The southern province of Dong Nai has welcomed 440 million USD in foreign direct investment (FDI) and 30 billion VND (1.34 million USD) from domestic investors so far this year.
Dong Nai (VNA) – The southern province of Dong Nai has welcomed 440 million USD in foreign direct investment (FDI) and 30 billion VND (1.34 million USD) from domestic investors so far this year, according to the province's IZ♌s Management Board.
The figures represent positive signals for a strong influx of FDI in 2016.
As of February, the province has lured in 1,560 FDI projects, with total registered capital of nearly 29 billion USD. Most of them remain valid, according to the provincial Department of Planning and Investment.
Numerous big international groups from Japan, the Republic of Korea, Singapore and Thailand have expanded their investments and operations in anticipation of opportunities brought by free trade agreements (FTA), particularly the Trans Pacific Partnership (TPP) deal.
They include Hyosung, Changshin, Taekwang Vina, Amata, CP Fujitsu, Formosa, VPIc, Kenda and Pouchen.
Ly Duc Ky, Director General of the Vietnam Precision Industry Joint Stock Company at the Ho Nai IP in Trang Bom district, said up to 90 percent of the company’s products are shipped to the US, Japan and Canada, which are members of the TPP.
The company has invested approximately 70 million USD in building facilities and recruiting more than 1,000 employees to expand its operations in the Giang Dien IP, Ky said.
According to Chairman of Thailand’s Amata Group Surin Pitsuwan, the group has put another 635 million USD in three projects in the Long Thanh IP.-VNA
Foreign direct investment (FDI) registered in southern Dong Nai province hit 2.4 billion USD as of November 20, exceeding expectations and this year's target of 1.5 billion USD.
The Vietnam National Coal and Minerals Industrial Group (Vinacomin) on December 20 inaugurated Dong Nai 5, one of the key projects in the country’s Power Development Plan 7.
The southern province of Dong Nai has introduced a myriad of measures to achieve a Gross Regional Domestic Product (GRDP) growth rate of 8-9 percent in 2016.
A pilot concentrated livestock production zone was inaugurated in Thong Nhat district, Dong Nai province on Dec. 28, the first of its kind to be funded by the World Bank in Vietnam.
Wood export in the southern province of Dong Nai totaled 1.2 billion USD in 2015, up 17 percent from 2014, according to the provincial Statistics Office.
Nearly 400 FDI companies in the southern province of Dong Nai have increased their minimum monthly wages by about 500,000 VND (22.3 USD) for each worker on average.
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.
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.
Illustrative photo (Source: VNA)
