VnEconomy - Vietnam Economic Times

Hue city posts up to 9.5% GRDP growth in first half of 2026

Sun, 28 Jun 2026 07:10:00 GMT

The growth is supported by an improved investment climate, stronger business activity and the continued expansion of key economic sectors.

Central Hue City is estimated to have achieved gross regional domestic product (GRDP) growth of between 9% and 9.5% in the first six months of 2026, supported by an improved investment climate, stronger business activity and the continued expansion of key economic sectors, according to the local authorities.

The service sector, expanded by an estimated 9.2-9.7% year-on-year, remained the city's main growth engine, accounting for approximately 51.2% of GRDP. Tourism continued to perform strongly, with events under the Hue Festival 2026 attracting large numbers of domestic and international visitors. The city welcomed more than 4.3 million tourists in the first half of the year, up 29% from the same period of 2025.

Industrial production also maintained solid momentum, with the sector estimated to have grown by 10-11%. The Index of Industrial Production (IIP) rose an estimated 10.3% year-on-year, while agriculture, forestry and fisheries expanded by around 4.5%, significantly outpacing growth recorded a year earlier.

External trade also improved. Export turnover reached an estimated $619.2 million during the first six months, up 8.4% year-on-year, while imports increased 18.2% to $833.9 million.

Hue also continued to improve its investment environment. The city currently has 201 active projects, with combined registered investment exceeding VND152.2 trillion (about $5.8 billion).

VnEconomy-Nguyễn Thuấn

Hanoi welcomes over 18mln visitors in 6M

Thu, 25 Jun 2026 08:10:00 GMT

The capital city's total tourism revenue hitting VND74.23 trillion ($2.8 billion) in the first six months of 2026.

Hanoi welcomed more than 18 million visitors in the first six months of 2026, up 15.7% from the same period last year, according to the city's Department of Tourism.

Tourism revenue reached VND74.23 trillion ($2.8 billion) during the period, an increase of 19.1% year-on-year. The stronger growth in revenue compared with visitor arrivals suggests that the capital is becoming increasingly effective at boosting tourist spending and improving the overall value generated by the sector.

Building on the positive momentum, Hanoi's tourism industry has identified the second half of the year as a crucial period to accelerate growth and contribute to the city's broader economic targets. Under its development plan, the capital aims to welcome over 36 million tourists, including 9 million international visitors, in 2026.

A key priority will be the completion and submission of several major tourism development initiatives for municipal approval. These include a comprehensive tourism development strategy designed to attract more than 12 million international visitors annually by 2030, a proposal to establish the Hanoi Beer Museum as a new tourism destination, and a program promoting rural tourism in conjunction with the city's new rural development agenda.

On the promotion front, Hanoi plans to organize 16 flagship tourism events in the coming months. The city will also step up tourism promotion campaigns in key overseas markets, including China, Japan and the United Kingdom.

VnEconomy-Tường Bách

Da Nang seeks to bolster multi-faceted ties with Indonesia

Wed, 24 Jun 2026 23:30:00 GMT

In 2025, Da Nang's export turnover to Indonesia reached approximately $15.5 million, while imports totaled $110.7 million. The two sides frequently organize trade and investment promotion activities and work to enhance tourism connectivity.

As Indonesia promotes digital technology cooperation with Vietnam, Da Nang aims to participate in bilateral programs regarding smart cities, digital transformation, and high technology

This was highlighted by Chairman of the Da Nang People's Committee Nguyen Manh Hung during a recent meeting with Indonesian Ambassador to Vietnam, H E. Mr. Adam M. Tugio, reported Radio the Voice of Vietnam.

The city leader expressed hope that the Indonesian Embassy would support the promotion and attraction of Indonesian investors to explore opportunities in Da Nang’s key projects. These include the Hi-Tech Park, seaports, urban infrastructure, tourism ports, the International Financial Center, and the Free Trade Zone.

Mr. Hung also requested the Embassy’s continued support in facilitating the establishment of official friendship and cooperation between Da Nang and Denpasar (Bali), moving toward the signing of a Memorandum of Understanding (MOU) in the fields of tourism, culture, sports, and economics.

Ambassador Adam M. Tugio shared his desire to further strengthen connections and promote cooperation between Indonesia and Da Nang in trade, investment, tourism, and people-to-people exchanges in the coming time.

Da Nang and Indonesia have maintained a steady cooperative relationship in trade, investment, and tourism. In 2025, Da Nang's export turnover to Indonesia reached approximately $15.5 million, while imports totaled $110.7 million. The two sides frequently organize trade and investment promotion activities and work to enhance tourism connectivity.

Notably, since March 2026, a direct flight route between Bali and Da Nang has been operational with four flights per week. In the first five months of 2026, Da Nang welcomed over 28,700 Indonesian visitors, contributing to the growth of exchange and bilateral cooperation.

VOV-

Quang Ninh to become smart coastal city and national maritime economic hub

Wed, 24 Jun 2026 09:45:00 GMT

The ultimate goal of the planning is to transform Quang Ninh into a modern, smart, green, and sustainable city that serves as a national growth pole and a driver for regional development.

The Prime Minister has issued Decision No. 1123/QD-TTg dated June 23, 2026, approving the General Urban Planning for northern Quang Ninh province through 2050, with a vision toward 2075.

The ultimate goal of the planning is to transform the province into a modern, smart, green, and sustainable city that serves as a national growth pole and a driver for regional development. The province aims to possess international competitiveness while maintaining a balance between economic growth, social welfare, and environmental protection.

The planning scope covers approximately 6,232.4 sq.km of land along with the sea area within the province's administrative boundaries. This timeline is divided into stages: short-term to 2040, long-term to 2050, and a vision extending to 2075.

The locality is directed to integrate its urban, maritime, border, and heritage components into a complete ecosystem, providing the spatial and infrastructural foundation for the development of services, the maritime economy, and high-tech industries. This development is to be closely linked with science and technology, innovation, and green and digital transformations.

The vision identifies Quang Ninh as an international gateway, a global service and tourism hub, and a national maritime economic center. It is envisioned as a civilized, modern coastal city with a high international standard of living, pioneering national innovation models while remaining human-centric and heritage-focused.

According to the development roadmap, by 2030, Quang Ninh will be an international tourism service center, a national trade gateway, and a hub for high-quality services and high-tech manufacturing.

By 2040, it will become a national maritime economic center and a modern coastal city that applies innovative models in economic development, social management, and infrastructure governance. By 2050, Quang Ninh is oriented to be an international heritage city and a leading maritime economic center for both the nation and Southeast Asia. It will serve as a key national economic locomotive and a model for green, smart, and sustainable urban governance that preserves local identity and adapts to climate change.

In terms of its urban character, Quang Ninh is defined as a modern national and international maritime economic center, positioned as a leader in Southeast Asia and a primary driver for the Red River Delta. It will function as a national and international tourism hub, as well as a center for modern industry, trade, and logistics featuring maritime economic sectors with high global competitiveness.

Furthermore, Quang Ninh will be a "green, smart, and climate-resilient" coastal-border-heritage city, serving as a vital national transport node that connects domestic and international economic corridors and acts as a regional and international hub for logistics and trade.

Vneconomy-Hà Lê

Marriott International names new Market Vice President for Vietnam

Tue, 23 Jun 2026 08:15:00 GMT

Mr. Sander Looijen has been named Marriott International’s Market Vice President for Vietnam, taking charge of a portfolio of 32 hotels and resorts as the company accelerates expansion in one of its fastest-growing markets globally.

Mr. Sander Looijen, Market Vice President for Vietnam at Marriott International

Marriott International has appointed Mr. Sander Looijen as Market Vice President for Vietnam, effective June 22, 2026, as the global hospitality group continues to accelerate its expansion in one of its fastest-growing markets worldwide.

Based in Ho Chi Minh City, Mr. Looijen will oversee Marriott’s portfolio of 32 hotels and resorts across Vietnam, representing more than 9,900 rooms under 11 brands. He will also help drive the company’s development pipeline, which currently includes more than 50 projects nationwide.

