Business

Prolonged disruptions from the Middle East conflict could cut growth and drive inflation across Asia and the Pacific, the Asian Development Bank (ADB) has warned.

Prime Minister Pham Minh Chinh has urged uninterrupted fuel supply and the swift development of strategic reserves to strengthen Vietnam’s energy security amid global uncertainty.

Vietnam has begun construction of the Hiep Phuoc LNG Power Plant in Ho Chi Minh City, marking a key step in expanding gas-fired power to support energy security.

Vietnam has lowered retail fuel prices again, with sharp cuts to petrol rates following recent tax reductions aimed at easing domestic costs.

A new global coffee alliance was launched in Hanoi on March 26 to promote sustainable development and inclusive growth across the coffee sector.

Vietnam is set to remain a standout growth market for Norwegian salmon in 2026 after exports surged 40 per cent in 2025, making it the fastest growing market in South East Asia.

Vietnam’s central bank is moving to strengthen oversight of artificial intelligence in banking, requiring institutions to notify customers when AI is used in direct interactions.

Ho Chi Minh City is set to become the first locality to list and trade pork on the Mercantile Exchange of Vietnam (MXV).

Rising incomes and changing diets drive strong demand for premium imported seafood.

Major fuel distributors accelerate biofuel adoption to cut imports and boost energy security.

Vietnam imported hundreds of millions of dollars’ worth of fruit from China in 2025, with grapes topping the list at about USD 220 million, according to trade data.

Vietnam has reduced domestic petrol and oil prices sharply following an adjustment by the ministries of Industry and Trade and Finance on March 25.

Warburg Pincus has expressed interest in joining Vietnam’s planned international financial centre and supporting the development of its capital markets.

Vietnam’s rice exports are facing shipping delays and rising costs as tensions in the Middle East disrupt logistics, prompting traders to reassess contracts, officials said on March 24.

Vietnam raised domestic fuel prices from 11 pm on March 24 following a joint decision by the ministries of industry and trade and finance, citing ongoing instability in the Middle East.

The Asian Development Bank (ADB) has announced a financial support package to help developing member countries mitigate economic fallout from the Middle East conflict.

Prime minister Pham Minh Chinh attended the Vietnam-Russian Federation business forum in Moscow on March 24, as part of his official visit to Russia.

Vietnam is considering halving environmental protection tax on fuel products until mid-2026 to ease cost pressures and help control inflation amid volatile global energy prices.

Vietnam is stepping up efforts to diversify fuel supply sources to meet domestic demand as global markets face disruption from Middle East tensions.