VnEconomy - Vietnam Economic Times

Nghe An approves 484-ha industrial park to strengthen investment attraction

Sun, 28 Jun 2026 01:00:00 GMT

The multi-sector IP is expected to attract both domestic and foreign investors while fostering integrated manufacturing supply chains.

Authorities in central Nghe An Province have approved a zoning plan for the 484.4-ha Dien Quynh 1 Industrial Park, a major project expected to expand the province's industrial land bank and attract high-value manufacturing investment.

The project is designed as a modern industrial hub with synchronized infrastructure to accommodate manufacturing and business activities, supporting socio-economic development in the surrounding areas and across the province.

Once fully operational, Dien Quynh 1 Industrial Park is expected to create around 40,000 jobs, making it one of the largest industrial parks in the province's northern region.

The park will prioritize industries. with high added value, including electrical equipment, electronics, computers and components, automobiles and motorcycles, pharmaceuticals, food and beverage processing, light manufacturing, supporting industries, textiles and garments, construction materials, chemicals, logistics, warehousing, and transport support services.

Provincial authorities expect the multi-sector industrial park to attract both domestic and foreign investors while fostering integrated manufacturing supply chains. The project is also expected to enhance Nghe An's competitiveness as an investment destination and support the province's broader industrialization strategy.

VnEconomy-Nguyễn Thuấn

Ha Tinh accelerates procedures for $2bln LNG power project

Sat, 27 Jun 2026 08:30:00 GMT

The Vung Ang III LNG-fired power plant has a planned capacity of 1,500 MW.

Authorities in the central province of Ha Tinh are stepping up efforts to remove administrative bottlenecks and expedite the implementation of the Vung Ang III LNG-fired power plant, a major energy project with a planned capacity of 1,500 MW and an estimated investment of VND51.43 trillion (about $2 billion).

At a working session on June 25, Vice Chairman of the Ha Tinh People's Committee Tran Bau Ha met with the project's investor consortium, comprising PetroVietnam Power Corporation (PV Power), Lilama Corporation and Thailand's B.Grimm Power Public Company Limited, to discuss measures to accelerate the project's progress.

The project was officially approved by the provincial government on June 9. It will occupy approximately 51.7 hectares of land and 16 hectares of adjacent sea area in the Vung Ang Economic Zone.

According to the implementation schedule, the first generating unit is scheduled for completion in June 2030 and commercial operation in the first quarter of 2031, while the second is expected to be completed in December 2030 and enter commercial operation in the second quarter of 2032.

The investor consortium proposed the provincial government to facilitate land and sea allocation procedures, support the construction of a 500kV transmission line connecting the plant to the national grid, accelerate development of the LNG import terminal, and ensure an adequate supply of fill materials for construction.

Provincial leaders urged the consortium to complete all remaining procedures promptly while directing local agencies to provide maximum support to keep the project on schedule.

VnEconomy-Nguyễn Thuấn

ProPak Hanoi 2026: technological boost for manufacturing sector

Sat, 27 Jun 2026 08:00:00 GMT

Spanning over 4,000 sq.m, the event will showcase the latest advancements in processing technology, packaging, automation, smart factories, and cold chain logistics.

The International Processing and Packaging Exhibition — ProPak Hanoi 2026 — will take place from October 13 to 15, 2026, at the Vietnam Exposition Center in Dong Anh, Hanoi.

As Northern Vietnam emerges as a pivotal industrial growth hub, fueled by an explosion of industrial zones, global supply chain shifts, and a surge in Foreign Direct Investment (FDI), ProPak Hanoi 2026 is set to become the premier platform for connecting knowledge, technology, and business opportunities across the food, beverage, pharmaceutical, and logistics industries.

Spanning over 4,000 sq.m, the event will showcase the latest advancements in processing technology, packaging, automation, smart factories, and cold chain logistics.

Speaking at the press conference on June 25, Senior Manager of Informa Markets Vietnam, Ms. Annie Tran, said "Businesses no longer compete solely on scale or cost. Today’s competition is defined by operational efficiency, technological integration, quality standards, sustainability, and the capacity to participate in global supply chains."

According to Ms. Tran, a modern production line does more than just increase productivity; it serves as a vital tool for businesses to minimize waste, optimize quality control, and meet the stringent demands of international markets.

Chairman of the Vietnam Beer, Alcohol, and Beverage Association (VBA), Mr. Nguyen Van Viet, noted that for the beverage industry, processing, filling, and packaging technologies must be viewed as strategic pillars of development. He argued that these are no longer just technical components of a production line, but factors that directly impact product quality, operational efficiency, and overall market competitiveness.

From a research and application perspective, Assoc. Prof. Dr. Nguyen Duy Lam, President of the Vietnam Association of Food Science and Technology, asserted that science and technology are the "keys" to the industry’s major breakthroughs.

“Processing, preservation, and packaging technologies are no longer isolated technical stages; they have become fundamental elements that determine the efficiency of the entire value chain. From reducing post-harvest losses and enhancing product quality to ensuring food safety and expanding export markets, modern technology is the direct contributor to every success,” said Mr. Lam.

Vneconomy-Vũ Khuê

Vietnam launches first national semiconductor chip prototyping center

Sat, 27 Jun 2026 02:00:00 GMT

The center will serve as a national hub connecting domestic chip designers with the global semiconductor manufacturing ecosystem.

Vietnam on June 26 officially launched its first national semiconductor chip prototyping center, marking a significant milestone in the country's ambition to strengthen its position in the global semiconductor value chain.

The Vietnam National Multi-Project Wafer Coordination Center (VNMPW/CC), established under the Ministry of Science and Technology, will serve as a national hub connecting domestic chip designers with the global semiconductor manufacturing ecosystem.

The center adopts the Multi-Project Wafer (MPW) model, which combines multiple chip designs into a single fabrication run, significantly reducing prototyping costs and shortening product development time. The approach is expected to accelerate the development of "Make in Vietnam" semiconductor products.

The center will provide shared infrastructure covering the entire chip development process, from design verification and prototyping to packaging, testing and commercialization.

It will also supply electronic design automation (EDA) tools, support design validation, and coordinate with international semiconductor foundries, packaging and testing companies, enabling Vietnamese universities, research institutes and technology firms to access advanced manufacturing services.

Following fabrication, the center will assist developers in evaluating chip performance and connecting with government support programs and investment funds to commercialize new products. A post-silicon laboratory for chip evaluation, testing and analysis is also planned.

The center's development roadmap will be implemented in three phases. During 2026-2027, the government will fully subsidize prototyping costs to encourage participation from universities, research institutes, startups and chip design companies while establishing domestic MPW operational capabilities. Between 2028 and 2030, the center will continue receiving partial government support as it expands its shared infrastructure, laboratories, design tools and technical services. Beyond 2030, it aims to become a leading semiconductor prototyping hub in Southeast Asia.

At the launch ceremony, the center signed memoranda of understanding with 19 domestic and international partners, including global semiconductor leaders Intel, Infineon, Amkor, Cadence, Synopsys, TSMC and GlobalFoundries, alongside major Vietnamese universities and technology companies such as Viettel, FPT and VSAP Lab.

The partnerships will focus on semiconductor research, workforce development, chip design, prototyping, packaging, testing, infrastructure sharing and stronger collaboration between government agencies, academia and industry.

VnEconomy-Bạch Dương

Hanoi unveils 100-year master plan through digital exhibition

Fri, 26 Jun 2026 10:10:00 GMT

Scheduled for June 29, the event is expected to attract between 1,000 and 1,200 delegates, including 580 to 780 domestic and international investors.

To bring the 100-year vision of the Capital Master Plan closer to its citizens, Hanoi will launch a large-scale exhibition at the Hanoi Museum, featuring advanced digital technology to illustrate the city's future growth.

According to a press conference held on June 25 regarding the conference to announce the Hanoi Capital Master Plan with a 100-Year Vision and Investment Promotion 2026, the exhibition will be spread across multiple floors of the museum. On the first floor, a circular scale model with a 7-meter diameter will be displayed, providing fully updated information on the latest planning boundaries.

The fourth floor, spanning 1,200 sq.m, has been designed as a "special experience space." In addition to large-scale panels detailing Hanoi’s development throughout history, visitors can witness a 3D Mapping model that visually demonstrates the city’s technical infrastructure and spatial orientation. Guests will also have the opportunity to view 3D documentaries and trial-test an urban planning information lookup system.

The Master Plan covers a natural area of over 3,359 sq.km. It establishes a development structure based on a "multi-tier, multi-layer, multi-polar, and multi-center" model, utilizing the Red River as the primary ecological and cultural landscape axis.

By 2045, Hanoi aims to reach a GRDP of approximately $640 billion, transforming into a global city with a high quality of life. To realize this vision, the city has identified 11 breakthrough solution groups, notably an urban railway system integrated with Transit-Oriented Development (TOD) and a commitment to "Net Zero" emissions.

Scheduled for June 29, the event is expected to attract between 1,000 and 1,200 delegates, including 580 to 780 domestic and international investors.

On this occasion, the city will officially debut a 360-degree digitized data management system for investment projects. This system, along with the digital experience zone, promises to provide a comprehensive overview of investment potential and local products.

As part of the program, Hanoi is expected to grant investment policy decisions and investment registration certificates to key projects, while signing several Memoranda of Understanding (MOUs) with major global corporations.

Vneconomy-Thanh Xuân

Two Vietnamese startups secure places in incubation program in Singapore

Fri, 26 Jun 2026 08:40:00 GMT

The selected startups, Selfomy and Volterra, will gain access to BLOCK71's global network of mentors, investors and corporate partners under the startup ecosystem of the National University of Singapore (NUS).

Two Vietnamese startups have secured places in the incubation program at BLOCK71 Singapore after being selected among the top 10 teams at the UniVentures Global Launch Day 2026, held in Ho Chi Minh City on June 25.

(The selected startups, Selfomy and Volterra, will gain access to BLOCK71's global network of mentors, investors and corporate partners under the startup ecosystem of the National University of Singapore (NUS).

The announcement marked the conclusion of the inaugural UniVentures programme, launched by BLOCK71 Vietnam with support from Singapore's Temasek Foundation to nurture university-born startups. Over nearly one year, the program attracted almost 1,500 applications from more than 80 universities across Vietnam.

Most participating startups focused on emerging sectors such as artificial intelligence (AI), deep technology, clean energy, sustainable materials, education and healthcare.

Selfomy, founded by alumni of the University of London and the University of Medicine and Pharmacy at Ho Chi Minh City, provides AI-powered solutions that help language centres attract new learners and streamline operations. The startup currently serves more than 5,000 active users.

Volterra, established by a team of VinUniversity researchers, students and technology entrepreneurs, is developing smart electric vehicle charging infrastructure integrated with renewable energy, battery storage and AI-powered optimisation. The company aims to convert 30,000 conventional charging stations into green, intelligent charging hubs by 2030, supporting Vietnam's transition to electric mobility.

BLOCK71, the startup arm of NUS Enterprise, operates innovation and startup acceleration hubs across 11 cities worldwide. UniVentures is designed to help Vietnamese university entrepreneurs transform research and innovative ideas into commercially viable businesses capable of expanding into regional markets.

VnEconomy-Như Quỳnh

Vietnam urges US firms to expand high-tech investment

Fri, 26 Jun 2026 07:30:00 GMT

Vietnam aims to establish industrial ecosystems for semiconductors, electronics, and high technology in localities that possess advantages in industrial infrastructure, logistics, human resources, and supply chain connectivity.

Vietnam welcomes US enterprises to continue expanding their operations in the country, particularly in high-tech sectors and industries with high added value.

Deputy Prime Minister Ho Quoc Dung emphasized this during a meeting with Mr. Jeff Place, Chief Supply Chain Officer of Coherent Corp. (US), on June 26, as part of the latter's working visit to Vietnam.

The Deputy PM was quoted by the Vietnam News Agency as stating at the meeting that Vietnam prioritizes attracting foreign direct investment (FDI) projects characterized by high technological content, research and development (RD) capabilities, strong linkages with domestic firms, and human resource training. He added that the country seeks projects that allow for deep integration into global value chains.

Regarding the semiconductor industry, according to the Deputy Prime Minister, Vietnam is currently promoting the development of an ecosystem aimed at deeper participation in stages such as design, packaging, testing, and the production of materials, components, and equipment. Simultaneously, the country is focusing on training high-quality human resources and attracting strategic investors.

Furthermore, he said, Vietnam aims to establish industrial ecosystems for semiconductors, electronics, and high technology in localities that possess advantages in industrial infrastructure, logistics, human resources, and supply chain connectivity. This strategy includes developing supporting industries, enhancing the supply of materials and components, and gradually increasing localization rates within the high-tech value chain.

Mr. Dung also noted that Vietnam encourages the development of data centers and artificial intelligence (AI) infrastructure. These projects should utilize modern, energy-efficient technologies, ensure cybersecurity and data protection, and align with local technical infrastructure planning.

On behalf of Coherent Corp., Mr. Place expressed the group's desire to continue partnering with Vietnam and sharing the fruits of development through investment expansion, high-quality human resource training, and the growth of the semiconductor ecosystem.

Mr. Place highlighted that Coherent is a leader in mastering the entire supply chain—from raw materials and production equipment to finished systems and products for the global market. Consequently, the group aims to work with Vietnam to develop an ecosystem where all parties can benefit and achieve sustainable growth.

In addition to manufacturing, Coherent is placing a strong emphasis on technology RD. The group is currently collaborating with Vietnamese universities not only on human resource training but also on researching new technologies to drive innovation and enhance the overall capacity of the semiconductor industry.

TTXVN-Khanh Chi

HCM City establishes seven high-tech agricultural zones

Fri, 26 Jun 2026 02:17:00 GMT

The zones are designed to serve as centers for research, development and application of advanced technologies in agriculture.

Under a recent decision by the Ho Chi Minh People's Committee, seven High-Tech Agricultural Zones will be established with their operational framework approved, marking a significant step in advancing technology-driven and sustainable agricultural development.

The seven zones will cover more than 1,700 ha across key agricultural areas of the southern city. The zones include 2 facilities in Nhuan Duc commune (88.17 ha and 470 ha), and 5 others in Can Gio (89.74 ha), Cu Chi (23.3 ha), An Nhon Tay (470 ha), Binh Gia (383.22 ha), and Phuoc Hoa (203 ha).

The zones are designed to serve as centers for research, development and application of advanced technologies in crop cultivation, livestock farming, aquaculture, forestry, medicinal plants, biotechnology and post-harvest processing.

They will also function as hubs for testing, demonstrating and transferring new technologies, helping accelerate the modernization of agricultural production while improving efficiency and environmental sustainability.

Under the approved regulations, the zones will undertake a wide range of activities, including applied research, pilot production, controlled testing of new technologies and policy initiatives, technology exhibitions, and scientific and technical services. They will also provide agricultural quality testing services, support business incubation and innovation startups, and train highly skilled agricultural workers.

In addition, the zones are expected to attract domestic and international scientists, experts and investors to participate in the development of high-tech agriculture.

Each zone will focus on sectors suited to local conditions. Can Gio will specialize in high-tech aquaculture, Cu Chi will prioritize crop production and post-harvest technologies, An Nhon Tay will focus on high-tech livestock farming, while Binh Gia and Phuoc Hoa will develop crop cultivation, medicinal plants and forestry. Other zones will support a combination of agriculture, aquaculture and biotechnology-related activities.

VnEconomy-Thi Nguyễn

Hanoi assigned as lead agency for two national railway projects

Fri, 26 Jun 2026 01:30:00 GMT

The two projects proposed for the city’s management include the railway section from Phu Xuyen Station to Ngoc Hoi Station, and the Eastern Ring Railway connecting Hanoi with Hung Yen Province.

Permanent Deputy Prime Minister Pham Gia Tuc chaired a meeting with the Ministry of Construction (MoC), the Hanoi People’s Committee, and various ministries and National Assembly committees on June 25, focusing on a proposal to designate Hanoi as the managing agency for several national railway projects within the city, reported the Government News.

The two projects proposed for the city’s management include the railway section from Phu Xuyen Station to Ngoc Hoi Station, and the Eastern Ring Railway connecting Hanoi with Hung Yen Province. The total investment for these projects is estimated at approximately VND40 trillion (approx. $1.5 billion).

These projects are of strategic importance as they facilitate the relocation of the existing national railway line out of the inner city. This will create the necessary space for urban planning, the expansion of National Highway 1A, and other key infrastructure developments. While standard procedures could see preparation and implementation take 4–5 years, the city aims to complete these projects within the 2027–2028 period.

Mr. Dang Sy Manh, Chairman of the Board of Vietnam Railways (VNR), affirmed that these two projects are prerequisites for the relocation and reorganization of the current Ngoc Hoi – Gia Lam railway section with Hanoi station standing centrally. VNR also recommended further detailed research on the organization of the central station system to ensure long-term operational efficiency.

Concluding the meeting, Permanent Deputy PM Tuc reached a consensus on applying the mechanisms and policies outlined in Resolution No. 258/2025/QH15 to implement the projects. He tasked relevant agencies to urgently finalize the necessary documentation and procedures to report to the Government for a final decision on assigning Hanoi as the lead agency for both the Phu Xuyen – Ngoc Hoi line and the Eastern Ring Railway.

VGP-Pham Long

A strategic shift in Vietnam’s foreign investment policy

Thu, 25 Jun 2026 10:00:00 GMT

Politburo Resolution No. 10 marks a strategic shift in Vietnam’s foreign investment policy, moving beyond mere FDI attraction toward the development of a national investment platform.

Almost seven years ago, on August 20, 2019, the Politburo issued Resolution No. 50-NQ/TW on improving institutions and policies to enhance the quality and effectiveness of FDI cooperation through 2030. The Resolution called for the proactive and selective attraction of FDI, with quality, efficiency, technology, and environmental protection as the primary evaluation criteria. It marked a new direction in the attraction, utilization, and management of high-quality FDI in Vietnam.

Politburo Resolution No. 10-NQ/TW, on developing the foreign-invested economic sector, issued on June 8, 2026, builds on that foundation while reflecting Vietnam’s changing development realities. It marks a decisive shift from an FDI attraction mindset to one focused on building a national strategic investment platform. The emphasis has moved from competing for investment based on administrative boundaries to attracting investment through industrial clusters, value chains, and innovation ecosystems. Quality, efficiency, technology transfer, supply chain participation, and value creation have become the key criteria, while policy support is gradually shifting from input-based incentives, such as tax breaks and land rental preferences, to performance-based incentives tied to investment commitments.

New national context

Vietnam’s large-scale administrative restructuring last year, reducing the number of provinces and centrally-governed cities from 63 to 34 and establishing a two-tier government system, represents a transformative reform effort. These changes play a critical role in reshaping the investment environment and creating new momentum for economic growth.

The FDI landscape is expected to benefit significantly from the elimination of fragmented local interests. Larger provincial units with stronger economic capacity can support integrated transportation and logistics networks instead of the fragmented development model of the past. Compliance costs associated with investment, construction, and environmental procedures are being streamlined. Licensing processes for industrial park projects are expected to become considerably faster, reducing both opportunity cost and waiting times for foreign investors. Expanded planning space also enables the formation of seamless supply chains, making it easier for multinational corporations to secure land and establish integrated industrial ecosystems.

The administrative restructuring has also streamlined government operations and optimized resource allocation. The reduction in provincial-level administrative units and the elimination of district-level authorities are expected to save trillions of VND in budget expenditures. These resources can then be redirected toward critical infrastructure development, including airports, seaports, expressways, healthcare facilities, and education systems that improve workforce skills to support FDI activities.

The new two-tier governance model, consisting of provincial and commune-level authorities, eliminates intermediate administrative layers. At the same time, stronger decentralization empowers local governments to address bottlenecks related to land acquisition, site clearance, electricity and water supply, internet services, wastewater treatment, and waste management more efficiently, particularly in industrial parks and standalone investment projects. This helps unlock local resources and improve project implementation.

Raising RD spending

Politburo Resolution No. 10 positions the FDI sector as a critical link in Vietnam’s ambition to become a regional innovation and operations hub.

Global experience demonstrates that countries with higher RD expenditure as a share of GDP tend to achieve faster and more sustainable advances in economic development as well as science, technology, and innovation. According to the United Nations Conference on Trade and Development (UNCTAD), Israel and South Korea lead the world in this regard, with RD spending accounting for 6.3 per cent and 5.0 per cent of GDP, respectively.

Most of this investment comes from private enterprises, including foreign-invested enterprises (FIEs) and high-tech companies. Other economies with high RD intensity include Taiwan (China), with 3.8 per cent of GDP, the US with 3.5 per cent, Japan with 3.4 per cent, Switzerland with 3.35 per cent, China with around 2.68 per cent, Singapore with approximately 2.0 per cent, and Thailand with 1.2 per cent. Vietnam’s ratio remains comparatively low, at roughly 0.4-0.53 per cent of GDP, ranking it 66th globally.

To achieve a breakthrough and avoid the middle-income trap, Vietnam should aim to raise RD spending to at least 2 per cent of GDP, comparable to Singapore’s current level, in the years ahead. Politburo Resolution No. 10 introduces several breakthrough mechanisms to directly and indirectly do so.

First, it prioritizes investment in core technologies. Vietnam will focus on attracting investors that possess foundational and source technologies, particularly in semiconductors, AI, and big data. These investors may include both large corporations and specialized small and medium-sized enterprises (SMEs) that possess unique technological capabilities and strong RD capacity, enabling them to maintain competitiveness and integrate deeply into global value chains.

Second, the Resolution promotes the development of a global talent ecosystem. Administrative procedures should be simplified and accelerated, visa and residency requirements eased, and work permit regulations reviewed and reduced for high-tech experts, scientists, foreign entrepreneurs, and overseas Vietnamese with relevant qualifications, regardless of whether they retain Vietnamese citizenship.

Third, the Resolution seeks to strengthen technology transfer and domestic-foreign business links. A national supplier development program should be introduced to encourage Vietnamese enterprises to establish partnerships, joint ventures, and collaborations that enhance their ability to absorb technology from FIEs. This, in turn, would improve the RD capabilities of the domestic private sector.

Reforming investment promotion

Politburo Resolution No. 10 marks a major shift from a passive approach that waits for investors to arrive to a proactive strategy focused on cultivating, partnering with, and attracting strategic investors, often referred to as “eagles.”

This transformation is reflected in several key directions.

From broad promotion to targeted engagement: Mass investment promotion campaigns are being replaced by focused outreach, negotiation, and relationship-building with leading multinational corporations, major financial institutions, and large investment funds.

Data-driven investment promotion: The Resolution calls for the development of a comprehensive digital database of strategic investors and customized engagement strategies tailored to specific markets, countries, territories, and industry segments.

Strengthening on-site investment promotion: Greater emphasis is placed on supporting existing investors, resolving operational challenges, and encouraging high-quality expansion projects. Rather than repatriating profits after meeting tax obligations, investors are encouraged to reinvest earnings in Vietnam. This is regarded as one of the most effective ways to build confidence among global investors.

Establishing a dedicated Investment Promotion Agency (IPA): Following the enactment of the Law on Foreign Investment in 1987, the government established the State Committee for Cooperation and Investment (SCCI) in 1989 to manage and attract FDI.

However, after nearly four decades of attracting, managing, and utilizing foreign investment, Vietnam still lacks a true national investment promotion agency that meets international standards. Investment promotion activities have largely been carried out through Investment Promotion Centers (IPCs) under the former Ministry of Planning and Investment, now the Ministry of Finance, and various local agencies that often combine investment promotion with trade and tourism activities.

Under the government’s recent institutional restructuring, the Foreign Investment Agency (FIA) and related investment management functions were transferred from the Ministry of Planning and Investment to the Ministry of Finance. As of 2026, the Ministry of Finance is responsible for developing, approving, and coordinating the National Investment Promotion Program.

The experience of Malaysia and Thailand, widely regarded as ASEAN’s most successful investment promotion models, demonstrates the value of a single national agency with strong authority and a business-oriented philosophy.

Malaysia’s investment promotion system is centered on the Malaysian Investment Development Authority (MIDA), established in 1987 under the Ministry of Investment, Trade and Industry. MIDA serves as the primary point of contact for investors and has authority over investment applications, approvals, and tax incentives.

Thailand’s Board of Investment (BOI), meanwhile, operates under the Office of the Prime Minister, with the Prime Minister serving as its Chair. This gives the BOI substantial authority to overcome bureaucratic obstacles and coordinate effectively across ministries and local governments.

Against this backdrop, establishing a dedicated national IPA that operates independently and according to international standards is increasingly necessary for Vietnam. Such an agency would eliminate fragmentation between the Ministry of Finance and local authorities, serving as a single focal point for national investment attraction strategies during Vietnam’s next phase of development.

It would also professionalize investment marketing efforts, build teams of highly-skilled negotiators and market specialists, and target investors and projects that align with Vietnam’s development priorities. It could also coordinate solutions to issues in land clearance, tax incentives, investor disputes, industrial parks, free trade zones, and local authorities.

Defining roles

Politburo Resolution No. 10 redefines the relationship between different levels of government by assigning the central government responsibility for institutional design and digital governance while local governments focus on implementation. This framework applies across all FDI activities, including research, manufacturing, and services.

At the national level, authorities must strengthen efforts to combat transfer pricing, trade fraud, and environmental violations while withdrawing incentives from projects that fail to meet commitments on technology transfer, product standards, or environmental protection.

Local governments, meanwhile, should transition from a purely administrative role to that of a strategic partner for investors. Their responsibilities include licensing support, site clearance, infrastructure preparation, utility provision, environmental services, and workforce development to ensure investor needs are met efficiently.

Proactive local governance may take the form of “green lane” mechanisms, similar to expedited customs clearance channels, enabling major investment projects to obtain approvals within as little as 48 hours. Local authorities should also promote regional connectivity and facilitate the integration of domestic enterprises into the production and service networks of FIEs operating in their jurisdictions.

With the implementation of Politburo Resolution No. 10, attracting $200-$300 billion in registered foreign investment and disbursing $150-$200 billion in capital, equivalent to roughly $30-40 billion annually, appears both realistic and achievable during Vietnam’s next development phase from 2026 to 2030.

(*) Mr. Le Huu Quang Huy is Vice President of the Vietnam Industrial Park Finance Association, former Director of the Investment Promotion Center for Central Vietnam, and former Economic Counselor at the Embassy of Vietnam in Japan.

VET-Le Huu Quang Huy(*)

Dien Bien launches Vietnam’s first UAV low-altitude economy sandbox

Thu, 25 Jun 2026 07:10:00 GMT

The trial covering four key sectors: agriculture, logistics, healthcare and digital mapping.

The People’s Committee of northern mountainous Dien Bien Province has approved a controlled pilot program, or regulatory sandbox, for digital services and products supporting the development of the low-altitude economy with unmanned aerial vehicles (UAVs) engaged.

The initiative is the first local sandbox model in Vietnam focused on UAV-powered low-altitude economic activities. The pilot is expected to provide practical insights and support the development of policies and regulations governing low-altitude airspace and drone-based services.

State-owned postal operator Vietnam Post will lead the implementation and operation of the pilot program. FPT Corporation and other UAV manufacturers will provide technical support, drone equipment, software platforms and flight-control solutions.

The trial will run from the date the decision takes effect until May 31, 2027, covering four key sectors: agriculture, logistics, healthcare and digital mapping.

Planned activities include the transportation of agricultural products, farming supplies, medicines, medical equipment, laboratory samples and essential goods. In agriculture, UAVs will be used for seeding, crop spraying, fertilizer application, crop monitoring and pest detection. The program will also support topographic surveys, digital mapping and the creation of digital elevation models (DEM).

Dien Bien aims to conduct approximately 6,000 UAV flights during the pilot period while maintaining a flight safety rate of more than 99%.

Local authorities expect the initiative to help evaluate the effectiveness of UAV technology in remote and mountainous areas while laying the groundwork for broader development of Vietnam’s emerging low-altitude economy.

VnEconomy-Hạ Chi

Vietnam leads ASEAN in AI readiness: Microsoft study

Thu, 25 Jun 2026 00:30:00 GMT

Vietnam currently ranks first in ASEAN in the proportion of AI pioneers, with 39% of workers classified as advanced AI users—more than double the global average of 16%, according to Microsoft Vietnam’s Work Trend Index 2026 report.

