Business

HCM City is pressing ahead with measures to ensure its 2025 economic growth target of 8.5 per cent or higher, with GDP expansion in the second half of the year expected to reach 10.3 per cent.

HCM City plans to convert more than 3,200 buses to electric or green energy by 2030, at an estimated cost of VND 13,511 billion (approximately USD 531 million).

Vietnam continues to draw strong interest from foreign investors, with capital inflows from the US and Europe emerging as a significant driver of growth.

Vietnam's electric vehicle (EV) maker VinFast announced on August 26 that it will showcase its first electric buses in Europe at Busworld Europe 2025, slated for October 3-9 in Brussels, Belgium.

Vietnam has officially removed the state monopoly on gold bullion production, marking a significant shift in the country’s gold market dynamics.

Ride-hailing fares in Hanoi and HCM City have surged, especially for cars, with rates doubling or even tripling in some areas, yet passengers have still found it hard to get a ride.

As AI is fast becoming a strategic technology, Vietnam has been quick to recognise the challenge posed by a shortage of high-quality AI professionals and is stepping up efforts to bridge the gap.

The United States recently imposed a 20 per cent countervailing tax on goods originating from Vietnam, a level that presents challenges but remains manageable for domestic enterprises.

Automaker VinFast, a subsidiary of conglomerate Vingroup, announced it will debut its first battery-swapping electric motorbike model, Evo Max, in this October at an expected price of VND 20 million.

Crop production, which accounts for about 80 per cent of total greenhouse gas emissions in Vietnam’s agriculture sector, is now at the centre of efforts to build greener, more sustainable farming.

The deal with the State Bank of India (SBI) marks an important step in VinFast’s strategy to expand its presence and promote green mobility in India.

Vietnam aims to see at least 30 State-owned enterprises (SOEs) with net revenue exceeding USD 1 billion each by 2030, according to a finance ministry strategy on developing the State economic sector.

To celebrate National Day on September 2, supermarkets in Hanoi are extending opening hours and offering steep discounts to attract shoppers.

The SBV is gathering public comments for draft decrees on the licensing and operation of banks, foreign exchange management, AML and anti-terrorist financing at the International Financial Centre.

Hundreds of sturgeon farms in Lao Cai Province are struggling to sell their fish as cheap imports from China flood the market.

Ben Thanh underground station of HCM City’s Ben Thanh-Suoi Tien metro route (Metro Line 1) will serve as one of four key venues for the City Sale promotion.