Vietnam's $5 Billion Apec Island in Crisis Vietnam's ambitious project to create an economic hub on Apec Island has hit a wall, leaving behind a trail of financial struggles, infrastructure challenges, and a labor shortage.
The island's economy is struggling to stay afloat, with many businesses reporting losses and some forced to shut down due to lack of demand.
The retail sector has been particularly hard hit, with major malls and shopping centers closing their doors as consumers opt for cheaper alternatives on the mainland.