The Department of Urban Development has advised leaders of the MoC to issue a plan to draft a circular, and to coordinate with a group of experts to support the development of a set of indicators to assess the resilience of urban areas to climate change.

The department and a team of experts reviewed the Party's policies and guidelines; several legal documents and standards in climate change response and resilience; and international experiences.

Vien explained that the resilience assessment criteria comprise five groups covering urban development management policies, key urban infrastructure, ecological environment, social capacity, and economic and financial capacity.

Deputy Minister of Construction Nguyen Tuong Van chaired the meeting. Photo: the MoC

The evaluation criteria ensure alignment with international trends, suitability to the realities of Vietnam, regional conditions, and urban types. The assessment of urban resilience to climate change is categorised into weak, medium, fair, and good levels.

Local people's committees organise the assessment for Type I, Type II, and Type III urban areas subject to assessment within their jurisdiction. The MoC publishes the assessment results of these urban areas on the ministry's database information system.

At a meeting to discuss the development of the draft circular on April 10, Deputy Minister of Construction Nguyen Tuong Van asked the drafting unit and research team to thoroughly review the current system of legal regulations, clarify the legal basis, and ensure that the implementation roadmap is consistent with reality.

The criteria should be developed based on the actual characteristics of Vietnam's urban system, with similarity with other relevant indicator sets.

The assessment content must focus in depth on the practical conditions of various types of natural disasters in Vietnam, such as flooding and landslides, tailored to each type of urban area and regional characteristics.

The deputy minister also requested the drafting unit to study the feasibility of piloting in several localities, from the plains and mountainous areas to coastal regions, to ensure the feasibility and effectiveness of the circular when put into practice.

Urban areas contribute more than 70 per cent of GDP and 90 per cent of new non-agricultural jobs in Vietnam, but are also the most vulnerable areas to natural disasters. Each year, the damage caused by climate risks is estimated at up to $3.75 billion. From the experience of climate-resilient urban projects in Can Tho, flooding time has been reduced by 60 per cent thanks to the application of climate-smart infrastructure.

According to experts, developing climate-resilient urban areas is an urgent and long-term task, requiring synchronous coordination between policies, finance, planning and science and technology. Putting people at the centre, strengthening governance, ensuring social equity and promoting international cooperation will be the foundation for creating safer, greener and more liveable Vietnamese cities in the future.

Takeda supports health resilience amid climate change challenges With world leaders having gathered at COP30 in Brazil in November, health was one of the central themes in the global climate dialogue.

Swedfund invests in MSME growth and climate action in Vietnam Swedfund announced on December 18 an investment in Vietnamese EVF General Finance JSC (EVF) through a loan of up to $20 million.

Australia contributing to Vietnam’s climate change responses Australia is balancing innovation, digital transformation, and economic development while ensuring green growth. Australian Ambassador to Vietnam GILLIAN BIRD talked to DUC HANH about the efforts of the Australian government in supporting Vietnam to implement sustainable development in key industries.

Insurance protection for climate-resilient progress The World Bank has estimated that about $300 billion of the country’s commercial and industrial assets are vulnerable to climate-related disasters. Patrick Lenain, senior associate at the Council on Economic Policies, looks at the gaps in insurance protection and how solutions for such gaps can be crafted.

On April 10, Khanh Hoa People's Committee and the Trung Nam–Sideros River investor consortium signed the contract to implement the Ca Na Liquefied Natural Gas (LNG) power plant. The project aims to supplement energy supply, ensure national energy security, and meet growth requirements.

The plant is designed to use the combined-cycle gas turbine technology with a capacity of 1,500 MW. It is expected to supply around 9 billion kWh per year to the national grid.

It will also feature an LNG storage and regasification system with a capacity of 1 to 1.2 million tonnes per year and a storage tank of 220,000 cubic metres. Other facilities include an LNG import terminal, a 2,400m-long eastern breakwater, and supporting infrastructure.

The site covers nearly 140 hectares of land and water surface, with total capital estimated at over VND57 trillion ($2.2 billion). The venture is scheduled to be completed and operational by 2030.

Trinh Minh Hoang, Vice Chairman of Khanh Hoa People’s Committee, said, “This is a key venture in the energy sector. Once operational, it is expected to make a significant contribution to the local budget while creating employment and shifting the economic structure towards industry and energy.”

At the event, Ca Na Port and Vietnam Development Bank signed a credit contract for phase one of the port project, with maximum mobilised capital of VND3 trillion (approximately $114 million) and a commitment to full disbursement by July 2027.

The port is planned as a deepwater facility capable of receiving vessels of 300,000 to 500,000 tonnes. It also aims to develop a multimodal logistics system and a transshipment centre serving import and export activities, particularly for energy sectors including wind power, offshore wind power, and super-long and super-heavy cargo.

Nguyen Tam Thinh, chairman of Trungnam Group, said, "By implementing these two ventures, we are committed to accompanying Khanh Hoa province in establishing an infrastructure chain of port, terminal, LNG power plant, and a green industrial park in the near future."

Trung Nam-Sideros River consortium wins bid for LNG venture A consortium between Trung Nam Group and Sideros River has won the bid for the Ca Na liquefied natural gas (LNG) power plant venture, with a total investment of $2.2 billion.

Novatek eyes expanded LNG cooperation in Vietnam As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.

PV GAS increases capacity of Thi Vai LNG terminal Petrovietnam Gas (PV GAS) on April 7 announced that its logistics subsidiary has successfully completed a trial run to increase regasification capacity of its Thi Vai liquefied natural gas (LNG) terminal.

At the company's AGM in Ho Chi Minh City on April 13, Binh Son Refining and Petrochemical JSC (BSR) general director Nguyen Viet Thang said an emergency plan had been activated since the conflict began.

"We have formulated several scenarios ranging from some weeks to half a year based on market developments," said Thang. "The company closely follows the scenarios and ensures crude oil supply to operate at high capacity until early July."

"With the support of Petrovietnam, the company has purchased all crude oil produced locally for its Dung Quat refinery. The volume is sufficient to run the refinery at 90 per cent of its designed capacity," he said, adding that BSR has just signed long-term agreements with many partners from the United States and West Africa in a bid to increase crude oil supply.

Geopolitical tensions in the Middle East since late February have negatively impacted global energy security in 2026. However, BSR has implemented flexible solutions and achieved strong business results.

By the end of the first quarter of 2026, BSR had recorded a production output of 2.03 million tonnes, revenue of VND41.28 trillion ($1.59 billion), state budget contribution of VND3.81 trillion ($146.54 million), and after-tax profit of VND3.35 trillion ($128.85 million).

For the remainder of 2026, despite continued market volatility, BSR is targeting at least 10 per cent revenue growth, with full-year goals of approximately 7.76 million tonnes in production output, 7.71 million tonnes in sales volume, consolidated revenue of VND154.14 trillion ($5.93 billion), after-tax profit of VND2.16 trillion ($83.1 million), and state budget contribution of VND12.6 trillion ($484.62 million).

To achieve its targets, BSR has identified several key priorities for 2026 and beyond. The company will continue to ensure the safe, stable, and efficient operation of Dung Quat Refinery to maintain a reliable petroleum supply for the domestic market. At the same time, BSR will further optimise production and business performance through cost management, improved operational efficiency, and technological innovation.

