ALIAT – News

SABECO brings 150-year heritage journey to Buon Ma Thuot

On October 10 in Dak Lak, locals participated in double-decker city tours as part of SABECO’s nationwide campaign marking 150 years of brewing tradition. At the fifth stop of the ‘Heritage Journey,’ the brewery combined its historic legacy with experiences promoting community connection and sustainable development across Vietnam.

Launched in Ho Chi Minh City on 12 September, the journey has already travelled through Can Tho, Vinh Long, and Vung Tau, each stop symbolising the values of connection and sharing. By reaching communities across Vietnam, SABECO is bringing its heritage story closer to people from the south to the north.

In Buon Ma Thuot, the bus, featuring a miniature exhibition, stopped at Co.op Mart and the Victory Monument, attracting hundreds of visitors. Inside, three curated spaces highlighted SABECO’s past, present, and future, showcasing its 150-year history, the contributions of Vietnam’s largest team of brewmasters, world-class ingredients, and the company’s commitment to sustainable development, community engagement, and social responsibility.

Automatic bottle and can recycling machines encouraged visitors to take simple, practical steps for the environment. After the exhibition, the bus toured key spots in Buon Ma Thuot, including Nguyen Tat Thanh Park, the local market, and Dak Lak Museum, combining sightseeing, photo opportunities, and live music on board to create an engaging experience.

Beyond its business presence through the Ho Chi Minh City – Dak Lak Brewery and retail network, SABECO has fostered strong ties with the province. Projects in Krong Nang district have improved rural infrastructure, enhanced lighting, and contributed to the development of Dak Lak’s new countryside.

The heritage journey in Dak Lak continued on October 11 in Buon Ma Thuot as part of SABECO’s third instalment of its large-scale cultural and entertainment series, blending music with interactive exhibition spaces. Residents enjoyed live performances, explored SABECO’s brewing history, and learned about its future vision, with artists such as Tieu Minh Phung and Hoang Yen Chibi adding to the vibrant atmosphere in the heart of the Central Highlands.

Following Dak Lak, the heritage journey will move north to Binh Dinh, Nghe An, and Hanoi. Through the series, SABECO aims to create community spaces, celebrate its 150-year brewing tradition, and reaffirm its commitment to sustainable development and shared prosperity across Vietnam.

Mercedes-Benz distributor reports 25 per cent decrease in revenue

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Mercedes-Benz distributor report a 25 per cent decrease on-year in revenue

According to its third-quarter financial report, Hang Xanh Automobile Service JSC (Haxaco, stock code: HAX) recorded revenue of approximately VND1.15 trillion ($46 million), a 25 per cent decrease compared to the same period last year. After expenses, the company reported a loss of nearly VND26 billion ($1 million), whereas in the third quarter last year it posted a profit of over VND90 billion ($3.6 million).

This is the company’s first reported loss in four years, a period previously described by leadership as unprecedented during the COVID-19 outbreak, which forced multiple branches to close for months.

Explaining the poor performance in the third quarter, Haxaco’s financial report cited continued weakness in the luxury car segment due to tightened consumer spending. Meanwhile, competitive pressure from other premium brands has increased, with rivals constantly launching new models accompanied by incentives and financial support. Discounts are no longer limited to luxury vehicles but have spread to mass-market segments as well. In addition, operating costs rose as the company is in the process of expanding its operations.

For the first nine months of 2025, Haxaco posted revenue of approximately VND3.14 trillion ($125 million), a 15 per cent drop on-year. Almost 90 per cent of its revenue came from car sales, with the rest from spare parts and repair services. During this period, the company made a profit of just VND1 billion ($40,000), a fraction of the VND 144 billion ($5.7 million) posted in the same period last year. This is far below the company’s pre-tax profit target of VND260 billion ($10 million) set at the beginning of the year.

As of the end of September, Haxaco’s total assets stood at over VND 2.36 trillion ($94 million), with liabilities exceeding VND1 trillion ($40 million).

According to Mirae Asset Vietnam Securities, Haxaco was the first official Mercedes-Benz distributor in Vietnam and held about 40 per cent of the brand’s market share as of mid-2025. In addition to Mercedes-Benz, the company also distributes MG vehicles (originally a British car brand, now owned by a Chinese company).

The securities company forecast that Haxaco’s revenue and post-tax profit this year will reach VND6.38 trillion ($255 million) and VND271 billion ($10.8 million), respectively, increases of 16 and 33 per cent on-year. However, Mercedes-Benz sales volume are likely to decline by 12 per cent, while MG sales will grow by 66 per cent.

