Garment and textile sector seeks new growth after volatile year

The apparel sector is in a final sprint to complete its 2025 targets, with total export value estimated at $46 billion, against the backdrop of sharp fluctuations in the global market.

Although this figure falls short of the original $48 billion target, it still represents a 5.6 per cent increase on-year, helping Vietnam retain its position among the world’s top three garments and textiles exporters.

“A shortfall of $2 billion was unavoidable in 2025 due to a series of disruptions stemming from global market shifts and international policy changes,” said Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), at a press conference in Hanoi on December 10.

Garment and textile sector seeks new growth after volatile year

Escalating US-China trade tensions have pushed up tariffs on many textile-based products, while a complex geopolitical environment has directly affected global orders and purchasing power. On the demand side, consumers have continued to tighten spending, forcing manufacturers to accept smaller orders with faster delivery requirements and compressed production timelines.

This has significantly eroded profit margins. Businesses have had to constantly juggle fragmented orders, adjust production plans and increase investment to meet green standards and traceability requirements to retain international clients.

The business picture at Thanh Cong Textile Garment Investment Trading JSC (TCM) clearly reflects the sector’s growing divergence. Over the first 10 months of the year, TCM recorded profits approximating $9.5 million, down 2 per cent on-year, while revenue came to around $120.1 million, a decline of 5 per cent.

Its operating cash flow for the first nine months contracted approximately $3.8 million, compared with a positive $12.2 million in the same period last year. Even so, the company has secured additional orders through the first quarter of 2026, supported by seasonal holiday demand and a competitive edge as the US imposes higher tariffs on imports from several other exporting countries.

“As profit margins narrow and cash flows weaken, the industry is being forced to reassess internal capabilities, from production organisation to the level of autonomy within supply chains,” said Cao Huu Hieu, general director of the Vietnam National Textile and Garment Group, noting that the sector’s most enduring challenge remains dependence on imported raw materials.

The yarn segment totally relies on imported cotton, along with 90-95 per cent of fibres and a wide range of chemicals and dyes, posing a major risk should the US tighten tariffs on products with a high proportion of third-country origin.

According to VITAS, the Middle East and Africa are emerging as new growth destinations for Vietnamese garments and textiles exports, as traditional markets become increasingly volatile.

In the Middle East alone, the sector’s exports generated around $1 billion in 2024 and reached $700 million in just the first seven months of 2025. These results highlight the industry’s adaptability, as Vietnamese firms not only defended their mass-market segments but also gradually moved into higher value-added product lines with greater technological and design content.

Alongside export market expansion, many local garment manufacturers, including foreign-backed firms, are accelerating overseas investments.

Currently, nearly 30 companies in the sector have established a presence in Indonesia, Myanmar, and parts of Africa, South Asia, and Latin America. Pioneers such as May Song Hong and Phong Phu International Textile Group are gradually building multinational production networks, enhancing competitiveness and gaining greater resilience against global shocks.

“The multi-site production model allows companies to spread political and trade risks, optimise labour and transportation costs, and strengthen their reputation and ability to retain international customers,” said Vu Duc Giang, chairman of VITAS.

In practice, labour costs at factories in countries such as Indonesia and Egypt are significantly lower than in Vietnam, offering a clear advantage in product pricing.

Beyond labour considerations, many host countries enjoy favourable trade relations with major markets, with low or even zero tariffs, allowing firms to benefit from preferential treatment at the export stage. In addition, logistics costs and access to raw materials in some markets are better aligned with long-term production scale expansion strategies.

“We are gradually reducing our reliance on the US market, which is particularly vulnerable to policy shifts and tariff changes,” said Tran Nhu Tung, chairman of the Board at TCM.

Instead, TCM is intensifying its focus on the EU and markets covered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership to capitalise on tariff incentives and access orders with higher technical requirements.

This strategy is expected to help TCM protect profit margins, improve cash flow in the short term, and create additional growth momentum from late 2025 into the first half of 2026.

Textile apparel firms see mixed performance Textile apparel firms see mixed performance

Amid a rebound in momentum, businesses in the textile and apparel sector have delivered a mixed business picture so far this year.
Apparel sector players being proactive to surmount hard times Apparel sector players being proactive to surmount hard times

Despite being bottomed-out, textile and garment firms remain prudent in business performance for the rest of this year to weather stormy times.
Garment giants post robust Q1 profits despite global trade headwinds Garment giants post robust Q1 profits despite global trade headwinds

Vietnamese textile apparel producers saw impressive profit growth in the first quarter (Q1) of 2025, signaling a strong recovery in the sector.

Tien Phong Plastic ready for a new growth cycle

Tien Phong Plastic ready for a new growth cycle
Chu Van Phuong, general director of Tien Phong Plastic JSC

At the Sustainable Development 2025 Conference on November 27 in Hanoi, Chu Van Phuong, general director of Tien Phong Plastic JSC, said that in the plastics industry, continuous innovation is essential. Technology evolves rapidly, and tomorrow will always be different from yesterday, which is why Tien Phong Plastic has always considered the updating of machinery and production lines as a matter of survival.