Investment activities – particularly the Dung Quat Refinery Upgrade and Expansion project – will remain a priority to enhance long-term competitiveness. In parallel, BSR will continue to improve its corporate governance system in line with modern standards, strengthen risk management, and enhance internal coordination efficiency.

One of BSR’s key strategic directions in the coming period is to advance green transition and sustainable development. The company aims to gradually reduce greenhouse gas emissions, improve energy efficiency, and develop environmentally friendly products. Environmental, social, and governance factors will also be integrated into production, business, and investment activities – serving both as a requirement and an opportunity to enhance competitiveness.

Site clearance work launched for Dung Quat refinery upgrade Binh Son Refining and Petrochemical JSC and Petrovietnam Construction JSC held a ground-breaking ceremony on February 2 as part of the site clearance package for the Dung Quat refinery expansion in Quang Ngai province.

US firms deepen energy engagement with Vietnam US companies are stepping up engagement with Vietnam's energy sector, underscoring growing bilateral cooperation across energy security, clean energy development and long-term sustainable growth.

Fuel imports rise in first quarter amid global market volatility Vietnam has ramped up fuel imports in the first quarter of the year amid global energy market volatility due to the tensions in the Middle East.

While the brokerage segment has grown, competition – particularly among mid-tier securities firms – has intensified. Data from the Ho Chi Minh City Stock Exchange (HSX), Hanoi Stock Exchange (HNX), and the Unlisted Public Company Market (UPCoM) show that the top three firms retained their rankings, though notable shifts occurred among those trailing behind.

Accordingly, VPS Securities maintained its top position across all three exchanges. Its market share on HSX edged down to 15.3 per cent, but improved significantly on HNX and UPCoM compared with the Q4 of 2025. On HSX, SSI Securities and Techcom Securities remained firmly in the top three.

In the mid-tier group, Vietcap Securities climbed to fourth place with 7.35 per cent, narrowly surpassing Ho Chi Minh City Securities Corporation. Meanwhile, VCBS re-entered the rankings, replacing Mirae Asset Vietnam.

At FPT Securities, declining brokerage market share has pushed the firm out of the HSX top 10 since Q2 of 2025. Addressing shareholders at its AGM held on March 31 in Hanoi, the company leadership cited intensifying fee competition as a key factor behind falling brokerage revenue.

According to FPTS executives, as many securities firms simultaneously cut fees to attract and retain clients, the company has little choice but to follow suit to avoid losing market share. They acknowledged that maintaining higher fees might preserve short-term benefits but would erode long-term competitiveness and directly impact the client base. Where competition once centred primarily on fee cuts, the race has now entered a more complex phase, with advantages increasingly driven by capital, technology, and integrated service ecosystems.

Vietcap Securities stands out as one of the firms posting the most impressive brokerage market share gains in Q1. Analysts note that advisory activities have also contributed to improved brokerage revenue. As early as Q1, the company booked advisory income from the initial public offering of Hoa Phat Agriculture.

Advisory operations are expected to continue growing, supported by new IPO deals. With a pipeline of deals valued at approximately $400–500 million, brokerage revenue is expected to benefit from this advisory-driven momentum. Spillover effects from other business pillars are also likely to persist.

At the end of 2025, Vietcap completed a private placement of 127.5 million shares, successfully raising more than $158 million. Under the plan, 80 per cent of the proceeds shall be allocated to margin lending, while 20 per cent will support proprietary trading. This strong capital base, aligned with the sharp rebound in market liquidity, has helped Vietcap deliver robust growth since the start of the year.

Speaking at the company's AGM on March 30, CEO Ton Minh Phuong estimated that the company's pre-tax profit in Q1 reached around $16 million, up more than 30 per cent on-year.

Recent developments also show that several securities firms have quickly established new positions after only a few years of transformation through mergers and acquisitions, with many firms now targeting entry into the top tier. For instance, after rapidly expanding its presence in derivatives brokerage, DNSE Securities entered the top 10 market share in the underlying equity segment on UPCoM for the first time in Q1.

At the company's AGM on March 26, chairman Nguyen Hoang Giang said he was confident DNSE would have greater opportunities to grow its equity brokerage market share. The expectation is underpinned by its ability to leverage technology infrastructure and the anticipated integration with VNeID, which could rapidly broaden its client base.

DNSE has been investing heavily in technology infrastructure, user experience, and expanding its customer base for derivatives as part of a strategic transition towards the underlying equity market.

Aside from DNSE Securities, many other securities firms are also accelerating investment in technology – from trading platforms and open APIs to applications of AI. These efforts are aimed at enhancing customer experience, increasing trading frequency, and ultimately expanding brokerage market share.

Securities firms race to raise capital ahead of market upgrade Securities firms are ramping up capital increases at an unprecedented pace, preparing for a potential market upgrade that could unlock massive foreign investment and reshape the financial landscape.

2025 profits mixed amid strong energy and farming results Corporate earnings in 2025 showed a sharp divergence, with energy and agriculture companies posting strong profit growth, while several firms in other sectors fell short of annual targets.

Securities firms step up tech race to capture market share Securities firms are accelerating technology investment – from AI-driven advisory to integrated digital platforms – transforming competition, strengthening system capacity, and positioning for rising liquidity and global market standards.

EraBlue operates stores of 150 to 350 square metres, small enough to enter dense residential neighbourhoods. Revenue per store is 1.5 to 2.6 times that of comparable Dien May Xanh outlets in Vietnam, with around 40 per cent of sales completed through instalment financing.

Source: Vietcap

Dien May Xanh, a key subsidiary of Mobile World Group, is one of Vietnam's leading electronics retailers, offering a wide range of appliances and digital products nationwide. PT Erajaya Swasembada Tbk is an Indonesian distributor and retailer of mobile devices and electronics, partnering with global brands and operating an extensive nationwide retail network.

Vietcap attributed the outperformance to Java’s population density of approximately 1,250 people per square kilometre, versus around 300 in Vietnam, which structurally supports higher foot traffic.

The chain’s ambitions are anchored in Indonesia’s underpenetrated market. The country’s combined ICT and consumer electronics market stands at $10.9 billion and is forecast by Statista to reach $20.4 billion by 2030 with no modern retailer currently holding nationwide coverage.

Existing chains such as Electronic City, with roughly 60 stores, and Hartono, with seven, operate large-format outlets of 1,000 to 4,000 sq.m inside shopping malls, effectively serving only the top 3 per cent of households by income.

Vietcap analysts drew a parallel between Indonesian consumer behaviour today and Vietnam's roughly 15 years ago, before Dien May Xanh accelerated market formalisation there.

In areas where the chain has operations for at least a year, offline consumer electronics market share has risen sharply, with long-term targets standing at around 50 per cent of the consumer electronics market and 10 to 20 per cent of the phone market in served areas.

The consumer electronics segment alone could expand to $4-8 billion, Vietcap said, as modern retail penetrates underserved residential areas and instalment-based purchasing grows.

An e-commerce channel is set to begin generating revenue from the second quarter of 2026, targeting 5 per cent of offline revenue, with the chain's expanding physical network serving as an omnichannel backbone.

Dien May Xanh, which holds a 45 per cent stake in the joint venture, has designated Erablue its fifth strategic growth pillar, projecting the venture's attributable net profit contribution at $13.6 million by 2030, or roughly 3 per cent of group net profit after tax.

Within the joint venture, Dien May Xanh leads store expansion and day-to-day operations, contributing its retail operating model, logistics design, service standards, KPI-based management culture and training systems.

