Business News

The promotion of the Cai Mep Ha Free Trade Zone is a concrete step to implement the revised Resolution 98, which was passed by the National Assembly on December 11 this year. Alongside the development of an international financial center, free trade zones are seen as a new but challenging area that could become a key driver for investment attraction and revenue growth in HCMC, Quang said.

According to VAMA, November sales rose 4% from October. Passenger car deliveries climbed 5% to 28,557 units, while commercial vehicle sales edged up 1% to 10,273 units. Sales of special-purpose vehicles slipped 3% to 488 units. Domestic vehicle production showed stronger month-on-month growth. Sales of locally assembled vehicles increased 7% to 18,370 units, compared with a 1% rise in completely built-up imports. 

According to the Department of Crop Production and Plant Protection under the Ministry of Agriculture and Environment, Vietnam’s passion fruit exports have expanded more than tenfold over the past decade, climbing from around US$20 million to US$222.5 million. By October this year, export turnover had already surpassed US$202 million, Vietnam News Agency reported.

HCMC has disbursed about 60% of its public investment plan assigned by the prime minister as of late November, reported the Vietnam News Agency. The city was tasked with disbursing more than VND120.3 trillion this year, including VND16.7 trillion from the central budget and nearly VND103.7 trillion from the local budget. It has allocated a total of VND153.6 trillion, 28% higher than the amount assigned.

Vietnam’s November economic indicators reflect a month shaped by operational resilience amid significant weather-related disruption. Export activity continued to hold up, contributing to a stable trade surplus, while rising credit demand pointed to firms rebuilding inventories and preparing for year-end production cycles. 

The Reverie Saigon is delighted to introduce its 2025 festive program - “The Reverie Express”, inspired by the timeless journey of the “Orient Express” - an icon of classic elegance, indulgent luxury and endless spirit of exploration. Throughout the season, the hotel transforms into a “grand terminal”, unveiling seven dazzling stations that guide guests into a vibrant festive season set against refined Italian artistry. 

Seafood export revenue in November alone amounted to nearly US$990 million, up 6.6% year-on-year. Key product groups posted solid gains. Shrimp exports rose 11.7% to over US$385 million, supported by strong demand for whiteleg shrimp and lobster. Tra fish shipments increased 9.7% to almost US$197 million, while marine fish, squid, and mollusk exports maintained their recovery.

HCMC’s economy is seen expanding 8.03% in 2025, outpacing national growth and reaffirming the city’s role as a key economic driver, according to Vo Van Minh, chairman of the HCMC People’s Council. Speaking at the opening session of the council’s sixth meeting on December 9, Minh said the city has completed its administrative merger and rolled out a two-tier local government model, supporting stronger socio-economic performance this year.