
Lite-On breaks ground on 690 mln USD electronics plant in Quang Ninh
The project underscores Quang Ninh’s commitment to administrative reform and a business-friendly environment to attract high-tech, smart, and eco-friendly industrial investments.
The project underscores Quang Ninh’s commitment to administrative reform and a business-friendly environment to attract high-tech, smart, and eco-friendly industrial investments.
VinFast leads the domestic market, delivering over 87,000 EVs in just three years, with more than 12,500 units sold in February alone.
Vinh Phuc province pledges to create the best possible conditions for Hekou investors and businesses to invest in local industrial parks, particularly in electronics and textile manufacturing, a local official has said.
Since taking office, the Government has prioritised securing investments for transport infrastructure to ease transport-related bottlenecks in the Mekong Delta.
ProPak Vietnam 2025, Plastics & Rubber Vietnam 2025, and DrinkTech Vietnam 2025 serve as not only a showcase of cutting-edge technologies and breakthrough solutions but also a platform for business networking, enabling enterprises to improve competitiveness, stay ahead of market trends, and expand their global presence.
With over 70% of exhibitors coming from international markets, the expo serves as a key platform for business networking and cultural exchange.
Vietnam’s trade volume is forecast to grow at a compound annual rate of 6.5% from 2024 to 2029, up from 6.2% in the 2019-2024 period.
The Vietnamese government has always been open and friendly to investment and has implemented many reforms to integrate into the global trade.
Takashi Takanashi, head of the Spice House Co., a company based in Sagamihara, Kanagawa Prefecture, specialising in wholesale imported food for restaurants and retailers, said his company is receiving increasing requests for Vietnamese rice, he said.
According to the department, 130 foreign suppliers, including Google and Facebook, have registered, declared, and paid taxes through the electronic tax portal for foreign providers, contributing a total of 2.91 trillion VND (114 million USD).
Nguyen Duc Dung, Deputy General Director of the Mercantile Exchange of Vietnam (MXV), noted that coffee prices in the global market rose sharply. As a result, Vietnam's coffee export value increased by over 37% during this period, though its export volume decreased by 22%.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,793 VND/USD on March 18, down 1 VND from the previous day.
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.