Discount paradise for auto buyers

As part of a new package to help the automobile market stay afloat after this year’s global woes, locally-manufactured vehicles will benefit from a massive cut in registration fees, but imported vehicles will not miss out in the price war as makers throw potential customers huge savings.

Mercedes-Benz Vietnam set to open a new showroom in OfficeHaus

German luxury automotive brand Mercedes-Benz is set to open a new showroom in OfficeHaus in Ho Chi Minh City by the end of 2022.

Liberty Insurance Vietnam and Mercedes-Benz Vietnam sign insurance deal

Liberty Insurance Vietnam and Mercedes-Benz Vietnam on March 11 signed an agreement regarding the Mercedes-Benz Car Insurance program to help customers access a comprehensive auto insurance solution.

German court rules against Mercedes in emissions case

A German court ruled Thursday that auto giant Mercedes-Benz knowingly installed emissions-cheating devices in some diesel vehicles, opened the door for owners to seek compensation.

ETC Technology Systems JSC awarded for Corporate Excellence

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Celebrating two decades of establishment and growth, ETC has pioneered comprehensive digital transformation solutions for organisations and businesses across Vietnam.

ETC Technology Systems JSC awarded for corporate excellence

This award acknowledges ETC’s continuous efforts in delivering high-quality, innovative technology solutions, and spearheading the development of Vietnam’s IT industry.

ETC’s core offerings involve providing customised, comprehensive technology solutions, specialising in system integration, data centre construction, cloud computing, network infrastructure and cybersecurity. The company also provides industry-specific solutions, maintenance services, and information security assessments.

ETC has successfully deployed numerous complex, comprehensive, highly reliable and exceptionally effective technology solutions for a strategic client base with unique technical and security requirements.

This portfolio includes key government agencies such as the Ministry of Public Security and Ministry of Finance, leading banks including VietinBank, Vietcombank, and BIDV, and major corporations like Airports Corporation of Vietnam and Vietnam Electricity.

Serving as a strategic partner to over 50 global technology firms, ETC holds the highest-tier partner status in Vietnam from major industry players, including Dell Technologies, Cisco, and Palo Alto Networks.

This standing allows ETC to continuously elevate its personnel’s expertise, optimise solutions, and enhance its ability to handle complex projects with stringent technical and security requirements.

As Vietnam’s leading provider of digital technology ecosystems, the company has earned numerous prestigious titles from its global vendors, alongside a multitude of respected national and international awards over the past two decades.

ETC and Cisco’s strategic partnership signing ceremony

Pursuing technological self-reliance, ETC has developed numerous intelligent, Vietnam-based solutions, consequently driving a powerful transformation across many critical national sectors, especially aviation.

ETC’s Biostation end-to-end biometric identification system, directly linked to the national population database, has been successfully deployed at 18 airports nationwide and is slated for implementation at the new Long Thanh International Airport.

The Biostation system, alongside ETC’s AI Camera solution for airport infrastructure monitoring, has been highly praised by operators for enhancing aviation security. Moreover, it has been warmly received by passengers for significantly reducing processing times.

The proven practical effectiveness and high scalability of ETC’s solutions underscore its pioneering role in Vietnam’s digital transformation process and the development of national competitiveness.

Looking ahead, ETC will further intensify research and development investment, integrating AI, big data, and cybersecurity into its core products. Beyond solidifying its strong regional position, the company is focused on international market expansion, bringing Vietnamese innovation and technological capabilities to the global stage.

ETC’s Biostation system is operational in 18 airports nationwide

The Corporate Excellence title serves as a powerful testament to ETC’s sustainable growth.

This achievement is underscored by impressive financial growth, effective business strategies, and positive community contributions. This validates ETC’s outstanding accomplishments and solidifies the company’s position as a symbol of innovation and sustainable development in the region.

APEA, established in 2007 by Enterprise Asia, is a highly esteemed annual award programme designed to honour exceptional enterprises and entrepreneurs across the Asia-Pacific region. Enterprise Asia is a non-governmental organisation in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development.

SBVN honoured at Asia Pacific Enterprise Awards

Schoeller Bleckmann Oilfield Equipment Vietnam Co., Ltd. (SBVN) has secured the prestigious Corporate Excellence Award at the 2024 Asia-Pacific Enterprise Awards (APEA).

