business news

Update news business news

Vietnam’s power shift: cheap solar by day, pricey oil-fired power at night

Prolonged heat waves have driven electricity demand sharply higher, especially in the evening.

Vietnam proposes $4.8 billion tax and land rent payment extension for 2026

A new draft decree would allow businesses, households and individual entrepreneurs to defer tax and land rent payments, easing financial pressures and improving cash flow.

CMC appoints Dang Tung Son as Group CEO to lead next phase of AI transformation

CMC Corporation has appointed Mr. Dang Tung Son as Group CEO, marking a significant leadership transition as the technology group accelerates its ambition to become a global AI transformation company.

TNEX named "Best Digital Bank in Vietnam 2026" by The Asian Banker

TNEX has been honored as the "Best Digital Bank in Vietnam 2026" by The Asian Banker. Marking its fourth win, this prestigious award reinforces TNEX’s enduring position and commitment to excellence on the global digital financial map.

Nearly 10 hybrid models now compete in Vietnam’s busiest SUV segment

Hybrid vehicle sales in Vietnam nearly doubled in the first five months of 2026 as consumers embrace fuel-saving technology.

TH Group seeks $1 billion funding as global investors circle

A planned fundraising round could value TH Group at $3.3 billion, placing it among Vietnam’s most valuable private consumer businesses.

New peak-hour schedule will not affect household electricity bills: EVN

With the new peak-hour period concentrated in the evening, restaurants and hotels with high electricity demand at night will be more significantly affected.

Vietnam seeks US$50 billion in annual foreign investment inflows

Party General Secretary and State President To Lam has signed Politburo Resolution No. 10 on the development of the foreign-invested sector of the economy.

Logistics pressure: transport is cheaper by waterway than by road

HCMC is projected to possibly break into the world's top 5 in port throughput by 2030.

Steering 'cheap money' into production: Vietnam's economic tightrope

The State Bank of Vietnam (SBV) has repeatedly asked commercial banks to lower deposit and lending interest rates as one of the solutions to achieve double-digit growth.

How to ‘settle down and thrive’: solving the affordable housing crisis

The familiar Vietnamese saying “An cu lac nghiep” (“settle down and thrive”) reflects the special role of housing in people’s lives.

8 provinces secure Japanese ODA loans for climate resilience, rural development

The Ministry of Finance signed 11 on-lending agreements worth 39.256 billion JPY (250 million USD) with eight northern mountainous provinces to implement two major projects funded by Japan’s official development assistance (ODA), in Hanoi on June 12.

VN economy demonstrates resilience amid cost pressures, external uncertainties

Despite signs of moderating growth, Vietnam’s economy continues to demonstrate considerable resilience in the face of rising cost pressures and an increasingly uncertain external environment, according to the United Overseas Bank (UOB).

Coffee Citizens model aims to lift Vietnamese value chain

As global consumers place greater emphasis on quality, traceability and sustainability, Vietnam is increasingly looking beyond export volumes and seeking ways to create more value from every bean it produces.

Twenty-three largest Vietnamese enterprises earn nearly 144 billion USD

Total revenue of 23 largest Vietnamese enterprises reached approximately 3.8 quadrillion VND (144.5 billion USD) last year, according to financial statements from the companies.

Work starts on 500-million-USD Meiko semiconductor plant in Phu Tho province

The People's Committee of northern Phu Tho province and Japan’s Meiko Group on June 12 broke ground on Meiko Yen Quang semiconductor manufacturing plant at Yen Quang Industrial Park.

Vietnam, Japan cultivate energy collaboration

Deputy Minister of Industry and Trade Nguyen Hoang Long held a working session with Representative Director and Executive Vice President of Japan’s Idemitsu Kosan Co., Ltd. (IKC) Atsuhiko Hirano in Hanoi on June 12.

Hue Festival Trade Fair 2026 opens with 240 booths

The Hue Festival Trade Fair 2026 officially opened on June 12 at the Hue City Culture and Sports Square, featuring 240 booths and bringing together businesses, cooperatives and trade promotion organisations from across the country.

Gen Z woman boosts countryside tourism with ‘green’ homestay

Abandoning her office desk job, a young woman in Can Tho returned to her countryside hometown to kickstart a business with an orchard homestay model.

Rental housing: what is the formula for a ‘win-win’ outcome?

For many years, the majority of real estate firms in Vietnam have built houses for sale rather than for rent.