business news

Update news business news

H&M, Nordic businesses seek suppliers in Vietnam

Swedish multinational fast fashion retailer H&M and other Nordic businesses will send a delegation to the Vietnam International Sourcing 2025, slated for early September in Ho Chi Minh City, to seek business partnerships.

Shrimp industry's 'green revolution' positions Australia as strategic market

The shrimp industry is undergoing a 'green revolution', with a significant shift from traditional methods to technology-based production and digital transformation.

Green capital encouraged for economic development

Vietnam is taking drastic steps to mobilise green capital being a cornerstone in its economic development strategy for the long term, especially in private and agriculture sectors.

Vietnamese tech firm VNG makes Fortune Southeast Asia 500 in 2025

Fortune magazine has listed VNG among the top 500 companies in Southeast Asia in 2025 for its strong financial growth and strategic operations.

Bamboo Airways chairman resigns, fifth leadership change since 2022

Phan Dinh Tue, chairman of the Board of Directors at Bamboo Airways (officially Viet Bamboo Aviation JSC), has submitted his resignation. His departure marks the fifth chairman to exit the role since 2022.

International airport planned in new Ninh Binh Province under private proposal

Xuan Truong Construction Company has proposed investing in an international airport, two main traffic routes, and nine bridges in the newly merged Ninh Binh Province, using only local funds and private sector capital.

Vietnam spends $2B on cashews, imports from Cambodia soar

Vietnam's cashew industry slips into trade deficit as imports - especially from Cambodia - skyrocket in early 2025.

Vietnam’s central bank warns of gold price speculation amid widening gap

State Bank of Vietnam sees SJC domestic gold prices climb against global trends, possibly due to profiteering.

HCM City draws over 2.86 bln USD in IZ investment during 2020–2025

Fifteen hi-tech projects (6% of the new projects) have combined investment of 859.87 million USD, or 44.17% of the total newly registered capital.

Vietnam to reduce VAT to 8% and introduce new business ownership rules

Starting from July 1, 2025, to December 31, 2026, the value-added tax (VAT) rate will be reduced to 8% for specific goods and services as outlined in Clause 3, Article 9 of the Law on VAT.

Deputy PM calls for strong reforms of State-owned enterprises

Deputy Prime Minister Nguyen Chi Dung has called for bold and strategic reforms to unlock the full potential of State-owned enterprises (SOEs), urging a clear shift in mindset and approach to governance, investment and development.

Da Nang launches 1,880-hectare free trade zone with 7 key areas

Vietnam’s central city takes a bold economic leap with a new trade zone integrating logistics, tech, and services across strategic locations.

Malaysia plans to support Vietnam in developing Halal food centre

The Veterans Association of Malaysian Armed Forces (VAMAF) is planning to assist Vietnam in establishing a Halal food centre to strengthen bilateral ties and enhance Malaysia’s global trade outreach.

A new symbol of responsible production

Vietnam’s rice industry marked a significant milestone on June 5 with the export of the first batch of rice under the brand “Green and Low-Emission Vietnamese Rice” to Japan, one of the most demanding markets in the world.

Vietnam eyes to expand market for processed coffee

In 2025, Vietnam aims to increase coffee export turnover to 8-10 billion USD, focusing on expanding markets for processed coffee and shifting to higher value chains.

Supporting industries aim for deeper engagement in global supply chains

With a stable political environment, strategic location, and a young, dynamic workforce, Bac Ninh continues to attract strong inflows of foreign direct investment (FDI).

Three nations snap up 41% of Vietnam’s pepper exports

Vietnam’s “black gold” fetches USD 690 million in five months, led by big purchases from the U.S., Germany, and India.

Understanding why SBV won’t step into SJC gold pricing

Although Decree 24 empowers the State Bank of Vietnam (SBV) to intervene and stabilize the gold market, it does not authorize the SBV to control the buying and selling prices of SJC gold bullion set by enterprises or commercial banks.

Outlook for Vietnam's banks in 2025 remains stable

The outlook for Vietnam's banks in 2025 is stable, but challenges remain, especially risks from real estate and liquidity pressure at some small-scale banks, experts said at a recent conference.

Coffee exports hit record on EU, US demand

Vietnam’s coffee export outlook remains optimistic, projecting the full-year export value at 7 billion USD.