The summary of economic diplomacy work in 2025

Prime Minister Pham Minh Chinh chairs the online meeting with the Ambassadors and Heads of Vietnamese representative offices abroad to summarize economic diplomacy work in 2025 and make a plan for the task implementation in 2026.

At the Hung Yen provincial bridge point, the meeting saw the presence of Mr. Le Quang Hoa, Member of the Standing Board of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee; and leaders of several provincial departments and agencies.

Delegates attend the meeting at the Hung Yen provincial bridge point.

Representatives from various departments and agencies attend the meeting at the Hung Yen provincial bridge point.

2025 marks a significant leap forward in Vietnam's comprehensive foreign policy, with approximately 75 diplomatic activities of key leadership, upgrading diplomatic relations towards a more substantive and effective approach with 17 countries, and signing over 350 cooperation agreements on economics, trade, investment, science and technology, and new growth drivers (2.5 times higher than in 2024). This includes proactively attracting investment from leading global economic and technology corporations, focusing on such sectors as processing, manufacturing, professional activities, and science and technology, yielding important achievements. Vietnam is among the top 15 countries with the largest trade volume in the world, with total import and export turnover expected to exceed US$900 billion in 2025. This result marks a significant development for the economy, with trade volume increasing nearly ninefold in just 18 years since joining the WTO. It contributes to creating strong momentum to promote Vietnam's economic, trade, and science and technology relations with its partners. Along with this, international cooperation in science and technology has achieved tangible results in many aspects, such as: supporting localities and businesses in international economic integration, promptly resolving obstacles and difficulties, protecting the interests of Vietnamese businesses abroad; actively participating and making substantive contributions to multilateral forums, contributing to protecting and boosting the country's interests.

In Hung Yen, in 2025, the foreign affairs and investment promotion activities have been strengthened by the province with many delegations of provincial leaders to important partner countries; actively participated in high-level foreign affairs activities of the Party and State leaders, focused on connecting businesses, attracting investment, and expanding economic cooperation. With its favorable investment environment, convenient transportation, and synchronized technical infrastructure, Hung Yen has become a preferred choice for investors from over 20 countries and territories in recent years, including Japan, South Korea, China, France, the United States, and Germany. To date, the province has 941 active foreign direct investment projects with a total registered investment capital of approximately US$17.25 billion; and 15 foreign non-governmental organizations are operating, effectively contributing to the province's socio-economic development.

At the conference, representatives from Vietnamese overseas agencies, localities, and business associations presented their experiences and proposed solutions to improve economic diplomacy in the future.

Prime Minister Pham Minh Chinh delivers a speech at the conference.

In his concluding remarks at the conference, Prime Minister Pham Minh Chinh acknowledged and highly appreciated the achievements in economic diplomacy, contributing to economic growth and a 37-rank increase in the happiness index over the past five years. Regarding the implementation of economic diplomacy tasks in 2026, the Prime Minister emphasized the need to focus on such key tasks as: Implementing and concretizing new and important policies of the Party and State on economic diplomacy; promoting economic, trade, investment, and science and technology cooperation; creating breakthroughs for traditional growth drivers, especially trade, investment, labor, and tourism; creating and boosting new growth drivers; prioritizing support for localities and businesses, especially small and medium-sized enterprises, in international economic integration and cooperation with major global technology corporations; and promoting Vietnamese products and brands abroad. To maximize the potential, strengths, and new development spaces of the locality in the context of implementing a two-tier local government system, especially by promoting cooperation and learning from international experiences to meet new requirements in infrastructure management and planning.