Speaking at the event on May 28, Prime Minister Pham Minh Chinh highlighted that AI development and application are not only strategic choices but also urgent, top priorities for every country.

Prime Minister Pham Minh Chinh and Malaysian Prime Minister Anwar Ibrahim participated in a high-level discussion session titled “The Intelligence Grid: Building Bridges Through Sovereign AI Collaboration” in Kuala Lumpur on May 28, according to a report from the Vietnam News Agency.

The event marked the opening of the Association of Southeast Asian Nations (ASEAN) - the Gulf Cooperation Council (GCC) Economic Forum, setting the direction for collaboration between the two blocs.

Leaders of countries, experts, scholars, and business representatives from ASEAN and the GCC explored the development and application of autonomous AI, comprehensive digital transformation, and the role of ASEAN-GCC cooperation in building inclusive digital infrastructure. Discussions also focused on experience sharing, development orientation, and the potential for deeper cooperation and connectivity among nations.

Speaking on AI collaboration between ASEAN and the GCC, PM Pham Minh Chinh said AI is now present in all aspects of life, improving human interaction and enhancing productivity across sectors. Therefore, AI development and application are not only strategic choices but also urgent, top priorities for every country.

According to the Vietnamese PM, ASEAN and GCC members possess distinct and complementary advantages, highlighting the need for closer and more effective cooperation in all areas. In this effort, governments play an enabling role by developing regulatory frameworks, infrastructure, and human capital, while people and businesses must be the central actors in AI development, application, and governance.

Like humans, AI has both strengths and limitations, the PM stressed, saying what matters is harnessing its positive aspects while minimizing risks.

He urged developed nations to support less developed and developing countries in achieving inclusive, comprehensive AI development, ensuring no one is left behind. This includes building conducive legal frameworks, strategic infrastructure, such as data systems, energy, and smart governance; training high-quality human resources, and facilitating ethical AI development. He called for concessional financing and technology transfer from developed countries to those still developing.

Stressing the importance of an intelligent and civilized governance system for AI that adheres to global standards, the Vietnamese leader called for stronger coordination to ensure AI development is safe, ethical, and inclusive.

-Vân Nguyễn

The south-central province targets to have 15 IPs by 2030.

The People’s Committee of south-central Binh Dinh province has given the go ahead to an investment policy for infrastructure construction and trade  at the projected Binh Nghi industrial park (IP), with a total investment capital of around VND901.3 billion ($34.5 million).

The IP will cover 207.67 hectares at Binh Nghi commune, Tay Son district.

Of the total capital, the investor – the Binh Nghi IP Infrastructure Investment and Development Ltd.Co – will contribute nearly VND135.2 billion ($5.18 million), while the rest will come from commercial loans.

Infrastructure construction for the IP is scheduled to start in the first quarter of 2026 and complete by the end of 2028.

Under the provincial planning, Binh Dinh is expected to have 15 IPs by 2030 with a total area of 6,714 ha.

In the first quarter of 2025, local IPs attracted 13 industrial production projects with a combined registered investment capital of over VND5.37 trillion ($206 million).

 

-Thanh Xuân

The deal valued at around $94 million.

Vietnam’s telecom giant Viettel has signed a strategic partnership agreement with KT, one of South Korea’s leading telecom carriers, to advance digital transformation based on AI in Vietnam.

Under the agreement signed in Hanoi on May 26, Viettel and KT will develop AI solutions tailored to Vietnam’s conditions, while accelerating joint global business expansion.

The two sides will work closely together to develop and deploy digital technology platforms, AI ecosystems, and data infrastructure to support AI transformation in Vietnam.

The two sides will build a dedicated AI data center and GPU (graphics processing unit) server clusters; and develop a global development center in Hanoi to nurture high-quality AI transformation talents.

According to the Korea Herald, the deal is valued at approximately 130 billion won ($94 million), marking a significant step in KT’s efforts to lead AI innovation across the Southeast Asia.

 

 

-Bạch Dương

The 2024 Annual Mekong Delta Economic Report identifies 4 solutions to address investment bottlenecks and to ensure sustainable development in the region.

According to the 2024 Annual Mekong Delta Economic Report (AMDER), the Mekong Delta’s Gross Regional Domestic Product (GRDP) grew by 7.3% in 2024, surpassing the national average of 7.1% for the third consecutive year. While this growth is promising, the region's economic foundation remains fragile, with little structural transformation and persistently low investment levels, the report remarked.

The 2024 AMDER) was jointly published by the Vietnam Chamber of Commerce and Industry (VCCI), the Fulbright School of Public Policy and Management (FSPPM), and a team of experts.

The report noted that investment shortages have long been a core challenge hindering the Mekong Delta's sustainable economic development. Therefore, to ensure this region can develop sustainably and fully leverage its economic potential, strong policy solutions are needed to enhance investment efficiency and increase investment resources.

