Thanh Hoa attempts to become sustainable investment destination

The north central province of Thanh Hoa is making concerted efforts to become an attractive and sustainable investment destination for domestic and international investors, according to provincial authorities.
The north central province of Thanh Hoa is making concerted effortsto become an attractive and sustainable investment destination fordomestic and international investors, according to provincialauthorities.

Thanh Hoa has recently rankedamong the top ten of the provincial international economic integrationindex, the Provincial competitiveness index, and the Viet NamProvincial Governance and Public Administration Performance Index ,evidence of its promising progress towards favourable investmentconditions.

In 2014 alone, the provincegranted licences for 152 new projects, including 10 FDI projects, with acombined registered capital of 27 trillion VND (1.27 billion USD), 2.5times that of the previous year. Seven FDI projects also increased theircapital by 107.6 million USD.

Among thoseprojects, many are large-scale projects like the International GolfCourse and Resort project in Sam Son or the Holstein Farm in Thanh Hoa2.

But with a relatively low occupancy rate ofthe Nghi Son economic zone, which has an area of 19,000 hectares, andfive concentrated industrial parks, with a combined area of 3,100hectares, more efforts are still needed in the years to come.

Hoang Anh Tuan, Deputy Director of the province’s Department ofPlanning and Investment, said Thanh Hoa will speed up the implementationof licensed projects as well as key projects funded by the State budgetand Government bonds.

The department, hecontinued, will advise the provincial People’s Committee to address anydifficulties and obstacles encountered to ensure land clearance forprojects.

The province will also properlyimplement new laws taking effect in 2015, such as the Public InvestmentLaw, the Construction Law, the Enterprises Law, and the Investment Law,as well as streamline administrative procedures to make it easier forinvestors to rapidly carry out projects.

Besidesthe Government’s preferential policies, Thanh Hoa developed additionalincentive policies for local and international investors, such asoffering a 10 percent subsidy for the cost of land clearance forinvestors in the industrial zones number 3, 4, and 5 at the Nghi Soneconomic zone.

The province also reviews and revises mechanisms and policies to maximise their suitability and relevance.

Key transport projects such as the Nam Song Ma Avenue, the Tho XuanAirport, the road connecting Tho Xuan Airport to the Nghi Son economiczone, seaports in the Nghi Son economic zone and the National Road 217will be accelerated to ensure timely completion.-VNA

See more

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.