Prime Minister Nguyen Xuan Phuc chaired the government’s monthly meeting in Hanoi on November 3. (Photo: VNA)
Hanoi (VNA) – Prime MinisterNguyen Xuan Phuc chaired the government’s monthly meeting in Hanoi on November3, urging further support for businesses.
Before the opening of the meeting, hepresented the President’s Decision to appoint two new government members,Transport Minister Nguyen Van The and Government Inspector General Le MinhKhai. The PM expressed his hope that they will make important contributions tothe success of the government and the nation.
In his opening speech, PM Phuc laudedministries, agencies and localities for tackling difficulties and improving thebusiness climate, particularly in preparing for the Asia-Pacific EconomicCooperation (APEC) Economic Leaders’ Meeting scheduled for November 6-11 in thecentral city of Da Nang.
He noted with delight that the World Bankrecently upgraded Vietnam’s from the 82nd to 68th place interms of business climate, saying the rankings are based on criteria regardingelectronic taxation procedures and electronic procedures settlement.
The PM added that the credit rating agency Moody’salso lifted Vietnam’s banking services outlook from stable to positive, apositive sign for the banking and credit sector.
According to him, the economy in Octoberperformed the most positively since early this year. The index of industrialproduction rose by 17 percent, led by manufacturing and processing.
Exports kept growing in the month, with farmproduce and currency key earners. Trade surplus hit 1.23 billion USD in thefirst ten months.
During October, 105,000 firms wereestablished.
On flooding that caused serious losses inseveral localities, he asked Deputy Prime Minister Trinh Dinh Dung and Ministerof Agriculture and Rural Development Nguyen Xuan Cuong to go to the southcentral region soon to direct recovery.
The PM called for tackling excessive feecollection in primary schools, delayed disbursement of basic investmentcapital, and other socio-cultural and environmental issues.
The leader requested government membersdiscuss socio-economic goals 2018 in line with the resolution by the PartyCentral Committee and the National Assembly’s resolution, towards refiningResolution 01 of the government.
Participants are also due to debate 16 otherimportant contents, including building policies and mechanisms for Ho Chi MinhCity.-VNA
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Prime Minister Nguyen Xuan Phuc chaired the government’s monthly meeting in Hanoi on November 3. (Photo: VNA) 
