Construction of 40-million USD factory underway in Da Nang
Construction of a 40-million USD sports equipment factory began on December 15 at the Hoa Khanh Industrial Park in the central city of Da Nang’s Lien Chieu district.
Construction of a 40-million USD sports equipment factory begins on December 15 at the Hoa Khanh Industrial Park in the central city of Da Nang’s Lien Chieu district. (Photo: VNA)
Da Nang (VNA) - Construction of a40-million USD sports equipment factory began on December 15 at the Hoa Khanh IndustrialPark in the central city of Da Nang’s Lien Chieu district.
Invested by Daiwa Vietnam Limited, the factory sits on4 ha and is scheduled to be completed in January 2022.
Licensed in 2019, it is the third project of thecompany at Hoa Khanh, where its investment totals 90 million USD.
Addressing the breaking-ground ceremony, Vice Chairmanof the city’s People’s Committee Ho Ky Minh said the municipal authorities willcreate optimal conditions for the construction of the project and for all investorsin the city.
Industrial parks in Da Nang licensed 16 new projectsthis year, raising the total to 491, including 128 foreign-invested projectswith investment of nearly 1.6 billion USD. Of the number, Japanese investorsown 52 projects worth more than 644 million USD./.
Uniform measures should be put in place in central Da Nang city to recover from consequences of natural disasters and disease and promote economic recovery, Chairman of the municipal People’s Council Nguyen Nho Trung said on December 7.
The central city of Da Nang has focused on recovering the pandemic-hit tourism to continue boosting the sector’s sustainable development, focusing on high-end services in association with resort real estate.
The central city of Da Nang is planning a myriad of New Year welcoming activities to attract tourists, and they will be organised at an appropriate scale depending on the COVID-19 situation, a local official said on December 9.
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
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.
Construction of a 40-million USD sports equipment factory begins on December 15 at the Hoa Khanh Industrial Park in the central city of Da Nang’s Lien Chieu district. (Photo: VNA) 
