business news

Update news business news

Vietnam - potential market for Korean medical equipment companies

According to Digital Times, with the healthcare market in Vietnam growing at an impressive average rate of 28% annually from 2018 to 2022, and projected to continue expanding at 10% per year until 2027, the country offers enormous potential.

IPPG and Sun Group propose fast-tracked expansion of Phu Quoc airport

Vietnamese corporations IPPG and Sun Group have submitted proposals to expand Phu Quoc International Airport, pledging to complete the project within 16–18 months after land clearance. The government is reviewing their investment plans.

Ho Chi Minh City begins construction of $140 million waste-to-energy plant

Ho Chi Minh City has started construction on a new waste-to-energy plant in Cu Chi district, with an investment of $140 million and a daily capacity of 2,000 tons. The project aims to modernize waste management and generate renewable energy.

Norway showcases green maritime innovations at VietShip 2025

Norway showcases cutting-edge green maritime solutions at VietShip 2025, fostering collaboration with Vietnamese partners for a sustainable shipping future.

Vietship 2025 attracts over 100 domestic, foreign enterprises

Exhibitors are highlighting groundbreaking achievements in shipbuilding and repair, as well as offshore oil and gas exploration technologies and equipment.

Digital economy, hi-tech economy, and applicable policies

To date, there has been no universally accepted definition of what constitutes a digital economy.

Vietnam plans pilot cryptocurrency exchange

The Vietnamese Ministry of Finance is preparing a proposal to pilot a digital currency exchange, Deputy Finance Minister Nguyen Duc Chi announced at the government’s regular press conference on March 5.

Real estate transactions surge, new growth cycle anticipated

The real estate market in 2024 saw an increase in total transactions for apartments, individual houses, and land plots compared to 2023.

Tourist rentals surge in HCM City apartments, sparking fierce resident backlash

Ho Chi Minh City’s short-term rental market is booming, but long-term residents are pushing back against security risks and overcrowded facilities.

Shrimp industry advised to take actions to maintain growth momentum

Experts held that in order to maintain the export momentum, the shrimp industry must proactively enhance production conditions and standardise processes from production to trade.

Half localities will convert existing industrial parks into ecological models

Experts said that the eco-industrial park model is becoming an important trend in the overall industrial and economic development in Vietnam.

Domestic sea freight rates expected to remain high this year

Domestic sea freight rates are expected to remain stable or even see a slight increase in 2025, according to Guotai Junan Vietnam Securities.

Government moves to protect Vietnamese rice farmers from unfair pricing

As Vietnam’s rice prices plunge, the Prime Minister has ordered oversight of rice purchases to prevent price manipulation and support farmers.

1,000-hectare free trade area set to take shape in Hai Phong

The area will be part of a 20,000-hectare economic zone built by the southern coast of the city.

Ministry of Finance proposes tax exemption for orders under VND2 million

Organisations or individuals can only benefit from tax exemptions on purchases up to VNĐ96,000,000 per year.

Prime Minister promises strong cooperation with South Korean businesses

Regular engagement with businesses is essential for addressing challenges and creating a supportive environment for growth, said South Korean Ambassador to Vietnam Choi Youngsam.

Need for structural separation of banking investment in bond market: experts

Vietnam’s corporate bond market is undergoing a significant transformation, driven by regulatory reforms and evolving market dynamics.

VN Trade Office warns on the Philippines’ imposition of import tariffs on cement

The imposition of provisional duties by the Philippine will have a considerable impact on Vietnam's cement exports.

Da Nang investment forum unlocks new frontiers for Singaporean investors

Investors at a recent forum in Singapore expressed interest in learning more about Da Nang’s investment environment, regulatory innovation commitments and opportunities the city offers to international investors.

Law on Deposit Insurance to be amended

According to the SBV, after 12 years of implementing the Law on Deposit Insurance, there have been a number of difficulties and problems that need to be resolved to further enhance the role of the Deposit Insurance of Vietnam (DIV).