business news

Update news business news

Hanoi builds attractive investment ecosystem for FDI enterprises

As Hanoi accelerates development, foreign-invested industrial parks are expanding, research and innovation centres are emerging, and strategic infrastructure projects are being rolled out.

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.

Vietnam should avoid making Euro 5 a new licensing burden

Vietnam's new technology transfer rules have raised concerns that manufacturers may need additional approval to transfer Euro 5 automotive technology - even though Euro 5 vehicles remain fully legal to produce and sell.

Why major gym brands are closing locations in Vietnam

A series of club closures by major gym operators signals a turning point for Vietnam's premium fitness market, where changing lifestyles and mounting costs are challenging traditional business models.

Vietnam's Big Four banks hold over half of customer deposits

Customer deposits at 28 Vietnamese banks rose during the first half of 2026, with the Big Four state-owned lenders maintaining a commanding market share.

Vietnamese businesses prepare for the next era of cross-border trade

The Gori Global Logistics Summit 2026 brought together logistics specialists, technology leaders and Vietnamese enterprises to explore practical strategies for expanding into global markets.

Vietnam must look beyond banks for growth capital: experts

The demand of about 38.5 quadrillion VND of investment capital in the 2026-2030 period raises the need to open more new capital mobilization channels, reducing dependence on bank credit.

Older affordable flat sales stall as buyers wait for price cuts

Prices of older apartment units have fallen by 5-15 percent from the end of last year. Even after accepting discounts of hundreds of millions or even billions of dong, homeowners are still struggling to find buyers.

Vietrade signs cooperation agreement with Meta to support SMEs

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade signed a memorandum of understanding (MoU) with Meta on July 31 in Singapore to support Vietnamese businesses in digital transformation and market expansion.

Impressive growth poses macroeconomic balancing challenge: experts

Overall, strong first-half performance has prompted several international institutions, including Standard Chartered, UOB and DBS, to raise their growth forecasts for Vietnam. Standard Chartered projects GDP growth of 9.5% in 2026 and 11% in 2027.

Free trade agreements give Vietnam's exports powerful boost

The effective use of new-generation free trade agreements (FTAs) has enabled Vietnamese businesses to expand into new markets, strengthen their competitiveness and integrate more deeply into global value chains.

Agro-forestry-aquatic product exports rise nearly 12% in July

Vietnam's agro-forestry-aquatic product exports were estimated at 6.67 billion USD in July 2026, up 1.3% from the previous month and 11.9% year-on-year, according to the Ministry of Agriculture and Environment.

Vietnam's import-export turnover up 28% in first seven months

Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year.

Registered business capital surges 63.6% in seven months

Vietnam's newly registered business capital soared 63.6% year-on-year in the first seven months of 2026, even as a wave of business closures underscored an accelerating shakeout across the corporate sector.

Cuts to conditional business sectors, lines must be substantive: NA Chairman

Vietnam’s push to slash conditional business sectors and lines must deliver substance, not just headline numbers, said Chairman of the National Assembly (NA) Tran Thanh Man.

Tax relief measures extended to support economy, curb inflation

Vietnam will continue tax cuts, tax payment extensions and fee reductions to support people and businesses amid inflationary pressures while helping maintain macroeconomic stability, Deputy Minister of Finance Nguyen Duc Chi said.

Singapore & South Korea lead Vietnam's US$38 billion FDI surge in first 7 months

Vietnam's foreign investment inflows accelerated sharply in the first seven months of 2026, supported by billion-dollar projects from several Asian economies.

Why Vietnam is rethinking its development model after 40 years

Vietnam believes the growth model that fueled four decades of success has reached its limits, prompting a broader transformation of its national development strategy.

Bank employee income jumps in Vietnam as rankings see major shake-up

Vietnam's banking sector is paying employees more than ever, with MB emerging as the country's highest-paying lender and several long-time leaders slipping down the rankings.

Thai conglomerates reap strong returns from long-term bets on Vietnam

Years of sustained investment are paying dividends for Thailand's biggest companies as Vietnam continues to emerge as one of their most important overseas markets.