Business News

According to the Việt Nam Association of Seafood Exporters and Producers (VASEP), export value to Thailand reached US$33 million in the first six months, accounting for 10 per cent of Việt Nam’s total squid and octopus export revenue and making Thailand the country’s fourth-largest single export market. Double-digit growth was recorded in both quarters, reflecting stable and expanding demand.

Fostering a movement and trend to "Make the Entire Nation One Army" in private economic development was the directive of Prime Minister Pham Minh Chinh, Head of the National Steering Committee for implementing the Politburo's Resolution 68-NQ/TW on private economic development, at the recently held first meeting of the committee.

According to a report from the U.S. Semiconductor Industry Association (SIA), semiconductor revenue expanded about 20% year on year in 2024 and projected to grow by 12% to nearly US$700 billion in 2025. The growth is primarily driven by the explosive demand from artificial intelligence, data centers, electric vehicles, and 5G devices.

In the first seven months of 2025, Vietnam attracted almost $24.1 billion in foreign direct investment (FDI), up 27 per cent on-year, according to the Statistics Office under the Ministry of Finance. Although newly registered capital dipped, the overall increase was driven by strong rises in both adjusted capital and capital contributions.

The manufacturing and processing sector continued to be the primary driver of industrial growth, expanding by 10.3 percent and contributing 8.5 percentage points to the overall IIP. Other sectors also posted positive results, with electricity production and distribution rising by 4.6 percent, and the water supply, waste, and wastewater treatment sector growing by 10.4 percent.

Vietnam had disbursed VND388.3 trillion in public investment by the end of July, representing 39.45% of the full-year plan and 43.9% of the target assigned by the prime minister, according to the Ministry of Finance. As of June 30, cumulative disbursements under the 2025 plan had reached VND318.57 trillion, or 32.37% of the full-year plan and 36.01% of the prime minister’s target. 

Vietnam exported nearly 22 tons of peeled fresh coconuts from the former Ben Tre Province to China through the Bac Luan II border gate on August 5, according to the Mong Cai International Border Gate Customs Office. The shipment, exported by Quan Minh Investment JSC, included 2,190 cartons weighing a total of 21,900 kilograms. The coconuts carried the plantation code VN-BTOR-0188 and the packaging code VN-BTPH-064, meeting China’s import standards.

Vĩnh Long Province targets economic growth of at least 8 per cent this year after an excellent first half. Speaking at a recent People’s Council session, chairman of its committee, Nguyễn Minh Dũng, said: “Thanks to the strong leadership of Party committees at all levels, the decisive action of the People’s Committee and the efforts of local people and businesses, the province achieved positive socio-economic results in the first half of the year.”