Business News

Việt Nam's shipbuiding industry aims to capture 0.8 per cent to 0.9 per cent of global output by 2030, focusing on general cargo ships of up to 70,000 tonnes, container ships, LPG carriers, and other service vessels. Domestically, the industry is tasked with meeting the need to renew and expand the national fleet. Việt Nam is setting its sights on strengthening shipbuilding by maximising the use of existing infrastructure and capitalising on its strategic geographical location, according to a new development plan.

Việt Nam’s gaming industry is projected to reach US$2.42 billion in revenue by 2029, according to a recently released strategy on managing and developing online games in the country from 2025 to 2030. The sector is expected to generate $1.66 billion by 2025, with a compound annual growth rate of 9.77 per cent in the following years. 

Việt Nam's tra fish exports are expected to sustain strong momentum into 2025, with projected revenues reaching approximately US$2 billion, on par with 2024 figures, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast. The growth outlook is driven by the global economic recovery post-pandemic and increasing international demand for affordable protein sources like tra fish, VASEP said.

Việt Nam’s labour market has made significant strides, growing in scale and quality as it embraces modernisation, sustainability and deeper global integration, driven by proactive government policies. Through targeted measures, including more job-matching programmes, employment fairs and job creation loans, the Government has effectively connected provinces rich in human resources with key economic hubs.

As of April 28, a total of 685 listed companies, representing 40 per cent of market capitalisation across Việt Nam’s three stock exchanges, had released their first-quarter financial results, revealing a broad-based surge in profits. According to statistics from Yuanta, market-wide revenue and post-tax profit rose by approximately 20.1 per cent and 50.8 per cent year-on-year, respectively, buoyed by the low comparative base of 2024.

Việt Nam will require an annual investment of around US$16–18 billion from now until 2035 to implement its revised National Power Development Plan (PDP VIII), according to the Ministry of Industry and Trade. This amount will rise to approximately $20 billion per year thereafter. The updated plan, approved under Decision No. 768/QĐ-TTg dated April 15, outlines ambitious targets to ensure national energy security and meet economic growth demands.

Nearly two million visitors flocked to HCMC during the five-day holiday for Reunification Day (April 30) and International Labor Day (May 1), with tourism revenue more than doubling year-on-year to over VND7.1 trillion, according to the city’s tourism authority. The HCMC Department of Tourism reported that from April 27 to May 1, the city received around 1.95 million visitors, rocketing 101% over the same period last year. 

Shrimp exports from January to March totaled US$939 million, up 37% year-on-year, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the largest buyer of Vietnamese shrimp during the first three months of this year, with its total import value of US$288 million, up by 125% against the same period last year.