Ca Mau confident of achieving economic growth targets
Despite facing difficulties, the southernmost province of Ca Mau saw remarkable economic growth in the first half and expects to meet its economic growth target of 7% this year.
Ca Mau (VNS/VNA) - Despite facing difficulties, thesouthernmost province of Ca Mau saw remarkable economic growth in the firsthalf and expects to meet its economic growth target of 7% this year.
Preliminary figures from the provincial Statistics Office showeconomic growth in the first six months was 4.23% year-on-year.
The agricultural, industrial and services sectors recorded growthof 6.41%, 0.61% and 7.03%.
Exports grew by 53% to nearly 728 million USD, with seafoodexports rising by 38% to 605 million USD and fertiliser exports by 229% to 122.5million USD.
Huynh Quoc Viet, Chairman of the provincial People’s Committee,said solutions to fulfill the socio-economic development targets for this yearwould be reviewed and supplemented, including the economic growth target of 7%.
The People's Committee would finalise the provincial plan for2021-2030 and submit it to the Government for approval and focus on urban andrural planning and developing three key townships, he said.
It would also seek to boost industrial production and trade, andpromote exports to markets that have free trade agreements with Vietnam, hesaid.
Ca Mau planned to strengthen trade promotion for agriculturalproducts, especially those made under the ‘One commune-One products’ programme,and solicit investment in its agro-forestry and fisheries sector, he said.
Provincial authorities would closely monitor price movements tohead off black marketeering, he added.
He called on all government agencies to step up administrativereforms to improve the province’s investment environment and position in theProvincial Governance and Public Administration Performance Index (PAPI) andthe Public Administration Reform Index (PAR-index).
The province would also strive to effectively implement a projecton improving its business environment and enhancing its competitiveness in 2021- 2025 to improve its ranking in the provincial competitiveness index (PCI) andprovide better support to enterprises, especially small and medium-sized andprivate firms who face difficulties due to COVID-19, he added./.
With advantages in rich mangrove and freshwater ecosystems, many Mekong Delta provinces have been promoting eco-tourism and community-based tourism. Ca Mau province has also been increasingly promoting the development of community-based tourism to turn it into a typical tourism product. The model not only offers interesting experiences to visitors but also helps improve the lives of local people.
The southernmost province of Ca Mau is working to fully tap its potential to successfully implement socio-economic development goals and promote rapid and sustainable development.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
A view of Ca Mau city. (Photo: camau.gov.vn) 