Vietnam’s workforce is among the most prepared in Southeast Asia to embrace artificial intelligence, but businesses must redesign their operating models to fully translate that advantage into higher productivity and competitiveness, according to Microsoft Vietnam’s Work Trend Index 2026 report released on June 24.

The report, based on analysis of trillions of anonymized productivity signals from Microsoft 365 and a survey of 2,000 knowledge workers in Vietnam, suggests the country is rapidly entering the AI era.

Vietnam currently ranks first in ASEAN in the proportion of AI pioneers, with 39% of workers classified as advanced AI users—more than double the global average of 16%.

According to the report, AI pioneers are employees who have integrated AI deeply into their daily work. Rather than using the technology solely for routine tasks, they apply it to higher-value activities such as information analysis, complex problem-solving, evaluating options and generating innovative ideas.

The findings also indicate that Vietnamese workers largely view AI as a tool to enhance human thinking rather than replace it. As many as 89% of AI users in Vietnam said they treat AI-generated outputs as a starting point for deeper analysis rather than as final answers.

This suggests that AI is increasingly being used to support decision-making, while critical judgment, evaluation and accountability remain firmly in human hands.

The impact on workplace performance is already becoming evident. The report found that 76% of Vietnamese AI users are now producing work outcomes that would have been impossible for them to achieve a year ago. Among AI pioneers, the figure rises to 83%.

While these results highlight Vietnam’s growing strength in AI-enabled talent, Microsoft noted that workforce capability alone is not enough. To turn this advantage into sustainable competitive gains, businesses will need to adopt new organizational structures, operating processes and governance models that fully leverage AI-driven transformation.

VnEconomy-Dũng Hiếu

Attractive offerings from Vietnam's International Financial Center

Wed, 24 Jun 2026 10:30:00 GMT

As the International Financial Center in Vietnam comes into being, the task now at hand is shaping core product portfolios that appeal to investors.

As both the global and domestic economies undergo profound structural shifts, the need to develop breakthrough financial products for Vietnam’s International Financial Center (IFC), headquartered in Ho Chi Minh City and Da Nang, has become increasingly urgent. Such products are expected to attract long-term capital, provide solutions to national-scale bottlenecks, and elevate the standing of Vietnam’s financial market.

Recent directives from the government have sent strong signals regarding a new wave of economic institutional reform. On June 2, 2026, Prime Minister Le Minh Hung chaired a meeting on IFC implementation, assigning ministries and agencies to coordinate with specialized bodies to urgently design flagship product portfolios for the IFC in Ho Chi Minh City and Da Nang.

Ho Chi Minh City IFC

With contributions from a seven-member founding alliance comprising the Sovico Group, VinaCapital, Nasdaq, three major commercial banks (MB, TPBank, and SHB), and Son Kim Capital, the Ho Chi Minh City IFC (VIFC-HCMC) possesses an ideal platform for implementing sophisticated capital structures that combine financial and technological resources with underlying asset infrastructure to create transformative core products.

The first flagship product is a Digital Project and Sustainability Bond framework designed to mobilize and direct long-term capital from international institutions into strategic infrastructure megaprojects and key social housing and rental housing programs in the city, thereby easing budgetary pressures.

VIFC-HCMC could propose a Digital Bond issuance model under which issuers would include the Ho Chi Minh City Finance and Investment State-Owned Company (HFIC) or authorized State-owned corporations responsible for project implementation.

These bonds would not rely on State budget allocations for repayment. Principal and interest obligations would be secured by domestic revenue streams. For project and green infrastructure bonds, repayment sources would include future operating revenues, commercial and service exploitation rights, or land auction proceeds. For social housing and rental housing bonds, repayment would be supported by housing sales revenues or recurring rental income.

A portion of these VND-denominated revenues could be converted into USD through currency swap instruments provided by member commercial banks, thereby reducing exchange-rate risks associated with servicing USD-denominated bonds sold to international investors through the Nasdaq connectivity platform.

The Digital Bond model would operate under a two-tier structure.

Tier 1 - Private Placement and Initial Liquidity Creation: Project entities would issue VND-denominated Digital Bonds through private placements directly on the IFC’s technology platform. International investment funds and financial institutions within the IFC ecosystem would serve as anchor investors, committing to purchase 60-70 per cent of each issuance. The IFC platform, in coordination with founding commercial banks, would provide automated digital foreign-exchange conversion mechanisms, simplifying currency conversion procedures and enabling direct VND disbursement to projects without placing pressure on the State budget.

Tier 2 - International Public Distribution Through the VIFC-Nasdaq Connectivity Platform: The remaining bond volume would be listed in USD on a dedicated digital board operated by VIFC-HCMC. Through direct technological integration with Nasdaq, these Digital Bonds would be displayed simultaneously on both platforms, allowing international investors to place orders and trade in USD via Nasdaq’s infrastructure. Nasdaq’s system would automatically match orders against the underlying assets listed on VIFC-HCMC, ensuring real-time cross-border liquidity while complying with domestic monetary security requirements.

To enhance attractiveness, internationally-linked Digital Bonds issued within the IFC sandbox environment should be granted a zero-tax regime covering foreign contractor tax, dividend income tax, and capital gains tax. Foreign investors would also be guaranteed the right to freely convert currencies and repatriate capital and profits in USD. Administrative friction would be minimized through real-time RegTech (regulatory technology) monitoring systems integrating anti-money laundering (AML) controls and electronic Know-Your-Customer (eKYC) processes on blockchain-based infrastructure.

The second product is an international marketplace for fundraising and intellectual property (IP) tokenization. A major challenge in implementing the Law on Support for Small and Medium-Sized Enterprises is that technology companies and innovative startups often possess valuable IP and patents but face difficulties accessing capital due to the challenges of valuing intangible assets and the banking sector’s concerns regarding collateral.

VIFC-HCMC could address this bottleneck by tokenizing IP assets, such as patents and software copyrights, into blockchain-based IP Tokens. Legal documentation, certification histories, and projected revenue streams would be embedded into smart contracts, ensuring transparency and immutability.

Once packaged, these IP Tokens could be listed on a dedicated digital board within VIFC-HCMC, utilizing technology infrastructure linked to Nasdaq’s digital asset and cross-border trading systems. Through this direct connection, international venture capital funds would gain access to the IP assets of Vietnamese small and medium-sized enterprises (SMEs).

Fund managers would serve as anchor investors supporting market liquidity, while the alliance of the three commercial banks would act as custodians of underlying assets and provide working-capital credit lines based on real-time token valuations.

The third product is a global tokenized agricultural commodities and carbon credit exchange. Each year, tens of billions of USD worth of key Vietnamese agricultural exports, including coffee, rice, and pepper, remain dependent on pricing mechanisms determined by overseas commodity exchanges.

Through its strategic relationship with Nasdaq, VIFC-HCMC should establish a tokenized agricultural commodities and carbon credit exchange. Combining international matching-engine technology, clearing and settlement capabilities from founding commercial banks, and the logistics networks of diversified corporate members would enable Vietnam to gain greater control over pricing for its agricultural products.

Farmers and businesses would benefit from transparent pricing and direct trading through digital certificates, reducing intermediary financial costs and retaining more value within domestic agricultural supply chains.

Da Nang IFC

While Ho Chi Minh City represents the depth of the corporate capital market, the 12 official members of VIFC Da Nang possess stronger financial technology capabilities. Based on this foundation, several core products could be developed.

The first product would be a Digital Bond framework supporting logistics infrastructure across central Vietnam. Similar to the VIFC-HCMC model, it would adopt a two-tier structure, with institutional placements at Tier 1 and retail distribution through Da Nang IFC’s International Digital Asset Exchange at Tier 2.

Bond repayment obligations would be supported by future revenues from port services, warehousing fees, and transportation services generated by pilot logistics networks across the region.

The second product is a dedicated offshore digital banking institution. To fully leverage the special mechanisms established under Resolution No. 259/2025/QH15, Da Nang should consider developing a dedicated offshore digital banking model to strengthen its competitiveness against regional financial centers such as Singapore and Hong Kong (China).

Under this framework, non-resident offshore accounts would operate in a zero-tax environment with unrestricted capital mobility. State-owned commercial banks, in collaboration with digital financial groups, would provide real-time payment services and specialized foreign exchange hedging infrastructure.

This would create a critical financial pipeline facilitating cross-border capital flows while reducing administrative friction costs for foreign trade activities by an estimated 1.5-2 per cent for FDI enterprises operating along the East-West Economic Corridor.

A key innovation of the model lies in replacing paper-based administrative controls with digital infrastructure. Cross-border eKYC procedures, AML compliance checks, and unusual transaction monitoring would be fully automated using decentralized technologies and AI operated by the IFC’s technology and legal alliance.

This smart governance framework could reduce operating costs by up to 60 per cent compared to traditional models while creating a secure environment for attracting foreign capital without undermining domestic monetary stability.

In conclusion, by designing a portfolio of flagship products closely aligned with the strengths of founding members and fully leveraging the institutional and technological advantages of the IFC to address practical national and local challenges, Vietnam can transform the IFC into national models of innovation.

These breakthrough products represent the strategic intersection between the government’s macro-economic management objectives, local aspirations for institutional reform, and the economic interests and development ambitions of participating members. They can serve as a launchpad for Vietnam’s financial market to navigate increasingly challenging global macro-economic conditions and contribute meaningfully to the country’s goal of rapid and sustainable development in the new era.

VET-Hong Ha

Official evaluation criteria for public service AI platforms released

Wed, 24 Jun 2026 08:50:00 GMT

This new framework serves as a benchmark for assessing the integration of AI across 14 ministries, three ministerial-level agencies, and 34 localities nationwide.

The Minister of Science and Technology has officially issued Decision No. 2847/QD-BKHCN, establishing a comprehensive set of criteria to evaluate national-level Artificial Intelligence (AI) platforms designed to support public services.

This new framework serves as a benchmark for assessing the integration of AI across 14 ministries, three ministerial-level agencies, and 34 localities nationwide.

The evaluation framework operates on a 100-point scale divided into two primary groups. Group A, accounting for 35 points, assesses general criteria including legal compliance, source citation, data boundaries, AI security, personal data protection, and AI ethics. Group B, worth 65 points, evaluates specialized capabilities such as the platform’s ability to summarize, analyze, and provide professional guidance based on publicly available government documents and sector-specific regulations.

Under the new guidelines, a platform must achieve a total score of at least 70 points to be approved for official deployment. In addition to the total score, it must secure at least 50% of the maximum points in Group A and contain no "disqualifying" marks. Platforms scoring between 50 and 70 points will be permitted to enter a trial phase, provided they undergo upgrades and a re-evaluation within two months. Any platform scoring below 50 points will be deemed ineligible for testing.

A standout requirement of the criteria is the emphasis on technological autonomy. To qualify for trial participation, platforms must utilize Vietnamese Large Language Models (LLMs) developed and owned by domestic enterprises. Furthermore, the entire infrastructure for training, inference, and service provision must be physically located within Vietnam.

Beyond technical requirements, the ministry mandates that platforms must have robust protocols for reporting serious incidents and demonstrate high-load capacity. Specifically, these AI systems must be capable of serving at least 5,000 concurrent users during the trial phase and must scale to support a minimum of 50,000 concurrent users once officially implemented.

Vneconomy-Bạch Dương

Vietnam in early stages of quantum technology development

Wed, 24 Jun 2026 08:20:00 GMT

Delegates argued that quantum technology should be viewed not only as a technical field but also through the lenses of philosophy, epistemology, political economy, and developmental methodology.

Quantum technology is a new developmental frontier with the potential to create major breakthroughs in science and technology, profoundly transforming perceptions, production methods, social governance, and the way we reshape the world.

President of the Ho Chi Minh National Academy of Politics, Mr. Doan Minh Huan, made the remark at a scientific seminar titled "Quantum Technology in the New Era: International Trends, Opportunities, and Requirements for Vietnam," held in Hanoi on June 23.

As a strategic technology identified under the Politburo's Resolution No. 57-NQ/TW, quantum technology offers significant room for both basic and applied research. Recognizing development trends early is vital for strengthening strategic autonomy and ensuring national interests. Furthermore, it bridges the gap between theoretical thinking, strategic personnel training, and modern scientific knowledge, according to Mr. Huan.

While quantum technology is a challenging field requiring comprehensive preparation—ranging from scientific foundations and research infrastructure to human resources and organizational models, Vietnam cannot remain an outsider, said President of the Vietnam Academy of Science and Technology, Prof. Tran Hong Thai. He described it as a strategic technology capable of reshaping the future development of nations.

Regarding the approach, Prof. Thai noted that Vietnam must be proactive without being hasty, avoiding a comprehensive "all-out" race while refusing to remain a mere observer.

In his report, "Current Status, Bottlenecks, and Requirements for Vietnam in Quantum Technology Development," Dr. Nguyen Quoc Hung, Director of the Quantum Technology Institute (Vietnam National University, Hanoi), stated that Vietnam is currently in the early stages of development. While some specialized research facilities are beginning to take shape, actual capacity and operational mechanisms are not yet fully ready.

The report identified key bottlenecks, including the lack of a national-level policy, the absence of an interdisciplinary coordination architecture, limited specialized infrastructure, and a shortage of highly specialized human resources. Furthermore, corporate participation remains low, and existing financial, procurement, and evaluation mechanisms are ill-suited for high-risk, long-cycle technologies.

Based on these findings, Dr. Hung proposed that Vietnam adopt a focused strategy, prioritizing information security, post-quantum cryptography, sensors, and human resource training.

During the seminar, delegates argued that quantum technology should be viewed not only as a technical field but also through the lenses of philosophy, epistemology, political economy, and developmental methodology. Quantum technology is essentially the "technologization" of the principles of quantum reality, making tangible what were once abstract elements such as wave-particle duality, fields, information, and the microscopic states of matter.

Moreover, this field is directly linked to strategic competition, the new international division of labor, the ability to master high-tech value chains, data security, and national digital sovereignty.

Consequently, Vietnam needs to adopt a "quantum ecosystem" mindset. This encompasses multidisciplinary quantum science, quantum philosophy, quantum thinking, human resources, research infrastructure, governance capacity, market mechanisms, and international cooperation. Such an approach will ensure autonomy not only in technology but also in thinking, theoretical foundations, developmental resources, and basic scientific methodologies.

Vneconomy-Hạ Chi

Da Nang launches pilot Digital Twin Project to advance smart city ambitions

Tue, 23 Jun 2026 23:30:00 GMT

The initiative is an integrated digital environment that combines data on urban planning, land use, technical infrastructure, buildings, the environment, transportation and other specialized sectors onto a unified platform.

Central Da Nang city authorities have approved a pilot Digital Twin project, marking a significant step in its efforts to become a smart city, an innovation hub and an “AI City” in the coming years.

The Digital Twin initiative will be implemented on a pilot basis from 2026 to 2028, initially focusing on urban planning management in selected priority areas.

A Digital Twin is more than a three-dimensional model of a city. It is an integrated digital environment that combines data on urban planning, land use, technical infrastructure, buildings, the environment, transportation and other specialized sectors onto a unified platform. The system enables authorities to visualize real-world conditions, monitor developments, conduct analysis, run simulations, generate forecasts and support data-driven decision-making.

The pilot project will focus on building a Digital Twin platform, standardizing and digitizing data from multiple sources, and integrating them into a centralized system. Key components include the development of 2D and 3D visualization models, the application of advanced technologies such as artificial intelligence (AI), geographic information systems (GIS), the Internet of Things (IoT), and data modeling and analytics.

The city also plans to establish governance and operational frameworks to ensure the secure, efficient management and utilization of data.

According to city authorities, the project reflects Da Nang’s commitment to modernizing urban governance by treating data as a strategic resource and technology as a catalyst for innovation. Improving services for residents and businesses will remain a central objective.

The Digital Twin initiative is expected to lay the foundation for a modern digital city capable of forecasting trends, adapting to emerging challenges and supporting sustainable development in the years ahead.

VnEconomy-Ngô Anh Văn

Evolution of visual journalism

Tue, 23 Jun 2026 09:30:00 GMT

The use of data journalism makes information more engaging and understandable for readers via charts, graphs, and other visualization tools.

Data journalism is emerging as an inexorable trend amid the rapid advancement of digital technologies, reshaping how information is produced and consumed. In Vietnam, this transformation is not only a challenge but also an opportunity for the media industry. By enabling journalists to analyze and visualize complex information, data journalism is gradually becoming essential to enhancing the quality and reliability of news coverage.

The term data journalism refers to a form of reporting that uses data to tell stories. Rather than relying solely on text and images, it combines charts, graphs, maps, and other visual tools to present information in a more engaging and understandable manner. This approach helps readers better grasp complex issues while also strengthening transparency and trust in the information being presented.

Growing influence

Major news organizations in Vietnam have begun paying greater attention to and investing in data journalism. Publications such as VnEconomy, Tuoi Tre, Thanh Nien, and VnExpress have increasingly incorporated data-driven reporting into their coverage, particularly in areas such as economics, politics, and social affairs. The use of data not only makes stories more compelling but also provides readers with deeper and more comprehensive insights into current events.

One of the greatest advantages of data journalism is its ability to transform complex information into clear visual narratives. Instead of presenting readers with raw figures and statistics, journalists can use charts, graphs, and other visualization tools to make information more engaging and easier to understand. This not only improves accessibility but also enhances transparency and public confidence in the reporting.

However, achieving this requires journalists to possess strong data analysis skills and proficiency in data visualization tools. This remains a significant challenge for many traditional journalists who may not yet be familiar with technology-driven reporting methods. To address this gap, many newsrooms have introduced training programs focused on data journalism, equipping reporters with the skills and knowledge needed to work effectively with data.

Legal and data access challenges

Data journalism, however, also presents a range of ethical and legal challenges. The use of data requires journalists to comply with privacy and data protection regulations while ensuring the accuracy and integrity of the information they publish. As a result, news organizations must establish rigorous processes for data verification and validation to ensure that published information is both accurate and trustworthy.

One of the most significant obstacles facing data journalism in Vietnam is access to reliable data sources. The collection and retrieval of data remain difficult due to the limited availability of open and transparent public datasets. This requires journalists to develop strong skills in sourcing information from multiple channels, as well as the ability to assess the reliability and accuracy of the data they obtain.

Despite these challenges, data journalism continues to gain momentum in Vietnam. Many news organizations are investing in both technology and human resources to strengthen their data journalism capabilities, with the goal of improving the quality and credibility of their reporting. These investments not only help attract larger audiences but also contribute to enhancing the reputation and standing of Vietnamese journalism on the international stage.

Looking ahead, data journalism is expected to continue expanding and become an integral part of the news industry. As technology advances and the volume of available data increases, data-driven reporting will become more widespread and play an increasingly important role in delivering accurate and reliable information to the public.

According to experts, data journalism is not merely a trend but a major opportunity for Vietnam’s media sector. By harnessing the power of data and technology, news organizations can improve the quality and credibility of their reporting while reaching a broader audience. To realize this potential, however, journalists must continually enhance their skills and remain committed to ethical and legal standards in the use of data. Only then can data journalism fully demonstrate its value and contribute meaningfully to the development of Vietnam’s news industry.

Mr. Le Quoc Minh, Member of the Party Central Committee, Editor-in-Chief of Nhan Dan newspaper, and Deputy Head of the Central Commission for Communication and Mass Mobilization.

The adoption of AI in Vietnam is accelerating rapidly. AI is now being applied across a wide range of sectors, including education, healthcare, climate change, and journalism, significantly reducing the amount of human labor required. In reality, journalism today is already operating in fundamentally different ways.

However, the rapid adoption of AI and the extensive use of data also bring significant challenges. Around the world, AI-powered websites have emerged that can produce far more content than major news organizations such as the New York Times or the Washington Post. At the same time, AI has heightened the risks of misinformation, propaganda, and information manipulation. As a result, the ability to verify information increasingly depends on the knowledge and critical thinking skills of audiences.

Copyright is another growing concern. In the past, copyright infringement largely involved copying or repurposing journalistic content. Today, AI systems routinely scrape news content to train their models without providing any compensation to the organizations that produce the original material.

Beyond these issues, AI also poses broader social risks. Training data often contains inherent biases and lacks consistent ethical standards. Without proper safeguards, AI systems can reinforce “echo chambers” that amplify existing prejudices, including gender bias, discrimination, and other forms of social bias. If left unchecked, these effects could become increasingly difficult to control.

Mr. Bui Binh Minh, Head of the Multimedia Division, VietNamNet

Data journalism is not a new concept, and many news organizations in Vietnam have already embraced it. However, implementing it effectively remains a challenge.

One of the biggest hurdles facing news organizations today is the initial investment required, along with identifying data-driven content that aligns with audience interests. At its core, data journalism is about transforming data into valuable information. Broadly speaking, there are two approaches: broad scanning, which involves collecting data from a wide range of sources, and deep analysis, which focuses on mining, aggregating, and interpreting data to uncover meaningful insights.

Currently, many Vietnamese news organizations favor the broad-scanning approach, gathering and organizing information around a particular topic before presenting it to readers. While this method is relatively easy to implement, it can also overwhelm audiences with excessive amounts of content. Readers may not have the patience to work through large-scale formats such as mega stories or e-magazines packed with datasets, charts, and visualizations.

News organizations therefore need to place greater emphasis on deep analysis. Interactive maps could, for example, provide concise yet detailed statistics on cities and provinces following the transition to a two-tier local government model. Another practical application would be analyzing high school and university entrance examination score distributions, helping students assess their admission prospects and make better-informed choices about where to apply.

Technology experts often describe data as the world’s new oil. It has indeed become a critical resource, with perhaps the most visible example being its role in training increasingly sophisticated AI models. Journalism is no exception. By analyzing and uncovering insights from data, news organizations can generate information of significant value, helping readers make faster, more informed, and more effective decisions.

VET-HONG VINH

Vietnam to launch agro-forestry-fishery traceability system on July 1

Tue, 23 Jun 2026 02:00:00 GMT

The system currently records over 18,000 products from 149 participating enterprises across 26 provinces and cities, indicating a high level of readiness ahead of the official launch.

The Ministry of Agriculture and Environment is fast-tracking final preparations to launch the national agro-forestry-fishery traceability system, scheduled to become operational on July 1, 2026.

To date, technical infrastructure, data integration, and pilot programs have yielded positive results, creating a foundation for enhanced transparency, management efficiency, and the ability to meet both domestic and international market requirements.

Reporting at a meeting on June 22 regarding the system’s readiness, Mr. Nguyen Van Long, Director of the Department of Science and Technology (Ministry of Agriculture and Environment), stated that the ministry has highly focused on the upcoming launch. These efforts are being implemented across three synchronized pillars: perfecting the institutional framework, building technical infrastructure, and organizing data connections and pilot operations.

According to Mr. Long, a critical component of the preparation involves data connection and integration. The ministry has directed specialized agencies, local authorities, and businesses to collaborate in sharing foundational data, such as planting area codes, packing facility information, and laboratory testing data.

As of now, most solution providers have completed connectivity within the testing environment and are expected to finish all requirements by June 30. The system currently records over 18,000 products from the 149 participating enterprises across 26 provinces and cities, indicating a high level of readiness ahead of the official launch.

Parallel to infrastructure development and data integration, the ministry has conducted pilot operations for several key commodities, most notably the export durian industry. Initial results show that the system has effectively supported the traceability of shipments, contributing to increased transparency and meeting the stringent demands of international markets.

Speaking at the meeting, Deputy Minister of Agriculture and Environment Hoang Trung said: "The connection and sharing of data must strictly adhere to the principle of 'single declaration, multiple uses' to avoid redundant investment and maximize data utilization efficiency."

Vneconomy-Chu Khôi

HCM City targets services sector to contribute up to 75% of GRDP by 2040

Tue, 23 Jun 2026 01:30:00 GMT

The target is part of the southern city's strategy to become a leading services hub in Southeast Asia.

Ho Chi Minh City has set an ambitious goal of increasing the contribution of the services sector to 60–65% of its Gross Regional Domestic Product (GRDP) by 2030 and 70–75% by 2040, as part of its strategy to become a leading services hub in Southeast Asia.

The city’s People's Committee has issued a plan to implement a project aimed at transforming the southern metropolis into a major national and regional services center, focusing on high-value, modern service industries.

Under the plan, the services sector will remain the primary engine of economic growth and play a leading role in restructuring the economy toward greater efficiency, modernization and sustainability. The city targets annual service-sector growth of 12–14% during the 2025–2030 period. Between 2030 and 2040, service-sector growth is expected to remain strong at 11–13% per year.

The strategy identifies three groups of priority industries. Strategic sectors include finance, banking and insurance; information and communications; transportation, warehousing and logistics; science, technology and innovation; and tourism. Potential growth sectors include education and training, healthcare, and digital economy services, while supporting sectors comprise trade, real estate, arts, sports and entertainment.

A key feature of the plan is the implementation of a “5+1” development model, with Ho Chi Minh City - based Vietnam's International Financial Centre serving as the core and linked to five strategic service hubs: a maritime and logistics center; an information, communications, science and innovation center; a tourism center; a healthcare center; and an education and training center.

By 2030, the city aims to become Southeast Asia’s leading services center and maintain its role as Vietnam’s economic powerhouse in digital economy development, finance, science and technology, logistics, tourism, education and healthcare.

Looking further ahead, the city targets becoming one of Asia’s leading service hubs by 2035 and joining the world's top 100 fastest-growing, most modern and sustainable cities. By 2045, it aspires to achieve global service-center status and rank among the world's top 50 rapidly developing, modern and sustainable cities.

VnEconomy-Minh Huy

Da Nang launches AI-powered digital public service stations

Mon, 22 Jun 2026 09:30:00 GMT

The initiative applies artificial intelligence (AI) and advanced intelligent recognition technologies to streamline administrative procedures and improve public services in the central city.

The People's Committee of Da Nang, in collaboration with the Vietnam Bank for Agriculture and Rural Development (Agribank), on June 19 launched a pilot model of Smart Kiosks and a digital document authentication and certification system, known as Digital Public Service Stations.

The initiative, which is being piloted at 11 locations across the city, applies artificial intelligence (AI) and advanced intelligent recognition technologies to streamline administrative procedures and improve public services in the central city.

Through the self-service kiosks, residents can quickly and conveniently submit requests for certified digital copies of official documents. The system automatically scans original documents, verifies their authenticity and validity, and transfers the information to authorized officials for processing and issuance of legally recognized electronic copies.

According to city authorities, the new platform is expected to reduce administrative workloads, allowing public servants to focus on more specialized tasks while improving processing efficiency and service quality.

As the pilot program progresses, Da Nang plans to further refine and expand the system, aiming to create a more modern, efficient and citizen-centric public administration ecosystem while advancing the development of a sustainable digital society.

VnEconomy-Ngô Anh Văn

Vietnam among top global users of Google’s AI research tool NotebookLM

Mon, 22 Jun 2026 08:00:00 GMT

Vietnam's strong adoption of NotebookLM reflects the country's growing interest in applying artificial intelligence to education, research and business activities.

Vietnam has emerged as one of the world's leading users of NotebookLM, Google's AI-powered research and knowledge management tool, according to data released by the technology giant.

As of 2025, Vietnam ranked among the top 10 countries globally in terms of NotebookLM users. The country also led the world in the number of views generated by publicly shared notebooks, based on Google's internal data as of July 2025.

The figures underscore the growing demand for artificial intelligence tools that help users research, organize and process information more efficiently as the volume of digital data continues to expand rapidly.

Vietnam's strong adoption of NotebookLM reflects the country's growing interest in applying artificial intelligence to education, research and business activities, as organizations and individuals increasingly seek digital solutions to improve productivity and decision-making in the AI era.

VnEconomy-Như Quỳnh

Nokia’s strategic paradigm shift in Vietnam’s AI super-cycle

Mon, 22 Jun 2026 07:30:00 GMT

Mr. Hiro Miura, General Director of Nokia Vietnam, tells VET’s Truc Quynh about localizing 5G manufacturing, quantum-safe network backbones, and the road toward 6G.

"We believe significant, uninterrupted infrastructure investment is required to support the heavy-load networks that AI brings to society. Our technologies are engineered to support Vietnam’s national endeavor from now to 2030," said Mr. Hiro Miura, General Director of Nokia Vietnam.

Nokia has recently signaled a significant evolution in its global strategy. How is this new vision redefining operations here in Vietnam?

