Can Tho city has been employing many solutions to attract investment and support businesses to improve their competitiveness. To find out more about this issue, Vietnam Business Forum had an interview with Mr. Tran Phu Loc Thanh, Deputy Director of the Department of Planning and Investment of Can Tho city.
Quang Ninh is always among the best economic performers in the country. Despite the huge impacts caused by the COVID-19 pandemic, Quang Ninh still excelled, with double-digit growth of 10.66% in the first six months of 2022.
Foreign direct investment (FDI) into Vietnam in the first seven months of 2022 increased by 93%, of which Singapore led the Southeast Asian countries investing in Vietnam.
Billions of dollars of FDI is invested in Vietnam every year, expected to bring with advanced industries and technologies from developed countries to enable Vietnam to take a shortcut to get ahead in technology. However, most FDI projects are now still labor-intensive.
To catch up with investment flows into Ba Ria - Vung Tau province, in 2009, Tin Nghia - Phuong Dong Industrial Park Joint Stock Company invested in building 496.22-ha Dat Do I Industrial Park in Dat Do district.
With 27 projects, the total FDI investment capital is more than US$1.5 billion from investors who are large multi-industry corporations from Japan, Korea, and Europe …; it can be affirmed that Phu My 3 Specialized Industrial Park has done a very good job as a “nest” to attract many “eagles” and quality investment capital for Ba Ria – Vung Tau province (BRVT), promoting socio-economic development of the province in particular, and Southern Key Economic Region in general.
Despite being established later than other localities, industrial zones in Ba Ria - Vung Tau province have achieved important outcomes, especially helping accelerate industrialized economic restructuring. With these successes, Ba Ria - Vung Tau Industrial Zones Authority (BIZA) proposed that the Provincial People's Committee introduce reasonable policies to attract investors to local industrial zones.
The COVID-19 pandemic, which has lasted for more than two years, has taken a toll on all business and trade activities, and especially the Ukraine war has pushed the world economy into a gloomy state. However, in the general picture of the economy, FDI into Vietnam was a bright spot in the first months of the year.
Finance Minister Ho Duc Phoc has had a working session with Secretary-General of United Nations Conference on Trade and Development (UNCTAD) Rebeca Grynspan, and Director General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweal, as part of the activities in his working visit to Switzerland.
Following the success of first-phase Bao Minh Industrial Park, Bao Minh Industrial Park Infrastructure Investment Joint Stock Company decided to expand its area by 50 ha to 215 ha. Vietnam Business Forum's reporter has an exclusive interview with Mr. Nguyen Van Kiem, General Director of the Company, on operation and development prospects of expanded Bao Minh Industrial Park in the coming time. Nguyen Dung reports.
Currently, Nam Dinh province has 10 industrial parks approved by the Prime Minister to be included in the Vietnam Industrial Park Development Plan, covering a total area of 2,046 ha. Six industrial parks are operational, including Hoa Xa, Bao Minh, My Trung, Rang Dong Textile and Garment, My Thuan and Bao Minh, with a combined area of 1,288.58 ha.
10/20/2021 10:06:39 AM
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Vietnamese
Ho Chi Minh City
