PM calls for swift, humane settlement of stalled projects
Progress demands strong determination, great effort, and decisive action, PM Pham Minh Chinh said, pressing for clearly defined roles, tasks, responsibilities, timelines, and authority to drive effective outcomes.
Hanoi (VNA) – Prime Minister Pham Minh Chinh called for swift and humane action to resolve the 2,981 stalled projects that are tying up critical resources while speaking at a national conference in Hanoi on July 17.
The projects, mired in legal and administrative snags, drag on the economy, with issues ranging from land use, management and planning disputes to potential misconduct and bureaucratic gridlock. While some projects are under the oversight of central authorities, the majority fall to local authorities to untangle.
In his speech, PM Chinh praised the recent moves by the Politburo, National Assembly, and Government to roll out pilot special policies and mechanisms to clear roadblocks in Hanoi, Ho Chi Minh City, Da Nang, Khanh Hoa, and Long An.
PM Pham Minh Chinh speaks at the event (Photo: VNA)
Over the past year, the Politburo’s Conclusion No. 77-KL/TW has already cleared impediments, allowing projects to resume and freeing up resources for the State, businesses, and citizens.
He underlined leadership lessons, sense of responsibility, and coordination among ministries, sectors, and localities, noting that Steering Committee 751, led by Permanent Deputy Prime Minister Nguyen Hoa Binh, was set up to take charge of the issue and local authorities were also ordered to set up task forces to tackle the backlog.
Progress demands stron💦g determination, great effort, and decisive action, he said, pressing for clearly defined roles, tasks, responsibilities, timelines, and authority to drive effective outcomes. That will help prevent wastefulness, capitalise on resources, and fuel development, contributing to the realisation o🍬f this year's growth target of 8.3–8.5%./.
PM Chinh said that after three years of implementing Resolution 18-NQ/TW on continuing to innovate and perfect institutions and policies, improving the effectiveness and efficiency of land management and use, and one year of enforcing the 2024 Land Law, the legal policies on land have been carried out synchronously, achieving positive results.
The Government leader called for specific amendments and supplements of tasks and measures to improve institutions and policies on land management and use, while stressing a need for the inclusion of solutions related to land allocation and lease, and land-use conversion.
Provincial-level administrations will be authorised to grant land use right certificates in a range of cases, including land area expansion due to boundary adjustments, reissuance of lost certificates, and revocation of improperly issued certificates.
Apartment prices in central HCM City have hit a record 600 million VND (23,500 USD) per sq.m, raising concerns over affordability and income disparity.
Corporate bonds — especially those issued via public offerings — are expected to regain momentum in the second half of 2025, buoyed by a mix of policy support and rising market demand.
Vinh Long province is home to 188 active foreign direct investment (FDI) projects from 24 countries, with a total registered capital of 5.74 billion USD, but none yet from Switzerland.
Under the cooperation agreement signed on July 16, the International Finance Corporation (IFC) will support Becamex IDC in conducting preliminary assessments for up to five industrial parks using the Global Eco-Industrial Parks Programme (GEIPP) certification framework.
An official of FTSE Russell has expressed confidence in a long-term partnership with Vietnam through 2045, when the country aims to emerge as a modern industrialised nation with a transparent, advanced and globally integrated financial market.
The SBV has so far issued a system of documents guiding the implementation of Basel, such as Circular 41/2016/TT-NHNN regulating the capital adequacy ratio for banks and foreign bank branches and Circular 13/2018/TT-NHNN regulating the internal control system of commercial banks and foreign bank branches. MB highly appreciates the SBV’s system of legal documents.
The nationwide adoption of E10 fuel aligns with Vietnam’s commitment to achieving net-zero emissions by 2050 and accelerating its transition to a low-carbon, sustainable energy model.
Retail fuel prices in Vietnam have seen a slight decrease as of 15:00 of July 17, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.
This diverse cooperation, spanning from sports to nuclear energy and high-tech, reflects the immense potential of the Vietnam-France comprehensive strategic partnership. Normandy's strengths align well with Vietnam's goal of becoming a modern industrial nation by 2045, solidifying its role as a strategic partner in the Asia-Pacific region.
The rise was driven by contributions from multiple regions, with Africa leading the charge at 130.8% increase compared to the same quarter last year. Europe contributed a solid 16% growth, while the Americas added 11.9% and Oceania contributed 8.9% to the overall increase.
According to the Vietnam Expressway Services Engineering Joint Stock Company (VECE), which operates the 55-km expressway, repairs began on July 15 and include replacement of expansion joints on the Long Thanh Bridge and maintenance of the expressway’s ITS.
Adopting circular practices is no longer optional but essential. This model, which reduces waste and reuses resources, is seen as vital to boosting productivity, protecting the environment, and improving farmers’ incomes.
Vietnam’s roadmap to establishing international financial centres (IFCs) hinges not only on planning, infrastructure and human capital, but above all, on attracting strategic investors, according to experts.
The event focused on strengthening bilateral cooperation in logistics, energy, technology, e-commerce, healthcare, and education. It also aimed to formalise strategic partnerships, improve legal frameworks, and connect resources among government agencies, enterprises, and startup support organisations from both countries.
Kumho Tire’s manufacturing facility in Vietnam has emerged as a strategic export hub for the Korean tire giant, driving growth in key international markets while showcasing remarkable progress in financial health.
With a total investment of 429 billion VND (about 16.4 million USD) and spanning 16,000 square meters, Go! Hung Yen is designed as a multi-functional commercial centre, aiming to meet the diverse needs of local consumers.
Vietnam’s credit conditions will remain stable in the second half of 2025, supported by proactive fiscal measures and ongoing institutional reforms, according to analysts of the Vietnam Investors Service (VIS) Rating, an affiliate of Moody’s.
Vietnam’s national pavilion at GDTE 2025 will span approximately 180 square metres and feature 15–20 standout enterprises in digital technology and e-commerce. Key sectors include information technology and digital transformation services such as augmented and virtual reality (AR/VR/XR/MR), artificial intelligence (AI) and large language models (LLMs), semiconductors, big data, cloud computing, blockchain, digital content, smart manufacturing, IoT, and related technologies.
In conjunction with the launch, AirAsia is offering promotional one way fares starting from only 1,790 THB (55 USD). Tickets can be booked from July 16–27, 2025 for travel between July 28 and October 24, 2025 via AirAsia MOVE or www.airasia.com.