A hospitality veteran with more than 25 years of experience across the Asia-Pacific region, Mr. Looijen joins the role after serving as Marriott’s Area General Manager for Bali (Premium Select Properties), where he managed a portfolio of 22 hotels and resorts and led the opening of eight new properties.

His career with Marriott began in 2001 as a management trainee following his graduation from the Hotel Management School Maastricht in the Netherlands. Since then, he has held a range of leadership positions across the region, including Director of Restaurants and Bars for Asia Pacific, General Manager roles in Thailand, Hong Kong, and Indonesia, and Area Director of Operations for South Korea.

Mr. Looijen received Marriott’s Asia Pacific General Manager of the Year award in 2017 while leading Renaissance Phuket Resort Spa.

Commenting on his appointment, Mr. Looijen said Vietnam offers significant opportunities for growth, supported by a diverse hospitality landscape and a strong pipeline of upcoming developments.

“It is a great honor to have been appointed Market Vice President for Vietnam. This is a wonderfully diverse and vibrant region, with many exceptional hotels and an exciting pipeline that will see the debut of new landmark hotels and iconic brands,” he said. “I look forward to working alongside our talented teams, owners, and partners to deliver unforgettable guest experiences and elevate the performance of our properties.”

Vietnam has become an increasingly important market for Marriott International as the company expands its footprint across Southeast Asia. The country currently hosts 32 Marriott-branded properties, with more than 50 additional projects under development.

-Linh Tong

Chinese tourism firm boosts investment and cooperation in Vietnam

Tue, 23 Jun 2026 00:00:00 GMT

A Trip.com Group leader emphasized that Vietnam remains a strategic market in the company’s global expansion plans.

Trip.com Group, an international travel service provider from China, officially announced the signing of new Memoranda of Understanding (MOUs) with VinWonders and Sun World on June 22, reaffirming its long-term commitment to investing in Vietnam’s tourism industry.

These agreements with the entertainment and resort divisions of Vingroup and Sun Group—Vietnam’s two largest tourism conglomerates—build upon existing partnerships, signaling sustainable success and Trip.com Group’s growing confidence in the country’s tourism potential.

Under the agreement between Trip.com and VinWonders, the former will prioritize promoting the latter's travel and leisure offerings across key international markets, showcasing unique experiences in major destinations such as Hanoi, Hai Phong, Nha Trang, Nam Hoi An, Phu Quoc, and Ho Chi Minh City to global travelers. In return, VinWonders will support Trip.com Group’s expansion in Vietnam through bespoke promotional campaigns and customized products.

Simultaneously, the agreement with Sun World expands the scope of cooperation to promote Sun Group’s comprehensive tourism and entertainment ecosystem, featuring major attractions like Ba Na Hills, Fansipan Legend, Hon Thom, Ba Den Mountain, Ha Long, Sam Son, and Ha Nam. This partnership also encompasses Sun Group’s broader services in hospitality, aviation, travel, and technology.

The joint effort targets key source markets including South Korea, mainland China, Hong Kong (China), Taiwan (China), Thailand, Singapore, India, and Japan, ensuring competitive pricing.

Trip.com Group Vice President Chase Liu emphasized that Vietnam remains a strategic market in the company’s global expansion plans.

Vneconomy-Gia Huy

Sun PhuQuoc Airways officially launches HCM City – Van Don route

Thu, 18 Jun 2026 03:00:00 GMT

Flights will operate every Monday, Wednesday, Friday, and Sunday, with plans to increase the frequency to daily flights starting in August 2026.

Sun Group has officially announced that its carrier, Sun PhuQuoc Airways, launched commercial operations on the Ho Chi Minh City – Van Don route on June 15, with an initial frequency of four round-trip flights per week.

The inaugural flight, numbered 9G1568, touched down at Van Don International Airport in northern Quang Ninh province at 5:30pm on June 15, marking the official commencement of commercial service on this route. The return leg from Van Don arrived at Tan Son Nhat International Airport at 8:30pm the same day.

According to the airline’s current schedule, flights will operate every Monday, Wednesday, Friday, and Sunday. To meet growing passenger demand, Sun PhuQuoc Airways plans to increase the frequency to daily flights starting in August 2026.

Following the launch of the new route, Sun Group reached another major milestone on June 16 by signing a joint venture agreement with HAECO, Japan Airlines, and Toyota Tsusho. The partnership aims to develop a $360 million Maintenance, Repair, and Overhaul (MRO) complex at Van Don International Airport.

This project marks a significant turning point for Van Don International Airport, making it the first private airport in Vietnam to host a large-scale, international-standard aircraft maintenance and repair facility.

The joint venture will develop the MRO complex on a site exceeding 20 hectares. The facility is expected to become fully operational by 2028.

Vneconomy-Mai Hoàng

Vietnam Airlines launches first-ever direct flight route to the Netherlands

Thu, 18 Jun 2026 01:00:00 GMT

Vietnam Airlines will operate the Hanoi–Amsterdam route with a frequency of three round-trip flights per week.

Vietnam Airlines officially inaugurated its direct flight route between Hanoi and Amsterdam on June 16, marking the first time a Vietnamese carrier has operated direct flights to the Netherlands.

The inaugural flight, VN83, departed from Noi Bai International Airport at 3:50am on June 16 with nearly 300 passengers on board.

On the return leg, flight VN82 from Amsterdam to Hanoi took off at 2pm (local time) on the same day.

Vietnam Airlines will operate the Hanoi–Amsterdam route with a frequency of three round-trip flights per week, departing on Tuesdays, Thursdays, and Saturdays, all utilizing the Airbus A350 fleet.

The launch of this new route directly connects the capital city of Hanoi with Amsterdam, one of Europe’s most vital economic, financial, commercial, and logistics hubs. Additionally, passengers from Vietnam will now have more convenient access to a network of hundreds of global destinations through Amsterdam Schiphol Airport.

According to Vietnam Airlines, the addition of the Hanoi–Amsterdam service brings the carrier’s total number of direct routes between Vietnam and Europe to 12, serving eight major destinations: Paris, London, Frankfurt, Munich, Milan, Copenhagen, Moscow, and Amsterdam.

In addition to the new Amsterdam service, Vietnam Airlines announced that it will increase the frequency of its Hanoi–Moscow route from three to four round-trip flights per week starting July 1, 2026, to meet the rising demand for travel between Vietnam and the Russian Federation.

Vneconomy-Đan Tiên

HCM City posts strong economic growth in 5M

Mon, 15 Jun 2026 07:20:00 GMT

Key economic indicators recording solid growth and largely tracking the city's development targets.

Ho Chi Minh City maintained strong economic momentum during the first five months of 2026, with key economic indicators recording solid growth and largely tracking the city's development targets.

According to the municipal People's Committee, total retail sales of goods and consumer service revenue reached VND799.9 trillion ($30.4 billion) during the period, up 12.8% year-on-year.

Tourism remained a standout performer, generating VND193 trillion in revenue, equivalent to 58.5% of the city's annual target and representing a sharp increase of 78.9% compared with the same period last year. The city welcomed more than 5.59 million international visitors and 22.96 million domestic tourists.

External trade also continued to expand steadily. Export turnover reached $39.47 billion, up 5.3% from a year earlier, while imports rose 10.8% to $44.29 billion.

Industrial production remained a key growth driver. The Index of Industrial Production (IIP) increased 11% year-on-year, led by the manufacturing and processing sector, which posted growth of 11.8%.

The business environment showed encouraging signs of recovery and expansion. During the first five months, 24,784 new enterprises were established, an increase of 29.1% compared with the same period in 2025. In addition, 9,688 businesses resumed operations.

Foreign investment inflows remained robust, with the city attracting more than $3.8 billion in foreign direct investment (FDI), up 20.3% year-on-year.

