The northern port city of Hai Phong planned to establish a number of new industrial zones (IZs) this year, head of the provincial management board of economic zones Pham Van Moi said. A part of Dinh Vu IZ in the northern province of Hai Phong. - Photo anhp.vn Among these zones are the 752ha Xuan Cau-Cat Hai industrial and non-tariff zone...

The northern port city of Hai Phong planned to establish a number of new industrial zones (IZs) this year, head of the provincial management board of economic zones Pham Van Moi said. Among these zones are the 752ha Xuan Cau-Cat Hai industrial and non-tariff zone worth more than VND14.1 trillion (US$61 million), and the 93.3ha Cau Cuu-An Lao IZ expected...

This year Vietnam continues to maintain macroeconomic stability amidst unfavorable international conditions. In a recent interview with VOV, Deputy Prime Minister Vuong Dinh Hue said this year the regional and international situations are forecast to undergo many unpredictable developments, challenging Vietnam’s economic growth. Therefore, Vietnam’s number one priority this year remains macroeconomic stabilization. Deputy Prime Minister Hue said, “Macroeconomic stability is...

The Bac Lieu Provincial People's Committee (PPC) has handed the Decision on investment policy of Bac Lieu liquefied natural gas (LNG) power project to Delta Offshore Energy Pte Ltd (DOE Singapore). This project including a power plant LNG fired with a capacity of 3200 MW on an area of 40 ha in Vinh Hau A commune, Hoa Binh district, a...

The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output. Last November, a special consumption tax policy was proposed by the Ministry of Finance to reduce or waive the tax on domestically made car components, which can help reduce costs. Meanwhile, a proposal to...

As Vietnam prepares to enter a new development period in 2021 amid global economic changes and the widespread influence of Industry 4.0 and free trade agreements, the country is seeking to increase its appeal to private investors so that it can access more resources to cover its development needs. Le Net and Vu Thi Thinh from LNT & Partners...

The Vietnamese textile and garment industry continued its big role as a key driver of Vietnam’s exports. Chairman of the Vietnam Textile and Apparel Association Vu Duc Giang talked with VIR’s Phuong Thu about how local firms can capitalise on free trade agreements and weather difficulties to move forward sustainably. How did the Vietnamese textile and garment industry fare in...

The transport sector could make a breakthrough in investment mobilisation for national key projects this year. Minister of Transport Nguyen Van The discussed with VIR’s Bich Thuy the solutions to successfully achieve the 2016-2020 infrastructure development goals and creating a driving force for the following years. Minister of Transport Nguyen Van The Construction sites have been bustling, especially in the second...

The transport sector could make a breakthrough in investment mobilisation for national key projects this year. Minister of Transport Nguyen Van The discussed with VIR’s Bich Thuy the solutions to successfully achieve the 2016-2020 infrastructure development goals and creating a driving force for the following years. Construction sites have been bustling, especially in the second half of 2019 with a...

Last year was another record year for industrial and logistics real estate in Vietnam when foreign direct investment (FDI) into manufacturing remained positive. Amid the rising cost of production in China, businesses began their relocation processes to alternative locations in Southeast Asia, including Vietnam. In fact, a recent surge of demand for setting up production plants in Vietnam has made...