Erajaya, which owns 55 per cent, provides the local platform, including real estate access, supplier relationships, legal execution and distribution infrastructure.

F88 partners with MB to transform over 850 financial stores into bank offices Military Commercial joint-stock bank (MB) and F88 signed a comprehensive cooperation agreement at MB's headquarters in Hanoi on December 16.

Meat samples from C.P. Vietnam stores test negative for disease following allegations The Ministry of Agriculture and Environment (MoAE) announced the results of pork inspections at the Fresh Shop chain of CP Vietnam Corporation in the Mekong Delta province of Soc Trang on June 2, after information spread and caused panic on social networks.

WinCommerce surpasses growth goals with rapid store rollout WinCommerce has posted strong revenue growth in the first two months of 2026, driven by store expansion and improved performance across its retail network.

On April 13, more than 100 representatives from central ministries, business associations, economists, financial and legal experts, commercial banks, and major corporations gathered for the event in Hanoi.

Opening the discussion, Nguyen Duc Hien, Deputy Head of the Party Central Committee's Commission for Policy and Strategy, revealed that a comprehensive proposal to reform Vietnam's development model – anchored in sci-tech and digital transformation – will be submitted to the Politburo at the upcoming Third Plenum of the Central Committee, scheduled for late June to early July.

He underscored the central role of the private sector in this transition. "The private economic sector is one of the most important growth drivers, contributing around half of GDP and generating a large share of employment," he noted. However, the sector remains fragmented, with more than one million registered enterprises – mostly small and medium-sized – alongside approximately five million household businesses.

Despite a clear policy ambition to build strong private conglomerates, progress has been slower than expected. "We have spent nearly three years trying to realise this goal, but tangible results remain limited," Hien added. A key mechanism – where the state commissions private enterprises to undertake major national strategic tasks – has been introduced but is being implemented slowly.

Nguyen Ngoc Canh, Deputy Governor of the State Bank of Vietnam

From the banking sector’s perspective, Nguyen Ngoc Canh, Deputy Governor of the State Bank of Vietnam, reflected on the transformative journey of the past four decades. “It is impossible to speak of doi moi without recognising the locomotive role of economic groups,” he said. Whether state-owned enterprises or private corporations, these entities have consistently formed the backbone of the economy.

They have contributed significantly to GDP and state budget revenues, while creating millions of jobs and delivering key national infrastructure and industrial projects. At the same time, they have helped elevate Vietnamese brands in manufacturing, services, and trade to the international stage, strengthening the country’s economic self-reliance.

The banking system, Canh explained, has evolved in tandem with this growth. “The continuous improvement of the legal framework governing monetary policy, credit, and banking operations has enabled credit institutions to channel substantial capital into the economy,” he said, highlighting the sector’s role in supporting production, business expansion, and overall economic growth.

By the end of 2025, total outstanding credit reached approximately VND18.6 quadrillion ($740 billion), up over 19 per cent on-year, equivalent to 144 per cent of GDP. Domestic enterprises accounted for roughly 48 per cent of total credit, while large corporations and state-owned groups comprised about 7 per cent. Banks have also accelerated the adoption of digital technologies, developing modern payment services that improve access to finance.

These achievements, he argued, demonstrate that the rapid development of Vietnam’s banking system is not just a source of financial resources for businesses but also a key driver of enterprise growth in its own right.

Providing a broader business perspective, Dau Anh Tuan, deputy secretary general of the Vietnam Chamber of Commerce and Industry, highlighted both the progress and the paradoxes of the private sector.

Vietnam now has over one million formally operating enterprises and around five million household businesses. The private sector contributes approximately half of GDP and generates the majority of jobs. Several private conglomerates have secured strong positions domestically and begun expanding regionally and globally. Resolution No.68-NQ/TW of the Politburo in 2025 identifies the private sector as “one of the most important drivers” and a “pioneering force” in the country’s industrialisation and modernisation.

Notable achievements are evident across sectors. In manufacturing, THACO has built a large automotive and mechanical production ecosystem, while VinFast has emerged as Vietnam’s first electric vehicle producer, listed on Nasdaq and expanding into international markets. Hoa Phat has grown into one of Southeast Asia’s leading steelmakers.

In technology, FPT has become a regional leader, investing heavily in digital transformation, AI, and semiconductors. In consumer goods, Vinamilk and Masan have built competitive regional brands. Meanwhile, Vingroup, Sun Group, and BRG Group have made large-scale investments in infrastructure and real estate, reshaping the economic landscape of multiple regions.

However, Tuan pointed to persistent structural challenges. "The private sector is large but not yet strong; dynamic but not yet deep; significant in contribution but still modest in global value chains," he observed. Nearly 97 per cent of private enterprises are small and medium-sized, many employing fewer than 10 workers – a limited scale that constrains investment in technology and innovation.

The sector also faces imbalances, with a large share of revenue concentrated in finance and real estate, while manufacturing remains underdeveloped. Linkages to global value chains have weakened, labour productivity lags that of state-owned and foreign-invested enterprises, and investment in research and development remains modest. Many firms continue to operate under family-based models with limited transparency and professional governance.

Le Khac Hiep, vice chairman of Vingroup, shared insights into the development of Vietnam’s automotive industry, a sector often seen as a litmus test for industrial capability.

According to Hiep, Vietnam’s auto industry was largely confined to assembly for many years, characterised by low localisation rates and heavy dependence on external supply chains. Domestic firms struggled to participate deeply due to constraints in technology, capital, and market scale. The industry remained structurally incomplete, with consumption demand but limited supporting industries to generate sustainable value.

The emergence of VinFast marked a significant turning point. Rather than following the traditional assembly path, the company invested from the outset in a highly automated manufacturing complex, encompassing research and development, stamping, welding, painting, engine production, and the gradual mastery of core technologies. This approach laid the foundation for a shift from “dependent manufacturing” to “self-reliant production.”

"More importantly, VinFast positioned itself not as a standalone entity but as a central node within a broader production network, connecting and leading a system of suppliers," said Hiep. "This strategy has begun to restructure Vietnam’s automotive industry towards a more integrated domestic value chain."

By 2025, the localisation rate for electric vehicles had reached approximately 60 per cent, with a target of 80 per cent once battery cell production is established domestically in 2026. Mastery of core technologies allows firms to better control value chains, reduce external dependence, and create opportunities for domestic enterprises to participate more deeply.

VinFast’s impact on supporting industries is particularly evident in improving market certainty. Through long-term, large-scale partnerships, VinFast has provided that assurance. With predictable orders, suppliers can confidently invest in machinery, upgrade technology, and expand production, conditions essential for building genuine industrial capacity.

At the same time, participation in VinFast’s global-oriented supply chain requires suppliers to upgrade technical standards, quality management, and sustainability practices. This process helps them meet VinFast’s requirements while enhancing their competitiveness in other international value chains.

Production hubs such as those in Haiphong and Ha Tinh have become new growth poles, attracting labour, capital, and infrastructure investment. On a broader scale, VinFast’s entry into global markets is bringing international standards into domestic supply chains, creating positive pressure for Vietnamese enterprises to upgrade and integrate more deeply into the global economy.

With an expanding market, a clear localisation strategy, and a leading role within its ecosystem, VinFast is contributing to the formation of deeper economic linkages, helping lay the groundwork for Vietnam to gradually position itself more firmly within global value chains.

