Business

Danang City has approved a VND 580 billion (USD 22.1 million) support package to encourage investment in social housing projects as the city seeks to ease housing shortages.

A new social housing project in Hanoi will offer apartments priced from about VND 1.1 billion (USD 42,000), with applications opening later this year.

Lam Dong Province has approved a master plan for a nearly 32,000-hectare coastal tourism hub in Hoa Thang Commune, planned as a new growth centre.

Vietnam imported an estimated 185,000-195,000 tonnes of chicken in the first half of the year, with the United States accounting for nearly 62 per cent of total shipments.

Hanoi has allocated more than 1.5 million square metres of land in Thu Lam Commune for the first phase of a mixed-use urban development.

India has approved imports of fresh Vietnamese durian, giving exporters access to a market of more than 1.4 billion people as Vietnam seeks to diversify its agricultural exports.

Ho Chi Minh City plans to expand its priority metro network to 255 kilometres by 2030 after proposing two additional lines worth a combined USD 7.53 billion.

Vietnam increased retail fuel prices on July 30, marking the third consecutive rise, while authorities moved to ease concerns over temporary diesel supply disruptions.

Hanoi has published plans for 19 additional social housing developments, including a 53-hectare project in Dan Phuong, the largest proposed in the latest review.

Vietnamese authorities have terminated the long-delayed Sheraton Phu Quoc Resort project after the developer failed to complete the five-star development more than a decade after approval.

Bamboo Airways is operating just three aircraft, while Vietjet Air remains Vietnam's largest airline by fleet size, according to aviation data.

Tay Ninh Province has proposed a VND 2.595 trillion (US$99 million) road project to connect HCM City's Ring Road 4 with Provincial Road 830, creating a key transport corridor in southern Vietnam.

Hanoi will host the Annual Capital Economic Forum 2026 to strengthen government-business dialogue and accelerate AI and digital transformation among small and medium-sized enterprises.

Sun PhuQuoc Airways will launch direct flights between Cam Ranh in Khanh Hoa Province and Dong Hoi in Quang Tri Province on August 16, operating three round trips a week.

More than 400 companies from 15 countries and territories will take part in a series of international sports and cycling exhibitions in Ho Chi Minh City next month.

Airports Corporation of Vietnam (ACV) plans to invest nearly VND 12 trillion (USD 457 million) in three major projects to expand Cam Ranh International Airport in the central province of Khanh Hoa.

Authorities in Ha Tinh Province have approved a detailed development plan for a proposed VND79.99 trillion (US$3.1 billion) steel project.

Vietnam's overnight interbank interest rate has fallen to 2.5 per cent, its lowest level this year, as the central bank continues to absorb excess liquidity from the banking system.

Vietnam's state oil explorer has announced a new offshore oil and gas discovery and plans to drill seven more exploration wells by the end of the year to expand reserves.