VnEconomy-Thanh Thủy

Vietnam, Timor-Leste agree to expand multifaceted cooperation

Wed, 10 Jun 2026 02:15:00 GMT

During their talks in Hanoi on June 9, Vietnamese Prime Minister Le Minh Hung and his Timor-Leste counterpart Rala Xanana Gusmao shared the view that the two countries boast considerable potential and advantages to further expand cooperation for the benefit of their peoples, as well as for stable, self-reliant, and sustainable development in the region.

Prime Minister Le Minh Hung and his Timor-Leste counterpart Rala Xanana Gusmao held talks in Hanoi on June 9, agreeing to further expanding the two countries’ cooperation in various spheres.

Welcoming his guest on an official visit to Vietnam and attendance at the third ASEAN Future Forum, PM Hung described the trip as a demonstration of the high level of political trust, friendship and mutual support between the two countries.

He congratulated Timor-Leste on its recent significant achievements, especially the fact that Timor-Leste has officially become a member of ASEAN, calling this an important milestone contributing to the solidarity, centrality, and vitality of the bloc.

The host expressed his confidence that with a strong commitment to integration, Timor-Leste will soon fully and effectively participate in ASEAN's cooperation mechanisms, thereby joining other member states in contributing to peace, stability, and sustainable development in the region.

PM Xanana Gusmao congratulated Vietnam on its socio-economic development achievements, as well as its successful hosting of the third ASEAN Future Forum (AFF-3), which holds great importance for exchanging visions on regional cooperation.

Thanking Vietnam for its support for Timor-Leste throughout the country’s process of applying to join ASEAN, he stressed that Vietnam is not only a reliable friend but also an effective and close development partner of Timor-Leste.

The two PMs shared the view that Vietnam and Timor-Leste boast considerable potential and advantages to further expand cooperation for the benefit of their peoples, as well as for stable, self-reliant, and sustainable development in the region.

Expressing their delight at the strides in Vietnam – Timor-Leste relations, they agreed to continue consolidating political trust, increasing high-level mutual visits and meetings between their parties, states, governments and parliaments, and promoting people-to-people exchanges.

They also agreed to effectively implement the signed high-level agreements and documents, including the Framework Agreement on Economic and Technical Cooperation, and to soon hold the first meeting of the Vietnam – Timor-Leste Joint Committee co-chaired by the two foreign ministers, with a view to elevating bilateral relations to a new level on the occasion of the 25th anniversary of diplomatic ties in 2027.

Both PMs welcomed the signing of cooperation documents on visa exemption, education, and information and communications during the visit, creating an important stepping stone for strengthening people-to-people exchanges and expanding collaboration in various fields.

Regarding economic, trade, and investment partnerships, the two leaders agreed on the need to better tap into their countries’ potential and complementary strengths; promptly ratify and effectively implement the Bilateral Trade Agreement; and promote cooperation in the fields of rice, farm produce, fisheries, textiles – garment, footwear, essential consumer goods, telecommunications, digital transformation, infrastructure, agriculture, and services.

The visiting leader requested Vietnam to continue supplying its strong products to the Timor-Leste market, especially rice, thus helping ensure food security for his country.

He highly valued the investments by Vietnamese businesses, especially Viettel with its Telemor brand, which have positively contributed to the development of digital infrastructure and connectivity in Timor-Leste. He expressed his hope for more Vietnamese businesses to come to invest in agriculture, fisheries, tourism, infrastructure, and natural resources exploitation.

Meanwhile, PM Hung proposed that the two sides step up the negotiation and signing of an agreement on investment promotion and protection, and consider the establishment of a bilateral mechanism on the economy, trade, and investment to provide timely support for businesses.

The two leaders also agreed to bolster ties in potential areas such as defence – security, agriculture, fisheries, food security, education – training, human resources development, culture, tourism, sports, transport connectivity, and people-to-people exchanges. They concurred in boosting the exchange of experiences in sustainable agricultural development, climate change adaptation, marine economy development, and sustainable fisheries, including aquaculture, fishing, and processing.

PM Hung affirmed that Vietnam is ready to share its experience in development, international integration, and human resources training, and to send experts to support Timor-Leste in areas that meet its needs.

Regarding multilateral cooperation, the two PMs agreed to strengthen coordination and mutual support at the United Nations, ASEAN, and other regional and international forums while jointly maintaining ASEAN's solidarity and centrality, and promoting peace, stability, cooperation, and development in the region, including upholding international law and the 1982 UN Convention on the Law of the Sea (UNCLOS).

Concluding the talks, they agreed to direct relevant ministries and agencies to implement the agreements and common understandings reached, contributing to the increasingly substantive and effective development of Vietnam – Timor-Leste relations.

On this occasion, the two sides exchanged several cooperation documents, including a memorandum of understanding (MoU) on higher education cooperation between Vietnam’s Ministry of Education and Training and Timor-Leste’s Ministry of Higher Education, Science and Culture; an MoU on educational cooperation between Vietnam’s Ministry of Education and Training and Timor-Leste’s Ministry of Education; a visa exemption agreement for holders of ordinary passports between the two Governments; and an MoU between the Vietnam News Agency and the TATOLI News Agency. (VNA)

VNA-

Hanoi's tourism maintains strong growth

Wed, 10 Jun 2026 02:00:00 GMT

The capital city welcomes nearly 15 million visitors in the first five months of 2026.

Hanoi's tourism sector continued its strong recovery and expansion in the first five months of 2026, welcoming nearly 15 million visitors and generating close to VND63 trillion ($2.4 billion) in tourism revenue.

According to city authorities, international arrivals reached approximately 4.06 million during the period, an increase of 28.1% compared with the same period in 2025. Total tourism revenue rose 20.6% year-on-year, reflecting robust demand from both domestic and international travelers.

Building on this momentum, Hanoi aims to attract over 9 million international visitors and more than 27 million domestic tourists in 2026, with total tourism revenue projected to reach VND160 trillion.

To achieve these targets, the capital plans to diversify and upgrade its tourism offerings by leveraging its geographical advantages and regional transport connectivity. Moving beyond traditional city-center sightseeing tours, Hanoi is working with tourism businesses to develop new travel experiences and expand its tourism portfolio.

Among the new products scheduled for launch are the Muong Coc community-based tourism model, expanded night tourism experiences, rural and agricultural tourism programs, and experiential tours linking traditional pottery villages with safe vegetable-growing communities.

A key focus is the development of the city's nighttime economy. Rather than simply extending business hours, Hanoi is seeking to create a comprehensive overnight tourism ecosystem centered on culture, heritage and urban experiences.

VnEconomy-Tường Bách

Hue festival trade fair 2026 to showcase regional products and boost business connectivity

Tue, 09 Jun 2026 23:40:00 GMT

The fair will provide a platform for promoting regional products, services and brands to consumers, investors and visitors.

The Hue Festival Trade Fair 2026 is scheduled to be held from June 12 to 17 at the central Hue City Culture and Sports Square.

The event forms part of the National Trade Promotion Program 2026 and is one of the key activities accompanying Hue Festival 2026.

Organizers expect the fair to strengthen trade links among localities and businesses across the Central Highlands, central Vietnam and other regions nationwide.

Held during the International Arts Festival Week 2026, the fair will provide a platform for promoting regional products, services and brands to consumers, investors and visitors. It will also offer businesses opportunities to expand market access, establish partnerships and explore new investment opportunities.

Exhibitors will showcase a wide range of products, including agricultural goods, local specialties, OCOP (One Commune One Product) items, handicrafts and rural industrial products, alongside displays highlighting socio-economic achievements from provinces and cities across Vietnam.

The fair will feature 240 standard exhibition booths divided into three sections. The first section will comprise around 50 booths dedicated to product exhibitions and business networking among localities. The second, with approximately 110 booths, will showcase agricultural products, regional specialties, OCOP products, handicrafts and traditional craft village goods. The third section will include 80 booths offering commercial and service-related products and activities.

