Vietnamplus

The southern province of Binh Duong, which is a major destination for foreign investment in Vietnam, has been focusing on developing industrial parks.

Binh Duong province is pushing ahead with the development of supporting industries to increase the use of local content in manufacturing to reduce costs.

The southern province of Binh Duong's Innovation Region project is expected to speed up economic growth of the area.

Vietnam’s growing stature in the region and the world and its impressive containment of COVID-19 have continued to consolidate its status as an attractive destination for Singaporean investors.

Ho Chi Minh City authorities are developing a plan for design and construction of underground spaces around metro line stations as part of an effort to renovate its inner districts and develop infrastructure in the next five years.

An online Vietnam-Singapore investment promotion conference was held on September 17 with the participation of 500 enterprises from over 80 Singaporean business associations and chambers of commerce around the world.

Investors from and localities in the Republic of Korea (RoK) have carried out a host of investment promotion activities in HCM City, Dong Nai, and Binh Duong recently as capital, especially for the high-tech industry, begins shifting to Vietnam.

Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years.

Wood and wooden product exports hit 1.05 billion USD in July, bringing the figure to 6.09 billion USD in the first seven months of this year, a year-on-year rise of 6.2 percent, the Ministry of Agriculture and Rural Development (MARD) has revealed.

Rubber producers reported poor second-quarter business results due to decreasing rubber prices, eyeing industrial zone development.

The Department of Natural Resources and Environment of southern Binh Duong province said it had fined 87 facilities for environmental violations in the first half of 2020.

Vietnam-US relations have reaped various important achievements since the establishment of bilateral diplomatic ties 25 years ago, across all fields of politics, diplomacy, trade, investment, science-technology, security-national defence, education-training, culture and people-to-people exchange.

A new high-speed boat service between Ho Chi Minh City and outlying Cu Chi district through Binh Duong province has been launched.

National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan attended a conference gathering permanent members of the People’s Councils of 21 southeastern and Mekong Delta provinces and cities in Tan An city, the Mekong Delta province of Long An, on July 11.

A 31-year-old man from Indonesia suspected of having COVID-19 has tested negative for the coronavirus.

Vietnam recorded a year-on-year decrease of 15.1 percent in foreign direct investment (FDI) inflows to 15.67 billion USD as of June 20, according to the Ministry of Planning and Investment (MPI).

Until March 2020, Vietnam has attracted 31.665 FDI projects with registered capital of 370,1 billion USD and implemented capital of 215,6 billion USD. Regarding FDI capital in the localities, Ho Chi Minh city 4,5 billion; Hanoi 34,64 billion USD (accounting for 9,4%) and Binh Duong province 34,61 billion USD.

Footwear exports to the US have been forecast to struggle in the remaining months of this year due to falling demand, though it recorded a 10 percent increase in revenue in the first quarter of the year.

The southern region is entering the peak harvest season for many fruits like durian, mango, rambutan, avocado, mangosteen, and jackfruit, but farmers are suffering from poor harvests.

There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.