VNA
Ha Tinh urge🗹d to꧑ ensure security in economic zones
The Ministry of Public Security has urged the central province of Ha Tinh to apply effective measures to maintain security in the locality, especially in key economic areas.
The Formosa group of Taiwan (China) is expected to seal an investment deal with the Japanese-based JFE Steel Corporation in August to jointly carry out its steel complex in central Ha Tinh province’s Vung Ang Economic Zone.
Under the deal, the Japanese firm will contribute 30 billion yen (around 242 million USD) to the project, equivalent to 5 percent of the total investment. It will also help with techniques in processing semi-finished products.
As a stakeholder, JFE will secure the supply of steel products for other Japanese enterprises investing in the Southeast Asian market.
JFE revealed its intention to export the products made in Vietnam to replace those currently produced in Japan. The firm will focus on construction steel bars first with steel panels for the automobile industry down the road.
JEF calculated that benefits from the project could be generated in the midterm and is considering further investments in the second phase of the project.
The first phase of construction of the Formosa steel complex, worth almost 10 billion USD, is scheduled to be operational in 2016 with an annual productivity of 7 million tonnes of steel products.
Formosa plans to invest an additional 10 billion USD in the project in the second phase and increase its capacity to 20 million tonnes.-VNA
Related News
MPI backs State funding for Vung Ang EZ
The Ministry of Planning and Investment (MPI) has agreed to support the Ha Tinh provincial authorities' proposal for more State funding for infrastructure projects in the Vung Ang Economic Zone.
New trade pacts mean steel will see hard times
The domestic steel sector would face difficulties due to fierce competition from imported steel, and the sharply reduced taxes levied on such imports, the Ministry of Industry and Trade said.
Formosa considering four projects in Quang Binh
Formosa group from Taiwan (China) said it is considering investing in four projects in Quang Binh following a recent meeting with provincial authorities.
See more
V🌃ietjet places new order for 100 🌃A321neo aircraft
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.
Vietnam 🎀makes bold push towards 2 million firms amidst global headwinds
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.
Fuel prices surge from 3pm on June 19
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.
Vietnamese 🐽Goods Day promotes Ba🍸c Giang lychees in Germany
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.
Vietnam–Cuba rice partnership sets new model for sustainable foo💟d security: media
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.
Vietnam seeks to expand trade ties with Algeria
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.
Vietnamese firms eye new opportunities with Nordic pღartners
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.
Reference exchange rate up 31 VND on June 19
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.
'Single-Stop&﷽apos; procedure at Lao Bao–Densavan border gate halte🐟d
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.
Cost optimisation solutions sought ⛄to suppor🧔t Vietnamese exports to US
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.
Phu Quoc to host first fish sauc𒉰e festival this month༺
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.
Mastercard reaffirms commitment to supporting Vietnam’♋s cashl𒆙ess future
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.
Three subsidiaries of Viettel enter For✅tune Southeast Asia 500 list
Vietnam has 76 businesses on the list this year, with total revenue of more than 160 billion USD.
Korean firm seeks cooperation in devel🉐oping urban project in Bac Ninh
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.
Vietnam, Indi꧟a explore cooperat༺ion opportunities in electricity, electronics sectors
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.
Germany invests 50 million USD in renew🅰able energy workforce training in Vietnam
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.
𒊎Savills expert points out three drivers of FDI attraction in Vietnamese re🐽al estate
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.
Bac Ninh exerts efforts to ensu💦re b▨usinesses thrive
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.
ཧH&💫;M, Nordic businesses seek suppliers in Vietnam
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.
Reference exchange rate down 3 VND on June 18
The State Bank of Vietnam set the daily reference exchange rate at 24,994 VND on June 18, up 5 VND from the previous day.
