Ba Ria - Vung Tau among top localities in FDI attraction during 2016-2020
The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.
Ba Ria - Vung Tau (VNA) - The southernprovince of Ba Ria - Vung Tau was one of the leading localities in attracting investmentduring 2016-2020, Director of the provincial Department of Planning andInvestment Nguyen Cong Vinh has said.
The average registered capital of each State-ownedenterprise in the province stood at 250 billion VND (10.8 million USD), while thefigures for non-State and foreign-invested enterprises were nearly 9.5 billionVND (410,445 USD) and 103 million USD, respectively.
Over the past five years, the province granted new licences to 163foreign-invested and 216 domestic projects with registered capital of 3.2billion USD and 80 trillion VND, respectively, ranking it fourth out of Vietnam’s63 cities and provinces in terms of FDI attraction.
Additional capital also went to 96 FDI and 51 domestic projects worth 2.57billion USD and 14.7 trillion VND, respectively.
The province is now home to 415 FDI projects from 30countries and territories with registered capital of 29.5 billion USD, as wellas 605 domestic projects worth more than 307 trillion VND.
Some 7,800 new enterprises were established in the province over the last fiveyears, with total registered capital of over 74 trillion VND, up more than 44percent and nearly 86 percent, respectively, compared to 2011-2015. There werealso 85 new cooperatives, or 27 percent higher than planned.
꧒ Total social investment capital topped 233 trillionVND during the period, over 17.6 percent of which was from the State budget andthe remainder from businesses./.
The southern province of Ba Ria - Vung Tau has been working to boost the traceability of its agricultural products, with initial success recorded in the value of those applying the technology.
More agricultural products in the southern province of Ba Ria-Vung Tau now have traceability stamps which improve information transparency and product value.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Cai Mep port in Ba Ria - Vung Tau (Photo: VNA) 
