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Rice exports expected to hit 5 billion USD this year
Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD.
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The 2023 export performance is anticipated to serve as a catalyst for the rice sector, enabling it to explore new markets, strengthen the reputation of Vietnamese rice, enhance national food security, and foster sustainable production and exports in the future.
New strategy shapes plant cultivation growth to 2030
Deputy Prime Minister Tran Luu Quang has signed a decision approving a strategy to develop plant cultivation until 2030 with a vision to 2050, aiming to turn plant cultivation into a complete and professional technical-economic sector with highly competitive products, meeting requirements in food safety, national food security and other needs of the economy, securing high export values.
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MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports
The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.
Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service
The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.
Vietnam launches first NAPAS – Mastercard co-badged card
This marked the first collaboration of its kind between a domestic switching network and an international card scheme in the Vietnamese market.
Vietnam’s plan to cut US car tariffs faces limited short-term impact
While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.
Vietnam, US foster bilateral economic, financial cooperation
Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.
Reference exchange rate down 10 VND on May 16
The daily reference exchange rate for the US dollar fell 10 VND from the previous day to stand at 24,960 VND/USD on May 16.
Satellite cities seen as a solution to Hanoi's urban expansion
While Hanoi remains the economic driver in finance, logistics and innovation, neighbouring localities are evolving into manufacturing and logistics belts, supplying land, labour and support services, particularly for high-tech industries.
Resolution 68: A game-changer for Vietnam’s private sector
Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.
VietOffice 2025 expected to attract 100 exhibitors
The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.
Exporters diversify orders to reduce reliance on single market
Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.
Government proposes 2-pp VAT reduction on select goods and services until 2026
A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.
Francophone businesses ready to embrace new investment opportunities in Vietnam
Many Francophone businesses expressed interest in upcoming opportunities and outlined their expectations for deeper cooperation and future investment in Vietnam.
Vietnam, US hold conductive trade negotiations: Spokesperson
She affirmed that Vietnam has been actively and proactively promoting balanced and sustainable trade and investment cooperation with the US on the basis of effectiveness, frankness, equality, mutual respect, and mutual benefit.
Petrol prices up in latest adjustment
E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.
Vietnam forecast to become world’s second-largest rice importer by 2025–26
Vietnam’s rice exports reached a record 9.04 million tonnes in 2024, up 11 percent year-on-year, with an increase of 21% in value to reach 5.7 billion USD. Meanwhile, rice import totalled 3.7 million tonnes last year.
Ba Ria-Vung Tau: New phase of luxury resort project kicks off
The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.
High-speed rail project spurs call for domestic supply chain development: Forum
Only about 20 Vietnamese companies can nearly meet the technical, technological, and financial requirements of the demanding North-South high-speed rail project.
Vietnam, US conduct technical talks on double taxation avoidance deal
As of April 30, 2025, Vietnamese investors injected 1.36 billion USD in 252 projects in the US, mainly in scientific and technological services, real estate business, and manufacturing and processing industries.
Quality, branding, sustainability essential for Vietnamese coffee to go global: Insiders
With proactive business measures, market expansion policies, and improved product quality, Vietnam's coffee industry is still expected to achieve export turnover of around 7 billion USD in 2025.
Reference exchange rate down 30 VND on May 15
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,219 VND/USD and the floor rate 23,722 VND/USD.