Concentrix Vietnam awarded for Corporate Excellence at APEA 2024

In an achievement showcasing its dedication to innovation and superior customer service, Concentrix Vietnam has been honoured with the prestigious Corporate Excellence award at the Asia-Pacific Enterprise Awards (APEA) 2024.

CDC earns APEA 2025 award for setting new ethical innovation standard

Winning recognition at the Asia Pacific Enterprise Awards, CDC reaffirms its leadership in responsible business practices.

Timber sector seeks solutions to VAT refunds

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Timber sector seeks solutions to refund VAT bottlenecks

Vietnam’s timber industry is targeting $16.9 billion in export value in 2025. Photo: Le Toan

The Vietnam Timber and Forest Products Association (VIFOREST) has petitioned the Ministry of Finance and relevant agencies to eliminate VAT on primary wood products and recognise them as agricultural outputs exempt from VAT. It has also called for consistent application of Decree 209/2013/ND-CP, which clearly stipulates that ordinarily processed plantation timber should not be subject to VAT.

According to the association, this proposal would allow processing and exporting firms to avoid burdensome deductions and refund procedures, reducing compliance costs and freeing up working capital. “Our goal is to ease administrative bottlenecks, mitigate legal risks, and prevent losses to the state budget from invoice fraud,” VIFOREST stated in its report. The move, it argued, would also protect the incomes of millions of rural household engaged in afforestation.

The sector’s achievements underscore what is at stake. Vietnam today maintains more than 4.6 million hectares of planted forests, producing an annual harvest of 35-40 million cubic meters of timber, sufficient to meet 75–80 per cent of processing demand. Export turnover of wood and wooden products is forecast to reach $16.9 billion in 2025, ranking sixth among Vietnam’s export categories. The industry provides direct jobs for over 500,000 workers and sustains millions of smallholder tree growers.

These numbers point to an acute liquidity challenge. Preliminary figures from VIFOREST indicate that timber enterprises are still waiting for VAT refunds worth around VND6.1 trillion ($250 million). The delay is linked to current procedures that require refunds to be processed only after thorough review.

On paper, the system is meant to secure the state budget. In practice, it has stalled refund approvals for compliant businesses. “Many companies have complete and legitimate dossiers, yet they are still asked to provide additional clarifications over and over again,” noted Cao Xuan Thanh, chief of office at VIFOREST. He stressed that refund processing often exceeded the statutory deadline, causing serious cash flow disruption.

Thanh pointed out that the requirement to trace raw material origins back to individual households is especially unrealistic. “A single export shipment may be sourced from dozens of growers across multiple provinces,” he explained. “The verification process becomes unworkable, and that is where enterprises get stuck.”

The consequences are immediate. Exporters are forced to advance 10 per cent VAT on input materials while awaiting refunds, eroding their capacity to rotate capital. This hits small- and medium-sized firms the hardest. With industry-wide profit margins averaging only 5-7 per cent, the sector loses an estimated VND500-600 billion ($20-25 million) annually due to refund delays, equivalent to 2-3 per cent of total profit.

Delayed refunds also damage Vietnam’s standing abroad. Foreign clients experience late deliveries and deferred payments, eroding confidence. More dangerously, exporters risk sanctions under the EU’s regulation on deforestation-free products (EUDR). “If traceability obligations are not properly met, the EU could issue yellow or red cards, which would severely hurt our market access,” VIFOREST warned.

Nguyen Liem, vice chairman of VIFOREST, added that product classification is another barrier. He observed that plantation timber after harvest, such aslogs, sawn timber, peeled veneer, or woodchips, has not been clearly recognised as “primary processed” goods. “Because of this ambiguity, exporters accumulate large VAT credits that cannot be refunded in time,” he said.

Liem further noted that both enterprises and small traders are still obliged to declare and pay VAT even on minimally processed timber, increasing costs and paperwork. In his words, “These procedures consume enormous time and resources, but the refunds remain out of reach. This has paralysed business cash flows and put many companies at risk.”

The risks extend beyond liquidity. Several exporters waiting on refund larges have been accused of enjoying state subsidies in trade defence investigations overseas. Domestically, extended refund disputes can push legitimate businesses into legal jeopardy. Meanwhile, the “request-and-grant” nature of the current system leaves room for arbitrary delays and even corruption.

These obstacles are driving a troubling shift: some companies now prefer to import timber rather than purchase from domestic plantations, simply to avoid VAT refund complications. This undermines demand for local wood, stripping millions of farmers of stable buyers and disincentivising reforestation. Thanh cautioned that the government might ultimately face the paradox of bailing out commercial plantation forests, a scenario entirely at odds with Vietnam’s sustainable forestry goals.

