Investments

To fast-track the progress of the three bridge construction projects across the Red River, the Hanoi People's Committee has proposed to the Prime Minister for approval to select contractors through an exceptional process.

In the pursuit of a leaner and more efficient organizational structure, newly established entities inherit assets and are tasked with their prudent allocation and utilization.

Dr. Ha Ton Vinh, a Senior Advisor to the World Bank, asserts that Vietnam holds a strategic advantage in rare earth resources, which could serve as a bargaining chip in negotiations pertaining to tariff and trade disputes.

In a notable shift, Vietnamese rebar is crossing oceans to reach the promising American market, as noted by Kallanish. Amid a subdued ASEAN market, this development underscores a strategic pivot by Vietnamese producers, daring to venture beyond familiar territories.

The pro-Trump elite prioritizes their vested interests over democratic principles. However, internal conflicts are likely to emerge and cause the Trump coalition to crumble from within.

In the context of Vietnam's intensified reform and international integration, the private sector is increasingly asserting its pivotal role in the economy. However, to truly unleash its potential, a comprehensive strategy is needed to address the existing constraints. In an interview with the Government Online Newspaper, Professor Vu Minh Khuong, a lecturer at the Lee Kuan Yew School of Public Policy (National University of Singapore), shared his insights on the obstacles, opportunities, and directions to enable the private sector to become a driving force for the country's development.

The domestic steel industry is facing a challenging period with a surplus of supply for many locally produced steel products, coupled with a significant increase in steel imports. This will inevitably lead to intensified price competition for finished steel products, and a fiercer battle for market share in the domestic arena.

The city of Ho Chi Minh has set a target for effective fund utilization, with a benchmark of 95% for the year 2024. However, 7 managers and 11 districts have failed to achieve this target, prompting the Chairman of the Ho Chi Minh City People's Committee, Mr. Nguyen Van Duoc, to call for an accountability review.

Prime Minister Pham Minh Chinh has instructed units to complete the 500 kV Lao Cai - Vinh Yen project within six months, setting a firm deadline of August 31, 2025. This directive was issued at the project's commencement ceremony on March 16 in Vinh Phuc Province.

Vietnam is projected to have a compound annual growth rate (CAGR) of 6.5% in the period 2024-2029, outpacing the 6.2% growth rate recorded in the previous period of 2019-2024.