Economy

Born and raised in a land full of eagle grass, Mr. Nguyen Van Ly (Tram Lac hamlet, My Hanh Bac commune, Duc Hoa district, Long An province) always embraces the dream of bringing eagle grass "out of the border".

The impacts of the imposition or increases of special consumption tax on several products must be studied carefully to ensure State budget revenue and the development of production and business, experts said.

The province's economy in 2023 has already gone half way with unpredictable developments.

The Vietnam Coal and Mineral Industries Group (Vinacomin) and Dong Bac Corporation strive to supply about 48.35 million tonnes of coal for thermal power plants, an increase of about 10-15% compared to 2022.

The southern coastal province of Ba Ria-Vung Tau aims to become a national marine economic hub and a maritime service centre of Southeast Asia by 2050.

Work on a passenger terminal at Long Thanh International Airport in southern Dong Nai province is scheduled to start in August, the Airports Corporation of Vietnam announced.

In recent years, trade promotion activities have made an important contribution to promoting the production, processing and consumption of agricultural products in Long An province.

Consumers and producers are happy to see the implementation of the 2% reduction of value-added tax (VAT) for products starting from July 1.

According to the assessment of functional sectors, agricultural products of Long An province such as lemon, dragon fruit, pineapple,etc have made relatively good development steps when exporting to Korea.

Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced.

Located in the Southern Key Economic Zone, the gateway connecting Mekong Delta region with Ho Chi Minh City and the Southeast region, Long An is a locality with many competitive advantages, especially regional linkages.

The southern economic hub of Ho Chi Minh City will build seven new logistic centres from now to 2025, the municipal People’s Committee said on July 3.