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Billionaire Pham Nhat Vuong and other giants plan blockbuster IPOs

Billionaire Pham Nhat Vuong is set to launch a blockbuster IPO for Vinpearl, leading a wave of major listings that promise to rejuvenate Vietnam’s stock market.

Novaland dismisses resignation rumors surrounding Chairman Bui Thanh Nhon

In response to unfounded reports about its leadership, Novaland has confirmed that its Chairman, Bui Thanh Nhon, remains in his position, actively directing the group’s activities.

Vietnam records over 157,200 newly established enterprises in 2024

In 2024, Vietnam registered over 157,200 new enterprises, with Ho Chi Minh City and Hanoi leading in business formations.

La Vie mineral water company hit with $2.8 million tax bill

La Vie, Vietnam's leading bottled water company, faces a $2.8 million tax bill after authorities discovered miscalculations in taxes and fees from 2016 to 2020.

HCM City remittances up at record $9.6b in 2024

Following 2023, remittances to HCM City rose to a record again of US$9.6 billion last year, the State Bank of Vietnam has said. They were up $140 million from 2023 and accounted for more than half of the country’s total remittances.

Prime Minister greenlights Ninh Co Economic Zone in Nam Dinh

The Prime Minister has approved the establishment of the Ninh Co Economic Zone in Nam Dinh Province, spanning 13,950 hectares and promising significant economic and social benefits.

Vietnam sets record with nearly $1.2 billion cashew exports to the US

The US has made a historic $1.2 billion investment in importing Vietnamese cashews, solidifying Vietnam's position as the world’s leading cashew supplier.

Mandatory transfer of DongA Bank terminates shareholder ownership

Once one of Vietnam's prominent banks, DongA Bank has now been placed under mandatory transfer by the SBV, effectively ending the rights of its shareholders, including major institutional investors.

Low-cost Chinese milk grapes dominate Vietnamese markets despite safety warnings

Following the detection of harmful chemicals in Thailand, Chinese milk grapes remain a staple in Vietnam’s markets, with authorities ensuring compliance with domestic safety standards.

European start-up enters Vietnam’s ride-hailing market

Similar to other popular technology ride-hailing applications such as Grab or Be, Bolt expects to provide basic services, including transport, shopping and food delivery.

MPI outlines key components for first-ever IFC

Vietnam gets ready to establish its first international financial centre (IFC) in HCM City, the Southeast Asian economy’s largest economic hub.

Vietnam’s billion-dollar green hydrogen opportunity lies in limbo

Green hydrogen offers Vietnam the opportunity to achieve its net-zero goals and potentially earn billions of dollars, but significant challenges could delay its progress.

Record pork prices ahead of Lunar New Year spark illegal imports

With pork prices peaking at 70,000 VND/kg, Vietnam faces challenges from illegal imports of disease-affected and unsafe pork, prompting stricter enforcement measures.

Proposal to tax second and subsequent homes under consideration

The Ministry of Finance (MOF) continues to research and identify problems and inadequacies in the implementation of tax policies related to real estate.

Vietnam's auto industry weathered the storm in 2024

Though facing difficulties, the automobile industry had a prosperous 2024 thanks to the government’s support, car dealers’ preferences, and VinFast’s product strategy.

Vietnam targets Agoda, Airbnb, PayPal, and Booking.com for tax compliance

The General Department of Taxation has named key foreign platforms operating in Vietnam without fulfilling tax obligations, including Agoda, Airbnb, PayPal, and Booking.com.

Strategic deals at Trump’s estate enhance U.S.-Vietnam trade ties

Nguyen Thi Phuong Thao, founder of Vietjet, recently met with strategic U.S. partners at Mar-a-Lago, Donald Trump’s estate, to discuss billion-dollar deals that deepen U.S.-Vietnam relations.

From $9 million to $1.75 billion: Nghe An’s FDI success story

Once a minor player in foreign investment, Nghe An has climbed into Vietnam’s top FDI destinations, attracting $1.75 billion in 2024 alone, thanks to strategic planning and a supportive business environment.

WHA Group to invest $1 billion in Vietnam’s industrial real estate

WHA Group plans to invest at least US$1 billion in the next five years to develop eco-industrial and smart industrial parks in Vietnam.

Majority of credit institutions expect profit growth in 2025

According to an SBV survey, In 2025, 85.1 per cent of credit institutions expect their pre-tax profits to grow positively compared to 2024.