Business

Authorities in Nghe An Province have approved a VND 2.1 trillion (USD 82 million) industrial park project covering more than 170 hectares in the Dong Nam Economic Zone.

HCM City has proposed a VND 29.3 trillion (USD 1.1 billion) redevelopment project that would place part of Ton Duc Thang Street underground and expand public space along the Saigon River.

A bean sprout producer in Hung Yen Province has been charged with violating food safety regulations after allegedly using a banned growth stimulant in nearly 800 kilogrammes of produce.

Hanoi will open applications for several social housing projects from late June to mid August, including apartments priced at less than VND 1 billion (approximately USD 38,000) per unit.

Vietnam has sharply reduced retail fuel prices, with petrol falling by more than VND 1,200 per litre and diesel dropping by over VND 2,300 per litre from June 18.

Halong Canfoco has resumed operations at its Haiphong factory after a five month suspension triggered by fallout from a scandal involving more than 130 tonnes of diseased pork.

Lang Son plans to prioritise border trade, logistics and import-export services as it seeks to accelerate growth and transform its economy.

Ho Chi Minh City plans to convert 17 industrial parks into smart, AI-powered hubs as part of efforts to boost economic growth to 10 per cent in 2026.

Tolls of up to VND 1,300 (USD 0.05) per kilometre will be charged on 13 sections of the North-South Expressway under a plan approved by the Ministry of Construction.

Authorities in Tay Ninh Province have proposed fully subsidising loan interest for electric bus projects to promote green public transport.

The first direct freight train from Suzhou, China, arrived in Vietnam on June 16 after a six-day journey, reducing transit times by more than 50 per cent compared with traditional sea transport.

Tay Ninh Province will organise investment promotion conferences in Belgium, the Netherlands and Germany as it seeks to attract high quality foreign investment and expand international partnerships.

Authorities in Khanh Hoa Province are investigating a floating restaurant in Nha Trang after a tourist complained of being charged nearly VND 3 million (USD 110) per kilogramme for boxfish.

The Vietnamese government has approved a nearly 195-hectare expansion of the Saigon High-Tech Park to support advanced and strategic technologies.

Hanoi plans to test a low altitude transport corridor along the Red River and Avenue 1A as part of efforts to develop drone infrastructure and the emerging low altitude economy.

Vietnam has cut or simplified more than 3,400 administrative procedures and business conditions in a drive to reduce red tape and expand decentralisation.

Bac Ninh Province has generated more than VND 2.6 trillion (USD 100 million) from lychee sales so far this season, driven by record-high prices and strong demand in both domestic and export markets.

Hanoi has proposed a VND 3.562 trillion (approximately USD 137 million) rental housing project in Viet Hung Ward, marking a new step in developing publicly funded rental homes.

Vietnam's Cai Mep Port and Haiphong Port have been ranked among the world's 20 most efficient container ports, outperforming several major regional competitors in the latest global index.