Urban areas currently contribute around 70% of Vietnam’s GDP, but experts warned that if cities continue to develop under traditional models, room for their growth will gradually narrow.
The project covers the section from Ring Road No.1 to the Cau Gie interchange and is considered one of the capital city’s key transport infrastructure projects.
With the strengthened Comprehensive Strategic Partnership, the rapid growth of digital economies in both countries and complementary strengths in technology, manufacturing and markets, Vietnam and India are well positioned to build a deeply connected digital trade ecosystem and enhance their participation in global value chains.
Vietnamese Ambassador to Russia Dang Minh Khoi stressed that economic cooperation between Vietnam and Russia is entering a new phase with promising opportunities for growth. He praised this year’s programme for combining a business roundtable, a youth business forum and traditional cultural and culinary activities, creating both an academic platform for dialogue and an opportunity to deepen mutual understanding between the two countries' people.
More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.
The State Bank of Vietnam set the daily reference exchange rate at 25,133 VND/USD on May 19, up 2 VND from the previous day.
In the first quarter of 2026 alone, Vietnam’s durian exports surged by 230% year on year to around 222 million USD
Hanoi's Ring Road 4 will stretch about 340km through seven northern localities: Hanoi (51km), Ninh Binh (36km), Hung Yen (27km), Hai Phong (63km), Bac Ninh (49km), Thai Nguyen (36km), and Phu Tho (78km).
The strategy targets annual industry growth of 12-14% by 2030, with processed liquid milk output reaching 4.2 billion litres annually. Domestic fresh milk production is projected to hit 2.6 billion litres per year, meeting 60-65% of processing demand, while milk powder output is expected to reach 245,000 tonnes annually. Per capita milk consumption is targeted at 40 litres per year.
Covering an area of 11.95 ha of land and water surface, the project is expected to have a designed capacity of 50 MW and will be implemented in nearshore waters of the Co To special zone. Its key components include wind turbines, a substation, a 110kV transmission line, and related auxiliary facilities.
The strategy envisions a modern, open standards system welded to international norms, serving as a piece of soft institutional infrastructure, a policy tool and a technical backbone for state governance. It also casts standards as an engine of innovation, digital transformation, green transition and sustainable development.
Nguyen Duy Hoa, Deputy Technical Director of Cargill Vietnam, said Vietnam cannot compete with Ecuador on costs nor match India in scale. Instead, the country should focus on value rather than volume or price competition, prioritising quality improvement, technology adoption and value-added products.
Domestic consumption is being regarded as one of the key drivers for sustaining economic growth. Following the Government’s Resolution No. 88/NQ-CP on promoting the domestic market and stimulating consumption, many retailers have accelerated the expansion of distribution systems, invested in technology and improved supply chains.
The delegation is tasked with assisting the Prime Minister in directing ministries, sectors and localities in the negotiation, signing, coordination of ratification and approval, as well as implementation of international treaties and agreements on economic and trade matters involving the Vietnamese State and Government.
The Korean business delegation's trip aims to provide Korean firms with information on import – export trends across the ASEAN region and developments in local markets, while also offering opportunities to explore the latest industry trends and technologies.
E10 biofuel will officially be distributed nationwide from June 1 under the Ministry of Industry and Trade’s roadmap on energy transition and environmentally friendly fuel use.
The Vietnamese Embassy in China, in coordination with the International Cooperation Centre under China’s National Development and Reform Commission (NDRC), on May 18 organised the Vietnam–China Green Industry Cooperation and Exchange Programme in Beijing to strengthen policy exchanges, share experience, and promote substantive cooperation in green industry amid climate change and growing global environmental challenges.
The performance of the resolution has resulted in a more vibrant start-up ecosystem, with many household businesses transitioning into formal enterprises and innovation gaining stronger momentum across the economy.
In manufacturing, THACO has built one of Southeast Asia’s largest automobile and mechanical engineering ecosystems in Quang Nam province, while VinFast has become Vietnam’s first electric vehicle producer, establishing a major factory in Hai Phong, listing on Nasdaq and expanding into North America, Europe and Southeast Asia.
With export turnover rising steadily in recent years and a target of 50 billion USD by 2026, Vietnam remains among the world’s top three textile exporters. Beyond its traditional appeal as a low-cost manufacturing base, the country is now positioning itself as a strategic hub for high-value and technology-driven investment.
