Vietnam News Economy

FiinRatings, a leading credit rating agency in Việt Nam, made the announcement just weeks after S&P Global Ratings - one of the world’s top independent credit rating organisations - acquired a 43.6 per cent stake in the company.

The project will cover about 288 hectares in Vạn Hưng Commune (Vạn Ninh District) and Ninh Thọ Commune (Ninh Hòa Town), with a total investment exceeding VNĐ1.8 trillion.

Belarusian Deputy Prime Minister Anatoly Sivak hopes the two countries will continue to develop the free trade agreement between Việt Nam and the Eurasian Economic Union (EAEU).

The PM said he hopes the US will adjust its tariff measures in light of the strong bilateral relationship between the two countries, the aspirations of their people, and Việt Nam's efforts in fostering economic cooperation.

Việt Nam's government plans to introduce a stand-alone Extended Producer Responsibility Decree in the third quarter in 2025, signaling a major step towards refining the country’s waste management and circular economy policies.

Manufacturing remains a key engine of growth, contributing to nearly 25 per cent of GDP in 2024, while logistics is expanding rapidly in response to increasing domestic consumption and foreign investment.

Experts said a large portion of this influx of cash will likely flow into promising investment avenues like real estate and securities, especially given the current volatility in the gold market.

In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry.

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience and explore investment prospects. He also noted its significance in promoting local products to a wider market.

The southern province of Đồng Nai has announced plans to develop a 330-hectare industrial park in Nhơn Trạch District adjacent to the ongoing Bến Lức - Long Thành expressway.

US President Donald Trump has announced a 46 per cent reciprocal tariff on certain goods imported from Việt Nam, the second highest among all exporting countries to the US.

Experts stressed the importance of comprehensive solutions, including industry-wide collaboration. Rather than isolated competition, sectors such as tourism and trade should work together to drive broader economic expansion.

Online retailers in Việt Nam are facing challenges, with many of them either halting online sales or raising retail prices in response to e-commerce platforms announcing fee increases starting from April. 

In a report released on April 1, the S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted above the 50.0 no-change mark for the first time in four months during March, signalling an improvement in business conditions at the end of the first quarter of 2025.

A fresh "baseline tariff" of 10 per cent will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors.

The PM also called for the bank’s increased assistance for Việt Nam's implementation of JETP, provision of green development credit, and business support in projects involving wind energy, green hydrogen, and sustainable trade

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

By the end of 2024, the RoK had invested in 285 projects in Đà Nẵng, with a total registered capital of $382 million, ranking among the top five foreign investors in the city.

The new edition of the manual provides updated guidelines on corporate governance, reflecting major regulatory changes in Việt Nam, including the Securities Law 2019 and the Enterprise Law 2020.

The highest provisional duty rate applied is 37.13 per cent for products from China and 15.67 per cent for those from South Korea.