham Minh Chinh in Hanoi on May 13.

Australia is providing up to AUD2 million in funding to support agricultural innovations that tackle climate change across Vietnam, as part of the fifth round of the Aus4Innovation Partnership Grants.

More than 100 Vietnamese businesses are taking part in the SelectUSA Investment Summit 2025 from May 11 to 14, aiming to expand cooperation and explore a wealth of investment opportunities in the US.

The total area dedicated to growing flowers and ornamental plants has reached nearly 45,000 ha, an eightfold increase compared to the year 2000.