Northern Vietnam province okays Taiwan’s $120 mln fan manufacturing investment
Thai Binh province has licensed Taiwanese-invested Yuan Long International Limited's $120 million project to manufacture ceiling fans and fan components.
Covering 15.6 hectare in Lien Ha Thai Industrial Park, the Yuan Long Vietnam factory is set to enter first-phase production in the fourth quarter of 2025 and second-phase operation in Q4/2028. It will employ 4,500 people.
The project is expected to earn annual revenue of VND3,200 billion ($125.9 million). It can pay VND269 billion ($10.6 million) to the state budget yearly once the preferential treatment ends, according to Thai Binh industrial zones authority.
In the first 10 months of this year, economic zones and industrial parks in Thai Binh province attracted investments of $727 million, including 25 new projects with total registered capital of $660 million.
Thai Binh province allured $958 million in foreign direct investment (FDI) in the period, up 71% year-on-year, according to the Ministry of Planning and Investment. The figure included $948.2 million from 34 new projects.
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Companies - Thu, November 7, 2024 | 11:43 am GMT+7
Vietnam President to attend APEC in Peru, first overseas trip since inauguration
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Politics - Thu, November 7, 2024 | 10:19 am GMT+7
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Economy - Thu, November 7, 2024 | 9:36 am GMT+7
Vietnam hydropower firms see robust Q3 profit growth
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Finance - Thu, November 7, 2024 | 8:03 am GMT+7
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Southeast Asia - Wed, November 6, 2024 | 10:51 pm GMT+7
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Companies - Wed, November 6, 2024 | 7:34 pm GMT+7
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Companies - Wed, November 6, 2024 | 4:45 pm GMT+7
VN-Index up 15 points on hopes for Trump victory
Vietnam’s benchmark gained 15.52 points, or 1.25%, to 1,261.28 on Wednesday, supported by investor expectations of Trump re-election as the 47th President of the US, the world’s largest economy.
Finance - Wed, November 6, 2024 | 4:10 pm GMT+7
Vietnam embraces new wave of investments: HSBC exec
Embracing new investment flows is in the interest of Vietnam and will support the country’s advancement higher up in the value-added ladder across industries and sectors, writes Joon Suk Park, head of international subsidiary banking, wholesale banking, HSBC Vietnam.
Opinion - Wed, November 6, 2024 | 3:44 pm GMT+7
Vietnam posts $23.3 bln trade surplus in Jan-Oct, FDI sector $42.9 bln
Vietnam posted a trade surplus $23.31 billion in the first 10 months of this year, with the foreign direct investment (FDI) sector making a trade surplus of $42.92 billion.
Economy - Wed, November 6, 2024 | 3:25 pm GMT+7
Vietnam listed banks’ bad debt up $2.3 billion in 9 months
The bad debt of listed banks in Vietnam continued to grow during the first nine months of 2024, with some seeing it increase as much as 70% from the end of 2023.
Banking - Wed, November 6, 2024 | 3:14 pm GMT+7
AI tool to help Vietnam curb tax evasion by e-commerce platforms: Deputy PM
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Economy - Wed, November 6, 2024 | 2:12 pm GMT+7
Cambodia announces new initiative to encourage use of local currency
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Southeast Asia - Wed, November 6, 2024 | 2:02 pm GMT+7
Thailand, Turkey agree to resume FTA negotiations
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Southeast Asia - Wed, November 6, 2024 | 2:00 pm GMT+7
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Southeast Asia - Wed, November 6, 2024 | 1:58 pm GMT+7