Binh Duong hands over investment certificates to five FDI projects
The People's Committee of the southern province of Binh Duong presented investment certificates to five foreign direct investment (FDI) projects worth nearly 1 billion USD in total during a recent ceremony.
Binh Duong province has become a magnet for investors (Photo: VNA)
Binh Duong (VNA) -🌳 The People's Committee of the southern province of Binh Duong presented investment certificates to five foreign direct investment (FDI) projects worth nearly 1 billion USD in total during a recent ceremony.
They include two newly registered projects with a combined capital of 219 million USD and three others having capital adjusted up by about 755 million USD.
Of note, the 185-million-USD project of New Motion Pte Ltd of Singapore will be launched at Phu Tan Industrial Park (IP).
Meanwhile, Polytex Far Eastern Vietnam Co., Ltd will add 610 million USD to its current project at Bau Bang IP, raising its total investment to 1.37 billion USD.
Binh Duong leaders hand over investment certificates to FDI businesses (Photo: VNA)
Chairman of the Binh Duong People’s Committee Nguyen Hoang Thao said that the province has exerted efforts in realising the dual targets of curbing the spread of COVID-19 and ensuring socio-economic development by creating a favourable investment climate and bolstering external relations.
The province lured additional 1.25 billion USD in foreign direct investment in the first five months of 2021, a year-on-year surge of 59 percent.
As of May 15, Binh Duong had 3,974 projects totalling 36.5 billion USD from 65 countries and territories, ranking third in the country, only after Ho Chi Minh City and Hanoi./.
Authorities in Binh Duong province, in collaboration with Becamex IDC - a leading developer of industrial, urban and transportation infrastructure in Vietnam - hold an online conference on March 25 to promote Thai investment in the southern province.
Binh Duong’s Index of Industrial Production (IIP) picked up 6.9 percent year-on-year in the first quarter, with FDI firms remaining the largest contributor, according to the provincial People’s Committee.
The Health Department of the southern province of Binh Duong has submitted to the provincial People’s Committee the purchase of COVID-19 vaccines for local people.
Central Retail Vietnam, a member of the Thai-based conglomerate Central Group, will invest 35 million USD in a commercial centre in the southern province of Binh Duong.
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.
Binh Duong province has become a magnet for investors (Photo: VNA)
Binh Duong leaders hand over investment certificates to FDI businesses (Photo: VNA)