The offering comprises a maximum of 1,750 bonds at a par value of $200,000 each, with an expected coupon of up to 5.75 per cent per annum and a five-year tenor from the date of issuance. The bonds are expected to be listed on the Vienna Stock Exchange in Austria and will not be offered or listed in Vietnam. Issuance is targeted for the second quarter, subject to market conditions and regulatory approvals.

A hospitality complex operated by Vinpearl. Photo: Vingroup

As of the end of 2025, Vingroup carried total debt of VND338 trillion ($13.3 billion), in which dollar-denominated debt accounted for 19.1 per cent of the total.

Net debt to earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at 2.7 times in 2025, up from 2.3 times in 2024. The EBITDA-to-interest-expense coverage ratio was 3.0 times in 2025, an increase from 2.9 times.

For 2026, Vingroup plans to achieve net revenue of $17.7 billion and net profit after tax of $984.3 million, representing an increase of 35.6 per cent and 125.9 per cent respectively compared to 2025.

VinFast – an electric vehicle manufacturer and a member unit of Vingroup – has set a target of 300,000 electric vehicle deliveries and approximately 1 million electric motorcycle units. The latter represents at least 2.5 times the volume recorded in 2025, with market expansion planned in the United States and Europe.

Real estate developer Vinhomes – a member of the Vingroup ecosystem – plans to drive strong net revenue growth through ongoing large-scale developments and new project launches in Ho Chi Minh City, Danang, and Quang Ninh.

Meanwhile, Vinpearl – a premium hospitality and resort brand within the Vingroup ecosystem – aims to grow revenue through higher room occupancy, expanded on-site services, accelerated meetings and events offerings, and the launch of the Tuyen Quang hospitality complex.

At the group level, Vingroup stated it intends to develop three new business pillars in infrastructure, green energy, and culture, alongside its existing real estate, industrials, and social enterprise segments.

Vingroup merges GSM and Green Future On February 28, Vingroup announced the merger between Green and Smart Mobility JSC and Green Future Trading and Services JSC.

Vingroup launches customer support program amid fuel cost increases The Vietnamese conglomerate introduced financial assistance initiatives for consumers facing higher transportation and energy expenses.

ACV and Vingroup tie up to advance green transition and airport development On March 23, Airports Corporation of Vietnam and Vingroup formally signed a comprehensive MoU to boost green transformation across Vietnam’s airport system through the deployment of clean energy solutions and sustainable mobility initiatives.

The loan agreement, signed last December, lays the foundation for expanded long-term financing to micro, small, and medium-sized enterprises (MSMEs), with a focus on rural areas. On April 13, the two sides held a closing ceremony to mark the successful completion of the Rural MSME Support Programme under Japan International Cooperation Agency's (JICA) Private Sector Investment Finance scheme.

The JICA loan amounts to $50 million. The loan is co-financed with the Asian Development Bank (ADB), which has committed funding of up to $120 million, alongside participation from commercial lenders. In addition, a portion of the ADB financing will be provided through the Canadian Climate and Nature Fund for the Private Sector in Asia, which was established within ADB by the government of Canada.

Under the project framework, the $50 million JICA loan will be channelled through BIDV, with $30 million allocated specifically to MSMEs in rural areas and $20 million designated more broadly.

The scheme will contribute to the UN's Sustainable Development Goals, including Goal 1 (No Poverty), Goal 2 (Zero Hunger), and Goal 17 (Partnerships for the Goals), by supporting rural livelihoods, enhancing financial inclusion, and strengthening international development cooperation.

During the ceremony, stakeholders expressed their expectations that the financing would improve access to finance for MSMEs, particularly those in the agricultural sector, a key domestic industry, thereby contributing to the expansion of agricultural production and increased incomes in Vietnam.

The ceremony marked an important milestone in the initiative and underscored JICA's continued commitment to partnering with Vietnamese financial institutions to support private sector development and long-term economic resilience, particularly in rural and underserved communities.

Vietnam pushes green transition with Japan’s $320 million ODA support On March 18, the Japan International Cooperation Agency Vietnam office and the Ministry of Finance co-organised a signing ceremony for a $320 million green loan programme.

JICA secures GCF funding for Vietnam forest conservation project A funding proposal submitted by the Japan International Cooperation Agency in collaboration with Vietnam has been approved by the Green Climate Fund.

Japan extends ¥50 billion loan for green transformation programme The Japan International Cooperation Agency (JICA) on March 30 signed a ¥50 billion loan agreement with Vietnam to provide official development assistance for its green transformation programme and climate change adaptation.

The 2026 Asia Consumer Study, released on April 13, shows that 70 per cent of Vietnamese consumers hold a positive outlook for the future – one of the highest levels in the region. Only 6 per cent expect their income to decline, the lowest in Asia. The optimism is underpinned by strong economic fundamentals, supported by robust GDP growth over the past year.

Over the next two years, 63 per cent of Vietnamese consumers plan to increase spending on food, while 51 per cent intend to spend more on clothing and 50 per cent on personal care products.

Around 73 per cent of respondents prioritise product quality and brand reputation over price, one of the highest proportions in Asia. This trend is particularly evident among younger, urban, and well-educated consumers.

Vietnamese consumers also show the strongest concern for environmental and sustainability standards in the region, with 58 per cent saying factors such as a brand’s carbon footprint influence their purchasing decisions.

The report highlights that Millennials and Gen Z in urban areas are driving this shift, favouring brands that demonstrate transparency, social responsibility, and a commitment to sustainable practices.

A similar pattern is seen in the luxury segment, where 71 per cent prioritise quality and brand reputation, while half consider sustainability an important factor in purchasing decisions.

Notably, only a small proportion of Vietnamese consumers are motivated by status signalling or peer influence. Just 4 per cent identify as status-driven, the lowest in Asia, while only 10 per cent say their purchasing decisions are influenced by others. Meanwhile, 34 per cent indicate a preference for traditional values and established norms.

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The visit forms part of the Landing Pad Vietnam Fintech and Regtech Immersion Programme 2026, aimed at connecting Australian solution providers with Vietnamese banks and financial institutions. The initiative builds on an MoU signed with the Vietnam Banks Association in 2025, underscoring Australia’s long-term commitment to Vietnam’s financial sector.

Running from April 14-16 in Ho Chi Minh City and Hanoi, the programme offers insights into Vietnam’s regulatory landscape, market opportunities, and banking trends, while showcasing Australian capabilities in fintech and regulatory tech.

A seminar in Ho Chi Minh City, held in collaboration with the Vietnam International Financial Center, focused on advancing the next phase of banking transformation and exploring international partnership opportunities. Key topics included cybersecurity, compliance, risk management, payment infrastructure, and digital assets.

Vietnam is emerging as one of the region’s most dynamic fintech markets, driven by rapid growth in digital payments and increasing adoption of mobile financial services and data-driven banking. Government initiatives, including regulatory sandboxes and plans for international financial centres, are reinforcing this trajectory.

Emma McDonald, senior trade and investment commissioner to Vietnam and Cambodia said, “The aim of this initiative is to facilitate in-market exchanges. We are confident this engagement will generate additional Australia-Vietnam commercial partnerships, contributing to a financial ecosystem that is resilient, trusted and globally connected, embedded with Vietnamese characteristics and Australian technology solutions.”

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Forum outlines pathways to accelerate green transition

On April 14, Nippon Express Vietnam became the first Japanese freight forwarder to obtain an air cargo container freight station (CFS) licence for Quang Minh Logistics Centre in Quang Minh Industrial Park in Hanoi.

