The central coastal province of Nghe An has paid heed to renovating and enhancing promotional activities to draw investment from such key partners as Japan, the RoK, Singapore and Thailand.
Nghe An (VNA) – The central coastal province of Nghe An has paid heed to renovating and enhancing promotional activities to draw investment from s♚uch key partners as Japan, the Republic of Korea (RoK), Singapore and Thailand.
The move is significant as it will create jobs for local labourers while increasing the budget collection and giving a push to the provincial socio-economic development.
Along with keeping close inspection on low-speed projects and addressing difficulties for investors, the province has also joined hands with relevant ministries and agencies like the Korean Trade-Investment Promotion Agency, the Japan External Trade Organisation and the Foreign Investment Agency to promote foreign investment in the locality.
Furthermore, it is consolidating relations with its existing non-governmental organisations and seeking to cooperate with other potential non-government ones to mobilise sponsorship.
From the outset of this year, the province granted licenses and revised investment certificates to 34 projects with total registered capital of 19 trillion VND (852.8 million USD).
The province is working with Thai Hemaraj group and the RoK’s TA-Trading Co., Ltd to carry out projects on industrial and urban area development, forest plantation and high-tech waste treatment.-VNA
Foreign direct investment (FDI) worth nearly 10.16 billion USD flowed into Vietnam in the first five months of this year, an increase of 136.4 percent from the same period last year.
A workshop was held by the Vietnam Embassy in India and the India – ASEAN – Sri Lanka Chamber of Commerce and Industry in Chennai on June 1 to promote investment in Vietnam.
A workshop on opportunities in agriculture and investment cooperation between Vietnam and Japan was held by the Consulate General of Vietnam in coordination with Japan’s Kokorozashi Network in Osaka.
Vietnam needs to invest more in tourism promotion work to keep up with regional countries, according to the Vietnam National Administration of Tourism (VNAT).
President Tran Dai Quang has hoped that Japanese businesses will increase investment in Vietnam, especially in developing hi-quality infrastructure and support industry.
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.
Illustrative photo (Photo:VNA)
