Construction has officially begun on the civil aviation component of Phan Thiet Airport, a project valued at over 3,900 billion VND. Led by Sun Group, the 4E-standard airport is expected to be completed within two years. Located in Mui Ne, the facility features a Champa-inspired terminal designed to handle two million passengers annually, marking a significant milestone for regional connectivity and tourism.
IHG Hotels & Resorts has signed a major deal with Vinhomes Green Paradise to open four hotels in Ho Chi Minh City. This partnership introduces the Holiday Inn Express and Garner brands to Vietnam for the first time. With over 1,000 rooms planned, the project aims to turn the Can Gio coastal area into a global tourism hub capable of welcoming 40 million annual visitors.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
Vietnam’s Sun Group has entered a US$2.3 billion strategic partnership with Chinese design firm Gold Mantis. The deal focuses on high-end interior architecture and technology for major national works. A primary objective is the development of infrastructure for the APEC 2027 Conference in Phu Quoc. This collaboration aims to bring international design standards and advanced building information modelling to Vietnam’s burgeoning construction sector.
South Korean smart home specialist Hyundai HT has entered a series of strategic agreements to expand its presence in Vietnam. The company signed a cooperation deal with STARX Technology and tripartite memorandums of understanding with major developers Geleximco Group and Flamingo Holdings. These partnerships focus on integrating AIoT-based smart home and building technologies into large-scale residential, commercial and resort projects across the region.
Da Nang has marked a major milestone in its maritime development with the completion of shared infrastructure at Lien Chieu Port. A ceremony on March 28 signaled the start of a US$2 billion comprehensive investment project for a new container terminal. This mega-project aims to establish an international transshipment hub in Central Vietnam. It will feature eight berths capable of handling the world’s largest container vessels.
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