<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/MediaUpload/Org/2026/05/22/05202622234855_duen.jpg" alt=""></figure></td></tr><tr><td>Vice Chairman of the National Assembly Nguyễn Hồng Diên and EuroCham President Bruno Jaspaert at their meeting in Hà Nội on May 22. — VNA/VNS Photo Tuấn Anh</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam 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) Nguyễn Hồng Diên said while receiving a delegation from the European Chamber of Commerce in Việt Nam (EuroCham) led by its Chairman Bruno Jaspaert in Hà Nội on Friday.Diên noted that after more than 35 years of cooperation and partnership, Việt Nam–EU relations have continued to develop strongly and steadily. The implementation of the EU–Vietnam Free Trade Agreement (EVFTA) in recent years has significantly helped elevate bilateral trade ties to a new level.He highlighted that the two sides upgraded their ties to a Comprehensive Strategic Partnership in January 2026, making Việt Nam the first ASEAN country to establish the highest-level relationship with the EU.The EU is currently Việt Nam's fourth-largest trading partner and fifth-biggest foreign investor globally, he said, stressing that Việt Nam particularly values the strategic role and position of the EU – the world's third-largest economy and a pioneer in promoting sustainable development, green transition, the circular economy, digital transformation, just energy transition and free trade.According to the NA Vice Chairman, Việt Nam is entering a new development phase with a strong determination to pursue institutional reforms, accelerate digital transformation and green transition, and promote science, technology and innovation-driven growth to achieve its long-term national development goals for 2030 and 2045, including double-digit growth in the near future.The NA always attaches importance to improving institutional frameworks and building a comprehensive, transparent and development-enabling legal environment to support both domestic and foreign businesses, including European enterprises operating in Việt Nam, he affirmed.To effectively implement the Việt Nam–EU Comprehensive Strategic Partnership, Diên called on the EU Ambassador to Việt Nam and the EuroCham Chairman to promote exchanges and visits by business delegations from both sides to explore investment and business opportunities, helping bring bilateral economic and trade relations into greater depth and effectively implement the EVFTA.Việt Nam welcomes European enterprises investing in hi-tech industries, green growth, renewable energy, transport and environmental infrastructure, smart cities and the maritime economy, he stated.The official also called for support to promote the remaining six EU member states' early ratification of the EU–Vietnam Investment Protection Agreement (EVIPA), saying the deal will help create a comprehensive breakthrough in bilateral investment cooperation, similar to the impressive outcomes achieved under the EVFTA.He proposed the European Commission (EC) soon remove its "yellow card" warning against Vietnamese seafood exports after recognising Việt Nam's efforts in combating illegal, unreported and unregulated (IUU) fishing.EuroCham should also step up activities to support Vietnamese businesses in complying with new EU regulations such as the Carbon Border Adjustment Mechanism and the Deforestation Regulation while providing maximum assistance for Việt Nam in terms of capital, technology, and human resources training to jointly protect the environment and climate, and promote green and sustainable development, the host went on.Diên asked both sides to strengthen cooperation in responding to global challenges, with priority given to the effective implementation of the Just Energy Transition Partnership (JETP) between Việt Nam and the International Partners Group, including the EU.For his part, EuroCham Chairman Bruno Jaspaert praised Việt Nam's efforts and progress in institutional reforms and improving the legal environment for investors and businesses.He called for continued support from the Government, NA, and competent authorities in Việt Nam for European enterprises.EuroCham Vice Chairman Jean-Jacques Bouflet said the EU is ready to assist Việt Nam in finance and technology to help the country achieve fast and sustainable growth. In particular, with the EU's Global Gateway initiative, the bloc is ready to invest in infrastructure, smart connectivity, green transition and the circular economy.The EuroCham delegation emphasised that the increased sharing of experiences and best practices in lawmaking and enforcement between the two sides will benefit regulatory agencies, citizens and businesses. — VNA/VNS

Việt Nam 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) Nguyễn Hồng Diên said while receiving a delegation from the European Chamber of Commerce in Việt Nam (EuroCham) led by its Chairman Bruno Jaspaert in Hà Nội on May 22.

Việt Nam, EU promote substantive, effective economic cooperation

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/21/502741_CH1.jpeg" alt=""></figure></td></tr><tr><td>The Cà Mau-Đất Mũi Expressway, expected to be completed in 2028, is set to strengthen regional connectivity and create new momentum for socio-economic development in Cà Mau. — VNA/VNS Photo</td></tr></tbody></table></figure>CÀ MAU —From major transport projects to sweeping investment reforms, Cà Mau is accelerating efforts to reshape itself into a key economic and logistics hub in Việt Nam’s southern coastal region, targeting double-digit growth in the years ahead.Following the administrative merger with Bạc Liêu&nbsp;Province, the enlarged&nbsp;Cà Mau now covers nearly 8,000sq.km and holds a strategic geographical position with three sides facing the sea and several island clusters serving as important maritime gateways.Provincial authorities say the locality is receiving increasing support from the Government and central ministries through a series of large scale transport and logistics projects designed to strengthen regional connectivity and reinforce national defence and security.Transport pushRecognising transport infrastructure as a key driver of growth, Cà Mau has prioritised investment in socio-economic infrastructure, particularly transport networks, to ensure better integration among road, sea and air transport systems.Several regional and national level projects are currently under development, including the Cần Thơ-Cà Mau-Đất Mũi Expressway.The section running through Cà Mau stretches nearly 103km, featuring four lanes and a designed speed of 100kph.The province is also speeding up work on the Hòn Khoai General Port project, which is expected to handle up to 20 million tonnes of cargo annually and accommodate vessels of up to 250,000DWT.Road infrastructure has expanded significantly in both scale and quality.The province currently has seven national highways with a combined length of 353km and 28 provincial roads stretching nearly 713km.In addition, the province has almost 1,825km of communal roads and more than 16,333km of rural transport routes.Authorities have completed site clearance and handed over all land needed for the dual use Hòn Khoai Port project and the more than 17km road connecting the mainland to Hòn Khoai Island.Other key transport routes include National Highway 1, National Highway 63,&nbsp;Quản Lộ-Phụng Hiệp Route, the Nam Sông Hậu Route, the Southern Coastal Corridor, the Hồ Chí Minh Road section through the province and the bypass route around Cà Mau City.In the aviation sector, Cà Mau Airport is currently classified as a level 3C civil airport combined with military operations and can accommodate ATR 72 aircraft.The province is coordinating with Airports Corporation of Vietnam to accelerate an upgrade project that will expand the airport to level 4C standards with a 2,400m runway and annual capacity of one million passengers.Once completed, the airport will be able to receive Code C aircraft such as the A320 and A321.Authorities expect the upgraded airport to resume operations by the end of this year.Dư Minh Hùng, director of the province Department of Construction, said public investment disbursement in the first four months of the year exceeded 20 per cent of the assigned plan, although progress remained below expectations.The province is targeting completion of several major projects in 2026, including the airport expansion, ring roads connecting expressways and coastal economic centres, the Hòa Bình 2 Bridge, Vàm Xáng Bridge, coastal roads and upgrades to eastern and western sea dykes.At the same time, Cà Mau is working with central ministries to accelerate implementation of the Cà Mau-Đất Mũi Expressway, transport links connecting Đất Mũi to Hòn Khoai Port, upgrades to National Highway 1 and National Highway 63, the Hồ Chí Minh Road and the Hà Tiên-Rạch Giá-Bạc Liêu Expressway.The province is also implementing a development scheme for the Hòn Khoai island cluster aimed at strengthening both economic growth and national defence.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/21/502742_CH2.jpg" alt=""></figure></td></tr><tr><td>The access road to the Cần Thơ-Cà Mau Expressway at its intersection with the Nam Sông Hậu National Highway in Cà Mau Province. — VNA/VNS Photo</td></tr></tbody></table></figure>Business climateAlongside infrastructure development, Cà Mau is intensifying efforts to improve the business environment and attract more domestic and foreign investors.Huỳnh Công Quân, director of the Cà Mau Department of Finance, said the province had granted 728 new business registration certificates in the first months of this year, up 85.2 per cent year on year, with total registered capital reaching VNĐ3.64 trillion (US$140 million).The province currently has 10,084 active enterprises with combined registered capital of VNĐ126.4&nbsp;trillion.Administrative reform and digital transformation efforts have also improved investment procedures, with 100 per cent of enterprise registration applications now submitted online.In April alone, Cà Mau attracted three new investment projects worth nearly VNĐ1.85 trillion ($71.3 million).In the first four months of 2026, the province licensed 16 new projects with total registered capital of VNĐ13.2&nbsp;trillion ($509 million), four more projects than in the same period last year.The province currently hosts 709 active investment projects with total registered capital of VNĐ341.8 trillion ($13.2&nbsp;billion), including 30 foreign direct investment projects worth a combined US$4.85 billion.Provincial leaders expect improved regional connectivity through road, sea and air transport infrastructure to create stronger momentum for investment attraction in the coming years.Growth targetAt a recent meeting on economic growth targets, Chairman of the provincial People’s Committee Lữ Quang Ngời urged departments and local authorities to focus on achieving double digit growth while continuing to remove obstacles facing businesses and production activities.To achieve the province’s 10 per cent growth target for 2026, Cà Mau is also proposing special mechanisms and policy support from the central Government to unlock additional development resources. — VNS

