Tien Giang attracts over 310 million USD in investment

15:06 | 06/07/2018 Economy Follow Ven.vn on

The Mekong Delta province of Tien Giang lured over 7 trillion VND (over US$310 million) in 18 new investment projects in the first six months of 2018, up 9 projects and 4.47 times in capital compared to the same period last year.

Tien Giang attracts over 310 million USD in investment

Tien Giang lures over 7 trillion VND (over US$310 million) in 18 new investment projects - Photo: VNA

According to Le Van Nghia, Vice Chairman of the provincial People’s Committee, the province granted investment licences to seven new foreign direct investment (FDI) projects in the period.

Three existing projects also registered to increase capital by a total of over 212 billion VND (US$9.3 million), raising total newly-licensed and increased foreign investments to nearly 7.25 trillion VND (nearly US$319.3 million), up 2.37 times compared to the same period last year.

The provincial People’s Committee has assigned departments and sectors to build the list of investment projects, in line with the resources, strengths, and development targets of each area, thus rolling out plans to introduce and call for investment, especially for key projects with regional links.

It is hoped to contribute to generating more jobs for local residents, increasing exports, and promoting the locality’s socio-economic development in a rapid and sustainable manner.

According to Nguyen Van Dao, Chairman of the provincial Association of Enterprises, the province boasts many advantages to attract investment as it is located in the southern key economic region with a convenient transport network, as well as being abundant in workforce and natural resources.

Local officials said more attention will be paid to accelerating the administrative procedure reform, especially those related to investment, business, land, construction, the environment, and law.

Measures will be also devised to better the Public Administration Performance Index (PAPI) and the Provincial Competitiveness Index (PCI), towards attracting more investment into the locality.

VNA

See more news

Halal industry to boost Vietnam’s links with Muslim countries: official

08:46 | 17/05/2023 Economy

With sound partnerships with Muslim-majority countries, the Halal industry will become an important field of cooperation, helping further promote Vietnam’s substantive ties with such partners and contribute to common development and prosperity, said former Deputy Foreign Minister Pham Quang Hieu.

Ministry proposes solutions to boost industry, trade

06:00 | 14/05/2023 Economy

(VEN) - On April 18, the Ministry of Industry and Trade (MoIT) held an online conference of the regional industry and trade sector on solutions to boost production, business and import-export in 2023. The conference was chaired by Minister Nguyen Hong Dien, Deputy Minister Phan Thi Thang and heads of the ministry units.

Measures needed to sustain FDI growth trend: expert

09:25 | 12/05/2023 Economy

Foreign investors still put their trust in the Vietnamese economy, but it is important to take measures for sustaining the upward trend in foreign direct investment (FDI), an expert has said.

Vietnam actively contributes to ASEAN's economic priorities

09:33 | 10/05/2023 Economy

Vietnam has made positive contributions to materialising economic priorities of ASEAN in 2023, Chairman of the ASEAN Business Advisory Council 2023 (ASEAN-BAC) Arsjad Rasjid said in a recent media interview ahead of the 42nd ASEAN Summit slated for May 9-11 in Labuan Bajo, Indonesia.

Vietnam wants private sector to become driving force for economic growth

09:00 | 07/05/2023 Economy

Vietnam will focus on developing its private sector to turn it into an important driving force for the socialist-oriented market economy, contributing to rapid and sustainable socio-economic development and improving the economy's self-reliance.

Newly registered businesses peak in April

15:03 | 04/05/2023 Economy

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

OECD forecasts Vietnam’s economic growth at 6.5 percent this year

14:00 | 01/05/2023 Economy

The Organisation for Economic Cooperation and Development (OECD) has forecast that Vietnam’s economy will grow firmly, with its GDP projected at 6.5% in 2023 and 6.6% next year, according to an economic survey announced at a ceremony in Hanoi on April 26.

Low Q1 GDP growth affects annual 2023 target

06:00 | 27/04/2023 Economy

(VEN) - Vietnam’s gross domestic product (GDP) grew 3.32 percent in the first quarter of 2023 compared with the same period last year, far below the growth scenario presented in Government Resolution 01/NQ-CP. However, this was an encouraging result in the context of very low or even negative economic growth faced by other countries in the region and worldwide.

Inflation under pressure due to potential hikes in electricity prices

13:19 | 25/04/2023 Economy

At present, the Ministry of Industry and Trade is set to submit a scheme for increasing power prices, which have been kept unchanged since 2019, but that has put state utility Electricity of Vietnam (EVN) into huge financial losses.

