business news

Update news business news

Big 6 banks now control over half of total banking assets

With six major banks now holding more than half of Vietnam’s total banking assets, the financial sector is showing strong momentum in 2025.

Former Asanzo chairman indicted for smuggling and tax evasion

The Ho Chi Minh City People’s Procuracy has completed an indictment against former Asanzo Board Chairman Pham Van Tam and his brother, Pham Xuan Tinh, the company’s former CEO.

Vietnam’s top banks report billions in high-risk bad debt

Bad loans classified as Group 5 have surged 8% since January, raising concerns about credit quality and capital risks among Vietnam’s top commercial banks.

Vietnam’s manufacturing industry at historic crossroads

Vietnam’s manufacturing industry is showing strong signs of transformation from mindset to action, with the goal of competing on a fair playground in the international market.

Vietnam exports nearly 5.9 million tonnes of rice

Vietnam exported nearly 5.9 million tonnes of rice worth over 3 billion USD as of August 15, according to the Vietnam Food Association (VFA).

Agro-forestry-aquatic product exports increase 12% in eight months

Despite a decline in the August export value, the overall eight-month performance remained positive, with most product groups posting growth.

Gold monopoly ends: Will prices fall to VND100 million/tael?

Lifting gold bar monopoly, allowing import-export of raw gold to produce bars will increase supply, end the mindset of ‘buying gold at any cost’, narrow domestic-international price gaps, and cool down the market.

Vietnam’s e-motorbike market enters stage of fierce competition

As the world’s fourth-largest motorbike market with some 50 million vehicles in circulation, Vietnam is under pressure to transition from petrol to electric in response to air pollution and climate change.

Vietnam’s food delivery market heads for $9bil. in fierce price war

Vietnam's online food delivery market is experiencing explosive growth, becoming one of the fastest-growing sectors in Southeast Asia.

Airlines release 6 million Tet tickets; fares already sky-high

Vietnamese airlines have launched Tet ticket sales for 2026 early, with prices on popular routes already surging despite the absence of an official holiday schedule.

Vietnamese enterprises urged to go global as investment laws evolve

New policy proposals may remove red tape and empower Vietnamese businesses to invest swiftly and competitively abroad.

Renowned economist highlights the key for Vietnam to catch up globally

The private economic sector’s development is the key to whether Vietnam can catch up with the world, not foreign investment, according to Associate Prof Dr Tran Dinh Thien.

Vietnam's 80-year rise: From poverty to global economic prominence

Marking National Day 2025, Vietnam unveils its transformation into a global economic force, with GDP now ranking 34th worldwide.

Global billionaires set sights on Vietnam's luxury real estate

Vietnam is attracting high-net-worth individuals investing in luxury properties and elite living.

Le Gia fish sauce: From village jars to international shelves

Bringing Vietnamese fish sauce to global shelves, Le Anh’s journey began with childhood memories and a stubborn dream in a village by the sea.

Vietnam’s agriculture powers ahead with world-leading exports

Eighty years after the August Revolution and National Day (September 2), Vietnam has transformed from a poverty-stricken nation into a global agricultural export powerhouse, with several key products leading the world.

CMC Corporation earns Prime Minister’s award on 80th National Day

CMC Corporation was awarded the Prime Minister’s Certificate of Merit for outstanding innovation and national contribution on Vietnam’s 80th National Day.

Vietnam’s private sector faces survival test in digital, green shift

The rapid evolution of information technology, cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) offers a vast array of opportunities.

Vietnam moves to transform digital assets into real economic value

Vietnam has taken a major step towards transforming digital assets into real economic value with the passage of the Law on Digital Technology Industry at the 9th session of the 15th National Assembly.

Daughter loses dependent deduction for mother due to flaw in PIT regulation

The regulation that dependent income must not exceed VND1 million per month, unchanged for nearly 20 years, has become outdated and needs revision, say experts.