PM Nguyen Xuan Phuc welcomes AB InBev CEO

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on October 31 for AB InBev CEO Carlos Brito, during which he said Vietnam wants Belgian businesses to invest more in the Southeast Asian country.
PM Nguyen Xuan Phuc welcomes AB InBev CEO ảnh 1Prime Minister Nguyen Xuan Phuc (R) received AB InBev CEO Carlos Brito in Hanoi on October 31 (Photo: VNA)

Hanoi (VNA)– Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on October 31 forAB InBev CEO Carlos Brito, during which he said Vietnam wants Belgianbusinesses to invest more in the Southeast Asian country.

PM Phuc said the traditional friendship andmultifaceted cooperation between Vietnam and Belgium are developing in apositive, diverse and practical manner, adding that companies of Vietnam andthe European Union (EU), including Belgium, have very close relations.

The Vietnamese Government is making efforts to speedup economic restructuring, create a more transparent and favourable businessclimate and accelerate the equitisation of State-owned enterprises, he said.

Vietnam welcomes Belgian firms, including ABInBev, to expand investment, especially in the fields which are priorities andadvantages of both nations, the government leader said.

PM Phuc expressed his hope that AB InBev willprioritise using local materials and manpower, and it will reap many successesin Vietnam.

He told Brito that Vietnam attaches importanceto its relations with the EU as well as the role of foreign direct investment (FDI)enterprises.

For his part, Brito highly evaluated theVietnamese market’s advantages such as high attractiveness, rapid growth, bigpopulation and fast increase in the number of middle-income people.

With experiences in brand development, AB InBev willhelp Vietnam bring out its brand names to the world, he said, adding that thegroup also wants to do long-term and sustainable business in the country.-VNA
VNA

See more

Illustrative image (Photo: thoibaonganhang.vn)

Vietnamese gov’t approves two-year trial of P2P lending

Under the pilot, only P2P lending companies licensed by the State Bank of Vietnam (SBV) will be allowed to operate. Foreign banks are excluded from participation. While credit institutions and fintech firms may join the trial, participation does not guarantee future compliance with business or investment regulations once formal laws are enacted.

Processing dragon fruit for exports (Photo: VNA)

Overseas Vietnamese help Vietnamese products go global

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Illustrative image (Photo: VNA)

PM orders fast-track construction of Lao Cai - Hanoi - Hai Phong railway

The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.

LNG import operations at Thi Vai terminal. (Photo: VNA)

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31. The move marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

The daily reference exchange rate for the US dollar is set at 24,960 VND/USD on April 29. (Photo: VNA)

Reference exchange rate down April 29

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,960 VND/USD on April 29, down 4 VND from April 28.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government