Nokia has shifted from being known for ‘connecting people’ through mobile devices to ‘connecting intelligence.’ We have entered the AI era, and our technology investment now centers on it. In Vietnam, this shift shapes not only mobile networks and 5G deployment, but also our core infrastructure portfolio — optical networks, IP networks, and fixed networks, which are now Nokia’s main pillars.

Nokia’s recent 5G rollout with Viettel across 22 provinces uses locally manufactured equipment. How does this ‘Made-in-Vietnam’ blueprint affect your supply chain resilience, and are there plans for export?

Vietnam’s 5G launch came at the right time for us, aligning with our decision to establish high-tech manufacturing in Bac Giang Province. The network products we manufacture there include baseband units, remote radio heads, and fiber network equipment. Today, all 5G equipment we deliver to Vietnamese operators is made locally — a choice we made for supply chain diversity and resilience. Going forward, our roadmap is for 5G equipment serving the wider Asian market to be exported from our Vietnamese manufacturing base.

Under Nokia’s Edge Cloud vision and your collaboration with Viettel, NVIDIA, and Ericsson, how will edge computing widen access to AI processing for SMEs in fragmented industrial zones?

This ecosystem is driven by the AI-RAN Alliance [AI RAN: Artificial Intelligence Radio Access Network — a technology that integrates AI into cellular networks to automatically optimize data speeds, frequencies, and energy efficiency directly at the base stations]. Viettel is actively collaborating within this ecosystem, and Nokia — as a leading member of the alliance — supports these initiatives. We have also formed a deep-tech partnership with NVIDIA on AI RAN innovation, investing to make our radio software stack run natively on NVIDIA’s accelerated computing platform.

What are the core components of AI RAN, and what is the current timeline for deployment?

AI RAN architecture has three components: AI for RAN, AI on RAN, and AI and RAN. AI for RAN is a mature technology available today — our Self-Optimized Network (SON) solution already uses AI to maximize spectral efficiency and automate network design for operators such as Viettel, VNPT, and Mobifone. AI on RAN and AI and RAN form our deeper integration with NVIDIA; we are advancing through this phase and are on schedule to bring these capabilities to market in the near future.

Capital markets are tightening globally. Why does Nokia stay optimistic about high-cap infrastructure investment in Vietnam during a period of selective spending?

The AI cycle has begun, but we are still in its early phase, and infrastructure spending will grow substantially. This extends beyond the radio network to heavy infrastructure such as subsea cables and cross-border connectivity, which operators like Viettel, VNPT, and Mobifone are already building. The Vietnamese government has also taken decisive steps to drive national digital transformation toward 2030. That creates real demand for robust infrastructure, and Nokia is positioned to support these investments.

Skeptics note that 5G has yet to deliver clear ROI for operators. How does Nokia help partners like Viettel and VNPT monetize 5G Advanced for the B2B enterprise segment?

5G is still in its early stages in Vietnam, and 5G Standalone (5G SA) has not yet gone commercial here. But mature markets show where the value lies: in Singapore, operators have advanced 5G SA slicing features that now contribute to both their consumer and enterprise businesses. Realizing this domestically depends on migrating to 5G SA, which unlocks capabilities such as network slicing. As Vietnamese operators move in that direction, we are working with them on proven monetization frameworks for the B2B segment.

Your recent MOU with VNPT underscores a ‘Security by Design’ framework. How does Nokia secure Vietnam’s 5G backbone against sophisticated cyber threats?

Nokia deploys a specialized telecom security portfolio. We implement our Cybersecurity Dome, which delivers tailored protection for telecom networks. Our hardware is also built as a quantum-safe network: quantum computing will sharply accelerate processing power, so code-breaking that would take a hacker a century today could take minutes in the future. Nokia preemptively addresses this by embedding post-quantum encryption into our network equipment, safeguarding Communication Service Providers (CSPs) against both current and future cryptographic vulnerabilities.

While 5G is still being optimized, Nokia is already discussing 6G with Vietnamese leadership. What foundational milestones must Vietnam clear to secure 6G readiness?

Vietnam is at the start of its 5G and 5G Advanced journey, but it is worth preparing now. 6G standardization has already begun: the 6G study in 3GPP Release 20 is due to conclude in March 2027, followed by implementation specifications in Release 21, expected around the end of 2028, with productization to follow.

A key requirement will be new mid-band spectrum, particularly the 6–8 GHz range, which balances coverage and capacity. Nokia works globally with operators, regulators, and the ITU-R on allocating this spectrum. Vietnam has made strong progress here, reserving 700 MHz in the upper 6 GHz range for IMT communications at the end of 2025.

On research, Nokia is shaping a shared 6G vision with industry peers, academia, and research institutions across the US, Europe, and Asia-Pacific. In the Asia-Pacific region, we contribute to national programs such as XGMF in Japan, the 6G Bharat Alliance in India, and the 6G Forum in Korea, alongside bilateral collaborations with operators and universities. For Vietnam, continuing a proactive spectrum and frequency strategy with the Ministry of Information and Communications and the Ministry of Science and Technology will help map out the most effective bands for 6G.

vneconomy-Mai Truc Quynh

Data as a foundation of economic journalism

Mon, 22 Jun 2026 03:30:00 GMT

Tap chi Kinh te Viet Nam / Vietnam Economic Times/ VnEconomy was one of the pioneers in accessing information from the National Statistics Office for analysis, forecasting, and policy evaluation.

When Vietnam’s economic reforms were still in their early stages, in 1991, and the concept of a market economy remained unfamiliar to much of the public and the business community, Thoi bao Kinh te Viet Nam, now known as Tap chi Kinh te Viet Nam (with publications including Tap chi Kinh te Viet Nam, Vietnam Economic Times, and VnEconomy), was established with a mission to disseminate economic knowledge, promote new ways of thinking, and accompany the country’s development journey.

From its earliest editions, the publication quickly developed a distinctive identity. Unlike the one-way reporting style common at the time, its articles did more than deliver information. They introduced readers to the principles of a market economy, explained economic developments unfolding in practice, and shared lessons from international development experiences.

Distinctive voice

As Vietnam transitioned from a centrally-planned economy to a socialist-oriented market economy, such knowledge was particularly valuable. Many readers turned to Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy not only to learn what was happening but also to understand the forces driving economic change.

That approach became the foundation of the publication’s reputation and influence. Its credibility was not built through marketing campaigns but through public demand. Society needed a high-quality economic forum, and readers eagerly embraced Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy as a trusted companion throughout the reform process.

More than simply an economic newspaper, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy was among the pioneering media organizations that helped popularize market-economy thinking during the early years of reform. At a time when Vietnam’s private sector was still in its infancy and businesses were navigating unfamiliar terrain in both commerce and international integration, the publication introduced concepts such as markets, competition, investment, corporate governance, and globalization to a broader audience. In that sense, it not only reported on reform but also helped spread the spirit of reform throughout Vietnam’s economic life.

Over the past 35 years, despite changes in name, format, and technology, the publications of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy have remained committed to a core mission: serving the nation, accompanying the government, ministries, local authorities, and business community while providing readers in Vietnam and abroad with reliable, in-depth, analytical, and practical economic information.

Responsible source

From the early years of reform, through Vietnam’s international economic integration and accession to the World Trade Organization, through global economic crises, post-pandemic recovery, and the digital transformation era, Tap chi Kinh te Vietnam / Vietnam Economic Times / VnEconomy has consistently served as a responsible economic information platform, accurately reflecting economic realities, amplifying the voice of the business community, and contributing to policy dialogue.

One of the defining features of the organization has been the strategic vision of its editorial leadership in anticipating the evolution of modern journalism.

Years before data journalism became a mainstream trend, the leadership of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy had already recognized the growing importance of data in economic reporting. In 2018, for example, it approached the General Statistics Office (now the National Statistics Office) to discuss cooperation on building economic databases to support journalistic activities. It was a forward-looking vision. In economics, data is not merely an illustrative tool; it forms the foundation for stronger analysis, forecasting, and policy evaluation.

As a result, many articles in Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy incorporated charts, graphs, and modern data visualizations, transforming dry statistics into compelling and accessible narratives. The integration of journalism and data became one of the publication’s defining characteristics within Vietnam’s economic media landscape.

Working alongside the Central Commission for Policy and Strategy, research institutions, and domestic and international organizations, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy has organized numerous high-profile economic forums and conferences, creating opportunities for dialogue between policymakers, local authorities, businesses, foreign investors, and experts.

Many valuable recommendations and policy proposals emerged from these forums, contributing to the development and refinement of Vietnam’s socio-economic policies. They also illustrate the growing role of modern journalism, not merely reflecting reality but connecting stakeholders and creating value for society.

The significance of these forums lies not in the number of events held but in their ability to connect participants from across the economy. Policymakers, businesses, researchers, domestic investors, and international investors have used these platforms to exchange ideas, recommendations, and reform initiatives. Through these efforts, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy gradually established itself not only as a media organization but also as a trusted and responsible forum for policy dialogue.

Another pillar of its reputation is its dedicated team of journalists and its network of highly-qualified contributors. Over the past 35 years, the publication has brought together leading economists, researchers, analysts, and experienced reporters and editors with strong professional expertise and a deep sense of responsibility.

This intellectual capital has produced in-depth reporting, insightful perspectives, and valuable analysis that have informed both policymaking and business decision-making.

Beyond journalism

As the organization enters its 35th year, it faces both significant opportunities and unprecedented challenges. The rapid rise of AI, the expansion of digital platforms, increasingly fragmented information consumption habits, and new business pressures are fundamentally reshaping the media landscape. In this environment, innovation is no longer simply a growth strategy, it is a prerequisite for maintaining relevance and leadership.

Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy’s future extends beyond its role as an economic publication. It must evolve into a modern media, data, and economic knowledge ecosystem - a hub connecting policymakers, regulators, businesses, experts, and investors and a trusted economic information gateway for both domestic and international business communities.

To achieve this vision, the organization must continue leading in the adoption of AI, data journalism, analytics, forecasting, and specialized information platforms, creating high-value knowledge products that technology alone cannot replicate.

In the digital era, when data has become a strategic resource and AI is transforming the production, distribution, and consumption of information, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy’s opportunity is not merely to become faster or more technologically advanced. At a higher level, it can aspire to become a center for economic data, analysis, and knowledge, bringing together information, forecasting trends, facilitating policy dialogue, and providing practical solutions for businesses and policymakers alike.

That is how the publication can continue fulfilling its pioneering role as Vietnam advances toward its 2045 development goals. Its 35-year journey is a source of pride, but it also marks the beginning of a new chapter.

Vietnam’s ambition to become a high-income developed nation by 2045 will require modern and inclusive institutions, stronger enterprises, and media organizations capable of shaping thinking, disseminating knowledge, and fostering solutions for development.

With its pioneering tradition, innovative spirit, and commitment to public service, Tap chi Kinh te Viet Nam /Vietnam Economic Times / VnEconomy possesses all the foundations necessary to continue accompanying the nation on this journey, remaining true to the principle that has defined its identity for decades: “Authentic Perspectives - Positive Thinking - Practical Solutions.”

More than a journalistic philosophy, it is Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy’s commitment to supporting the development of Vietnam’s economy today and contributing to the country’s aspiration for prosperity and strength by 2045.

(*) Dr. Nguyen Bich Lam is the former Director General of the General Statistics Office (now the National Statistics Office under the Ministry of Finance)

VET- Dr. Nguyen Bich Lam (*)

"Correct" but “worthy” information

Sun, 21 Jun 2026 09:00:00 GMT

At the forum "Press - Businesses Accompanying to Create the Future," held on June 20, Mr. Dao Quang Binh, Vice Chairman of the Editorial Board, General Director, and General Managing Editor of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, emphasized that the press and businesses must stand together, with “correct” but “worthy” information provided by the press to businesses.

At the forum "Press - Businesses Accompanying to Create the Future" held on June 20 on the sidelines of the National Press Festival 2026 in Hai Phong city, speakers, including journalists and business representatives, discussed and dissected issues to ensure that the press and businesses work closely together, allowing the press to continue playing a leading role amidst the information explosion, social media, and the rising influence of artificial intelligence (AI).

Trust is built from correct information

From a business perspective, Ms. Le Thi Hong Nhi, Deputy General Director of Communications, External Relations, and Sustainable Development at Unilever Vietnam, highly appreciated the important role of the press in connecting information with social context, helping the public understand issues correctly and promoting constructive dialogues. When information is understood correctly, trust will be strengthened; when trust is strengthened, society will have more motivation to act.

"However, trust is not something that exists automatically. Trust must be built from correct information, responsible dialogue, and substantial actions that can be verified," Ms. Nhi said.

Addressing the current state of information, Ms. Nhi stated that social media can rapidly impact readers' emotions. Many unverified pieces of information can spread easily and have a wide influence. In this context, businesses need to proactively engage in dialogue, ensure transparency of information to protect their reputation, while the press needs to maintain a two-way information mechanism to help the public access the full essence of events.

From the perspective of the financial sector, Mr. Chu Hai Cong, Public Relations Director at the MB Bank, noted that Vietnam currently has 137 million mobile connections, 85.6 million internet users, and 78 million social media accounts. According to Mr. Cong, society today is not lacking information, but is facing challenges regarding trust in information. In the era of AI and the explosion of social media, the biggest challenge is no longer accessing information but identifying what is trustworthy information.

To illustrate the impact of the trust crisis, the representative from the MB Bank cited the collapse of Lehman Brothers in 2008 and the crisis at Silicon Valley Bank in 2023. When public trust is damaged, waves of withdrawals and stock sell-offs occur, causing financial institutions to quickly lose liquidity. "Trust is an intangible asset, but when lost, the damage is entirely tangible," Mr. Cong remarked.

In the digital economy, technology helps connect, data helps operate, but trust is the factor that enables society to accept and accompany. Trust is not created by calls for it but is formed through actions and reinforced by the truth. The MB representative also stated that customers may come to the bank for products but will stay because of trust.

Therefore, businesses must be responsible for maintaining transparency, ensuring asset safety, protecting data, and creating real value for customers. At the same time, the press and businesses need to enhance mechanisms for sharing, verifying, and interacting to build a healthy information environment together.

The press must be authentic, aiming for positive effectiveness

Leading the discussion on trust in the current context, Mr. Le Quoc Vinh, Chairman of Le Bros Media Group, raised the question of whether public trust is being shaken by the explosion of fake news and unverified content in cyberspace.

Mr. Nguyen Minh Duc, Deputy Director of Hanoi Press, Radio and Television, believes that trust is an eternal value. The press has legitimacy and must protect the truth. In an era where fake news is rampant, all information needs to be verified and confirmed from multiple sources before publication.

Ms. Vu Thi Anh Hong, Deputy Editor-in-Chief of the Economic - Finance Magazine, stated that public trust is only formed when the press effectively fulfills its role of conveying the truth and disseminating accurate information. Referring to the story of importing scrap materials during 2018-2019, when concerns arose about Vietnam becoming the "world's trash dump," Ms. Hong noted that the press stepped in to clarify information and urged regulatory agencies to implement appropriate solutions.

For the press and businesses to accompany each other, in addition to policy communication, the press needs to spend more time listening to the thoughts and recommendations of businesses, thereby proposing solutions to improve mechanisms and policies that align with reality. Businesses must also be bold in providing information to the press, as there has been a tendency for businesses to hesitate or not truly engage in responding to the press.

Mr. Nguyen Anh Vu, Editor-in-Chief of Culture Newspaper, likened trust to the soft infrastructure of society. The press sometimes chases views, leading to unverified and inauthentic reporting, gradually losing readers. "We can be slow, but it must be true and clean, with reasoning, guiding, and orienting public opinion. Businesses must also build trust through correct business practices and environmental protection," Mr. Vu stated.

Speaking at the panel discussion, Mr. Dao Quang Binh, Vice Chairman of the Editorial Board, General Director, and General Managing Editor of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, affirmed that trust is a particularly important spiritual foundation for the press, businesses, and society as a whole. According to Mr. Binh, the press operates in an environment where social media also reports news, and AI can also create content. Therefore, the distinguishing factor of mainstream journalism is the ability to verify, confirm, and ensure the authenticity of information. "To maintain trust, the press must prioritize authenticity and verification," Mr. Binh said.

However, press information not only needs to be correct but also useful, providing positive value to society, contributing to guiding and promoting development. Information provided by Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy has always aimed for positivity. "The press must not only provide 'correct' but also 'worthy' information which must bring positive effects to society; if it causes harm, it should not be used. The ultimate criterion of the press is that information must be beneficial to society," said Mr. Binh.

In response to the question of how to create a bridge between the press and businesses, Mr. Binh stated that after 35 years of accompanying businesses, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy has now taken a further step to stand alongside businesses. Economic journalism has an advantage since businesses are already the subjects served by the press. However, the editorial office must have an organic connection with the business's communication department, understanding the business to create a bridge. "We have a division to communicate with the PR staff of businesses, with all information conveyed immediately," Mr. Binh said.

Speaking at the panel discussion, Mr. Le Quoc Minh, Chairman of the Vietnam Journalists Association, noted that the press's revenue mainly comes from businesses, making the role of businesses extremely important to the press. Therefore, mutual support is very much needed. However, in recent times, this relationship has evolved differently, leading to a context that businesses feeling apprehensive and complaining that the press is not operating healthily. "The press and businesses must accompany each other, not think that 'you need me, but I don't need you,” Mr. Minh said.

Vneconomy-Nam Khanh

26-year journey of an online economic news platform

Sun, 21 Jun 2026 08:00:00 GMT

VnEconomy’s 26-year journey has been largely in parallel with the ever-changing technological evolution of online news publishing in Vietnam.

Vietnam officially connected to the internet in November 1997, at a time when online applications were mostly limited to email and a handful of websites operated by major technology companies. In journalism, only a small number of news organizations began experimenting with online publishing between 1999 and 2000. Founded in 1998, Thoi bao Kinh te Viet Nam’s online version VnEconomy was one of only a few digital publications to operate as a genuine online newspaper, with content updated on a daily basis.

Over the 26 years since, digital publishing technology has evolved in ways that would have been difficult to imagine back then. The advantages from being an early pioneer enabled VnEconomy to accumulate valuable experience and develop the determination to adopt the most advanced technologies available in journalism.

Initial experiments

The technological foundations of online journalism at the time were vastly different from today’s. This was not merely a reflection of Vietnam’s technological limitations, as digital publishing technology was still in its infancy from a global standpoint.

Comprehensive content management systems (CMS) and database-driven publishing platforms did not yet exist. There was no Google Analytics to measure readership, nor were there cache servers or content delivery networks (CDNs). Theories on online page design and digital graphics were largely adaptations of print newspaper layouts. Serious research into eye-tracking behavior and reader interaction patterns on digital screens would not emerge until several years later.

In the beginning, VnEconomy relied on the technologies available at the time to publish and update news. The work of online reporters and editors was highly manual. Most daily tasks involved receiving content from the print edition, converting fonts, using static HTML editing software such as FrontPage or Dreamweaver, manually inserting hyperlinks, updating homepage links, and uploading HTML files to a server.

Reusing content from other publications, primarily print newspapers, was even more labor-intensive. Articles often had to be retyped manually or, in a more “advanced” process, scanned from printed pages, converted into text using optical character recognition software, proofread, and then incorporated into the HTML publishing workflow. Original reporting followed similarly manual processes from writing through editing and publication.

HTML page design itself was a complex undertaking. One challenge stemmed from the fragmented Vietnamese font ecosystem. Northern publications typically used the TCVN3 (ABC) standard, while VNI was more common in southern Vietnam. Unicode did not become widely adopted across Vietnamese websites and online newspapers until after 2005.

Browser compatibility presented another obstacle. Internet Explorer and Netscape often rendered websites differently, particularly in their support for JavaScript, which enabled animated headlines, moving text, and image effects.

Internet connectivity in Vietnam during the early years depended largely on dial-up connections with extremely slow speeds and a limited user base. As a result, page-loading speed became the primary concern for online newsrooms, often requiring image quality to be reduced to the bare minimum. It was not until the widespread adoption of ADSL broadband technology in 2004-2005 that online newspapers gained the conditions necessary for rapid growth. During the same period, CMS technology became increasingly common, while Google Analytics emerged as a valuable tool for monitoring audience behavior and optimizing site design.

From hyperlinking to AI

As one of the earliest news organizations to develop an online edition, Tap chi Kinh te Viet Nam, formerly Thoi bao Kinh te Viet Nam, has undergone multiple waves of technological transformation. The emergence and rapid adoption of AI since late 2022 triggered a giant leap forward in digital publishing technology at VnEconomy, arguably representing an even more profound shift than the earlier transition from manually-linked static HTML pages to dynamic, database-driven publishing systems.

Beginning in early 2023, the magazine invested in and partnered with technology company Actable AI to develop its own proprietary small language model. A strategic question quickly emerged: why build a proprietary model when large language models such as ChatGPT and Gemini were already delivering impressive results?

The decision to pursue the more challenging path of developing an in-house model reflected a distinct newsroom philosophy. First, the most important values in journalism are authority and accuracy, requirements that can only be fully guaranteed when a newsroom maintains control over the data used to train its AI systems. Second, a proprietary model can continuously incorporate new knowledge drawn from the publication’s extensive content archives, while becoming increasingly cost-efficient over time. Third, ownership of the model enables deep integration of AI capabilities across every stage of newsroom operations, from identifying story ideas and recommending topics to supporting research and data analysis.

From the outset, the magazine’s AI strategy was never about following trends. The goal was comprehensive integration into the content production and distribution process rather than isolated experimentation or individual use cases.

Today, AI is embedded throughout VnEconomy’s CMS, significantly transforming newsroom workflows. Reporters can confidently instruct AI to assist with article production because the data sources used by the system are fully verified, eliminating the risk of fabricated information. Journalists can instantly access relevant data and information within the CMS while working on stories. Conferences, seminars, and interviews can be automatically transcribed, and AI can even generate preliminary article drafts to support reporters.

Comprehensive AI integration has also helped reduce labor-intensive tasks while significantly improving productivity. VnEconomy’s English-language edition operates with a relatively small team yet delivers a greater volume of content with faster publication times and reliable translation quality tailored to economic and business reporting.

The daily podcast production process likewise requires only minimal staffing, as AI automates multiple stages, from selecting articles for summarization to generating audio content using proprietary voice technology.

As AI becomes more powerful and widely accessible, its use in journalism has become increasingly routine. Asking AI to summarize documents, create illustrations, or generate infographics is now as commonplace as using a camera, a pen, or a notebook once was.

Yet AI’s true value can only be measured and validated when it is tightly integrated into a newsroom’s standardized workflows. The distinction lies in moving beyond individual preference or convenience and embedding AI into formal editorial processes. Only then can news organizations effectively monitor, manage, and quantify its impact and productivity gains.

(*) Mr. Nguyen Hoang is a Deputy General Managing Editor of VnEconomy.

VET-NGUYEN HOANG (*)

Bac Ninh plans Free Trade Zone linked to Gia Binh International Airport

Sun, 21 Jun 2026 07:00:00 GMT

Under the northern province's plan, a 5,000-ha free trade zone will be developed as a modern integrated complex combining manufacturing, logistics, trade, services, innovation and digital economy.

Under the adjusted 2021–2030 master plan with a vision toward 2050, which has been approved by the People's Council of northern Bac Ninh Province, a 5,000-hectare free trade zone connected to Gia Binh International Airport will be developed as a modern integrated complex combining manufacturing, logistics, trade, services, innovation and digital economy, according to a report from Vietnam News Agency.

It is envisioned as a gateway connecting Vietnam to global markets, a key hub coordinating economic flows across the northern growth region, and a catalyst for stronger links among Hanoi, Hai Phong, Quang Ninh and neighbouring industrial provinces.

To support the project, Bac Ninh is accelerating investment in Gia Binh International Airport, which is planned to meet ICAO 4F standards. The airport is expected to handle 30 million passengers and 1.6 million tons of cargo annually by 2030, rising to 50 million passengers and 2.5 million tons of cargo by 2050.

VNA-Van Nguyen

Distinctive analytical identity of an economic magazine

Sun, 21 Jun 2026 01:00:00 GMT

A look back over the 30-plus years of Vietnam Economic Times’ growth and development reveals a story of continual reimagining and modernization to meet the requirements of a broad, global readership.

Vietnam Economic Times (VET), the flagship English-language publication of Tap chi Kinh te Viet Nam (formerly known as Thoi bao Kinh te Viet Nam), had humble beginnings in 1994. Today, it has grown into a trusted bridge between Vietnam’s economy and the international community, adapting through technological revolutions while preserving its core commitment to depth and quality.

Early years planting the seeds

VET launched its first issue on March 15, 1994, just a few years after Vietnam began accelerating its “Doi Moi” (Economic Renewal) reforms. Accompanied shortly afterward by The Guide - a monthly travel magazine aimed at international tourists - it filled a critical gap: providing in-depth, English-language coverage of Vietnam’s economic policies, investment climate, business activities, and socio-economic development to foreign readers, diplomats, investors, international organizations, and business communities.

In its formative years, VET benefited from a strategic partnership with Ringier AG, a leading Swiss media group. This collaboration infused the newsroom with international journalistic standards while maintaining a distinctly Vietnamese perspective. One senior editor recalled the intense “dissection sessions” during Cover Story meetings, where teams debated concepts, headlines, photography, and structure with passion. Disagreements between Vietnamese and foreign colleagues were common but always constructive, focused on elevating quality rather than personal ego.

These rigorous processes forged a distinctive “VET quality” - articles that went far beyond news summaries. A truly “VET quality” article is one that combines depth with accessibility. It must deliver high-value information based on official data and up-to-date statistics, offer forward-looking perspectives, and provide maximum reference value for readers. VET articles go beyond merely describing events; they must analyze root causes, examine multi-dimensional impacts, place issues in an international comparative context, and offer practical recommendations.

To achieve this standard, VET’s Editorial Board has established implicit criteria that every reporter’s article must meet before publication.

First is a high level of intellectual content: reporters must thoroughly research the topic to provide exclusive insights. Articles must rely on official data and interviews with leading reputable experts. Next is balance and objectivity, achieved by interviewing three to five relevant stakeholders to combine perspectives from multiple angles. The article must also deliver clear added-value, helping readers find specific solutions for their businesses. Finally, VET’s language must be standard academic English with clear, sharp economic terminology.

Thanks to these standards, before official publication an article must go through at least three rigorous rounds of editing, covering content, language, and layouts. We embrace this meticulousness as a supreme principle to protect our brand.

A cornerstone of VET’s influence has been the Golden Dragon Awards, launched in 2001. To honor the contributions of foreign-invested enterprises (FIEs) in Vietnam, while also motivating the sector’s further development, VET cooperated with the Foreign Investment Agency under the Ministry of Planning and Investment (now the Ministry of Finance) to initiate the Awards program.

Over the past 25 years (2001-2026), with strong support from the FIE business community, VET has consistently maintained the annual program, delivering practical value through a wide range of meaningful activities for FIEs as well as policymakers and regulators. The program has recognized thousands of companies, strengthening VET’s reputation as a credible partner of the business community and creating lasting bridges between policymakers and investors.

Transformation in the digital age

As the digital era brought significant changes, an online publication of VET - VnEconomy - was launched in November 2014, marking the organization’s entry into online publishing.

By late 2020, the parent company Thoi bao Kinh te Viet Nam had transitioned into Tap chi Kinh te Viet Nam. The Guide ceased publication, but VET and VnEconomy continued as key platforms.

Under the leadership of the Chairman of the Editorial Board Dr. Chu Van Lam and General Director Mr. Dao Quang Binh, the organization restructured while maintaining its mission. VET’s role expanded beyond traditional publishing to include high-profile forums, seminars, and dialogues on topics like economic scenarios, growth strategies, and sustainable development. These events, often livestreamed, became vital spaces for interaction among policymakers, experts, diplomats, and businesses.

The most dramatic recent transformation occurred in May 2024, when VET shifted from monthly to weekly publication - without additional staff. This change responded to demands for faster, more frequent analysis amid Vietnam’s deepening global integration.

This transition from a monthly to a weekly magazine was a major milestone, allowing VET to keep pace with readers’ demand for faster information updates in the new era. However, it also posed a difficult challenge for the Editorial Board: maintaining a high-level of intellectual content with analytical articles while meeting the rapid publication rhythm of a weekly newspaper.

The core solution implemented was a comprehensive, scientific, and optimized reorganization of the entire content production process. We created a clear editorial calendar that prioritizes time for in-depth analyses in the Cover Story section, while also allocating time for regular columns and data visualization features. In terms of personnel, the newsroom flexibly combines in-depth reporting from specialized desks with VET’s dedicated English-language writing team.