Cà Mau Province is accelerating major infrastructure projects and improving its investment climate as the southernmost province aims to achieve double-digit economic growth in 2026 and beyond.

Cà Mau prioritises infrastructure investment to achieve strong growth

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/21/502635_p%E1%BB%8Ft.jpg" alt=""></figure></td></tr><tr><td>Cái Mép Terminal in HCM City. Việt Nam’s logistics sector is undergoing a major transformation as companies respond to growing international demands for greener and more sustainable supply chains. — VNA/VNS Photo Hồng Đạt</td></tr></tbody></table></figure>HÀ NỘI —As global supply chains race towards greener and smarter operations, Việt Nam’s logistics sector is being pushed into one of the most significant transformations in its history, driven by mounting pressure for lower emissions, carbon transparency and sustainable trade.From replacing diesel fleets with LNG and electric vehicles to investing in energy-efficient warehouses and artificial intelligence (AI)-powered supply chain systems, companies are finding that green logistics is no longer a corporate slogan but a requirement for staying competitive in global trade networks.Industry experts said that the shift was increasingly tied to survival.“Green transition is now a mandatory requirement rather than a recommendation,” said Trần Ngọc Khánh, general director of OPL Logistics.However, progress remains constrained by infrastructure gaps and unclear planning, according to Khánh.Although Việt Nam has announced plans for logistics centres linked to seaports, inland container depots and international rail corridors, businesses still lack detailed frameworks identifying how companies can qualify to participate as pioneer investors.It is necessary to develop a complete planning mechanism with transparent information and clear priority criteria for Vietnamese firms.“That is an important factor that enables domestic enterprises to compete with foreign companies that are investing aggressively in logistics infrastructure in Việt Nam," Khánh said."Financing is another major obstacle as companies still face difficulties in accessing green finance. A clearer set of standards and eligibility criteria is needed to accelerate lending and investment."Meanwhile, digitalisation demands are escalating rapidly.Logistics management is evolving beyond basic information exchange toward AI-enabled real-time supply chain coordination, which will require shared data platforms and standardised digital systems capable of linking businesses, ports and customs authorities more efficiently.According to Nguyễn Lê Hằng, external affairs director at SLP Vietnam, modern green logistics can strengthen competitiveness through cost savings, speed and adaptability.The Government has identified reducing logistics costs as a pressing issue to enhance national competitiveness. Logistics costs in Việt Nam remained relatively high, estimated at roughly 13-15 per cent of GDP, significantly above those of developed economies.Investment in green logistics infrastructure combined with technology can optimise transportation, improve data use and streamline labour management to help businesses cut operational expenses while boosting productivity.Speed has also become equally critical.Global disruptions, from energy crises to shifting trade barriers, are rewarding companies capable of responding rapidly to changing conditions. Businesses adopting advanced logistics technologies are better positioned to forecast market volatility and maintain supply chain continuity.Adaptability, meanwhile, has become essential as multinational investors increasingly scrutinise environmental compliance across their supplier ecosystems.Hằng pointed out that international partners were now asking detailed questions about green certifications, renewable energy use, rooftop solar systems, waste management transparency and emissions reporting."Companies capable of meeting those standards are likely to gain easier access to major customers and attract investment," she said.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/21/502629_warehouse.jpg" alt=""></figure></td></tr><tr><td>A cold-storage warehouse in Tây Ninh Province. Logistics is increasingly being viewed as a strategic pillar of economic competitiveness rather than merely a support service. — VNA/VNS Photo Minh Phú</td></tr></tbody></table></figure>Strategic shiftShifts in global trade and supply chains are also forcing Việt Nam to rethink its logistics development policies.Logistics is being reframed as a strategic pillar of economic competitiveness rather than merely a support service, according to Bùi Bá Nghiêm from the Ministry of Industry and Trade’s Agency of Foreign Trade.The logistics development strategy for 2025-35 envisions annual sector growth of 12-15 per cent while reducing logistics costs to around 12-15 per cent of GDP.The strategy also targets outsourcing rates of 70-80 per cent for logistics services, digital adoption among at least 80 per cent of logistics firms and the development of five internationally competitive logistics centres.With its geographic position along major maritime and aviation routes, combined with one of the world’s broadest networks of free trade agreements, Việt Nam has significant opportunities to evolve from a transit point into a regional supply chain coordination hub.But achieving that ambition will require simultaneous reforms in infrastructure, regulation and administrative procedures.Nghiêm said that policy support should focus on three priorities, including meaningful digital transformation, green transition and stronger international integration.That includes encouraging the adoption of AI, IoT, cloud computing, blockchain and digital transport management systems while also promoting low-emissions transport, multimodal logistics and emissions tracking systems aligned with global ESG and carbon border adjustment standards.“The message to businesses is clear,” Nghiêm said. “Digital and green transformation are not merely compliance costs. They are passports to participate in higher-value global supply chains.”Việt Nam also needs to strengthen the international connectivity of its logistics companies, including through service standardisation, workforce development and closer links with shipping lines, seaports, foreign-invested manufacturers, exporters, e-commerce platforms and regional logistics networks.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/21/502631_langson.jpg" alt=""></figure></td></tr><tr><td>Viettel Logistics Park in Lạng Sơn Province. Việt Nam must address bottlenecks in infrastructure, regulation and supply-chain connectivity to accelerate the development of green and smart logistics while strengthening regional integration. — VNA/VNS Photo Anh Tuấn</td></tr></tbody></table></figure>Integrated networkAccording to Bùi Nguyễn Anh Tuấn, deputy director of the Domestic Markets Department under the Ministry of Industry and Trade, Việt Nam must remove bottlenecks in infrastructure, regulation and supply chain connectivity to accelerate the development of green and smart logistics while strengthening regional integration.It is necessary to move beyond isolated logistics projects towards an integrated national logistics ecosystem in which logistics centres are planned alongside industrial zones, seaports, railways, expressways and urban development corridors.Equally important is the development of soft infrastructure, which includes digital standards, data-sharing systems, warehouse management platforms, electronic payments and customs connectivity.The ministry is currently reviewing the logistics regulatory framework, including possible amendments to Decree 163 issued by the Government in 2017 governing logistics services.A draft circular on criteria for classifying logistics centres is also being developed to provide businesses with clearer standards for investment decisions and to facilitate regional coordination.Tuấn added that stronger regional coordination would also be necessary to avoid wasteful duplication of large-scale logistics projects across provinces.“Not every province needs a large logistics centre,” he said. “What matters is that each region develops an efficient logistics network in which every locality plays a role suited to its strengths.”As global supply chains continue shifting towards greener, smarter and more resilient models, Việt Nam’s ability to modernise its logistics ecosystem may increasingly determine not only its trade competitiveness, but also its position within the next generation of regional and global supply chains.— VNS

