Urban area worth nearly 3 billion USD to be built in Dong Nai
Five investors will jointly carry out an urban area project worth over 72.2 trillion VND (2.9 billion USD) in Hiep Hoa Island of Bien Hoa city, the southern province of Dong Nai.
An aerial view of Hiep Hoa Island, where the urban area project worth over 72.2 trillion VND will be implemented (Source: VNA)
Dong Nai (VNA) – Five investors will jointly carry out an urban area project worth over 72.2 trillion VND (2.9 billion USD) in Hiep Hoa Island of Bien Hoa city, the southern province of Dong Nai.
The Dong Nai People’s Committee on September 17 issued a decision approving the Lan Anh - Phu Quoc Co. Ltd, the Sun Group Corporation, the Ha Long Sun Co. Ltd, the Sun Group Property JSC, and the Phu Quoc Beautiful Beach Investment Co. Ltd as investors of this project.
The Hiep Hoa urban area project, covering over 290ha, is located at a prime location at the gateway to Bien Hoa city.
Of the total investment, nearly 11 trillion VND is contributed by the investors while the rest is set to be mobilised from other sources.
The project will be implemented in six phases in 12 years, from the time it was approved in principle in 2023 to 2035. Under the Investment Law, it will operate for 50 years.
In March 2023, the provincial administration made in-principle approval of the project, which aims to develop a complex with low construction density which is modern and harmonious with the surrounding natural landscape.
🍰 The project also targets sustainable tourism development, the combination of diverse housing types and, especially, the harmonious arrangement of activities taking place around the clock in the urban area to form a vibrant commercial street and meet business and accommodation demand./.
The southern province of Dong Nai is striving to nearly double its yearly export turnover of forestry products to 2.5 billion USD by 2025, and 2.8 billion USD by 2030.
Dong Nai province, an FDI magnet in the southern region, posted a trade surplus of 4.2 billion USD during January – August on the back of the recovery of the global market, according to the provincial Statistics Office.
The southern province of Dong Nai attracted nearly 1 billion USD worth of foreign investment as of August 20, up 34% year-on-year, according to the provincial Department of Planning and Investment.
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.
