Business

Japan seeks investment approval to upgrade HCM City canal

The Japan International Cooperation Agency (JICA) has asked municipal authorities in Ho Chi Minh City for permission to take part in the Xuyen Tam Canal upgrade project, worth over 5.1 trillion VND (around 234.1 million USD), in Binh Thanh and Go Vap districts, Hanoi Moi Newspaper reported on July 17.
The Japan International Cooperation Agency (JICA) has asked municipalauthorities in Ho Chi Minh City for permission to take part in the XuyenTam Canal upgrade project, worth over 5.1 trillion VND (around 234.1million USD), in Binh Thanh and Go Vap districts, Hanoi Moi Newspaperreported on July 17.

The project involvesdredging the 6.21km main section of the Xuyen Tam Canal, which runs fromNhieu Loc-Thi Nghe Canal to Vam Thuat River, as well as dredging threeother subsections, developing transport infrastructure and upgradingurban residential areas along the canal in Binh Thanh and Go Vapdistricts.

JICA proposed to invest 3.5 trillionVND (approximately 160.5 million USD) in the project, or roughly 70percent of total investments, in the form of a Public-PrivatePartnership (PPP) agreement.

Vice Chairman ofthe municipal People’s Committee Nguyen Huu Tin has asked the city’sdepartments of Investment and Planning, and Finance, as well as a otherrelevant bodies, to assess the proposal and report to the People’sCommittee on its feasibility.-VNA
Follow VietnamPlus

See more

A worker pumps E10 petrol into a vehicle at Tran Phu filling station in Nghia Lo ward, Quang Ngai province. (Photo: VNA)

E10 biofuel deemed compatible with over 90% of vehicles

Technically, E100 ethanol contains around 34.7% oxygen and has a high octane rating of about 108 RON, enabling more efficient combustion. Studies also show that E10 can reduce carbon monoxide (CO) emissions by 20–30% and hydrocarbon (HC) emissions by 10–20% compared to conventional petrol.

A view of Work the Nordic Way 2026 conference (Photo: VNA)

Conference offers insights into Nordic workplace culture

Speakers addressed a range of key issues, including managing organisations amid rapid economic shifts, effectively integrating artificial intelligence into the workplace, building high-performing teams and developing talent strategies in globally competitive industries.

Vietnam looks to stronger ties with Africa for sustainable development

Vietnam looks to stronger ties with Africa for sustainable development

Experts proposed a raft of coordinated solutions to create breakthroughs in bilateral and multilateral ties with African countries. Chief among them is the fact that Vietnam should step forward as a bridge, spearhead the expansion of knowledge-sharing forums, and roll out specialised skills training courses for African partners.

European dairy products from Ireland. (Photo: cafe.vn)

Ireland steps up dairy trade promotion in Vietnam

Data from IMARC Group showed that the Vietnamese dairy market was valued at 5.71 billion USD in 2024 and is projected to reach 13.37 billion USD by 2033, with a compound annual growth rate (CAGR) of 9.5% during the 2025–2033 period.

Organisers and speakers at the “Vietnam–India Cross-border E-commerce” forum pose for a group photo. (Photo: VNA)

Cross-border e-commerce drives Vietnam–India economic ties

Hang noted that cross-border e-commerce is creating fresh opportunities for bilateral cooperation. Indian products such as natural cosmetics, essential oil, herbal products, fashion items and household goods are seen as highly promising in the Vietnamese market. At the same time, Vietnamese businesses, especially small and medium-sized enterprises, are increasingly able to use digital platforms to access India’s market of more than 1.4 billion consumers.

Delegates cut the ribbon to open the exhibition series on May 21, 2026 (Photo: VNA)

Industrial, transport infrastructure exhibitions open in Ho Chi Minh City

The events consist of the 22nd International Exhibition on Automobile, Motorcycle, Electric Vehicle and Supporting Industries (Autotech & Accessories 2026) and the International Exhibition on Construction Machinery, Rail Transit, Specialised Vehicles, Technology and Transportation Infrastructure (Cons & Trans 2026).

Workers of the Duy Khanh precision mechanical factory in Tang Nhon Phu ward, Ho Chi Minh City, manufacture support mechanical components. (Photo: sggp.org.vn)

Banks shift to cash-flow lending to unlock capital for SMEs

Prof. Nguyen Trong Hoai from the University of Economics Ho Chi Minh City (UEH) suggested that Vietnam should study open finance models built on digital data adopted in several countries to improve credit access for SMEs lacking collateral.

The Vietnam – Bangladesh business forum in Dhaka on May 19 (Photo: VNA)

Vietnam, Bangladesh eye to foster economic ties

Addressing the forum, Vietnamese Ambassador to Bangladesh Nguyen Manh Cuong highlighted the fruitful development of the bilateral ties over the past 53 years, noting that trade turnover has consistently exceeded 1.1 billion USD despite global disruptions. The two sides are now striving to raise the figure to 2 billion USD in the coming years.

The opening ceremony of the 10th International Livestock, Dairy, Meat Processing and Aquaculture Exposition on May 20 (Photo: VNA)

ILDEX Vietnam 2026 showcases livestock, agri-food innovation

The three-day event is jointly organised by VNU Asia Pacific and Thailand’s ITEC, serving as a platform for business networking, technology exchange and knowledge sharing in the livestock, aquaculture and food industries in Vietnam and Southeast Asia.

Permanent Deputy Prime Minister Pham Gia Tuc and officials inspect the Gia Binh International Airport project on May 20, 2026. (Photo: VNA)

Gia Binh international airport project accelerated ahead of APEC 2027

Tuc described Gia Binh International Airport as a national key project requiring strict adherence to construction timelines, particularly as it is expected to be put into operation in time for the 2027 APEC Economic Leaders' Meeting. Several associated projects are also being implemented under special mechanisms to serve major national tasks.

Vietnamese Ambassador to the Republic of Korea Vu Ho speaks at the forum.(Photo: VNA)

Forum promotes Vietnam–RoK supply chain connectivity

Cao Thi Phi Van, Deputy Director of ITPC, said that after more than three decades of cooperation, Vietnam–RoK ties are shifting from traditional manufacturing cooperation towards mastering future-oriented technologies such as semiconductors, artificial intelligence (AI), digital finance, renewable energy and global supply chains.

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals (Illustrative image. Source: VNA)

Fitch Ratings gives positive assessment of Vietnam’s economic fundamentals

Deputy Minister Tran Quoc Phuong stressed that Fitch’s credit assessments have enhanced Vietnam’s image and credibility in international financial markets, and provided additional motivation for the country to continue improving institutions, strengthening policy management efficiency and increasing economic transparency.