Delivery major Viettel Post plans $21 mln logistics center in central Vietnam
Viettel Post, the courier arm of military-run telecom giant Viettel, has completed a site survey for a planned 21-hectare logistics center in the central province of Ha Tinh, with an estimated investment of nearly VND550 billion ($20.87 million).
Illustration courtesy of Viettel Post.
The project is positioned to take advantage of direct access to the North-South railway and the key transport corridor to Laos, the company said during a working session with authorities in Duc Tho commune last Thursday.
The proposed site, located in Dai Loi hamlet, spans more than 26 hectares, mostly agricultural and buffer land - conditions that are expected to ease land clearance.
Its proximity to National Highway 8A - a major route to Laos, and its immediate connection to the North-South railway near Yen Trung station give it strategic logistical relevance.
The location also benefits from strong regional connectivity, only 10 km from the North-South Expressway and 30 km from Vinh Airport in neighboring Nghe An province. Freight volumes through the area remain consistently high, supporting demand for warehousing and transshipment services.
Under the preliminary investment plan, most of the VND550 billion ($20.87 million) budget will go toward core infrastructure, with the remainder allocated to technology systems, equipment, and operational needs.
Viettel Post plans a 60% construction density on the project area, with buildings ranging from one to five stories. A substantial portion of land will be reserved for yards and loading zones to support large-scale cargo consolidation, alongside modern finished-goods warehouses.
A Viettel Post delegation surveys the proposed site for a logistics center in Ha Tinh province, central Vietnam. Photo courtesy of Ha Tinh newspaper.
The Ha Tinh expansion follows the company’s groundbreaking of a VND700 billion ($26.56 million) logistics center in Danang just one month earlier.
The back-to-back projects highlight Viettel Post’s strategy to capture surging e-commerce growth and rising cross-border freight demand, the company said, adding the Ha Tinh facility is also being planned as a green logistics hub, incorporating automation technologies and aligning with the province’s development master plan through 2030.
Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.
Ha Tinh authorities recently granted in-principle approval for the over VND8.8 trillion ($333.8 million) project and okayed Vinhomes Ha Tinh Industrial Park Investment JSC - a member of Vingroup - as investor. Construction is scheduled to begin in 2026, with completion and commissioning planned for Q2/2028.
Vingroup has invested in many large projects in Ha Tinh. In late August 2023, the group's VinES electric vehicle (EV) battery factory in the Vung Ang Economic Zone began operations.
- Read More
EVNGENCO3 eyes $270 mln flexible LNG power plant in northern Vietnam
A consortium comprising state-owned power producer EVNGENCO3 and private energy company Thuan Hai has emerged as the sole bidder for a flexible power plant project in Ninh Binh province.
Energy - Mon, June 8, 2026 | 9:21 pm GMT+7
Power utility POW to benefit from LNG expansion as Nhon Trach plants target profitability by 2028
PV Power (HoSE: POW), a subsidiary of state-owned Petrovietnam, is expected to turn its flagship Nhon Trach 3 and 4 LNG-fired power plants profitable by 2028, as lower-than-expected construction costs and improving operating efficiency strengthen the economics of Vietnam’s first LNG-to-power plants.
Energy - Mon, June 8, 2026 | 4:29 pm GMT+7
Petrovietnam, Vitol deepen energy cooperation
State-owned Petrovietnam and Singapore-headquartered Vitol Asia Pte. Ltd. in late May signed their first crude oil supply deal for the Nghi Son Refinery and Petrochemical complex, marking a concrete step in implementing a broader energy partnership.
Companies - Mon, June 8, 2026 | 2:50 pm GMT+7
Vietnam’s private placement bonds continue flowing strongly into real estate
Of the over VND124.5 trillion ($4.73 billion) worth of private placement corporate bonds issued in Vietnam in the year to date, the real estate sector accounted for 54.1% or VND67.4 trillion ($2.56 billion), mainly flowing to major conglomerates such as Vingroup, Masterise, and Sun Group.
Real Estate - Mon, June 8, 2026 | 12:19 pm GMT+7
Masan's robust credit profile earns senior unsecured status from 15 international banks
Masan Group Corporation (HoSE: MSN) has successfully raised a $750 million underwritten, senior unsecured syndicated loan facility - the largest and most competitively priced international corporate borrowings of its tenor for a Vietnamese private company, representing a major milestone for Masan and Vietnam’s broader capital market.
