Investment

Along with many localities around the country, southern Dong Nai province’s exports saw good growth in July and August compared to the first half of 2022. However, exports, which more often than not help Vietnam post a trade surplus, showed signs of declining in the two months.

Prime Minister Pham Minh Chinh recently agreed with the upgrading of the Sa Pa Airport project, which is still in construction, into an international airport project. The move will be a breakthrough in transport infrastructure for the northern region, impacting the local real estate market and taking land prices to a new high.

Vietnamese educational technology (edtech) startup EDUPIA has announced it successfully raised $14 million from Jungle Ventures in a Series A funding round, bringing its total capital to $16 million since establishment in 2018. It will use the funds to invest in technology and products, recruit quality personnel to key positions, and expand around Southeast Asia. Tran Nguyen Thuy My, Vice President of Jungle Ventures, said EDUPIA is its second investment in the edtech field in Asia, following LEAP in India.

The Hanoi People’s Committee has issued Plan No. 235/KH-UBND, with three criteria to implement government Resolution No. 48/NQ-CP dated April 5, 2022 on “Strengthening traffic order and safety and preventing traffic congestion in the 2022-2025 period” in the capital.

The leader of the Irish Food Board (Bord Bia), who is visiting Vietnam from September 6 to 8 to launch a business strategy in the Southeast Asian market, said Vietnam in particular and Southeast Asia in general are priority destinations for the industry.

The Ministry of Construction has sent a document to People’s Committees of cities and provinces around the country on promoting sustainable smart urban development. It must be closely linked with digital transformation and planning, and proceed step-by-step and not develop too quickly, with pilots conducted initially to ensure short-term and long-term investment efficiency.