To suit the weekly format, we maintain intellectual depth through long-form articles while enhancing practicality and visual appeal by incorporating sidebars with expert opinions, charts, and illustrative graphs.

To balance VET’s quality - with in-depth, data-driven, balanced, and forward-looking analysis - while accelerating production weekly, articles now undergo multiple rigorous editing rounds, combining deep reporting with visual elements like charts and expert quotes. The focus remains on high-value content covering environmental, social, and governance (ESG) practices, free trade agreements, FDI flows, supply chains, and green transformation, to name just a few topics.

Thanks to this arrangement, we preserved VET’s distinctive in-depth analytical identity while publishing and distributing every Monday to best meet readers’ needs.

Central to this evolution is Askonomy, VET’s proprietary AI platform. Rather than replacing human expertise, it acts as an intelligent collaborator. It excels at context-aware translation of specialized economic content, fact-checking, data summarization, and structural suggestions. This has dramatically improved efficiency, especially for the increased weekly output.

Looking forward

The journey of more than 30 years of creativity and development at VET has merged with the joy of celebrating the 35th anniversary of Tap chi Kinh te Viet Nam. Looking forward, VET’s spirit will be maintained under three words: Specialized, Flexible, and Pioneering.

Specialized is the anchor of VET’s positioning. We have consistently maintained the identity of articles and research with high intellectual content, using official and reliable data as reference value for readers. Flexible is the ability to adapt quickly to all changes in the times, enabling us to transform powerfully from a monthly to a weekly publication, from print to digital, and from traditional to multi-platform. And Pioneering is the core spirit that allows VET to proudly lead the digital transformation of economic and external affairs journalism in Vietnam through PDF editions, the AI Askonomy application, and the creation of multi-layered interactive journalism products.

These three words reflect VET’s continuous journey of self-renewal. We never cease breaking through or creating, yet we have never strayed from our core values. We always uphold the mission and operating principles of Tap chi Kinh te Viet Nam: Authentic Perspectives - Positive Thinking - Practical Solutions.

Entering a new chapter, VET will continue to keep the flame of passion alive, carrying the mission of ceaseless innovation. VET is committed to maintaining the quality of VET’s content to serve our readers, accompany the business community, and make positive contributions to the sustainable development of the country in the new era.

Mr. John Harding, English Language Editor at VET since 2004, shared his thoughts on the magazine’s journey

You have edited thousands of articles over the course of 22 years. How has the “language of Vietnamese economics” evolved from the early days of “Doi Moi” to the current focus on digital transformation and green growth?

As Vietnam has secured greater stature on the international stage over the years, I think there has been a greater focus internally on the country’s external relations and “place in the world.” In the early days I think discussions largely centered around what was happening within Vietnam’s borders, though regional and international elements were certainly taken into account. Economics is a broad discipline that is constantly evolving, and with that comes new concepts and ideas that will naturally be reflected in the “language of Vietnamese economics” as the country keeps pace with local and global events.

I think VET also became able, on behalf of the business community, to more readily identify areas where policies and programs have perhaps not delivered what was intended. The government clearly wants to know what companies think about Vietnam’s business environment, and VET’s role in this exchange has grown over time.

You have witnessed the transition from paper printing to the era of AI and Askonomy. How do you view this technological shift?

From my very first days in Vietnam, I would hear colleagues and friends talk about the development of translation software. I would nod and comment about what a game-changer that would be, but my real opinion was “It will never happen.” No software could catch the nuance involved in translation.

But it did happen. The Asko Platform’s suite of features was unimaginable even a decade ago. Of course, I ask myself where that leaves me - an imperfect human being competing with the latest in technology. But I think that for most tasks that become automated or rely heavily on technology, there will always remain a place for the “human touch”. I can’t imagine, for example, a time when we could simply put a Vietnamese-language article through the translation software and then just accept what comes out. It will always need a person to read through it and confirm its accuracy.

I think the question of whether AI is a positive or negative will take years to answer. And “positive” or “negative” for who? But it has arrived, and now the task is to monitor its development and influence and make changes as appropriate. AI itself is also imperfect, and no doubt always will be to some extent. I don’t believe the robots will take over the world!

VET’s transition from a monthly to a weekly publication has increased the pressure of deadlines four-fold. How has the Asko Platform been your “secret weapon” in maintaining high-speed production without compromising the sophisticated English standards VET is known for?

It would not be possible to publish VET weekly without the Asko Platform. The Platform’s English translation makes it much easier for me to edit and finish an article. With 20 or more articles being published each week, and hence 80 or more a month, better English makes a huge difference in my job given the time limitations. The Platform really is the “secret weapon” that allows us to publish weekly.

THE EVOLUTION OF VET MEDIA:

Crafting a visual identity along VET’s journey

Thirty-five years ago, when the first issue of Thoi bao Kinh te Viet Nam - the parent organization of VET - was published, newspaper design was a painstaking craft reliant almost entirely upon human hands and limited tools. Today, the publication - now known as Tap chi Kinh te Viet Nam - has transformed into a sophisticated multi-platform media ecosystem encompassing print magazines, digital publications, video content, and major national economic forums.

At the heart of this evolution stands the VET Media team, who work behind the scenes shaping every page, publication, event, and digital experience. Their role has grown from simple layout to strategic brand-building. Those designers create the distinctive visual language that defines one of Vietnam’s leading economic magazines.

Mr. Vu Ngoc Minh and Mr. Vu Van Tuan joined the newsroom in 1995, when technology was rudimentary. “We printed content on tracing paper, manually pasted layouts, then exposed them to create printing plates,” they recalled. Even simple economic charts required hours in CorelDraw. Publications featured limited color, making design both an aesthetic and technical challenge to meet tight printing deadlines.

Over three decades, they witnessed profound changes: from a weekly to a daily newspaper, and in 2021 a shift to a specialized weekly magazine. Software evolved from basic tools to Photoshop, InDesign, Illustrator, and now AI. Yet they emphasized that the biggest shift is in mindset. “Previously, designers focused on clarity,” they agreed. “Today, we must make content more engaging, accessible, and immersive.” Technology saves time and expands creativity, but the human element remains irreplaceable.

Mr. Nguyen Thai Dung, who joined in 2008, represents the new generation. He took over designing VET in 2009. Designing for a global audience demanded higher standards of professionalism and the masterful use of white space, imagery, and information hierarchy, while preserving a Vietnamese identity. “International readers evaluate professionalism through visual details,” he said. “Design must feel modern yet authentically reflect Vietnam’s economic spirit.”

His most significant impact lies in the visual identity of major national economic forums on green growth, innovation, foreign investment, and macro-economic policy organized by VET. These events require comprehensive branding systems: invitations, websites, stage backdrops, videos, and social media assets.

The 35-year journey of Tap chi Kinh te Viet Nam and more than 30 years of VET reflects continuous innovation. While content is the soul of journalism, design serves as the vital bridge connecting that content to readers. VET Media now acts as the creative nucleus for the entire ecosystem - print, digital, multimedia, and events - establishing a unified yet distinctive visual standard.

-VET editorial board

Over 1,230 Vietnamese hospitals adopt AI and digital technologies

Sun, 21 Jun 2026 00:30:00 GMT

The results laying a groundwork for the development of smart hospitals nationwide.

A total of 1,238 hospitals across Vietnam have begun applying artificial intelligence (AI) and digital technologies in healthcare services, laying a groundwork for the development of smart hospitals nationwide.

The milestone was highlighted at the seminar titled “Digital Health Transformation and Smart Hospital Development: International Experience and Implementation in Vietnam,” organized by the Vietnam Medical Informatics Association on June 18.

Speaking at the event, Associate Professor Dr. Tran Quy Tuong, President of the Vietnam Medical Informatics Association, said digital transformation is being accelerated throughout the country’s healthcare system.

According to Mr. Tuong, 1,238 hospitals have started researching and implementing AI-powered solutions and digital technologies in medical examination and treatment, hospital management, and clinical decision support. These applications are helping healthcare providers improve operational efficiency, enhance service quality, and streamline administrative processes.

The adoption of AI and digital tools is also expected to reduce workloads for healthcare professionals while improving patient experiences through faster, more accurate, and more personalized care.

Experts at the seminar noted that the growing use of advanced technologies represents a critical step toward establishing a nationwide network of smart hospitals. Such facilities are expected to integrate digital records, intelligent diagnostics, automated workflows, and data-driven management systems to deliver more efficient and sustainable healthcare services.

VnEconomy-Thu Minh

A transformation for everyone’s benefit

Sat, 20 Jun 2026 10:00:00 GMT

Mr. Dao Quang Binh, General Director of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, reflects on the ideas, values, and innovations that shaped the publications’ journey from economic newspaper to AI-powered knowledge platform.

Over the past 35 years, what do you believe has given Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy its distinctive identity?

From the very beginning, long before anyone in the media industry was talking about data journalism, analytical journalism, or solutions journalism, we had already built our publication on those very foundations.

The founding team consisted of just three people: Editor-in-Chief Professor Dao Nguyen Cat, Dr. Chu Van Lam, who is now Chairman of the Editorial Board, and myself. Tap chi Kinh te Viet Nam, as it exists today, originated from “Thong tin Kinh te” (Economic Information Bulletin), and we were very clear from the outset that it had to be a publication grounded in economic data.

The publication was born out of the Vietnam Economic Association, with founders such as Professor Tran Phuong and Professor Cat, who were all respected economic researchers. The mission was simple yet ambitious: to provide reliable economic data for businesses and bring economic knowledge to readers. At that time, data was scarce and information difficult to obtain. Professor Cat would personally buy newspapers, cut out individual pieces of information, and build relationships with organizations that held economic data in order to gather information for publication.

What made us valuable, however, was not merely the data itself. Behind every figure and every piece of information lay economic knowledge, practical experience, and insights that were not stated explicitly but could be discerned by attentive readers. A business executive could find information useful for shaping corporate strategy. A policymaker could identify ideas relevant to public policy.

That has been our defining identity throughout our 35-year history: information must be accurate, data must be reliable, and analysis should be embedded within the data rather than imposed upon the reader.

I still remember Dr. Lam once jokingly saying: “My newspaper doesn’t teach anyone.” Of course, it was said humorously. What he meant was that the publication never tells people what to do, despite having been founded by economists and researchers.

After studying and training in France, I brought back a journalistic philosophy that I have shared with reporters throughout my career: when writing, do not lecture, do not judge, and do not rush to conclusions. Write in a way that takes readers as close as possible to the destination, then let go. They will find their own way to the conclusion. That, to me, is the mark of truly skillful journalism.

If the information and data are authentic and sufficiently rich, readers will never feel that they are being directed, yet they will arrive at their own understanding.

I pursued this approach because before joining Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy I spent more than a decade working in foreign affairs journalism. That experience exposed me to international audiences, made me accustomed to working with data, and, most importantly, shaped a clear belief: the essence of journalism lies in information, not commentary.

At the time, many journalists still approached reporting as a form of literary writing rather than journalism in the modern sense. As an editor, I often had to personally review and revise articles. Any subjective phrases such as “I think,” “I believe,” or “in my opinion” were removed. Passages driven by emotion or personal judgment were crossed out. Let the facts and data speak for themselves, and let readers draw their own conclusions.

That is why our identity, our journalistic DNA, has always been rooted in rich information, verified data, and the objectivity of its journalists.

If I had to choose a single phrase that best captures that identity, it would still be Dr. Lam’s joke: “My newspaper doesn’t teach anyone.” We do not tell people what to think. We do not pass judgment.

Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy’s guiding principle is “Authentic Perspectives - Positive Thinking - Practical Solutions”. Amid shrinking media revenues, social media competition, and the rise of click-driven content, how has the organization remained true to that mission?

The challenges are certainly real, but we have always believed in and remained committed to those principles. To explain why, I often recall an incident that resulted in our publication being fined; an experience I have never forgotten.

The publication was penalized for reporting information related to foreign exchange management. The information itself was not confidential; another financial magazine had published it about two weeks earlier. However, when we republished the story, the market reaction was immediate and severe. Many people rushed to withdraw their money, and the newsroom was forced to publish a correction in the following issue.

The incident taught us an important lesson: a publication can have a very real impact on economic activity and on businesses. Information that is completely accurate can still destroy a company or trigger highly negative economic consequences. Accuracy alone is not enough.

From that moment on, we have always asked ourselves before publishing anything: how will this information affect businesses and society? There may be media models built around attracting clicks or attacking companies, but that is not how we choose to operate.

For many years, we have adhered to a simple principle: information must be useful for businesses, useful for policymakers, and useful for readers. We do not pursue sensationalism, nor do we use information as a tool for pressure or crowd manipulation.

Whenever information is provided by a company, the first step is verification. The next is determining how it should be presented, how much information should be disclosed, and what context should accompany it. The ultimate goal is not to generate the greatest possible impact but to reflect reality as accurately as possible.

That, in my view, is what distinguishes economic journalism. A piece of information may be highly compelling, but before publishing it, journalists must ask themselves a simple question: what effect will this have on the people, businesses, and economic decisions on the other side of the page?

While many news organizations struggle with shrinking advertising income, your organization believes trust comes first and revenue follows. What underpins that approach?

I would say that our philosophy goes beyond the conventional concept of a “win-win” relationship. Our approach is “all win” - meaning that everyone benefits.

In the traditional sense, a win-win outcome involves only the two parties directly engaged in a transaction or relationship. But that is not enough. A truly sustainable model must create value for the entire ecosystem: businesses, customers, partners, regulators, and even those who are not directly involved, as well as society at large.

I believe this is also how an economic media organization should operate and grow. When a publication genuinely accompanies businesses - when companies trust that the information it provides can help them identify new opportunities, expand markets, and increase revenue, or when sensitive information is handled responsibly to avoid unnecessary negative consequences - that trust begins to take shape. And once trust is established, people choose to stay with you for the long term.

That is why the most important question for us has never been how many page views an article receives. What matters far more is who those readers are. Are they decision-makers? Do they have the ability to influence businesses, markets, or the broader economy?

If a media organization can solve the challenge of influence quality rather than simply chasing audience volume, it can create genuine value for the business community. Once that value is recognized, businesses will proactively seek partnerships and long-term collaboration.

This is also why many enterprises, government ministries, agencies, and local authorities choose to work with us when organizing forums, conferences, and policy dialogues. What they are looking for is not merely a media channel but a trusted partner with credibility, connectivity, and the ability to amplify positive impact.

At the same time, we remain firmly committed to our journalistic role. A publication can only become a useful partner for businesses if it maintains its objectivity, accuracy, and social responsibility. That is the most important boundary.

I have always believed that journalism should be a trusted companion to businesses. That partnership must be built on truth, a constructive spirit, and a commitment to creating positive value for society. Only when all stakeholders benefit can development truly be sustainable.

Let’s turn to an issue attracting enormous attention not only within journalism but across virtually every sector today: AI. In your view, how will AI affect journalism and the way reporters work?

First, it is important to acknowledge that AI is having a profound impact on journalism and the media industry. That should come as no surprise; it is no different from what is happening across other sectors and professions. However, I have always held a very clear view: AI is a journalist’s arm, not a journalist’s brain.

What gives a reporter value is not the ability to type quickly, translate efficiently, or process large amounts of data. AI is already performing those tasks faster and, in many cases, better than humans. The question, then, is why we should continue spending time on tasks that machines can perform more effectively.

Mr. Dao Quang Binh (2nd from right), General Director of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, introduces Asko Meet to former Minister of Science and Technology Nguyen Quan (3rd from right) and other delegates attending the Vietnam - Asia DX Summit 2026. - (Photo: Vietnam Economic Times)

What AI cannot replace is human thinking. Journalists must never allow AI to become their brain. AI is a tool. Understanding an event, analyzing its underlying causes, determining what is right or wrong, identifying where responsibility lies, and exploring possible solutions - those remain fundamentally human tasks.

I believe the role of journalists is changing dramatically in the AI era. Journalists are no longer simply gatherers and transmitters of information. In economic journalism especially, reporters increasingly need to think like researchers, specialists, or even social scientists.

When a company claims its product is the best, a journalist must ask: best in what way? Compared to whom? What evidence supports that claim?

When a policy is described as groundbreaking, a journalist must continue asking questions: What will its actual impact be? Who benefits? Who may be adversely affected?

When a company asserts that it is creating value for society, journalists must have the expertise to verify whether that value genuinely exists or whether it is simply a communications message. That is critical thinking, the fundamental distinction between human beings and AI.

Many people assume that AI will make journalism easier. I believe the opposite is true. The work may become less labor-intensive, but it will become significantly more demanding.

When AI can process data, synthesize information, and support content production in a matter of seconds, the value of journalists will no longer lie in possessing information. It will lie in their ability to understand data, interpret it, and generate new insights from it.

Mr. Dao Quang Binh, General Director of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy

That requires journalists to study more, read more, and continuously expand their knowledge. The goal is not to feed data into AI, but to feed knowledge into their own minds. Ultimately, there is one principle that journalists should always remember: AI must serve people, not the other way around.

Technology may become increasingly intelligent, but the qualities that define journalism will continue to be human judgment, professional integrity, and critical thinking. Those remain the final frontier that AI cannot replace.

Based on that philosophy, how did your organization approach AI? Could you share the story behind its adoption of AI and the creation of the Askonomy ecosystem, which seeks to transform data, information, and knowledge into value for the business community?

The journey of adopting AI, and indeed the origins of the Askonomy ecosystem, grew out of what has always been our greatest concern. As I mentioned earlier, we have quietly defined itself from the very beginning as a publication built on economic data. But the question that has occupied my mind for many years has been how to make the value accumulated by our publications over decades serve the business community more effectively.

That question existed long before AI became the global topic it is today.

We possesses a vast repository of economic data, information, and knowledge accumulated over 35 years. Yet I constantly asked myself whether we were truly extracting the full value of those assets. We have millions of articles, millions of data points, thousands of policy dialogues, and decades of observations of Vietnam’s economy. But if all of that simply remains stored in archives, it is nothing more than dormant data.

My concern was how to transform that repository into living data, how to ensure that an entrepreneur, anywhere and at any time, could access the information, insights, or economic data they need in the fastest, most convenient, and most reliable way possible.

Looking back, that journey unfolded through several stages.

The first step was building the technology infrastructure. We explored numerous CMS solutions, from those offered by major technology corporations to specialized platforms designed for media organizations. Eventually, we found the right partner in Hemera, which helped us build a platform capable of managing and unlocking the value of our enormous data assets.

The next step was the transition to digital journalism, enabling information to reach readers in real time rather than according to the publishing cycle of a print newspaper.

Then AI arrived. What was particularly exciting was that it seemed to offer the solution to a challenge we had been pursuing for years: how to allow data to interact directly with users. That realization led to the creation of Askonomy.

Many people see Askonomy as an AI product. To me, it is first and foremost a knowledge platform built upon the data, content, and experience that we have accumulated over the past 35 years. AI is simply the technology that activates and unlocks that knowledge.

I still remember how quickly the decision to invest in the project was made. The moment the opportunity emerged, I immediately recognized it as the missing piece of a puzzle I had been contemplating for years. When you have wrestled with a problem long enough, you often recognize the solution the moment it appears. Askonomy was created to help people access knowledge more quickly, make better decisions, and extract greater value from everything we have built over decades.

Throughout that journey, the same philosophy has guided us: everyone should benefit.

Technology partners have the opportunity to apply and expand their capabilities. We create new value from its data and knowledge assets. Businesses gain access to a trusted tool for economic information and insights. And society benefits from an open, useful, and increasingly intelligent knowledge ecosystem. That is how we view AI - not as an end in itself but as a tool for transforming data, information, and knowledge into meaningful value for businesses and society.

It seems that behind every major turning point in the organization’s history lies a long period of reflection and preparation. If you had to identify the source of the publication’s success over the past 35 years, what would you call it?

If I had to summarize our 35-year journey in just a few words, I would say: innovation for development. Development is not a destination. It is a continuous process of innovation and creativity. The day you stop creating is the day you begin to fall behind.

I have always believed that success does not begin with opportunity. Success begins with a sense of purpose and persistent determination. It begins with being deeply concerned about a problem. It begins with pursuing questions that have yet to be answered. It begins with a desire to do something better for businesses, for society, and for the people who need the value you can create.

Many people describe opportunity as a matter of luck. I see it differently. Opportunity appears only to those who have been preparing for it for a very long time. When you think deeply enough about a challenge and remain committed to finding a solution, there comes a moment when the opportunity reveals itself, and you recognize it instantly.

Looking back, many of our most important decisions originated from exactly that kind of determination. Not because we were smarter than anyone else, but because we never stopped asking questions and never stopped searching for answers.

And after everything we have experienced, I have become even more convinced of one thing: success built solely on self-interest is rarely sustainable. If your only objective is profit, particularly at the expense of others, you will eventually reach a limit.

But when you create value for others - when businesses benefit, customers benefit, partners benefit, and society benefits - that becomes the foundation for lasting development.

I call it the philosophy of “all win”. It is also the philosophy that we have pursued throughout its 35-year journey.

At this moment, what message would you like to share with the next generation who will continue writing the publication’s story in the AI era?

If there is one message I would like to leave behind from the past 35 years and for the years ahead, it is this:

To our reporters, editors, and leadership team, always hold on to a question that matters deeply to you. The challenges that concern you most today may become the source of your greatest achievement tomorrow.

When I look back on the past 35 years, I do not think the most valuable thing is how far we have come. What matters most is that even today, we still have questions that need answers, challenges that demand solutions, and aspirations to create new value for the community.

Because as long as there is curiosity and determination, there will be innovation. And as long as there is innovation, there will be progress.

VET-

Vietnamese engineers expanding role across global semiconductor value chain

Sat, 20 Jun 2026 08:00:00 GMT

Vietnamese engineers are now capable of participating in almost the entire chip design value chain, including post-production testing and product validation.

Vietnamese engineers are now contributing to nearly every stage of the semiconductor chip design process, from product conceptualization and system architecture development to advanced technical tasks such as physical design and design-for-test (DFT), industry experts say.

Speaking at the International Workshop on Wafer Fabrication, Integrated Circuit Design and Sensor Technologies (WEFAB 2026), held on June 19 by the High Technology and Innovation Park under Vietnam National University, Hanoi (VNU), Associate Professor Pham Bao Son, Vice President of VNU, said the ongoing restructuring of the global semiconductor industry presents significant opportunities for Vietnam.

“Semiconductors are the foundation of technological breakthroughs, and many countries are making large-scale investments in technology, talent development and supply-chain resilience. For Vietnam, this is a real opportunity,” Mr. Son said.

He noted, however, that mastering high-value segments of the semiconductor industry is a long-term endeavor. Universities play a critical role not only in training engineers, researchers and future technology leaders, but also in building the scientific and technical foundations needed for sustainable industry growth. Many universities across Vietnam are currently investing in semiconductor laboratories as part of national development programs.

Mr. Le Quang Dam, CEO of Marvell Technology Vietnam, said the country’s semiconductor design sector has grown dramatically over the past two decades. While only a handful of chip design firms operated in Vietnam 20–25 years ago, he estimates that around 70 companies are now active in the field.

According to Mr. Dam, Vietnamese engineers are now capable of participating in almost the entire chip design value chain, including post-production testing and product validation.

“This demonstrates that Vietnam is fully capable of undertaking high-tech, high-value-added work within the global semiconductor industry,” he said.

VnEconomy-Bạch Dương

35-year journey of an economic magazine

Sat, 20 Jun 2026 04:00:00 GMT

Dr. Chu Van Lam, Chairman of the Editorial Board at Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy , talks about its 35-year journey as a trusted bridge between policymakers, businesses, and society.

Looking back over the 35-year journey of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, what do you consider to be the key milestones that have shaped its identity and position today?

Over its 35 years of development, Tap chi Kinh te Viet Nam (with publications including Tap chi Kinh te Viet Nam, Vietnam Economic Times, and VnEconomy), formerly Thoi bao Kinh te Viet Nam, has achieved a number of significant milestones that have helped shape the strong identity and standing it enjoys today.

Among its most notable achievements has been the launch and sustained development of influential forums and programs. One example is the Vietnam Connect Forum, an annual event initiated by Tap chi Kinh te Viet Nam in 2021 in cooperation with the Ministry of Foreign Affairs. The Forum acts as a bridge between the government, local authorities, and the business community, both foreign-invested enterprises (FIEs) and domestic enterprises, to discuss economic issues, promote green growth, and advance sustainable development.

Another landmark initiative is the Vietnam Excellent Brands program, organized annually by Tap chi Kinh te Viet Nam since 2003. The program has recognized hundreds of Vietnamese enterprises for outstanding achievements in business performance, innovation, digital transformation, green transition, and contributions to society, thereby supporting the country’s broader economic development.

Similarly, the Golden Dragon Awards, which have been held for the past 25 years, have not only honored FIEs but also created opportunities for dialogue and networking between domestic and international business communities and policymakers.

Another key milestone is the Vietnam Economic Scenario Forum (VESF), launched by the organization in 2008. Over the past 16 years, it has evolved into an official, independent, credible, and practical platform that has consistently accompanied Vietnam’s economic development. The Cool Product Awards program, initiated in 2006, has likewise represented a long-term effort to foster stronger connections between manufacturers and consumers.

In the digital era, our pioneering spirit is reflected in its bold digital transformation strategy and adoption of AI. The publication introduced a new digital interface and an AI-powered newsroom management platform, AI CMS, integrating solutions such as automated translation, article summarization, automated podcasts, and, notably, the Askonomy AI chatbot.

We are proud to be among the first Vietnamese media organizations to develop a comprehensive, customized AI ecosystem designed to better serve readers. The launch of the Marcom-AI Platform and the Data and Artificial Intelligence Alliance (D.A Alliance) further underscores our commitment to enhancing content quality and expanding our influence.

These efforts, combined with our editorial philosophy of “Authentic Perspectives - Positive Thinking - Practical Solutions” and close collaboration with research institutions such as the University of Economics and Business under the Vietnam National University, Hanoi, have enabled us to continually innovate while preserving its core values and reinforcing its position as one of Vietnam’s leading economic publications.

From its beginnings as an economic publication launched during Vietnam’s early reform period, how has the organization contributed to and accompanied the country’s economic development, particularly in its role as a bridge between the Party, the State, businesses, entrepreneurs, and the public over the past three decades?

For more than three decades, we have remained committed to its mission of reflecting and accompanying the nation’s economic development, particularly through its role as an important bridge connecting the Party, the State, businesses, entrepreneurs, and the public.

It has always recognized the vital role of journalism and communications in promoting growth and sustainable development, from the enterprise level to the broader national economy.

This bridging role has been demonstrated through a variety of initiatives. First, we have created effective dialogue platforms between the business community, both domestic enterprises and FIEs, and policymakers and regulators at both the central and local levels. The VESF stands as a vivid example. Through years of persistence and dedication, the Forum has accompanied Vietnam’s economy through periods of both challenge and achievement, becoming an official, independent, credible, and valuable source of information and policy consultation. It has contributed practical recommendations and high-quality solutions based on official, multidimensional information and innovative perspectives.

Second, the magazine has focused on producing high-quality, in-depth journalism closely aligned with the realities facing businesses. It listens to concerns and policy barriers affecting enterprise development and uses its reporting to propose recommendations and solutions aimed at addressing shortcomings in both macro-economic policymaking and day-to-day business operations. Many reports and recommendations generated through our thematic forums and discussions have been submitted to the Prime Minister and relevant ministries, helping address urgent issues across various sectors of the economy.

Finally, guided by the principle of “standing alongside businesses,” we haveffectively conveyed the concerns and aspirations of enterprises to senior leaders within the Party, State, and government. At the same time, it has provided businesses and the public with timely, accurate, and comprehensive information on Party and State policies and directions, thereby contributing to the broader mission of national economic development.

In your view, what is the greatest challenge facing economic journalism today?

In an era increasingly dominated by digital technology, social media, and AI, economic journalism faces unprecedented challenges. The greatest challenge lies in maintaining accuracy, depth, and professional integrity within a fast-moving and increasingly complex information environment.

First, the pressure to process and publish information quickly continues to intensify. Readers expect immediate updates, yet they also demand in-depth reporting that explains the meaning behind economic data and its real-world implications for markets and society. This creates a dangerous trap: if journalists become less rigorous in verifying information, even a single unsupported assessment or one-sided perspective can generate unrealistic expectations or unnecessary concerns, potentially affecting markets and public sentiment.

