Work begins on Phan Thiet airport

A ground-breaking ceremony was held on January 18 for Phan Thiet airport in Binh Thuan province.
A ground-breaking ceremony was held on January 18 for Phan Thiet airportin Thien Nghiep commune, Phan Thiet city, the southern central provinceof Binh Thuan.

Phan Thiet airport, the first of its kind builtunder the Build-Operate-Transfer (BOT) form, is constructed in twophases with an initial cost of about 5.6 trillion VND (263.2 millionUSD). It covers a total area of 543 hectares with a 2,400m runway and a5,000sq.m terminal.

Once the first phase of constructionis completed, scheduled for 2020, the airport will accommodate 300passengers each hour, or 5,000 per year, and handle 10,000 tonnes ofgoods annually.

At the end of the second phase of construction in2030, the airport will be capable of serving 1 million passengers and50,000 tonnes of goods every year.

Addressing at the event,Deputy Prime Minister Hoang Trung Hai stressed the importance of theairport to economic development and security-defence.

Le Tien Phuong, Chairman of the Binh Thuan provincial People’sCommittee, highlighted the airport’s role in boosting the province’ssocio-economic development and security-defence, saying that the projectis expected to attract more investors and tourists to the locality.

Oncecompleted, the airport will offer flights between Phan Thiet and TanSon Nhat Airport in Ho Chi Minh City, Cam Ranh in Khanh Hoa province,Buon Ma Thuot in Dak Lak, Phu Quoc in Kien Giang, and Da Nang city.-VNA

See more

UK Ambassador to Vietnam Iain Frew addresses the event (Photo: nhandan.vn)

Vietnam, UK step up cooperation in derivatives commodity market development

The British Embassy in Vietnam and the British Consulate-General in Vietnam, in coordination with Boston Consulting Group (BCG), held a capacity-building session under the UK–Vietnam Growth Gateway initiative in Hanoi on March 5 to discuss strategies for developing a transparent and globally connected commodity and derivatives market.

The Quang Tri coastal road project, spanning nearly 55km, is among key projects with regional connectivity that play an important role in promoting socio-economic development in the central province of Quang Tri. The project is expected to be completed by the end of 2026.(Photo: VNA)

Public investment disbursement slow despite record capital scale

As of February 28, total disbursed capital reached 55.74 trillion VND, equivalent to 5.6% of the plan assigned by the Prime Minister. Of the figure, disbursement of the central budget was estimated at 10.18 trillion VND, or 2.9% of the plan, while that of local budgets totalled 45.56 trillion VND, reaching 7% of the target.

Delegates taste UK food (Photo: VNA)

Taste of UK week promotes British foods in Vietnam

The “Taste of the UK” food week, held for the first time in Ho Chi Minh City from February 26 to March 11, is an opportunity to promote British food products and strengthen their presence in Vietnam, while giving local consumers a chance to experience the diversity of UK cuisine.

A customer purchases E5RON92 bioethanol fuel at a PVOIL gas station on Thai Thinh street, Hanoi (Photo: VNA)

Retail fuel prices rise sharply in March 5 adjustment

According to the Ministry of Industry and Trade, the global fuel market during the latest price adjustment period from February 26 to March 4, 2026 was influenced by several major factors, including the escalating military conflict between the US – Israel coalition and Iran.

Workers at a textile factory in Hanoi (Photo: VNA)

Supporting industries seek fresh growth momentum

Against a backdrop of global uncertainty and supply chain restructuring, the Government has introduced a range of measures aimed at injecting new momentum into domestic manufacturing. New provisions covering workforce training, testing and certification, trade promotion and technology upgrades have been implemented.

Workers package fruits at the factory of Vina T&T Group (Photo: nhandan.vn)

Vietnamese exporters adapt to escalating Middle East conflict

The Ministry of Industry and Trade’s Export-Import Department forecasts upward pressure on global prices for consumer goods, fuel, and crude oil in the coming time. Such hikes could exert indirect but broad negative effects on Vietnam’s overall production and trade, with particular exposure in exports destined for the Middle East.

The MoIT will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. - Illustrative image (Photo: VNA)

Vietnam triggers fuel contingency plan over Middle East crisis

The Ministry of Industry and Trade will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. It will also intensify oversight of key traders’ compliance with their 2026 minimum reserve obligations.

Workers process tra fish for export. (Photo: VNA)

Agro-forestry-fishery exports up over 17% in first two months

Of the total export value in the January–February period, agricultural products accounted for 6.09 billion USD, up 17.1% year-on-year. Seafood exports reached 1.76 billion USD, marking a sharp increase of 23.3%, while forestry products brought in 2.82 billion USD, up 7.4%.