Việt Nam News

The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank, stock code: HDB) has announced an ambitious pre-tax profit target of more than VNĐ21 trillion (US$803.8 million) for 2025, a 27 per cent increase from the previous year, at its annual general meeting on Thursday.

To support the Government's economic growth target of eight per cent or more in 2025, more than 20 commercial banks in Việt Nam have implemented the request to reduce deposit interest rates in parallel with launching many low-interest credit packages.

The law would also bring Việt Nam in line with global trends. Over 140 countries have already enacted legislation to protect personal data, including India, Thailand and Malaysia.

Amid the new US tariff policy, many Vietnamese businesses believe that, in addition to direct difficulties in tax rates, indirect difficulties will arise in terms of regulations on quality and traceability.

“The SBV also needs to effectively use management tools to appropriately regulate foreign exchange rates and interest rates with an aim to meet capital needs for the economy and maintain stability in the monetary, foreign exchange and gold markets, besides ensuring the safety of the credit institution system,” the PM noted.

Solid performance in 2024 enabled PVI to approve a 31.5 per cent cash dividend—its third-highest ever and the tenth year in a row above 20 per cent.

A new VinFast factory will be built in India and one will go into operation in Indonesia later this year.

According to Boeing’s latest Commercial Market Outlook (CMO), Southeast Asia is the fastest-growing aviation region in the world and Việt Nam is leading the way with an annual growth rate of more than eight per cent—higher than any other country in the region.

At the close, the VN-Index rose by 12.35 points, or 1.02 per cent, to 1,223.35 points. Market breadth remained positive, with 200 gainers outpacing 102 decliners.

The project, located in Tân Phú Trung Industrial Park, Củ Chi District, HCM City, is set to become a mega-scale data centre, ranked among the top 10 in Southeast Asia.

The two sides will work together to develop a value chain for Vietnamese oysters that meets Japanese standards, targeting both domestic and export markets.

Prime Minister Phạm Minh Chính sent a dispatch to three ministries and energy groups, urging them to ensure there is enough electricity for the peak months of the year.

The total sales of the e-commerce market in the first quarter of the year reached US$3.9 billion, a 42.3 per cent increase compared to the same period in 2024.

Bidders must have a minimum equity capital of VNĐ8.26 trillion and the ability to mobilise loans of up to nearly VNĐ55.07 trillion. 

Saigon Beer-Alcohol-Beverage Corporation (SABECO) posted a 5.6 per cent increase in after-tax profit in 2024, reaching nearly VNĐ4.49 trillion, with revenue growing by 4.6 per cent to VNĐ31.8 trillion.

With many of its traditional markets being rundown, consumer preferences evolving and competition from modern retail formats increasing, HCM City is trying to modernise and revitalise them, according to its Department of Industry and Trade.

18 regional Export-Import Management Offices under the MoIT are to handle the issuance of non-preferential Certificates of Origin (C/O), non-manipulation certificates (CNM), and REX code registration.

Many companies in the sector have reduced production by 20-30 per cent, leading to workforce cuts and lower incomes. Some businesses, despite having annual budgets in the billions of đồng, have been forced to close their doors.