Covering 1,000 square metres, the newly established CFS is fully equipped with high-rise racks, security cameras, and lockable secure areas. Air cargo loading and unloading, temporary storage of export-ready cargo, bonded transport procedures and other operations are carried out under in-house management, making cargo control more efficient and customers' logistic flows smoother.

Qualifying for the air cargo CFS licence required establishing a framework capable of performing the full spectrum of operations from air cargo consolidation and packing to bonded transport procedures, significantly enhancing the centre's logistics service capabilities.

With Vietnam enjoying rapid economic growth, congestion has become the norm at Noi Bai International Airport's cargo terminal due to expanding demand for air cargo transport. Against a backdrop of changes in the business environment and moves to optimise global supply chains, the acquisition of this CFS licence helps satisfy customer demands for a faster and more efficient logistics network.

The Quang Minh facility offers excellent access to the economic and commercial hub that is Hanoi, being situated a mere 15-minute drive from Noi Bai. Leveraging both Quang Minh Logistics Centre's strategic location and its CFS functions, Nippon can avoid cargo backlogs at the airport terminal and to ensure timely delivery in accordance with flight schedules. Such agile operations deliver significant convenience and a competitive edge in air cargo services.

Moving forward, Nippon in Vietnam will leverage its status as the only Japanese forwarder with an off-airport CFS facility in Hanoi to develop unique schemes that address region-specific logistics challenges. Pioneering initiatives will also be pursued in the Hanoi area to create new value for customers' supply chains.

Lotte Global Logistics inks MoU with Tan Long Group to enhance agriculture and food logistics Lotte Global Logistics and Tan Long Group signed an MoU on cooperation in agriculture and food logistics on March 23.

Delo Group, VIMC sign deal to develop Russia-Vietnam maritime transport Russia's Delo Group and Vietnam Maritime Corporation signed an MoU on the sidelines of the Vietnam-Russia Business Forum in Moscow on March 24.

Gemadept and CJ Logistics optimise strategic partnership for development On March 30, Gemadept and CJ Logistics agreed to implement a strategic optimisation of logistics and shipping operations to leverage the competitive advantages of both companies.

This is the largest syndicated loan ever recorded for a securities firm in Vietnam and marks the third consecutive year TCBS has set a new benchmark in accessing international capital markets.

The 2026 syndicated facility was arranged by a group of leading international financial institutions, including Cathay United Bank, CTBC Bank, Landesbank Baden-Württemberg, Mizuho Bank, and Taipei Fubon Commercial Bank. The lender base is notably diverse and one of the broadest among comparable transactions.

In addition to the mandated lead arrangers, underwriters and bookrunners, the transaction attracted participation from several international institutions participating in the unsecured facility to a Vietnamese securities firm for the first time.

The facility is funded by 26 institutions across multiple regions, including China, South Korea, Germany, Hong Kong, Singapore, the Middle East, India, Malaysia, and Taiwan. This broad participation underscores TCBS’s expanding credit profile beyond the region, and its ability to meet the stringent standards of global capital markets.

Earlier in February, TCBS also made a strong mark in international markets by signing a long-term convertible loan agreement worth $50 million with DEG, the development finance institution under German development bank KfW. This transaction is considered a landmark transaction, helping to unlock European capital flows into Vietnam’s securities and financial sector.

The proceeds from the $488 million syndicated loan, once disbursed, are expected to enhance TCBS’s margin lending capacity, supporting its sustained market leadership. The additional liquidity will enable the company to navigate market dynamics with greater agility.

Nguyen Tuan Cuong, deputy CEO of TCBS, said, “The successful execution of this syndicated loan is a strong endorsement from international financial institutions of TCBS’s financial strength, governance capabilities, and long-term strategic vision. Over the years, TCBS has established itself as a pioneer in applying technology to financial services, developing a diversified product ecosystem, and building a wealth-tech model in Vietnam. This transaction further reinforces our position as a trend-setting financial institution, not only domestically but increasingly on the international stage.”

The transaction also sets a new benchmark for Vietnamese securities firms in accessing international capital. As Vietnam is set to be upgraded to emerging market status by FTSE Russell in September, unlocking significant global investment inflows, TCBS’s proactive approach in securing large-scale international funding positions the firm ahead of the curve.

500 bond codes issued by TCBS have been paid in full and on time From the beginning of last year to March 2023, about VND113 trillion ($4.79 billion) of bonds and principal due, corresponding to nearly 500 bond codes issued by TCBS, have been paid in full and on time.

Securities profits surge to historic highs, leaving some behind Many securities firms posted record profits in the second quarter of 2025, fuelled by bullish market sentiment, rising liquidity, and a surge in foreign inflows, though some major players lagged the uptrend.

Southeast Asia’s fintech startups draw $839 million in funding Southeast Asia’s fintech startups collectively raised $839 million during the first nine months of 2025, reflecting a slowdown compared to previous years, according to the Southeast Asia FinTech Report released by Tracxn on October 16.

On April 14, Momentum Works released the fourth edition of its E-commerce in Southeast Asia report, offering an in-depth analysis of market size, competitive dynamics, and the structural shifts redefining e-commerce across the region.

The report pointed out that platform e-commerce GMV grew 22.8 per cent on-year in 2025, with Thailand and Malaysia leading at 51.8 per cent and 47.6 per cent on-year growth, respectively.

Vietnam, the Philippines, and Singapore all registered double-digit gains exceeding 20 per cent, while Indonesia remained the largest market (37 per cent share), though growth slowed to 2.2 per cent following Bukalapak’s exit and Tokopedia’s GMV rationalisation.

Southeast Asia is now effectively a three-player market. Shopee, Lazada, and TikTok Shop (including Tokopedia) collectively controlled 98.8 per cent of the region’s platform e-commerce market in 2025. Competition is intensifying at the top, while smaller and single-country players continue to exit or pivot away from marketplace models.

Content commerce is now core infrastructure as it generated an estimated $49.7 billion in GMV, accounting for 32 per cent of platform GMV. Led by TikTok Shop’s rapid rise and Shopee’s increasing investments, content is now a core driver of demand.

The report also estimated that non-platform channels (such as brand.com, multi-brand retailers, social platforms, etc.) contributed about $27.8 billion, bringing Southeast Asia’s total e-commerce GMV to $185.5 billion, with platforms accounting for 85 per cent of the total market.

Another finding is that e-commerce in Southeast Asia has not yet reached its true price floor. Despite intense competition, much of today’s affordability is still driven by subsidies, vouchers, and discounts funded by platforms, sellers, and brands, rather than structurally lower costs, the report noted.

Cross-border players also continue to expand their footprint in Southeast Asia by lowering friction and improving access to overseas supply. While regulations are tightening, larger and more committed players are better positioned to adapt and benefit.​​​​​

Vietnam emerges as Southeast Asia’s cross-border e-commerce hub Vietnam is rapidly emerging as a regional powerhouse in cross-border e-commerce, driven by strategic initiatives from global players and backed by supportive government policies.

Vietnam's retail market tops $269 billion in 2025 amid e-commerce boom Vietnam's retail market recorded a five-year high in revenue, reaching $269 billion in 2025, according to the Vietnam Domestic Market Report 2025 released by the Ministry of Industry and Trade.

Shopee and TikTok Shop account for 8 per cent of Vietnam’s retail market In 2025, transaction value on Shopee and TikTok Shop exceeded $16.3 billion, equivalent to nearly 8 per cent of Vietnam’s total retail market.

