Business News

Việt Nam is gradually transforming from a manufacturing hub into a regional centre for high-tech innovation. The country currently ranks fifth in the world for electronics, computers and components exports, and second globally for mobile phones and components exports. The export turnover of electronics reached US$134.5 billion last year.

Following its merger with Bình Dương and Bà Rịa-Vũng Tàu provinces early this month, the new HCM City is targeting US$10.44 billion in foreign direct investment this year. To achieve this goal, it is implementing a range of measures to foster a more transparent and streamlined investment environment for both domestic and foreign investors.

Vietnam is fast becoming a prime hotspot for data centre investment in Asia-Pacific, offering the region’s second-highest yield-on-cost after Singapore, according to a new report from Cushman & Wakefield. The Asia-Pacific Data Centre Investment Landscape report from July 10 found Yield on Cost (YoC) on data centre investments in Vietnam to be in the range of 17.5 to 18.8 per cent, behind Singapore’s 21 to 23 per cent.

The total number of cars sold by the Vietnam Automobile Manufacturers Association (VAMA)’s members in June 2025 reached 31,977 vehicles, up 9 per cent over May and up 20 per cent over the same period in 2024. Passenger cars accounted for the largest number of sales with 22,934 vehicles, up 14.6 per cent over the previous month.

Coffee has once again emerged as a star performer among agro-forestry-fishery exports in the first half of 2025, with both volume and value registering strong growth despite ongoing global challenges in supply and climate conditions. According to the Ministry of Agriculture and Environment (MAE), Việt Nam exported an estimated 953,900 tonnes of coffee worth US$5.45 billion in the first six months of 2025, increasing by 5.3 per cent in volume and 67.5 per cent in value compared to the same period in 2024.

Quảng Ngãi Province achieved the highest gross regional domestic product (GRDP) growth in Việt Nam in the first half of 2025, reaching a record 11.51 per cent. At current prices, the province’s GRDP was estimated at around VNĐ67.4 trillion (approximately US$2.6 billion). Industry and construction accounted for the largest share, followed by services and agriculture.

Nearly 80 per cent of manufacturing and processing enterprises anticipate that business conditions in the third quarter will remain stable or improve, according to the National Statistics Office (NSO). Findings from a recent business sentiment survey conducted by the NSO under the Ministry of Finance show that 37.3 per cent of businesses expect better performance in Q3, while 43.5 per cent forecast steady operations. About 19.2 per cent believe difficulties will persist.

Business activity across Việt Nam in the first half of 2025 recorded encouraging signs of recovery, as the number of newly established enterprises and those resuming operations both rose sharply year-on-year. At the same time, investment flows, particularly foreign direct investment (FDI), remained at high levels, supporting the rebound of production and commercial activities.