From replacing diesel fleets with LNG and electric vehicles to investing in energy-efficient warehouses and AI-powered supply chain systems, companies are finding that green logistics is no longer a corporate slogan but a requirement for staying competitive in global trade networks.

Green transition redefines Việt Nam’s logistics industry

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/15/503226_biofuel.jpg" alt=""></figure></td></tr><tr><td>A customer purchase E10 biofuel petrol at a PVOIL filling station on Thai Thinh street in Hà Nội. — VNA/VNS Photo</td></tr></tbody></table></figure>&nbsp;HÀ NỘI&nbsp;— Ahead of schedule, several major fuel distributors have begun rolling out E10 biofuel across their retail networks and are preparing to supply the market beyond their own systems.From May 15, according to the Petrovietnam Oil Corporation (PVOIL), E10 biofuel will be sold across the company’s network of nearly 1,000 filling stations nationwide, around two weeks earlier than the national implementation schedule.Meanwhile, PVOIL Sai Gon said it will cease sales of mineral-based RON 95-III petrol from the date, with E10 RON 95-III set to fully replace conventional RON 95-III across its retail system.The move follows a pilot programme launched in Hà Nội&nbsp;and Hải Phòng in August 2025, which generated largely positive feedback from consumers while meeting technical standards and demonstrating stable performance across vehicle types.Recent market surveys also show that filling stations operated by the Vietnam National Petroleum Group (Petrolimex) in HCM City have simultaneously begun publicising E10 prices, indicating the product’s broader rollout throughout the system.Specifically, from midnight on May 13, Petrolimex officially introduced E10 RON 95-V biofuel across its nationwide network of filling stations, agents and franchised outlets at VNĐ24,630 (US$0.93) per litre in Region 1 and VNĐ25,120 per litre in Region 2.E10 RON 95-III is being sold at VNĐ23,730 per litre and VNĐ24,200 per litre, respectively.While Region 2 are identified as areas far from ports, main depots, and petroleum production facilities, Region 1 comprises the remaining areas.Compared with conventional mineral-based petrol of the same grade, E10 prices are currently around VNĐ620–630 per litre lower.A representative of Petrolimex Sai Gon said the firm has proactively prepared infrastructure and implementation plans in line with the Government’s transition roadmap for biofuel.It has completed upgrades to blending capacity at the Nhà&nbsp;Bè&nbsp;petroleum depot, ensuring sufficient supply for the entire southern region during the transition from mineral-based petrol to biofuel products. Detailed conversion plans have also been prepared for all 138 Petrolimex Sai Gon filling stations in HCM City to ensure implementation remains on schedule.Văn Tân Phụng, chairman of the Dong Nai Petroleum JSC, confirmed that the company’s network of 18 retail stations and more than 30 agents will also begin selling E10 from May 15.From May 15 to 30, the company will sell E10 alongside conventional petrol, he said.From June 1, mineral-based petrol will officially cease to be traded across the entire system in accordance with Government policy and the roadmap outlined in Circular No. 50 of the Ministry of Industry and Trade.A representative from PVOIL expressed confidence that the corporation’s E10 blending system is now largely complete, and projected total production capacity to reach four million cubic metres annually by the end of this year. Expanding production capacity and diversifying supply sources, the company said, will help stabilise the market and ensure national energy security.The Vietnam Automobile Manufacturers' Association (VAMA) stated that most vehicles in the market have already been designed to operate with E10 fuel. Similarly, the Vietnam Association of Motorcycle Manufacturers (VAMM) confirmed that motorcycles produced by member companies are compatible with E10.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/15/503267_5480780229410102_E10.jpg" alt=""></figure></td></tr><tr><td>Biofuel not only offers lower prices but also contributes to reducing pollution and emissions in major urban centres. — Photo thanhnien.vn</td></tr></tbody></table></figure>Trịnh Quang Khanh, general secretary of the Vietnam Petroleum Association, said member companies currently possess blending capacity of around 965,000 cubic metres per month, sufficient to meet nationwide demand for biofuel.However, he cautioned that biofuel petrol requires time for blending and cannot be supplied as immediately as conventional petrol. Without effective governance during the transition period, temporary supply bottlenecks could emerge despite the system’s adequate overall capacity.The association has therefore proposed raising the regulated business cost allowance for E10 petrol above that of mineral-based petrol to avoid undermining business efficiency for fuel distributors.While enterprises appear prepared for the transition, consumers are also showing growing interest in E10 ahead of its official nationwide implementation on June 1.Hoàng Hưng, a resident of Tăng Nhơn Phú ward in HCM City, said he had previously used E5 petrol and noticed little difference compared with conventional RON 95-III fuel.“If the station near my house sells E10 RON 95-III, I’ll use it immediately. I don’t really have any concerns. Convenience remains the most important factor when refuelling during daily travel,” he said.Ngọc An, a resident of Hòa Hưng ward, said her family will switch to biofuel once stations began selling it widely, though she believed lower prices will help consumers embrace environmentally friendly fuel more readily.Lê Trung Tình, chairman of the HCM City Passenger Automobile Transport Association, said biofuel not only offers lower prices but also contributes to reducing pollution and emissions in major urban centres.He noted that E10 has already been widely adopted in many countries, with some markets moving towards E15 or E20 blends to further improve environmental performance. However, he observed, public communication efforts remain insufficient, leaving many consumers, particularly owners of older vehicles, hesitant about the transition.Chairman of the Đồng Nai Petroleum Association Văn Tân Phụng described the Government’s shift from mineral-based petrol to biofuel as a major policy turning point tied both to the economy and Vietnam’s international commitments to green transition.Businesses and consumers naturally support this direction, he said, adding implementation should proceed alongside timely adjustments; if problems arise, they should be corrected within the first three months in order for this important policy to succeed.Associate Professor Dr Nguyễn Thường Lạng of the National Economics University stressed that E10 must maintain a meaningful price advantage over conventional petrol if it is to gain broad public acceptance, while businesses also need supportive policies to ensure rapid and effective implementation.He argued that Việt Nam is currently well positioned to accelerate the development of new energy sources such as wind power, solar energy, bioenergy, hydrogen and ammonia.However, for biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol.“When the price difference becomes compelling enough, consumers will actively choose biofuel themselves, forming a new consumption habit and accelerating the overall transition,” he said.&nbsp;— VNA/VNS