Terminal Investment Limited Holding, a member of Swiss shipping and logistics giant MSC, will contribute 46 per cent of the capital to the consortium. Meanwhile, VIMC and Saigon Port hold 36 per cent and 15 per cent, respectively.

Can Gio International Transshipment Port covers 571 hectares, with a total main berth length of 7.5 km. The venture has a designed capacity of 4.8 million. The port is designed with cargo throughput of 4.8 million TEUs by 2030 and 16.9 million TEUs by 2047. In the first phase, the port will feature 2-4 berths capable of handling vessels of up to 250,000 tonnes, with long-term expansion to 13 berths.

According to the requirements set by the municipal people's committee, investors are not permitted to transfer the venture within 10 years from the land allocation. They must disburse at least VND50 trillion ($1.92 billion) in the first 10 years and complete the venture within 20 years. The venture will operate for 50 years.

The investor selection marks a significant step forward in Vietnam’s strategy to upgrade its seaport system. Currently, the majority of Vietnam's international container cargo must be transshipped through regional hubs such as Singapore or Malaysia, leading to higher logistics costs and continued reliance on foreign infrastructure.

Once operational, Can Gio Port is expected to help Vietnam gradually gain greater autonomy in the global supply chain. The port is envisioned as a key gateway linking international shipping routes with the domestic logistics network, particularly in the Southeast region and the Mekong Delta.

Investment policy for Can Gio International Transshipment Port approved Can Gio International Transshipment Port will put Ho Chi Minh City at the forefront along one of the most important shipping routes in the Asia-Pacific region.

HCM City approves 9 billion-USD Can Gio coastal urban development project The Ho Chi Minh City People’s Committee has approved the planning for the Can Gio coastal urban area, which covers an area of 2,870 hectares and is projected to attract nearly 9 billion USD in private investment.

Can Gio coastal tourism area to span 1,357 hectares The Can Gio coastal tourism urban area project will cover 1,357 hectares of land built over an ocean area to be completed by 2031.

At the invitation of Prime Minister Le Minh Hung, Slovakian counterpart Robert Fico paid an official visit to Vietnam on April 12-14, during which both sides issued a joint statement on the establishment of a strategic partnership between Vietnam and Slovakia.

Recognising the growing geopolitical, economic and technological importance of the Indo-Pacific, the two sides acknowledged the value of a stronger partnership between Vietnam and Slovakia in support of regional connectivity, open international trade and a rules-based international order.

Building on 75 years of bilateral relations, the prime ministers agreed to adopt the joint statement on upgrading relations. The strategic partnership aims to elevate bilateral relations to a new level, strengthen existing cooperation mechanisms, and explore new avenues for deepening cooperation, both bilaterally and multilaterally.

According to the joint statement, the two sides identified economic, trade, and investment cooperation as one of the key pillars of bilateral relations. Based on existing bilateral and multilateral economic agreements and the complementary nature of the two economies, the two sides agreed to further deepen economic, trade and investment cooperation, while ensuring an open, fair, transparent, equitable and non-discriminatory business environment in each other's markets.

Both sides reaffirmed their commitment to enhancing the role and effectiveness of the Vietnam–Slovakia Intergovernmental Committee on Economic Cooperation, co-chaired by the Ministry of Industry and Trade of Vietnam and the Ministry of Economy of Slovakia, as a key mechanism for identifying and promoting areas of cooperation and discussing sectors with significant potential for further development.

The two sides also agreed to encourage the establishment of specialised subcommittees under the Intergovernmental Committee to review and assess the implementation of existing agreements and to propose measures to boost trade and investment, with a view to contributing to a more balanced bilateral trade relationship and further strengthening economic cooperation.

Collaborative efforts will also be made to facilitate private investment in each other's markets. This is achieved through relevant activities in both countries and strengthening cooperation in areas of mutual interest, taking into account the respective strengths and needs of both sides, including the automotive industry, electronics, transport, energy, including nuclear energy, green technologies, pharmaceuticals, mechanical engineering, specialised machinery, science and technology, digital transformation, and AI.

Moreover, Vietnam and Slovakia emphasised the importance of an open, fair and transparent trade and investment environment based on international law and rules, and of maximising cooperation opportunities within the broader framework of Vietnam–EU relations.

They reiterated their support for the full and effective implementation of the EU–Vietnam Free Trade Agreement and acknowledged the importance of advancing the ratification of the EU–Vietnam Investment Protection Agreement, with a view to strengthening legal certainty and fostering a predictable and transparent business environment.

The two sides also expressed their readiness to further strengthen economic cooperation and promote stronger trade and business links with partners in the EU and ASEAN, while promoting sustainable fishery trade in compliance with international standards.

Under the strategic partnership, Vietnam and Slovakia also pledge to strengthen political and diplomatic cooperation and defence and security cooperation. This is coupled with boosting practical partnerships in science and technology, education, culture, tourism, labour, agriculture, climate, and healthcare.

Greece seeks to expand economic cooperation with Vietnam Greece is looking to deepen its economic ties with Vietnam by boosting cooperation in key sectors such as transportation, logistics, and agricultural exports.

European Commissioner Síkela to visit Vietnam From March 23 to 25, European Commissioner for International Partnerships Jozef Síkela will visit Hanoi to look at EU investments in Vietnam to create jobs under the Global Gateway.

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.

The report paints a notable picture of the sector: while leading banks have retained their positions, many recorded declines in overall branding, reflecting increased expectations and narrowing differentiation.

In the 2025 rankings, Vietcombank retained the top position for a fourth consecutive year, underlining its strong brand foundation and high level of market trust. MB Bank climbed to second place, highlighting the effectiveness of its technology-driven and digital experience strategy. BIDV, Techcombank, and VietinBank rounded out the top five.

Further down, TPBank moved up from ninth to sixth, while Sacombank and ACB stayed within the top 10.

Compared with 2024, several banks saw notable ranking declines: Techcombank dropped two places, ACB fell from sixth to eighth, and VPBank slipped from eighth to ninth. More broadly, brand health scores across the sector were significantly lower than in the previous year. Vietcombank scored 35 points (down from 42), while BIDV posted 33 points (from 36).

The findings suggest that brand strength is no longer primarily driven by awareness or scale, but increasingly by the ability to translate technology into tangible customer experiences and clearly perceived value.

Brand Image Index

One of the most striking shifts in the 2025 report comes from the Brand Image index. VIB surged from outside the top 10 in 2024 to lead the industry in 2025, with a 32 per cent vote share, indicating a stronger imprint in customers’ minds. VPBank also recorded sharp growth, rising from 10th place with 9 per cent in 2024 to the top 4, with 26 per cent.

After being absent from the top 10 last year, HDBank returned to seventh place, reflecting the impact of more consistent and recognisable brand-building efforts.

In terms of brand awareness and consideration, Agribank stood out by reaching third in awareness and second in consideration, while also re-entering the overall top 10.

For the Brand Love Index, TPBank delivered one of the most notable performances. From being unranked in 2024, it jumped into the top 5 in 2025, rising nine places.

Brand Love Index

Outside the top 10, OCB maintained solid momentum, with a score of 17.6, placing it among the top 15 strongest banking brands in Vietnam. The bank held stable positions across key metrics, including familiarity, value for money, perceived quality, brand love, recommendation, and willingness to pay premium. Notably, OCB climbed five places in brand love.

