Business News

Việt Nam is aiming for an average annual growth rate of at least 10 per cent between 2026 and 2030, according to a new directive from Prime Minister Phạm Minh Chính on the socio-economic development plan for the next five-year period. Directive No 31 requires that the targets set for 2026-30 must be clear, feasible and compliant with the 2021-30 national development strategy.

Việt Nam, one of the world’s leading producers and exporters of seafood, is exploring ways to transform seafood by-products into value-added products, boosting the sustainability and profitability of the sector while contributing to a circular economy. In HCM City, several enterprises have successfully tapped into this potential. 

The Ministry of Finance has shown optimism about the country’s progress in public investment, which is helping the economy achieve its desired growth and control inflation. Deputy Minister of Finance Nguyen Duc Chi last week reported that there have been quite positive signals in disbursement of public investment in the first nine months of this year, providing more support for the economy to reach its desired economic growth target of 8.3-8.5 per cent this year.

On October 14, EuroCham announced the Q3/2025 edition of the Business Confidence Index (BCI), which revealed a renewed surge of optimism among European firms operating in Vietnam. The index climbed to 66.5 points, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving US tariff pressures.

The southern province of Vĩnh Long has recorded a strong recovery in export activities this year. In the first nine months of 2025, its export turnover reached US$2.7 billion (around VNĐ68.5 trillion), marking an 18.36 per cent increase year-on-year and fulfilling 76.54 per cent of the annual plan. According to the provincial People’s Committee, the figures reflect a strong rebound of production and business activities following global market fluctuations.

Vietnam’s digital economy is undergoing a major transformation, with e-commerce emerging as a leading growth sector. According to the Ministry of Industry and Trade, the B2C e-commerce market grew 25-27% in the first eight months of 2025, exceeding initial forecasts by 3-7 percentage points. In response, the annual growth target has been revised to 25.5%, with total transactions expected to reach about US$28 billion in 2025 and US$50 billion by 2030.

HCM City is ramping up efforts to attract a new wave of high-quality foreign investment as it targets US$10.44 billion in foreign direct investment (FDI) this year, following a major administrative merger with Bình Dương and Bà Rịa-Vũng Tàu provinces. The expanded 'Greater HCM City' now encompassing 64 export processing and industrial zones (EPZs and IPs) across 45,000 hectares of industrial land and is positioning itself as a regional innovation and high-tech manufacturing hub, city leaders say.

Under Official Dispatch No. 194/CD-TTg, issued on October 10, the directive calls for stronger state management of investment activities and measures to foster a more favourable business environment. The move aims to fully disburse assigned capital, sustain growth of over 8 per cent this year, and lay the groundwork for rapid progress in the 2026–2030 period, particularly in digital, green, and circular economy development.