Domestic Economic Updates

Key areas including satellite connectivity, energy, logistics, digital transformation and pharmaceuticals.

During a roundtable with leaders of major US firms in New York on September 23 (local time), General Secretary and President To Lam highly valued the views and proposals put forward by leaders of US corporations in science and technology, advanced manufacturing, energy, infrastructure, finance and investment.

Ambassador Pham Quang Vinh argued that Vietnam must leverage its economic ties with the United States not only to expand export volumes, but also to attract foreign direct investment and advanced technology, thereby increasing domestic value added and enhancing growth quality.

General Secretary and State President To Lam underscored that the Vietnam US relationship must make more practical contributions to each nation's goals of development, security, and prosperity, noting that the trust built over decades needs to be continually reinforced with concrete cooperation outcomes.

According to data from the Vietnam Customs, total bilateral trade reached approximately $137.42 billion as of the end of August 2026, up 23.4% from the same period in 2025.

The City of London is ready to support Vietnam and Ho Chi Minh City in particular in mobilising long-term capital, developing capital markets, promoting green finance and advancing financial technology to help build the Vietnam International Financial Centre (VIFC), including the Ho Chi Minh City branch.

Politburo Member and Minister of Foreign Affairs Le Hoai Trung and Indian Minister of External Affairs Subrahmanyam Jaishankar co-chaired the 19th session of the Vietnam - India Joint Commission Meeting on Trade, Economic, Scientific and Technological Cooperation.

Vietnam-Canada economic ties are expanding beyond goods trade towards deeper cooperation in investment, technology, energy and manufacturing, as both countries seek to diversify markets and supply chains, according to experts.

By 2025, 67 pharmaceutical companies exported drugs and raw materials totaling approximately $312 million, placing Vietnam fourth in Southeast Asia for pharmaceutical exports

The total number of cashless payment transactions exceeding 15 billion, with a combined value of more than VND190 quadrillion ($7.27 trillion)

Agricultural trade between Vietnam and the US is rising every year and hitting record levels, with initiatives in place and on the way to broaden product offerings and expand access further.

During his meeting with Governor-General of Australia Sam Mostyn in Canberra on August 11, General Secretary of the Communist Party of Vietnam and State President To Lam set a target to reach a bilateral trade turnover of $20 billion and to significantly increase two-way investment.