Among the leading banks, the report also highlighted distinct brand strengths. Vietcombank continued to perform strongly across multiple indicators, from top-of-mind awareness to perceived quality and brand affinity. MB gained traction through its digitalisation strategy and diversified ecosystem, leading among primary banking users. BIDV, meanwhile, was recognised as having the most effective communications in 2025, with 76.8 per cent of customers expressing positive impressions of its advertising.

The Vietnam Banking Brand Health Report research is carried out independently, with no external interference, based on more than 2,000 consumer interviews across the country and historical data accumulated since 2017. The report evaluates brand health across the full customer journey, from initial touchpoints and awareness to usage experience and long-term engagement.

Banks expand financial ecosystems to unlock new growth drivers

Banks ramp up plans to establish VIFC subsidiaries

Banks brace for major leadership reshuffle amid strategic reset

Banks take cautious 2026 profit stance amid rising risks

How do you assess the business landscape in the first quarter of 2026?

Assessing the health of businesses based solely on indicators such as revenue or profit is insufficient; a more comprehensive view is needed, one that captures their resilience and adaptability to fluctuations in the business environment.

Based on statistical monitoring, several factors clearly reflect business health. Notably, in Q1 of this year, while the number of enterprises temporarily suspending operations for a fixed period rose by only 3.3 per cent, the number of businesses ceasing operations pending dissolution procedures increased by 45 per cent, and the number of dissolved enterprises surged by as much as 99 per cent.

Another point of concern is that nearly 40 per cent of firms in the wholesale and retail sector are facing difficulties. This indicates that the sector is being strongly affected by shifts in trade patterns, changing consumption trends, intensifying competition, and relatively weak domestic demand.

On the positive side, however, the number of newly established businesses and those resuming operations reached approximately 96,000, up 31.7 per cent. This reflects the dynamic movement and natural selection process of the economy, while also demonstrating the ability of businesses to adapt to rapidly changing market conditions.

Overall, the current picture of business health is a mix of challenges and opportunities. While difficulties remain predominant, the foundations for recovery are still being maintained.

How would you evaluate the current health of businesses generally?

The Index of Industrial Production (IIP), which measures changes in the volume of industrial output, rose by 9 per cent in the first quarter. This is not a low figure compared to recent quarters (which ranged from 9.3 per cent to 9.9 per cent), and is even higher than the same period in 2025, when the IIP increased by only 8.3 per cent. A 9 per cent growth rate indicates that industrial expansion in Q1 remains quite solid.

However, from another perspective, certain unfavourable factors have emerged. First, on a monthly trend basis, due to the impact of tensions in the Middle East, the IIP growth in March slowed compared to the first two months of the year.

This trend is consistent with Vietnam’s Purchasing Managers’ Index, which has hovered around the 50 threshold in recent months, suggesting that industrial production remains in expansion territory but not strongly and shows signs of slowing.

Despite some degree of optimism, it must be acknowledged that the outlook remains fraught with challenges and risks, including rising global and domestic oil prices, increasing logistics costs, a recovery in export markets that is not yet firmly established, a still-high number of businesses exiting the market, and persistent input cost pressures.

As such, industrial growth in the coming quarters may remain volatile and will depend heavily on export markets, investment flows, and domestic policies supporting production and business activities.

Manufacturing and processing is the engine of the economy and heavily dependent on exports. How are businesses in this sector performing as exports face difficulties due to disruptions in the Strait of Hormuz?

According to survey results on production and business trends in the manufacturing and processing sector, the biggest challenge at present remains weak market demand.

Specifically, as many as 45.6 per cent of firms reported difficulties due to low demand. This clearly reflects the reality that both domestic and international markets are recovering slowly, while purchasing power remains subdued.

In addition, competitive pressure is a major challenge. Nearly 49 per cent of businesses indicated that they are facing intense competition. With demand yet to recover strongly and the number of enterprises remaining large, competition in terms of price, quality, and market share has become increasingly fierce.

Another difficulty lies in rising input costs, particularly for energy, logistics, and raw materials. These factors are influenced by global geopolitical fluctuations, including tensions in the Middle East that have driven up transportation costs and global energy prices.

Survey data show that about 27.3 per cent of manufacturing firms are affected by shortages of raw materials and rising input costs – an increase of 7.5 percentage points compared to the previous quarter.

This is a notable rise, indicating that cost pressures have yet to ease. Export activities, inevitably, have also been negatively impacted by the conflict involving the United States, Israel, and Iran, with as many as 28.6 per cent of businesses reporting difficulties due to weak global demand.

What solutions are needed to support manufacturing and processing businesses in recovering and growing under current conditions?

Vietnam has formed a new government, and the new administration will continue to focus on directing and managing efforts to achieve a GDP growth target of 10 per cent or more going forward, while maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances with strong determination.

In the immediate term, the government’s key priority is to stabilise the macroeconomy, keep inflation under control, and maintain stable interest rates in order to ease financial cost pressures on businesses.

Domestic demand remains weak, while exports are likely to be negatively affected as consumers both at home and globally adopt more frugal spending habits.

Therefore, to achieve such high growth, it is essential to accelerate the disbursement of public investment, particularly in large-scale infrastructure projects, in order to create jobs and stimulate relevant sectors such as construction materials and mechanical engineering.

In addition, it is necessary to swiftly update construction material prices to accurately reflect market fluctuations, thereby enabling businesses to adjust costs appropriately; remove obstructions in administrative procedures, land access, and site clearance to expedite project implementation and improve corporate cash flows; and continue implementing support policies such as reducing logistics costs, encouraging digital transformation, and enhancing competitiveness.

New regulatory approach to boost transparency for businesses Vietnam is shifting its focus from rule-making to rule-quality, adopting Good Regulatory Practices and impact assessment to create more transparent, predictable, and internationally aligned regulations.

Businesses develop strategies to penetrate Halal market Vietnamese businesses need to prepare across multiple fronts to enhance their competitiveness and successfully penetrate the Middle Eastern market, according to experts at a seminar on April 3.

Eco-industrial parks offer solution for foreign-led businesses amidst global volatility Against the backdrop of evolving global geopolitical shifts and stricter ESG standards, the eco-industrial park model is emerging as a pivotal solution for foreign companies to ensure self-reliance and maintain their position in the global supply chain.

The issuer is solely responsible for the content of this announcement.

The issuer is solely responsible for the content of this announcement.

For more information, visit www.isca.org.sg and www.lawsociety.org.sg

The issuer is solely responsible for the content of this announcement.

The issuer is solely responsible for the content of this announcement.

The issuer is solely responsible for the content of this announcement.

The issuer is solely responsible for the content of this announcement.

“We are urgently working to clarify issues as directed by the MoC regarding the application of a domestic aviation fuel surcharge mechanism, to promptly remove difficulties for airlines,” said CAAV director-general Uong Viet Dung last week.

The MoC has requested the CAAV to further study, supplement, and clarify the legal basis, decision-making authority, and methodology for determining the fuel surcharge. At the same time, it has called for an assessment of the appropriateness of the current price ceiling for basic economy-class domestic air transport services, as well as an assessment of airlines’ production and business performance following the implementation of support policies by the government and relevant management agencies.

Aircraft refuelling at Noi Bai International Airport

At present, the process of formulating, appraising and issuing decisions to adjust the price ceiling is time-consuming, failing to keep pace with rapid fuel market fluctuations and making it difficult to ensure fairness and transparency for consumers.

