Business News

Soilbuild International has officially broken ground on Spectrum Hung Yen, a cutting-edge industrial development spanning over 14.45 hectares in Vietnam's thriving northern province. In a ceremony attended by ambassadors, government officials and industry leaders, the developer signalled its deepening commitment to the region's rapidly expanding manufacturing and logistics sector.

Travellers are invited to elevate their journeys with Cathay Pacific, proudly recognised as one of the world’s top three best airlines in the 2025 Skytrax World Airline Awards and named World’s Best Economy Class Airline for the second consecutive year. Travellers who are Cathay members can enjoy USD80 off tickets to Hong Kong using the discount code BEST2HKGVN, and USD120 off tickets to destinations beyond Hong Kong with the code BESTECONVN. 

The Vietnamese stock market began the first week of July with a vibrant upward trend, buoyed by significant improvements in liquidity and a pronounced surge in foreign investment. On the Ho Chi Minh Stock Exchange, the VN-Index closed the week at 1,386.97 points, while the HNX-Index on the Hanoi Stock Exchange (HNX) was last traded at 232.51 points.

Việt Nam is expected to remain an attractive destination for global manufacturers and foreign direct investment (FDI), even as the US moves forward with new tariffs on Vietnamese imports. As long as the tariffs imposed by the US are no more than 10 per cent higher than those applied to regional competitors, Việt Nam’s pre-existing advantages, including workforce quality, competitive costs, favourable demographics, and strategic location, will continue to drive investor interest, according to investment management firm VinaCapital.

The Vietnamese economy achieved its strongest performance in over a decade, with gross domestic product (GDP) rising by 7.52 per cent in the first half of the year, the highest since 2011, according to the Ministry of Finance’s National Statistics Office of Việt Nam (NSO). At a press conference in Hà Nội, NSO Director Nguyễn Thị Hương highlighted that this was a positive result, reflecting the whole political system’s determination, concerted efforts, and drastic actions in managing and implementing socio-economic development tasks amidst regional and global volatility.

Foreign investors registered a total of US$21.5 billion in investments in Việt Nam during the first half of 2025, marking a 33 per cent increase compared to the same period last year, the Ministry of Finance's Foreign Investment Agency (FIA) revealed in its latest report. Of the total, newly registered capital accounted for nearly $9.3 billion across 1,988 new projects.

Vietnam has extended agricultural land use tax exemption until December 31, 2030 under a resolution recently signed by National Assembly Chairman Tran Thanh Man. According to Resolution No. 216/2025/QH15, the NA agreed to prolong the tax exemption originally stipulated in Resolution No. 55/2010/QH12 dated November 24, 2010, which had previously been amended and supplemented by two resolutions in 2016 and 2020.

According to the Ministry of Agriculture and Environment, AFFP exports were valued at $33.5 billion, up 14.3 per cent, and imports at $23.5 billion, up 12.8 per cent, for the period. Tran Gia Long, deputy director of the Planning and Finance Department under the Ministry of Agriculture and Environment, said, "The global economy in the first half of this year has experienced many fluctuations. However, our country’s agricultural production has remained stable and achieved decent growth."