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He encouraged the company to cooperate with large Vietnamese petroleum firms such as Petrolimex to build petroleum distribution infrastructure and turn Việt Nam into a distribution hub for the Southeast Asian market.

The 2025 Vietnam Saigon Textile & Garment Industry – Fabric & Garment Accessories Expo (SaigonTex – SaigonFabric 2025) opened on April 9 in HCM City, offering a vital platform for domestic and international producers to connect, explore business opportunities.

Việt Nam’s stock market continued its downward spiral on Wednesday, with the VN-Index plunging more than three per cent and dipping below the key 1,100-point threshold.

Trade associations and businesses in HCM City voiced concerns over the US new tariff at a meeting organised by the HCM City Department of Industry and Trade on April 8.

FTSE Russell said that Việt Nam currently falls short in the areas of delivery versus payment (DvP) and costs associated with failed trades. Both of these criteria have been rated as ‘restricted’.

The tariff shock from the United States has pushed the Vietnamese stock market into a challenging phase, marked by heightened volatility and a prevailing sense of caution amid existing short-term risks.

Companies and industries should observe VN-US tariff talks.

Foreign investment disbursement grew 7 per cent year-on-year, reaching nearly $4.96 billion in the period. This increase underscores sustained confidence from international investors, reaffirming Việt Nam’s position as a key investment destination.

Efforts are also underway to clean up and update the personal tax code database to ensure more effective tax collection and monitoring.

To tap into the growing Halal market, Việt Nam must develop a Halal product ecosystem meeting quality and certification standards, according to experts.