Business News

The center is positioned as one of the four core pillars of VIFC-HCMC. The initiative is intended to financialize assets and cash flows tied to Vietnam’s marine economy infrastructure. The total value of goods passing through HCMC’s port system is estimated at more than US$1 trillion a year. Despite hosting major transshipment hubs, 80-90% of financial transactions linked to these cargo flows are still conducted in Singapore and Hong Kong (China).

Vietnam and Cambodia are aiming to raise bilateral trade to US$20 billion by 2030 by promoting formal trade channels, improving logistics infrastructure, and accelerating expressway projects leading to international border gates. The strategy was discussed by government agencies and businesses from both countries at a trade promotion conference for southern Vietnam held in Dong Thap Province on May 15.

Hanoi has unveiled an ambitious long-term urban development plan targeting gross regional domestic product (GRDP) of around US$200 billion and per capita income of at least US$18,800 by 2035. Under Decision No. 2512/QD-UBND recently signed by the city government, the capital city aims to develop into a leading financial, trade and innovation hub in the Asia-Pacific region across a planned area of more than 3,359 square kilometers.

Vietnam will shift from mass foreign direct investment (FDI) attraction to a more selective approach focused on high technology, innovation and stronger links with domestic firms, Deputy Prime Minister Nguyen Van Thang said. Speaking at the Vietnam Connect Forum 2026 on May 13, the deputy prime minister emphasized that new-generation FDI should go beyond manufacturing and market expansion to help Vietnam create greater value, build new capabilities and strengthen its position in global supply chains.

The HCMC Department of Construction has proposed a list of 58 priority infrastructure projects for implementation in the 2026-2030 period to address four major urban challenges, including traffic congestion, flooding, canal-side housing upgrades, and the city’s growing demand for social housing. The largest share of the proposed projects, with 27 in total, is focused on easing traffic congestion and enhancing regional links.

Vietnam’s seafood exports rose nearly 15% year-on-year to an estimated US$3.7 billion in the first four months of this year, putting the industry on track toward its US$12 billion target for the year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The recovery was driven by major export products such as shrimp, tra fish (pangasius), squid, octopus, crab, shellfish, and other high-value seafood products, reported the Vietnam News Agency.

Crystal International Group has officially appointed TUAN LE Construction as the main contractor for the Regent Textile Vietnam Project, a landmark industrial development located in the Cam Khe Industrial Cluster, Phu Tho Province, Vietnam. With a total investment of approximately USD 180 million and a site area exceeding 16 hectares, the project is developed as a modern integrated textile manufacturing complex featuring advanced production technologies and international operational standards.

The 2026 Vietnam ESG Investor Conference, taking place 26–27 May 2026 at New World Saigon Hotel (Ho Chi Minh City), is returning for its 4th edition as one of Vietnam’s most impactful platforms connecting capital with ESG-driven opportunities. This year, the conference sharpens its focus on investment execution, positioning ESG as a strategic lens for navigating Vietnam’s next phase of growth, from value-chain upgrading and infrastructure transition to market diversification and human capital investment.