Business

As Hanoi’s cold and rainy weather persists in the run up to the Lunar New Year, many flower vendors are spending their nights on the pavement to guard their Tet stock.

Prime Minister Pham Minh Chinh has approved the establishment of the Haiphong Special Economic Zone, covering 5,300 hectares across six communes in Haiphong City.

The Ministry of Finance has defended its plan to impose a 0.1 per cent tax on gold bar transactions from July 1, 2026, saying the measure is designed to curb speculation and stabilise the market.

Vietnam has officially launched the Vietnam International Financial Centre, marking the start of operations for a project described as a strategic step in the country’s global financial integration.

Supermarkets across Ho Chi Minh City have been packed as residents rushed to buy food and gifts for Tet, leaving long queues at checkouts and crowded aisles.

Vietnam’s self-drive car rental market is showing signs of cooling ahead of Lunar New Year or Tet holiday, with many rental firms seeking customers and electric vehicles emerging as a growing draw.

Orchid shops in Nghe An Province are seeing a surge in Tet demand, with skilled arrangers saying they are fully booked and earning millions of dong a day.

Airports Corporation of Vietnam has recovered more than VND 5.1 trillion in receivables as domestic airlines rebound from Covid 19, though debts owed by Bamboo Airways continued to rise.

The Ministry of Finance (MoF) has announced a new circular that introduces amendments to regulations concerning information disclosure, trading securities and the operations of securities companies.

Nearly 24,200 new businesses were established nationwide in January, surging 40.9 per cent from December and 126.8 per cent year on year.

Authorities in Danang have destroyed 6,500 packs of smuggled cigarettes deemed unfit for circulation, the city’s civil enforcement agency said.

Vietnamese supermarkets are ramping up discounts and in-store promotions in the final days before the Lunar New Year, as consumer spending remains more subdued than in previous Tet seasons.

Pork prices at many traditional markets in Ho Chi Minh City have been climbing steadily in the run-up to Tet, leaving many shoppers startled by the sharp increases.

Vietnam’s year-end online shopping rush has overwhelmed delivery services, leaving customers facing delays of up to six days as couriers race to clear warehouses before their Lunar New Year break.

Vietnam’s prime minister has ordered officials to urgently finalise proposals for a national gold exchange, as the Government steps up efforts to manage monetary and fiscal policy in 2026.

The draft sets out tax policies for crypto asset transactions and business which align largely with the current taxation framework applied to securities trading.

The Vietnam Stock Exchange (VNX) met with global index provider FTSE Russell to discuss next steps to support the sustainable development and upgrading of Vietnam’s stock market.

Several Vietnamese banks are targeting double-digit profit growth, with some aiming for tens of trillions of dong in pre-tax profit.

Vietnam’s agricultural, forestry and fishery exports opened the year on a strong note, reaching nearly USD 6.51 billion in January, a rise of 29.5 per cent year on year.