Public, private, and Foreign Direct Investment (FDI) into the region are all low, the report remarked, adding that public investment in this region is only higher than that in the Central Highlands, on par with the Northern Midlands and Mountainous Region, but significantly lags behind the North Central Coast, which receives double the public investment.

To address investment bottlenecks and ensure sustainable development, the report outlines four key solutions:

First, digitalization must be at the heart of the region’s investment and development strategy. Strengthening telecommunications infrastructure and high-speed internet is essential for fostering a digital government, digital economy, and digital society.

Second, public investment allocation should prioritize transportation and telecommunications infrastructure, logistics, and digital transformation. Accelerating the disbursement of funds for critical projects, including the Can Tho – Ca Mau expressway, Chau Doc – Can Tho – Soc Trang expressway, and agricultural logistics system, is key to improving connectivity.

Third, creating a more favorable environment to attract private and FDI investment requires improvements in administrative procedures, transparency in licensing processes, and expanded land access for strategic investors in high-tech agriculture, deep-processing industries, and renewable energy.

Fourth, mobilizing private capital for major infrastructure projects, particularly in transport and logistics, can help bridge the investment gap. Additionally, promoting eco-rural models and green urban development will enhance quality of life and attract top talent.

-Song Hà

The partnership aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.

Vietnam’s vast network of islands and archipelagos faces persistent energy reliability issues, with many remote communities still dependent on diesel generators. These conventional systems not only generate significant environmental pollution but also suffer from operational instability due to complex fuel logistics.

As Vietnam seeks sustainable and resilient energy alternatives, green hydrogen-based energy offers a transformative solution to provide stable, 24/7 clean electricity, reducing dependence on fossil fuels and supporting the long-term socio-economic development of island populations.

In a significant step forward for Vietnam’s clean energy ambitions, the HDF Energy (Hydrogène de France) , a global pioneer in hydrogen power solutions, and Southern Power Corporation (EVNSPC), a subsidiary of Vietnam Electricity (EVN), have signed a Memorandum of Understanding (MoU) to jointly explore the development of green hydrogen power projects. The collaboration will focus on remote islands in southern Vietnam.

The MoU was signed during a high-level ceremony in Hanoi, held on the occasion of French President Emmanuel Macron’s State visit to Vietnam from May 25 - 27. 

Through this partnership with EVNSPC, HDF Energy aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.

By leveraging HDF Energy’s cutting-edge hydrogen technology with EVNSPC’s extensive expertise in power distribution, the initiative seeks to unlock new opportunities for sustainable energy development across Vietnam.

Under the MoU, HDF Energy and EVNSPC will jointly coordinate hydrogen initiatives through appointed representatives. The partnership includes conducting technical and feasibility studies, identifying project sites, engaging local authorities, and aligning investment and engineering teams. It also promotes knowledge-sharing on hydrogen technologies and applications.

This collaboration reflects a shared commitment to accelerating Vietnam’s energy transition and advancing innovative, clean and reliable energy solutions for underserved communities.

Speaking at the MoU signing ceremony, Mr. Nguyen Phuoc Duc, General Director of EVNSPC expressed enthusiasm about the partnership, stated that this collaboration will contribute to accelerating the energy transition in Vietnam, particularly on off-grid islands managed by EVNSPC, by ensuring stable 24/7 electricity supply at a lower cost compared to diesel-generated power.

"We deeply value this partnership and extend our sincere thanks to the French Embassy, relevant authorities, and Vietnam Electricity (EVN) for their continued support throughout our development journey," he added. "We believe this initiative is a meaningful testament to the strength of the France–Vietnam partnership in advancing sustainable energy development.”

Mr. Damien Havard, Chairman and CEO of HDF Energy, also commented that this partnership with EVNSPC marks an important moment for HDF Energy in Vietnam. "By combining our expertise in green hydrogen technology with EVNSPC’s deep knowledge of the local energy landscape, we are laying the groundwork for a scalable solution to bring clean, reliable power to remote island communities," he said. "It’s a concrete step toward achieving energy independence and sustainability for regions long underserved by traditional infrastructure."

-Ngoc Lan

These records affirm Vietnam Gameverse’s growing regional significance and solidify Vietnam as a new global gaming destination.

Vietnam Gameverse 2025 has achieved remarkable milestones, with its scale expanding to over 100 participating units and booths—double that of last year and five times that of the inaugural edition, said an official.

Mr. Le Quang Tu Do, Director General of the Authority of Broadcasting and Electronic Information under the Ministry of Culture, Sports Tourism, highlighted these achievements at the opening ceremony of the Vietnam Game Forum on May 26.

For the first time, multinational corporations and major game companies, including Apple, Meta, Google, ROBLOX, and Riot Games, have participated, working alongside regulatory agencies and engaging in extensive exchanges and cooperation with Vietnamese game businesses.

