Vietnam PM issues instructions to extinguish fire safety issues
Prime Minister Pham Minh Chinh has ordered relevant authorities to make fire safety regulations more convenient for businesses while still minimizing risks.
In a dispatch issued on Wednesday, Chinh asked the ministries of public security and construction to review relevant regulations and make necessary amendments to meet this goal.
“Before April 30, relevant units must classify works and facilities facing post-inspection problems to promptly guide people and businesses to fix any infringements or shortcomings on fire safety,” read the document.
The two ministries have been instructed to create favorable conditions for construction work as well as production and business activities.
Provincial and city administrations are required to resolve inadequacies in state management as well as definitively handle fire-fighting violations in construction to remove difficulties for people and businesses.
Thang Long Industrial Park in Dong Anh district, Hanoi. Photo courtesy of the IP.
Due to some property damage and loss of lives caused by recent fires nationwide, the government has instructed relevant ministries and agencies to strengthen fire safety, leading to stricter requirements for factory construction and firefighting permits.
Current regulations are sometimes seen as a major problem. A series of businesses and business households said that rigid fire safety rules have become obstacles.
Enterprises have made complaints about the stricter regulations, Hong Sun, chairman of the Korean Chamber of Commerce (Kocham) in Vietnam, told the Vietnam Business Forum (VBF) in March.
In particular, difficulties related to obtaining firefighting permits in Vietnam take prominence, he said, adding that in the past, it was not difficult to obtain permission even if a simple gypsum board or fire-resistant paint was used for factory fire walls, but recently, new regulations require that fire-resistant gypsum boards be used.
To build a factory in Vietnam, fire-resistant materials are required but they are not available in the country, Sun said.
- Related News
- Read More
Dragon Capital Vietnam veteran Tran Thanh Tan steps down as vice chairman
Dragon Capital Vietfund Management (DCVFM), a subsidiary of Vietnam-focused asset manager Dragon Capital Group, has approved the resignation of Tran Thanh Tan from his position as vice chairman, marking a major leadership transition at one of Vietnam’s oldest foreign fund management firms.
Finance - Thu, May 21, 2026 | 5:09 pm GMT+7
M&A set to drive Vietnam’s hospitality market in 2026
Analysts expect mergers and acquisitions (M&A) to accelerate sharply in Vietnam’s hotel and resort sector in 2026, particularly in the four-star and five-star segments in Hanoi and Ho Chi Minh City, as tourism recovery strengthens and investors hunt for premium assets.
Real Estate - Thu, May 21, 2026 | 4:01 pm GMT+7
Vietnam’s convenience store boom shifts beyond major cities as chains race for scale
Vietnam’s convenience store and mini-supermarket sector is expected to post another year of rapid expansion in 2026, driven by aggressive store openings from leading retail chains and a strategic push into smaller cities and rural areas, according to market research firm Q&Me.
Companies - Thu, May 21, 2026 | 3:26 pm GMT+7
Phat Dat seeks shareholder approval for Thu Thiem Eco Smart City investment
Phat Dat Real Estate Development Corporation (HoSE: PDR) is seeking to become a strategic investor in the Thu Thiem Eco Smart City project developed by South Korean-backed Lotte Properties HCMC in Ho Chi Minh City.
Real Estate - Thu, May 21, 2026 | 1:38 pm GMT+7
The end of the ‘cash cow’ era: Central Vietnam condotels give way to luxury apartments
After a boom period fueled by attractive profit commitments, the condotel segment in Vietnam’s central city of Danang has entered a prolonged downturn, while the high-end apartment segment is rapidly gaining momentum as the new focal point of the coastal urban real estate market.
Real Estate - Thu, May 21, 2026 | 11:35 am GMT+7
Marubeni becomes shareholder of Amata subsidiary in northern Vietnam
Marubeni Corporation has completed procedures to acquire a 20% stake in Amata Ha Long, a subsidiary of Thailand’s Amata Corporation, the companies said during a meeting with Quang Ninh authorities on Tuesday.
Companies - Thu, May 21, 2026 | 10:07 am GMT+7
Systemic liquidity pressure: Interest rates in Vietnam unlikely to fall further
Rising liquidity pressures are making it increasingly difficult for Vietnam’s deposit interest rates to decline further in 2026, with many commercial banks maintaining rates for 6-12 month deposits at around 6.5-7.8% per year.
Banking - Thu, May 21, 2026 | 8:00 am GMT+7
Danang airport starts $57 mln terminal expansion
Vietnam's central city of Danang has started construction on a nearly VND1.5 trillion ($56.88 million) expansion project for the international passenger terminal (T2) at Danang International Airport, as the city seeks to ease congestion and strengthen its position as a regional tourism hub.
Infrastructure - Wed, May 20, 2026 | 9:23 pm GMT+7
Petrovietnam names Le Manh Cuong as CEO
State-owned giant Petrovietnam has appointed Le Manh Cuong as CEO, elevating a longtime industry executive with more than three decades of experience across Vietnam’s offshore energy and oil-services sector.
Companies - Wed, May 20, 2026 | 4:49 pm GMT+7
Nvidia expands Vietnam hiring as Foxconn emerges as potential high-end GPU manufacturing partner
Nvidia is ramping up recruitment in Vietnam for manufacturing and operations roles tied to high-end graphics processing units, in a sign the U.S. chipmaker may be preparing to assemble advanced AI server hardware in the country as part of a broader supply chain shift.
Companies - Wed, May 20, 2026 | 3:40 pm GMT+7
Vietnam defense ministry to take over My Dinh national sports complex
The management of My Dinh National Sports Complex in Hanoi will be transferred to the Ministry of National Defense, as authorities move to address long-standing operational and financial problems at the country’s largest sports venue.
Real Estate - Wed, May 20, 2026 | 3:27 pm GMT+7
Bluemarq Group: Why profits are rising but shareholders’ earnings keep shrinking
Bluemarq Group, formerly known as Dat Xanh Group, posted a strong rebound in first-quarter earnings as its real estate brokerage business accelerated sharply.
Companies - Wed, May 20, 2026 | 3:12 pm GMT+7
USD/VND exchange rate remains elevated
The USD/VND exchange rate remains under pressure as the State Bank of Vietnam on Wednesday raised the daily reference exchange rate to VND25,135 per U.S. dollar.
Banking - Wed, May 20, 2026 | 1:07 pm GMT+7
The return of once-high-profile Vietnamese tycoons draws market attention
A wave of comebacks by several once high-profile Vietnamese businessmen is drawing renewed attention from stock market investors, reviving memories of a turbulent period in the country’s corporate sector while raising fresh expectations about the role of business leaders in the post-crisis era.
Companies - Wed, May 20, 2026 | 10:28 am GMT+7
Standard Chartered sets out sustainable growth plan, targeting 18% return on tangible equity in 2030
Standard Chartered says it plans to invest ahead of long-term trends to maintain strong growth, boost productivity, further improve the quality of earnings, and maximize its competitive advantages.
Banking - Wed, May 20, 2026 | 9:43 am GMT+7
What makes Viet Ha Brewery attractive to investors?
Despite posting relatively modest business results, Viet Ha Investment and Trading JSC has attracted strong investor interest thanks to its large cash holdings, extensive land bank and a portfolio of real estate projects in Hanoi.
Companies - Tue, May 19, 2026 | 9:13 pm GMT+7
