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GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
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MEMBER CORNER / PROMOTIONS
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INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
SMART ENERGY INFRASTRUCTURE CRITICAL FOR GREEN GROWTH
Developing smart energy infrastructure will be critical for Việt Nam to achieve its green growth ambitions, as the global energy transition has entered a new phase that requires more flexible, resilient and digitally enabled energy systems. At the Smart Energy Infrastructure Development Forum in Hà Nội, experts said that countries must move beyond simply expanding renewable power generation and focus on building smarter energy systems.
VIETNAM ECONOMY INVESTMENT
ĐẮK LẮK LAUNCHES THREE MANUFACTURING PROJECTS WORTH US$30 MILLION
Đắk Lắk Province has broken ground on three new industrial projects at Hòa Hiệp 1 Industrial Park with a combined investment of nearly VNĐ790 billion (US$30.2 million). The projects are the Agrilong–Green World Fertiliser Plant, the Bá Hải Canned Food Processing Plant, and the Kotinochi Phú Yên Semi-Trailer and Spare Parts Manufacturing Plant. The investors are Hoang Long Vina JSC, Ba Hai JSC, and Kotinochi JSC, respectively.
PROPERTY / INDUSTRIAL ZONE
HCMC PROPOSES NO MARKUP ON OFFICIAL LAND PRICES
HCMC’s Department of Natural Resources and Environment has proposed setting the land price adjustment coefficient, known as the K factor, at 1 for households and businesses, meaning land-use fees and rents would be calculated directly from the official land price table without any upward adjustment. The proposal, included in the third draft regulation submitted by the department to the land price appraisal council, is intended to ease financial burdens on residents and businesses while supporting a recovery in the real estate market.
PROPERTY / INDUSTRIAL ZONE
TOURISM AND INFRASTRUCTURE FUEL VIETNAM'S REAL ESTATE GROWTH
According to Chung, 2026 is considered a pivotal year as the Vietnamese economy enters a new development phase with a series of new policies on socioeconomic development, planning, and infrastructure investment. Against the backdrop, the real estate market is facing significant opportunities to enter a new development cycle.
VIETNAM ECONOMY INVESTMENT
HCMC: ‘5+1’ MODEL AIMS TO LIFT SERVICES TO 75% OF GRDP BY 2040
High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.
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