business news

Update news business news

Sugary drinks, alcohol, and cigarettes to face higher taxes in Vietnam

Lawmakers have approved a new tax regime targeting public health risks like sugary beverages, tobacco, and alcohol.

Vietnam unveils 34-province economic rankings: HCMC remains #1

With over USD 100 billion in GRDP, HCM City leads post-merger economy; Tay Ninh and Lam Dong rise fast.

Vietnam ends SJC monopoly: What’s next for the gold market?

Gold bar production to open up under draft decree, raising hopes for a more competitive market.

Vietnam leads globally in AI hiring interest, Microsoft reports

91% of business leaders in Vietnam are exploring AI-specific roles, outpacing global trends.

Vietnam to scrap flat tax model for household businesses by 2026

The Finance Ministry plans to eliminate the flat tax, citing fairness and transparency concerns, with all businesses required to file self-declared taxes.

Vietnam advances plan for global financial centers in HCMC and Da Nang

The National Assembly debated a bold plan to establish financial hubs in HCMC and Da Nang with advanced regulatory frameworks.

Chinese traders buy 4,000 tons of Bac Giang lychees in 10 days

Vietnam's lychee exports to China surge, with 4,000 tons sold in just 10 days amid strong early-season demand.

THACO’s challenge: VND23 trillion yearly for high-speed railway project

THACO’s ambition to undertake the $67 billion North-South high-speed railway project faces a daunting financial challenge.

Vietnam ends monopoly, opens gold imports: Prices to fall below 100M VND?

New draft regulations could allow more gold producers, pressuring prices toward the 100M VND/tael mark.

Outlook for Vietnam's banks in 2025 remains stable

The overall banking sector’s profitability in 2025 is forecast to improve slightly, with return on assets (ROA) increasing from 1.55% to 1.60%.

Binh Duong promotes hi-tech cooperation with Taiwanese group

Binh Duong is always ready to closely coordinate with prestigious international investors in the technology sector, a local leader told an executive of MiTAC, a Taiwan-based technology multinational.

Gold market to become more competitive as gold bullion monopoly ends

Eligible banks and enterprises will be licensed to import raw gold and produce bullion — a function that, until now, has been exclusively assigned to a single entity.

Goods trade via Lao Cai border gates surges to 240 million USD in May

Since the beginning of 2025, cumulative trade value through Lao Cai border gates has approached 944.4 million USD.

Vietnam’s economy sees positive signals in five months

Despite challenges, Vietnam recorded positive econnomic signals during the first five months of 2025 as the Government stays steadfast in the growth target of over 8% this year and double-digit expansion beyond.

Vietnam bets on two cities for one international financial center

Vietnam’s upcoming international financial center will follow a “one center, two destinations” model, operating jointly from Ho Chi Minh City and Da Nang.

MoIT supports traditional market vendors in digital transformation

The initiative is expected to unlock new opportunities for traditional vendors, helping them improve business capabilities, align with the national digitalisation trend and contribute to the robust growth of e-commerce in Vietnam.

Vietnam shines at Asia’s gemstone festival in Geneva

Vietnam made a vibrant impression at the "Jewels of Asia" Festival held on June 11 at the World Intellectual Property Organisation (WIPO) headquarters in Geneva, Switzerland.

Sun PhuQuoc Airways Co. Ltd to receive air transport licence

Sun PhuQuoc Airways, invested with 2.5 trillion VND (about 98.81 million USD), plans to build a fleet of 31 aircraft by 2030.

Overuse of fertilizer linked to cadmium residue in Vietnamese durians

Excessive use of fertilizers in durian cultivation has been identified as a major cause of cadmium residue in exported fruit, according to Nguyen Quang Hieu, Deputy Director of the Department of Crop Production and Plant Protection.

Budget phones lead sales in Vietnam, but iPhone 16 Pro Max holds strong

In Vietnam’s top 5 best-selling smartphones of Q1 2025, only one premium device made the list: Apple’s iPhone 16 Pro Max.