Business

Vietnam, Brazil set sights on US$15 billion trade target by 2035

President Lula da Silva and PM Pham Minh Chinh pledged to create favorable conditions for bilateral trade to reach US$15 billion by 2035 during the Brazil-Vietnam Economic Forum in Hanoi on March 29.

EU deforestation rules pose challenges for rubber production in Vietnam

Vietnam and Cambodia share a strong partnership in natural rubber trade and investment, according to participants at a seminar held in Phnom Penh.

Vietnamese auto market sees clear transition to EVs

The trend of transitioning to electric vehicles in Vietnam is becoming increasingly evident, with a clear focus on sustainability, cost savings and enhanced user experience.

Finance ministry proposes bringing down imports tariffs on essential goods

The Ministry of Finance has submitted a proposal to the Government regarding tax policies to enhance Vietnam’s trade competitiveness and align its tariff structure with global economic shifts.

Foreign investors profit from Vietnam's cinemas

Vietnam's cinema market is experiencing rapid growth, attracting significant foreign investment.

MoF seeks feedback on VAT cut plan to boost economy

The Ministry of Finance is seeking public comments on a draft resolution proposing a 2% reduction in value-added tax (VAT) to stimulate consumption, support businesses and promote economic growth.

Vietnam, Singapore seek cooperation chances in semiconductor industry

The Vietnam Trade Office in Singapore has organised a hybrid seminar to introduce Vietnam's development strategies for the semiconductor industry.

Ministry proposes tripartite mechanism to manage cryptocurrency exchanges

The Ministry of Finance has submitted a draft resolution to the Government proposing a pilot programme for the issue and trading of cryptocurrencies and digital assets.

Tour companies forced to cancel trips after North Korea halts tourist entry

Several Vietnamese travel agencies have expressed disappointment after North Korea abruptly announced the suspension of tourist visits to the Rason Special Economic Zone.

VN-Index stalls under profit-taking pressure, macroeconomic concerns

After an impressive eight-week rally, the market showed signs of fatigue, with the VN-Index edging lower, prompting investors to adopt a more cautious stance.

Investment for mega port project in Ba Ria - Vung Tau approved

The project will require an investment of over 2.38 trillion VND and will be implemented on a land area of approximately 41.65 hectares.

Vietnamese enterprises shift towards deep processing to increase exports

Vietnamese enterprises are making a strong transition to enhance product value and conquer international markets, moving away from exporting fresh or minimally processed products.

Vietnam's small business growth soars to a four-year high

Vietnamese small businesses experienced a successful 2024, with 82% reporting growth, up from 77% in 2023 - the country’s highest result since 2019.

Businesses struggle to absorb credit

Vietnamese banks have launched preferential loan packages early in 2025 to boost credit growth. However, businesses' ability to absorb credit remains lower than the same period in 2024.

Danang seeks Dragon Bridge night market investor

Authorities of the central city of Danang are seeking investors to build a night market by the Dragon Bridge in Son Tra District.

Toyota Motor produces 700,000th car in Vietnam

Toyota Motor Vietnam (TMV) rolled out its 700,000th car on March 19, becoming the first automaker in Vietnam to reach this milestone.

Gold prices hit all-time highs in Vietnam

The Vietnamese gold market continued to set records on Wednesday, following global trends.

Gold prices reach new record highs in Vietnam

Gold prices in Vietnam surged to new record highs on March 18 to above VNĐ98 million ($3,858) per tael.

Vietnam among world’s fastest-growing economies in terms of trade

Vietnam is set to rank among the world’s 30 fastest-growing economies in both trade-growth speed and absolute volume increase by 2030, according to a forecast by German logistics provider DHL.