Thai Binh firms roll out solutions to bolster production
Businesses of the northern province of Thai Binh have rolled out numerous solutions to bolster production in response to a call of local authorities, towards fulfilling the goal of a gross regional domestic product (GRDP) growth rate of 13 percent in remaining months of 2021.
Engineers at Thai Binh thermal power plant ensure power generation (Photo: baothaibinh.com.vn)
Hanoi (VNA) – Businesses of the northerꦦn province of Thai Binh have rolled out numerous solutions to bolster production in response to a call of local authorities, towards fulfilling the goal of a gross regional domestic product (GRDP) growth rate of 13 p𓂃ercent in remaining months of 2021.
Nguyen Tien Phuong, Chairman of the Board and General Director of the Thai Binh branch of Tan De sportswear company, said that the factory is striving to post export earnings of 135 million USD in the last five months of the year, raising the yearly figure to 350 million USD, up 20 percent against the same period last year.
Meanwhile, Do Luong Company in the province’s Dong Hung district will promote trade at home and abroad, focusing on niche markets to ensure orders for the remaining months of 2021 and following year, said its Director Ninh Xuan Thao.
To overcome difficulties triggered by the complexities of COVID-19, a brickworks of Mikado Technology and Trading Company at Tien Hai industrial park renewed production process, invested in advanced technology and raised competitive edge so as to conquer the domestic and international markets.
Thai Binh’s business community has bolstered welfare policies for workers and expanded production scale and market development at home and abroad in an attempt to improve operation and revenues in the remaining months of the year.
Chairman of the provincial Business Association Do Van Ve believed that Thai Binh will fulfil its socio-economic targets this year, creating a momentum for 2022 and later years thanks to drastic COVID-19 prevention and control efforts along with determination of firms to surmount hardships and introduce innovative and effective methods./.
The northern province of Thai Binh has rolled out policies in promoting the development of the industrial sector at large and supporting industries in particular, with priorities given to garment-textile, mechanics and electrical/electronic devices.
The northern province of Thai Binh is focusing its efforts on implementing a COVID-19 vaccination campaign as part of the biggest-ever national vaccination campaign that was launched in July.
The People’s Committee of the northern province of Thai Binh has signed a memorandum of understanding (MoU) with the Vuon Thoi Dai Vietnam (Times Garden Vietnam) JSC on cooperation in planning work for the province in the 2021 - 2030 period, with a vision to 2050.
With a score of 64.02 points, the northern province of Thai Binh has improved the Provincial Competitiveness Index (PCI) ranking by jumping to 25th out of 63 provinces and cities nationwide last year from 36th in 2006.
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.