Vietnam's National Assembly on Wednesday approved raising the economic growth target for this year and backed major infrastructure projects, including a rail link to China and the construction of the country's first nuclear power plants.

Billionaire investor Elon Musk’s SpaceX has secured entry into Vietnam with its Starlink satellite internet service as U.S. tariff tensions

Vietnam plans to allow Elon Musk’s Starlink (STRLK) satellite internet service to operate within its borders, marking a significant development in its telecommunications landscape, Reuters reported, citing a regulations draft and people with knowledge of the matter.

Vietnam plans to adopt rules that would allow Elon Musk's Starlink to provide satellite internet services in the country while maintaining full ownership of any local subsidiary, a draft of the regulations shows.

Vietnam’s sudden policy shift reflects its nervousness about Donald Trump’s tariff threats and aims to reduce Hanoi’s trade surplus with Washington.