Lotte chosen to build smart complex in Thu Thiem urban area
The Ho Chi Minh City People’s Committee has selected the Republic of Korea’s Lotte group as the investor of a smart complex project in the city’s Thu Thiem New Urban Area.
Chairman of the HCM City People's Committee Nguyen Thanh Phong (third, right) and other officials look at a plan on the Thu Thiem New Urban Area (Photo: VNA)
HCM City (VNA) – The Ho Chi Minh City People’sCommittee has selected the Republic of Korea’s Lotte group as the investor of asmart complex project in the city’s Thu Thiem New Urban Area.
The project is set to cost the investor 20.1trillion VND (nearly 884 million USD), excluding site clearance expenses.
It aims to develop a multifunctionalfinance-trade-service and residential centre in which finance, trade andservice functions play a crucial role in the core area of Thu Thiem.
Roads and technical infrastructure inside thecomplex and connecting with other areas in Thu Thiem will also be constructedunder the project.
The project is scheduled to be carried out in 72months since the approval of the investor and will be operated in 50 years byLotte.
The Thu Thiem New Urban Area is located on theeast of the Saigon River, facing District 1, with a total area of 657ha. It isexpected to be a new centre of finance, commerce, services, along with cultureand entertainment of HCM City.-VNA
A dynamic investment climate has made the southern city of Ho Chi Minh a magnet to conglomerates from the Republic of Korea (RoK) like Samsung, Lotte and CJ.
The HCM City People’s Committee has given Vingroup Joint Stock Company (Vingroup JSC) the go-ahead to invest in a sports and entertainment complex in District 2’s new Thu Thiem urban area.
All the land needed to develop the Thu Thiem urban area on Thu Thiem Peninsula in HCM City’s District 2 must be acquired this year, municipal People’s Committee Chairman Nguyen Thanh Phong said.
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.
Chairman of the HCM City People's Committee Nguyen Thanh Phong (third, right) and other officials look at a plan on the Thu Thiem New Urban Area (Photo: VNA) 
