Deputy PM Vuong Dinh Hue at the groundbreaking ceremony (Source: VCP)
Ha Tinh (VNA) – Construction on a1.44 trillion VND (63.4 million USD) wood processing factory commenced in thecentral province of Ha Tinh on December 3.
Invested by the Thanh Thanh Dat Joint StockCompany, the facility will be built on an area of 18 hectares in the Vu Quangindustrial cluster in Vu Quang district.
Designed to have the annual capacity of 120,000cubic metres of medium-density fibreboard (MDF) and 2,400 cubic metres of woodslats, the factory is expected to start operation in the fourth quarter of2019.
The project aims to fully tap the local forestpotential in line with the province’s planning for forest development for woodprocessing from 2013 to 2020, and a vision through 2030.
Addressing the groundbreaking ceremony, Chairmanof the provincial People’s Committee Dang Quoc Khanh urged sectors and thedistrict People’s Committee to work closely with the investor to accelerateland clearance for the project.
The investor was asked to ensure the progress ofthe project and prioritise recruiting local labourers once it becomesoperational.
Set up 14 years ago, Thanh Thanh Dat Company now has25 factories across the nation, with 2,500 employees. Its revenues reached 2.16trillion VND (95.04 million USD) in 2015.-VNA
The largest woodchip processing factory for export in the south central province of Phu Yen was officially put into operation at Dong Bac Song Cau Industrial Park on July 31.
Lao Prime Minister Thongloun Sisoulith said his country wants more Vietnamese investment in consumer goods production and timber processing to diversify the trading portfolio between the two sides.
Consumption of wood products in the domestic market is expected to increase by more than 10 percent this year from last year’s figure of 1.3 billion USD.
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.