Binh Duong’s domestic investment surpasses FDI for first time
Domestic investment in the southern province of Binh Duong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1% annually, surpassing the foreign direct investment (over 2.5 billion USD) for the first time, reported the provincial People’s Committee at a press conference on August 30.
BinhDuong (VNA) – Domestic investment in the southern province of BinhDuong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1%annually, surpassi💞ng the foreign direct investment (over 2.5 billion USD) forthe first time, reported the provincial 🌼People’s Committee at a pressconference on August 30.
DeputyDirector of the provincial Department of Industry and Trade Nguyen Thanh Hasaid so far this year, the province’s total retail sale of goods andservices topped 177.8 trillion VND, marking an 18.7% rise year-on-year. Itsexports also hiked 7.8% annually to over 24 billion USD while imports droppedby 5.1% to 17 billion USD, contributing to a trade surplus of 7 billion USD. Ata regular meeting of the local authorities, Chairman of the provincial People’sCommittee Vo Van Minh said the implementation of local socio-economic targets are meeting schedule.He asked departments and agencies to closely follow market situation and goodsprices, ensuring supply-demand balance in service of production andconsumption. Theywere also urged to clear up difficulties faced by businesses and workers,especially those in the sectors of wooden furniture, apparel, leather and footwear. Minh requested removing obstacles in assessing theestimate of procurement bidding packages, upholding the efficiency of poolinginvestment in important transport infrastructure, contributing to making thebest use of domestic investment capital, particularly public investment./.
The southern province of Binh Duong posted a trade surplus of 6.6 billion USD in the first seven months of this year, the provincial People’s Committee reported at a meeting on August 9.
Secretary of the Party Committee of southern Binh Duong province Nguyen Van Loi held a working session with Secretary of the Party Committee and Governor of the southwestern Lao province of Champasak Vilayvong Bouddakham, on August 23.
Thousands of small and medium-sized enterprises in Binh Duong will receive support to effect digital transformation from the province People’s Committee and Ministry of Planning and Investment.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
At a factory in Binh Duong (Photo: VNA) 