“This success is driven by the unprecedented convergence of five key 'game universes': the state, publishers, developers, investors, and educational institutions—all joining forces to advance Vietnam’s gaming industry," Mr. Do stated.

"These records affirm Vietnam Gameverse’s growing regional significance and solidify Vietnam as a new global gaming destination. The dream of reaching the stature of ChinaJoy and G-Star is no longer distant—hopefully, it will become a reality within the next five years.”

Ms. Laura Li, Head of eSports for the Asia-Pacific region at Riot Games, emphasized that eSports is more than just a passion—it is a viable career path that nurtures teamwork, strategic thinking, and adaptability in competitive environments.

“Vietnam is emerging as a dynamic eSports hub in the region. Teams like GAM, Team Secret Whales, and Crazyguy regularly compete in international tournaments. The potential of eSports tourism is significant—major tournaments draw thousands of international spectators to host cities, creating positive ripple effects for the economy, culture, and community,” Ms. Li affirmed.

-Phạm Vinh

Mr. Swain Ajaya Kumar, General Director of Zamil Steel Buildings Vietnam, shared with VET the company’s ambitious roadmap for innovation and sustainability, aimed at driving industrial growth in Vietnam while meeting global environmental standards.

Could you elaborate on the key areas of innovation Zamil Steel Buildings Vietnam will focus on over the next three years? How will these differentiate your company in the market?

Over the next three years, we will focus on three key pillars of innovation that aim to deliver the best value to our customers.

First, business model innovation will be central to our strategy. As a pioneer in the design, fabrication, and supply of steel buildings and structures, Zamil Steel is known for robust design, rapid delivery, and superior quality. We create greater value for high-end customers by realigning our business model to offer customized services and fast-track delivery, positioning us as the preferred choice for short-cycle projects.

Second, we are focusing on technological innovation. Advanced technologies are being adopted in our manufacturing processes, including multipurpose laser cutting, robotic welding, and inverter-based systems. These advancements will enhance our product quality and delivery speed, enabling us to better serve our clients.

Third, we are implementing process innovation. This involves streamlining and enhancing existing processes through digital transformation and the use of advanced software in manufacturing, logistics, and service delivery. These innovations will elevate the overall customer experience by improving quality, reducing costs, and differentiating us in the market through high-speed delivery, robust design, superior quality, and last-mile delivery services.

Mr. Swain Ajaya Kumar, General Director of Zamil Steel Buildings Vietnam

How is Zamil Steel Buildings Vietnam integrating sustainable practices into steel fabrication to minimize environmental impact?

We are intergrating a range of sustainable practices into our manufacturing and order management processes. This includes investing in renewable energy and energy conservation through inverter-based technologies to enhance energy efficiency.We are also implementing water- and energy-efficient measures across all operations and utilizing energy-efficient machinery alongside IoT systems for real-time monitoring of resource consumption. Additionally, we prioritize ethical and environmentally responsible sourcing of raw materials, giving significant weight to vendors’ carbon credits when finalizing orders. Finally, we are developing modular structures that reduce waste and optimize resource efficiency, thereby supporting a circular economy and minimizing environmental impact.

How do innovation and sustainability synergize to drive Zamil Steel Buildings Vietnam’s growth?

Sustainability and innovation have a natural synergy at Zamil Steel Buildings Vietnam, as we strive to support the net-zero and green goals set by the Vietnamese government. We integrate sustainability into our innovation processes by aligning our innovation efforts with sustainability goals, which include defining sustainability targets and embedding sustainability considerations at every stage of the innovation lifecycle. We also focus on fostering a culture of innovation for sustainability by encouraging a sustainability mindset, empowering employees, and creating a collaborative environment. Additionally, we engage stakeholders by collaborating with partners and customers to advocate for policies that support sustainable innovation, while continuously adapting and improving our practices.

What message would you like to convey to clients, partners, and the industry about your commitment to innovation and sustainability?

As Zamil Steel Holding strives to adhere to this field, Zamil Steel Buildings Vietnam is aligned with global ESG goals and has implemented all necessary standards to provide solutions tailored to project requirements. We have successfully met environmental standards for projects not only in ASEAN countries but also in Australia, the US, and European nations. Together, we can demonstrate our commitment to reducing emissions and establishing standards for sustainable growth, fostering a better workplace, society, and world.

We express our deepest gratitude to our customers, clients, partners, regulators, and Vietnamese government authorities for their trust and support in our innovation and sustainability efforts.

 

 

ABOUT ZAMIL STEEL BUILDINGS VIETNAM

Zamil Steel Buildings Vietnam is the leading steel structure fabricator in Vietnam, with 100 per cent investment from Saudi Arabia. The company specializes in the design, fabrication, and supply of pre-engineered steel buildings and steel structures for a wide range of industrial, commercial, and infrastructure projects across Vietnam and internationally.

