Business News

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UNLOCKING MORE THAN $38 BILLION IN PUBLIC INVESTMENT TO DRIVE GROWTH

According to the Ministry of Finance, the Government and Prime Minister have assigned a total public investment plan of VNĐ1.014 quadrillion for this year, including VNĐ364 trillion from the central budget and VNĐ650 trillion from local budgets. Including additional local budget funds, the total planned capital reached VNĐ1.029 quadrillion as of August 6.

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ĐỒNG NAI CALLS FOR INVESTORS IN DIGITAL TECHNOLOGY PARK

Đồng Nai Province is seeking investors for infrastructure development of the Long Thành Concentrated Digital Technology Park, with total costs estimated at nearly VNĐ1.4 trillion (US$53 million). Covering 119.5 ha in An Phước and Bình An communes in Đồng Nai City, the park is expected to become a centre for information technology, research and development (R&D), technology transfer and digital technology business incubation as well as digital technology services.

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BẮC NINH DRIVES DIGITAL TRANSFORMATION AT 54,000 SMALL AND MEDIUM-SIZED ENTERPRISES

Bắc Ninh Province is accelerating digital transformation among its small- and medium-sized enterprises to enhance their efficiency and competitiveness and enable integration into global supply chains. Thăng Long Packaging Production and Import-Export JSC in Từ Sơn Ward is implementing a smart factory model to improve management and production. 

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FRUIT AND VEGETABLE EXPORTS HIT $1 BILLION FOR SECOND STRAIGHT MONTH

Việt Nam's fruit and vegetable exports are estimated to have reached nearly US$1.1 billion in August, marking the second consecutive month that monthly shipments topped $1 billion, customs data showed. August exports rose 14.6 per cent from the same month last year, after reaching $1.07 billion in July. It was the first time the sector had recorded monthly exports of more than $1 billion in both July and August.

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SEAPORT PROFITS SURGE AS TRADE GROWTH SUPPORTS POSITIVE SECOND-HALF OUTLOOK

Listed seaport operators posted strong earnings growth in the first half of 2026, supported by expanding import-export activity, higher cargo volumes and improved operating efficiency, while the year-end peak season is expected to provide further room for growth. Gemadept Corporation recorded consolidated revenue of VNĐ3.12 trillion (US$120 million) in the first six months, up 16 per cent year-on-year, while net profit surged 71 per cent to VNĐ1.94 trillion.

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SERVICE SEGMENT BECOMES KEY SUSTAINABLE PROFIT SOURCE FOR BANKS

Instead of just racing for expansion, banks have been focusing more on service ecosystems to make them a key pillar for more sustainable profitability, according to recently released data. Financial statements from the first half of 2026 released by 28 banks revealed impressive results, with total net fee and commission income of the banks surging by 50 per cent year-on-year to nearly VNĐ52.63 trillion (US$1.99 billion) in the first half of this year.

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HÀ NỘI PROMOTES FINANCIAL INCLUSION ECOSYSTEM

The Hà Nội People's Committee has issued an action plan to ensure that all its citizens and businesses, particularly priority groups, have equal and comprehensive access to basic financial products and services. Plan 323/KH-UBND aims to carry out the National Financial Inclusion Strategy within the city through 2030.

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VIỆT NAM'S ECONOMY EXPECTED TO GROW 11% IN 2027

International press agencies have published positive and optimistic assessments of Việt Nam’s economic performance, highlighting its strong growth momentum, stable macroeconomic fundamentals and long-term development prospects. AFP reported that Việt Nam’s economy grew 8.4 per cent year-on-year in the second quarter of 2026, exceeding the previous forecast of 7 per cent.

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HÀ NỘI RESHAPES INDUSTRIAL SPACE AROUND INNOVATION, TECHNOLOGY

Hà Nội is reshaping its industrial landscape around science, technology and innovation, with the city’s 100-year master plan envisioning high-tech parks as centres for research, development and commercialisation while transforming existing industrial parks into greener, smarter and more circular ecosystems. The shift comes as the capital city targets average gross regional domestic product (GRDP) growth of more than 11 per cent annually from 2026 to 2035, with the digital economy expected to account for about 50 per cent of GRDP by 2035.

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