Business News

Vietnam exported 6.37 million tons of rice worth US$3.26 billion in the first eight months of 2025, fulfilling nearly 80% of the full-year plan. According to the Ministry of Industry and Trade’s news portal, rice exports in January-August rose 3.7% in volume but fell 15.4% in value year-on-year. Last year marked Vietnam’s highest rice export revenue on record.

The central coastal city of Danang has set ambitious economic targets for 2030, with gross regional domestic product (GRDP) projected to exceed VND660 trillion and average annual growth of at least 11%. The goals were outlined in a political report presented by the city’s Party Committee ahead of its congress for the 2025-2030 term. Danang also aims for per capita GRDP of US$8,500 by 2030.

Talking to VIR, Pham Xuan Hong, chairman of Ho Chi Minh City Association of Garment Textile Embroidery-Knitting (AGTEK), noted that Vietnamese businesses still maintain a competitive edge thanks to product quality, delivery reliability, and a stable business environment. However, rising costs and a shortage of skilled labour in yarn production and design are major challenges.

At the headquarters of Thanh Cong Textile Investment Trading, the production floor is running at full speed - sewing lines and packaging units are working overtime to complete orders for the fourth quarter, the critical period serving the year-end festive season. Although the new tariff rates set by the US pose significant difficulties, the company remains cautiously optimistic.

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A dip in the amount of home-grown coconuts has forced domestic suppliers to look elsewhere for the fruit, causing a huge surge in imports in the first seven months of the year. According to the Việt Nam Fruit and Vegetable Association, coconuts imports totalled US$31.2 million from January to July, representing up 1,873 per cent from a year earlier. In comparison, overall fruit and vegetable imports rose just 18 per cent to $1.45 billion.

Việt Nam’s industrial property market is heating up as foreign investors pour billions of dollars into factories, warehouses and ready-built facilities, driven by accelerating supply chain shifts and a new surge of global capital. Foreign direct investment (FDI) into Việt Nam hit US$26.1 billion in the first eight months, up more than 27 per cent from a year earlier, according to the General Statistics Office.

Pepper exports generated more than US$1 billion in revenue between January and August, the highest in seven years, driven by firm prices amid constrained global supply. In August alone, Vietnam exported 21,464 tons of pepper in August worth US$139.8 million, up 10.6% in volume and 19.5% in value from a year earlier.