Vietnam Pursues Multi-pronged Approach to Boost Investment, Enhance Economic Growth and International Cooperation

Vietnam is actively pursuing a multi-pronged strategy to accelerate economic growth and deepen its engagement with the international community. The nation has been briefing global investors on its macroeconomic outlook, fiscal and monetary policy direction, and public debt management plans, highlighting its growth potential. The real estate market, particularly commercial property, is seen as having significant room for expansion compared to regional counterparts. Strong Vietnam-Russia ties and opportunities to establish foreign-invested enterprises are also considered favorable for Russian investors. In the energy sector, Petrovietnam Gas Joint Stock Corporation (PV GAS), a member of Vietnam National Industry - Energy Group (Petrovietnam), is exploring broader cooperation with ENEOS Xplora Inc. in the gas and liquefied natural gas (LNG) value chain and energy projects. B.Grimm Power has established a notable portfolio in renewable energy and LNG-fired power, developing solar power projects with a combined capacity of around 677 MW and continuing to participate in other renewable energy projects. Regarding infrastructure development, the Civil Aviation Authority of Vietnam has proposed accelerating investment in a parallel taxiway system and a connecting taxiway north of Runway No. 2 at Phu Quoc International Airport, to connect with a planned aircraft maintenance and repair facility (hangar) in the northern area of the airport. Sun Group is investing approximately 500 billion VND to upgrade Terminal 1 (T1) at Phu Quoc's aviation gateway, increasing its annual passenger capacity to around 9 million. Technology transfer is also deemed crucial for the North-South high-speed railway project, with cooperation sought from foreign enterprises and partners in the sector. In financial markets, as of the end of June 2026, Vietnam had 43 fund management companies and 141 securities investment funds. Including entrusted investment portfolios, total assets under management by fund management companies reached approximately 846 trillion VND (over 32.5 billion USD). The 31st Asia Securities Forum Annual General Meeting (ASF AGM 31) will feature a dedicated session on Vietnam under the theme “Investing in Vietnam – Rising in a New Era.” It is expected to bring together representatives of international financial institutions, regional securities associations, experts, and leaders of domestic businesses. Diplomatically, the state visit to Canada by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam is expected to inject fresh momentum into bilateral economic cooperation. In the US, President To Lam met with leaders of three major groups – Warburg Pincus, Boeing and Apple – in New York on the afternoon of September 21 (local time) to strengthen ties. In India, from September 20-22, Vietnamese Ambassador to India Trinh Minh Manh and an Embassy delegation held meetings with Tamil Nadu authorities, trade promotion agencies, and businesses to promote investment, trade, industrial, and technology cooperation. Vietnam has undergone remarkable changes since the 1986 Đổi Mới economic reforms, overcoming prolonged wars and severe socio-economic difficulties. Economists suggest that tax policy should be leveraged as a lever which channels investment toward technology, research and development, supporting industries, and enhancing supply capacity, as the country aims for sustained growth. Source: VietnamPlus English