Vietnamese consumers spend 16 billion USD on online shopping in 2024

Under Circular 17/2024/TT‑NHNN issued on June 28, 2024, by the State Bank of Vietnam (SBV), all businesses must register fingerprints or facial recognition data for their legal representative before they can continue using Internet or mobile banking. ​

The Deputy PM expressed his support for Airbus’s investment expansion plans in Vietnam, particularly proposals to establish regional aircraft and equipment maintenance centres, as well as component manufacturing facilities at major airports.

The legislation marks the first time data is recognised as a property right under Vietnamese law.

The Vietnam National Authority of Tourism, in coordination with the Vietnam Tourism Development Fund, the Vietnamese Embassy in Germany, and Vietnam Airlines, hosted a tourism promotion event in Munich on June 30.

Ambassador Mai Phan Dung, Head of the Vietnamese Delegation in Geneva, spotlighted Norway’s open trade policies, especially its mandatory electronic data exchange through the value-added tax system for e-commerce, which reduces trade costs and streamlines cross-border commerce.

The Ministry of Agriculture and Environment sketched out roadmap for the remainder of the year, targeting 14–15 billion USD in Q3 and at least 16 billion USD in Q4, capitalising on the surge in global demand during the year-end holiday season.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,311 VND/USD and the floor rate 23,805 VND/USD.

The maximum retail price of E5 RON92 petrol has been set at 20,530 VND (0.79 USD) per litre, down 381 VND from June 30.

Unlike familiar fees such as discounts, shipping or advertising fees, the "platform infrastructure fee" is a new charge applied by Shopee across the system.

The circular, effective from July 1, regulates two entities authorised to issue C/O: the ministry’s Agency of Foreign Trade and organisations authorised by provincial and municipal People’s Committees.

The centre will be directly overseen by State agencies and tasked with verifying the validity of real estate projects, connecting public data sources and streamlining property transactions to ensure the market transparency.

A new trend has also emerged. While capital flow previously led the charge in boosting the retail sector, it is now the retail brands themselves that are reshaping the market. Expansion by fashion, cosmetics, furniture and F&B brands is setting the pace for sector growth and driving renewed investor interest.

The forum is a structured journey of dialogue, moving from local to national levels, from grassroots realities to policy formulation, from the voice of entrepreneurs to government commitments. Its outcomes will be compiled in the Vietnam Private Sector White Paper 2025, offering specific and actionable policy recommendations to the Government, ministries, and local authorities.

Both the IMF and OECD believe that with solid macroeconomic fundamentals, a clear reform agenda, and active involvement from the private sector, Vietnam is well-positioned to maintain stable growth and enhance its position in global value chains.

Vietnam's agro-forestry-fishery exports reached 33.5 billion USD, while imports rose 12.8% to 23.5 billion USD in the first half of 2025.

The BCI for the second quarter of 2025 recorded a slight dip to 61.1, reflecting heightened global uncertainty. However, the overall sentiment remains one of cautious optimism, with Vietnam still viewed as a resilient and promising investment destination.

Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.

The National Data Development Fund has been established, operating as a non-budget state financial fund with an initial capital of 1 trillion VND (38.4 billion USD).

The State Bank of Vietnam set the daily reference exchange rate at 25,052 VND on June 30, up 4 VND from June 27.

Games developed by Vietnamese teams recorded 9.6 billion downloads in 2024. In the first six months of 2025, this number already hit 5.2 billion downloads. Downloads for all of 2025 are expected to surpass 10.3 billion, a year-on-year growth of over 7.7%.