business news

Update news business news

Vietnamese trade offices push rapid adaptation for H2 export growth

Vietnamese trade representatives around the world issued warnings and practical advice at a hybrid trade promotion conference in Hanoi on July 7, urging firms to move fast to keep export momentum alive.

Nearly 400 km of expressways opened to traffic in H1

Chief of the ministry's Office Lam Van Hoang said at a conference on July 7 that 219 km of national highways were built and another 212 km were upgraded in the first six months.

Digitalisation opens new markets for Vietnamese farm produce

Vietnam currently has around 3.4 million exemplary farming households. However, becoming an entrepreneur requires more than production expertise.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Smuggling, trade fraud, counterfeit production and trading, and IP right infringement remained widespread and increasingly sophisticated in the first half of 2026, affecting business activities, public health and consumer confidence.

Vietnam's textile, garment exports rise 1.7% in first half of 2026

Vietnam's textile and garment exports were estimated at 22.2 billion USD in the first six months of 2026, up 1.7% year-on-year, according to the Vietnam Textile and Apparel Association (VITAS).

Vietnam lays groundwork for transparent carbon market

Experts say the launch of the trading platform is only the first step. The long-term success of the market will depend on a transparent system backed by robust measurement, reporting and verification (MRV) standards.

Vietnam eyes stronger capital market with reforms and global upgrade ambitions

Vietnam is stepping up efforts to build a stronger, safer and more transparent capital market, with stock market reforms expected to attract more foreign investment and support long-term economic growth.

Government specifies new personal income tax deductions

The Government has issued a decree to specify new expenses eligible for deductions from pre-tax salary under the amended Law on Personal Income Tax, which took effect on July 1.

Manufacturing remains key driver of Vietnam’s economic growth in H1: NSO

Vietnam's industrial production maintained strong momentum in the second quarter and the first six months of 2026, with the Index of Industrial Production (IIP) posting its fastest first-half growth since 2019.

Vietnam seeks stronger domestic manufacturing to sustain export growth

Vietnam’s exports ballooned more than 20% in the first half, driving total trade toward the 550 billion USD threshold. Yet, the trade balance swung to a deficit exceeding 16.65 billion USD after a multi-year run of surpluses.

Hanoi clears detailed plan for US$420 million horse racing project

A 125-hectare horse racing and leisure complex in Hanoi has taken a major step forward after local authorities approved its 1:500 detailed planning scheme.

Vietnam’s economic momentum reflected in new income status

According to the WB, this performance was driven primarily by a robust recovery in exports, which expanded by more than 15% during 2024–2025, and by the country’s ability to sustain strong GDP growth of 7% and 8% in two consecutive years.

Major incentives planned to attract capital into long-term rental housing

It is expected that Vietnam’s housing system will be divided into four categories: commercial housing, rental housing, official residences, and policy housing.

Vietnam upgrades seaport network to strengthen maritime competitiveness

Vietnam is accelerating the development of its seaport system and multimodal transport network as part of its strategy to become a strong maritime nation under the Party Central Committee’s Resolution No. 36-NQ/TW.

Pepper exports post double-digit growth in first half of 2026

Vietnam's pepper exports maintained strong growth in the first half of 2026 despite tightening domestic supplies, according to the Vietnam Pepper and Spice Association.

Vietnam's coffee export value hits 4.78 billion USD in H1

Vietnam exported an estimated 150,000 tonnes of coffee worth 552.6 million USD in June, bringing total exports in the first half of the year to 1.1 million tonnes valued at 4.78 billion USD.

Lam Dong approves over 5.7 trillion VND in solar power investment

Lam Dong province have approved in-principle two solar power projects worth more than 5.7 trillion VND (about 218.5 million USD), adding 280 MW of capacity and over 540 million kWh of clean electricity annually to the national grid.

Fuel prices drop, but pho and rice platters don't follow suit

When fuel prices rose, many eateries quickly raised their prices. However, although fuel prices have now fallen significantly, most restaurants have kept their prices unchanged.

The true cost of consumers’ wasteful use of electricity

Many people still hold the mindset that if they can pay for electricity usage, why shouldn't they consume it as much as they want. They have yet to fully understand the consequences of wasting electricity.

Green lane sought for Vietnam's fruit, vegetable exports to China

With exports to China reaching about 5.5 billion USD in 2025, Vietnam's fruit and vegetable sector has ample room for further growth, provided it strengthens quality control, traceability and fast-track "green lane" customs clearance.