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MANUFACTURING GROWTH REMAINS ELEVATED IN AUGUST
Vietnamese manufacturers registered further expansions in production output and new orders midway through the third quarter. The S&P Global Vietnam Manufacturing Purchasing Managers’ Index™ (PMI®) posted 52.4 points in August, down from 54.7 points in July but still signalling a solid monthly improvement in business conditions midway through the third quarter. Operating conditions have now strengthened in each of the past five months. The improvement in the health of the manufacturing sector reflected further rapid increases in output and new orders, with … Continue reading MANUFACTURING GROWTH REMAINS ELEVATED IN AUGUST
LONG THANH INTERNATIONAL AIRPORT’S ROAD TO SUCCESS PAVED WITH OBSTACLES
Long Thanh International Airport in Dong Nai province is expected to give southeast Vietnam an economic boost when it opens in 2026, but this opportunity will arrive with multiple challenges. According to Secretary of Dong Nai Party Committee Nguyen Hong Linh, there are five challenges the province will face. These include sourcing qualified workers, completing transport infrastructure and airport urban infrastructure, developing products and services for flight operations, environmental issues and economic security, and tackling high-tech crime. Roads connecting the airport … Continue reading LONG THANH INTERNATIONAL AIRPORT’S ROAD TO SUCCESS PAVED WITH OBSTACLES
SOUTHEAST REGION MAY GAIN SPECIALISED FDI POLICIES
The southeast of the country could be offered specific mechanisms to create a solid foundation for high-quality foreign investment influx. Southeast region may gain specialised FDI policies, Photo: VNA The Ministry of Planning and Investment (MPI) is collecting opinions of ministries and localities in the southeast region for the draft plan to implement the region’s master plan towards 2030 and beyond. The MPI is also completing a drafting report which proposes specific policies for socioeconomic regions, which will then be … Continue reading SOUTHEAST REGION MAY GAIN SPECIALISED FDI POLICIES
BARRIERS MUST BE REMOVED FOR VITAL TRANSPORT INFRASTRUCTURE
The government has demanded site clearance for national transport projects to be accelerated, in order to boost public investment disbursement. Barriers must be removed for vital transport infrastructure Last week, Prime Minister Pham Minh Chinh issued an official telegram calling for “the highest sense of responsibility and the full engagement of the entire political system” to accelerate site clearance for national key transport projects. “This is a complex stage as it is closely linked to the production, business, and livelihood … Continue reading BARRIERS MUST BE REMOVED FOR VITAL TRANSPORT INFRASTRUCTURE
UPDATE ON MARKET TRENDS OF INDUSTRIAL PARKS IN VIETNAM
Vietnam’s industrial parks development has seen tremendous growth, driven by global shihs in manufacturing and foreign direct investment (FDI). With over 400 industrial parks and numerous economic zones, Vietnam is positioning itself as a leading destination for industrial development in Southeast Asia. This blog post will explore the overview and the latest trends in Vietnam’s industrial development with insights from key industry players. Table of Contents Overview of Vietnam’s Industrial Park Development State and Development of German Investments in Vietnam … Continue reading UPDATE ON MARKET TRENDS OF INDUSTRIAL PARKS IN VIETNAM
INCHEON INTERNATIONAL AIRPORT EXPANDS OPERATION TO VIET NAM
The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam’s new Long Thanh International Airport. Incheon International Airport expands operation to Vietnam, Illustrative image (Photo: VNA) Seoul – The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam’s new Long Thanh International Airport. Long … Continue reading INCHEON INTERNATIONAL AIRPORT EXPANDS OPERATION TO VIET NAM
FINANCE MINISTRY PROPOSES LOWER TAX RATE FOR MICRO AND SMALL ENTERPRISES
To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent. Workers at an electronic factory in the southern province of Dong Nai (Photo: VNA) Hanoi – To support micro and small enterprises to accumulate capital … Continue reading FINANCE MINISTRY PROPOSES LOWER TAX RATE FOR MICRO AND SMALL ENTERPRISES
HONG KONG’S EXPERTISE TO HELP DEVELOP HO CHI MINH CITY
During his visit to Vietnam from July 31–August 2, Hong Kong chief executive John Lee expressed his willingness to share the special administrative region’s experience of building a global a financial centre with Ho Chi Minh City. John Lee, Hong Kong chief executive In addition to financial centre development, Lee aims to enhance cooperation with Vietnam in trade, investment, finance, banking, tourism, aviation, and emerging sectors such as innovation and technology, sustainable development, and green finance. Recognising Vietnam as a … Continue reading HONG KONG’S EXPERTISE TO HELP DEVELOP HO CHI MINH CITY
VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
Vietnam reported more than $18 billion in foreign direct investment (FDI) in the year to July 20, an on-year increase of 10.9 per cent, according to data from the Foreign Investment Agency under the Ministry of Planning and Investment. In the first seven months of 2024, 1,816 new projects were granted investment registration certificates, with the total registered capital of over $10.76 billion, up 11.6 per cent in the number of projects and up 35.6 per cent on-year in terms of … Continue reading VIETNAM REPORTS $18 BILLION IN FDI BETWEEN JANUARY AND JULY
