VnEconomy - Vietnam Economic Times

Public feedback on Hanoi’s revised Red River urban master plan to be sought

Tue, 08 Sep 2026 00:00:00 GMT

The revised Red River Urban Zone Master Plan covers a river corridor of approximately 40 km, stretching from Hong Ha Bridge to Me So Bridge.

Hanoi authorities on September 7 began collecting public feedback on the comprehensive adjustment to the capital city’s Red River Urban Zone Master Plan with an aim to improve planning quality and build consensus among local residents, according to a report by the Government News.

The consultation is designed to establish an open, transparent and two-way dialogue between the authorities and the people, enabling affected households to voice their concerns, aspirations and recommendations while facilitating timely responses from relevant agencies.

The consultation will be conducted in two stages, covering the planning formulation and appraisal processes.

The consultation will directly involve 16 wards and communes within the planning boundary, namely Thuong Cat, Dong Ngac, Phu Thuong, Hong Ha, Bo De, Long Bien, Linh Nam, O Dien, Me Linh, Thien Loc, Vinh Thanh, Dong Anh, Bat Trang, Thanh Tri, Nam Phu and Hong Van.

Eight neighboring wards and communes within the zone of influence will also participate, including Tay Ho, Hoan Kiem, Cua Nam, Hai Ba Trung, Vinh Tuy, Vinh Hung, Yen So and Yen Lang.

Government agencies and local organizations in these areas will have 15 days from the receipt of the planning documents to submit their written comments.

For communities directly affected by the planning, relevant documents and feedback forms will be publicly displayed at the headquarters of ward and commune-level People's Committees or community centers. The documents and electronic feedback forms will also be made available on the websites of the Hanoi Department of Construction, the Hanoi Urban Planning Institute and local government portals.

To facilitate public participation, the Department of Construction will organize hybrid consultation meetings, combining in-person discussions at the Hanoi People's Committee headquarters with online connections to local venues. The meetings are scheduled for September 11, 17 and 25.

During the appraisal stage, State management agencies will be required to submit written comments within 10 days of receiving the dossier, while organizations and independent experts will have 15 days to provide feedback.

Following the consultation process, the Department of Construction will convene an Appraisal Council in accordance with regulations to assess the planning adjustment.

According to the Hanoi People's Committee, the adjustment to the Red River Urban Zone Master Plan covers a river corridor of approximately 40 km, stretching from Hong Ha Bridge to Me So Bridge.

The planning area covers about 11,418 hectares across 16 wards and communes, with a current population of more than 279,500 and 123 historical and cultural heritage sites.

Agricultural land accounts for around 50 percent of the total area, or 5,741 hectares, while residential land accounts for approximately 10 percent, equivalent to 1,102 hectares.

Under the proposed adjustment, the population of the entire planning area is expected to reach approximately 800,000-1.2 million people.

The plan sets an average residential land allocation of 55 sq.m. per person, while land for residential units is projected at 15 sq.m. per person.

The public consultation is expected to help improve the quality and feasibility of the master plan, while ensuring that the interests and legitimate aspirations of residents are taken into account in the development of the Red River urban area.

-Khanh Van

Thanh Hoa grants investment and credit packages worth $497m.

Fri, 04 Sep 2026 07:10:00 GMT

Among the projects are three industrial clusters — Tho Ngoc, Van Du II and Hoang Quy — with combined investment of nearly VND1.2 trillion.

Central Thanh Hoa Province has granted investment, land, business registration and credit documents to 27 organisations, businesses and investors, with total registered investment capital and credit limits reaching VND13.099 trillion (about $497 million), at the province’s recent 2026 business dialogue conference.

Among the projects presented at the event were three industrial clusters — Tho Ngoc, Van Du II and Hoang Quy — with combined investment of nearly VND1.2 trillion. The clusters are expected to expand industrial production space, create favourable conditions for attracting businesses and support industrial development in the respective localities.

Thanh Hoa also granted in-principle investment approvals for 10 projects, including several large-scale developments in the Nghi Son Economic Zone and other areas across the province.

In addition, three Investment Registration Certificates were awarded for projects involving the production of footwear, printing ink, prestressed centrifugal concrete and high-quality concrete components.

A notable highlight of the conference was the launch of Thanh Hoa Venture Capital Fund Joint Stock Company and Thanh Hoa Innovation Centre Joint Stock Company. The establishment of the two campanies is considered a new step in the province’s efforts to build an innovation ecosystem, support start-ups, promote digital transformation and make science and technology a key driver of economic growth.

-Nguyen Thuan

PM urges for efforts to achieve 2026 growth target

Fri, 04 Sep 2026 01:30:00 GMT

Focus to be put on removing bottlenecks, unlocking resources, maintaining macroeconomic stability and promoting growth.

Prime Minister Le Minh Hung has instructed ministries, agencies and localities to focus on removing bottlenecks, unlocking resources, maintaining macroeconomic stability and promoting growth, with the strongest possible determination to achieve Vietnam’s economic targets for 2026.

The PM made the request while chairing the Government’s regular meeting for August 2026 on September 3. The meeting reviewed the country’s socio-economic performance in August and the first eight months of the year, public investment disbursement, implementation of national target programs, the 2026 socio-economic development plan, preparations for the 2027 plan and key tasks for the coming period.

To maintain macroeconomic stability and support growth, ministries, agencies and localities were told to regularly review and update monthly and quarterly growth scenarios and proactively identify bottlenecks, particularly in sectors and localities with strong growth potential.

The Government will remain committed to controlling inflation and proactively managing prices of essential goods and services, while strengthening market and price management and strictly dealing with unreasonable price increases and profiteering.

The Ministry of Finance was asked to continue implementing tax, fee and charge exemption, reduction and extension policies to support businesses and residents.

The State Bank of Vietnam was instructed to operate its monetary policy proactively and flexibly, closely coordinate it with fiscal and other macroeconomic policies, channel credit towards priority sectors and key projects, and tighten lending to potentially risky areas. It was also asked to maintain liquidity stability and strive to reduce lending rates.

The Prime Minister called for comprehensive measures to boost exports, control the trade deficit and maintain balanced trade in support of the target of double-digit economic growth.

He also urged faster removal of digital transformation bottlenecks, completion of strategic technology tasks and accelerated development and connectivity of national data systems.

-Ha Le

Construction of 963-unit social housing project kicks off in Da Nang

Thu, 03 Sep 2026 09:05:00 GMT

Total investment capital estimated at VND1.3 trillion (about $49 million).

A ceremony was held on August 28 to launch the Bac Hoa Khanh Social Housing Project, commercially known as Ori Hoa Khanh, in Hoa Khanh Ward in central Da Nang city.

The project is located on Nguyen Chi Trung Street in the Hoa Son 6 resettlement area, covering approximately 1.4 hectares. It will comprise three 20-storey apartment buildings and one shared basement, providing a total of 963 apartments ranging from 40 to 70 sq.m each.

The project has an estimated total investment of VND1.3 trillion (about $49 million).

The development is expected to complete the necessary legal and administrative procedures to become eligible for sales in the first quarter of 2027. The project is expected to be put into operation in the fourth quarter of 2028.

-Ngo Anh Van

Some 17 flagship projects worth over $15 billion launched or inaugurated in Hanoi, marking 81st National Day

Mon, 31 Aug 2026 01:30:00 GMT

Of the 17 projects, 11 have been inaugurated or technically opened to traffic, with total investment of about $515 million.

Hanoi has inaugurated, put into technical operation or broken ground on 17 major projects with combined investment of approximately $15.27 billion, as part of activities marking the 81st anniversary of the August Revolution and National Day (September 2), according to a report by the Government News.

Of the 17 projects, 11 have been inaugurated or technically opened to traffic, with total investment of about $515 million. The remaining six projects have a combined investment of approximately $14.75 billion.

These projects cover key areas including transport infrastructure, railways, water supply and drainage, urban renovation and redevelopment, and the renovation and enhancement of the West Lake area.

Chairman of the Hanoi People's Committee Vu Dai Thang was quoted by the Government News as saying that the 17 projects are closely aligned with two major priorities pursued by the capital city: addressing pressing infrastructure requirements and creating new development capacity and space for Hanoi in the coming years.

Among the six projects breaking ground is Component Project 2 of Ring Road 3.5, running from Phuc La-Van Phu to the Phap Van-Cau Gie Expressway.

The project has total investment of approximately $216 million and a length of about 10.7 km. It will comprise six motor-vehicle lanes and two parallel frontage roads, running from Kien Hung Ward to the intersection with the Phap Van-Cau Gie Expressway and connecting with Ngoc Hoi Bridge. The project is scheduled for completion in 2027.

The Eastern Ring national railway section from Ngoc Hoi to Kim Son has total investment of approximately $1.07 billion. The project will build a double-track railway with a gauge of 1,435 mm. The main Thuong Tin-Kim Son section will be about 31.36 km long, with an additional branch of approximately 3 km connecting to Ngoc Hoi.

Meanwhile, the project to realign the Hanoi-Ho Chi Minh City railway between Phu Xuyen and Ngoc Hoi has total investment of approximately $478 million.

The realigned section will be about 26.5 km long, together with a roughly 3-km connection from Ngoc Hoi to the Bac Hong-Van Dien ring railway. Three new stations will be built along the realigned 1,000-mm-gauge line, including Ngoc Hoi station as a passenger hub, Thuong Tin station as a freight hub and Phu Xuyen station as a passing station.

The two railway projects are expected to improve connectivity, expand development space, strengthen links between economic corridors and enhance logistics capacity in Hanoi and the northern region.

The Vinh Hung urban renovation, upgrading and redevelopment project is among the largest in terms of investment, with total capital of approximately $7.14 billion and a study area of about 447 hectares.

Of this area, approximately 206.1 hectares will be devoted to urban renovation and redevelopment, while 240.9 hectares will be allocated to urban upgrading and improvement.

The project is one of three major non-budget-funded projects selected by Hanoi as flagship projects to be launched on the occasion of the September 2 National Day.

At the southern gateway of the capital, the multi-purpose urban development project in Binh Minh and Tam Hung communes has total investment of approximately $4.27 billion, covering about 599.6 hectares and designed for a population of approximately 105,087.

Scheduled for completion in 2030, the project is expected to provide resettlement housing and facilitate land clearance for major projects, while increasing the supply of social and commercial housing for residents of Hanoi and neighboring areas.

Another major project launched on this occasion is the renovation and enhancement of the West Lake area and development of its lakeside scenic road, with total investment of approximately $1.16 billion.

The project will be implemented under a public-private partnership through a Build-Transfer (BT) contract.

Its study area covers approximately 567.75 hectares, including 520.90 hectares of West Lake's water surface and 46.85 hectares of land.

The project includes renovation and upgrading of approximately 13.5 km of roads around West Lake, together with squares, viewing platforms, scenic bridges, boat piers, parks, flower gardens and underground parking facilities integrated with commercial services. Environmental protection infrastructure will also be developed.

Chairman Vu Dai Thang emphasized that West Lake is an area of exceptional landscape, environmental, historical and cultural value for Hanoi.

Therefore, investment in the area should be carried out in a comprehensive manner rather than focusing solely on upgrading roads or adding individual facilities.

"The goal should be to improve the lakeside environment, upgrade infrastructure and public spaces, protect the environment and better promote West Lake's distinctive values, enabling residents and visitors to more easily access, use and enjoy the area," Mr. Thang said.

According to the Hanoi People's Committee Chairman, a notable feature of the 17 projects is the large scale of private and other non-state resources mobilized for the capital's development.

The projects have combined investment of approximately $15.27 billion, including about $13.06 billion in non-budget funding, concentrated mainly in the West Lake, Vinh Hung and Binh Minh-Tam Hung projects.

For the 11 inaugurated or technically completed projects, Mr. Thang requested relevant agencies and units to put them into coordinated operation as soon as possible so that they can deliver tangible benefits to residents and contribute to the capital's development.

For the six newly launched projects, he asked relevant agencies and investors to ensure careful implementation from the outset, proactively address difficulties and obstacles, and enhance their responsibility in performing assigned tasks.

-Khanh Van

Quang Ninh breaks ground on $216mln industrial park

Fri, 28 Aug 2026 08:30:00 GMT

The industrial park is planned as a modern, integrated and environmentally friendly high-tech industrial zone.

A groundbreaking ceremony for the infrastructure development project of Green Bay Tech Industrial Park was held in northern Quang Ninh Province on August 27, marking a new step in the province’s efforts to attract high-tech and environmentally sustainable investment, on the eve of upgrading it into a centrally-governed city.

Located in Yen Tu and Uong Bi wards, the industrial park covers 435 hectares and has an estimated investment of VND5.7 trillion ($216 million). The project is developed by Green Bay Tech Industrial Park Co., Ltd., a joint venture between VL Investment Vina Co., Ltd. and Global Financial Investment Consulting JSC.

The industrial park is planned as a modern, integrated and environmentally friendly high-tech industrial zone. Its key objective is to selectively attract projects using advanced technologies, generating high added value and making efficient use of resources, thereby contributing to Quang Ninh’s sustainable development.

Situated in western Quang Ninh near Hai Phong, the project is expected to strengthen connections between Hai Phong’s seaport and logistics infrastructure and major industrial parks and economic zones in Quang Ninh.

South Korean investors said the industrial park could create new opportunities for businesses from both countries to cooperate and expand in strategic industries with strong future growth potential. These sectors include electrical and electronics manufacturing, information technology, automotive components, advanced chemical materials, green energy, logistics and modern distribution systems.

-Ngan Ha

Da Nang breaks ground on first infrastructure project in FTZ

Thu, 27 Aug 2026 23:00:00 GMT

EAGLE FTZ in the central city is expected to gradually establish a modern ecosystem for logistics, manufacturing, and international trade.

The Da Nang Free Trade Zone - Location No. 2 (EAGLE FTZ) has officially launched, marking the first concrete step in realizing Vietnam’s pilot Free Trade Zone (FTZ) model, reported the VOV online newspaper.

EAGLE FTZ is the inaugural infrastructure project within the Da Nang FTZ. Spanning 75 ha with a total investment of over VND1.568 trillion ($60 million), the project is located at the central city’s northern gateway. It boasts seamless connectivity to Lien Chieu Port, the national highway and railway systems, and the Da Nang International Airport.

According to a development plan, EAGLE FTZ is expected to gradually establish a modern ecosystem for logistics, manufacturing, and international trade.

The project emphasizes the application of digital technology and energy efficiency to generate high value per hectare. It also aims to strengthen synergies between seaports, high-tech parks, industrial zones, and both domestic and international supply chains.

Mr. Mai Cong Ho, General Director of Saigon – Da Nang Investment Corporation (SDN), stated that the company is not merely focusing on industrial real estate. Instead, it aims to build an integrated logistics-manufacturing-service ecosystem where businesses can access multiple links of the value chain in a single location.

According to Mr. Ho, the project’s competitive edge lies not only in its prime location—connecting Lien Chieu Port, National Highway 1A, the railway, the airport, and the East-West Economic Corridor—but also in its high service quality, rapid administrative procedures, transparency, and long-term commitment to investors.

Head of the Da Nang High-Tech Park and Industrial Zones Management Board, Mr. Vu Quang Hung, emphasized that the launch of EAGLE FTZ brings the FTZ policy to life, transforming opportunities into action and turning potential into a powerful resource for development.

VOV-Khanh Chi

Fully utilizing resources for national competitiveness

Wed, 26 Aug 2026 04:15:00 GMT

Energy sector institutions are increasingly the determining factor in a country’s overall competitiveness.

Against the backdrop of a global energy transition, a country’s competitive advantage is shifting from ownership of natural resources toward its ability to efficiently convert those resources into value.

Energy remains fundamental to economic growth, industrialization, national defense and security, and quality of life. But its role is being reshaped by the energy transition, net-zero targets, global supply-chain competition, and geopolitical volatility. Rapid advances in AI, large-scale data centers, and semiconductor manufacturing, together with global electrification, are also putting unprecedented pressure on energy supply and demand.

Turning resources into value

Countries must now do more than ensure sufficient energy. They must deliver competitive prices, operational flexibility, reliability, and lower emissions. For high-tech industries, reliable supply is critical. The energy transition is therefore not simply a shift from conventional to renewable sources, but a comprehensive restructuring in which oil and gas, LNG, coal, hydropower, renewables, storage, transmission, and emerging technologies must work together to ensure energy security and support sustainable growth.

For Vietnam, these demands come alongside an ambition to sustain high growth and become a high-income country by 2045. Energy demand is expected to rise sharply, while requirements for reliability and compliance with international green standards will become increasingly stringent.

Vietnam has significant potential in oil and gas, hydropower, offshore wind, and emerging energy sources. Yet these are natural advantages, not competitive advantages in themselves. Resources become economically valuable only when institutions can convert them efficiently into investment, projects, capacity, and ultimately commercial output.

If any link in this chain is delayed, potential can remain trapped in planning documents or investor expectations. The central question for energy policy is therefore whether the institutional system can convert resources and capital into reliable, competitively-priced energy within a reasonable timeframe.

In the 20th century, energy advantages were largely based on resource ownership. In the 21st century, market organization and institutional quality are becoming equally important. Singapore and Denmark have shown that countries do not need abundant natural resources to build strong economic positions when they have effective coordination mechanisms and stable policies.

Policy predictability is another important competitive advantage. Large energy projects often have lifespans of several decades and require stable pricing mechanisms and long-term contractual commitments. Legal uncertainty increases risk premiums and financing costs, which ultimately feed into energy prices. Energy policy should therefore be viewed as part of a project’s cost structure and, more broadly, the competitiveness of the economy.

Institutional gap

Energy projects in Vietnam must navigate a complex chain of administrative procedures, from planning to commercial operation. Land, environmental, construction, and bidding regulations each serve legitimate purposes. The problem arises when these systems lack coordination, creating unnecessary costs for businesses and the wider economy.

Institutional costs can be divided into five main categories. The first is compliance costs, covering the resources that businesses devote to reporting and inspections. Second is waiting costs, which arise when procedures are processed sequentially rather than in parallel or when no lead agency is responsible for overall project progress. Third is coordination costs, which emerge when projects are governed by multiple laws and agencies without sufficient alignment. The fourth is uncertainty costs, resulting from unpredictable policies and contractual conditions. These directly affect investor and lender confidence. The fifth is inconsistency costs, which arise when the same regulation is interpreted or applied differently over time.

These costs reinforce one another. Delays increase financing costs; higher financing costs raise project costs; uncertainty increases risk premiums; and inconsistent application can make decision-makers overly cautious or reluctant to exercise their authority. When these costs accumulate across projects and spread throughout the value chain, they become economy-wide spillover costs.

Such losses may not appear in any specific budget line, but they are reflected in electricity and fuel prices, logistics and production costs, export capacity, and the attractiveness of the investment environment. Institutional reform in the energy sector should therefore be viewed not simply as business facilitation but as a means of reducing costs across the economy.

A core problem is the lack of clear ownership of risk. When risks arising from policy changes or infrastructure delays remain “floating” between parties, stakeholders tend to postpone decisions or avoid responsibility.

Risk allocation is therefore fundamental to unlocking capital and accelerating implementation. Each risk should be assigned to the party best able to control it at the lowest cost. Risks related to corporate governance or technology choices should remain with investors, while risks arising from public authority or sudden policy changes require mechanisms on the government side. Requiring investors to bear risks they cannot control can make projects unfinanceable.

The petroleum sector illustrates this through geological risk. Failure to discover oil or gas is an inherent industry risk and does not constitute misconduct if the decision-making process followed appropriate professional procedures.

State-owned enterprises also carry strategic responsibilities related to energy security and national sovereignty that can extend beyond purely commercial considerations. Assigning such responsibilities without sufficient authority, financial mechanisms, or corresponding risk allocation only increases caution, prolongs decision-making, and weakens implementation.

Risk allocation is therefore not merely a contractual or financial issue. It is also a question of public authority, accountability, and policy implementation capacity.

Legal safe harbor

Persistent delays also reflect a lack of confidence among decision-makers. In many cases, the problem is not an absence of regulations but concerns that reasonable decisions made under current conditions could later face retrospective scrutiny.

A “legal safe harbor” for responsible decision-making could help address this. It should not provide unconditional immunity, but establish clear standards for distinguishing intentional misconduct from objective management risks.

A decision should fall within this safe harbor when it is made within proper authority. The process should be transparent, alternatives should be considered, and conflicts of interest should be controlled. Businesses should maintain comprehensive decision records, while regulators should establish independent appraisal mechanisms for high-risk projects.

When inspections and audits assess decisions in their historical context, officials can exercise their authority with greater confidence. This is essential to ensuring that decentralization and delegation translate into action rather than being undermined by fear of retrospective accountability.

In this context, four policy priorities are particularly important.

First, Vietnam needs greater policy continuity and predictability. The government and regulators should establish clear principles for impact assessments, transition periods, and the protection of existing rights and obligations when pricing mechanisms, investment conditions, grid connections, or contractual requirements change.

Second, strategic energy projects need coordination throughout their lifecycle. A clearly designated lead agency should oversee planning, investor selection, approvals, infrastructure and commercial operation. Procedures that can run in parallel should do so, requests for opinions should have clear deadlines, documentation requirements should be defined upfront, and differences in legal interpretation should have a clear resolution mechanism.

Third, authorities should develop risk-allocation matrices for major project categories, including oil and gas, LNG, offshore wind, transmission, storage, and emerging technologies. These should clearly define which risks belong to investors, public authorities, or insurers, or should be shared. The principles should be reflected consistently in sector-specific laws, tender documents, project contracts, pricing mechanisms, and government support arrangements, with results measured by financing capacity, negotiation times, risk premiums, final investment decisions, and project delivery.

