business news

Update news business news

Vietnam tops ASEAN in consumer sentiment: UOB report

Vietnam’s consumer sentiment led the region with 67 points, up three points from last year, according to the UOB ASEAN Consumer Sentiment Study 2025.

Digital boom pays off in billions for State budget

Vietnam’s taxman is cashing in on the digital boom, with nearly VND135 trillion ($5 billion) collected from e-commerce and digital economy players in the first eight months of 2025 – a 63% surge year-on-year, according to the Department of Taxation.

Vietnam, Japan beef up agricultural cooperation, sign 10 MoU

Thang praised Japan as a strategic partner, not only for its capital and technology but also for management experience sharing and effective public-private partnership models.

Korean pharma, biotech firms eye burgeoning Vietnamese market

Pharmaceutical and biotechnology companies from the Republic of Korea (RoK) are turning their attention to Southeast Asia, with Vietnam emerging as one of the most promising “pharmerging markets” in the region.

EVN chief urges electricity pricing reform to end cross-subsidies

The CEO of Vietnam Electricity (EVN) has called for the swift implementation of a two-component electricity pricing mechanism. If fully and transparently applied, this model could eliminate cross-subsidies among different consumer groups.

Vietnam drops proposed 20% property tax, sticks with 2% flat rate

Vietnam's Ministry of Finance scraps plan for a 20% tax on property sale profits, opting to keep the current 2% flat rate for simplicity and feasibility.

Biofuels E5, E10 safe for engines: Ministry

The Ministry of Industry and Trade (MOIT) has proposed a roadmap to sell E10 fuel nationwide from January 1, 2026, and E15 from January 1, 2031. Major automakers and technical organizations say the two fuels do not harm engines.

Big 6 banks now control over half of total banking assets

With six major banks now holding more than half of Vietnam’s total banking assets, the financial sector is showing strong momentum in 2025.

Former Asanzo chairman indicted for smuggling and tax evasion

The Ho Chi Minh City People’s Procuracy has completed an indictment against former Asanzo Board Chairman Pham Van Tam and his brother, Pham Xuan Tinh, the company’s former CEO.

Vietnam’s top banks report billions in high-risk bad debt

Bad loans classified as Group 5 have surged 8% since January, raising concerns about credit quality and capital risks among Vietnam’s top commercial banks.

Vietnam’s manufacturing industry at historic crossroads

Vietnam’s manufacturing industry is showing strong signs of transformation from mindset to action, with the goal of competing on a fair playground in the international market.

Vietnam exports nearly 5.9 million tonnes of rice

Vietnam exported nearly 5.9 million tonnes of rice worth over 3 billion USD as of August 15, according to the Vietnam Food Association (VFA).

Agro-forestry-aquatic product exports increase 12% in eight months

Despite a decline in the August export value, the overall eight-month performance remained positive, with most product groups posting growth.

Gold monopoly ends: Will prices fall to VND100 million/tael?

Lifting gold bar monopoly, allowing import-export of raw gold to produce bars will increase supply, end the mindset of ‘buying gold at any cost’, narrow domestic-international price gaps, and cool down the market.

Vietnam’s e-motorbike market enters stage of fierce competition

As the world’s fourth-largest motorbike market with some 50 million vehicles in circulation, Vietnam is under pressure to transition from petrol to electric in response to air pollution and climate change.

Vietnam’s food delivery market heads for $9bil. in fierce price war

Vietnam's online food delivery market is experiencing explosive growth, becoming one of the fastest-growing sectors in Southeast Asia.

Airlines release 6 million Tet tickets; fares already sky-high

Vietnamese airlines have launched Tet ticket sales for 2026 early, with prices on popular routes already surging despite the absence of an official holiday schedule.

Vietnamese enterprises urged to go global as investment laws evolve

New policy proposals may remove red tape and empower Vietnamese businesses to invest swiftly and competitively abroad.

Renowned economist highlights the key for Vietnam to catch up globally

The private economic sector’s development is the key to whether Vietnam can catch up with the world, not foreign investment, according to Associate Prof Dr Tran Dinh Thien.

Vietnam's 80-year rise: From poverty to global economic prominence

Marking National Day 2025, Vietnam unveils its transformation into a global economic force, with GDP now ranking 34th worldwide.