Business News

Although state-owned enterprises (SOEs) account for only a small proportion of the total number of businesses, they continue to control substantial resources across many strategic sectors and make significant contributions to the national economy. As Việt Nam strives to achieve double-digit economic growth, enhancing the operational efficiency of SOEs while reinforcing their pioneering and leading role has become an urgent priority.

Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.

The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.

According to Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s seafood exports totalled nearly $6.86 billion in the first seven months of 2026, an increase of 11.5 per cent on-year. In July, seafood exports reached $1.1 billion, up 4.8 per cent compared to the same period in 2025. China and Hong Kong remained Vietnam’s largest seafood market in July, importing more than $267 million, up 24.7 per cent on-year. During the first seven months, exports reached nearly $1.74 billion, an increase of 34.5 per cent.

In the first seven months of 2026, exports totalled approximately $4.76 billion, representing a 23 per cent increase compared to the same period last year. The sector’s growth was driven primarily by a recovery in durian exports, which account for more than half of the industry’s total export value. China remained the largest export market, accounting for around 55 per cent of total export value, while the United States and South Korea continued to post positive growth.

Polish businesses are looking to expand food exports to Vietnam and to source shrimp, pepper and other Vietnamese agricultural products for the domestic market. On August 6, as part of the “Europe Full of Flavours - Tradition and Quality” programme, the Embassy of Poland in Vietnam, the Polish Investment and Trade Agency in Vietnam, and the Polish Chamber of Commerce and Industry (KIGCP) held a Vietnam - Poland business networking event in Ho Chi Minh City.

As the sun sets over Ho Tram, let music take center stage. This August, The Grand Ho Tram invites you to DẠ KHÚC - an elegant evening where four of Vietnam’s most celebrated voices come together to perform the songs that have touched generations. Reserve your seat and experience a memorable night where timeless music meets the beauty of Ho Tram.

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.