Business News

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

After 40 years of Đổi mới (Renewal), HCM City is entering a new phase of development, seeking to bring together capital, technology, people, infrastructure, and markets to raise productivity and strengthen competitiveness. Before the national Đổi mới reforms were launched in 1986, the centrally planned economy left businesses with limited autonomy. Between 1976 and 1985, the city experimented with a series of “fence-breaking” initiatives, including wage-price compensation, the three-part plan, and the Directors’ Club.

Japan-based credit rating agency Rating and Investment Information, Inc on October 8 upgraded Việt Nam’s foreign currency issuer rating from BB+ with a positive outlook to BBB- with a stable outlook, placing the country in the investment-grade category for the first time, the Ministry of Finance said. R&I expects Việt Nam to maintain strong growth, supported by a shift towards a productivity and innovation driven growth models, expanded public investment, and sustained foreign direct investment inflows.

Hung Yen’s regional GDP grew 11.2 per cent in the first nine months of 2026, exceeding the 11.1 per cent growth scenario, with industry remaining the key growth driver, supported by construction and investment. Growth continued to accelerate on a quarterly basis. Along with this, the province’s regional GDP increased around 10.6 per cent in Q1, 11 per cent in Q2, and 10.8 per cent in the first six months, before reaching an estimated 12.01 per cent in the third quarter (Q3).

According to the National Statistics Office under the Ministry of Finance, total registered foreign direct investment (FDI) reached $50.36 billion as of September 30, up 76.4 per cent on-year. Of the total, newly registered capital came from 3,108 newly licensed projects with combined registered capital of $29.24 billion, up 6.2 per cent in project numbers and 2.4 times the registered capital compared with the same period last year.

Vietnam is moving to widen market access, improve investment incentives, and streamline procedures, with greater support tied to investors’ actual commitments and results, as part of the law on amending and supplementing a number of articles of the Law on Investment. The proposal was mentioned at the sixth session of the National Assembly Standing Committee in Hanoi on September 30, on amending the Law on Investment.

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.