Vietnam News
Top legislator meets leaders of major Singaporean corporations
National Assembly (NA) Chairman Trần Thanh Mẫn on December 3 received leaders of several major Singaporean corporations, as part of his official visit to the country.
Businesses urged to tailor their strategies to evolving Tết shopping behaviours
“Tết Shopping Trends 2025 – How to Meet New Consumer Demands,” a seminar organised by the High Quality Vietnamese Products Business Association, delved into the key trends that shaped the 2024 festive season and explored their implications for 2025.
NAPAS to expand cross-border QR payment with China, RoK and Japan in 2025
The National Payment Corporation of Việt Nam (NAPAS) will expand its cross-border QR payment services with countries including China, Japan and the Republic of Korea in 2025.
Nam Định approves $90 million aluminium project
The aluminium alloy factory is expected to operate for 47 years, until September 30, 2071.
M&A in Việt Nam: Navigating challenges in integration
Thảo Nguyễn, a key M&A expert at the Investment Promotion Connection Department of the Việt Nam M&A Community, and CEO of INMERGERS, shares insights and strategies for Vietnamese businesses looking to engage in M&A, focusing on timing, valuations, and due diligence challenges.
AirAsia announces five new routes to Việt Nam
AirAsia plans to strengthen Việt Nam’s position as a key hub in the Indochina region by launching new routes to the popular destination.
Manufacturing reports modest growth but trends are concerning
Việt Nam’s manufacturing sector continued to show improvement in November, with the Purchasing Managers’ Index (PMI) staying above the 50-point threshold for a second consecutive month of robust business activities.
Indonesia extends safeguard duty for VN’s plastic pellets
The safeguard duty will be effective from December 23, 2024, to December 22, 2027, in the form of an absolute tax.
Binh Dương posts $10 billion in trade surplus this year
Bình Dương province is projected to achieve a record trade surplus of $10 billion this year, reaffirming its role as a leading economic hub in southern Việt Nam.
Market mixed as foreign bloc extends net selling
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,248.9 points, down by 2.31 points or 0.18 per cent.
NA leader receives leader of Singapore’s Sembcorp Development
Sembcorp found that the Vietnamese Government has created favourable conditions for businesses to invest and operate in the country
Taxes on second property require cautious, balanced approach
Just last week, the Vietnam Association of Real Estate Brokers (VARS) called for additional taxes on second properties and unused land lots, especially on apartments.
Đắk Lắk exports the first container of finished coffee to the US
Đắk Lắk’s first export of roasted and ground coffee to the US is a key step in bringing the province’s coffee brand to the world.
Việt Nam’s OCOP products debut at AF-L’ARTIGIANO IN FIERA 2024 in Milan
Under the theme ‘Việt Nam’s OCOP Products: Gathering Values, Spreading Culture’, Việt Nam’s pavilion spans 200 square metres.
Yên Bái grants investment registration certificate for US$87 industrial park project
The project is expected to create high-value contributions to industrial production and export turnover while accelerating the economic transformation of Trấn Yên District and Yên Bái Province.
Phenikaa Group, Vicostone named in top 100 sustainable businesses in VN
This is the seventh consecutive year Phenikaa has been named on the list and the consecutive eighth for Vicostone.
Bà Rịa–Vũng Tàu aims to develop free trade zone
The southern province’s authorities said the 1,000-hectare Cái Mép Hạ area met the necessary conditions to establish a free trade zone.
Market starts December with a slight gain
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) edged up by 0.75 points, or 0.06 per cent, to close the session at 1,251.21 points.
Over 2,000 participants attend Việt Nam-Asia Smart City Conference 2024
The Việt Nam-Asia Smart City Conference 2024, held on Monday in Hà Nội, opened with the theme ‘Smart City – Digital Economy – Sustainable Development.’
Airfares surge ahead of Lunar New Year holiday
As the Lunar New Year (Tết) holiday is approaching, the Vietnamese aviation market has experienced intense pressure with airfares soaring and seat availability becoming increasingly scarce.
Carbon market – a key for Việt Nam on the path to net zero
With a focus on the country’s net zero 2050 target, the event provided an opportunity to assess both the carbon credit mechanism and Việt Nam’s broader strategy for addressing climate change.
