135 projects become operational in Bac Ninh’s industrial parks in 2019
A total of 135 projects have been put into operation at industrial parks in the northern province of Bac Ninh so far this year, raising the total number of operational projects in local IPs to 1,070.
Workers at Orion Food Vina Co.,Ltd at Yen Phong industrial park (Photo: bacninh.gov.vn)
Bac Ninh (VNA) – A total of 135 projects have been put intooperation at industrial parks in the northern province of Bac Ninh so far thisyear, raising the total number of operational projects in local IPs to 1,070.
Firms in Bac Ninh’s IPs generated over 1,151 trillion VND (49.45 billion USD)in industrial production value, exported 22.6 billion USD worth of products,and contributed 11.5 trillion VND to the state budget.
From the outset of the year, the management boards of the local industrialparks revoked investment certificates and investment registration certificatesof 237 projects with total registered capital of 942.6 million USD.
After two decades, the industrial parks havebecome an important part of the local economy, promoting the economic structuretransform, while improvingthe province’s capacity in production and technology transfer, enhancingproduction efficiency and engaging deeper into the global production chain.
Established on August 25, 1998 under the PrimeMinister’s Decision 152, the Management Board of Bac Ninh Industrial Parks hasovercome various difficulties to complete all assigned tasks.
Particularly, strong performance in investmentmanagement and industrial park planning has helped Bac Ninh strongly thrivefrom a poor locality to one of the richest localities and a socio-economicdevelopment model with increasing role in the national economy.
Since 2000 when Bac Ninh launched its firstindustrial park of Tien Son, the province has currently had 16 concentratedindustrial parks covering nearly 6,400 hectares. Ten of them have beenoperational. The occupancy ratio of the park has reached 88 percent of clearedland, much higher than the national average ratio./.
Bac Ninh province, about 60km north of Hanoi, handed over investment licenses and signed land-use contracts with many domestic and foreign investors right on the first days of 2019, according to local authorities.
The northern province of Bac Ninh is looking to lure more Korean investments, pledging to create the best conditions for both large corporations and small- and medium-sized enterprises to invest in the province, Chairman of the provincial People’s Committee Nguyen Tu Quynh has said.
The northern province of Bac Ninh always creates the best possible conditions and promptly tackles obstacles for foreign enterprises, including those from the Republic of Korea (RoK), stated a local leader.
Secretary of northern Bac Ninh provincial Party Committee Nguyen Nhan Chien hosted a local reception on October 2 for a delegation from the Russia – Vietnam Friendship Association led by General Director of Russia’s Yaroslav Region Export Support Centre Bagrova Natalia.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Workers at Orion Food Vina Co.,Ltd at Yen Phong industrial park (Photo: bacninh.gov.vn) 