From May 15, E10 biofuel will be available at nearly 1,000 PVOIL filling stations nationwide, around two weeks ahead of the national rollout schedule.

Biofuel ready for nationwide rollout

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/15/503240_bdfe4bf1-bcb0-4af7-a938-3c94de4b8d8c.png.jpg" alt=""></figure></td></tr><tr><td>The exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.&nbsp;— Photo congly.vn</td></tr></tbody></table></figure>HÀ NỘI&nbsp;— The Ministry of Finance has issued regulations on monitoring greenhouse gas emission quota transactions and carbon credits on domestic carbon exchanges, as well as the reporting regime in the field with an aim to create a synchronised and transparent legal framework for the formation and operation of the carbon market in Việt Nam.Circular No. 48/2026/TT-BTC, which took effect from May 12, was issued to complete the legal framework for monitoring transactions of greenhouse gas emission quotas and carbon credits in the context of Việt Nam gradually putting into operation a domestic carbon market according to the roadmap stipulated in the 2020 Law on Environmental Protection and Decree No. 29/2026/NĐ-CP on the domestic carbon exchange.Under the new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.This necessitates the establishment of a synchronised, transparent&nbsp;and effective transaction monitoring mechanism, contributing to ensuring the safe and efficient operation of the market, in line with sustainable development goals.The circular also sets out principles, content and methods for monitoring greenhouse gas emission quota and carbon credit trading on the domestic carbon exchange, helping establish a unified and transparent legal framework in line with the market’s future development and management needs.Besides, the circular defines the responsibilities of the entities supervising transactions, the entities supervising transactions (stock exchanges and trading members), the State Securities Commission of Vietnam, the Vietnam Securities Depository and Clearing Corporation, depository members, as well as related organisations and individuals.According to the circular, the Vietnam Exchange, the Hanoi Stock Exchange, and the Vietnam Securities Depository and Clearing Corporation must submit quarter and annual reports on the trading situation, depository activities, transaction settlement, transaction supervision results and supervision of trading members on domestic carbon exchanges.In addition, the circular also stipulates ad hoc and on-demand reporting to promptly meet the needs of State management. — BIZHUB/VNS

The Ministry of Finance has issued regulations on greenhouse gas emission quota and carbon credit transactions on domestic carbon exchanges, aiming to create a transparent and synchronised legal framework for Việt Nam’s carbon market.

Ministry establishes monitoring framework for carbon market

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/15/503242_Screenshot_20260515_104850.jpg" alt=""></figure></td></tr><tr><td>Booths displayed Vietnamese products at a supermarket in Seoul. — YONHAP/VNA Photo</td></tr></tbody></table></figure>HÀ NỘI — Enterprises are being encouraged to adopt new market-entry strategies and deepen industrial cooperation with South Korean partners as trade ties between the two countries continue to expand and supply chains become increasingly integrated across Asia.Experts said South Korea is no longer only a destination for traditional Vietnamese exports such as seafood, textiles and agricultural products, but is also emerging as a strategic market for higher-value industrial goods, supporting industries and technology-linked manufacturing.The discussions came during a series of presentations on Việt Nam-South Korea industrial and trade cooperation on May 14, where South Korean and Vietnamese trade representatives outlined opportunities for Vietnamese businesses to strengthen their foothold in the South Korean market through supply chain integration, digital trade platforms and industrial partnerships.According to the Korea International Trade Association (KITA), Việt Nam has become one of South Korea's most strategic economic partners in Southeast Asia, supported by extensive investment flows and the growing presence of South Korean corporations in Việt Nam.Kang Heon Woo, chief representative of the KITA Office in Hà Nội, said that Việt Nam hosts more than 10,000 South Korean companies, many of which continue to rely heavily on imported materials and components from South Korea, China and other markets due to difficulties in identifying qualified local suppliers."This creates a strategic opportunity for Vietnamese enterprises to enter South Korean supply chains directly from Việt Nam before expanding exports into Korea itself," Heon Woo said.Data showed that Việt Nam has rapidly climbed among South Korea's top import partners. By March, Việt Nam ranked fourth among South Korea's largest importing countries, compared with seventh place in 2024.Việt Nam's major export items to South Korea include electronics, machinery components, textiles, agricultural products and processed consumer goods, reflecting a shift from labour-intensive exports towards more technology-oriented manufacturing.Experts said one of the most effective new approaches for Vietnamese firms is to leverage the extensive network of South Korean manufacturers already operating in Việt Nam.Major South Korean conglomerates including Samsung, LG, POSCO, Hyosung and Hyundai have built large-scale manufacturing ecosystems in the country, supported by hundreds of suppliers and satellite enterprises.Samsung Electronics and its affiliates alone are connected with around 1,000 partner companies in Việt Nam, while more than 500 Korean textile and apparel firms have established operations nationwide.Industry specialists said this ecosystem offers Vietnamese suppliers opportunities to participate in localisation programmes and gradually become part of South Korean corporations' regional and global procurement systems."South Korean companies in Việt Nam are seeking better cost efficiency and logistics optimisation, but many still struggle to identify reliable domestic suppliers," Bok Dug Gyou, deputy director of the Korea Trade-Investment Promotion Agency (KOTRA), said.Rather than focusing solely on exporting finished products directly into South Korean retail markets, Vietnamese enterprises were advised to position themselves as suppliers of industrial materials, supporting-industry products and intermediate goods within South Korean-led manufacturing networks.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/5/15/503262_5480775093233407_kita.jpg" alt=""></figure></td></tr><tr><td>Representatives at the meeting. — Photo courtesy of Vietrade</td></tr></tbody></table></figure>Trade representatives also highlighted the growing importance of data-driven market research and digital trade tools in accessing the Korean market.The representative of KITA encouraged Vietnamese companies to utilise South Korea's trade statistics systems, including K-Statistics and Korea Customs Service databases, to identify import demand trends, product categories and shifts in sourcing patterns before approaching buyers.Heon Woo also promoted the use of TradeKorea, a global B2B platform designed to connect exporters with Korean and international buyers through online product promotion and business matching services."South Korean buyers increasingly expect suppliers to provide detailed company information, certifications and quick responses through digital channels," he said.To strengthen competitiveness, Vietnamese firms were advised to improve compliance standards, product traceability and production flexibility while adopting a longer-term approach to relationship building in the South Korean market.Another strategy discussed at the event involved developing industrial value chain maps and company directories to improve transparency and help Korean investors identify potential Vietnamese suppliers more efficiently.The proposed value-chain mapping programme would categorise Vietnamese businesses according to the Vietnam Standard Industrial Classification (VSIC), business activities and tax registration information, creating a more structured supplier database for South Korean enterprises seeking local partnerships.South Korean trade and investment agencies also proposed expanding cooperation in technical workforce training, research and development, technology transfer and supporting-industry incentives to help Vietnamese firms move further up the value chain.The event additionally underscored opportunities in sectors such as electronics, automotive components, machinery, chemicals, distribution services and cultural content industries, where South Korean investment in Việt Nam has grown rapidly over the past decade.KITA Hà Nội office said it would continue supporting Vietnamese enterprises through buyer matching, networking consultations and business meeting coordination as companies from both countries seek to deepen trade and industrial ties. — BIZHUB/VNS

