Dong Nai rolls out red carpet for investment in "100-year development strategy"

The southern province of Dong Nai is considered to be at a golden stage, gathering all necessary factors to accelerate and make strong breakthroughs in the coming years, including aligning the province's development with the Southeast region.

Hiep Hoa Islet is planned to become a modern urban area along the Dong Nai River. (Photo: VNA)
Hiep Hoa Islet is planned to become a modern urban area along the Dong Nai River. (Photo: VNA)

Dong Nai (VNA) – The southern province of Dong Nai is considered to be at a golden stage, gathering all necessary factors to accelerate and make strong breakthroughs in the coming years, including aligning the province's development with the Southeast region.

Leveraging the advantages of Long Thanh International Airport, and a chain of urban areas along the Dong Nai River with its connected transportation network, including highways, ring roads No.3 and 4, seaports, and logistics ỉnfrastructure, Dong Nai is calling for investment resources to build a "100-year development strategy” for the locality.

Under the Master Plan for Dong Nai in the 2021-2030 period recently approved by the Prime Minister, with a vision to 2050, the locality aims to become a civilised, modern province with the high economic growth in the country, said Chairrman of the provincial People’s Commitee Vo Tan Duc.

Vo Tan Duc.PNG
Chairrman of the provincial People’s Commitee Vo Tan Duc. (Photo: VNA)

The official said that Dong Nai’s economy is expected to develop well, leading in aviation economics, high-tech industries, science and technology, and innovation.

The economic and social infrastructure, along with urban infrastructure need to be developed in a synchronised, modern, smart, and sustainable way, focusing on developing an airport and world-class eco-urban areas.

Attention will also paid to preserving and promoting cultural identity, protecting the ecological environment, responding to climate change, firmly ensuring national defence and security, he went on.

The average growth of the province's gross regional domestic product (GRDP) during the 2021-2030 period is expected to expand by 10% per year. The average GRDP per capita is projected to reach approximately 14,650 USD by 2030.

Authorities have identified five breakthrough tasks for development, concentrating on effectively exploiting Long Thanh International Airport. The Bien Hoa dual-use urban airport project is central, as is completing the basic framework of smart infrastructure that adapts to climate change. They also want to develop industrial parks in line with carbon emission reduction goals, attract industrial project investment with high added value, new technologies, and environmentally friendly practices, integrated into global value chains, Duc said.

It will also establish an innovation centre, a concentrated information technology area, and digital transformation projects, as well as specialised education-training complexes in the Southeast region. There is also the need to implement high-class urban, tourism, and resort service projects, he added./.

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.