Second, sourcing information and pursuing the truth have become more difficult than ever. In the economics sphere, data and information available to journalists may be carefully framed to serve particular interests. Obtaining positive information from business leaders is often straightforward; uncovering and verifying negative developments is far more challenging. This reality requires journalists to possess strong professional expertise, a deep understanding of economic and market dynamics, and a healthy degree of skepticism, to avoid being drawn into subjective judgments or one-sided narratives.

Third, profound changes in audience behavior, including growing demand for diverse, personalized, and interactive content, have made digital transformation an existential challenge for media organizations. Newsrooms must continually innovate to meet these evolving expectations while ensuring that technology does not overshadow the profession’s fundamental values.

Ultimately, the greatest challenge is ensuring that economic journalism remains agile and technologically advanced in the digital age while preserving the rigor, fairness, accuracy, and analytical depth that define credible journalism. Economic reporters must navigate an increasingly chaotic flow of information without becoming trapped by the distortions and pitfalls hidden within a complex maze of data.

Dr. Chu Van Lam (front row, middle), Chairman of the Editorial Board at Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, at an event hosted by his magazine. (Photo: Vietnam Economic Times)

Based on your own experience, what enables an economic news organization to preserve its core values, credibility, and professional integrity in an increasingly competitive information environment?

I believe the most important factor is professional integrity and an unwavering commitment to the publication’s mission and principles.

Today’s information environment is characterized by the rapid spread of news and unprecedented competition from social media and digital platforms. Yet it is precisely in such circumstances that mainstream journalism must remain firmly anchored to its core principles: accuracy, objectivity, responsibility, and a commitment to serving the broader interests of the economy and society.

Economic journalism is not simply about reporting on businesses or markets. Behind every economic policy, market fluctuation, or technological trend are direct implications for society, the investment climate, and the confidence of businesses and citizens. As a result, economic journalists must possess not only professional expertise and critical thinking skills but also a high degree of care and discipline in handling information.

Another essential factor is the ability to maintain editorial independence. In today’s competitive environment, media organizations face pressure from every direction, including the race for speed, audience traffic, and financial sustainability. However, if a publication sacrifices objectivity for convenience or pursues sensationalism at the expense of credibility, trust can be lost very quickly, and is often extremely difficult to regain.

How do you view the role, social responsibility, and influence of economic journalism on the business community and the broader economy?

I strongly believe that the role, social responsibility, and influence of economic journalism on the business community and the broader economy are both significant and far-reaching. We are proud to serve not only as a media organization but also as a platform for dialogue and a trusted bridge connecting the government, businesses, and experts, helping to foster and advance national development.

First, economic journalism plays a vital role in promoting growth and sustainable development. Through the analysis and evaluation of policies, market trends, and business activities, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy provides comprehensive insights that help economic stakeholders make informed decisions. This reflects the fundamental value of journalism and communications in supporting sustainable growth at the enterprise, sectoral, and national levels.

Second, the magazine carries an important social responsibility as an official, independent, credible, and practical source of information. Forums such as the VESF have become venues for policymakers, regulators, domestic and international economists, and business leaders to exchange ideas and discuss pressing issues. We listen closely to the challenges and policy barriers faced by businesses and convey those concerns to senior leaders within the Party, the State, and the government.

Third, the influence of economic journalism is reflected in its ability to create and spread value. By developing high-quality, in-depth journalism closely connected to real-world challenges, we do more than report events, we help shape public understanding and build consensus around important economic issues. When recommendations and solutions generated through our thematic forums are received by the government and lead to action by ministries and agencies, that represents the clearest evidence of journalism’s practical impact. It demonstrates that the magazine is not merely a provider of information but also a trusted partner working alongside institutions and businesses to drive development and create new value for society.

On the occasion of the 101st Vietnam Revolutionary Press Day and the 35th anniversary of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, what do you believe are the key factors that ensure the stable and sustainable development of a media organization?

In my view, three fundamental factors are essential to ensuring the stable and sustainable development of a media organization in the new era: people, content, and technology.

First, people - the journalists themselves. They are the organization’s most valuable asset. A team that is politically grounded, professionally capable, and ethically sound provides the foundation for overcoming any challenge. Meticulousness, emotional discipline, and the ability to build arguments based on independent data are enduring professional values that must never be lost. These principles should be continuously nurtured and strengthened in every generation of reporters and editors.

At the same time, media organizations must adapt to changing circumstances and emerging demands, particularly the need to provide information that contributes to national economic development in a new era. In my opinion, leadership plays a critical role in fostering consensus, unity, and cohesion within the organization. Only by creating an environment that inspires creativity, commitment, and collective purpose among reporters, editors, and staff can a media organization secure sustainable long-term growth.

Second, content quality and innovation. In an age of information overload, only high-quality, in-depth, and genuinely useful content can retain audiences and build lasting credibility. We strive every day to improve our products so they are more insightful, constructive, effective, and modern. Content must remain closely connected to business realities, listening to the challenges and policy obstacles faced by enterprises while offering practical recommendations and solutions. At the same time, journalism must continue to fulfill its role as a bridge, conveying the concerns and aspirations of businesses to the government while providing citizens with timely and accurate information about the Party’s and State’s policies and directions.

Third, the ability to adapt to and master technology. Digital transformation is no longer an option - it is an inexorable path forward. Media organizations must build professional digital platforms, diversify content formats, and embrace the most advanced technologies available, particularly AI. Developing a robust digital ecosystem, operating a modern digital newsroom, and distributing content across digital platforms are essential to making information more accessible to audiences. Technology serves as a powerful enabler, helping improve content quality, optimize operations, expand influence, and create new value for society.

The balanced and coordinated development of these three pillars - people, content, and technology - will be the key to ensuring that media organizations remain stable, sustainable, and capable of contributing to the country’s socio-economic development in the new era.

In the next stage of development, what goals do you envision for Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy as it seeks to maintain its position as one of Vietnam’s leading economic media organizations?

We will continue serving as an effective platform connecting the government, businesses, and experts, while sharing our technological achievements with the wider journalism and business communities to help them optimize their operations in this new era of the nation’s rise.”

Dr. Chu Van Lam, Chairman of the Editorial Board at Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy

In this new phase of development, Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy will pursue ambitious goals and aspirations aimed at strengthening its position as one of Vietnam’s foremost economic media organizations.

Our primary objective is to become Vietnam’s leading economic newsroom, not only in scale but also in quality, depth, and influence. To achieve this, we will continue accelerating comprehensive digital transformation while building and expanding a strong digital ecosystem supported by a modern digital newsroom. We aspire to be a pioneering Vietnamese media organization with a rich and highly-customized AI ecosystem that serves readers in the most effective way possible, delivering fast, reliable information on Vietnam’s economy to audiences around the world.

We also seek to contribute to the country’s broader development and the advancement of the business community. This means continuously innovating and evolving to better meet audience needs while supporting the rapid, strong, and sustainable growth of Vietnam’s economy. We will continue serving as an effective platform connecting the government, businesses, and experts, while sharing our technological achievements with the wider journalism and business communities to help them optimize their operations in this new era of the nation’s rise.

Our guiding principle - “Authentic Perspectives - Positive Thinking - Practical Solutions” - will remain the foundation of everything we do.

What message would you like to share with economic journalists?

To economic journalists, especially younger reporters and editors, I would like to share several thoughts.

First, embrace innovation while preserving traditional values. The digital era and AI offer powerful new tools, but they should never replace the core principles of journalism: meticulous reporting, emotional restraint, and evidence-based analysis grounded in independently verified data. Adopt the most modern reporting methods available, but always maintain integrity and professional rigor.

Second, continuously strengthen your expertise and personal resilience. Economics and finance are highly-complex fields that require deep knowledge and understanding. The journey from recording facts to becoming a journalist capable of delivering insightful analysis and critical thinking is demanding, but it is through that journey that true professional growth occurs. Learn to maintain a healthy balance between work and personal life, because a calm mind and clear judgment are essential conditions for producing high-quality journalism.

Finally, never lose your sense of purpose and commitment to creating value. Economic journalism is not merely a profession - it is a mission. Every article and every analysis have the potential to influence policy, shape markets, and contribute to society. Take pride in that responsibility and continue striving to become outstanding journalists who help advance the prosperity and development of the nation.

VET-

National Press Festival 2026 opens in Hai Phong city

Sat, 20 Jun 2026 00:00:00 GMT

The festival featured 87 exhibition booths from journalists’ associations, local press organizations and journalism training and research institutions nationwide, including Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy.

The National Press Festival 2026 opened in northern Hai Phong port city on June 19 with the attendance of Mr. Trinh Van Quyet, Politburo member, Secretary of the Party Central Committee and Chairman of its Commission for Information, Education and Mass Mobilization, and many other high-ranking officials.

Under the theme "Vietnamese journalism – Loyalty, Creativity, Responsibility in the New Era", the event attracted around 1,000 delegates from across Vietnam.

The festival featured 87 exhibition booths from journalists’ associations, local press organizations and journalism training and research institutions nationwide, including Tap chi Kinh te Viet Nam / Vietnam Economic Times/ VnEcnomy.

Mr. Trinh Van Quyet (3rd from right), Politburo member, Secretary of the Party Central Committee and Chairman of its Commission for Information, Education and Mass Mobilization, and leaders of the Vietnam Journalists Association and Hai Phong city, visited the exhibition booth of Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy at the festival. - (Source: VnEconomy)

Speaking at the opening ceremony, Mr. Trinh Van Quyet highlighted the proud tradition of Vietnam’s revolutionary press, which has remained closely aligned with the Party’s cause and the nation’s struggle for national independence, protection and development over more than a century.

He was quoted by the Vietnam News Agency as saying that the country’s media sector has undergone significant transformation in recent years, actively streamlining its organizational structure and accelerating digital transformation. Many press agencies have quickly stabilized operations following restructuring, adopted smarter and more efficient models and embraced modern technologies. As a result, a more professional, dynamic and modern press landscape is steadily taking shape.

According to Mr. Quyet, the festival’s theme reflects the pressing requirements of the times. Loyalty is the foundation, creativity is the path, and responsibility is the destination, he said, stressing that while digital technology, artificial intelligence (AI), social media and cross-border platforms are reshaping global communications, the core mission and ideals of Vietnam’s revolutionary journalism remain unchanged.

He called on journalists nationwide to stay close to reality, uphold the Party characteristic and people-centered orientation of the press, remain absolutely loyal to the Fatherland and the revolutionary cause, and continuously innovate and master new technologies.

Press agencies, he added, must serve as strongholds in safeguarding the Party’s ideological foundation, countering false and hostile information, and effectively communicating the Resolution of the 14th National Party Congress and other strategic resolutions.

Vietnamese journalism should not only reflect social developments but also help guide them in a positive direction. Each journalistic work should inspire, educate and foster public consensus while encouraging innovation, aspiration and determination in pursuit of the nation’s development goals and vision of prosperity and happiness, he stressed.

According to Mr. Le Quoc Minh, member of the Party Central Committee, Vice Chairman of its Commission for Information, Education and Mass Mobilization, Editor-in-Chief of Nhan Dan Newspaper and Chairman of the Vietnam Journalists Association, the festival was held as a major event marking the 101st anniversary of Vietnam Revolutionary Press Day (June 21, 1925–2026).

The festival also hosts the National Journalism Forum with 11 in-depth discussion sessions covering media restructuring, the role of journalism in safeguarding the Party’s ideological foundation, media support for business development, and the application and governance of AI in Vietnamese newsrooms.

A wide range of accompanying activities, including a singing competition for journalists with participation from domestic and international media professionals from Laos, Thailand and Cambodia, visits to relic sites, and press awards, are expected to make the event an innovative, engaging and practical gathering for the journalism community.

VNA-Khanh Chi

Vietnam ranks second in Southeast Asia for IPv6 adoption

Fri, 19 Jun 2026 08:00:00 GMT

Beyond merely solving the shortage of IP addresses, IPv6 provides a highly scalable connection environment that meets the growing demands of people, data, devices, and smart systems.

Vietnam’s IPv6 adoption rate has reached approximately 70%, ranking the country 7th globally and 2nd in ASEAN. This figure is 1.6 times higher than the global average, with nearly 95 million broadband subscribers currently operating on the IPv6 protocol.

At a conference held on June 18 to review the 2021-2025 IPv6 transition support program for state agencies and to launch the "IPv6-Only" roadmap for 2026-2030, Deputy Minister of Science and Technology Pham Duc Long emphasized that IPv6 is an inevitable choice for the future. He noted that it serves as the foundational pillar for expanding Vietnam’s development space in the digital environment.

Reflecting on the nearly 30 years since the Internet first arrived in Vietnam, the Deputy Minister highlighted a fundamental shift in its role. While the Internet was initially used primarily for connectivity and information exchange, it has now become the backbone of the economy and nearly every aspect of social life.

In this context, the transition from IPv4 to IPv6 is a vital requirement. Beyond merely solving the shortage of IP addresses, IPv6 provides a highly scalable connection environment that meets the growing demands of people, data, devices, and smart systems.

Mr. Long stressed that IPv6 is the platform for creating a new growth space for Vietnam. This vast connectivity will help foster new industries, business models, and economic drivers, thereby creating more room for national development.

In the coming phase, Vietnam’s Internet infrastructure must ensure safety, reliability, and scalability to meet the demands of data development, Artificial Intelligence (AI), innovation, and other strategic technologies.

Mr. Long pointed out that data and AI can only be effectively harnessed when connected and shared over a sufficiently robust digital infrastructure.

Vneconomy-Bạch Dương

Vietnam, Russia target $15bln in bilateral trade

Fri, 19 Jun 2026 03:00:00 GMT

Vietnamese Prime Minister Le Minh Hung and Russian President Vladimir Putin agreed to boost effective implementation of high-ranking cooperation agreements.

Prime Minister Le Minh Hung and Russian President Vladimir Putin agreed to take measures to raise bilateral trade to $15 billion in the near future, during their meeting in Kazan on June 18, as part of the Vietnamese leader’s trip for the ASEAN – Russia Commemorative Summit and bilateral activities in Russia.

They agreed to continue collaboration in mining, transport, shipbuilding, railway modernisation, the expansion of transport corridors, including international intermodal railway routes through China.

They agreed to accelerate negotiations for the early implementation of the Ninh Thuan 1 Nuclear Power Plant project. They affirmed that cooperation in energy, oil and gas, and nuclear power is one of the key pillars of bilateral relations and should be implemented in line with the agreed roadmap.

PM Hung proposed that Russia create more favourable conditions for Vietnamese products, particularly agricultural goods, to gain greater access to the Russian market. He also called for the removal of restrictions on certain Vietnamese seafood processing facilities exporting to Russia and the expansion of the list of enterprises eligible to export seafood products to Russia and other member states of the Eurasian Economic Union (EAEU).

The Vietnamese leader further suggested that Russia consider negotiations to amend the Free Trade Agreement between Vietnam and the EAEU, including the complete removal of safeguard measures applied to Vietnamese textile, garment and footwear exports to Russia and the EAEU market.

The two sides agreed to promote tourism cooperation and people-to-people exchanges, expedite the establishment of a Vietnamese Cultural Centre in Russia, consider the construction of a Russian school in Hanoi, and organise a Russian Cultural Season in Vietnam in 2027.

VnEconomy-Hà Lê

Asko Meet in action

Thu, 18 Jun 2026 10:30:00 GMT

During the Vietnam - Asia DX Summit 2026, Asko Meet, an AI-powered smart meeting and conference platform within Vietnam Economic Times’ Askonomy ecosystem, provided real-time speech-to-text transcription and multilingual live interpretation for participants. The solution is powered by a core AI engine developed through a collaborative endeavor between Vietnam Economic Times and technology partner Actable AI.

The platform attracted significant interest from both domestic and international delegates thanks to its ability to display content and translations in real time, making multilingual discussions easier to follow. Instead of relying entirely on traditional interpretation booths, attendees could access continuously updated bilingual translations on large event screens or personal devices.

Mr. Alexey Burov, Business Development Manager at Haulmont Technology, a UK-based technology group, said he greatly valued the Asko Meet experience, particularly as a non-Vietnamese speaker. The system enabled international delegates to follow discussions and capture speakers’ exchanges almost in real time. By scanning a QR code to access Asko Meet on his smartphone, Mr. Burov followed the full program through live translations, allowing him to participate and interact seamlessly with speakers and attendees.

Having previously used numerous AI translation tools worldwide, including products from major technology companies, Mr. Burov said the Vietnamese-developed solution offered a more natural and convenient experience. “Asko Meet delivers content quickly, maintains context well, and provides a comfortable user experience,” he added.

Meanwhile, Ms. Vo Thi Trung Trinh, Director of the Ho Chi Minh City Digital Transformation Center, said Asko Meet benefits from being a Vietnamese AI solution developed by teams with a strong understanding of the local language, culture, and user needs. “I observed Vietnamese content being translated into English in real time directly on screen,” she explained. “Both the speed and quality were quite good, with natural language relatively well preserved. In my view, this is a necessary application that can improve the quality of conferences and meetings today.” She added that rising demand for AI applications in meetings, operations, and corporate governance presents strong growth potential for Vietnamese technology companies.

Mr. S. Chinpau Ngaihte, Counsellor (Eco, Com Development Partnership) at the Embassy of India in Vietnam, also praised the platform’s role in multilingual conference sessions, saying it made it easier for participants to follow discussions and quickly understand speakers’ key messages.

At the Summit’s technology exhibition area, the Askonomy ecosystem and Asko Meet platform attracted strong interest from technology companies and international organizations.

Beyond translation and meeting documentation, data security and sovereignty emerged as major concerns among experts discussing enterprise AI deployment. Ms. Trinh said AI adoption in operations has become an inexorable trend, supporting document summarization, translation, meeting transcription, and data storage. However, she stressed that maintaining control over and protection of data remains the most important consideration.

Mr. Phung Viet Thang, Country Manager of Intel Vietnam, was of a similar view, noting that the value of AI meeting platforms lies not only in automated translation but also in how conversational data is collected, managed, and used. Ensuring secure internal operations and data protection, he said, will remain a critical challenge for AI developers.

For this reason, Asko Meet was developed with a “security in mind” approach, giving enterprises full control over their data. The platform supports flexible deployment options, including on-premises infrastructure, private cloud, and public cloud environments.

Organizations can choose their own data retention policies, ranging from no post-meeting storage to controlled retention based on timelines and data types. All data is encrypted during transmission and storage, while enterprises may also manage their own encryption keys.

Customer data is not used to retrain AI models without permission. The platform complies with international standards such as ISO 27001 and GDPR, meeting the security requirements of enterprises and institutions, particularly those handling sensitive data.

VET-

Vietnam aims to be among top 3 Southeast Asian nations in AI by 2030

Thu, 18 Jun 2026 09:30:00 GMT

Under a project approved by the Government, Vietnam aims to form at least ten such enterprises by 2030 to serve as the backbone for the country’s digital transformation and the protection of its digital sovereignty.

Under Prime Ministerial Decision No. 1091/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on June 17, a strategic project to establish large-scale domestic technology enterprises tasked with developing digital infrastructure, human resources, data, strategic technologies, and cybersecurity for the 2026–2030 period has been approved.

Under the project, Vietnam aims to form at least ten such enterprises by 2030 to serve as the backbone for the country’s digital transformation and the protection of its digital sovereignty.

To qualify, these firms must simultaneously meet rigorous benchmarks, including achieving an annual revenue of at least $1 billion each and maintaining a workforce of no fewer than 5,000 employees.

Furthermore, these companies are required to establish and operate at least one dedicated science and technology organization while allocating a minimum of 3% of their total revenue to research and development activities.

Innovation is a key pillar of the scheme, as each of these enterprises must hold at least one patent granted by one of the world’s top five intellectual property offices: the USPTO, EPO, JPO, KIPO, or CNIPA.

These strategic entities are expected to lead the development of a modern, green, and highly interconnected national digital infrastructure with the capacity to support the digital economy and society.

Specific infrastructure goals outlined in the decision include the operationalization of at least six new international submarine fiber optic cables, including at least one fully owned and operated by Vietnam.

Additionally, the project targets the development of at least five new large-scale data centers that meet international green standards.

These efforts are intended to position Vietnam as a primary regional data hub and ensure high-speed, reliable, and secure connectivity for the nation’s ongoing digital evolution.

Vneconomy-Hạ Chi

For tangible outcomes from science and technology

Thu, 18 Jun 2026 04:20:24 GMT

A recent tech summit looked at the increasing role of science and technology, innovation, and digital transformation within Vietnam’s new development model.

The Vietnam Software and IT Services Association (VINASA) hosted the Vietnam - Asia DX Summit 2026 in Hanoi on May 27-28, with the theme “Powering New Sources for Double-Digit Growth”, bringing together thousands of delegates, including government leaders, ministries, local authorities, CEOs, CIOs, and CTOs of major enterprises, AI and technology experts, and leading Vietnamese and international technology corporations.

Opening the Summit, Mr. Ngo Dien Hy, Vice Chairman of VINASA and Deputy CEO of the Vietnam Posts and Telecommunications Group (VNPT), said Vietnam is entering a new phase of development, targeting double-digit economic growth in the 2026-2030 period. This, he noted, is not only about growth rates but also about transforming the country’s development model. In that context, science and technology, innovation, and digital transformation are becoming the most important new growth drivers.

Proud strides forward

Mr. Hy stressed that Vietnam’s digital technology community must be capable of shaping and leading strategic frontiers of the future, including AI, the low-altitude economy, robotics, and quantum technologies - emerging fields expected to generate major “technology surpluses” and shape Vietnam’s standing in global supply chains.

He further noted that Vietnamese digital technology firms have already taken notable steps forward. “We have demonstrated the ability to fully master our application, digital transaction, and digital infrastructure layers,” he believes. “We have moved beyond passive technology adoption toward mastering core technologies under the ‘Made in Vietnam’ strategy, from AI and cloud infrastructure to localized large language models, automated agent systems, full-process digital public services, and land resource data integration in key localities.”

However, he also warned that as businesses enter a new acceleration phase, they must confront mounting challenges, including the limits of traditional labor-driven growth, growing pressure on physical infrastructure and clean energy, and legal gaps for deep tech and emerging technologies.

Mr. Dao Quang Binh (L), General Director, and Managing Editor of Vietnam Economic Times /VnEconomy, is sharing with Mr. Le Hong Quang, General Director of the MISA Group, about the made-in-Vietnam AI-powered solution Askonomy.- (Photo: Viet Dung)

Deputy Minister of Science and Technology Bui Hoang Phuong said 2025 marked a major breakthrough in institutional reform under the guiding principle that “institutions must lead the way.” Vietnam, he noted, has reviewed, amended, and supplemented nearly its entire legal framework for science and technology, innovation, and digital transformation.

“For the first time, we now have the Law on Digital Transformation, the Law on Digital Technology Industry, the Law on AI, and the Law on Data, together with implementation guidelines that are gradually creating a synchronized legal framework for a new development space,” he continued. “Vietnam is now among the few countries globally to establish a relatively comprehensive legal framework for these sectors.”

He added that the priority for 2026 is to translate these institutional foundations into tangible outcomes. Policies on digital transformation, he said, must deliver practical benefits for citizens and businesses.

To achieve this, the Ministry of Science and Technology is calling on ministries, sectors, and especially digital technology enterprises to proactively identify the daily challenges faced by citizens, businesses, and public agencies at both the central and local levels, rather than waiting for problems to be formally proposed.

Businesses, he added, should actively propose breakthrough solutions, models, and approaches for applying digital technologies to practical challenges while also recommending adjustments to procedures and regulations to enable wider technology adoption. He emphasized that implementation should focus on solving concrete and practical problems first. Once proven effective, however, successful models should be scaled up quickly to accelerate digital transformation across society.

Toward interoperable data

Local leaders reaffirmed that science, technology, innovation, and digital transformation are emerging as key growth drivers in Vietnam’s new development phase. However, many localities continue to face difficulties, with the digital economy’s contribution to gross regional domestic product (GRDP) still below expectations, especially in localities lacking strong technology ecosystems, such as Hue in the central region and south-central Khanh Hoa province. In response, local governments are developing dedicated policies to support domestic technology firms while investing in shared digital infrastructure and platforms to improve the efficiency of the broader digital ecosystem.

We have demonstrated the ability to fully master our application, digital transaction, and digital infrastructure layers.

Mr. Ngo Dien Hy, Vice Chairman of VINASA and Deputy CEO of the Vietnam Posts and Telecommunications Group (VNPT)

Mr. Nguyen Thanh Ha, Vice Chairman of the Khanh Hoa Provincial People’s Committee, said the Provincial People’s Council is expected to issue a resolution in the second quarter of this year to implement provisions of the new Law on Science, Technology and Innovation. Support measures will include assistance for establishing technology firms and improving access to financing through specialized funds.

The province is also working to establish a Science and Technology Fund and a venture capital fund to support the growth of local technology businesses. At the same time, Khanh Hoa is partnering with major institutions, including the Vietnam National University Ho Chi Minh City and the Ho Chi Minh City University of Economics, to help local businesses adopt digital transformation, improve productivity, and strengthen resilience.

Meanwhile, Mr. Nguyen Duong Anh, Deputy Director of the Hue Department of Science and Technology, said many technology infrastructure systems built years ago are becoming outdated and overloaded amid the demands of digital transformation and AI. The rapid rise of AI, he noted, is driving significantly greater demand for data, processing capacity, and governance, making infrastructure upgrades increasingly urgent despite limited investment resources.

Acknowledging the infrastructure and data challenges facing both businesses and localities, Mr. Hoang Huu Hanh, Deputy Director General of the National Authority of Digital Transformation at the Ministry of Science and Technology, said the Ministry has been tasked with reviewing and upgrading the national shared digital platform system.

The goal, he said, is a system that requires one-time investment but can be used consistently from the central to local levels. Functions already developed centrally should not need to be duplicated by local governments, while all platforms must meet unified technical standards and ensure interoperability with national databases.

After two days of discussions spanning institutions, infrastructure, data, energy, and AI, one message consistently emerged from the Summit: science and technology, innovation, and digital transformation are no longer supporting tools but core growth drivers for the economy. In the next development phase, digital transformation must move beyond isolated digitization efforts toward data-driven operations, interoperable data systems, and nationally-shared digital platforms. Cooperation between government, technology firms, and local authorities, delegates said, will determine how quickly Vietnam can achieve new breakthroughs in the decades ahead.

Amata launches Phu Tho Industrial Park, targeting AI and semiconductor investment

Thu, 18 Jun 2026 02:00:00 GMT

The IP, covering over 475ha, is designed to attract investment in AI, semiconductor production, and clean technology industries.

Thailand's industrial estate developer Amata has officially launched the Amata City Phu Tho project in northern Phu Tho province, also known as the Doan Hung Industrial Park, marking a significant step in expanding high-tech industrial infrastructure in northern Vietnam.

The project received investment approval and an investment registration certificate in December 2025.

Covering a total area of 475.67 hectares, the development will be implemented in two phases. The first phase, spanning 239.43 hectares, is scheduled for 2025–2029, while the second phase of 236.24 hectares will be developed between 2029 and 2033.

Positioned as a key industrial hub at the northern gateway of Phu Tho province, the IP enjoys strong transport connectivity. It has direct access to National Highway 70, the Phu Tho–Tuyen Quang Expressway, and convenient links to the Hanoi–Lao Cai Expressway. The location significantly reduces transportation times to the Lao Cai border gate with China, Noi Bai International Airport, and major seaports.

Beyond traditional manufacturing, Amata City Phu Tho is designed to attract investment in artificial intelligence, semiconductor production, and clean technology industries, supporting Vietnam’s ambitions to become a regional high-tech manufacturing hub.

VnEconomy-Hương Loan

Energy should become key pillar of ASEAN-Russia relations: Prime Minister

Thu, 18 Jun 2026 00:00:00 GMT

At the ASEAN-Russia Business Forum, held in Kazan, Russia, on June 17, Vietnamese Prime Minister Le Minh Hung highlighted that given the rapid and complex transformations around the world, it is imperative for ASEAN and Russia to foster trusted partnerships, stable markets, and resilient supply chains.

