Belgium-invested industrial zone Deep C begins expansion in Hai Phong city
The Deep C service complex project phase 2, part of Deep C Industrial Zones, in Hai Phong city commenced on Wednesday in the northern port city of Hai Phong.
The groundbreaking ceremony for the facility was attended by Hai Phong Vice Chairman Nguyen Duc Tho and Minister-President of the Government of the Belgian region of Flanders Jan Jambon.
Belgium-based Rent-A-Port is the investor of Deep C Industrial Zones, a cluster that includes three industrial zones in Haiphong and two in neighboring Quang Ninh province.
Deep C Industrial Zones is the biggest investment in Vietnam by a business based in Flanders.
The service complex includes offices, conference rooms, restaurants, event zones, and parking areas for serve businesses, experts, and workers at the zones. It is designed to meet the LEED gold standards for green building certification.
The first phase of the project was completed and put into operation in the first quarter of 2022. The expansion is part of Deep C’s efforts to become the first eco-friendly industrial park in Vietnam.

Deep C Industrial Zones conducted a groundbreaking ceremony for its service complex phase 2 in Hai Phong city, northern Vietnam, September 13, 2023. Photo courtesy of Hai Phong's news portal.
Speaking at the ceremony, Deep C Industrial Zones CEO Bruno Jaspaert emphasized that the facility will continue its sustainable development, corporate social responsibility, and economic efficiency objectives.
So far, Deep C Industrial Zones has attracted 152 investment projects with total registered capital of $5.5 billion. Belgian businesses have eight projects in Hai Phong city with total registered capital of $556 million.
On the same day, Hai Phong authorities hosted a seminar on sustainable infrastructure and smart logistics, focusing on economic cooperation between Vietnam and Flanders. At the event, Deep C Green Energy (Vietnam) Company Limited, a joint venture between Deep C Industrial Zones and Japan’s Tepco Power Grid Inc., and Polarium Vietnam Company Limited, a tenant in the industrial zone, signed an agreement on the purchase of renewable energy certificates that will help the latter operate fully on renewable energy.
On Tuesday, Jan Jambon, during his ongoing Vietnam on the occasion of 50 years of the Vietnam-Belgium partnership, had a meeting with Prime Minister Pham Minh Chinh. He affirmed Flanders always considers Vietnam a prioritized partner and would boost cooperation in transportation, seaport logistics, high technology, renewable energy, digitalization, smart agriculture, and others.
In reply, PM Chinh urged Flanders to push the ratification of the Europe-Vietnam Investment Protection Agreement (EVIPA) and import more Vietnamese goods.
- Read More
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7