Ho Chi Minh Times

Wednesday, Oct 14, 2026

UOB Raises Vietnam's 2026 Economic Growth Forecast to 9.2% on Strong Industrial Output

Singapore-based banking group UOB has upgraded its forecast for Vietnam's economic growth to 9.2% in 2026, citing strong third-quarter industrial performance and recovering export demand. The revised outlook reflects momentum in Vietnam's manufacturing sector, while the country's central bank is expected to maintain supportive monetary policies through the end of the year.
Vietnam Licenses Starlink Satellite Internet Distribution as Services Begin in Hai Phong
Vietnamese telecommunications company Saigontel has received authorization to distribute SpaceX's Starlink satellite internet services, with initial equipment deployments beginning in island communities off Hai Phong. The approval allows satellite-based mobile and maritime connectivity without requiring ownership of domestic network infrastructure, potentially improving internet access in remote coastal areas.
Ho Chi Minh City Proposes Restrictions on High-Emission Vehicles in Central Districts From 2028
Authorities in Ho Chi Minh City have proposed restricting high-emission motorcycles and commercial vehicles from entering central districts starting in 2028. The plan aims to reduce traffic congestion and air pollution while encouraging greater use of electric vehicles and public transport in Vietnam's largest economic centre.
Vietnam's Vinachem Restarts $492 Million Potash Mining Project in Laos
State-owned Vietnam National Chemical Group, known as Vinachem, has resumed work on a $492 million potash mining project in Laos after earlier financial and logistical delays. The investment is intended to secure raw materials for Vietnam's fertilizer industry while generating revenue for Laos and strengthening agricultural supply chains between the two countries.
French Quantum Computing Firm Pasqal Proposes Technology Partnership With Vietnam's FPT
French quantum computing company Pasqal has proposed a strategic partnership with Vietnamese technology group FPT to develop advanced computing capabilities in Vietnam. The potential collaboration would explore applications in artificial intelligence, logistics and industrial optimization, supporting the country's ambitions to expand its domestic technology sector.
Ho Chi Minh City Reburies Remains of 731 Fallen Soldiers Discovered After 58 Years
Vietnamese officials have held a memorial and reburial ceremony in Ho Chi Minh City for 731 soldiers whose remains were recently discovered beneath Le Thi Rieng Park. The ceremony comes 58 years after their deaths and marks a significant effort to recover and honour those who died during the country's wartime history.
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