Business

The unofficial USD exchange rate in Vietnam has surged past VND 27,000 per dollar, nearly VND 900 higher than bank rates, as many lenders list the currency at their ceiling prices.

Leaders of Ho Chi Minh City attended the groundbreaking ceremony on March 9 for a clean food processing plant worth more than VND 6 trillion (USD 235 million).

Vietnam’s finance ministry has proposed cutting the most-favoured-nation import tariff on several fuel products to 0 per cent as a temporary measure to stabilise supply and strengthen energy security.

Vietnam’s stock market tumbled at the start of trading on March 9 as oil prices surged to USD 118 a barrel, triggering widespread sell-offs and sending the VN-Index down more than 100 points.

Vietnam ranks 52nd globally and 8th in Asia in the Innovation Business Environment Index (IBEI) released by StartupBlink.

Vingroup has proposed building a 14-km sea-crossing route connecting Can Gio with Vung Tau, with construction expected to begin in the second quarter of 2026.

Several fuel retail outlets in Hanoi have temporarily stopped selling petrol or reduced operating hours after a sharp increase in fuel prices led to supply shortages.

Gold prices in Vietnam fell sharply over the past week, leaving investors who bought at recent peaks facing losses of up to VND 9 million per tael.

Prime Minister Pham Minh Chinh has called for the development of a modern aviation economic zone linked to Gia Binh International Airport in Bac Ninh Province.

Vietnam is gaining global attention as a fast-growing economy, with strong manufacturing performance, rising investment and deeper participation in global supply chains.

Facing abundant global supply and high inventories, Vietnam’s rice sector is accelerating a shift toward higher-quality exports to sustain growth and boost value.

Vietnam continued to sharply raise petrol and oil prices on March 7, following global energy market volatility linked to rising tensions in the Middle East.

Vietnam’s total trade reached USD 155.7 billion in the first two months of 2026, up 22.2 per cent year on year, while the country recorded a trade deficit of USD 2.98 billion.

Four Vietnamese banks have secured spots among the world’s 100 strongest banking brands in the Brand Finance Banking 500 2026 report.

Rising tensions in the Middle East may push up oil prices and inflation, but analysts say the overall impact on Vietnam’s economy is likely to remain limited and short-term.

Construction of a waste-to-energy plant capable of processing 1,600 tonnes of waste per day and generating 40MW of electricity began in Hung Yen Province on March 6.

Vietnam’s Ministry of Industry and Trade said the country’s fuel supply for March is largely secured, urging the public to remain calm, conserve energy and calling on businesses not to hoard fuel.

HCM City has approved a plan to establish a VND 500-billion venture capital fund to mobilise social resources for the city’s innovation startup ecosystem and technology enterprises.

EU ambassadors have acknowledged Vietnam’s efforts to combat IUU fishing, as PM Pham Minh Chinh reaffirmed the country’s commitment to sustainable fisheries and closer cooperation with the EU.