VnEconomy-Nguyễn Thuấn

Central bank proposes easing rules for foreign exchange agents

Tue, 09 Jun 2026 01:30:00 GMT

The move aiming to reduce business conditions, simplify administrative procedures and expand foreign exchange services at locations frequented by international visitors.

The State Bank of Vietnam (SBV) has proposed easing regulations governing foreign exchange agents, aiming to reduce business conditions, simplify administrative procedures and expand currency exchange services at locations frequented by international visitors.

Under a draft circular released for public consultation, the central bank plans to amend several foreign exchange management regulations related to foreign exchange services provided by non-credit institutions.

A key proposal would relax requirements for foreign currency exchange agents and allow a broader network of exchange points at hotels, tourist destinations, shopping malls, supermarkets and other venues serving large numbers of foreign visitors.

The draft also revises regulations governing agencies that exchange currencies of countries sharing land borders with Vietnam. Under the proposed changes, applications for the issuance, renewal, amendment or extension of operating certificates could be submitted in person, by post or online through the National Public Service Portal.

According to the SBV, the amendments are intended to reduce administrative burdens and compliance costs for businesses while improving access to legal foreign exchange services.

In addition, the draft introduces updated rights and obligations for authorized credit institutions and participating businesses, strengthening the regulatory framework for supervising foreign exchange services provided by non-bank entities while ensuring effective market oversight.

VnEconomy-Tùng Thư

Vietnam plans bus network to connect Long Thanh International Airport

Wed, 03 Jun 2026 08:30:00 GMT

The study covering intra-city and inter-city services, as well as a dedicated route linking Long Thanh International Airport in Dong Nai city with Tan Son Nhat International Airport in Ho Chi Minh City.

The Civil Aviation Authority of Vietnam has instructed relevant agencies to study and develop a comprehensive bus network connecting the Long Thanh International Airport in southern Dong Nai city, which is still under construction, with surrounding localities and key transport hubs, including Ho Chi Minh City.

The study will cover intra-city and inter-city services, as well as a dedicated route linking Long Thanh International Airport with Tan Son Nhat International Airport in Ho Chi Minh City.

Under the plan, Long Thanh Airport will coordinate with aviation authorities and other stakeholders to determine suitable locations for bus terminals and route endpoints within the airport complex. The airport operator has also been tasked with designing passenger pick-up and drop-off areas at the terminal building, public forecourts, parking facilities and other functional zones.

Authorities emphasized that bus stops and transfer points must be convenient, safe and easily accessible while minimizing traffic conflicts and aligning with the airport's overall transport plan.

The study will also assess the capacity of existing infrastructure to accommodate proposed routes and future expansion needs. In line with Vietnam's green transition goals, planners have been asked to consider the deployment of electric buses and other sustainable transport solutions as part of the airport's long-term development strategy.

VnEconomy-Gia Huy

Hue city attracts $735mln in investment in 5M

Tue, 02 Jun 2026 08:10:00 GMT

The central city maintaining positive economic momentum across multiple sectors in the first five months of 2026.

Central Hue city maintained positive economic momentum across multiple sectors during the first five months of 2026, according to a report by the municipal Department of Finance.

Investment attraction remained a key highlight. Since the beginning of the year, authorities have approved 28 new projects with total registered capital exceeding VND19.2 trillion ($735 million), including two large foreign-invested projects worth a combined $125.5 million.

Several major development projects are advancing, including Phase 2 of the Kim Long Motor Assembly Complex, a BYD battery manufacturing plant, and a series of modern urban developments along the Vo Nguyen Giap–To Huu corridor. These projects are expected to create new growth drivers for the local economy.

Industrial production also expanded steadily. The city's Industrial Production Index (IIP) rose 10.9% year-on-year, with the manufacturing and processing sector growing 13.1%. Output of key products, including beer, automobiles, cement and garments, increased, reflecting both a recovery in demand and the expansion of production capacity among local enterprises.

Tourism continued to be a major contributor to growth. Hue welcomed nearly 3.6 million visitors during the January-May period, generating an estimated VND8.3 trillion in revenue, 1.7 times higher than a year earlier. International arrivals rose 6.4%, helping boost retail sales and consumer services revenue to more than VND6.2 trillion.

VnEconomy-Nguyễn Thuấn

Health declaration notice for Vietnam-bound travellers

Fri, 22 May 2026 08:00:00 GMT

The new regulation will take effect from July 1, 2026.

All inbound and outbound travellers shall be subject to health declaration from July 1, 2026, the Government News quoted Decree No. 165/2026/ND-CP from the Government as reporting on May 21.

The health declaration form will be provided by the Ministry of Health, bilingually (Vietnamese and English).

Travellers shall have to complete health declaration within seven days before entering, exiting or transiting Vietnam.

In the event of an infectious disease outbreak, the Ministry of Health shall, depending on the disease situation, provide further instructions on health declarations at border gates.

VGP-Van Nguyen

Da Nang Airport begins $58mln expansion of international terminal

Tue, 19 May 2026 23:30:00 GMT

The project will add more than 21,000 sq.m to the airport’s international passenger terminal, significantly increasing its capacity and improving service quality.

The Da Nang International Terminal Investment and Operation Joint Stock Company (AHT) on May 19 officially broke ground on the expansion of Da Nang International Airport Terminal 2, with total investment of nearly VND1.5 trillion (approximately $58 million).

The project will add more than 21,000 square meters to the international passenger terminal, significantly increasing its capacity and improving service quality. Once completed, Terminal 2 will feature 31 additional check-in counters, bringing the total to 85, while the number of aerobridge departure gates will increase from four to seven.

The expansion comes in response to growing travel demand. In 2019, Terminal 2 served more than 7.1 million passengers—79% above its original designed capacity—highlighting the urgent need for increased operational capacity.

Beyond addressing immediate infrastructure pressures, the project marks an important step toward Vietnam’s long-term vision of developing two international airports within one metropolitan area—Da Nang International Airport and Chu Lai Airport. By 2030, the two airports are expected to provide a combined capacity of 25 million passengers, creating new momentum for tourism growth and economic development in Da Nang and the country's south-central coastal region.

VnEconomy-Ngô Anh Văn

Da Nang strengthens strategic cooperation with Japan

Mon, 18 May 2026 07:14:00 GMT

To date, Japanese investors have launched more than 300 projects in the central city, with total registered capital reaching approximately $1.22 billion.

The People’s Committee of Da Nang city, central Vietnam, has approved a cooperation promotion plan with Japanese partners for the 2026–2030 period, aiming to deepen comprehensive and sustainable ties in a new phase of development.

According to the city’s Department of Foreign Affairs, the central city has established official friendship and cooperation agreements with six Japanese localities, including those known for their strengths in industry, urban development, and technology. These partnerships are expected to facilitate greater exchanges in expertise and technology while opening up new investment opportunities.

Japan remains one of Da Nang’s key strategic partners in socio-economic development. To date, Japanese investors have launched more than 300 projects in the central city, with total registered capital reaching approximately $1.22 billion, primarily in manufacturing, information technology, services, and infrastructure—sectors considered vital to the city’s economic growth.

Trade between the two sides has also remained robust. In 2025, Da Nang’s exports to Japan reached around $1 billion, while imports totaled approximately $488 million, reflecting strong commercial ties and a balanced trade relationship.

Japanese official development assistance (ODA) has also played a significant role in improving urban infrastructure, environmental management, transport, and smart city development.

Meanwhile, tourism cooperation continues to recover strongly, with more than 221,000 Japanese visitors arriving in Da Nang in 2025, accounting for 3.8% of the city’s total international arrivals.

VnEconomy-Ngô Anh Văn

Vietnam’s aviation rebound fuels tourism growth amid rising global challenges

Sat, 16 May 2026 03:00:00 GMT

Growth has continued into 2026, with passenger numbers rising 16.4% year-on-year in the first quarter.

Vietnam’s aviation market is experiencing a strong recovery, providing a major boost to the country’s tourism sector as travel demand continues to rise. However, mounting fuel costs, infrastructure congestion, and global geopolitical uncertainties are increasing pressure on the industry to restructure for greater sustainability and resilience.

