The project will be located in Nhon Hoi Industrial Park (Zone A), spanning nearly 29 hectares. Once operational by 2029, the complex is expected to produce between 100,000 and 250,000 tonnes of PET pellets a year.
Chairman of the Binh Dinh provincial People’s Committee, Pham Anh Tuan (sitting, right), and the CEO of Syre Group sign a memorandum of understanding on investment cooperation on April 25. (Photo: nld)
Binh Dinh (VNA) 𝔉– Authorities in the south central province of Binh Dinh have officially granted an investment registration certificate to Sweden’s SYRE IMPACT AB for a large-scale polyester recycling and production complex valued at around 1 billion USD.
The project will be located in Nhon Hoi Industrial Park (Zone A), spanning nearly 29 hectares. Once operational by 2029, the complex is expected to produce between 100,000 and 250,000 tonnes of PET pellets a year.
According to the Binh Dinh provincial Investment Promotion Centre, the investment licence will be presented to the investor at the upcoming Vietnam–Sweden Business Forum in Sweden, which is expected to be attended by Vietnamese Prime Minister Pham Minh Chinh. The move is part of the efforts to promote Vietnam’s appeal as an investment destination and to strengthen economic ties with Sweden and the broader Nordic region.
The handover of the investment certificate under the witness of senior government officials from both countries is seen as a demonstration of Vietnam’s commitment to maintaining a transparent, favourable business environment and partnering with strategic investors for green and sustainable growth.
Provincial leaders described the initiative as a model of circular economy in the textile and garment sector. The project aligns with Vietnam’s ambition to become a regional hub for polyester fibre recycling and supports the country’s commitment to achieving net-zero emissions by 2050.
Earlier, in May 2024, SYRE announced its first funding round worth 100 million USD and confirmed Vietnam as one of the potential locations for its inaugural Gigascale recycling plant. The country was selected due to its strategic role in the global textile supply chain, long-standing garment manufacturing industry, and readily available expertise.
Each plant is expected to generate around 600 jobs, including positions for highly skilled technicians, technical experts, and operations staff./.
By 2030, the province’s seaport system is expected to handle 17.65–18.75 million tonnes of cargo annually, including 0.32–0.37 million TEUs of containerised cargo and 150,000–200,000 passenger visits per year.
With a sound investment climate, Binh Dinh has become an attractive destination for investors, positioning itself as one of the most dynamic economic hubs in the country, and a leading development province in the region.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
