Business News

Việt Nam and China have discussed measures to bolster transport collaboration, particularly in railway development, at a recent meeting between Minister of Construction Trần Hồng Minh and Chinese Minister of Transport Liu Wei as part of the former’s working trip to China. At the event, Minh underscored the Vietnamese Party and Government’s political determination to bring into full play the common perceptions on cross-border railway connectivity and cooperation between the two countries.

In the 37th edition of the GFCI released by UK-based Z/Yen Partners and the China Development Institute, HCMC ranked 98th out of 119 cities worldwide, up from 105th in 2024, reported the Government news website (baochinhphu.vn). The city gained 25 points to reach a GFCI score of 654, placing it ahead of Manila (Philippines) but behind Bangkok (Thailand) and Jakarta (Indonesia) among Southeast Asian financial centers.

Việt Nam’s stock market edged up on Tuesday, buoyed by renewed interest in banking stocks and improved liquidity on both the Hồ Chí Minh Stock Exchange (HoSE) and Hà Nội Stock Exchange (HNX). Meanwhile, foreign investors continued their net-selling streak, though at a significantly reduced pace compared to recent sessions.

With nearly one million enterprises and approximately five million individual business households, the private economic sector plays a crucial role in Vietnam's economy. It currently contributes 51% of GDP, generates over 30% of state budget revenue, and provides employment for more than 40 million people, accounting for 82% of the total workforce.

2024 was considered an important milestone of Binh Duong foreign trade when the trade surplus was estimated at US$10 billion. In addition, industrial production expanded quite well, driven by the optimistic recovery of key industries. This success was certainly contributed by the Department of Industry and Trade with consistent and flexible policies.

Vietnam's overseas investment in the first two months of 2025 totalled nearly 239 million USD, 9.5 times higher than the same period last year.

Việt Nam's shrimp exports have demonstrated impressive resilience in the first two months of 2025, solidifying their status as the leading export product of the seafood industry. The shrimp export value in the two months reached US$542 million out of a total seafood export value at $1.4 billion, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

At working sessions with specialised agencies in Shenzhen, China, Deputy PM Nguyễn Chí Dũng shared Việt Nam's development priorities in the new era, underscoring the Vietnamese Party and Government's interest in enhancing the private sector's role, improving the business climate, attracting high-quality human resources, and developing free trade zones.