Business News

As Việt Nam’s export turnover has yet to fully reflect its potential within the ASEAN region, enhancing the presence of Vietnamese goods and seizing opportunities in this market is essential, particularly amid tariff fluctuations. This issue demands greater attention from businesses, along with a proactive and flexible approach to market access, deep market understanding and the ability to overcome trade barriers.

With a population of over 240 million Muslims, ASEAN has become a fertile ground for Vietnamese businesses looking to tap into the potential of halal product exports, particularly farm produce and processed foods. The region is seen as a gateway for made-in-Việt Nam products to better integrate into the international halal supply chain.

Despite an unfavourable global economic climate and ongoing challenges facing foreign investment flows, Việt Nam continues to present strong opportunities that could drive a significant boost in investment, according to analysts. One key source of optimism stems from a series of strategic cooperation agreements signed between Vietnamese and Thai partners during the recent official visit of Thai Prime Minister Paetongtarn Shinawatra to Việt Nam.

Policies must ensure property rights, freedom of business, and freedom of movement for all entities participating in the financial centre. Prime Minister Phạm Minh Chính on Thursday requested the establishment of an international financial centre in Việt Nam with a transparent and open legal environment, modern and seamless infrastructure that meets development needs and aligns with global trends and Vietnam's specific conditions.

In the first four months of this year, Việt Nam exported 195,600 tonnes of cashew nuts, worth US$1.33 billion, according to the General Department of Customs. This represents a 10 per cent decrease in volume, but a 14.4 per cent increase in value compared to the same period in 2024. In April alone, Việt Nam exported 73,410 tonnes of cashew nuts, up 31.5 per cent in volume and 28.6 per cent in value compared to March and up 9.6 per cent in volume and 37.9 per cent in value year-on-year. 

To enhance rice exports through 2030, the Ministry of Industry and Trade (MoIT) has rolled out a series of new measures focused on stricter oversight, faster implementation of the national export strategy, and stronger trade promotion efforts. These solutions were introduced by the MoIT’s Export-Import Department during a conference held in the Mekong Delta province of Tiền Giang on Tuesday.

Special mechanisms and policies will be implemented to foster the development of the private sector. Under Government Resolution No. 139/NQ-CP, ministries, sectors and localities are tasked with implementing tasks in addition to their regular duties. One of the plan's core objectives is to improve the business environment by reviewing and removing unnecessary, overlapping, and inconsistent business conditions that hinder private sector growth. This review must be completed no later than 31 December 2025.

The Vietnamese auto market is showing signs of a solid rebound in the early months of 2025, with both sales volume and consumer sentiment on the rise after a sluggish period in the previous year. Việt Nam Automobile Manufacturers’ Association (VAMA) members saw total vehicle sales of 29,585 units in April, the association said.