All plastic pipe manufacturing equipment meets the latest global standards, enabling higher productivity, energy savings, and reduced material loss. This foundation has helped the company maintain its market-leading position for decades, from its establishment in 1960 to today.

Reflecting on the company’s 65-year development journey, Phuong said that the enterprise has grown on the basis of technological innovation, the use of eco-friendly materials, and continuous optimisation of production processes.

“Tien Phong Plastic’s green strategy is demonstrated through its proactive shift towards environmentally friendly raw materials and chemicals. The company is among the first in Vietnam to pioneer the use of green materials in plastic pipe production,” he said. “At the same time, all scrap generated along the production line is reused internally, with nothing discharged into the external environment, significantly reducing solid waste.”

Along with advancements in technology and materials, Tien Phong Plastic strictly adheres to regulations on solid waste treatment and workplace environmental standards. This governance approach has continuously earned recognition from numerous domestic and international organisations.

In August, the company’s products received the four-leaf Green Mark certification (the highest level in the system) from the Singapore Green Building Council. This acknowledges the company’s persistent efforts and affirms the quality standards of Tien Phong-branded plastic pipes.

“The greatest benefit of investing in green technology goes beyond reduced operating costs, it lies in market trust. Major developers such as Vingroup, Sun Group, and Vinaconex have prioritised Tien Phong Plastic’s products for their projects,” Phuong emphasised.

“Developers highly value Tien Phong Plastic’s emerging role in manufacturing environmentally friendly products. This is the competitive advantage that green technology brings,” he added.

Tien Phong Plastic ready for a new growth cycle
Tien Phong Plastic was honoured for its contribution to sustainable development at the conference

The brand has also been honoured with many major awards, including State-level distinctions such as the Labour Hero Medal and the Order of Independence, national and regional recognitions. Tien Phong Plastic is also one of only two Vietnamese enterprises to have twice received prestigious Asia-level awards from international organisations.

Beyond technology, the company is currently working with consulting firms to conduct a comprehensive review of operations and assess alignment with environmental, social, and governance (ESG) criteria. Although the full ESG framework is not yet complete, Phuong believes the current assessment has already revealed many opportunities for improvement and future capacity building.

“Based on our working sessions with consultants, we found that two factors are decisive: the leadership’s vision and genuine commitment, along with a sufficiently standardised system of processes to ensure that all activities are controlled and continuously improved,” Phuong said.

He noted that ESG is a long-term journey requiring persistence, but the earlier a company begins, the greater its advantage in competition and in meeting international standards. “Technological innovation is no longer just a requirement of the times, it is a condition for long-term survival. Without innovation, we will fall behind immediately,” Phuong noted.

From the perspective of a 65-year-old brand, his message also serves as a reminder to the wider business community of their responsibility to the environment and the sustainable future of Vietnam’s materials industry.

Siemens leads technology transformation towards sustainability in Vietnam Siemens leads technology transformation towards sustainability in Vietnam

Siemens is harnessing advanced digital technologies and AI to drive global sustainability, enhancing efficiency, reducing emissions, and supporting Vietnam’s transition towards a smarter, cleaner future.
Green manufacturing insights and transformations: SABECO's path to industry leadership Green manufacturing insights and transformations: SABECO’s path to industry leadership

In an era when global market forces, consumer expectations, and national emphasis converge towards sustainability, green manufacturing has shifted from a corporate aspiration to an economic imperative. For Vietnam, this shift is especially urgent, and highly strategic.
Experts weigh in on Vietnam's sustainability progress and future priorities Experts weigh in on Vietnam’s sustainability progress and future priorities

A panel discussion hosted by VIR saw experts assess Vietnam’s sustainability progress and offer recommendations to speed up its green transition on November 27.

AkzoNobel: from painting walls to painting the future

Sustainability is moving beyond a trending concept to become a defining principle of architecture and design. The question is no longer whether beauty and environmental responsibility can coexist, but how they can harmonise within our living spaces. As one of the world’s leading manufacturers in paints and coatings, AkzoNobel is at the forefront of this transformation, bringing forward fresh perspectives and practical solutions to the urgent challenges of climate and community wellbeing.

Wijnand Bruinsma, director of sustainability at AkzoNobel, directly leads these efforts. He focuses on driving climate change mitigation strategies, community projects, and product innovations to reduce the industry’s carbon footprint. In this conversation, he shared his candid and practical insights on balancing aesthetics with sustainability, and how collaboration and technology are shaping the future of design.

AkzoNobel: from painting walls to painting the future
Wijnand Bruinsma, director of sustainability at AkzoNobel

What recent initiatives has AkzoNobel led to address climate change?

Over the past 45 years, the average global temperature has risen by nearly 1 °C. That might sound like a small number, but it’s actually immense, as we have only about one more degree to spare over several centuries. Meanwhile, atmospheric carbon levels have increased by roughly 25 per cent, leading to severe impacts like natural disasters and heat stress. This shows that climate change is not just a headline, but a tangible reality that directly affects our lives.

