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Two billionaires pledge to make Binh Dinh a luxury tourism hotspot

Two international billionaires have announced plans to transform Binh Dinh into a world-class hub for luxury tourism, blending yacht culture and elite experiences.

VPBank and HDBank take full ownership of GPBank and DongA Bank

Vietnam's State Bank has completed the mandatory transfer of GPBank and DongA Bank to VPBank and HDBank to ensure financial stability and improve banking operations.

American fruits dominate Vietnam’s Tet market with record imports

The U.S. has overtaken China as Vietnam’s largest supplier of fruits and vegetables during the Tet (Lunar New Year) season, with imports reaching a record $123.7 million in December 2024.

Discover the best of ASEAN furniture at VIFA ASEAN 2025

The 3rd Vietnam ASEAN International Furniture and Home Accessories Fair, VIFA ASEAN 2025, will connect Southeast Asia’s furniture industry to global buyers in Ho Chi Minh City this August.

Thai and Japanese investors acquire key stakes in Vietnam’s industries

As Vietnam’s stock market struggles to gain momentum, foreign billionaires, particularly from Thailand and Japan, are seizing opportunities to acquire stakes in leading companies across strategic sectors.

Prime Minister orders investigation into real estate speculation and price hikes

Prime Minister Pham Minh Chinh has directed a comprehensive crackdown on property speculation and price manipulation to stabilize Vietnam’s real estate market.

Vietnam sets 2025 goal: Boost market entry by 10% while cutting barriers

Vietnam aims to increase new and returning businesses by at least 10% in 2025, driven by reforms to simplify regulations and enhance market competitiveness.

Real estate market overcomes toughest period

The Ministry of Construction (MOC) says the real estate market has witnessed positive changes and overcome its toughest period, and that social housing development will see a breakthrough in the time to come.

Small- and medium-sized enterprises encouraged to 'play big'

Lacking qualified workers as well as knowledge about import/export policies is the biggest barrier for Vietnamese enterprises. But e-commerce platforms are expected to help boost exports of these businesses.

Billionaire Pham Nhat Vuong and other giants plan blockbuster IPOs

Billionaire Pham Nhat Vuong is set to launch a blockbuster IPO for Vinpearl, leading a wave of major listings that promise to rejuvenate Vietnam’s stock market.

Novaland dismisses resignation rumors surrounding Chairman Bui Thanh Nhon

In response to unfounded reports about its leadership, Novaland has confirmed that its Chairman, Bui Thanh Nhon, remains in his position, actively directing the group’s activities.

Vietnam records over 157,200 newly established enterprises in 2024

In 2024, Vietnam registered over 157,200 new enterprises, with Ho Chi Minh City and Hanoi leading in business formations.

La Vie mineral water company hit with $2.8 million tax bill

La Vie, Vietnam's leading bottled water company, faces a $2.8 million tax bill after authorities discovered miscalculations in taxes and fees from 2016 to 2020.

HCM City remittances up at record $9.6b in 2024

Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Vietnam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total remittances.

Prime Minister greenlights Ninh Co Economic Zone in Nam Dinh

The Prime Minister has approved the establishment of the Ninh Co Economic Zone in Nam Dinh Province, spanning 13,950 hectares and promising significant economic and social benefits.

Vietnam sets record with nearly $1.2 billion cashew exports to the US

The US has made a historic $1.2 billion investment in importing Vietnamese cashews, solidifying Vietnam's position as the world’s leading cashew supplier.

Mandatory transfer of DongA Bank terminates shareholder ownership

Once one of Vietnam's prominent banks, DongA Bank has now been placed under mandatory transfer by the SBV, effectively ending the rights of its shareholders, including major institutional investors.

Low-cost Chinese milk grapes dominate Vietnamese markets despite safety warnings

Following the detection of harmful chemicals in Thailand, Chinese milk grapes remain a staple in Vietnam’s markets, with authorities ensuring compliance with domestic safety standards.

European start-up enters Vietnam’s ride-hailing market

Similar to other popular technology ride-hailing applications such as Grab or Be, Bolt expects to provide basic services, including transport, shopping and food delivery.

MPI outlines key components for first-ever IFC

Vietnam gets ready to establish its first international financial centre (IFC) in HCM City, the Southeast Asian economy’s largest economic hub.