Industry

Insights

02/04/2021

Vietnam Airlines to resume commercial flights to Asian destinations this week

Vietnam Airlines will reopen international commercial flights connecting Hanoi and HCMC with several Asian destinations including South Korea, Japan and Australia, starting this Saturday. The national flag carrier said flights from Hanoi to South Korea's Incheon City will depart every Thursday while there will have seven flights from Hanoi to Japan's Narita City in April, with the first scheduled to depart on April 3.

Supporting industries receiving multinational boost

The relocation of multinational corporations has accelerated the shift of foreign investment capital to Vietnam’s supporting industries to accommodate the lack of local suppliers. According to Ho Chi Minh City People’s Committee, more foreign businesses are developing projects at Saigon Hi-tech Park (SHTP) in District 9 to become suppliers for Samsung Electronics’ CE Complex (SEHC) in the city.​

Hanoi plans to begin construction of 43 industrial clusters in 2021

The capital city of Hanoi is planning to start construction of 43 industrial clusters in 2021, which were set up during the 2018-2020 period. Accordingly, the municipal People’s Committee will begin construction of one industrial cluster in Quarter 1, 23 in Quarter 2, 13 in Quarter 3, and six in Quarter 4.

Da Nang restarts 1.5 billion USD resort mega-project

The Da Nang People’s Committee announced on March 30 that a Vingroup mega-project in Lien Chau district worth 35 trillion VND (1.51 billion USD) has been restarted after years of delay. The Lang Van resort and entertainment project will span nearly 1,000 ha at the foot of Hai Van Pass in the northern reaches of the central coastal city and is expected to further boost local tourism.

Industrial land rents shoot up on rising demand, stagnant supply

Industrial land rents rose sharply in several localities last year as supply could not meet the high demand caused by global manufacturers shifting in numbers to Vietnam. In the north, average rents rose by 15.1 percent to $76 per square meter in Hai Duong Province, 13.1 percent to $129 in Hanoi, and 9.2 percent to $95 in Bac Ninh Province, according to a recent report by real estate consultancy Savills Vietnam.

Vietnam studies legal framework for cryptocurrencies. Here’s why

Vietnam’s Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in the country, Vietnam News reported. The ministry said on Tuesday a research group in charge of studying virtual assets and currencies had been set up and started to study and develop the legal framework for the management of cryptocurrencies.

Vietnam continues to represent safe and attractive destination for investors

Following a series of recent projects worth billions of US$ pouring into the nation, the Vietnamese market remains both a safe and attractive destination for foreign financiers, according to data released by the Foreign Investment Agency. Foreign investment in the country has rebounded in recent times, with the Mekong Delta province of Long An being officially granted the investment registration certificate for LNG Long An I and II Gas Power Project.

The Prime Minister signed the Resolution to remove problems  VND10,000 billion project.

The People's Committee of Ho Chi Minh City is responsible for paying investors and reviewing and eliminating unreasonable costs to complete the project of flood prevention and tide prevention VND 10,000 billion.

Becamex VSIP Binh Dinh elevates economic development in central region

Breaking ground in September 2020, Becamex VSIP Binh Dinh Township and Industrial Park is gradually proving its leading role in attracting investment into the province, promising to contribute to the economic development of Binh Dinh and the central region at large.    

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