Business News

Việt Nam's seafood exports rose by 6 per cent in August compared to last year, supported by strong demand from mainland China, Hong Kong and Southeast Asia, which helped offset weaker shipments to the US. Seafood exports reached over US$1.1 billion in August, taking total exports in the first eight months of this year to $8 billion, up 11.8 per cent from a year earlier, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

Vietnamese đồng deposits at banks grew faster than credit by late August, reversing a trend seen earlier this year and easing some short-term liquidity pressure, although banks continue to face high funding costs amid strong demand for loans. Speaking at the Government’s regular meeting, Trần Quốc Phương, deputy minister of finance, said that as of August 22, Vietnamese đồng deposits at credit institutions had increased 8.77 per cent from the beginning of the year, slightly exceeding the 8.38 per cent growth in Vietnamese đồng lending.

In the first eight months, durian export revenue was estimated at $1.95 billion, of which exports to China alone fetched $1.85 billion or 95 per cent. The Ministry of Agriculture and Environment is completing the remaining procedures in an effort to raise durian export revenue in 2026 to at least the level recorded last year, at US$3.85 billion, or potentially higher, around $4 billion, Deputy Minister Đặng Ngọc Diệp said.

Technological innovation, automation and digital transformation are becoming central to the chemical industry as companies seek to move towards higher-value products, strengthen domestic technological capabilities and pursue greener, more sustainable production. The shift is being accelerated by Politburo Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation and national digital transformation, alongside Việt Nam's chemical industry development strategy to 2030 with a vision to 2040.

According to Ho Chi Minh City Department of Finance, by the end of August, the city disbursed VND85 trillion ($3.26 billion) in public investment, equivalent to 57.7 per cent of the plan. Hoang Vu Thanh, director of Ho Chi Minh City Department of Finance, said that the eight-month performance showed positive improvements in both absolute value and the disbursement rate compared to the same period in 2025, rising from 44.1 per cent to 57.7 per cent, an increase of 13.6 percentage points.

According to the Foreign Investment Agency under the Ministry of Finance, total foreign direct investment (FDI) registered in Vietnam reached $40.63 billion as of August 31, up 55.4 per cent year-on-year. All three components – newly registered capital, additional capital injected into existing projects, and foreign investors’ capital contributions and share purchases – recorded increases.

Growth in the Vietnamese manufacturing sector continued to strengthen midway through the third quarter of the year. The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 53.3 points in August, up from 52.9 points in July and above the 50.0 no-change mark for the fourteenth consecutive month. The latest strengthening of business conditions in the sector, as revealed on September 3, was the most pronounced since February.

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