Speaking at the ASEAN-Russia Business Forum, held in Kazan, Russia, on June 17, Vietnamese Prime Minister Le Minh Hung stated that energy should be positioned as a key pillar of ASEAN-Russia cooperation as energy security remains one of the most pressing challenges to the growth and sustainable development of nations

The Prime Minister was quoted by the Government News as saying that this year's forum provides a valuable opportunity for both ASEAN and Russia to exchange strategic perspectives aimed at fostering broader, more substantive, more connected, and more resilient future cooperation amid global changes.

Given the rapid and complex transformations around the world, it is imperative for ASEAN and Russia to foster trusted partnerships, stable markets, and resilient supply chains, he said.

Building on the complementary strengths and potentials between ASEAN and Russia, the Vietnamese Prime Minister suggested both sides should work together to build stable, flexible, and resilient supply chains capable of withstanding external disruptions.

The development of transportation routes linking Russian Far East with Southeast Asian seaports and railways will not only help bridge geographical divides and facilitate trade but also unlock immense opportunities for cooperation and investment for the business communities on both sides, he added.

The Prime Minister suggested businesses should make fuller use of existing economic cooperation frameworks, particularly the free trade agreements between the Eurasian Economic Union (EAEU) and several ASEAN Member States.

Drawing on its experience in promoting trade and investment cooperation with the Eurasian region through the Vietnam-EAEU free trade agreement, Vietnam stands ready to serve as a bridge, helping to deepen trade and investment ties between ASEAN and the EAEU as well as between ASEAN and Russia. According to him.

Prime Minister Hung also suggested energy should be positioned as a key pillar of ASEAN-Russia cooperation as energy security remains one of the most pressing challenges to the growth and sustainable development of nations.

The potential for investment and collaboration between ASEAN and Russia is significant, particularly in clean energy, LNG, hydrogen, offshore wind power, and energy-efficiency technologies, he noted.

As energy has long been a cornerstone of the Vietnam-Russia partnership, Prime Minister Hung said Vietnam looks forward to working with Russia and fellow ASEAN Member States to develop viable projects, particularly in clean energy and green technologies, thereby contributing to regional energy security and stability.

Prime Minister Hung suggested ASEAN and Russia advance cooperation in technology, innovation, and digital transformation, adding that this will be one of the most important areas of cooperation between the two sides in the years ahead.

He affirmed that Vietnam welcomes and stands ready to facilitate deeper cooperation with Russian enterprises in areas such as artificial intelligence, cyber-security, digital education, and digital healthcare.

The Vietnamese leader also encouraged ASEAN and Russia to advance innovation cooperation programs, support technology companies and young start-ups, and foster a vibrant innovation system that connects the business communities on both sides.

As the Governments have the responsibility to create a stable, transparent, and enabling environment for investment and business, the business community, for its part, serves as the driving force in translating cooperation into tangible outcomes and strengthening ties among economies, said PM Hung.

From that perspective, he encouraged ASEAN and Russian business communities to continue making long-term investments and to work together in building new value chains for the future that deliver mutual benefits.

PM Hung also reiterated that Vietnam stands ready to work with Russia and follow ASEAN Member States to transform potential into concrete projects, connectivity into business opportunities, and mutual trust into new driver of growth.

The ASEAN-Russia Business Forum, held ahead of the ASEAN-Russia Commemorative Summit marking the 35th anniversary of ASEAN-Russia relations, also drew the participation of ASEAN Secretary General Kao Kim Hourn, Malaysian Prime Minister Anwar Ibrahim, Thai Prime Minister Anutin Charnvirakul.

VGP-Van Nguyen

Vietnam's strong ecosystem rebound

Wed, 17 Jun 2026 09:30:00 GMT

Vietnam’s rise in global rankings for startup ecosystems reflects a strong rebound after a challenging few years.

Vietnam rose five places to 50th globally in the 2026 Global Startup Ecosystem Index Report released by StartupBlink, marking the country’s strongest performance since the annual rankings began in 2017. The improvement places it among the fastest-rising startup ecosystems in Southeast Asia and comes as new investment data points to renewed momentum following a difficult period for global venture funding.

Yet while the ranking signals growing international recognition, it also raises a broader question: what is driving Vietnam’s startup rise, and can the country sustain the momentum amid intensifying competition for technology investment and global capital?

Recent data suggests the answer lies not only in startup activity itself, but also in broader shifts across the innovation landscape. Private capital investment is recovering, foreign investors are returning after a period of caution, startup activity is spreading beyond traditional hubs, and sectors such as AI are attracting growing attention. At the same time, investors are becoming more selective, placing greater emphasis on startups with stronger business models and clearer growth prospects.

Gaining momentum

According to StartupBlink, Vietnam and Thailand recorded the strongest growth momentum among countries ranked between 21st and 50th globally; a segment identified as the most dynamic tier of startup ecosystem development. It noted that countries in this group are often growing more quickly than leading startup ecosystems, where expansion naturally slows due to maturity.

At the city level, Ho Chi Minh City recorded one of Vietnam’s most significant gains, climbing 12 places to rank 98th globally and entering the world’s Top 100 startup ecosystems for the first time. The southern city also strengthened its position in several sectors, particularly fintech and blockchain, ranking 60th and 70th globally, respectively. As Vietnam’s largest economic center, Ho Chi Minh City has benefited from a concentration of venture capital firms, financial institutions, technology companies, and digital consumers, helping it emerge as the country’s leading startup hub.

Beyond Ho Chi Minh City, the latest rankings also suggest startup activity is gradually expanding outside of Vietnam’s traditional innovation centers. The northern port city of Hai Phong entered StartupBlink’s global Top 1,000 startup ecosystems for the first time, joining Hanoi, Ho Chi Minh City, and central Da Nang city among the country’s recognized startup locations. While still in the early stages of development, Hai Phong’s emergence reflects broader efforts by local authorities to support innovation and technology-oriented industries.

StartupBlink also recorded increased participation by Vietnamese organizations and local authorities in its ecosystem partner network, including the Vietnam National Startup Support Center (NSSC), the Da Nang and Hai Phong City People’s Committees, the Startup Innovation Hub of Ho Chi Minh City, and Startup Hai Phong.

Its improved ranking comes as Vietnam continues to position technology and innovation as important pillars of long-term economic development. Policymakers have increasingly emphasized digital transformation, high-value manufacturing, and innovation-led growth as the country seeks to strengthen its position in regional and global supply chains.

However, rankings alone provide only a partial picture of ecosystem development. While startup activity and institutional support have expanded, the long-term strength of an innovation ecosystem also depends on the availability of capital, the ability of startups to scale, and the development of viable exit opportunities for founders and investors. Recent investment data indicates progress in several of these areas.

Capital to return selectively

Vietnam’s startup ecosystem is showing signs of recovery after several years marked by weaker global venture activity and tighter financing conditions. According to the Vietnam Innovation Private Capital Report 2026, released jointly by the National Innovation Center (NIC), the Vietnam Private Capital Agency (VPCA), and Boston Consulting Group (BCG), the country’s private capital market recorded its strongest rebound in years in 2025.

The report revealed that total private capital investment reached approximately $4.5 billion across 149 deals, with private equity (PE) rising to a record $4 billion and venture capital (VC) rebounding to $509 million. The recovery followed a period of adjustment in global technology investment, during which higher interest rates, inflationary pressures, and slowing economic growth prompted investors to become more cautious about startup valuations and funding strategies.

According to the report, Vietnam’s rebound broadly reflected wider recovery patterns across Southeast Asia, where investor activity has gradually strengthened after several years of volatility. However, the latest funding cycle differs from earlier periods of rapid expansion, when abundant liquidity supported aggressive growth strategies across the region’s startup ecosystem.

Although total venture capital increased by 28 per cent in 2025, deal volume declined to 103, suggesting investors are concentrating funding into fewer but larger investments. The report noted that investment activity remained relatively stable in Pre-A and Series A rounds, while later-stage financing strengthened, contributing to the highest level of C+ deals since 2022.

The trend points to a more selective investment environment, with investors placing greater emphasis on profitability, operational performance, and business sustainability rather than expansion at any cost.

The number of private equity investors more than doubled to 48; the highest level recorded in nearly a decade, while US and European investors made a notable return. Singapore continued to maintain a strong position in Vietnam’s venture capital ecosystem, reflecting its role as a regional financial and startup hub.

The return of international investors is particularly important for Vietnam’s startup sector because foreign capital has historically played a significant role in supporting startup growth and scaling. In addition to funding, international investors often bring operational expertise, market access, and global networks that can help Vietnamese startups expand beyond the domestic market.

The recovery in investment activity may therefore reflect growing confidence not only in Vietnam’s startup ecosystem, but also in the country’s broader economic outlook and policy environment.

Next challenge

Alongside recovering investment activity, sectoral shifts are beginning to reshape Vietnam’s startup landscape. According to the report, AI-related investment increased 13-fold between 2023 and 2025, reaching an all-time high and emerging as one of the fastest-growing areas of investor interest.

The increase reflects broader global momentum around AI adoption, while also highlighting growing confidence in Vietnam’s engineering talent base and digital economy. Beyond AI, the report identified healthcare, retail, and climate technology as among sectors attracting stronger investment attention in 2025. Investor interest in those sectors reflects longer-term structural trends, including urbanization, changing consumer behavior, sustainability requirements, and rising healthcare demand.

Those developments suggest Vietnam’s startup ecosystem is gradually broadening beyond sectors that previously dominated startup activity, including fintech, e-commerce, and digital consumer platforms. While those segments remain important, investors are increasingly exploring opportunities tied to industrial upgrading, climate adaptation, and technology-enabled services.

At the same time, stronger financing pathways are becoming increasingly important as startups seek to scale. The report pointed to the role of deeper capital markets and stronger exit mechanisms in supporting startup growth over the coming years. In particular, the report highlighted an improving outlook for Vietnam’s public markets, including a stronger IPO pipeline expected in 2026 and 2027, which could help expand financing options for fast-growing companies.

According to the report, Vietnam is expected to benefit from its planned FTSE Emerging Markets reclassification next September, while potential future inclusion in MSCI Emerging Markets indices could eventually unlock larger institutional capital flows.

Despite the positive momentum, several challenges remain. Access to later-stage funding remains more limited than in more mature startup ecosystems, while competition for highly-skilled technology talent, particularly in AI and deep technology, continues to intensify.

Commercialization capacity, RD capabilities, and stronger links between startups, universities, and larger enterprises also remain areas requiring further development. Strengthening those foundations may become increasingly important as Vietnam seeks to move beyond early-stage ecosystem growth toward building globally-competitive technology companies.

Vietnam’s rise in the StartupBlink rankings signals growing momentum, but the longer-term challenge will be converting that momentum into a deeper innovation ecosystem capable of producing stronger technology companies and more durable economic value.

VET-Linh Tong

Airport operators must have minimum capital of $3.8 mln from July 1

Wed, 17 Jun 2026 07:10:00 GMT

Enterprises must maintain an organizational structure and personnel capable of ensuring aviation safety, aviation security, and airport business operations.

The Government has promulgated Decree No. 205/2026/NĐ-CP, dated June 15, 2026, providing regulations on airports and landing and take-off pads, according to a news report by Radio the Voice of Vietnam (VOV).

Specifically, the Decree stipulates conditions for airport businesses, airport business licenses, and conditions for providing aviation services at airports.

Regarding airport business operations, the Decree clearly outlines requirements for capital, organizational structure, and personnel.

To establish and maintain an airport enterprise, the following capital conditions must be met: minimum owner’s equity of VND100 billion ($3.8 million); and foreign ownership limit not exceeding 30% of the enterprise's charter capital, except where otherwise provided by international treaties to which the Socialist Republic of Vietnam is a member.

Enterprises must maintain an organizational structure and personnel capable of ensuring aviation safety, aviation security, and airport business operations.

Specifically, personnel responsible for aviation safety must hold certificates confirming their participation in training and coaching courses on aviation safety management systems; and personnel responsible for aviation security must comply with the legal regulations on aviation security.

The Decree further stipulates that an Airport Business License may be granted to an enterprise to operate at one or multiple airports. In the event that an enterprise changes its scope of business at an airport, it must carry out procedures to amend or supplement its Airport Business License.

Airport enterprises will be granted the license upon meeting all aforementioned conditions. These regulations are set to take effect on July 1, 2026.

VOV-

Da Nang Business, Finance and Technology Week 2026 set to open in July

Wed, 17 Jun 2026 07:05:00 GMT

The event aims to provide a platform for sharing experiences, discussing emerging trends in economics, finance, technology, and innovation, and fostering dialogue among policymakers, businesses, investors, and academics.

The Da Nang Business, Finance and Technology Week 2026 (DBFTW 2026), a major event designed to promote innovation, attract high-quality investment, and strengthen the central city’s position as an emerging regional hub for technology and finance, is scheduled to open on July 7-12, according to the organizers.

The event aims to provide a platform for sharing experiences, discussing emerging trends in economics, finance, technology, and innovation, and fostering dialogue among policymakers, businesses, investors, and academics.

It will also showcase Da Nang’s investment potential, business environment, and strategic advantages while promoting international cooperation and attracting high-quality capital.

The week-long program will feature five flagship events alongside a series of supporting activities focused on economic development, finance, technology, innovation, semiconductors, artificial intelligence, and startup ecosystem development.

Key events include the opening ceremony; a high-level policy dialogue themed “New Growth – Innovation – Global City”; the Vietnam Finance Forum 2026; a workshop on strengthening collaboration among government, universities, and businesses; and the Da Nang Semiconductor and High-Tech Conference 2026.

Additional activities will include site visits to major development projects, exhibitions showcasing investment opportunities and technology products, specialized international seminars, business networking sessions, and startup and innovation programs.

The event is expected to attract senior government officials, international organizations, financial institutions, business associations, scientists, technology experts, entrepreneurs, and investors from Vietnam and abroad.

VnEconomy-Ngô Anh Văn

Data Center Cloud Infrastructure Summit 2026 opens in HCM City

Wed, 17 Jun 2026 01:30:00 GMT

The summit highlighting HCM City's position as Vietnam’s Digital Infrastructure Hub.

Ho Chi Minh City is emerging as one of Southeast Asia’s key digital infrastructure hubs as growing demand for artificial intelligence (AI), cloud computing, and data services drives investment in advanced technology infrastructure.

The trend was highlighted at the Data Center Cloud Infrastructure Summit (DCCI Summit) 2026, organized by Viettel IDC on June 16, where industry leaders emphasized the critical role of digital infrastructure in supporting AI-driven economic growth.

At the event, experts noted that while data centers provide the physical foundation for digital operations, cloud platforms have evolved into essential infrastructure enabling businesses to scale AI applications, manage growing data volumes, and meet increasingly stringent requirements for cybersecurity, compliance, and data governance.

As AI adoption accelerates, enterprises are seeking infrastructure that goes beyond traditional information technology capabilities. Modern digital platforms must be AI-ready, flexible, secure, and resilient against increasingly sophisticated cyber threats.

Ho Chi Minh City has experienced rapid growth in digital infrastructure in recent years. The city currently hosts more than 15 operational data centers managed by leading technology groups, including Viettel, VNPT, FPT, and CMC. This expanding ecosystem has strengthened connectivity and accelerated cloud adoption across industries.

With 5G coverage reaching approximately 82% of the city, Ho Chi Minh City is increasingly well-positioned to support next-generation digital services and AI-powered applications.

Participants agreed that digital infrastructure is no longer simply a technology issue. In the AI era, the ability to build and control advanced data, cloud, and cybersecurity infrastructure is becoming a decisive factor in innovation, business growth, and long-term competitiveness.

VnEconomy-Phạm Vinh

Da Nang introduces incentives to attract semiconductor and AI Talent

Wed, 17 Jun 2026 00:00:00 GMT

The move aiming to reinforce the central city’s ambition to become a leading technology hub in Vietnam.

Da Nang city in central Vietnam has introduced a new policy framework aimed at attracting high-quality talent and accelerating the development of its semiconductor and artificial intelligence (AI) industries, reinforcing the city’s ambition to become a leading technology hub in the country.

Under a Resolution recently adopted by the Da Nang People’s Council, the city will offer incentives to global experts, scientists, and strategic business partners operating in the city's semiconductor and AI sectors. The policy also applies to educational institutions and agencies involved in workforce development and industry management.

The resolution establishes clear recruitment standards for specialists and researchers. Eligible candidates must demonstrate outstanding expertise and substantial experience in semiconductors or AI, while also possessing the ability to build and develop professional teams. Applicants are required to meet at least one criterion related to high income, doctoral qualifications, professional experience, or intellectual property achievements.

To attract top talent, the city will provide a one-time incentive payment of VND100 million (about $3,800) after 12 months of employment. Accommodation support of up to VND20 million per month will also be available during their period of work in Da Nang.

The policy further encourages research and development activities through financial incentives linked to scientific publications and intellectual property creation. International patent holders may receive support of up to VND50 million per patent.

For strategic partner enterprises, the city will subsidize 30% of the cost of hiring highly qualified professionals during the first five years after receiving strategic partner status. Support is capped at VND1 billion per enterprise annually and VND200 million per employee per year.

VnEconomy-Ngô Anh Văn

Siemens and Pacific Land partner to develop Silverlake innovation park

Tue, 16 Jun 2026 11:00:00 GMT

Siemens and Pacific Land have signed a strategic partnership to develop Silverlake Bio Hi-Tech Park into a smart, sustainable innovation hub, supporting Vietnam’s ambitions in high-tech industry, life sciences, and advanced manufacturing.

Dr. Pham Thai Lai, President CEO of Siemens ASEAN Vietnam, and Mr. Ole Bollingtoft, General Director of Pacific Land Vietnam, at the signing ceremony

Siemens Limited and Pacific Land Joint Stock Company on June 12 signed a Strategic Partnership Memorandum to jointly develop Silverlake Bio Hi-Tech Park into a next-generation innovation hub in Vietnam, with a strong focus on smart, digitalized, and sustainable development.

The agreement comes at a time when Vietnam is emerging as a highly attractive destination for high-tech investment, accompanied by growing demand for modern, integrated infrastructure that meets international standards. Silverlake is positioned as a comprehensive innovation ecosystem where companies in the life sciences and high-tech industries can thrive on advanced infrastructure.

Under the agreement, Siemens will act as the technology partner, providing advanced solutions and digital platforms across five key pillars: smart infrastructure, sustainability, digitalization, electrification, and life science technology. Siemens’ scope includes integrated campus management systems, IoT and AI platforms, digital twins, comprehensive power distribution systems, as well as internationally certified environmental control and biosafety technologies for high-spec research and manufacturing environments.

Speaking at the ceremony, Dr. Pham Thai Lai, President CEO of Siemens ASEAN Vietnam, said: “This partnership reflects our confidence in Vietnam’s long-term potential as a regional hub for innovation and high-tech manufacturing. Through Silverlake, Siemens and Pacific Land are not only developing a technology park but also co-creating an ecosystem where infrastructure, data, and technology converge - laying the foundation for industries of the future to grow faster, smarter, and more sustainably.”

Mr. Ole Bollingtoft, General Director of Pacific Land Vietnam, emphasized: “Silverlake Bio Hi-Tech Park represents our commitment to Vietnam’s next phase of growth, from a strong production economy to a knowledge-driven, high-tech innovation economy. With Siemens as our technology partner, we aim to translate this vision into future-ready systems, smart energy grids, digital buildings, and resilient infrastructure, positioning Vietnam firmly on the global map of life sciences, innovation, and sustainable high-tech industry.”

vneconomy-

HCM City high-tech park to expand by nearly 195ha

Tue, 16 Jun 2026 08:00:00 GMT

The expansion aims to support scientific research, high-tech, and strategic technology development.

Deputy Prime Minister Ho Quoc Dung has signed a decision approving the expansion of Ho Chi Minh City high-tech park by 194.84 hectares in Long Phuoc Ward, marking a significant step in the city’s strategy to strengthen its position as a leading technology and innovation hub.

The expansion aims to support scientific research, high-tech and strategic technology development, as well as pilot production of advanced technology products.

The project forms part of the southern city’s broader vision of building a comprehensive high-tech ecosystem that integrates research, incubation, education, technology transfer, and commercialization.

A key feature of the expansion plan is its commitment to achieving carbon neutrality before 2050, in line with Vietnam’s long-term sustainable development goals.

Under the approved framework, the new area will host research and development activities in strategic technologies, pilot manufacturing of products developed within the high-tech park, and controlled testing of emerging technologies, products, and policy mechanisms. The expansion will also support technology incubation, workforce training partnerships, technology transfer, and commercialization initiatives in accordance with Vietnam’s high-tech development policies.

The project is expected to establish advanced research and innovation centers in priority sectors including microelectronics, information technology, automation, biotechnology, and advanced materials. It will also promote industry clusters and industrial symbiosis, while strengthening collaboration between businesses, universities, and research institutions.

VnEconomy-Hồng Quang

Accelerated transportation transition

Tue, 16 Jun 2026 04:00:00 GMT

Vietnam Economic Times / VnEconomy gathered insights from policymakers, experts, and businesses on how AI is transforming transportation and mobility around Vietnam.

Ms. Citra H. Nasruddin, Program Director, Tech for Good Institute (TFGI)

I believe there is growing consensus that AI not only generates significant economic value but also improves quality of life in many ways, particularly in mobility and transportation. Among the clearest benefits we can already see are greater operational efficiency, time savings, and lower costs.

In Vietnam, multiple pathways are emerging to build a more sustainable transportation future, ranging from the transition to electric vehicles and expanded public transportation to AI-driven logistics optimization, smart transportation systems, and shared mobility platforms. Each pathway plays a distinct role, but in my view, AI is the “common thread” connecting every part of this ecosystem, enabling it to operate more efficiently and cohesively.

However, ambition alone is not enough. The pace and sequencing of implementation matter just as much. Developing smart transportation systems will take decades and cannot outpace the practical limits of infrastructure or workforce capacity. Investments in infrastructure, training, and workforce upskilling therefore require time and must be realistically reflected in long-term implementation plans.

Another major challenge is data fragmentation. To fully unlock AI’s potential in mobility, Vietnam will need to establish a centralized data system capable of effective integration and sharing among stakeholders. Equally important is developing a clear roadmap for AI adoption, something I believe should be prioritized at this stage.

I believe public-private partnerships and trust-based data-sharing mechanisms will play a pivotal role in driving innovation. At the same time, regulatory coordination, along with policy stability and predictability, will form an important foundation for attracting long-term investment. Institutional capacity and a transparent, clearly defined legal framework are also essential to this transition.

In particular, I believe Vietnam should adopt more flexible policy frameworks, including AI-supported policy sandbox mechanisms. Such an approach would allow new models to be tested, refined, and gradually scaled in a safe and controlled manner. More importantly, AI deployment must remain inclusive and people-centered, ensuring that all groups have access to opportunities and that no one is left behind in the course of technological transformation.

Mr. Ted Kim, CEO of GCOO Vietnam

Drawing from experience in developing smart city platforms and currently operating electric transportation infrastructure in Vietnam, I believe the country’s transportation challenge extends beyond congestion. At a deeper level, the problem lies in the fragmentation of the overall system.

Vietnam currently has multiple transportation modes operating in parallel, including motorcycles, private cars, buses, taxis, ride-hailing services, electric vehicles (EVs), and more recently, urban rail systems in Hanoi and Ho Chi Minh City. However, these systems remain fragmented, lacking connectivity in data, planning, and operational coordination.

By contrast, in countries such as Singapore and South Korea, residents can simply open a mobile application to know exactly when a bus will arrive, which metro line is departing next, or even which platform location is most convenient to minimize travel time. This allows users to choose the most efficient mode of transport.

Based on this reality, I believe AI can help Vietnam address four key transportation challenges.

First is improving visibility into and forecasting transportation demand. Cities need to understand where people are traveling, when they are traveling, and for what purposes. AI can help predict mobility demand while identifying underserved areas.

Second is addressing pressure on urban space. In cities such as Hanoi, congestion is not limited to roads but also extends to parking facilities, sidewalks, pick-up and drop-off points, and public spaces. AI can help analyze and identify emerging “pressure hotspots.”

Third, AI can support the planning, forecasting, and deployment of environmentally-friendly transportation, particularly EVs. However, introducing EVs to the market is only the first step. More important are the operational systems behind them, including charging and battery-swapping management, vehicle maintenance, traffic coordination, safety, and maintaining a stable and convenient user experience.

Fourth is measuring sustainability. If Vietnam wants more investment in green and sustainable transportation, cities and investors will need reliable data on usage rates, emission reductions, safety, and accessibility. AI can help analyze such data, but only if eliable data infrastructure exists.

In my view, Vietnam needs a clear operational framework in which the private sector has room to invest, while the public sector plays a supporting and coordinating role, thereby fostering public-private partnerships and resource sharing. Vietnam must also establish data standards, as AI is only effective when input data is sufficiently high quality. The country needs to prioritize practical pilot programs rather than stopping at conceptual ideas, and transportation systems should be designed with people at the center.

Ms. Nguyen Thi Le Quyen, Head of the Enterprise Support Department, National Innovation Center (NIC)

In the context of AI development and innovation today, I believe public-private partnerships (PPPs) need to be broadened beyond resource sharing to encompass a shared vision between the government and the private sector to jointly build mechanisms and policies that foster the growth of the technology ecosystem.

This direction has become increasingly evident in recent years as the government has introduced a list of strategic technology sectors and strategic technology products, including AI and products such as traffic cameras. This demonstrates that the government is not only acting as a regulator but also proactively shaping the market and signaling confidence for businesses to invest more boldly in AI research, development, and application.

At the same time, the government has gradually strengthened the legal framework surrounding AI, from risk management mechanisms to policies encouraging responsible AI development and deployment. Most recently, Decree No. 182/2025 on PPP mechanisms in science, technology, and innovation was introduced.

In my view, this is a highly-open mechanism that enables organizations such as the National Innovation Center to work with businesses in developing, commercializing, and operating science- and AI-based applications. More importantly, it creates more flexible collaboration space between the public and private sectors in advancing technology.

Another particularly important area is public-private cooperation in infrastructure development and resource sharing, especially data infrastructure. In AI, data is a decisive factor. The government is currently accelerating the establishment of national data centers and the integration of databases across ministries and agencies.

I believe that once databases are integrated and shared at an appropriate level, the private sector will be better positioned to develop AI models and build more effective applications for logistics, transportation, and mobility. This will also provide an important foundation for AI to move into practical operation.

Beyond data infrastructure, today’s PPPs should also focus on building an open ecosystem. All stakeholders exist within the same ecosystem and are both affected by and beneficiaries of it. Therefore, it is essential to connect all participants, from government agencies, investors, and startups to research institutes and universities.

In recent years, the National Innovation Center has launched multiple incubation programs for AI startups, including solutions for logistics, seaports, transportation, and automation. At the same time, Vietnam is selectively attracting major technology corporations to participate in the domestic innovation ecosystem in order to foster more comprehensive AI development.

Beyond traditional PPP models, I also believe Vietnam should place greater emphasis on a “triple helix” cooperation model involving government, universities, and businesses. This is a major policy direction aimed at linking education, research, and markets to address broader economic and sectoral challenges. In this context, the role of connecting stakeholders across the ecosystem will become increasingly important to the development of AI and innovation in Vietnam.

Mr. Dinh Tuan Hung, Director of the Institute for Space and Underwater Technology, Hanoi University of Science and Technology

AI is already having a major impact on transportation monitoring. It is increasingly clear that public behavior changes significantly when it is introduced into traffic surveillance systems. Road users become more conscious of complying with traffic rules, as virtually all vehicles and participants are now within the monitoring system.

From this perspective, if Vietnam wants to accelerate the transition from gasoline-powered vehicles to electric vehicles, technology- and data-driven regulatory tools can be deployed. For example, cities could introduce congestion charges based on transportation zones, with fees increasing progressively toward central urban areas. Such measures would not need to be implemented immediately but could instead follow a gradual roadmap, allowing citizens time to adapt.

In my view, the key is to create mechanisms that encourage people to voluntarily choose more suitable transportation options. If revenues generated from such policies are reinvested into small-scale public electric vehicles systems, this could gradually help shift travel habits away from private vehicles and toward public transportation. The transition should be transparent, phased, and provide adequate adaptation time for citizens rather than being imposed abruptly.

More broadly, transportation and logistics are becoming increasingly diversified. Many cities around the world have begun deploying drone delivery systems, developing the low-altitude economy, and expanding water-based transportation models. This suggests that future mobility will no longer revolve solely around land-based transport, but rather evolve into a multilayered, multimodal ecosystem.