VIFOREST’s message is clear: resolving VAT refund issues is not merely about tax administration. It is about preserving national reputation, protecting farmers’ livelihoods, and securing the industry’s competitiveness in a global market increasingly focused on sustainability. “If these obstructions are not lifted, we risk losing both domestic and international trust,” Thanh emphasized.

In its petition, the association stresses that timely VAT reform will immediately free up liquidity, reduce exposure to legal risks, and enhance compliance with international traceability standards. More broadly, it would help solidify Vietnam’s position as a reliable, responsible supplier of timber products. “Unlocking these refunds is not a privilege, it is a necessity,” Liem underlined. “Without it, the industry cannot play its intended role as a pillar of the green, circular economy.”

Vietnam’s visionary leaders redefine success at the Asia-Pacific Enterprise Awards 2025

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Organised by leading regional non-governmental organisation Enterprise Asia, the prestigious awards honoured businesses and business leaders who are reshaping industries, embracing innovation, and driving sustainable growth.

Vietnam’s visionary leaders redefine success at the Asia-Pacific Enterprise Awards 2025

With the theme ‘Showcasing Future-Ready Enterprises’, this year’s APEA celebrated organisations and leaders who are future-proofing their businesses amid sweeping technological disruption and shifting economic landscapes.

A highly selective judging process evaluated 342 nominees across four award categories: Master Entrepreneur, Inspirational Brand, Fast Enterprise, and Corporate Excellence. Each recipient stood out for their resilience, innovation, and commitment to creating lasting impact.

Since its inception in 2007, the APEA has grown into Asia’s most prestigious awards platform, with past Master Entrepreneur honourees comprising Kwek Leng Beng of Hong Leong Group Singapore, China’s Xu RongMao of Shimao Group, and Vietnam’s Dang Van Thanh of TTC Group, as well as notable corporate recipients including Pfizer Limited (Taiwan), Baker Hughes, GE Company (India), Pepsi-Cola Products Philippines Inc., Novo Nordisk Pharma (Thailand), Schneider Electric Vietnam, and Shell Vietnam.

“Enterprises that thrive in today’s world are those that challenge convention, embrace sustainability, and create value beyond profits. The honourees tonight embody the vision and resilience that will define the future of Vietnam’s economy.” stated Tan Sri Dr. Fong Chan Onn, chairman of Enterprise Asia, in his welcome address.

Among the Master Entrepreneur honourees are Ly Anh Duy Quang, board member of Greenfeed Vietnam Corporation, and Pham Dinh Doan, chairman of Phu Thai Holdings Group, who have demonstrated exceptional leadership and strategic foresight in steering their organisations to greater heights.

In the corporate categories, among the esteemed recipients were BaoViet Life Corporation and Vincom Retail Joint Stock Company in the Inspirational Brand category. The Fast Enterprise Award went to Phu Nhuan Jewelry Joint Stock Company (PNJ) and Eximbank, while the Corporate Excellence Award was presented to Gemadept Corporation and MB Bank.

The APEA 2025 Vietnam Chapter was supported by the Indian Business Chamber in Vietnam, Dutch Business Association Vietnam, The iMPACT Magazine, Asia Society for Social Improvement and Sustainable Transformation (ASSIST), Italian Chamber of Commerce in Vietnam, Startup Vietnam Foundation, and Vietsuccess. Snowball Consulting served as the official implementation partner, with PR Newswire as the official news release distribution partner, and Dailywire.asia and SME Magazine as the media partners.

Launched in 2007, the Asia-Pacific Enterprise Awards are the region’s most prestigious awards for outstanding entrepreneurship, continuous innovation, and sustainable leadership.

The awards provide a platform for companies and governments to recognise entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship.

As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The programme has grown to encompass 16 countries/regions and markets all over Asia.

Asia Pacific Enterprise Awards 2024 honour industry leaders and leading corporations in Vietnam

The Asia Pacific Enterprise Awards (APEA) 2024 honoured Vietnam’s inspiring business moguls and visionaries of inclusive entrepreneurship on October 3 at the GEM Centre in Ho Chi Minh City.

Kafi Securities named “Fast Enterprise” at Asia Pacific Enterprise Awards

Kafi Securities was honoured to have been named “Fast Enterprise Award” at the Asia Pacific Enterprise Awards (APEA) 2024 in Ho Chi Minh City on October 3.

