From developments involving Bamboo Airways and proposed banking regulations to updates on major construction projects and foreign trade, the following stories were among Vietnam's most closely watched business headlines this week.

Hancorp named in Long Thanh Airport inspection report

Vietnam's Government Inspectorate has referred documents to the Ministry of Public Security for investigation into alleged violations involving subcontracting and procurement procedures related to the Long Thanh International Airport project.

Among the companies named in the inspection conclusions is Hanoi Construction Corporation (Hancorp).

Despite the development, Hancorp has maintained relatively stable business performance.

The company generated consolidated revenue of more than VND3.215 trillion (US$124 million) in 2025, up from nearly VND2.589 trillion (US$100 million) a year earlier.

Net profit rose to nearly VND68 billion (US$2.6 million), compared with just over VND60 billion (US$2.3 million) in 2024.

In the first quarter of 2026, revenue declined year-on-year to nearly VND497 billion (US$19.2 million), although after-tax profit increased to more than VND7.1 billion (US$274,000).

Sheraton Phu Quoc Resort project terminated

The Phu Quoc Economic Zone Authority has terminated the investment registration for the Sheraton Phu Quoc Resort project, citing regulatory violations.

The project was developed by Vien Dong Phu Quoc JSC, whose legal representative is businessman Nguyen Minh Chinh.

Chinh also serves as the legal representative of several companies operating in real estate, logistics and rubber manufacturing.

Bamboo Airways booking system raises questions

Bamboo Airways' website currently displays no bookable flights from August 1 onward, including major domestic routes linking Hanoi and Ho Chi Minh City with destinations such as Quy Nhon and Da Nang.

The airline had previously announced the suspension of its charter service between Hanoi and Lijiang, China, effective August 1, citing adjustments to its operating plan.

VietnamNet said it contacted Bamboo Airways for comment but had not received a response.

Separately, FLC Group announced on July 31 the appointment of Michael Vu, Boeing Vietnam's Country Director, as the group's Vice Chairman from August 1, overseeing aviation and airport infrastructure investment.

Proposal to close dormant bank accounts

The State Bank of Vietnam is seeking public feedback on amendments to regulations governing non-cash payments.

One proposal would allow banks to close payment accounts that have recorded no transactions for three years or longer, unless different terms have been agreed with customers.

Some commercial banks have proposed shortening the inactivity period to 12 months, while others argue banks should have discretion to determine when dormant accounts should be closed.

State-owned banks dominate deposits

Financial statements from 28 commercial banks show total customer deposits reached approximately VND15.746 quadrillion (about US$607 billion) as of June 30, 2026, an increase of 5.38% from the end of 2025.

Vietnam's four largest state-owned banks accounted for 51.5% of those deposits, with a combined total of approximately VND8.12 quadrillion (US$313 billion).

Household deposits reach record high

Household deposits at credit institutions climbed to a record VND10.82 quadrillion (US$417 billion) by the end of May 2026, as elevated deposit interest rates continued to attract savings.

Several banks have offered deposit rates exceeding 9% per year for deposits of VND500 million (US$19,300) or more.

Average lending rates remain between 8.1% and 10.5% per year.

New lending flexibility for banks

From August 1, 2026, commercial banks will receive additional lending capacity following a decision by the State Bank of Vietnam.

Under the new regulation, banks will deduct only 50% of term deposits placed by the State Treasury when calculating their loan-to-deposit ratio (LDR) through July 31, 2028.

U.S. tariff guidance for Vietnamese exporters

Following a memorandum issued by the U.S. President on July 23, 2026, Vietnam is among 60 economies subject to investigation under Section 301 of U.S. trade law.

Goods originating in Vietnam are subject to a 12.5% tariff, except for products specifically exempted under the memorandum's annex.

Vietnam's Agency for Domestic Market Management and Development said exporters should strengthen supply-chain traceability.

Although the U.S. memorandum does not prescribe a specific traceability process, businesses should be able to provide reliable information on raw materials, suppliers, manufacturing locations and production stages to demonstrate compliance with applicable requirements.

Hanh Nguyen