Quang Ngai to focus on smart urban investment
Quang Ngai is utilizing resources from the budget and businesses to invest in smart urban areas, with a target of developing the central province into a top-tier locality.
Quang Ngai town, capital of Quang Ngai province, is set to develop three urban areas: a historical urban area, low-density urban area, and coastal urban area.
The town and the province's coastal areas are suitable for agriculture, including fruit, vegetables, fish and rice. They will also feature urban localities and training centers which connect to industrial zones in the northern part of the province, Chu Lai airport and major seaports in the central region.
The coastal urban area will include localities in the north and south of Tra Khuc River which are set to form Quang Ngai town's sea-oriented tourism center.
Quang Ngai town is the economic hub of the province, home to Dung Quat Economic Zone. Its locomotive economic zone, including an urban cluster and service center, will stretch along the Dung Quat-Sa Huynh coastline, featuring the Quang Ngai, Binh Chau, Sa Ky, and My Khe coasts.
With an emerging urban population of 450,000 people, Quang Ngai town can boost the provincial night-time economy, tourism, and services along Tra Khuc River.
Quang Ngai's economic research team proposed the province build four economic corridors, namely the North-South corridor (Dung Quat-Quang Ngai town-Sa Huynh); the inner corridor Ba Vi (Ba To)-Son Ha-Son Tay-Tra Bon; the Ly Son-Dung Quat-Tra Bong-Tra My corridor along National Highway 24C connecting with Tra My and Nam Giang border gate (Quang Nam); and the Sa Huynh-Ba To-Bo Y-Ngoc Hoi corridor along Highway 24 (East-West corridor south of the province).
The North-South corridor is the Dung Quat Economic Zone-Quang Ngai town-Tu Nghia-Mo Duc-Duc Pho economic axis, connecting with the Dung Quat-Chu Lai region and Chu Lai airport. Its key tasks are to link service, urban and economic areas with coastal deltas to boost agricultural, commercial, urban and industrial growth.
It also serves as a tourism hub connecting with Binh Chau, Sa Ky, Tinh Ky, My Khe, My A, Sa Huynh, and Chau Me beaches. Besides, it can facilitate sectors of aquaculture, maritime traffic, and maritime tourism, while ensuring national defense.
To realize these targets, Quang Ngai province has been focusing on upgrading its road traffic infrastructure, including routes related to National Highway 24B, inter-district roads, and provincial roads.
“Quang Ngai strives to develop green urban areas. We will prioritize developing urban areas which are driving forces of growth, traffic systems, water supply systems, and waste treatment systems,” said Tran My Ai, director of the provincial Department of Planning and Investment.
- Read More
Indonesia launches 37 energy projects
Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on Monday as the country is on track to achieve energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:02 pm GMT+7
Indonesia optimistic about ending fuel imports in five years
Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:00 pm GMT+7
Thailand eyes cryptocurrency to boost economy
Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.
Southeast Asia - Tue, January 21, 2025 | 9:59 pm GMT+7
Indonesia launches international carbon trading platform
Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.
Southeast Asia - Tue, January 21, 2025 | 9:58 pm GMT+7
Indonesia to tender new oil & gas blocks, reduce LPG imports
Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.
Southeast Asia - Tue, January 21, 2025 | 9:56 pm GMT+7
Vietnam's leading private lender Techcombank books record profit in 2024
Techcombank, a major private lender in Vietnam, posted VND27.5 trillion ($1.09 billion) in pre-tax profit in 2024, up 20.3% year-on-year and an all-time high.
Banking - Tue, January 21, 2025 | 9:48 pm GMT+7
Vietnam, France should partner in deep processing of strategic minerals, metals: Deputy PM
French and Vietnamese enterprises should pilot cooperation in mining and deep processing of strategic minerals and metals, said Deputy Prime Minister Tran Hong Ha.
Economy - Tue, January 21, 2025 | 9:30 pm GMT+7
Bamboo Capital Group redeems over $15.7 million worth of bonds before maturity
Bamboo Capital Group (HoSE: BCG), a Vietnamese private multi-sector corporation, has completed the first phase of redeeming bonds worth VND397.16 billion ($15.72 million), in line witth its roadmap to buy back VND500 billion worth of bonds two years before maturity.
Bamboo Capital - Tue, January 21, 2025 | 8:02 pm GMT+7
Central Vietnam province Khanh Hoa seeks growth momentum from FDI
The south-central coastal province of Khanh Hoa is diversifying approaches to attract foreign direct investment (FDI), with several major projects to be launched, according to the provincial mayor.
Industries - Tue, January 21, 2025 | 4:33 pm GMT+7
Two leading Vietnamese brokers report steep profit declines in Q4/2024
Saigon Securities Inc. (HoSE: SSI) and VnDirect Securities (HoSE: VND), the two largest brokerage firms in Vietnam by charter capital, experienced a sharp decline in net profit in the fourth quarter of 2024.
Companies - Tue, January 21, 2025 | 3:39 pm GMT+7
More M&A deals expected in Vietnam’s plastics industry: association chairman
Foreign companies will face challenges acquiring land and making greenfield investments in plastic factories in Vietnam, prompting them to enter the market via acquisitions, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber and Plastics Association.
Companies - Tue, January 21, 2025 | 3:12 pm GMT+7
New rules on securities, banking ownership limitations in Vietnam
Vilaf law firm analyzes the newly-promulgated rules related to the amendments and supplements to the Law on Securities 2019; the roadmap to ensure compliance with ownership limitations of the Law on Credit Institutions 2024; and the amendments of regulations on certificates in insurance sector.
Consulting - Tue, January 21, 2025 | 1:52 pm GMT+7
Vietnam, Czech elevate ties to strategic partnership
Vietnam has become the first Southeast Asian country to have a strategic partnership with the Czech Republic.
Politics - Tue, January 21, 2025 | 10:34 am GMT+7
Vietnam seaport firms report strong profits in 2024
Many seaport companies in Vietnam have logged significant profit increases for 2024 compared to the previous year.
Companies - Tue, January 21, 2025 | 8:17 am GMT+7
ASEAN members agree to build safe digital environment
Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call center gangs are urgent issues that require a collective effort to address.
Southeast Asia - Mon, January 20, 2025 | 8:20 pm GMT+7
Thailand to have first FTA with Europe’s trade bloc EFTA
A free trade agreement between Thailand and the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on Thursday, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.
Southeast Asia - Mon, January 20, 2025 | 8:16 pm GMT+7