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US’s ‘reciprocal tariff’ on Việt Nam lacks solid grounds: finance ministry

Vietnam Economic News - Thu, 04/03/2025 - 17:10
A recent report from the Office of the US Trade Representative shows that most US goods imported into Việt Nam are subject to an import tax rate of 15 per cent or lower, says a tax policy officer from the Ministry of Finance.

Việt Nam’s seafood exports surge to $2.45 billion in Q1

Vietnam Economic News - Thu, 04/03/2025 - 16:11
Industry insiders pointed to stable raw material prices and a strategic shift towards higher-value processed products as key factors underpinning the strong performance of the two top earners -shrimp and tra fish.

Stavian Group and Shinec Group enter a strategic cooperation agreement

Vietnam Economic News - Thu, 04/03/2025 - 16:07
Both parties will leverage their strengths, resources and expertise to foster a mutually beneficial collaboration, aiming to create sustainable value through strategic partnerships in Việt Nam’s industrial real estate sector.

Stock market plunges as US imposes 46% tariff

Vietnam Economic News - Thu, 04/03/2025 - 15:58
Việt Nam's stock market experienced its most significant downturn in history on Thursday, after news broke that the United States would be enforcing a 46 per cent retaliatory tariff.

FiinRatings upgrades F88’s credit rating outlook to 'favourable'

Vietnam Economic News - Thu, 04/03/2025 - 15:13
FiinRatings, a leading credit rating agency in Việt Nam, made the announcement just weeks after S&P Global Ratings - one of the world’s top independent credit rating organisations - acquired a 43.6 per cent stake in the company.

Khánh Hòa breaks ground on US$70 million Dốc Đá Trắng Industrial Park

Vietnam Economic News - Thu, 04/03/2025 - 15:07
The project will cover about 288 hectares in Vạn Hưng Commune (Vạn Ninh District) and Ninh Thọ Commune (Ninh Hòa Town), with a total investment exceeding VNĐ1.8 trillion.

Ample room remains for Việt Nam-Belarus trade co-operation

Vietnam Economic News - Thu, 04/03/2025 - 15:02
Belarusian Deputy Prime Minister Anatoly Sivak hopes the two countries will continue to develop the free trade agreement between Việt Nam and the Eurasian Economic Union (EAEU).

PM urges US to adjust tariffs in light of strong bilateral relations

Vietnam Economic News - Thu, 04/03/2025 - 15:00
The PM said he hopes the US will adjust its tariff measures in light of the strong bilateral relationship between the two countries, the aspirations of their people, and Việt Nam's efforts in fostering economic cooperation.

Foreign agencies help Việt Nam build legal framework for e-waste

Vietnam Economic News - Thu, 04/03/2025 - 14:59
Việt Nam's government plans to introduce a stand-alone Extended Producer Responsibility Decree in the third quarter in 2025, signaling a major step towards refining the country’s waste management and circular economy policies.

Việt Nam’s digital transformation to shape industry progress in 2025

Vietnam Economic News - Thu, 04/03/2025 - 14:29
Manufacturing remains a key engine of growth, contributing to nearly 25 per cent of GDP in 2024, while logistics is expanding rapidly in response to increasing domestic consumption and foreign investment.

SBV's credit growth target helps real estate recovery

Vietnam Economic News - Thu, 04/03/2025 - 11:06
Experts said a large portion of this influx of cash will likely flow into promising investment avenues like real estate and securities, especially given the current volatility in the gold market.

Profits, dividends, capital increases and bad debts on agendas of 2025 banking AGMs

Vietnam Economic News - Thu, 04/03/2025 - 11:02
In a discussion with shareholders, VIB Chairman Đặng Khắc Vỹ said that bad debt handling is one of the ‘hot’ issues of the entire banking industry.

Việt Nam, Laos boost trade at Savannakhet expo

Vietnam Economic News - Thu, 04/03/2025 - 10:38
Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Đồng Nai to build 330-ha IP adjacent to Bến Lức - Long Thành expressway

Vietnam Economic News - Thu, 04/03/2025 - 10:05
The southern province of Đồng Nai has announced plans to develop a 330-hectare industrial park in Nhơn Trạch District adjacent to the ongoing Bến Lức - Long Thành expressway.

US imposes 46 per cent tax on certain goods imported from Việt Nam

Vietnam Economic News - Thu, 04/03/2025 - 09:45
US President Donald Trump has announced a 46 per cent reciprocal tariff on certain goods imported from Việt Nam, the second highest among all exporting countries to the US.

Domestic trade could boost GDP growth: experts

Vietnam Economic News - Thu, 04/03/2025 - 09:24
Experts stressed the importance of comprehensive solutions, including industry-wide collaboration. Rather than isolated competition, sectors such as tourism and trade should work together to drive broader economic expansion.

Online retailers face challenges due to increasing fees

Vietnam Economic News - Thu, 04/03/2025 - 09:00
Online retailers in Việt Nam are facing challenges, with many of them either halting online sales or raising retail prices in response to e-commerce platforms announcing fee increases starting from April. 

Output rises for first time in three months: PMI

Vietnam Economic News - Thu, 04/03/2025 - 08:08
In a report released on April 1, the S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted above the 50.0 no-change mark for the first time in four months during March, signalling an improvement in business conditions at the end of the first quarter of 2025.

Key details on Trump's market-shaking tariffs

Vietnam Economic News - Thu, 04/03/2025 - 08:03
A fresh "baseline tariff" of 10 per cent will apply to economies around the world, with steeper rates tailored to those that Washington deemed as bad actors.

PM asks Standard Chartered for support in developing int'l financial centres, green finance

Vietnam Economic News - Wed, 04/02/2025 - 23:17
The PM also called for the bank’s increased assistance for Việt Nam's implementation of JETP, provision of green development credit, and business support in projects involving wind energy, green hydrogen, and sustainable trade

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