business news

Update news business news

Vietnam joins trillion-dollar race: the rise of the ‘low-altitude economy’

An unmanned aerial vehicle (UAV) carrying a 2kg package, flying 12km over the sea in just 15 minutes, is not just a technology test.

Truong My Lan’s rare Hermès bags fetch more than $554,000 at auction

A rare diamond-studded Hermès handbag once owned by Truong My Lan sold for $456,000 after 119 bids in Ho Chi Minh City.

Bac Ninh livestream sells more than 31 tons of lychees in hours

A livestream hosted by TikToker Chu Thanh Huyen and Bac Ninh Vice Chairman Pham Van Thinh sold more than 31 tons of early-season lychees within just a few hours, highlighting the growing role of livestream commerce in Vietnam’s agricultural sector.

More than $68 million repaid to Van Thinh Phat bondholders in ninth payout

Authorities in Ho Chi Minh City have completed the ninth compensation payout to bondholders affected by the Van Thinh Phat case, disbursing VND1.732 trillion ($68 million) to 42,574 victims.

Thousands of fuel stations stop selling RON95 amid E10 rollout

Vietnam spent more than $4.5 billion importing fuel products in the first months of 2026 amid Middle East supply concerns and domestic market changes.

Persa Place Sold-Out, Gamuda Land Second Time/Again Triumphs Nhon Trach Market

Persa Place achieved a complete sellout on launch day, reinforcing Springville’s growing appeal in Nhon Trach’s booming property market.

Hanoi cafés reinvent sidewalk culture after outdoor seating crackdown

Unable to use public sidewalks as before, many Hanoi cafés are finding unusual new ways to keep customers coming back.

Early lychee harvest hit hard as premium fruit prices triple

Early-season lychee production in Bac Ninh has been hit hard this year, with output dropping by more than half and pest outbreaks creating an unprecedented gap between premium and lower-grade fruit.

Vietnam imports nearly $930 million worth of meat in four months

Vietnamese businesses spent nearly USD930 million importing meat and meat by-products during the first four months of this year to meet rising domestic consumption demand.

Airbnb debate reignites as Vietnam hosts generate USD 630 million

As Airbnb expands in Vietnam, concerns over security, overcrowding and residential quality of life continue to divide opinion.

Vietnamese shrimp sector seeks distinct path in global race

The shrimp industry of Vietnam is under growing pressure to reposition its strategy, shifting from price-based competition to higher value, stronger technology application and deeper supply chain integration.

India to ease export requirements for Vietnamese durian

India is preparing to ease import requirements by removing special conditions and additional phytosanitary declarations for fresh Vietnamese durian, a move expected to streamline access to one of Asia’s largest consumer markets.

Authorities ordered to closely monitor rollout of E10 biofuel from June 1

The Agency for Domestic Market Surveillance and Development has instructed provincial and municipal departments of industry and trade to strengthen supervision and inspections related to the nationwide rollout of E10 biofuel petrol.

Quang Ninh gives in principle approval to first offshore wind power plant

Quang Ninh has greenlit its first offshore wind project - Quang Ninh 4 Wind Power Plant, in Co To special zone, which aims at boosting clean energy supply and strengthening energy security in the northern region.

Hanoi breaks ground on 200-million-USD waste-to-energy plant

The Xuan Mai Urban Environment Company and Green Marble JSC on May 19 broke ground on the Nui Thoong high-tech waste treatment and waste-to-energy plant in Xuan Mai commune, Hanoi, with a total investment of about 200 million USD.

Vietnam imports nearly 24,000 cars from China in four months

Vietnam imported more than 72,000 completely built-up vehicles in the first four months of 2026, with Chinese-made cars recording the fastest growth among major suppliers.

Major corporate leaders face legal troubles in Vietnam in 2026

Since the beginning of 2026, a series of senior executives from major Vietnamese corporations including PC1, ACV, Vinaconex and Duc Giang Chemical Group have been prosecuted and detained.

Vietnam’s private sector faces survival test in tougher market

Vietnam’s private sector is entering a particularly significant phase - expected to contribute more than ever before, while also having to navigate an increasingly competitive and unforgiving market on its own.

Vietnam establishes government trade negotiation team

Deputy Prime Minister Pham Gia Tuc has signed a decision establishing a government negotiation delegation on international economics and trade.

Vietnam power construction giant PC1 rocked by criminal probe

Vietnam’s leading power construction group PC1 is facing mounting pressure after chairman Trinh Van Tuan and several senior executives were prosecuted over alleged accounting violations and asset embezzlement.