Hi-tech factory built in Mekong Delta province of Vinh Long
TOWA Industrial Vietnam Co. Ltd. has begun construction of a high-tech factory to produce precision machine parts at Hoa Phu Industrial Park in the Mekong Delta province of Vinh Long.
An artist’s impression of TOWA Industrial Vietnam Co.Ltd’s under-construction plant at the Hoa Phu Industrial Park in the Mekong Delta province of Vinh Long (Photo Courtesy of Thien An Design- Construction- Trading Co.ltd)
Vinh Long (VNA) - TOWA Industrial Vietnam Co.Ltd. has begun construction of a high-tech factory to produce precision machineparts at Hoa Phu Industrial Park in the Mekong Delta province of VinhLong.
The 342 billion VND (14.7 million USD) TOWA Southern StarFactory project is expected to help attract other high-tech investorsto the region.
The project matches the province’s ambition to transform itsindustrial structure from traditional to technology-based to help it developsustainably.
It will produce high precision machine parts usingenvironmentally-friendly technologies. TOWA supplies products to many famousbrand names such as Juki, Brother, Komatsu, and Kubota.
The plant will also use the latest technologies for wastetreatment.
It is being designed and built by Thien An Design,Construction and Trading Co. Ltd., which recently built the main operationbuilding, air traffic control building, air traffic control tower, and airportapartment building at Van Don International Airport in Quang Ninh province, CaMau Gas Processing Plant and some factories for foreign investors likeAjinomoto, Acecook, Wacoal, Fuji Impulse, and YKK.-VNA
Ho Chi Minh City has announced a number of industrial and agricultural product groups as its key products in the 2018 – 2020 period, giving them special priorities in terms of growth promotion.
Vietnam has seen positive signs in attracting foreign direct investment (FDI) in the remaining months of 2018 as a number of international investors are seeking to expand their businesses in the southern key economic zone.
Authorities of the southern province of Binh Duong on November 26 held a dialogue with leaders of domestic and foreign businesses, where they introduced the province’s investment opportunities in a wide range of fields.
The central city of Da Nang always appreciates the contributions of Japanese enterprises to its socio-economic achievements in 30 years attracting foreign direct investment (FDI) into Vietnam.
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.