March 18 Afternoon Briefing: Key Developments and Future Prospects in Vietnam
The March 18 briefing covered several key developments in Vietnam, including Prime Minister Chinh’s emphasis on prioritizing citizens in science and technology, the country’s projected economic growth, the rising demand for Vietnamese rice in Japan, significant funding for a local tech startup, and the increase in e-commerce tax revenue.
On March 18, Prime Minister Pham Minh Chinh emphasized the necessity for science and technology development, innovation, and digital transformation in Vietnam to prioritize citizens. He chaired the inaugural meeting of the Government steering committee focused on these sectors, advocating for streamlined processes and smart governance to enhance public service delivery for the populace and businesses.
In a recent directive, Prime Minister Chinh urged ministries and localities to actively engage in preventing wastefulness, viewing it as a collective obligation. He highlighted previous successes in combating waste through effective management and oversight from various governing bodies, which contributed significantly to Vietnam’s socio-economic goals, despite facing substantial challenges like pandemics and disasters.
Forecasts from German logistics provider DHL suggest that by 2030, Vietnam is on track to become one of the world’s 30 fastest-growing economies in trade. Southeast Asia, including Vietnam, Indonesia, and the Philippines, is expected to experience rapid trade growth within the next five years, as noted in DHL’s recent report.
Standing Deputy Prime Minister Nguyen Hoa Binh is currently visiting the UK, from March 16-20, to foster support for the establishment of financial centers in Vietnam. On March 16, he met with the Vietnamese Intellectual Society in the UK and Ireland, which comprises nearly 200 professionals in academia and research to discuss cooperation.
Vietnamese rice has captured the interest of Japanese consumers, attaining a favorable reputation for its quality. Takashi Takanashi, from Spice House Co., noted a rising demand for Vietnamese rice among his customers, appreciating its resemblance to local varieties.
Filum AI, a Vietnamese customer experience management platform, has successfully secured $1 million in funding from various distinguished regional investors, reflecting the market’s belief in its potential. The investment sources include Nextrans and VinVentures, among others.
The Department of Taxation under the Ministry of Finance has reported a significant surge in tax revenue derived from e-commerce in early 2025. A total of 130 foreign companies, including tech giants like Google and Facebook, have complied with tax obligations, raising substantial funds through Vietnam’s electronic tax portal.
In terms of trade, Vietnam has exported 309,505 tonnes of coffee, generating an income close to $1.72 billion in the initial months of the year. According to the Mercantile Exchange of Vietnam, rising global coffee prices increased the export value despite a decline in volume.
The Hanoi People’s Committee has finalized its design and renovation plans for Dong Kinh – Nghia Thuc Square, a historic location in the city center. Emphasizing its significance, the committee aims to enhance the square by integrating it with the local architecture.
During the 4th International Colloquium Patria in Havana on March 17, Vietnamese delegates participated alongside numerous officials, including Cuba’s President Miguel Díaz-Canel Bermúdez, to discuss collaborative efforts.
The March 18 briefing highlights significant developments in Vietnam, showcasing the country’s resolve in advancing science and technology, improving public services, and combating wastefulness. Furthermore, emerging forecasts indicate Vietnam’s potential for rapid economic growth, while international collaborations are reinforced through diplomatic engagements. The nation’s focus on innovation and economic expansion promises to enhance future prospects across various sectors.
Original Source: en.vietnamplus.vn
