Vietnam’s BRICS Partnership: Risks & Benefits
June 18, 2025
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Author: the-shiv
This archive features news articles written by our staff team. To learn more about the-shiv, visit our about page.
Industry: Vietnam wire & cable imports up 3.52 percent in May
the-shiv June 15, 2025
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
the-shiv June 15, 2025
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.
How to Source & Import Products from Vietnam 2025: A Complete Guide
the-shiv June 15, 2025
Foreign firms manufacturing in Vietnam count themselves as part of one of the fastest growing manufacturing industries in the world. In this light, there is a huge opportunity in buying and exporting Vietnam-made products around the world. This can be very profitable but there are a few nuances to the process that foreign firms looking to open a factory in Vietnam or export good from Vietnam more generally should be mindful of.
Advertising: Nestlé fined in Vietnam over misleading Milo milk advertisement
the-shiv June 15, 2025
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
the-shiv June 15, 2025
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
the-shiv June 15, 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
the-shiv June 15, 2025
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
Manufacturing: Vietnam glass & glassware exports dip 2.68% in May
the-shiv June 14, 2025
Vietnam’s exports of glass and glassware reached US$108.09 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a slight decrease of 2.68 percent compared to April, bringing the year-to-date (YTD) export value to US$524.34 million.
Textiles & footwear materials: Vietnam imports slightly dip 0.86 percent in May
the-shiv June 14, 2025
Vietnam’s imports of textile, leather, and footwear materials and auxiliaries reached US$637.42 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a slight decrease of 0.86 percent compared to April, bringing the year-to-date (YTD) import value to US$2.98 billion.
Plastic products: Vietnam imports surge by 12.22 percent in May
the-shiv June 14, 2025
Vietnam’s imports of plastic products reached US$966.81 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a significant increase of 12.22 percent compared to April, bringing the year-to-date (YTD) import value to US$4.05 billion.
Tax: Vietnam to impose excise tax on soft drinks from 2027
the-shiv June 14, 2025
Vietnam’s National Assembly has passed an amendment to the Law on Special Consumption Tax, introducing new excise taxes on soft drinks and revising tax schedules for alcohol, tobacco, air conditioners, and fuel, VN Express has reported.
Vietnam Car Sales Tracker: May Update [data]
the-shiv June 14, 2025
The May sales report of the Vietnam Automobile Manufacturers’ Association–the VAMA–has found that vehicle sales of the group’s members fell 2 percent in May compared to April. Declines were seen in passenger vehicles, trucks, buses, special purpose vehicles,and hybrids.
Industry: Vietnam chemicals imports down 5.70 percent in May
the-shiv June 13, 2025
Vietnam’s imports of chemicals reached US$671.33 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a decrease of 5.70 percent compared to April, bringing the year-to-date (YTD) import value to US$3.25 billion.
Accountants in Vietnam: Directory of Licensed Accounting Firms (2025)
the-shiv June 13, 2025
Whether you are an SME expanding into Vietnam or an established corporation requiring local expertise, this guide provides a starting point for finding the right accounting support.
Vietnam Market Wrap: Vietnam stock market dips as foreign investors turn net sellers
the-shiv June 13, 2025
The VN-Index closed at 1,315.49 on June 13, falling 7.50 points or 0.57 percent, as selling pressure dominated across key sectors. Total trading value reached VND 27,143.98 billion or approximately US$1.04 billion.
Footwear: Vietnam exports dip 3.45% in May, but China and South Korea see massive gains
the-shiv June 13, 2025
Vietnam’s exports of footwear reached US$2.15 billion in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a slight decrease of 3.45 percent compared to April, bringing the year-to-date (YTD) export value to US$9.76 billion.
Tax: New decree requires e-commerce platforms collect tax for Vietnam sellers
the-shiv June 13, 2025
Decree 117/2025/NĐ-CP has officially been issued, introducing stricter tax compliance obligations for e-commerce platforms, including requiring platforms to collect tax on behalf of their Vietnamese sellers.
Electricity: Vietnam generates 127.6 billion kWh in first five months of 2025, coal remains dominant
the-shiv June 13, 2025
Vietnam’s total electricity output for the month of May was 28.6 billion kWh, with the system reaching a peak capacity of 49,759 MW, according to a press release from state power providers Electricity Vietnam. Notably, coal remains the key power source accounting for 56.8 percent of power generated.
Banking and finance: Vietnam corporate bond issues top US$1.8 billion in May
the-shiv June 13, 2025
Vietnam’s corporate bond market showed signs of renewed activity in May, with VND 46.77 trillion (US$1.80 billion) worth of private placements across 42 deals, according to data from the Vietnam Bond Market Association (VBMA) as of May 31.
Vietnam Tourist Arrivals Tracker: May Update [data set]
the-shiv June 13, 2025
Vietnam welcomed 1,528,352 international tourists in May, marking a 7.6 percent decrease from April, according to Vietnam’s General Department of Tourism. Of the five segments recorded, the most foreign tourists came from Asia accounting for 1,253,268 arrivals with the biggest source country being China which accounted for 407,572 of Vietnam’s tourist arrivals in May.
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