Vietnam

TikTok has invested $125 million in Ho Chi Minh City, the southern economic hub of Vietnam, the municipal Department of Finance said on Thursday.

The owner of a tourism vessel in Cat Ba, a popular tourism island in northern Vietnam, was recently given an administrative fine of VND70 million ($2,658) for illegally providing Starlink satellite Internet service to tourists.

The Department of Construction in Vietnam's Hanoi capital has urged couriers and ride-hailing services, including Singapore-headquartered Grab, to build plans to utilize green vehicles, such as electric vehicles (EV).

Vietnam's establishment of state funds for venture capital, such as Hanoi with a VND600-billion ($22.8 million) venture capital fund and Ho Chi Minh City with a VND500-billion, can help boost private venture capital in Vietnam, according to experts.

Vietnam applies a 0.1% personal income tax on the value of each digital asset transaction, according to the Ministry of Finance’s Circular 32/2026.

Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.

StarMason JSC, a joint venture between Singapore's Sembcorp Development and Vietnam's BB Holdings, has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data center campus in Saigon Hi-Tech Park (SHTP), Ho Chi Minh City.

Taiwan's Hon Hai Precision (Foxconn), a global electronic manufacturer known for making Apple, Sony, and Xiaomi products, has poured an additional $287.1 million in its Vietnam-based wholly-owned unit Fulian Precision Technology Component.

South Korea's LS Eco Energy, under South Korea's giant LS Cable & System, in a cooperation with Australia's Lynas Rare Earth, will build a rare earth metal factory in Vietnam, the Australian firm announced Thursday.

Binance, among the largest cryptocurrency exchanges in the world, is recruiting a General Manager for its office in Vietnam.