Additional four industrial parks established in Binh Phuoc

Additional four industrial parks, Binh Phuoc Province, job creation, local laborers, exemption of enterprise income tax, import duty for machinery.
Four new industrial parks include 438-hectare Ledana facility, 300-hectare park and 348-hectare Hoa Lu in the Hoa Lu border-gate economic zone in Loc Ninh border district and 6,317-hectare Dong Phu park in Dong Phuc District.
Additionally, the province authority will expand three industrial parks 577.63-hectare Minh Hung III in Chon Thanh District, 317-hectare Bac Dong Phu and 480-hectare Nam Dong Phu in Dong Phu District. Industrial parks are eligible for enjoying exemption of enterprise income tax, import duty for machinery.
The local administrations will support companies in the industrial parks by building connection paths to main roads, waste treatment and the supply of water and power.
Currently, 11 industrial parks are located in Binh Phuoc Province attracting 334 secondary projects including 232 foreign-invested projects and 102 locally-invested projects. Some 171 enterprises have been operating creating 66,200 jobs for local laborers.

By Hoang Bac – Translated by Anh Quan

News Related


Vinh Hoan plans to go backwards, expected profit at 700 billion

Vinh Hoan (HoSE: VHC) has just released documents of the 2021 AGM, which is expected to have a combined revenue plan of VND 8,600 billion, an increase of 22% and profit after tax… Read more »

It is difficult for VEAM to switch stock exchange

Net revenue and profit of VEAM over the years. If VEAM does not work to resolve this issue to remove the exception of the auditor, it will be difficult for VEAM to move… Read more »

General Director of MBS: Will not compete at all costs

MBS’s AGM morning April 10. Photo: Dung Minh (ĐTCK) In the discussion with the 2021 Annual General Meeting of Shareholders (MBS) on the morning of April 10, Mr. Tran Hai Ha, General Director… Read more »

Habeco (BHN): Wide open door to growth recover

(ĐTCK) The initiative to offer business solutions to respond to and overcome the most difficult business environment ever to be evaluated will be the basis for Beer – Alcohol – Beverage Corporation. Hanoi… Read more »

Busy bank’s shareholder meetings in second half of April

Accordingly, right next week, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) will hold its annual shareholder meeting on April 16 in Hanoi. Next, VietinBank, Saigon – Hanoi Commercial Joint Stock… Read more »

More than $ 7 billion will flow to real estate businesses through bond channel in 2020

According to Dragon Capital Vietnam Investment Fund, in 2020, the champion of bond mobilization belongs to the group of real estate businesses with a total value of more than 163,000 billion VND (equivalent… Read more »

5 more routes to Phu Quoc

Thus, up to now, Vietjet Air has opened 10 routes from provinces, cities to and from Phu Quoc, including: Hanoi, Hai Phong, Vinh, Da Nang, Ho Chi Minh City, Thanh Hoa, Nha Trang,… Read more »

Golf course construction a bone of contention in Vietnam

Dozens of golf courses have been built and put into operations across Vietnam over the past few years, while many others are in the making. A total of 75 golf courses are being… Read more »

Lao-Viet International Port receives first container ship

The first container ship received at Lao-Viet International Port (Vung Ang Port). NDO – Lao-Viet International Port JSC and Tan Cang Shipping held a ceremony on April 10 to receive the first container… Read more »

Promoting human resources in material industry to meet demand of industrialisation

Politburo member and Chairman of the Party Central Committee’s Economic Commission Tran Tuan Anh speaking at the conference. (Photo: VNA). NDO – Vietnam should take a new mindset and approach to developing human… Read more »

Da Nang to develop international finance centre

A corner of Da Nang city (Photo: VNA) Da Nang (VNS/VNA) – The People’s Committee of central Dang Nang city and the Import-Export Pan Pacific Group (IPPG) has signed a Memorandum of Understanding… Read more »

Development of logistics industry needs outstanding mechanism, policy support

Tan Cang – Cat Lai Port in Thu Duc City. (Photo: SGGP) Small-scale logistics enterprises The country currently has about 4,000 professional enterprises. Of which, the leading multinational logistics enterprises in the world… Read more »

Sea grape cultivation thrives in coastal provinces

Sea grape producers in south central Khanh Hoa province are now paying more attention to process and package to better attract domestic and overseas consumers. (Photo: VNA) Khanh Hoa (VNS/VNA) – Sea grape cultivation… Read more »