Fourth, legal safe-harbor standards for responsible decisions should be embedded across sector-specific legislation, State capital management, corporate governance, inspection, auditing, and accountability rules. Decisions should be assessed based on the authority exercised, information available at the time, appraisal procedures, alternatives considered, conflict of interest controls, integrity, and accountability, rather than solely on the final outcome. Minimum requirements should also be established for decision records, expert consultation, and independent appraisal of high-risk decisions.

These four priorities are closely linked. Predictable policies reduce risk; effective coordination shortens timelines; clear risk allocation improves bankability; and legal safe harbors give decision-makers confidence to act. Reforming only one part of the system risks simply shifting institutional costs from one procedure or stakeholder to another.

For Vietnam, energy reform must build institutional infrastructure that creates confidence, mobilizes capital, allocates risk, and accelerates implementation. The legal framework is ultimately invisible infrastructure shaping how efficiently resources, capital, and technology become national competitive advantages.

-Lawyer Truong Anh Tu, Chairman of the TAT Law Firm

Hanoi to roll out 81 sub-zoning plans for 100-year vision

Wed, 26 Aug 2026 02:00:00 GMT

Under Plan No. 331/KH-UBND enacted on August 24, Hanoi establishes a comprehensive policy framework to prepare 81 urban and sector-specific plans, accelerating the realization of the Capital’s 100-year Master Plan.

Officially signed by Chairman of the Hanoi People’s Committee Vu Dai Thang, the roadmap outlines a synchronized schedule for citywide spatial development, with immediate priority given to completing 22 key urban sub-zoning plans.

The implementation plan provides a unified basis for municipal departments, sectoral agencies, and local ward and commune People's Committees to proactively develop action plans tailored to their designated jurisdictions and administrative domains.

Under the plan, Hanoi’s spatial planning framework encompasses five major categories: urban planning, rural planning, functional area planning, technical infrastructure planning, and underground spatial planning. The practical implementation of the capital’s overarching spatial directions will adhere strictly to a defined multi-polar structural model.

Within this framework, the central pole acts as the primary urban core. The historical inner city and its expanded areas will undergo urban restructuring based on a compact-green model, underground spatial exploitation, and Transit-Oriented Development (TOD) integrated with heritage conservation.

Meanwhile, urban areas along Ring Road 4 will form a modern outer urban belt, serving as a demographic buffer to relieve population pressure on the inner core.

A key focal area is the Red River axis, which will be operationalized through sub-zoning plans SH-1 to SH-4 extending from upstream to downstream. This zone is designated to become a central landscape spine, an ecological park system, and an iconic cultural-service center for the capital.

The Northern pole, anchored by Noi Bai International Airport, will be integrated with a free trade zone and logistics hubs to drive dynamic regional growth.

-Hoang Anh

Ministry backs early investment for Pleiku - Le Thanh Expressway

Tue, 25 Aug 2026 23:10:00 GMT

If approved by the competent authorities, the projected Pleiku - Le Thanh Expressway is expected to undergo investment preparation in 2026–2027, with construction commencing and reaching basic completion before 2030.

The Ministry of Construction (MoC) has expressed support for the early implementation of the Pleiku - Le Thanh Expressway project under the Public-Private Partnership (PPP) model, provided that the local government can secure the necessary capital to ensure the project's full execution, according to a report by the Government News.

According to the MoC, the Pleiku - Le Thanh Expressway (designated as CT.20), which connects central Gia Lai province's Pleiku ward with the Le Thanh International Border Gate in the same province, is already included in the Road Network Plan for the 2021–2030 period, with a vision toward 2050. Under this plan, the investment was originally slated to take place after 2030.

However, the planning framework also specifies that the project may be considered for earlier investment (before 2030) if the local authorities can successfully mobilize the required resources.

Previously, the Gia Lai Provincial People's Committee proposed the investment with a total length of over 54 km. The starting point will connect to the endpoint of the Quy Nhon - Pleiku Expressway, while the endpoint will intersect with National Highway 19 in the Le Thanh Border Gate area of Ia Dom Commune.

The proposed project scale includes four complete lanes, a roadbed width of 24.75 m, and a design speed of 100 km/h. The project will feature five grade-separated interchanges and one at-grade junction at the end of the route.

With this plan, the preliminary total investment is estimated at over VND17 trillion (over $650 million). The project is proposed to follow the PPP model, in which private investors would mobilize approximately 30% of the capital, while the State budget would provide 70% in support.

If approved by the competent authorities, the Pleiku - Le Thanh Expressway is expected to undergo investment preparation in 2026–2027, with construction commencing and reaching basic completion before 2030.

According to the Provincial People's Committee, once completed, the route will finalize a transport corridor connecting Central Vietnam's seaports to the Le Thanh International Border Gate.

This will enhance internal connectivity within the Central Highlands and expand links between the region and the Central Coast, as well as with Laos and Cambodia. The project is expected to create a major development driver for the western part of Gia Lai Province and the entire Central Highlands region.

Furthermore, the expressway will connect synchronously with other ongoing and upcoming expressway projects in the region, such as Quy Nhon - Pleiku, Khanh Hoa - Buon Ma Thuot, Quang Ngai - Kon Tum, Phu Yen - Dak Lak, and the North-South Expressway (Eastern segment).

Báo Chính Phủ-

Vietnam proposes streamlining access to international climate and land finance

Tue, 25 Aug 2026 08:30:00 GMT

Vietnam has proposed key international initiatives to simplify access to global climate finance, de-risk private green investments, and establish high-integrity standards for carbon markets at the 17th Session of the Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification (UNCCD), hosted by Mongolia from August 17-28.

During the Ministerial Dialogue on Innovative Financial Mechanisms for Healthy Land and Drought Resilience, held in Ulaanbaatar on August 24 in the framework of the 17th Session of the Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification (UNCCD), hosted by Mongolia from August 17-28, the Vietnamese delegation officially presented these strategic proposals to international partners.

Addressing the global threats of land degradation and severe drought on food and water security, Vietnam shared three core domestic solutions currently being deployed: payment mechanisms for forest environmental services, the development of forest carbon markets alongside green finance tools, and the promotion of public-private-community partnerships.

Based on its national experience, the Vietnamese delegation recommended three strategic priorities to scale up innovative financial mechanisms globally.

First, international climate and land finance access must be simplified, accompanied by targeted de-risking instruments to mobilize private sector capital.

Second, the global community should establish transparent, high-integrity standards for carbon markets and ecosystem services to ensure efficient resource allocation.

Third, technology transfer should be accelerated, particularly in digital land monitoring and drought early-warning systems.

Reaffirming the critical role of the UNCCD, Vietnam expressed its readiness to strengthen cooperation with the UNCCD Secretariat and member states to advance sustainable, resilient land degradation neutrality worldwide.

-Hoang Anh

HCM City builds smart city based on data management and planning

Mon, 24 Aug 2026 09:30:00 GMT

Among the nine core principles identified by the smart city project, the most notable is the order of priority: placing citizens and businesses at the center; using data as the foundation; ensuring interconnection, integration, and shared usage; guaranteeing information security and privacy.

Ho Chi Minh City is shifting its smart city development focus from isolated technological applications to data-driven governance. In this new approach, urban planning is identified as the "spatial framework" to connect data across sectors, support forecasting, and enhance the quality of decision-making.

At a recent workshop titled "Solutions for Building and Developing a Smart City in Ho Chi Minh City," Vice Chairman of the City People’s Committee, Mr. Nguyen Manh Cuong, announced that the city has issued Decision No. 4714/QD-UBND that approved the Smart City Development Project for the 2026–2030 period, with a vision toward 2045.

Among the nine core principles identified by the project, the most notable is the order of priority: placing citizens and businesses at the center; using data as the foundation; ensuring interconnection, integration, and shared usage; guaranteeing information security and privacy; implementing roadmaps consistent with available resources; and maintaining principles of openness and flexibility to avoid technology lock-in.

This mindset prioritizes data and governance capacity over technology—a distinct departure from many previous smart city projects that often began with the question of which platforms or systems to purchase.

Agreeing with this approach, Director of the Urban Development Department under the Ministry of Construction, Mr. Tran Quoc Thai, suggested that HCMC should promptly select a shortlist of high-priority urban "problems" that have a significant impact.

For each problem, the city must clearly define baseline indicators, quantitative targets, beneficiaries, input data, leading agencies, life-cycle costs, and post-investment operational mechanisms. Priority areas could include transportation and logistics; flooding, drainage, and the environment; urban planning, construction, and asset management; as well as healthcare, social welfare, and urban safety, said Mr. Thai.

"Technological solutions should only be selected or designed after the problem to be solved has been clearly defined, rather than having a technological product first and then looking for a problem to apply it to," he emphasized.

The Ministry of Construction representative also suggested that HCMC establish a pilot mechanism for testing before scaling up, noting that effective models could then be applied to other localities.

In a presentation titled "The Future of HCMC's Smart City," Deputy Director of the HCMC Department of Planning and Architecture, Mr. Duong Thao Hien, stated that the city aims to develop three core capabilities:

Sense correctly: having reliable data on urban space, infrastructure, residents, businesses, and community capacity.

Understand correctly: connecting data for analysis, simulation, and forecasting.

Act correctly: turning analytical results into coordinated decisions and actions, with designated accountability and measurable performance indicators.

To operate these three capabilities, the Department of Planning and Architecture identified four pillars: unified digital governance; a central urban data platform; continuous data management (as a routine task); and deployment based on scenarios focused on high-impact issues.

VnEconomy-Nguyet Ha

New Urban Development Law unlocks strategic investment opportunities

Mon, 24 Aug 2026 09:20:00 GMT

With the Urban Development Law passed on August 24, the overarching legislation establishes a modern legal framework designed to eliminate institutional bottlenecks in urban development...

During its ongoing first extraordinary session, the 16th National Assembly officially passed the Law on Urban Development on August 24.

With this move, the overarching legislation establishes a modern legal framework designed to eliminate institutional bottlenecks in urban development, empower municipal authorities, and create unprecedented space for high-value economic models in urban areas.

A key highlight for the international business community is the formal legal recognition of Free Trade Zones and integrated logistics hubs as specialized functional zones.

To ensure seamless cross-border commerce while maintaining robust risk management, the Governor of the State Bank of Vietnam is tasked with setting streamlined operational criteria for transaction offices of foreign bank branches within these zones, addressing foreign exchange requirements and international compliance standards.

The law also marks a major milestone in Vietnam’s ambition to establish a regional International Financial Center. By authorizing municipal councils to license investment banking services and innovative financial instruments under central regulatory oversight, the policy framework allows financial center participants to deliver advanced services to domestic entities, effectively bridging local enterprises with global capital markets.

The reform reinforces local autonomy through a decentralized administrative model, enabling key economic hubs like Ho Chi Minh City to execute tailored urban strategies and oversee Direct Power Purchase Agreements for industrial green transition.

Enhanced by flexible regulatory sandboxes and specialized customs mechanisms under parliamentary supervision, the updated law offers global investors a highly transparent, predictable, and competitive business environment across Vietnam’s rapidly evolving urban landscape

-Thanh Xuan

Da Nang Calls for Investment in 276-ha area at Free Trade Zone

Mon, 24 Aug 2026 09:07:57 GMT

This initiative is part of the city's economic development strategy, aiming to maximize the advantages of its geographical location and infrastructure.

The central city of Da Nang is actively promoting and calling for investment in a 276-hectare land plot at location number 7 within the Da Nang Free Trade Zone.

This initiative is part of the city's economic development strategy, aiming to maximize the advantages of its geographical location and infrastructure.

The Da Nang High-Tech Park and Industrial Zones Authority (DSEZA) has released detailed information about the investment project for infrastructure construction and business in this functional area.

The project is located in Hoa Vang commune, with a goal of constructing and operating infrastructure in the functional area of the Da Nang Free Trade Zone. This is a crucial part of the region's development orientation, aligning with national and local planning that has been approved.

The project covers 276 hectares, with an operational period not exceeding 70 years from the date the State decides to lease the land and change its use purpose. The current status of the land has not undergone site clearance, providing an opportunity for investors to participate from the initial stages.

Geographically, the land is bordered to the north by the existing residential area of Hoa Phu village and Ho Cau lake, to the south by the road along the Tuy Loan river, to the east by the Western Ring Road, and to the west by the hills of Phu Tuc village.

Currently, Da Nang is focusing on completing the proposal to adjust and expand the boundaries of the Free Trade Zone, while effectively exploiting the area's advantages linked to Lien Chieu seaport, Chu Lai Open Economic Zone, Chu Lai airport, and the dynamic urban areas in the southern part of the city. With continuous efforts, Da Nang is opening up many attractive investment opportunities for both domestic and international businesses.

The Da Nang Free Trade Zone is Vietnam's first special economic zone, which covered approximately 1,881 hectares and has been divided into seven non-contiguous locations. This model focuses on production, logistics, trade services, digital technology, and innovation, closely connected with the deep-water port of Lien Chieu. The main areas include a logistics center and smart warehouse logistics serving Lien Chieu port; production, trade, and service areas; and a digital technology, information technology, and innovation industrial zone.

As of now, Da Nang has approved investment policies or granted investment registration certificates for four out of the seven locations (sub-zones) of the Da Nang Free Trade Zone (FTZ).

Specifically, the locations with official investors include:

- Location number 2 (75 hectares), with Saigon - Da Nang Investment Corporation approved by the city People's Committee as the investor of the functional area infrastructure project (focusing on logistics, warehousing, and service workshops). The construction of this location is expected to officially commence on National Day, September 2, 2026;

- Location number 3 (approximately 500 hectares), with Phuong Trang Investment Corporation selected as the investor for the construction and business of the functional area infrastructure, with a total investment of nearly VND8.2 trillion (more than $313 million);

- Location number 4 (335 hectares), with Thanh Binh Phu My Corporation approved as investor of the Phu My 3 Da Nang FTZ Industrial Park project, with a total investment of nearly VND5.4 trillion (more than $205.6 million); and

- Location number 5 (approximately 90 hectares), with Ba Na Cable Car Service Corporation (part of Sun Group) selected as the investor, with a total projected investment of over VND808 billion (more than $30.85 million).

The remaining locations, including numbers 1, 6, and 7, are being promoted by the city for investment.

The Da Nang Free Trade Zone is expected to become an ideal investment destination for investors both domestical and international, contributing to sustainable economic development for the city and the country's central region.

Vietnam updates intellectual property rules for emerging technologies

Mon, 24 Aug 2026 07:20:00 GMT

Deputy Prime Minister Ho Quoc Dung has requested legal updates to align with modern tech trends. Key priorities include protecting non-traditional intellectual property (IP) assets such as big data, digital assets, blockchain, biotechnology, and semiconductors.

Under Prime Ministerial Decision 1624/QD-TTg, signed by Deputy Prime Minister Ho Quoc Dung on August 21, 2026, amending Decision 1068/QD-TTg (dated August 22, 2019) on the National IP Strategy through 2030.

The new decision emphasizes that respecting and protecting IP rights is a collective responsibility of agencies, organizations, individuals, and society. It adds a target to foster market transactions by launching a pilot program to value at least 100 IP rights from research institutes, universities, and innovative startups.

Key strategy additions focus on refining IP legislation to encourage innovation, protection, and commercialization, while balancing stakeholder interests and preventing rights abuse. Frameworks will address AI, digital assets, big data, blockchain, and online infringement across digital platforms.

The decision directs a shift toward civil remedies for IP violations, while raising administrative enforcement quality and stiffening penalties, especially for counterfeit goods.

It aims to facilitate trade, investment, and technology transfer while strictly protecting trade secrets, strategic data, and state-secret inventions. Early-warning systems for cross-border violations will be built alongside national security priorities.

Regulations on IP transactions, including capital contributions, collateral, valuation, accounting, and auditing, will be finalized. Financial and credit incentives will support the commercialization of state-funded RD.

Public IP services will be fully digitized, and automated monitoring systems will be studied for early detection of online infringement. A nationwide shared IP database will also be established to streamline oversight and enforcement.

-Ha Chi

Da Nang breaks ground on $21mln Industrial Park Expansion project

Mon, 24 Aug 2026 04:00:00 GMT

The project covering nearly 110.7 hectares within the Chu Lai Open Economic Zone.

The central Da Nang city People’s Committee on August 22 held a groundbreaking ceremony in Thang Truong Commune for the Tam Thang Industrial Park (Expansion 2) project, with total investment of VND550 billion (about $21 million).

Approved in principle in June 2025, the project covers approximately 110.7 hectares and forms part of the development space of the Tam Thang Industrial Park sub-zone within the Chu Lai Open Economic Zone.

The expansion is expected to create new space for industrial production and increase the city’s available industrial land, helping attract both domestic and foreign investment. It is also projected to generate more jobs, increase local budget revenues and boost exports.

More importantly, the project is expected to become a new growth driver for the southern part of the central city, thus contributing to the city’s target of achieving double-digit economic growth in line with central government directives and the city’s development programs.

-Ngo Anh Van

PM orders urgent review of long-delayed projects

Mon, 24 Aug 2026 01:00:00 GMT

Over 4,600 projects and land-related cases facing difficulties and unresolved obstacles as of July 31.

The Vietnamese Prime Minister has ordered ministries, central agencies and local authorities to urgently review and resolve difficulties affecting long-delayed projects nationwide.

The Prime Ministerial Directive, dated August 22, 2026, called for a comprehensive review, classification and solutions for stalled projects.

The Ministry of Finance, which serves as the standing agency of Steering Committee 751, has repeatedly asked ministries, central agencies and local authorities to update data and propose measures to address outstanding projects through the 751 system.

As of July 31, the system had recorded 4,619 projects and land-related cases facing difficulties and unresolved obstacles.

The Prime Ministerial Directive said resolving these projects is essential to unlocking resources for socio-economic development and supporting the Government’s target of achieving “double-digit” economic growth.

Provincial and municipal authorities, ministries and agencies responsible for managing or investing in the projects must urgently review, compile and classify all outstanding cases.

Provincial and municipal Party leaders, as well as heads of ministries and agencies, are required to directly oversee the process. Issues within their authority must be resolved decisively, while matters beyond their jurisdiction must be clearly identified and solutions proposed promptly.

All updates must be completed by September 15, 2026, the Directive said.

-Hà Lê

Keppel eyes property and green tech expansion in HCMC

Fri, 21 Aug 2026 08:00:00 GMT

To date, the Singaporean group has invested approximately $4 billion in Vietnam, primarily focusing on high-quality real estate projects designed to meet smart and sustainable standards.

Keppel Group, one of Singapore’s leading conglomerates, is planning to scale up its investments in real estate and green technology in Ho Chi Minh City. This move is part of the group’s broader strategy to prioritize sustainable development and high-tech applications within the Vietnamese market.

In a recent meeting with the Chairman of the City People’s Committee, Mr. Nguyen Van Duoc, CEO of Keppel’s Real Estate Division, Mr. Louis Lim, said that to date, the Group has invested approximately $4 billion in Vietnam, primarily focusing on high-quality real estate projects designed to meet smart and sustainable standards.

Keppel is currently moving forward with several major projects in HCM City, including Saigon Centre and Saigon Sports City. The group expressed its desire to expedite the progress of these developments while exploring new expansion opportunities.

Beyond real estate, Keppel is diversifying into the development of data center systems to serve the growing demand for cloud computing, Artificial Intelligence (AI), and digital services. This strategic direction aims to assist businesses in enhancing their productivity and regional competitiveness.

According to Deputy Director of the City Department of Science and Technology, Mr. Nguyen Huu Yen, HCM City is positioning itself to become a leading regional hub for innovation, technology, and the digital economy. Accordingly, the city encouraged Keppel to research and invest in next-generation data centers and to collaborate with local tech firms to pilot new business models.

Chairman Nguyen Van Duoc emphasized that HCM City is entering a new phase of growth, striving to become a Southeast Asian hub for economics, finance, science, and innovation. The city is prioritizing a shift in its growth model toward a green and digital economy, alongside smart and sustainable urban development.

Mr. Duoc affirmed that the city would create favorable conditions for Keppel to implement projects that align with the development goals of both Vietnam and HCM City. He expressed his hope that Keppel Group would continue to expand its operations, contributing significantly to the city’s green transition, digital transformation, and sustainable urban evolution.

VnEconomy-Phạm Vinh

875 social housing projects underway nationwide

Fri, 21 Aug 2026 07:10:00 GMT

Their total investment estimated at VND637.02 trillion ($24.2 billion).

Vietnam has 875 social housing projects under development to date, with a combined scale of 773,457 units and total investment of approximately VND637.02 trillion ($24.2 billion), according to the Ministry of Construction.

Of these, 289 projects have been completed, providing 197,805 units with total investment of VND162.91 trillion. Another 270 projects, comprising 270,409 units and requiring VND222.71 trillion in investment, have broken ground and are under construction.

Meanwhile, 316 projects totaling 305,243 units, with investment of VND251.94 trillion, have received approval in principle.

The ministry said the number of projects completed, under construction or approved in principle has reached 77% of the target set under the government’s plan to develop one million social housing units.

Regarding rental housing, the country currently has 205,074 rental units classified as public assets, including 13,450 social housing units.

-Thanh Xuan

Capital inflow drives expansion of HCMC’s hospitality and entertainment ecosystem

Thu, 20 Aug 2026 10:40:00 GMT

BIG Investment Group Joint Stock Company (BIG) has announced a $5 million equity investment commitment from Brookland Group Partners Limited, a global strategic private equity firm.

Brookland Group Partners Limited, headquartered in Dubai and Singapore, has deployed over $12 billion across 24 jurisdictions. The two parties officially signed their strategic cooperation agreement on August 7.

This marks BIG’s first successful international capital raise, occurring as the company prepares to transition from the UPCoM to the Ho Chi Minh City Stock Exchange (HOSE) by September 2026. This move to Vietnam’s main board will require BIG to adhere to more stringent standards regarding information disclosure, corporate governance, and free-float ratios.

