Business News

In the face of global trade turbulence caused by sudden tariff changes in the US and shifts in global supply chains, Việt Nam’s wood and wood product exports have managed to maintain positive momentum. However, the industry is still confronting mounting challenges that demand adaptability and proactive efforts to build domestic resilience.

The Vietnam Leather, Footwear and Handbag Association (LEFASO) has proposed establishing an innovation, R&D and trading centre for fashion materials in Việt Nam to strengthen the domestic supply chain and enhance the competitiveness of the country’s leather, footwear, textile and garment industries. At a Government meeting on July 22, LEFASO Vice Chairwoman and Secretary General Nguyễn Thị Thanh Xuân said the leather and footwear sector still relies heavily on imported materials due to outsourcing.

Việt Nam’s fruit and vegetable exports are expected to reach over US$3.8 billion in the first seven months of 2025, showing a strong recovery after a sharp decline earlier this year, according to preliminary data from the Ministry of Agriculture and Environment. July alone is expected to see an estimated export revenue of around $731.4 million, up 33 per cent year-on-year, although slightly down from June.

Vietnam’s real estate business more than doubled on-year in the first half of 2025 to over $5.17 billion thanks to growing confidence, according to the latest figures released by the Foreign Investment Agency under the Ministry of Finance. The sector accounted for 24 per cent of the country’s total registered foreign direct investment (FDI), which stood at over $21.5 billion.

With a score of 59.2 out of 100, the Southeast Asian country outperformed many developed nations, affirming its emerging position as a country standing ready to embrace the AI era. The WIN Global AI Index measures public awareness, usage, trust, and concerns regarding AI, based on surveys conducted across 40 countries spanning five continents.

China overtook the U.S. as Vietnam’s largest seafood importer in the first half of this year, with a total value of US$1.1 billion, up over 45% year-on-year. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the U.S. imported around US$905 million worth of seafood from Vietnam in January-June, up nearly 18% year-on-year.

This isn’t just a run, it’s a hunt for something more. Get ready for Vietnam’s first-ever all-in-one race experience at Hoiana Resort & Golf, with blazing sunset runs, electrifying live music on the track, and a wild poolside after-party. At The Vibe, you’re not chasing medals, you’re chasing the thrill, the beat, the vibe. Ready to run, stay, and celebrate? The VIBE is on.

The Government has set an ambitious target for Vietnam to achieve a growth rate of 8.3-8.5% this year, aiming to build strong momentum and lay a solid foundation for reaching double-digit growth between 2026 and 2030. Today morning (July 16), Prime Minister Pham Minh Chinh chaired an online Government conference with local authorities to discuss economic growth scenarios for 2025 and the key tasks and solutions needed to achieve the growth target.