In today’s news brief:

📌 Vietjet faces aircraft seizures: A UK court appoints receivers empowered to seize overseas aircraft, revenues and other assets to recover more than US$250 million owed to a London investment firm.

📌 Long Thanh airport opening under threat: Payment delays totalling approximately US$396 million, alongside labour and material shortages, threaten the airport’s planned December opening.

📌 Vietnam proposes major spending increase: The government outlines a US$156.7 billion budget for 2027, including a US$35.2 billion spending increase and a projected deficit of 4.5 percent of GDP.

📌 California Fitness closes more gyms: The troubled fitness chain shuts another seven locations, bringing closures to 12 in one week, amid mounting financial difficulties.

📌 Vietnam’s property sector under pressure: Real estate brokerages cut jobs and close branches as transactions decline and commission payments are delayed by up to a year.

📌 Petimex faces criminal investigation: Government inspectors refer the state-controlled fuel trader to police over alleged tax evasion, smuggling and irregularities involving US$108 million in fuel sales.

📌 Airlines urged to expand domestic routes: Vietnam’s aviation regulator calls for more flights despite rising fuel costs making some routes commercially unviable.

📌 US-China trade tensions reshape Vietnam’s economy: American hardwood exports to China surge through Vietnam, while growing manufacturing demand raises questions about the country’s increasing reliance on coal power.