Can Tho surpasses social-economic goals in 6 months

Can Tho achieved and impressively surpassed many of its socio-economic goals in the first six months of the year, according to Tran Thanh Man, Secretary of the city’s Party Committee.
Can Tho achieved and impressively surpassed many of its socio-economicgoals in the first six months of the year, according to Tran Thanh Man,Secretary of the city’s Party Committee.

At aconference held on July 1 to review the socio-economic activities of thefirst six months and determine plans for the second half of the year,Man revealed the city’s economic growth reached 9.19 percent.

The rate is 1.5 times higher than the national average of 6.28percent and the highest among five centrally-governed cities.

The tourism sector served more than one million tourists, equal to 73percent of the year’s target and up 60 percent yearly, generating arevenue of 970 billion VND (44.5 million USD), an 85 percent surge fromthe same period last year.

The city’s budgetcollection reached 8.82 trillion VND (404.4 million USD) in the firsthalf of the year, a 50 percent increase against the same period.

In addition, the city ensured order and security, actively prevented fires and reduced the number of collective appeals.

The city revoked licences from delayed projects, addressed issuesfaced by enterprises and reduced pollution by building garbageincinerators.

Can Tho, however, fell short insome sectors such as drawing social capital into production andbusiness, improving urban infrastructure and addressing river bankerosions.

In order to achieve the goals set forthe year, the Party official asked department leaders to raise theirsense of responsibility and bring a dynamic and innovative spirit to thetable.-VNA

See more

Can Tho, Belarus eye trade, investment opportunities

Can Tho, Belarus eye trade, investment opportunities

Belarusian Consul General in Ho Chi Minh City Alexander Sidoruk said his working visit to Can Tho city exposes ample untapped economic potential. The Belarus side brings strengths in exporting fertilisers, crop protection chemicals, agricultural equipment, and high-tech products, and is interested in importing Vietnamese rice, coffee, rubber, seafood, and dairy products.

Retail fuel prices are simultaneously reduced from 15:00 on May 14. (Photo: VNA)

Retail fuel prices cut from May 14 afternoon

Retail fuel prices were simultaneously reduced from 15:00 on May 14 following the latest adjustment by the Ministry of Industry and Trade (MoIT) and and the Ministry of Finance, with E5RON92 biofuel recording the sharpest decline.

A chip assembly and testing plant of Intel at the Saigon Hi-Tech Park in Ho Chi Minh City (Photo: VNA)

Intel deepens engagement in Vietnam’s semiconductor industry

According to the Saigon Hi-Tech Park (SHTP) management board, Intel has relocated part of its production line from Costa Rica to SHTP as part of its global manufacturing restructuring strategy aimed at improving efficiency and competitiveness.

A customer purchase E10 biofuel petrol at a PVOIL filling station on Thai Thinh street in Hanoi. (Photo: VNA)

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

An automobile assembly line of the THACO Truong Hai Group in Da Nang. (Photo: VNA)

Da Nang promotes investment attraction to achieve over 11% growth

Da Nang's foreign direct investment (FDI) attraction showed strong growth, reaching 237.7 million USD, double the level recorded a year earlier. The city granted licences for 47 new FDI projects, approved capital adjustments for 16 projects and recorded 10 transactions involving capital contributions and share acquisitions in economic organisations.

Deputy Prime Minister Nguyen Van Thang speaks at the forum. (Photo: vneconomy.vn)

Vietnam pivots to selective, high-quality FDI attraction for sustainable growth: Deputy PM

The FDI sector remains a key pillar of Vietnam’s economy, with more than 46,500 valid projects and total registered capital exceeding 543 billion USD so far. Disbursed capital has reached around 357.6 billion USD. The FDI sector contributes over 20% of GDP, accounts for around 70% of total export turnover, and creates jobs for millions of workers. Vietnam continues to rank among ASEAN’s leading FDI destinations despite global investment slowdowns.