Vietnam News Today (Oct. 3): Vietnam Braces for New Tropical Storm

Vietnam News Today (Oct. 3): Vietnam, Mongolia seek to boost multifaceted cooperation; Da Nang trade connection conference highlights export opportunities; Vietnam’s global role, growth renewal in spotlight at VNEF 2025; Science, technology, and innovation to shape Vietnam’s future.
October 03, 2025 | 09:23
Vietnam News Today (Oct. 1): ADB Raises Vietnam’s Economic Growth Forecast to 6.7% in 2025
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Vietnam News Today (Oct. 3) notable headlines

Vietnam, Mongolia seek to boost multifaceted cooperation

Da Nang trade connection conference highlights export opportunities

Vietnam’s global role, growth renewal in spotlight at VNEF 2025

Science, technology, and innovation to shape Vietnam’s future: WB Country Director

Vietnam braces for new tropical storm - Matmo

Vietnam to play hosts Saudi Arabia in 2026 AFC U23 Asian Cup

Hanoi seminar outlines future directions for Vietnam – US relations

Vietnam moves toward 2030 SDGs with strong progress in poverty reduction

Da Nang promotes cooperation with Germany’s Chemnitz City

National Assembly (NA) Vice Chairman Sen. Lieut. Gen. Tran Quang Phuong (right) and Chairman of the State Great Khural of Mongolia Dashzegve Amarbayasgalan (Photo: VNA)
National Assembly (NA) Vice Chairman Sen. Lieut. Gen. Tran Quang Phuong (right) and Chairman of the State Great Khural of Mongolia Dashzegve Amarbayasgalan (Photo: VNA)

Vietnam, Mongolia seek to boost multifaceted cooperation

During his working visit to Mongolia from September 30 to October 3, National Assembly (NA) Vice Chairman Sen. Lieut. Gen. Tran Quang Phuong has held talks and meetings with leaders of the State Great Hural (Parliament) of the country, during which the two sides agreed to expand bilateral cooperation across various fields.

In October 1 talks with the Vietnamese guest, Deputy Chairman of the State Great Hural (Parliament) of Mongolia Bukhchuluun Purevdorj said that the visit will help promote bilateral cooperation and parliamentary ties between the two countries.

He hailed Vietnam’s foreign policy, which treasures relations with traditional friends and partners. He thanked Vietnam for maintaining the 70-year cooperative relationship, affirming that Mongolia supported Vietnam during its struggle for independence in the past, and stands by the Southeast Asian nation throughout its current development process.

Purevdorj affirmed that the Mongolian parliament is ready to act as a focal point to promote and facilitate Vietnamese businesses’ investment in Mongolia, especially in potential sectors such as food and meat processing.

Showing his impression of Mongolia’s “Vision 2050," Phuong briefed the host on Vietnam’s reform efforts aimed at achieving the country’s 100-year development goals through strategic breakthroughs. He affirmed that Vietnam and Mongolia have always been important friends and partners as they pursue development objectives, cited VNA.

Sharing the Mongolian legislator’s view that bilateral trade remains below its potential, Phuong noted that the two countries have complementary economic structures and full conditions to promote cooperation in trade and agricultural processing. He stated that Vietnam is ready to sign a new investment promotion and protection agreement with Mongolia.

The Vietnamese legislator also proposed enhancing Vietnam–Mongolia cooperation in defense and security, including military technology, the defense industry, UN peacekeeping, law enforcement, and crime combat. He suggested signing a memorandum of understanding on cooperation between the two parliaments in accordance with the new framework of the relationship.

The two sides noted that Vietnam–Mongolia relations are at their strongest in 70 years and developing rapidly under the comprehensive partnership established one year ago. They agreed to cooperate in implementing agreements reached by their senior leaders during the state visit to Mongolia by Party General Secretary and State President To Lam in 2024.

They stressed the need to enhance the exchange of parliamentary and law-making experience, and promote collaboration across politics, defense, security, economy, trade, investment, science and technology, agriculture, culture, education, tourism, and people-to-people interaction.

Meeting with the Vietnamese legislator on the same day, Chairman of the State Great Hural (Parliament) of Mongolia Dashzegve Amarbayasgalan stressed that Phuong’s trip contributes to the development of bilateral relations, especially in political and economic fields, as well as cooperation between the two legislative bodies.

The Vietnamese guest highlighted the fruitful development of bilateral relations, noting enhanced political trust, closer cooperation between ministries and sectors, more active delegation exchanges and people-to-people interactions, initial progress in economic cooperation, and increasingly substantive parliamentary relations.

