Want to be in the loop?
subscribe to
our notification
Business News
CẦN THƠ SEEKS INDUSTRIAL PARK INVESTORS
he Mekong Delta City of Cần Thơ’s Trade and Investment Promotion Centre plans to promote investment in the Việt Nam – Japan Industrial Park this year, according to Nguyễn Khánh Tùng, director of the centre.
Agencies in Cần Thơ City will focus on four major projects: a logistics centre; Việt Nam – Japan Industrial Park; an information centre; and Cần Thơ Convention Centre, Tùng said at an annual conference of the Cần Thơ’s Trade and Investment Promotion Centre on Tuesday.
Construction of the Việt Nam – Japan Industrial Park project is scheduled to begin in April, he said.
A series of events to promote business and investments from Japanese companies will be held in Cần Thơ in 2018.
Cần Thơ will also organise a meeting with Japanese investors in Hà Nội and cultural and commercial promotion events in Cần Thơ later this year, he said.
This year, Cần Thơ will promote trade and investments from other countries including South Korea.
The efforts will include a campaign to attract investments from South Korean companies in Cần Thơ’s Korea – Việt Nam Incubator Park (KVIP), according to Cần Thơ’s Trade and Investment Promotion Centre.
The city will also seek investors in the hi-tech agricultural industry.
The city this year will also host other events at the national level, including the 12th traditional southern cake festival (with 200 kiosks); the high-quality Vietnamese goods fair (with 400 kiosks); a VietBuild Cần Thơ for construction – building materials, properties and inner decoration (with 450 booths); and the Việt Nam international agricultural expo (with 350 kiosks).
Nguyễn Kim Ngọc, head of the Trade Promotion Division at the promotion centre, said last year the centre collaborated with other agencies to promote trade and investment in major markets such as Japan and South Korea.
The promotion campaigns helped Cần Thơ attain sales turnover of over US$1.76 billion, 5.9 per cent higher than targets set for 2017, and an increase of 13.9 per cent compared with 2016.
In 2017, the promotion centre also hosted 10 events and fairs, with 3,000 kiosks displaying goods and products from international and local companies, attaining total sales turnover of VNĐ700 billion.
Around 2,000 agreements and contracts were signed during these events, according to figures released by the Cần Thơ’s Trade and Investment Promotion Centre.
Source: VIR
Related News
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.