Business News

Vietnam is reshaping its foreign direct investment strategy to prioritise high-quality, technology-driven, and sustainable projects, aiming to boost innovation, productivity, and national competitiveness in a changing global landscape. The Q&A session on June 19 of the ongoing 15th National Assembly (NA) Legislature centred on the effectiveness and future direction of foreign direct investment (FDI) attraction policies.

Personal identification numbers (PINs) will be used in place of tax codes for individual taxpayers, including business households and individuals, starting July 1, according to guidance from the General Department of Taxation. Business households without a tax code before July 1 must register both business and tax information with the business registration authority.

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Total outstanding loans in HCMC’s banking system amounted to VND4.1 trillion as of the end of May, up 3.89% compared to the end of 2024 and 13.64% year-on-year. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch, credit growth in HCMC during the first five months of 2025 was positive, outpacing the same period in the past two years.

Vietnam's commitment to green growth is yielding significant results, shown by improvements in environmental management. The average provincial green index (PGI) across Vietnam’s provinces and cities rose by 3.9 points, from 21.00 in 2023 to 25.39 in 2024 - a 17% increase in just one year. The PGI 2024 results showed that Hai Phong ranked first overall, achieving outstanding scores in all four sub-indices with a total of 29 points.

The central city of Hue attracted more than 2.7 million visitors in the first five months of 2025, up 67% year-on-year, according to local tourism authorities. International arrivals reached nearly 1.1 million during the period. Tourism revenue was estimated at more than VND5 trillion, up 55% year-on-year, Hue Ngay Nay Online news website reported.

Amid lingering uncertainties in the global economy, Bình Dương has sustained strong momentum in both industrial output and exports during the first half of 2025. The southern industrial hub recorded exports exceeding VNĐ452 trillion (US$18.4 billion), a 13.9 per cent increase year-on-year, reaffirming its status as one of Việt Nam’s most dynamic economic centres.

More than half of insurance companies expect the market to grow by 5-10 per cent this year, driven by the resonance of internal recovery and policy momentum, according to a survey by Vietnam Report. The information was updated by Vietnam Report JSC at the event announcing the Top 10 prestigious insurance companies this year.