Ground-breaking ceremony of Dung Quat Industrial Town in Quang Ngai province (Source: news.zing.vn)
Hanoi (VNA) - Constꦛruction kicked off on the Dung Quat Industrial Town project in the central province of Quang Ngai on August 10.
The project, spanning 1,303ha in Binh Son District, will be divided into two phases. The first phase is funded by the Hoang Thinh Dat Joint Stock Company, with total capital of more than 2 trillion VND (89.5 million USD).
It will focus on building the infrastructure for the industrial park across 319ha, including a wastewater treatment station with a capacity of 25,000cu.m. per day. It is expected to be completed in 2019.
The project, to operate for 50 years, aims to attract businesses in the areas of production and assembling of electrical, electronics and telecommunication devices; production of auto and plane components and parts; food and drinks; chemical, medicines and pharmacy; textile, garments and dying; and other light industries and parts supplies.-VNA
The Quang Ngai Industrial Zones (IZs) Authority has granted investment licences to three new projects worth 71 billion VND (approximately 3.2 million USD).
There would be more auctions of shares from oil and gas companies in the second half of 2016 under the directives of the Government on equitisation of State-owned enterprises.
Prime Minister Nguyen Xuan Phuc has suggested the central province of Quang Ngai to outstandingly carry forward its economic model propelled by agriculture and processing industry.
Prime Minister Nguyen Xuan Phuc has emphasised the need for the central province of Quang Ngai to intensify its competitiveness in investment promotion.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Ground-breaking ceremony of Dung Quat Industrial Town in Quang Ngai province (Source: news.zing.vn)
