PM calls for int’l friends’ support for HCM City on development path

PM Pham Minh Chinh appreciated the practical, responsible, and enthusiastic contributions from international partners, along with domestic and international businesses, saying their opinions are a source of inspiration for Vietnam on its journey to realise the two centenary goals.

PM Pham Minh Chinh speaks at CEO 500 - TEA CONNECT in HCM City on November 25. (Photo: VNA)
PM Pham Minh Chinh speaks at CEO 500 - TEA CONNECT in HCM City on November 25. (Photo: VNA)

HCM City (VNA) – Prime Minister Pham Minh Chinh has called on international friends to cooperate with, support, and stand side by side with Vietnam and its Ho Chi Minh City on the development path.

He made the appeal while addressing CEO 500 - TEA CONNECT, a programme connecting Vietnamese and HCM City leaders with executives of large local and foreign enterprises on November 25. The event, part of the Autumn Economic Forum 2025, looked to explore ways to help HCM City establish itself as an international megacity in the near future.

Participants were updated on HCM City’s development strategy for 2026–2030, with a vision to 2045, as well as its key projects. They also discussed cooperation initiatives aimed at turning the southern metropolis into an international mega city in the digital era.

In his remarks, PM Chinh appreciated the practical, responsible, and enthusiastic contributions from international partners, along with domestic and international businesses, saying their opinions are a source of inspiration for Vietnam on its journey to realise the two centenary goals.

Underlining Vietnam’s development priorities and achievements over the past decades, he noted that after nearly 40 years of Doi moi (Renewal), Vietnam now has diplomatic relations with 194 countries, comprehensive strategic partnerships with the five permanent members of the UN Security Council and many G20 countries, and 17 free trade agreements with over 60 nations.

From a poor and war-torn country, Vietnam has emerged as a developing one with GDP of about 510 billion USD, ranking 32nd globally; per capita income of some 5,000 USD, placing it among upper-middle-income nations; along with foreign trade and investment attraction among the 20 largest around the world.

ceo-500-tea-connect-2.jpg
PM Pham Minh Chinh and officials witness the presentation of investment cooperation agreements between businesses and localities at the event. (Photo: VNA)

The Government leader thanked international friends for their support and cooperation, which have helped Vietnam obtain such achievements, stressing the spirit of “solidarity for gathering power, cooperation for gaining mutual benefits, and dialogue for enhancing trust”.

Highlighting the five development pillars of HCM City, he said that to promote these pillars, the city requires capital, infrastructure development, institutional perfection towards openness and competitiveness, high-quality human resources, and smart governance.

Given this, he asked for cooperation and support from international friends during the development process of HCM City and Vietnam as a whole.

The PM expressed his confidence that as a growth nucleus and powerhouse of the region, a civilised, modern, dynamic, and creative city, as well as an economic, financial, trade, sci-tech, and innovation hub of the entire country, HCM City will make development breakthroughs to become comparable with other big cities around the world.

The development tasks and requirements for the city in the coming time are greatly heavy but also critically important and glorious, he noted, saying he believes that it will build on the obtained results, unlock resources, and explore potential to accelerate, make breakthroughs, and develop unceasingly, thus turning itself into a dynamic and prosperous international megacity and a source of pride for Vietnam in the new era./.

VNA

See more

Melons labelled with traceability codes on display at the Song Van agricultural produce store in Ninh Binh city, Ninh Binh province. (Photo: VNA)

Tracing origins hindered by fragmented data systems

As the Government accelerates the digital economy, establishing a unified national traceability system has become a crucial move to end data fragmentation and disconnection among ministries, sectors and localities.

Hyundai unveils its new Avante Hybrid model in Seoul, the Republic of Korea, on August 13, 2020. (Photo: Yonhap/VNA)

Tax cuts poised to ignite Vietnam’s hybrid vehicle boom from 2026

Experts forecast that 2026-2030 will mark a period of strong growth for hybrid vehicles in Vietnam, a trend that will invigorate the automotive sector while supporting national objectives on emissions reduction, sustainable development and the broader transition to green mobility.

Illustrative image (Photo: VNA)

Vietnam targets 1 billion USD in banana exports

Bananas have been identified as a priority product under the Project for the Development of Key Fruit Crops to 2025, with a vision to 2030, approved in October 2022. Under the plan, banana acreage is projected to reach 165,000–175,000ha by 2030, with output of 2.6–3 million tonnes.

Deputy Minister of Foreign Affairs Nguyen Minh Hang (Photo: VNA)

Event connects Vietnamese businesses with African countries

Deputy Foreign Minister Nguyen Minh Hang held that to develop Vietnam – Africa ties more strongly and substantively, it is necessary to promote the engagement of businesses, and that the Government will create favourable conditions for them to enhance fruitful cooperation.

Deputy Prime Minister Ho Duc Phoc (R) and Independent Non-executive Chairman of AIA Mark Tucker at their meeting in Hanoi on December 12. (Photo: VNA)

AIA Group envisions long-term investment, cooperation in Vietnam

Over 25 years of operation in Vietnam, AIA has achieved positive results. Its premium revenue ranks among the top five life insurers, reaching nearly 14.83 trillion VND (563.71 million USD) in 2024 and an estimated 15.73 trillion VND in 2025, equivalent to around 10% of the market share.

A view of the 2025 Japan business roundtable in HCM City on December 12. (Photo: VNA)

Ho Chi Minh City courts Japanese investment with growth blueprint

Ha underscored the pivotal contributions of Japanese firms, which have long supported local socio-economic progress through major infrastructure projects, industrial zones and workforce training courses. To date, Japanese companies have invested more than 15 billion USD in over 2,200 projects, reflecting sustained confidence and commitment to the market.

Deputy Prime Minister Bui Thanh Son receives Kounlaphanh Vongnathy, Vice President of Phongsupthavy Group, in Hanoi on December 12, 2025. (Photo: VNA)

Lao group urged to deepen energy ties with Vietnam

Deputy Prime Minister Bui Thanh Son has commended Phongsupthavy Group as one of Laos’ leading investors supplying electricity to Vietnam, noting its pledge to ramp up power exports and actively contribute to the implementation of energy cooperation agreements endorsed by senior leaders of the two Parties and States.

An Giang OCOP product booth at the fair (Photo: VNA)

Vietnam–Cambodia OCOP fair expected to boost cross-border trade

The fair offers an opportunity for Vietnamese and Cambodian enterprises to meet and promote their brands and speciality products to both domestic and international visitors, he added, noting that it also serves as a platform for trade connections, helping businesses seek partners, expand distribution networks and access the promising border market.

Vietnamese Ambassador to Argentina and Paraguay Ngo Minh Nguyet (third from left), Paraguayan Minister of the Secretariat of Linguistic Policies Javier Viveros (second from left), and Vietnam's Honorary Consul in Paraguay María Del Carmen Pérez (C) pose for a photo with delegates. (Photo: VNA)

Ample room remains for Vietnam-Paraguay economic ties: Ambassador

Addressing a ceremony marking the 30th anniversary of the establishment of the bilateral diplomatic ties on December 11, Vietnamese Ambassador to Argentina and Paraguay Ngo Minh Nguyet affirmed that Vietnam, one of the fastest-growing economies in Asia, can become a strategic partner to help Paraguay expand its presence in the regional market.