State President Luong Cuong, Chairman of the Council of National Defence and Security, chaired the council’s 6th meeting for the 2021–2026 term in Hanoi on June 2.

The post State President chairs National Defence and Security Council’s 6th meeting appeared first on Vietnam Fact.

Vietnam’s strategic shift toward high-value and high-tech industries is not only enhancing its industrial capabilities, but also accelerating knowledge and technology transfer.

The post Production restructuring drives demand in Vietnam’s industrial real estate appeared first on Vietnam Fact.

Vietnam always strongly and fully supports Laos’s national construction and development, General Secretary of the Communist Party of Vietnam Central Committee To Lam told Thongsalith Mangnomek, Secretary of the Lao People’s Revolutionary Party Central Committee and Chairman of the Lao Party Central Committee’s Office at a reception for the latter in Hanoi on May 30.

The post Vietnam strongly supports Laos’s national development: Party chief appeared first on Vietnam Fact.

Receiving Excelerate Energy President and CEO Steven Kobos in Hanoi on May 26, Prime Minister Pham Minh Chinh lauded the signing of a memorandum of understanding (MoU) between the US firm and PV Gas, a unit of state-run Petrovietnam, urging the two sides to work closely together to ensure practical and effective cooperation.

The post PM calls for US firm’s cooperation in developing LNG hub in Vietnam appeared first on Vietnam Fact.

Vietnam’s gross domestic product grew 6.93% in the first quarter of 2025, compared to the same period last year, the highest Quarter-1 rate since 2020.

The post Vietnam’s GDP expands by 6.93% in Q1 appeared first on Vietnam Fact.

Total registered foreign direct investment (FDI) into Vietnam hit nearly 10.98 billion USD in the first quarter of 2025, up 34.7% compared to the same period last year.

The post FDI inflow into Vietnam rises 34.7% in Q1 appeared first on Vietnam Fact.

Vietnam has made remarkable strides in the World Happiness Report, climbing to 46th place in the 2025 rankings—an eight-spot improvement from 2023. This steady progress has significantly boosted Vietnam’s global standing, advancing from 77th in 2021 to 65th in 2022 and 54th last year. The country now holds the second position in Southeast Asia, trailing only Singapore.

The latest report, published on March 20 by the Wellbeing Research Centre at Oxford University, assesses the well-being of citizens across 143 countries and territories. The rankings are determined by various factors, including social support, life expectancy, economic stability, and kindness within communities.

For the eighth consecutive year, Finland has maintained its position as the world’s happiest country, followed by Denmark, Iceland, and Sweden. Notably, Costa Rica and Mexico have entered the top 10 for the first time, securing the 6th and 10th spots, respectively. Meanwhile, the United States has dropped to 24th place—its lowest ranking on record. At the bottom of the list, Afghanistan remains in last place, followed by Sierra Leone and Lebanon. The World Happiness Report is produced in collaboration with the analytics firm Gallup and the United Nations Sustainable Development Solutions Network, providing insights into global well-being and societal progress.

The post Vietnam Ranks Second in Southeast Asia in Happiness Index appeared first on Vietnam Fact.

Vietnam has set an ambitious export target of 454 billion USD for 2025, a 12% year-on-year increase, despite recent signs of deceleration in exports due to global economic pressures.

Many experts believe that achieving this goal will require decisive actions from regulatory bodies and extraordinary efforts from businesses to overcome obstacles.

According to data from the Ministries of Finance and Industry and Trade, Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%, resulting in a trade surplus of 235 million USD.

The MoIT has issued a directive outlining several solutions to develop markets, promote exports, and manage imports this year. The ministry advised businesses to closely track market developments, while Vietnamese trade offices abroad will continue updating industry associations on policy changes so businesses can adjust production plans and seek new orders accordingly. Efforts will also focus on exploring new markets, such as the Middle East and Halal markets.

Experts emphasised the importance of capitalising on free trade agreements, accelerating negotiations for new and upgraded pacts, and ensuring the domestic implementation of international commitments. Additionally, training on rules of origin for enterprises, along with efforts to combat origin fraud, improve logistics services, and promote digitalisation to streamline business operations, should be prioritised.

The post Vietnam aims for 454 bln USD export revenue amid global headwinds appeared first on Vietnam Fact.

Australia’s East Asia Forum has praised Vietnam as a model for economic development, attributing its success to the new leadership’s emphasis on high-tech innovation, large-scale infrastructure projects, and institutional reforms.

Foreign media outlets have highlighted Vietnam’s economic resilience amid global challenges and its strategic vision for future growth. The East Asia Forum specifically commended the country for attracting global tech giants, tackling corruption, and employing effective diplomatic strategies. These efforts position Vietnam well on its path to becoming a developed, high-income nation by 2045.

The UK’s Financial Times has emphasized Vietnam’s expanding global trade networks, which now include China, the US, North Asia, the European Union, and ASEAN. Vietnam has outpaced its regional peers in attracting foreign direct investment (FDI), drawing capital from South Korea, Singapore, Japan, Taiwan (China), China, and the US.

Meanwhile, France’s economic-research.bnpparibas.com has identified key drivers of Vietnam’s economic growth. These include surging global demand for electronics, a manufacturing boom fueled by FDI, a recovering real estate market after the 2022-2023 crisis, and potential increases in both private consumption and government spending.

According to the UK’s The Globalist, Vietnam’s per capita GDP surpassed that of the Philippines last year and is closing in on Indonesia’s. Over the past two decades, the country has maintained an impressive annual compound growth rate of 5% in real terms, exceeding the global average by 1.7 times.

By 2035, an estimated 36 million more Vietnamese are expected to enter the consumer class, with urban areas driving 90% of spending growth. Vietnam’s deep-water ports and regional road links further enhance its economic appeal, while its ultra-high-net-worth population is projected to grow by 30% by 2028, ranking just behind Malaysia and Indonesia.

The US-based Investing.com, citing a report by the Vietnam Holding investment fund, noted that despite market volatility in January, Vietnam’s banking and retail sectors remained stable thanks to government stimulus packages. It also highlighted a strong foundation for economic growth, with the tourism sector off to a strong start in early 2025. Foreign tourist arrivals reached a record 2.5 million in January, surpassing pre-COVID-19 levels and marking a 36.9% year-on-year increase. This tourism boom, coupled with rising domestic consumption and an expanding middle class, is expected to help offset fluctuations in global trade.

The post Vietnam hailed as economic development model amid global uncertainties appeared first on Vietnam Fact.

Experts said FDI was an important factor pushing Vietnam’s GDP growth rate in the first half of 2024 to 6.2%, laying the foundation for the Ministry of Planning and Investment to adjust the country’s growth target for this year to 7%.

According to the General Statistics Office, as of June 20, Vietnam had drawn nearly 15.19 billion USD in FDI, up 13.1% over the same period last year.

Foreign investors are still confident in the Vietnamese market and interested in continuing to invest in Vietnam. The FDI can reach 39-40 billion USD this year, higher than the 2023 figure.

Experts attributed the good FDI attraction results so far this year to the country’s stable macro-economic situation and good conditions in infrastructure system, human resources, tax, fee and land reserve access.

The post FDI inflow expected to hit 40 billion USD appeared first on Vietnam Fact.