Business News

Vietnam's supporting industry has made positive strides, driven by a growing number of businesses joining global supply chains. However, the technological capacity of most Vietnamese supporting industry companies still falls short of requirements, limiting their ability to integrate into the global value chains of leading technology firms.

With a robust GDP growth of 7.52% in the first half of 2025—the fastest first-half pace in 15 years—and a young, dynamic, and increasingly skilled workforce, Vietnam continues to solidify its position as one of Southeast Asia’s most attractive investment destinations. The country has seen strong and sustained FDI inflows throughout 2024 and into 2025, driven by its strategic location, stable macroeconomic environment, and expanding middle class.

In the first seven months of 2025, Viet Nam shipped 5.5 million tons of rice worth US$2.81 billion, up 3.1 percent in volume, down 15.9 percent in value. The country has introduced a unique rice variety unavailable anywhere else, which has already secured large orders from Japan at premium rates. Domestic enterprises continue to expand exports to Africa, a promising but high-risk market due to slow payments.

Following the recent provincial mergers, Việt Nam now has 21 coastal provinces and cities. At the same time, new inter-regional waterways stretching hundreds of kilometres have been established. Experts consider this a golden opportunity for the country to unlock its untapped potential in waterway transport.

The cement industry is showing signs of recovery this year after two years of oversupply and weak domestic demand, driven by accelerated public investment in infrastructure development and lower input costs. According to the Ministry of Construction, the sector recorded strong growth in the first six months of the year, with output reaching 49.8 million tonnes, up 18 per cent, and sales rising 14 per cent to 54 million tonnes.

Vietnam’s economy continues to demonstrate robust momentum in the first seven months of 2025, building on a strong start to the year with GDP growth reaching 7.52%, the fastest pace in 15 years. Foreign direct investment (FDI) remained strong during this 7-month period, attracting USD24.09 billion, a 27.3% year-on-year increase, primarily directed toward manufacturing and real estate.

In January–July 2025, seven export items each exceeded 9 billion USD, accounting for 67.67% of Vietnam’s total export value, according to the National Statistics Office.

The Government has decided to grant visa exemptions of up to five years to certain categories of foreigners, including experts, scientists, leaders of major corporations and enterprises, and guests of research institutes.