Business News

The new industrial park will also have convenient traffic connections and infrastructure and will be accessible to main roads such as Highway 1A, HCM City – Trung Lương Highway and Ring Road 3, which crosses the industrial park and connects with the Mekong Delta province of Long An.

According to the General Statistics Office, from January to December 20, total foreign investment into Vietnam, including newly-registered, additional, and stake-acquisition capital, reached nearly $31.8 billion, up 3.1 per cent on-year. In the 2019 e-Conomy SEA report by Google, Temasek, and Bain & Company, Vietnam was designated as the third-most funded country in Southeast Asia, after Singapore and Indonesia.

The People’s Committee of the northern province of Bac Ninh has given green light to the establishment of Tan Chi 2 and Cach Bi supporting industrial clusters with more than 1.6 trillion VND (68.75 million USD) in total investment.

Minister of Construction Phạm Hồng Hà said at the time that the ministry would work with the Ministry of Natural Resources and Environment to complete regulations on condotels and officetels, but nothing has been issued.

The city's People’s Committee has also directed authorities to propose further regulations on management and use of State-owned houses and land funds, along with regulations related to auction of land-use rights and land leases.

The report focuses on the management of entry, exit, transit, and residence of foreigners in Viet Nam, policies on investment, business, housing, labor, education, training, healthcare, culture, sports, and tourism for foreigners in the context that Viet Nam has signed a series of bilateral and multilateral agreements which facilitate free flows of foreign organizations and individuals.

Export of raw materials to China, traditionally a major market for Vietnamese products that accounts up to 60 per cent of the country’s total export volume, plummeted as China cut back on imports. Among the most affected was yarn export with the price continuing to fall as fears of further tariffs being slapped on an additional US$250 billion worth of Chinese goods linger.

Driven by the rapid urbanization and strong industrial growth of Dong Nai province, Giang Dien Industrial Park was set up to meet investor demands in this dynamic economic region. After more than 10 years of operation, the industrial park has become a magnet to investors, laid a stepping stone for industrial development breakthroughs and the quick urbanization process in the province and played an active role in realizing the goal of making Dong Nai a modern industrial province by 2030.