Business News

From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.

Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.

On September 21, at the Ministry of Finance headquarters in Hanoi, Deputy Minister Nguyen Duc Chi held talks with a delegation from the Central Social Work Department of the Communist Party of China Central Committee, led by Zhao Shitang, Deputy Minister of the department. Deputy Minister Chi warmly welcomed the delegation and highlighted the significance of the visit in learning about Vietnam’s management of the non-state business sector, particularly the registration, management, and operation of private enterprises.

Phu Tho plans to allocate VND137.035 trillion (US$5.271 billion) in public investment capital for the 2026-2030 period, up roughly 27% from 2021-2025, while the overall number of projects is expected to fall by at least 30%. Under the proposed medium-term public investment plan for 2026-2030 funded by the state budget, Phu Tho's total public investment capital is projected to reach VND137.035 trillion (US$5.271 billion), with VND119.084 trillion (US$4.580 billion) coming from the local budget.

Vietnam’s manufacturing sector continued to improve in August 2026, with output growing at its fastest pace in more than two years and new orders recording their strongest increase since October 2025. This improvement came as foreign direct investment (FDI) inflows into manufacturing continued to grow strongly, showing that the industrial sector’s recovery is being supported by both short-term orders and long-term investment flows.

Vietnam’s budget revenue from import-export activities reached VND352.766 trillion (US$13.568 billion) in the first eight months of 2026, up 17.4% from the same period in 2025. Alongside the growth in goods trade, the customs sector is accelerating administrative reforms, digital transformation and risk control to facilitate businesses while securing revenue.

Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.

Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.