PM chairs southern key economic zone development conference
Prime Minister Nguyen Xuan Phuc chaired a conference on the development of the southern key economic zone on May 6 in Bien Hoa city, the southern province of Dong Nai.
Dong Nai (VNA) – Prime Minister Nguyen Xuan Phuc chaired a conference onthe development of the southern key economic zone on May 6 in Bien Hoa city,the southern province of Dong Nai.
The southern keyeconomic zone comprises of Ho Chi Minh City and Dong Nai, Binh Duong, BaRia-Vung Tau, Binh Phuoc, Tay Ninh, Long An and Tien Giang provinces.
It leads the nationin terms of industrialisation and modernisation and drives Vietnam’s economicdevelopment, accounting for 45.42 percent of the country's Gross Domestic Product (GDP).
In recent years, theregion has gained many achievements in socio-economic development, with averageannual GDP growth rate of 8.34 percent during 2016-2018, and per capita incomereaching 5,474 USD last year – two times higher than the nation’s average.
However, theregion’s potential has yet to be tapped fully, and regional connectivity is lacking.
Therefore, at theconference, delegates are expected to discuss policies to boost regionalgrowth, connectivity to develop logistics and transport infrastructure and thequality of human resources.
They are also expectedto make recommendations to help the region bring its potential and strengths intofull play.-VNA
The Southern Key Economic Zone needs more robust policies and mechanisms for attracting resources and FDI and enhancing linkages between localities to develop faster and sustainably.
Vietnam has seen positive signs in attracting foreign direct investment (FDI) in the remaining months of 2018 as a number of international investors are seeking to expand their businesses in the southern key economic zone.
The Southern Key Economic Zone needs special policies to attract foreign direct investment (FDI) and improve linkages between localities to ensure sustainable development, experts have said.
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.
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.
An overview of the conference (Source: VNA) 
