business news

Update news business news

Private banks set record in budget contribution

Private banks paid a total of 47.3 trillion VND (over USD 1.79 billion) to the State budget in the 2024 fiscal year, according to CafeF’s ranking of the top 20 private banks by budget contribution.

Vietnam accelerates industrial restructuring, targets major logistics hub

The Trade Promotion Agency has also been assigned to work with the Ministry of Culture, Sports and Tourism to support localities and businesses in tapping cultural and local identity elements to build product brands.

Developers may soon find it easier to reclaim land under new Land Law provision

Businesses complain that many of their projects have fallen into deadlock, though 90-95 percent of site clearance work has been completed. If a new proposal on land recovery is approved, this bottleneck may finally be resolved.

Unshackling agri-tech: From lab benches to farmers’ fields

When technology cannot escape the lab, intellect is wasted and scientists lose heart for lack of support and incentives. To keep talent in agriculture, Vietnam needs a reform that spans institutions and the way science is treated.

Closing the gap between policy and practice in Vietnam’s economy

Real change demands practical steps. From tax relief to site clearance reform, Vietnam is taking action to support enterprise growth.

Biofuel shift in 2026 offers lifeline to cassava farmers

The use of biofuel, which helps ensure energy security and protect the environment, will allow farmers to avoid selling millions of tons of dry cassava to China at unstable prices.

Vietnam’s agriculture posts record trade surplus, builds global position

Vietnam’s agriculture scene has gone from scraping by to raking in over 60 billion USD in exports, turning rice paddies and coffee fields into a cash cow that’s fueling the nation’s economic rise.

Vietnamese logistics firms sidelined by foreign e-commerce giants

The booming e-commerce market is creating a promising business playground, but the rules are being dictated by foreign platforms.

Bibica seeks delisting despite record-breaking revenue in 2024

Even after reporting nearly $70 million in revenue last year, Vietnam’s iconic confectionery company plans to withdraw from the stock exchange.

Green growth: A new roadmap for Vietnam's industry

The industrial sector is entering a new era where “green growth”, “sustainable development,” and “digital transformation” are no longer abstract concepts but urgent requirements for survival and long-term success.

Land fee shock blocks land conversion, reform proposed

Excessive land use fees for land-use conversion have forced many to withdraw their applications.

SBV Governor Nguyen Thi Hong rated A+ by Global Finance

Global Finance has ranked Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong A+, the highest grade in its 2025 Central Banker Report Cards.

Technology and data power a new era of Vietnamese agriculture

From drones to AI and blockchain, digital transformation is unlocking productivity and export gains across the sector.

Vietnam launches first solar-agriculture project to enhance rural incomes

Vietnam has launched its first research project on combining solar energy with agriculture, aiming to increase farmers' incomes while accelerating the country's energy transition.

EVN struggles with $1.8 billion loss, calls for pricing mechanism overhaul

Vietnam Electricity (EVN) has released details about the production cost structure of electricity and the causes behind its accumulated loss of more than $1.8 billion from 2022 to 2023.

HCM City leads VN in inflation, with major price hikes in health & education

HCM City posts Vietnam’s highest inflation rate at 4.17%, led by health and education costs.

Vietnam auto industry commits to full electrification by 2035

The Vietnam Automobile, Motorcycle, and Bicycle Association (VAMOBA) has set a bold vision: by 2035, 100% of cars and motorcycles produced by its members will be electric and environmentally friendly.

Vingroup sues 68 accounts over fake news in legal push for accountability

In a nation striving toward the rule of law, fairness, and transparency, Vingroup’s decision to take legal action is not just a private battle - it sends a powerful message for a healthier business environment and a more responsible society.

Major gold traders face scrutiny after State Bank inspection

Before the Government Inspectorate was tasked with overseeing the gold trading sector, the State Bank of Vietnam (SBV) had already identified numerous violations by major companies.

Vietnamese firms step up branding efforts in digital space

Vietnamese businesses are increasingly recognising the urgent need to establish a strong brand presence in the digital space, delegates heard at a workshop on expanding market share and building brand identity held in Ho Chi Minh City on September 9.