VND in the spotlight: latest news

A weather alert has been issued for central Vietnam due to the approach of Typhoon Kalmaegi. The U.S. Mission in Vietnam announced that storm conditions are expected across the region.

Typhoon Kalmaegi is expected to make landfall in central Vietnam on November 7 at 1:00 am. The storm will hit the coast between Quang Ngai and Dak Lak, with sustained winds reaching Level 12 and gusts potentially exceeding that.

Vietnam's consumer spending is projected to remain resilient in 2026, supported by increasing household incomes, a thriving tourism sector, and stable inflation, despite challenging global conditions.

The Vietnamese government has proposed maintaining the highest personal income tax (PIT) rate at 35%, while also suggesting a reduction in the overall number of tax rates.

Vietnam should foster new growth by enhancing public investment and encouraging greater involvement from the private sector, according to Shantanu Chakraborty.

Hoa Phat Group, Vietnam's leading steel manufacturer, has obtained preliminary approval from the authorities in Hung Yen province to establish a 235-hectare industrial park named Ly Thuong Kiet.

Vietnam's rubber producers have reported strong profits in the first nine months of the year, driven by high latex prices and favorable exchange rates.

Singapore's Keppel Corporation has confirmed that Vietnam is a vital growth market, comprising 23% of its total residential portfolio, as highlighted in its recent business update for the first nine months of 2025.

Petrovietnam Drilling and Well Service Corporation (PV Drilling) announced its highest quarterly profit in seven years, driven by an increase in demand and favorable market conditions.

Hanoi-based VPBank Securities JSC (VPBankS) has successfully raised $483 million through its IPO by offering 375 million shares at a price of VND33,900 ($1.29) each.

AboitizPower, the energy subsidiary of Aboitiz Equity Ventures in the Philippines, has announced its plans to acquire a 25% stake in a central Vietnam power plant for $220 million.

Typhoon Kalmaegi is intensifying and is expected to come within 430 kilometers of Vietnam's central coast near Gia Lai. The storm may bring gusts of up to level-17, posing a significant threat to the region.

Gold prices are expected to remain stable this week, with analysts predicting that they will trade within a limited range due to a lack of clear trends.

The Vietnamese manufacturing sector experienced significant growth at the beginning of the fourth quarter of 2025, marked by substantial increases in both output and new orders, according to S&P Global.

The Vietnamese dong (VND) faced increased pressure in late October as the free-market USD/VND exchange rate reached its highest point in 12 years, leading to a widening gap in currency value.

For a detailed analysis of the monthly foreign exchange outlook, please download the PDF available above, which includes information on the Australian dollar, New Zealand dollar, Canadian dollar, Norwegian krone, and Swedish krona.

Busan will continue to collaborate with Ho Chi Minh City and other regions in Vietnam to strengthen their partnership and enhance mutual development.

Typhoon Kalmaegi is expected to enter the East Sea on November 5, marking Vietnam's 13th storm of 2025. The typhoon may reach a peak intensity of category 14.

Thailand has upgraded its economic growth forecast for 2025 to 2.4%, an increase from the previous estimate of 2.2%. This improvement is attributed to year-end stimulus measures and strong export performance.

A tropical depression near the Philippines intensified into a storm named Kalmaegi on Saturday night. The storm is expected to enter the East Vietnam Sea next week.

A tropical disturbance originating in the Pacific Ocean is expected to move through the Philippines and into the East Vietnam Sea in the first week of November.

Heavy rains and increasing flood risks are expected across the central region from early Friday until Saturday evening. Areas from Nghệ An to the northern part of Quảng Trị Province will likely face heavy to very heavy rainfall during this period.

A new cold front arrived in northern Vietnam this morning, October 30, resulting in rain and cooler temperatures, which are expected to drop to approximately 17 degrees Celsius.

Standard Chartered Bank has increased its growth forecast for Vietnam in 2025 from 6.1 percent to 7.5 percent. Additionally, the bank has adjusted its 2026 projection from 6.2 percent to 7.2 percent.

Standard Chartered has increased its Vietnam GDP growth forecast for 2025 to 7.5%, up from the previous estimate of 6.1%. Additionally, the bank has adjusted its forecast for 2026 to 7.2% from 6.2%, following a similar revision by HSBC.