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30th May 2026

Việt Nam regards EAEU as trustworthy partner in AI development

Deputy PM Hồ Quốc Dũng suggested Việt Nam and the EAEU establish a policy dialogue forum on the responsible use of AI, data protection standards and cybersecurity.

ASTANA — Việt Nam considers the Eurasian Economic Union (EAEU) a trustworthy partner in the development of artificial intelligence (AI) for mutual benefit, Deputy Prime Minister Hồ Quốc Dũng affirmed at the plenary session of the Eurasian Economic Forum held in Astana, Kazakhstan, on Thursday.

In his remarks, Dũng highlighted several of Việt Nam’s achievements in science – technology, innovation, e-government and the digital economy while sharing the country’s approach to AI development. He stressed that Việt Nam identifies science – technology, innovation and digital transformation as foundational drivers and strategic breakthroughs for entering a new era of development.

The Deputy PM also outlined several major directions for advancing the implementation of the free trade agreement (FTA) between Việt Nam and the EAEU amid emerging regional trends such as the digital economy and AI, alongside efforts to promote transcontinental transport corridors and the digitalisation of cross-border trade.

Dũng stressed that the existing agreement between Việt Nam and the bloc provides a solid basis for bilateral economic cooperation. In the current context, they should expand collaboration to new technological areas, including AI research and development covering smart agriculture, urban planning and transport, as well as stronger cooperation between research centres and educational institutions in training personnel in cybernetics and computer science.

The Deputy PM suggested the parties establish a policy dialogue forum on the responsible use of AI, data protection standards and cybersecurity.

On the same day, he held meetings with Chairman of the Board of the Eurasian Economic Commission (EEC) Bakytzhan Sagintayev, Deputy PM of Belarus Natalya Petkevich, and Vice President of Cuba Salvador Valdes Mesa.

Meeting with Sagintayev, Dũng affirmed Việt Nam’s commitment to cooperation with the EAEU and praised the practical benefits delivered by the EAEU – Việt Nam FTA to businesses and people on both sides over the past decade. He proposed a review of the agreement’s 10-year implementation to identify areas requiring improvement, including the removal of safeguard measures affecting Vietnamese fishery and apparel exports.

The EEC Chairman described the FTA with Việt Nam as a model of successful cooperation for the bloc, noting that trade turnover between the EAEU and Việt Nam reached US$8.3 billion last year. He pledged to work with member states to address Việt Nam’s concerns, while agreeing to strengthen cooperation in digital transformation and technology and to organise activities marking the 10th anniversary of the FTA signing.

At a separate meeting with the Belarusian Deputy PM, both sides expressed satisfaction with the progress in bilateral relations across politics, trade, tourism and other spheres, especially since Party General Secretary Tô Lâm's state visit to Belarus in May 2025.

Dũng called on Belarus, as an EAEU member state, to support the removal of safeguard measures on Việt Nam's textile – garment products and facilitate access to the EAEU market for the country's agricultural and fishery products. He also urged effective implementation of bilateral agreements, particularly the cooperation roadmap for 2026–2028.

The Belarusian Deputy PM stated that her country views Việt Nam as a strategic and reliable partner in Southeast Asia, and wishes to foster multifaceted cooperation. She voiced confidence that Việt Nam will become a key political, cultural and economic gateway linking Belarus with the wider region.

Petkevich also welcomed Vietnamese investments in Belarus and stronger cooperation between localities of the two countries.

Regarding safeguard measures, Belarus will positively consider raising thresholds for Vietnamese textile products, she noted, requesting that Việt Nam open its market further to some Belarusian agricultural and industrial goods. The official suggested that balancing bilateral trade could help address safeguard concerns.

During the meeting with the Cuban Vice President, Dũng described the Việt Nam – Cuba special friendship as a priceless common asset, saying the two countries should continue assisting each other to surmount difficulties.

The two sides agreed to effectively implement the projects on wet rice cultivation and renewable energy, and coordinate to organise activities marking the 100th birth anniversary of Cuban revolutionary leader Fidel Castro in 2026.

On Friday, Deputy PM Dũng is scheduled to meet a Russian deputy prime minister, visit Nazarbayev University and the International Science and Technology Centre, and hold a working session with the Vietnamese Embassy in Kazakhstan.

Source: VNA/VNS

Photo: VNA/VNS

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HCMC to use prime land assets worth $889 mln to pay Masterise for two major bridge projects

24th June 2026

Ho Chi Minh City will use prime land assets worth more than VND23.4 trillion ($889.4 million) and public funds to compensate Masterise for two major bridge projects under build-transfer (BT) contracts, according to a new decision by the city People's Council.

The council approved adjustments to the investment policies for the Can Gio bridge and Phu My 2 bridge projects, both of which are being developed by the local developer under public-private partnership (PPP) arrangements.

For the Can Gio bridge project, authorities revised the payment structure after changes to the land bank earmarked for investor compensation. The city will now allocate two downtown land plots with a combined estimated value of more than VND7.5 trillion ($285.06 million) and use budget funds to cover the remainder of the payment obligation.

