Vingroup’s founder and chairman Phạm Nhật Vượng becomes the first Vietnamese person to have a fortune of US$9 billion, according to the latest Forbes update on May 8.

Oil and gas cooperation between the two countries has developed well, with great-value contracts signed between their oil and gas corporations

Việt Nam’s retail fuel prices were reduced for the second consecutive time from 3pm on May 8, under an urgent directive issued on the same day by the Ministry of Industry and Trade (MoIT).

The State has issued policies to support and regulate, banks are providing green credit, scientists are transferring technology, businesses are investing in raw material zones and product distribution and farmers are adapting to modern agricultural practices.

According to the General Statistics Office, domestic manufacturers produced an estimated 286,100 new motorcycles in April, a 21.6 per cent increase from March and a 10.4 per cent rise compared to April 2024.

At the close of trading on the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose 19.43 points, or 1.55 per cent, to 1,269.8 points.

City officials reported at the press conference that the local tourism industry earned a revenue of VNĐ3.65 trillion (US$140.5 million) during the first three months of 2025.

The decision marks a pivotal moment for both Vinpearl and its parent company, Vingroup, as they enhance their market presence.

The event is expected to welcome over 12,000 visitors.

Australia will soon carry out final verifications with Vietnamese authorities to ensure compliance capacity.

Australia will soon carry out final verifications with Vietnamese authorities to ensure compliance capacity.

Large Vietnamese firms plan to ramp up meetings with US partners by June to push forward contracts under earlier agreements and MOUs.

Vietnamese firms invested US$309.3 million abroad in the first four months of 2025, nearly triple last year’s figure, the General Statistics Office reported.

The Mekong Delta province of Trà Vinh has seen the first official shipment to the US of locally produced 5-star OCOP-rated organic coconut sugar weighing more than 7 tonnes.

The northern province of Bắc Giang now has an International Logistics Centre, launched recently by the Bắc Giang International Logistics Co, Ltd at Song Khê ward of Bắc Giang city.

The three-day event showcases cutting-edge technology and equipment in the paper and packaging sector, while serving as a key platform for international trade connections.

Private enterprises can become pioneers and reshape the economy if Việt Nam builds the right ecosystem and supports tech-driven growth, says expert Phí Vĩnh Tường.

The draft law is expected to be discussed and approved during the ongoing session of the 15th National Assembly.

Key measures also involve expediting critical power generation and transmission projects, optimising resource mobilisation, encouraging electricity savings and reducing peak-time consumption.

Việt Nam needs investment in research and development (R&D) and high-quality human resources for the journey of technological development and increasing competitiveness.