The southern province of Long An led the country in attracting foreign direct investment (FDI) capital in the first half of this year, despite the COVID-19 pandemic.
Long An (VNA) – The southern province ofLong An led the country in attracting foreign direct investment (FDI) capitalin the first half of this year, despite the COVID-19 pandemic.
The province licensed 30 FDI projects with total investment capital of morethan 3.3 billion USD, of which over 3 billion USD was poured into the Long AnLNG power plants No 1 and 2.
In addition, Long An also issued investment licences to 77 domestic projectswith total registered capital of nearly 5.6 trillion VND (243 million USD).
According to the provincial People’sCommittee, relevant agencies have carried out a range of investment promotionactivities, including arranging a trip for Japanese companies to localindustrial parks and clusters, receiving a delegation of businesspeople fromthe Republic of Korea who came to explore the investment environment, and anevent on the province’s orientation for hi-tech economic zone development whichattracted big corporations from the RoK, the US and Germany.
Local agencies have also inspected the pace of investment projects and promptlyrevoked licences of delayed projects.
The province will continue to work to improve the local business and investmentenvironment through measures to increase the Provincial Competitive Index (PCI)and maintain its ranking in either the “good” or “very good” group. Theprovincial administration will keep close contact with investors in order totimely handle any difficulties and obstacles that arise during their projectimplementation./.
The Mekong Delta province of Bac Lieu plans to expand large-scale production and the use of advanced techniques to improve agricultural yield and quality and raise farmers' incomes from now to 2025.
Without a more effective business support package, the country’s goal of 6.5 percent in gross domestic product (GDP) growth for this year will be hard to be achieved as the GDP growth in the first six months of 2021 is forecast to reach only 5.8 percent, according to experts.
So far this year, industrial parks (IPs) in the southern province of Dong Nai hav attracted close to 80 foreign direct investment (FDI) projects totally worth some 715 million USD, exceeding its target of 700 million USD for the entire year.
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
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.
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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.
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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.
Illustrative photo (Source: VNA) 
