Vietnam Prime Minister assigns work to 5 deputy PMs
Prime Minister Pham Minh Chinh has assigned work to his five deputies, with Nguyen Hoa Binh as standing Deputy Prime Minister.
Previously, on Monday, the National Assembly, Vietnam’s highest legislative body, approved the appointment of Nguyen Hoa Binh, Ho Duc Phoc and Bui Thanh Son as Deputy PMs for the 2021-2026 term.
Following the appointments, the cabinet now includes PM Pham Minh Chinh and five Deputy PMs: Nguyen Hoa Binh, Tran Hong Ha, Le Thanh Long, Ho Duc Phoc and Bui Thanh Son.

Nguyen Hoa Binh, Vietnam's standing Deputy Prime Minister. Photo courtesy of the National Assembly's news portal.
Under a prime ministerial decision released on Wednesday, Binh will be on behalf of the Prime Minister to direct the Government’s affairs when the PM is absent and is authorized by the PM.
He will direct works related to investment and planning; macroeconomic forecasts and policies; developing types of businesses; collective and cooperative economy; preventing and fighting crimes, smuggling, trade fraud and corruption; inspecting and resolving complaints and denunciations; ethnicity and religion issues; emulation and rewards; administrative reform; and digital transformation.
The standing Deputy PM is also in charge of amnesty and judicial reform; coordinating work between the Government and the Supreme People’s Court/the Supreme People’s Procuracy; and giving in-principle approvals for projects within his authority in the assigned fields.
Binh will oversee the Ministry of Planning and Investment, Ministry of Home Affairs, Government Inspectorate, Ethnic Committee, and Government Office, among some other assignments.

Deputy Prime Minister Tran Hong Ha. Photo courtesy of the National Assembly's news portal.
Deputy Prime Minister Tran Hong Ha retains part of his current work and has some new assignments.
He is in charge of transportation; traffic order and safety; construction resources and environment; climate change; agriculture and rural development; flood and storm-related prevention, control, search and rescue; national, regional and provincial master plans.
Ha will direct key national projects within his authority in the assigned fields; economic zones, industrial parks, and export processing zones; general mechanisms and policies on bidding; and give in-principle approvals for projects under his authority in the assigned fields.
He will also direct the Ministry of Transport, Ministry of Construction, Ministry of Natural Resources and Environment, Ministry of Agriculture and Rural Development, Vietnam Academy of Social Sciences, Hanoi National University, and Ho Chi Minh City National University.

Deputy Prime Minister Le Thanh Long. Photo courtesy of the National Assembly's news portal.
Deputy Prime Minister Le Thanh Long retains his current duties, except that he no longer holds the concurrent position of Minister of Justice.
Long will direct the building of institutions and a socialist rule-of-law state; international disputes and complaints; education and training; labor, employment and social issues; hunger eradication and poverty reduction; culture, tourism, fitness, sports; health, population, family and children issues; and gives in-principle approvals for projects within his authority in the assigned fields.
He in charge of the Ministry of Justice, Ministry of Education and Training, Ministry of Labor, War Invalids and Social Affairs, Ministry of Health, and Ministry of Culture, Sports and Tourism.

Deputy Prime Minister Ho Duc Phoc. Photo courtesy of the National Assembly's news portal.
Deputy Prime Minister Ho Duc Phoc will direct the areas of finance and prices; currency, banking; capital market and stock market; financial investment sources; State reserves; State budget expenditures, use of State budget reserves, financial reserve funds, foreign exchange and other State funds; issuance of government bonds; salary and social insurance policies; reorganization and reform of state-owned enterprises.
Phoc is responsible for general mechanisms and policies related to public asset management and information-communication issues. He concurrently holds the position of Minister of Finance until there is replacement.
He is in charge of the Ministry of Finance, Ministry of Information and Communications, State Bank of Vietnam, Commission for the Management of State Capital at Enterprises, Vietnam Social Insurance, National Financial Supervisory Commission, Vietnam Bank for Social Policies, Vietnam Development Bank, and Deposit Insurance.

Deputy Prime Minister Bui Thanh Son. Photo courtesy of the National Assembly's news portal.
Deputy Prime Minister Bui Thanh Son is in charge of most of the work that former Deputy PM Tran Luu Quang was responsible for.
He will monitor the fields of diplomacy and foreign relations; official development assistance (ODA) and preferential loan mobilization; foreign non-governmental aid, foreign non-governmental organizations; international integration; negotiations and implementation of bilateral and multilateral international commitments.
Son is also in charge of foreign direct investment (FDI), Vietnam’s overseas investment, the country’s relations with international and regional organizations; border work and East Sea and island issues; issues related to Vietnamese people abroad and foreigners in Vietnam; human rights; industry; trade and im-export; petroleum storage and supply; logistics services; energy security, using energy economically and effectively; science and technology.
Along with holding the position of Minister of Foreign Affairs, Son will oversee the Ministry of Industry and Trade, Ministry of Science and Technology, and Vietnam Academy of Science and Technology.
- Read More
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7