Vietnam News Economy

As Việt Nam’s most pioneering bank, leading the digital transformation of the banking industry and actively contributing to the nation’s ‘era of rising’, Techcombank's CEO, Jens Lottner, shared valuable insights at the conference 'Building a Financial Centre in Việt Nam' held in HCM City recently.

Việt Nam has responded to the new tariffs by consulting businesses, cutting some import duties, easing technical barriers, curbing origin fraud and boosting imports.

Over the longer term, Việt Nam must consider diversifying export markets, especially those with free trade agreements already in place. Markets in East Asia and the European Union offer viable alternatives based on demand and trade volume.

Violations related to unlawful disclosure of user data will be subject to administrative fines ranging from VNĐ10 million to VNĐ20 million (US$392-784) under Decree 15/2020/NĐ-CP.

Vietnamese products showcased at the 2025 event attracted the interest of many customers, along with partners wanting to discuss business cooperation.

According to the General Statistics Office (GSO) under the Ministry of Finance, the country saw the establishment of 36,400 new enterprises in Q1, with a combined registered capital of approximately VNĐ356.8 trillion.

To tap into the growing Halal market, Việt Nam must develop a Halal product ecosystem meeting quality and certification standards, according to experts.

Efforts are also underway to clean up and update the personal tax code database to ensure more effective tax collection and monitoring.

Foreign investment disbursement grew 7 per cent year-on-year, reaching nearly $4.96 billion in the period. This increase underscores sustained confidence from international investors, reaffirming Việt Nam's position as a key investment destination.

Companies and industries should observe VN-US tariff talks.

The tariff shock from the United States has pushed the Vietnamese stock market into a challenging phase, marked by heightened volatility and a prevailing sense of caution amid existing short-term risks.

Through the Việt Nam-US Trade and Investment Framework Agreement (TIFA)’s policy dialogue mechanism, the Ministry of Industry and Trade will coordinate with relevant ministries and agencies to maintain close exchanges with US partners

The company is targeting a record profit before tax of over VNĐ4.25 trillion (US$166.3 million), a 20 per cent increase compared to its 2024 performance.

Introduced in 2020 to 'uplift Vietnamese optimism' during the challenging times of the COVID-19 pandemic, Bia Lạc Việt is a tribute to the nation's way of enjoying life.

According to experts, to minimise exchange rate risks, the SBV should manage the rate flexibly, but not fix or anchor it because Việt Nam's economy is deeply integrating towards becoming a market economy, which requires flexibility.

Economists and business leaders are raising serious concerns over the US announcement to impose a 46 per cent reciprocal tariff on Vietnamese goods starting April 9, warning of potential negative impacts on exports and the country’s overall economic growth.

PM Chính emphasised that Việt Nam will not change its target of achieving economic growth of 8 per cent or higher this year, while simultaneously maintaining macroeconomic stability, ensuring social welfare, and improving people's livelihoods.

According to the NSO, the agro-forestry-fishery, industry-construction, and service sectors expanded by 3.74 per cent, 7.42 per cent and 7.7 per cent, contributing 6.09 per cent, 40.17 per cent, and 53.74 per cent to the total GDP expansion during January–March, respectively.

The 2024 PAR Index achieved its highest average value to date – at 88.37 per cent, up 1.39 per cent from 2023, with all the 63 provinces and centrally-run cities scoring above 80 per cent.

Equipped with cutting-edge technology at berths 5 and 6, HHIT marks Việt Nam's first privately developed smart port.