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‘Strategic trust’ with the US is key to Vietnam’s economic future

With shifting US policies and potential trade risks, Vietnam must take proactive steps to build trust with Washington. Dr. Vu Thanh Tu Anh outlines key measures to secure Vietnam’s recognition as a market economy and avoid economic setbacks.

AI-powered tax audit helps recover over $191 million in 2024

The integration of AI in electronic invoice monitoring has enabled Vietnam's tax authorities to identify fraudulent activities, leading to the recovery of over $191 million in unpaid taxes from 501 companies.

Thousands of bank employees laid off as financial institutions restructure

Despite an increase of nearly 5,500 employees across the banking sector in 2024, several banks, including Sacombank and BIDV, have implemented significant layoffs.

China surpasses the US as Vietnam’s top lobster importer

In 2024, China’s purchases soared by 39%, accounting for nearly all of Vietnam’s lobster exports and reshaping the global seafood market.

Vietnam must break old constraints to enter a new era of development

Vietnam has the momentum and ambition - encouraged by its leaders - to embark on a new and transformative development path toward prosperity.

Several big banks see bad-debt ratio increase

Group 5 non-performing loans (NPLs) at most listed banks in Vietnam have surged sharply as shown in the fourth-quarter 2024 financial reports. Only three banks reported a decline in Group-5 bad debts in 2024.

Vietnamese tycoons show off new business records

Many large corporations have reported satisfactory business results for 2024, including gold traders, retailers, realtors and financiers.

Vietnam sets bold 8% GDP growth target for 2025: What will drive success?

With ambitious economic goals, the government is focusing on public investment, exports, and institutional reforms while navigating global uncertainties.

Experts urge Temu to commit to refund timelines for Vietnamese customers

Amid Temu’s temporary suspension in Vietnam, e-commerce experts recommend that authorities require the platform to disclose refund details and set clear timelines for unresolved cases.

Vietnam’s steel industry faces new U.S. tariffs: how will it cope?

The U.S. government's decision to impose a 25% tariff on imported steel sent shockwaves through Vietnam’s steel industry, causing Hoa Phat Group chairman Tran Dinh Long to lose $80 million in a single trading session.

How much do Vietnamese bankers earn? The latest salary rankings revealed

Techcombank employees make nearly USD 2,000 per month on average, while some smaller banks pay less than USD 800.

Vietnam faces temporary pork shortage as prices surge to 3-year high

Pork prices in Vietnam have hit their highest level in three years, driven by a temporary supply shortage and increased consumer stockpiling around the Lunar New Year.

High-end real estate surges in HCM City as major projects move forward

With luxury apartment prices hitting record highs, Ho Chi Minh City's property market is witnessing an influx of high-end developments, signaling renewed investor confidence.

Hanoi’s highest salary reaches nearly $6,000, paid by foreign-invested firm

The latest labor market report reveals significant salary variations, with FDI enterprises offering the highest wages, while private and state-owned businesses maintain moderate pay scales.

Vietnam considers real estate tax reform to limit market speculation

In a bid to regulate the real estate market, the Ministry of Finance is studying a new tax structure that would impose higher rates on short-term property transactions and lower rates for long-term holdings.

Vietnam’s rice industry soars to $5.7 billion, redefining its global reputation

Vietnam’s rice industry has gone beyond quantity, focusing on quality and sustainability. The shift has brought higher prices, international recognition, and greater income for farmers, marking a historic year for the sector.

Proposal to offer young homebuyers loans at 6-7% interest

The Ho Chi Minh City Real Estate Association (HoREA) has proposed that the State Bank of Vietnam establish a loan program for young people aged 18-45 to buy their first home with a commercial interest rate of 6-7% per year.

$17 billion investment plan proposed for Hanoi and HCM City metro systems

The National Assembly is set to review a resolution allowing the two largest cities in Vietnam to implement special financial and administrative policies to fast-track metro system development.

Billions in cash: Why are Vietnam’s top companies hoarding liquidity?

Vingroup, FPT, and MWG are sitting on unprecedented cash reserves - are they gearing up for major deals, or playing it safe amid economic uncertainty?

Vietnam's car industry to diversify supply chain

While China remains a significant supplier, recent trade data highlights Vietnam’s efforts to diversify supply to meet industry demands.