Business News

Hải Phòng City has emerged as one of Việt Nam's key logistics hubs thanks to an integrated transport network combining expressways, an international airport, a planned high-speed railway and a deep-water port capable of handling vessels of more than 200,000 deadweight tonnages (DWT) with direct connections to Europe and the Americas.

At an investment promotion conference held on July 14, Trương Văn Tiến, director of the provincial Investment, Trade and Tourism Promotion Centre highlighted the strategic advantages of the Vân Phong deep-water port and Cà Ná port, saying the facilities would underpin the development of port services, logistics, shipbuilding, energy and other marine-based industries.

Strong industrial output, rising investment and robust trade propelled Hung Yen into Vietnam's top five fastest-growing localities in the first half of 2026, reinforcing confidence in the province's double-digit growth outlook. Accordingly, the Northern province posted regional GDP growth of 10.7 per cent in the first half (H1) of 2026, outperforming its growth target and ranking among Vietnam's five fastest-growing localities.

Vietnam disbursed $2.3 billion for key transport infrastructure projects in the first half of 2026, but sluggish spending on two flagship railway projects continued to weigh on overall public investment progress. According to the Ministry of Finance (MoF), the Ministry of Construction (MoC) and local authorities allocated approximately $9.8 billion in state budget investment for major transport infrastructure projects in 2026, accounting for around 22 per cent of the country's total public investment plan.

Eight major infrastructure projects with a combined investment of more than VND253 trillion ($9.7 billion) have broken ground in Ho Chi Minh City. The groundbreaking took place on July 1 to mark the 50th anniversary of the city being officially renamed Ho Chi Minh City on July 2, 1976. The projects, excluding social housing developments, draw on funding from public investment, public-private partnerships (PPPs), and direct private capital.

As Việt Nam looks to tap the potential of its marine economy, logistics is increasingly emerging as a key driver of growth for coastal regions. According to the Ministry of Agriculture and Environment, the marine economy currently contributes around 50 per cent of the country's gross regional domestic product (GRDP), with many coastal localities ranking among the nation's top performers in terms of income per capita.

Import-export turnover through border gates in the northern province of Lào Cai rose by more than 60 per cent year-on-year in the first half of 2026, driven by a sharp increase in agricultural exports, particularly durian. Export value reached US$636 million during the six-month period, up 62 per cent from a year earlier and accounting for more than half of the province's total border trade. Agricultural products remained the dominant export category, making up over 90 per cent of outbound shipments.

Industrial developer Becamex IDC on Friday broke ground on four social housing projects in HCM City, adding more than 6,200 apartments as Việt Nam's largest metropolis aims to tackle a shortage of affordable housing. The four projects, comprising 6,229 apartments, will be developed in Chánh Hiệp and Thuận Giao wards and are intended for low-income residents, industrial workers and other beneficiaries of government housing support programmes.