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Total investment capital estimated at VND12.56 trillion ($478 million).

Northern Hai Phong city is investing in 24 industrial clusters with a combined area of more than 1,116 hectares with total investment capital of VND12.56 trillion ($478 million) as the northern port city seeks to expand its industrial land bank and sustain economic growth.

According to the municipal People's Committee, industrial-cluster projects in the eastern part of the city are progressing rapidly, while several projects in the western area continue to face delays due to land clearance challenges.

Of the 24 industrial clusters under development, 16 are located in eastern Hai Phong, covering approximately 713.5 hectares across Tien Lang, Kien Thuy, An Lao, An Duong, Thuy Nguyen and the Southern Coastal Economic Zone. The area hosts several large-scale projects, including the Le Thien–Dai Ban Industrial Cluster, the largest among them, spanning about 60 hectares with an investment of roughly VND1.25 trillion.

Meanwhile, eight industrial-cluster projects are being developed in western Hai Phong, covering a combined area of around 409 hectares.

City authorities said the 24 projects, once completed, will provide an additional 1,116.8 hectares of industrial land, helping expand the city's manufacturing base and enhance its capacity to attract secondary investment projects.

Vietsovpetro, the Vietnam-Russia joint venture under the Vietnam National Industry - Energy Group (Petrovietnam), said it has achieved a historic mark of 255 million metric tons of crude oil extracted from the Bach Ho (White Tiger) field, marking nearly four decades of offshore oil and gas development in Vietnam.

The milestone was achieved at 3:30 am on Thursday, nearly 40 years after the joint venture first drilled for crude oil from the Bach Ho field, Vietnam’s largest oil field on its continental shelf in the East Vietnam Sea, on June 26, 1986.

Throughout its development, Vietsovpetro has maintained stable production while achieving notable scientific and technological breakthroughs, including the discovery and production of oil from basement rock reservoirs at the Bach Ho field, a landmark achievement with both practical and scientific value for the petroleum industry.

The milestone is also expected to provide strong momentum for Vietsovpetro to further accelerate scientific and technological innovation, adopt advanced technical solutions, and improve production and business efficiency, thereby maintaining its role as a key player in Vietnam’s national industry and energy sector.

In its early years, the joint venture faced significant challenges in infrastructure, technology, and offshore production experience.

Over time, successive generations of Vietnamese and Russian engineers and workers have gradually overcome these obstacles and successfully built and expanded oil and gas activities on Vietnam’s southern continental shelf.

In the first quarter of 2026 alone, Vietsovpetro produced around 770,000 metric tons of crude oil and condensate, along with more than 10 million cubic meters of natural gas, and delivered over 210 million cubic meters of gas to shore to meet domestic energy demand.

The company said crude oil output remained largely in line with targets, while gas production and gas deliveries to shore exceeded planned levels.

To sustain production as long-producing fields enter a natural decline phase, Vietsovpetro has implemented a range of technical solutions at Block 09-1, where the Bach Ho field is located, including optimizing well flow, enhancing extraction efficiency, and maximizing recovery of remaining reserves.

At the same time, exploration and appraisal drilling activities have been stepped up to add new reserves, laying the groundwork for future production, while enhanced oil recovery (EOR) technologies are also being deployed as the joint venture transitions toward a more technology-driven production model, with support from units within the Petrovietnam ecosystem.

Thanks to these efforts, crude oil sales in the first quarter of 2026 exceeded targets, contributing to state budget revenues and reinforcing national energy security.

The State Treasury raised VND33.63 trillion (US$1.27 billion) in Government bonds across 17 auctions conducted by the Hanoi Stock Exchange (HNX) in May.​

In the first five months of 2026, total capital mobilised via Government bonds reached VND159.2 trillion, equivalent to 72% of the State Treasury’s second-quarter issuance target and 32% of its annual plan.

Demand remained concentrated in medium- and long-term instruments, with 10-year and five-year bonds accounting for the bulk of issuance. The two tenors represented 54% and 45% of the total issuance value, respectively amounting to VND18.25 trillion and VND15 trillion.

The State Treasury offered bonds with maturities ranging from 3 to 30 years during the month. Successful bids were secured for 3, 5, 10, 15, and 30-year bonds, while winning yields edged up by between 2 and 14 basis points from the final auction in April.

At the last auction in May, winning yields were recorded at 3.49% for three-year bonds, 4% for five-year bonds, 4.25% for 10-year bonds, 4.27% for 15-year bonds and 4.5% for 30-year bonds.​

On the secondary market, the total listed value of Government bonds stood at nearly VND2.7 quadrillion at the end of May, up 2% month on month. Average trading value, however, slipped 6.59% to VND14.96 trillion per session.

Outright transactions accounted for 74.4% of total trading value, while repos made up 25.63%. Foreign investors contributed 4.3% of overall market turnover, up 0.8 percentage points from the previous month, but remained net sellers with net outflows of VND137 billion.

​HNX data showed that yields on bonds with maturities of 10–15 years posted the strongest increase during the month, reaching 3.97%. In contrast, the sharpest declines were seen in the three- to five-year and seven-year segments, where yields fell to 2.65% and 3.63%, respectively.​

Bonds with maturities of seven to 10 years were the most actively traded, accounting for 20.6% of total market value. They were followed by 20-year bonds with a 15.5% share and five-year bonds with 7.3%.