Steel production in Hoa Sen Binh Dinh plant at Nhon Hoa industrial zone (Photo: baodautu.vn)
Binh Dinh (VNA) - Construction of the Hoa Sen ꩲNhon Hoi steel sheet♚ plant commenced on January 8 at Nhon Hoi Economic Zone, in the central province of Binh Dinh.
Covering 12.4 hectares of land, the plant is an investment by Vietnamese steel producer Hoa Sen Group at the total cost of 2 trillion VND (89 million USD).
Expected to commence operations in June, 2017, the plant will supply 180,000 tonnes of galvanised steel sheet and zinc-aluminium alloys, 90,000 tonnes of colour-coated steel sheet and 200,000 tonnes of cold rolled steel to the market.
In addition, the plant will help diversify industrial products in the province while creating jobs for about 400 local labourers.
At the ground-breaking ceremony, Chairman of the provincial People’s Committee Ho Quoc Dung highlighted that in the past few years, the province has enhanced its promotional activities and attracted a line-up of investment projects in tourism, trade and services.
Hoa Sen Nhon Hoi steel sheet plant, a large-scale industrial production project in the locality, will give momentum to other industrial investment projects landing in the province, he added.-VNA
The central coastal province of Binh Dinh on July 7 granted an investment certificate to the Singaporean KinderWorld Education Group to build Outward Bound skill education facilities.
The domestic FCL Group held a ground-breaking ceremony on May 23 to launch the construction of the Nhon Ly golf, resort, villa development and high-end entertainment complex in southern Binh Dinh province’s Quy Nhon city.
Linking sea and island tourism is a key priority in the central coastal province of Binh Dinh towards realising the goal of welcoming 8-10 million travellers in 2020, said Chairman of the provincial People’s Committee Ho Quoc Dung.
The central province of Binh Dinh will create optimal conditions for operations of businesses from Guangxi, China, said Vice Chairman of the provincial People’s Committee Phan Cao Thang.
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.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Steel production in Hoa Sen Binh Dinh plant at Nhon Hoa industrial zone (Photo: baodautu.vn)
