Want to be in the loop?
subscribe to
our notification
Business News
BINH DUONG TO BREAK GROUND ON TWO MAJOR INDUSTRIAL PARKS
The southern province of Binh Duong will begin work on two large-scale industrial parks this year, said provincial chairman Vo Van Minh.
These include the Vietnam-Singapore 3 Industrial Park (VSIP3) and the Cay Truong Industrial Park, with each covering an area of 1,000 hectares. The VSIP3 project is scheduled to get off the ground in late March, reported the Vietnam News Agency.
With the development of these two facilities, Binh Duong will have 30 industrial parks with a total area of 14,000 hectares. Among them, 28 parks have been put into operation, attracting 4,000 firms at home and abroad to set up their businesses at the parks and offering jobs to over one million laborers.
According to the Binh Duong Industrial Zones Authority, the inflow of foreign investment into industrial parks in the province is forecast to remain strong. In the first two months of the year, investors from 13 countries and regions had injected capital into projects in the province.
Currently, Binh Duong ranks second nationwide in foreign investment attraction, just behind HCMC. The province has recorded a total pledged capital of US$37.7 billion, accounting for some 9.1% of the country’s total.
Source: VIR
Related News
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
DA NANG CUSTOMS FOCUSES ON DEVELOPING CUSTOMS-BUSINESS PARTNERSHIPS
Da Nang Customs Department issued an action plan for developing customs-business partnership in 2024. One of the new events this year is the workshop on “Settlement reports for enterprises engaged in outsourcing, export production and export processing” held in Da Nang Customs Department on April 16, 2024.