Business

Vietnam has unveiled its first competitiveness rankings for 34 provinces and cities, highlighting signs of private sector recovery while warning of major structural weaknesses facing businesses.

The Department for Roads of Vietnam has proposed three new expressways spanning more than 850 km to improve links between northern border provinces, the Central Highlands and the south-central coast.

Construction of Long Thanh Airport is facing a labour shortage, with the workforce meeting only around 60 per cent of demand as authorities race to complete key packages by the end of the year.

The US has imposed preliminary anti-dumping duties of 6.76 per cent to 10.76 per cent on two Vietnamese shrimp exporters, while 27 other companies face a rate of 7.56 per cent.

Ho Chi Minh City authorities have seized hundreds of counterfeit luxury products during surprise inspections at Saigon Square and Ben Thanh Market.

Khanh Hoa authorities are reviewing a series of delayed tourism projects and moving to resolve or withdraw stalled developments as the province pushes to attract new investment in its tourism sector.

Customs officials at Moc Bai Border Gate have seized more than 5,000 counterfeit luxury products, including nearly 4,000 fake Rolex watches, worth nearly VND 1.28 billion (USD 48,700).

Haiphong launched and inaugurated 14 major projects on May 14, aiming to boost infrastructure, industry and logistics development across the northern port city.

Vietnam Railways will launch an online ticket exchange service from May 15, allowing passengers to change tickets directly through its electronic booking system.

Vietnam cut retail petrol and oil prices from 3 pm on May 14, following declines in global energy markets.

Apartments at Thanh Lam-Dai Thinh 2 social housing project in Hanoi are priced from VND 813 million (approximately USD 31,900), with contracts expected to be signed in November.

Electricity consumption in HCM City has reached a new record as prolonged hot and humid weather continues to drive up demand despite the start of the rainy season.

Ho Chi Minh City’s An Dong Ward has become the city’s first locality to manage temporary pavement and road use through a mobile app, with more than 90 per cent of the process automated.

Vietnam’s largest fuel distributor has officially launched E10 biofuel petrol nationwide, pricing the new product at VND 24,630 per litre from May 13.

Police in Thai Nguyen Province have arrested four people, including three taxi drivers, for allegedly using electronic devices to disable passenger-detection systems in Xanh SM taxis to pocket fares.

Vietnam’s cashew industry has lowered its 2026 export target despite double-digit growth in the first quarter, citing geopolitical conflict, rising raw material prices and surging shipping costs.