Dong Nai pledges to be companion to FDI businesses
Authorities of the southern province of Dong Nai have held a meeting with foreign invested businesses to help address difficulties facing their operations.
Authorities of Dong Nai present merit certificates to FDI firms with outstanding business performance at the meeting on March 1 (Photo: VNA)
Dong Nai (VNA) – Authorities of the southernprovince of Dong Nai have held a meeting with foreign invested businesses tohelp address difficulties facing their operations.
Vice Chairman of the provincial People’sCommittee Tran Van Vinh said foreign invested enterprises are an importanteconomic element helping with local development.
The number of valid foreign direct investment(FDI) projects in Dong Nai has surpassed 1,400 with total registered capital of28.73 billion USD from 45 countries and territories. The biggest investors arethe Republic of Korea (RoK), Taiwan (China) and Japan.
In 2018, Dong Nai surpassed its investmentattraction and trade revenue targets, he noted, adding that FDI firms poured1.92 billion USD into the province last year, and they contributed to over 43percent of its gross regional domestic product.
At the meeting on March 1, Ahn Seong-ho,Commercial Counsellor at the RoK Consulate General in Ho Chi Minh City, saidthat Korean businesses have invested 63 billion USD into Vietnam so far. Thatincludes over 7 billion USD poured into Dong Nai, making this province a majordestination of the FDI flow from the RoK.
He noted that with an increasingly openinvestment attraction policy, the local administration has made efforts tocreate optimal conditions for businesses and remove obstacles facing them, thusfacilitating their operations.
Vinh said local authorities pledge to be acompanion to businesses. They always consider difficulties of businesses astheir own so as to address those problems and help with firms’ development.
Dong Nai is part of Vietnam’s southern keyeconomic region, which also covers Ho Chi Minh City and the provinces of TayNinh, Binh Phuoc, Binh Duong, Ba Ria-Vung Tau, Long An and Tien Giang.-VNA
The disbursement of foreign direct investment (FDI) in the southern province of Dong Nai hit a record high of 1.6 billion USD in 2018, accounting for 86.4 percent of total foreign attraction in the year.
The southern province of Dong Nai has so far attracted 1,378 foreign-invested projects with total registered capital of 28.5 billion USD, according to the provincial People’s Committee.
The southern province of Dong Nai granted investment licenses to seven new direct investment (FDI) projects and approved capital addition to four existing others, with total capital of 52.4 million USD in January 2019.
Foreign direct investment (FDI) to the southern province of Dong Nai hit 186.4 million USD in the first two months of this year, surging three times against the same period last year, according to the provincial Department of Planning and Investment.
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.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Authorities of Dong Nai present merit certificates to FDI firms with outstanding business performance at the meeting on March 1 (Photo: VNA) 