The world will face even greater challenges ahead, and I firmly believe that businesses play a central role in moderating climate impact. At AkzoNobel, we have set two major ambitions.

Within AkzoNobel operations: Our 130 manufacturing sites worldwide aim to cut carbon emissions by 50 per cent by 2030, compared with 2018 levels. By the end of last year, we had already achieved a 41 per cent reduction and are moving closer to our target this year.

Across our entire value chain: Beyond internal operations, we also aim for a 50 per cent emissions reduction among our suppliers and customers by 2030 (taking 2018 as our baseline).

These are complex tasks, but we are making steady, measurable progress.

In your opinion, are cross-sector research and collaboration the ideal solutions for environmental challenges?

When it comes to sustainability, the most important keyword is collaboration.

First, collaboration must happen within the company. Different departments, from marketing to research and development and supply chain, each see emerging trends and challenges from unique angles. What matters is connecting these insights to develop actionable solutions.

Next is partnership with direct partners who are our customers, suppliers, and neighbouring businesses⁠ to drive change together.

And the third level, which is both the most complex and the most critical, is collaboration across the entire value chain. We work closely with green building councils, non-governmental organisations, and policymakers because no single entity can provide a complete solution to environmental challenges on its own.

What role do technology and innovation play in realising AkzoNobel’s sustainable solutions?

At AkzoNobel, we are applying a range of modern technologies. With the number of professional painters declining globally, we’ve started using robots to handle wall painting. In research and development, we are experimenting with quantum computing to shorten the development process for paint formulation. We’ve also launched Coatings AI in our powder coatings business. This tool uses AI to help customers optimise paint usage and minimise waste while maintaining surface protection.

In regions with specific climates, such as Southeast Asia, what sustainable solutions is AkzoNobel focusing on to meet local market needs?

For wall paints and coatings in Southeast Asia, I would emphasise two key points: first, reducing heat and improving climate resilience; and second, contributing positively to human health and wellbeing. These are the two core priorities when developing sustainable products for this region.

Many Asian cities are already hot and are getting hotter due to the urban heat island effect. To address this, we have developed KeepCool Technology, which reflects sunlight and lowers the surface temperatures of buildings by up to 5 °C compared with conventional paint solutions. That translates to a 15 per cent reduction in air-conditioning energy use, achieved through a paint layer less than one millimetre thick.

AkzoNobel: from painting walls to painting the future
The Dai Lanh Lighthouse, one of three lighthouses renovated under AkzoNobel’s “Lighthouse Protection Campaign”, was protected by Dulux Weathershield, a premium exterior paint with the ultimate protection against harsh weather

We’ve also created paint products capable of absorbing volatile organic compounds (VOCs) such as formaldehyde. This helps to improve indoor air quality for urban residents.

What role do paints and coatings play in creating spaces that are both beautiful and sustainable?

Some might wonder, how can something less than a millimetre thick make a difference in sustainability and climate resilience? I believe this is the superpower of paints and coatings. They not only bring aesthetic value but also contribute to improving air quality, reducing heat buildup, and even protecting buildings for years. This is crucial when the construction industry accounts for nearly 40 per cent of global carbon emissions.

Through advanced technologies, AkzoNobel’s goal is to prove that even a thin coating can make a lasting impact on health, the environment, and the community.

AkzoNobel: from painting walls to painting the future
AkzoNobel is proud to protect the exterior of Grand Marina Saigon, including windows, facades, and sunshades, with Interpon D2525 powder coatings

Could you share some projects that illustrate AkzoNobel’s approach to sustainability, especially those connected to the community?

In Vietnam, we have participated in preserving coastal lighthouses and renovating 14 decorating schools, giving children better spaces to learn and grow. In Indonesia, one of our most meaningful projects involved repainting a school canteen entirely in yellow. That simple change drastically reduced the number of flies, thereby improving hygiene and student health.

To me, that is the true power of paint, and especially of colour. A single coat can change behaviour, enhance wellbeing, and elevate quality of life. And that’s why I believe sustainability is not just a concept, but a journey of tangible benefits for society.

AkzoNobel launches campaign to drive sustainable wood manufacturing AkzoNobel launches campaign to drive sustainable wood manufacturing

AkzoNobel Wood Finishes has rolled out a new regional campaign, highlighting practical steps for wood product manufacturers to boost efficiency and cut emissions.
AkzoNobel introduces air-purifying Dulux paint to Vietnam AkzoNobel introduces air-purifying Dulux paint to Vietnam

AkzoNobel has introduced Dulux Ambiance AirFresh, a premium interior paint designed to purify indoor air and promote healthier living spaces.
AkzoNobel secures Vietnam's first LEED Gold factory certification AkzoNobel secures Vietnam’s first LEED Gold factory certification

AkzoNobel is setting a new benchmark for sustainable manufacturing in Vietnam’s paints and coatings industry, reaffirming its global commitment to green innovation and environmental responsibility.

European expertise to boost Vietnam’s sustainable logistics push

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What makes Vietnam an attractive destination for European investment in sustainable port development?

