This is a brief rundown of what is being reported today in Vietnam’s state-approved media and some others.
It compiles coverage from official outlets like Dan Tri, Tuoi Tre, and VN Express, highlighting the narratives currently shaping the country’s economic, financial, and business news landscape.
See yesterday’s news headlines →
Beer sales
Vietstock is reporting that beer marker Habeco has staged a strong recovery in both revenue and profit, reaching its best results since before the pandemic in Q3 → source.
It says:
- the company’s operations have stabilised, with efficiency and margins returning to earlier peak levels;
- that Habeco’s finances remain solid, supported by large cash reserves and minimal debt;
- the rebound is part of a wider recovery in northern Vietnam’s beer industry after years of weak demand; and
- that investor sentiment remains cautious, with limited trading and a decline in the company’s share price.
Ed.’s notes: See also for background on beer industry challenges: What’s Happened to Vietnam’s Beer Market?
Vingroup Q3 performance
VnExpress is reporting that Vingroup’s total assets have surpassed one quadrillion dong, making it the first private company in Vietnam to reach this milestone → source.
It says the group’s assets rose sharply since the start of the year, driven by higher receivables and inventories, and supported by strong cash reserves.
Ed.’s notes: Not much said about the group’s debt which reached about 5.7 times equity up from 5.1 in Q2.
Note that the positive spin in the linked article may reflect Vingroup’s advertising spend with the news outlet.
Vingroup also announced earlier this year that it was taking legal action against negative coverage of its Q2 financial statements, which may also be acting as deterrent to deeper analysis by the domestic press.
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Vietnam-UK relations
Tuoi Tre is reporting that Vietnam and the United Kingdom have elevated their ties to a comprehensive strategic partnership, focusing on finance, technology, and energy → source.
It says both sides agreed to cooperate in developing international financial centres in Ho Chi Minh City and Da Nang, drawing on British experience in green finance and regulation.
Ed.’s notes: Full statement here →
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Power generation investment
Tuoi Tre is reporting that LNG power investors are pushing for offtake guarantees of 90 percent for the entire contract term but authorities want 75 percent. → source.
The article quotes energy expert Le Minh saying the current commitment level is too low for projects worth billions of dollars and may hinder bank financing.
Conversely, it quotes Vietnam Oil and Gas Association Chairman Nguyen Quoc Thap warning that higher guarantees could expose EVN to financial risk.
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Steel industry
Tuoi Tre is reporting that Hoa Sen Group, led by chairman Le Phuoc Vu, reported its highest profit in three years despite continued weakness in Vietnam’s steel industry → source.
The article quotes Vu as acknowledging that the steel market remains difficult, with oversupply and weak export demand limiting growth potential.
“The steel industry is currently at best flat, the general trend is downward,” he said.
The article also notes that domestic demand has shown modest recovery, supported by public investment and a more active property market.
Ed.’s notes: Vu’s views provide some interesting context to the announcement earlier this year that Vietnam’s biggest conglomerate Vingroup would be entering the steel manufacturing industry with VinMetal.
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Coffee shop closures Hanoi
Vietnamnet is reporting that many well-known cafés and restaurants in Hanoi have closed after a decade of expansion, signalling a major shakeout in the city’s F&B industry → source.
It says closures include Trill Rooftop Café, Toka Coffee Stand, Sori Garden, and outlets of Aha Café and Bãi Tôm, all citing rising costs and changing consumer habits.
The article quotes expert Tran Khanh Minh Son saying that revenue declines and rising rents have squeezed profit margins.
It cites iPOS data showing tens of thousands of F&B businesses nationwide have shut, with Hanoi and Ho Chi Minh City hit hardest.
The article says survival now depends on leaner operations, diversified revenue streams, and clearer customer focus.
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Hyrbid car market
Tuoi Tre is reporting that buyers are delaying hybrid car purchases, while dealers clear stock with large discounts, as the revised special consumption tax, set to kick-in in 2026, will lower rates for both self-charging and plug-in hybrids → source.
The article quotes consumers saying they prefer to wait for lower prices, while experts note battery costs and maintenance remain concerns.
It says Toyota will invest heavily to assemble hybrids locally, with similar plans from Suzuki and interest from Isuzu.
Ed.’s notes: Connects to reports a week or so ago that luxury car dealers in Vietnam are offering record discounts as demand weakens and inventories rise, partly attributed to the shift to electric vehicles.
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FLC’s return
Tuoi Tre is reporting that FLC Group has sent a document to the State Securities Commission explaining delays in publishing its audited financial statements and outlining plans to resolve the issue → source.
It says FLC and its auditor have not reached agreement on the audit opinion for 2021, preventing the release of audited reports from 2021 through mid-2025.
This has kept FLC shares suspended from trading on UPCoM and delayed its annual shareholders’ meeting.
The article notes that FLC has faced prolonged difficulties since former chairman Trinh Van Quyet’s 2022 arrest for stock manipulation.
Ed.’s notes: Note that the article says a plan was submitted but doesn’t say what was in the plan.
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Abnormal business results explanations
Nguoi Lao Dong is reporting that multiple listed companies have been required to explain sharp profit fluctuations in the third quarter of 2025 to the Ho Chi Minh Stock Exchange → source.
It says:
- Real estate and construction firm Ha Do Group said its strong profit growth was due to its energy segment, especially hydropower projects;
- Dat Xanh Group, a real estate developer, posted consolidated profit gains driven by higher brokerage margins;
- Truong Thanh Furniture narrowed its losses as domestic real estate and export markets improved; and
- Media and technology company Yeah1 Group’s profit fell due to higher production costs despite stronger advertising and media revenue.
Ed.’s notes: Very ambiguous.
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Rubber exports
the-shiv is reporting that Vietnam’s rubber exports fell 16.00 percent month-on-month to US$301.84 million in September 2025, according to preliminary data from Vietnam’s General Department of Customs → source.
Year-to-date exports reached US$2.28 billion, led by shipments to China, which declined 13.40 percent to US$225.36 million but still accounted for over 74 percent of total export value.
Key pharma company performance
Vietstock is reporting that pharmceuticals company Traphaco’s third-quarter profit rose sharply as sales of key products and pharmacy-channel distribution expanded → source.
The article cites the company saying the profit surge was driven by better product mix, stronger OTC coverage, and improved supply chain efficiency.
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Milk market leader Q3 performance
Nha Dau Tu is reporting that Vietnam’s milk market leader Vinamilk’s consolidated third-quarter revenue nearly reached 17 trillion dong, rising more than nine percent from a year earlier, with both domestic and overseas operations contributing to growth → source.
It says domestic revenue improved due to digital transformation, expanded store coverage, and new products, while overseas sales rose sharply in key Asian and African markets.