The southern industrial hub of Binh Duong is likely to record a 16.2% rise year on year in exports of nearly 8 billion USD in the first quarter of 2024 thanks to the strong recovery of local firms.
Binh Duong (VNA) – The southern industrial hub ofBinh Duong is likely to record a 16.2% rise year on year in exports of nearly 8billion USD in the first quarter of 2024 thanks to the strong recovery of localfirms.
In the first three months of this year, the province’s indexof industrial production is estimated to grow 3.87% year on year.
According to Director of the Management Board of Binh DuongIndustrial Parks Nguyen Trung Tin, in the period, businesses in localindustrial parks enjoy 10.3 billion USD in revenue, contributing 5.9 billionUSD to the province’s total exports.
Tin said that 965 million USD has been disbursed by foreign-investedprojects in local industrial parks.
Thanks to the recovery in production and good economic growth,Binh Duong has collected 18.41 trillion VND (743.23 million USD) of Statebudget so far this year, fulfilling 26% of the yearly target.
In order to continue promoting economic growth, Chairman of the provincialPeople’s Committee Vo Van Minh has asked departments, sectors, and localitiesacross the province to focus on removing difficulties and obstacles facing realestate projects, while speeding up public investment disbursement.
Binh Duong will continue to create favourable conditions for local businessesand people to access credit, he pledged./.
Vietnam AdFest – Binh Duong 2024 will take place in the southern province of Binh Duong on July 11 - 13 to promote the potential, strength, and importance of the advertising industry in Vietnam in particular, as well as cultural industries of the country in general.
The southern province of Binh Duong has planned to develop 10 more industrial parks (IP) in the 2023 - 2030 period, according to head of the provincial Industrial Park Management Board Nguyen Trung Tin.
This year, Binh Duong province plans to attract 130-140 investment projects to industrial parks (IP), securing 1.2-1.3 billion USD from foreign capital and 1.1-1.2 trillion VND (about 48.535 million USD) from domestic investors.
Leaders of the southern province of Binh Duong, a magnet for foreign direct investment (FDI) in Vietnam, had a meeting with representatives from the German Business Association (GBA) in Vietnam on March 19 to seek ways to expand investment connectivity with nearly 400 German 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.
A corner of Binh Duong (Photo: VNA) 