Vietnam is rapidly modernising its infrastructure, positioning itself as a strategic logistics hub in Southeast Asia. The country’s investment in deepwater ports, expressways, and intermodal connectivity reflects a clear ambition to become a gateway for regional trade. Projects like the Lien Chieu Port in Danang and the expansion of Lach Huyen terminals in Haiphong and Cai Mep terminals in Ho Chi Minh are designed to handle ultra-large vessels and integrate with global shipping routes.

European expertise to boost Vietnam’s sustainable logistics push
Photo: EuroCham

For European investors, Vietnam offers a compelling mix of strategic location, political stability, and a young, hard-working and tech-savvy workforce. The government’s commitment to green port development and its alignment with international standards related to environmental, social, and governance (ESG) principals make it an attractive destination for sustainable investment. Vietnam’s EU-Vietnam Free Trade Agreement further enhances its appeal by reducing trade barriers and promoting regulatory alignment.

How can sustainable port operations drive economic growth while helping Vietnam meet its net-zero goals?

Ports are the backbone of Vietnam’s export-driven economy, contributing significantly to GDP and employment. Sustainable port operations – such as electrified cargo handling, shore power systems, and smart traffic management – enhance efficiency while reducing environmental impact.

By adopting green port models, Vietnam can increase throughput capacity, reduce operational costs, and attract high-value international cargo. Such improvements support economic growth while aligning with Vietnam’s net-zero commitment. The shift towards sustainability also opens doors to climate finance, green bonds, and technology transfer from European partners such as Maersk.

European expertise to boost Vietnam’s sustainable logistics push
Photo: EuroCham

What practical steps can Vietnamese businesses take to make their supply chains more sustainable and ethical?

Vietnamese businesses, regardless of size, can make their supply chains greener by investing in green energy generation, such as installing solar panels on buildings and plants where possible, and improving energy efficiency through upgrades to LED lighting and the use of electric vehicles in warehouses and fleets.

They can also engage suppliers by encouraging upstream partners to adopt ESG standards, supported by training or incentives, while advancing circular logistics by reducing packaging waste and promoting reuse whenever feasible.

Ethical supply chains also require transparency, fair labour practices, and community engagement. European buyers such as Ikea and Zara increasingly demand ESG compliance, making sustainability not just a moral imperative but a competitive advantage.

How can European best practices in green logistics be effectively implemented in Vietnam?

APM Terminals, as part of Maersk, has pioneered green transformation globally in our portfolio of over 60 ports – through electrified equipment, data-driven operations, and carbon-neutral targets. In Vietnam, these practices are being adapted through a series of targeted initiatives.

First, pilot projects are introducing electric cranes and automated gate systems at key terminals, such as the Hateco Haiphong International Container Terminal strategic partnership.

Second, local partnerships allow close collaboration with Vietnamese authorities and suppliers to tailor solutions to local conditions.

Finally, dedicated training initiatives are helping upskill Vietnamese port workers in green operations and digital tools. Measurable progress includes reduced fuel consumption, shorter vessel turnaround times, shorter truck turnaround times and lower carbon intensity per container. These results demonstrate that global standards can be localised effectively, with strong operator commitment and local stakeholder engagement.

How are logistics companies using digitalisation to drive both efficiency and environmental sustainability?

Digitalisation is a powerful enabler of sustainability, especially for resource-constrained logistics firms.

AI and predictive analytics can optimise routes, reduce idle time, and forecast demand more accurately. Automation allows robots to plan operations with optimal energy consumption, and the extensive use of sensors enables automated facilities to save on lighting costs due to the much-reduced need for human eye recognition in operations.

Digital twins support the simulation of port operations to test energy-saving scenarios before implementation. Meanwhile, cloud-based platforms enhance collaboration across supply chains and reduce paper-based processes. By combining digital and green strategies, companies can cut costs, improve resilience, and meet ESG targets. Government incentives for digital adoption – such as tax breaks and training subsidies – can further accelerate this twin transition.

European expertise to boost Vietnam’s sustainable logistics push
APM Terminals’ fully automated and zero-carbon terminal in the Netherlands. Photo: EuroCham

What impact will upcoming regulations and green standards have on the operations of logistics businesses?

Sustainability is becoming a regulatory and market access requirement, instead of a voluntary choice. In Vietnam and globally, upcoming standards are set to reshape the logistics and export landscape. Carbon reporting mandates will require the disclosure of Scope 1, 2, and eventually Scope 3 emissions.

ESG compliance for exporters, particularly alignment with EU regulations such as the Carbon Border Adjustment Mechanism, will help strengthen brand reputation and improve access to global markets. Additionally, green port certifications will benchmark environmental performance and unlock opportunities for green finance. These regulations will reshape logistics operations – from procurement to delivery.

Stronger public–private partnerships are essential to navigate this shift. Government can provide policy clarity, infrastructure funding, and regulatory alignment, while foreign investors bring capital, technology, and global networks. Local enterprises contribute market knowledge and execution capability. Together, they can build a resilient, green logistics ecosystem. At APM terminals, we have seen two proven examples in our Cai Mep and Haiphong partnerships in the last two decades.

