On March 5, Prime Minister Pham Minh Chinh urged for enhanced administrative restructuring and efforts to maintain macroeconomic stability targeting over 8% GDP growth by 2025. Vietnam also committed to supporting Laos in establishing a UN peacekeeping force and participated in the UN resolution commemorating WWII’s end. The launch of Vietship 2025, a tourism stimulus program in Da Nang, and FDI growth indicate a focus on economic development and international partnerships.
On March 5, Prime Minister Pham Minh Chinh called on ministries and local authorities to enhance the organization of administrative units and maintain macroeconomic stability, aiming for at least an 8% GDP growth rate by 2025. During a government meeting, he emphasized that achieving this target requires unwavering efforts from all sectors.
In discussions on defense cooperation, Vietnam pledged its support to Laos in forming a UN peacekeeping force, as confirmed by General Nguyen Tan Cuong and General Saichay Kommasith during their talks on March 5.
Also on March 4, the UN General Assembly adopted a resolution commemorating the 80th anniversary of the conclusion of World War II. Vietnam co-authored this resolution, which not only honors the end of the war but also calls for peaceful resolutions to international disputes.
The 10th International Exhibition on Shipbuilding and Offshore Technology (Vietship 2025) commenced in Hanoi on March 5, with expectations to sign contracts worth up to $60 million. Featuring over 200 booths, the exhibition showcases significant international participation from countries with established maritime industries.
According to the Foreign Investment Agency, Vietnam’s foreign direct investment (FDI) reached $6.9 billion in the first two months of 2025, reflecting a 35.5% increase compared to last year. FDI disbursement is estimated at about $2.95 billion, a 5.4% rise from the previous period.
Party General Secretary To Lam emphasized the need to streamline administrative procedures to foster a more attractive business climate. He urged a reduction of at least 30% in time and costs to enhance Vietnam’s investment environment, targeting a position among the top three in ASEAN within the next few years.
HawaExpo 2025 was launched in Thu Duc city, showcasing local furniture and wooden products aimed at export markets. The trade fair celebrates Vietnam’s cultural heritage through innovative designs and features prominent domestic brands in the industry.
Cuban Minister of Domestic Trade Betsy Diaz Velazquez expressed her eagerness to collaborate with Vietnamese businesses to develop joint ventures that cater to Cuba’s domestic market. She assured favorable conditions for Vietnamese investors looking to establish partnerships in manufacturing and trade.
Da Nang city unveiled a tourism stimulus program dubbed “Enjoy Da Nang 2025 – Diverse Experience,” designed to attract visitors with various events and incentives throughout 2025, as reported during a press conference on March 4.
In summary, the events of March 5 reflect Vietnam’s commitment to economic growth, international cooperation, and enhanced foreign investment. The Prime Minister’s directives aim to streamline administrative processes, while the country’s active role in defense collaborations with Laos and participation in global commemorations highlight its diplomatic engagement. Additionally, significant trade exhibitions and local initiatives emphasize enhancing Vietnam’s economic landscape and tourism appeal.
Original Source: en.vietnamplus.vn