The $5 million investment is structured as equity, meaning it will not incur debt on BIG’s balance sheet or dilute the ownership of existing shareholders. The investment is equivalent to approximately 38% of the group’s charter capital and is more than triple its projected 2025 after-tax profit of VND36.6 billion ($1.4 million).

This capital will serve as the primary funding source for BIG’s expansion into the hotel, FB, and entertainment sectors in central HCM City. Individual acquisitions and deals will be supported by separate funding arrangements upon completion.

In 2025, the country welcomed 21.2 million international visitors. The Government has set a target of 25 million international arrivals this year and 35 million by 2030, following a steady average growth rate of 10% per year since 2011.

The hospitality market is reflecting this momentum. Real estate consultancy JLL forecasts a sharp increase in hotel transactions this year, primarily within the 4- and 5-star segments in Hanoi and HCM City. According to JLL, foreign investors are seeking yields of 7–9% in Vietnam’s hotel assets—significantly higher than the 3–4% yields found in developed markets such as Japan and Australia.

HCM City, with a population of over 14 million, is striving to become one of Asia’s leading hubs for MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism and the "night economy," with the Saigon River serving as the central axis for nightlife development.

Local tourism authorities acknowledge that the city currently faces a shortage of high-quality venues operating after 10 pm, and lacks large-scale entertainment complexes comparable to those in Singapore and Bangkok.

VnEconomy-Linh Ngọc

Construction of waste-to-energy plant and resort commences in Nghe An province

Thu, 20 Aug 2026 10:00:00 GMT

Total investment capital of the two projects estimated at more than VND6.15 trillion ($234 million).

The Nghe An provincial People’s Committee, together with investors, broke ground on the Nghe An Waste-to-Energy Plant in Hai Loc Commune and held a technical groundbreaking ceremony for the La Brise Resort in Tan Mai Ward on August 19.

The two projects have a combined investment of more than VND6.15 trillion ($234 million).

The Nghe An Waste-to-Energy Plant is being developed by Galax JSC, a member of AMACCAO Group, with total investment exceeding VND4 trillion.

The plant will have a waste treatment capacity of 1,500 tons per day and generate 30 MW of electricity. It will apply advanced technology to process municipal solid waste, reduce landfill use and convert waste into energy.

Once completed, the facility is expected to be the largest waste-to-energy plant in central Vietnam and among the largest of its kind in the country.

Meanwhile, the La Brise Resort in Tan Mai Ward is being developed by Sunwin One-Member Co., Ltd. The project covers approximately 217.75 hectares and has total investment of VND2.15 trillion. It is scheduled for completion in the fourth quarter of 2029.

-Nguyen Thuan

Hue city invites bids for investor of $748m urban development project

Wed, 19 Aug 2026 23:20:00 GMT

The project covering approximately 150.85ha and is expected to serve around 9,780 residents, with about 2,700 housing units.

The Hue City Urban Development and Construction Investment Project Management Board has invited bids to select an investor for an urban development project in the central city.

The project covers approximately 150.85 hectares in Duong No and My Thuong wards, part of Area C of the An Van Duong New Urban Area. It is expected to serve around 9,780 residents, with about 2,700 housing units, including low-rise houses, residential and commercial units, apartments and social housing.

The project has a preliminary total investment of VND19.68 trillion ($748 million), excluding land-use fees and land rents.

The selected investor must provide at least 15% of the project's capital from equity, equivalent to about VND2.95 trillion. The remaining 85% may be raised from credit institutions and other lawful sources.

The project is expected to take no more than 144 months, or 12 years, to complete. Construction of technical infrastructure is scheduled to take no more than 48 months from the date the State hands over or leases the land.

The project will be implemented in two phases, covering 101.17 hectares and 49.68 hectares, respectively.

Tender documents have been available since August 14, with bids due by 2 pm on October 16, 2026.

-Nguyen Thuan

Primary benchmarks in real estate

Wed, 19 Aug 2026 04:00:00 GMT

Actual demand and value will be the determining factors in Vietnam’s property market as supply changes for the better.

Speaking at the launch of the Vietnam Real Estate Market Report for the second quarter and first half of 2026, Mr. Nguyen Van Dinh, Vice Chairman of the Vietnam National Real Estate Association (VNREA) and Chairman of the Vietnam Association of Realtors (VARS), said that as housing supply gradually improves the country’s property market is shifting away from speculation and short-term price expectations toward genuine housing demand and long-term value.

The market is also undergoing a necessary consolidation, he continued. Developers with strong financial resources, sizable land banks, clear legal standing, and proven execution capabilities are continuing to expand, while those with weaker fundamentals are scaling back or exiting the market. This adjustment will support a healthier, more transparent, and more sustainable market while encouraging higher product quality and stronger project delivery.

Prices remain high

Ms. Pham Thi Mien, Deputy Director of the Vietnam Real Estate Market Research Institute at the Vietnam Association of Real Estate Brokers (VARS IRE), said the housing market continued to exhibit encouraging signs of recovery in the first half of the year as supply gradually improved following the resolution of legal bottlenecks, approval of new projects, and faster implementation of large-scale developments.

However, the volume of homes actually launched remained below the number of projects eligible for sale. Many developers continued to take a cautious approach by delaying launches or extending marketing and reservation campaigns to gauge market demand, while investors became increasingly selective in allocating capital.

According to VARS IRE, nearly 34,000 new residential units were launched nationwide in the second quarter of 2026, down about 10 per cent from the previous quarter and 8 per cent from a year prior. Despite improving supply, the imbalance between supply and demand remained largely unresolved, with most new launches continuing to target the upper end of the market.

Apartments dominated new supply in the first half, accounting for around 70 per cent of all launches, while landed homes and residential land made up the remaining 30 per cent, or about 22,000 units. Within the apartment segment, high-end units represented about 45 per cent of supply, up 6 percentage points year-on-year, while luxury and ultra-luxury apartments rose to 33 per cent, up 5 percentage points. Mid-range apartments fell to just 22 per cent, down 11 percentage points from a year earlier.

VARS IRE data showed that primary housing prices remained elevated despite increasing supply. Average primary apartment prices reached about VND80 million ($3,077) per sq m in the second quarter, up 10 per cent against 2025. Prices for villas, townhouses, and shophouses increased by around 5 per cent compared with the end of last year.

Among major markets, Hanoi continued to record the highest average primary apartment price, at about VND123 million ($4,731) per sq m, little changed from the previous quarter. Da Nang maintained average primary prices of about VND91 million ($3,500) per sq m as new supply continued to focus on higher-quality developments.

Ms. Mien said rising primary housing prices were driven mainly by higher development costs, including land acquisition, financing, and construction, along with stricter quality standards that have encouraged developers to position projects in more premium segments. Meanwhile, the secondary market has entered a period of greater stability and clearer segmentation.

Within the apartment market, price adjustments have been most evident in projects that experienced significant price increases, particularly luxury developments and projects by some foreign developers entering the handover stage, when buyers are required to make final payments.

For landed houses and detached homes, prices softened in certain inner-city districts affected by planning changes or previous speculative increases. In contrast, many suburban areas, particularly in southern Vietnam, where infrastructure projects have moved into implementation, recorded price gains of around 5-10 per cent compared with the end of 2025.

Value over momentum

According to VARS IRE, approximately 23,600 successful primary market transactions were recorded nationwide during the second quarter, bringing the total for the first half of 2026 to around 48,000. Of newly-launched projects, around 19,600 units were sold during the second quarter, representing an absorption rate of roughly 58 per cent. Around 43,000 newly-launched units were sold, maintaining an average absorption rate of about 58 per cent.

Apartments remained the primary driver of market liquidity, accounting for 73 per cent of all transactions. Sales were concentrated mainly in legally-completed projects launched in 2025.

“These figures show that demand remains resilient, but capital is no longer spread evenly across the market,” Ms. Mien said. “Rather, it is clearly shifting from chasing market momentum to pursuing long-term value, with investors prioritizing projects that offer legal certainty, construction progress, operational potential, and strong liquidity.”

Overall, VARS IRE said changing buyer behavior is establishing a new framework for assessing real estate value, where product quality, living standards, infrastructure connectivity, and long-term usability have become the defining factors.

As owner-occupier demand becomes the market’s primary driver, projects offering transparent legal status, strong construction quality, practical usability, and healthy liquidity are expected to maintain a competitive advantage and support a more stable growth cycle in the years ahead.

According to the Institute, the ongoing adjustment is more than a normal market cycle. It reflects a broader restructuring of Vietnam’s property sector, with market consolidation serving as an essential step toward greater transparency, stronger fundamentals, and more sustainable development.

Looking ahead, Mr. Tran Minh Hoang, Vice Chairman of VARS, said Vietnam still has substantial room for housing market growth if infrastructure investment continues and capital markets become more developed. In addition to bank lending, he said, the market needs more medium and long-term financing channels to provide developers with sustainable funding sources.

Path to affordability

From a developer’s perspective, Mr. Nguyen Thanh Tam, Regional Director for Region 17 at Vinhomes, said buyers are increasingly seeking comprehensive living environments rather than simply purchasing a home. Future large-scale urban developments, he continued, will need to be built around integrated transport infrastructure, complete service ecosystems, high-quality living environments, and sustainable development principles.

Many industry participants also believe that genuine housing demand and medium to long-term investment will remain the market’s key growth drivers, supported by urbanization, economic expansion, and the emergence of new growth centers. Demand is expected to become increasingly selective, concentrating in suburban areas, satellite cities, and locations where infrastructure has moved from planning to actual construction.

As genuine demand becomes the market’s primary engine, participants said improving the legal framework, accelerating infrastructure development, diversifying housing supply, strengthening long-term capital markets, and enhancing urban planning quality will be critical to rebalancing supply and demand while improving housing affordability.

“The biggest challenge today remains the imbalance between housing supply and actual demand,” said Mr. Vo Huynh Tuan Kiet, Director of the Residential Project Marketing Department at CBRE Vietnam. “Satellite cities can only succeed if they are supported by synchronized transport, technical, and social infrastructure, enabling urban expansion, increasing suitable housing supply, and gradually improving home ownership opportunities.”

Mr. Nguyen Thai Binh, Vice Chairman of VARS, believes that as owner-occupier demand becomes increasingly dominant, practical usability, transparent legal status, sustainable cash flow, operational capability, and accountability across the industry will become the primary benchmarks for determining real estate value.

According to VARS, creating a healthier property market will require coordinated action from all stakeholders. Policymakers should continue improving regulations and market transparency. Developers need to deliver products that better match market demand while maintaining construction quality, project progress, and operational standards. Real estate brokers should strengthen professionalism, adopt data-driven practices, and improve advisory quality.

Ultimately, expanding housing supply that matches household affordability, improving project quality, strengthening legal certainty, accelerating infrastructure investment, and enhancing market transparency will be the key factors supporting the sustainable development of Vietnam’s real estate market in the years ahead.

-Phan Nam

Towards environmentally friendly industrial parks

Mon, 17 Aug 2026 23:30:00 GMT

A recently-released technical guideline offers direction to industrial parks on water reuse and meeting environmental protection requirements.

Industrialization, urbanization, and the impact of climate change are putting increasing pressure on water resources in Vietnam. Demand for water from the production sector, meanwhile, continues to rise, making the efficient exploitation and use of water resources an urgent requirement.

In this context, on July 28, the United Nations Development Programme (UNDP) in Vietnam, with support from the Dutch Government, together with the Institute of Environmental Science and Engineering (IESE) at the Hanoi University of Civil Engineering, and DEEP C Industrial Zones, launched the “Technical Guideline on Industrial Wastewater and Sludge Reuse under the Accelerating Circular Economy for Businesses (ACE-Biz)” project.

The technical guideline aims to help industrial park (IP) investors and businesses select appropriate technologies for water reuse, risk management, safe operations, and post-treatment water quality control to meet environmental protection requirements.

Reuse in industry

According to the technical guideline, the recycling and reuse of wastewater are regulated by the Law on Environmental Protection 2020, the Law on Water Resources 2023, and related decrees. The amended Law on Water Resources 2023 encourages water reuse projects and provides incentives to stimulate investment in water-saving technologies and practices.

In addition, the National Action Plan on Circular Economy (CE) until 2035, contained within Decision No. 222/QD-TTg dated January 23, 2025, from the Prime Minister, sets a target of treating more than 70 per cent of wastewater in river basins by 2030, encourages wastewater reuse, and includes the treatment of domestic wastewater from urban areas, residential areas, IPs, industrial clusters, concentrated production and business areas, and production and business establishments among its priority sectors. It also prioritizes investment projects, production and business facilities, products, materials, waste, and services implementing the circular economy through 2035.

Though Vietnam has a fairly solid legal framework, the reuse of treated wastewater in practice is mostly limited to the internal operations of businesses. The lack of detailed standards, technical guidelines, and specific regulations governing treated wastewater reuse in IPs and industrial clusters or between businesses, as well as mechanisms for monitoring, quality control, and risk management, has posed challenges to the exchange and trading of treated wastewater between businesses.

Accordingly, the technical guideline evaluates three scenarios for reusing treated water: supplying water for cooling systems, irrigating plants and washing roads, or treating it to a higher quality for production and partial domestic use. Each option is analyzed in terms of technical requirements, financial efficiency, environmental benefits, and health and safety, helping businesses choose the solution that best suits their needs and investment capabilities.

The study also applies a health risk assessment methodology throughout the entire chain. Experts reviewed the entire process, from technology selection and system operation to quality monitoring and distribution network management, to ensure that the treated water meets the requirements of each intended use. This minimizes risks to both people and the environment.

Recently, a pilot model for reusing treated water was implemented at the Dinh Vu Industrial Park, part of DEEP C1 in the northern port city of Hai Phong. With a capacity of 1,000 cubic meters per day, the system utilizes a portion of the water from the centralized wastewater treatment plant, which has a capacity of approximately 6,000 cubic meters per day, for advanced treatment and resupply to meet the IP’s needs. This solution contributes to reducing the need to exploit new water sources while improving the operational efficiency of the existing infrastructure system.

Removing the bottlenecks

Representing the research team, Professor Nguyen Viet Anh, Director of the Institute of Environmental Science and Engineering at the Hanoi University of Civil Engineering, said wastewater reuse in Vietnam is shifting from an internal, fragmented activity to a strategic choice for water security, pollution control, the circular economy, and enhancing supply chain competitiveness.

“Despite its feasibility, the level of application is still early and uneven,” he explained. “Industrial production and tourism services have a relatively higher adoption rate. Meanwhile, IP infrastructure, urban systems, and livestock farming face many institutional, economic, and operational barriers. The biggest barrier is not the lack of technology, but the absence of a complete operational framework.”

Similarly, Mr. Bruno Jaspaert, General Director of DEEP C Industrial Zones, believes complex legal regulations may deter businesses from investing. The lack of specific technical standards for recycled wastewater, tax policies, water allocation mechanisms, and solutions to prevent cross-contamination between recycled water and regular clean water are also issues that need attention.

Ms. Diep Thi Kim Hoan, Chief Sustainability Officer at DEEP C, said that businesses can proactively implement internal water reuse activities when environmental requirements are met. However, when treated water is transferred to another business, many new issues arise, such as determining the type of water source, the responsibilities of each party, and how environmental permits are adjusted. “Businesses are very much hoping to receive the support of regulatory agencies and international organizations to further refine the pilot model so it can be replicated in other IPs,” she said.

Given these challenges, the technical guideline provides some lessons learned from countries and territories around the world regarding wastewater reuse. The US state of California applies Title 22 for the reuse of non-potable water (irrigation, street cleaning, toilet flushing, etc.) and, by October 2024, had issued State-level regulations on recycled water for direct potable reuse (DPR) under California Title 22 and DPR 2024. Accordingly, reuse projects require approval, a multi-barrier system, and online monitoring of critical control points.

Europe, meanwhile, has implemented EU Regulation 2020/741, effective since June 2023, which sets minimum quality and monitoring requirements for agricultural irrigation and includes the 2024 application guidelines. China has adopted the GB/T “urban water reuse” standards based on intended use, in line with the “fit-for-purpose” philosophy. In Southeast Asia, Singapore has adopted NEWater technology with a multistage treatment process for industrial and indirect potable reuse (IPR), following an integrated water engineering and management model.

For Vietnam, Professor Viet Anh said integrating wastewater into a circular economy requires the simultaneous development of multiple solutions, ranging from water quality standards and technical specifications to risk management guidelines, commercial mechanisms, and clearly defined responsibilities for participating parties. “To effectively reuse water, all stakeholders must be considered, from regulatory agencies and suppliers to receiving entities and the community, to ensure safety and shared benefits,” he said.

For his part, Mr. Jaspaert believes a feasible way to expand the model is to allow IPs to self-supply standardized recycled water for uses ranging from cooling and irrigation to production. Thousands of cubic meters of water, rather than being wasted, could be used for higher-value purposes.

Mr. Ho Kien Trung, Deputy Director of the Department of Environment at the Ministry of Agriculture and Environment, said the agency will continue to coordinate with ministries, sectors, localities, and partners to research and refine guidelines and address difficulties in implementing circular economy models. “The results from the pilot program at DEEP C serve as an important reference for businesses when choosing water reuse solutions suited to their actual conditions,” he said.

-An Chi

HCMC to launch, inaugurate 16 major projects in celebration of National Day

Sun, 16 Aug 2026 01:00:00 GMT

Among the transport projects, the Thu Thiem–Long Thanh railway has the largest investment, estimated at VND134 trillion ($5.1 billion).

Ho Chi Minh City will launch or inaugurate 16 major projects and works to mark Vietnam’s National Day on September 2, including 11 groundbreaking ceremonies and five projects to be officially put into operation, according to Mr. Tran Quang Lam, Director of the municipal Department of Construction.

Among the transport projects, the Thu Thiem–Long Thanh railway has the largest investment, estimated at VND134 trillion ($5.1 billion).

The city also plans to break ground on a project to upgrade and expand National Highway 1 from Kinh Duong Vuong Street to the former Long An provincial boundary, now in Tay Ninh province. The project will be developed under a public-private partnership (PPP) in the form of a build-operate-transfer (BOT) contract, with investment of nearly VND6.7 trillion.

Another project will upgrade and expand National Highway 13 from Binh Trieu Bridge to the former Binh Duong provincial boundary, now in Ho Chi Minh City, with investment of nearly VND6.3 trillion.

Two components of Ring Road No. 4 will also be launched, with combined investment of more than VND11.8 trillion.

In housing, five projects are scheduled to break ground, including a social housing urban area in Ba Diem Commune, with investment of mỏe than VND64 trillion.

Since the beginning of 2026, HCMC has launched 14 projects with total investment of around VND466 trillion.

-Thanh Thủy

Phu Tho province breaks ground on five key projects worth $290m

Sat, 15 Aug 2026 05:20:00 GMT

The largest is Thinh Minh Industrial Park, covering nearly 430 hectares with investment of over VND4.8 trillion ($182 million).

Northern Phu Tho province on August 14 broke ground on a complex of five major projects in Thinh Minh Commune, with a combined investment of VND7.596 trillion ($290 million) and a total area of 592 hectares.

The five projects have completed all required investment, construction, land and environmental procedures and are now entering the construction phase.

The largest is Thinh Minh Industrial Park, covering nearly 430 hectares with investment of over VND4.8 trillion ($182 million). It will be developed as an eco-industrial park targeting high-tech and environmentally friendly projects.

Thinh Minh 1 Industrial Cluster covers more than 72 hectares with investment of nearly VND575 billion, providing additional industrial production space and strengthening local supply chains.

The Phu Minh Eco-Urban Area spans more than 87 hectares and has investment of nearly VND1.7 trillion, featuring green urban, commercial and service facilities.

Meanwhile, the 2.79-hectare Phu Minh social housing project will receive nearly VND400 billion, helping meet workers’ housing needs and support local workforce development.

A water supply pipeline system for Thinh Minh Commune, costing VND114.5 billion, will provide clean water for industrial production, urban development and residents.

At the ceremony, the investor consortium also signed strategic cooperation MoUs with partners in ESG, renewable energy, human resources and investment promotion, as well as with 13 pioneering investors registering to invest in the two industrial projects.

-Ngan Ha

Hon La Economic Zone attracts $6bln in registered investment

Thu, 13 Aug 2026 23:00:00 GMT

Covering around 10,000ha in central Quang Tri province, the zone is planned as a multifunctional economic hub featuring industrial parks, seaports, thermal power facilities, trade and services, and tourism.

Hon La Economic Zone in central Quang Tri province has attracted 87 investment projects with total registered capital of around VND159 trillion ($6 billion), according to the provincial Economic Zone Management Board.

Of these, 36 projects are already operational, mainly in wood and wood chip production and processing, concrete and steel components, titanium ore processing, and port cargo handling services.

In the first seven months of 2026, the provincial Economic Zone Management Board approved investment policies for four projects with combined capital of VND311 billion, while adjusting seven projects and revoking two others.

The economic zone covers around 10,000 hectares. It is planned as a multifunctional economic hub featuring industrial parks, seaports, thermal power facilities, trade and services, and tourism.

-Nguyen Thuan

HCM City adds four housing projects eligible for foreign ownership

Wed, 12 Aug 2026 10:10:00 GMT

As of August 2026, the southern city has designated 148 commercial housing projects in which foreign individuals and organizations are eligible to own residential properties.

Ho Chi Minh City authorities have announced four additional housing projects where foreign individuals and organizations are permitted to own homes.

The newly approved projects include a high-rise apartment complex in Thao Dien Ward, Lot 3-11 in Functional Area No. 3 of the Thu Thiem New Urban Area, the Phuong Viet apartment project, and the Thu Thiem Observation Tower Complex.

As of August 2026, the city has designated 148 commercial housing projects in which foreign individuals and organizations are eligible to own residential properties.

