Indonesia saves $1.2 bln in state budget by reducing travel expenditures
Indonesian President Prabowo Subianto has made state budget savings of IDR20 trillion ($1.2 billion) by cutting travel expenses for ministers and officials.

Indonesian President Prabowo. Photo courtesy of VNA.
Prabowo said that the budget cuts for government departments could be allocated for the construction of several public infrastructure projects, such as dams, irrigations, development and repair of tens of thousands of schools, and even free nutritious meal programme (MBG).
He also instructed the ministers and heads of agencies present at the plenary cabinet meeting to save the budget for anniversary activities.
Earlier in December 2024, Prabowo ordered the Ministry of Finance to cut the budget for overseas travel of ministers and officials who are members of the Red and White Cabinet.
- Read More
Mining giant Vinacomin proposes coal processing, warehouse project in central Vietnam
State-owned Vinacomin, also called TKV, has proposed adjusting the Southeast Quang Tri Economic Zone planning to accommodate its VND800 billion ($30.32 million) coal processing and warehouse project.
Industries - Fri, September 19, 2025 | 8:31 am GMT+7
Vietnam, Russia eye setting up joint venture for maritime transport route
Vietnam and Russia are studying establishing a joint venture operator of a maritime transport route, underscoring their shared commitment to deepening cooperation in shipbuilding, logistics, and maritime infrastructure.
Companies - Thu, September 18, 2025 | 9:31 pm GMT+7
Coteccons consortium wins Long Thanh Airport contract worth $128 mln
HANTA2, a consortium of Coteccons Construction JSC, Hanoi Construction Corporation – JSC and ATAD Steel Structure Corporation, has won the bid for a construction package worth VND3.38 trillion ($128 million) at Long Thanh International Airport.
Companies - Thu, September 18, 2025 | 9:22 pm GMT+7
Vietnam PM orders full disbursement of public investment in 2025
Prime Minister Pham Minh Chinh has requested ministries, central agencies, and localities to ensure 100% disbursement of public investment capital in 2025.
Companies - Thu, September 18, 2025 | 9:18 pm GMT+7
EU, Indonesia to sign trade deal next week
The European Union and Indonesia have finalized a trade agreement that is expected to be signed on September 23.
Southeast Asia - Thu, September 18, 2025 | 9:06 pm GMT+7
The first project at VSIP Can Tho industrial park licensed
Can Tho city's export processing and industrial zones authorities have granted an investment registration certificate for the $100 million Bestway Can Tho sports technology plant project in Vinh Trinh commune.
Industries - Thu, September 18, 2025 | 9:04 pm GMT+7
Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP
Lego Manufacturing Vietnam has signed a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park (VSIP) as part of the company's ambition to operate its new factory, which opened in April 2025, on 100% renewable energy.
Industries - Thu, September 18, 2025 | 4:07 pm GMT+7
Con Vanh golf course in northern Vietnam to debut in 2028
Huy Hoang Urban Development and Investment JSC aims to put its VND2,156 billion ($81.75 million) Con Vanh golf course project in Hung Yen province into operation in early 2028.
Real Estate - Thu, September 18, 2025 | 3:21 pm GMT+7
No new grade B office supply in HCMC’s CBD until 2028: Knight Frank
No new Grade B office supply is entering Ho Chi Minh City's central business district (CBD), marking a significant shift in the market as developers are forced to build affordable office space further afield, said Knight Frank Vietnam.
Real Estate - Thu, September 18, 2025 | 1:42 pm GMT+7
What are expectations for Vietnam's stock market from Fed rate cut?
The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.
Economy - Thu, September 18, 2025 | 12:33 pm GMT+7
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7