Business

The initiative aimed at reducing air pollution and accelerating the transition to green transport.

The figure is equal to other countries in Asia (Japan 99 per cent, South Korea 100 per cent, China 73.37 per cent, Malaysia 98.13 per cent, the Philippines 93.62 per cent and Thailand 88 per cent).

At the event, a direct flight route between Ho Chi Minh City and Colombo was officially launched by Vietnam Airlines that is expected to commence operations in August 2026.

The projects will be developed through agreements on land-use rights transfers or on land already under legal use rights.

The newly-launched Ho Chi Minh City Venture Capital Fund is expected to attract private capital and support innovation and technology startups within the ecosystem in various ways.

The event took place as part of the State visit to Sri Lanka by Vietnam’s Party General Secretary and President To Lam.