Vietnam Online Friday 2024 launched
The Ministry of Industry and Trade launched Vietnam Online Friday 2024 on Friday evening aimed at boosting e-commerce and providing consumers with the opportunity to purchase quality products at discounted prices.
SABECO continued listed in the Top Sustainable Business in Việt Nam
Saigon Beer – Alcohol – Beverage Corporation (SABECO) continued to be recognised as one of Việt Nam’s leading sustainable enterprises, having made significant strides in implementing ESG (Environmental, Social, and Governance) initiatives.
“Vietnamese Specialties for Vietnamese Tết” programme launched at Central Retail’s stores
Following the success of the ‘Proud of Vietnamese Specialties’ festival on National Day, this programme offers consumers a nostalgic Tết (Lunar New Year) experience while promoting cultural connections through food.
Top 10 reputable logistics companies in 2024 announced
The Vietnam Report JSC has announced the list of top 10 reputable logistics companies for 2024.
Sustainability boosts resilience in green and digital revolution
Companies committed to sustainable business practices could significantly enhance their resilience, capitalising on opportunities emerging from the global green transformation and digital revolution.
HCM City Customs answers questions for businesses
In order to promote import and export activities of HCM City, the city Customs Department held a meeting with businesses to answer questions about tax policies and customs clearance procedures.
2024 Long An Province Cultural – Sport – Tourism Week opens
The 2024 Long An Province Cultural – Sport – Tourism Week opened yesterday, introducing the province’s beauty to locals and visitors alike.
Central hub urges investment from US partners in key industries
The central city of Đà Nẵng has been encouraging cooperations with US partners and businesses in the development of semiconductors, AI, human resources training, sea port management, innovation, the environment and waste management and treatment.
Việt Nam eyes opportunities for fruit and vegetable export to China
Việt Nam officially exports 11 types of fruits to China: durian, jackfruit, dragon fruit, banana, mango, longan, lychee, watermelon, rambutan, mangosteen, and passion fruit, along with sweet potato and black ginseng.
Virtual booths open new doors for Vietnamese farm produce in China
Vietnamese agricultural products will be distributed directly to Chinese consumers through major e-platforms and social media, offering opportunities for enterprises to expand their market presence and enhance export potential.
Vietnamese firms urged to improve product packaging to conquer the Chinese market
Lê Thu Lụa, chief representative of Sunwah Group in Hà Nội – a company that has been operating in Việt Nam for 50 years, spoke to Việt Nam News reporter Tố Như about how to improve exports to China.
E-commerce platforms to declare, pay taxes on behalf of sellers from April 1, 2025
E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
Ministry proposes incentives for automobile industry to be extended to the end of 2027
The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended to December 31, 2027 instead of the end of this year to promote the development of the domestic automobile industry.
Exporting Việt Nam’s pride
Việt Nam’s One Commune One Product items have gained a good reputation inside and outside the country. Businesses have exported their products to many markets in the world thanks to Free Trade Agreements. Let’s listen to some OCOP exporters talking about their expectations!
Hải Dương exports pomelo to EU
The first shipment of circus fruits from Hải Dương to the EU this year consists of Tân Lạc red-fleshed pomelos and green-skinned ones grown in Hòa Bình Province.
Tân Lạc red pomelo: from local delicacy to global export aspirations
With over 1,200 hectares dedicated to red pomelo cultivation, Tân Lạc District is striving to boost production, improve quality and expand export markets, despite facing numerous challenges.
SABECO’s R&D Centre: innovating for quality, sustainability and global recognition
Saigon Beer – Alcohol – Beverage Corporation (SABECO) has officially launched the state-of-the-art SABECO Beer Research and Development Centre (SRC), a groundbreaking initiative designed to elevate Việt Nam’s beverage industry to new heights.
State bank increases credit growth limit for banks for second time this year
The credit growth target was set at approximately 15 per cent at the beginning of the year.
Black Friday: sales remain low despite high discounts
Customer turnout remained low on “Black Friday” – the most anticipated shopping day of the year, despite businesses actively launching promotions and offering discounts ranging from 50 to 80 per cent.
Nghệ An approves US$590 million fabric factory investment from Singapore
The factory will begin trial operations in the second quarter of 2028 and is expected to provide jobs for 15,000 locals.
