Venture capital is critical to spurring technological innovation and pushing Vietnamese firms into emerging sectors while supporting legal fine-tuning to create breakthrough momentum for economic growth, Deputy Minister of Finance Nguyen Duc Tam said.

VOV.VN - Vietnam’s rapidly expanding network of comprehensive strategic partnerships and growing role in multilateral institutions are highlighting the country’s rising international position at a time of deep geopolitical competition and global supply chain restructuring.

The Politburo’s Resolution No. 80-NQ/TW on the development of Vietnamese culture defines culture as a source of national soft power and a direct driver of socio-economic growth.

The private economic sector is entering a crucial window of opportunity as development policies become clearer, reform efforts more decisive, and the sector increasingly positioned at the centre of national growth strategies.

The Politburo’s Resolution No. 68-NQ/TW on the private economic sector development, issued in May 2025, targets 2 million enterprises by 2030, including at least 20 major corporations participating in global value chains.

Building mechanisms that enable the State, universities, research institutes and businesses to jointly participate in the science and technology development chain is becoming increasingly important as Vietnam identifies science and technology as a major driver of future economic growth.

The Ministry of Public Security said it would strengthen the management of foreigners living and travelling in the country, while maintaining relatively open visa and immigration policies aimed at supporting tourism, investment and economic growth.

The latest administrative reform push, with the issuance of eight resolutions on reducing, decentralising and simplifying administrative procedures and business conditions, is being seen as one of the largest overhauls in recent years, affecting thousands of procedures and processes tied to business activities.

VOV.VN - Prime Minister Le Minh Hung has requested sweeping institutional reform as a key driver for Vietnam’s next phase of economic growth, stressing that the legal system must become a strategic breakthrough rather than a bottleneck for development.

Chairman of the Hanoi People’s Committee Vu Dai Thang chaired the committee’s regular meeting on May 5, during which he underlined the requirement for the city to achieve growth of over 10% in the second quarter to fulfil the target of double-digit development for the whole of 2026.