“Therefore, it is necessary to implement an emergency policy allowing the temporary application for about three months of a fuel surcharge mechanism for domestic economy-class air passenger transport services, to promptly respond to abnormal fluctuations, ensure stable aviation operations, align with international practices, and balance the interests of the state, businesses and society while considering people’s ability to pay,” Dung said.

On March 25, CAAV had proposed that the MoC report on urgent solutions to support aviation operations in response to adverse Jet A-1 fuel price developments.

Alongside proposals to reduce takeoff, landing and air traffic control service fees, the CAAV recommended extending the zero import tax, cutting the environmental protection tax to VND1,000 per litre (about 4 US cents), and considering a reduction in VAT on Jet A-1 fuel to ease cost pressures and cash flow constraints for airlines.

Based on proposals from domestic carriers, the aviation regulator suggested that the MoC allow the application of a fuel surcharge mechanism for domestic economy-class passenger transport services (set outside the current price ceiling), with flexible adjustments in line with Jet A-1 price fluctuations.

According to the CAAV’s assessment, military conflict in the Middle East has directly impacted the global energy market, with Jet A-1 prices rising rapidly and fluctuating sharply over short periods, significantly affecting operating costs for Vietnamese airlines.

Meanwhile, the current pricing mechanism for domestic air passenger transport services still imposes a maximum fare under the Law on Prices. Without an appropriate compensation mechanism, airlines may be forced to continue cutting routes, weakening connectivity, increasing the risk of losing international slots, and undermining post-crisis recovery.

The government has taken timely supportive measures by reducing taxes on petrol, oil and aviation fuel to the lowest possible levels when necessary. At the same time, energy diplomacy efforts have been intensified to ensure a stable supply of Jet A-1 fuel for the domestic market.

On April 12, the National Assembly (NA) adopted a resolution introducing a number of provisions on environmental protection tax, VAT, and special consumption tax (SCT) applicable to petrol, oil products, and aviation fuel.

Under the resolution, the environmental protection tax on petrol (excluding ethanol), diesel, kerosene, mazut, and aviation fuel is set at VND0 per litre. The SCT rate on all types of petrol is also zero per cent. The resolution takes effect from April 16 through the end of June 30.

In addition, to ensure that the domestic petrol, oil, and aviation fuel market is managed in line with global price developments, the NA has authorised the government to issue a resolution to adjust – either shorten or extend – the effective period of this measure.

In urgent cases, the government may also adjust provisions on environmental protection tax, VAT, and SCT as stipulated in this resolution, and will report such actions to the NA at its nearest session.

According to the CAAV, additional costs arising from fuel price fluctuations would be shared equally between airlines and passengers at a 50/50 ratio. While this still represents a significant financial burden for carriers, the approach is considered a relatively balanced way to align the interests of all parties under current conditions.

The aviation regulator also noted that the simultaneous rise in crude oil prices, refining costs and war risk insurance premiums, coupled with localised supply shortages as regional refineries cut capacity, has pushed aviation fuel costs to a new level that is likely to persist in the medium term.

In this context, airlines' operating costs could increase by as much as 40 per cent compared with the pre-conflict period, leaving carriers on the defensive as input costs surge and fluctuate rapidly and unpredictably.

Vietnam Airlines to suspend domestic routes as fuel costs rise Vietnam Airlines is planning to suspend several domestic routes from April 1 amid tightening Jet A-1 fuel supply and surging prices linked to Middle East tensions.

Aviation and maritime fee exemptions proposed until end-2026 The Ministry of Finance (MoF) has proposed exempting a range of fees and charges in the aviation and maritime sectors from April 1 until the end of 2026, in a move aimed at supporting businesses amid volatile fuel prices.

Rising fuel costs disrupt flight plans, squeeze airline earnings Airlines are scaling back routes to offset surging fuel costs, as rising expenses begin to erode profitability despite solid passenger growth, reflected in mixed Q1/2026 financial results across the sector.

Pamela brings over 20 years of experience in public relations and integrated communications. Having engaged Media OutReach Newswire's global press release distribution, she developed a first-hand appreciation of the newswire's core promise: guaranteed news posting on real media with domain authority, direct access to over 200,000 real journalists and editors through a proprietary international media database to achieve earned media coverage, post-release reports with data insights, as well as its pioneering PR Campaign Intelligence reports for C-suites that give clients a clear, measurable picture of communications impact.

"I have seen how Media OutReach Newswire has genuinely changed the way brands communicate beyond their home markets, reaching journalists to build cross-border media relations and garner earned media coverage. The newswire's ability to guarantee verbatim placement on authoritative news sites with high domain trust – ensures that key messages are cited by the AI models that now shape how the world discovers brands. This is a capability that is much needed now by PR, communications and marketing professionals," said Pamela.

"With guaranteed news posting on real news sites, there is full control in delivering campaign key messages to maximise PR impact, in addition to achieving quality earned media coverage on top of that. I am inspired by the newswire service as a key partner for Southeast Asia's most ambitious companies and strategic communicators in telling the region's growth story," she added.

The appointment follows the recent naming of Ms Kitty Lee as Managing Partner, Greater China, signalling a strategic push by Media OutReach Newswire to connect Asian brands, companies and governments to global journalists and audiences.

Powering the "East-to-Global" Narrative with SEO, GEO, AI Citation and Earned Media

Southeast Asia is producing a new generation of regionally confident, globally ambitious brands. At the same time, deepening trade and investment ties between Greater China and Southeast Asia are driving a surge in East-to-East communications, alongside growing East-to-global expansion.

Ms Jennifer Kok, Founder and CEO of Media OutReach Newswire, said: "We are witnessing a structural shift where Asia is increasingly driving global innovation, with Asian brands expanding their business across Southeast Asia, ASEAN, Asia Pacific, as well as international markets. Media OutReach Newswire's Total PR and Communications Solution is focused on supporting these brands as they develop corporate and brand messaging that builds trust with journalists, editors, investors and customers."

Recognising the importance of AI-citation, Media OutReach Newswire recently launched JSON-LD (JavaScript Object Notation for Linked Data) Schema Markup to enhance the technical infrastructure of clients' press releases and optimise AI visibility. The company continues to focus on adopting AI across its press release distribution network, workflows, and post-release reporting.

As AI algorithms trust news posted on real media, Media OutReach Newswire's guaranteed news posting empowers AI discoverability. The newswire's guaranteed news posting partners in Singapore and Asia Pacific (APAC) include leading media Asia News Network (ANN), AsiaOne, CNA, Vulcan Post, MoneyFM89.3 , Malay Mail, The Sun Daily, Dagang News, MySinchew, Vietnam News, Vietnam Plus and The Manila Times to name a few.

"With a global press release distribution network spanning APAC, USA, Canada, UK, and Europe, as well as Latin America, the Middle East, and Africa, we are uniquely positioned to help Southeast Asian companies and governments build lasting brand equity and trust globally. I am excited to have Pamela on board to help our clients leverage our unique ability to power both SEO and GEO, as well as earned media, internationally," Jennifer added.

Before her senior management roles at consultancies including Ruder Finn, Ogilvy PR and Omnicom PR Group over the past eight years, Pamela held in-house leadership roles heading Marketing and PR at airline HK Express, as well as Communications and Guest Relations at airline Scoot (under the SIA Group).

https://www.media-outreach.com/

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