The People’s Committee of the southern industrial province of Dong Nai held a dialogue on August 28 with locally-based Japanese firms with the aim of removing obstacles for the firms’ operation.
Japan is third on the list of top foreign investors in Dong Nai province with over 240 projects worth a combined 4.3 billion USD (Illustrative image. Source: VNA)
Dong Nai (VNA) – The People’s Committee of the southern industrialprovince of Dong Nai held a dialogue on August 28 with locally-based Japanese firms with theaim of removing obstacles for the firms’ operation.
The province is currently home to more than 1,800 foreign-investedprojects with total capital of 32.8 billion USD. Japan is third on the list oftop foreign investors in the province with over 240 projects worth a combined4.3 billion USD. Japanese-invested firms employ more than 63,000 workers
At the dialogue, Japanese businesses talked about problems theyencountered in visa, foreigners’ income tax and corporate tax.
Representatives from local agencies gave detailed explanation andpromptly addressed arising issues when possible.
Chairman of the Japanese business association in Dong Nai KadowakiKeiichi said the provincial authorities have removed many obstacles faced by Japaneseinvestors thanks to the dialogues held so far, thus promoting cooperation fordevelopment between the two nations and among their firms.
Vice Chairman of Dong Nai People’s Committee Tran Van Vinh noted thatthe Japanese business community in Dong Nai has contributed greatly to theprovince’s high and stable economic growth as well as its shift towardssustainable development.
The same day, the Dong Nai People’s Committee organized a B2B event betweenJapanese and local firms.-VNA
The southern province of Dong Nai attracted 902 million USD in foreign direct investment (FDI) in the first six months of the year, accounting for over 90 percent of the yearly plan and up 48 percent from the same time in 2017.
As of June 2018, Japanese businesses invested in nearly 240 projects with total registered capital of over 4.2 billion USD in Dong Nai, ranking third among more than 40 countries and territories pouring investment in the southern locality.
The southern province of Dong Nai has so far this year attracted over 1.14 billion USD in foreign direct investment (FDI), surpassing its yearly target by 14 percent, the province’s industrial zones management board said on August 13.
The pooling of fields to create large-scale fields and cooperatives for growing clean produce in southern Dong Nai province has benefited farmers and companies.
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.
Japan is third on the list of top foreign investors in Dong Nai province with over 240 projects worth a combined 4.3 billion USD (Illustrative image. Source: VNA) 