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-Diep Linh

The event focusing on emerging and critical technology sectors such as AI, healthtech, greentech, fintech, and digital transformation.

French Tech Summit Vietnam 2025 opened in Ho Chi Minh City on May 27, opening up opportunities to promote cooperation between the two countries in the digital era.

With the theme “Riding The Crest – France Vietnam Empower Next-Wave Breakthroughs”, the event focused on emerging and critical technology sectors such as AI, healthtech, greentech, fintech, digital transformation, gaming, blockchain, and edtech.

The event drew more than 1,500 participants, including government leaders, technology experts, investors, startups, and representatives from both countries.

The summit served as a bridge connecting Vietnamese and French enterprises and startups with discussions focusing on strategic topics such as AI, environment, digital transformation and fintech.

A highlight of the summit was the “Le Booster Accelerator Challenge”, which attracted a large number of promising startups seeking investment, mentorship, and strategic partnerships.

An exhibition featuring more than 80 booths and over 40 leading startups and tech companies offered insights into cutting-edge technology trends.

 

-Vân Nguyễn

The complex aims to localize the manufacturing of rail equipment, locomotives and railcars.

The Vietnam Railways Corporation (VNR) has submitted a proposal to the Ministry of Finance to consider an investment policy for a project to build a national railway industry complex.

According to the proposal, the project will cover 250 hectares at Phu Xuyen and Ung Hoa outlying districts of Hanoi.

Total investment capital is estimated at over VND17.5 trillion ($670 million). Of which, public capital will be invested in building a railway route connecting with the national rail network, technical infrastructure, a Research and Development center and other State-support components.

The complex targets domestic production and to gradually localize hardware and software components related to signaling, communications, and power systems. It is also expected to gradually master the operation and maintenance processes, and manufacture some selected components and spare parts for high-speed rail. It will also receive and localize technologies in producing locomotives and railcars for national and urban railway networks.

If approved, construction of the first phase of the project is expected for completion by 2029. The complex’s projected revenues from 2030 to 2050 are estimated at over VND228.1 trillion ($8.73 billion), with average annual profits of around VND1.141 trillion ($43.7 million).

-Đan Tiên

Talking with Deputy Prime Minister Tran Hong Ha during a working breakfast in Hanoi on May 27, French President Emmanuel Macron affirmed France’s support for Vietnam through a €500 million concessional loan.

During a working breakfast with Deputy Prime Minister Tran Hong Ha in Hanoi on May 27, French President Emmanuel Macron, who was on a State visit to Vietnam from May 25-27, affirmed France’s support for Vietnam through a €500 million concessional loan, specifically earmarked for projects under the JETP framework.

The French President was quoted by the Vietnam News Agency as telling the Vietnamese Deputy Prime Minister that France stays ready to support and accompany Vietnam in delivering on its key commitments in sustainable development, environmental protection, carbon emission reduction, and energy transition through cooperation mechanisms, including the Just Energy Transition Partnership (JETP) framework.

Deputy PM Ha underscored energy transition as a “matter of survival” and a crucial goal shared by both nations. With fossil fuel reserves dwindling, the shift toward newer, cleaner energy sources, such as renewables, hydrogen and nuclear energy presents ample opportunities for collaboration between policymakers, scientists, and businesses from both countries, he said, as quoted by the news agency.

Deputy Prime Minister Ha highlighted the longstanding tradition of bilateral energy cooperation between Vietnam and France, which has yielded tangible successes over the past years. The elevation of bilateral ties to a Comprehensive Strategic Partnership in 2024, he said, provides an important foundation for advancing cooperation in energy transition and carbon emissions reduction.

According to him, Vietnam’s energy transition extends beyond the energy sector to encompass industry, transportation, and agriculture.

Both sides agreed that public-private partnerships are a vital bridge, enabling shared resources, risk mitigation, and the scaling up of sustainable energy solutions.

The discussions at the working breakfast were enriched by valuable insights from Deputy Minister of Industry and Trade Phan Thi Thang and Deputy Minister of Science and Technology Le Xuan Dinh, alongside leaders of major energy corporations from both countries, including the Électricité de France (EDF), the Hydrogène de France (HDF), the French Development Agency (AFD), the Vietnam Electricity (EVN), and the Vietnam National Industry – Energy Group (Petrovietnam). These enterprises presented concrete proposals to materialize the cooperation frameworks agreed upon by Vietnamese and French leaders.

On the occasion, the French Embassy in Vietnam hosted a signing ceremony for a series of cooperation agreements between Vietnamese and French agencies and enterprises, including a Memorandum of Understanding (MoU) between AFD and EVN for a concessional loan funding the Bac Ai pumped-storage hydropower project, and another between HDF Energy and Southern Power Corporation to develop decarbonized hydrogen-based electricity generation projects.

