business news

Update news business news

MoIT tightens 'Made in Vietnam' criteria to combat trade fraud

The Ministry of Industry and Trade (MoIT) has submitted a draft decree to the Government to establish criteria for determining Vietnamese origin for goods sold in the domestic market, aiming to curb growing cases of origin-labeling fraud.

Vietnam records $15.36 billion trade deficit in rare reversal

Vietnam recorded a trade deficit of approximately USD15.36 billion as of June 7, an uncommon development after many consecutive years of trade surpluses.

Da Nang resort asset with starting price of $4.2 million set for auction

The Malibu resort project in Da Nang is set to enter the auction market as Nam A Bank seeks to recover outstanding obligations.

A green Vietnam begins with a culture of responsibility

Green development is not merely a story of clean technologies, renewable energy, or emissions reduction commitments.

Robust dispute resolution framework key to Vietnam’s IFC ambitions

As Vietnam develops its International Financial Centre in Ho Chi Minh City (VIFC-HCMC), establishing a modern, transparent and internationally aligned dispute resolution system is emerging as a key factor in attracting global capital.

Sustainable transformation needed for Vietnam’s strategic pangasius sector

Vietnam’s pangasius (tra fish) industry is enjoying one of its most favourable periods in recent years, with raw fish prices remaining at multi-year highs, generating substantial profits for farmers.

Vietnam’s fuel import bill jumps while pump prices fall sharply

Vietnam’s import value for petroleum products rose sharply during the first five months of 2026, while domestic retail gasoline and diesel prices retreated significantly from their historic peaks.

Vietnam may allow businesses to sell 100% of excess rooftop solar output

Vietnam’s electricity regulator has indicated that rooftop solar producers could be permitted to export 100% of surplus power under certain grid conditions.

Vietnamese food products gain prominence at RoK's leading food fair

Twenty-eight Vietnamese food companies are participating in Seoul Food 2026, the Republic of Korea's largest annual food exhibition, held from June 9 to 12 to promote their brands and expand business partnerships in the Korean market.

LG to build first semiconductor substrate plant in Vietnam

LG Innotek has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.

Vietnamese banks may close inactive accounts after 3 years

According to the State Bank of Vietnam, nearly 87% of Vietnamese adults had bank accounts as of early this year, while the number of non-cash payment transactions has been growing by nearly 59% annually.

From home ownership to renting: a mindset shift in Vietnam

A modern economy should not be measured by whether homeownership rates are high or low, but by whether people can live safely and affordably in urban areas.

Keeping the economy in step with the pace of reform

In 2025 alone, the National Assembly passed 89 laws. Combined with 2024, the total number of newly enacted or amended laws reached 120, exceeding the total for the previous eight years combined.

Imported vehicles continue to dominate Vietnam's car market

Vietnam's automobile market continued to show signs of cooling in May, even as manufacturers and dealerships rolled out a series of aggressive discount campaigns aimed at stimulating demand.

Focus on rental housing: a major shift in housing-policy thinking

Why must Vietnam shift from a ‘homeownership’ mindset to a ‘housing access’ approach?

New research highlights broader health potential of A2 protein

Experts at a recent scientific symposium in Ho Chi Minh City highlighted emerging evidence linking A2 protein to benefits that extend far beyond digestion.

Used car dealers struggle to find buyers, hesitate to restock

The price of many used cars have dropped by tens of millions of VND, yet purchasing power remains weak. Sellers report that caution surrounding costs and changes in fuel usage continue to keep the market sluggish.

How branding helps startups resolve growth bottlenecks

After increasing selling prices, a rice-paper enterprise sold more products and expanded its market. Conversely, a coffee brand slashed its expected profits to expand its scale.

Murphy Oil urged to expand investment in Vietnam

Minister of Industry and Trade Le Manh Hung on June 8 had a meeting with Eric M. Hambly, President and Chief Executive Officer of Murphy Oil.

Agricultural product exports continue to generate strong trade surplus

Although Vietnam recorded a trade deficit of nearly $14 billion in the first 5 months of 2026, the agriculture sector continued to stand out as a major contributor to external trade, generating a surplus of $7.5 billion.