Quang Ninh (VNA) - Investment in industrial parks (IPs) and economic zones (EZs) has become a new driver of growth in the northeastern province of Quang Ninh, with local authorities issuing various policies to attract investors. According to experts, Quang Ninh is considered a strategic investment destination in Vietnam’s northern region and an important link in the Hanoi - Hai Phong - Quang Ninh northern economic growth triangle. The province possesses major advantages, with Van Don district to become a multi-sectoral marine economic zone and an entertainment centre, with a casino, high-end sea-island tourism, and general services. The province has planned to develop eleven IPs and four EZs that together span over 368,000 ha, accounting for more than 30 percent of Quang Ninh’s total natural area. Six of the 11 IPs have already been issued investment registration certificates and have infrastructure invested in and leased. Investors have so far poured about 27.35 … [Read more...] about Industrial parks, economic zones create new growth momentum in Quang Ninh
Island development agency
Kien Giang (VNA) - The Mekong Delta province of Kien Giang has earmarked 680 million VND (29,300 USD) to provide relief for households affected by natural disasters in five districts so far this year. It plans to provide 4.5 million VND (200 USD) each to households in which someone was killed in a natural disaster and 1.5 million VND if someone was injured. The province will provide 2.4-6 million VND (105-260 USD) to 76 families whose houses were flattened and 500,000-2 million VND (21-260 USD) to 136 households who lost their roof. Natural disasters have killed one person and injured two this year. Heavy rains and strong winds destroyed, inundated or blew the roof off 632 houses. They have damaged thousands of hectares of rice and other crops. Strong winds sank 11 boats at sea. Strong waves and high tides have eroded coastal dykes, especially in the west in An Minh district’s Van Khanh Tay commune. In all, natural disasters have caused estimated losses of 11.5 billion … [Read more...] about Kien Giang to provide aid to households affected by natural disasters
Pham Anh Duc, Director of the Binh Thuan branch of the Vietnam Bank for Social Policies, said over the past 5 years, the branch has disbursed 3.15 trillion VND for over 140,000 poor households, near-poor households and other policy beneficiaries to develop production and business.poor households have received support to build their houses; and nearly 10,000 households living in disadvantaged areas have got loans to invest in production and business./. … [Read more...] about When the Party’s Directive 40 spreads in life!
Quang Ninh has proactively invested in infrastructure development, particularly in transport, according to Secretary of the provincial Party Committee Nguyen Xuan Ky. Total investment under the public-private partnership (PPP) model in transport over the last five years stands at nearly 50 trillion VND, Ky said, with only about 9 percent sourced from the State. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
Gautam Adani, the founder and chairman of Adani Group, attributes the group’s high ranking directly to Adani's commitment to building the necessary infrastructure to play a part in a clean energy future. Over the course of the next decade, some existing business models will be affected by disruptions caused by plummeting costs of renewable energy, coupled with the changing ability of technologies in comparison to the scale of industries. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10