Business News

Data from the National Statistics Office showed that around 1.5 million foreign tourists came to Vietnam in September, down 9.6% compared to August but still 19.5% higher than in the same month last year. Overall, international arrivals in the January-September period reached more than 15.4 million, up 21.5% year-on-year.

The number of newly established businesses in September rose by 49.8% year-on-year, with registered capital and employment also increasing by 78.6% and 53.9%, respectively.Data from the National Statistics Office showed 16,800 new businesses were founded last month, with total registered capital of VND165.7 trillion and 97,000 workers. 

Vietnam’s seafood exports amounted to more than US$8.3 billion in the first nine months of this year, up 15.5% from the same period in 2024, with shrimp and tra fish shipments leading the growth. Data from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that seafood exports in September alone expanded 7.5% year-on-year to nearly US$991 million. 

Quảng Ninh saw its economy expand at 11.66 per cent in the first nine months of this year, the highest rate in the past decade as well as the highest rate across 34 provinces and cities. This is driven by increasing private investment and foreign capital inflows, according to a report of the provincial People’s Committee.

HCMC’s economy expanded 7.07% in the first nine months of this year, showing signs of steady recovery, according to the city’s Statistics Office. The city’s gross regional domestic product (GRDP) rose 8.11% year-on-year in the third quarter, 0.87 percentage point higher than in the second quarter. The growth trend contrasts with earlier forecasts from international institutions, which said there would be a slowdown in the second half due to external risks.

Vietnam’s gross domestic product (GDP) rose an estimated 8.22% in the third quarter against the year earlier, the highest growth rate for the period since 2011, excluding the post-pandemic rebound in 2022, the Ministry of Finance said. At a Government meeting on October 5, Finance Minister Nguyen Van Thang said the economy maintained growth momentum despite external risks and domestic challenges.

Bac Ninh Province attracted more than US$15.3 billion in investment in the first nine months of this year, the highest level of foreign direct investment (FDI) among Vietnam’s provinces, reported local media. The northern province licensed 162 new domestic projects with fresh capital of VND256.1 trillion and 262 FDI projects worth US$1.51 billion.

Vietnam is expected to be one of Southeast Asia’s fastest-growing resort markets this year, driven by a rebound in international arrivals, industry experts said at a recent hospitality conference. The Meet The Experts (MTE) conference, organized on October 1 by Savills Hotels, WeHub, and partners, is one of the region’s largest annual real estate and hospitality forums.