Vietnam, UNIDO ink cooperation programme to advance circular, inclusive industrial development

Under the framework, UNIDO will support Vietnam’s transition towards greener, more circular and inclusive industrial systems, helping raise domestic value and strengthen competitiveness.

Vietnam and the United Nations Industrial Development Organisation (UNIDO) sign a new country cooperation programme to promote inclusive and sustainable industrial development on April 20. (Photo: VNA)
Vietnam and the United Nations Industrial Development Organisation (UNIDO) sign a new country cooperation programme to promote inclusive and sustainable industrial development on April 20. (Photo: VNA)

Hanoi (VNA) – Vietnam and the United Nations Industrial Development Organisation (UNIDO) on April 20 signed a new country cooperation programme to promote inclusive and sustainable industrial development in Vietnam, marking a major step forward in their long-standing partnership.

The programme was signed by Deputy Minister of Finance Tran Quoc Phuong and UNIDO Director General Gerd Müller at an event in Hanoi with the participation of representatives from relevant ministries, research institutions, localities and development partners.

In his remarks, Müller said more than four decades of cooperation between UNIDO and Vietnam have evolved from standalone projects into integrated and scalable solutions combining policy advice, technical assistance and investment mobilisation. The new programme will deepen collaboration to build a modern, competitive and sustainable industrial base in Vietnam.

Under the framework, UNIDO will support Vietnam’s transition towards greener, more circular and inclusive industrial systems, helping raise domestic value and strengthen competitiveness.

Phuong stressed that the programme provides a clear cooperation framework aligned with Vietnam’s socio-economic development strategies, supporting the country’s goals of becoming an upper middle-income economy by 2030 and a high-income economy by 2045 while advancing the realisation of its commitment to net-zero emissions by 2050.

The Vietnam – UNIDO country cooperation programme for 2025–2028 has an estimated budget of 72 million USD, focusing on three priorities – accelerating the shift to green industry and a circular economy; enhancing industrial competitiveness and sustainable value chains; and strengthening industrial policies, institutional capacity and partnerships.

Since 1978, UNIDO has worked with Vietnam on more than 170 projects spanning small- and medium-sized enterprise development, quality infrastructure, energy efficiency, cleaner production and sustainable supply chains. Building on this foundation, the new programme will scale up integrated interventions that combine policy support, technical expertise and investment facilitation.

It also opens up new cooperation opportunities in the agro-processing industry, particularly in high-potential value chains such as rice and tea. Efforts will focus on value addition, compliance with sustainability standards, climate resilience and improvement of rural livelihoods.

The signing of the programme further affirms the importance of effective coordination, the Government’s proactive role, and the mobilisation of shared resources to ensure efficient implementation and deliver tangible development outcomes.

In the time to come, UNIDO and Vietnam will continue to work closely to promote innovative, inclusive and sustainable industrial development, helping strengthen economic resilience and move toward shared prosperity./.

VNA

See more

Organisers and speakers at the “Vietnam–India Cross-border E-commerce” forum pose for a group photo. (Photo: VNA)

Cross-border e-commerce drives Vietnam–India economic ties

Hang noted that cross-border e-commerce is creating fresh opportunities for bilateral cooperation. Indian products such as natural cosmetics, essential oil, herbal products, fashion items and household goods are seen as highly promising in the Vietnamese market. At the same time, Vietnamese businesses, especially small and medium-sized enterprises, are increasingly able to use digital platforms to access India’s market of more than 1.4 billion consumers.

Delegates cut the ribbon to open the exhibition series on May 21, 2026 (Photo: VNA)

Industrial, transport infrastructure exhibitions open in Ho Chi Minh City

The events consist of the 22nd International Exhibition on Automobile, Motorcycle, Electric Vehicle and Supporting Industries (Autotech & Accessories 2026) and the International Exhibition on Construction Machinery, Rail Transit, Specialised Vehicles, Technology and Transportation Infrastructure (Cons & Trans 2026).

Workers of the Duy Khanh precision mechanical factory in Tang Nhon Phu ward, Ho Chi Minh City, manufacture support mechanical components. (Photo: sggp.org.vn)

Banks shift to cash-flow lending to unlock capital for SMEs

Prof. Nguyen Trong Hoai from the University of Economics Ho Chi Minh City (UEH) suggested that Vietnam should study open finance models built on digital data adopted in several countries to improve credit access for SMEs lacking collateral.

The Vietnam – Bangladesh business forum in Dhaka on May 19 (Photo: VNA)

Vietnam, Bangladesh eye to foster economic ties

Addressing the forum, Vietnamese Ambassador to Bangladesh Nguyen Manh Cuong highlighted the fruitful development of the bilateral ties over the past 53 years, noting that trade turnover has consistently exceeded 1.1 billion USD despite global disruptions. The two sides are now striving to raise the figure to 2 billion USD in the coming years.

The opening ceremony of the 10th International Livestock, Dairy, Meat Processing and Aquaculture Exposition on May 20 (Photo: VNA)

ILDEX Vietnam 2026 showcases livestock, agri-food innovation

The three-day event is jointly organised by VNU Asia Pacific and Thailand’s ITEC, serving as a platform for business networking, technology exchange and knowledge sharing in the livestock, aquaculture and food industries in Vietnam and Southeast Asia.

Permanent Deputy Prime Minister Pham Gia Tuc and officials inspect the Gia Binh International Airport project on May 20, 2026. (Photo: VNA)

Gia Binh international airport project accelerated ahead of APEC 2027

Tuc described Gia Binh International Airport as a national key project requiring strict adherence to construction timelines, particularly as it is expected to be put into operation in time for the 2027 APEC Economic Leaders' Meeting. Several associated projects are also being implemented under special mechanisms to serve major national tasks.

Vietnamese Ambassador to the Republic of Korea Vu Ho speaks at the forum.(Photo: VNA)

Forum promotes Vietnam–RoK supply chain connectivity

Cao Thi Phi Van, Deputy Director of ITPC, said that after more than three decades of cooperation, Vietnam–RoK ties are shifting from traditional manufacturing cooperation towards mastering future-oriented technologies such as semiconductors, artificial intelligence (AI), digital finance, renewable energy and global supply chains.

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals (Illustrative image. Source: VNA)

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals

Deputy Minister Tran Quoc Phuong stressed that Fitch’s credit assessments have enhanced Vietnam’s image and credibility in international financial markets, and provided additional motivation for the country to continue improving institutions, strengthening policy management efficiency and increasing economic transparency.

Consumer purchases E10 biofuel at a PVOIL petrol station on Thai Thinh street in Hanoi. (Photo: VNA)

Hanoi strengthens oversight of transition to E10 biofuel

To ensure compliance with the transition roadmap, the Hanoi Market Surveillance Sub-Department has requested petrol traders to proactively review and upgrade storage tanks, fuel pumps and other technical conditions necessary for E10 distribution, thereby preventing disruptions to fuel supply serving consumption and production demands across the capital.

A Phu Tho civil servant guides a local how to switch from presumptive tax mechanism to tax sef-declaration. (Photo: VNA)

📝OP-ED: Vietnam’s tax reform: Fair play, not revenue squeeze

At a time when social media disinformation grows more sophisticated, transparency and public disclosure are the most potent counter to distortions. Facts, data and real-world results deliver the strongest rebuttal to attempts that twist reality and erode trust in tax administration reform.