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vietnam economy

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Switzerland identifies Vietnam as priority partner in Southeast Asia

Switzerland identifies Vietnam as priority partner in Southeast Asia

The Federal Council said cooperation between Switzerland and the Southeast Asian country is to be placed on a new footing.

Politics-Diplomacy

Ho Chi Minh City must maximise role as economic powerhouse: PM

Prime Minister Le Minh Hung called for a comprehensive review of Ho Chi Minh City’s 2026 economic growth scenarios, with a focus on identifying untapped potential across sectors and deploying effective measures to maximise growth in the remaining quarters of the year, particularly in manufacturing, pharmaceuticals, logistics, finance and banking, and other high-value-added industries.
Reform drive expected to remove barriers, unlock growth momentum

Prime Minister Le Minh Hung recently ordered ministries and agencies to immediately cut at least 30% of administrative procedures, 50% of processing time, 50% of compliance costs and 30% of business conditions, while eliminating all unnecessary procedures.

Party General Secretary lauds finance sector’s contributions to national economy
Aug 08, 2025 16:31

The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.