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.
With strong innovation and R&D investment, private firms are helping elevate Vietnam’s brands globally and establish a stronger presence in international markets.
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.
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.
Steven Chu, chairman of Nam Long ADC, reaffirmed the company’s mission to make quality housing accessible to urban residents, calling it both a social responsibility and a sustainable business model.
Vietnam’s foreign trade continued to show strong momentum in the first half of July, with electronics, apparel, and machinery exports driving growth despite global headwinds.
Experts called for wider application of AI and digital technologies to support ESG implementation in Vietnam at a meeting of the Vietnam ESG Forum 2025 High Council held on July 24.
In the first half of 2025, Singapore imported rice products worth SGD 60.9 million (USD over 47.7 million) from Vietnam, accounting for 24.5 per cent of the country’s total rice imports.
Vietnam’s fruit and vegetable exports reached over USD 3.8 billion in the first seven months of 2025, showing a strong rebound after a sharp early-year slump, according to official estimates.
Singapore’s United Overseas Bank has raised its 2025 growth forecast for Vietnam to 6.9 per cent, up from 6.0 per cent, following stronger than expected second quarter data.
The Asian Development Bank has lowered its 2025 and 2026 growth outlooks for Asia and the Pacific, citing weaker exports, trade tensions, and slowing domestic demand.