Vietnam News

HCM City metro line 1 operator turns profit in first full year
The operator of HCM City’s first metro line reported an after-tax profit of nearly VNĐ39 billion (US$1.5 million) last year, enabling it to fully eliminate accumulated losses built up during years of pre-operation spending before the system entered commercial service at the end of 2024.

Small businesses can begin ESG journey with simple actions
Small businesses do not need to adopt ESG (environmental, social and governance) practices in a highly complex way from the outset, but can begin with actions suited to their scale, speakers said at a conference held in HCM City on May 22.

HCM City’s new development landscape opens doors for investors
As HCM City enters a new phase of development, the business and investment community is facing significant opportunities to expand operations and restructure investment strategies.

Việt Nam, UK seek deeper cooperation in capital markets, IFC
Việt Nam and the United Kingdom (UK) are seeking to deepen cooperation in capital market development, green finance and the establishment of the international financial centres (IFC) hubs in Đà Nẵng and HCM City.

BSR to supply 100,000 cu.m of E10 petrol monthly
Dung Quất Refinery, run by BSR, is currently operating at optimal capacity to produce petroleum products, including RON95 petrol blended with fuel ethanol to create E10RON95 products for customers.

Car industry backs E10 fuel readiness ahead of rollout
Carmakers including Honda, Toyota, Hyundai, Ford and Mercedes-Benz have all confirmed the compatibility of many vehicle models with the fuel ahead of its nationwide rollout.

Việt Nam taps venture capital for innovation: Deputy Finance Minister
Venture capital is critical to spurring technological innovation and pushing Vietnamese firms into emerging sectors while supporting legal fine-tuning to create breakthrough momentum for economic growth, said Deputy Minister of Finance Nguyễn Đức Tâm.

Việt Nam, EU promote substantive, effective economic cooperation
Việt Nam and the European Union (EU) should further deepen their economic and trade ties in a substantive and effective manner, Vice Chairman of the National Assembly (NA) Nguyễn Hồng Diên said while receiving a delegation from the European Chamber of Commerce in Việt Nam (EuroCham) led by its Chairman

Green transition redefines Việt Nam’s logistics industry
From replacing diesel fleets with LNG and electric vehicles to investing in energy-efficient warehouses and AI-powered supply chain systems, companies are finding that green logistics is no longer a corporate slogan but a requirement for staying competitive in global trade networks.

Cà Mau prioritises infrastructure investment to achieve strong growth
Cà Mau Province is accelerating major infrastructure projects and improving its investment climate as the southernmost province aims to achieve double-digit economic growth in 2026 and beyond.

HCM City to develop charging infrastructure for green transport
As Việt Nam pushes towards its net-zero emissions target by 2050, the transition to electric vehicles is accelerating in major cities, but inadequate charging infrastructure remains a major obstacle.

HCM City launches maritime finance ecosystem to strengthen service revenues
To develop the maritime economy sustainably and enhance national competitiveness, Việt Nam needs to build a comprehensive maritime financial ecosystem where capital flows, financial services, and logistics operations are tightly interconnected domestically.
Plans discussed to strengthen multimodal transport connectivity
Import-export turnover reached nearly US$930 billion last year, while cargo transport volume exceeded 3 billion tonnes, up 14.1 per cent year-on-year.

Rubber stocks rally as natural rubber prices hit nine-year high
The favourable trend in rubber prices and improving earnings expectations have rapidly attracted investor interest in rubber stocks on the Vietnamese stock market.

Forum strengthens Việt Nam, ROK co-operation
The Maekyung Vietnam Forum 2026 opened on Wednesday in HCM City, serving as a platform for Vietnamese and Korean businesses, policymakers, and leaders to foster deeper co-operation and create new opportunities for trade, investment, and technology.

Forum promotes Việt Nam–RoK supply chain connectivity
Việt Nam and the Republic of Korea are seeking to deepen supply chain links in key industries such as electronics, semiconductors and food processing.

Fitch Ratings gives positive assessment of Việt Nam’s economic fundamentals
Fitch Ratings has praised Việt Nam’s macroeconomic resilience and policy management, saying continued reforms and stable growth will support the country’s sovereign credit outlook.

Effective reform execution needed for high-income country target
Mariam J. Sherman, World Bank’s Division Director for Việt Nam, Cambodia and Lao PDR; and Nguyễn Xuân Thành, a lecturer at the Fulbright School of Public Policy and Management discuss how Việt Nam can seize opportunities amid the global crisis to achieve its high-income target.
Ministry plans regulatory overhaul for online stock trading activities
The proposal also includes provisions allowing foreign investors to place orders through intermediary order-routing systems operated by overseas financial institutions.

