Economy

With the drastic and synchronous implementation of measures and solutions, Long An has become an attractive, safe and effective investment destination for investors.

Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.

Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade.

As orders are increasing and key markets are showing signs of positive recovery, businesses are taking full advantage of opportunities to boost production and exports to achieve the highest target in 2024.

South Korea is one of Long An’s major partners, ranking 3rd among 41 countries and territories with direct investment capital in the province of more than 1.1 billion USD in 214 projects.

A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over 18 trillion VND (711.88 million USD) to the state budget.

The gold demand in Vietnam slumped significantly in the third quarter of this year as the sharp price rises deterred fresh buying, while the world’s total gold demand touched record high.

For many years, the output problem for agricultural products has always been a concern for farmers. Since agricultural products were put on e-commerce platforms, this problem has gradually been solved.

On November 1, the People's Committee of Long An province held a scientific conference on building mechanisms and policies to attract containers to ports in the province.

Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise.

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports.

Vietnam’s agro-forestry-aquatic product exports are likely to achieve a record high of 62 billion USD in 2024, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.