June 15, 2025
Energy: Vietnam crude oil imports plunge by 20.19 percent in May
Vietnam’s imports of crude oil amounted to US$557.12 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant decrease of 20.19 percent compared to April, bringing the year-to-date (YTD) import value to US$3.42 billion.
Industry: Vietnam wire & cable imports up 3.52 percent in May
Vietnam’s imports of insulated wires and cables reached US$409.61 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents an increase of 3.52 percent compared to April, bringing the year-to-date (YTD) import value to US$1.81 billion.
Pastry, sweets and cereals products: Vietnam exports up 5.28% in May
Vietnam’s exports of pastry, sweets, and cereals products reached US$102.63 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents an increase of 5.28 percent compared to April, bringing the year-to-date (YTD) export value to US$492.76 million.
Advertising: Nestlé fined in Vietnam over misleading Milo milk advertisement
Nestlé Vietnam has been fined VND 80 million (US$3,077) and ordered to immediately remove promotional materials for its Milo barley milk after Dong Nai police ruled the company’s claims were misleading, Tuoi Tre has reported. The advertisement used unsubstantiated phrases like “best” and “only,” which authorities said could confuse or deceive consumers, violating the Law on Protection of Consumer Rights.
Tax: Vietnam excludes subsidiaries from SME tax incentives under new law
Subsidiaries and affiliated companies will not be eligible for the new preferential tax rates of 15–17 percent aimed at small and medium-sized enterprises (SMEs), under Vietnam’s amended Law on Corporate Income Tax, passed by the National Assembly on June 14, VN Express has reported. The general corporate income tax rate remains at 20 percent, while firms with annual revenues under VND 3 billion and VND 50 billion may access lower rates—unless they are linked to larger corporate groups.
Banking & finance: Vietnam records 5.5 billion cashless transactions in Q1 2025
Vietnam’s recorded 5.5 billion cashless transactions in Q1 2025 with 82 percent via digital channels, according to Nguyen Hung Nguyen, Deputy General Director of Vietnam National Payment Joint Stock Company (NAPAS) and reported by VN Express.
Real estate: Collateral to fund Vietnam’s Trump-branded resort to include factories, land, and cars
Kinh Bac City Development Holding Corporation (KBC) is making a bold financial play to support a high-profile Trump-branded complex in Hung Yen. The firm is seeking shareholder approval to unlock funding using a wide range of collateral, including land, factories, subsidiary shares—and even a luxury Lexus, Dan Viet has reported
In today’s Vietnam news: Accor-Sun Group agreement, US largest ethanol supplier, Demographic dividend to end 3 years early, Maritime economy development, ACV looking to
In today’s Vietnam news: Vietnam Airlines trading restrictions removed, Insurance payouts VSS, Car sales June, 23+ years prison term recommended counterfeit supplements, Counterfeit shoes
In today’s Vietnam news: Government to inject cash into Agribank, IMF growth forecast raised, German industrial gas plant investment, VN garment maker Amazon legal
This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It