How does APM Terminals see its role in advancing sustainable logistics in Vietnam, and what opportunities do platforms like Green Economy Forum (GEF) 2025 offer to support this vision?

At GEF 2025, APM Terminals aims to convey a clear message: green logistics is not just possible – it is profitable, scalable, and urgent. We will showcase our commitment below for our existing businesses and future initiatives in Vietnam by investing in sustainable infrastructure, such as low-emission terminals and smart port technologies; fostering inclusive growth by creating jobs, empowering local communities, and supporting small- and medium-sized enterprises; and driving collaborative innovation by partnering with Vietnamese stakeholders to co-develop solutions.

GEF is a vital platform to bridge European investors and Vietnamese policymakers. It fosters dialogue, trust, and actionable partnerships. By aligning on shared goals – economic growth, environmental stewardship, and regional connectivity – we can turn ambition into impact.

GEF 2025, co-hosted by EuroCham and VIETRADE under the Ministry of Industry and Trade, took place on November 27 in Hanoi. The event featured one high-level plenary session, nine thematic conferences, three technical workshops, and one exclusive networking evening, fostering constructive dialogues between policymakers, business leaders, and innovators to advance Vietnam’s green transition across sectors.

EuroCham to host green economy forum EuroCham to host green economy forum

The European Chamber of Commerce in Vietnam (EuroCham) will host the Green Economy Forum (GEF) 2025 in Hanoi on November 27.
EuroCham honours pioneers of sustainable growth in Vietnam EuroCham honours pioneers of sustainable growth in Vietnam

The European Chamber of Commerce in Vietnam (EuroCham) gathered government partners, international investors, and business leaders to celebrate business excellence and sustainable innovation at its annual Gala Dinner & Business Awards.
Financing the future: how EU–Vietnam cooperation can power green transformation Financing the future: how EU–Vietnam cooperation can power green transformation

As Vietnam and the EU navigate climate pressures and shifting global trade, the central challenge is how to mobilise capital, innovate, and collaborate for a green and resilient economy. Erick Contreras, vice-chair of EuroCham Vietnam, talked to VIR’s Bich Thuy about how European businesses are helping fuel Vietnam’s green transformation, and how platforms such as the Green Economy Forum 2025 are key to deepening cooperation.

Airlines race to patch Airbus A320/A321 fleets

Airlines race to patch Airbus A320/A321 fleets

In an announcement on November 28, the European aircraft manufacturer said the updates affect a significant portion of the A320 family fleet, prompting airlines to review operations and prepare for possible short-term changes to flight schedules as the checks and modifications are carried out.

According to a preliminary assessment, analysis of in-service aircraft indicates that a significant number of A320 family jets could be affected and may require immediate precautionary action.

An emergency airworthiness directive issued by the European Union Aviation Safety Agency requires affected airlines to implement the modification before their next flight, effective from 23:59 UTC on November 29.

Airlines race to patch Airbus A320/A321 fleets

Based on this foundation, Airbus has released a notice to operators, requesting immediate precautionary action through the available software and/or hardware updates.

The incident is expected to lead to operational disruptions for passengers globally at the weekend. In Vietnam, 63 planes of Vietnam Airlines and 65 planes of Vietjet are thought to be affected.

Airlines race to patch Airbus A320/A321 fleets
Airbus and FPT deepen digital partnership Airbus and FPT deepen digital partnership

Airbus signed a new supplier agreement with leading Vietnam-based technology and IT services provider FPT on June 11 to strengthen their long-standing collaboration.
Vietjet places new order for 100 A321neo aircraft Vietjet places new order for 100 A321neo aircraft

Vietjet and aircraft manufacturer Airbus on June 17 announced a major new order for 100 A321neo aircraft, with the potential to add another 50 in the future.
Vietjet orders 100 Airbus A321neo aircraft Vietjet orders 100 Airbus A321neo aircraft

Vietjet has made a significant order for 100 Airbus A321neo aircraft, marking a new milestone in UK-Vietnam ties.

New phase launched to support women-led ventures

New phase launched to support women-led ventures

On November 30 in Hanoi, local authorities convened a conference to assess the achievements of Project 939 – which backed female-led startups from 2017 to 2025 – and to introduce Project 2415, a new scheme aimed at supporting women entrepreneurs from 2026 to 2035. The event connected virtually with 34 locations across Vietnam and featured a ceremony honouring standout women-led cooperatives of 2025.

Project 939 has delivered strong results over its eight-year implementation. Nearly $16.8 million was mobilised from the state budget, including just under $3 million at the central level and about $13.8 million from provincial and municipal sources. This was supplemented by $8 million in socialised funding, with close to $1.4 million contributed centrally and more than $6.3 million at local level. All targets were met, with several surpassed, demonstrating the effectiveness of the programme in supporting female-led entrepreneurship.

