Business News

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.

Profits in Việt Nam’s banking sector showed a brighter picture in the third quarter of 2025 than in the first half of the year, supported by continued positive credit growth and a stable net interest margin (NIM). Experts at MB Securities Company (MBS) said credit growth momentum remained steady in the third quarter, with an estimated increase of 14.8 per cent since the beginning of the year and 4.6 per cent compared to the previous quarter.

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.

Vietnam closed the third quarter of 2025 with sustained growth momentum, posting 8.23% year-on-year expansion in the quarter and 7.85% for the first nine months of the year. Industry and services continued to drive the country’s economy, supported by resilient domestic consumption and a rebound in tourism. Trade turnover increased by 17.3% year-on-year while Vietnam continued to record a trade surplus of USD16.82 billion.

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.

At the first Congress of the Government’s Party Committee for the 2025-2030 tenure that opened today, October 13, Permanent Deputy Prime Minister Nguyen Hoa Binh said Vietnam aims to become a modern industrialized nation with upper-middle income by the end of the decade. The country also targets being among the 30 largest economies in the world and the third largest in ASEAN.

By 2050, logistics services are expected to account for 7–9 percent of GDP, growing 10–12 percent annually, with the outsourcing rate reaching 80–90 percent and logistics costs reduced to 10–12 percent of GDP. Viet Nam also aims to rank among the world's top 30 in the LPI, with all logistics enterprises fully implementing digital transformation solutions.

Hung Yen posted robust economic gains in the first nine months of 2025, driven by industrial growth, record budget revenue, and a sharp rise in public and private investment. Along with this, the province's regional GDP in the first nine months of 2025 reached approximately $4.59 billion, marking on-year growth of 8.01 per cent. This places the province 16th out of 34 localities nationally in terms of growth.