Business News

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Authorities in the Mekong Delta province of Dong Thap have proposed seven major expressway and national highway projects for 2026-2030, with total capital estimated at around VND47.9 trillion. Central government funding is expected to account for the bulk, at about VND45.8 trillion, while the province will contribute more than VND2.1 trillion in counterpart capital. 

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.

According to the Hoanh Mo Border Gate Customs, 1,088 customs declarations were processed between January 1 and March 29, up 76.34% from the same period last year. In the year to the end of the first quarter, 82 businesses had carried out customs procedures at the border gate, including 46 newly registered businesses.

The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).

Danang authorities and the project investor on March 29 broke ground on the Tam Anh-An An Hoa Industrial Park in the Chu Lai Open Economic Zone, marking a major step in expanding the city’s industrial capacity. With a total investment of around VND4,150 billion, the project is developed by An An Hoa Urban and Industrial Park JSC. It spans 435.8 hectares in Tam Anh Commune, Danang.