Business

Ho Chi Minh City has urged contractors to speed up work on the Ben Thanh-Tham Luong metro route (Metro Line 2) to meet a 2029 completion target, a year ahead of schedule.

Phu Quoc's first light rail line is expected to begin trial operations in June 2027 before entering commercial service two months later, supporting transport for the APEC 2027 summit.

The Government has issued a decision to establish the Hung Yen High-Tech Park, a 496.1-hectare development aimed at advancing high-tech industries, strategic technologies and innovation.

Danang City has approved a VND 6.2 trillion (USD 236 million) investment to complete the remaining shared infrastructure at Lien Chieu Port.

Retail fuel prices were cut on Wednesday, ending three consecutive increases, with petrol prices falling by up to VND 660 (USD 0.025) a litre.

A long-abandoned five-star resort in Phu Quoc has been ordered demolished within four months after authorities terminated the project's investment due to years of delays.

Ninh Binh Province has approved a VND 502.2 billion (USD 19.1 million) rental housing project to replace ageing apartment blocks and expand social housing.

Can Tho City has expanded its investment pipeline to 90 projects by 2030 after adding five new projects focused on industrial infrastructure, urban development, technology and tourism.

Vietnam's merchandise trade approached USD 660 billion in the first seven months of 2026, although faster import growth pushed the country into a trade deficit of more than USD 20.5 billion.

Ninh Binh Province has asked the government to fund a VND 11.5 trillion (USD 437 million) expressway linking Liem Tuyen Ward and Dong A Ward.

Manufacturing, electronics, engineering and information technology are among the sectors with the strongest hiring demand in Ho Chi Minh City, according to local authorities.

Lam Dong Province has asked the Airports Corporation of Vietnam (ACV) to fund the construction of a new passenger terminal and a cargo terminal at Lien Khuong International Airport in 2027.

Vietnam's ethanol producers are urging stronger policy support, warning that imported ethanol and unstable demand could undermine supplies for the planned expansion of E10 biofuel.

Several support facilities at Long Thanh International Airport are unlikely to be completed by the end of 2026, raising concerns over the project's operational readiness.

HCM City attracted more than USD 9.8 billion in foreign direct investment (FDI) in the first seven months of 2026, up 44.5 per cent on-year and putting it close to its USD 11 billion full-year target.

Hanoi plans to replace a five-storey apartment block near the Old Quarter with a 21-storey residential tower as part of a wider programme to redevelop ageing housing.

Vietnam recorded more than USD 38 billion in registered foreign direct investment in the first seven months of 2026, up 58 per cent from a year earlier.

Many farming families in villages across Daklak Province have transformed their lives and achieved greater prosperity thanks to durian cultivation.

Vietnam's consumer price index (CPI) fell 0.12 per cent in July compared with the previous month, although it remained 4.45 per cent higher than a year earlier.