As a result, the concept of transportation safety will also change. Citizens will no longer focus only on road safety but will also be concerned about risks emerging from airspace and autonomous vehicles. To manage such a complex system in an integrated way, the first requirement will be unified governance infrastructure.

Future transportation will involve not only vehicles, but also data, software, cybersecurity, safety, and the management of moving objects across multiple physical environments.

For this reason, all stakeholders, from individuals to businesses, should contribute data to a national data system through appropriate mechanisms. Only with sufficiently large datasets can AI generate solutions that are both intelligent and accurate. On that basis, the government can play a regulatory role, establish differentiated governance layers, and develop tailored applications for different user groups.

For example, ordinary citizens could access applications that recommend optimal transportation options, while logistics companies could benefit from deeper layers of data and more specialized solutions for operations and freight coordination. With a shared platform of this kind, the transportation ecosystem could function more efficiently and provide fairer access across user groups.

However, centralized digital systems and data concentration also introduce new risks. One of the most significant is energy security. Power outages or natural disasters affecting infrastructure could disrupt the entire platform. As a result, contingency plans, backup systems, and risk mitigation mechanisms will be essential to ensure operational continuity.

Mr. Nguyen Anh Duong, Head of the Department for General Economic Issues and Integration Studies, Institute for Policy and Strategic Studies (IPSS)

In my view, public-private partnership (PPP) mechanisms play a critical role in developing AI applications for transportation and mobility in Vietnam. This is neither solely the responsibility of government agencies nor of businesses. Rather, it requires the participation of multiple stakeholders. For PPPs to function effectively, the first step is to clearly define the principles of coordination between participating parties.

The first priority is determining which types of risks can be managed most effectively by which stakeholders. In traditional PPP models, governments typically focus on systemic risks such as legal frameworks, policymaking, and macro-level issues, while businesses address market-related challenges. However, AI introduces a new category of risks that both sides must jointly manage, namely, process- and data-related risks.

This is also the most important part of today’s challenge. Data remains a relatively new field, where everything from collection methods and usage processes to the scope of deployment requires both business-led innovation and government oversight. Without clear mechanisms for allocating responsibility and sharing data, it will be difficult to establish an effective AI foundation for transportation.

More specifically, businesses can focus on areas aligned with their strengths, such as data collection, information processing, and digital infrastructure development. For example, AI-powered traffic sensors and data platforms are areas where companies can contribute effectively. Businesses can also provide data services to government agencies, including travel demand forecasting and projections for future transportation corridor development.

In some cases, government agencies may be well suited to initial implementation, but when systems move into continuous, uninterrupted operation, businesses are often better positioned to manage them efficiently. This also creates opportunities for companies to generate revenue through data services and technology platforms supplied to the public sector.

Meanwhile, the government’s role is to establish policy mechanisms that incentivize private-sector participation while ensuring vulnerable groups, including workers, older adults, and small and medium-sized enterprises, can still access AI-enabled transportation services. Ultimately, businesses must prioritize profitability, while many disadvantaged groups may not be able to access services entirely through market mechanisms.

Another equally-important issue is establishing standards for AI in transportation. These standards should not only cover data interoperability and infrastructure specifications, but also AI ethics, data governance processes, and secure data-sharing mechanisms. Questions such as who can access data, under what procedures, and according to which sharing standards while maintaining safety and security all need to be clearly defined.

Even in developing these standards, however, PPPs remain essential. In practice, regulators may understand broad principles, but businesses often possess deeper expertise in technical standards through direct engagement with technology and markets. At the same time, without proper safeguards, proposed standards could end up serving the interests of certain businesses rather than the broader public good.

For this reason, standards development requires open dialogue between government and businesses, while also ensuring a balanced alignment of interests.

Finally, current PPP mechanisms still tend to focus primarily on relationships between the State and businesses, while the voices of citizens remain relatively muted. In the context of AI in transportation, citizens and workers are the ultimate beneficiaries. While the benefits to any one individual may appear small, collectively across society they become highly significant.

As such, stronger mechanisms are needed to directly incorporate public feedback so that AI development in transportation genuinely serves the broader public interest.

Associate Professor Dam Hoang Phuc, Director of the Automotive Engineering Program, Hanoi University of Science and Technology

When discussing AI in transportation, the most important question is where it can make an impact and which areas it is best positioned to support. In my view, AI can contribute to three key pillars of transportation: governance, infrastructure and vehicles, and end-users.

In terms of governance, I believe transportation management in Vietnam remains largely reactive. By contrast, AI’s greatest strength lies in its ability to shift the system from reactive responses to prediction and prevention. This represents one of AI’s most valuable contributions to transportation. Rather than responding only after congestion or incidents have occurred, AI can help forecast potential risks in advance, enabling authorities to proactively regulate traffic and implement appropriate solutions.

However, achieving this requires one essential condition: synchronized data and a shared data system. In my view, if every organization continues developing separate datasets in isolation, AI will struggle to reach its full potential. Therefore, AI development in transportation must go hand-in-hand with stronger data interoperability and information sharing across agencies and levels of government.

The second issue concerns infrastructure and vehicles. Smart transportation systems and AI deployment require infrastructure that is adequately prepared. We need to clearly define what additional investments are necessary, from traffic signals and cameras to operation centers and data infrastructure. At the same time, vehicles participating in the transport system must be equipped with technologies that enable connectivity and AI integration.

We are already seeing the emergence of connected transportation models, including vehicle-to-infrastructure, vehicle-to-vehicle, and vehicle-to-center communication systems. In my view, Vietnam needs to establish an appropriate roadmap for these models. This will be a critical foundation if AI is to play a meaningful role in transportation operations.

The third issue concerns users. Transportation needs differ across population groups. Residents in Hanoi, for example, have different mobility patterns and demands from those in Ho Chi Minh City or other localities.

VET-

BSides Hanoi returns with theme ‘No Human’

Tue, 16 Jun 2026 00:00:00 GMT

BSides Hanoi 2026 has selected "No Human" to provide a fresh perspective on the profound and growing impact of Artificial Intelligence (AI) on the digital security landscape.

BSides Hanoi 2026, an international-standard community cybersecurity conference, is set to officially take place on August 5, 2026, in Hanoi under the theme “No Human.”

The conference is organized by the Vietnam Cybersecurity Joint Stock Company (VSEC)—a member of G-Group Technology Corporation—in collaboration with the National Cybersecurity Association (NCA) and the Vietnam Internet Association (VIA).

Continuing its mission to connect the cybersecurity community in Vietnam, BSides Hanoi 2026 has selected "No Human" to provide a fresh perspective on the profound and growing impact of Artificial Intelligence (AI) on the digital security landscape.

As AI systems increasingly gain the ability to make autonomous decisions, execute complex tasks, and interact independently with the digital world, the traditional role of humans in cyberspace is being redefined. The industry is witnessing a shift where humans are moving away from direct execution toward roles as designers, supervisors, and strategic directors of intelligent systems operating at an unprecedented scale.

The conference will feature in-depth discussions on several key areas, including: The application of AI and automation in cyberattack strategies; Automated defense and threat detection systems; Trends in eliminating human-centric bottlenecks in security operations; and Digital trust, compliance, legal frameworks, and risk management in the AI era.

Regarding the theme, Chairman of VSEC Truong Duc Luong said "At last year’s BSides Hanoi, AI served as the common thread connecting various topics, from defense and attack to legal regulations. This year, AI remains a core element, but we are moving toward a more practical and technical approach. We want to provide expert perspectives on specialized fields such as web application attacks and malware tracking."

"The conference is designed to help the community visualize cyber threats more intuitively. While attack techniques or malware may not be entirely new, the support of AI allows them to unfold faster than ever before. The ultimate goal of this event is to answer a critical question: How must we respond?," he added.

Vneconomy-Tiến Hải

Vietnamese PM and Chinese Premier hold phone talks

Mon, 15 Jun 2026 23:00:00 GMT

The two sides agree to promote cooperation in infrastrucutre, industries and agricutural trade.

Prime Minister Le Minh Hung held phone talks with Chinese Premier Li Qiang on June 15, proposing the two countries promote bilateral trade, soon operationalise smart border gate models, and develop cross-border economic cooperation zones to facilitate trade, investment, and sectoral cooperation.

PM Hung also suggested the two countries to boost infrastructure connectivity and development of a multimodal transport system, with priority given to railway cooperation and connectivity with other countries and regions.

He expressed the desire to expand cooperation in science and technology, education, high-quality human resource training, health care, especially traditional medicine; strengthen cultural and tourism cooperation; and effectively implement the Vietnam–China Tourism Cooperation Year 2026–2027; while further enhancing existing local-level cooperation mechanisms, especially between border provinces, and expanding cooperation among regions with strong potential.

Agreeing with PM Hung’s proposals, Premier Li stated that China is ready to promote railway cooperation between the two countries and strengthen connectivity with other countries and regions; advance industries and agricultural trade, inspection and quarantine cooperation.

China will encourage reputable and capable enterprises to expand high-quality investment, especially in science, technology and innovation; enhance cooperation in energy security and power connectivity; effectively implement the China–Vietnam Tourism Cooperation Year 2026–2027, he said.

VnEconomy-Hà Lê

Proposal for full land rent waiver to drive high-tech investment

Mon, 15 Jun 2026 08:22:00 GMT

The science and technology ministry proposed an additional incentive: a "total land rent exemption for the entire lease term for strategic technology RD centers, high-tech RD centers, and strategic technology enterprises."

The Ministry of Justice on June 15 published the appraisal dossier for the second draft of a Decree detailing and implementing several articles of the Law on High Technology.

In this version, the Ministry of Science and Technology (MoST) reviewed and proposed incentive mechanisms and policies at the highest level to facilitate business investment, research, and development of science and technology. The draft aims to promote the growth of high technology, strategic technologies, and strategic technological products.

Notably, Article 44 of the draft stipulates regulations on land use fees and land rent to supplement incentive policies for exemptions and reductions. Accordingly, the MoST proposed an additional incentive: a "total land rent exemption for the entire lease term for strategic technology RD centers, high-tech RD centers, and strategic technology enterprises."

Explaining this proposal, the submission report stated that these centers are key entities that require prioritized incentive policies and support to conduct research and development (RD) activities and manufacture strategic technological products. This move is intended to institutionalize the Party's directions in Resolution No. 57-NQ/TW regarding "fast and sustainable development, and gradually achieving technological autonomy, especially in strategic technologies."

However, under current land incentive policies, these centers are not yet treated equitably compared to similar entities, such as institutes and innovation centers for the digital technology industry or research facilities of science and technology enterprises. Therefore, to ensure policy consistency and fairness between these centers and corporate scientific research facilities, and to avoid negatively impacting investment attraction, the draft adds the aforementioned regulations.

Additionally, the draft stipulates a "full land rent exemption for the entire lease term for land areas subleased to investment projects involving high-tech or strategic technology activities."

For other land areas, the proposal includes a 15-year land rent exemption followed by a 50% reduction for the remainder of the lease term (excluding land used for shared infrastructure in high-tech zones as regulated in Clause 5, Article 95 of Decree No. 102/2024/ND-CP, dated July 30, 2024, which provides detailed regulations on the implementation of the Land Law).

Vneconomy-Đỗ Như

Vietnam's MA market could reach $16bln by 2030: forum hears

Mon, 15 Jun 2026 07:10:00 GMT

Vietnam currently has four unicorns, the third-highest number in Southeast Asia, and could have at least eight billion-dollar startups by 2030.

Vietnam's mergers and acquisitions (MA) market could expand to between $14 billion and $16 billion by 2030, driven by a growing technology ecosystem, rising startup activity, and increasing investor interest, experts said at Venture Forum 2026 held in Ho Chi Minh City on June 12.

The forum focused on emerging dynamics shaping Vietnam's next wave of MA activity.

Speaking at the event, Mr. Tran Trong Tuyen, Deputy Director of the HCM City Department of Science and Technology, said Vietnam is entering a new growth phase powered by science and technology, innovation, digital transformation, and the private sector. Venture capital, growth investment, and MA transactions are expected to play a critical role in developing high-capacity technology enterprises.

International investors highlighted Vietnam's strong potential as a destination for innovation-driven capital. Mr. JunSung Bae, Managing Director of Investment at Lotte Ventures, described Vietnam as one of Southeast Asia's most promising startup markets, supported by robust economic growth, a young workforce, and capable founders.

Industry experts identified artificial intelligence, the Internet of Things (IoT), and semiconductors as key growth drivers over the coming decade. The expanding presence of global technology companies' RD centers is expected to generate innovative firms that could become attractive acquisition targets.

According to Ms. Le Han Tue Lam, chief executive officer of VinVentures, Vietnam currently has four unicorns, the third-highest number in Southeast Asia, and could have at least eight billion-dollar startups by 2030 if companies continue strengthening their competitiveness and innovation capabilities.

VnEconomy-Vân Nguyễn

AI-Powered transportation transformation

Mon, 15 Jun 2026 04:00:00 GMT

Transportation is already being transformed by AI to differing degrees in Vietnam and elsewhere in Southeast Asia.

The emergence of ride-hailing platforms a decade ago transformed Vietnam’s mobility landscape. The new business model not only changed how people traveled and forced traditional taxi operators to adapt in order to remain competitive, but also created new employment opportunities and prompted regulators to revise policies in response.

“Today, a new technological wave, particularly AI, could trigger an even greater turning point for Vietnam’s transportation system,” Mr. Nguyen Anh Duong, Head of the Department for General Economic Issues and Integration Studies at the Institute for Policy and Strategic Studies (IPSS), told the “Mobility, Artificial Intelligence (AI) and Society: Strengthening the Future of Transportation in Vietnam” workshop.

Impacts on mobility

In practice, AI has already begun to feature prominently in Vietnam’s transportation and urban development policies. Intelligent traffic operation centers, AI-enabled cameras, and data analytics platforms are gradually becoming the new “digital infrastructure” of modern cities. In Hanoi alone, according to recently-published figures, the city had installed more than 1,800 AI cameras for traffic management by 2025 and plans to deploy more than 2,100 additional units this year.

AI’s role extends beyond surveillance. The technology is improving the detection and enforcement of traffic violations while reducing dependence on manual monitoring methods. Official reports show that within the first month of deploying Hanoi’s AI camera system, authorities recorded more than 6,300 traffic violations subject to administrative penalties. In Ho Chi Minh City, a similar system identified more than 3,400 violations within a single month.

Countries across Southeast Asia are increasingly leveraging AI to build cities that are more resilient to infrastructure pressures and environmental challenges. Mr. Erlanggasakti Putra, Program Analyst at the Tech for Good Institute (TFGI), said Singapore uses AI to predict congestion risks in public transportation before disruptions spread across the wider network.

In the Indonesian capital Jakarta, AI supports traffic navigation during extreme weather events or sudden flooding. The system can quickly reroute vehicles to safer roads, helping reduce public risk while ensuring smoother mobility.

At the same time, the shift toward electric mobility is elevating AI’s importance within Southeast Asia’s green transportation strategies. According to TFGI, Singapore aims for all newly-registered vehicles to run on clean energy by 2030 and plans to phase out internal combustion engine vehicles entirely by 2040. Malaysia is targeting significant electric vehicle (EV) infrastructure expansion by 2030, with EVs expected to account for 80 per cent of transport by 2050.

Indonesia is seeking to put 13 million electric motorcycles and 2.2 million electric cars on the road before 2030 as part of its pathway toward net-zero emissions by 2060. Vietnam, meanwhile, committed to net-zero emissions by 2050 at COP26 and has introduced a transition roadmap under Decision No. 876/QD-TTg, the Action Program on Green Energy Transition and Carbon and Methane Emissions Reduction in the transportation sector.

According to experts, digital technologies and AI will play a particularly critical role in this process. “We often say AI is driving transportation development, but in reality, the growth of the transportation ecosystem is also feeding back and creating additional momentum for the AI sector,” Mr. Duong said.

Mr. Putra also argued that AI can support policymaking during the transition to electric mobility. Governments are simultaneously grappling with multiple complex challenges, including electricity grid capacity, energy supply, and the still-high upfront cost of EVs. He further emphasized that AI is not only linked to transportation technology but also directly affects labor markets. AI-based training and coordination tools could help workers in traditional transport sectors reskill and adapt to emerging jobs in the green economy.

Within the logistics sector, adopting technology at the appropriate scale can improve operational efficiency and competitiveness. According to the Vietnam Logistics Report 2025, compiled by the Agency of Foreign Trade at the Ministry of Industry and Trade, several leading companies, including the Sai Gon Newport Corporation, Viettel Post, and Vietnam Airlines, have incorporated innovation and AI into logistics operations.

Unlocking AI’s potential

The benefits of AI deployment in transportation and logistics have become increasingly evident. According to reports from Hanoi authorities, AI-driven traffic management has significantly improved traffic flow and reduced congestion. On some roads where AI systems have been introduced, travel time on one-way routes has fallen by as much as 31 per cent, while traffic volume increased by around 13 per cent.

However, experts argue that realizing AI’s full potential in mobility and transportation will require overcoming several key barriers.

According to the IPSS, the first major obstacle is fragmented data. Transportation-related information remains scattered across multiple agencies and organizations. While Vietnam has already enacted laws and government resolutions on data sharing and interoperability, connecting these systems remains a major challenge.

“This is especially important for AI,” Mr. Duong explained. “AI development depends not only on algorithms or processing power but also heavily on access to data for training and operations. Fragmented and disconnected datasets have become one of the biggest barriers to AI deployment.”

A second challenge is uneven AI capacity and infrastructure across localities. To date, most visible progress has been concentrated in Hanoi and Ho Chi Minh City, while many smaller cities and medium-sized logistics and transport firms still face limited investment in AI and digital infrastructure. This raises the risk of widening digital divides between regions and business groups.

The third challenge is cost. Building AI infrastructure for transportation requires substantial investment, from AI camera systems and smart traffic signals to operation centers, data storage, processing infrastructure, and the energy needed to power AI systems. Beyond public investment costs, transportation and logistics businesses also face mounting expenses associated with digital transition.

Experts caution that if technologies are too expensive, overly complex, or poorly suited to business scale, widespread adoption will remain difficult, particularly for small and medium-sized enterprises. For individual users, AI tools may appear relatively affordable and accessible. But for businesses, especially in transportation and logistics, deployment costs represent a much more significant challenge.

On the policy front, Vietnam has developed a relatively comprehensive and rapidly-evolving AI framework. As early as 2021, the government introduced Decision No. 127/QD-TTg on AI research, development, and application. More recently, authorities have issued decisions on strategic technologies and technology products, underscoring AI’s growing role in national development priorities.

In smart transportation, Vietnam has introduced policies promoting the Internet of Things (IoT). However, experts note that an emerging concept - the Artificial Intelligence of Things (AIoT) - remains largely absent from current regulations.

The distinction lies in how data is processed. Traditional IoT systems typically collect information from devices and send it to centralized hubs for analysis. AIoT, by contrast, enables part of the data to be processed directly at the source through embedded AI, with only essential information transmitted to central control systems. This approach accelerates processing, reduces latency, and improves operational efficiency for smart transportation networks.

Based on current realities, Mr. Duong proposed several priorities for the next phase of development. Vietnam, he argued, should first build an integrated and synchronized mobility data platform to support AI deployment in transportation. The country should also help cities beyond Hanoi and Ho Chi Minh City gain access to AI technologies to avoid widening digital divides.

In parallel, Vietnam should accelerate the development of AI-based logistics corridors and expand regulatory sandbox mechanisms for new AI-powered services, such as autonomous delivery and automated operating systems. Without appropriate sandbox mechanisms for both technology and policy, many new transportation models will struggle to move beyond pilot stages and scale effectively.

VET-BACH DUONG

National Steering Committee for Semiconductor Industry Development perfected

Mon, 15 Jun 2026 02:00:00 GMT

The move aims at reinforcing Vietnam's commitment to building a competitive semiconductor sector and advancing its high-tech industrial ambitions.

Under Prime Ministerial Decision 1046/QD-TTg, signed by Prime Minister Le Minh Hung on June 11, 2026, the National Steering Committee for Semiconductor Industry Development has been perfected, reinforcing Vietnam's commitment to building a competitive semiconductor sector and advancing its high-tech industrial ambitions.

Accordingly, the committee is restructured based on the body originally established in 2024 and subsequently revised in 2025.

Deputy Prime Minister Ho Quoc Dung has been appointed head of the steering committee. Minister of Science and Technology Vu Hai Quan and Finance Minister Ngo Van Tuan have been named standing deputy head and deputy head, respectively.

As an inter-ministerial body, the committee is tasked with advising the Prime Minister on major policies and strategic issues related to semiconductor industry development. Its responsibilities include conducting research, proposing policy recommendations, and coordinating efforts among ministries, agencies, and relevant organizations to accelerate the growth of Vietnam's semiconductor ecosystem.

The Ministry of Science and Technology will serve as the standing agency of the committee and will utilize its existing organizational structure to support the committee in implementing its assigned tasks and policy initiatives.

VnEconomy-Hà Giang

Vietnam targets AI contribution of 6% to GDP by 2030

Mon, 15 Jun 2026 00:00:00 GMT

The target is part of a draft National AI Strategy recently released for public consultation.

Vietnam is aiming for artificial intelligence (AI) to contribute approximately 6% of the country's GDP by 2030 under a draft National AI Strategy, recently released for public consultation by the Ministry of Science and Technology.

The strategy envisions Vietnam developing strong capabilities in AI research, development, deployment, and technological mastery, while leveraging AI to drive comprehensive national transformation. AI is expected to become a core capability integrated across public administration, business operations, decision-making processes, public services, and key economic sectors.

The draft sets out five major objectives. First, Vietnam aims to rank among the top three ASEAN countries and the world's top 30 nations in the Government AI Readiness Index by 2030.

Second, the country plans to build a national AI computing platform that will provide government agencies, research institutes, universities, startups, and small and medium-sized enterprises with affordable access to computing resources. At least five Vietnamese-language AI models are also targeted for development.

The strategy further calls for international AI research publications to increase by 10% annually and for universities to graduate at least 10,000 AI, data science, and related specialists each year.

By 2030, Vietnam also aims for AI adoption in at least 70% of large enterprises, 50% of medium-sized firms, and 40% of small and micro businesses, supporting the development of a robust domestic AI ecosystem.

VnEconomy-Hạ Chi

Coherent strategy required for AI application

Sun, 14 Jun 2026 08:30:00 GMT

The deployment of AI must be considered from a long-term perspective for it to fully benefit transportation.

Transportation is not simply about infrastructure or vehicles, as it shapes the daily lives of millions of people. Representatives from government agencies, logistics businesses, and the social research community attending the “Mobility, Artificial Intelligence (AI) and Society: Strengthening the Future of Transportation in Vietnam” workshop reflected on a landscape that is both encouraging and demanding of greater effort to ensure no one is left behind in the development of smart transportation.

AI’s role

Mr. Luong Duc Thang, Deputy Head of the Transport Infrastructure Management Division at the Hanoi Department of Construction, said AI’s role in urban transportation management has already been clearly identified in several near-term areas, including traffic enforcement, the operation of green transportation ecosystems, and traffic flow improvement. However, broader long-term direction for AI deployment, as well as how to effectively harness large datasets for governance and operations, remains an area requiring further study and clarification.

In practice, Hanoi had installed more than 1,800 AI-enabled cameras for transportation and public security purposes by 2025 and plans to add more than 2,100 additional cameras this year. The figures reflect an impressive pace of implementation. Yet according to Mr. Thang, what regulators truly need is not simply more equipment, but a coherent big data strategy, from collection to practical use in urban governance. “Every policy must answer one question: what benefits will citizens receive from its implementation?,” he said. “This remains a new area, and we need stronger engagement from AI experts to help shape clearer direction.”

As Hanoi adjusts its master plan and expands urban development, Mr. Thang argued that building a unified transportation data platform, from data collection to operational deployment, has become an urgent requirement, demanding coordination between regulators, technology companies, and experts.

Mr. Nguyen Duy Hong, Operations Head, North Central Vietnam, at the YCH Group, shared his first-hand experience applying AI from the perspective of a logistics company facing growing trade volumes and mounting pressure to optimize transportation costs. In the past, shipment planning relied heavily on experience and assumptions: a truck would be booked for 8am, and operators simply waited. If it failed to arrive on time, only then would any follow-up begin. Today, through AI and GPS integration, logistics teams can determine well in advance where vehicles are and when they are expected to arrive.

That real-time visibility not only reduces uncertainty but fundamentally changes how resources are allocated and operational plans are designed. “AI has helped us reduce planning time by 80-85 per cent, while cutting costs by around 30-40 per cent through the automation of repetitive tasks,” Mr. Hong said.

At the same time, he highlighted a paradox: while AI is integrated into corporate management systems, many employees continue using personal AI tools to handle day-to-day work. This raises concerns over customer data security, but more fundamentally reflects the absence of shared data infrastructure accessible across supply chains. “A supply chain is only as strong as its weakest link, and no one wants to be that weakest link,” he added.

He therefore called on the government to establish a centralized data hub where businesses could securely upload and access information, rather than forcing each company to independently invest in fragmented cloud infrastructure; an approach that is both costly and risks deepening data silos across the industry.

At the same time, the green transition is creating new practical pressures. Many logistics firms have only recently invested in truck fleets that have yet to fully depreciate, but are already being pushed to consider electric vehicle (EV) alternatives. However, electric trucks currently available in Vietnam still fall short in terms of payload capacity and operational range required by the logistics sector. This, he argued, requires appropriate policy support to help businesses navigate the transition.

AI’s role in urban transportation management has already been clearly identified in several near-term areas, including traffic enforcement, the operation of green transportation ecosystems, and traffic flow improvement. However, broader long-term direction for AI deployment, as well as how to effectively harness large datasets for governance and operations, remains an area requiring further study and clarification.

Choices available

Dr. Nguyen Duc Vinh, former Director of the Institute of Sociology at the Vietnam Academy of Social Sciences, emphasized issues of accessibility and social equity as transportation systems evolve rapidly. As policies shift and technologies advance, different population groups will inevitably have different capacities to adapt and varying transportation choices available to them.

He pointed to motorcycles as an example. The widespread reliance on motorbikes in Vietnam reflects a practical reality: for many people they remain the best option given current conditions - affordable, flexible, and independent of fixed schedules.

In his view, travel behavior will naturally evolve only when transportation systems provide genuinely more convenient and suitable alternatives. “Some groups adapt to technology very quickly, while others are almost excluded from it,” he explained. “Whenever policies or technologies change, we need to ask: what transportation options will these groups realistically have?”

He also stressed that AI cannot replace human decision-making in transportation participation. Transitioning to EVs, expanding public transit, and deploying AI all hold significant value, but should also be evaluated against social indicators, including affordability, accessibility, and impacts on quality of life across different population groups.

As Vietnam’s transportation sector undergoes an intelligent digital transition amid rapid AI development, it faces multiple challenges. A unified and interoperable transportation data platform is increasingly viewed as essential for AI applications to operate effectively at the system level, rather than remaining confined to individual agencies or businesses.

At the same time, policymakers must account for differences in public accessibility, including among groups less equipped to adapt to technological or policy shifts, to ensure the benefits of smart transportation are shared broadly across society.

VET-AN MINH

AI-powered transportation improvement

Sun, 14 Jun 2026 03:00:00 GMT

AI is certain to improve transportation and associated fields greatly if all prerequisites are met.

Vietnam’s GDP growth came in at 7.83 per cent year-on-year in the first quarter of 2026, building on the strong 8.02 per cent result in 2025 as a whole and placing the country among the region’s most dynamic economies. Alongside rapid urbanization and rising incomes, demand for transportation that is convenient, safe, and efficient has increased sharply. AI is raising expectations of a fundamental transformation in Vietnam’s transportation, logistics, and urban systems.

At the “Mobility, Artificial Intelligence (AI) and Society: Strengthening the Future of Transportation in Vietnam” workshop, co-hosted by the Vietnam Economic Association (VEA), Vietnam Economic Times / VnEconomy, and the Tech for Good Institute (TFGI), in coordination with the Institute for Policy and Strategic Studies (IPSS), experts argued that the greatest challenge is no longer technology itself but rather the ability to integrate data, expand energy infrastructure, and prepare a workforce capable of adapting to an entirely new transportation landscape.

Data comes first

In every smart transportation system, from traffic signal optimization and freight management to urban planning and emissions control, data forms the operational foundation.

