Binh Duong hands over investment certificates to five FDI projects
The People's Committee of the southern province of Binh Duong presented investment certificates to five foreign direct investment (FDI) projects worth nearly 1 billion USD in total during a recent ceremony.
Binh Duong province has become a magnet for investors (Photo: VNA)
Binh Duong (VNA) -൩ The People's Committee of the southern province of Binh Duong presented investment certificates to five foreign direct investment (FDI) projects worth nearly 1 billion USD in total during a recent ceremony.
They include two newly registered projects with a combined capital of 219 million USD and three others having capital adjusted up by about 755 million USD.
Of note, the 185-million-USD project of New Motion Pte Ltd of Singapore will be launched at Phu Tan Industrial Park (IP).
Meanwhile, Polytex Far Eastern Vietnam Co., Ltd will add 610 million USD to its current project at Bau Bang IP, raising its total investment to 1.37 billion USD.
Binh Duong leaders hand over investment certificates to FDI businesses (Photo: VNA)
Chairman of the Binh Duong People’s Committee Nguyen Hoang Thao said that the province has exerted efforts in realising the dual targets of curbing the spread of COVID-19 and ensuring socio-economic development by creating a favourable investment climate and bolstering external relations.
The province lured additional 1.25 billion USD in foreign direct investment in the first five months of 2021, a year-on-year surge of 59 percent.
As of May 15, Binh Duong had 3,974 projects totalling 36.5 billion USD from 65 countries and territories, ranking third in the country, only after Ho Chi Minh City and Hanoi./.
Authorities in Binh Duong province, in collaboration with Becamex IDC - a leading developer of industrial, urban and transportation infrastructure in Vietnam - hold an online conference on March 25 to promote Thai investment in the southern province.
Binh Duong’s Index of Industrial Production (IIP) picked up 6.9 percent year-on-year in the first quarter, with FDI firms remaining the largest contributor, according to the provincial People’s Committee.
The Health Department of the southern province of Binh Duong has submitted to the provincial People’s Committee the purchase of COVID-19 vaccines for local people.
Central Retail Vietnam, a member of the Thai-based conglomerate Central Group, will invest 35 million USD in a commercial centre in the southern province of Binh Duong.
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.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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.
Binh Duong province has become a magnet for investors (Photo: VNA)
Binh Duong leaders hand over investment certificates to FDI businesses (Photo: VNA)
