Business

Some electric taxi operators in Vietnam have reduced fares to stimulate demand even as petrol-powered taxis raise prices following a sharp rise in fuel costs.

Vietnam’s economic outlook for 2026 remains positive thanks to strong fundamentals and domestic growth drivers, though global geopolitical tensions and trade shifts pose risks, according to UOB.

Vietnam adjusted retail fuel prices from 10 pm on March 12 as authorities sought to stabilise the market amid tensions in the Middle East.

The Ministry of Industry and Trade (MoIT) on March 12 launched a digital platform on overseas market development, with Deputy Prime Minister Bui Thanh Son attending and delivering a keynote address.

Vietnam will send 4,200 workers to the Republic of Korea (RoK) in 2026 under the Employment Permit System (EPS).

Vietnam has reduced retail fuel prices by up to nearly VND 8,000 (about USD 0.3) per litre after a recent spike, ending four consecutive increases.

The HCM City People’s Committee met with a joint venture of investors and international partners on March 11 to discuss plans for an AI data centre project at Tan Phu Trung Industrial Park.

PM Pham Minh Chinh has demanded developing a "silver economy" with harmonious cultural, political, economic and social progress that turns the burden of ageing into a development opportunity.

A shipment of 63,000 tonnes of LNG imported by PV GAS has arrived safely in Ho Chi Minh City after passing the Strait of Hormuz before tensions escalated in the Middle East.

Authorities in the central province of Nghe An have approved the VND 60 trillion (USD 2.28 billion) Quynh Lap LNG-fired power plant with a capacity of 1,500 MW.

Vietnam’s aviation authority has proposed allowing fuel surcharges on domestic air tickets and adjusting fare caps on local routes as airlines face soaring jet fuel costs.

Forbes has released its World’s Billionaires List 2026, featuring a record 3,428 billionaires worldwide, with Vietnam having eight representatives on the list.

A Vietnamese delegation led by Deputy Minister of Science and Technology Le Xuan Dinh on March 10 attended the Nuclear Energy Summit in Paris.

Petrol prices in Vietnam have risen for a fourth consecutive adjustment, pushing the retail price of RON 95 to VND 29,120 (USD 1.12) per litre as global energy costs continue to climb.

Pepper export earnings in Vietnam are expected to surpass last year’s record as high prices offset tightening supply and support farmer incomes.

Vietnam has reduced import tariffs on several fuel products to zero in a temporary measure aimed at stabilising domestic supply as geopolitical tensions threaten global oil flows.

Vietnam considers the US one of its most important partners, Party General Secretary To Lam said while receiving Scott Strazik, President and CEO of US energy equipment firm GE Vernova.

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).