Speaking at a recent forum on stimulating aviation and tourism demand, Mr. Uong Viet Dung, Director General of the Civil Aviation Authority of Vietnam, said around 80% of international visitors to Vietnam arrive by air, while tourists account for approximately 70% of total passenger traffic carried by airlines. The figures underscore the increasingly close and mutually reinforcing relationship between aviation and tourism in Vietnam’s economic growth.

Vietnam’s air transport market served more than 83.6 million passengers in 2025, up 10.8% from the previous year, including 46.9 million international travelers. The country also welcomed a record 21.5 million foreign visitors, with over 84% arriving by air.

Growth has continued into 2026, with passenger numbers rising 16.4% year-on-year in the first quarter. However, the sector faces significant headwinds. Rising tensions in the Middle East caused jet fuel prices to surge by more than 100% in April, forcing Vietnamese airlines to cut nearly 5,000 flights compared with the previous month.

VnEconomy-Huỳnh Dũng

Hanoi aims for night economy to contribute 12% of GRDP by 2045

Thu, 14 May 2026 09:15:00 GMT

The capital city has approved the Night-Time Economic Development Plan for 2026–2030, with a vision to 2045.

Hanoi has officially approved an ambitious plan to develop its night-time economy, aiming to transform the sector into a major driver of growth and position the capital as a leading cultural and entertainment destination in the region.

Under the Night-Time Economic Development Plan for 2026–2030, with a vision to 2045, the city targets the sector to contribute around 5% of its gross regional domestic product (GRDP) by 2030.

Authorities also expect night-time spending by tourists to account for 25–30% of their total trip expenditure, while increasing the average length of stay to between 2.5 and 3.5 days—an important indicator of Hanoi’s appeal as a destination of tourism.

By 2035, the night economy is projected to contribute 7–8% of GRDP, supported by annual growth of 12–14% in services, tourism, and cultural industries. The Red River corridor is set to become a key creative economic hub, hosting high-value cultural, artistic, and commercial activities and strengthening Hanoi’s integration into the regional night economy network.

The city also plans to establish three to five flagship night-time economic zones, each with a distinct identity. These include heritage- and culture-focused areas in Hoan Kiem and Cua Nam wards, a modern entertainment hub in Tay Ho, and a creative-industrial area in Gia Lam.

Looking ahead to 2045, Hanoi aims for the night economy to contribute more than 12% of GRDP, attract 8–10 million international visitors annually to night-time activities, and build a global reputation as a “City of Night-time Cultural Experiences.”

VnEconomy-Quỳnh Chi

Hai Phong targets 13–14% annual growth through 2030

Tue, 12 May 2026 03:30:00 GMT

The northern port city has approved its socio-economic development plan for the 2026–2030 period with a target of two-digit annual growth rate.

The northern port city of Hai Phong has set an ambitious target of achieving average annual GRDP growth of 13–14% between 2026 and 2030, with the city’s economy expected to account for around 6% of the national GDP.

According to the Hai Phong People’s Committee, the city has approved its socio-economic development plan for the 2026–2030 period, aiming to become a modern, industrialized, eco-friendly, and highly livable port city by 2030.

Under the plan, the industry and construction sector is projected to grow by approximately 15.2% annually, while the services sector is expected to expand by 10.9% per year. The agriculture, forestry, and fisheries sector is targeted to grow by 8% annually. By 2030, average per capita income is forecast to reach $11,247, with the digital economy contributing more than 35% of the city’s GRDP.

Hai Phong also aims to increase its industrial production index (IIP) by 15.5–16% annually, with manufacturing and processing expected to account for 47–48% of GRDP. High-tech industrial products are projected to make up around 60% of total manufacturing output.

The city targets to gain annual export revenue of over $75 billion by 2030, attract 25 million tourists annually, and increase the number of active businesses to 87,000.

VnEconomy-Nam Khánh

Thanh Son airport master plan in Khanh Hoa province approved

Mon, 11 May 2026 07:08:00 GMT

The airport is expected to meet ICAO 4C standards and handle around 3 million passengers per year.

Vietnam’s Ministry of Construction has approved a master plan for Thanh Son Airport in southern Khanh Hoa province for the 2021–2030 period, with a vision to 2050, outlining its development as a dual-use civilian and military airport with an annual capacity of 3 million passengers by mid-century.

Under the approved plan, Thanh Son Airport will be located in Do Vinh Ward, serving as a domestic airport jointly operated for civil aviation and defense purposes.

During the 2021–2030 phase, the airport is expected to meet ICAO 4C standards, with a designed capacity of approximately 1.5 million passengers per year. It will accommodate Code C aircraft, including the Airbus A319, A320, A321, Boeing 737, and equivalent models.

Looking ahead to 2050, Thanh Son Airport is projected to maintain ICAO 4C classification while expanding its annual handling capacity to 3 million passengers. The long-term development plan includes runways, taxiways, aircraft aprons, flight operation support facilities, technical infrastructure, aviation and non-aviation services, as well as security and emergency rescue systems.

According to the Ministry of Construction, the project will require approximately 2,115 hectares of land during the 2021–2030 period.

VnEconomy-Đan Tiên

HCM City sees strong economic momentum in 4M

Sun, 10 May 2026 06:00:00 GMT

The growth marked by a sharp rise in foreign direct investment (FDI), growing business activity, and sustained expansion in trade and tourism.

Ho Chi Minh City has posted encouraging economic results in the first four months of 2026, marked by a sharp rise in foreign direct investment (FDI), growing business activity, and sustained expansion in trade and tourism.

According to Mr. Hoang Vu Thanh, Director of the city’s Department of Finance, total FDI inflows—including newly registered capital, capital contributions, share purchases, and acquisitions in domestic firms—reached nearly $3.3 billion from the beginning of the year, accounting for 30.2% of the annual target and surging 127.1% year-on-year.

The city’s total retail sales of goods and consumer service reached nearly VND639.3 trillion ($24.3 billion) in the first four months, representing a 13.2% increase year-on-year.

Tourism remained a bright spot in the 4-month period, with international arrivals reaching nearly 4.78 million, fulfilling 43.5% of the annual target, and domestic tourist numbers hitting around 19.2 million, or 38.4% of the yearly goal. Total tourism revenue climbed to approximately VND172 trillion ($6.54 billion), completing 52.1% of the annual target.

Meanwhile, the city’s export turnover in April was estimated at $8.5 billion, up 8.79% year-on-year, bringing the four-month total to around $30.91 billion, a 4.25% increase.

VnEconomy-Thanh Thủy

Over 95% of Vietnam’s population to access airport within 100 kilometer radius by 2030

Sat, 09 May 2026 08:00:00 GMT

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

By 2030, more than 95 per cent of the population in Vietnam will be able to access an airport within a 100 kilometer radius, higher than the global average of 75 percent, the Government News quoted an airport masterplan proposed by the Ministry of Construction as reporting on May 9.

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

Under a national airport development masterplan during the 2021-2030 period with a vision towards 2050, which was approved in June 2023, Vietnam is expected to have a total of 30 airports by 2030 to meet both domestic and international transport demand.

This includes 14 international airports: Van Don, Cat Bi, Noi Bai, Tho Xuan, Vinh, Phu Bai, Da Nang, Chu Lai, Cam Ranh, Lien Khuong, Long Thanh, Tan Son Nhat, Can Tho, and Phu Quoc.

The remaining are domestic airports: Lai Chau, Dien Bien, Sa Pa, Na San, Dong Hoi, Quang Tri, Phu Cat, Tuy Hoa, Pleiku, Buon Ma Thuot, Phan Thiet, Rach Gia, Ca Mau, Con Dao, Thanh Son, and Bien Hoa.

Total investment to build and upgrade airports by 2030 is estimated at VND420 trillion ($17.7 billion), which will be sourced from the State budget and elsewhere.