Việt Nam eyes balanced, sustainable trade ties with US
Việt Nam values and places great importance on support from international partners, including the US, which it considers a leading strategic partner.

Meet Australia 2026 promotes sustainable partnership opportunities
Meet Australia 2026 featured discussion sessions on promoting trade and investment between HCM City and Australia, advancing green energy cooperation, and developing a future-ready workforce through Việt Nam – Australia collaboration in skills and talent development. It also included business networking activities.

Opportunities for textile waste recycling sector to grow
The network of 200 textile waste treatment facilities remains fragmented and lacks transparency, making waste traceability and quality assessment difficult.

AI era reshapes skills needed in Việt Nam’s IT workforce
Education experts noted that IT training programmes at many institutions remained heavily theory-based, even as technologies in the market evolved rapidly.

Banks keep tap open for people requiring housing
Real estate lending has continued to expand steadily, helping support related industries, while credit flows remain focused on genuine housing demand.

SME law to be amended to boost innovation and competitiveness
The government is drafting comprehensive amendments to the Law on Support for Small and Medium-Sized Enterprises to create a more coherent, long-term and effective legal framework for the business sector.

Việt Nam, China boost cooperation in green industry development
The Vietnamese Embassy in China and the International Cooperation Centre under China’s National Development and Reform Commission on May 18 held a green industry cooperation programme in Beijing to boost policy exchanges and practical cooperation amid climate and environmental challenges.

Sơn La launches 800MW floating solar power project
The 800MW floating solar power project on the Sơn La hydropower reservoir is expected to supply around 1.25 billion kWh of clean electricity annually to the national grid.

India to ease export requirements for Vietnamese durian
India is set to ease export requirements by removing special import conditions and extra phytosanitary declarations for fresh Vietnamese durian, allowing the product to enter the market more smoothly.

RoK steps up trade cooperation with Việt Nam, Malaysia
The ASEAN-Korea Centre and the Korea Importers Association (KOIMA) announced on May 18 that they will jointly organise a trade promotion delegation to Việt Nam and Malaysia in a bid to expand economic cooperation between the Republic of Korea (RoK) and member states of the Association of Southeast Asian Nations

Korean robotics, AI firms interested in Việt Nam
KOTRA said it is teaming up with the Korea Institute for Robot Industry Advancement to run the “K-Robot Pavilion”” at the 23rd Việt Nam International Exhibition on Machinery, Equipment, Technology and Industrial Products (VINAMAC EXPO 2026) in Hà Nội from May 14-16.

Meet Australia 2026 to take place in HCM City next week
Organised by the Australia-ASEAN Business Forum (AABF), the event will focus on boosting cooperation in energy, digital technology, agriculture and innovation amid growing bilateral relations.

Phú Thọ among Việt Nam’s top five provinces for economic governance quality
Phú Thọ stood out for its ability to unlock resources for businesses and maintain a proactive administration that closely accompanies the business community.

International exhibition series on dairy, ice cream, and modern beverages to take place soon
The exhibition will feature 250 booths, bringing together brands and products from various countries and territories.

Việt Nam, Malaysia promote smart business connectivity
Malaysia is paying close attention to Việt Nam’s Đổi Mới (Renewal) reforms, particularly in land policies, rice production technologies and seafood industry development, as both sides seek to expand practical cooperation.

Counterfeit crackdown in HCM City results in $24,600 in fines
Authorities in HCM City have intensified a sweeping crackdown on counterfeit and intellectual property-infringing goods across markets, shopping centres and e-commerce platforms, with administrative fines reaching VNĐ650 million (US$24,600).

Central Retail breaks ground on GO! Phổ Yên mall in Thái Nguyên
Thailand’s Central Retail has broken ground on the VNĐ400 billion GO! Phổ Yên shopping centre in Thái Nguyên Province which is scheduled to open in 2027.

Market ends mixed, VN-Index fall slightly
The benchmark index decreased, but gains in oil and gas stocks helped cushion the losses.

Việt Nam launches BPI for the first time alongside revamped PCI 2025
The Vietnam Chamber of Commerce and Industry (VCCI) on May 15 unveiled the country’s first-ever Business Performance Index (BPI) together with the newly redesigned Provincial Competitiveness Index 2025 (PCI 2025), as part of the Việt Nam Private Sector Economic Report 2025.

Việt Nam, Cambodia boost supply chain connectivity
Under a shared strategic vision for the 2026–30 period, Việt Nam and Cambodia are moving beyond simple commodity exchange toward building a peaceful, friendly, stable and fully developed border zone.

