Business

Vietnam recorded US$13.82 billion in foreign direct investment as of April 30, representing a year-on-year rise of 39.9%, according to the Foreign Investment Agency under the Ministry of Finance.

A wave of staff cuts and streamlining continued at many Vietnamese big banks in the first quarter of this year.

The Ministry of Finance is considering introducing a tax rate of 20 per cent on gains from real estate transactions, as part of its review into personal income tax reforms.

The uncertainties facing Asia and the Pacific are also an opportunity to build a more resilient and sustainable future, Asian Development Bank (ADB) President Masato Kanda has said.

Retail fuel prices have declined again from 3 pm today, May 5.

The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025.

Vietnamese airports welcomed 2.1 million passengers during the Reunification Day April 30-May Day holiday.

The Asian Development Bank (ADB) has announced plans to raise its total funding for food security initiatives to USD40 billion over 2022–2030.

The Danang Free Trade Zone with key function sites for manufacturing, a logistics centre and trade and services, would need an investment of VND40 trillion (USD1.6 billion).

While Vietnam is beginning to tap into the Halal tourism market, the country still faces challenges in meeting its unique cultural and religious needs.

The Vietnamese companies showcased a wide range of goods, from raw input materials for production chains to high-value processed food products.

CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.

Vietnam's cat fish exports continued its strong recovery in March, reaching 182 million USD, up 21% month-on-month and 16% year-on-year.

Vietnam will require an annual investment of around 16–18 billion USD from now until 2035 to implement its revised National Power Development Plan (PDP VIII).

According to statistics from Yuanta, market-wide revenue and post-tax profit rose by approximately 20.1% and 50.8% year-on-year, respectively, buoyed by the low comparative base of 2024.

The overseas Vietnamese (OV) community is increasingly recognised as a key force and an effective distribution channel, driving the growth of Vietnam’s exports.

Prime Minister Pham Minh Chinh has asked agencies and localities to finish all necessary procedures and start construction of the Lao Cai-Hanoi-Haiphong railway project on December 12.

Vietnam’s demand for gold bars and coins fell by 15% year-on-year to 12 tonnes in the first quarter of 2025, according to the World Gold Council (WGC).

Between 2021 and 2036, CEBR forecasts that the position of Vietnam in the World Economic League Table will improve considerably, with its ranking rising from 41st to 20th by 2036.