Companies - Mon, June 8, 2026 | 11:39 am GMT+7
From $1.47 bln accumulated loss to $1.97 bln net profit in 2025: What drove Vietnam Electricity's turnaround?
Strong double-digit revenue growth and tighter cost control helped Vietnam Electricity (EVN) significantly improve its profit margins in 2025, enabling the state utility to post its highest profit after tax in years and erase accumulated losses from previous years.
Companies - Mon, June 8, 2026 | 8:37 am GMT+7
Vietnam has potential to become an AI leader: former Google CEO
Vietnam has the potential to emerge as a global leader in artificial intelligence thanks to its strong talent pool and growing commitment to technology development, Google's former executive chairman and former CEO Eric Schmidt said during a visit to the country.
Economy - Sun, June 7, 2026 | 2:51 pm GMT+7
Late-season cold front to bring heavy rain to northern Vietnam
A late-season cold front is expected to sweep across northern Vietnam from Sunday evening, bringing a sharp drop in temperatures and widespread heavy rainfall after days of intense heat, weather authorities said.
Society - Sun, June 7, 2026 | 12:15 pm GMT+7
Hanoi approves investor consortium for Red River Scenic Boulevard project
Hanoi authorities have approved a consortium comprising property developer Dai Quang Minh Real Estate Investment Corporation, Thaco Group and Hoa Phat Group to develop the gigantic Red River Scenic Boulevard project.
Real Estate - Sun, June 7, 2026 | 11:30 am GMT+7
ACB shares hit 7-month high ahead of dividend record date
Shares of Ho Chi Minh City-headquartered Asia Commercial Joint Stock Bank (ACB) rose to their highest level in seven months as the lender prepares to finalize its shareholder list for a 2025 dividend payout and as the Au Lac shareholder group increases its stake in the bank.
Banking - Sun, June 7, 2026 | 10:12 am GMT+7
Singapore-backed giant to break ground on $216 mln wind farm project in central Vietnam
Singapore-based renewable energy developer Nexif Ratch Energy SE Asia Pte. Ltd has committed to begin construction of the VND5.7 trillion ($216.5 million) wind power project in Gia Lai this November as the central province pushes ahead with renewable energy development under its adjusted Power Development Plan VIII.
Energy - Sun, June 7, 2026 | 8:00 am GMT+7
UAE retail giant explores investment opportunities in central Vietnam
LuLu Group International of the United Arab Emirates (UAE), a retail conglomerate operating more than 280 supermarkets across 22 countries, is exploring opportunities to expand business cooperation in Dak Lak province, central Vietnam.
Industries - Sat, June 6, 2026 | 4:23 pm GMT+7
S Korea’s LG Innotek expands semiconductor substrate plant in northern Vietnam
LG Innotek, the electronic components arm of LG, will expand its semiconductor substrate manufacturing facility in the northern port city of Hai Phong, reinforcing Vietnam’s role in the company’s strategic “dual-hub” manufacturing model for its package solutions business.
Industries - Sat, June 6, 2026 | 9:48 am GMT+7
PV Gas expands strategic partnerships with leading Southeast Asian energy firms
PV Gas, a subsidiary of state-owned Petrovietnam, has signed cooperation agreements with leading regional energy companies, including Thailand's PTT Public Company Limited and the Philippines's Petron Corporation, as the firm seeks to strengthen its position in Southeast Asia's LNG and LPG markets.
Companies - Sat, June 6, 2026 | 9:04 am GMT+7
Savico chairman says major shareholders have no divestment plans
SavicoThe chairman of Vietnam's largest automotive distributor Savico said the company has withdrawn a planned share issuance to existing shareholders after its major shareholders indicated they had no intention of reducing their stakes.
Companies - Fri, June 5, 2026 | 8:13 pm GMT+7
Priced for crisis, primed for growth: Vietnam’s bifurcated stock market
The VN-Index is trading at a 13x forward P/E valuation versus 15% expected earnings growth in 2026, but over 70% of the market is trading at below a 10x P/E, a valuation which is consistent with past crisis conditions, writes Michael Kokalari, chief economist at VinaCapital.
Consulting - Fri, June 5, 2026 | 4:56 pm GMT+7




