70,000 tonnes of rice granted “Low-emission Green Vietnamese Rice” label
The certified rice has not only been exported to Japan but also reached markets in Europe and Oceania.

Retail fuel prices cut from Thursday afternoon
Retail fuel prices were simultaneously reduced from 15:00 on Thursday following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.

Ground broken on $157 million industrial park in Hải Phòng
Taseco Land on Thursday officially broke ground on the first phase of the Thủy Nguyên Industrial Park project in the northern port city of Hai Phong, marking a major step in the company’s expansion into the industrial real estate segment.

Việt Nam’s wood firms seek clarity on VAT rules amid export concerns
Việt Nam’s wood industry is seeking clearer VAT rules as inconsistent enforcement across provinces raises compliance risks, delays tax refunds and complicates export supply chains.

Cần Thơ, Belarus eye trade, investment opportunities
Belarusian Consul General in HCM City Alexander Sidoruk said his working visit to Cần Thơ city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.

HCM City hosts F&B ingredients exhibition
Việt Nam’s only dedicated F&B ingredients exhibition Fi Vietnam 2026 opened in HCM City on Wednesday.

Arkia Israeli Airlines announces direct flights to HCM City
Arkia Israeli Airlines on May 12 announced plans to launch direct flights from Tel Aviv to HCM City, marking a further expansion of the carrier’s operations in Vietnam.

Vietnamese swimming crab exports retain access to US
US recognition of Việt Nam’s crab fisheries allows exports to continue through 2029, boosting a key seafood sector.

China Homelife Vietnam expo showcases manufacturing innovation, supply chain connectivity
The fifth International Exhibition of Chinese Products, Equipment, Tools, Technology, and Services for Family Life in Việt Nam opened at the Saigon Exhibition and Convention Center on May 12, positioning itself as a strategic platform for strengthening business partnerships between the two countries and bolstering the regional industrial supply chain.

Session highlights synergy promotion for FDI, domestic enterprises
A Party official has urged the Vietnamese business community to improve corporate governance, technological capacity, production standards, workforce quality and international connectivity to strengthen ties with the FDI sector.

Việt Nam promotes digital workforce through content creator training programme
E-commerce and the digital economy are generating new jobs while accelerating digital transformation and boosting the country’s competitiveness.

Qualcomm opens Hanoi R&D Centre to expand semiconductor, AI operations in VN
The new facility builds on Qualcomm’s 2025 launch of an artificial intelligence R&D centre in Việt Nam and will operate as a broader innovation hub focused initially on artificial intelligence and system-on-chip (SoC) development, the company said.

RoK drugmaker ramps up production in Việt Nam
Samil Pharmaceutical of the Republic of Korea (RoK), known for its children’s fever reducer Brupen, is stepping up its manufacturing expansion in Việt Nam.

Việt Nam, RoK deepen cooperation in technology, energy, digital economy
The Republic of Korea is currently Việt Nam’s largest foreign direct investor, with cumulative registered investment exceeding US$94 billion and more than 10,000 valid projects.

Việt Nam releases first-ever White Book on Taxation
The White Book provides a comprehensive overview of Việt Nam’s current tax system in line with international practices, including direct taxes, indirect taxes and sector-specific levies.

Modern retail opens doors for small-scale farmers
Central Retail Vietnam is expanding its community livelihood programme as retailers strengthen sourcing from local cooperatives and small-scale farmers.
Hoa Sen responds to Australia’s anti-dumping probe into galvanised steel
Vietnamese steelmaker Hoa Sen Group has clarified that the alleged anti-dumping margin of 56.21 per cent cited in Australia’s investigation into galvanised steel imports from Việt Nam is only an initial allegation submitted by the complainant, not an official conclusion by Australian authorities.

Improved investment climate gives momentum to Điện Biên funding
At the Investment Promotion Conference in Điện Biên Province on May 11, Deputy Prime Minister Nguyễn Văn Thắng urged provincial authorities to continue accelerating substantive administrative reforms and improvements to the investment climate.

VN-Index falls deep, breaching below 1,900 points
Analysts said that profit-taking was not too unexpected after the group had climbed strongly for several weeks and carried a high weight in overall market capitalisation.

RoK backs sesame farming development project in Việt Nam
The Korea Rural Community Corporation under the Republic of Korea Government said on May 11 that it will collaborate with the Korean Ministry of Agriculture, Food and Rural Affairs to implement a project supporting the development of the sesame value chain in Việt Nam.

