Business

Foreign CEOs urge VN to tap internal strengths

Vietnam needs to muster all of its internal forces to remain competitive, especially in the transport sector, to attract more foreign investors.
Vietnam needs to muster all of itsinternal forces to remain competitive, especially in the transportsector, to attract more foreign investors.

The remark was made at the Vietnam Manufacturing Summit in Ho Chi MinhCity on March 31, which drew the participation of over 100 ChiefExecutive Officers (CEO) from foreign groups and companies operating inVietnam.

According to Mike Gildea, a CEO from Agiliti South East Asia Company,investors in Vietnam have to pay a higher cost for the transport ofgoods compared with that paid in other countries in the region due topoor traffic and infrastructure systems and other obstacles caused byits human resources. This chips away at Vietnam ’s key advantage interms of cheap and abundant labour.

Small and medium sized enterprises in Vietnam have shown a shortfallin unity coupled with a limited financial budget and poor access tomodern science and technology as well as global economic information,said Nguyen Tri Dung, a senior expert in Japan , who is also head ofTri Dung Business School .

He suggested that Vietnam ’s CEOs concentrate on concrete measuresto help their enterprises survive and develop in the midst of the globaleconomic and financial crisis.

A small exhibition and discussions on the top ten issues inmanufacturing also took place as part of the event to help theparticipants engage in exchange./.
Follow VietnamPlus

See more

1st floor, No. 05 Ly Thuong Kiet Street

Notice of Office Auction in Hanoi

The Office of the Vietnam News Agency will conduct an auction for office leasing at No. 05 Ly Thuong Kiet street, No. 79 Ly Thuong Kiet street, No. 33 Le Thanh Tong street, and No. 11 Tran Hung Dao street in Cua Nam ward, Hanoi.

The opening ceremony of the Mining & Construction Vietnam 2026 exhibition. (Photo: VNA)

Expo promotes smart mining and green construction solutions in Vietnam

Mining & Construction Vietnam 2026 showcases a wide range of new technologies and trends, including advanced mining equipment, modern mineral processing technologies, sustainable and energy-efficient infrastructure solutions, as well as automation and digital transformation in management and operations.

An aircraft of Vietravel Airlines (Photo: VNA)

Vietravel Airlines moves to add nine aircraft

This aircraft marks the first in a plan to add nine more planes over the next six months. Continued induction of Airbus A321 aircraft throughout 2026 will allow the airline to optimise scheduling, improve efficiency and better meet growing market demand.

The Long Hai Co., Ltd., located in Industrial Cluster No. 1 in Thach Khoi ward, Hai Phong city, produces hundreds of tonnes of goods annually for both domestic consumption and export. (Photo: VNA)

State – private synergy key to Vietnam’s growth ambitions

Vice Chairman of the Ho Chi Minh City People’s Committee Nguyen Manh Cuong stressed the need for greater input from academia, experts and businesses to assess the feasibility of double-digit growth targets in the coming period. This will help the city identify new growth drivers and design policies to better tap its development potential.

Finance Minister Ngo Van Tuan speaks at the first session of the 16th National Assembly (Photo: VNA)

Achieving double-digit growth challenging but essential: Minister

Since 1946, only 13 economies worldwide have sustained double-digit growth for over a decade to transition from low-income and developing to developed status. During Vietnam’s 40 years of renewal, growth has exceeded 9% only twice and has never reached double digits.

Vegetables and fruits remain among the key foreign currency earners of Lam Dong province, with export turnover estimated at 30.42 million USD in the first quarter of 2026. (Photo: VNA)

Vietnam’s fruit sector reaches new milestones

In the first quarter of 2026, Vietnam’s fruit and vegetable exports rose 31.4% year-on-year to 1.53 billion USD, driven by strong demand in China and growing shipments to major markets including the US, Japan, and Europe.

Inside Bach Dang shipbuilding factory (Photo: VNA)

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Algerian officials, representatives of foreign embassies, and numerous global oil and gas companies attend the Bid Round. (Photo: VNA)

Vietnam joins int'l bidding for oil and gas exploration in Algeria

Currently, PVEP is involved in oil exploitation at Blocks 433a and 416b of the Bir Seba field in the Hassi Messaoud area, Ouargla province, located more than 600 km south of Algiers. The project stands as one of Petrovietnam’s most successful overseas ventures, demonstrating the operational capacity and technical expertise of Vietnamese engineers on the global stage.

A customer is making payment via QR code at a coffee shop. The Ministry of Finance has proposed new regulations on taxable revenue thresholds for household businesses. (Photo: VNA)

Finance ministry eyes flexible tax thresholds

In a draft law amending several articles of the laws on personal income tax, corporate income tax and value-added tax, Vietnam's finance ministry proposed scrapping the fixed revenue threshold of 500 million VND. Instead, it suggested the threshold be set by the Government based on prevailing economic conditions.

Part of the Vung Ang II Thermal Power Plant. (Photo: VNA)

Vung Ang II thermal power plant inaugurated in Ha Tinh

With a total investment of 2.2 billion USD, the Vung Ang II Thermal Power Plant is developed under a build-operate-transfer (BOT) model and has a designed capacity of 1,200 MW, comprising two turbines. The plant is expected to play a key role in ensuring stable electricity supply for the central region and neighbouring areas, thereby facilitating the development of industries, agriculture and services.

Aircraft at the Noi Bai International Airport in Hanoi. (Photo: VNA)

Vietnam seeks stable jet fuel supplies from China amid Middle East disruptions

On the basis of the long-standing friendship and cooperation between Vietnam and China, as well as close ties between their aviation authorities, the Civil Aviation Authority of Vietnam has asked the Civil Aviation Administration of China to direct relevant fuel suppliers to ensure sufficient and stable supplies for Vietnam.