POLISH BUSINESSES SEEK FOOD EXPORT OPPORTUNITIES IN VIETNAM
Polish businesses are looking to expand food exports to Vietnam and to source shrimp, pepper and other Vietnamese agricultural products for the domestic market. On August 6, as part of the “Europe Full of Flavours - Tradition and Quality” programme, the Embassy of Poland in Vietnam, the Polish Investment and Trade Agency in Vietnam, and the Polish Chamber of Commerce and Industry (KIGCP) held a Vietnam - Poland business networking event in Ho Chi Minh City.
FRUIT AND VEGETABLE EXPORTS TOP $1 BILLION FOR FIRST TIME IN JULY
In the first seven months of 2026, exports totalled approximately $4.76 billion, representing a 23 per cent increase compared to the same period last year. The sector’s growth was driven primarily by a recovery in durian exports, which account for more than half of the industry’s total export value. China remained the largest export market, accounting for around 55 per cent of total export value, while the United States and South Korea continued to post positive growth.
VIETNAM'S SEAFOOD EXPORTS GROW IN FIRST SEVEN MONTHS
According to Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s seafood exports totalled nearly $6.86 billion in the first seven months of 2026, an increase of 11.5 per cent on-year. In July, seafood exports reached $1.1 billion, up 4.8 per cent compared to the same period in 2025. China and Hong Kong remained Vietnam’s largest seafood market in July, importing more than $267 million, up 24.7 per cent on-year. During the first seven months, exports reached nearly $1.74 billion, an increase of 34.5 per cent.
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
STATE-OWNED ENTERPRISES SET TO BECOME A STRONGER DRIVER OF ECONOMIC GROWTH
Although state-owned enterprises (SOEs) account for only a small proportion of the total number of businesses, they continue to control substantial resources across many strategic sectors and make significant contributions to the national economy. As Việt Nam strives to achieve double-digit economic growth, enhancing the operational efficiency of SOEs while reinforcing their pioneering and leading role has become an urgent priority.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BRITISH INVESTORS PROPOSE US$18-BLN DEEP-SEA PORT, INDUSTRIAL URBAN COMPLEX IN QUẢNG NINH
British investors have proposed an US$18-billion deep-sea port and eco-industrial urban complex in the northern province of Quảng Ninh as local authorities reaffirmed their commitment to facilitating strategic, high-value investment projects. Representatives of Thai An Holdings JSC and their British partners presented the proposal during a working session with Permanent Vice Chairman of the provincial People's Committee Vũ Văn Diện on August 7 to discuss potential investment opportunities.
DOMESTIC MARKET SEEN AS KEY GROWTH PILLAR FOR WOOD INDUSTRY
The wood industry should treat the domestic market as a strategic growth pillar rather than a fall back when exports weaken, industry executives and policymakers said during a conference on developing the local wood product market on August 6. Valued at about US$5 billion a year and projected to exceed $7 billion by 2030, the domestic wood and furniture market is increasingly seen as a new source of growth for one of Việt Nam's largest export industries, they said.