By 2050, the country is expected to have 33 airports, including 14 international airports and 19 domestic airports.

Logistics centers will be set up around airports with cargo demand of more than 250,000 tons a year.

Vietnam's aviation industry set a new record in 2025, carrying 83.5 million passengers, a 10.7 per cent increase from the previous year and the highest level ever recorded.

International travel was the main growth driver. Airlines transported 46.6 million international passengers, up 12 per cent year on year, while air cargo volumes surged 22 per cent to around 1.3 million tons.

The strong performance was supported by the continued expansion of international routes. Vietnamese carriers now operate 113 international routes linking the country with major aviation hubs across Northeast Asia, Southeast Asia, South Asia, Europe and Oceania.

VGP-Pham Long

Vietnam-Sri Lanka Business Forum held in Colombo

Sat, 09 May 2026 07:30:00 GMT

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

Vietnam-Sri Lanka Business Forum took place in Colombo, Sri Lanka, on May 8, as part of the State visit to Sri Lanka by Vietnam’s Party General Secretary and President To Lam.

The event, as reported by the Government News, saw the participation of General Secretary, and President of Vietnam To Lam, Sri Lankan Prime Minister Harini Amarasuriya and representatives of more than 300 businesses from both sides.

According to the top Vietnamese leader, if effectively connected, Sri Lanka could become Vietnam's strategic transshipment hub to the Indian Ocean while Viet Nam could serve as a gateway for Sri Lanka to gain deeper access to ASEAN region and global markets.

The bilateral trade remains modest, he said, adding that the two-way investment has yet to match the potential of the relationship, and tourism connectivity and people-to-people exchanges are still limited.

He urged both sides to promote cooperation in highly complementary sectors such as agriculture, food processing, textiles and garments, trade, and services.

Vietnam is continuing to improve its institutional framework, reform administrative procedures, develop infrastructure, and enhance the quality of its human resources, Mr. To Lam was quoted by the Government News as saying at the forum.

Vietnam ensures the lawful rights and interests of investors, while strengthening dialogue and accompanying businesses throughout the project implementation process, the Vietnamese top leader added.

Vietnam places particular importance on policy stability and predictability, while also strongly transforming its governance approach toward serving and supporting businesses, thereby creating favorable conditions for lawful projects to be implemented smoothly and effectively, underlined the leader.

Addressing the event, Prime Minister of Sri Lanka, Ms. Harini Amarasuriya, emphasized that Vietnam and Sri Lanka are determined to working toward achieving the trade goal of $1 billion by 2030.

Sri Lankan businesses have invested in around 30 projects in Vietnam, reflecting their confidence in the nation's dynamic, stable, and business-friendly environment, the Sri Lankan Prime Minister noted.

In the presence of General Secretary and President To Lam, and Sri Lankan Prime Minister Harini Amarasuriya, national carrier Viet Nam Airlines officially launched a direct flight route between Ho Chi Minh City and Colombo.

In addition, budget carrier Vietjet also officially announced a direct route between Ho Chi Minh City and Colombo, marking a new milestone in the carrier's strategy to expand its international flight network, while also contributing to stronger economic, trade, tourism, and people-to-people cooperation between the two countries.

The Ho Chi Minh City–Colombo route is expected to commence operations in August 2026 with four round-trip flights per week.

The occasion, both leaders witnessed the exchange of cooperation agreements among businesses operating in tourism, agricultural processing, rubber, fertilizer, and chemical industries./.

VGP-Van Nguyen

Tho Chu airport in southern An Giang province to be built

Sat, 09 May 2026 00:00:00 GMT

The airport expected to have a designed capacity of about 20,000 passengers per year in the 2021-2030 period.

The Ministry of Construction has approved an adjustment to the national airport system master plan for 2021–2030, with a vision to 2050, with Tho Chu Airport project in southern An Giang province to be added to the country’s aviation development network.

Under the revised plan, Tho Chu Airport will have investment capital estimated at around VND28.8 trillion (approximately $1.1 billion) and be designed to meet ICAO’s Category 4C standards, allowing it to handle medium-sized aircraft.

During the 2021–2030 period, the projected airport is expected to have a designed capacity of about 20,000 passengers per year. By 2050, capacity is projected to increase significantly to around 1 million passengers annually.

The project will require more than 234 hectares of land.

The ministry also adjusted the total planned land area for Vietnam’s airport system to approximately 26,025 hectares by 2030. Total investment demand for the development of the national airport network through 2030 is estimated at VND514 trillion ($19.54 billion), to be sourced from the state budget, private sector funding and other lawful capital sources.

VnEconomy-Gia Huy

Vietnam, Sri Lanka upgrade ties to comprehensive partnership

Fri, 08 May 2026 09:40:00 GMT

The agreement was reached by General Secretary and President To Lam and Sri Lankan President Anura Kumara Dissanayake during their summit meeting in Colombo on May 8.

Vietnam and Sri Lanka have agreed to elevate the bilateral relations to Comprehensive Partnership, Vietnam’s Party General Secretary and President To Lam told reporters in Colombo, according to a report from the Government News.

The agreement was reached by General Secretary and President To Lam and Sri Lankan President Anura Kumara Dissanayake during their summit meeting on May 8, as part of the former’s two-day State visit to Sri Lankan.

The two countries pledged to consolidate and enhance friendship and cooperation, promote political trust, and expand bilateral cooperation across all fields in a comprehensive and substantive manner, said the top Vietnamese leader.

He said the two countries agreed to further deepen political, defense and security cooperation on the basis of mutual trust, understanding and respect; enhance high-level exchanges and contacts in all channels as well as people-to-people exchanges.

Both sides also agreed to bolster cooperation in economics, trade, investment, agriculture, energy, science and technology in a substantive and mutually-beneficial fashion; deploy breakthrough solutions to soon raise the two-way trade to $1 billion in the near future.

General Secretary and President To Lam welcomed Vietnamese airlines to launch a direct air route to Sri Lanka to create a breakthrough in connectivity between the two countries.

VGP-Khanh Chi

Hue attracts over $530 mln from 19 new projects in first four months

Fri, 08 May 2026 00:00:00 GMT

Realized investment capital in the central city reached approximately VND12.34 trillion (over $469 million), up 26.7% year-on-year.

In the first four months of 2026, central Hue city's economy maintained stable growth momentum, driven by prominent contributions from the service sector—particularly tourism.

Meanwhile, industrial production and investment attraction continued to flourish, further strengthening the city's growth drivers.

Over the four-month period, the city welcomed approximately 2.67 million visitors, a 30.3% increase compared to the same period last year. This figure includes over 1.13 million international tourists, up 27.7%. Tourism revenue is estimated at over VND6.23 trillion ($237 million), 1.7 times higher than the previous year.

The robust recovery of the tourism industry has sparked positive growth in trade and services. Total retail sales of goods and consumer service revenue reached approximately VND24.52 trillion (nearly $932 million), representing a 17.8% year-on-year increase.

Alongside the service sector, Hue’s industrial production remained steady. The Index of Industrial Production (IIP) rose by 15.1% in April, bringing the cumulative growth for the first four months to 13.1%.

Foreign trade also recorded positive signals. Estimated export turnover for the first four months reached $554.4 million, up 20%, while imports reached $532.4 million, an increase of over 50%.

Total social investment remained a significant highlight. Realized investment capital in the city reached approximately VND12.34 trillion (over $469 million), up 26.7% year-on-year. Since the beginning of the year, the city has granted licenses to 19 new projects with a total registered capital of nearly VND14 trillion ($531 million), including two FDI projects worth over $125 million.

During a regular meeting for April 2026 held on May 6, Standing Vice Chairman of the Hue City People’s Committee, Mr. Hoang Hai Minh, emphasized the urgent need to accelerate the disbursement of public investment capital, identifying it as a crucial driver to propel further economic growth.

Vneconomy-Nguyễn Thuấn

Transport sector maintains strong growth momentum in April

Thu, 07 May 2026 23:12:00 GMT

Both passenger and cargo transport recording solid increases.

