Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM, CHINA INK SEVEN TRANSPORT COOPERATION DEALS

China’s Party General Secretary and President Xi Jinping (R) and Vietnam's Party General Secretary To Lam (2nd R) view the signed cooperation documents between Vietnam and China during Xi’s April 14-15 state visit to Hanoi – PHOTO: VNA
HCMC — Vietnam and China have signed seven cooperation documents to strengthen ties in railway and road infrastructure development, according to Vietnam’s Ministry of Construction.
The agreements were signed during General Secretary of the Communist Party of China and President of China Xi Jinping’s April 14-15 state visit to Vietnam. Minister of Construction Tran Hong Minh signed the documents on behalf of the Government.
Four of the seven agreements relate to railway development. These include a memorandum of understanding to establish a joint committee for Vietnam–China railway cooperation and technical support from China for feasibility studies and planning of several standard-gauge rail lines, including Lao Cai–Hanoi–Haiphong, Dong Dang–Hanoi, and Mong Cai–Ha Long–Haiphong.
The ministry said these documents aim to speed up project preparation and align with both governments’ goal of improving rail connectivity.
Three agreements concern road infrastructure. They include an intergovernmental agreement on building cross-border transport facilities at the Thanh Thuy–Tianbao international border gate, a protocol to streamline customs procedures at the same location, and a memorandum on technical cooperation in road construction and management.
The ministry said the road agreements will support projects in Vietnam’s Ha Giang Province and China’s Yunnan Province and promote trade and mobility across the border.
Source: The Saigon Times
Related News
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.
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.
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.
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.
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.
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.






















