Vietnam Economic News: 25.7 - 1.8.2026
Summary of Vietnam Economic News: 25.7 - 1.8.2026
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Summary of Vietnam Economic News: 25.7 - 1.8.2026 ---
GREEN SM OFFICIALLY LAUNCHES FULLY ELECTRIC TAXI SERVICE IN DENMARK
Dow Jones Newswires – 30 July 2026
Green SM has launched its first fully electric taxi service in Copenhagen, marking its entry into the European market and advancing its international expansion after operations across Vietnam and several Asian countries. Operating a company-owned fleet of VinFast VF 6 and VF 8 electric vehicles, Green SM aims to provide safe, reliable, and sustainable urban transport while complying with Danish regulations and maintaining consistent service quality through direct fleet management and driver training. The company is positioning itself as a long-term mobility partner by adapting to local market needs rather than pursuing rapid expansion, with Copenhagen chosen for its leadership in sustainable transport. Green SM currently operates in Vietnam, Laos, Indonesia, the Philippines, India, and Kazakhstan, reflecting its growing global footprint.
ASCOTT ACCELERATES VIETNAM EXPANSION WITH NINE SIGNINGS IN 1H 2026, GROWING PORTFOLIO BY OVER 30%
Dow Jones Newswires – 30 July 2026
Ascott signed management agreements for nine new properties totalling more than 3,200 units in Vietnam during the first half of 2026, expanding its portfolio by over 30% to around 12,000 units across 42 operational and pipeline properties in 14 cities, making Vietnam its third-largest pipeline market in Asia. The expansion reflects strong confidence in Vietnam's rapidly growing tourism and business travel sectors, with new developments spanning key urban, coastal, and emerging destinations including Hanoi, Ho Chi Minh City, Hai Phong, Phu Quoc, Da Nang, and Quy Nhon. The signings introduce The Crest Collection to northern Vietnam, deepen Ascott's partnership with Sun Group, and strengthen its presence across multiple brands, while reinforcing its asset-light growth strategy focused on extended stays, leisure, and luxury hospitality. The new properties are scheduled to open progressively from 2027–2028 as Ascott continues to capitalise on Vietnam's expanding travel infrastructure and economic growth.
VIETNAM, US STEP UP COOPERATION AGAINST ILLEGAL TRANSSHIPMENT, TRADE FRAUD
Reuters News – 30 July 2026
U.S. and Vietnamese officials this week launched a five-day workshop in Hanoi to strengthen cooperation in combating illegal transshipment, trade fraud, and origin fraud through enhanced investigation techniques and information sharing between customs authorities. The initiative comes amid heightened U.S. scrutiny of Vietnam over allegations that it facilitates the transshipment of Chinese goods to the United States. U.S. Customs and Border Protection experts are sharing trade enforcement and production verification practices to improve collaboration with Vietnam Customs and the Ministry of Industry and Trade. The workshop also takes place against a backdrop of broader trade tensions, including the recent U.S. imposition of a 12.5% tariff on certain Vietnamese imports under a forced labour investigation—which Vietnam rejects—and ongoing U.S. investigations into Vietnam over alleged industrial overcapacity and intellectual property violations.