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Edition of Saturday, 31 October 2026English edition
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The Geopolitician

Country risk, from the local press

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.

· · 7 articles read

The picture Improving How this is judged →

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

Flare-up watch: Calm (−0.3) · How this is judged → · All Vietnam briefings →

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

Sources in this briefing

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

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