Business News

Seafood exports are expected to top US$12 billion this year, but, according to the Vietnam Association of Seafood Exporters and Producers, the industry will have to contend with four major challenges: higher tariffs, stricter traceability requirements, rising input costs, and intensifying competition in key markets. VASEP said seafood exports in the first seven months of the year were up 11.5 per cent year-on-year at $6.78 billion.

The Dung Quất Economic Zone and Quảng Ngãi industrial parks have so far attracted 441 projects worth around US$19.4 billion, according to the Dung Quất Economic Zone and Quảng Ngãi Industrial Parks Authority (DEZA). The DEZA now has 350 projects run by 293 companies, employing nearly 81,700 workers, while about 20,000 additional experts, engineers and workers are building mega projects, according to data presented at a workshop marking the authority’s 30th anniversary recently.

Việt Nam is looking to develop its materials industry to strengthen strategic autonomy, national competitiveness and its ability to master core technologies, as the country pushes for more self-reliant, rapid and sustainable growth. The effort is outlined in the Politburo’s Conclusion 83-KL/TW issued on August 8, which sets out key directions and targets for the development of Việt Nam's materials industry.

Vietnam's new vision on strategic foreign direct investment means that the work of Vinacontrol Group in terms of technology assessment is deemed more vital than ever. Vinacontrol Group is currently one of only two organisations nationwide designated by the Ministry of Science and Technology to conduct technology assessment under Decision No.29/2023/QD-TTg, placing it at the centre of a process that increasingly determines whether an investment project can proceed, be adjusted, or be extended.

In the first half of 2026, Hung Yen's regional GDP grew 10.72 per cent, ranking fifth among 34 provinces and cities nationwide, while the industry and construction sector expanded by 14.6 per cent. Growth momentum continued in July, bringing the province's industrial production index up 15.41 per cent on-year in the first seven months, with manufacturing and processing industries increasing 16.05 per cent.

Vinh Long is turning sci-tech, innovation, and digital transformation into powerful drivers of better governance and stronger economic growth. The province, part of the Mekong Delta region, has completed 57 of the 61 tasks set out under Resolution No.57-NQ/TW. It has also completed 163 of the 165 tasks assigned by the Central Steering Committee.

While business confidence has become more measured compared with the optimistic outlook at the beginning of the year, US companies remain committed to Vietnam. According to a member survey released by the American Chamber of Commerce in Vietnam on August 15, respondents continue to invest, increase revenue, maintain employment, and identify significant opportunities in manufacturing, technology, infrastructure, and the country's growing domestic market.

According to data from the Foreign Investment Agency (FIA) under the Ministry of Finance, Indonesia has made a strong advance, rising to sixth place and up 30 positions among the countries and territories investing in Vietnam in the first seven months of the year. In the same period of last year, Indonesia registered only $11.8 million in investment in Vietnam, down 49.5 per cent from the same period in 2024.