-Vân Nguyễn

The 1,541-km railway stretching from Hanoi to HCM City.

Automaker Truong Hai Group (THACO) has proposed the Prime Minister to build the North-South high-speed railway with an estimated investment capital of over VND1.5 quadrillion ($61.35 billion).

According to the proposal, of the total amount, some 20% (roughly $12.27 billion) will come from the company’s equity.

The remaining 80% would be sourced from domestic and international loans, under a condition that the government provides sovereign guarantees and covers all interest payments over a 30-year period.

The cost does not include compensation and resettlement expenditures for land clearance.

As proposed, the project will consist of two phases. The first phase is scheduled for completion and operation within five years, covering two sections: from Hanoi to central Ha Tinh province and from Ho Chi Minh City to Nha Trang. The second phase will complete the remaining segment from Ha Tinh to Nha Trang within the following two years.

THACO aims to complete the entire line in 7 years.

The North-South high-speed railway project was approved by the National Assembly last November with estimated investment capital of VND1.7 quadrillion ($67 billion). It has a total length of 1,541 km and runs across 20 provinces and cities, stretching from Ngoc Hoi station in Hanoi to Thu Thiem station in Ho Chi Minh City.

Earlier, on May 14, VinSpeed High-Speed Rail Investment and Development JSC, a subsidiary of VinGroup, also registered to invest in the North–South high-speed railway project.

Under VinSpeed’s proposal, total investment capital of the project is estimated at VND1.562 quadrillion ($61.35 billion), excluding costs related to compensation, relocation support, and resettlement for land clearance.

VinSpeed commits to mobilizing 20% of the total investment capital, equivalent to VND312 trillion ($12.27 billion). For the remaining 80%, the company proposed borrowing from the state budget, through zero-interest loans, repayable over a 35-year period from the disbursement date.

As proposed by VinSpeed, the construction is expected to start in 2025 and complete by 2030.

 

 

 

-Huỳnh Dũng

The project will provide 890 apartments for low-income earners and workers.

Central Thanh Hoa province is seeking investors through bidding to build a social housing project in its city of the same name, with an estimated investment capital of over VND1.55 trillion ($59.3 million).

The project will cover nearly 1.65 hectares at a resettlement area at Phu Son ward.

This is one of the biggest social housing projects of the province so far, targeting low-income earners and workers at industrial parks.

The project will consist of two 21-storey buildings with 890 apartments, and 30 low-rise commercial houses, serving around 3,000 residents.

The project is in line with the Government master plan on social housing development in the 2021-2030 period.

 

-Thiên Anh

The ruling from Canada confirms that Vietnamese manufacturers and exporters can continue shipping semi-trailers to Canada without facing these trade remedy duties.

The Trade Remedies Authority of Vietnam (TRAV), under the Ministry of Industry and Trade (MoIT), has announced that on May 23, the Canada Border Services Agency (CBSA) issued its final findings in the anti-circumvention investigation regarding semi-trailer imports from Vietnam.

According to the CBSA’s determination, Vietnamese semi-trailers were found not to be circumventing the trade remedy measures imposed on similar products imported from China. This conclusion remains unchanged from the preliminary findings in April 2025.

Currently, Canada applies anti-dumping duties of 126.4% and countervailing duties of 12,370 Renminbi per unit on semi-trailers imported from China.

The CBSA’s ruling confirms that Vietnamese manufacturers and exporters can continue shipping semi-trailers to Canada without facing these trade remedy duties, ensuring stable and lawful trade operations in the market.

The TRAV views this outcome as a positive development for the nation’s manufacturing and export sector, particularly amid global economic volatility and an increasing trend of trade barriers.

Timeline of the case:

January 19, 2022: The CBSA issued its final determination, concluding that China was engaging in dumping and subsidization of semi-trailers.

February 18, 2022: The Canadian International Trade Tribunal (CITT) ruled that Chinese semi-trailer imports had caused injury to Canada’s domestic industry, leading to the imposition of duties on these goods.

November 25, 2024: Following allegations by Max-Atlas International Inc., the CBSA launched an anti-circumvention investigation into semi-trailer imports from Vietnam, examining whether they were avoiding trade remedy measures applicable to Chinese imports.

-Vũ Khuê

Japan remains a key market for Vietnamese agricultural products.

A Vietnam-Japan economic cooperation and trade conference was held in Japan’s Osaka on May 27, bringing together 28 Vietnamese businesses to introduce a diverse range of products to their Japanese counterparts.

The showcased products included agricultural products  and food items—such as tapioca starch, dried and frozen seafood, tea, coffee, spices, fresh produce, and almond cookies—as well as mechanical and electronic components, construction materials, household goods, and perfumes, fostering mutually beneficial cooperation opportunities.

