FDI-invested gypsum board plant inaugurated in Hai Phong
Knauf Vietnam Co ., Ltd. inaugurated its gypsum board manufacturing plant in the northern port city of Hai Phong on October 30 after nearly two years of construction.
Hai Phong (VNA) 🍌– Knauf Vietnam Co ., Ltd. inaugurated its gypsum board manufacturing plant in the northern port city of Hai Phong on October 30 after nearly two years of construction.
The plant, worth 30 million EUR (32.9 million USD), is one of the biggest foreign direct investment (FDI) projects in the city.
Covering nearly 63,000 square metres in Dinh Vu industrial park, the plant is expected to produce 12 million square metre gypsum board and 15 million linear metre metal profile on an annual basis.
General Director David Victor said the company has just launched two distributors in Vietnam , one in the south and one in the north.
He expressed his belief that the plant will help the company gain a considerable market share in Vietnam and the north in particular.
Vice Chairman of the provincial People’s Committee Le Thanh Son said the city will create the best condition for the company to implement its manufacturing activities.
In the first nine months of 2016, Hai Phong led the country by attracting 2.7 billion USD in FDI, five times against the same period last year and surpassing over 42 percent of the yearly target.
The city strives to draw more than 3 billion USD in FDI at the year’s end, the highest level so far.
Founded in 1932, Knauf is a multinational producer of building materials and construction systems that operates more than 220 production plants in over 60 countries.-VNA
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.
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.
At the inauguration ceremony (Source: VNA)