“The scheme has raised women’s awareness and ignited their aspirations, thereby sparking the growing female entrepreneurial movement. It has provided practical support in capital, knowledge, and skills, facilitating hundreds of thousands of women confidently starting up their businesses,” said Nguyen Thi Tuyen, president of the Vietnam Women’s Union.

Speaking at the conference, Caroline T. Nyamayemombe, the United Nations Women country representative in Vietnam, stated, “UN Women is proud to work alongside the Vietnam Women’s Union, providing technical support, advocacy tools, gender-responsive budgeting, and global knowledge sharing. We have witnessed Vietnamese women turning ideas into businesses, villages into thriving cooperatives, and challenges into opportunities.”

Nguyen Thi Phuong Thao, chairwoman of Sovico Group, noted that entrepreneurship has never been easy, especially for women, saying, “Many women still have to juggle work and family, social expectations, and the pressure to make a living, especially disadvantaged women, ethnic minority women, and women in remote areas.”

New phase launched to support women-led ventures
Nguyen Thi Phuong Thao, chairwoman of Sovico Group

Comprehending the challenges, Thao said, “Enterprises such as Sovico, Vietjet, HDBank, and Vikki Digital Bank are committed to supporting the Vietnam Women’s Union – to increase women’s access to capital, enhance digital capabilities, build startup ecosystems, and offer training, networking, and leadership programmes for women in business across the country.”

“We have seen women starting businesses from small home kitchens, women selling goods on digital platforms from remote villages, and mothers caring for children while building business models. Women are truly the ‘silent warriors’ of the private economy–quiet yet resilient contributors to growth, innovation, and national prosperity. And society’s mission today is to give women the opportunity to shine,” she said.

“Project 939 has been a source of motivation for Vietnamese women. When women rise, families thrive, communities grow stronger, and the nation becomes more prosperous,” added Thao.

Addressing the conference, Prime Minister Pham Minh Chinh said, “This event is significant in celebrating effective models and honouring outstanding women. At the same time, it sets out the direction, tasks, and solutions for implementing Project 2415 in the period ahead, with a progressive spirit and long-term strategic vision. The goal is to meet new demands and build a dynamic, connected, and sustainable ecosystem to support women’s entrepreneurship.”

New phase launched to support women-led ventures

PM Chinh commended distinguished female entrepreneurs, including Thao, and congratulated women-led enterprises such as Vietjet and Vinamilk for extending their reach to international markets and participating in global value chains.

“Women play a central role as an essential component of society,” said the prime minister. “Women are also a revolutionary force that has made a significant contribution to Vietnam’s glorious victories throughout its heroic history of nation-building and defence. No matter where they are, in any circumstances, or in any position, Vietnamese women always strive to overcome all adversities, prejudices, and obstacles, strongly promoting traditions and good qualities.”

The PM added that women are the keepers of the warmth in every family and pioneers in creating sustainable social values, directly contributing to national development.

Vietjet inspires and empowers women to soar in aviation Vietjet inspires and empowers women to soar in aviation

Vietjet demonstrated its unwavering commitment to sustainable development and gender equality at the 2025 Women in Aviation International-Singapore Chapter (WAI-SG) Gala Dinner held on October 16.
Vietnamese women taking flight in aviation industry Vietnamese women taking flight in aviation industry

Ahead of Vietnamese Women’s Day, the Civil Aviation Authority of Vietnam and Boeing co-hosted a seminar on sustainable human resource development in aviation, focusing on gender diversity and long-term workforce growth.
Vietjet completes Airbus A320/A321 updates ahead of deadline Vietjet completes Airbus A320/A321 updates ahead of deadline

Vietjet has completed urgent software and hardware updates on its A320/A321 fleet, finishing ahead of schedule and reinforcing its safety standards.

Czech enterprises strengthen presence

A Czech-Vietnamese business forum held on November 20 in Hanoi coincided with the visit of Miloš Vystrčil, President of the Senate of the Parliament of the Czech Republic, to Vietnam on November 18-22.

Czech enterprises strengthen presence
Vietnam is a gateway for Czech enterprises seeking to expand into Asia, Photo: Le Toan

“Vietnam remains a very appealing destination for investors, and Czech businesses feel this too. For 75 years, our relationship has been strong and enduring, far apart, yet always close,” said Vystrčil at the forum. “This year marks the 75th anniversary of Vietnam-Czech diplomatic relations. I hope that our countries can continue to maintain and further strengthen this enduring friendship.”

Vystrčil emphasised that the Czech Republic serves as a gateway for Vietnamese goods to enter the European market, while Vietnam plays an equally important role as a bridge for Czech enterprises seeking to expand into Asia.

The complementary strengths of the two countries, a well-developed industrial and technological base in the Czech Republic and a dynamic, fast-growing market in Vietnam, create broad opportunities for trade, investment, and knowledge exchange, particularly in energy, innovation, science and technology, and other high-potential sectors, he added.

Nguyen Anh Tuan, deputy director of the Foreign Investment Agency under the MoF, highlighted the long-standing and close nature of bilateral relations. The Czech Republic was among the first 10 countries worldwide to establish diplomatic ties with Vietnam, and one of the first EU members to sign the Vietnam-EU Free Trade Agreement.

