Construction begins on Danish-funded garment factory in An Giang province
Denmark's Specter Real Estate A/S has begun construction of a garment factory in Mekong Delta province of An Giang’s Chau Thanh district with a total investment of 253 billion VND (about 11 million USD).
The groundbreaking ceremony for the construction of Specter An Giang Garment Technology Co.Ltd . (Photo:VNA)
An Giang (VNA) – Denmark's Specter Real Estate A/S has begun construction of a garment factory in Mekong Delta province of An Giang’s Chau Thanh district with a total investment of 253 billion VND (about 11 million USD).
The plant, built on an area of over 38.000 sq.m at the Binh Hoa Industrial Park, will produce 2 million products a year. It is expected to be put into operation in January 2024 and create jobs for more than 1,200 local workers.
Nguyen Thanh Cuong, head of An Giang province’s Economic Zone Authority, said the implementation of the Specter An Giang Garment Technology project is hoped to not only bring about huge benefits to the investor but also positively improve An Giang's industrial production and export value as well as boost local socio-economic development.
Specter Real Estate A/S specialises in manufacturing outdoor sports apparel for export to Europe, North America, and Japan.
𓃲 The new factory in An Giang is its third project in Vietnam, following those in the northern provinces of Thai Binh and Nam Dinh./.
An Giang should work towards the target of digital transformation in agriculture, Minister of Agriculture and Rural Development Le Minh Hoan told leaders of the Mekong Delta province on June 28.
Vice President Vo Thi Anh Xuan on September 19 led a delegation to visit the Mekong Delta province of An Giang and present gifts worth close to 14 billion VND (612,000 USD) to support its fight against the COVID-19 pandemic.
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.