Want to be in the loop?
subscribe to
our notification
Business News
ECONOMIC HIGHLIGHTS: MINIMUM WAGE TO INCREASE NEXT YEAR
Minimum wage to increase by 12.4% from next year
The National Salary Council (NSC) on September 3 agreed to a 12.4% increase in minimum wage for 2016. The wage floor will be submitted to the Government for approval in October 2015.
Earlier, the NSC held two meetings to discuss the minimum wage for 2016 without success as the Viet Nam General Confederation of Labour (VGCL) and the Viet Nam Chamber of Commerce and Industry (VCCI) failed to reach an agreement.
The VGCL, which represents labourers, proposed a 16.8% increase while the VCCI, which is on behalf of businesses, was only prepared to accept a paltry 10% rise.
With this increase, the wage in Region I - Ha Noi and HCMC will be raised by VND400,000 (US$17.75) to VND3.5 million (US$155) a month; in Region II - Can Tho, Da Nang, Hai Phong and on the outskirts of Ha Noi and HCMC by VND350,000 (US$15.5) to VND 3.1 million (US$137); in Region III - Bac Ninh, Bac Giang, Hai Duong and Vinh Phuc provinces and provincial cities - by VND300,000 (US$13.3) to VND2.7 million (US$119.5) and Region IV - in the remaining locations it will increase by VND250,000 (US$11) to VND2.4 million (US$106.2).
Petrol prices cut by nearly 1,200 VND per liter
The retail prices of RON 92 and E5 petrol were reduced by VND1,198 (US$0.05) per liter as of 3 pm on September 3, marking the 15th price adjustment this year.
According to the Ministries of Industry & Trade and Finance, RON 92 petro will cost no more than VND17,338 (US$0.77) per liter while bio-petrol E5 is to stand at a maximum ofVND16,843 (US$0.75) per liter.
Prices of diesel and kerosene went down VND111 and VND123per litre, respectively, while fuel oil (FO) fell by VND785 per kilogram.
With the 5th successive reduction in recent time, the petrol and diesel prices have dropped by VND550 and VND3,670 per litre, respectively, against those from earlier this year.
Ground broken for two large-scale projects on Phu Quoc Island
The first project is on a resort complex on Hon Thom Island and a cable car line linking it with Phu Quoc Island.
According to the investor - the Sun Group, the three-track cable car line is 8 kilometers in length, connecting An Thoi town in Phu Quoc district and Hon Thom Island.
Once completed, it is expected to be the world’s longest cable car line, even longer than the Mt. Fansipan 1.5-kilometre cable which currently holds the world record.
The Hon Thom complex will be built into a world-class resort with a marina, hydro plane service, marine and cuisine villages alongside an entertainment park featuring adventurous games and scuba diving.
The Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) inked an agreement in principle to provide capital and banking services for Vinpearl Phu Quoc, a five-star resort complex in Phu Quoc Island to build 500 villas for selling and leasing.
On September 5, an inauguration ceremony for the upgrade of Pleiku airport in the Central Highlands province of Gia Lai was held.
Source: VNEP
Related News
VIETNAM ECONOMY INVESTMENT
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS JUMP NEARLY 30% IN JANUARY
Vietnam’s exports of agricultural, forestry and fishery products surged nearly 30% year-on-year in January 2026, driven by strong growth across major commodity groups and key export markets, according to the Ministry of Agriculture and Environment. Export turnover for the sector in January is estimated at nearly US$6.51 billion, up 29.5% from the same period last year, the ministry said at a regular press briefing on February 5.
VIETNAM MONTHLY STATISTICAL DATA
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN JANUARY OF 2026
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.
MEMBER CORNER / PROMOTIONS
PHUC VUONG DISTRIBUTES "TET REUNION" GIFTS: SENDING LOVE TO THE CONSTRUCTION SITES
On the afternoon of February 6th, amid the busy year-end atmosphere, Phuc Vuong Company organized the "Tet Reunion – Spring Connection" gift-giving event right at the construction site. This annual activity aims to honor the "dream builders" who have dedicated themselves to the company's growth. The General Director was present to personally express his sincere gratitude and hand over meaningful Tet gifts to the workers.
HOSPITALITY / TOURISM / ENTERTAINMENT
INTERNATIONAL ARRIVALS TO VIETNAM REACH NEW MONTHLY HIGH
International arrivals to Vietnam hit a new monthly record in January 2026, rising 21.4% from the previous month and 18.5% year-on-year, according to the National Statistics Office. Air travel continued to dominate, accounting for nearly 80% of all arrivals. Arrivals by land nearly doubled compared with the same period last year, while sea arrivals rose by about 30%, though they remained a small share.
PROPERTY / INDUSTRIAL ZONE
HCMC APPROVES 28 MORE LAND PLOTS FOR HOUSING DEVELOPMENTS
HCMC has approved 28 out of 30 proposed land plots for pilot housing developments, covering a combined area of more than 750,600 square meters, according to a newly adopted resolution. The approved sites are spread across multiple wards and communes, with a strong concentration in the city’s southern and eastern areas.
VIETNAM ECONOMY INVESTMENT
VIETNAM SEES STEADY FDI DISBURSEMENT BUT SLOWER EXPANSION IN JANUARY
Foreign direct investment (FDI) disbursement in Vietnam rose in January, while newly registered capital fell sharply, pointing to stable project implementation but slower investment expansion. Data from the Ministry of Finance showed that January FDI disbursement increased 11.26% year-on-year to US$1.68 billion, reflecting continued execution and expansion of existing foreign-invested projects.
Events Sponsors
