Vietnam Business Updates | 12-16 May 2026

BUSINESS

AIG starts work on $24 mln coconut processing plant in southern Vietnam (TheInvestor)

• Masterise Group has launched One Central Saigon, a $500M+ landmark mixed-use project in central Ho Chi Minh City, combining luxury residences, Grade A+ offices, retail, and hospitality, including the debut of Ritz-Carlton branded residences and hotel in Vietnam.

• Strategically located opposite Ben Thanh Market, the project integrates into the city’s core financial and transport hub, with direct connectivity to metro infrastructure, positioning it as a premium urban “all-in-one” destination.

• The development reflects Vietnam’s shift toward high-end, branded real estate and signals strong investor confidence in prime urban assets, contributing to the upgrading of the country’s property market and international positioning.