business news

Update news business news

Vietnam Cycle Expo to return to HCM City in August

Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.

Counterfeit crisis at Saigon Square reaches international scrutiny

HCM City recovers nearly US$79 million as counterfeit enforcement targets hotspots like Saigon Square.

Vietnam promotes formation of six new digital technology hubs

The Ministry of Science and Technology is accelerating efforts to help six provinces launch centralized digital technology and IT parks.

Vietnam pushes cross-border e-commerce as pillar of export strategy

In the context of the global digital economy, digital transformation and e-commerce are becoming key drivers helping Vietnam integrate internationally, enhance competitiveness, and expand its export markets.

Pi Network’s token price remains unstable amid crypto market surge

In recent days, despite a consistent uptrend in the global cryptocurrency market, the price of Pi Network’s token has remained highly volatile, hovering between USD 0.4 and USD 0.5.

Vietnam races to fix export block over food safety documentation

Ministry rushes to revise rules after $2.4 million in goods stuck in export limbo.

Vietnam to cut PIT brackets from 7 to 5, top rate remains 35%

The Ministry of Finance has proposed reducing income tax brackets and simplifying the structure, aiming to ease compliance and reduce tax burdens.

Vietnam considers taxing property sales up to 10% if held under 2 years

Ministry of Finance suggests taxing based on holding period if no purchase price is available.

US launches duty reviews on key Vietnamese exports

The US Commerce Department has initiated reviews on Vietnamese products including paper bags, steel nails, and lawn mowers under anti-dumping and countervailing duty laws.

Vietnam’s dragon fruit, pepper exports stalled by certification delays

Hundreds of tons of produce remain stuck as new regulations leave provinces unsure how to issue food safety certificates.

Billionaire Tran Dinh Long gains $400 million as HPG breaks records

Vietnam’s largest steelmaker benefits from protective trade policies and domestic demand for rail projects.

Banks in northern Vietnam suspend operations as Typhoon Wipha nears

Multiple banks temporarily close branches in Hai Phong, Quang Ninh, and other provinces due to storm impact.

Fruit and vegetable exports rebound, targeting 8 billion USD in 2025

Vietnam’s fruit and vegetable exports have shown signs of strong recovery, with the total export value in the first seven months of 2025 estimated at over 3.83 billion USD, following a sharp decline earlier this year.

Vietnam audit reveals financial sector’s cracks: Bad debts and poor returns

The State Audit of Vietnam has released its consolidated 2024 report, spotlighting multiple irregularities and inefficiencies across financial and banking institutions.

Hefty fees force residents to cancel land conversion plans

A resident in Ba Vi, Hanoi, completed procedures to convert over 210 sq m of perennial crop land to residential land, but faced exorbitant land use fees. Local authorities revoked and canceled the previous approval for conversion.

Prime retail premises sit empty in HCM City, yet rental prices remain sky-high

In HCM City, many prime retail premises at key intersections and on bustling streets are covered with "for rent" signs.

Affordable housing remains a major gap in Ho Chi Minh City

According to Savills’ newly released real estate market report for the first half of 2025, Ho Chi Minh City continues to face a shortage in housing supply.

Vietnam’s GDP growth a ‘rare bright spot’ in region

Amid global economic turbulence driven by geopolitical instability, trade conflicts, and tight monetary policies, Vietnam has emerged as a rare bright spot.

Petrolimex appoints Luu Van Tuyen as new CEO

The Board of Directors of Vietnam National Petroleum Group (Petrolimex) has officially appointed Mr. Luu Van Tuyen as the new Chief Executive Officer of the corporation.

Vietnam banks reveal soaring H1 profits, NCB leads surge

A strong first half for Vietnamese banks with NCB’s remarkable growth and steady advances from state-run lenders.