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During an event held by the provincial People’s Committee on March 25, Deputy PM Khai hailed the success of the province's industrial - urban - service model and urged Binh Duong to continue pursuing rapid, harmonious, inclusive and sustainable development, leaving no one behind. Chairman of the provincial People’s Committee Vo Van Minh said industry - trade - services now account for nearly 97% of the local economy. At present, Binh Duong is home to 29 concentrated industrial parks with a total land area of nearly 13,000 ha and an average occupancy rate of over 90%. During the 1997-2022 period, its gross domestic product expanded by 10.86% annually. On the occasion, the provincial People’s Committee handed over investment certificates to nearly 10 domestic and foreign companies. Representatives from Vietnam’s Becamex IDC Corporation and the investor of the Vietnam - Singapore Industrial Park (VSIP) joint venture signed deals with nine provinces - Tay Ninh, Binh Thuan, Thai … [Read more...] about Binh Duong advised to switch to smart industrial – urban – service model

Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. A factory in Dong Nai province's Giang Dien Industrial Zone. (Photo: VNA) Of the three-month figure, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in the amount of capital compared to the same period last year. Some 1.2 billion USD was added to 228 existing ones, representing a yearly hike of 3% in a number of projects and a yearly decline of 70.3% in the capital. However, foreign investors' capital contribution and share purchases rose 4% year-on-year to 798 million USD, the FIA said. Along with the contraction in fresh capital, the disbursed capital also slightly plunged 2.2% from a year earlier to 4.3 billion USD, it noted. The most significant proportion of the period's … [Read more...] about Vietnam’s foreign investment plunges 39% in Q1

Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a rich natural environment, and pleasant architecture. Phu Quoc is famous for its beautiful and dreamlike beaches. Foreigners and Vietnamese holding foreign passports benefited from a 30-day stay on Phu Quoc island exempt from requiring visas from July 1, 2020. Foreigners can enter Vietnam by air or sea and stay in transit and then transfer directly to Phu Quoc Island without requiring a visa. Hon Thom cable car, the longest of its kind in the world, is in the South of Phu Quoc island. As an isolated island located in the Gulf of Thailand, located off the southwest of mainland Vietnam, the means of transportation to Phu Quoc are very convenient with air, sea, and land routes. Tourists can use Phu Quoc International Airport Border Gate, Ha Tien International Border Gate, and … [Read more...] about Phu Quoc attracts international tourists thanks to superior visa policies

Police in Thu Duc City under Ho Chi Minh City raided the headquarters of Galaxy Debt Trading Company and Home Credit Vietnam, a consumer finance provider, over extortion and asset appropriation allegations on Tuesday. Hundreds of police officers inspected the office of Galaxy Debt Trading on the first and second floors of Linh Tay Tower in the namesake ward in Thu Duc City on Tuesday morning. In front of the building, there were many traffic police officers, mobile police officers, and security guards. Many police officers are seen at a building where Galaxy Debt Trading Company is headquartered in Ho Chi Minh City. Photo: Tuoi Tre Inside the searched facilities, the firm’s employees were asked to stop working for the inspection. The firm reportedly specializes in debt trading and financial services. On the afternoon of the same day, police cordoned off the headquarters of Home Credit Vietnam Finance Company on Nguyen Dang Giai Street in Thu Duc City’s Thao … [Read more...] about Ho Chi Minh City police search Home Credit, debt trading company