Business News

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Vietnam's economy in August maintained steady growth, with manufacturing output and exports continuing to expand and inflation broadly under control. This stability is encouraging, yet the underlying picture shows uneven progress. Bottlenecks in public investment, an over-reliance on imported inputs, and uncertainties in asset markets such as gold and real estate highlight vulnerabilities that could weigh on the pace and quality of recovery if not addressed. The challenge is no longer simply sustaining growth but ensuring that it is balanced and durable.

According to preliminary statistics from Việt Nam's Customs Department, as of August 15 this year the country's shrimp exports to China (including Hong Kong) surged by up to 76 per cent over the same period last year, reaching nearly $767 million and accounting for nearly 29 per cent of the country's total shrimp export turnover.

Vietnam saw strong foreign investment in the first eight months of 2025, with registered FDI up 27.3% year-on-year, reflecting growing investor confidence and continued economic recovery.

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.