Experts said one of the most effective new approaches for Vietnamese firms is to leverage the extensive network of South Korean manufacturers already operating in Việt Nam.

Việt Nam eyes deeper access to South Korea beyond traditional exports

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/17/497822_5456766613503185_HN%20(2).jpg" alt=""></figure></td></tr><tr><td>Chairman of the municipal People’s Committee Vũ Đại Thắng chaired the meeting. — Photos courtesy of Hanoi Support Centre for Enterprise and Investment Promotion.</td></tr></tbody></table></figure>&nbsp;HÀ NỘI — Authorities in Hà Nội have reaffirmed their commitment to accompany businesses and decisively address their concerns as small and medium-sized enterprises (SMEs) continue to face multiple bottlenecks affecting growth and competitiveness, at a time when firms are seeking clearer policy support and faster reforms.The pledge was made by Chairman of the municipal People’s Committee Vũ Đại Thắng at a dialogue conference with SMEs held on April 16. The event served not only as a policy briefing but, more importantly, as a platform for businesses to directly voice difficulties and propose solutions.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/17/497824_5456772987865818_HN4.jpg" alt=""></figure></td></tr><tr><td>Vice Chairman of the Hà Nội People’s Committee Nguyễn Xuân Lưu delivered an opening speech.&nbsp;</td></tr></tbody></table></figure>Speaking at the opening of the conference, Vice Chairman of the Hà Nội People’s Committee Nguyễn Xuân Lưu said the event was held at a historically significant time following the success of the 14th National Party Congress, marking the beginning of a new era, an era of the nation's&nbsp;rise&nbsp;as well as the successful elections of deputies to the 16th National Assembly and People’s Councils at all levels for the 2026–31 term. These events, he noted, reaffirm public trust, consensus and support.He emphasised that the conference was not only intended to provide updates on the situation, policies and orientations but more importantly to serve as a platform for the city to directly listen to feedback from the business community, thereby identifying difficulties and bottlenecks that need to be addressed in a substantive and effective manner.The conference also represents a concrete step in implementing major central policies on enterprise development and the broader economy, including Resolution No. 68-NQ/TW on private sector development and Resolution No. 79-NQ/TW on improving the efficiency of the state sector.Regarding the outlook for 2026, Lưu noted that global and regional developments remain fast-moving, complex and unpredictable, with prolonged geopolitical tensions affecting energy prices, global supply chains and the investment and business environment, placing significant pressure on enterprises.Against this backdrop, Hà Nội has implemented socio-economic development tasks in a concerted and decisive manner, achieving positive results in the first quarter of 2026. GRDP growth was estimated at 7.87 per cent, among the highest in recent years. State budget revenue exceeded VNĐ260.7 trillion, equivalent to 40.1 per cent of the annual estimate, while local budget expenditure surpassed VNĐ52.2 trillion.Foreign direct investment inflows totalled nearly US$480 million, while more than 9,000 new enterprises were registered, with a sharp increase in registered capital compared with the same period last year. The trade and services sector continued to expand, with total retail sales of goods and consumer service revenue rising by more than 11 per cent.“These results reflect the significant contribution of the business community, particularly small- and medium-sized enterprises, a dynamic and flexible force that plays a core role in the capital’s economy,” Lưu said, expressing appreciation for the entrepreneurial spirit of proactiveness, creativity and resilience.However, he also acknowledged that the results are only initial and fall short of the requirements for a breakthrough. Some growth drivers have yet to fully realise their potential, while businesses continue to face difficulties in accessing credit, land and production premises alongside rising input costs. In addition, administrative procedures in certain areas remain slow and implementation has yet to be sufficiently decisive, affecting production and business activities.At the conference, SME representatives pointed to a range of longstanding challenges, including limited access to credit, land constraints, administrative complexity, and difficulties in digital transformation.Nguyễn Minh Thu, Deputy Secretary-General of the Hà Nội SME Association, acknowledged the city’s efforts in administrative reform, digital transformation and maintaining dialogue channels with businesses. However, she noted that these improvements have yet to fully resolve underlying obstacles.“SMEs still face significant barriers, from accessing resources to rising operational costs,” she said, adding that the association had put forward a number of key recommendations to improve the business environment.Access to finance remains one of the most pressing issues. SMEs often lack sufficient collateral while lending procedures are time-consuming and requirements remain stringent. Businesses proposed expanding lending models based on purchase orders and improving the efficiency of credit guarantee funds.Land access and production space were also identified as major bottlenecks. Enterprises called for greater transparency in land availability, more appropriate allocation within industrial clusters and policies to support initial investment costs. In addition, they urged authorities to streamline procedures related to investment, construction, environmental compliance and fire prevention, suggesting stronger inter-agency coordination to shorten processing times.Beyond traditional constraints, SMEs also highlighted challenges in adapting to an increasingly digital economy. Many firms lack the financial resources, strategic direction and skilled workforce needed to implement digital transformation effectively.Representing the Hà Nội Young Business Association, Trần Văn Minh said its more than 3,300&nbsp;members had benefited from the city's support policies, particularly programmes for the 2026–30 period and expanded online public services. However, practical difficulties persist.He noted that rental costs account for around 25 per cent of total investment yet land leased on an annual basis cannot be used as collateral for loans. This limits businesses’ ability to access capital for reinvestment, especially in technology upgrades.Interest rates and credit policies also fluctuate, making it harder for firms to plan long-term strategies. To address these issues, the association proposed allowing land lease rights to be used as collateral or introducing medium- and long-term credit guarantee mechanisms.Businesses also recommended developing shared, low-cost digital solutions tailored to SMEs, enabling wider adoption of technology without imposing excessive financial burdens.At the dialogue, enterprises raised concerns across six main areas. In industry and trade, proposals focused on preferential credit for supporting industries, development of specialised industrial zones and stronger linkages between domestic firms and foreign-invested enterprises. The idea of establishing a national-scale logistics centre was also put forward to reduce costs and improve competitiveness.In tourism, businesses called for expanded visa exemptions and stronger inter-agency coordination to boost the sector’s recovery and growth.Administrative procedures more broadly were still described as cumbersome and inconsistent, particularly in areas such as work permits for foreign employees. Tax-related issues also drew significant attention, including difficulties in accessing electronic tax filing systems, delays in processing and cases where firms were flagged for tax arrears despite having fulfilled obligations.Tax officials at the conference said reforms had reduced administrative procedures by 35 per cent and that support systems, including AI-assisted services and 24/7 helpdesks, had been deployed to assist businesses. However, they acknowledged that system overload during peak periods could still cause disruptions.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/17/497825_5456774489172273_HN5.jpg" alt=""></figure></td></tr><tr><td>Bùi Anh Tuấn, Director General of the Department of Private Enterprise and Collective Economy Development under the Ministry of Finance.</td></tr></tbody></table></figure>&nbsp;Speaking at the event, Bùi Anh Tuấn, Director General of the Department of Private Enterprise and Collective Economy Development under the Ministry of Finance, said Hà Nội’s business community plays a critical role not only for the city but also for the national economy.He noted that while many localities organise business dialogues, Hà Nội is the first to hold a dedicated, in-depth conference focusing specifically on SMEs, with direct participation from city leaders and department heads. This, he said, reflects the city’s strong commitment to supporting the sector.Tuấn added that many of the issues raised are not unique to Hà Nội but reflect broader challenges that require policy adjustments at the national level.The Ministry of Finance is currently revising the Law on Support for SMEs after eight years of implementation. The revised law is expected to introduce more practical and transparent support mechanisms, with businesses placed at the centre of policy design and evaluation.He expressed hope that these changes will enable SMEs to access support more effectively and develop sustainably in the coming years.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/17/497823_5456770689732762_HN3.jpg" alt=""></figure></td></tr><tr><td>Chairman of the municipal People’s Committee Vũ Đại Thắng delivered a speech at the event.</td></tr></tbody></table></figure>In his closing remarks, Chairman Vũ Đại Thắng emphasised that engagement with businesses would not end with the conference but would continue on a regular basis.He acknowledged existing shortcomings, including inconsistent administrative reforms, complex procedures and weak coordination among agencies. He also pointed to the need to address instances where some officials have not been fully supportive of businesses.The city, he said, is determined to shift from a management&nbsp;approach to a service-oriented&nbsp;administration, with businesses at the centre and satisfaction levels serving as a key measure of performance.&nbsp;<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/17/497826_5456776290742815_HN6.jpg" alt=""></figure></td></tr><tr><td>Chairman of the Hà Nội People’s Committee Vũ Đại Thắng and delegates pose for a commemorative photo at the conference.</td></tr></tbody></table></figure>Authorities will accelerate administrative reforms, cut at least 50 per cent of unnecessary procedures and improve the quality of online public services. City departments have been instructed to respond to business petitions within a maximum of 30 days.At the same time, Thắng stressed that businesses themselves must take a proactive role by strengthening governance, ensuring financial transparency, promoting innovation and enhancing linkages to build value chains.“Hà Nội is facing a major opportunity for breakthrough growth,” he said. “Achieving double-digit growth in the coming period will require the joint efforts of the political system, the business community and the people.”The city, he affirmed, will continue to listen, accompany and act in support of enterprises, recognising them as a central driver of economic development and long-term prosperity. — VNS

