Want to be in the loop?
subscribe to
our notification
Business News
LONG AN ATTRACTS $114.6 MILLION OF FOREIGN INVESTMENT IN FIRST QUARTER
In the first quarter of 2020, the southern province of Long An attracted the total foreign capital of $114.6 million, up $26.5 million compared to the same period last year.
In the first quarter of 2020, Long An granted 26 investment certificates to foreign investment projects with the total committed capital of $105.7 million and raised $120 million for 11 operational projects. The total capital, both newly-registered and added capital, is $114.6 million, increasing by $26.5 million compared to the same period last year.
Long An has attracted $6.324 million in foreign investment with 1,049 projects so far. There are 585 projects in operation, which takes 55.7 per cent of the total registered projects. These projects have disbursed$3.624 million, or 57.3 per cent of the total committed capital.
In the first quarter, domestic investors registered 341 new businesses with the capital of VND3.41 trillion ($148.26 million).
So far, there have been 11,697 businesses registering capital of VND307.561 trillion ($13 billion) within the province.
There are 16 industrial zones in operation on a total of 2,293 hectares, with 86.46 per cent of the land area being used. The total industrial land area being used increased by 18.37ha in the first quarter. Economic Zones along the border have received two foreign-invested projects with the total capital of $75 million. There are 21 industrial clusters with the total fulfilment rate of 89.7 per cent at the moment. Additionally, the state budget also reached VND4.62 trillion ($197 million), 27.5 per cent higher than the target.
According to Tran Van Can, president of Long An provincial People’s Committee, COVID-19 has affected the consumption of main agricultural products such as dragonfruit, as well as the import-export and manufacturing operations of businesses.
Moreover, the impacts of water shortages were aggravated by rapid saline intrusion, which are drying out and killing plants, and have ruined 990ha of crops.
Source: VIR
Related News
HOT NEWS
TRAVEL UPDATE: CAMBODIA INTRODUCES TEMPORARY VISA-FREE ENTRY FOR PRC PASSPORT HOLDERS (INCLUDING HONG KONG AND MACAU)
According to the Ministry of Tourism of the Kingdom of Cambodia, holders of passports issued by the People's Republic of China (PRC), including Mainland China, Hong Kong, and Macau, will be eligible for temporary visa-free entry to Cambodia from 15 June to 15 October 2026. The temporary measure is expected to facilitate tourism, business travel, and people-to-people exchanges between Cambodia and Chinese-speaking markets, including Hong Kong and Macau.
MEMBER CORNER / PROMOTIONS
TEE OFF & STAY AT HOIANA SHORES GOLF CLUB
Unlock exclusive golf and stay privileges reserved for member cardholders. Experience award-winning links golf, premium hospitality, and coastal relaxation with specially curated rates available for a limited time. Booking Period: 15 June – 30 September 2026. All supporting documents and payment details will be provided upon booking confirmation.
PROPERTY / INDUSTRIAL ZONE
HCMC TARGETS 181,000 NEW SOCIAL HOUSING UNITS BY 2030
HCMC plans to build more than 181,000 social housing units between 2026 and 2030, after completing nearly 17,900 units over the past five years, city officials said. Le Duc Anh, deputy head of the Housing and Real Estate Market Management Division under the city’s Department of Construction, said at a socio-economic press briefing in HCMC on June 4 that the city was stepping up efforts to expand social housing supply.
VIETNAM ECONOMY INVESTMENT
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
BANKING / FINANCE / INSURANCE / TAX
OUTSTANDING GREEN LOANS REACH VND828 TRILLION IN 2017-2025
Outstanding green loans in Vietnam have reached VND828 trillion, with 82 credit institutions now extending financing to environmentally sustainable projects. Growing at an average annual rate of more than 20% between 2017 and 2025, green credit has emerged as a key driver for mobilizing and allocating resources to support the country’s green transition and sustainable economic development.
BANKING / FINANCE / INSURANCE / TAX
AROUND VND33.6 TRILLION RAISED FROM G-BONDS IN MAY
The State Treasury raised VND33.63 trillion from Government bond (G-bond) auctions in May, completing 72% of its second quarter issuance plan and nearly one-third of its annual target. According to data released by the Hanoi Stock Exchange (HNX) on June 4, the exchange organized a total of 17 G-bond auctions on behalf of the State Treasury during May.
Events Sponsors
