Business News

Mega industrial hubs are taking shape in Việt Nam following a historic administrative overhaul, at the heart of which are landmark mergers including Bắc Giang with Bắc Ninh in the north and Bình Dương and Bà Rịa – Vũng Tàu with HCM City in the south. Beyond its administrative significance, the merger creates a development space that is broader, more sustainable and more comprehensive, and forms cohesive industrial powerhouses which are expected to propel Việt Nam to sustained double-digit growth in the new era.

According to an S&P Global report released on September 3, the Vietnam Manufacturing Purchasing Managers' Index (PMI) remained above the 50-point no-change mark in August and signalled a second consecutive monthly improvement in the manufacturing sector. That said, at 50.4 points, the PMI was down from 52.4 points in July and registered only a marginal strengthening in business conditions.

We are pleased to inform you that the second Hong Kong International Refrigeration Expo jointly organized by both the World Chinese Business Advancement Association (WCBAA) and the Fourways International Exhibition Limited will be held in Hall 10 of the AsiaWorld-Expo in Hong Kong from December 3-5, 2025. We sincerely extend a cordial invitation to your valued members as well as related Vietnamese associations and businesses to visit or exhibit in the upcoming exhibition. 

A series of new economic policies will take effect on September 1, 2025, covering supporting industries, innovative startups, higher education, finance and banking, and border trade, the Vietnam News Agency reported. These are major adjustments aimed at encouraging innovation, expanding capital sources, while strengthening financial system safety and transparency in management.

As global coffee prices surge, Việt Nam's coffee industry is presented with a significant opportunity to expand its export market share, industry insiders say. A recent study by the Food and Agriculture Organization noted that coffee prices rose globally by around 40 per cent in 2024, largely due to unfavourable weather conditions caused by climate change.

Cooperation between Việt Nam and China in building 'smart border gates' has become an important highlight in recent years, helping to remove bottlenecks in the flow of goods, especially agricultural products. This is not only a practical step to promote bilateral trade but also demonstrates the determination of both countries to modernise border management, in line with the trend of comprehensive and extensive development.

Vietnam’s outlook for imports, exports, and cargo throughput via seaports is considered favourable in the forthcoming months, as the country faces a 20 per cent reciprocal tariff rate from the United States, significantly lower than China’s 55 per cent and India’s 25 per cent, and on par with Bangladesh. At the same time, Vietnamese exporters are effectively leveraging preferential tariffs through the country’s extensive network of free trade agreements, allowing for more flexible and efficient operations.

Ho Chi Minh City is targeting economic growth of 10.3% in the last five months of this year to lift its full-year gross regional domestic product (GRDP) to at least 8.5%, in line with its newly issued plan to accelerate socio-economic development. The city posted growth of 6.56% in the first half of the year, or 7.49% excluding crude oil.