Halcom Vietnam honoured with Asia Corporate Excellence award

Halcom Vietnam was bestowed with an Asia Corporate Excellence award at the Asia-Pacific Enterprise Awards in Ho Chi Minh City.

Vietnam motorcycle market slows amid transition

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On October 10, the Vietnam Association of Motorcycle Manufacturers (VAMM) reported that combined sales from its five members – Honda, Yamaha, Piaggio, Suzuki, and SYM – totalled just under 622,000 units between July and September 2025, down almost 9.4 per cent on-year. Despite Vietnam remaining one of Southeast Asia’s largest motorcycle markets, the decline signals a pause after two decades of strong growth.

With around 80 per cent of market share, Honda continues to dominate, but has not been spared from the downturn. In September alone, Honda sold almost 164,000 motorcycles, down 11.4 per cent on-year. From April to September, its total sales amounted to just over 1 million units, a slight fall compared with the previous year.

Dealers report sharper drops in recent months, particularly in mid-range scooters, as consumers adopt a wait-and-see approach. “People are wondering whether buying a petrol bike now could restrict them later, or if it’s better to wait until EVs become more affordable. This hesitation is putting the entire market on pause,” a major distributor explained.

In contrast, non-VAMM players such as VinFast, Yadea, and Dat Bike are gaining traction in the two-wheeler EV segment, forcing traditional giants like Honda and Yamaha to accelerate their electrification strategies.

The policy landscape is also reshaping expectations. Under a directive issued by the Prime Minister in July, Hanoi authorities must implement measures to restrict fossil-fuelled motorbikes from operating within Ring Road 1 by July 2026. The following stages will limit petrol-powered private cars inside Ring Roads 1 and 2 by 2028, extending to Ring Road 3 by 2030.

In response, VAMM has petitioned the government, warning that the 2026 restrictions in Hanoi could impose significant burdens on both consumers and industry. The association argues that low-income households and families reliant on multiple petrol bikes would face steep costs in switching vehicles. For businesses, the abrupt shift risks disrupting the entire motorcycle ecosystem – from production and distribution to after-sales services.

“Manufacturers will be forced to make substantial investments in restructuring production lines, upgrading technology, and developing new products, without sufficient time or financial support. This could result in heavy losses, production disruptions, and even bankruptcies,” VAMM noted. Nearly 2,000 dealerships and 200 component suppliers tied to internal combustion engines are expected to bear the brunt of declining revenues, with supply chain fractures a likely consequence.

VAMM also pointed out that companies have already invested hundreds of thousands of dollars in new technology and equipment to meet forthcoming regulations effective from 2027, such as EURO4 emission standards and fuel consumption limits. A sudden pivot to EVs could render these efforts wasteful and undermine the effectiveness of recently enacted environmental policies.

To avoid a disorderly transition, VAMM has proposed a more phased approach with a minimum preparation window of two to three years, giving households, businesses, and regulators time to adapt and mitigate risks.

The association further explained that infrastructure remains a critical barrier. Public charging stations are still insufficient, while concerns over fire safety – particularly in ageing apartment buildings with degraded electrical systems – are rising. “Addressing these issues is essential for consumer confidence, business investment, and the safe, effective rollout of electric mobility,” the association stressed.

In addition, VAMM urged policymakers to introduce supportive incentives, such as tax breaks and preferential credit, to encourage consumer adoption of electric two-wheelers.

The motorcycle market is shifting from sheer volume growth to structural transformation. While 2025 has been a challenging year, analysts predict stabilisation from the second half of 2026 as economic growth resumes, incomes rise, and the green consumption trend strengthens.

The interplay of electrification, technological renewal, and consumer appetite for sustainable mobility is expected to shape the next growth cycle. In the long term, Vietnam will remain a pivotal two-wheeler market in ASEAN, not only for domestic consumption but also for its export potential.

GREENFEED brings Vietnamese aquaculture to global markets

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To achieve the accreditation, GREENFEED’s Tay Ninh plant has met rigorous criteria on raw material traceability, environmental protection, social responsibility, and transparent supply chain management.

The Aquaculture Stewardship Council (ASC) certification is a globally recognised standard that evaluates responsible aquaculture operations.

GREENFEED, one of the top animal feed producers in Southeast Asia, has invested in developing a comprehensive aquaculture value chain, from sourcing raw materials for aquafeed production to delivering processed seafood products for both domestic and international markets.

