Business

British investors have proposed an 18-billion-USD deep-sea port and eco-industrial urban complex in the northern province of Quang Ninh as local authorities reaffirmed their commitment to facilitating strategic, high-value investment projects.

The Civil Aviation Authority of Viet Nam (CAAV) and the Directorate General of Civil Aviation (DGCA) of Türkiye signed a Memorandum of Understanding (MoU) on civil aviation cooperation at a ceremony held at CAAV headquarters in Ha Noi on August 6.

Retail prices of all major fuel products were adjusted from 3pm on August 6, lowering gasoline and fuel oil prices while raising diesel prices, according to a joint decision by the Ministry of Industry and Trade, and the Ministry of Finance.

Viet Nam’s benchmark VN-Index fell by 0.66% to 1,764.78 points on August 6.

With a network of 17 free trade agreements currently in effect, Viet Nam has a series of "highways" at its disposal connecting it to most of the world's economy. However, for exports to truly become the driving force for double-digit growth in this new development phase, the preferential treatment from new-generation FTAs ​​needs to be translated into real value.

The unpredictable fluctuations of the global economy, particularly the escalating military conflict between the US and Iran, have increased the risk of prolonged transport disruptions, driving up the costs of raw materials, fuel, and logistics. This has not only created significant pressure but has also eroded the profit margins of businesses, including those in the textile and garment industry.

Ho Chi Minh City attracted more than 6.8 billion USD in foreign direct investment (FDI) during the first half of 2026. By proactively directing high-quality investment towards strategic technology sectors and international finance, the city is taking a decisive step to strengthen its position as a regional innovation hub.

In recent years, Viet Nam’s wood industry has achieved remarkable growth, with export turnover rising steadily to reach 17.2 billion USD in 2025. Vietnamese timber and wood products are now exported to more than 140 countries and territories, establishing Viet Nam as a major wood-processing hub in the global supply chain, with key markets including the US, Japan, China, the European Union (EU), and the Republic of Korea.

The Dak Lak Durian Festival 2026 will not only be a cultural event but also a meaningful economic, trade and tourism occasion, providing an opportunity to showcase Dak Lak as a dynamic province with a rich cultural identity and strong potential in agriculture, tourism and international integration.

On the afternoon of August 5, as part of the ceremony announcing the Bac Ninh Urban Master Plan to 2050, with a Vision to 2075, and the decision recognising the province as meeting the criteria for a Class I urban area, Bac Ninh Province presented investment policy approval decisions, investor approval decisions and Investment Registration Certificates for 48 key projects across the province.

At present, Viet Nam has nearly 90 shipbuilding enterprises and more than 400 inland watercraft builders, with a combined annual design capacity of around 3.5 million deadweight tonnes (DWT). Although the shipyards under the Shipbuilding Industry Corporation (SBIC) are undergoing bankruptcy proceedings, they have secured sufficient orders to ensure employment for their workforce until the end of 2028.

Lawmakers are scheduled to consider a range of important issues, including the investment policy for the Ring Road No. 5 – Ha Noi Capital Region project, during the first extraordinary session of the 16th National Assembly on August 6.

Establishing production linkages with cooperatives serving as the connecting hub is regarded as a key solution to promoting land consolidation, mobilising social resources, and making effective use of local labour, thereby fostering the sustainable development of the agricultural economy.

Viet Nam’s recruitment market remained broadly stable in the first half of 2026 compared with a year earlier, but employers increasingly prioritised strategic and business-critical roles to support growth, operational efficiency, digital transformation and stronger corporate governance, according to the latest report by recruitment and staffing solution provider Adecco Viet Nam.

Viet Nam’s benchmark VN-Index fell by 0.04% to 1,776.46 points on August 5.

The handover of the first batch of over 470 tonnes of rice produced in Cuba by Thai Binh Group to the Cuban side demonstrates the effectiveness of cooperation between enterprises from both nations in the high-tech agricultural sector, contributing to the realisation of the policy to strengthen economic and investment cooperation and ensure food security between Viet Nam and Cuba.

As the state bodies responsible for national socio-economic development strategy, planning and monetary policy, the Party Committees of the State Bank of Viet Nam (SBV) and the Ministry of Finance (MOF) have in recent years focused on resolutely addressing institutional bottlenecks, reforming governance methods and making more effective use of social resources to support economic growth.

Viet Nam needs to shift from an export-driven foreign direct investment (FDI) attraction model to one that generates and retains greater value from foreign capital, with the Politburo's Resolution No. 10-NQ/TW marking a significant step in advancing the country's investment attraction strategy.

Global gold prices edged up to 4,055.4 USD per ounce on August 4 as inflationary pressure weakened and bargain-hunting demand increased. In the domestic market, SJC gold bars and rings fell sharply on the selling side, quoted at 140.5 million VND and 140 million VND per tael, respectively.

After 23 years of implementation and 14 editions, the Sao Vang Dat Viet (Viet Nam Golden Star) Awards have become one of the leading prestigious honours for the business community. The survey process is expected by the Viet Nam Young Entrepreneurs Association to systematise the value of the awards and record practical proposals from the business community.