Under the 2023 Housing Law, foreigners may own homes in housing development projects as stipulated by law, except for projects located in areas requiring national defense and security protection.

Foreign individuals and organizations may purchase, lease-purchase, receive as gifts or inherit residential properties in eligible projects. However, foreign ownership is capped at 30% of the total number of apartments in a condominium building.

-Hồng Vinh

Dong Nai accelerates construction of $460 mln road network for Long Thanh airport

Wed, 12 Aug 2026 03:30:00 GMT

These three projects, with a total investment of nearly $460 million, will facilitate a transportation network linking the airport to industrial zones and seaports, while significantly boosting logistics development in the southern city.

Southern Dong Nai City is accelerating the construction and site clearance of the 770B, 769, and 773 road projects designed to finalize the connectivity network for Long Thanh International Airport.

These three projects, with a total investment of nearly VND12 trillion (approximately $460 million), will facilitate a transportation network linking the airport to industrial zones and seaports, while significantly boosting logistics development in the southern city.

Among them, Provincial Road 770B is a new route stretching over 42 km through nine communes and wards. In Phase 1, the road is being developed with six motor lanes and a width of 45.5 m.

Once completed, the route will link the city’s eastern and northeastern regions to the airport, industrial parks, the Bien Hoa–Vung Tau Expressway, National Highway 51, and the Cai Mep–Thi Vai seaport complex.

The project to upgrade and expand Road 773 spans approximately 39 km and will feature 6 to 8 lanes upon completion. Passing through six communes and wards, it serves as a key link between the southeastern areas of Dong Nai and the airport.

Meanwhile, the 30-km upgrade of Road 769 acts as an arterial route for transporting goods from northern provinces and the Central Highlands to the Long Thanh and Nhon Trach areas. It also connects directly to the northeastern gateway of Long Thanh Airport.

According to the Provincial Investment and Construction Project Management Board, as of late July 2026, more than 131 ha of land have been handed over for the Provincial Road 770B, reaching approximately 49% of the required area. Road 773 has received nearly 70 ha (over 31%), while Road 769 has seen over 56 ha handed over (over 41%).

In addition to these three routes, Dong Nai is implementing several other key traffic projects to support the airport, including: Component Project 1 of the Bien Hoa–Vung Tau Expressway; Component Project 3 of the Ho Chi Minh City Ring Road 3; and the upgrade and construction of roads 25B and 25C.

With Long Thanh International Airport scheduled to begin Phase 1 commercial operations by late 2026, Dong Nai authorities are demanding that investors and contractors accelerate construction progress. The city is also focusing on resolving land clearance bottlenecks to ensure that all connecting traffic infrastructure is completed in synchronization with the airport’s opening.

VnEconomy-Thanh Thủy

28 transit-oriented urban areas proposed along HCMC-Can Tho Railway

Tue, 11 Aug 2026 08:00:00 GMT

The proposed railway spans over 175 km, traversing Ho Chi Minh City and Tay Ninh, Dong Thap and Vinh Long provinces and Can Tho City.

To optimize land utilization and enhance investment efficiency, some 28 compact urban areas have been proposed for development under the Transit-Oriented Development (TOD) around stations along the projected Ho Chi Minh City – Can Tho railway.

This information was released by the My Thuan Project Management Board (PMB) in its preliminary research report on potential areas for TOD development—a model that integrates urban housing and commercial spaces with public transport hubs—along the planned rail corridor.

The proposed railway spans over 175 km, traversing Ho Chi Minh City and Tay Ninh, Dong Thap and Vinh Long provinces and Can Tho City in the Mekong Delta. The line is set to begin at An Binh Station (Di An, Binh Duong/HCMC border) and terminate at Can Tho Station (Can Tho City).

According to the My Thuan PMB, local authorities in the affected provinces have reached a consensus on researching TOD integration. However, several aspects require further clarification, including the specific scope of research, implementation mechanisms, infrastructure connectivity, and land exploitation strategies.

The pre-feasibility study for the HCMC – Can Tho railway is currently being finalized for submission to competent authorities for investment policy approval. In Phase 1, the project requires a total investment of over VND171 trillion (over $6.5 billion).

The plan involves constructing a 1,435 mm standard gauge line to serve both passenger and freight transport. The maximum design speed is set at 160 km/h for passenger trains and 120 km/h for freight trains.

Regarding the timeline, the National Assembly is expected to review the project's investment policy in August 2026. General technical designs and project approval are slated for completion by the first quarter of 2028, with construction beginning in the third quarter of 2028 and primary completion targeted for 2035.

To implement the project, approximately 801.5 ha of land will be reclaimed.

The My Thuan PMB has recommended utilizing public investment for the project. According to the project consultants, international experience indicates that the Public-Private Partnership (PPP) model for this type of infrastructure may not yield higher efficiency compared to direct public funding.

VnEconomy-Thiên Di

Around $11 bln proposed for capital region’s projected Ring Road 5

Sat, 08 Aug 2026 09:00:00 GMT

The proposed Ring Road 5 will span approximately 349 km, passing through seven provinces and cities.

At the first extraordinary session of the 16th National Assembly on August 6, Minister of Construction Tran Hong Minh, authorized by the Prime Minister, presented a proposal from the Government for an investment policy for a project to construct the Hanoi Capital Region’s Ring Road 5.

The minister emphasized that timely investment in the project is essential to complete the regional transport network and lower logistics costs.

The proposed Ring Road 5 will span approximately 349 km, passing through seven provinces and cities. The main route is designed to expressway standards with six lanes and a design speed of 100–120 km/h, while parallel roads will have a minimum of two lanes and a design speed of 60–80 km/h. Minister Minh noted that the proposed route has already received written consensus from all seven localities involved.

According to preliminary plans, the project requires the reclamation of approximately 4,011 ha of land, with compensation, support, and resettlement costs estimated at VND78.143 trillion (nearly $3 billion).

The total preliminary investment for the project is roughly VND288.27 trillion ($11 billion). Of this, the central budget will contribute over VND215.19 trillion (nearly $8.2 billion) for the main expressway, while VND73.076 trillion ($2.78 billion) for the parallel roads will be financed by local provincial budgets.

The investment strategy involves preparing the entire route in the initial stage to facilitate capital mobilization. In the immediate future, the project will focus on constructing 116 km of the eastern section, stretching from Thai Ha Bridge to the Bac Giang – Lang Son Expressway. This segment is identified as having high transport demand and significant potential for urban, industrial, and logistics development. Resources will continue to be mobilized for the remaining sections, with a goal of completing the entire 349-km ring road before 2035.

Reviewing the proposal, Mr. Phan Van Mai, Chairman of the National Assembly Economics and Finance Committee, requested that the Government further review and harmonize data across project documents. Specifically, the Government was urged to clarify the scope of land reclamation, the number of affected households, resettlement needs, and impacts on vulnerable groups to ensure a comprehensive dossier.

Regarding funding, the committee called on the Government to clarify the capital structure and disbursement schedules for both central and local budgets, particularly for localities expected to provide substantial funding such as Hanoi and Hai Phong. Additionally, the committee requested formal commitments from all seven localities regarding their capacity to fund parallel roads and manage compensation and resettlement tasks.

VnEconomy-Minh Kiet

Da Nang approves $240mln investment to complete Lien Chieu Port infrastructure

Sat, 08 Aug 2026 00:00:00 GMT

The project is expected to provide a foundation for completing one of Vietnam's key strategic seaports while supporting the development of a major logistics hub in central Vietnam.

The People's Council of central Da Nang city has approved an investment policy for completing the shared infrastructure of the Lien Chieu Port project, with a total estimated investment of more than VND6.209 trillion (approximately $240 million).

The project is expected to provide a foundation for completing one of Vietnam's key strategic seaports while supporting the development of a major logistics hub in central Vietnam. Funding will be sourced from both the central government budget and the local budget, with implementation scheduled for the 2026–2030 period.

The primary objective is to complete the remaining public infrastructure within the Lien Chieu Port complex, ensuring seamless connectivity and creating favorable conditions for strategic investors to develop individual port terminals.

The project also aims to address the urgent need to relocate existing petroleum and liquid cargo terminals currently operating in Da Nang Bay. The relocation is expected to enhance navigational safety, improve port operations, and free up valuable waterfront areas for future urban and economic development.

-Ngo Anh Van

Infrastructure must become a strategic economic sector: top leader

Fri, 07 Aug 2026 09:00:00 GMT

General Secretary and State President To Lam emphasized that infrastructure efficiency must be measured by the tangible benefits provided to citizens, businesses, and the overall economy.

Infrastructure is no longer merely a service for production and daily life; it has evolved into a decisive factor for national competitiveness. Consequently, infrastructure efficiency must be measured by the tangible benefits provided to citizens, businesses, and the overall economy.

Party General Secretary and State President To Lam emphasized this during a working session with the Government’s Party Committee and relevant agencies on the development of synchronous infrastructure on August 6.

He noted that infrastructure planning and investment must ensure synchronicity and connectivity, with service quality and economic efficiency as the primary objectives. Development should harmonize physical, digital, and natural infrastructure.

Furthermore, infrastructure must be transformed into a strategic economic sector, fostering a vast market to enhance domestic production capacity, the leader said, adding that the State should play a guiding and leading role in mobilizing resources, prioritizing public investment in foundational, essential, and inter-regional projects with high spillover effects.

The General Secretary and President called for innovation in planning and infrastructure organization. Planning must align with the national development strategy, economic spatial organization, and the goal of boosting national competitiveness. It must also ensure a long-term vision, inter-sectoral and inter-regional connectivity, and the capacity to adapt to shifts in technology, markets, demographics, and climate change.

Alongside these goals, he stressed the need for synchronicity across economic, social, digital, data, science, technology, and innovation infrastructure. It is essential to enhance integration between various modes of transport, as well as between transportation and energy, logistics, urban areas, and other socio-economic infrastructure sectors.

Infrastructure development must strengthen connections between industries and regions, urban and rural areas, and domestic and international markets. This progress should be closely integrated with national defense, security, environmental protection, and the digital and green transitions.

Regarding inter-regional projects, the leader requested the refinement of regional financial coordination mechanisms. This, according to him, would ensure that localities collectively participate in decision-making, capital contribution, shared responsibility, and the distribution of benefits.

Another core mission is the fundamental reform of investment management and infrastructure asset governance, elevating the accountability of leaders. It is essential to enhance the quality of project preparation, construction, and operation, with a focus on managing the entire project lifecycle.

Investment decisions should only be finalized once all conditions regarding planning, land use, site clearance, capital, materials, technology, human resources, and connecting infrastructure are fully secured. Simultaneously, accountability must be clearly established for projects that fall behind schedule, undergo multiple adjustments, experience cost overruns, or operate inefficiently.

The top leader requested the urgent development of a unified database for planning, projects, and infrastructure assets. He also called for the accelerated application of digital technology and artificial intelligence (AI) in the investment, management, and operation of national infrastructure assets.

Investment efficiency should not be measured solely by the disbursement rate; it must be reflected in the progress, quality, connectivity, and operational effectiveness of key infrastructure works and projects.

Regarding strategic infrastructure systems, the leader urged a concentration of resources to complete transport and logistics corridors. This includes developing national and urban railways and waterway transport, integrated with technology transfer and the growth of domestic industry.

The energy sector must ensure synchronous and rational development across power sources, grids, and storage systems. Concurrently, it is necessary to develop digital infrastructure and national computing capacity, address bottlenecks in urban and social infrastructure, enhance resilience against climate change, and ensure water security and dam safety. These tasks require special attention in industrial hubs, seaports, coastal cities, and the Mekong Delta.

Concerning resource mobilization and allocation, alongside public investment, the leader required the continued refinement of Public-Private Partnership (PPP) mechanisms to attract private capital based on a fair distribution of benefits and risks. He also called for the development of mid-to-long-term capital markets, the utilization of increased land value generated by infrastructure, and the diversification of international funding sources.

In terms of a long-term vision, the General Secretary and President emphasized that the projects decided today will shape the nation for decades to come. Infrastructure must be prepared for the future economy, emerging technologies, and escalating climate risks.

By 2045, Vietnam aims to possess a synchronous, smart, green, safe, and highly resilient infrastructure system. This system must ensure seamless connectivity across the national territory, link the economy with global markets, and provide all citizens with access to essential services.

VnEconomy-Hà Lê

Quang Ninh proposes new expressway linking Hai Phong–Ha Long route with Hanoi Ring Road 5

Thu, 06 Aug 2026 08:10:00 GMT

The proposed project would help complete Vietnam's national transport network while creating a new economic corridor linking Quang Ninh, Hai Phong, and the Hanoi Capital Region.

The National Assembly delegation of northern Quang Ninh Province has submitted a proposal to the National Assembly, requesting the addition of a new expressway connecting the Hai Phong–Ha Long Expressway with Hanoi Ring Road 5 to the national road network master plan for 2021–2030, with a vision to 2050.

Under the proposal, the projected expressway would extend approximately 55 km, starting at the Ha Long Xanh Interchange in Tuan Chau Ward, Quang Ninh Province, and ending at a connection with Hanoi Ring Road 5 in Tran Nhan Tong Ward, Hai Phong City.

The route is planned as a six-lane expressway with a design speed of 100–120 kph. In parallel with the expressway, Quang Ninh is developing a network of four-lane frontage roads on both sides of the corridor, which are expected to be completed in 2026.

According to the provincial delegation, the proposed project would help complete Vietnam's national transport network while creating a new economic corridor linking Quang Ninh, Hai Phong, and the Hanoi Capital Region.

The expressway is also expected to strengthen regional connectivity, enhance freight capacity, and support the development of industry, logistics, tourism, and services. In addition, it would improve access to seaports, airports, economic zones, and major cultural and natural heritage sites, while contributing to national defense, security, and the sustainable development of the country's northeastern region.

-Minh Kiệt

Hue calls for investment in transport projects worth nearly $715mln

Wed, 05 Aug 2026 23:30:00 GMT

Once completed, the projects are expected to significantly strengthen the central city's strategic transport network by improving connectivity between urban areas, industrial parks, the national expressway system, seaports, and neighboring localities.

The People's Council of central Hue city has approved a resolution identifying key transport infrastructure projects to be implemented under the public-private partnership (PPP) model, paving the way for private investment in major connectivity upgrades across the city.

Under the resolution, Hue will seek investors for six strategic transport projects with a combined estimated investment of VND18.646 trillion (approximately $715 million).

The project portfolio includes a VND1.8 trillion road linking Area B of An Van Duong Urban Area to Phu Vang Commune; the La Son–Vinh Ha–Giang Hai route, including Ha Trung Bridge, with an estimated investment of nearly VND3 trillion; a VND1.5 trillion road connecting Ho Quy Ly Street with Provincial Road 2, including Phu Hau–Tien Non Bridge; and a VND550 billion road linking Quang Dien and Kim Tra.

The list also features the first phase of the western breakwater at Chan May Port, estimated at VND1.8 trillion, and the largest project—a VND10 trillion road connecting the Chan May–Lang Co Economic Zone with the Cam Lo–Tuy Loan Expressway.

Once completed, the projects are expected to significantly strengthen Hue's strategic transport network by improving connectivity between urban areas, industrial parks, the Chan May–Lang Co Economic Zone, the national expressway system, seaports, and neighboring localities.

-Nguyễn Thuấn

$96mln bridge to be built to connect central Nghe An and Ha Tinh provinces

Mon, 03 Aug 2026 23:10:00 GMT

The project is expected to strengthen regional connectivity and support socio-economic development across Vietnam's North Central region.

Deputy Prime Minister Pham Gia Tuc has approved the assignment of the Ha Tinh People's Committee as the lead agency for implementing the Ben Thuy 3 Bridge connector project linking central Nghe An and Ha Tinh provinces.

With an estimated investment of VND2.51 trillion (approximately $96 million), the project is expected to strengthen regional connectivity and support socio-economic development across Vietnam's North Central region.

Under the preliminary proposal, the route will extend approximately 3.5 km, including a 1.3-km bridge with a width of 23.5 meters. The bridge will be constructed using prestressed reinforced concrete, while the main span is proposed to feature a steel arch design. The approach road will stretch about 0.6 km in Nghe An and 1.6 km in Ha Tinh.

-Nguyễn Thuấn

Hung Yen High-Tech Park to be submitted for Prime Minister’s approval

Mon, 03 Aug 2026 02:30:00 GMT

As outlined by the People’s Committee of the northern province of Hung Yen, the projected high-tech park is slated for construction in Hoan Long and Viet Yen communes, covering an area of approximately 496.1 ha.

Deputy Prime Minister Ho Quoc Dung recently chaired a meeting with relevant ministries and agencies to discuss the establishment of the Hung Yen High-Tech Park.

During the session, the Deputy PM reached a consensus on the proposal to be submitted to the Prime Minister for a final decision on the park's establishment. He also mandated the Hung Yen Provincial People’s Committee to issue the park's operational regulations, ensuring full legal compliance and accelerating the implementation process.

The Deputy Prime Minister assigned the Ministry of Science and Technology to lead the drafting of the establishment decision. The ministry will coordinate with the Ministry of Justice, the Provincial People’s Committee, and the Office of the Government to finalize the documentation and submit it to the Prime Minister for signing by August 5, 2026.

According to a report from the Government Office, the dossier submitted by the Ministry of Science and Technology has incorporated feedback from relevant ministries and is essentially finalized. Following a comprehensive review, the Government Office expressed its support for the proposal to establish the high-tech park.

As outlined by the Hung Yen Provincial People’s Committee, the high-tech park is slated for construction in Hoan Long and Viet Yen communes, covering an area of approximately 496.1 ha.

The location is strategically chosen to leverage high-quality human resources from Hanoi while strengthening connections with the production and logistics chains of the Northern Key Economic Zone, which includes Bac Ninh, Hai Phong, Quang Ninh, Phu Tho, and Ninh Binh provinces.

VnEconomy-Minh Kiệt

Da Nang approves $430 mln expansion of T1 terminal of Da Nang International Airport

Sun, 02 Aug 2026 23:00:00 GMT

The project will raise the terminal's annual capacity from the current 4–6 million passengers to 14 million.

The People's Committee of central Da Nang city has approved an investment policy to expand and renovate Terminal 1 (T1) at Da Nang International Airport, aiming to significantly increase the airport's passenger handling capacity to meet growing travel demand.

The project will raise the terminal's annual capacity from the current 4–6 million passengers to 14 million.

The project carries a total investment of more than VND11.28 trillion (approximately $430 million).

According to the approved plan, the project will cover more than 165,000 square metres and is expected to be implemented over 41 months.

Construction is scheduled to begin in August 2027. The terminal expansion will take approximately 18 months and is expected to be completed and put into operation by January 2029. Renovation of the existing terminal will then continue for seven months, with full completion targeted for August 2029.

The expansion is expected to become one of Da Nang's most significant infrastructure projects over the next decade, strengthening the city's position as a major aviation gateway and supporting continued growth in tourism, trade and investment in central Vietnam.

-Ngo Anh Van

Partners for sustainable industrial parks

Sun, 02 Aug 2026 02:00:00 GMT

Policymakers and industry experts look at how Vietnam’s industrial parks can compete for high-value investment at a time when investors seek more than just a plot of land.

Dr. Tran Van Quan, Vice Chairman of the Hai Phong City People’s Committee

Industrial parks (IPs) and economic zones have long been among the key drivers of Vietnam’s industrialization and modernization process. Today, around 70-80 per cent of newly-registered FDI in manufacturing is concentrated in IPs and economic zones.

According to Politburo Resolution No. 10-NQ/TW on the development of the foreign-invested sector, FDI enterprises currently contribute around 20 per cent of Vietnam’s GDP and more than 70 per cent of exports, and directly employ nearly 3.83 million workers. These figures underscore the continued importance of IPs as a major driver of industrial growth and national competitiveness.

The current development landscape is also creating new opportunities. In 2025, Vietnam attracted more than $38 billion in registered FDI, while disbursed FDI exceeded $27.6 billion; the highest level in five years. Manufacturing remained the largest recipient of investment, accounting for more than 56 per cent of newly-registered capital.

At the same time, the restructuring of global supply chains is positioning Vietnam as a destination for high-tech investments in sectors such as semiconductors, data centers, AI, and renewable energy. To date, the semiconductor industry has attracted total investment of more than $14 billion across more than 240 projects, while investors from South Korea, Japan, Singapore, China, the US, and Europe continue to view Vietnam as an increasingly important link in regional and global supply chains.

These investment trends are also creating new demand for IP development. According to the Ministry of Finance, Vietnam has nearly 500 established IPs covering almost 150,000 ha, with more than 300 already in operation. The country is expected to develop more than 200 additional parks in the years to come, adding over 70,000 ha and generating substantial demand for infrastructure investment.

However, the priority is no longer simply expanding capacity. The next phase requires higher-quality development through eco-IPs, smart IPs, and IPs tailored to investors’ specific requirements. This will require integrated planning and coordinated investment in infrastructure, logistics, energy, and other supporting resources from the outset.

Vietnam is entering a new stage of development, with the goal of maintaining average annual GDP growth of at least 10 per cent during 2026-2030, while manufacturing will continue to serve as the principal engine of growth. Achieving this objective will require IPs to evolve through more integrated planning and infrastructure, while accelerating green and digital transformation and strengthening their capacity to accommodate high-tech, semiconductor, and innovation-driven projects. At the same time, the investment climate and administrative procedures must continue to improve to reinforce the confidence of both domestic and international businesses.

IPs are not simply locations for investment and manufacturing. They are strategic platforms that enable Vietnam to integrate more deeply into global value chains, improve the quality of economic growth, and achieve its long-term development objectives. Realizing this vision will require that IP development be guided by a long-term strategy that closely integrates planning, infrastructure, innovation, green transformation, and a high-quality investment environment, laying the foundation for the sustainable development of Vietnam’s industrial sector.