Vietnam’s transport sector maintained strong growth momentum in April 2026, with both passenger and cargo transport recording solid increases, according to the National Statistics Office.

Passenger transport reached 509.5 million trips in April, up 5.6% from the previous month and 17.3% year-on-year. Passenger traffic totaled 28.4 billion passenger-km, an increase of 4.8%, compared to March.

In the first four months of the year, passenger volume rose 15% year-on-year to 2.1 billion trips, while passenger traffic increased 12.7% to 113.2 billion passenger-km.

Cargo transport also expanded steadily. Freight volume in April reached 274.2 million tons, up 1.4% month-on-month, while cargo traffic rose 2.3% to 53.3 billion ton-km.

In the January-April period, freight volume climbed 14.2% year-on-year to 1.08 billion tons, with cargo traffic rising 10.2% to 208.2 billion ton-km.

VnEconomy-Tuấn Khang

Sun PhuQuoc Airways to open direct flight connecting HCMC and Van Don

Thu, 07 May 2026 07:15:00 GMT

Van Don International Airport in northern Quang Ninh province is a vital strategic infrastructure in the country's Northeast region and serves as a modern gateway to the province's world-renowned heritage sites and landmarks.

Sun PhuQuoc Airways has announced that it will officially open ticket sales for its direct route between Ho Chi Minh City (SGN) and Van Don (VDO), starting May 5, 2026, with passenger services scheduled to begin in mid-June.

Accordingly, the airline will operate the direct HCMC – Van Don service with a frequency of four flights per week.

Specifically, the route is scheduled to be inaugurated on June 15, 2026, with flights operating every Monday, Wednesday, Friday, and Sunday. Flights are scheduled to depart from HCM City at 3:30 pm and land in Van Don at 5:30 pm. The return leg will take off from Van Don at 6:10 pm and arrive in HCM City at 8:30 pm.

Sun PhuQuoc Airways emphasised that the establishment of the SGN-VDO direct route will help passengers save significant travel time by eliminating the reliance on traditional transit points.

The route is also designed to serve as a strategic trade bridge, creating opportunities to connect supply chains, commerce, and tourism between the two major economic regions. It is expected to act as a powerful lever to attract domestic tourists from the South to Quang Ninh Province.

Van Don International Airport is a vital strategic infrastructure in the Northeast and serves as a modern gateway to Quang Ninh’s world-renowned heritage sites and landmarks, including Ha Long Bay and Bai Tu Long Bay, as well as the island tourism clusters of Quan Lan, Minh Chau, and Co To. In 2026, Quang Ninh aims to welcome 22 million visitors (including 5.2 million international tourists).

In the opposite direction, the route will provide convenient access for residents of Quang Ninh and neighboring areas to the country’s largest economic hub, facilitating investment opportunities and corporate exchanges.

Vneconomy-Mai Hoàng

Vietnam welcomes 8.8 million foreign tourists in 4M

Tue, 05 May 2026 08:00:00 GMT

The tourism sector has already achieved 35% of its annual target.

Vietnam welcomed a new record of 8.8 million foreign arrivals in the first four months of 2026, increasing 35% compared to the same period last year, according to the National Statistics Office (NSO).

With the above figure, the tourism sector has already achieved 35% of its annual target of attracting 25 million international visitors this year.

In April alone, over 2.2 million foreign tourists visited the country.

In the January-April period, the top 10 source markets for Vietnam included China, South Korea, Russia, Taiwan (China), Cambodia, the US, India, Japan, Australia and the Philippines. These markets accounted for 72% of the total international arrivals in the four-month period, with China and South Korea alone contributing 39.8%.

VnEconomy-Tường Bách

Reinvention of hospitality tourism

Thu, 30 Apr 2026 08:00:00 GMT

Hospitality has been undergoing something of a reinvention in recent times, with a growing focus on an ecosystem-based approach.

For much of the past decade, conversations about Vietnam’s tourism industry followed a familiar script. The country was always on the cusp - rich in natural assets, strategically located, and supported by strong domestic demand - but still trailing more established markets in Southeast Asia. The consensus was clear: the opportunity was there, but it would take time.

Today, that narrative has shifted. There is less speculation, more confirmation. International arrivals reached 21.5 million in 2025, surpassing pre-pandemic levels. Growth is also broadening, with secondary destinations reporting stronger occupancy, improved rates, and rising investor interest.

At Meet the Experts (MTE) HCMC 2026, discussions made clear that the story is no longer just about arrivals but about the structure behind the growth. The market is moving beyond incremental, supply-driven growth toward a more coordinated, ecosystem-based approach - one that integrates infrastructure, transport, experience, and hospitality.

From projects to ecosystems

At the center of this transformation is a new generation of Vietnamese developers, whose ambitions extend well beyond conventional real estate. For these players, hospitality is no longer an asset class in isolation. It is one component of a broader system, one that must be designed holistically if destinations are to compete at a regional and global level.

Mr. Daniel Trinh, Chief Business Development Officer at the Sun Group, articulated this shift in direct terms. “We are not just building hotels,” he said. “We actually cover the entire tourism value chain and customer journey.” Phu Quoc has become the testing ground for this philosophy. Rather than treating the island as a conventional resort destination, the Sun Group is developing it as a fully-integrated tourism ecosystem.

The starting point is access. For years, Vietnam’s tourism growth was constrained not by demand but by connectivity. Limited flight capacity, high ticket prices, and inconsistent international routes created a structural bottleneck that no amount of hotel development could overcome.

The Sun Group’s response has been to internalize that constraint. Through the launch of Sun Phu Quoc Airways, the company is not only adding capacity but actively shaping demand. Its planned expansion, from ten aircraft today to 100 by 2030, signals a long-term commitment to global connectivity. This is a critical shift. By controlling part of the transport layer, developers can influence both volume and composition of visitors, aligning demand more closely with destination positioning.

Its involvement in airport operations, combined with its collaboration with Changi Airports International, reflects recognition that the visitor experience begins long before check-in. The emphasis on “the airport as a destination” is not incidental; it mirrors global trends in which transit spaces are increasingly integrated into the broader tourism experience, shaping first impressions and influencing traveler perceptions.

Beyond external connectivity, internal mobility is also being addressed through investments such as light rail systems linking key tourism zones. As Mr. Trinh explained, for the Sun Group, this includes a light rail system connecting Phu Quoc International Airport southwards to the APEC district area, which is part of a broader effort to build the infrastructure needed for long-term destination development. These projects, while often less visible than hotels or resorts, are essential for ensuring that destinations function efficiently at scale.

The underlying logic is that tourism is not a collection of assets but a system of interdependent components. Weakness in any one element, whether transport, infrastructure, or experience, can constrain the entire ecosystem.

This thinking is increasingly shared by other Vietnamese developers. Ms. Nelly Phuong Ta, Head of Hospitality and Entertainment at the Masterise Group, said it is “not just a residential developer anymore” and is expanding into hotels, destination development, and infrastructure, including aviation and lifestyle components. Masterise’s planned airport development in northern Bac Ninh province illustrates how infrastructure is becoming a strategic tool for shaping regional tourism flows. By creating new gateways, developers can redistribute demand, reduce pressure on existing hubs, and unlock new destinations.

Meanwhile, Ms. Thu Le, CEO of TT Hospitality, emphasized the importance of master planning at scale. With land banks extending up to 1,000 ha, the company is focusing on creating integrated destinations that combine accommodation with cultural, recreational, and experiential components.

The Group, she said, is focusing on attraction activities to build a place as a destination, and careful master planning is essential “in order not to turn it to an empty ghost town.” This observation touches on a critical challenge in Vietnam’s development cycle. Rapid expansion of supply, if not matched by demand generation and experience design, can lead to underutilization, a pattern observed in several emerging markets globally.

Amid the growing focus on large-scale, integrated developments, some investors are taking a more fundamentals-driven approach. Mr. Nguyen Duc Minh, CEO of One Capital Hospitality, emphasized that while the market is evolving, the core drivers of successful hospitality investment remain unchanged.