Ms. Quyen Thi Thuy Ha, Head of the Vietnam Trade Office in Osaka, emphasized that Japan remains a key market for Vietnamese agricultural products.

In 2024, exports of processed agricultural goods, particularly fresh fruit and seafood, experienced strong growth, driven by market access agreements and product quality improvements that increasingly meet Japan’s high standards.

Vietnamese and Japanese enterprises are actively collaborating to develop high-tech agriculture in Vietnam, with a focus on livestock farming, aquaculture, and organic agricultural production. Japanese companies are contributing advanced technologies for quality management and product preservation, further enhancing trade cooperation.

The conference served as a platform for new networking opportunities, contributing to more effective and comprehensive economic relations between the two nations.

Speaking at the event, Ms. Wada Aya, Director General of the Osaka City Economic Strategy Bureau, highlighted the long-standing business ties between Osaka City and Vietnam.

Since signing a Business Partner City (BPC) agreement in Ho Chi Minh City in 1997, the two sides have maintained continuous exchanges, organizing BPC roundtable conferences, economic cooperation events, and trade seminars to strengthen bilateral economic collaboration.

-Huyền Vy

The Landmark once again secures its spot among Vietnam’s top 30 FIEs, reflecting decades of trusted excellence. The Landmark has been recognized among Vietnam’s Top 30 Outstanding Foreign-Invested Enterprises (FIEs) in 2024-2025

The Landmark, a pioneer in luxury serviced apartments and office spaces, has once again earned a place among Vietnam’s Top 30 Outstanding Foreign-Invested Enterprises (FIEs) in 2024-2025 at the prestigious 24th Golden Dragon Awards. Organized in April by Tap chi Kinh te Viet Nam / Vietnam Economic Times / VnEconomy, with selections made by the editorial board and readers, this accolade reaffirms The Landmark’s enduring leadership, a recognition it has proudly received multiple times over the past decade.

The Landmark – Ho Chi Minh City’s first international serviced apartment and office complex – has been an industry leader in Vietnam since 1994. It has set service and management standards and built trust with international corporations and individuals through its high-quality services.

The Landmark is a 16-storey complex located in the bustling center of District 1, Ho Chi Minh City, offering luxury serviced apartments, office spaces, and the Health Club. Established in 1994, it is a joint venture between Hong Kong and Shanghai Hotels and the Ministry of Defense’s Foreign Relations Service Company. The former also owns the Peninsula Group and operates some of the most prestigious luxury properties in the world. The Landmark has also demonstrated its commitment to the community for over a decade through its Corporate Responsibility and Sustainability Programmes, delivering luxury in a sustainable and responsible way by innovating operations with conscious changes and contributions and giving back to the community.

Prime location and appeal

Strategically situated on a prime waterfront site in District 1, The Landmark offers easy access to many of Ho Chi Minh City's key attractions, business areas, as well as industrial parks in neighboring cities and provinces. Guests can explore nearby tourist sights, convenience stores, restaurants, and shops, all within walking distance. This location is convenient not only for tourists but also for business arrangements. Despite being surrounded by the city's energetic streets, The Landmark provides a serene and luxurious atmosphere with a majestic view of the Saigon River, making it an attractive option for both local and international visitors. Solo travelers, business professionals, and families alike appreciate the peaceful environment amid the city’s vibrant landscape.

Elegant serviced apartments and premium office spaces

The Landmark boasts 64 spacious serviced apartments, located between the 10th and 14th floors. Each apartment is fully furnished, featuring modern amenities such as a bathtub, kitchen, and stylish décor. Guests can choose from four types of apartments: studios (40–50 sq m), one-bedroom (62–92 sq m), two-bedroom (120 sq m), and three-bedroom (172 sq m). The round-the-clock reception and security team ensure that all guest needs are met promptly, offering a personalized and comfortable experience that feels like home.

In addition to residential services, The Landmark provides over 10,000 sq m of premium office space. Its prime location offers businesses easy access to Ho Chi Minh City's central business district and surrounding industrial parks. The office spaces are supported by high-quality service and a 24-hour security system, making The Landmark a preferred choice for corporate tenants.

The Health Club and HCMC Squash Tournament

The Health Club, located on the 15th and 16th floors, offers an array of fitness and wellness services, including a fully equipped gym, yoga studio, sauna, and rooftop pool. Accredited instructors lead weekly yoga, Zumba, and squash classes, and the exclusive atmosphere of the Health Club is enjoyed by residents, office employees, and visitors alike. The Club focuses on promoting a healthy lifestyle, with staff always ready to assist guests in achieving their fitness goals.

The squash court, the only one in central Ho Chi Minh City, is the club’s most popular facility. Players from all over the world come to play, and both group and private squash lessons are available for those looking to improve their skills. The Health Club’s annual squash tournament, held every October, is its highlight event. Players of all skill levels - beginner, intermediate, and advanced - compete in the tournament, which spans almost a month and concludes with a celebration by the rooftop pool. The tournament fosters a growing squash community and promotes the sport within the city.

