Central economic zone lures 1.8 bln USD in investment capital
The Chan May-Lang Co Economic Zone in Thua Thien-Hue has 39 valid licensed investment projects, accounting for a total investment capital of over 39 trillion VND (1.8 billion USD).
Chan May- Lang Co economic zone (Source :cangchanmay.blogspot)
Thua Thien –Hue (VNA) 𒀰– The Chan May-Lang Co Economic Zone in the central province of Thua Thien-Hue has 39 valid licensed investment projects, accounting for a total investment capital of over 39 trillion VND ( 1.8 billion USD).
According to the managing board, the economic zone has issued investment certificates for three projects, and adjusted investment capital for one project in 2015 with a combined registered capital of 8,739 billion VND (397 million USD).
The managing board has created favorable conditions, such as better administrative procedures, site clearance and human resource training in order to keep projects on schedule.
Nguyen Que, Head of the economic zone’s managing board, said that with its strategic position as a significant gate of the East-West economic corridor, the zone will strive to become an economic hub in central of Vietnam, while attracting more big projects in the fields of industry, technology, tourism and services.
Large projects operating in the zone include the Banyan Tree Group of Singapore’s Laguna Tourism Complex, which has an investment capital of 875 million USD. There’s also the 368 million USD project of Minh Vien Lang Co International Tourism Complex.
The economic zone aims to lure up to eight projects in the fields of industry, tourism and urban infrastructure with a total investment capital of four trillion VND (182 million USD) in 2016.-VNA
For many years, inadequate infrastructure network has deterred foreign companies from investing in the central coastal region, but things are changing with progress reported in many infrastructure projects in the region. Report by the Vietnam Investment Review.
The Chan May-Lang Co economic zone in the central province of Thua Thien-Hue has set a target of attracting over 1.5 trillion VND (70.5 million USD) this year.
The five-star cruise liner Celebrity Millennium of Malta on February 11 docked at the Chan May port in the central province of Thua Thien-Hue, carrying over 2,100 foreign tourists and nearly 1,000 crew.
The central province of Thua Thien-Hue plans to attract investments worth 2.5 trillion VND to 3 trillion VND (119.05 million USD) to 142.86 million USD) and generate jobs for 1,000 to 1,500 new workers this year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.