Business News

Đắk Lắk Province has broken ground on three new industrial projects at Hòa Hiệp 1 Industrial Park with a combined investment of nearly VNĐ790 billion (US$30.2 million). The projects are the Agrilong–Green World Fertiliser Plant, the Bá Hải Canned Food Processing Plant, and the Kotinochi Phú Yên Semi-Trailer and Spare Parts Manufacturing Plant. The investors are Hoang Long Vina JSC, Ba Hai JSC, and Kotinochi JSC, respectively.

Authorities in Cần Thơ City have set themselves an ambitious target of attracting 300 businesses each year through 2030 as part of broader efforts to strengthen the private sector as a key engine of economic growth. According to Vương Quốc Nam, vice chairman of its People's Committee, the city is implementing a comprehensive package of measures to foster a more dynamic private economy during the 2026 to 2030 period.

Cà Mau Province's exports exceeded US$1 billion in the first five months of 2026, driven by strong growth in seafood and fertiliser shipments. They were up 14.4 per cent year-on-year and equivalent to 38.2 per cent of the full-year target, according to the provincial People's Committee. Seafood remained the largest contributor, accounting for nearly $901 million and up 7.5 per cent from a year earlier.

The northern province of Quảng Ninh posted broad-based socio-economic expansion in the first half and is pushing to deliver full-year gross regional domestic product (GRDP) growth above 13 per cent, an all-time high. To achieve more than VNĐ100 trillion (US$3.7 billion) in state budget revenue this year, the provincial People's Committee has set a target of 13.21 per cent GRDP growth, with quarterly growth projected at 12.58 per cent in the second quarter, 15.48 per cent in the third and 14.86 per cent in the fourth.

A memorandum of understanding to study the project was signed between Dutch company Harvest Waste B.V. and the Tay Ninh Department of Industry and Trade during an investment promotion conference held in Amsterdam, the Netherlands on June 23, local time. The event was organized by the provincial government in coordination with the Vietnamese Embassy in the Netherlands.

High-value services are set to account for 70-75% of HCMC’s gross regional domestic product (GRDP) by 2040 under a “5+1” development model centered on the Vietnam International Financial Center in HCMC (VIFC-HCMC). The target is outlined in a recently issued plan by the HCMC government to turn the city into a major services hub for Vietnam and the region, with a focus on high-value, modern industries. The plan aims to reshape the economy toward a more efficient and sustainable structure.

Many Chinese investors are accelerating their plans to expand investment and increase their presence in Bac Ninh by proposing new projects in key sectors such as high technology, electronics, AI, and digital infrastructure. Several large enterprises are also encouraging long-term investment plans in the locality. In late May, a delegation of Chinese enterprises met the province’s leadership to discuss policies related to energy storage, AI computing infrastructure, power supply capacity and industrial park resources.

With total import-export turnover reaching approximately $445 billion in the first five months of 2026, Vietnam is on track to surpass the $1 trillion trade milestone for the first time. Speaking at the seminar on export trends on June 17, Nguyen Tuan Viet, CEO of VIETGO, a company specialising in export consultancy and international trade matching, said exports continue to be one of the brightest spots of the economy and are making an important contribution to the government’s double-digit growth target.