* * *

Associate Professor Le Trung Thanh, Full-Time Member of the National Assembly's Committee on Science, Technology and Environment.

The criteria for industrial park (IP) development are undergoing a clear shift. As Vietnam implements Politburo Resolution No. 57-NQ/TW, science and technology, innovation, and digital transformation are becoming increasingly important determinants of IP competitiveness.

Alongside these changing competitive criteria, Vietnam’s legal framework is also evolving in a positive direction. In recent years, a series of Party resolutions, National Assembly resolutions, laws, including the Law on Environmental Protection, and regulations governing science and technology, innovation, data, and technology transfer have been revised and updated to create a more coherent framework for economic development and IP growth.

Even so, as institutional bottlenecks are gradually being addressed, I believe the greater challenge now lies in human resources and implementation capacity. The competitive landscape for IPs has changed, meaning that local governments, IP authorities, and infrastructure developers must proactively adapt to investors’ evolving expectations. Without early preparation in areas such as infrastructure, talent, energy, and supply chains, it will be difficult for Vietnam’s IPs to strengthen their competitiveness amid intensifying regional competition.

Another area that deserves greater attention is the development of IPs tailored to strategic industries. Vietnam is pursuing major national initiatives in areas such as high-speed rail, nuclear power, advanced materials, and high-tech manufacturing. Each sector has distinct infrastructure, supply chain, and ecosystem requirements. This calls for the development of more specialized IPs rather than continuing to accommodate a wide range of industries within a single park.

As IPs adapt to these new competitive requirements, Vietnam will be better positioned to attract high-tech and clean industry projects while strengthening links between FDI enterprises and domestic companies, in line with the country’s broader agenda for science and technology, innovation, and digital transformation.

* * *

Mr. Vu Manh Hung, Director General of the Department of Sectoral Economics, and Member of the Scientific Council at the Central Commission for Policy and Strategy.

As Vietnam’s political system moves decisively to accelerate industrialization and modernization, with science and technology, innovation, and digital transformation serving as new engines of growth, the country’s approach to industrial park (IP) infrastructure must also evolve. This transformation should go hand-in-hand with the implementation of national strategies on green transition, energy transition, digital transformation, economic restructuring, and human capital development.

IP infrastructure can no longer be viewed simply as the physical foundation for manufacturing. It must instead be recognized as a key determinant of the competitiveness of the broader economy. In this context, infrastructure should be understood in its broadest sense, encompassing transport networks, energy systems, water supply and drainage, wastewater and solid waste treatment, digital infrastructure, logistics, warehousing, distribution centers, production support services, and urban and social services for workers.

More importantly, the entire system must be planned, developed, and operated according to the principles of green, circular, sustainable, smart, and integrated development.

International experience shows that green IPs, eco-IPs, low-carbon IPs, and smart IPs are becoming the dominant direction of development. Many countries have established green IP standards and certification systems, promoted industrial symbiosis, where the waste generated by one enterprise becomes the input for another, expanded the use of renewable energy, and adopted digital technologies, big data, and smart monitoring systems to manage infrastructure and environmental performance.

These experiences provide valuable lessons for Vietnam as it develops an IP model suited to its own development priorities and conditions.

* * *

Mr. Truong Gia Bao, Vice President and General Secretary of the Vietnam Industrial Real Estate Association (VIREA).

When Vietnam first began actively attracting FDI, securing an investor was considered a success in itself. At the time, localities had limited capacity to be selective, while investors were largely responsible for developing the infrastructure needed to support their own operations. Few investors asked about industrial ecosystems or value-added services, because they expected to provide most of what their projects required.

Today, the landscape has changed. Vietnam has adopted a more sustainable industrial development strategy that prioritizes high-value investment projects capable of delivering long-term benefits for both the country and local communities. In my view, this shift is changing not only the criteria for selecting investors but also the way industrial parks (IPs) are developed.

The goal is no longer simply to fill IPs with tenants. The focus has shifted to attracting higher-quality investment. As a result, sectors such as high technology, semiconductors, green technologies, and other strategic industries are becoming priorities. These sectors require coordinated preparation in terms of policy, infrastructure, talent, and supporting business ecosystems.

Meeting these demands requires a coordinated effort. No single locality or IP developer can create a competitive advantage on its own. The key is to translate the central government’s development strategy into clear local priorities, enabling each locality to build industrial ecosystems with distinct strengths and competitive advantages.

One encouraging development is the rapid improvement in Vietnam’s investment environment over recent years. Local governments, economic zone authorities, and State agencies have become more proactive in streamlining administrative procedures, supporting businesses, and improving investment services. In some localities, FDI-related procedures are now processed remarkably quickly, enabling investors to launch projects and begin operations much sooner.

Planning is also becoming more strategic. At both the provincial and local levels, development strategies are increasingly being built around each area’s comparative advantages. Rather than pursuing broad-based industrial expansion, localities are identifying priority industries linked to their seaports, logistics networks, industrial clusters, and supply chains.

As each locality defines its own development identity, investor selection will become more effective. Companies will be able to match their investment needs with local development priorities to identify the most suitable destination. This represents an important shift in investment promotion, from actively courting investors to attracting them through clear development strategies and a stronger alignment between investor needs and local competitive advantages.

* * *

Mr. Koen Soenens, CSM Director at DEEP C Industrial Zones.

If I had to use one word to describe what international investors look for when choosing an investment location, it would be “trust.”

Companies still evaluate traditional factors such as labor availability, tax incentives, land supply, and infrastructure. Today, however, investors are asking more than whether an industrial park (IP) has adequate infrastructure. They want to know whether it can help them meet the increasingly-stringent environmental, social, and governance (ESG) requirements imposed by global technology companies, covering everything from manufacturing environments and carbon emissions to sustainable governance standards.

A recent example is DEEP C’s successful attraction of a major South Korean manufacturer producing critical components for the AI semiconductor industry. The company told us that trust was the deciding factor in choosing Hai Phong and DEEP C over other locations in the region. That trust was built on the IP developer’s ability to support the investor throughout the project’s lifecycle, particularly in helping the company achieve its sustainability objectives.

Another example is a leading electronics manufacturer from Taiwan (China) that supplies companies such as Apple, Sony, and Microsoft. Similarly, its primary concern was whether DEEP C could help it comply with the increasingly-demanding ESG requirements of global technology companies, from production standards and carbon emissions to broader sustainability and governance expectations.

These examples illustrate how the competitive advantage of IPs has shifted. Today, it is no longer defined by land lease rates or investment incentives, but by the ability to become a long-term sustainability partner for investors. As multinational corporations continue to tighten ESG requirements across their supply chains, an IP’s capacity to support emissions reduction, renewable energy adoption, environmental management, and transparent governance will increasingly determine its ability to attract high-quality FDI.

* * *

Ms. Tran Huyen Yen Phuong, Deputy Director of Strategic Development at the IDICO Corporation.

We need to redefine what “connectivity” means in industrial park (IP) development. In the past, connectivity was largely understood as transport infrastructure - a road leading into an IP or the movement of goods. Today, however, it must be viewed more broadly as an integrated, sustainable infrastructure system that forms a complete ecosystem for investment and manufacturing.

From the perspective of physical infrastructure, connectivity is no longer limited to roads. It also encompasses links to economic corridors, seaports, airports, and logistics networks that enable businesses to participate more deeply in global supply chains. Vietnam already benefits from an extensive network of free trade agreements (FTAs), which is one of the key reasons international investors continue to choose the country. But to turn that advantage into lasting competitiveness, IPs must be seamlessly connected to logistics systems, import-export infrastructure, and transport hubs.

Even traditional infrastructure requirements are evolving rapidly. In the past, businesses simply needed a reliable electricity supply. Today, they also expect access to clean, renewable energy and a sustainable power system. This marks a significant shift in how investors evaluate potential locations.

In my view, however, connectivity is about more than physical infrastructure; it also includes soft infrastructure. IP development is no longer just about building infrastructure to lease land. It is about creating a complete industrial ecosystem with business support services, modern amenities, and social infrastructure.

Overall, IP developers should focus on three priorities to meet the expectations of global investors.

First, infrastructure must be delivered quickly and be sustainable. Investors today require reliable utilities, technical infrastructure, legal advisory services, and support from the moment they begin exploring investment opportunities in Vietnam.

Second, IP products and services must become more flexible. Whereas developers once focused almost exclusively on land leasing, investors now seek a broader range of options, including ready-built factories, ready-built warehouses, and more flexible investment models that enable faster market entry, lower upfront costs, and room to scale over time.

Third, IPs must build ecosystems that place people and social well-being at the center of development.

A "tenant-favorable" approach in industrial parks

Sat, 01 Aug 2026 10:30:00 GMT

Vietnam’s modernized development strategy and ever-growing investor expectations have reshaped thinking on what an industrial park must provide tenants.

Vietnam attracted more than $34.6 billion in registered FDI during the first half of 2026, up nearly 61 per cent year-on-year, according to the National Statistics Office at the Ministry of Finance. Disbursed FDI totaled $13.03 billion; the highest in many years. These figures underscore Vietnam’s ongoing appeal to international investors as global supply chains continue to realign.

Yet as investment inflows steadily grow, so too do investors’ expectations. While land availability, physical infrastructure, and investment incentives once defined an industrial park (IP)’s competitiveness, high-tech and high-value projects increasingly assess locations based on access to skilled talent, supporting industries, logistics networks, innovation ecosystems, and sustainability performance. The shift reflects not only changing site selection criteria but also a broader transformation in how IPs themselves are designed and developed.

This evolving landscape was a recurring theme at the Vietnam Industrial Park Summit 2026. Whether representing international organizations, government agencies, local authorities, or IP developers, speakers converged on the same question: how can IPs create greater value for investors long after a project is established, rather than simply providing manufacturing space? The answer is reshaping the competition for FDI in Vietnam’s next phase of development.

Beyond the gates

Land bank size and occupancy rates were long the standard indicators of an IP’s success. The more land developed and projects attracted, the more successful a park was considered. This approach suited a period when Vietnam focused on attracting labor-intensive manufacturing, where production space, investment costs, and basic infrastructure were the primary competitive advantages.

As Vietnam shifts toward attracting higher-quality FDI, however, these strengths have become baseline requirements rather than differentiators. Semiconductor plants, research centers, and other high-tech investments evaluate locations not only by land lease costs and infrastructure but also by their ability to access suppliers, recruit skilled workers, collaborate with research institutions, meet sustainability standards, and support long-term expansion. Increasingly, an IP’s competitiveness is determined by factors that lie beyond its physical boundaries.

According to Ms. Le Thi Thanh Thao, Country Representative of the United Nations Industrial Development Organization (UNIDO) in Vietnam, the country has made significant progress in attracting FDI over nearly four decades, but the quality of investment still has room for improvement. Localization rates remain relatively low, links between FDI enterprises and domestic companies are still limited, and technology transfer has yet to meet expectations.

Against this backdrop, Ms. Thao called for shifting the focus from the quantity of FDI to quality, emphasizing innovation capacity, technology transfer, supplier development, workforce upskilling, and greater domestic value creation. If these become the defining measures of investment quality, IPs can no longer compete solely on land supply and physical infrastructure.

The changing expectations are also reshaping IP models. Ms. Sinem Demir Duru, Decarbonization Expert / Eco-Industrial Parks Lead for Asia at the International Finance Corporation (IFC), said eco-industrial parks (eco-IPs) are designed not only to improve resource efficiency and reduce emissions but also to strengthen governance, enhance business services, promote industrial symbiosis, facilitate access to green finance, and meet the international standards increasingly prioritized by multinational corporations when selecting investment locations. For the IFC, eco-IPs are therefore a competitiveness strategy rather than simply an environmental initiative.

Mr. Tran Van Nam, a representative of the Vietnam-China Nexus Center, Vice Principal of FPT Polytechnic College, and Vice Chairman of the Vietnam Semiconductor Alliance, said high-quality human resources, business support services, innovation capacity, and the readiness of the broader industrial ecosystem will increasingly determine the ability to attract semiconductor projects, high-tech manufacturing, and RD centers.

Experts agreed that the role of IPs has fundamentally changed. While their primary value once lay in providing land and infrastructure, they are now expected to connect businesses with suppliers, skilled workers, research institutions, logistics providers, and local innovation ecosystems. Roads, electricity, and water remain essential, but they offer little competitive advantage if investors cannot recruit qualified engineers, find capable local suppliers, or integrate into global supply chains.

IP boundaries may still define the footprint of an investment project, but they no longer define its competitiveness. A factory may occupy only a few dozen hectares, yet its long-term success depends on the quality of the local workforce, regional supplier networks, logistics infrastructure, and innovation environment. Increasingly, it is these assets beyond the IP’s gates that determine whether high-quality FDI can be attracted and retained.

Ecosystem advantage

Competition for FDI is no longer defined by how many new IPs a locality can develop, but by how effectively those parks are integrated into a broader regional ecosystem. While IPs were once planned as largely self-contained manufacturing zones, high-tech industries, semiconductor projects, and data centers increasingly depend on seamless connections to logistics, digital infrastructure, research institutions, financial services, and regional business networks.

Mr. Nguyen Cong Tien, Standing Deputy Head of the Da Nang Hi-Tech Park and Industrial Parks Authority, said this thinking underpins Da Nang’s industrial development strategy. Rather than promoting individual IPs, the central city is building an integrated development ecosystem linking logistics infrastructure, seaports, the international airport, digital infrastructure, the Hi-Tech Park, the Free Trade Zone (FTZ), and the International Financial Center. Within this framework, IPs are no longer the final destination for investment but one component of a broader value chain spanning research, manufacturing, logistics, and services.

Vietnam’s first FTZ, covering nearly 1,900 ha, is being developed alongside Lien Chieu Port and the International Financial Center, with a focus on logistics, trade, digital technologies, innovation, semiconductors, data centers, and cross-border e-commerce. The National Hi-Tech Park, spanning 1,128 ha, is targeting industries such as semiconductors, aerospace, robotics, unmanned aerial vehicles, and high-speed rail technologies.

Meanwhile, the Chu Lai Open Economic Zone, covering more than 27,000 ha, is expanding industrial development linked to seaports, airports, and large-scale manufacturing. Rather than competing with one another, these developments are designed to extend the value chain within a single integrated ecosystem.

This approach aligns closely with the IFC’s vision for eco-IPs. Ms. Demir Duru believes the value of an IP should be measured not only by occupancy rates or infrastructure utilization but also by the quality of its governance, business services, supplier networks, job creation, and capacity to generate local economic value. In other words, IPs are increasingly judged by their ability to provide an environment where businesses can grow over the long term rather than simply offering a place to build factories.

According to Ms. Tran Huyen Yen Phuong, Deputy Director of Strategic Development at the IDICO Corporation, as differences in land availability, infrastructure, and rental costs narrow across localities, competitive advantage will increasingly depend on service quality and the ability to support investors throughout the entire project lifecycle. That means developers must move beyond building infrastructure for lease and instead provide comprehensive services ranging from investment procedures and logistics connectivity to operational support and business expansion.

-Tuan Khang

Transition to modern industry

Sat, 01 Aug 2026 01:00:00 GMT

Vietnam’s focus must be on establishing next-generation industrial parks if it hopes to boost its position in global supply chains.

Global green standards, digital transformation, and intensifying competition for high-quality FDI are forcing Vietnam’s industrial parks (IPs) to rethink their development models. Experts told the recent Vietnam Industrial Park Summit 2026 that next-generation IPs are no longer a future trend but a modern-day prerequisite for strengthening competitiveness and securing a deeper role in global supply chains.

Shifting global supply chains, carbon reduction requirements, and environmental, social, and governance (ESG) standards are placing increasing pressure on Vietnam’s IPs to transform. These challenges formed the central theme of Conference Session 2 at the Summit, with the theme “Shaping New-Generation Industrial Parks - Operating Optimization And Smart Governance,” which focused on planning IPs around sustainable infrastructure, integrated logistics, information and communication technology (ICT) infrastructure, the circular economy, and digital governance.

Raising the bar

Speaking at the Summit, Ms. Nguyen Thi Dung, Vice Chairwoman of the Industrial Real Estate Sub-Association at the Vietnam National Real Estate Association (VNREA), said Vietnam currently has 475 IPs, with the 324 in operation posting an average occupancy rate of 79 per cent. However, the country’s IP network is under mounting pressure to transform as the EU’s Carbon Border Adjustment Mechanism (CBAM) came into effect on January 1, 2026, alongside Vietnam’s target of 75 per cent of FDI during 2026-2030 coming from developed, high-tech economies and its commitment to achieving net zero emissions by 2050.

However, only around 1-2 per cent of IPs have begun transitioning toward eco-industrial park (eco-IP) models, and as of mid-2025, none had received official certification under Decree No. 35/2022/ND-CP. According to Ms. Dung, next-generation IPs should be built on three pillars: cleaner production and industrial symbiosis; renewable energy supported by measurement, reporting, and verification (MRV) systems; and digital infrastructure with smart governance.

Pilot projects have already demonstrated measurable results. Under the UN’s Global Eco-Industrial Parks Programme (GEIPP), 329 of 889 Resource Efficient and Cleaner Production (RECP) solutions were implemented across six IPs in Vietnam during 2020-2024: Amata, DEEP C, Nam Cau Kien, VSIP, Hiep Phuoc, and Tan Do. These initiatives generated $2.6 million in annual operational savings while mobilizing $3.3 million in private investment.

The country’s total industrial real estate area was projected in the Vietnam Industrial Real Estate Yearbook 2025 to reach 2,070,215 ha by 2030. However, accelerating the transition to next-generation IPs will require addressing three key bottlenecks: establishing mechanisms for wastewater and waste reuse; expanding renewable energy development through mechanisms such as Direct Power Purchase Agreements (DPPAs); and strengthening green finance and eco-IP certification systems. These are considered essential to improving the quality of FDI attraction and enhancing the competitiveness of Vietnamese exports as global environmental standards become increasingly stringent.

Smarter by design

Mr. Tran Van Thanh, Digital Transformation Project Director at VNPT Hai Phong, said the company has worked with the Hai Phong Economic Zone Authority since 2021 to assess digital transformation needs, provide consultancy services, design and deploy digital systems, deliver training, and support operations. As a result, an integrated management platform officially entered service on September 13, 2021, creating a direct communication channel between the Authority and businesses operating within economic zones and IPs.

The platform enables businesses to update information, access data, submit reports, and communicate online with regulators while standardizing administrative processes and integrating internal management, enterprise services, centralized databases, operational dashboards, and environmental monitoring. According to VNPT, once data is digitized, standardized, and interconnected, the platform will gradually integrate geographic information systems (GIS), expand data connectivity, and incorporate AI, laying the foundation for smart management of economic zones and IPs.

Mr. Nguyen Hoang Minh, Founder and CEO of energy efficiency firm IoTeamVN, said energy management has become one of the starting points for IP transformation. Manufacturers are facing rising production costs, new two-part electricity pricing mechanisms, and manual operating processes while simultaneously meeting energy efficiency requirements, greenhouse gas reporting obligations, and Net Zero commitments demanded by international customers.

To address these challenges, IoTeamVN has introduced an Energy Management System (EnMS) for commercial and industrial users. The platform provides real-time monitoring of energy consumption and costs, identifies inefficiencies, optimizes electricity use, issues abnormal usage alerts, supports 24/7 monitoring, and facilitates greenhouse gas inventory reporting.

The system has already delivered measurable results. The Huong Hoa Tapioca Starch Factory in central Quang Tri province and Viglacera Thang Long in Vietnam’s northern region have reduced energy consumption by around 3 per cent annually. The nearby Phu Tho Textile Company has cut cooling system electricity use by 30 per cent, equivalent to annual savings of VND1.8 billion ($69,200), while the Tu Phuong Plastic Packaging Factory, which boasts a range of facilities around the country, has reduced cooling energy consumption by 40 per cent. According to Mr. Minh, effective energy management not only lowers operating costs but also helps companies meet sustainability requirements and strengthen their competitiveness within global supply chains.

Mr. Han Anh Vu, Chief Technology Officer at VietnamIZ, said IPs are evolving from multi-sector, labor-intensive models to specialized industrial clusters, integrated industrial-urban-service developments, and ultimately smart eco-IPs operating on digital platforms that support net zero targets and industrial symbiosis.

Traditional management models, he continued, are constrained by fragmented data, reporting delays, and limited analytical capabilities. Next-generation IPs, by contrast, require data that is accurate, complete, standardized, and updated in real time. Smart governance represents a shift from experience-based management to data-driven decision-making through digitized, standardized, and interconnected information systems. These systems integrate Internet of Things (IoT) sensors, digital records, GIS mapping, and supervisory control and data acquisition (SCADA) platforms to serve regulators, businesses, and local communities alike.

Though speakers approached the issue from different perspectives, they shared a common conclusion: next-generation IPs must be built on three foundations: green development, digital transformation, and smart governance. These are becoming essential not only for meeting increasingly demanding international environmental, emissions, and governance standards but also for attracting higher-quality investment.

As competition for high-quality FDI intensifies, the transition to next-generation IPs will increasingly determine the competitiveness of both individual localities and Vietnam’s industrial sector as a whole. From infrastructure planning and renewable energy deployment to industrial symbiosis, data-driven management, and AI-enabled operations, this transformation is creating new opportunities for IPs to improve efficiency, attract higher-value investment, and integrate more deeply into global value chains.

-Nam Khanh Do Hoang

Hai Phong launches Free Trade Zone and announces new economic zones

Sat, 01 Aug 2026 00:00:00 GMT

The Free Trade Zone in the northern port city is planned to include manufacturing areas, port and port-logistics facilities, logistics centers, commercial and service areas, and other functional zones.

