Vietnam to establish 2 more centrally-run cities
Khanh Hoa province on the central coast and Quang Ninh in the north are set to become Vietnam’s sixth and seventh centrally-run cities by 2030.
The country’s five current centrally-run cities are Hanoi and Hai Phong in the north, Danang in the central region, and Ho Chi Minh City and Can Tho in the south.

The beach town of Nha Trang today. Photo courtesy of Khanh Hoa newspaper.
On the central coast, Khanh Hoa province is home to Nha Trang Bay, one of the world’s most beautiful bays. It is about 450 kilometers north of Ho Chi Minh City, Vietnam’s southern economic hub, and is well-known for its long beach and islands and islets.
As planned, Khanh Hoa as a centrally-run city would bring play the full potential of its location to become a smart, sustainable city seen as a center for international sea tourism and services.
In its master development plan until 2030 with a vision to 2050 approved on Wednesday by Prime Minister Pham Minh Chinh, Khanh Hoa would have two provincial-level cities – Nha Trang and Cam Lam.
Van Ninh district would become a high-class beach tourism town, while there are plans for Ninh Hoa town to become an industrial region. Dien Khanh district has been earmarked for ecological and traditional cultural purposes.
In June 2022, the National Assembly, the country's highest legislative body, issued a resolution on distinct mechanisms and policies for Khanh Hoa to be implemented on a pilot basis to attract only mega projects.
Quang Ninh, along the Vietnam-China border and part of the Hanoi-Hai Phong-Quang Ninh development triangle, is emerging as a new production base.
The province, as a new centrally-run city under its master development plan until 2030 with a vision to 2050 approved in February this year by the Prime Minister, would have seven suburban cities at a district level by 2030.

A cruise ship with international tourists docks in Halong Bay, Quang Ninh province, northern Vietnam. Photo courtesy of Labor newspaper.
By 2025, the northern province, home to the globally famous Halong Bay, would have 13 administrative units with 13 urban areas. That will drop to 12 administrative units by 2030 after Mong Cai town is merged with Hai Ha district to form a new provincial-level city. As planned, the seven suburban cities would be Halong, Cam Pha, Uong Bi, Mong Cai-Hai Ha, Dong Trieu, Quang Yen, and Van Don.
Quang Ninh will focus on developing two economic corridors from Ha Long-Dong Trieu in the west and Ha Long-Mong Cai in the north. The development of the Van Don Economic Zone and the Mong Cai Border Economic Zone is also on the cards.
In industrial development, Quang Ninh is focusing on high-tech sectors like automobile and electronics manufacturing. To attract investors, the province is prioritizing infrastructure development, including building an expressway running across the province to the Mong Cai Border Gate on the Vietnam-China border.
- Read More
46% of Vietnamese businesses struggle to attract talent: study
A recent study by Anphabe, a leading HR consulting firm in Vietnam, showed that 46% of Vietnamese businesses face challenges in attracting talent with the right skill sets, often due to cultural barriers and a fear of innovation.
Companies - Sun, August 3, 2025 | 11:42 pm GMT+7
HCMC aims to establish battery recycling center, join global green supply chain: chairman
Ho Chi Minh City is planning to establish an electric vehicle battery recycling center - positioning itself as a crucial link in the global green economy supply chain, said Chairman of the municipal People’s Committee, Nguyen Van Duoc.
Economy - Sun, August 3, 2025 | 11:23 pm GMT+7
Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model
The Vietnamese government has approved the expansion of the eastern wing of the North-South Expressway using the public-private partnership (PPP) model, according to a statement from the Government Office.
Infrastructure - Sun, August 3, 2025 | 12:11 pm GMT+7
Vingroup chairman injects $687 mln into EV maker VinFast in Q2
Billionaire Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, poured VND18 trillion ($686.5 million) into the group’s EV subsidiary VinFast in the second quarter of 2025, raising the total in the first half to VND23 trillion.
Companies - Sun, August 3, 2025 | 10:57 am GMT+7
Vietnam to launch int’l financial center in HCMC, Danang by late 2025
Vietnam is set to put its first international financial center (IFC), located in both Ho Chi Minh City and Danang, into operation by the end of this year.
Finance - Sun, August 3, 2025 | 9:27 am GMT+7
Former Techcombank exec appointed CEO of technology major One Mount Group
Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.
Companies - Sun, August 3, 2025 | 8:00 am GMT+7
Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday
F88 Investment JSC (F88), a leading consumer finance company in Vietnam, will float its over 8.26 million shares on the Unlisted Public Companies Market (UPCoM) on August 8, with a reference price of VND634,900 ($24.2) apiece.
Finance - Sat, August 2, 2025 | 11:14 pm GMT+7
Vietnam's manufacturing sector returns to growth after 4 months as new orders rise
Despite further export weakness due to U.S. tariffs, the Vietnamese manufacturing sector returned to growth in July as a renewed expansion in new orders supported a faster rise in production, according to S&P Global.
Economy - Sat, August 2, 2025 | 3:07 pm GMT+7
SCG-backed $5.4 bln petrochemical complex in southern Vietnam set to restart in late August
The $5.4 billion Long Son Petrochemicals Complex (LSP) in southern Vietnam may resume operations as early as late August or early September following a nearly one-year hiatus.
Industries - Sat, August 2, 2025 | 1:22 pm GMT+7
Draft resolution on piloting digital asset market in Vietnam to be submitted in August
A draft resolution on piloting Vietnam’s digital asset market is being finalized and expected to be submitted to the government within August, according to a State Securities Commission (SSC) official.
Finance - Sat, August 2, 2025 | 12:35 pm GMT+7
LNG, offshore wind power developers in Vietnam seek policy support to overcome obstacles
As the implementation of LNG and offshore wind power projects remains challenging while enormous investment capital is required, developers definitely need strong support policies and mechanisms, said insiders.
Energy - Sat, August 2, 2025 | 8:47 am GMT+7
US imposes 20% reciprocal tariffs on imports from Vietnam: trade ministry
U.S. President Donald Trump on Thursday signed an executive order imposing new reciprocal tariffs on imports from 69 countries and territories, with rates ranging from 10% to 41%. Vietnam was hit with a 20% levy.
Economy - Fri, August 1, 2025 | 5:47 pm GMT+7
Profit of Vietnam’s top construction contractor Coteccons hits 5-year high in fiscal year 2025
Ho Chi Minh City-headquartered construction giant Coteccons reported a post-tax profit of VND454 billion ($17.32 million) for the 2025 fiscal year (from Q3/2024 to Q2/2025), up 47% year-on-year.
Companies - Fri, August 1, 2025 | 4:58 pm GMT+7
Italian energy giant ENI eyes more bioenergy opportunities in Vietnam
Vietnam wishes to see Italian group ENI expand its investment and partnerships with domestic stakeholders in line with the country's green transition, particularly in the area of carbon capture, utilization and storage (CCUS), said Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Fri, August 1, 2025 | 1:50 pm GMT+7
Vietnam's tech heavyweight FPT exec dies at 57
Hoang Nam Tien, vice chairman of FPT University Council and former chairman of FPT Telecom and FPT Software, both under Vietnam's leading IT corporation FPT, died from a stroke on Thursday, aged 57.
Companies - Fri, August 1, 2025 | 11:21 am GMT+7
Vietnam Airlines’s 6-month profit surpasses full-year target by over 20%
After the first six months of the year, national flag carrier Vietnam Airlines had completed more than half of the year's revenue plan and exceeded the year's profit target by 20.3%.
Companies - Fri, August 1, 2025 | 11:10 am GMT+7