Business

Vietnam’s retail sector is on track for strong growth, presenting compelling investment opportunities as domestic consumption continues to rise.

The Ministry of Finance has proposed a 2% reduction in value-added tax, expanding eligibility to include fuel, petroleum, and certain technology products and services.

A slew of policies has been put in place to attract foreign direct investment capital, which is seen as an important driver for Vietnam’s high economic growth targets in 2025 and the subsequent years.

Vietnam, the world’s second largest garment-textile exporter, is betting on green fabric to cement its place in the global supply chain.

Prime Minister Pham Minh Chinh has requested the completion of the North-South expressway from the northern mountainous province of Cao Bang to the southernmost province of Ca Mau by this year’s end.

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.

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

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.

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.

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

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.

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

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.

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

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.

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

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

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.