Want to be in the loop?
subscribe to
our notification
Business News
DA NANG TO SET UP FOUR NEW IPS
Under the province’s plans, the four IPs are Hoa Nhon, Hoa Ninh, Hoa Son IPs and the second phase of the Hoa Cam IP, with the total area of 1,600ha, one-and-a-half-times the total area of the city’s existing industrial parks.
Hoa Ninh, Hoa Son IPs and the expansion of phase two of the Hoa Cam IP are expected to be completed this year, while Hoa Nhon IP will be finished by July 2017.
The establishment of new IPs aims to solve the city’s problem of less space for the operation of regional firms, which has caused pressure on local authorities, Le Tuan Khanh, head of the Planning and Construction Management Board under the Management Board of Da Nang City Export Processing and Industrial Zone Authority, told Da Nang newspaper.
According to the city’s Association of Small and Medium Enterprises, Da Nang currently has over 17,000 enterprises, in which small and medium-sized enterprises account for some 97 per cent, with registered capital of VND90 trillion (US$3.9 billion), Da Nang newspaper reported.
At present, Da Nang has six industrial parks, with an area of over 1,000ha, but they are fully occupied. Most of the regional firms lack stable production premises and therefore are forced to set up temporary factories in residential areas, which make a lot of noise and affect the residential environment.
In addition to the four new IPs, the city also plans to build eight more industrial clusters to create more space for the operation of micro and small enterprises. Till date, the city DoIT has completed the draft plan on the establishment of industrial clusters to submit to the city’s People’s Committee. Most of the new industrial clusters will be established in Hoa Vang and Lien Chieu districts.
The city’s DoIT was also asked to prepare steps for mobilising investment for the construction of wholesale markets for cattle, poultry and agricultural products in the city. DoIT will select the city’s key industrial products and formulate policies to encourage and promote the brand and for the formation of key industrial enterprises.
Source: VIR
Related News
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HR / LABOUR/ EMPLOYMENT
VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS
Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.
Events Sponsors
