Business

Multiple flights cancelled or rerouted amid Pakistan airspace closure

Dozens of Asia-bound and Europe-bound flights have been cancelled or diverted as Pakistan and northwestern India temporarily closed their airspace amid escalating tensions between the two nations.

Petrol prices drop again, RON 95 nears VND19,000 per litre

Fuel prices in Vietnam continued their downward trend, with petrol and oil prices falling by VND380–660 per litre from 3 pm today.

Stock market upgrade expected by September

Vietnam’s stock market is on the brink of a significant transformation, with expectations mounting for an upgrade to emerging market status by September.

Vietnamese businesses invest 309.3 million USD abroad in four months

Vietnamese firms invested a total of 309.3 million USD abroad in the first four months of 2025, nearly tripling the figure from the same period last year, according to the National Statistics Office.

Vietnam’s reform efforts boost business confidence: Official

The first months of 2025 have seen increases in both new business registrations and firms returning to the market, Deputy Finance Minister Tran Quoc Phuong has said.

Digitalisation can reduce persistent inequality in Asia and the Pacific

Digitalisation can be a powerful tool to help reduce persistent economic inequality in Asia and the Pacific, according to a new report by the Asian Development Bank.

Mekong Delta farmers forced into roadside selling as durian prices plunge

Durian prices have dropped sharply in the Mekong Delta region, leaving many farmers struggling to find buyers and resorting to selling their fruit on roadsides.

Vietnam attracts US$13.82 billion in FDI in four-month period

Vietnam recorded US$13.82 billion in foreign direct investment as of April 30, representing a year-on-year rise of 39.9%, according to the Foreign Investment Agency under the Ministry of Finance.

Vietnamese banks continue layoffs

A wave of staff cuts and streamlining continued at many Vietnamese big banks in the first quarter of this year.

Finance ministry considers 20% tax rate on gain from property transfers

The Ministry of Finance is considering introducing a tax rate of 20 per cent on gains from real estate transactions, as part of its review into personal income tax reforms.

ADB president calls for collective action to solve complex challenges

The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda has said.

Fuel prices further fall

Retail fuel prices have declined again from 3 pm today, May 5.

EC postpones Vietnam’s seafood inspection until year end

The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025.

Vietnamese airports serve over 2 million passengers during holiday

Vietnamese airports welcomed 2.1 million passengers during the Reunification Day April 30-May Day holiday.

ADB support for food security to reach USD40 billion by 2030

The Asian Development Bank (ADB) has announced plans to raise its total funding for food security initiatives to USD40 billion over 2022–2030.

Danang’s HPIZA to manage free trade zone as construction begins

The Danang Free Trade Zone with key function sites for manufacturing, a logistics centre and trade and services, would need an investment of VND40 trillion (USD1.6 billion).

Vietnam studies nuances for successful Halal tourism

While Vietnam is beginning to tap into the Halal tourism market, the country still faces challenges in meeting its unique cultural and religious needs.

Vietnamese businesses catch market trends in Canada

The Vietnamese companies showcased a wide range of goods, from raw input materials for production chains to high-value processed food products.

Construction of first locally-owned semiconductor factory begins

CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.