“The Czech Republic is a leading partner for Vietnam in employment cooperation and economic engagement with Central and Eastern Europe, while Vietnam remains the Czech Republic’s top partner in economic, trade, and investment cooperation within ASEAN,” he noted.

Despite decades of solid relations, current bilateral investment remains below the potential achievable between the two countries. Both sides are encouraged to take proactive measures to deepen collaboration in sectors where each enjoys a competitive advantage.

During the forum, Czech enterprises also expressed interest in exploring deeper partnerships with Vietnamese counterparts, signalling a growing appetite for collaboration beyond traditional trade channels.

Nguyen Manh Tung, CEO and Founder of Czech Viet, a company connecting businesses and organisations, highlighted the growing interest of Czech companies in the Vietnamese market. Many are seeking partners, investment opportunities, and avenues for business expansion, reflecting a broad and increasingly active space for bilateral collaboration.

“Being of Vietnamese origin, I see the potential for stronger economic and trade ties between our two countries,” Tung said. “Our work focuses on facilitating connections, supporting companies in navigating both markets, and encouraging sustainable investment and knowledge exchange that benefits businesses on both sides.”

He stressed that successful cooperation requires more than trade alone. Czech Viet acts as a bridge, helping businesses identify suitable partners, understand local practices, and optimise their investment strategies to maximise opportunities in both countries.

“Our aim is to support projects that contribute to long-term, mutually beneficial cooperation between Vietnam and the Czech Republic, particularly in sectors such as energy, automotive, healthcare, IT, and environmental management, where both countries have complementary strengths,” Tung added.

Tien Phong strives for a greener plastics industry

During the Sustainable Development 2025 conference in Hanoi on November 27, Tien Phong Plastic was honoured for its contributions in this area.

Tien Phong strives for a greener plastics industry
Tien Phong Plastic has received accolades for its efforts towards a greener industry

“Throughout its development journey, we have consistently updated and adopted the world’s latest technologies, machinery, and equipment. This has significantly improved labour productivity and achieved effective energy savings,” said Chu Van Phuong, general director of Tien Phong Plastic.

The company is proud to be one of the first enterprises in Vietnam to pioneer the use of environmentally friendly chemicals and raw materials that are safe for health, Phuong added.

“We reuse 100 per cent of the waste generated during production and are committed to zero solid waste discharge into the external environment. The treatment of solid waste and other types of waste strictly complies with state regulations,” Phuong said at the conference.

Along with improving production processes, Tien Phong Plastic has also acquired technology transfers from international corporations to develop products that meet global standards. Products such as double-wall corrugated PP pipes, spiral-core uPVC pipes, and specialised products for drainage systems have been exported to numerous international construction projects.

Thanks to a comprehensive implementation of solutions, from technology and raw materials to the working environment, its product lines were awarded 4-Tick certification by the Singapore Green Building Council in August, deemed the highest level for green building materials.

The international certification confirms that the company’s products meet the strictest standards in energy efficiency, use of renewable resources, water management, green space development, improvement of living environment quality, and minimisation of ecological impact. It also reflects the company’s strategic vision of creating sustainable green value alongside safe, modern, and environmentally friendly construction projects.

The certification serves as a powerful lever for Tien Phong Plastic to expand its market share in green projects, smart cities, and modern infrastructure. It aims to become a billion-dollar enterprise by 2035 and further establish its position on the global green industry map.

In October, the company was honoured to again receive the 2025 Asia-Pacific International Quality Award at the World Class level – the highest recognition for quality and corporate governance. In the 25 years since the award’s inception, only two Vietnamese enterprises have received this award twice.

“This achievement opens wider doors for the company to reach further on the international stage, strongly affirming that Vietnamese brands possess the capability and potential to compete globally, lead trends in green, sustainable, and integrated development in the construction sector, and spread value across multiple industries.” Phuong said.

Tien Phong Plastic has innovated technology, modernised production lines, used 100 per cent safe and environmentally friendly raw materials, and applied advanced management systems such as ISOs. It has also implemented waste treatment solutions, recycling up to 80 per cent of used water back into production. All factories uniformly apply 5S, Lean Six Sigma, and OEE practices to save energy, reduce emissions, increase productivity, and create a safe and employee-friendly working environment.

“The company has also integrated environmental, social, and governance criteria throughout its production and business activities, a crucial step to meet increasingly stringent global requirements while demonstrating its commitment to sustainable development, where economic benefits are inseparable from environmental and social responsibility,” Phuong explained.

The company’s pioneering efforts in applying green solutions and moving towards carbon-neutral production have been recognised through the trust of domestic and international partners. It is currently a strategic partnership with major global and local corporations. In addition, top investors and developers such as Vingroup, Sun Group, Coteccons, and Newtecons consistently trust and prioritise the brand’s products.

Tien Phong Plastic’s products are exported to markets such as Australia, New Zealand, Japan, and Germany, alongside trademark protection in China, Myanmar, and Thailand.

