Business News

State budget revenues have soared since last year, thanks in part to a focus on digital technology. The Ministry of Finance (MoF) last week reported updated figures in budget state revenue for 2024. Total revenue reached $81.75 billion, up by $13.7 billion or 20 per cent over the initial estimate, and by $6.82 billion or 8.4 per cent as compared to the sum earlier reported to the National Assembly (NA).

To enhance rice exports through 2030, the Ministry of Industry and Trade (MoIT) has rolled out a series of new measures focused on stricter oversight, faster implementation of the national export strategy, and stronger trade promotion efforts. These solutions were introduced by the MoIT’s Export-Import Department during a conference held in the Mekong Delta province of Tiền Giang on Tuesday.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

We are pleased to invite you to our upcoming webinar, where we will discuss the most important recent changes in tax regulations, including:
• Decree 70/2025/ND-CP on invoices and documents - effective 1st June 2025
• Law on Value-Added Tax - effective 1st June 2025

Vietnamese telecom service operators are accelerating the development of 5G infrastructure, part of the effort to achieve the goal of nationwide 5G coverage by 2030. Statistics of the Ministry of Science and Technology showed that a total of 11,591 5G base transceiver stations (BTS) have been installed as of early May, covering around 26 per cent of the population. 

Special mechanisms and policies will be implemented to foster the development of the private sector. Under Government Resolution No. 139/NQ-CP, ministries, sectors and localities are tasked with implementing tasks in addition to their regular duties. One of the plan's core objectives is to improve the business environment by reviewing and removing unnecessary, overlapping, and inconsistent business conditions that hinder private sector growth. This review must be completed no later than 31 December 2025.

In April 2025, Vietnam’s economy showed signs of strain amid mounting external pressures, particularly after the U.S. announced the imposition of new tariff rates on a wide range of Vietnamese goods. The World Bank revised its 2025 growth forecast for Vietnam down to 5.8%, citing weakened global demand and Vietnam’s high trade dependency on key partners like the U.S. and China.

A new wave of mergers and acquisitions (M&A) is unfolding in Việt Nam’s financial sector, as commercial banks and securities firms accelerate their push into investment banking and asset management. The movement has intensified during the 2025 annual general meeting season. Among the most high-profile developments is Sacombank’s move to invest up to VNĐ1.5 trillion (US$57.8 million) in acquiring a controlling stake of over 50 per cent in a securities company.