🃏 Vietnam establishes first free trade zone in Da Nang
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The State Bank of Vietnam (SBV) has suspended Chairman of the OceanCommercial Joint Stock Bank's Board of Directors Ha Van Tham for seriousviolations of Vietnam's laws.
In a report released on itswebsite on October 24, SBV said that the violations were discoveredduring its inspection of the legal status and credit quality of creditinstitutions, which is part of the project on restructuring creditinstitutions, as approved by the Politburo and the Government.
The case will not affect Ocean Bank's operations, said SBV.
Tham was arrested and his office was searched under a decision issuedby the Investigation Police Agency under the Ministry of Public Securityon October 21 and approved by the Supreme People’s Procuracy on October24.
A day ago, members of the Ocean Bank's Board of Directorsagreed to dismiss Tham from his position as the board's chairman.
Nguyen Minh Thu, the bank's general director and member of the Boardof Directors, was elected to replace Tham. She will no longer be thebank's general director.
Deputy General Director Nguyen Mai Huong became the managing deputy general director of the bank.
The SBV has been closely coordinating with relevant agencies to investigate violations at the Ocean Bank.
Tham, 42, founded the Ocean Group and is currently the ninth richest man in the Vietnamese stock market.
According to the Ocean Bank's website, Tham has a doctorate inbusiness administration from Paramount University of Technology in theUnited States.
He was Deputy Chairman of the Hai HungCommercial Joint Stock Bank's Management Board in 2003 and 2004, andthen became its chairman. The bank is now known as the Dai DuongCommercial Joint Stock Bank.
From 2007, Tham also held theposition of Chairman at the Dai Duong Service and Hotel Joint StockCompany and the Dai Duong Communication Joint Stock Company.
He was a member of the Vietnam Dairy Products Joint Stock Company's (Vinamilk) Management Board, but left the post in 2013.-VNA
See more
ꦺ Binh Duong sets up supporting industry association
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
༺ Vietnam’s pharma sector heats up with major M&A deals
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
Quang Nam positioned as medicinal plant hub
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
𓄧 Vingroup chairman to contribute nearly 88 million VIC shares to VinSpeed
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
𓄧 Nearly 100 Vietnamese plywood exporters face US trade probe
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
𒊎 Official logo of resort airline Sun PhuQuoc Airways announced
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
𝔉 Central bank proposes mandatory bank transfers for gold
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
Vietnam, Cambodia strengthen trade cooperation
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
🧜 Trucks carrying goods through Lang Son’s border gates reach record high
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
ꦍ OECD Economic Surveys: Vietnam 2025 report released
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
ܫ HP looks to scale up production capacity in Vietnam
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
🌱 Logistics – a lever for Vietnamese exporters to navigate US tariff headwinds: workshop
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
🔥 Trade ministry issues warning as Middle East tensions threaten global trade
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
꧟ Over 11,000 e-commerce storefronts flagged for violations in H1
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
♋ Vietnam attends WTO meeting on food safety and animal-plant health
On the sidelines of the SPS Committee meeting, the Vietnamese delegation held bilateral discussions with WTO member delegations.
꧟ Vietnamese exhibitors leave strong mark at China-South Asia Expo
Vietnamese exhibitors introduce a wide range of flagship products including seafood, cashew nuts, pepper, coffee, dragon fruit, sliced cassava, coconut-based products, footwear, perfume, and wooden furniture.
Vietnamese lychees win over UK consumers
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
♓ Vietnam’s textile industry surges ahead, fueled by strong alliance: insider
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
🐽 Reference exchange rate continues upward trend on June 20
The State Bank of Vietnam set the daily reference exchange at 25,031 VND on June 20, up 6 VND from the previous day.