Farmers in Southeast provinces have bad crop of cashew

Preliminary processing of cashew for export at Hoang Linh Linh Company Limited in Cam My District in Dong Nai Province. (Photo: SGGP) Cashew productivity mainly depends on the weather Binh Phuoc Province is… Read more »

Vietjet connects Phu Quoc with Thanh Hoa, Da Lat, Nha Trang, Hue, Can Tho

A plane of Vietjet (Photo: VNA) HCM City (VNA) – Accompanying with Phu Quoc to welcome tourists, Vietjet operates a series of flight routes connecting domestic destinations to the beautiful Pearl Island. In… Read more »

Vietnamese authority not informed of LG’s reported plan to sell local smartphone plant

A relevant Vietnamese authority said it has not been officialy informed about LG’s reported plan to sell its smartphone plant in the northern city of Hai Phong for over US$89 million. Le Trung Kien,… Read more »

Vietnamese rural consumers increase online shopping

Nearly half of internet users in rural areas have got online shopping activities, especially they dig in information about products through chatting with the store, watching live shopping or reading reviews before deciding… Read more »

MoIT proposes 35 percent cap on foreign investment in petrol market

A petrol station of Petrolimex (Photo: VNA) Hanoi (VNS/VNA) – The Ministry of Industry and Trade (MoIT) has proposed a 35 percent cap on foreign investment in local oil and petrol businesses, but… Read more »

Investment policy for infrastructure in Hoa Lu Industrial Park approved

Hoa Lu Border-Gate Industrial Park covers an area of 348.32 hectares in Loc Tan and Loc Thanh communes in Loc Ninh District, with an investment of nearly VND1.12 trillion. Of which, the capital… Read more »

HCM City receives 1.45 billion USD of remittances in Q1

A view of HCM City (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City received 1.45 billion USD of overseas remittances in the first three months of this year, up 10 percent over… Read more »

Socio-economic bright spots during 2016-2021

VNA Read more »

Foreign merchants register to purchase lychees in Vietnam

There are 167 Chinese merchants who have registered with northern Bac Giang Province’s Luc Ngan District to enter Vietnam in May and June to buy lychees from the district, as of April 6,… Read more »

Ho Chi Minh City supports 0% interest rates for key industries, high technology

The seminar was organized by the Central Economic Committee in collaboration with the Ministry of Science and Technology and the National University of Ho Chi Minh City in the morning of April 10.… Read more »

Poor logistics hinder Mekong Delta agri exports

“Logistic costs accounts for 30 percent of product price, which is an unreasonably high proportion. In Thailand the figure is 12.5 percent, and the average global figure, 14 percent. This hinders Mekong Delta… Read more »

Thailand’s top coffee chain to expand in Vietnam

A spokesperson said recently the chain sees long-term potential in Vietnam and will expand in Ho Chi Minh City and neighboring provinces this year, but did not reveal specific figures. The chain opened… Read more »

Digital challenge forum launched to seek solutions to social issues

The Ministry of Information and Communications (MIC) has launched the Vietnam digital technology challenge forum as part of the activities to introduce Vietnamese-made platforms to serve in driving national digital transformation. Deputy Minister… Read more »

Ministry of Defense talked about the construction progress of Phan Thiet airport

At the first quarter of the Ministry of Defense press conference on April 9, the press questioned the project of Phan Thiet dual-use airport (Binh Thuan province). The project was started in early… Read more »

Local banks earn high profits in Q1

A customer at a Vietcombank branch in Hanoi. (Photo: Hanoi (VNS/VNA) – In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19… Read more »

Dragon Capital raises stake in Hoa Phat Group

It bought them on the market on April 6 when HPG was trading at around VND49,400, which puts the value of the deal at around VND59 billion ($2.56 million). The Vietnam-focused Dragon Capital… Read more »

Mr. Dang Thanh Tam: ‘After a very long time, KBC will return to itself today ‘

Sharing the opening of the 2021 Annual General Meeting of Shareholders, Mr. Dang Thanh Tam, Chairman of the Board of Directors of Kinh Bac Urban Development Corporation (HoSE: KBC) shared that after a… Read more »

Sand mine on southern Vietnamese river sold at nearly $122 million

An auction has raised numerous questions among the public as a Ho Chi Minh City-based enterprise has won the right to exploit a sand mine on the Tien River after offering a purchase… Read more »