Mr. Truong Manh Tuan, Deputy Head of the Environmental Quality Management Division at the Department of Environment under the Ministry of Agriculture and Environment, said transportation remains one of the largest sources of emissions in major cities such as Hanoi and Ho Chi Minh City, alongside construction and industrial activities. Air pollution in large urban centers has persisted for years and exceeded regulatory thresholds over extended periods.

As a result, resolving urban environmental problems requires comprehensive rather than piecemeal approaches, with transportation emissions control playing a central role.

Under the current roadmap, Vietnam has begun tightening emissions standards for motor vehicles. Notably, mandatory motorcycle emissions inspections are scheduled to take effect on July 1, 2027. However, according to Mr. Tuan, the objective is not to eliminate vehicles but rather to foster regular maintenance habits and emissions monitoring. Studies suggest that many motorcycles can reduce emissions by 70-90 per cent after proper servicing.

Experts also agreed that AI ambitions will remain limited unless the country first addresses its data challenge. Without sufficiently large environmental and transportation datasets, emissions inventories, real-time monitoring, and accurate policy design become difficult to implement.

Dr. Tran Tien Dung from the Urban Development Agency at the Ministry of Construction said AI and the Internet of Things (IoT) are fundamentally reshaping how cities organize transportation systems. While transportation planning once relied largely on periodic surveys and static snapshots in time, AI now makes it possible to build real-time “mobility maps” using continuous data collected year-round.

This enables cities to better identify travel demand, congestion hotspots, and residents’ access to services. More importantly, AI is helping shift planning philosophy from “organizing transportation for mobility” to “designing cities to reduce the need for travel.” The concept of the “15-minute city,” where essential services are accessible within short distances, is increasingly viewed as a promising model for data-driven urban planning.

Beyond planning, AI is also expected to support traffic flow management, signal optimization, enforcement, and real-time urban operations. However, despite these technological ambitions, Vietnam still lacks an interoperable data platform connecting sectors and levels of government, widely seen as the biggest “soft bottleneck” to smart transportation development.

Infrastructure gaps

Alongside AI, the transition to new-energy vehicles is becoming another major force reshaping urban transportation in Vietnam. But as electric vehicle (EV) adoption expands beyond early adopters to mainstream consumers, shortcomings in infrastructure and technical standards are becoming increasingly visible.

Ms. Nguyen Thi Nhat Ha from Voltality Pte Ltd said early adopters may tolerate inconveniences such as limited charging stations or the need to use multiple apps to operate EVs, but mainstream users expect a level of convenience comparable to gasoline-powered vehicles. “Vehicles must fit consumers’ existing lifestyles, rather than forcing them to completely change their lifestyles for EVs,” she said.

According to experts, Vietnam’s EV market remains largely confined within relatively closed ecosystems. What is missing is an open ecosystem in which users can access shared charging infrastructure across different vehicle brands.

The issue extends beyond technology and is closely tied to regulatory frameworks and technical standards. Vietnam currently lacks unified standards for charging stations, connectors, electrical safety, and fire prevention systems for EV infrastructure. This uncertainty has made many international investors cautious despite strong market potential.

Dr. Dung suggested Vietnam could draw lessons from the mobile phone industry’s transition toward standardized Type-C charging ports in designing a common EV charging framework. Only with harmonized standards, he argued, can the market develop openly and foster genuine competition.

At the same time, EV growth is creating new pressure on energy infrastructure. AI is expected to help optimize electricity demand, allocate charging networks, and coordinate energy loads across regions. But operating a large-scale EV ecosystem efficiently will require far closer coordination between urban planning, energy systems, and transportation policy.

Inclusive transition

While AI and smart transportation are reshaping cities, they are also transforming labor markets. Ms. Trinh Thu Nga of the Institute of State Organizational and Labor Sciences at the Ministry of Home Affairs said the transition toward green and intelligent transportation is creating new employment opportunities in areas such as EV charging infrastructure operations, AI-powered logistics coordination, and digital transport platform management.

Yet those opportunities come alongside significant adaptation pressures for traditional workers, from motorcycle drivers and gig delivery workers to informal logistics laborers. While technology evolves monthly, retraining workers can take years.

Vietnam’s current paradox is that the country not only lacks AI specialists but also faces shortages of mid-level technical workers, broad-based digital skills, and flexible retraining mechanisms for adult workers. Without adequate preparation, digital transformation risks widening skills gaps and increasing the likelihood that parts of the workforce will fall behind.

As a result, many experts believe smart transportation development must be accompanied by comprehensive workforce and skills strategies. Investment in technology must go hand-in-hand with investment in people.

At the same time, smart transportation should be viewed as an integral component of a modern labor market. Beyond mobility, transportation determines workers’ access to jobs, labor mobility, and ultimately economic productivity.

As green and digital transitions accelerate simultaneously, calls are growing for stronger “transition safety nets” for workers, including retraining programs, social insurance protections, and career transition support.

Ultimately, the success of smart transportation will not be measured by the number of technologies deployed, but by whether people can travel more conveniently, workers have access to better opportunities, and society becomes more inclusive.

VET-Tuan Khang

Phu Tho boosts investment promotion and high-tech cooperation in Sweden

Sun, 14 Jun 2026 02:00:00 GMT

The northern province of Vietnam prioritizes sectors where Sweden holds significant expertise, such as high-tech industries, precision engineering, pharmaceuticals, information technology, innovation, and tourism.

Vietnam's northern province of Phu Tho expects Swedish corporations to further expand their investment, particularly in high-tech sectors, smart manufacturing, human resource training, and the development of local supporting industrial ecosystems.

The information was shared during a recent official working visit to Sweden of a delegation from the province, led by Deputy Secretary of the Provincial Party Committee Bui Huy Vinh.

As part of the program, the delegation held working sessions with the Vietnamese Embassy in Sweden and the Nordic country's leading technology corporations to attract investment and promote strategic partnerships.

During the meeting with the Vietnamese Embassy, Mr. Vinh emphasized that Phu Tho prioritizes sectors where Sweden holds significant expertise, such as high-tech industries, precision engineering, pharmaceuticals, information technology, innovation, and tourism. He also affirmed that the province is accelerating administrative reforms and improving its investment environment to provide the most favorable conditions for businesses to achieve sustainable growth.

The delegation met with representatives from Airborne Group, a world-leading technology firm specializing in the research and production of composite components for the aerospace, maritime, and high-tech sectors.

The two sides discussed strategies to promote Phu Tho’s unique cultural heritage and eco-tourism products to the high-end Nordic market. Participants also held in-depth discussions on strategic cooperation directions for the future, including technology transfer, investment collaboration, and the implementation of joint projects.

On the same day, the delegation visited the leadership of ASSA ABLOY Asia Holding AB. Established in 1994, the group is a global leader in digital locks, access control systems, and smart security solutions, with operations spanning over 70 countries and territories.

The group currently operates the ASSA ABLOY Smart Technology Vietnam factory at Phu Tho province's Ba Thien II Industrial Park, with an investment capital of approximately $25 million. The project has been operational since 2020, manufacturing high-tech product lines such as smart door locks and modern security components.

With plans for further expansion, the group’s leadership is currently surveying additional potential industrial parks within the province to increase their investment footprint.

Vneconomy-Khánh Vy

HCMC adopts decentralized mechanism for high-tech certification

Sun, 14 Jun 2026 01:10:00 GMT

A key criterion is that the enterprise must maintain RD and innovation spending of at least 2% of its average net revenue during the review period.

The Ho Chi Minh City Department of Science and Technology has begun issuing high-tech enterprise certificates under a new decentralized mechanism. This move is designed to help businesses access support policies, promote innovation, and master core technologies.

On June 12, the department organized a conference to introduce certification conditions for science, technology, and high-Tech enterprises.

Speaking at the event, Ms. Nguyen Hoang Bao Tran, Deputy Director of the department, stated that science, technology, innovation, and digital transformation are identified as vital drivers for socio-economic development in the new era.

According to Ms. Tran, this direction has been institutionalized in the Politburo’s Resolution No. 57-NQ/TW. The goal is to transform science and technology into a direct productive force, fostering Vietnamese enterprises capable of mastering technology and participating more deeply in global value chains.

In the context of a rapidly growing knowledge economy, a company’s competitive advantage no longer depends primarily on capital or cheap labor. Instead, it is increasingly determined by technology, data, and intellectual property (IP). Enterprises that own core technologies, patents, and robust RD capabilities are expected to maintain a more sustainable competitive edge.

During the session, Deputy Head of the department's Technology Management Division Phan Quoc Tuan introduced the specific criteria and procedures for certification.

To qualify as a science and technology enterprise, a firm must have products derived from scientific research, technological development, or innovation. The research results used for certification can include patents, utility solutions, industrial designs, copyrighted software, or officially recognized research findings.

A key criterion is that the enterprise must maintain RD and innovation spending of at least 2% of its average net revenue during the review period. Additionally, it must meet specific requirements regarding RD personnel and revenue generated from science and technology products.

Despite having strong products and stable markets, many businesses still face difficulties in the certification process. These challenges often stem from a lack of structured RD systems or a failure to prioritize the establishment of intellectual property rights.

Vneconomy-Như Quỳnh

Intel Products Vietnam hits $110 bln export milestone after 20 years

Sun, 14 Jun 2026 01:00:00 GMT

Intel’s presence has created a powerful "spillover effect," driving Vietnam's semiconductor market scale to over $21 billion and attracting more than $14 billion in FDI across 240 projects.

Intel has marked a major milestone in Vietnam as its total export turnover surpassed $110 billion. This achievement serves as a testament to the rapid growth of the country's semiconductor industry and underscores Intel's strategic role in Vietnam's digital economy.

With a total committed investment of $4.1 billion since its entry in 2006, the corporation established its largest Assembly and Test facility in its global network at the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City.

Over the past two decades, Intel Products Vietnam (IPV) has shipped more than 4 billion units, contributing significantly to the nation’s export volume. In 2025 alone, IPV’s export value reached approximately $11.67 billion, accounting for 57% of SHTP’s total exports and 12% of Ho Chi Minh City’s total export turnover.

Intel’s presence has created a powerful "spillover effect," driving Vietnam's semiconductor market scale to over $21 billion and attracting more than $14 billion in FDI across 240 projects.

Speaking at the 20th-anniversary ceremony of Intel's operations in Vietnam on June 12, Minister of Science and Technology Vu Hai Quan emphasized that semiconductors are no longer just an industry but have become a strategic national capability. To realize the ambition of becoming a high-income developed nation by 2045, Vietnamhas identified science and technology, digital transformation, and semiconductors as the core drivers of growth.

Looking toward the next 20 years, Vietnam aims to partner with Intel to achieve three major transitions: moving from simply participating in the value chain to mastering higher-value-added stages within the global semiconductor ecosystem; shifting from attracting investment to technological co-creation to jointly researching, developing, and producing new tech products for the global market; and transitioning from general workforce training to elite talent development, fostering a generation of engineers, experts, and scientists capable of leading the technologies of the future.

Vneconomy-Hồng Vinh

Qualitative adaptation to new development requirements

Sat, 13 Jun 2026 10:00:00 GMT

Policymakers, local leaders, academics, and representatives from Vietnamese and international organizations share their perspective on how science, technology, innovation, and human-centered governance can drive sustainable growth, stronger competitiveness, and greater national resilience.

Professor Nguyen Quang Thuan, Member of the Central Theoretical Council and former President of the Vietnam Academy of Social Sciences

The documents from the 14th National Party Congress began to define, in relatively comprehensive terms, the core components of Vietnam’s development model in the new era, from the development context, objectives, perspectives, and operational mechanisms to key tasks and strategic breakthroughs.

In particular, the framework focuses on four key priorities. First, Vietnam’s new development model places people at the center, with national self-reliance serving as the foundation. Science and technology, innovation, and digital transformation are identified as the principal drivers, while sustainable development and improvements in people’s quality of life are regarded as the highest objectives. Notably, economic development must go hand-in-hand with social progress, equity, and comprehensive human development.

At the same time, reforming the development model is framed within both international and domestic contexts. The documents also outline key solutions for refining the new model, particularly through the continued improvement of institutions to support rapid and sustainable development.

Second, strong advances in science and technology must go hand-in-hand with human development, particularly the cultivation of high-quality human resources. This is regarded as a decisive factor in raising labor productivity, strengthening competitiveness, and enhancing the long-term autonomy of the economy.

Third, infrastructure development continues to be identified as a key component of reforming the growth model. The concept of infrastructure extends beyond traditional socio-economic systems to include infrastructure supporting science and technology, innovation, and digital transformation. This will provide an important foundation for creating new growth drivers for the economy.

Fourth, greater emphasis must be placed on the role of businesses, particularly the private sector. In the new development context, effectively leveraging the business community, especially private enterprises, will enable Vietnam to accelerate the application of science and technology, innovation, and digital transformation in production and business activities, thereby improving competitiveness and generating new growth momentum for the economy.

Associate Professor Vu Trong Lam, Deputy Editor-in-Chief of the Communist Review and Director-General and Editor-in-Chief of the National Political Publishing House

In the process of shaping Vietnam’s national development model for the new era, there are two fundamental and decisive issues that require particular attention in determining the country’s long-term development position and competitiveness.

First, Vietnam must fundamentally transform its “national development logic” as the world transitions into a new mode of development. In the 21st century, however, particularly under the impact of AI, big data, digital technologies, and the green economy, the foundations of national competitiveness are shifting rapidly toward knowledge, technology, data, and innovation capacity. This presents Vietnam with a fundamental challenge: moving from a development model based on exploiting existing advantages to one centered on creating new advantages. This represents a qualitative shift in development thinking.

In particular, Vietnam’s strategic task in the coming period is to move decisively from a mindset of “development based on existing resources” to one of “creating new development capabilities.” Under this model, science, technology, and innovation must become the primary engines of growth; data must be recognized as a strategic resource; high-quality human resources must form the core of national competitiveness; and innovative enterprises must become the center of the national development ecosystem.

Second, Vietnam must pursue breakthrough reforms in institutions and national governance capacity amid profound changes in the global development landscape. In particular, three institutional priorities deserve special attention in the coming period: building sufficiently flexible institutions capable of adapting to the rapid pace of change in science, technology, and the digital economy; establishing a data-driven and real-time national governance model to replace fragmented, slow-moving, and procedure-heavy management systems; and creating a coordinated development mechanism between the State, the market, and society, in which businesses serve as the center of innovation while people remain the central actors in development.

Reforming the national development model today is, in essence, not merely about changing the pattern of growth but about reconstructing the entire operational foundation of the country in the digital era. This is not only a development imperative, but also a strategic requirement for Vietnam to realize its ambition of becoming a high-income developed nation by 2045.

Mr. Nguyen Tuan Anh, Deputy Secretary of the Can Tho City Party Committee

Can Tho has identified science and technology, innovation, and digital transformation as the central drivers for shifting its growth model from extensive to intensive development, with the goal of improving growth quality and enhancing economic competitiveness. Since the beginning of the current term, the city has established a relatively comprehensive political and legal foundation to implement this development orientation in a coordinated and systematic manner.

In terms of its development model, Can Tho is prioritizing rapid and sustainable economic growth based on science and technology; the construction of synchronized infrastructure systems; the development of high-quality human resources; institutional reform; and the promotion of innovation and startup ecosystems.

In recent years, the city has worked to implement the contents of Politburo Resolution No. 57-NQ/TW and has gradually developed a science-, technology-, and innovation-driven development model through a series of concrete measures.

First, Can Tho has focused on building and strengthening its innovation ecosystem by expanding cooperation with agencies and institutions to foster stronger links between universities, research institutes, and businesses. This is considered a critical foundation for promoting research, technology transfer, and the commercialization of scientific and technological products.

Second, the city has established a Science, Technology, and Innovation Development Fund to support research, startups, and the development of new technologies.

Third, it has gradually developed “grand challenges” tied to practical development needs, while introducing mechanisms for commissioning and assigning scientific research tasks. This model has begun to deliver positive results by aligning research more closely with local socio-economic development needs.

Fourth, the city is prioritizing high-tech and digital agriculture, in line with the Mekong Delta’s role as Vietnam’s agricultural and agro-processing hub.

Fifth, Can Tho is developing a data center-based growth model and digital operating systems for the Mekong Delta region, helping advance digital transformation in governance, administration, and regional economic development.

Sixth, the city is accelerating the development of an innovation center, with the ambition of becoming a regional hub for innovation.

Seventh, it is gradually establishing concentrated information technology parks and high-tech zones, laying the groundwork for attracting technology enterprises, promoting innovation, and supporting the growth of the digital economy. According to the city, these models have already demonstrated encouraging early results in practice.

In terms of implementation, Can Tho has experimented with multiple approaches while developing a regional-scale innovation and startup center. Initially, the model was largely State-led, then the city later expanded to an innovation-oriented joint stock company model to mobilize additional social resources. At the same time, Can Tho has increasingly entrusted businesses with taking the lead in certain innovation and technology development initiatives.

Mr. Hoang Minh Cuong, Vice Chairman of the Hai Phong City People’s Committee

Hai Phong views reforming its development model as more than simply adjusting the economic structure or adding digital transformation programs. At its core, it represents a fundamental shift in development thinking, the organization of the economy, urban governance, and the creation of new growth drivers.

The city has chosen a development model built on science and technology, innovation, and digital transformation, with people at the center, knowledge and technology as the foundation, innovation as the driving force, modern governance as a competitive advantage, and strategic development spaces as platforms for realizing new growth ambitions. This is not a simple replacement of an old model with a new one, but rather an upgrade of the city’s “operating system” to a higher level.

Hai Phong has identified four strategic pillars for this new model. First, economic restructuring based on high technology. The city is shifting from a mindset of “attracting manufacturing” to one of “building a high-tech industrial ecosystem.” This includes developing green, eco-friendly port-industrial urban areas connected in both the physical and digital worlds. Factories will not only be large-scale but also “smart factories” deeply integrated into global value chains and leveraging advantages in technology, productivity, and innovation.

Second, the digital economy and smart logistics. The digital economy is not merely a technological trend but also a strategic requirement for Hai Phong to maintain and strengthen its international competitiveness. In the digital era, logistics competitiveness depends on the ability to optimize data flows. Accordingly, Hai Phong will prioritize the data economy, smart seaports, the blue economy, and large-scale logistics hubs linked to high-speed rail and aviation networks.

Third, data-driven urban governance. The city aims to be governed through real-time data using digital twins and AI, enabling authorities to conduct smart analysis, make early forecasts, and deliver faster, more accurate, and transparent decisions, thereby gradually transforming urban governance capacity.

Fourth, expanding pilot applications of scientific and technological advances, new technologies, and smart solutions so residents can benefit from higher-quality healthcare, education, and cultural services, while expanding development opportunities, preserving heritage values, and building a globally livable city.

To realize this vision, Hai Phong is focusing on six decisive groups of solutions: institutional breakthroughs; strategic infrastructure development; placing businesses at the center of the new development model; building a substantive innovation ecosystem; ensuring people remain the focus and ultimate beneficiaries of digital transformation; and pursuing sustainable development while preserving and promoting the city’s unique identity.

Mr. Nguyen Tuan Anh, Deputy Secretary of the Lai Chau Provincial Party Committee

There are four key priorities related to the application of science and technology, innovation, and digital transformation today.

First, regarding institutions, institutional reform is often implemented through a top-down approach. However, in practice, many applications with the greatest potential to deliver tangible benefits to people tend to emerge from real needs at the grassroots level, or from the bottom up. One effective solution has been the use of controlled pilot models. Yet many localities continue to face challenges due to the lack of sufficiently clear mechanisms to safeguard proactive innovation, particularly in terms of authority, experimentation space, implementation timelines, and regulatory flexibility for localities willing to think boldly, act decisively, and take responsibility.

Second, people are the ultimate beneficiaries of digital transformation, making user experience a critical consideration. Technologies supporting governance, such as monitoring, screening, tracing, evaluation, and forecasting, are all important. However, these alone are insufficient, as many still function mainly as tools for high-level management rather than directly improving productivity and efficiency at the grassroots level.

While data is critically important, user experience may be even more so. At present, many large language models and AI technologies are focused primarily on developing “smart assistants” for government agencies, while insufficient attention is being given to optimizing social resources by supporting the digital economy for micro, small, and medium-sized enterprises.

Third, internal knowledge and synchronized, interconnected data systems are essential in applying science and technology, innovation, and digital transformation. At the same time, local characteristics and cultural identity must be respected and preserved. This means maximizing citizen satisfaction and benefits without eroding the distinct identity of each locality.

Finally, it is essential to create an environment that encourages and nurtures innovative ideas in the application of new technologies. If society focuses only on fear and hesitates to experiment with and adopt emerging technologies, it will be difficult to achieve breakthrough development.

Associate Professor Nguyen Ba Chien, Director of the Academy of Public Administration and Governance and Member of the Central Theoretical Council

A country seeking rapid and sustainable development must have a sound philosophy for both its development model and national governance. In this context, philosophy can be understood as a system of core and foundational principles that guide the thinking and actions of stakeholders throughout the development process. In terms of national governance, it refers to the foundational perspectives shaping how a country is organized, governed, and developed over the long term.

Accordingly, three groups of philosophies deserve particular attention. First, the philosophy of development objectives. This group comprises four core elements. The first is a people-centered philosophy, in which citizens are simultaneously the center, the subject, the objective, and the driving force of development. Ultimately, all policies and development models must aim to improve quality of life and create conditions for comprehensive human development. This is followed by a philosophy of comprehensive and inclusive governance, ensuring that no sector is overlooked and no group is left behind in the development process.

At the same time, there is the philosophy of rapid development, aimed at seizing opportunities, strengthening national competitiveness, and narrowing the development gap with advanced economies. Finally, sustainable development must ensure harmony between economic growth, social progress, environmental protection, and long-term human development.

Second, the philosophy of development drivers. The first key driver is knowledge-based development, followed by technology-driven development, innovation-led development, and finally data-driven development.

In particular, technology development plays an especially important role in today’s context. However, knowledge-based governance remains indispensable to ensuring the efficiency, quality, and sustainability of development. Technology can only deliver its full value when supported by a strong foundation of knowledge and appropriate governance capacity.

Third, the philosophy of development content, which includes five key priorities. The State must play a development-enabling role, creating a favorable environment and incentives for economic actors. Institutions must stay ahead of development, paving the way for reform and innovation. The spirit of innovation must be continually sustained to adapt to rapid changes in the global environment. Development should follow an open approach, strengthening domestic and international connectivity and cooperation. The ability to adapt flexibly to global and economic shifts will be essential to ensuring long-term sustainable development.

Ms. Sinwon Park, Director of the International Labour Organization (ILO) Country Office for Vietnam

Regarding the economic development model, I believe there are three key dimensions that Vietnam should prioritize in the coming period, with the most fundamental being the need to place people at the center of development.

Specifically, economic development policies should not focus solely on growth, but must be closely linked with social policies and social protection systems to ensure that all citizens can benefit from development gains. This is also one of Vietnam’s key challenges today: how to sustain productivity and strengthen economic competitiveness while building an effective, inclusive, and sustainable social protection system.

At the same time, greater efforts are needed to improve people’s access to healthcare, education, and broader development opportunities. This will also serve as an important foundation for achieving long-term sustainable development goals.

Amid today’s rapid transformation, creating sustainable employment opportunities and ensuring gender equality must also be prioritized. Through these efforts, the State can gradually improve social welfare quality while enabling all citizens to participate in and adapt to the ongoing economic transition. At the same time, a more inclusive approach is needed to strengthen the resilience of the workforce against future shocks and emerging challenges.

This will require raising awareness and strengthening workers’ knowledge and skills to ensure fair and sustainable access to new development opportunities. Alongside this, institutions should continue to be improved, accountability among stakeholders enhanced, and conditions created for businesses and workers to proactively engage and adapt to potential disruptions during the development process.

In addition, expanding access to employment opportunities during the current transition is essential, particularly in strengthening social protection systems to shield people from socio-economic risks. Economic development must go hand-in-hand with social and human development. Labor markets should also be expanded through appropriate policies that help workers access new employment opportunities and improve job quality.

In this context, science and technology and AI will play an especially important role in boosting labor productivity, improving workforce quality, and strengthening labor market capacity. At the same time, they will provide a foundation for more effective governance and stronger institutional capacity, helping Vietnam take a more proactive approach as it enters a new era of development.

Mr. Nguyen Thanh Nhan, Standing Deputy Secretary of the An Giang Provincial Party Committee and Chairman of the An Giang Provincial People’s Council

For many years, the growth model of most localities in Vietnam, including An Giang province, relied primarily on traditional drivers such as land, natural resources, and low-skilled labor. This model has played an important role in promoting economic growth, ensuring national food security, improving living standards, and laying the foundation for regional development over an extended period.

However, in the current development context, these traditional growth drivers are increasingly revealing their limitations. In An Giang, it has become increasingly clear that the old growth model is approaching its limits. Under the province’s 2026 growth scenario, agriculture, forestry, and fisheries are projected to grow by only around 3.5-3.8 per cent, while industry, construction, and services will need to expand by 10-14 per cent to achieve the target of more than 10 per cent gross regional domestic product (GRDP) growth.

This highlights a clear reality: traditional growth drivers are no longer sufficient to generate faster economic progress for the locality in the years ahead.

Against this backdrop, An Giang views reforming its local growth model as more than simply adjusting economic indicators; it requires a fundamental transformation in the way growth is generated. This means shifting from a resource-based growth model to one driven by knowledge and data; from extensive to intensive development; from low-cost competition to competition based on technology, governance quality, and productivity; and from growth driven mainly by output to growth based on added value, productivity, and innovation.

Through practical implementation, An Giang has found that without synchronized development in digital infrastructure, logistics, data systems, digital human resources, and sufficiently-strong mechanisms and policies to encourage investment and strengthen regional connectivity, reforming the growth model will be extremely difficult, not only for An Giang but for the entire Mekong Delta region in the years to come.

The province therefore recommends that the central government continue supporting the development of coordinated mechanisms, policies, and investment frameworks to enable localities to effectively implement new growth models suited to the demands of rapid and sustainable development in the next phase.

Professor Hoang Van Cuong, Vice Chairman of the Vietnam Economic Association and former Vice Rector of the National Economics University

Reforming Vietnam’s national development model should be conducted around five key components: national governance, economic development, social development, environmental governance, and foreign affairs and national defense.

First, reforming the national governance model. This begins with restructuring the State apparatus and reallocating State power. Vietnam is currently advancing efforts to streamline and clarify institutional structures. However, a key challenge is how to coordinate power and inter-agency collaboration to avoid fragmentation and ensure smooth, effective operations. At the same time, greater decentralization and delegation of authority are needed, together with a more balanced allocation of power in the coming period.

Institutional and legal reform, as well as governance methods, must also evolve. This requires shifting from a management mindset to one centered on development facilitation; from process- and behavior-based management to governance focused on objectives and outcomes; from State intervention to a development-enabling State; and from rigid administration to flexible and adaptive governance. Mechanisms are also needed to encourage officials to adapt to change and foster innovation, while building governance systems grounded in data, digital technologies, and integrated digital ecosystems.

Second, reforming the economic development model. This requires modernizing the socialist-oriented market economy framework, including the roles of economic actors, market-based operating mechanisms, and institutional frameworks for the digital, green, and circular economies. Only through reforming this framework can Vietnam establish an appropriate foundation for a new national growth model.

Third, reforming the socio-cultural development model. This includes transforming education, training, and human resources development, shifting the focus from knowledge acquisition to capability building and creativity. In healthcare, the emphasis should move from treatment-centered systems toward preventive care, alongside stronger coordination between public and private healthcare and accelerated digital transformation.

Fourth, reforming the environmental governance model. Environmental, social, and governance (ESG) standards may present challenges, but if implemented effectively, they can become powerful tools to enhance competitiveness, deepen integration, attract investment, and transform sustainability criteria into development resources. At the same time, Vietnam should shift from resource extraction toward green resource governance focused on carbon reduction and the circular economy, while increasing technology adoption and climate resilience.

Fifth, reforming foreign affairs and national defense. In foreign policy, Vietnam needs to move beyond a narrow focus on economic gains and investment attraction toward enhancing national standing, strategic capacity, and self-reliance. Investment attraction, international cooperation, and connectivity should always strengthen domestic capabilities and reinforce strategic autonomy. Meanwhile, national defense must also adapt to the realities of deeper international integration and be closely linked with advances in modern science and technology.

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