business news

Update news business news

WB sees strong potential for Vietnam's double-digit growth goal

Vietnam's economy has demonstrated remarkable resilience in recent years despite a succession of global shocks, according to Tehmina Khan, the World Bank's Lead Economist for Vietnam, Cambodia and Laos.

Hanoi apartment boom loses momentum

Hanoi’s once red-hot apartment market is showing clear signs of cooling, with slowing liquidity and cautious buyers forcing many short-term investors to retreat after years of rapid gains.

CMC surpasses US$406 million in revenue, accelerates AI transformation

Having crossed the VND10 trillion ($406 million) revenue mark for the first time, CMC aims to enter its second renewal cycle, with AI-X as its new growth driver.

Vietnam records strong uptake of E10 fuel in first days of nationwide rollout

The Ministry of Industry and Trade has moved to reassure motorists about E10 gasoline as nationwide sales surge past 141 million liters.

No housing resales in first 3 years expected to help tackle housing demand

Hanoi is considering an unprecedented move in the real estate market by restricting commercial (market-rate) housing in multi-purpose urban areas from being transferred for the first three years, with the goal of serving housing demand.

Vietnam tax authority now tracks cash flow instead of counting stores

Dang Ngoc Minh, deputy director of the Tax Department, said tax authorities no longer manage businesses by “counting business households on the streets or entering stores to estimate revenue”.

Vietnam sends over 53,100 workers abroad in five months

Vietnam dispatched 53,159 workers abroad under labour contracts during January - May, hitting 47.5% of its full-year target, reported the Ministry of Home Affairs.

Changes to the organizational structure of the State Bank of Vietnam

The VN central bank will continue operating with 20 units while adjusting the names of several departments, introducing new provisions governing the Transaction Center and Regional State Bank branches, and reorganizing specialized divisions.

Vietnam’s hi-tech exports surpass 50% as startup ranking hits record

Hi-tech products accounted for 50.76% of Vietnam’s total exports in the first quarter, reported the Ministry of Science and Technology.

Nearly 95,000 businesses established in Jan–May

More than 94,800 enterprises were established nationwide in the first five months of 2026, with total registered capital of about 1.066 quadrillion VND (40.5 billion USD), according to the National Statistics Office.

VN sustains growth momentum in first five months, bolstering double-digit target

Industrial production continued to be a major growth driver. The Index of Industrial Production (IIP) in May increased 8.8% year-on-year, while the five-month figure rose 9.1%, the highest growth rate in four years.

Vietnam seeks global expertise to develop cryptocurrency market: Deputy PM

Deputy Prime Minister Nguyen Van Thang gave a reception in Hanoi on June 4 for Ben Zhou, co-founder and CEO of Bybit - one of the world's largest cryptocurrency exchanges based in Dubai, the United Arab Emirates (UAE).

Vietnam records first trade deficit in 10 years as imports surge

Strong import growth driven by foreign-invested manufacturers and rising energy prices has pushed Vietnam to a $13.8 billion trade deficit.

Seven banks top VND1 quadrillion in assets as challengers close gap

The race for scale in Vietnam's banking sector intensified as several mid-sized lenders moved closer to joining the VND1 quadrillion club.

Vietnam fruit exports accelerate despite new China import requirements

China remains Vietnam's largest market for fruit and vegetable exports, even as Beijing tightens import controls and raises food safety requirements.

Weak demand drives steep discounts across Vietnam’s gasoline motorcycle market

Price reductions are spreading across Vietnam’s motorcycle market, particularly among higher-value scooter models.

Global rubber prices surge, raising hopes for Vietnamese exporters

Rising geopolitical tensions and tightening supply are driving the strongest rally in global rubber prices since 2017, creating favourable conditions for Vietnam’s rubber industry.

UOB considers joining Vietnam International Financial Centre

Singapore’s United Overseas Bank (UOB) is exploring membership in the Vietnam International Financial Centre (VIFC), a project meant to connect domestic, global and regional capital flows.

‘Quanh Toi’ app launched to help users locate fuel stations nationwide

The Agency of Domestic Market Surveillance and Development has launched the “Quanh Toi” (Around Me) mobile application, enabling users to locate fuel stations, access market information, submit feedback and manage fuel expenses.

State revenue exceeds $51 billion as domestic collections remain robust

Strong domestic tax collections helped state budget revenue rise 15.4% year-on-year during the January-May period, according to the Ministry of Finance.