Hanoi urged to lead nation in industrialisation process

Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue has asked Hanoi to lead the country in fulfilling industrialisation and modernisation targets one or two years ahead of schedule.
Head of the Party Central Committee’s Economic Commission Vuong Dinh Huehas asked Hanoi to lead the country in fulfilling industrialisation andmodernisation targets one or two years ahead of schedule.

Hanoi should develop itself worthy being the country’s majorpolitical, economic, cultural, education-training and science-technologycentre, he said at a working session with the municipal Party Committeeon December 26.

To do this, the city needs to be more activeand proactive in turning objectives into specific programmes andprojects while speeding up the restructuring of its economy, focusing onagriculture, industry and services, he said.

It should define its economic development focuses and then take synchronous measures to realise them, he added.

Secretary of the Hanoi Party Committee Pham Quang Nghi reported thatdespite difficulties, the capital city has over the past time recordedencouraging results, with an average Gross Domestic Product (GDP) growthrate of 8.91 percent between 2011 and 2013, a 1.5-fold increase againstthe country’s rate.

In 2013 alone, Hanoi contributed 10.1percent of the country’s GDP, 7.5 percent of export turnover, 17.2percent of State budget and 21.64 percent of total social investment.The city surpassed its 2013 budget collection target by 0.3 percent,gathering over 160 trillion VND (7.62 billion USD), up 10 percentcompared to the previous year.

Together with considerableachievements in infrastructure development and new-styled ruralbuilding, the sectors of culture, education, science-technology, andhealth have been paid due attention, Nghi said.

However, themunicipal leader frankly indicated the city’s shortcomings andlimitations such as poor management, ineffective coordination betweenagencies, weak competitiveness, high bad debts, slow administrativereforms, and inadequate inspection.-VNA

See more

Workers process seafood for export. (Photo: VNA)

Vietnam’s long-term investment appeal remains intact: EuroCham

Up to 93% of European enterprises said they would recommend Vietnam as an investment destination – one of the highest endorsement levels in the history of the BCI survey. This indicates that investors are clearly distinguishing between short-term operational challenges and their long-term strategic outlook.

Vietnamese Ambassador to the RoK Vu Ho honours coffee processing firms and artisans. (Photo: VNA)

Vietnam's pavilion opens at Coffee Expo Seoul 2026

Nguyen Nam Hai, Chairman of VICOFA, said Vietnam’s coffee exports to the RoK exceeded 196 million USD in 2025, up 37.8% year-on-year. In the first quarter of this year, export value reached nearly 45 million USD, indicating strong growth potential.

A farmer harvests lemons in Vietnam. (Illustrative photo: VNA)

Protocol signed for pomelo, lemon exports to China

Pomelo and lemon are among Vietnam’s most advantageous agricultural products. The country currently has around 106,000 hectares of pomelo cultivation, placing it among the world’s major producers.

A view of the press conference on reviewing the banking industry’s Q1 performance in Hanoi (Photo: VNA)

Bank credit supports high GDP growth in Q1 2026

The SBV has set a credit growth target of 15% for 2026, with adjustments depending on the actual situation, ensuring inflation control, macroeconomic stability, support for economic growth, and the safety of the credit institution system.

Vietnamese Ambassador to Germany Nguyen Dac Thanh speaks at the Vietnam – Bavaria business roundtable in Munich. (Photo: VNA)

Vietnam – Bavaria roundtable strengthens business ties

Addressing a recent Vietnam–Bavaria business roundtable in Munich, Vietnamese Ambassador to Germany Nguyen Dac Thanh underscored the strong momentum of the Vietnam–Germany Strategic Partnership, particularly across trade, investment and economic cooperation.

Tom Attenborough (right), head of international business development for primary markets at the London Stock Exchange (LSE), speaks at the forum. (Photo: VNA)

LSE sees strong outlook for Vietnam’s capital market

Vietnam’s outlook remained positive, supported by strong economic growth and clear policy direction, and deeper participation from international investors would be key to sustaining double-digit expansion, said Tom Attenborough, head of international business development for primary markets.

The southern area of Khanh Hoa province holds significant potential for developing wind power projects. (Photo: VNA)

Vietnam tested by rising global energy risks

Energy security today extends beyond supply stability to include adaptability and technological self-reliance in clean energy. With proactive integration and sustained investment in renewables, Vietnam is well positioned to turn external pressures into an opportunity to drive a greener, more resilient economic transformation