Authorities in Hà Nội have reaffirmed their commitment to accompany businesses and decisively address their concerns, as small- and medium-sized enterprises continue to face multiple bottlenecks affecting growth and competitiveness.

Hà Nội pledges to resolve business concerns, strengthen support for SMEs

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/16/496682_dungquat.jpg" alt=""></figure></td></tr><tr><td>The Dung Quất refinery, expected to form the core of the national refining and energy centre in Quảng Ngãi. — VNA/VNS Photo</td></tr></tbody></table></figure>HÀ NỘI — Việt Nam will introduce breakthrough policies to develop national energy centres, aiming to strengthen energy security and sustain high economic growth, Nguyễn Thanh Nghị, chairman of the Central Policy and Strategy Commission, said.Speaking at a national conference on implementing recent resolutions of the Communist Party of Việt Nam, Nghị said energy development would be a key pillar of building a modern, integrated infrastructure system over the next five years.The country aims to develop its energy industry towards clean energy while becoming a regional exporter of renewable energy, according to a revised national energy plan approved earlier this year.By 2030, several clean energy centres are expected to be established in the Red River Delta, the south-central coast, the Central Highlands and the southeast.The Ministry of Industry and Trade (MIT) has also proposed developing a national refining and energy centre at the Dung Quất Economic Zone in the central province of Quảng Ngãi, with total investment estimated at around US$16 –20 billion by 2045.Once completed, the project is expected to meet at least 30 per cent of the country’s fuel demand, provide strategic reserves equivalent to 30 days of production and consumption and create around 30,000 jobs.The development of national energy centres would help enhance energy security, reduce dependence on imports and attract both domestic and foreign investment while supporting the growth of supporting industries, Nghị stressed.The push comes as Việt Nam targets annual economic growth of at least 10 per cent in the 2026–30 period amid an increasingly volatile global energy market.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/16/496686_dung%20quat.jpg" alt=""></figure></td></tr><tr><td>An aerial view of the Dung Quất Economic Zone. The planned national refining and energy centre is seen as a strategic project amid growing global energy volatility. —VNA/VNS Photo</td></tr></tbody></table></figure>National energy driveThe development of the national refining and energy centre at the Dung Quất Economic Zone is an urgent and strategic task amid intensifying competition and instability in global energy markets, according to Lê Xuân Huyên, deputy director general of Vietnam National Industry – Energy Group (PetroVietnam).Đặng Hải Anh, deputy director of the Oil, Gas and Coal Department under the MIT, said the project must be viewed within the broader context of national energy security, as Việt Nam’s rapidly growing economy continues to drive up demand for electricity, fuel and overall energy consumption.The centre, therefore, is expected to be an integrated development space combining refining and petrochemicals with gas, LNG, power generation and renewable energy, with the existing Dung Quất refinery at its core, connecting with major projects including the Cá Voi Xanh gas field, LNG infrastructure, offshore wind power, deep-water ports and related value chains, Anh said.“The national refining and energy centre will help ensure energy security, enhance domestic production capacity and reduce dependence on imported petroleum and petrochemical products,” he said.“It will also support Việt Nam’s commitment to net-zero emissions by 2050 through the development of new energy sources such as green hydrogen and green ammonia.”Nguyễn Văn Tư, deputy general director of the Vietnam Petroleum Institute, said a breakthrough approach was needed, stressing the role of PetroVietnam as the master developer to coordinate the entire ecosystem.He also proposed a range of foundational policy mechanisms, including a one-stop approach to investment approval and land allocation, as well as allowing the direct appointment of PetroVietnam and its subsidiaries to implement core projects such as renewable energy, hydrogen, ammonia and carbon capture and storage instead of a bidding process.He called for the pilot implementation of a sandbox to establish an internal energy market within the centre to enable direct electricity trading and exchanges of steam, by-products and secondary energy among enterprises, alongside initial support policies for emerging energy products.Investment bottlenecksAccording to Nguyễn Hải Trường, deputy head of the Dung Quất Economic Zone’s Management Board, a key bottleneck is the lack of sufficiently strong mechanisms to attract large-scale investment.Trường proposed that the central government allocate Quảng Ngãi Province up to 30 per cent of import-export revenues generated in the zone to support infrastructure development. He also called for special investment procedures and exemptions from land auctions for projects within the centre.A representative of the Bình Sơn Refining and Petrochemical JSC (BSR), which operates the Dung Quất refinery, said the centre would require a flexible and tailored policy package given its large capital requirements, complex technologies and long investment cycles as well as exposure to market and policy fluctuations.The BSR proposed prioritising the attraction of strategic investors, offering higher corporate income tax incentives, exemptions on land and water surface rental fees and import duty exemptions for input materials. It also called for special investment procedures to shorten project preparation timelines.Additional recommendations included allowing the sale of surplus electricity within the zone, easing credit limits, developing carbon credit mechanisms, establishing venture capital funds and creating a dedicated master plan to ensure coordinated implementation.Đỗ Tâm Hiển, deputy chairman of the Quảng Ngãi People’s Committee, said the province would continue coordinating closely with the MIT and relevant agencies to finalise the development model, policy framework and implementation roadmap in line with government direction.At a recent Government meeting, the Prime Minister called for accelerated progress on the Dung Quất project — a test case for whether Việt Nam can translate bold policy ambitions into a coherent, future-ready energy system. — VNS

