Want to be in the loop?
subscribe to
our notification
Business News
NAM DINH TO BUILD TWO NEW INDUSTRIAL CLUSTERS
Two new industrial clusters will be created in Nam Định Province offering services in a wide variety of sectors including pharmaceutical production, automotive parts and food processing.
The Nam Định Provincial People’s Committee will establish Thắng Cường and Mỹ Thuận.
The Thắng Cường Industrial Cluster spans an area of 75 hectares in Yên Thắng and Yên Cường communes, Ý Yên District, Nam Định Province.
Its primary industrial activities are mechanical engineering, supporting industries, food processing, pharmaceutical production, automotive parts manufacturing, electronics assembly, electrical equipment production and other manufacturing and processing industries.
Bateco Thắng Cường Joint Stock Company, with a total investment of about VNĐ1.03 trillion (US$41.2 million), is the project's investor. The project is expected to be completed within 24 months from the date of land handover.
The Mỹ Thuận Industrial Cluster is located in Mỹ Thuận Commune, Nam Định City, Nam Định Province.
It aims to attract companies in high-tech mechanics, automotive and motorcycle assembly, electronic production, food processing, construction materials production, handicrafts, wood processing, household goods manufacturing and other supporting and processing industries.
Thịnh Vượng Mỹ Lộc Joint Stock Company is the infrastructure developer for this industrial cluster.
The project has a total investment of over VNĐ929 billion, it is also set to be completed within 24 months of land handover.
Both clusters aim to attract large enterprises with modern, environmentally friendly technologies.
According to the approved development plan and the Nam Định Province Master Plan for the 2021–30 period, with a vision toward 2050, the province will have 54 industrial clusters covering about 5,969 hectares by 2030.
During the 2031–50 phase, some clusters will be expanded, increasing the total area to 8,703 hectares.
Source: VNS
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
BANKING / FINANCE / INSURANCE / TAX
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
VIETNAM ECONOMY INVESTMENT
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
HR / LABOUR/ EMPLOYMENT
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
HOSPITALITY / TOURISM / ENTERTAINMENT
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
Events Sponsors
