Bac Ninh (VNA) – The People’sCommittee of Bac Ninh province granted investment licences to six foreigndirect investment (FDI) projects on January 24.
They include a factory manufacturing electronic,network equipment and multimedia products of Hong Kong’s Goertek Co., Ltd in theQue Vo Industrial Park with total investment of 260 million USD.
Others are a stationery factory of China’s DeliGroup with total capital of 25 million USD in the Expanded Yen Phong IndustrialPark, and a electronic circuit boards manufacturing factory of the Republic ofKorea’s TSE Company with total investment of 19 million USD in the VSIP BacNinh Industrial Park.
The UK’s Cybertan Investment Corporation poured9 million USD into the production of wireless network modules, cable modems andtelevision signal decoding equipment in the Dai Dong – Hoan Son Industrial Park.
Meanwhile, Novatech Co., Ltd injected 5 millionUSD into manufacturing products from magnets in the Que Vo III Industrial Park,and Anyone Co., Ltd increased its capital to 50 million USD from 30 million USDto expand its project in the Que Vo Industrial Park.
At the licence granting ceremony, the provincialPeople’s Committee signed land use contracts with 10 businesses to build socialhouses on 65.5 hectares with total investment of about 11.9 trillion VND (511.8million USD). The construction of houses is expected to be completed in2020-2030, accommodating some 33,600 workers.
Deputy head of the management board of Bac Ninhindustrial parks Nguyen Duc Cao said after 20 years of developing industrialparks, Bac Ninh now has 16 industrial parks with investment from 32 countriesand territories.
As of 2018, these industrial parks drew 1,329investment projects worth 17.83 billion USD. More than 900 projects have beenput into operation, generating jobs for nearly 285,000 workers, bringing home32 billion USD in export turnover, contributing 11 trillion VND (473.2 millionUSD) to the local budget and creating industrial production value of 1.1 quadrillionVND (47.3 billion USD).-VNA
The northern province of Bac Ninh has been considered as a magnet for foreign direct investment (FDI) attraction with the rising pull of investment in recent years.
The inflow of foreign direct investment (FDI) has helped Vietnam access advanced technology in the world, said Director of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment Do Nhat Hoang.
A 360ha urban area will be built in Luong Tai district in the northern province of Bac Ninh, with an investment capital of more than 3.6 trillion VND (154 million USD).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
Illustrative image (Source: VNA)