Điện Biên approves $76 million tourism cable car project
The approved investor is Fansipan Sa Pa Cable Car Services & Tourism Limited Liability Company.
New summer tour products in HCM City
As the summer holiday nears, HCM City is rolling out new tourism offerings to wow local and foreign visitors, including a fancy dining and art performance experience, relaxing cruise trip on the Saigon River with folk music and exciting helicopter tours to admire the city from above.

Bank-led funding model strains as Việt Nam seeks new growth drivers
Bank credit is nearing its limits as Việt Nam seeks trillions in investment for double-digit growth, prompting urgent calls to deepen capital markets and improve the efficiency of capital use.

Vietnamese-made LSD vaccine enters demanding RoK market
The successful research and commercialisation of the LSD vaccine, which has been widely used in the domestic market and is gradually expanding internationally, helps affirm the position of Vietnamese veterinary vaccines globally.

Mitsubishi Motors Vietnam recalls Xpander and Xpander Cross models
The programme aims to inspect and, if necessary, replace the reclining adjustment mechanism of the second-row seatbacks on affected Xpander and Xpander Cross vehicles assembled, imported, and officially distributed by MMV.

New M&A association launched as Việt Nam pushes corporate restructuring
The newly launched Vietnam Mergers & Acquisitions Association is expected to help connect businesses, investors as demand for corporate restructuring and strategic capital rises in Việt Nam.

Intel to expand investment in Việt Nam
Intel is relocating part of its semiconductor production lines from Costa Rica to its facility in HCM City-based Saigon High-Tech Park, signalling a deeper commitment to Việt Nam as a primary strategic pillar in its global manufacturing network.

Deal signed on developing a power-to-liquid pilot plant in Việt Nam
International cooperation organisation Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has agreed with Bình Sơn Refining and Petrochemical Joint Stock Company (BSR) to collaborate on developing a power‑to‑liquid pilot project in Việt Nam.

Vietnamese leader hopes for stronger ties with Sri Lanka’s Hayleys PLC
Party General Secretary and President Tô Lâm said that given the complementarity of the two economies and their substantial room for growth, Việt Nam wishes to enhance cooperation with major Sri Lankan enterprises, especially those with regional market networks and connectivity capabilities such as Hayleys.

Vietjet to launch HCM City-Colombo flights in August
The newest route will operate four round-trip flights per week, Vietjet said in a statement.

Vietjet signs India partnerships to expand aviation, technology links
The partnerships with leading Indian enterprises will help open new connectivity corridors across aviation, trade, technology, and investment, contributing to the dynamic development of the Asia-Pacific region.

Vietnam Airlines announces launch of direct service connecting Việt Nam and Sri Lanka
Vietnam Airlines officially announced the launch of a new direct service between HCM City and Colombo during the Việt Nam–Sri Lanka Trade–Investment–Tourism Cooperation Forum held in Colombo.

Xuân Cầu Holdings, Petrolimex launch green energy venture for EV transport
The partnership between Xuân Cầu Holdings, Petrolimex and Selex Motors marks a major step in developing green energy infrastructure and expanding electric transport energy services in Việt Nam.

Top leader rings opening bell at India’s National Stock Exchange
India’s National Stock Exchange pledged support for Việt Nam’s capital market development during Party leader Tô Lâm’s visit to Mumbai.

HCM City expands innovation startup space
HCM City is strengthening its position as one of Southeast Asia’s leading innovation and startup hubs with expanding innovation ecosystem and attracting greater investment into high-tech industries and entrepreneurship.

Việt Nam strengthens cooperation with India’s leading technology partners
As part of the state visit to India by General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President Tô Lâm, Politburo member Nguyễn Duy Ngocc has held working sessions with leaders of the Indian Institute of Technology Madras (IIT Madras) and the Unique Identification Authority

Party General Secretary, State President receives Indian business leaders in Mumbai
General Secretary and President Tô Lâm described ONGC as an experienced and capable energy group whose expertise aligns with Việt Nam’s oil and gas development needs.

Development map redrawn to drive double-digit growth
Việt Nam’s revised national master plan aims to create new growth hubs, strengthen regional connectivity and accelerate technology-driven development as the country targets annual economic growth of at least 10 per cent in the coming years.

VN-Index approaches 1,900 threshold
The index was therefore about 10 points, less than 1 per cent, away from the all-time high of 1,902 based on closing prices.

HCM City hosts major tech showcase linking education, infrastructure, smart cities
Smart City Asia, Education Vietnam and LEDTEC Asia, Việt Nam’s leading international exhibition series on smart cities, smart education, IoT, robotics, smart lighting and advanced technologies, opened at the Saigon Exhibition and Convention Centre in HCM City on May 6.

