Efforts to reform administrative procedures and provide greater support for investors helped the northern province of Quang Ninh reap remarkable success in attracting domestic and foreign investment.
A corner of Ha Long Bay, Quang Ninh province (Source: VNA)
Efforts to reform administrative procedures and provide greater support for investors helped the northern coastal province of Quang Ninh reap remarkable success in attracting domestic and foreign investment flows.
The construction of a five-star Sheraton hotel worth 40 million USD commenced in the locality on October 10, only 9 days after its investors and the local authorities signed a cooperation agreement.
Local authorities, Starwood Hotels & Resorts Worldwide, Inc from the US and the Club M Ha Long Joint Stock Company inked two agreements on October 1 to cooperate in managing and developing the Sheraton hotel.
In 2012, Quang Ninh province broke the record for the time it took to grant an investment certificate for a 300 million USD fibre plant project invested by China’s Texhong Yinlong Science and Technology Co., Ltd in the Hai Yen Industrial Park. The project’s investor received investment permission only 24 hours after submitting its document.
In April 2014, the local authorities also granted an investment certificate to the Hai Ha International Investment Co., Ltd and the Texhong Hai Ha Industrial Park Co., Ltd under China’s textile group Texhong to develop i nfrastructure for the first phase of the Hai Ha Industry Park (IP) in Hai Ha district within only 15 working days, 23 days less than regulations. The project has a total investment of 4.5 trillion VND (201 million USD).
Apart from the projects mentioned above, Quang Ninh also created favourable conditions for investors to develop big projects important to the locality’s development such as the Dai Duong Park owned by Sun Group Corporation and Vincom Trade Centre and Vinpearl Hotel invested by the Vingroup Joint Stock Company .
Quang Ninh is currently calling for investment in its Mong Cai border gate economic zone (EZ) which has 40 projects in transport infrastructure, culture, trade-service, health-education, electricity, industry, agriculture and the environment.
🔯 Investors in the EZ will be eligible for incentives applied in extremely difficult socio-economic areas such as discounted land rent and costs for wastewater treatment facility construction.-VNA
Chinese textile group Texhong kicked off a project to build infrastructure for an industrial park in Hai Ha district in northern Quang Ninh province on November 15.
The Prime Minister has signed a decision to approve a master plan for building the Mong Cai border gate economic zone in the northeast province of Quang Ninh by 2030.
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.
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.
A corner of Ha Long Bay, Quang Ninh province (Source: VNA)
