On March 5, Prime Minister Pham Minh Chinh urged for organizational efficiency and macroeconomic stability to meet growth targets. Vietnam pledged support to Laos for establishing a UN peacekeeping force, and the UN commemorated WWII’s end. Significant agreements are anticipated at Vietship 2025, while FDI rises sharply. A tourism program was introduced in Da Nang to attract visitors.
On March 5, Prime Minister Pham Minh Chinh called upon ministries, sectors, and localities to enhance organizational efficiency and prepare for the restructuring of administrative units. He emphasized the need to maintain macroeconomic stability, stimulate growth, and adapt to trade competition, stating that achieving an 8% GDP growth rate by 2025 presents a considerable challenge requiring significant dedication.
Vietnam has committed to assist Laos in the establishment of its UN peacekeeping force, as discussed during talks in Hanoi on March 5 between General Nguyen Tan Cuong and Lieut. Gen. Saichay Kommasith. Both sides identified priority areas for future military collaboration, reinforcing their defense partnership.
The UN General Assembly adopted a resolution on March 4 commemorating the 80th anniversary of the conclusion of World War II, co-authored by Vietnam. This resolution not only commemorates this historical milestone but also calls for nations to promote peace, respect sovereignty, and resolve disputes amicably as outlined in the UN Charter.
The 10th International Exhibition on Shipbuilding and Offshore Technology (Vietship 2025) commenced in Hanoi on March 5, with expectations of signing agreements worth up to $60 million. The event, organized by the Vietnam Shipbuilding Industry Corporation and Vietnam Shipbuilding Engineering Company, features over 200 booths and numerous exhibitors from notable maritime countries.
Foreign direct investment (FDI) in Vietnam surged to $6.9 billion during the first two months of 2025, reflecting a 35.5% year-on-year increase. The Foreign Investment Agency reported an estimated disbursement of approximately $2.95 billion, marking a 5.4% rise compared to the same period in the previous year.
Party General Secretary To Lam directed efforts to reduce at least 30% of the time and costs associated with administrative procedures to create an appealing business environment. He urged for ambitious steps to position Vietnam among the top three investment environments in ASEAN within the next few years during a meeting with the Central Committee’s Commission for Policies and Strategies.
HawaExpo 2025 officially opened in Thu Duc, Ho Chi Minh City, showcasing Vietnamese-made furniture and wooden export products. The exhibition highlights Vietnam’s cultural heritage by integrating traditional values while featuring leading domestic brands in furniture and décor.
Cuban Minister Betsy Diaz Velazquez expressed a strong desire to foster partnerships with Vietnamese firms in manufacturing and trade during a meeting with Ambassador Le Quang Long on March 4. She assured a conducive environment for Vietnamese investors seeking joint ventures to meet local demand for essential goods.
Da Nang City’s Department of Tourism introduced a 2025 tourism stimulus program named “Enjoy Da Nang 2025 – Diverse Experience,” aimed at attracting visitors through various events and incentives. This initiative includes service discounts and efforts to encourage international tourism back to the city.
Prime Minister Adylbek Kasimalyev of Kyrgyzstan is set to visit Vietnam on March 6-7, representing a potential enhancement of bilateral relations in key sectors. This visit marks a significant opportunity to deepen the traditional friendship between the two nations.
The March 5 briefing covered various significant developments in Vietnam, including government initiatives for economic growth, international collaborations, and upcoming events aimed at bolstering trade relationships and tourism. Noteworthy commitments were made in defense and joint ventures with foreign partners, signaling Vietnam’s proactive role in enhancing its international presence and fostering economic development.
Original Source: en.vietnamplus.vn