Hà Nội honours 150 Vietnamese products favoured by consumers in 2024
The Vietnam Fatherland Front’s Hà Nội chapter and the Hà Nội Department of Industry and Trade hosted the 2024 ‘Vietnamese Products Favoured by Consumers’ awards on November 28 at Trịnh Công Sơn Pedestrian Street, Tây Hồ District.
Opening ceremony held for programme promoting Vietnamese agricultural products
The ‘Pride of Vietnamese Agricultural Products’ programme officially started in Hà Nội yesterday, running until December 1.
Market ends November on a positive note as VN-Index regains the 1,250-point mark
Market breadth leaned positive, with 177 stocks advancing and 117 declining. Liquidity on the southern bourse rose to VNĐ13.5 trillion (approximately US$532.3 million), marking an increase of 21.6 per cent compared to the previous session.
HCM City, Bulgarian companies seek co-operation opportunities at business forum
HCM City is dedicated to creating the most favourable conditions for businesses from Bulgaria to invest and operate within the city, affirmed Võ Văn Hoan, deputy chairman of HCM City’s People’s Committee at the Việt Nam – Bulgaria Business Forum held in HCM City on Wednesday.
Petrol prices go up in latest adjustment
The retail prices of petrol were revised upward on November 28 afternoon following the latest adjustment by the Ministries of Industry and Trade and Finance.
GEIMS Việt Nam 2024 kicks off
Held for the first time in Việt Nam, GEIMS Việt Nam is expected to shape the electronics manufacturing industry and open up business collaboration opportunities and electronic component supply deals.
Peru’s mega-port to open opportunities for Việt Nam’s import-export, logistics
Leveraging the mega-port of Chancay in Peru as an optimal logistics solution, Việt Nam can boost import-export turnover with Latin American partners, especially in the industrial and energy sectors.
Việt Nam, South Africa look to advance traditional friendship
Vietnamese Deputy Foreign Minister Nguyen Minh Hang and South African Deputy Minister of International Relations and Cooperation Anna Thandi Moraka co-chaired the 6th meeting of the Vietnam – South Africa Intergovernmental Partnership Forum in Pretoria on November 27, during which they discussed ways to promote future all-around cooperation.
Event seeks to foster economic cooperation between Poland and Việt Nam
A number of topics aimed at strengthening trade between Poland and Việt Nam are being discussed at a “Business Mixer” event in HCM City on November 28.
VinFast reports unaudited financial results in Q3
VinFast Auto Ltd., a pure-play electric vehicle (EV) manufacturer with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the third quarter ending September 30.
Cinnamon industry seeks to take advantage of trade deal to expand exports to the UK
According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
VN to embrace a new internet era: VIA
There are vast opportunities for Vietnamese internet businesses, participants were told at Việt Nam’s Internet Day 2024 in Hà Nội.
One year on from introduction of environment protection law, enforcement can be problematic
Phan Tuấn Hùng, Director of the Department of Legal Affairs Department under the Ministry of Natural Resources and Environment, said many businesses remain confused about the recycling regulations, leading to delays in implementation.
VCCI proposes extending VAT reduction for first half of 2025
The VAT reduction, from 10 per cent to 8 per cent, has been having a positive impact on Việt Nam’s economy said the Vietnam Chamber of Commerce and Industry (VCCI).
Innovative Vietnamese start-ups must draw resources from international and domestic corporations: PM
The country has more than 1,400 start-up support organisations, 202 co-working spaces, 208 investment funds, 35 business promotion organisations, 79 incubators and about 170 universities and colleges engaging in innovative start-up activities.
Viconship could benefit if Trump taxes China
Such a policy would likely drive manufacturers to relocate production to Việt Nam, strengthening the nation’s role as a regional manufacturing hub.
Wood exports poised to exceed target despite market challenges
Việt Nam’s wood processing and export industry is on track to surpass its 2024 export target of US$15.2 billion, navigating through complicated market developments with strategic adaptability.
PM asks central bank to accelerate lending to businesses
Prime Minister Phạm Minh Chính signed an official dispatch on Wednesday requesting the State Bank of Việt Nam to enhance credit management in the remaining months of this year to accelerate lending for production and business.
