Vietnamese, Lao firms forge strategic cooperation for Vientiane real estate project

KN Vientiane Group Co., Ltd of Vietnam and Real Concept Real Estate Sole Ltd of Laos on June 28 signed a strategic cooperation agreement to develop a real estate project in the Long Thành – Vientiane Special Economic Zone, marking a concrete step to implement investment commitments while underscoring the proactive role of businesses in strengthening Việt Nam – Laos economic ties.

Skyrocketing cost of housing key issue for Việt Nam

Despite the recent completion of 886 housing projects with 757,338 apartments, the cost of housing in key Vietnamese cities has skyrocketed to around VNĐ100 million (US$4,000) per square metre – too high for people in low- and middle-income groups, as well as labourers and public servants.

HCM City starts construction of 6,229 social housing units

Industrial developer Becamex IDC on Friday broke ground on four social housing projects in HCM City, adding more than 6,200 apartments as Việt Nam's largest metropolis steps up efforts to tackle a shortage of affordable housing.

Vietnam Airlines targets profit despite soaring fuel costs

National flag carrier Vietnam Airlines is aiming to remain profitable in 2026 despite mounting pressure from higher jet fuel prices, exchange rate fluctuations and rising operating costs, while pursuing an ambitious expansion and restructuring programme.

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