Drawing on a principle often cited in business strategy, Mr. Minh emphasized that successful hotel investment still comes down to three core elements: location, service, and story. “It is difficult to imagine a guest rejecting a hotel because it is well-located, offers excellent service, and has a compelling narrative,” he said, noting that they provide a stable foundation in a market otherwise defined by rapid transformation. This perspective has guided the company’s focus on destinations such as Hanoi and Nha Trang, where these fundamentals are already well established.

Rewriting the rules

While developers are redefining destinations at the macro level, operators are reshaping the micro-level dynamics of hospitality. This transformation is driven by changing traveler behavior, shifting cost structures, and the increasing importance of distribution.

Mr. Michael Piro, Co-CEO and Board Member at Indochina Capital, framed this evolution through the lens of Wink Hotels. The brand was conceived as a response to a structural gap in the market, one between high-end luxury and underwhelming midscale offerings. But beyond product positioning, Wink represents a rethinking of operational fundamentals.

By eliminating non-essential amenities and focusing on core revenue drivers, the brand achieves a level of efficiency that is critical in a price-sensitive, high-growth market. The model - one staff member per five rooms, 24-hour operations, and a strong emphasis on room yield - reflects a disciplined approach to profitability.

Yet the most significant insight from Wink’s development lies elsewhere. Mr. Piro noted that while real estate focuses on location, hospitality is ultimately driven by distribution. This shift from physical to digital and network-based advantage is reshaping competitive dynamics across the industry. Visibility, access to loyalty programs, and integration into global booking systems are increasingly decisive factors.

Wink’s partnership with Hyatt illustrates how local brands can leverage global platforms without losing identity. By joining the “Unscripted by Hyatt” collection, the brand gains access to a large loyalty base and distribution network while maintaining operational independence. The early results - higher occupancy, increased average daily rates, and longer guest stays - underscore the importance of this strategy.

For the Fusion Hotel Group, distribution is being addressed through platform integration. The Group was acquired in March 2026 by Mr. Suchad Chiaranussati, Founder and Chairman of SC Capital Partners, as part of a strategy to expand its footprint in Asia’s hospitality sector. The deal positions Fusion within a broader platform that also includes Hotel Management Japan (HMJ) and the Indonesia-based Topotels Hotels Resorts, with the combined portfolio managing approximately 16,000 rooms across key markets in the region.

Mr. David Roberts, Group Chief Operating Officer at the Fusion Hotel Group, explained how the company’s alignment with SC Capital Partners enables a hybrid model combining ownership and operations across multiple markets. This structure allows for greater control over asset pipelines, faster expansion, and shared commercial capabilities. He said the goal was “to create a pan-Asian hospitality company,” adding that the platform is already being integrated across markets through joint expansion, shared commercial strategies, and loyalty programs.

At the same time, alternative models are entering the market. Club Med’s approach, as described by Mr. Sebastien Favre, Vice President of Development, Construction Asset Management, SEA Pacific, at Club Med, represents a fundamentally different logic. By combining product and distribution within a single platform, the company can effectively generate demand for destinations that would otherwise struggle to attract visitors. This capability is particularly relevant for Vietnam, where many potential destinations remain underdeveloped. The ability to “activate” these locations through integrated models could accelerate the country’s geographic diversification.

Meanwhile, established operators such as Dusit International are taking a more measured approach, prioritizing differentiation over rapid expansion. Mr. Siradej Donavanik, Vice President - Development (Global) at Dusit International, emphasized that while the group has the flexibility to deploy a wide portfolio of brands, from ultra-luxury to midscale lifestyle concepts, growth in Vietnam will remain deliberately selective.

Rather than pursuing scale for its own sake, Dusit aims to add only a limited number of properties each year, ensuring that each project meaningfully reinforces the brand. This approach is already reflected in its recent expansion, including a newly-opened property in Hanoi, which Mr. Donavanik highlighted as part of the group’s growing footprint in the country.

For Dusit, the focus is firmly on experience, wellness, and the essence of Asian hospitality. He said the group is “not really into the numbers game,” instead focusing on ensuring that each property “activates the brand” and is co-created from the outset. This philosophy extends to how the company partners and operates. As both an owner and manager, Dusit emphasizes long-term relationships and early-stage collaboration with developers, ensuring that each project is carefully positioned from the outset. In this model, success is not defined by the speed of expansion but by how well each property delivers a distinctive experience and contributes to the broader destination.

Infrastructure strategy

Across the discussion, despite the diversity of business models and development strategies, one point of alignment was clear: infrastructure will ultimately determine how far Vietnam’s tourism sector can go. Growth is no longer constrained by demand alone, but by how effectively the country can support and channel that demand.

As Mr. Piro put it, the issue is fundamentally one of access. “If you cannot get people to these destinations, no matter how many hotel rooms we build, it’s not going to make a difference.” His point reflects a broader concern shared across the panel, that without sufficient connectivity, even the most ambitious developments risk underperforming.

Vietnam’s infrastructure pipeline is expanding, with major projects expected to increase airport capacity and improve accessibility. However, the discussion highlighted that infrastructure is not simply about adding capacity. It is also about how well different components work together. Airports, roads, and internal transport systems must operate as a coordinated network. Gaps or inefficiencies at any stage of the journey can weaken the overall destination experience.

There is also a question of timing. Infrastructure needs to keep pace with development. If hotel supply grows faster than connectivity, bottlenecks will emerge, limiting both occupancy and visitor satisfaction. At the same time, the panel suggested that infrastructure should not be viewed in isolation, but as part of a broader system that includes attractions, entertainment, and supporting services.

Everyone was looking at international arrivals, but domestic travel is enormous and it continues to grow. We saw it outstripping international quite significantly. That was the key opportunity for us.

Mr. Michael Piro, Co-CEO and Board Member, Indochina Capital

Beyond physical connectivity, the discussion also highlighted the importance of branding, marketing, and destination positioning. This includes how Vietnam positions itself in the global market and how effectively it communicates the quality of its destinations.

Mr. Roberts noted that interest in Vietnam is already strong across regional and international markets. The next step, however, is to convert that interest into sustained demand. This requires clearer messaging around what Vietnam offers, not just in terms of availability, but in terms of experience and differentiation.

This leads directly to a deeper strategic question that emerged in discussions: whether Vietnam should prioritize quantity or quality in its next phase of growth. As the market matures, the focus is beginning to shift from simply increasing visitor numbers to enhancing value. For Mr. Piro, this is a critical inflection point. “Vietnam will have a choice,” he said. “Do we want to focus on quality or quantity? At what point do we become a yielding market where we really focus on rate growth rather than just expanding numbers.” Long-term success, he emphasized, will depend on how much value each visitor brings, rather than how many arrive.

What’s really important for us is to stay focused on the experience. At the core, we want to focus on the experience economy, particularly wellness and Asian hospitality, which remain central to what we do.

Mr. Siradej Donavanik, Vice President - Development (Global) at Dusit International

This perspective carries broader implications across the industry. For developers, it suggests a move toward more integrated, experience-driven destinations rather than standalone projects. For operators, it points to the importance of brand positioning and guest experience. For the market as a whole, it raises questions about sustainability and long-term competitiveness.

In that context, the industry is no longer defining success purely in terms of expansion. Instead, it is beginning to focus on how that expansion is structured and what it ultimately delivers. Vietnam’s tourism sector has clearly moved beyond its early stage of growth. Demand is strong, investment is accelerating, and new models are being introduced across the market. The more important question now is how these elements come together. If infrastructure, positioning, and development strategies can be aligned, Vietnam has the potential to sustain its momentum and strengthen its position in the region.

There’s a ton of interest coming from Asia-Pacific and other regions, now it’s how do we get the message out about the quality of the destinations that we have in Vietnam.

Mr. David Roberts, Group Chief Operating Officer at the Fusion Hotel Group

VET-Linh Tong