Business News

Vietnam’s export-import sector remains a key economic pillar in early 2025. Aiming for a 12-14% increase in export turnover compared to 2024 and a trade surplus of US$30 billion as outlined in Resolution 25/NQ-CP, Vietnam sets its sights on a promising growth path, requiring trong government-business cooperation.

Vietnam aims to fully decarbonize its economy by 2050. Following the Prime Minister of Vietnam's commitment to net-zero emissions at the United Nations Climate Change Conference in Glasgow in November 2021 (COP26), the country has developed and begun implementing plans to reduce carbon emissions in the transportation sector.

Vietnam wants to have at least one million more businesses by 2030, especially small and medium-sized enterprises (SMEs). Prime Minister Pham Minh Chinh has signed a new directive aimed at promoting the growth of SMEs. Directive 10 highlights the vital role of the private sector, particularly SMEs that account for 98% of all businesses nationwide, contribute over 50% of GDP, 30% of state revenue, and provide over 40 million jobs.

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.