Việt Nam needs breakthrough policy mechanisms beyond tax incentives to accelerate plans for a national refining and energy hub at Dung Quất in the central province of Quảng Ngãi, as the country seeks to strengthen energy security amid global volatility.

Việt Nam to roll out special mechanisms for national energy centres

<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/16/489930_CH1.jpg" alt=""></figure></td></tr><tr><td>Farmers harvest Tài Nguyên rice with combine harvesters in Cà Mau Province. — VNA/VNS Photo</td></tr></tbody></table></figure>CÀ MAU — A locally cherished rice variety grown for generations in southern Việt Nam is beginning to find a path beyond domestic markets, offering new opportunities for farmers in Cà Mau Province.The specialty Tài Nguyên rice, grown mainly in communes such as Vĩnh Lợi, Châu Thới and Hưng Hội, benefits from favourable soil conditions and long-standing traditional farming practices.Although the rice has long been consumed primarily within the domestic market, its economic returns are often higher than many export-oriented rice varieties.By late February this year, farmers in Tài Nguyên rice-growing areas across Cà Mau entered the main harvest season.Strong yields and stable prices have brought renewed optimism to local producers.At the same time, a newly signed export contract – the first of its kind for the variety – has opened the door for the rice to reach international consumers.A promising harvestOn fields in Trà Ban Hamlet in Vĩnh Lợi Commune, the atmosphere has been bustling in recent days as farmers race to harvest their crops under the scorching dry-season sun. The sound of combine harvesters and transport machines echoes across the fields.Từ Văn Dẫn, a local farmer harvesting around two hectares of Tài Nguyên rice fields, said the crop faced early challenges due to high tides that flooded newly planted fields.However, careful crop management helped ensure a successful season.“This year the yield is quite good. The rice sells for around VNĐ8,200 per kilogram (about 33 US cents). After production costs, each hectare brings a profit of about VNĐ45 million (around $1,800), which is a fairly good income for farmers,” Dẫn said.A similar sense of satisfaction could be seen on the face of Võ Văn Vũ Hoàn, a farmer in Nhà Dài A Hamlet of Vĩnh Lợi Commune, whose family had just completed harvesting six hectares of rice fields.With yields reaching around nine tonnes per hectare, the harvest produced roughly 50 tonnes of rice.“With the price ranging from about VNĐ8,000 per kilogram, our family earns nearly VNĐ250 million ($10,000) in profit this season,” Hoàn said.According to Hứa Sít, chairman of the Vĩnh Lợi Commune People’s Committee, more than 1,000 hectares of Tài Nguyên rice were cultivated in the commune this season.Most of the area is currently being harvested.Good yields and favourable prices not only ensure stable incomes for farmers but also encourage them to invest further in improved cultivation techniques for future crops.Untapped potentialDespite being mostly consumed in domestic markets, Tài Nguyên rice holds significant economic value.Agricultural experts note that the rice is produced under specific natural conditions, including distinctive soil characteristics, climate and traditional cultivation methods.These factors contribute to the rice’s unique qualities — soft texture, fragrant aroma and rich flavour — which distinguish it from other varieties.The brand “Tài Nguyên Vĩnh Lợi Rice” was granted a collective trademark certificate by the Intellectual Property Office of Việt Nam in 2010.Subsequently, authorities in Vĩnh Lợi Commune of Bạc Liêu Province, in collaboration with the Mekong Delta Rice Research Institute, worked to restore and preserve the original seed variety.However, for many years the collective trademark failed to fully realise its potential due to a lack of organised production linked with stable consumption markets, resulting in fluctuating prices for farmers.Tô Thanh Hải, vice chairman of the Châu Thới Commune People’s Committee, said Tài Nguyên rice originated from traditional seasonal rice varieties selected and preserved by local farmers over decades.“The brand has not yet developed as expected mainly because there has been no comprehensive planning for high-quality specialty rice production areas aimed at gaining geographical indication status,” Hải said.<figure class="table"><table><tbody><tr><td><figure class="image"><img src="https://image.vietnamnews.vn/uploadvnnews/Article/2026/4/16/489931_CH2.jpg" alt=""></figure></td></tr><tr><td>The Tài Nguyên rice variety, a local specialty, is cultivated in communes such as Vĩnh Lợi, Châu Thới and Hưng Hội in Cà Mau Province, where favourable soil conditions support its growth. — VNA/VNS Photo</td></tr></tbody></table></figure>Toward global marketsIn addition, the overuse of chemical fertilisers and pesticides by some farmers has gradually affected the quality of the rice.To address these issues, the Cà Mau Department of Agriculture and Environment has coordinated with local authorities to implement various measures, including building concentrated production zones and establishing traceability systems.These efforts aim to improve production efficiency while raising farmers’ incomes.Encouragingly, a three-party cooperation agreement was recently signed between the Saigon Green Economy Cooperative, Total Feeling LLC (USA) and the Hưng Thịnh Cooperative in Vĩnh Lợi Commune to export 30 tonnes of specialty Tài Nguyên rice to the US.The deal marks a breakthrough in promoting the rice variety and opens new prospects for expanding its presence in global markets.According to Vĩnh Lợi Chairman Sít, building a stronger brand for Tài Nguyên rice will require safe production models that meet VietGAP standards, organic farming practices and modern cultivation techniques.Equally important is a shift in farmers’ production mindset, encouraging the use of biological fertilisers and reducing chemical inputs that may diminish the rice’s distinctive qualities.Local authorities will continue working with provincial agencies to restore the original Tài Nguyên seed variety, develop concentrated farming zones and ensure strict control of both production inputs and product quality.Efforts will also focus on granting planting area codes, implementing traceability systems and gradually building a closed value chain capable of meeting the requirements of demanding export markets.As Vĩnh Lợi and neighbouring areas step up trade promotion and expand market access, officials say building a stable value chain and meeting export standards will be key to turning Tài Nguyên rice into a competitive, high-value product in global markets. — VNS

