Masan to build 149 million USD foodstuff centre in Hau Giang
Vietnamese conglomerate Masan Group has received permission to invest 3.5 trillion VND (149 million USD) in a Foodstuff Industry Centre project in Hau Giang province to produce foodstuff and cosmetic products.
Danny Le, General Director of the Masan Group, receives an investment certificate for the Mien Tay 2 Foodstuff Industry Centre project in Hau Giang province at a conference held on July 16. (Photo courtesy of Masan)
Hau Giang (VNS/VNA) - Vietnamese conglomerate Masan Grouphas received permission to invest 3.5 trillion VND (149 million USD)in a Foodstuff Industry Centre project in Hau Giang province to producefoodstuff and cosmetic products.
At a conference to facilitate investment into Hau Giang on July 16in the presence of Prime Minister Pham Minh Chinh, Masan received aninvestment certificate for its 46-hectare Mien Tay 2 Foodstuff IndustryCentre project.
It will be set up in Nam Song Hau Industrial Park in Hau Giang’sChau Thanh district, and aims to facilitate the production and distribution offoodstuff and cosmetic products to the Mekong Delta and nearby regions.
The centre will consist of a foodstuff factory, a brewery, afactory to manufacture cosmetic items, detergent and hygiene products, as wellas storage spaces.
Nguyen Thieu Nam, Deputy General Director of the Masan Group, saidthat Hau Giang has made great efforts in simplifying administrative proceduresand assisting investors.
“We hope that the province will speed up improving its roads toboost regional connectivity, which will help Hau Giang and the Mekong Deltaattract more investors.
“The province should also set up river ports to make use of itsnatural advantages and push for goods transportation on waterways to reducelogistics costs,” Nam said.
Prime Minister Pham Minh Chinh said that, “the Government supportsbusinesses, and is always ready to have dialogues and listen toinvestor feedback, as well as help businesses overcome their problems.”
Nghiem Xuan Thanh, Secretary of the provincial Party Committee,said that the province aims to develop its industry, agriculture, andtourism sector, and prioritises attracting capable businesses to invest in theinfrastructure of local industrial parks.
As one of Vietnam’s biggest companies in the consumer goodssector, Masan has more than 30 factories, many large-scale farming areas and aretail system of nearly 3,000 supermarkets and convenient stores all over thecountry./.
A proposal has been sent to the Ministry of Transport asking for evaluation of a feasibility report on the construction of the Can Tho – Hau Giang section as part of the eastern route of the North-South Expressway.
Prime Minister Pham Minh Chinh on July 15 offered incense to President Ho Chi Minh at a temple in Luong Tam commune, Long My district in the Mekong Delta province of Hau Giang, and inspected the Lung Ngoc Hoang Natural Reserve in Phuc Hiep district.
Prime Minister Pham Minh Chinh attended the inauguration ceremony of Song Hau 1 Thermal Power Plant Project in Mai Dam town, Chau Thanh district, the Mekong Delta province of Hau Giang, on July 16.
Prime Minister Pham Minh Chinh has asked the Mekong Delta province of Hau Giang to turn its potential into resources and aspirations into practical and effective actions, and promote its internal strength for faster and more sustainable socio-economic development and higher living conditions of local people.
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.
Danny Le, General Director of the Masan Group, receives an investment certificate for the Mien Tay 2 Foodstuff Industry Centre project in Hau Giang province at a conference held on July 16. (Photo courtesy of Masan) 
