Business

Ho Chi Minh City has launched an international tender for a mixed-use urban development worth more than USD 1 billion, planned to span 109 hectares and operate for 50 years.

A severe heatwave across northern Vietnam has pushed national electricity demand to a new record, with peak power consumption reaching 58,456MW on June 24.

Pacific Airlines has accumulated losses of more than VND 10.6 trillion (approximately USD 410 million), as parent company Vietnam Airlines prepares a plan to divest its entire stake in the carrier.

Gia Lai Province has approved investors for two large-scale floating solar power projects, marking the first deployment of solar installations on reservoir waters in the province.

Vietravel Airlines plans to open new routes to Shenzhen and Macau, China, this year after adding another Airbus A321 to support its fleet expansion and growing international operations.

Dong Nai will begin construction of several key transport projects, including a road through the Ma Da forest area, to strengthen links with Long Thanh Airport and the wider Southeast region.

Tay Ninh awarded an investment registration certificate for a dairy plant worth more than USD 100 million during an investment promotion conference held in Belgium.

The development of Vietnam's International Financial Centre is expected to drive a new wave of office supply in Ho Chi Minh City, with growing demand for premium and green-certified workspaces.

Eighty-five per cent of Vietnamese businesses remain optimistic about the economy, according to a new survey by Singapore's UOB.

A VND 380 billion (approximately USD 14.5 million) riverside redevelopment project in Quang Ngai is set to create a new tourism landmark along the Tra Khuc River.

A bus route linking HCM City and Vung Tau has been excluded from a free-fare scheme after being classified as an inter-provincial service.

Vietnam's tea export market is undergoing a notable shift, with shipments to China declining while demand from the United States and Russia continues to grow.

Dong Nai City plans to complete nine social housing projects by the end of 2026 and is preparing nearly 20 more developments that would add around 27,000 apartments.

Hanoi plans to simultaneously begin construction of five major metro lines on June 22, with total investment exceeding VND 1.3 quadrillion (approximately USD 49.7 billion).

Social and rental housing development is accelerating across Vietnam as local authorities and developers launch new projects to meet rising demand from low-income households and industrial workers.

Vietnam aims to establish at least 10 strategic technology companies generating more than USD 1 billion annually as part of its digital transformation ambitions.

Police in Ho Chi Minh City have busted a large-scale counterfeit Crocs operation, seizing nearly 10,000 pairs of fake sandals and prosecuting two suspects

Ho Chi Minh City will exempt more than 94,000 businesses from port infrastructure fees for three years, aiming to cut logistics costs despite a projected USD 276 million loss in budget revenue.

Japan attracted nearly 28,500 Vietnamese workers in the first six months of the year, accounting for 43 per cent of all overseas labour placements from Vietnam.