Business News

Vietnam has extended agricultural land use tax exemption until December 31, 2030 under a resolution recently signed by National Assembly Chairman Tran Thanh Man. According to Resolution No. 216/2025/QH15, the NA agreed to prolong the tax exemption originally stipulated in Resolution No. 55/2010/QH12 dated November 24, 2010, which had previously been amended and supplemented by two resolutions in 2016 and 2020.

According to the Ministry of Agriculture and Environment, AFFP exports were valued at $33.5 billion, up 14.3 per cent, and imports at $23.5 billion, up 12.8 per cent, for the period. Tran Gia Long, deputy director of the Planning and Finance Department under the Ministry of Agriculture and Environment, said, "The global economy in the first half of this year has experienced many fluctuations. However, our country’s agricultural production has remained stable and achieved decent growth."

Vietnam’s total export and import turnover in the first half of this year reached US$432.03 billion, a year-on-year increase of 16.1 percent, according to the National Statistics Office. Of the figure, exports hit US$219.83 billion, up 14.4 percent while imports were estimated at US$212.2 billion, up 17.9 percent. The Southeast Asian nation enjoyed a trade surplus of US$7.63 billion in six months.

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.

Việt Nam’s frozen durian exports tripled in the first half of this year, driven by expanded market access and increased investment in processing, according to the Ministry of Agriculture and Environment. Đỗ Hồng Khanh from the Plant Production and Protection Department said at the ministry’s press conference on Thursday that 388 batches of frozen durian, or 14,282 tonnes, were shipped abroad between January and June, three times higher than the same period last year.

Vietnam’s economy is expected to expand at least 7.3% in the first half of this year, nearing the Government’s annual target and marking the highest six-month growth for the same period in nearly 20 years, according to the Ministry of Finance. Early estimates in late May put second-quarter gross domestic product (GDP) growth at around 7.7%, bringing first-half growth to 7.3%.

On June 30, localities across Việt Nam announced resolutions on the merger of administrative units, marking a significant step in the country's efforts to streamline governance and promote regional development. Following the restructuring, Việt Nam now comprises 34 provinces and centrally-governed cities. More than a routine administrative reform, the mergers are viewed as a strategic move to create localities with greater scale, connectivity and development potential.

In a move to encourage stronger private sector engagement in scientific research and technological development, the Government has issued a legal framework and special incentives designed to attract investment into science, innovation and digital transformation. On July 1, the Government issued Decree 180/2025/NĐ-CP, setting out rules and policies for public-private partnerships (PPPs) in science, technology, innovation and digital transformation.