At the Uchyama Vietnam Co., Ltd in the VSIP 2A Industrial Park, Binh Duong province. (Photo: VNA)
Binh Duong (VNA) - The southern province ofBinh Duong exported 3 billion USD worth of commodities in May, up 17.1%month-on-month.
Its import turnover also increased by 16.6% compared to theprevious month.
Chairman of the Provincial People's Committee Vo Van Minhsaid the local socioeconomic situation changed positively, with industrialproduction, trade, services, exports, and imports growing slightly.
However, he noted that enterprise production and businessactivities faced many difficulties due to the shortage of orders; investmentattraction slow down, and disbursement of public investment was low comparedto the plan.
The cost of some essential items increased while theemployment and income of workers tended to decrease, affecting the quality oflife, added the official.
The authorities have so far ordered competent agencies tofocus on tackling these issues following the Government’s guide, get updated onthe market, and support firms’ import, export, and investment activities, amongothers.
In the first five months of the year, Binh Duong's export and import valuesexceeded 13 billion USD and neared 9 billion USD, down 17.9% and 13.5%year-on-year, respectively./.
In recent years, ceramics made in Binh Duong have made an appearance in many important national and international events such as the National Party Congress, APEC Vietnam 2006 and 2017, and the 17th ASEAN Summit. Binh Duong high-end porcelains of Minh Long I brand were chosen to be national gifts to more than 40 heads of state during official trips by the Party and State leaders.
The southern province of Binh Duong has contributed 14.94 trillion VND (637 million USD) to the State budget in the first quarter, ranked among the top five localities with the highest figures nationwide.
Gia Dinh Group and SEP Cooperative of the Republic of Korea (RoK) on April 13 signed a memorandum of understanding on building a net-zero industrial complex in the southern province of Binh Duong.
Wood processing and export businesses in the southern province of Binh Duong have been making every effort to overcome difficulties facing the industry.
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.
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&.