Want to be in the loop?
subscribe to
our notification
Business News
BINH DUONG TO BREAK GROUND ON TWO MAJOR INDUSTRIAL PARKS
The southern province of Binh Duong will begin work on two large-scale industrial parks this year, said provincial chairman Vo Van Minh.
These include the Vietnam-Singapore 3 Industrial Park (VSIP3) and the Cay Truong Industrial Park, with each covering an area of 1,000 hectares. The VSIP3 project is scheduled to get off the ground in late March, reported the Vietnam News Agency.
With the development of these two facilities, Binh Duong will have 30 industrial parks with a total area of 14,000 hectares. Among them, 28 parks have been put into operation, attracting 4,000 firms at home and abroad to set up their businesses at the parks and offering jobs to over one million laborers.
According to the Binh Duong Industrial Zones Authority, the inflow of foreign investment into industrial parks in the province is forecast to remain strong. In the first two months of the year, investors from 13 countries and regions had injected capital into projects in the province.
Currently, Binh Duong ranks second nationwide in foreign investment attraction, just behind HCMC. The province has recorded a total pledged capital of US$37.7 billion, accounting for some 9.1% of the country’s total.
Source: VIR
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
VIETNAM ECONOMY INVESTMENT
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
BANKING / FINANCE / INSURANCE / TAX
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
VIETNAM ECONOMY INVESTMENT
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
Events Sponsors