CEE signed a contract of more than 300 billion with parent company CII

CII Infrastructure Construction Joint Stock Company (CEE, HoSE) has a policy of signing a cooperation contract with the parent company, Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company (CII). CII is… Read more »

Hoang Anh Gia Lai International Agriculture approved the stock issuance documents to swap debt

(ĐTCK) Hoang Anh Gia Lai International Agriculture Joint Stock Company (Stock code: HNG – HOSE) approved a private share issuance. Accordingly, the enterprise announces through the dossier of the plan to issue private… Read more »

VinCommerce is on track, aiming to serve 30-50 million consumers

After the acquisition of VinCommerce in December 2019, Masan has recorded a loss of more than $ 100 million from VinCommerce. However, Masan management at the moment still expressed confidence in the potential… Read more »

Billionaire Tran Dinh Long expects to complete procedures soon to start ‘super project’ of Dung Quat 2 Steel

In a message to recent shareholders, Mr. Tran Dinh Long, Chairman of Hoa Phat Group Joint Stock Company (HoSE: HPG) said that by 2020, the Covid-19 epidemic swept on a global scale, going… Read more »

PV Power’s profit in first quarter was 720 billion VND after divestment of PVM

Although the revenue decreased by 4% compared to the first quarter of 2020, the profit after tax in the first quarter of 2021 of PV Power still increased 42.5% after the divestment deal… Read more »

Aviation market is not perfect, floor prices only distort it

The current Vietnamese aviation market is not yet perfectly competitive when a few airlines dominate the entire supply. What to do is to encourage competition for consumers to benefit. If the floor price… Read more »

HCM City works to attract investors

A view of HCM City from the Saigon River (Photo: VNA) HCM City (VNA) – HCM City is taking urgent steps to tackling any and all difficulties to create a favourable business environment… Read more »

Businesses begin recruitment race post-pandemic

Workers at a textile and garment company in Tan Do Industrial Park in the southern province of Long An. Photo by VnExpress/Quynh Tran. Nidec Servo Vietnam Corporation, an electronic components manufacturer in HCMC’s… Read more »

HCMC bourse temporarily suspends listing of new stocks

All approved listings will temporarily go to the Hanoi Stock Exchange and return to HoSE after the system is upgraded. In recent months, with investors flocking to trade in humongous numbers, the 20-year-old… Read more »

Hanoi metro to begin commercial operations this month

The Ministry of Transport and the Hanoi People’s Committee are working to wrap up the final details based on recommendations by French safety consultancy consortium Apave-Certifier-Tricc so that the metro could be handed… Read more »

Measures discussed to boost agricultural logistics in Mekong Delta

The seminar on agricultural logistics in the Mekong Delta NDO – The Mekong Delta province of Hau Giang held a seminar on April 9 with the participation of over 200 delegates who came… Read more »

Why banks’ profits surged?

Of the 10 or so lenders who have released their earnings figures for the first quarter, most have seen profits rise by over 50 percent with some even doubling or tripling them. VietinBank’s… Read more »

The challenges awaiting Vietnam's new Minister of Industry and Trade

Unlike other newly appointed ministers, who have already spent time in their ministries, Dien took office as an outsider without any such experience. He had earlier worked in culture and propaganda and was… Read more »

Processing industry leads Q1 export growth

(Photo: VNA) Hanoi (VNA) – Shipments of products from the processing industry brought in about 67.39 billion USD in the first quarter of this year, representing 87.13 percent of Vietnam’s total export value… Read more »

Special fruits of Son La Province to be sold in e-commerce platforms

The Ministry of Industry and Trade’s sub-divisions in coordination with authority in Son La Province yesterday organized the event “Day of Son La specialties” to advertise special fruits and agricultural products of the… Read more »

Agricultural exports set to reach US$50 billion by 2025

Read more »

Agricultural exports set to reach 50 billion USD by 2025

VNA Read more »

New securities trading accounts reach record high

The figure broke the record of 86,017 set in January, according to the Vietnam Securities Depository (VSD). The stock market saw nearly 258,000 new trading accounts opened in the first quarter, accounting for… Read more »

Vietnam Airlines’ proposal to set floor airfares affects recovery of Vietnam tourism industry

The recent proposal of the national flag carrier to set floor prices for air tickets will affect the tourism industry which is struggling to recover, local experts said.  Vietnam Airlines’ proposal to set… Read more »