Corporate responsibility and sustainability programs

Since 2012, The Landmark has actively engaged in Corporate Responsibility and Sustainability Programmes (CRS), working to support local communities through charitable initiatives. These programmes are led by the property's resolute employees, with residents and office tenants often joining as volunteers. Over the years, The Landmark has partnered with 13 different organizations to provide financial aid and direct support to those in need.

This year, The Landmark organized a fundraising event on International Women’s Day in March. The proceeds from this event funded a donation of five 500W solar LED lights for Thanh Tam Home in Can Gio District. More projects are planned for the coming months. Please contact The Landmark if you are interested in participating in their charity activities.

A prestigious property with a commitment to excellence

For the last three decades, The Landmark has established a formidable reputation through the security and strong trust in the Peninsula brand. Its dedication to quality has helped it maintain its position in the market. As one of Ho Chi Minh City's most prestigious properties, The Landmark continues to set the benchmark for luxury living and corporate services. By providing personalized services, high-quality facilities, and actively contributing to the community, The Landmark remains a sought-after address for both residents and businesses alike.

-Diep Linh

At the inaugural ASEAN-Gulf Cooperation Council-China summit held on May 27 in Kuala Lumpur, Prime Minister Pham Minh Chinh emphasized the need to focus cooperation on trade, investment and supply chain connectivity.

Prime Minister Pham Minh Chinh attended the inaugural ASEAN-Gulf Cooperation Council-China summit, held on May 27 in Kuala Lumpur, Malaysia, as part of the 46th ASEAN Summit and related summits, hosted by Malaysia, the 2025 ASEAN Chair.

According to a report from the Government News, the summit demonstrated the importance of multilateral cooperation and aimed to promote strategic alignment between ASEAN and the Gulf Cooperation Council (GCC) and China on the basis of mutual respect and understanding.

With a combined GDP of $24.87 trillion, cooperation between ASEAN and GCC and China would contribute to prosperity and development in Asia and the world.

Leaders of ASEAN, GCC and China pledged to promote trade, investment and finance cooperation, supply chain connectivity and market access as well as cooperation in new fronts such as digital technology, artificial intelligence, renewable energy; strengthen cultural exchanges, education and tourism cooperation.

Regarding regional and international issues of common concern, the leaders shared their concern over complicated developments on the Gaza Strip and voiced their support for peace process, formulation of an independent Palestine State, and the two-State solution in accordance with international law and related resolutions adopted by the United Nations Security Council.

They also affirmed the importance of peacefully resolving disputes on the basis of international law, ensuring maritime security, and upholding the values of dialogue, cooperation and confidence building.

Addressing the summit, Prime Minister Pham Minh Chinh welcomed ASEAN, GCC and China – the three major economic drivers of the world, to engage in discussions to enhance cooperation, opening up a historic opportunity to create new strategic cooperation space for the future of prosperity, inclusivity and sustainability for the involved parties.

The Vietnamese Prime Minister was quoted by the Government News as emphasizing the need to focus cooperation on trade, investment and supply chain connectivity. From this perspective, he suggested that ASEAN and China effectively implement their free trade agreement, and that ASEAN and GCC should push for signing a free trade deal.

He also suggested ASEAN work with GCC and China to mull over a tripartite economic cooperation mechanism, including the possibility to formulate a free trade agreement.

Vietnam commits to continue working with countries to contribute to peace, stability and prosperity for all people in ASEAN, GCC and China, affirmed Prime Minister Chinh.

-Vân Nguyễn

Addressing the 2nd ASEAN - Gulf Cooperation Council (GCC) Summit held in Kuala Lumpur, Malaysia on May 27. Prime Minister Pham Minh Chinh suggested the two blocs jointly shape a new inter-regional cooperation model.

Delivering a speech at the 2nd ASEAN - Gulf Cooperation Council (GCC) Summit, held in Kuala Lumpur, Malaysia on May 27, as part of the 46th ASEAN Summits and related summits, hosted by Malaysia, Prime Minister Pham Minh Chinh suggested ASEAN and the GCC jointly shape a new inter-regional cooperation model to strengthen bilateral cooperation and contribute to peace, stability and development in the two regions and the world.

The Vietnamese PM was quoted by the Government News as highly appreciating the potential for ASEAN-GCC cooperation, noting that the two regions possess unique strengths that are highly complementary and share many commonalities in development vision.

ASEAN stands out for its high growth rate, young population, large market, and rapid transformation, while the GCC serves as a hub for global energy and financial resources and possesses advantages in technology and green development experience, the PM added.

The new inter-regional cooperation model must be based on sincerity, substance, comprehensiveness, cohesion, and effectiveness, he stressed.

