Prime Minister Pham Minh Chinh emphasizes the need for administrative reforms and aiming for an 8% GDP growth by 2025. Vietnam supports Laos in establishing a UN peacekeeping force and joined in co-authoring a UN resolution on WWII. The nation anticipates significant agreements at the Vietship 2025 event and recorded substantial FDI growth. Additionally, tourism initiatives and joint ventures with Cuba are underway to boost economic growth and cultural exchange.
Prime Minister Pham Minh Chinh has called for ongoing reforms in the organizational structure of ministries and localities, emphasizing the importance of macroeconomic stability, growth promotion, and enhancing responses to international trade competition. Leading a Government meeting, he identified achieving a GDP growth target of at least 8% by 2025 as a considerable challenge, necessitating persistent efforts from various sectors.
Vietnam has pledged to assist Laos in forming its UN peacekeeping force, as concluded by defense officials from both nations during a meeting in Hanoi. General Nguyen Tan Cuong of the Vietnam People’s Army and Lieutenant General Saichay Kommasith of the Lao People’s Army discussed future collaborations and mutual defense interests.
The UN General Assembly has adopted a resolution acknowledging the 80th anniversary of the end of World War II, with Vietnam serving as a co-author. The resolution emphasizes the significance of this anniversary in promoting international peace and security while urging countries to resolve disputes through peaceful means.
At the 10th International Exhibition on Shipbuilding and Offshore Technology (Vietship 2025) commencing in Hanoi, numerous cooperation agreements valued at up to 60 million USD are anticipated. This event, organized by the Vietnam Shipbuilding Industry Corporation and the Vietnam Shipbuilding Engineering Company, hosts over 200 booths run by both local and international exhibitors.
Vietnam recorded foreign direct investment (FDI) exceeding 6.9 billion USD in the first two months of 2025, reflecting a 35.5% increase compared to the previous year, according to the Ministry of Finance’s Foreign Investment Agency. FDI disbursements also saw a rise, reaching approximately 2.95 billion USD during the same period.
To enhance the business environment, Party General Secretary To Lam has directed that at least a 30% reduction in time and costs for administrative procedures be achieved. This initiative aims to position Vietnam among the top three investment environments in ASEAN within the upcoming years.
The HawaExpo 2025, showcasing domestic furniture and wooden exports, has commenced in Thu Duc City, Ho Chi Minh City. This pioneering trade fair integrates Vietnam’s cultural heritage into its exhibits, featuring leading brands in various aspects of furniture and décor.
Cuban Minister of Domestic Trade Betsy Diaz Velazquez has expressed interest in establishing joint ventures with Vietnamese enterprises to boost manufacturing and trade. She emphasized Cuba’s commitment to providing favorable conditions for Vietnamese investments to meet essential goods needs.
The Da Nang Department of Tourism has introduced a tourism stimulus program for 2025, themed “Enjoy Da Nang 2025 – Diverse Experience.” This program features multiple events and incentives, designed to attract diverse tourist demographics and promote the city as a vibrant travel destination.
In summary, Vietnam is actively pursuing reforms in its governmental and economic structures while strengthening bilateral ties with Laos and securing its position in the global arena, particularly with the adoption of key UN resolutions. The country is also enhancing investment attractiveness, supporting local industries, and fostering international partnerships, as indicated by various ongoing initiatives and agreements.
Original Source: en.vietnamplus.vn