Agricultural experts note that the rice is produced under specific natural conditions which contribute to the rice’s unique qualities — soft texture, fragrant aroma and rich flavour — which distinguish it from other varieties.

Cà Mau’s specialty Tài Nguyên rice seeks global markets

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In TNH99's multi-industry development strategy, the real estate sector plays an important role in creating long-term value for the community and investors. Established as a member company, Allard Homes was born with the mission of becoming a professional, humane and sustainable real estate management and development unit, focusing on modern - sophisticated - livable housing products and urban projects. Allard Homes operates on the foundation of combining creative development thinking and international standard implementation capacity. With a team of experienced experts in the fields of planning, architecture, construction and finance, Allard Homes participates comprehensively in the process of market research, master planning, architectural design, construction and project management.From nursing homes, health care centers, eco-villas to synchronous urban areas, Allard Homes always focuses on three core factors: Construction quality - Investment value - Living experience. Each project is not just a real estate product, but a living ecosystem: a harmony between utilities, landscape, architecture and future residential community.In particular, Allard Homes prioritizes participating in the development of projects following the trend of "green and smart real estate", integrating standards of energy saving, green space, smart management and long-term after-sales services - contributing to the sustainable development of Vietnamese urban areas.With financial support, a multi-industry ecosystem and operational capacity from TNH99, Allard Homes not only creates high-quality real estate products, but also opens up opportunities for transparent, effective and long-term investment cooperation for strategic partners, individual and institutional investors.

Real Estate

With a distinguished heritage spanning over a decade in healthcare excellence, TNH99 Vietnam Joint Stock Company established the Medpharin Institute for High-Tech Pharmaceutical Research and Development — a pioneering institution dedicated to delivering optimal, bespoke health solutions through the harmonious integration of advanced biomedical technology and the enduring wisdom of traditional medicine.&nbsp;Complementing this foundation, TNH99 has thoughtfully cultivated a comprehensive healthcare ecosystem through a portfolio of esteemed subsidiaries. Peacelife Vietnam specializes in the production and distribution of premium herbal remedies and functional supplements, preserving and revitalizing Vietnam’s rich tradition of medicinal herbs. In parallel, My Health Vietnam stands at the forefront of digital healthcare innovation, developing intelligent m-Health platforms, AI-powered medical applications, gene sequencing technologies, family healthcare management solutions, and precision medicine services — all committed to fostering a proactive, health-literate community while elevating the global stature of Vietnamese healthcare.&nbsp;Building upon this legacy of holistic well-being, TNH99 made a visionary expansion into the luxury wellness and beauty sector with the founding of Éclat Vietnam — the exclusive owner and operator of Éclat Wellness &amp; Spa. Conceived as a sanctuary of refined beauty and restorative tranquility, Éclat Wellness &amp; Spa masterfully unites advanced therapeutic techniques, state-of-the-art technology, and an opulent, resort-style ambiance. Nestled within Hanoi’s prestigious Diplomatic Corps area — a modern, well-appointed neighborhood offering easy connectivity to the city’s major residential and commercial hubs — Éclat Wellness &amp; Spa offers an exquisite, timeless beauty experience through a portfolio of meticulously curated, five-star personalized services across three signature domains: Spa – Massage – Hair &amp; Nail. Every moment within Éclat is an invitation to celebrate individual beauty, nurture inner harmony, and embrace the art of gracious living.

Với hơn một thập kỷ hoạt động trong lĩnh vực chăm sóc sức khỏe, TNH99 đã thành lập Viện Nghiên cứu và Phát triển Dược phẩm Công nghệ cao (Medpharin), cung cấp các giải pháp tối ưu, cá nhân hóa, kết hợp giữa công nghệ hiện đại và tinh hoa y học truyền thống. Song song với đó, Tập đoàn cũng phát triển hệ sinh thái chăm sóc sức khỏe thông qua các công ty thành viên. Công ty Peacelife Việt Nam chuyên sản xuất và phân phối thực phẩm chức năng và các sản phẩm chăm sóc sức khoẻ từ thảo dược, đặc biệt là các sản phẩm từ cây thuốc Nam. Bên cạnh đó, TNH99 đầu tư Công ty My Health Việt Nam, tiên phong ứng dụng công nghệ thông tin vào y tế, phát triển các nền tảng m-Health, giải pháp số hóa, trí tuệ nhân tạo, giải trình tự gen, chăm sóc sức khoẻ gia đình và y học chính xác, với sứ mệnh xây dựng cộng đồng khỏe mạnh, chủ động và từng bước nâng tầm vị thế người Việt trên trường quốc tế.Dựa trên nền tảng vững chắc đó, TNH99 tiếp tục mở rộng lĩnh vực wellness &amp; beauty với sự ra đời của Éclat Việt Nam — đơn vị sở hữu và vận hành thương hiệu Éclat Wellness &amp; Spa. Đây là chuỗi điểm đến làm đẹp toàn diện, kết hợp liệu pháp trị liệu chuyên sâu, công nghệ tiên tiến và không gian nghỉ dưỡng đẳng cấp. Éclat Wellness &amp; Spa mang đến trải nghiệm làm đẹp vượt thời gian và thư giãn tuyệt đối thông qua hệ thống dịch vụ cá nhân hóa chuẩn 5 sao, tập trung vào 3 lĩnh vực chính: Spa – Massage – Hair &amp; Nail.