Hanoi authorities to facilitate deployment of horse racetrack project
Hanoi’s authorities will work to promptly solve petitions of Korean-based Charmvit Group so that it can effectively carry out a horse racecourse project after being licensed, said a municipal official.
Hanoi’s authorities will facilitate horse racetrack project. (Photo: baodautu.vn)
Hanoi (VNA) – Hanoi’s authorities will work to promptly solvepetitions of Korean-based Charmvit Group so that it can effectively carry out ahorse racecourse project after being licensed, said a municipal official.
Receiving Charmvit Group Chairman Lee Dae-bong on February 21, Chairwoman ofthe municipal People’s Council Nguyen Thi Bich Ngoc said that the project hasbeen submitted to Prime Minister Nguyen Xuan Phuc for approval. However, thisis a new project in Vietnam so it needs careful consideration, she said.
Ngoc expressed her belief that with considerable experience and robust businessachievements in Vietnam, the Charmvit Group will successfully implement theproject.
Lee, for his part, said that the group has prepared necessary procedures, andexpected to receive support from the municipal administration for the earlyimplementation of the project.
Last year, Prime MinisterNguyen Xuan Phuc approved the addition of the multi-purpose entertainmentcomplex – horse racecourse project into Hanoi’s master plan on socio-economicdevelopment by 2020, with orientation to 2030.
Under Decision 1823/QD-TTg, Hanoi will increasethe mobilisation of social investment sources for building sports facilities incombination with high-quality tourism and service activities.
The city will study the application of hightechnology in developing the sports, culture and entertainment sectors.
The 420 million USD project will be built on anarea of more than 100 hectares in Tan Minh commune, Soc Son district. It willalso include a park, tourism and entertainment centres and many otherfacilities.
The project was first put on the table in 1999.It was initially planned to be built in Dai Kim ward of Hoang Mai district andThanh Liet commune of Thanh Tri district. However, as the legal framework forsports betting and horse racing hadn’t been completed at the time, the foreignpartner withdrew from this project in 2005.
In 2007, the Hanoitourist Corporation and theRepublic of Korea’s Global Consultant Network proposed the project again.
In August 2016, they inked a joint venturecontract to invest in the project, which is set to meet five-star standards.
The project is expected to create jobs for about1,000 direct labourers and tens of thousands of indirect ones and contribute upto 1.5 trillion VND (64 million USD) to the local budget each year.-VNA
Vietnam has officially legalised sports betting, with bookies set to open after the amended Law on Physical Training and Sports takes effect on January 1, 2019.
Hanoi will spend more than 420 million USD to build a horse racing course in Soc Son district, Chairman of the municipal People’s Committee Nguyen Duc Chung said on December 11.
Prime Minister Nguyen Xuan Phuc has approved the addition of the multi-purpose entertainment complex – horse racing course project into Hanoi’s master plan on socio-economic development by 2020, with orientation to 2030.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
Hanoi’s authorities will facilitate horse racetrack project. (Photo: baodautu.vn) 