GREENFEED brings Vietnamese aquaculture to global markets

Product quality inspection inside GREENFEED’s aquafeed factory

The chain encompasses branded aquafeed lines AQUAGREEN, SUPERWHITE, and PANAFEED, high-quality broodstock, commercial farming, processing and exporting frozen seafood and value-added products, as well as animal health management solutions and aquatic veterinary products.

In the seed segment, the company supplies aquaculture seeds such as basa fish, black tilapia, and red tilapia; operates commercial farming of eels and frogs; and conducts research and trials on models such as basa fish, tilapia, and marine fish.

Alongside this, the company develops technical solutions and aquatic health products, enabling the processing and export of basa fish, tilapia, frog, eel, and marine fish of consistently high quality to meet both domestic demand and international market requirements.

GREENFEED’s aquaculture seeds ensure consistent quality and farming efficiency

Throughout its journey, GREENFEED has worked hand in hand with farmers across the entire production cycle through its ‘farm-to-table’ sustainable value chain.

This integrated model has been designed and continuously improved to help address challenges faced by aquaculture farmers while driving greater efficiency and productivity.

Take the frog industry in Vietnam as an example. GREENFEED has introduced its AQUAGREEN, SUPERWHITE, and PANAFEED product lines across every growth stage, from tadpole to market-size frogs. These feeds meet clean, safe, and nutrient-rich standards, and strictly exclude banned substances, in compliance with regulations of the Directorate of Fisheries.

Since 2014, GREENFEED has consistently maintained the Best Aquaculture Practices (BAP) certification, an international benchmark that validates its superior production capabilities and product quality, trusted by both domestic customers and global export partners.

Beyond feed, the company provides diverse integrated solutions such as designing farms to international standards for pond- and land-based models with appropriate stocking densities; offering technical solutions to manage animal health throughout the production cycle; and applying disease prevention measures that enhance survival rates and promote responsible, efficient growth.

An aquaculture farm of GREENFEED

Ensuring market access for frog farmers who follow GREENFEED’s certified export models and adopt its feed and health solutions is a distinct advantage, helping optimise productivity and giving farmers the confidence to invest in a more professional, sustainable frog farming sector.

Export products such as frozen frog legs are fully traceable, sourced from controlled inputs, and comply with stringent product quality requirements across diverse international markets, including Europe, South America, Oceania, and Asia (Taiwan, Hong Kong, China, among others).

For black tilapia, GREENFEED is building a dedicated value chain designed to maximise farmers’ economic returns while unlocking the export potential of Vietnamese tilapia.

The company prioritises safe, high-quality aquafeed tailored to each growth stage. Its newly introduced PANAFEED line supports tilapia farming in ponds and cages with low water flow, from fry under 5 grams to market size of fish weighing 100-200 grams and above.

GREENFEED’s tilapia farming model emphasises efficiency, sustainability, and biosecurity, reducing operating costs, ensuring uniform growth, and improving yields. The result is export-quality tilapia that comes on par with stringent requirements of international markets across Europe, South America, Oceania, and Asia.

By building and continuously refining its aquaculture value chain, GREENFEED is confident in delivering tangible economic benefits for farmers while empowering them to professionalise and pursue aquaculture sustainably.

Together, these efforts contribute to advancing Vietnam’s aquaculture sector and expanding its reach across global markets.

GREENFEED aims to be leading sustainable conglomerate in food and agriculture

GREENFEED has been honoured in Vietnam’s Top 100 Sustainable Businesses 2022, marking a milestone in its journey to reach sustainable development goals by 2030.

GREENFEED shines in multiple reputable rankings

On January 8, GREENFEED proudly secured its spot in the Top 500 Largest Enterprises in Vietnam (VNR500) for the third consecutive year and ranked second in the Vietnam Top 10 Animal Feed Reputation Award 2024, reaffirming the company’s market position and its trustworthiness.

GREENFEED receives global ‘Great Place to Work’ accolade

GREENFEED in July received the Great Place to Work certification for the first time, a global recognition for workplace excellence.

Hoa Phat chief urges swift action to boost Vietnam’s steel industry

News

At a national conference in Hanoi on October 9, held ahead of Vietnam Entrepreneurs’ Day, Hoa Phat Group chairman Tran Dinh Long urged the government to streamline decision-making, enhance transparency in public procurement, and prioritise Vietnamese products. He explained that clearer and more responsive policies are crucial to helping local industries remain competitive amid international headwinds.

Reflecting on nearly three decades since Vietnam joined ASEAN, Hoa Phat Group chairman Tran Dinh Long said, “The steel sector has evolved from a peripheral player to a pillar of regional manufacturing. From an output of just over one million tonnes in 1995, Vietnam has become Southeast Asia’s largest steel producer and now ranks 11th globally, reflecting the strength of our industry as well as Vietnam’s success in economic integration.”

