business news

Update news business news

Pork prices hit record highs while cheap Chinese strawberries flood VN markets

Vietnam’s pork prices reach their highest level since 2020, while imported Chinese strawberries are being mislabeled as local produce and sold at bargain prices.

Real estate sees growth opportunities thanks to thriving retail sector

Positive factors seen in Vietnam’s retail sector would bring opportunities for the domestic real estate market, according to experts.

Vietnam weather update: Drizzle in Hanoi, sunshine in the South

Hanoi’s drizzle and humidity continue, but a cold front may bring relief. Check the latest Vietnam weather forecast for March 3, 2025.

Vietnamese fuel mogul Chu Thi Thanh arrested in tax fraud scandal

Vietnamese fuel giant Thien Minh Duc faces legal action over massive tax fraud. Authorities have detained chairwoman Chu Thi Thanh in a growing scandal.

Hanoi police warn of risks in Pi Network cryptocurrency trading

Pi Network gains popularity, but is it safe? Learn about the risks, fraud warnings & legal issues before investing in this cryptocurrency.

Apartment rent in Hanoi increases beyond all expectations

Apartment rental prices in Hanoi are surprisingly high now, though the supply is plentiful. The most sought-after apartments range between VND8-12 million per month.

Vietnam caps salaries of state-owned enterprise executives at 80 million VND

A new government decree limits salaries for state-owned enterprise leaders, with board chairpersons earning a maximum of 80 million VND and CEOs restricted to ten times the average worker’s salary.

Tan Tan Peanut executives prosecuted for tax evasion and shareholder misconduct

The chairman, his wife, and his brother face legal charges over tax evasion and failure to comply with shareholder rights in a corporate dispute at Tan Tan Peanut Company.

World Intellectual Property Day 2025 to be held April 26 in VN

The World Intellectual Property Organisation (WIPO) has designated April 26 as "World Intellectual Property Day" (IP Day) in Vietnam.

VN calls on US firms to make long-term investments with a century-long vision

Prime Minister Pham Minh Chinh urged U.S. companies to expand their presence in Vietnam, emphasizing trade growth, technology partnerships, and institutional reforms for long-term investment opportunities.

Chairwoman scams 1,600 investors, embezzles $16mil in fake real estate projects

Le Thi Hien, chairwoman of the Vietnam Cooperative Alliance and Global Market Group, lured 1,600 investors into fraudulent real estate projects, stealing nearly $16 million before being arrested.

Vietnam’s Ministry of Finance takes over 18 major state-owned enterprises

In an unprecedented move, Vietnam has transferred 18 state-owned enterprises, including PetroVietnam and EVN, to the Ministry of Finance, reshaping state asset management.

Vietnam imposes travel bans on individuals with overdue tax debts of $2,000+

Vietnam’s new Decree 49 enforces exit bans on individuals and business owners with overdue tax debts of at least 50 million VND ($2,000) for over 120 days. Legal representatives of companies owing over 500 million VND ($20,000) are also affected.

Vietnam mulls revising its Power Development Plan

Experts have outlined three key areas for PDP VIII’s revision, including updating legal frameworks, assessing the power system’s operations and forecasting socio-economic growth and electricity demand.

Vietnam adapts agricultural exports to market fluctuations

Amid global trade uncertainties, Vietnam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.

VINASME proposes reduction of corporate income tax

Vietnam’s corporate income tax rate of 20 per cent is higher than in Singapore (17 per cent) and Brunei (18.5 per cent).

Vietnamese products rise from villages to global markets

The application of new technologies in production and close collaboration between farmers and businesses have significantly contributed to taking Vietnamese products from rural areas to the global stage, which is a challenging but inspiring journey.

What is happening with Rang Dong Plastic and Dien Quang?

All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption.

Metro Line 1 prompts investments in HCM City's eastern apartment market

Ho Chi Minh City’s apartment supply is expected to exceed 40,000 units by 2027, with Thu Duc city accounting for half, according to Savills Vietnam.