Fly to Con Dao from 0 VND with Vietjet mega promotion

Fly to Con Dao from 0 VND with Vietjet mega promotion

The offer is available from now until December 4 on www.vietjetair.com and the Vietjet mobile app, applicable to travel dates from December 4 to March 28, 2026 (*).

Accordingly, Vietjet will operate one return flight per day on each route. Specifically, the flights will depart from Ho Chi Minh City at 11:00 and arrive in Con Dao at 11.40. In the opposite direction, the flights depart from Con Dao at 09.20 and arrive in Ho Chi Minh City at 10:05. For the Hanoi –⁠ Con Dao route, the flights depart from Hanoi at 06:45 and arrive in Con Dao at 08:55. In the opposite direction, the flights depart from Con Dao at 12:05 and arrive in Hanoi at 14:20.

From December 15, the frequency on both routes will increase to two return flights daily, offering even more convenient travel options for residents and visitors.

Fly to Con Dao from 0 VND with Vietjet mega promotion

Con Dao is an ideal destination for those seeking tranquillity and untouched natural beauty. Beyond its crystal-clear waters, lush forests, and slow-paced lifestyle, the island preserves many significant historical landmarks, allowing travellers to better understand an important chapter of the nation’s past.

To ensure a seamless journey to this exceptional destination, Vietjet operates a modern fleet, provides quality service, and offers competitive fares –⁠ delivering a comfortable and enjoyable flying experience to Con Dao, a land rich in history and breathtaking landscapes.

(*) The promotion does not apply during peak travel periods.

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5G and AI to shape next phase of digital economy

At VIR’s digital economy development conference held on November 25, policymakers, businesses, and experts discussed the solutions to unlock AI and 5G prospects to support the country’s digital economy development.

The event heard that 5G is bringing a clear competitive advantage to pioneering countries such as India and Malaysia, and expect this to happen to Vietnam as the government encourages network operators to speed up 5G deployment.

Seck Yee Chung, vice president of the Singapore Chamber of Commerce in Vietnam said 5G and AI together presents an extraordinary, time-sensitive opportunity for the region to leapfrog into a future shaped by intelligent connectivity, digital sovereignty, and inclusive growth.

“When integrated with AI, 5G becomes the infrastructure of innovation, enabling smart factories, precision agriculture, immersive education, AI-powered healthcare, and climate-resilient infrastructure,” Chung said.

5G is providing a competitive edge to countries like India and Malaysia, with governments creating the enablers. India has rolled out the fastest 5G networks, achieving 90 per cent 5G coverage in just 21 months. Today, India has 394 million 5G subscriptions and the highest data consumption globally, at 36 GB per month per active smartphone user. Government recognition of the need for digital infrastructure, effective spectrum allocation and management, and strong support for simplified deployment rules has enabled India to carry this out.

In Malaysia, the DNB network has become a global showcase for 5G. Based on the government’s commitment to leverage 5G to drive Malaysia’s leadership in the region, the country is enjoying more than 80 per cent coverage, one year ahead of schedule. As in the case of India, full 5G coverage is expected to create a GDP uplift of up to RM150 billion ($36.3 billion) by 2030 in Malaysia.

In Vietnam, since the first commercial 5G network was launched in October 2024, all major operators have provided the service, aiming to cover almost the entire population in the coming years.

Nguyen Phong Nha, deputy general director of the Authority of Telecommunications under the Ministry of Science and Technology, said that Vietnam’s telecommunications network currently has advanced technology equivalent to that of developed countries. Currently, the 5G network is widely covered and the fiber optic cable system reaches every village.

“Network operators are ready to cooperate with enterprises to deploy telecommunications application services on 5G networks through virtual network models. This is an opportunity for technology enterprises, and startups to deploy applications for all industries such as smart seaports, smart transportation, and online public services,” Nha said.

Hoang Van Ngoc, director of Strategy at Viettel, said that there are four major trends: AI use, the cloud, data mining and analysis, and innovation on digital platforms and data ecosystems. Ngoc noted that the government’s target is 30 per cent of GDP contribution from the digital economy, while the digital economic growth rate in Vietnam is already among the highest in the region, about 25-30 per cent per year.

“We have a dynamic and open government that promotes institutional change and a desire for transformation,” Ngoc said. “We have a large digital subscriber base and modern telecommunications infrastructure, and we have a high-quality workforce in the IT sector compared to the regional average.”

More importantly, Vietnam has transformed itself from a consumer of digital products to a producer of digital products, and can move towards exporting because of the advantages, Ngoc added.

However, Dong Manh Cuong, head of the Business School at British University Vietnam, said that as new technology platforms develop rapidly, the shortage of hybrid human resources becomes more evident. They must be able to operate blockchain-based financial models, optimise supply chains based on real-time data from 5G, or develop new fintech services.

“Vietnam’s biggest challenge today is not a lack of personnel, but a lack of the right people at the intersection of business and technology – people who are capable of turning technology into productivity, efficiency, and real economic value for businesses and the digital economy,” Cuong explained.