The People’s Committee of northern Hai Phong port city on July 30 held a conference to announce the Prime Minister’s decisions on the locality’s economic zones, and officially launched the Hai Phong Free Trade Zone.

On February 12, 2026, the Prime Minister approved the establishment of the Hai Phong Specialized Economic Zone, covering approximately 5,300 hectares in the western part of the city. The zone will focus on science- and technology-intensive industries and services, including artificial intelligence, robotics, big data and chemicals, as well as research and development activities.

Earlier, on December 4, 2024, the Prime Minister approved the establishment of the Southern Hai Phong Coastal Economic Zone, covering approximately 20,000 hectares. On March 14, 2026, the Government approved the zone's master plan through 2050.

The Southern Hai Phong Coastal Economic Zone has been identified as a key growth engine for the city and a major marine economic hub. It is expected to support and connect with other coastal economic zones while contributing to the development of the Red River Delta.

The Hai Phong Free Trade Zone, covering nearly 6,300 ha within the Southern Hai Phong Coastal Economic Zone, is planned to include manufacturing areas, port and port-logistics facilities, logistics centers, commercial and service areas, and other functional zones.

Priority sectors will include research and development, semiconductors, information technology, automation, high-tech supporting industries, digital infrastructure and logistics, positioning the free trade zone as a strategic platform for attracting investment and developing high-value industries in Hai Phong.

-Đỗ Hoàng

Hai Phong to replace 177 old apartment buildings, relocating 9,000 households

Thu, 30 Jul 2026 09:00:00 GMT

The project will be implemented in phases—from 2026 to 2028 and 2028 to 2030—with a vision toward 2030. Priority will be given to people with meritorious services to the national revolution, policy-beneficiary families, and vulnerable groups.

The Hai Phong City People's Council has officially approved a resolution focused on resident relocation, urban renovation, and the reconstruction of degraded apartment buildings. The project covers 177 aging apartment blocks, affecting approximately 9,193 households.

The initiative aims not only to move residents out of unsafe conditions but also to provide stable, secure housing. It seeks to combine reconstruction with urban beautification, spatial restructuring, and the optimization of land use while supplementing technical and social infrastructure.

The project will be implemented in phases—from 2026 to 2028 and 2028 to 2030—with a vision toward 2030. Priority will be given to people with meritorious services to the national revolution, policy-beneficiary families, and vulnerable groups.

To achieve these goals, Hai Phong has outlined four primary solution groups:

First, incentivizing private investment for the renovation and reconstruction of old apartment buildings.

Second, leveraging and expanding existing policies issued by local authorities (Resolution 04 and Scheme 05) to link urban renewal with the development of social housing specifically for resettlement purposes.

Third, developing a local housing fund for lease under Decree 302/2025/ND-CP, which includes rental subsidies for specific target groups.

Fourth, in cases where other supplies are insufficient, the city will use public funds to build rental housing. This will prioritize State-managed land and serve households requiring emergency relocation or those unable to afford buying or rent-to-own options.

According to assessments by the Hai Phong People’s Committee, the majority of the city’s old apartment blocks are only two to five stories tall and lack elevators. Units are typically cramped, ranging from 15 to 30 square meters, with outdated functions and a lack of self-contained facilities.

The report also highlighted that unauthorized "iron cage" balcony expansions are widespread. These additions have increased the weight load on already weakened structures, severely compromising fire safety and emergency exit routes. Furthermore, the electrical, water, and drainage systems, along with internal roads, have significantly deteriorated or are no longer fit for use.

VnEconomy-Nam Khanh

Dong Nai identifies eco-industrial parks as strategic growth driver

Thu, 30 Jul 2026 08:00:00 GMT

The southern city is currently focusing on high-tech sectors such as aviation, semiconductors, artificial intelligence (AI), and information technology, with a development roadmap closely linked to green, clean, and high-value-added goals.

To achieve strategic goals for the 2026–2030 period, Vietnam's economy requires a transformational shift in its development model. In this shift, eco-friendly and smart industries will serve as the new growth engines.

In this scenario, southern Dong Nai city is identified as a vital growth pole, making significant contributions to the nation’s overall objectives, Dr. Nguyen Duc Hien, Deputy Head of the Central Commission for Policy and Strategy, told the forum "Building Eco-Smart Industrial Parks – A Driver for Investment Attraction and Green Economic Development in the Southeast Region” in Dong Nai City on July 28.

"Dong Nai's economic scale is projected to reach approximately $44 billion by 2030, accounting for nearly 5% of the national GDP by then—a substantial increase from the current $27 billion. With a growth of nearly 1.5 times in just 4 to 5 years, this locality bears a massive responsibility in the national strategy to elevate the country's GDP from approximately $514 billion in the 2021–2025 period to a target of $900 billion for 2026–2030," said Dr. Hien.

Analyzing Dong Nai’s strengths, Dr. Hien highlighted the convergence of eight favorable conditions for the development of eco-industrial parks: large industrial scale, a strategic gateway location, multimodal logistics infrastructure, green growth orientation, digital and technological foundations, an innovative and creative workforce, and practical experience.

In particular, the "airport city" (aerotropolis) model, combined with the connectivity between Bien Hoa, Long Thanh, and key regional axes in the South, creates a distinctive development space compared to many other localities in the region. This serves as the foundation for Dong Nai to not only maintain its role as a traditional industrial hub but also to reshape its growth model toward high technology and higher added value.

According to the official, a Law on Industrial Parks and Economic Zones is currently under study. The proposed law aims to implement a chain-based management model to avoid fragmentation among ministries and sectors, thereby helping businesses access land and resources more efficiently.

Speaking at the forum, Assoc. Prof. Dr. Ho Sy Hung, Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), affirmed that transitioning industrial park models toward green and smart development is a key factor for deep integration into global value chains.

To achieve the Net Zero target by 2050, Vietnam aims to maintain double-digit growth in 2026 and the following periods. Studies show that adopting green, eco-friendly, and smart industrial models can boost labor productivity by 15% to 25%. Furthermore, the application of high technology not only improves the working environment but also helps localities attract high-quality human resources.

In Vietnam's Southeast region, Dong Nai is recognized as a pioneering locality in approaching and directing the transition to eco-industrial parks. The city is currently focusing on high-tech sectors such as aviation, semiconductors, artificial intelligence (AI), and information technology, with a development roadmap closely linked to green, clean, and high-value-added goals.

Representing the local government, Permanent Vice Chairman of the Dong Nai People's Committee, Mr. Nguyen Kim Long, said "In our upcoming strategy, Dong Nai will implement selective investment attraction, prioritizing clean technology projects and efficient resource utilization. We will gradually convert existing industrial parks, promote circular economy models—such as water reuse and waste recycling—and foster industrial symbiosis among enterprises."

VnEconomy-Nguyệt Hà

HCMC proposes raising social housing income ceiling to $2,300 per month

Wed, 29 Jul 2026 23:30:00 GMT

If approved, monthly net income requirements will be adjusted for eligible groups, including low-income urban residents, workers, civil servants, and public employees.

Ho Chi Minh City has proposed increasing the income eligibility threshold for purchasing social housing to a maximum of VND60 million ($2,280) per month for married couples and VND30 million ($1,140) per month for single individuals, depending on specific groups.

The HCMC Department of Construction recently submitted a draft to the Municipal People's Committee to amend and supplement Decision No. 14/2026/QD-UBND. The draft seeks to adjust income coefficients and add policies to make social housing more accessible to local residents.

According to the draft, the adjusted income coefficients reflect HCMC’s actual living conditions while ensuring consistency with the Government’s Decree No. 136/2026/ND-CP. Two proposed coefficient options stand at 1.1 and 1.2.

If approved, the monthly net income requirements will be adjusted for eligible groups, including low-income urban residents, workers, civil servants, and public employees.

Under the 1.1 coefficient scenario, for single individuals, income must not exceed VND27.5 million (over $1,000)/month; single parents, income must not exceed VND38.5 million (nearly $1,500)/month; married couples, total combined income must not exceed VND55 million (over $2,000)/month.

Under the 1.2 coefficient scenario (proposed for households with three or more dependents), for single individuals, income must not exceed VND30 million ($1,140)/month; single parents, income must not exceed VND42 million ($1,600)/month; and married couples, total combined income must not exceed VND60 million ($2,280)/month.

In addition to raising the income ceiling, the draft proposes prioritizing households with three or more dependents, allowing them to select larger apartments or units with two or more bedrooms.

VnEconomy-Thiên Di

Detailed plan for expanding Noi Bai International Airport to be completed by 2026

Tue, 28 Jul 2026 10:20:00 GMT

Based on the consensus of relevant agencies, the Ministry of Construction will direct the urgent finalization of the planning dossier, seek further opinions from ministries and sectors, and submit the plan to competent authorities for appraisal and approval.

The Ministry of Construction (MoC) has issued an official response to petitions from Hanoi voters regarding the detailed master plan for expanding Noi Bai International Airport.

According to the petitions, although the Prime Minister approved the Noi Bai International Airport expansion project long ago, the detailed planning remains unfinished. Critical steps, such as defining boundaries, marking landmarks for management, and initiating subsequent development phases, have yet to be completed.

Voters highlighted that this stagnation has significantly impacted the lives of local residents within the planned area. Many social infrastructure projects and residential houses have deteriorated but cannot be renovated, upgraded, or rebuilt, while a specific relocation plan remains unavailable.

In response, the MoC stated that, following the Prime Minister’s Decision No 655/QD-TTg regarding the master plan for the national airport system for the 2021-2030 period with a vision to 2050, the ministry approved the planning task for the airport. This was formalised under Decision No 1958/QD-BXD on November 6, 2025, with specialized agencies assigned to conduct the planning between 2025 and 2026.

The MoC emphasized that due to the airport’s strategically vital role and limited land fund, the ministry has directed the Civil Aviation Authority of Vietnam (CAAV) and the Airports Corporation of Vietnam (ACV) to select international consultants. This move aims to optimize land use, enhance operational efficiency, and meet the long-term development needs of the Capital Region.

Currently, the international consulting firm is finalizing the inception report and has proposed several planning options to ensure the airport can meet its projected capacity.

To ensure the feasibility of these plans, the ministry expects to consult with the Ministry of National Defense and the Hanoi People’s Committee in August 2026, once the consultants complete their research.

Based on the consensus of relevant agencies, the MoC will direct the urgent finalization of the planning dossier, seek further opinions from ministries and sectors, and submit the plan to competent authorities for appraisal and approval. The goal is to complete this process within 2026.

Once the "Detailed Plan for Noi Bai International Airport for the 2021-2030 period, with a vision to 2050" is approved, the Ministry of Construction will coordinate with the Hanoi People’s Committee to demarcate the airport boundaries. This will serve as the basis for land management and construction order in accordance with regulations.

VnEconomy-Tuấn Khang

Vietnam’s resort real estate market shows signs of recovery

Tue, 28 Jul 2026 09:00:00 GMT

Alongside improving supply and liquidity, the recovery of Vietnam’s tourism industry is expected to remain a key driver supporting the growth of the resort real estate market.

Vietnam’s resort real estate market is entering a recovery phase, supported by a resurgence in new supply and improving market liquidity.

According to BHS Group, the high-rise resort apartment segment recorded a marked improvement in supply during the second quarter of 2026, with the number of newly launched units increasing 3.4 times from the previous quarter. However, total supply in the first half of 2026 reached more than 8,140 units, down 19% from the second half of 2025.

The overall absorption rate stood at 59%, equivalent to more than 4,800 units.

In the second quarter, new supply of leasehold resort apartments exceeded 1,800 units, tripling from the previous quarter and concentrated mainly in northern and southern Vietnam. More than 1,080 units were absorbed during the first six months of the year.

Meanwhile, supply in the long-term ownership resort apartment segment surpassed 5,400 units in the second quarter, with southern Vietnam accounting for 53% of the total. In the first half of 2026, the segment recorded more than 3,700 transactions, with an overall absorption rate of 60%.

The low-rise resort property market also saw a significant increase in supply. Total supply reached 2,970 units in the first half of 2026. Total transactions amounted to more than 2,200 units, lifting the absorption rate to 74.3%.

Alongside improving supply and liquidity, the recovery of Vietnam’s tourism industry is expected to remain a key driver supporting the growth of the resort real estate market.

-Hoàng Bách

First made-in-Vietnam aluminum ingot products announced

Mon, 27 Jul 2026 08:00:00 GMT

After more than 11 years of investment and construction, the Dak Nong Aluminum Electrolysis Plant successfully produced its first aluminum ingot with a purity of 99.71 percent, becoming the first facility in Viet Nam to complete the full value chain from bauxite mining and alumina refining to aluminum electrolysis.

The first domestically made aluminum ingot products were announced at a ceremony held on July 26 at the Dak Nong Aluminum Electrolysis Plant in Nhan Co Industrial Park, Nhan Co Commune, Lam Dong Province.

Thus, Vietnam has successfully produced its first domestically made aluminum ingot products, marking the completion of the country's bauxite–alumina–aluminum production chain and a major milestone in the development of its metallurgy and deep-processing industries, the Government News remarked in its news story on the event.

After more than 11 years of investment and construction, the Dak Nong Aluminum Electrolysis Plant successfully produced its first aluminum ingot with a purity of 99.71 percent, becoming the first facility in the country to complete the full value chain from bauxite mining and alumina refining to aluminum electrolysis.

The plant's first phase has an annual production capacity of 150,000 tons. Output is expected to increase to 300,000 tons by the end of 2026 before reaching its designed capacity of 450,000 tons per year in the first quarter of 2027.

It is expected that once operating at full capacity in 2027, the plant would generate production value of approximately VND35-36 trillion, thus helping reduce aluminum imports by an estimated $1.5 billion each year.

General Phan Van Giang, Politburo member, Deputy Prime Minister and Minister of National Defense, was quoted by the Government News as saying at the ceremony that the successful production of the first aluminum ingot is a historic milestone for Vietnam's metallurgy industry, adding that it demonstrates the country's determination to develop deep-processing mineral industries, enhance value addition and strengthen economic self-reliance.

The Deputy Prime Minister on ministries and relevant agencies to continue improving policies for the development of the aluminum industry, while supporting enterprises in mastering advanced metallurgical technologies, training high-quality human resources and accelerating digital transformation in production.

He said the project reflects the growing technological capability, management capacity and skilled workforce of Vietnamese enterprises, enabling the country to shift from exporting raw materials and semi-finished products toward producing strategic industrial materials.

Domestically produced aluminum is expected to serve key sectors, including electricity, mechanical engineering, automobile manufacturing, railways, aviation, defense, construction and high-tech industries.

Vietnam is estimated to possess around 5.8 billion tons of bauxite resources, most of which are located in the Central Highlands.

-Khanh Chi

Da Nang invests over $79mln in social housing project in Hoa Xuan ward

Sun, 26 Jul 2026 23:30:00 GMT

According to the central city’s master plan, the development will consist of four social housing apartment blocks, including two 15-story and two 19-story buildings, providing a total of 1,326 units.

The People’s Committee of Hoa Xuan Ward in central Da Nang city officially announced details for the Hoa Phuoc Social Housing project. With a scale of over 1,300 apartments, the project is a key step in realizing the city’s social housing development goals in line with Government policies.

The project will be situated on a planned land area of approximately 45,000 sq.m. Developed by Truong Hai Trading Construction Installation Joint Stock Company, the project has a preliminary total investment of over VND2 trillion (nearly 79.3 million).

According to the city's master plan, the development will consist of four social housing apartment blocks, including two 15-story and two 19-story buildings, providing a total of 1,326 units.

The site will also feature 40 five-story townhouses, a five-story service block, and a synchronized system of internal roads, public greenery, and technical infrastructure. The project is expected to accommodate a population of approximately 3,994 people.

The project site currently consists mainly of undeveloped agricultural land, which accounts for nearly 90% of the total area.

The primary objective of the project is to provide social housing units for sale to eligible policy beneficiaries as defined by law. Additionally, the developer will be permitted to manage and trade commercial housing sections within the project.

The implementation period is expected to span 48 months from the date the developer is granted land allocation or lease decisions. Groundbreaking is scheduled for September. 2026.

VnEconomy-Ngô Anh Văn

Hanoi to break ground on 114 social housing projects in H2 2026

Sun, 26 Jul 2026 23:10:00 GMT

Vice Chairman of the Hanoi People's Committee, Mr. Bui Duy Cuong, set a target to complete site clearance within a maximum of three months for projects with favorable conditions, particularly those situated primarily on agricultural land.

To accelerate social housing development, Hanoi authorities have mandated a 50% reduction in administrative processing times and faster site clearance to ensure 114 projects break ground by the second half of 2026.

During a working session on July 23 with relevant parties to review the progress of social housing projects across the city, Vice Chairman of the Hanoi People's Committee, Mr. Bui Duy Cuong, urged localities to be proactive and drastic in site clearance efforts.

He set a target to complete clearance within a maximum of three months for projects with favorable conditions, particularly those situated primarily on agricultural land. For the 89 projects currently undergoing clearance, the city aims for fundamental completion by October 2026.

Mr. Cuong also noted that the city would evaluate the capacity of project developers and take regulatory action against those who lack initiative, fail to cooperate, or cannot meet implementation requirements.

Furthermore, he assigned the departments of Agriculture and Environment, Construction, and Planning and Architecture to strengthen inspections and monitor the progress of every project. These departments are required to submit monthly reports to the City People's Committee, identifying specific projects or localities lagging behind schedule to ensure timely intervention and resolution.

The Vice Chairman urged departments and sectors to focus on streamlining administrative procedures. For applications that meet all legal requirements, the city will immediately proceed with land allocation procedures to enable developers to break ground promptly. This move aims to launch social housing projects as soon as possible, contributing to the capital’s overall housing development goals.

Regarding procedural reforms, earlier the Chairman of the Hanoi People’s Committee issued Directive No. 16/CT-UBND on July 20, focusing on promoting social housing to help realize "double-digit" socio-economic growth targets. In the directive, city leaders mandated a minimum 50% reduction in administrative processing time and the implementation of a "green lane" mechanism (fast-track) for files related to planning, investment, land, and social housing construction.

VnEconomy-Phan Dương

Gia Lai province proposes $650m expressway linking with Le Thanh border gate

Sat, 25 Jul 2026 07:30:00 GMT

The 54-km expressway is designed to connect Quy Nhon-Pleiku Expressway with Le Thanh border gate.

The Gia Lai Provincial People’s Committee has proposed the Ministry of Construction to build the Pleiku-Le Thanh Expressway under a public-private partnership (PPP) model.

Under the proposal, the expressway would be more than 54 km long. The starting point would connect with the terminus of the Quy Nhon-Pleiku Expressway, while the endpoint would connect with National Highway 19 near Le Thanh Border Gate in Ia Dom Commune.

The project is proposed as a fully developed four-lane expressway, with a 24.75-metre roadbed and a designed speed of 100 kph.

The preliminary total investment is estimated at more than VND17 trillion (approximately $650 million), including nearly VND9.3 trillion for construction, nearly VND3.2 trillion for site clearance, and more than VND4.5 trillion for other costs.

Under the proposed PPP structure, private investors would mobilise approximately 30% of the total investment, while the State budget would provide the remaining 70%.

If approved by the competent authorities, investment preparations are expected to take place in 2026-2027, with construction scheduled to begin thereafter and the project substantially completed before 2030.

-Thanh Thủy

HCMC establishes free trade zone linked to Cai Mep Ha port

Sat, 25 Jul 2026 00:40:00 GMT

The FTZ is expected to create space for rapid, sustainable and internationally integrated development in the southeastern region and the country as a whole.

The Ho Chi Minh City People’s Committee has issued a decision to establish a Free Trade Zone (FTZ) linked to the Cai Mep Ha port area, covering a planned area of over 4,174 hectares.

The FTZ will comprise three major functional areas, with eight adjacent sub-zones.

Under the decision, the FTZ will serve as a pioneering pilot model for testing and accumulating experience with preferential institutional mechanisms and an internationally oriented free investment and trade environment.

It is expected to promote institutional reform, serve as a hub connecting Ho Chi Minh City’s production, trade and services with regional and global markets, and become a new growth driver for the city’s development as a Southeast Asian maritime economic hub.

The FTZ is also expected to create space for rapid, sustainable and internationally integrated development in the southeastern region and the country as a whole.

It will place the digital, green and circular economies at the heart of its development, with a focus on green logistics, port clusters and an international transshipment hub serving as key links in global supply chains. It will closely connect the Cai Mep-Thi Vai deep-water port cluster, the Can Gio International Transshipment Port and Long Thanh International Airport.

The FTZ is also envisioned as a green manufacturing and export center for high-value-added products incorporating advanced, environmentally friendly technologies; an innovation hub with integrated, smart and modern infrastructure; and a destination for talent and regional headquarters of multinational corporations operating in logistics, maritime services and international trade.

In terms of operations, the FTZ will include production zones, port and port logistics areas, logistics centers, trade and service areas, and other functional zones in accordance with regulations.

-Nguyệt Hà

Land value assessment

Fri, 24 Jul 2026 08:00:00 GMT

Industry leaders and experts outline the legal reforms needed to unlock Vietnam’s land resources, improve housing affordability, strengthen investor confidence, and support the country’s long-term economic growth.

Mr. Truong Anh Tu, Chairman of the TAT Law Firm

The draft revised Land Law is not just about improving land administration. Its broader goal is to help every square meter of land create greater value for people and the economy. The success of the draft should be measured not by the number of provisions revised but by the value it creates from existing resources.

For years, land policy has centered on planning, pricing, land acquisition, administrative procedures, and land use rights certificates. While the draft addresses these issues, the more important question is whether such reforms will enable land to contribute more to national development. That is the true measure of a modern land policy.

Success should not be judged by the number of certificates issued, regulations enacted, or procedures simplified. Those reflect better administration, but not necessarily stronger development. The real test is whether the Law helps land generate greater economic value.

