Vietnam · Country watch

Fuel Tax Cut, Vingroup's Profit Surge

Vietnam cuts fuel tax to zero, boosting logistics; Vingroup reports record profit, enhancing real estate sector.

Florent Kalfon · 31 October 2026 · 7 articles read

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Business conditions in Vietnam are improving with a fuel tax cut reducing logistics costs and Vingroup's strong profit boosting the real estate sector.

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In this briefing Vietnam · Vietnam Ministry of Finance · Pham Nhat Vuong · Vingroup · Mekong Delta · Nguyen Van Thang

Regulation

Energy
Logistics

Vietnam cuts fuel tax to zero until March 2027

Vietnam's government has reduced the special consumption tax on gasoline to 0% from 1 November 2026 until 31 March 2027, according to Thanh Nien Kinh tế. The tax cut applies to all types of gasoline, reducing from 8% for E5 and 7% for E10. This measure aims to lower fuel costs and support economic activities.

Impact Logistics and transportation companies benefit from reduced fuel costs, enhancing operational efficiency.

Sources: Thanh Nien Kinh tế ↗, Dan Tri Kinh doanh ↗

Companies

Retail

Vingroup posts $1B quarterly profit, driven by real estate

Vingroup, led by Southeast Asia’s richest man Pham Nhat Vuong, reported a pretax profit of nearly VND29.94 trillion (US$1.1 billion) in Q3 2026, according to VnExpress International Business. This marks a 7.4-fold increase year-on-year, primarily driven by robust real estate sales. The conglomerate's performance highlights its significant role in Vietnam's economic landscape.

Impact Real estate investors and stakeholders in Vingroup benefit from the company's strong financial performance.

Sources: VnExpress International Business ↗

Markets

Agriculture

Vietnam's rice export prices rise by $30/ton

Vietnam's rice export prices surged by $30 per ton in the past week, reaching their highest level in nearly two years, according to Dan Tri Kinh doanh. This price increase has also lifted rice prices in the Mekong Delta, which had been under pressure from declining prices.

Impact Rice exporters and farmers in the Mekong Delta see increased revenue from higher export prices.

Sources: Dan Tri Kinh doanh ↗

Politics

Public sector

Vietnam government targets 12.5% GDP growth in Q4

Vietnam's government is implementing measures to boost growth and control inflation, aiming for a 12.5% GDP expansion in Q4 to meet the annual target of 10%, VietnamPlus reports. Deputy PM Nguyen Van Thang acknowledged the challenge but emphasized the economy's potential for growth.

Impact Public-sector planners and policymakers focus on achieving ambitious growth targets to bolster economic stability.

Sources: VietnamPlus ↗

Nothing significant reported today in Disruption · Internal tension · Safety & health · Trade.

Also today in the local press

Thu nhập người Việt đang tăng lên — Thanh Nien Kinh tế
Cao Bằng to host international seminar on cross-border economy, trade — Vietnam News Economy
Vàng mất 30% từ đỉnh, bitcoin bốc hơi 39%: Điều gì đang xảy ra? — Dan Tri Kinh doanh
Technology opens global markets to Vietnamese goods — VietnamPlus
Thai Nguyen seeks to strengthen global tea industry connections — VietnamPlus
Vietnam, China seek deeper ties in global supply chains — VnExpress International Business
Foreign ship crew member brought ashore for emergency medical treatment — VietnamPlus
NA deputies call for lower business costs to achieve double-digit growth — Vietnam News Economy

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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