Central Retail Vietnam increases investment in Hung Yen
Central Retail in Vietnam has received an investment registration certificate to develop a 18.2 million USD mall under its GO! brand in Vietnam’s northern province of Hung Yen.
Central Retail in Vietnam has received an investment registration certificate to develop a 18.2 million USD mall under its GO! brand in Vietnam’s northern province of Hung Yen. (Photo: congthuong.vn)
Hung Yen (VNA)ꦑ – Central Retail in Vietnam has received an investment registration certificate to develop a 18.2 million USD mall under its GO! brand in Vietnam’s northern province of Hung Yen.
At a conference to announce the provincial master planning scheme and promote investment in Hung Yen on July 7, Christian Olofsson, Property President at Central Retail Vietnam, noted the retailer has recently started the construction of its GO! mall in Hung Yen. The 1.6-hectare facility is set to open in 2025, offering over 40,000 products, including local specialties and "One Commune-One Product" (OCOP) items.
Central Retail entered Vietnam in 2012 and its retail network currently covers 42 cities and provinces across the country, with over 1 million square meters of retail space and 340 stores. Its team of 15,000 employees serves over 390,000 customers daily, he added.
The retailer sees Vietnam as a key market and plans to expand its network to 58 provinces and cities, both urban and rural, the executive added.It is committed to supporting Vietnamese farmers and local products, such as Hung Yen longan, through its extensive network across the country, Olofsson stressed.
The Ministry of Planning and Investment and Hung Yen authorities also granted investment registration certificates and in-principle approvals to 24 projects at the conference. These included 19 foreign-invested projects worth 630 million USD and five domestic ones worth 10 trillion VND (393.6 million USD).
Central Retail in Vietnam posted revenue of 400.6 million USD in the first quarter of 2024, up 4.6% year-on-year, according to the firm’s financial statement./.
The Red River Delta province of Hung Yen will continue working to improve its business climate and removing bottlenecks for enterprises in administrative procedures to push ahead the progress of projects in the second half of the year, Standing Vice Chairman of the provincial People’s Committee Nguyen Le Huy has said.
The northern province of Hung Yen continued to record relatively positive socio-economic performance during the first half of 2024, local authorities said.
Prime Minister Pham Minh Chinh attended a ceremony in Hung Yen on July 7 to announce the northern province's master plan in the 2021-2030 period with a vision to 2050 and promote investment in the locality.
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.
