Business

A growing number of Vietnamese fashion brands that once held strong positions in the market are shutting down, underscoring the brutal competition in the domestic fashion industry.

Vietnam’s prime minister has instructed state-owned economic groups and corporations to raise efficiency and target growth of at least 10 per cent in output or revenue in 2026.

Vietnam’s coffee market is buoyant as prices stay high during the harvest season, with exports earning about USD 433 million in the first 15 days of the year alone.

After a robust five-week rally to start the year, Vietnam’s stock market entered its first correction phase of 2026 last week.

Eight international cruise ships from Italy, France, Malta, Bermuda and the Bahamas are set to call at Khanh Hoa in 2026, highlighting rising global interest in the destination.

A United Kingdom trade delegation visited Vietnam from January 19 to 23, bringing together leading British companies in railways, transit-oriented development and building information modelling (BIM).

Fitch Ratings has upgraded Vietnam’s senior secured long-term debt instruments from BB+ to BBB-, according to the Ministry of Finance.

Vietnam is aiming for total agro-forestry-fishery export turnover of USD 73-74 billion in 2026, the Ministry of Agriculture and Environment said at a press briefing in Ho Chi Minh City on January 23.

Remittances to Ho Chi Minh City hit a record of more than USD 10.3 billion in 2025, with Asia and the Americas accounting for over 80 per cent of total inflows.

Vietnamese experts say the low altitude economy (LAE) is emerging as a strategic growth frontier, but warn that policy barriers must be removed if the sector is to scale and deliver long-term gains.

The southern province of Dong Nai will break ground on a 4.6-kilometre road along the Cai River on February 3, with total investment nearing VND 4 trillion (USD 152 million).

Vietnam’s wood and wood product exports exceeded USD 17.2 billion in 2025, with the US market accounting for nearly 55 per cent of total turnover despite trade headwinds.

The Government has directed provincial authorities to align their economic plans with a national target of at least 10 per cent GDP growth for 2026.

Vietnam’s export activity showed positive signs in early January, with fruit and vegetables standing out as shipments rose sharply ahead of the Lunar New Year or Tet holiday.

PM Pham Minh Chinh has issued a directive to ensure sufficient electricity supply for production and daily life in 2026-30, stressing that power shortages must not be allowed under any circumstances.

Vietravel Airlines is set to change its brand name after T&T Group became the carrier’s strategic shareholder, the airline said.

Danang City authorities have approved a plan to build a riverfront road linking the new free trade zone, with total investment of VND 1.38 trillion (about USD 52 million).

Vietnam’s biggest banks reported record deposit inflows and double-digit credit growth in 2025, strengthening their funding base as lending demand rebounded with the economic recovery.

Gia Lai Province has approved a 300-hectare industrial park project worth nearly VND 1.8 trillion, designed to develop under an ecological industrial park model.