Work starts on Vietnam’s largest textile industrial park
Construction on Rang Dong textile industrial park – the largest of its kind in Vietnam began in Nghia Hung district in the northern province of Nam Dinh on April 18.
The Rang Dong textile industrial park on design (Photo: rangdongip.com.vn)
Nam Dinh (VNA) – Construction on Rang Dong textileindustrial park – the largest of its kind in Vietnam – began in Nghia Hungdistrict in the northern province of Nam Dinh on April 18.
Vice Chairman of the provincial People’s Committee Ngo GiaTu said that the industrial park plays an important role in the province’s sea-basedeconomic development strategy, contributing to transferring local economicstructure.
Nam Dinh is home to more than 480 textile businesses withover 70,000 workers. The sector’s revenue accounts for 40 percent of theprovince’s total industrial production value.
Therefore, once operational, the industrial park will serveas a driving force for the locality’s socio-economic development, he stated,asking investors to mobilise resources to build infrastructure facilitiessynchronously to ensure the progress of the project.
According to Tran Minh Hoan, head of the province’sindustrial park management board, the project covers a total area of over2,000ha and is divided into three phases.
The Rang Dong industrial park aims to attract investors to thegarment and textile field towards the goal of 1 billion metres of fabric in2020 and 1.5 billion metres by 2025.
To meet environmental regulations, a wastewater treatmentstation with a capacity of 110,000 cu.m per day will be built.
In 2016, Vietnam imported 5.5 billion metres of fabric. It seta target of increasing the domestic fabric output from 2.85 billion metres in2016 to nearly 18 billion metres in 2025. To fulfill the goal, the Government hasallowed the establishment of several major textile industrial parks in certain localitieswith Nam Dinh planned to become a garment and textile centre of the north.-VNA
The northern province of Nam Dinh is seeking investments of more than 4 billion USD in 21 key projects, according to the province’s Investment Promotion and Business Support Centre (IPBSC).
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.