Business News

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.

According to figures from the Ministry of Agriculture and Environment (MoAE), Vietnam spent more than $1 billion on importing milk and dairy products in 2024, mostly powdered milk. In the first seven months of 2025 alone, Vietnam spent nearly $2.6 billion importing livestock products, with milk and dairy products accounting for more than $860 million. 

Vietnam’s shrimp exports to the US – the second largest market after China – are under heavy pressure from taxation policies, causing orders from exporters to stagnate. Compared to rivals such as Ecuador (import tariff only 15%) or Indonesia and the Philippines (19%), Vietnam is gradually losing competitiveness with a 20% countervailing duty.