Business

The reciprocal tariff rate announced by the US for Vietnam and other countries on August 1 will be a major factor affecting the USD/VND exchange rate in the short term, experts forecast.

Trade Counselor Bui Trung Thuong recently attended the Asia-Africa Global Investment Summit 2025 in New Delhi to promote Vietnam’s engagement in the promising markets of Africa and Asia.

The banking sector has been shifting its focus toward start-ups, reflecting a broader regulatory and institutional alignment with private sector innovation.

Petrolimex will initially offer E10 at 36 retail outlets across HCM City, while PVOIL will pilot the product at six sites, four in Hanoi and two in Haiphong City.

Ho Chi Minh City’s real estate market is showing early signs of recovery, with new supply prospects boosted by streamlined legal procedures and lower bank lending rates.

Vietnam has risen to become the second largest exporter of smartphones to the US, trailing only behind India, according to global technology vendor Canalys.

Vietnamese consumers are estimated to spend roughly VND 1.23 trillion (USD 46.98 million) on online shopping every day, up 25 per cent from last year.

Vietnam is stepping up efforts to achieve an ambitious GDP growth target of 8.3–8.5 per cent this year, despite global uncertainties and divergent economic forecasts.

The US spent USD12.8 billion on importing footwear and textiles from Vietnam in the first half of this year.

Vietnam’s imported automobile market recorded impressive growth in the first half of 2025 as domestic consumption and investment rebound.

With strong innovation and R&D investment, private firms are helping elevate Vietnam’s brands globally and establish a stronger presence in international markets.

Ho Chi Minh City remains a prime destination for northern investors, as revealed at a discussion on Vietnam Real Estate Market Outlook H1 2025.

Vietnam’s steel industry is shifting focus to the domestic market as export challenges persist, driven by global price pressures, geopolitical risks, and increasing trade barriers.

Vietnam is aligning 5G and AI to generate real economic value for businesses and society.

The development of a raw materials centre for textile and leather footwear production is expected to help the industries to reduce reliance on imported inputs to boost their competitiveness.

Vietnam’s commercial banks have begun to slightly lower deposit and lending rates, aiming to boost credit access and support economic growth, according to the State Bank of Vietnam (SBV).

Vendors at Hanoi’s largest used motorbike market are seeing an unprecedented sales slump following the city’s plan to ban petrol-powered bikes from July 2026.

Standard Chartered Bank has revised its forecast for Vietnam’s 2025 GDP growth to 6.1 per cent, down from a previous estimate of 6.7 per cent, according to its latest report released on July 24.

Stavian Recycling JSC has officially received the Investment Registration Certificate for its Stavian Plastic Recycling Complex, to be built in the Nghi Son Economic Zone in Thanh Hoa Province.