Phuong stressed that the Vietnamese NA will work closely with the Mongolian Parliament to concretise the comprehensive partnership framework and promote practical, effective, and comprehensive bilateral cooperation.

For his part, Amarbayasgalan affirmed that the Mongolian Parliament is striving to improve the legal system, enhance transparency, and create a favourable investment environment for investors, including those from Vietnam, in agriculture, electricity, processing, mining, and manufacturing.

On the occasion, Phuong received Chairman of the Vietnam-Mongolia Friendship Parliamentary Group (VMFPG) Judagiin Bayarmaa, and had a meeting with representatives from the Vietnamese community in the country.

Da Nang trade connection conference highlights export opportunities

The 2025 Da Nang Trade Promotion and Export Conference was held on October 2, aiming to strengthen cooperation with localities at home and abroad, support enterprises in deeper integration into global supply chains, and spur export growth for both the central city of Da Nang and Vietnam.

In his opening speech, Da Nang People’s Committee Vice Chairman Ho Quang Buu noted that after its recent merger, Da Nang has become one of the country’s largest urban centers, covering nearly 12,000 square kilometers and home to over 3 million people.

The city also boasts key infrastructure including two airports, two Class-I seaports, the Nam Giang international border gate, and major transport links along the North-South axis and the East-West Economic Corridor. These advantages position Da Nang not only as a central economic hub but also as a future regional gateway for goods and services.

Notably, the establishment of a nearly 1,900-hectare free trade zone directly connected to Lien Chieu Port, the international airport, high-tech park, and international financial center has created new development space, shaping a dynamic ecosystem of trade, industry, and services.

During the past eight months of this year, Da Nang’s total import-export turnover hit more than US$5.9 billion, up nearly 13% from a year earlier. Its goods are now exported to over 120 countries and territories, with key products including textiles, seafood, wood items, handicrafts, machinery, and electronics, according to VOV.

Overview of the conference  (Photo: congthuong.vn)
Overview of the conference (Photo: congthuong.vn)

Municipal leaders emphasized that the conference serves as a platform for domestic and foreign businesses to meet, explore partnerships, and expand markets, while also promoting Da Nang’s potential and advantages to international partners.

During the event, delegates will be updated on global trade trends and Vietnam’s export promotion strategies for 2025–2030, as well as product and market diversification, regional connectivity, and logistics solutions linked to the new free trade zone. Vietnamese commercial counselors in the US, China, and Indonesia will also brief participants on market developments.

On the occassion, enterprises will sign cooperation agreements and memoranda of understanding, and an exhibition will present export products from 39 Da Nang businesses.

Vietnam’s global role, growth renewal in spotlight at VNEF 2025

Vietnam is on the threshold of becoming a developed nation, Deputy Prime Minister Ho Duc Phoc has said, stressing the importance of renewing the growth model, fostering new drivers of growth, and building a resilient, sustainable economy capable of withstanding global fluctuations.

Speaking at the Vietnam New Economy Forum (VNEF) 2025 on October 2, the Deputy PM noted that the Politburo has recently issued four crucial resolutions which lay the foundation and driving force for national development. These serve as a compass for Vietnam in the new era of transformation, aiming to build a fast-growing, independent, self-reliant, and innovative economy that proactively engages in deep international integration.

To realise this vision, he underlined, Vietnam must secure raw material supplies, master technology, develop high-quality human resources, and diversify markets. More importantly, the country must firmly embed itself into global value chains, adopt modern governance models, and make effective use of domestic potential and resources.

Given the fast-changing and complex global landscape, he said, it is essential for Vietnam to strengthen integration, harness internal strengths, and enhance its role and value within global value chains to consolidate the economy’s resilience.

Deputy Prime Minister Ho Duc Phoc speaks at the Vietnam New Economy Forum (VNEF) 2025. (Photo: VNA)
Deputy Prime Minister Ho Duc Phoc speaks at the Vietnam New Economy Forum (VNEF) 2025. (Photo: VNA)

The Deputy PM also expressed hope for candid, objective, and insightful recommendations from experts, scholars, and policymakers at home and abroad to help improve the State’s mechanisms, policies, and solutions in a practical and effective way.

Nguyen Thanh Nghi, Head of the Party Central Committee’s Policy and Strategy Commission, stressed that after nearly 40 years of “Doi moi” (Renewal), Vietnam has made historic achievements, becoming a dynamic economy while improving people’s material and spiritual lives. To meet future development requirements and achieve strategic goals, he said, it is necessary to build a new growth model based on knowledge, science and technology, and innovation.

He proposed that the forum focus discussions on refreshing traditional growth drivers; enhancing the efficiency of exports, public investment, and selective FDI attraction; expanding the domestic market; and identifying solutions to create new growth momentum, according to VNA.

