Eco industrial park model

The Ministry of Transport and localities have proposed VND103 trillion (USD4.43 billion) to carry out 13 transport infrastructure projects between 2022 and 2023. The Ministry of Transport has recommended six projects worth a total capital of VND87 trillion (USD3.75 billion) which will be sourced from the government’s socio-economic recovery programme. The Ministry of Transport and localities have proposed VND103 trillion to carry out 13 transport infrastructure projects The biggest project is the eastern section of the north-south expressway which has a total investment of VND146.9 trillion. Under the ministry’s proposal, VND72.6 trillion will be taken from the government’s socio-economic recovery programme. The other projects are the Cao Lanh-An Huu, Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau expressways and Dai Nghia Bridge which will use VND6 trillion, VND1.2 trillion, VND3.8 trillion, VND2.3 trillion, VND3.5 trillion and VND4.1 … [Read more...] about VND103 trillion proposed for 13 infrastructure projects

Production at Chinese-invested Jasan Textile and Dyeing Vietnam Co., Ltd. at Hai Phong's Vietnam-Singapore Industrial Park (VSIP). (Photo: VNA) Singapore (VNA) - The Vietnamese economy picked up strongly in early 2022, thanks to a strong vaccination drive, robust global demand for its manufacturing products, momentum in domestic demand, and resilient foreign direct investment (FDI) flows. This preliminary assessment was made by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to Vietnam from May 3 - 18. “The Vietnamese economy is expected to grow at 6.3 percent in 2022 and 6.5 percent in 2023. Inflation is projected to remain contained,” said AMRO Group Head and Lead Economist Kalra. “This positive outlook rides on strong external demand, a recovery in domestic consumption and healthy investments inflows, bolstered by an appropriate macroeconomic policy stance.” The domestic outbreak of the Omicron variant receded sharply in April … [Read more...] about AMRO forecasts Vietnam’s strong recovery amidst external headwinds

Payment of the tax for June-September has been put off until November 20 following a proposal made by the Ministry of Finance earlier this month. The ministry said last year auto manufacturers saw sales plunge due to social distancing restrictions and also struggled with a shortage of semiconductors. Though the tax delay goes against Vietnam’s international commitments, the ministry said it is needed to help businesses overcome difficulties. This is the third time the tax has been postponed for the auto industry since 2020. The special consumption tax rates are 45-60 percent for passenger cars (nine seaters or less) and 15-30 percent for buses (10 to 24 seaters). For electric vehicles it is 1-15 percent. … [Read more...] about Government defers auto industry tax

Top leaders of the Party and State congratulate the coaching staff and the U-23 men’s football team of Vietnam. Vietnam U23 s beat their archrivals Thailand U23s 1-0, winning the second consecutive gold medal in men's football at the Southeast Asian Games. The rainy weather didn't stop soccer fans from coming out to cheer for the home team at My Dinh National Stadium in Hanoi. The final match also saw the presence of top leaders of the Party and State who came to support the U23 football team. Vietnam (red) faces Thailand in the SEA Games 31 men's football final at Hanoi's My Dinh National Stadium on May 22 evening. Striker Tien Linh (9) Midfielder Do Hung Dung (16), captain of the national football team Striker Nham Manh Dung (17) Striker Nham Manh Dung (17) who scored the only goal of the match. The joy of Vietnamese players after the first goal Fans flock to My Dinh National Satdium to cheer for the home team. My Dinh … [Read more...] about Great moment of Vietnam U23 Football Team

Prime Minister Pham Minh Chinh shakes hands with coach of Vietnam's U23 team Park Hang-seo after the final match on May 22 (Photo: VNA) Hanoi – Prime Minister Pham Minh Chinh on May 22 evening sent his congratulations to the men’s U23 football team and coach Park Hang-seo on their championship at the 31st Southeast Asian Games (SEA Games 31) hosted by Vietnam. In his letter, the leader recalled great moments in the final match when the team successfully defended the title at the regional sporting event after defeating their Thai rivals. He expressed his delight and appreciation for efforts, bravery, resilience, and discipline of the team, saying that it is the victory of the spirit of unity of Vietnam. The team’s victory, along with the champion of the women’s football team and achievements of athletes in other sports at SEA Games 31, has affirmed the position of Vietnamese football in particular, and Vietnamese sports in general in the region, gradually reaching out to the … [Read more...] about PM congratulates Vietnam’s U23 football team

Textile and footwear exports to the US, the EU, and Southeast Asia have grown strongly In the first four months of 2022, the two major industries that contributed to Vietnam’s total export value have recovered faster than expected in terms of production and export performance. Their combined export value surpassed $19 billion, of which the textile sector counted nearly $11.9 billion, up 22.5 per cent on-year, and that of footwear reached $7.32 billion, up 12.4 per cent on-year. Vietnam’s textile export value to the US rose sharply to $6.6 billion, up 26.8 per cent on-year, corresponding to an increase of $1.26 billion. With this result, the US market contributed up to 59 per cent to the export value of this product. In 2022, the leather and footwear industry is set to reach an export target of $23-25 ​​billion, up 10-15 per cent on-year while the textile sector aims to post $42.5-43 billion in total export value. The export value of this product group to the EU … [Read more...] about Rosy apparel and footwear exports in the year to date