As Vietnam enters a new phase of development driven by ambitions for fast and sustainable growth, the question of attracting foreign direct investment (FDI) is no longer simply about the scale of capital inflows. Increasingly, the focus is turning to the quality of investment, its spillover effects and its ability to strengthen the economy’s intrinsic capabilities.

Ambassador Mai Phan Dung, head of Vietnam’s Permanent Mission in Geneva, delivered remarks on May 27 in his capacity as discussant at Japan’s 16th Trade Policy Review (TPR) session held at the headquarters of the World Trade Organisation (WTO).

Vietnam has, for the first time, broken into the world’s top 10 crude steel producers, marking a major milestone for its fast-growing steel industry, according to the World Steel Association (Worldsteel).

The Vietnam Textile and Apparel Association (VITAS) has announced that its member enterprises are invited to attend a seminar on digitalisation, automation solutions, Fourth Industrial Revolution transformation in the garment sector, scheduled to take place in Hanoi on May 28.

Vietnam and the European Union (EU) should further deepen their economic and trade ties in a substantive and effective manner, Vice Chairman of the National Assembly (NA) Nguyen Hong Dien said while receiving a delegation from the European Chamber of Commerce in Vietnam (EuroCham) led by its Chairman Bruno Jaspaert in Hanoi on May 22.

Vietnam is accelerating the shift toward green and eco-industrial parks as part of efforts to improve the quality of foreign direct investment (FDI), enhance competitiveness and strengthen its position in global supply chains.

The Ministry of Finance is seeking public feedback on a proposal to abolish 23 circulars and three decisions in the tax sector as part of efforts to align and harmonise regulations with the current legal framework.

The Petrovietnam Refining and Petrochemical Corporation (BSR), a member of the Vietnam National Industry – Energy Group (Petrovietnam), will produce and distribute between 80,000 and 100,000 cubic metres of E10RON95 biofuel petrol per month to meet growing market demand for E10 fuel during May 2026 and months to come.

Deputy Prime Minister Ho Quoc Dung has signed Decision No. 893/QD-TTg approving a national scheme on training, capacity building and development of human resources for state management, research and development, technical support and applications in the field of atomic energy.

Vietnam attaches importance to and wants to further strengthen the Comprehensive Strategic Partnership with the US, with economic, trade and investment cooperation continuing to serve as a major pillar of the bilateral ties, Minister of Public Security General Luong Tam Quang said on May 19.

Prime Minister Le Minh Hung has signed off on Vietnam’s national standards strategy for the 2026–2035 period, laying down a decade-long blueprint to tether domestic rules to global benchmarks.

Vietnam’s textile and garment industry is increasingly drawing hi-tech foreign direct investment (FDI), as global producers shift toward greener and smarter production to capitalise on the country’s extensive network of new-generation free trade agreements (FTAs).

One year after the Politburo's Resolution No. 68-NQ/TW on the private sector's development was deployed, Vietnamese businesses held that clearer institutional guidance, easier access to credit and more transparent governance mechanisms are crucial to helping private enterprises break through and contribute to national growth.

A large-scale cultural and culinary promotion campaign is set to simmer across multiple European countries this July with the aim of positioning ’pho’ as a cultural symbol of Vietnam on the global stage, turning a national favourite into a travelling taste of identity.

“Meet Australia 2026”, a high-level trade and investment promotion event aimed at strengthening economic ties between Vietnam and Australia, will take place in Ho Chi Minh City from May 18-20.

Politburo member, Secretary of the Party Central Committee and Chairman of its Commission for Policies and Strategies Nguyen Thanh Nghi led a delegation to survey the Samsung Vietnam Research and Development (R&D) Centre in Hanoi on May 14.

Ensuring stable domestic demand for farm produce requires not only quality products and attractive packaging, but also strong retail distribution networks. Through modern retail channels, businesses are bringing products closer to consumers while gradually building brands and expanding markets sustainably.

In the new development phase, Vietnam is shifting from mass attraction of foreign direct investment (FDI) to a more selective, quality-, efficiency- and sustainability-driven investment cooperation approach, Deputy Prime Minister Nguyen Van Thang stated at a forum in Hanoi on May 13.

Counterfeit, substandard and intellectual property-infringing goods continue to pose growing challenges to Vietnam’s business environment and consumer protection, as smuggling networks expand operations through e-commerce platforms, social media and express delivery services with increasingly sophisticated tactics.