HCM City navigates toward sustainable river-sea economy
With vast waterways, a long coastline, and global connectivity, HCM City is positioning itself as Southeast Asia’s next maritime hub.

Soil health critical for agricultural resilience as degradation becomes alarming
Placing soil health at the centre of agricultural policy becomes critical as land degradation is posing a growing threat to productivity and sustainable development of the agricultural sector, experts said at a workshop on May 5.

Proposed removal of conditions for accounting and insurance services
Within the group of sectors under the Ministry of Finance’s management are accounting services, reinsurance business, insurance brokerage, insurance agency services, casino business, betting business, and duty-free retail.

Cô Tô marks milestone with culture and tourism week
The event will feature a series of large-scale activities that combine traditional values with a modern touch, with the aim of elevating island tourism and creating a new mark on the national tourism map.

Việt Nam enters the group of regional leaders in broadband telecommunications infrastructure
The Ministry of Science and Technology forecasts that spectrum demand will continue to rise sharply in the coming years.

Cisco eyes key role in Việt Nam’s AI infrastructure development
Currently, 62 per cent of Vietnamese organisations risk losing value from their AI investments due to ‘AI infrastructure debt’, the accumulation of shortcuts, gaps and compromises that arise when companies deploy AI without a strong foundation.

VN-Index gains nearly 21 points on large-cap stocks
The breadth of the market leaned heavily into negative territory, as the number of decliners was 213 stocks, more than double the number of gainers.

Market treads water after long holiday break
Flows appeared to gravitate toward standalone stories in groups including energy and infrastructure, while downside pressure persisted in real estate and technology.

Việt Nam creates favourable conditions for Swiss firm’s long-term investment: Deputy PM
The Vietnamese Government creates favourable conditions for foreign investors, including FS Finance Suisse AG, to operate effectively and sustainably in the country, Deputy Prime Minister Hồ Quốc Dũng affirmed on May 4.

Việt Nam told to learn from London to win global capital
Việt Nam can draw on lessons from the London Financial Centre to build a globally competitive financial market for its next growth phase, Executive Director of the London Southside Chamber of Commerce Radiana Vlahova told Vietnam News Agency.

Budget revenue up 15.2 per cent in four months
Việt Nam’s state budget revenue reached an estimated VNĐ1,114 trillion (US$42.84 billion) in January-April, equivalent to 44 per cent of the full-year plan and up 15.2 per cent from a year earlier, the Ministry of Finance reported on May 4.

Moody’s lifts Việt Nam’s outlook to “positive” on reform drive
Moody’s on May 4 upgraded Việt Nam’s outlook from “stable” to “positive,” while affirming the country’s sovereign credit rating at Ba2, according to the Ministry of Finance.

VN-Index faces resistance after holiday rally, volatility expected to persist
The benchmark index closed April on a strong note, gaining nearly 180 points, or 10.72 per cent, from around 1,675 to above 1,854 points.

All-out push to fast-track Việt Nam’s first nuclear power plants
Facing a tight five-year deadline for the Ninh Thuận 1 and 2 nuclear power projects, Khánh Hoà province is stepping up efforts to accelerate key tasks, aiming to complete compensation and site clearance for both plants in the second quarter of 2026, in line with the Prime Minister’s directive.

Opening supermarket doors for OCOP products
There were 18,243 OCOP products rated three stars or higher nationwide. Despite thousands of products meeting OCOP standards, getting them into retail systems is not easy.

MoIT proposes removal of business conditions in six sectors
This move is part of a draft resolution on cutting and simplifying administrative procedures and business conditions.

Việt Nam has 110.5 million mobile internet subscriptions
Of these, 91.3 per cent of subscribers are using smartphones, according to the Ministry of Science and Technology.

VNĐ5trillion clean water plant opened in Phú Thọ
AQUA ONE Corporation on Thursday opened the Hòa Bình – Xuân Mai clean water plant worth more than VNĐ5 trillion (US$200million) in Phú Thọ Province to water supply for Hà Nội and nearby areas.

Việt Nam’s roasted coffee exports to Thailand rise as demand shifts to premium brews
Việt Nam shipped about 9,900 tonnes of coffee worth US$80.6 million to Thailand in the first quarter of 2026, up 22.5 per cent in volume and 28.7 per cent in value from a year earlier, according to Việt Nam Customs.

Lâm Đồng diversifies coastal tourism with adventure, island-linked experiences
Coastal tourism in the central province of Lâm Đồng is gaining renewed momentum as the province taps into its largely untouched landscapes and distinctive natural appeal.





