Business News

Việt Nam exported 309,505 tonnes of coffee, earning approximately US$1.72 billion in the first two months of this year, according to the Department of Customs. Nguyễn Đức Dũng, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), noted that coffee prices in the global market rose sharply. As a result, Việt Nam's coffee export value increased by over 37 per cent during this period, though its export volume decreased by 22 per cent.

We are thrilled to inform the members of HKBAV of the grand opening of our new Branch in Causeway Bay, Hong Kong. Our Causeway Bay Branch strategically locates in the heart of Hong Kong’s iconic shopping and business district, blending technology with bespoke financial solutions to redefine wealth management. As part of our ongoing commitment to strengthen service networks across Hong Kong’s core areas, this new Branch marks a significant milestone in our digital financial innovation journey, and underscores our vision to deliver tech-driven experiences tailored to the evolving needs of all customers. 

Foreign direct investment (FDI) in Vietnam reached 6.9 billion USD in the first two months of 2025, marking a 35.5% year-on-year surge, according to the Foreign Investment Agency under the Ministry of Finance.

Vietnam has set an ambitious export target of 454 billion USD for 2025, a 12 per cent year-on-year increase, despite recent signs of deceleration in exports due to global economic pressures. Many experts believe that achieving this goal will require decisive actions from regulatory bodies and extraordinary efforts from businesses to overcome obstacles.

Vietnam’s economy continues into 2025 with a mix of optimism and challenges. The government has raised the 2025 growth target to 8%, showing strong confidence, but independent forecasts remain more cautious, expecting growth in the 6-7% range. While public investment and supportive policies are driving growth, Vietnam still faces hurdles such as financial risks, infrastructure gaps, and skill shortages. Addressing these structural issues will be crucial for long-term expansion.

This policy change follows the rapid expansion of e-commerce, which has led to a significant rise in low-value imported goods. According to the Department of Vietnam Customs, in 2023, the total value of such imports (under VND1 million) via express delivery services amounted to VND27.7 trillion. With a 10% VAT rate applied, the State budget stands to gain an estimated VND2.7 trillion annually.

Women are at the helm of over 20% of businesses in Vietnam, with the rate of women-led or owned businesses expected to reach at least 30% by 2030. In line with Vietnam’s net zero commitments by 2050, many female entrepreneurs are leading efforts in sustainable production, waste reduction, and green supply chains.

The global automotive industry is undergoing a major transformation, driven by new technologies, shifting consumer preferences and growing environmental concerns. The rise of electric and self-driving vehicles is creating a demand for new skills and expertise in the automotive workforce. Meanwhile, software and electronics companies have already achieved success with many projects in the automotive sector.