business news

Update news business news

Big push for Vietnam to escape middle-income trap: Int'l institutions

The World Bank (WB) has urged Vietnam to take urgent action to adapt to climate change, in addition to its policy recommendations to improve public investment efficiency, strengthen accountability, and enhance the legal framework.

Two energy hubs to be developed

Vietnam needs an estimated sum of 3.3 quadrillion VND (136 billion USD) for electricity generation and power grid development in 2025-30 period.

HCM City welcomes new wave of US investments

The continuous influx of investment proposals from US technology corporations is a positive signal, demonstrating HCM City’s strong appeal to high-quality capital, especially in technology and real estate sectors.

2025 lychee harvest set for bumper crop

As VN gears up for a bumper lychee harvest in 2025, estimated to reach 303,000 tons, the agricultural sector, in coordination with localities, is proactively deploying measures to enhance fruit quality, expand markets, and boost exports.

Auto firms push back on 2030 emissions roadmap

Manufacturers fear waste and cost under new emissions rules without matching fuel supply.

Vietnam manufacturing rebounds after US tariff policy impacts

According to S&P Global, Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose to 49.8 in May from 45.6 in April, remaining just below the 50-point threshold. The reading signals a near-return to stable operating conditions.

Several banks plan to list share on stock exchanges

The drive toward listing is part of a broader strategy among banks to strengthen capital bases.

Hung Yen egg-shaped lychees sold out before harvest begins

Despite being weeks away from peak harvest season, Hung Yen’s signature egg-shaped lychees are already sold out thanks to a surge in pre-orders.

Agro-forestry-fishery export in five months top 28 billion USD

Breaking down the figures, agricultural products accounted for 15.29 billion USD, up 16.3% while livestock products totalled 217.2 milion USD, an 11.7% increase.

Vietnam Airlines increases flights to Singapore, Bangkok

To meet travel demand during the 2025 peak summer season, the national flag carrier, Vietnam Airlines has announced an increase in flight frequency on two key international routes from Ho Chi Minh City to Singapore and Bangkok.

Hanoi's budget revenue posts robust 54% growth in first five months

Hanoi recorded strong performance in five-month revenue from domestic sources, which reached 346.9 trillion VND to account for 73.2% of the annual target and mark a 55.4% year-on-year increase.

Vietnam to export first batch of low-emission rice

Vietnam is set to make a groundbreaking entry into the 'low-emission' rice market in Japan, with its first export shipment in June.

E-invoices mandatory for large business households

The mandatory use of electronic invoices (e-invoices) generated by cash registers marks a significant step in the Government’s ongoing efforts to modernise tax management and ensure greater fairness and transparency in fulfilling tax obligations.

HCM City seeks special mechanisms to attract investors for Can Gio port

A key recommendation was for the municipal Party Committee to issue policy guidance on special mechanisms to support long-term strategic investors, particularly the Mediterranean Shipping Company (MSC) – the world’s largest shipping company.

HCM City faces economic challenges amid high inflation

Its Consumer Price Index (CPI) increased by 4.27% in the first five months, impacting residents' budgets, according to a report by the city’s Statistics Office.

Apartment price "fever" cools in HCM City, Hanoi

Apartment prices in Hanoi and HCM City have stabilized and are no longer experiencing a strong upward trend as seen in 2024, according to the Ministry of Construction’s housing and real estate market report for the first quarter of the year.

Vietnam seeks more US farm products in bilateral trade push

Minister Do Duc Duy leads delegation to the U.S. to strengthen agri-trade and seek new import opportunities.

From July, personal ID numbers to replace all tax codes in Vietnam

Vietnam implements a unified tax identification system beginning July 2025 to reduce risk and boost transparency.

Petrolimex removes Dao Nam Hai from CEO position

Dao Nam Hai has been dismissed from his role as CEO and has also ceased to be a board member of Vietnam National Petroleum Group (Petrolimex) effective May 30.

Trump doubles steel tariffs: Can Vietnam turn challenge into opportunity?

Trump’s tariff hike shocks global markets, but Vietnam’s steel ambitions may be perfectly timed.