Vietnam News Economy

With nearly one million businesses and around five million business households, the private sector contributes approximately 51 per cent of the country's Gross Domestic Product (GDP) and over 30 per cent to the State budget.

Hải Hà and Đông Mai industrial parks are already under development, with investment approval procedures underway to expand their areas.

Local property developer, the Futa Land joint-stock company, has started construction on the new Thuận Phước Urban project, across 97.6ha with an investment of VNĐ11.5 trillion (US$460 million).

The two-month trade reached over S$6.57 billion (approximately US$4.91 billion), solidifying Việt Nam's position as Singapore’s ninth-largest trading partner.

The ease of e-commerce shopping comes with a growing problem - the rise of counterfeit goods, substandard products and commodities of unknown origin on digital platforms.

The Government has tasked relevant ministries to research and propose a pilot project for establishing a State-managed real estate and land use rights transaction centre, designed to function as a digital trading platform similar to electronic trading floors.

The Ministry of Construction said it had proposed adding cement sector planning to the list of specialised technical planning under the Planning Law, but the proposal was not approved by the National Assembly.

The new decree also regulates that the total share ownership of foreign investors at a Vietnamese non-bank credit institution will also not be allowed to exceed 50 per cent of the institution’s charter capital.

JLL, a renowned market research company, anticipates a revitalised Vietnamese real estate sector in 2025, fueled by positive investor sentiment, lower borrowing costs, and increased transaction activity across key asset categories, as highlighted in its latest report, "Vietnam Property Market Outlook 2025: A New Chapter in Economic Growth."

China’s steel exports are a primary concern, as its producers offload surplus supply amid weak domestic demand, potentially undermining local industry and employment.

In HCM City, banks are working directly with industry departments and enterprises to identify challenges and enhance access to financing, particularly in key sectors such as agriculture, social housing, high-quality rice production and coffee exports.

The facility will cover over 55,000 sq.m of land, with a total floor area of 26,168 sq.m. The project is being developed through a joint venture with Lotte Global Logistics in Việt Nam, supported by the global logistics supply chain fund.

A cooperative framework will be established between Hải Phòng's economic zones and the Yunnan Free Trade Zone in the time ahead.

Vietnam Airlines (VNA) has announced that it will expand its international network with new flights connecting Hà Nội to two major cities in India, Bengaluru and Hyderabad, starting in May 2025.

This year’s programme will feature more than 50 businesses and over 70 booths, showcasing high-quality products across seven key sectors.

Việt Nam’s largest private corporation Vingroup has summited a proposal to the HCM City People's Committee for a metro line connecting the city downtown and the outlying Cần Giờ district.

According to the latest adjustment, RON 95-III, the most commonly used gasoline in Việt Nam, has increased by VNĐ440 to VNĐ20,080 ($0.79) per litre, while E5 RON 92 has risen by VNĐ410 to 19,690 per litre.

Việt Nam wants to maintain stable cooperation with the US and is proactively adapting to policy changes to safeguard its economy and sustain sustainable growth, the legislator said.

Vice Chairman of the Đà Nẵng’s People’s Committee Hồ Kỳ Minh said that the city received comprehensive recommendations on core principles for building a successful financial centre.

Việt Nam is a promising market for Thai businesses, said Thailand Trade Representative Umesh Pandey during his working visit to Việt Nam.