Illustrative image (Photo: VNA) Hanoi (VNA) – With its advantages and thorough preparation in terms of infrastructure, transport and human resources, after the COVID-19 pandemic is put under control, the key southern economic region remains the leading destination for foreign direct investment (FDI) flows. Localities in the region have also organised investment promotion workshops to popularise Vietnam’s investment environment and its advantages and potential. In mid-May, Pandora, a Danish jewelry manufacturer, announced that it will invest 100 USD million to build a new facility in the Vietnam Singapore Industrial Park (VSIP) in the southern province of Binh Duong under a memorandum of understanding signed between two sides. Jeerasage Puranasamriddhi, Chief Supply Officer of Pandora group, said they have chosen Binh Duong province for the availability of skilled workforce, its infrastructure and proximity to international airports, adding that the enthusiasm, support and … [Read more...] about Key southern economic region a magnet for FDI
Lotte mart binh duong
Forum seeks to promote investment from Australia into Vietnam
Female workers make shoes at Song Than Industrial Park in Binh Duong province’s Di An city. (Photo: VNA) Sydney (VNA) – The Vietnamese Embassy in Australia, the People’s Committee of Binh Duong province and the Victoria state government jointly held a Vietnamese business forum on May 24, aiming to introduce the potential and investment opportunities in the southern Vietnam province. Binh Duong province in particular, particularly those on support for small and medium enterprises. Business Forum in Melbourne, Victoria. Australia 's second largest trading partner with bilateral turnover reaching 113.7 billion AUD (more than 80 billion USD) in 2019-2020. Investment from both sides hit over 259 billion AUD and 242 billion USD in 2019 and 2020, respectively. VNA … [Read more...] about Forum seeks to promote investment from Australia into Vietnam
Dong Nai to contribute $111 mln to expressway linking with beach town Vung Tau
The sum, approved Tuesday by provincial legislators, is half of the total cost needed for clearing that section. Stretching almost 54 kilometers (33 miles), Bien Hoa – Vung Tau Expressway will connect the southern industrial provinces of Dong Nai and Ba Ria-Vung Tau, which are home to several seaport logistics complexes. It will run 34.2 kilometers across Dong Nai. Ba Ria – Vung Tau, home to beach town Vung Tau, had previously agreed to pay VND670 billion, or half the cost to clear the provincial section site. The rest of the sum for site clearance will be extracted from the state budget. As approved, the expressway will cost around VND18 trillion of the public funds and be completed by 2025. In its first phase, the route will have four to six lanes and allow vehicles to travel at 100 kph. It is one of three expressways the government plans to build to meet the urgent transportation needs of the southern key economic region, which comprises Ho Chi Minh City and the … [Read more...] about Dong Nai to contribute $111 mln to expressway linking with beach town Vung Tau