Rice export hits a fresh record of $5 billion
Việt Nam has exported 8.05 million tonnes of rice from the beginning of this year to November 15, marking a historic record value of more than US$5 billion.
Việt Nam’s real estate market among most promising in Asia-Pacific: Knight Frank
Việt Nam’s residential market attracts HNWIs and investors, boosted by GDP growth, urbanisation, and its “China+1” role, Knight Frank reports.
Bulgarian President invites VinFast to invest in electric vehicle production
The Bulgarian President praised the quality and potential of VinFast’s electric vehicles in the European market and urged the company to explore collaboration and investment opportunities in Bulgaria.
An Giang Province seeks local, foreign investments with HCM City conference
An Giang is inviting local and foreign investment, with a focus on hi-tech agriculture and tourism, while aiming to boost foreign trade, provincial leaders announced at a conference in HCM City today that showcased the province’s investment potential and specialty products.
Market mixed as liquidity hits three-week low
Market breadth was negative, with 177 stocks declining, 105 advancing and 75 remaining unchanged. Liquidity dropped sharply to VNĐ11.3 trillion (approximately US$445 million), down 14.4 per cent from the previous session, marking the lowest level in three weeks.
Việt Nam – Asia Smart City Conference to be held next month
The Việt Nam – Asia Smart City Conference 2024 will take place from December 2-3 in Hà Nội, with the theme ‘Smart City – Digital Economy – Sustainable Development’.
Int’t expo on rubber and tyre opens in HCM City
According to organisers, the event will help create trade opportunities, introduce advanced products, materials and technologies, meeting the production and business needs of domestic enterprises.
PM urges US to soon recognise Việt Nam as a market economy
PM Chính underscored the importance of private sector leadership in tackling global challenges, from energy security to climate change.
International chemical industry exhibition in HCM City attracts 500 firms
VINACHEM EXPO 2024 opened on Wednesday at the Saigon Exhibition and Convention Centre, fostering business exchanges and opportunities for domestic and foreign companies.
Many Vietnamese businesses to increase salaries in 2025: survey
The 2025 salary survey released by recruitment consultancy Robert Walters showed that 82 per cent of companies plan to adjust and increase salaries next year.
Finance ministry proposes changes in new personal income tax law
The replacement law is set to be approved by the National Assembly at its 11th session in May 2026.
Vietnamese company wins World’s Best Green Cruise Line award
Việt Nam’s Grand Pioneers Cruise operating on Hạ Long Bay by the Việt Thuận Group beat 19 other nominees from Germany, Italy, Norway, France, Ecuador, Sweden, the UK and the US, to win the award, which will be presented at the annual World Cruise Awards taking place in Madeira on
Việt Nam spends more than $10 billion to import record volume of steel
October saw a record steel import volume at 2.41 million tonnes, worth $1.51 billion, representing increases by 55.9 per cent and 41.7 per cent, respectively against the previous month.
Northern Delta Int’l Agriculture Fair 2024 features nearly 300 booths
The fair offers new opportunities for agricultural development across Việt Nam.
PM orders strengthened state management over e-commerce
Prime Minister Phạm Minh Chính on Monday ordered relevant ministries and localities to intensify state management over e-commerce.
Rice exports top eight million tonnes
The Philippines remains Việt Nam’s largest market, which imported 2.91 million tonnes of rice by the end of October.
Philippines initiates preliminary safeguard measures investigation on cement from VN
The Philippines has initiated a preliminary safeguard measures investigation on the importation of cement from various countries, including Việt Nam, according to the Việt Nam Trade Office to the Philippines.
Top 10 largest corporate tax payers contribute over US$13 billion to State budget
A list of companies that paid the most taxes was compiled based on statistics from June 30, 2023 to March 31, 2024.
Bình Định is a promising destination for Thai businesses
Hồ Quốc Dũng, secretary of the Bình Định Provincial Party Committee, said that Bình Định has not only developed a synchronous infrastructure system, but is also building a transparent investment environment.
TECHFEST Vietnam 2024 crowns winners for innovation in healthcare and sustainability
The TECHFEST Vietnam 2024 National Creative Startup Talent Search Competition announced its winners on Tuesday, with the top teams recognised for their innovative solutions in healthcare and sustainable green development.
