Want to be in the loop?
subscribe to
our notification
Business News
NATIONAL ASSEMBLY BACKS DOWNSIZING IZS, EZS
The total area of IZs would fall by nearly 8,600 hectares to over 191,000 hectares by 2020, compared to the earlier NA resolution, according a report on a Government directive adjusting land use by 2020 and a national land use plan for the 2016-2020 period presented on March 21 by chairman of the NA Economic Committee Nguyen Van Giau.
In recent times, the Government has reviewed IZs with a view to raising the occupancy ratio to around 65% from only 45% in 2011. In the coming time, the Government suggested boosting occupancy at the current IZs while new IZs should be constructed in a way that guarantees efficient investment, the report said.
Besides, the Government said the existing EZs are far larger than actual demand. There is a lack of manpower to develop them, resulting in construction delays.
According to the report, the total area for infrastructure development is 1.56 million hectares by 2020, dropping by 17,000 hectares compared to the NA resolution.
Giau said the NA has advocated the adjustment as there has been a rise in land arranged for some public projects that are in tandem with the nation’s economic growth. Land for energy projects will be cut by 37,000 hectares due to an elimination of many small hydropower plant projects. Land for educational institutions will drop by 13,000 hectares due to a revision of the university and college network in the 2006-2020 period.
In addition, the NA approved the Government’s proposal for reducing paddy farming and aquaculture areas due to improved farming techniques. By 2020, land for paddy cultivation is estimated at 3.76 million hectares, down by 52,000 hectares, while that for aquaculture is put at 767,000 hectares, 22,000 hectares lower than earlier approved.
Source: VNEP
Related News
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.
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.
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.
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.
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.
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.
























