business news

Update news business news

Vietnamese banks may close inactive accounts after 3 years

According to the State Bank of Vietnam, nearly 87% of Vietnamese adults had bank accounts as of early this year, while the number of non-cash payment transactions has been growing by nearly 59% annually.

From home ownership to renting: a mindset shift in Vietnam

A modern economy should not be measured by whether homeownership rates are high or low, but by whether people can live safely and affordably in urban areas.

Keeping the economy in step with the pace of reform

In 2025 alone, the National Assembly passed 89 laws. Combined with 2024, the total number of newly enacted or amended laws reached 120, exceeding the total for the previous eight years combined.

Imported vehicles continue to dominate Vietnam's car market

Vietnam's automobile market continued to show signs of cooling in May, even as manufacturers and dealerships rolled out a series of aggressive discount campaigns aimed at stimulating demand.

Focus on rental housing: a major shift in housing-policy thinking

Why must Vietnam shift from a ‘homeownership’ mindset to a ‘housing access’ approach?

New research highlights broader health potential of A2 protein

Experts at a recent scientific symposium in Ho Chi Minh City highlighted emerging evidence linking A2 protein to benefits that extend far beyond digestion.

Used car dealers struggle to find buyers, hesitate to restock

The price of many used cars have dropped by tens of millions of VND, yet purchasing power remains weak. Sellers report that caution surrounding costs and changes in fuel usage continue to keep the market sluggish.

How branding helps startups resolve growth bottlenecks

After increasing selling prices, a rice-paper enterprise sold more products and expanded its market. Conversely, a coffee brand slashed its expected profits to expand its scale.

Murphy Oil urged to expand investment in Vietnam

Minister of Industry and Trade Le Manh Hung on June 8 had a meeting with Eric M. Hambly, President and Chief Executive Officer of Murphy Oil.

Agricultural product exports continue to generate strong trade surplus

Although Vietnam recorded a trade deficit of nearly $14 billion in the first 5 months of 2026, the agriculture sector continued to stand out as a major contributor to external trade, generating a surplus of $7.5 billion.

Strong maritime nation takes shape through blue future

Vietnam’s identity as a maritime nation is rooted in its geography, history and culture. The East Sea has long supported trade, cultural exchange, sovereignty protection and the development of resilient coastal communities.

Domestic consumption remains bright spot as retail sales rise 11.2% in 5 months

The 11.2% jump in Vietnam’s total retail sales of consumer goods and services during the first five months of 2026 underscores the continued strength of domestic consumption as a key driver of economic expansion.

Vietnam banks prevent VND5 trillion in transfers after warnings

Vietnam's anti-fraud payment platform has issued alerts to more than 4.4 million customers.

Vietnam seeks to free $127 billion trapped in real estate projects

Vietnam is accelerating efforts to revive stalled property projects as part of a broader strategy to boost growth and stabilize housing prices.

Vietnam’s pepper exports jump 21.7% in volume in five months

Vietnam’s pepper exports brought home 789.2 million USD from 122,600 tons shipped in January through May, a 21.7% surge in volume and a 13.9% increase in value from a year earlier, according to the Vietnam Pepper and Spice Association.

Vietnam Airlines Group offers nearly 2.2 million discounted domestic seats

Vietnam Airlines Group will provide nearly 5.5 million seats on domestic routes from now until August 16 to meet peak summer travel demand, including around 2.2 million seats offered at promotional fares on various routes.

E-commerce platforms raise fees, making bargain hunting harder for shoppers

E-commerce platforms are raising fees, forcing sellers to increase prices or cut promotions, which is narrowing the price gap between online purchases and traditional offline sales.

Vietnam targets cashless payment value reaching 30 times GDP by 2030

Vietnam targets that by 2030, 95% of people aged 15 and above will have bank transaction accounts, while the value of cashless payments will reach 30 times GDP.

VN's industrial production records strongest five-month growth in four years

Vietnam’s industrial production maintained strong momentum in the first five months of 2026, with the Index of Industrial Production (IIP) rising 9.1% year-on-year, the highest growth rate for the period in the past four years.

Gov't moves to remove bottlenecks, drive double-digit economic growth in 2026

The Government has issued a resolution directing ministries, ministry-level agencies, and provincial and municipal authorities to continue implementing socio-economic development tasks and solutions in a serious, coordinated and effective manner.