Đà Nẵng announces four projects eligible for sale to foreigners
Đà Nẵng Department of Construction has announced four commercial housing projects which can be sold to foreigners.
Việt Nam’s pepper exports surpass $1 billion In first 10 months
Việt Nam exported 18,415 tonnes of pepper in October, valued at US$120.6 million, the General Department of Customs has reported.
Foreign investors flock to invest in the south
Foreign investors have recently rushed to southern Vietnamese provinces and cities to look for investment opportunities and locations.
Việt Nam’s stock market recovers but outlook remains uncertain
Following a prolonged period of volatility, the VN-Index is approaching a critical resistance level, raising the question of whether the market has enough momentum to break through or if it is merely undergoing a technical rebound before further corrections.
NA tackles amendments to advertising law, supports Vietnam Airlines’ recovery
The National Assembly, during its ongoing 8th session, will deliberate amendments to the Law on Advertisement and evaluate measures to support Vietnam Airlines’ recovery from COVID-19-related challenges in an afternoon session on Monday.
Women leaders: Việt Nam-Canada dialogue on gender equality
A panel discussion at the event of Vietnamese and Canadian female leaders, discussed subjects such as the role of women in leadership, gender equality and the challenges they face.
Việt Nam, Bulgaria look toward to new heights in trade volume
The ongoing Việt Nam visit by Bulgarian President Rumen Radev is set to elevate bilateral ties to a new height, particularly in the economic sphere, as both nations prepare to celebrate the 75th anniversary of their diplomatic relations next year.
Code of conduct issued for real estate brokers
The code plays an important role in setting new standards for the real estate profession in Việt Nam.
Việt Nam named among the 30 largest export economies
Việt Nam has secured a spot among the top 30 largest goods-exporting economies globally, ranking 23rd with a total export turnover of US$354 billion last year.
Bắc Giang targets breakthrough economic growth and regional cooperation by 2025
Bắc Giang is focusing on creating breakthroughs in regional and inter-regional economic development by 2025.
Việt Nam stock market kicks off the final week of November with gains
Market breadth leaned positive, with 183 stocks advancing and 104 declining. Liquidity on the southern bourse dipped slightly to VNĐ11.9 trillion (approximately US$468.1 million), a decrease of 6.2 per cent compared to the previous session.
Long An builds investment policies to develop its international port into a logistics hub
The province aspires to transform Long An International Port into a logistics hub, serving as a vital link between the eastern and western regions of the Mekong Delta and the southern economic zone.
Samsung launches technology talent development programme
Samsung Vietnam Complex on Friday officially launched the Samsung Innovation Campus (SIC) 2024–25, a Technology Talent Development Programme aimed at equipping Việt Nam’s youth – the future leaders of the Fourth Industrial Revolution – with advanced technological capabilities.
Mega high-speed rail project gathers momentum
The ruling Party and Government have stated their commitment to prioritising Vietnamese enterprises in the execution of the project.
UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion
To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Speculation a factor behind skyrocketing housing prices in major cities: ministry
The Ministry of Construction’s statistics showed that in major cities including Hà Nội and HCM City, apartment prices continued to increase in the third quarter of this year by around 4-6 per cent or 22-25 per cent from the beginning of this year.
VN’s first pharmaceutical industrial park to be built
Located in Thái Bình Province, the park is expected to provide jobs for 18,000 people when going into operations.
Emirates to recruit pilots in Hà Nội and HCM City
Emirates will host pilot recruitment roadshows in Hà Nội and HCM City, seeking experienced commercial pilots to join its expanding team.
Conference promotes business expansion to the US
The Cần Thơ Promotion Agency and the Consulate General of the US in HCM City on Thursday in Cần Thơ City held a joint conference to promote business expansion in the US as well as accelerate bilateral economic, trade and investment cooperation.
US initiates investigation into pharmaceutical capsule shells imported from Việt Nam
Hard capsule pharmaceutical shells from Brazil, China and India are also being investigated.
Car imports increase 37.5 per cent in 10 months
Việt Nam imported 142,794 completely built units (CBUs) in the first 10 months of this year, an increase of 37.5 per cent over the same period last year, according to data from the General Department of Customs.