Business

Thousands of employees in banking, technology, and other industries have lost their jobs in recent months due to downsizing, with many industrial zones also reporting large-scale workforce cuts.

A company in the northern province of Phu Tho has been caught turning a thousand tonnes of frozen Indian buffalo meat into Ha Giang-branded smoked buffalo meat.

Vietnam’s industrial output rose 8.6 per cent year-on-year in January to July 2025, driven mainly by manufacturing and processing industries, official data show.

China’s Laoling City, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.

As global markets shift toward sustainability and environmental accountability, Vietnam’s textile and garment industry is aligning its growth strategy with the circular economy model.

Vietnamese seafood enterprises are increasingly turning inward, seeking to boost domestic consumption due to challenges in exports, particularly in the US market.

Vietnam on August 8 launched VietnamUSA.Arobid.com, the country’s first B2B e-commerce platform specifically designed to help Vietnamese businesses access the US market.

Vietnam’s central bank has lifted the 2025 credit growth cap and cut lending rates to help meet the Government’s GDP growth target of 8.3 to 8.5 per cent.

Vietnam sees growing export opportunities in Malaysia, a nearby market with strong purchasing power and a similar consumer culture.

Hanoi Railway One-Member Limited Liability Company (Hanoi metro) posted a post-tax profit of VND 9.98 billion (USD 380,000) in the first half of this year, nearly triple the same period last year.

Vietnam raised retail petrol prices and lowered diesel and kerosene rates from 3pm on August 7, following an adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Sun Air JSC, a subsidiary of Sun Group, has proposed to restart construction of the civil component of Phan Thiet Airport in Lam Dong Province on August 19, following a lengthy suspension.

Vietnam recorded a trade surplus of USD 10.18 billion in the first seven months of 2025, driven by strong growth in both exports and imports, according to the National Statistics Office.

As of June 30, 28 commercial banks reported a total of 279,518 employees, down 2,857 from December 31, 2024.

Vietnam's meat and dairy imports reached nearly USD 2.6 billion in the first seven months of the year, up almost 23 per cent from the same period last year.

Vietnam’s Consumer Price Index (CPI) is estimated to have increased by 3.2 - 3.3 per cent in the first seven months of 2025 compared to the same period last year.

The central bank called on credit organisations to cut costs and profits to lower lending rates further, supporting households and firms.

The US's new 20 per cent reciprocal tariff on Vietnamese imports, down from 46 per cent, will not derail investment flows into Vietnam.

Hanoi police have confiscated thousands of suspected counterfeit luxury items from two shops in My Dinh.