Business

Dragon fruit prices in Lam Dong Province have plunged to as low as VND 800 (USD 0.03) per kg from VND 30,000 early in the season, leaving some farmers unable to cover harvesting costs.

Some foreign banks have recently rolled out promotions offering high interest rates, with some paying up to 8.6 per cent a year for six-month deposits.

Vietnam's aviation authority has proposed adjustments to the development plan for Phu Quoc International Airport, including expanded aircraft parking and infrastructure upgrades ahead of APEC 2027.

Airfares for the 2027 Lunar New Year holiday have risen by 10-20 per cent on many domestic routes, although expanding airline capacity could ease prices closer to the holiday period.

Ca Mau Province has approved a VND 818 billion (USD 31.2 million) solar power plant with battery storage, with operations expected to begin in March 2028.

India's decision to allow imports of fresh Vietnamese durian could create new export opportunities and help the industry target annual export revenue of up to USD 5 billion.

HCM City plans to start construction of three metro lines worth more than VND 260 trillion (USD 9.9 billion) in the fourth quarter.

Nearly 300 hectares of pineapple fields in Thanh Hoa Province have been flooded after days of heavy rain, putting farmers at risk of losses exceeding VND 80 billion (USD 3 million).

Vietnam posted a record trade deficit of USD 23.51 billion in the first nine months, driven largely by imports linked to investment and production expansion.

A drone delivery service has been launched in Dien Bien Province to carry farm produce from remote farming areas to collection points, helping overcome transport challenges in the mountainous region.

The first freight train has passed safely through the VND 2 trillion (USD 76.34 million) Khe Net railway tunnel in Quang Tri Province, cutting travel time through the mountain pass by half.

HCM City has proposed waiving charges for underground space use to a depth of 15 metres within land plots, with lower rates for deeper construction to ease costs for investors.

Vietnam has become the United States' fifth-largest trading partner, climbing five places from a year earlier as bilateral trade continues to expand.

Mountain rats have damaged nearly 8,500 Ngoc Linh ginseng plants in Quang Ngai Province, causing estimated losses of VND 3-4 billion (USD 115,000-153,000).

Construction of the Cat Lai Bridge, an eight-lane link between Ho Chi Minh City and Dong Nai, is expected to begin in late September 2026.

A 114-kilometre railway linking My Thuy with the Lao Bao border area in central Quang Tri Province is under study, with investment planned after 2030 under the national railway development plan.

Vietnam has approved a new plan to improve access to bank financing, with a particular focus on small and medium-sized enterprises (SMEs).

Vietnam-Japan trade could reach nearly USD 60 billion in 2026 if current growth momentum is maintained, according to Japanese ambassador Ito Naoki.

Several prime land plots in central Hue have been put up for auction for commercial and hospitality projects, but investor interest has remained limited.