Binh Duong holds investment promotion conference with US
Binh Duong has been doing all it can to provide all the best conditions for businesses to resume production and maintain supply chains, Chairman of the southern province’s People’s Committee Vo Van Minh told an investment promotion conference with the US on December 2 night.
Chairman of the Binh Duong People’s Committee Vo Van Minh speaks at the event. (Photo: VNA)
Binh Duong (VNA) – Binh Duong has been doing allit can to provide all the best conditions for businesses to resume productionand maintain supply chains, Chairman of the southern province’s People’sCommittee Vo Van Minh told an investment promotion conference with the US onDecember 2 night.
Held via video teleconference, the event brought togetherofficials and major corporations from both Vietnam and the US. The eventhappened at the time when the fourth COVID-19 wave has been wreaking havoc in manysouthern industrial hubs in Vietnam, like Binh Duong.
In his opening remarks, Minh said Vietnam and the US havenow become trusted partners that boast a comprehensive partnership in all areas25 years after they established diplomatic ties in 1995.
Vietnam is the US’s 10th biggest trade partner anda major importer of goods from the US, he said. The US ranks 11th out of 141 foreign investors in Vietnam for operating 1,135 FDI projects, worthover 10 billion USD in total, he noted, adding that in Binh Duong alone, the UShas injected more than 911 million USD in 128 projects.
Given that Binh Duong has shifted to “safely, flexibly adapting to and effectively containing the pandemic,” the province is doing its best to be a good companion of businesses and facilitate the resumption of production and maintaining of supply chains, the provincial leader emphasized.
He went on to highlight Binh Duong as one of the country’sbest performers in socio-economic development and FDI attraction. The southernprovince was Vietnam’s second largest FDI recipient, after Ho Chi Minh City,raking in over 37 billion USD in FDI from 65 countries and territories, henoted.
Dawn Townsend, Division Director for Trade, GeorgiaDepartment of Economic Development, described Vietnam as an appealing destinationfor foreign groups and corporations thanks to its supply chains, youngpopulation, and a developing economy in the Southeast Asia.
She also highlyspoke of Binh Duong as an industrial manufacturing hub of Vietnam, saying theevent offers a good opportunity for US enterprises to explore investmentenvironment in the country./.
The People’s Committee of Binh Duong southern province on November 11 asked industrial parks in the province to support COVID-19 testing and inoculation for those who want to return to work.
The southern province of Binh Duong attracted 59 foreign direct investment (FDI) projects in the first 10 months of this year, a local official told a conference on November 19.
Many Thai businesses are interested in the dynamic development of the southern province of Binh Duong over the past years, Minister Counsellor from the Thai Office of the Board of Investment Audsitti Sroithong said at a teleconference held by the People’s Committee of Binh Duong and Becamex IDC on November 23 to call for investment from Thailand.
The People’s Committee of southern Binh Duong province held an online conference on November 30 to call for investment from Japan, attracting representatives of about 100 Japanese enterprises.
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.
Chairman of the Binh Duong People’s Committee Vo Van Minh speaks at the event. (Photo: VNA)