He called for faster and more decisive implementation of the Politburo’s Resolution No.68-NQ/TW on private-sector development, stressing that bureaucracy remains a brake on enterprise growth. “Time is life in business. Every delay means missed opportunities,” he said. “Enterprises need ministries and local authorities to respond faster and act with conviction.”

Long also warned that rising global protectionism is compounding challenges for Vietnamese exporters, citing the EU’s recent move to double steel import duties from 25 to 50 per cent. “This will hit our exports directly,” he said. “The government needs flexible, timely countermeasures to safeguard domestic production while keeping trade fair and rules-based.”

For state-funded projects, Long urged ministries and agencies to prioritise Vietnamese materials that meet technical standards, arguing that national procurement policies should directly support local manufacturing. “The message is simple: if Vietnamese producers can deliver, they should have the first chance,” he said. Transparent bidding and fair competition, he added, must guide all major public schemes, from social and worker housing to national infrastructure.

“Domestic enterprises have invested heavily in capacity and technology,” Long concluded. “We’re ready to drive the country’s development, but that requires a level playing field and clear, consistent rules.”

Hoa Phat chief urges swift action to boost Vietnam’s steel industry

Hoa Phat’s recent performance underscores its leading position. In the third quarter of 2025, the group produced 2.8 million tonnes of crude steel, up 14 per cent on-quarter and 35 per cent on-year. Sales of hot-rolled coil (HRC), construction steel, high-quality steel and billets reached 2.5 million tonnes, an increase of 21 per cent compared to the same period last year.

Construction steel and rolled steel sales fell 17 per cent from the second quarter to just over one million tonnes, affected by the low building season and adverse weather. In contrast, HRC sales climbed 8 per cent from the previous quarter and 71 per cent on-year to over 1.2 million tonnes. September alone saw a record 477,000 tonnes sold.

Downstream HRC products also expanded steadily, with coated steel sheets reaching 120,000 tonnes and steel pipes 225,000 tonnes in the quarter.

Over the first nine months of 2025, Hoa Phat produced 7.9 million tonnes of crude steel, up 23 per cent on-year. Total steel sales reached 7.4 million tonnes, up 22 per cent, maintaining its 37 per cent market share in construction steel.

HRC output surged 51 per cent to 3.43 million tonnes, accounting for more than 56 per cent of Vietnam’s total, according to the Vietnam Steel Association. Coated steel output reached 320,000 tonnes (down 7 per cent), steel pipes 627,000 tonnes (up 25 per cent), and pre-stressed and wire-drawn steel 116,000 tonnes (up 25 per cent), with exports contributing 42 per cent.

The completion of blast furnaces No.1 and No.2 at the Hoa Phat Dung Quat 2 complex during the second and third quarters marked a strategic milestone. The fully operational project will significantly expand national HRC capacity, reinforcing Vietnam’s steel independence amid rising protectionism in global markets.

VYEA drives CEO training initiative following VPSF 2025

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The VYEA unveils VPSF 2025 summary report and 10,000 CEO Training Programme

On October 8 in Hanoi, the VYEA held a press conference to present the summary report of VPSF 2025 and unveil its ‘10,000 CEO Training Programme’ for 2025–2030. The initiative is designed to provide a structured roadmap, practical guidance, and expert support to prepare private sector leaders for the challenges and opportunities of a rapidly integrating economy.

The programme reflects the VYEA’s commitment to implementing the initiatives and pledges made during last month’s VPSF 2025 high-level session, transforming dialogue into tangible support for Vietnam’s emerging business leaders.

The VPSF 2025 summary report was compiled based on input from nearly 6,500 delegates, over 3,000 opinions from the business community across 12 local dialogue sessions nationwide, four thematic sessions, and one high-level session with the direct attendance and guidance of Prime Minister Pham Minh Chinh.

The discussions highlighted critical issues regarding institutions, innovation, international integration, and internal corporate governance. The report proposed many recommendations, notably the CEO training scheme aimed at nurturing a new generation of Vietnamese business leaders with the vision and talent to drive sustainable development.

At the press conference, Dang Hong Anh, chairman of the VYEA and VPSF 2025, said the association will finalise and publish the full report, systematising all recommendations and proposals from the business community.

