Business

Vietcombank and Pho Hien Industrial Development Group have signed a cooperation deal with a credit package of nearly VND 2.8 trillion to support industrial projects in Hung Yen Province.

A mining company has proposed exploring a 984 hectare site in Thai Nguyen Province for tungsten and polymetallic ore, as global demand for strategic minerals continues to rise.

Danang is studying its first urban railway, a 103km line linking two international airports, with operations targeted for 2032.

Vingroup shares hit a record high on April 22, lifting Pham Nhat Vuong’s net worth to USD 34 billion and placing him 67th among the world’s richest individuals.

Vietnam Airlines will increase flights on its Hanoi-Moscow route from July 1 to meet rising travel demand.

Surging feed prices and falling shrimp prices are pushing thousands of farmers in the Mekong Delta towards heavy losses, raising fears many may abandon their ponds.

Labour shortages and payment issues are threatening delays to Vietnam’s largest airport project, with nearly 6,000 workers still needed to meet the planned completion by year end.

Retail fuel prices in Vietnam dropped significantly on April 21, with petrol and diesel both seeing notable cuts following a joint decision by authorities.

Vietnam requires about 50 tonnes of gold annually as raw material for jewellery production, equivalent to around USD 5 billion a year, industry representatives have said.

Remittances to Ho Chi Minh City fell 17 per cent in the first quarter, as global economic pressures and geopolitical tensions weighed on overseas incomes.

Ho Chi Minh City is seeking investors for dozens of industrial park projects, including developments spanning up to 1,200 hectares, as part of its 2026 to 2030 strategy.

Deposit rates in Vietnam are easing as 30 banks have lowered interest rates, signalling a broader cooling trend and widening gaps across tenors.

Ho Chi Minh City has launched a state backed venture capital fund worth VND 500 billion (approximately USD 20 million) to boost innovation and attract private investment.

Vietnam has proposed building its first offshore airport in Khanh Hoa Province, with Van Phong Airport planned on coastal waters to boost long-term aviation capacity.

Vietnam’s aviation authority has asked China to maintain stable jet fuel supplies as Middle East tensions disrupt global oil markets and threaten airline operations.

Ho Chi Minh City has tasked a private firm with studying the expansion of Rung Sac Road and a new connecting section to support growing traffic demand in Can Gio.

Authorities in Ho Chi Minh City have fined two oil transport vessels nearly VND 160 million (approximately USD 6,400) for storing more than 10,000 litres of diesel of unknown origin.

Major Vietnamese banks are accelerating plans to raise billions of USD from international capital markets in 2026, citing competitive funding costs and expectations of a market upgrade.

Vingroup chairman Pham Nhat Vuong has climbed to 77th place among the world’s richest individuals after a sharp surge in his net worth, driven by strong gains in the group’s shares.