Business News

Despite domestic and global economic challenges, Kiên Giang Province’s industrial production and exports have risen by 14 per cent year-on-year in the first half of the year. According to its Department of Industry and Trade, manufacturing output was worth VNĐ29 trillion (US$1.1 billion), up 13.89 per cent. Exports amounted to $474 million, a 7 per cent increase, with the key items being rice ($151.39 million), leather and footwear ($117.37 million) and seafood ($114.7 million).

Việt Nam’s stock market continued its upward momentum on Tuesday, with the VN-Index surpassing the 1,365-point mark. Trading liquidity improved significantly compared to Monday, while foreign investors shifted to net buying after four consecutive sessions of net selling. The market appeared to react positively to signs of easing tensions in the Middle East.

Việt Nam’s aviation sector witnessed a strong recovery in the first half of 2025, with marked growth in both passenger and cargo transport, particularly in international markets, according to a recent report by the Civil Aviation Authority of Việt Nam. Total passenger volume across the sector reached 41.3 million during the six months, up 10 per cent year-on-year.

Vietnam’s logistics industry is estimated to be valued at $40-52 billion and is experiencing strong growth. However, the sector faces a series of challenges, including fragmented data, lack of transparency, and disjointed management systems, all leading to low operational efficiency and difficulties in ensuring service quality.

In the context of globalization and the Fourth Industrial Revolution, digital technology has become a core factor determining the sustainable development and prosperity of every nation. Vietnam, with its ambition to become a pioneer in the digital era, cannot stand outside this global megatrend. On June 14, 2025, at the 9th session of the 15th National Assembly, lawmaking deputies voted to pass the Law on Digital Technology Industry, with 441 out of 445 votes in favor (a 92.26% approval rate).

Foreigners residing in Việt Nam can apply for an account on the national identification app VNeID under a pilot programme starting July 1 this year, according to an officer from the Ministry of Public Security's National Data Centre. The centre, also known as C06, has issued more than 62 million individual accounts and 292 million accounts for organisations, which are used for online public services.

Vietnamese authorities and international partners have emphasised strategic logistics reforms and enhanced cooperation as essential measures for exporters to overcome tariff pressures and build resilient, sustainable supply chains. At a seminar on seeking logistics solutions for import-export businesses facing US tariff barriers in Hanoi on June 19, Bui Quang Hung, deputy director general of the Vietnam Trade Promotion Agency (Vietrade), noted that 2025 marks a pivotal year for Vietnam’s logistics industry.

Franchising abroad is emerging as an effective strategy for businesses — especially start-ups — to rapidly scale up their operations, enhance brand recognition and open new channels to sell raw materials and services in international markets. While the opportunities are significant, experts said that success hinges on the internal capabilities and readiness of each business to capitalise on these prospects.