Work begins on first luxurious five-star resort in north central
A ground-breaking ceremony for the north central region’s first five-star complex of hotel, entertainment and resort was held in Cua Lo town, the central province of Nghe An on June 26.
Nghe An (VNA) - A ground-breaking ceremony for t🌜he north central region’s first five-star complex of hotel, entertainment and resor🌺t was held in Cua Lo town, the central province of Nghe An on June 26.
Invested by Vingroup, Vietnam’s leading real estate developer, the 39-hectare Vinpearl Cua Hoi project has total investment capital of more than 900 billion VND (40.6 million USD), including high-end resort villas, five-star hotel, restaurants, and other facilities. It is located at Cua Hoi beach, 15 kilometres from Vinh city.
Speaking at the ceremony, Chairman of the provincial People’s Committee Nguyen Xuan Duong said that the project is significant to the provincial development.
Upon completion, the international standard complex will mark a giant stride in the local tourism sector, he noted, adding that the province commits to creating favourable conditions for the investors to effectively implement the project.
Vingroup also launched construction of the 16-hectare Cua Sot villa complex in Loc Ha district, Ha Tinh province on the same day. The two top-notch complexes are expected to mark a major advance in the regional tourism.
Also on June 26, the provincial People’s Committees of Nghe An and Ha Tinh started works on Cua Hoi bridge across Lam river, connecting Cua Lo resort town (Nghe An province) and Nghi Xuan district (Ha Tinh province).
The 1 trillion VND (45.1 million USD) bridge on the approved route along the central coast line will facilitate socio-economic development and consolidate security defence in the two provinces and the north central region.-VNA
No endangered animal has died at Vinpearl Safari Phu Quoc Zoo Park, the southern Kien Giang province's Department of Agriculture and Rural Development said in its latest report.
Vingroup – Vietnam’s most reputable real estate developer opened Vincom Plaza Buon Ma Thuot Trading Centre, the first of its kind in the region, on March 26.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
At the ground-breaking ceremony (Photo:VNA)
