Business

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.

Vietnam is emerging as a strategic destination for Japanese investment as supply chains shift, officials and experts said at a recent forum in Hanoi.

Prime Minister Le Minh Hung met a delegation of 52 leading US companies on April 16, highlighting Vietnam’s push to expand investment and deepen economic cooperation.

Quang Ninh has signed a partnership with a US maritime institute to develop the Con Ong-Hon Net port complex as a green, smart hub, expected to drive new growth in northern Vietnam.

A delegation of 52 major US corporations visiting Vietnam signals a potential surge in billion dollar investments, reflecting growing confidence in the country’s long-term economic prospects.

Volatile Jet A1 fuel prices are driving up operating costs for Vietnam’s airlines, forcing carriers to balance rising expenses with fare stability amid ongoing supply risks.

Vietnam has reduced oil prices by up to VND 2,280 per litre from April 16, while petrol prices edged higher in the latest fuel price adjustment.