Business

Vietnam's total import and export turnover reached USD 549.69 billion in the first six months of 2026, up 27.1 per cent year on year, driven by strong growth in both exports and imports.

Vietnam's economy expanded by 8.18 per cent in the first six months of 2026 from a year earlier, driven by strong industrial output, rising investment and robust trade.

Danang's economy grew by 9.52 per cent in the first six months of 2026, although the city fell short of its target of achieving double digit growth, according to local statistics officials.

Authorities in Ha Tinh have officially terminated the long stalled Thach Khe iron mine project, ending one of Vietnam's largest mining investments after years of inactivity.

Vietnam's seafood exports rose strongly in the first half of 2026, but surging container freight rates are threatening exporters' profit margins and delivery schedules.

Vietnam has shipped its first batch of tilapia fillets to Japan for use in sushi and sashimi, marking a new milestone for one of the country's fastest growing seafood exports.

Ho Chi Minh City's economy expanded 8.55 per cent in the first six months of 2026, driven by resilient consumer spending, steady industrial output, a tourism recovery and strong foreign investment.

Vietnam has lowered retail fuel prices, with petrol falling by up to VND 1,050 per litre from 4 pm on July 2 following a decision by the ministries of Industry and Trade and Finance.

The Vietnamese Ministry of Construction has estimated that VND 334.6 trillion (about USD 12.7 billion) in state funding will be needed between 2026 and 2030 to develop 12 expressway projects.

Singapore has become the latest country to connect with Vietnam's cross-border QR payment system, allowing visitors to pay by scanning VietQR codes without using cash.

Vietnam has officially been reclassified as an upper-middle-income economy by the World Bank after its gross national income per capita reached USD 4,970.

has proposed adding five airports to the national aviation development plan while dropping plans for a new international airport in Haiphong.

Authorities in Ca Mau Province broke ground on a VND 6.32 trillion (about USD 242 million) wind farm on  Wednesday as Vietnam continues to expand its renewable energy capacity.

Hanoi plans a second airport in Ung Hoa and Chuyen My communes, prioritising construction in 2031-2045.

More than 30 international airlines have expressed interest in operating flights to Long Thanh International Airport in Dong Nai City ahead of its planned opening later this year

Ho Chi Minh City broke ground on eight infrastructure projects worth USD 9.6 billion on July 1, aiming to strengthen transport links with Cambodia and the country's south eastern coastal region.

Petrol prices in Vietnam increased by up to VND 1,430 per litre from July 1 after the government reinstated the special consumption tax, while diesel and fuel oil prices remained unchanged.

Vietnam consumed about 800 million litres of E10 biofuel between June 1 and June 24, as motorists rapidly adopted the new fuel following its nationwide rollout.

Vietnam earned more than USD 22.8 million from star anise exports in the first five months of the year, reinforcing its position as the world's second largest producer of the high value spice.