Danang firms suspend production to tackle flood damage
Many businesses in Danang city have had to suspend production to deal with the damage caused by unprecedented flooding that followed prolonged torrential downpours starting Friday night.

Areas surrounding the Hanoi Steel Center Co. Ltd. in Danang are covered with mud on October 15, 2022 after a flash flood. Photo by The Investor/Nguyen Tri.
At the Hoa Khanh Industrial Park in Lien Chieu district Saturday morning, many roads were covered with mud, especially Road No. 4, Road No. 9 and a section of Road No. 2.
Many companies in the industrial park had to hire excavators to shovel mud. In addition, a lot of production materials get wet and could not be used.
Ha Ngoc Thong, director of the Tan Long Packaging Company Ltd., said that although the company had prepared for flooding, the water level rose much higher than expected and drenched paper materials in the workshop.
"Today, we had to pause production to clean up. Material damage has not been calculated, but we are concerned that the wet materials and prolonged rain may affect the progress of orders from customers," Thong said.
Nguyen Xuan Son, director of the Huong Que Import/Export Company Ltd., said the rapid rise in water levels damaged thousands of finished products as well as production materials.
"Currently, we can't produce and we can't clean up because there's no electricity and water. Workers have also asked for time off to clean their houses," he told The Investor.
Meanwhile, at the Hoa Cam Industrial Park in Cam Le district, director Huynh Trinh of the Danang Forestry Product Export JSC, said that while heavy rain flooded the workshop, materials and machinery were not affected, fortunately.
"Today we can't produce. Have to focus on cleaning. Many workers have taken leave because their houses are flooded, too."
Tunnel congestion
At about 6 a.m. Saturday, the Hai Van Tunnel area saw Tunnel No. 2 cleared. Traffic officers regulated traffic through the Tunnel No.2 in batches, directing vehicles to alternate entrances and exits to minimize Tunnel No.1 congestion.

The Nam Hai Van Tunnel gate is littered with rocks. Photo by The Investor/Nguyen Tri.
Previously, at 8:30 p.m. Friday, heavy rains that lasted for a long time caused the water level to rise to about half a meter at the roundabout area of the Ta Quang Buu intersection and the linking road south of the Hai Van Tunnel, making it traffic circulation impossible.
Then a flash flood from Hai Van mountain in front of the square and the linking road to Bridges 1 and 2 in the south flooded the square in front of the southern tunnel’s entrance in Lien Chieu district.
Immediately after the flash flood, the Hai Van Tunnel Management and Operation JSC (Hamadeco) closed the tunnel and sent rescue forces to guard the northern tunnel door. They also sent machinery and equipment to remove soil and rocks deposited by the flash flood.
- Read More
First wave of ETF buying could exceed $680 mln if Vietnam secures FTSE market upgrade: broker
Vietnam’s stock market has a strong chance of being upgraded by FTSE Russell in its October 2025 review, a move that could unlock billions of dollars in foreign inflows, said an analyst at broker ASEAN Securities.
Economy - Wed, September 17, 2025 | 4:16 pm GMT+7
Vietnam Education Publishing House faces challenges in curbing fake textbooks
The Vietnam Education Publishing House (VEPH) is encountering a range of difficulties in fighting counterfeit textbooks as the situation is becoming increasingly sophisticated and complex.
Companies - Wed, September 17, 2025 | 3:54 pm GMT+7
Vietnam Airlines the largest holding in gov’t investment arm SCIC’s portfolio
National flag carrier Vietnam Airlines has overtaken Vinamilk and Sabeco to become the largest holding in State Capital Investment Corporation's (SCIC) stock portfolio following the latest capital funding.
Finance - Wed, September 17, 2025 | 3:20 pm GMT+7
Hoa Phat Agriculture submits documents for IPO
Hoa Phat Agriculture Development JSC, a subsidiary of Hoa Phat Group, on Tuesday submitted documents for an IPO of its shares as early as December 2025.
Companies - Wed, September 17, 2025 | 3:03 pm GMT+7
Petrovietnam affirms plan to build eco-energy and industrial center in southern Vietnam
Petrovietnam plans to develop an eco-energy and industrial center project in Can Tho city, the "heart" of the Mekong Delta, its representatives stated on Monday.
Energy - Wed, September 17, 2025 | 11:49 am GMT+7
Thailand - one of Southeast Asia’s fastest-growing markets for AI
Thailand has emerged as one of Southeast Asia’s fastest-growing markets for artificial intelligence (AI), with OpenAI reporting that weekly active users of ChatGPT in the country have quadrupled over the past year.
Southeast Asia - Wed, September 17, 2025 | 10:40 am GMT+7
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam
Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.
Finance - Wed, September 17, 2025 | 8:00 am GMT+7
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
Lotte Shopping plans to open more shopping malls in Vietnam
South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.
Companies - Tue, September 16, 2025 | 9:25 pm GMT+7
Vietnam ratifies WTO Agreement on Fisheries Subsidies
Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.
Companies - Tue, September 16, 2025 | 9:21 pm GMT+7
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7