This requires changing not only the Law but also the way we think about land. Modern governance is measured by how effectively it enables legally-recognized assets to create value with lower costs, less time, and greater legal certainty. The most competitive economies are those that turn resources into capital, investment, productivity, and ultimately better living standards. Land is no exception.

The draft revision should therefore be seen as more than a land management reform. Its greater value lies in creating an institutional framework where legally-recognized assets can be used more efficiently, generate greater value, and contribute more to national development. In doing so, land becomes not just a managed resource, but a driver of growth.

Ultimately, a nation’s strength lies not in the amount of land it owns, but in its ability to turn assets into value. When every square meter of land can generate investment, jobs, credit, and opportunity, the result is not only stronger economic growth but also greater public confidence in institutions that protect and unlock the nation’s resources.

* * *

Mr. Trinh Xuan Duc, Deputy General Director of the Becamex Group

Revisions to the Law on Housing and the Law on Real Estate Business are essential to remove bottlenecks in the market while strengthening the legal framework and supporting social welfare.

Becamex has focused on industrial real estate since the mid-1990s, developing its Industrial Park-Urban Area-Service model with foreign partners. The integrated model combines industrial, urban, and service development, helping communities affected by industrialization while supporting regional economic growth.

Industrial parks are now a key driver of local development. However, despite the success of the Industrial Park-Urban Area-Service model, it still lacks a dedicated legal framework. Though the Ministry of Construction is drafting policy groups for both laws, none specifically cover this model.

The revised Law on Housing should also clearly distinguish between different housing categories. For affordable commercial housing, it should specify incentives for eligible developers. For accommodation properties, including serviced apartments, officetel units, and shophouses, it should clearly differentiate commercial housing from rental housing for industrial park workers. Worker accommodation should also be available to workers’ families rather than being limited to individual employees.

Regarding Article 5, Becamex proposes that housing development plans should not require revision whenever provincial or urban plans change, provided the intended housing purpose remains the same.

The group also recommends amending Article 10, arguing that the draft’s provisions on simplified contractor appointment should align with existing bidding regulations, which do not apply to State-owned enterprises with less than 100 per cent State ownership.

Finally, the revised Law on Housing should introduce clearer mechanisms and incentives to encourage private sector investment in rental housing.

* * *

Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association

Our Association notes that the Law on Housing 2023 recognizes permanent home ownership linked to long-term residential land use rights, while also introducing the concept of fixed-term home ownership, under which buyers own a property for an agreed period before returning it to the seller.

To align with this framework, we propose amending Clause 2, Article 172 of the Land Law 2024 to specify that the land allocation or lease term should be calculated from the date the competent authority approves a project transfer, partial project transfer, land use extension, change in land use form, or decision resolving a land law violation.

Under the current law, the land use term is calculated only from the original land allocation or lease decision, leaving project transferees with only the remaining land use period and reducing the attractiveness of long-term investment.

For example, if a 50-year commercial or tourism project is transferred after 30 years, the new investor is left with only 20 years of land use rights, limiting its ability to expand operations. The same issue affects long-delayed projects expected to be resolved under Resolution No. 29/2026/QH16, as well as condotel projects whose land use terms remain significantly shortened despite subsequent legal resolutions.

We also recommend amending Clause 3, Article 172 to allow land users to extend or adjust land use terms more flexibly based on investment and business needs. The current requirement to apply for an extension at least six months before expiry is too rigid and does not accommodate changing business circumstances, such as partnerships or project expansion.

In addition, many distressed real estate projects secured by bad debts and auctioned through the Vietnam Asset Management Company (VAMC) have limited remaining land use terms, significantly reducing auction values. This not only lowers State budget revenue but also discourages investors from acquiring and reviving these projects.

* * *

Mr. Dau Anh Tuan, Deputy Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI)

Vietnam’s land-related legal framework has undergone sweeping changes in just a short period of time. The Land Law 2024, the Law on Housing 2023, the Law on Real Estate Business 2023, the Law on Bidding 2023, and the Law on Investment 2025, as well as related decrees, all took effect within a relatively short timeframe. At the same time, administrative restructuring, including provincial mergers and the removal of the district level, has created unprecedented transitional challenges.

While these reforms are necessary, their simultaneous implementation has exposed inconsistencies across related laws. Many businesses say implementing decrees and circulars have been delayed, remain incomplete, or lack sufficient clarity, making it difficult to prepare, appraise, and approve projects.

The business community has put forward four key recommendations. First, the Land Law should allow the State to allocate or lease land directly to successful investor consortiums and recognize their joint responsibility for financial obligations and project implementation. It should also confirm that project companies established by investors are eligible to receive land regardless of the investor selection method, ensuring consistency across the Land Law, the Law on Investment, and the Law on Bidding while reducing compliance costs.

Second, VCCI proposes removing, or at least limiting, the additional 3.6 per cent charge when delays in land valuation are caused by State authorities. Secondary investors should not bear this cost. It also recommends adjustment coefficients for large mixed-use projects and allowing provisional land payments based on independent valuations to prevent project delays.

Third, the Land Law should clarify that land transfers and mortgages take legal effect upon registration in the land registry. It should also allow assets eligible for enforcement under court judgments to be seized and auctioned without first extending land use terms. Additional guidance is needed on determining household land users, allowing mortgages over annually leased land use rights, and expanding foreign investors’ rights in bad debt resolution.

Fourth, conflicting provisions across the Land Law, the Law on Housing, and the Law on Real Estate Business should be harmonized, particularly those governing land registration and certificate issuance. Nationwide guidance is also needed on airport land management transfers, planning coordination, and the digitalization of land data.

Though these obstacles appear across different areas, they stem from two root causes: inconsistencies between related laws and delays in implementation. Every stalled project locks up land, investment capital, and State revenue.

The business community welcomes the National Assembly’s and government’s commitment to amending the Land Law to unlock development resources. If the reforms focus on practical implementation while reducing compliance costs and legal risks, Vietnam’s land legislation can become a powerful driver of investment, strengthen investor confidence, and support the country’s ambition of becoming a high-income developed economy.

* * *

Mr. Nguyen Quoc Hiep, Chairman of the Vietnam Association of Construction Contractors and Chairman of GP.Invest

A persistent supply shortage was seen in Vietnam’s real estate market between 2020 and 2024, particularly in the mid-priced housing segment. The problem stemmed less from weak demand than from lengthy approval procedures and project delays that constrained new supply.

Since 2025, however, the outlook has improved, as institutional bottlenecks have gradually been removed, allowing stalled projects to resume and new projects to be approved. Housing supply is expected to rise sharply in 2027-2028. While this is a positive shift, demand has yet to recover at the same pace, raising the prospect of stronger competition if supply outpaces market absorption.

Normally, higher supply would ease prices. Instead, construction costs have risen sharply, with material and labor costs up by around 20 per cent, leaving developers little room to cut prices. If this trend persists, unsold inventory could increase, placing greater financial pressure on developers and the banking system.

Borrowing costs remain another challenge. Commercial lending rates are around 11.5-12 per cent per annum, while most developers continue to rely heavily on bank financing. High interest rates also make housing less affordable for buyers.

Given the tight credit conditions, we propose that the State Bank of Vietnam require commercial banks to lend only to developers with strong capital adequacy, while prioritizing financing for ongoing projects to prevent them from being left unfinished. For social and affordable housing, the government should provide interest rate subsidies to participating banks.

To ease project delays caused by financial constraints, we also recommend revising Article 41 of the Law on Real Estate Business 2023 to make full and partial project transfers more flexible, particularly for phased developments.

We further believe Vietnam’s land valuation mechanism should be reviewed. Though the Land Law 2024 aims to balance the interests of the State, land users, and investors, current valuation methods do not adequately reflect the interests of businesses.

While higher land prices may facilitate compensation and site clearance, they also increase development costs and property prices. In the long run, the gains from higher budget revenue or compensation could be outweighed by weaker housing affordability and slower economic development.

* * *

Mr. Neil MacGregor, CEO of Savills Vietnam

With more than two-thirds of the world’s population expected to live in cities by 2050, urban areas face growing pressure to provide sufficient and sustainable housing. Savills’ Impact report estimates that 1.6 billion people worldwide still lack adequate housing.

An International Monetary Fund (IMF) study of 200 global cities found that 90 per cent are now classified as unaffordable, while UN-Habitat estimates that around 96,000 affordable homes must be built every day through 2030 to narrow the gap.

Vietnam reflects this global trend. Affordable housing is becoming increasingly scarce, with average primary prices in Hanoi and Ho Chi Minh City exceeding VND100 million ($3,846) per sq m, while homes priced below VND50 million ($1,923) per sq m are rare. Most new supply is concentrated in the mid and high-end segments, prompting more buyers to look to suburban areas and neighboring provinces with better transport links.

Globally, housing is increasingly being viewed as infrastructure rather than simply a real estate product. Integrating housing into long-term urban planning, infrastructure investment, and financing strategies not only supports sustainable development but also attracts long-term institutional capital that is better aligned with the sector’s funding needs.

Singapore has successfully adopted this model, with more than 80 per cent of its population living in quality public housing. By contrast, cities such as London and New York continue to struggle with housing supply because of high costs, regulatory constraints, and financing challenges.

Vietnam now has an opportunity to take a more long-term approach as the government continues to remove market bottlenecks. Legal reforms and major infrastructure investment are expected to improve housing supply in the years to come.

Since July 2026, the market has operated under new real estate laws and updated land price frameworks. Though these changes may increase costs in the short term, they should create a more transparent and consistent system for land valuation and project approvals - two of the main constraints on housing supply.

At the same time, major public investment in transport infrastructure, including Ho Chi Minh City’s Ring Roads 3 and 4 and Metro Line 2, and Hanoi’s five planned metro lines, is opening new opportunities for housing development. Combined with Transit-Oriented Development (TOD), these projects could create more sustainable residential growth.

Over the long term, integrating housing with infrastructure planning will help expand supply more sustainably, improve affordability, promote more efficient land use, and create a more resilient urban ecosystem capable of meeting future housing demand.

* * *

Dr. Dang Kim Son, Former Director of the Institute of Policy and Strategy for Agriculture and Rural Development (now the Institute of Strategy and Policy on Agriculture and Environment)

Vietnam has one of the world’s lowest levels of agricultural land per capita, yet its farmers and businesses have used this limited resource efficiently, making the country the world’s 15th-largest agricultural exporter and one of the leading exporters in the region. However, despite agriculture’s strong performance, land has yet to be fully recognized as a key driver of growth.

While there is little room to expand farmland and crop yields are already relatively high, land use efficiency and land quality still have significant potential for improvement. Just as land reform helped drive Vietnam’s economic transformation four decades ago, more effective land policies today could lay the foundation for the country’s development over the next 20 years.

Developing large-scale agricultural production zones requires more than farmland. It also depends on an integrated ecosystem of research and training institutions, quality control and technology transfer, processing industries, logistics, storage, transport infrastructure, and supporting residential and commercial land.

Vietnam’s agriculture is evolving from agricultural production to an agricultural economy, shifting from volume-based growth driven by small farmers to higher-value, more sustainable production linked with food processing, logistics, trade, tourism, and rural industries. At the same time, the country is moving beyond exporting agricultural products to exporting agricultural expertise, technology, equipment, management, and integrated production systems.

Against this backdrop, the government’s five-year land use planning should allocate sufficient land for establishing regional agricultural hubs serving major ecological zones, such as Can Tho for the Mekong Delta, Nha Trang and Da Nang for the central coastal region, and Buon Ma Thuot for the central highlands. These hubs should include land for research, training, logistics, processing industries, and high-tech agriculture.

Localities should also integrate large specialized farming areas with industrial, service, and logistics clusters, while making better use of underutilized land held by former State farms, armed forces, and inefficient non-agricultural projects to attract leading agribusiness investors.

At the same time, any conversion of agricultural land to other uses should be carefully managed to protect this valuable resource, safeguard long-term food security, and preserve decades of investment in irrigation and other agricultural infrastructure.

Toward fair compensation for land recovery

Thu, 23 Jul 2026 04:00:00 GMT

The legal framework surrounding Transit-Oriented Development must fully address compensation, resettlement, and livelihood restoration policies for affected residents.

Vietnam is accelerating investment into metro networks and Transit-Oriented Development (TOD), making it increasingly critical to establish appropriate policies on land recovery, resettlement, and land value capture.

The Land Law 2024 introduced provisions allowing land recovery for projects in areas surrounding transportation hubs and transport corridors with development potential (Clause 26, Article 79), while also establishing principles governing land development, management, and utilization (Article 112). These provisions provide a legal foundation for mobilizing land resources to support infrastructure and urban development.

However, the current framework primarily establishes broad principles and lacks sufficiently robust mechanisms to effectively capture the increase in land values generated in TOD areas. It also does not comprehensively address compensation, resettlement, and livelihood restoration policies for residents affected by such projects.

Making TOD work

Experience from implementing urban railway networks and other large-scale public transportation projects shows that land values around stations and along TOD corridors rise rapidly following infrastructure investment. Yet land development in surrounding areas remains fragmented, with limited coordination between transport infrastructure investment and urban development.

At the same time, when land is acquired in central districts or TOD areas, many affected households are relocated far from their original communities, disrupting their living conditions, employment, and livelihoods. This is particularly problematic given that these locations often possess significant commercial and service value.

To implement TOD effectively, Vietnam should draw on the experience of countries that have successfully adopted similar models. One example is the Rail + Property (R+P) model developed by Hong Kong (China)’s MTR (Mass Transit Railway). Under this approach, the government acquires land in designated TOD station areas and adjacent urban districts before transferring it to MTR, the majority State-owned railway operator.

The Urban Renewal Authority provides compensation based on current market property values while also offering a housing allowance that enables affected residents to purchase a replacement property equivalent to a seven-year-old apartment of similar size in the same district. The objective is to ensure displaced residents can either purchase a higher-quality home nearby or be accommodated within the city’s public housing system.

The Hong Kong (China) administration also grants MTR development rights for land surrounding stations and railway depots along new rail lines. MTR pays the government a land premium based on the market value of the land before the railway line is built. The corporation then partners with private developers to build residential and commercial projects above and around stations, receiving returns through a share of development profits, ownership of selected commercial assets, or fixed payments. These revenues are used to finance the construction of new railway lines, while private developers earn profits from their allocated commercial real estate.

The model has delivered significant results. More than 4 million sq m of residential floor space has been developed since 1995. Between 1980 and 2005, the Hong Kong (China) Government generated approximately HK$140 billion ($17.9 billion) in net revenue from the program. MTR reported profits of $2.72 billion in 2017, while its 2025 annual report recorded net profit exceeding HK$14.6 billion ($1.87 billion). The success of the model rests on several key conditions: high population density, limited land supply resulting in high land and housing prices, extensive government land ownership, and a clear legal framework governing development rights.

Japan offers another notable example through its integration of TOD with urban redevelopment. When an aging urban neighborhood, typically comprising older residential areas or low-rise buildings near railway stations or planned boulevards, is selected for TOD redevelopment, an independent valuation council first conducts surveys and property assessments. Rather than simply determining cash compensation, each property’s value, including land area, building floor area, and location, is converted into an original ownership ratio for each landowner across the redevelopment project.

Residents voluntarily transfer their land use rights to the government or project developer, allowing the land to be cleared for public infrastructure, including roads, plazas, railway stations, and parks. The remaining core land - or, where engineering conditions permit, land directly above stations or major transport corridors - is then used to develop one or more mixed-use high-rise towers.

To facilitate redevelopment, authorities allow significantly higher floor area ratios (FAR) and greater building heights, reflecting the fact that substantial land has already been dedicated to public roads and open space.

Once construction is completed, ownership rights are redistributed. Residents’ original ownership ratios are converted into ownership of new apartments within the completed towers, with allocations corresponding to the value of their former properties. Additional apartments created through higher allowable FAR can then be sold or auctioned, generating financial resources to help fund public infrastructure investment.

Policy recommendations

Based on international experience, we propose several policy recommendations for Vietnam. First, for TOD projects, policymakers should shift from the traditional mindset of “recovering land for urban development” to one of “urban restructuring through shared benefits.” Residents living within TOD areas should not only receive compensation and resettlement assistance but also be guaranteed continued access to employment opportunities, public services, and a fair share of the increase in land value generated by infrastructure investment.

Second, the Land Law should be amended to include a more comprehensive legal framework for TOD, including the following provisions.

It should establish mechanisms for the integrated development of land surrounding public transportation infrastructure in accordance with approved planning. Investors should be permitted to simultaneously implement transport infrastructure projects alongside residential, commercial, and service developments within TOD areas. Revenue generated from increases in land value should be prioritized for reinvestment in public transportation systems and urban infrastructure.

The Law should also prioritize on-site resettlement, or resettlement within the same TOD area, for households and individuals whose land is acquired. This may be achieved through the allocation of residential land or apartments, enabling affected residents to continue benefiting from urban development while minimizing displacement to locations far from city centers.

In addition, compensation, support, and resettlement plans for TOD projects should be required to include comprehensive livelihood restoration measures. These plans should assess the impacts on employment, business activities, and household incomes, while providing vocational training, job transition assistance, and opportunities for residents to participate in commercial, service, and tourism activities after project completion.

Unlocking urban renewal

Vietnam’s major cities continue to face mounting challenges, including traffic congestion, environmental pollution, and severe housing shortages. As a result, alongside developing new urban and residential projects, the country must also accelerate the redevelopment of aging urban districts. However, progress in urban renewal has remained largely stagnant for many years due to the absence of appropriate legal and policy mechanisms governing compensation, resettlement, and redevelopment.

The Land Law 2024 introduced provisions on land pooling and land readjustment (Article 219), creating an initial legal framework for urban renewal and the redevelopment of rural residential areas while minimizing compulsory land acquisition and balancing the interests of the State, investors, and land users. This represents an important policy advance consistent with Resolution No. 18-NQ/TW and international trends in urban development.

Nevertheless, the current provisions remain largely principle-based. They do not comprehensively define implementation procedures, eligibility conditions, or mechanisms for sharing benefits among stakeholders. Nor do they establish methodologies for determining land contribution ratios, allocating land following readjustment, or addressing situations where consensus cannot be reached among all land users.

As a result, land pooling and land readjustment have rarely been implemented in practice. Most urban redevelopment projects continue to rely on compulsory land acquisition by the State, leading to substantial compensation costs and prolonged site clearance processes.

(*)Associate Professor Tran Van Tuan is the Head of the Department of Land Management, University of Science, Vietnam National University Hanoi.

- Associate Professor Tran Van Tuan(*)

Hanoi's special task force for social housing established

Thu, 23 Jul 2026 01:30:00 GMT

The task force is tasked with monitoring and directing solutions to accelerate social housing investment across the city. It must strictly implement the city's directives to ensure that construction on social housing projects officially commences in 2026 and early 2027.

Under Decision No. 3659/QD-UBND, recently issued by the Chairman of the Hanoi People's Committee, a Special Task Force dedicated to the investment and construction of social housing has been established, with an expectation to bolster the city’s socio-economic growth for 2026 and beyond.

According to the decision, the Director of the Hanoi Department of Construction will serve as the leader of the task force. The leader is responsible for presiding over operations, assigning duties, and adjusting the responsibilities of members in alignment with practical requirements and the City People's Committee's directives. Furthermore, the leader is authorized to establish a support group (if necessary), comprising leaders of professional divisions and specialists from the city's various departments, agencies, and local People’s Committees.

The task force is tasked with monitoring and directing solutions to accelerate social housing investment across the city. It must strictly implement city directives to ensure that construction on social housing projects officially commences in 2026 and early 2027.

The task force will also perform regular inspections and supervision of project progress. This includes monitoring implementation at the commune and ward levels, updating progress reports, categorizing projects based on their completion status, and identifying any emerging bottlenecks.

In a move to streamline operations, the task force will coordinate with departments, local authorities, and investors to fast-track project implementation. Relevant units have been directed to cut administrative processing times by at least 50%. A "green lane" (priority) mechanism will be applied to procedures involving planning, investment, land, and construction to meet the goal of breaking ground on projects by 2026 and early 2027.

Additionally, the task force is responsible for reviewing and promptly resolving obstacles related to administrative procedures, land clearance, compensation, and resettlement. It will also focus on housing support policies for social beneficiaries, as well as addressing challenges regarding investment capital and tax incentives for social housing projects.

VnEconomy-Thanh Xuân

In need of a comprehensive national land database

Wed, 22 Jul 2026 10:50:42 GMT

Plans are in place to ensure a full and complete land database is compiled and ensure that every land parcel is assigned a digital record

Vietnam’s national land database has been identified as one of the key pillars of the country’s digital transformation agenda. Beyond supporting State administration, the database is designed to provide “accurate, complete, clean, live, standardized, and shared” data, with the broader goals of streamlining administrative procedures, improving transparency, and safeguarding the legitimate rights and interests of citizens and businesses.

Building the foundation

The Department of Land Management at the Ministry of Agriculture and Environment (MAE) said the Ministry has been working with the Ministry of Public Security (MPS) to implement a nationwide campaign under Plan No. 515 to enrich and cleanse land data. The initiative aims to establish a foundation for e-government and strengthen land administration by providing transparent, efficient, and accountable tools for policy implementation and decision-making at all levels of government.

It is also intended to improve the delivery of public land services and facilitate the handling of land-related administrative procedures for individuals and businesses through digital platforms.

The national land database is being integrated, synchronized, and shared with other national and sectoral databases to enable seamless data exchange across government agencies and maximize the value of digital resources.

Authorities have emphasized that the database must meet the standards of being “accurate, complete, clean, live, standardized, and shared,” while remaining fully aligned with Vietnam’s new two-tier local government structure.

