Small- and medium-sized enterprises are supported by facilitating connections with financial institutions, investors and domestic and international experts.
Backed by a 5 million Swiss Francs (5.6 million USD) grant from the State Secretariat for Economic Affairs (SECO), the initiative will run until 2029, helping over 500,000 SMEs access up to 35 billion USD in financing.
According to the Department of Customs under the Ministry of Finance, Vietnam’s aquatic product exports reached $655 million in February, marking a 44.5% year-on-year increase. This brought the total for the first two months of 2025 to $1.42 billion, up 19% compared to the same period in 2024.
The credit growth quota system, which puts a cap on the credit expansion of each bank, has been maintained by the SBV since 2011, when Vietnam’s economy was experiencing hyperinflation stemming from excessive money supply.
According to deputy director of the State Bank of Vietnam’s HCM City office Nguyen Duc Lenh, outstanding credit as of February was 3.936 trillion, down 0.17% from December 2024 but 12.2% up year-on-year.
The suspension, which lasted from 5pm on March 12 until 8am on March 17, was necessary to enhance tax management and implement structural changes.
Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902
The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.
Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022
Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%, resulting in a trade surplus of 235 million USD.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,794 VND/USD on March 17, up 15 VND from the previous day.
As part of its expansion strategy, Vietnam Airlines plans to launch and restore 15 international routes in 2025, connecting Vietnam to key destinations such as Italy, Russia, Denmark, China, India, Japan, the Republic of Korea, and the UAE.
Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.
Fukuoka, northeastern Thailand, and central Vietnam could form an important economic triangle, bringing practical benefits to regional economic development.
Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.
The exemption from anti-dumping duties reflected the firm’s legal expertise in handling international trade regulations. Furthermore, downstream businesses using Hoa Phat’s HRC will have greater opportunities to export to the EU without concerns over origin or raw material pricing issues.
Customer demand remains high, with Vietnam exporting over one million tonnes of rice in the first two months of the year.
Vietnam is currently Italy's largest trading partner in ASEAN, with bilateral trade turnover reaching 6.9 billion USD in 2024, an increase of 13.1% year-on-year.
Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.
Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.
