business news

Update news business news

Newly-established businesses jump 22.5% in first six months

Nearly 111,700 new businesses were established nationwide in the first half of 2026, up 22.5% year-on-year, reflecting resilient business activity despite ongoing market volatility, according to the National Statistics Office (NSO).

Manufacturing sector ends first half of 2026 with firm growth

The manufacturing sector ended the first half of 2026 on a firm footing, with sustained growth in output and new orders, even as supply-chain pressures and employment weakness persisted, according to S&P Global.

Vietnam earns 56.5 million USD from forest carbon credit sales to World Bank

Vietnam has earned an additional 5 million USD from the transfer of 1 million tonnes of forest-based carbon emission reductions to the World Bank, according to Deputy Director of the Department of Forestry and Forest Protection Pham Hong Luong.

Vietnam enters upper-middle-income group. What's next?

A new World Bank classification marks a major milestone for Vietnam. The country's next economic goal is escaping the middle-income trap and joining the world's high-income economies.

Vietnam collects over $58.8 billion in state revenue in first half

Vietnam's State Treasury has collected nearly two-thirds of its planned annual budget revenue while continuing to accelerate public investment disbursement.

Vietnam attracts $34.65 billion in FDI as Thai Nguyen tops new investment

Strong manufacturing investment helped Vietnam attract $34.65 billion in FDI during the first half of 2026, led by Thai Nguyen and Singaporean investors.

Domestic car production hits record as Vietnam's new vehicle supply surges

The number of new vehicles entering Vietnam's automotive market reached a record high in June, with domestically manufactured cars continuing to outnumber imported vehicles by a wide margin.

Heirs of banking tycoons step into the spotlight

After decades of growth, many billion-dollar private conglomerates founded by Vietnamese entrepreneurs are entering a new phase of succession, gradually passing leadership and wealth to the next generation.

Vietnam enters upper-middle-income group after decades of reform

Vietnam has officially joined the World Bank's upper-middle-income group, marking a major milestone after nearly four decades of economic reforms and opening a new chapter in its journey toward becoming a high-income economy by 2045.

Vietnam's GDP grows 8.18% in first half of 2026

Vietnam's economy maintained solid growth momentum in the first half of 2026, with gross domestic product (GDP) expanding by 8.18%, while average inflation, measured by the consumer price index (CPI), rose 4.38%.

World Bank classifies Vietnam as an upper-middle-income economy

The World Bank (WB) has classified Vietnam as an upper-middle-income economy after the country's gross national income (GNI) per capita rose to US$4,970 in 2025.

Vietnam lists 22 categories of income exempt from personal income tax

The Vietnamese Government has issued Decree No. 253/2026, detailing several provisions and implementation measures under the Personal Income Tax Law.

Big four’ bank executive voices concern over surging credit growth

As credit growth continues to outpace deposit growth, liquidity pressures are mounting across Vietnam's banking system. Many banks, particularly the “Big 4” state-owned lenders, have stepped up bond issuance to raise additional funding.

VinFast manufacturing arm appoints new chairman after CEO change

VinFast Production and Trading Joint Stock Company (VFTP) has announced the dismissal of Board Chairwoman Thai Thi Thanh Hai, shortly after billionaire founder Pham Nhat Vuong stepped down as the company's chief executive officer.

Battery systems are pushing solar-power prices higher

Solar power is promoted as a low-cost source of electricity. However, making it available when the power system needs it most requires pairing it with expensive battery storage systems, increasing generation costs.

Apartment prices in HCM City’s western and eastern areas vary greatly

With favorable traffic conditions, travel time from some western areas in HCM City to the city center is only about 20 minutes, less time needed from some areas in the eastern part of the city.

Vietnam's aquatic exports rise 12.8% in first half of 2026

Vietnam's aquatic exports maintained solid momentum in the first half of 2026, with turnover rising 12.8% year-on-year to nearly 5.8 billion USD, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

E10 biofuel gets off to a promising start after one month of nationwide rollout

After one month of nationwide sales, E10 biofuel has shown encouraging early results, with strong public support for the country's clean energy transition and growing consumer confidence in the quality of the new fuel.

Vietnam's fruit, vegetable exports up nearly 18% in H1

Vietnam's fruit and vegetable export turnover reached 3.65 billion USD in the first six months of 2026, up 17.8% year-on-year, making the sector one of the fastest-growing export groups in the agriculture and environment sector.

Ho Chi Minh City targets digital transformation for 100,000 SMEs by 2030

HCM City aims to support between 150,000 and 200,000 SMEs, with at least 100,000 adopting digital technology platforms and digital transformation solutions under its 2026–2030 SME Digital Transformation Project unveiled on June 30.