Business

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.

Prime Minister Pham Minh Chinh chaired the committee’s second meeting in Hanoi on August 4 to assess progress made since its first session and discuss ways to further advance the sector.

HCM City recorded more than VND 22 trillion (USD 865 million) in tourism revenue in July, a surge of 45 per cent year-on-year, the city’s Department of Tourism reported.

PM Pham Minh Chinh who heads the Steering Committee for Vietnam’s International Financial Centre (IFC), has signed a decision to establish IFC in HCM City and Danang by the end of 2025.

The EU–Vietnam Free Trade Agreement (EVFTA) has produced strong results just five years after coming into force, driving bilateral trade to nearly USD 300 billion.

In addition to the removal of restrictions on real estate investment, this law also allows SOEs to purchase securities in accordance with securities law.

The US Government has lowered reciprocal tariffs on Vietnamese imports to 20 per cent from 46 per cent, the Vietnamese Ministry of Industry and Trade (MoIT) reported on August 1.

Gia Lai Province’s Department of Industry and Trade has announced that it would soon begin reviewing licence applications for wind power projects located in the region.