“This report will be submitted to the government and relevant agencies as a key reference for building, adjusting, and finalising policies. Beyond compiling the recommendations, the association will set up a monitoring mechanism to track their reception and follow-up, working closely with ministries and local authorities to ensure concrete responses and implementation,” he said.

The VYEA plans to create an online, transparent, and regularly updated policy feedback platform, alongside periodic dialogue sessions to track progress and strengthen implementation. The initiative aims to turn VPSF recommendations into actionable policies, address delays, and drive momentum for private sector development.

VYEA drives CEO training initiative following VPSF 2025

Kickoff event for the 10,000 CEO Training Programme, 2025–2030

To turn the outcomes of VPSF 2025 into concrete action, the VYEA also unveiled the launch plan for the 10,000 CEO Training Programme.

The initiative follows a three-phase roadmap: Phase 1, in the last quarter of 2025, will pilot the programme with the first 1,000 participants; Phase 2, from 2027 to 2029, will scale up to reach 7,000 participants; and Phase 3, in 2030, will focus on sustainable, widespread impact to achieve the target of training 10,000 CEOs.

“This is a large-scale, long-term scheme, specially designed to combine theory with practice, taught by top experts and successful entrepreneurs. With a focus on the most urgent topics today, it is expected to produce a new generation of CEOs capable of leading their businesses onto the global stage,” said Hong Anh.

The course comprises eight training modules, covering entrepreneurship and corporate culture; business strategy; talent management and human resources; operations and performance management; risk management and legal compliance; financial management; technology, AI, and innovation; and partner engagement, including mergers and acquisitions.

Funding will be split 50/50 between sponsorships and tuition fees. Using the ‘Mindset – Toolset – Skillset’ approach, the programme provides not just theoretical knowledge but also practical tools and actionable skills that can be immediately applied in businesses.

Building green infrastructure, removing legal bottlenecks for urban development

The business community has emphasised that Vietnam stands at a crucial crossroads: either decisively transform towards sustainable development, or face the risk of urban decline.

PM calls on young entrepreneurs to lead Vietnam’s next development era

The Vietnam Private Sector Forum (VPSF) 2025 concluded with the prime minister calling on young entrepreneurs to drive innovation and institutional reform.

Sandbox and governance keys for Vietnam’s startups

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The MoC announced this finding at a meeting held on October 3 to review the nine-month performance and set tasks for the upcoming months.

The ministry has submitted and received approval from the prime minister for the plan to reduce 181 business investment conditions and simplify 12 more business investment conditions, exceeding the target set in Resolution No.66/NQ-CP.

Ministry of Construction ranks first in quality of public service provision

The MoC’s meeting on October 3 in Hanoi. Photo: Ministry of Science and Technology

Minister of Construction Tran Hong Minh assessed that the work of building and perfecting institutions continues to be implemented strongly and effectively. The ministry focused on completing, submitting and having the National Assembly approve the Railway Law and six resolutions. It also had nine decrees, one resolution and 32 circulars issued.

They have many new contents, contributing to creating motivation for the country in investment and development of construction infrastructure, strengthen decentralisation, in accordance with the two-level local government model, reform and simplify administrative procedures and investment and business conditions.

However, Minister Minh pointed out that there are still many problems after the two-level local government model came into operation, such as provincial planning and urban planning. Therefore, the work of building institutions must be more substantial and truly creative to help remove obstacles and create conditions for people, localities, and businesses to thrive.

He also admitted that the application of science, technology and digital transformation in its agencies and units is still slow, not really meeting the requirements of the practical situation.

Minister Minh asked heads of units to focus on strictly implementing the tasks assigned in Notice No.372 dated September 16 and Notice No.425 dated September 30 on the development of standards and regulations.

Minister of Construction Tran Hong Minh chaired the meeting. Photo: Ministry of Science and Technology

The minister assigned the Department of Science, Technology, Environment, and Construction Materials and the Information Technology Centre to actively work with research facilities and enterprises to promote innovation and national digital transformation in the fields of construction and transport.

“Heads of units, especially specialised departments, need to closely coordinate with the Information Technology Centre to urgently build a construction industry database to ensure completion in 2025,” he directed.

The minister requested that in the last quarter of 2025, the Legal Department and agencies and units must organise the effective implementation of the strategic resolutions of the Politburo. At the same time, they should focus on completing legal documents and schemes to submit to the 13^th Party Central Committee Conference and the 10^th session of the 15^th National Assembly. These include the Aviation Law, Urban and Rural Planning Law, and Construction Law (amended) for consideration and approval; as well as 10 draft decrees in accordance with the plan.

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