The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.
Local authorities present the investment license to representative of Samsung Display Vietnam. (Source: VNA)
The Yen Phong Industrial Park in the northern province of Bac Ninh has drawn 7.5 billion USD in investment, including 7.2 billion USD from foreign investors.
It recently welcomed a three-billion-USD project invested by Samsung Display Vietnam to build a Research and Development (R&D) plant, marking the second biggest project from the Republic of Korea’s Samsung Group in Vietnam.
The facility is expected to create jobs for 20,000 labourers and earn 60 billion USD in 2020.
The 246-hectare Yen Phong IP, invested by the Vietnam ceramics corporation Viglacera has also made significant contributions to the province’s export value.
In the first seven months of this year, firms in the park earned 10.3 billion USD, accounting for 40 percent of the province’s expected export value of 25 billion USD this year.-VNA
A food processing and beverage factory invested by an enterprise from the Republic of Korea (RoK) will start operations in the third quarter of 2016 in Yen Phong Industrial Park in Bac Ninh province.
Bac Ninh authorities presented an investment licence to Samsung Display Co. Ltd on August 6, marking an upcoming flow of 3 billion USD from the company into the northern province.
The cumulative foreign investment in the northern province of Bac Ninh was worth 7.83 billion USD as of June 20, ranking it ninth out of the country's 63 provinces and cities, the Foreign Investment Agency said.
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&.
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.
Local authorities present the investment license to representative of Samsung Display Vietnam. (Source: VNA)
