Business News

In 2025, Hai Phong City benefited from significant opportunities created by an expanded development space following administrative consolidation, while also facing challenges in maintaining stable and efficient administrative operations and sustaining strong economic growth amid ongoing global volatility. Within this context, the industry and trade sector continued to serve as an important driving force for the city’s overall economic growth.

Average per capita income in 2025 was estimated at VND5.9 million (approximately US$225) per month, marking a 9.3 percent increase from 2024, according to preliminary findings of the Household Living Standards Survey 2025 conducted by the National Statistics Office (NSO). Part of the income growth stemmed from State payments to public officials and employees who retired or resigned under the restructuring of the political system's organizational apparatus.

Since the beginning of the year, the Central Highlands province has attracted 26 new ventures with total registered capital of more than VND27.46 trillion ($1.05 billion), according to the Gia Lai Investment Promotion Centre. Several of these are sizeable schemes focused mainly on renewable energy and urban development.

Việt Nam’s seafood exports in 2025 were a record US$11.3 billion, but experts said the industry needs long-term strategies to ensure sustainable growth. They were speaking at a conference held by the Việt Nam Association of Seafood Exporters and Producers (VASEP) in HCM City on February 17 to review the industry’s performance and set tasks for the new year.

Trade in fruits and vegetables between Vietnam and the U.S. exceeded US$1 billion for the first time in 2025, reaching nearly US$1.5 billion, according to Vietnam Customs. The figure marks an 8.5-fold increase over the past decade, rising from US$170 million in 2016 to about US$1.47 billion last year. Vietnam exported US$547 million worth of fruits and vegetables to the U.S. last year, up 52% from 2024.

Vietnam and Singapore recorded a strong rebound in bilateral trade in 2025, with both exports and imports rising in every month from a year earlier, according to data from Enterprise Singapore and the Vietnam Trade Office in Singapore. In December alone, two-way trade reached nearly S$4 billion (about US$3.1 billion), up 30.1% year-on-year. Singapore’s exports to Vietnam totaled S$2.3 billion, up 1.5%, while imports from Vietnam surged 113.6% to S$1.7 billion.

Vietnam exported more than 8.06 million tons of rice in 2025, earning over US$4.1 billion, down 10.8% in volume and 27.6% in value from 2024, the Department of Vietnam Customs said. The sharper fall in export value reflected a decline in global rice prices over the past year, reported the Vietnam News Agency. Vietnam’s 5% broken rice was offered at US$360–365 per ton last week.

Vietnam’s cashew exports rebounded strongly in the final month of 2025, pushing full-year export revenue past the US$5-billion mark for the first time, with China overtaking the U.S. as the country’s biggest buyer. Data from the Ministry of Agriculture and Environment showed that cashew has become Vietnam’s fourth agricultural product, after fruit and vegetables, coffee and rice, to generate more than US$5 billion in export value in a single year.