Overview of Vietnam’s economy in Q1

On February 26, Kurz Vietnam Co., Ltd., a subsidiary of Germany’s Kurz Group, broke ground on Phase 2 of its manufacturing plant at Becamex VSIP Binh Dinh Industrial Park, Gia Lai province.

Banks are launching sweeping promotions for God of Wealth Day 2026, blending tradition with competitive interest rates, gold rewards and high-value prizes to attract early-year deposits and bolster spending.

A consortium led by South Korean energy giant SK Innovation has been appointed to develop the Quynh Lap Liquefied Natural Gas (LNG) Power Project in Nghe An province, securing one of Vietnam's largest foreign-invested energy ventures to date.

The Ventures, a South Korean venture capital (VC) firm, has completed a buyout of Chicken Plus Vietnam, securing majority control through a dedicated overseas project fund.

Truong Hai Auto Corporation has inaugurated three new factories in Danang with a total investment of $70 million, expanding its presence in the mechanics and supporting industries sector.

As Vietnam accelerates its ambition to establish an international financial centre (IFC) in Ho Chi Minh City and Danang, the national discourse has understandably focused on the “hardware” of development: regulatory sandboxes, infrastructure connectivity, and tax incentives. These are the necessary foundations of any financial hub.

In practice, sequencing and prioritisation are fundamental to the successful development of an international financial centre (IFC).

Vietnam has launched an ambitious plan to establish an international financial centre (IFC) that charts its own distinct path rather than replicating existing regional hubs. The country is building its IFC around key strategic priorities: deploying capital to the real economy, serving as a platform for mid-cap growth companies, and fostering fintech innovation through regulatory sandboxes.