Building area of Becamex Tokyo Company in new Binh Duong city (Photo: VNA)
The economy of the southern province Binh Duong in the first nine months of 2015 grew 11.3 percent, the fastest year-on-year increase in three years, according to a report released by the provincial People’s Committee.
The report showed the industrial sector posted an 8.5 percent growth, the service sector, 15.2 percent, and the agricultural sector, 1.6 percent.
Most major economic indicators are on track to meet their yearly targets, it said.
The province’s industrial production value maintained a rising trend from the beginning of the year, reaching 152.6 trillion VND (6.9 billion USD), up 13.8 percent against the same period last year. Domestic businesses saw a 12.3 percent increase in production value while foreign ones, up 14.6 percent.
Notably, Binh Duong enjoyed a trade surplus of over 2.5 billion USD in the first nine months of 2015.
The province attracted 1.47 billion USD in foreign direct investment, a 27 percent year-on-year increase and 47.7 percent more than the yearly target.
Regarding the fulfilment of the tasks for the remaining months of the year, Chairman of the provincial People’s Committee Tran Van Nam asked departments and agencies to reform administrative procedures and improve competitiveness and foreign investment attraction while speeding up the progress of major projects.-VNA
The arrival of FDI projects have contributed significantly to increasing the industrial proportion of Binh Duong’s economy to 62 percent at present, helping it basically meet industrialisation standards.
Businesses in the Thuan An and Di An townships of the southern province of Binh Duong reported quick recovery following the incidence in May 2014 during a visit by provincial officials on February 11.
Vietnam’s southern Binh Duong province and Italy’s Emilia Romagna region signed a number of cooperation agreements, covering mainly technology and education, in the Vietnamese locality on September 11
The value of industrial production in the southern province of Binh Duong has hit over 152 trillion VND (6.68 billion USD) for the first nine months of the year, up 13.8 percent on a yearly basis.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Building area of Becamex Tokyo Company in new Binh Duong city (Photo: VNA)
