Business News

Card image cap

CUSTOMS BUDGET REVENUE EXPERIENCES 3% DECLINE IN Q1

Vietnam’s import and export value reached a total of US$145.59 billion in the first quarter (Q1) of 2024, marking a year-on-year growth of 18.2%. However, the customs budget revenue saw a 3% year-on-year decline, amounting to VND71,520 billion in the quarter, thereby achieving 19.1% of the full-year target.

Card image cap

YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS

Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.

Card image cap

RAPID LAW IMPLEMENTATION MAY PROPEL MARKET FORTUNES

“Investors and developers are looking forward to the implementation of the new law, which will remove obstacles for a range of projects that are struggling due to stalled procedures and lack of legality. For them, the earlier the better,” he said.

Card image cap

NATION URGED TO BUILD ON ECO-IP MODEL

Industrial parks (IPs) involved in an initiative that aims to help push them into the realm of being classed as eco-parks have seen improvements across a string of indicators, according to a review event in Ho Chi Minh City last week.

Card image cap

OPTIMIZING LEGAL AND REGULATORY FRAMEWORKS FOR EFFICIENT PUBLIC INVESTMENT DISBURSEMENT

According to the Ministry of Planning and Investment, a 1% increase in public investment raises GDP by 0.058%, and each VND1 disbursed stimulates an extra VND1.61 from the non-state sector. However, plan implementation often falls short at around 80% annually, despite government efforts.

Card image cap

DEMAND SOARS, POWER ECONOMY URGED

The serious electricity shortage in the northern region in May-June 2023 is a valuable lesson on the importance and pivotal role of ensuring electricity security for socioeconomic development.

Card image cap

NATION URGED TO BUILD ON ECO-IP MODEL

For the 2020-2024 project, three IPs were selected for the transformation including Deep C Industrial Zones in the northern city of Haiphong, AMATA City Bien Hoa in the southern province of Dong Nai, and Hiep Phuoc IP in Ho Chi Minh City. Over the last four years, the level of compliance with the international framework on eco-IPs for all pilot complexes has increased in terms of environment, economy, and management.

Card image cap

VIGLACERA’S INDUSTRIAL PARKS CONTINUOUSLY ATTRACTS GREEN PROJECTS

Viglacera is renowned as a leading industrial park (IP) developer in Vietnam, with 25 years of experience, successfully attracting many world-renowned technology giants such as Samsung, Amkor, Hyosung, Foxconn, BYD, Qisda, and others. Building on this achievement, Viglacera is elevating its IPs to a new level by spearheading the development of green and smart IPs to attract green industrial projects.

Card image cap

HANOI TO ESTABLISH THIRD CITY COMPRISING TWO DISTRICTS

The People's Committee of Hanoi has presented an adjusted planning scheme for the city's overall development until 2045, with a vision for 2065, foreseeing population growth reaching 12 million by 2030, 14.6 million by 2045 and 15.5 million by 2050.

Technology Sponsor