Bac Giang makes breakthrough in investment attraction
Bac Giang province has so far attracted 1,113 investment projects with a total registered capital of nearly 5.9 billion USD, including 259 foreign-invested projects with over 3.5 billion USD.
Bac Giang (VNA) – The northern province of Bac Giang has sofar attracted 1,113 investment projects with a total registered capital ofnearly 5.9 billion USD, including 259 foreign-invested projects with over 3.5billion USD.
The value of investment capital poured into thelocality in 2016 was much higher than those from previous years.
As of December 10, the locality lured 172projects with a total registered capital of over 12.3 trillion VND (541.2million USD).
The investment value of domestic projects in2016 doubled that of the previous year and was 7.9 times higher than 2013.
With the newly-registered foreign directinvestment (FDI) capital upping 4.6 times year-on-year, Bac Giang was listedamong top ten leading localities in FDI attraction nationwide.
Key projects in the period included awaste-to-power plant capitalizing at 4.75 trillion VND (209 million USD), andan international logistics centre in Bac Giang city, with a total registeredcapitals of 4.2 trillion VND (nearly 1.85 million USD).
Additionally, an industrial park (IP)infrastructure project valued at 1.93 trillion VND (84.9 million USD) and theWest Yen Tu spiritual an ecological tourism site worth 1.48 trillion VND (65.12million USD) were also a few to name.
The fruitful results were attributed toincentives offered by the local authorities and their efforts to improve the investmentclimate.
Director of the provincial Department of Planningand Investment Trinh Huu Thang said the locality will continue outlining specificmeasures in order to attract more investment in 2017, towards creatingbreakthroughs in its socio-economic development.
Accordingly, meetings and dialogues withenterprises will be maintained quarterly, thus swiftly supporting andaddressing difficulties facing them during their investment and business in thelocality.
The locality will also focus on calling forfurther investments in building infrastructure facilities in a number of IPsand industrial clusters, Thang noted.-VNA
The Management Board of Industrial Parks (IPs) in the northern province of Bac Giang granted investment licences to 34 projects in the first nine months.
Holding the Yen Tu festival in Tay Yen Tu in northern Bac Giang province and Dong Yen Tu in neighbouring Quang Ninh province will help preserve and promote the cultural values of Yen Tu, said a Government Committee for Religious Affairs official.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: //baobacgiang.com.vn) 