Under Politburo Resolution No. 79-NQ/TW, issued on January 6, 2026, on developing the State economy, Vietnam aims to complete nationwide land surveying, statistics collection, digitization, and data cleansing by the end of this year, while ensuring interoperability with other national databases.

To support this objective, the Department has advised the MAE on issuing or proposing for issuance a series of key legal documents. Among the most significant is Prime Ministerial Directive No. 05/CT-TTg, dated February 13, 2026, which calls for mobilizing resources to accelerate cadastral mapping, land registration, cadastral record preparation, and the development of the national land database.

In response, the MAE and the MPS jointly issued Plan No. 2959/KH-BNNMT-BCA to accelerate cadastral surveys, mapping, cadastral record preparation, and land database development nationwide. The plan aims to ensure that every land parcel in Vietnam is assigned a digital record.

To address implementation challenges, the MAE also issued Circular No. 19/2026/TT-BNNMT on March 30, 2026, providing technical guidance on integrating cadastral surveying, land registration, cadastral record preparation, and national land database development.

At the same time, the Department has standardized five technical processes nationwide, covering database governance and operation in accordance with the “accurate, complete, clean, live” standard, data enrichment and cleansing, database development in areas without existing records, creation of digital data where cadastral maps are unavailable, and restructuring local administrative processes to maximize the reuse of digitized information while reducing paperwork.

Digital progress

The national land database has advanced rapidly in recent years. Speaking at an MAE conference reviewing the first half of 2026, Director of the Department of Land Management Dao Trung Chinh outlined the latest progress.

As of June 29, 2026, digital records had been created for more than 68.2 million of Vietnam’s 100.68 million land parcels, equivalent to approximately 68 per cent of the total. Among them, nearly 33.9 million parcels have met the “accurate, complete, clean, live” standard, representing more than 48 per cent of all digitized parcels. These records are now ready for real-time operation to support both land administration and broader socio-economic development.

On data integration, authorities have conducted approximately 87.4 million verification and matching transactions with the National Population Database across 67.5 million land parcels and associated assets. Ownership and asset information has been successfully verified for more than 38.2 million parcels.

A total of 67.5 million land parcels have been synchronized with the national land database, including 32.66 million Group 1 parcels and 34.85 million Group 2 parcels. In addition, more than 1.06 million parcel records have been synchronized with the National Data Center.

Authorities have also assigned unique identification codes to approximately 69.7 million land parcels, reducing duplicate records and creating a foundation for integration with Vietnam’s National Digital Address Platform.

Administrative reform has also gained momentum. Twenty of Vietnam’s 34 provinces and centrally-governed cities have restructured their land administrative procedures by fully utilizing the land database alongside the National Population Database.

Nearly 47 per cent of land-related administrative procedures have now been restructured. Authorities have received more than 2.85 million applications through digital platforms, with approximately 2.69 million, or 94.4 per cent, processed entirely online.

The Department of Land Management said the national land database is now one of four critical national databases operating under real-time integration and synchronization with the National Data Center, in line with the roadmap established by the Central Steering Committee.

Land for growth

Despite significant progress, approximately 34.3 million land parcels already included in the database still do not meet the “accurate, complete, clean, live” standard. Many of these records were created years ago under older technical standards and have not been fully updated. Common issues include missing ownership information, unrecorded changes in land use rights, duplicate records, and overlapping data following the consolidation of commune-level administrative units.

For parcels that have yet to be digitized, many areas still lack official cadastral surveys and maps. In other locations, cadastral maps exist but have not been updated following land consolidation or land acquisition.

Land data is increasingly viewed as the foundation for restructuring administrative procedures by reducing paper-based documentation and maximizing the use of information already available across national databases.

The continued development of the national land database is expected to fundamentally modernize land administration by improving transparency, efficiency, and governance. It also provides the foundation for broader data sharing across government agencies, supports administrative reform, enhances public services for citizens and businesses, and advances the development of Vietnam’s digital government.

Speaking at a June conference reviewing implementation of Prime Ministerial Directive No. 05 and Joint Plan No. 2959 on cadastral mapping and national land database development, Deputy Prime Minister Ho Quoc Dung emphasized that the database is central to shifting public administration toward a development-oriented governance model.

He said it would underpin reforms in national governance, accelerate digital government, the digital economy and digital society, streamline administrative procedures, and unlock land resources to support socio-economic development.

According to the Deputy Prime Minister, a national land database that is “accurate, complete, clean, live,” standardized, and shared nationwide will significantly improve the efficient use of land resources and contribute to the country’s long-term development. He described the initiative as one of the government’s highest priorities in recent years.

He also stressed three guiding principles for implementation: maintaining the completion target without delay, preserving data quality without compromise, and ensuring that all completed data is immediately usable rather than left idle. “The database should be put into operation as soon as each component is completed, serving citizens, businesses, and government administration,” he said.

Looking ahead, the Deputy Prime Minister said every land parcel should ultimately have a complete, up-to-date, standardized, verified, synchronized, and connected digital record that can be used in practice; a core requirement for ensuring the database delivers its intended benefits for governance and national development.

-Nhi Anh

Industrial real estate market in northern Vietnam maintains growth momentum in H1 2026

Tue, 21 Jul 2026 23:35:00 GMT

The growth supported by new supply, stable leasing demand and strong absorption of industrial land.

Industrial real estate market in northern Vietnam continued to grow in the first half of 2026, supported by new supply, stable leasing demand and strong absorption of industrial land, which reached its highest level since the first quarter of 2024.

According to CBRE Vietnam, the northern ready-built warehouse and factory market welcomed several large-scale projects during the first six months of the year, mainly in Bac Ninh and Hung Yen pr. Total new supply reached approximately 430,000 square meters, with more than three-quarters coming from ready-built factory projects.

However, the continued addition of new supply pushed the average occupancy rate of ready-built factories in the northern Tier-1 market to 82.7% in the second quarter, down 3.6 percentage points from the previous quarter and 4.2 percentage points year-on-year.

The ready-built warehouse segment, meanwhile, recorded more positive developments as new supply remained moderate while leasing demand from logistics companies and manufacturers stayed strong. Its average occupancy rate reached 85.3% in the second quarter, up 5.1 percentage points quarter-on-quarter and 1.1 percentage points year-on-year.

Average rents in the Tier-1 market stood at $4.9 per square meter per month for ready-built warehouses and $5.1 per square meter per month for ready-built factories, representing annual increases of 5.4% and 3%, respectively.

For industrial land, total net absorption in northern Tier-1 provinces and cities exceeded 217 hectares in the first half of 2026, the highest level since the first quarter, 2024, indicating a clear recovery in demand.

Meanwhile, average industrial land rents reached approximately $143 per square metre for the remaining lease term, up 2.9% year-on-year. The occupancy rate also rose to 81.3%, increasing 1.8 percentage points from the previous quarter and 0.6 percentage points from a year earlier.

-Thanh Xuân

Strengthened land valuation

Tue, 21 Jul 2026 10:30:00 GMT

The land valuation process has been strengthened by recent legal instruments given the role prices play in subsequent calculations.

Land valuation has long been one of the most challenging aspects of implementing Vietnam’s land legislation, with direct implications for State budget revenues, project timelines, and the livelihoods of residents affected by land clearance.

Speaking at a July 7 seminar entitled “Valuation in Land Management and Use: Current Situation and Solutions,” organized by the State Audit Office of Vietnam (SAV), Mr. Bui Quoc Dung, Deputy Auditor General, said land is a vital national resource, serving as a fundamental production asset, a platform for development, and one of the country’s most valuable public assets.

Recent legal reforms and related regulations, he continued, have created a more transparent and market-oriented framework for land valuation, while strengthening decentralization and accountability.

He noted that new regulations took effect on July 1, requiring that land prices be adjusted according to different land categories and local conditions, which has significant implications for government agencies, local authorities, and businesses.

Against this backdrop, Mr. Dung said the SAV aims to use audits to improve policies, strengthen State management, prevent corruption, and help businesses and citizens comply with the law.

Implementation hurdles

Mr. Vo Anh Tuan, Deputy Director of the Department of Land Management at the Ministry of Agriculture and Environment, said land prices are central to calculating land use fees, land rents, auction reserve prices, compensation, and other financial obligations. Inaccurate valuations can therefore result in lost budget revenues, disputes, project delays, and inefficient land management.

Replacing the land price framework under the Land Law 2024 with annually updated provincial land price lists, he added, is a major step toward aligning State-set prices with market values. While local governments have begun implementing the new system, challenges remain, including limited market data, shortages of experienced valuation officials, an insufficient number of qualified valuation firms, and reluctance among some consultants to undertake specific land valuation assignments.

Mr. Pham Van Binh, Deputy Director of the Price Management Department at the Ministry of Finance, said the biggest obstacle remains the lack of reliable market data. Though Vietnam’s real estate market has expanded rapidly, databases on land and property transactions remain incomplete, fragmented, and insufficiently transparent. Transaction values recorded in notarized contracts or tax declarations often fail to reflect actual market prices, while data held by tax authorities, land registration agencies, notary offices, real estate exchanges, and financial institutions remain scattered with no effective data-sharing mechanism.

Land valuation is further complicated by the unique characteristics of each property, Mr. Binh noted. Differences in land use, planning, infrastructure, legal status, commercial potential, and development prospects make it difficult to identify comparable assets, particularly for large-scale projects such as industrial parks, commercial developments, hotels, hospitals, and schools.

He also highlighted incomplete legal documentation for older properties, limited data on construction and replacement costs, and the uncertainties associated with the residual valuation method, which depends heavily on assumptions about future revenues, investment costs, project timelines, and market conditions.

In addition, valuers must navigate an evolving legal framework covering land, investment, construction, real estate, taxation, and public assets, while Vietnam has yet to establish a comprehensive national land and property database. The use of AI, big data, geographic information systems (GIS), and automated valuation models (AVMs) also remains at an early stage, leaving much of the work dependent on manual data collection and professional judgment.

“These challenges affect not only the quality of valuation results but also the implementation of investment projects, public asset management, bad debt resolution, judgment enforcement, and legal proceedings,” Mr. Binh added.

Local challenges

The challenges identified by ministries are also being felt by local governments, including Khanh Hoa and Gia Lai provinces.

Mr. Cao Thanh Thuong, Director of the Gia Lai Provincial Department of Agriculture and Environment, said the newly-expanded Gia Lai province spans coastal, highland, and mountainous areas with vastly different land markets, exposing weaknesses in all three principal valuation methods.

Under the comparison approach, the widespread practice of declaring different prices in notarized land transactions continues to undermine reliable market data. In many mountainous areas, where few transactions have taken place in the past two years, finding comparable properties is often impossible, leaving adjustments heavily dependent on professional judgment.

The income approach can also produce distorted results because land values are tied to the financial performance of nearby businesses. Profitable businesses can inflate valuations, while loss-making operations may even result in negative land values, requiring authorities to fall back on official land price lists.

For the residual approach, Mr. Thuong cited two key challenges: estimating future project revenues in illiquid markets and relying on construction cost benchmarks that often lag market conditions. Though investor-prepared cost estimates may be independently reviewed, they are not verified by State agencies, leaving room for disputes. He noted that post-audit findings frequently focus on these assumptions.

A representative from VALID Valuation Co., Ltd. said another growing concern is consultants’ reluctance to take on land valuation work because of legal risks. Recent prosecutions involving valuation firms have made many consultants wary of accepting large projects, particularly while the concept of land prices being “close to market value” remains open to interpretation.

The firm also noted that valuations often take longer than expected because consultants depend on information from multiple agencies, while service fees remain low despite significant professional responsibility. At the same time, there are no clear legal safeguards for consultants and appraisers who fully comply with prescribed valuation methods and procedures.

Calls for comprehensive reforms

To address these bottlenecks and create a more effective land valuation system that balances the interests of the State, citizens, and investors, VALID proposed four key reforms.

First, it called for accelerating the development of a national land information database by requiring all real estate transactions to be digitized and disclosed through property exchanges or the banking system.

Second, the company recommended introducing clearer criteria and acceptable margins of error for valuation methods, particularly the residual approach. It argued that land valuation is an estimation exercise and should not be expected to deliver the mathematical precision of an exact calculation.

Third, it proposed establishing legal safeguards for appraisers and consulting firms. Where consultants have fully complied with legal procedures and relied on objective information available at the time of valuation, their conclusions should be respected and protected.

Fourth, VALID called for streamlining procurement procedures for valuation services by simplifying the selection of consultants through direct appointments or shortlists of pre-qualified firms, helping accelerate project implementation.

Better coordination

Representatives from local authorities urged central agencies to accelerate the development of a national land price database, address the persistent problem of dual pricing in land transactions, standardize key assumptions used in the income and residual approaches, and strengthen the accountability of valuation consultants.

They also called for closer coordination between local governments and the SAV to establish consistent interpretations of regulations when market data is incomplete, giving local authorities greater confidence in making land valuation decisions.

In addition, they proposed assessing officials’ accountability based on compliance with the laws and procedures in force at the time of valuation, while distinguishing procedural violations from legitimate differences in professional judgment or subsequent market fluctuations.

Drawing on audit experience across numerous localities, representatives from Regional State Audit Office No. VIII said land valuation is a multidisciplinary process that requires balancing legal, planning, financial, market, and technical considerations, making close coordination between government agencies, consultants, and other stakeholders essential.

The office said improving land valuation will require stronger cooperation between authorities and consulting firms, while the SAV will continue using its audit findings to recommend legal and policy reforms. “This will help improve the effectiveness of State land management while ensuring that land resources are managed and utilized in a more transparent, efficient, and sustainable manner,” an SAV representative said.

-Phan Nam

Improvement of legal framework needed for land management

Tue, 21 Jul 2026 10:00:00 GMT

A host of measures have been put forward to address the shortcomings identified in the legal framework governing land.

Chairing the “Orientations for Improving the Legal Framework on Land and Amending the Land Law to Unlock Resources for Socio-Economic Development in a New Era” seminar, held in early July, National Assembly Deputy Chairman Nguyen Hong Dien emphasized strengthening the effectiveness and efficiency of State land management.

Transforming land into a strategic resource, competitive advantage, and key driver of national development, he continued, requires a fresh and innovative approach to reforming the legal framework on land, including amendments to the Land Law and related legislation.

He also called for further clarifying the State’s role as the representative of the people; the collective owners of land. The objective, he said, is to unlock land resources without weakening State oversight, promote development while preventing losses, waste, and rising inequality, and safeguard the legitimate rights and interests of citizens.

Balancing interests

Associate Professor Nguyen Quang Tuyen, Vice Chairman of the Council of Hanoi Law University, told the seminar that implementation of the Land Law 2024 has exposed new bottlenecks that are hindering efforts to unlock land resources for development. Provisions governing land recovery, compensation, and site clearance require further review, with revisions aimed at balancing the interests of the State, affected communities, businesses, investors, and land users.

He argued that compensation should go beyond covering lost land and assets to help affected people restore their livelihoods and improve their standard of living. For residential land, compensation should be sufficient for households to purchase or rent a new home if the State cannot provide resettlement housing. He also called for compensation to address the broader impacts of land recovery on cultural heritage, the environment, and local ecosystems, while allowing communities to share in the benefits of development projects.

Land recovery should serve the national and public interest while supporting sustainable development, he added, while administrative procedures should be simplified to give investors faster and more affordable access to land.

To strengthen the Land Law 2024, he proposed allowing farmers whose land is acquired to share in the economic gains of development projects, in addition to receiving compensation and resettlement support. He also urged businesses to prioritize hiring people from affected households and called for incentives to encourage the practice.

For transport and urban infrastructure projects, he proposed allowing the State to acquire adjacent land, not just the land needed for construction, to create a clean land bank. Frontage land could then be auctioned after infrastructure is completed, with the proceeds used to finance compensation and resettlement. He believes the approach would improve compensation, create a sustainable funding source, and reduce delays caused by site clearance.

He also recommended incorporating provisions on land pricing, compensation, and land recovery from National Assembly Resolution No. 254/2025/QH15 into the Land Law 2024, to improve legal consistency. In addition, he called for compensation based on replacement value that covers both material and non-material losses, including resettlement costs, lost livelihood opportunities, and other indirect impacts. He also proposed more flexible rules for people lacking complete land or property documentation, particularly in remote and disadvantaged areas.

Finally, he recommended assigning disputes over land prices, compensation, and resettlement either to the People’s Courts or, in commercial land recovery cases, to commercial arbitration to ensure an independent and impartial resolution process.

Beyond land valuation

Associate Professor Hoang Van Cuong, Vice Chairman of the Vietnam Economic Association and former Vice Rector of the National Economics University, said most policies governing land allocation, leasing, recovery, compensation, land use rights auctions, taxation, land use fees, and real estate development are built on land valuation.

Land prices underpin the entire land finance system and are a key tool for the State to allocate resources, regulate economic interests, and manage land in a market economy. As such, the quality of the land valuation system affects not only State budget revenue but also land use efficiency, market transparency, and the balance of interests between the State, land users, and investors.

However, he noted that core concepts, including land price, the value of land use rights, land valuation, land price schedules, and specific land prices, remain inconsistently understood in both academic research and policymaking. This lack of clarity has made land-related economic policies more difficult to implement.

The Associate Professor emphasized that land valuation is not the ultimate goal of land policy. Rather, it should serve as a tool to allocate land resources efficiently, ensure fair financial obligations, and appropriately capture the increase in land value created by the State and society.

He therefore called for further refining the concepts and principles governing land valuation in the Land Law 2024. Specifically, he proposed defining land price as the monetary expression of the value of land use rights, aligning valuation principles with the market value of those rights rather than the broader concept of “market principles,” and defining land valuation as the process of estimating the value of land use rights instead of simply determining a land price.

He also recommended revising the definition of land use rights value to reflect both the current and expected future economic value of land, improving valuation methods and pricing criteria, eliminating the coefficient-based valuation method, requiring annual publication of land price schedules, and incorporating a broader range of factors affecting land values rather than relying primarily on location. In addition, he proposed introducing a tax mechanism to capture increases in land value.

Unlocking land access

Dr. Nguyen Van Khoi, Chairman of the Vietnam Real Estate Association, said land is a unique means of production, a strategic national resource, and a critical input for most sectors of the economy, underpinning urbanization, industrialization, infrastructure, housing, logistics, tourism, modern agriculture, and the digital economy.

With Vietnam targeting double-digit GDP growth from 2026, he said improving access to land will be critical to mobilizing private investment, attracting domestic and foreign capital, and supporting the development of infrastructure, industry, services, and urban areas.

While implementation of the Land Law 2024 and its supporting regulations has resolved many challenges over the past two years, Dr. Khoi said the biggest bottleneck for investors remains access to land.

He attributed this to a land use planning system that remains overly administrative and inflexible. Planning still focuses largely on land use quotas rather than economic value, efficiency, and development potential, while lengthy revision cycles make it difficult to respond to new industries, technologies, and investment opportunities.

Land use planning should not create more administrative procedures, he added, but instead guide investment, unlock development opportunities, and ensure efficient use of land resources. As Vietnam enters a new phase of rapid, sustainable growth, regulations governing land use planning, land allocation and leasing, land use rights auctions, investor selection, and land transfers require further reform.

He proposed retaining the land use planning framework while making it more flexible by allowing expedited adjustments for strategic, high-tech, innovation-driven, and growth projects, while improving coordination with provincial, urban, construction, transport, and sectoral plans. He also called for setting aside sufficient land for social and rental housing, industrial parks, logistics centers, digital infrastructure, renewable energy, and emerging industries.

Most importantly, Dr. Khoi urged a shift from managing land allocation to governing land access. Under this approach, all eligible land users would have transparent, equitable, predictable, and affordable access to land resources, shortening project preparation, reducing compliance costs, and improving transparency.

He also proposed streamlining land allocation and leasing, land use rights auctions, investor selection, and land transfers by adopting a one-project, one-selection mechanism, simplifying administrative procedures, expanding decentralization with clear accountability, and strengthening auction and bidding rules to curb speculation and ensure qualified investors are selected.

In addition, he recommended encouraging long-term land leases for rental housing, industrial parks, logistics, and other land-intensive sectors, establishing a National Land Bank and Land Development Fund to build ready-to-use land reserves, developing financing mechanisms for Transit-Oriented Development, and completing a unified digital land database.

“Reforming land use planning and the mechanisms governing land allocation, leasing, auctions, bidding, and land use rights transfers is not only about removing obstacles for businesses,” he told the seminar. “More importantly, it is about creating a transparent, equitable, and efficient land access system. That is the prerequisite for unlocking land resources, improving land use efficiency, fostering a safe and sustainable real estate market, and supporting Vietnam’s goal of rapid and sustainable growth in a new era of development.”

-Phan Duong

Thanh Hoa approves 42-km road linking North–South Expressway with Ho Chi Minh Road

Mon, 20 Jul 2026 07:35:00 GMT

Total investment is estimated at VND3.5 trillion ($132.5 million).

Central Thanh Hoa Province has approved the investment policy for a new 42-km road connecting the eastern North–South Expressway with the Ho Chi Minh Road, many sections of which will be upgraded as parts of the western North–South Expressway, aiming to strengthen regional connectivity and support socio-economic development in the northern part of the province.

The new route, with an investment estimated at VND3.5 trillion ($132.5 million, will begin at the Ha Linh interchange on the North–South Expressway and extend to the Ho Chi Minh Road, thus contributing to the gradual completion of the province's transport infrastructure network under its 2021–2030 master plan, with a vision to 2050.

Under the approved plan, the project will include 15 interchanges with existing national and provincial roads, as well as eight bridges.

Once operational, the road is expected to establish the shortest transport connection between northeastern Laos, via Thanh Hoa's Na Meo International Border Gate, and Vietnam's north–south transport network, including the North–South railway, Ho Chi Minh Road, eastern North–South Expressway, National Highway 1 and Nghi Son deep-water port.

-Thiên Anh