The Vietnamese leader called on the two blocs to enhance strategic connectivity and promote substantial cooperation to achieve sustainable and inclusive development, with people and businesses at the center.

He suggested that both sides promptly establish an economic cooperation agreement to facilitate market access, enhance supply chain connectivity and two-way investment support while ASEAN and the GCC conduct a feasibility study on a comprehensive Free Trade Agreement (FTA).

He also suggested that ASEAN and the GCC consider green and sustainable growth as a new pillar of their future-oriented cooperation, focusing on digital transformation, green transition, circular economy, science and technology application, sustainable infrastructure development, smart cities, smart agriculture, the Halal food, energy security, and food security.

In the spirit of partnership and innovation, the Vietnamese PM stressed that Vietnam stands ready to work with other countries to promote specific cooperation in areas such as 5G digital infrastructure development, artificial intelligence (AI), undersea cables; green hydrogen production, solar energy, smart energy storage; building high-quality Halal supply chains; and facilitate labor mobility to meet market demands and enhance economic adaptability of the two regions.

-Vân Nguyễn

The projected IP will prioritize the attraction of high-tech industries such as electronics, precision mechanical assembly, and ultra-precision mechanical manufacturing.

The People's Committee of the north central province of Thanh Hoa has approved a planning project for construction of the Ha Long Industrial Park, located in Ha Trung District and Bim Son Town.

The total study area covers approximately 612.68 ha, including 544 ha for industrial park planning and 68.13 ha of land outside the industrial park.

Under the development orientation, the projected industrial park will follow a multi-industry model, prioritizing the attraction of high-tech industries such as electronics, precision mechanical assembly, and ultra-precision mechanical manufacturing.

This is one of the key projects aimed at realizing the goal of high-tech industrial development, creating breakthroughs in the economic structure of the province's northern region.

Upon completion, the industrial park is expected to create jobs for 21,300 workers, contributing to the socio-economic development of Ha Trung District and Bim Sơn Town, while enhancing the province's competitiveness in attracting investment and promoting sustainable industrial development.

-Hoàng Bách

Addressing the interface between ASEAN leaders and representatives of the ASEAN Business Advisory Council (ASEAN-BAC) in Kuala Lumpur on May 26, Prime Minister Pham Minh Chinh describes businesses as "heart" of ASEAN growth.

Prime Minister Pham Minh Chinh and leaders of other ASEAN member states attended ASEAN leaders' interface with representatives of the ASEAN Business Advisory Council (ASEAN-BAC) in Kuala Lumpur on May 26, on the occasion of the 46th ASEAN Summit and related summits, hosted by Malaysia, the 2025 ASEAN Chair.

Delivering his remarks at the event, the Vietnamese Prime Minister described businesses as the "heart" of ASEAN growth.

He was quoted by the Government News as stating that over the past decade of ASEAN Community building, the business community has played a pioneering role in promoting innovation, growth and economic connectivity in the region.

He called on ASEAN-BAC to continue contributions to promoting business environment, strengthening supply chain connectivity, digital transformation and green transition in order to contribute to the realization of the ASEAN Community Vision 2045.

The Vietnamese leader also called on ASEAN to renew traditional growth drivers while promoting new growth drivers, enhance global and regional supply chain connectivity in a bid to ensure ASEAN's strategic economic autonomy.

The Government of Vietnam commits to creating open institutions, smooth infrastructure and smart governance, work together with governments and businesses of other ASEAN countries to turn ASEAN into a dynamic, self-reliant, inclusive and sustainable economic entity that is resilient to external fluctuations, PM Chinh said.

During the interface, ASEAN-BAC representatives put forward priorities, including enhancing intra-bloc trade and investment, promoting economic connectivity, building a future of inclusivity and sustainability and digitally-empowered ASEAN.

-Vân Nguyễn

The airport upgrade needs approximately VND3.246 trillion ($128 million), including $66.8 million from the provincial budget.

The People’s Council of south-central Binh Dinh province has approved a proposal to earmark VND1.746 trillion ($66.8 million) from the provincial budget to upgrade Phu Cat airport.

This is part of the total investment capital for the project which was estimated at nearly VND3.3 trillion ( over $128 million). The remaining capital will be sourced from the national budget.

Phu Cat Airport, built during the war, in the 1960s and early 1970s, has resumed operation since 1985. Due to its age and limited runway capacity, the airport can only accommodate small aircraft.

The upgrade project includes construction of a second runway primarily for civilian aviation, and additional aircraft apron, and expansion of passenger terminal.

The project’s feasibility study has been submitted to the Ministry of Construction for appraisal.

Construction is expected to start in August this year.

According to a plan approved by the Ministry of Construction, the Phu Cat airport is expected to be able to handle 5 million passengers by 2030 and 7 million passengers by 2050.

 

-Xuân Nghi