business news

Update news business news

Businesses identify labor shortages and policy bottlenecks as key hurdles

Vietnamese businesses are calling for faster reforms, warning that labor shortages and policy implementation bottlenecks must be resolved if the country is to achieve sustained double-digit economic growth.

Vietnam motorcycle production tops 2 million in record first half

The number of new motorcycles rolling off production lines in Vietnam remained at a high level in June, pushing the country's total domestic motorcycle output in the first half of 2026 to a record of nearly 2.1 million units.

Da Nang bets on reform and innovation for double-digit growth

Da Nang is removing long-standing investment bottlenecks while building new growth engines as it pursues annual economic growth of at least 11% through 2030.

Former garment factory owner earns VND1 billion a year raising civets

Leaving his business in the city, Nguyen Van Hung returned to his hometown to build a civet farm, generating annual revenue of several billion dong from breeding stock and rare color variants.

Rental housing: four critical links to make the model work

Hanoi and HCMC are moving forward with rental housing projects in an effort to create an additional path to housing security alongside the traditional homeownership model.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

The Republic of Korea (RoK) has selected Vietnam as a strategic hub for expanding its logistics, distribution and supply chain network for Korean food (K-Food) across the Association of Southeast Asian Nations (ASEAN).

Vietnam's specialty coffee sets sights on Chinese market

The Buon Ma Thuot Coffee Association, in partnership with Shanghai Maiji IT company, is organising a roadshow of the VN Amazing Cup 2026 in China to introduce the competition's Top 10 Arabica & Top 10 Robusta coffee products to international buyers.

Restoring trust in Vietnam's timeshare and resort property market

The biggest bottleneck facing Vietnam's tourism and resort real estate market is no longer legal uncertainty but investor confidence, particularly regarding timeshares and profit-sharing at resort projects.

Resolution 10 sets new benchmarks for FDI quality

Resolution 10 on the development of foreign-invested economic sector, recently promulgated by the Politburo, sets a highly ambitious target: attracting $200–300 billion in FDI capital in 2026–2030.

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.