Want to be in the loop?
subscribe to
our notification
Business News
HCM CITY PLANS 7 INFRASTRUCTURE PROJECTS
Upgrading old buildings and relocating households living near canals are among the major projects that HCM City aims to carry out now and in the near future, according to city authorities.
The city recently organised a seminar that sought collaboration between investors and banks in seven so-called breakthrough programmes.
Participating banks have signed loan agreements for eight projects, worth a total of VNĐ26 trillion (US$1.1 billion) under the public–private partnership (PPP) investment mode.
The projects include a North-South road worth VNĐ18 trillion and Nguyễn Tất Thành Street worth VNĐ4.6 trillion.
Chairman of the city People’s Committee Nguyễn Thành Phong said that loans for the eight projects had created a push for future projects, as the city has a limited local budget.
More businesses are expected to invest under the PPP mode, he said.
Around 153 projects have been carried out under the PPP mode in HCM City, with total investment of VNĐ451 trillion, of which 23 projects worth a total of VNĐ71 trillion have been completed, and another 130 projects worth VNĐ380 trillion are underway.
Though the number of projects under the PPP mode only accounted for 5 per cent of the total of public-invested projects, the amount of investment was 51 times higher than total public investment during the 2011-15 period, he added.
Phạm Phú Quốc, director of the HCM City Finance and Investment State-owned Company (HFIC), said that HFIC had sponsored 152 infrastructure projects in the city, valued at a combined VNĐ25 trillion.
It has also called for VNĐ26.8 trillion of local government bonds, he added.
Upgrading old buildings
Upgrading old buildings and building new ones are part of the city’s modernisation plan.
At least 474 old buildings were built before 1975. Since the beginning of 2016, 1,592 households in four old buildings have been relocated.
The city has asked the People’s Committee to be in charge of planning upgrades of old buildings and construction of new buildings.
The committee will be in charge of making decisions on relocating residents who live near canals to other areas and upgrading infrastructure.
To effectively handle the seven “breakthrough” programmes that are key to the city’s development during the 2016-20 period, the city needs a total of VNĐ850 trillion in funds.
Sixty per cent of that total would be for anti-flooding, transport and infrastructure-related projects.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
MEMBER CORNER / PROMOTIONS
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HR / LABOUR/ EMPLOYMENT
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HR / LABOUR/ EMPLOYMENT
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
BANKING / FINANCE / INSURANCE / TAX
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
GARMENT / TEXTILE
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
Events Sponsors