The sites include a property at 8-12 Le Duan boulevard, valued at VND3.42 trillion ($130 million), and another at 2-4-6 Hai Ba Trung street, valued at around VND4.11 trillion ($156.21 million).

The land assets account for roughly 69.7% of the BT contract value for the bridge construction, estimated at VND10.82 trillion ($411.25 million). The remaining VND3.74 trillion ($142.15 million) will be paid from the local budget after the land transfer is completed.

The Can Gio bridge project has a revised total investment of about VND13.35 trillion ($507.41 million), including interest expenses during construction, up by VND148 billion ($5.63 million) from the previously approved plan.

The bridge will span across the Soai Rap river, linking Can Gio with Nha Be communes and replacing the Binh Khanh ferry crossing. The project includes a bridge section of about three kilometers and connecting roads, bringing the total length to roughly seven kilometers.

Separately, the city approved adjustments to the Phu My 2 bridge project, for which land assets valued at approximately VND15.91 trillion ($604.72 million) are expected to be used as payment to the investor.

The bridge will connect Nguyen Huu Tho road in HCMC with Lien Cang road in the neighboring industrial city of Dong Nai. The route will stretch about 6.64 km, including 4.6 km within HCMC and 2.04 km in Dong Nai.

Designed with eight traffic lanes and supporting infrastructure, the project carries a total investment of about VND21.83 trillion ($829.73 million), including financing costs during construction. Completion is targeted for 2029.

Authorities view Phu My 2 as a strategic transport link that will strengthen connections between southern HCMC, Dong Nai's Nhon Trach commune, and Long Thanh International Airport.

Once completed, the bridge is expected to ease congestion on the existing Phu My bridge, National Highways 1 and 51, and the Ho Chi Minh City-Long Thanh expressway, while improving logistics efficiency and supporting economic activity across the southern key economic region.

US leads imports of Vietnam’s computers and electronics in five months

23rd June 2026

VOV.VN - The US imported US$22.54 billion worth of computers, electronic products and components from Vietnam during the five-month period of 2026, making it Vietnam’s largest export market for the sector, ahead of China, the European Union and Hong Kong.

According to the Vietnam Customs, Vietnam’s exports of computers, electronic products and components totaled nearly US$56.2 billion in January-May, up 46.2% year-on-year.

The US remained the sector’s main growth driver, with exports to the market rising nearly 55% and accounting for more than 40% of total export value.

China ranked second with imports worth US$8.82 billion. The EU and Hong Kong also ranked among Vietnam’s leading export markets, with Hong Kong serving as a major transshipment hub for Vietnamese electronics.

Exports to the EU posted a strong recovery, while the ASEAN became another fast-growing market, with export value reaching US$3.02 billion, up nearly 77% year-on-year.

Other Asian markets, including the Republic of Korea (RoK), Taiwan (China), Japan and India, also continued to grow, indicating Vietnam’s ongoing efforts to diversify its export markets.

Several non-traditional markets such as Mexico, the United Kingdom, Australia and Canada also recorded strong growth.

In 2025, Vietnam’s exports of computers, electronic products and components surpassed US$100 billion for the first time. With strong momentum in early 2026, export value for the sector is expected to significantly exceed last year’s level.

Nghe An launches $720 mln climate change adaptation project

23rd June 2026

This includes roughly $595 million in loans from the World Bank (WB) and approximately $125 million in local counterpart funding.

Nghe An is set to launch a $720 million climate change adaptation and eco-tourism infrastructure project in the province's western region. This includes roughly $595 million in loans from the World Bank (WB) and approximately $125 million from local counterpart funding.

According to the proposal, the project is divided into four components. Among them, the component on developing Vinh’s urban infrastructure to adapt to climate change is the largest, with a total estimated capital of about $415 million.

The funds will be used to upgrade urban infrastructure by integrating stormwater drainage and transportation systems at a cost of around $258 million; expand the wastewater collection and treatment system with about $65 million; and strengthen the drainage capacity of major rivers and canals with about $60 million.

Additionally, a component dedicated to strengthening solid waste management through a circular economy approach has a projected investment of $50 million. This segment focuses on improving waste management efficiency, developing material recovery facilities, and promoting circular economy models.

Another notable feature of the project is the $170 million component dedicated to upgrading infrastructure to drive tourism development in Western Nghe An. Under this plan, the province will prioritize the construction of roads connecting to tourist sites along National Highway 7A, upgrade technical infrastructure at central hubs, and support local villages in developing community-based tourism.

Furthermore, between $78 million and $85 million has been allocated for technical assistance and capacity building to ensure the effective management and implementation of all investment items.

During a working session on June 19 between the Provincial People’s Committee and the World Bank Vietnam to consult on the adjusted investment list and conduct a preliminary investment screening for the project, World Bank representatives stated that their task force had previously conducted several field surveys and held specialized meetings with local authorities and relevant agencies to assess the current situation, identify investment needs, and finalize the project proposals.

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