VNEF 2025 centered on three main topics: the new economic context and its urgent requirements; renewing the export growth model and Vietnam’s position in global value chains; and strengthening internal capacity while fostering linkages between economic sectors and business communities.

Science, technology, and innovation to shape Vietnam’s future: WB Country Director

Science, technology, and innovation will shape Vietnam’s future, its standing in the world and the lives of its people for decades to come, told World Bank (WB) Division Director for Vietnam, Cambodia and Lao PDR Mariam J. Sherman.

The WB official highlighted the above information while addressing the forum on promoting innovation and developing strategic technology sectors which took place in Ha Noi on October 2.

Sherman said, landmark reforms, particularly Resolution No. 57, have shown the country's commitment and determination to fostering the development of science, technology and innovation.

Vietnam has real advantages, a young, talented workforce, macroeconomic stability, a strategic location in Asia's growth corridor and a proven ability to learn and adapt.

She proposed a simple "three-plus-one" formula – as detailed in the WB's latest and first-of-a-kind report on talent and innovation for Vietnam's semiconductor industry.

The formula rests on three core pillars, including skilled workforce and top tech talent, an innovation ecosystem that brings together academia, Vietnamese and FDI firms, and the government, and deepening supply chain linkages between domestic and FDI firms, cited VGP.

World Bank (WB) Division Director for Viet Nam, Cambodia and Lao PDR Mariam J. Sherman - Photo: VGP/Quang Thuong
World Bank (WB) Division Director for Viet Nam, Cambodia and Lao PDR Mariam J. Sherman - Photo: VGP/Quang Thuong

According to Sherman, Vietnam has laid important groundwork. In 2025, it ranks 44th out of 139 economieson the Global Innovation Index-among the fastest climbers for its income level and Ho Chi Minh City is already one of Southeast Asia's most dynamic innovation hubs.

"We are here today, in the Hoa Lac High Tech Park. Imagine it 10 years from now as the center of an innovation cluster for advanced manufacturing-semiconductors, advanced biomedicine, robotics and automation", she told.

The cluster could bring together research institutes, universities, technology and training providers, as well as factories of the future in one ecosystem. From training, R&D, initial prototyping to full-scale production, the complete manufacturing journey would be possible right here, underlined the WB Director.

Such clusters are powerful magnets for talent and ideas. They inspire young people in Vietnam to pursue careers in science and technology, and they attract more of the Vietnamese diaspora to bring their skills and networks back home.

This journey requires a whole-of-nation effort, in which government, businesses, academia, and international partnerseach play a vital role. The government sets the vision, creates enabling policies, and provides seed-funding; universities work with industry to train the workforce and conduct R&D; and international partners bring global expertise and financing.

The WB is actively aligning its support to the priorities to help Vietnam unlock its tremendous high-tech potential, Sherman emphasized.

Vietnam braces for new tropical storm - Matmo

The National Center for Hydro-Meteorological Forecasting (NCHMF) has issued warnings of heavy rain, strong winds, and high waves as a tropical depression strengthened into a storm early on October 2, with the potential to make landfall in mainland Vietnam.

As of 7:00 a.m. on October 2, the system in the eastern waters of the Philippines intensified into a tropical storm, internationally named Matmo. The storm was packing maximum sustained winds of 62–74 km/h, gusting up to 102km/h.

Matmo is currently moving west-northwest at a speed of 15–20 km/h and is expected to enter the East Sea late on October 3, becoming the 11th storm of the year in the regional waters, reported VOV.

Tropical storm Matmo is heading toward the mainland of Vietnam. (Photo: VNDMS)
Tropical storm Matmo is heading toward the mainland of Vietnam. (Photo: VNDMS)

Due to the storm’s influence, from the afternoon of October 3, the eastern part of the northern East Sea will experience increasing winds of 39-61km/h, intensifying to 62-74km/h and reaching 75-102km/h near its center. Waves could rise between 4 to 6 meters, causing very rough seas.

Between October 4 and 5, strong winds of 103-149km/h may affect the northern part of the East Sea, including the Hoang Sa (Paracel Islands) of Vietnam. All vessels operating in the affected areas are at risk of encountering thunderstorms, waterspouts, strong winds, and large waves.

Storm Matmo is anticipated to affect Vietnam’s mainland. Between October 5 and 7, widespread heavy rainfall is expected across the northern and north-central provinces.

The National Steering Committee for Civil Defense has issued a directive requesting local authorities from Quang Ninh to Lam Dong to closely monitor weather forecasts and storm developments, proactively implement preparedness measures, and adjust production plans to ensure safety for people and property.

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