VIETNAM, INDIA PLAN DIGITAL CORRIDOR TO BOOST BILATERAL TRADE TO US$25 BILLION
Plans to establish a bilateral digital corridor and connect cross-border payment infrastructure between India’s UPI system and Vietnam’s NAPAS network are expected to become a breakthrough solution for businesses in both countries to accelerate trade flows and help lift bilateral trade to US$25 billion by 2030. The strategic initiative was unveiled at the Vietnam – India Cross-Border E- Commerce Business Forum held on May 18 in Noida City, Uttar Pradesh State, India.
VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS
Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.
HCMC TARGETS TRACEABILITY FOR 60% OF VEGETABLE FARMS BY 2030
Under a plan recently issued by the HCMC government on developing concentrated safe vegetable production zones through 2030, the city will maintain 5,500 hectares of vegetable farmland, equivalent to 35,000 hectares of cultivated area based on crop rotation, with expected output reaching around 880,000 tons annually.
REAL ESTATE FIRMS ACCELERATE BOND SALES
Real estate businesses have stepped up corporate bond issues on the primary market, with value in April surging more than 110% compared to the same period last year. According to a bond market report released by the Vietnam Bond Market Association (VBMA), based on data available as of May 8, one corporate bond issue worth VND2 trillion and belonging to the real estate sector was recorded in early May.
HCMC TARGETS RETURN OF OFFSHORE MARITIME FINANCE FLOWS
The center is positioned as one of the four core pillars of VIFC-HCMC. The initiative is intended to financialize assets and cash flows tied to Vietnam’s marine economy infrastructure. The total value of goods passing through HCMC’s port system is estimated at more than US$1 trillion a year. Despite hosting major transshipment hubs, 80-90% of financial transactions linked to these cargo flows are still conducted in Singapore and Hong Kong (China).
VIETNAM, CAMBODIA TARGET US$20 BILLION IN BILATERAL TRADE BY 2030
Vietnam and Cambodia are aiming to raise bilateral trade to US$20 billion by 2030 by promoting formal trade channels, improving logistics infrastructure, and accelerating expressway projects leading to international border gates. The strategy was discussed by government agencies and businesses from both countries at a trade promotion conference for southern Vietnam held in Dong Thap Province on May 15.
HANOI UNVEILS 100-YEAR VISION WITH US$200 BILLION GRDP TARGET
Hanoi has unveiled an ambitious long-term urban development plan targeting gross regional domestic product (GRDP) of around US$200 billion and per capita income of at least US$18,800 by 2035. Under Decision No. 2512/QD-UBND recently signed by the city government, the capital city aims to develop into a leading financial, trade and innovation hub in the Asia-Pacific region across a planned area of more than 3,359 square kilometers.
VIETNAM SEEKS HIGHER-QUALITY FOREIGN INVESTMENT
Vietnam will shift from mass foreign direct investment (FDI) attraction to a more selective approach focused on high technology, innovation and stronger links with domestic firms, Deputy Prime Minister Nguyen Van Thang said. Speaking at the Vietnam Connect Forum 2026 on May 13, the deputy prime minister emphasized that new-generation FDI should go beyond manufacturing and market expansion to help Vietnam create greater value, build new capabilities and strengthen its position in global supply chains.
