Business

With growing two-way trade turnover, increasingly integrated supply-chain linkages, and expanding cooperation in logistics, high technology, green economy and digital transformation, Vietnam and Thailand are gradually shaping a new economic collaboration space within ASEAN that is more interconnected and complementary in nature.

Since establishing diplomatic relations in 1976, Vietnam and the Philippines have built a strong and substantive partnership across sectors. Despite global uncertainties, bilateral ties have continued to deepen, underpinned by mutual respect, equality, and shared interests.

Vietnam offers business opportunities that Thai enterprises “should not miss,” given a market of more than 100 million people, a young workforce, an extensive network of free trade agreements and attractive investment incentives.

Alongside the target of supporting 25,000 businesses and cooperatives, the programme plans to develop at least 20 model sustainable business initiatives to encourage wider adoption across the business community.

The State Bank of Vietnam set the daily reference exchange rate at 25,138 VND/USD on May 26, up 2 VND from the previous day.

Under the national financial inclusion strategy for the 2026-2030 period, Vietnam aims for 95% of the population aged 15 and above to have transaction accounts at banks or other authorised institutions by 2030.

According to the provincial Department of Industry and Trade, Bac Ninh has sold roughly 4,010 tonnes of early-ripening lychee so far, including more than 2,921 tonnes consumed domestically and nearly 1,089 tonnes exported.

With its advantageous geographic location, ample development potential, an increasingly open investment climate, and a strong commitment to supporting businesses, Phu Tho is steadily enhancing its appeal to major Chinese corporations in high-tech industries, manufacturing and processing, logistics, energy, and strategic infrastructure.

The annual event is expected to attract broad participation from businesses across sectors through a combination of traditional trade promotion activities and e-commerce initiatives.

Quang Ngai had 4,960 registered fishing vessels as of May 22, all of which had been updated to the VNFishbase database. All 4,793 active vessels had valid fishing licences, while 67 boats, accounting for 1.38% of registered vessels, were ineligible for licence issuance or renewal.

The PM said rental housing development must be integrated with urban planning, land-use planning, public transport, industrial zones and labour market development, with priority given to major cities, industrial parks and key economic corridors with full infrastructure.

In April, Vietnam’s crude steel output was estimated at 2.1 million tonnes, up 4% year-on-year. With this result, Vietnam surpassed Italy to secure a place among the top 10 global producers.

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

The Vietnamese Ministry of Finance highly appreciates JICA’s close and effective cooperation, which contributed significantly to the successful conclusion of recent loan agreements.

The exhibition is expected to gather more than 50 enterprises and startups operating in smart technologies, landscape materials, clean energy, ecological greenery, architectural design and healthcare solutions.

The provincial budget will cover 50% of actual invoiced costs, capped at 5 million VND (192 USD) per vessel for upgrades and 11 million VND for replacements, with vessel owners paying the remainder. The policy is framed as a shared state-citizen responsibility aimed at driving regulatory compliance. The support runs through December 31, 2026.

He stressed that domestic firms must proactively improve corporate governance, technological capabilities and workforce quality in order to participate more deeply in global supply chains. “Vietnamese enterprises cannot enter the supply chains of multinational corporations unless they meet required standards,” Cuong said.

Vietnam’s fruit and vegetable export turnover in May was estimated at 614.79 million USD, bringing the total to more than 2.67 billion USD in the first five months of 2026, up 16% year-on-year.

China Railway Nanning Group said a container train hauling 170 tonnes of calcium hydroxide left Guigang station in the Guangxi Zhuang Autonomous Region on May 23 afternoon. The shipment transited through Nanning International Railway Port before heading to Vietnam’s Yen Vien station. The corridor is a new cross-border logistics addition following the launch of the Liuzhou-Nanning-Vietnam rail service.

Major policies have been introduced to strengthen the financial market and improve the role of SOEs. Notably, Politburo Resolution No.79-NQ/TW dated January 6, 2026 on State economic development requires SOEs to serve as the core force of the State economy, operate effectively under market principles and adopt modern, transparent governance standards with regional and international competitiveness.