Economy

A national steering committee for building a private economic development project will be established with Prime Minister Pham Minh Chinh as its head.

According to the Vietnam Pepper and Spice Association, the country exported 28,000 tonnes of pepper during this period, generating an impressive revenue of 188.7 million USD.

Developing a circular economy is considered a way to harmonize the relationship between economic growth and development and environmental protection, and is the path towards a green economy and sustainable development.

Therefore, the ministry will focus on implementing effective solutions to bring into full play competitive advantages and seize opportunities by promoting and supporting businesses and industry associations.

The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyen Duc Chi announced at the government’s regular press conference on March 5.

Due to the effects of global supply and demand developments, Vietnam's rice exports in the first two months showed a declining trend as export prices continuously fell.

From January to February, 516 new investment projects were registered, totaling more than 2.19 billion USD. This represented a 10% increase in the number of projects, but a 48.4% decrease in registered capital.

Australia’s East Asia Forum commended Vietnam as an economic development model, crediting the new leadership for pushing hi-tech innovation, mega infrastructure and institutional reforms.

Asia remained the dominant market for Vietnam’s agro-forestry-fisheries products in the first two months of 2025, accounting for 42.2% of the total export value.

The Ministry of Industry and Trade forecasts that in 2025, the retail market is projected to reach 350 billion USD, contributing 59% of the total state budget.

In recent times, the program "Accompanying young people to start a business and establish a career" with the highlight being the Innovative and creative startup competition has achieved many positive results.

Vietnam's retail market with positive growth prospects will support the development of the commercial real estate market this year.