Measures sought to promote northern key economic growth

08:15 | 22/04/2023 Economy

Measures to promote renovation and make breakthrough development for the northern key economic region were discussed at the recent economic-financial forum 2023 held recently in Hai Phong city.

Latest Most Read

CEPA Agreement: Leverage to promote Vietnam-UAE economy, trade

09:12 | 06/06/2023 Vietnam and other regions

The formation of long-term cooperation frameworks such as Comprehensive economic partnership agreement (CEPA) between Vietnam and United Arab Emirates (UAE) will provide the necessary foundations for the two sides to promote future cooperation, a Vietnamese official has said.

Police warn against illegal forex trading platforms

06:00 | 06/06/2023 Science - Technology

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

More assistance for supporting industry

06:00 | 06/06/2023 Support industries

(VEN) - According to economic experts, the development of the supporting industry needs the Government’s support through a set of cohesive and stable policies that facilitate sustainable business growth.

DKSH publishes its sixth sustainability report

15:11 | 05/06/2023 Companies

DKSH has published its 2022 Sustainability Report, outlining its revised sustainability strategy and the progress made on environmental, social, and governance-related topics. Alongside, DKSH also publishes its first Task Force on Climate-Related Financial Disclosures (TCFD) Report.

Experience healing with world-renowned practitioners at Four Seasons Resort The Nam Hai, Hoi An

14:15 | 05/06/2023 Tourism

Following its ethos of nurturing mind, body and spirit, Four Seasons Resort The Nam Hai, Hoi An continues to bring visitors more enriching experiences to return to this peaceful oasis this summer.

Central bank eases credit crunch, boosts growth

06:00 | 22/05/2023 Finance-Banking

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.

Vegetable, fruit exports: A sweet and sour challenge

06:00 | 20/05/2023 Vietnam and EU

(VEN) - Increasing world demand and the advantages of Vietnamese fruits and vegetables create vast potential for exports. However, stringent requirements of international market, especially regarding origin traceability and food safety, are confronting growers and exporters with majorThe 50th biggest fruit and vegetable exporter to the EU challenges.

New difficulties for textile, garment exports to Canada

06:00 | 21/05/2023 Vietnam and other regions

(VEN) - Canada will eliminate all remaining import duties on Vietnamese textile and garment products this year in accordance with the Pacific Rim trade deal, but the benefits could be offset by other challenges.

PM Chính discusses FDI, ODA and visas with PM Kishida

08:55 | 22/05/2023 Vietnam and other regions

The two leaders discussed specific measures to promote the extensive strategic partnership between the two countries to a new height as they held a talk on the sidelines of the expanded Summit of the Group of Seven (G7) in Hiroshima, Japan.

Enhancing Exports to China

06:00 | 23/05/2023 Foreign trade

(VEN) - Le Hoang Tai, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE), said at a recent meeting with the media that despite Vietnam's geographic advantage, exports to China require greater efforts on the part of businesses in order to adapt to Chinese standards and achieve efficient outreach.

Multimedia

Video Longform Infographic Photo

Children's artwork displayed at HCM City exhibition

06:00 | 04/06/2023 Lifestyle

The exhibition is the result of the art contest We In Me 2023 launched by the Vietnam Contemporary Visual Arts Academy (VCVAA) – an institution founded by international artist and educator Thanh Bùi to nurture young Vietnamese artistic talents.

a memorable summer with fireworks and fun festivals in da nang

A memorable summer with fireworks and fun festivals in Đà Nẵng

09:41 | 02/06/2023 Tourism

The vibrant summer days in the coastal city of Đà Nẵng will begin with the return of DIFF 2023.

Top models to compete in national modeling reality TV show

09:30 | 02/06/2023 Lifestyle

Around 20 male and female models will compete for the title of the modeling-themed reality TV series Face Vietnam 2023.

favourable visa policy urged to draw foreign tourists to viet nam

Favourable visa policy urged to draw foreign tourists to Việt Nam

06:00 | 01/06/2023 Tourism

Last year, Việt Nam welcomed more than 3.66 million foreign visitors or 73 per cent of the target.

viet nam received 46 million foreign visitors in first five months over half the years target

Việt Nam received 4.6 million foreign visitors in first five months, over half the year’s target

14:38 | 30/05/2023 Tourism

Việt Nam sets sight on eight million foreign tourists this year, but the target was made before China officially announced its reopening in early February and reallowed sending group tours to Việt Nam in mid-March.

