Pham Nhat Minh Hoang, the second son of dollar billionaire Pham Nhat Vuong, has become CEO of a company specializing in trading and leasing electric vehicles (EVs) with charter capital of VND200 billion.

HCM City voters have proposed raising family allowances, or deductions for family circumstance, which have remained unchanged for more than 10 years, but the Ministry of Finance (MOF) says it cannot be done right now.

Expanding its industrial portfolio, Vinhomes, under billionaire Pham Nhat Vuong, has split its industrial real estate unit, signaling bold new ambitions.

Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s.

Kinh Bac City Development Corp., led by Dang Thanh Tam, reported significant Q3 gains, poised for potential collaboration with the Trump family on a $1.5 billion project.

With fruit and vegetable exports soaring by over 31.5% to reach US$6.4 billion during the initial 10 months of the year, Vietnamese fruit and vegetable businesses are anticipated to rake in US$7 billion this year.

The RoK’s annual cosmetics exports to Vietnam in 2023 increased by 122% compared to 2019, reflecting an average annual growth rate of 22.14%.

The State Securities Commission (SSC) held a working session with representatives from FTSE Russell and Morgan Stanley in Hanoi on November 4 to examine the upgrade of the Vietnamese stock market.

Monthly aquatic exports have exceeded 1 billion USD again in October after more than two years, signaling a rosy future for the industry, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities.

Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.

The Vietnam Business Association in Belgium (VBAB) was officially set up on November 3, marking a milestone in the economic relations between the two countries.

A new electricity pricing system, balancing capacity and energy use, could take effect in Vietnam from 2025, marking a significant shift in how power costs are structured.

Vietnam's tax authorities are intensifying their oversight of e-commerce platforms, including the recently popular cross-border platform, Temu.

The Ministry of Finance has said it is not the right time to adjust the family tax deduction rate, reasoning that the Consumer Price Index has not fluctuated significantly.

The EU spent nearly US$3.1 billion on importing garments and textiles from Vietnamese suppliers during the initial nine months of the year, up nearly 10% against the same period last year, according to the General Department of Vietnam Customs.

By promoting the use of green materials and technologies in production, Vietnam will win the world food and beverage market which is switching to the green consumption trend, according to experts.

Vietnam sold 800,000 tonnes of rice overseas for $505 million in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.