Construction was started on a high-tech waste-to-power plant worth VND1.35 trillion (over US$57.6 million) in Que Vo district, the northern province of Bac Ninh on May 29.
Around 7.3 million international tourists visited Vietnam between January and May this year, up 8.8% on-year, according to the Vietnam National Administration of Tourism.
Close to 54,000 enterprises have registered to begin operations in the first five months of 2019, up 3.2 percent on-year, also the highest number recorded in the period in the past five years.
Vietnam was one of the fastest-growing sources of American imports from Asia last quarter, and could potentially overtake the U.K. as a bigger supplier to the U.S. if it keeps up that pace, according to the Bloomberg.com.
Vietnamese firms invested 183 million USD in overseas projects in the first five months of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The first air route between the two popular destinations of central Da Nang city and Phu Quoc Island off Vietnam’s southern coast has been launched by low-cost carrier Jetstar Pacific.
The inflow of foreign direct investment pledged to Vietnam in the first five months of this year hit a four-year high of 16.74 billion USD, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko (SDK), headquartered in Tokyo, will invest $68 million in building a new can manufacturing factory in southern Ba Ria Vung Tau province.
Policies to develop the industrial sector will be the key to keeping Vietnam’s out of the middle income trap, experts said at a workshop in Hanoi on May 23.