Business

Vietnam imported nearly 3.4 million tonnes of fuel in the first quarter of 2026, worth over USD 2.9 billion, marking sharp increases in both volume and value.

Vietnam Airlines reported strong profit growth in 2025, driven by a sharp rebound in international routes and record passenger volumes.

Nearly 20 commercial banks in Vietnam have cut deposit rates after committing to the State Bank of Vietnam to help lower borrowing costs for businesses.

A Swiss led investor group plans to build a USD 100 million dairy plant in Tay Ninh Province, tapping into Vietnam’s fast growing milk market.

Vietnam’s National Assembly has approved a temporary cut of key fuel taxes to zero, aiming to stabilise supply and ease pressure from global energy price volatility.

Vietnam has begun construction of a 120 km high-speed railway linking Hanoi and Quang Ninh, expected to cut travel time to just over 20 minutes.

VinFast, a unit of Vingroup, reported a 127 per cent on-year jump in domestic electric vehicle deliveries in March, cementing its lead in Vietnam’s auto market amid a rapid shift to greener vehicles.

Vietnam has reiterated its strong backing for the multilateral trading system and the World Trade Organisation during high level talks in Geneva.

Vietnam’s footwear industry, with about 90 per cent of output exported, is facing mounting risks from geopolitical tensions, highlighting the need to strengthen resilience and policy support.

Authorities in Khanh Hoa Province have signed an investment deal for an LNG power plant worth over USD 2.2 billion, expected to supply around 9 billion kWh annually.

Ho Chi Minh City will issue investment registration certificates within 15 working days under a new mechanism aimed at speeding up procedures and improving the investment climate.

National Assembly Chairman Tran Thanh Man left Hanoi on April 11 to attend the 152nd IPU Assembly in Istanbul and pay official visits to Turkey and Italy.

Demand for electric motorbikes in Vietnam is rising sharply as higher fuel prices linked to Middle East tensions weigh on petrol powered vehicles.

Vietnam’s textile and garment sector has overtaken China in the US market, but geopolitical risks and supply dependence threaten its USD 49 billion export target for 2026.

Vietnam’s tax authority has ordered a review of 302 companies reporting annual revenues above VND 1 trillion (approximately USD 40 million) but posting losses for two consecutive years.

Vietnam’s economy is forecast to grow by 7.2 per cent in 2026 and 7.0 per cent in 2027, down from 8.0 per cent in 2025, as external risks rise amid global uncertainty, the Asian Development Bank said.

Authorities in Danang City have fined seven businesses more than VND 215 million (approximately USD 8,200) and ordered the destruction of counterfeit goods following surprise inspections.

Vietnam’s rapid growth in electric vehicles is unlikely to strain total power demand in the near term, but officials warn of potential local grid overload if charging infrastructure lags behind.

Vietnam has its first European-standard aircraft maintenance training organisation after VAECO secured EASA Part 147 certification, marking a milestone for the aviation sector.