Business

Microsoft has confirmed layoffs in Vietnam, saying it will continue to honour its commitments in the market, but has not disclosed how many employees or roles are affected.

Hanoi is expected to gain about 495,000 sq m of office space from 18 projects by 2028, intensifying competition among buildings and putting greater emphasis on sustainability and tenant experience.

Hanoi is reviewing 250 delayed non-state-funded projects covering more than 7,000 hectares as part of efforts to unlock land resources for urban development and infrastructure investment.

Lai Chau Province has proposed a VND 51 trillion (USD 1.94 billion) expressway linking it with Lao Cai to boost connectivity and economic growth in northwestern Vietnam.

HCM City's first ceramics shopping street has seen little improvement in sales since its launch, with traders hoping to attract more customers despite fierce price competition.

From Envy apples and shine muscat grapes to red-fleshed peaches, imported fruit is becoming significantly cheaper in Vietnam as supplies increase and import tariffs fall.

Scarce land and rising development costs are pushing property prices higher, leaving homebuyers with fewer affordable apartment options in Vietnam’s two largest cities.

HCM City plans to make around 27,000 social housing units available for sale or occupancy in 2026 as it works to meet a target of more than 181,000 units by 2030.

A restaurant and café owner in Dak Lak Province has been fined VND 12.5 million (USD 475) for planting 22 trees on a public pavement without permission and damaging roadside landscaping.

The Go Global Bac Ninh 2026 forum brought together experts and businesses to explore supply-chain links and opportunities for Vietnamese companies to expand into international markets.

The Bac Ninh Semiconductor Association was officially launched on October 10, aiming to connect businesses, universities, research institutes and partners across the semiconductor ecosystem.

Vietnam’s Ong Cua ST25 rice has won second place in the World’s Best Rice 2026 competition.

Prolonged torrential rain has flooded onion fields nearing harvest on Ly Son Island in Quang Ngai Province, forcing farmers to harvest early and sell at lower prices to minimise losses.

Tay Ninh Province recorded more than USD 15.5 billion in exports in the first nine months of 2026, up 19 per cent year on year, as total trade reached an estimated USD 27 billion.

Haiphong City plans to develop 15,000 rental homes between 2026 and 2030 to meet growing demand, particularly among industrial workers and low-income residents.

Japanese agency R&I has upgraded Vietnam's foreign-currency issuer rating from BB+ to BBB-, marking the country's first entry into the investment-grade category.

Hanoi has announced plans to inaugurate or break ground on 96 projects worth a combined VND 147 trillion (USD 5.59 billion) to mark the 72nd anniversary of the capital's Liberation Day on October 10.

Quang Ngai Province has submitted a proposal to the government for a 136-km expressway linking Quang Ngai and Kon Tum, with preliminary investment estimated at VND 51.54 trillion (USD1.96 billion).

Vietnam has raised petrol prices for the sixth consecutive adjustment, while diesel prices fell after three previous increases.