Policy

PM issues directive to enhance data sharing for e-commerce development

09:06 | 02/06/2023 Policy

Prime Minister Pham Minh Chinh on May 31 signed Directive No. 18/CT-TTg on promoting data connection and sharing for e-commerce development, preventing tax loss, and ensuring monetary security.

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

10:06 | 25/05/2023 Policy

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.

Specific mechanisms, policies needed to drive HCM City’s growth

06:02 | 20/05/2023 Policy

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.

PM approves National Power Development Plan VIII

14:20 | 17/05/2023 Policy

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.

Industry & Trade

More assistance for supporting industry

06:00 | 06/06/2023 Support industries

Cement industry suffers financial losses during Q1

09:54 | 02/06/2023 Industry

Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Việt Nam has major opportunities to engage in global Halal industry Deputy minister

06:00 | 31/05/2023 Industry

Deputy Minister of Foreign Affairs Phạm Quang Hiệu speaks to the media about strengthening international cooperation to develop the Halal industry in Việt Nam.

Cut on automobile registration fees to facilitate auto industry

14:33 | 30/05/2023 Industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.

Investment

Vietnam – attractive destination for Italian firms: forum

13:00 | 04/06/2023 FDI

Raffaele Cattaneo, deputy minister in charge of international relations of Italy’s Lombardia region, called Vietnam a “diamond” of Asia and an attractive destination for Lombardia enterprises while speaking at a recent business and investment forum in Milan.

FDI enterprises urge investment environment improvement

06:00 | 01/06/2023 FDI

(VEN) - At an April-22 in-person meeting between Prime Minister Pham Minh Chinh and foreign investors, business and association representatives suggested that Vietnam further improve its investment environment.

Vietnam's five-month FDI rises sharply nationwide

13:03 | 29/05/2023 FDI

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.

Binh Phuoc’s potential introduced to Australian partners

10:13 | 26/05/2023 Investment

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.

Finance-Banking

SBV Governor explains high lending rates, credit room management

09:50 | 05/06/2023 Finance-Banking

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.

Important: Multi-target monetary policies needed

06:00 | 02/06/2023 Finance-Banking

(VEN) - According to Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha, the SBV’s monetary policy management has never been as difficult as it is now due to the global economic changes, while the bank must not make any mistakes upon policy issuance and application.

Dozens of commercial banks cut savings interest rates

09:31 | 30/05/2023 Finance-Banking

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

Central bank continues to reduce policy interest rates

06:12 | 27/05/2023 Finance-Banking

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

Environment

PM urges stronger wildfire prevention measures amid strong heatwaves

06:00 | 28/05/2023 Environment

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.

Vietnam targets development of green, plastic waste-free tourism

06:00 | 28/05/2023 Environment

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.

Đồng Nai afforestation programme kicks off

06:00 | 27/05/2023 Environment

NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.

New task force promotes innovation and financing for plastic waste reduction

14:30 | 26/05/2023 Environment

The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.

Science - Technology

Police warn against illegal forex trading platforms

06:00 | 06/06/2023 Science - Technology

Hanoi police have warned people against illegal foreign exchange trading platforms on the internet which have swindled many out of their money.

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav

06:00 | 04/06/2023 Science - Technology

More than 77,000 computers in Vietnam have suffered data encryption since December 2022, according to Bkav – a leading Vietnamese technology corporation that specialises in cyber security and software.

Vigorous changes in science and technology

06:00 | 03/06/2023 Science - Technology

(VEN) - In the context of deepening international integration, the industry and trade sector has undergone positive changes in scientific research and technology development.

Internet speeds up as four of five undersea cables repaired

08:56 | 02/06/2023 Science - Technology

Four out of the five international undersea cables that were damaged last year and early this year have been repaired, the Department of Telecommunications under the Ministry of Information and Communications announced on June 1.

Society

Hanoi: Agricultural development policies lack real-world effectiveness

06:00 | 04/06/2023 Metropolis

(VEN) - Hanoi's agricultural policy implementation has been sluggish, yielding limited results that fail to align with the city's potential and strengths.

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

16:23 | 26/05/2023 Society

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.

Mong Cai city imports electricity from China’s Dongxing

10:37 | 25/05/2023 Energy

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.

Seminar discusses orientations for rapid and sustainable national development

07:15 | 22/05/2023 Society

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.

Vietnamese Brands

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

09:30 | 28/05/2023 Vietnamese Brands

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.

Pfizer Vietnam, VNVC sign MoU to protect public health

09:00 | 26/05/2023 Vietnamese Brands

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.

Vietjet offers 50% discount on SkyBoss Business tickets

Tien Giang attracts over 310 million USD in investment

See also

See more news

Multimedia