From one of the world’s poorest countries, Vietnam has transformed into a rising economy with GDP up 246 times and income up 17 times in three decades.

A new province, created from the merger of Khanh Hoa and Ninh Thuan provinces, is expected to focus on high-tech industries and premium coastal tourism, and become a hub for national renewable energy.

The United States’ decision to impose a 46% import tariff on Vietnamese goods has sent shockwaves through Vietnam’s export-driven economy. To remain globally competitive, Vietnam must restructure its economic model.

Over nearly four decades of Doi moi, Vietnam remains consistent in encouraging foreign investment.

Following the restructuring of provincial administrations, HCM City remains the nation's top exporter with nearly $99 billion in goods exports, while northern industrial hubs Bac Ninh and Hai Phong have risen to claim the second and third spots.

Contributing 30% of GDP, household businesses are vital - yet legal burdens deter them from transitioning into enterprises.

To achieve the ambitious targets for this year and beyond, the PM has highlighted the priorities of boosting economic growth, maintaining macroeconomic stability, controlling inflation, and guaranteeing major economic balances.

In the first quarter of 2025, Vietnam faced three anti-tax evasion investigations initiated by the US and the European Union (EU), specifically concerning wood, steel, and footwear products.

VietNamNet proudly presents the full text of “Rising through global integration,” a strategic essay by General Secretary To Lam.

Excessive business regulations are stifling innovation and development. General Secretary To Lam’s vision calls for a legal framework that empowers, not controls.

No later than August 15, when the new commune-level administrative units officially go into operation, Vietnam will have 13 designated "special districts" replacing former island districts and island cities.

Pham Minh Chinh warns against the middle-income trap and pushes for high, sustainable growth.

When the number of required business conditions is far too high and the quality is low, it is a clear manifestation of the “if it can’t be managed, ban it” mindset, which creates a legal system that leans toward control rather than development.

Experts call for deep institutional change and macroeconomic stability to achieve the ambitious target.

With 46% tariffs hitting exports, Vietnam faces hard truths - and a chance to redefine its future competitiveness.

With new U.S. tariffs on the horizon, Vietnam will need to grow 8.3% in the next nine months. The government has proposed an urgent action plan to meet this target.

Driven by strong performance in services and manufacturing, Vietnam’s economy posted its best Q1 growth in six years despite global uncertainties.

With a GRDP of over USD 70 billion and top exports, Ho Chi Minh City cements its status as Vietnam’s economic powerhouse before restructuring.

Despite playing a vital role in GDP growth, private enterprises face persistent challenges, especially in institutional reform and access to resources.

Legal experts and lawmakers are calling for the removal of unnecessary business regulations that contradict the spirit of free enterprise as guaranteed by the 2013 Constitution.