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Dong Nai affirms its position as Vietnam’s leading industrial centre

With 33 industrial parks, Dong Nai is the locality with the most industrial parks in Vietnam. The province is attracting investors from 43 countries and territories and continues to affirm its position as the country’s leading industrial centre.

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With 33 industrial parks, Dong Nai is the locality with the most industrial parks in Vietnam. The province is attracting investors from 43 countries and territories and continues to affirm its position as the country’s leading industrial centre.

In particular, in the context that Long Thanh International Airport is set to be completed and put into operation in the next two years, Dong Nai has been likened to a magnet attracting leading corporations in the world.

Director of Dong Nai Department of Planning and Investment Nguyen Huu Nguyen said that the province is located in the economic development quadrangle of the Southeast region, including Ho Chi Minh City, Binh Duong, Dong Nai, and Ba Ria-Vung Tau, with the fourth largest economic scale in the country.

There are about 55,000 enterprises operating in the province, with more than 1,600 FDI projects and more than 1,000 domestic investment projects. Dong Nai is also one of the five provinces with the largest budget contributions in the country.

Dong Nai is leading the country in industrial park development with 48 planned industrial parks. Of which, 33 have been established with a total land area of 10,500 hectares, with an occupancy rate of more than 86% of the leased land area.

The province has attracted investment from 43 countries and territories with total capital of more than 30 billion USD, creating jobs for over 600,000 workers. New investment projects ensure criteria on advanced technology and non-labour-intensive supporting industries.

Nguyen Thi Hoang, Vice Chairwoman of Dong Nai Provincial People’s Committee, emphasised that Dong Nai Province’s economic growth has gradually recovered and developed. The economic growth rate is among the highest in the country. The average GRDP per capita in 2023 was estimated at about 140 million VND/person, ranking 7th in the country.

Dong Nai continues to maintain its position as the leading industrial centre of the country, one of the pioneering localities, and an attractive location, while also strongly attracting domestic and international investment.

The province has developed new investment attraction criteria, organised promotion, and shifted investment attraction towards more selective investment with high-quality projects, applying high technology, and promoting green transformation.

“Dong Nai is facing many opportunities, especially as the completion and operation of Long Thanh International Airport in the coming time will create a big “push”, creating opportunities and conditions to exploit new driving forces, creating a breakthrough in the economic model of the province,” said Vice Chairwoman Nguyen Thi Hoang

In addition to the achieved results, the growth rate has shown signs of recovery but is still slow, the target of an average economic growth of 8.5% per year is very difficult to achieve. Industry is the main driving force for the province’s economic growth, but it faces many difficulties due to fluctuations and declines in the world market, and slow recovery.

Service sectors, especially business support services, industrial services, and logistics services, have developed but are not yet commensurate with the potential of an industrial province located in a convenient traffic location, considered a prime location that few localities have.

Experts, scientists, associations, enterprises, departments, and sectors have focused on: exchanging and analysing the results achieved in the innovation of the growth model, improving the quality of growth of Dong Nai Province in recent time; and identifying bottlenecks, shortcomings, limitations and issues for the innovation of the sustainable economic development model of Dong Nai, as well as opportunities and challenges in the development of Dong Nai Province in the coming time.

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Petrovietnam to complete $1.5 bln Long Phu 1 thermal power plant in 2027

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State-owned energy giant Petrovietnam aims to restart the idling Long Phu 1 thermal power project, located in the Mekong Delta province of Soc Trang, and complete it in 2027, according to the draft amendments to the power development plan VIII (PDP VIII).

Petrovietnam was assigned as investor of the $1.5 billion coal-fired power project in 2010. In 2014, Petrovietnam signed deals to assign Russia’s Power Machine and its technical arm Petrovietnam Technical Service Corporation (PTSC) as engineering, procurement, and construction (EPC) contractors.

Long Phu 1 thermal power project in Soc Trang province, Mekong Delta. southern Vietnam. Photo courtesy of PetroTimes magazine.

Long Phu 1 thermal power project in Soc Trang province, Mekong Delta. southern Vietnam. Photo courtesy of PetroTimes magazine.

In January 2018, when the project reached 78% completion, the United States had deployed sanctions against Russia due to the Crimea issues, leading to challenges in project implementation. In March 2019, Power Machine stopped construction activities at the project site.

According to the ministry’s document, Petrovietnam is restarting the project and amending the project’s feasibility study.

Long Phu 1 is one of five under-construction coal-fired power plants in Vietnam, the ministry noted. The others are the 1,330 MW Vung Ang II, 110 MW Na Duong II, 1,403 MW Quang Trach I, and 650 MW An Khanh-Bac Giang.

Meanwhile, five projects are facing challenges, namely the 600 MW Cong Thanh, 1,200 MW Nam Dinh I, 1,320 MW Quang Tri, 1,980 MW Vinh Tan III, and 2,120 MW Song Hau II.

The Cong Thanh is waiting for approval to use LNG as feedstock, while Quang Tri, Vinh Tan III, and Song Hau II have stopped or do not have any investor yet. Nam Dinh I is progressing to begin construction later this year.

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Investing in human resources for cultural industries

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After more than seven years of implementing the Strategy for the Development of Cultural Industries in Vietnam to 2020, with a vision to 2030, Vietnam’s cultural industries have made new strides, making positive contributions to the country’s GDP growth.

The production value of Vietnam’s cultural industries in the 2018-2022 period reached about 1,059 trillion VND (USD 44 billion). In 2022, the contribution of cultural industries to GDP reached 4.04%. In large cities such as Hanoi and Ho Chi Minh City, cultural industries have contributed about 4% of the local GRDP. Many cities have officially joined the UNESCO Creative Cities Network such as Hanoi, Hoi An, and Da Lat.

However, according to Tran Thi Phuong Lan from the Department of Culture and Arts under the Party Central Committee’s Commission on Communication and Education, the cultural industry has not yet developed to be commensurate with the country’s distinct potential, outstanding opportunities, and competitive advantages.

Vietnam still lacks specific and appropriate mechanisms and policies to attract capital and resources for the comprehensive development of cultural industries. The connection and coordination between sectors in the development of cultural industries is still not tight, has not promoted the commercial element in cultural products; there are still few large literary and artistic products and works with high ideological and artistic value, etc.

On August 29, 2024, the prime minister signed and issued Directive No.30/CT-TTg on the development of Vietnam’s cultural industries, meeting the expectations of those working in this field.

The prime minister requested ministries, branches and localities to thoroughly grasp and further raise awareness of the position, role, importance and value of cultural industries for socio-economic development and promotion of Vietnamese culture; to promote the responsibility of leaders in directing the development of cultural industries; to proactively implement strategies in a focused and key direction; to issue necessary mechanisms and policies to support, encourage and promote the development of cultural industries in the coming period.

Many experts and managers believed that the most important thing that cultural industries need is human resources, because this is a vital and key factor. Localities need to issue mechanisms and policies to ensure and attract resources, contributing to the construction and development of culture and people in each region, closely linked to the strengths of cultural industries.

In Da Nang, since 2015, the city leaders at all levels have been striving to implement the Party and State’s policies and guidelines in placing culture on par with economics, politics, and society. The city has identified the development of cultural industries along with the construction and completion of the cultural market in 12 areas, focusing on: advertising, software and entertainment games, design, cinema, performing arts, and cultural tourism.

However, the development of cultural industries in Da Nang still has some limitations, with human resources being limited in both quantity and professional quality. The preferential treatment policy for people working in culture and arts has not been given due attention.

Nguyen Thi Hoi An, Deputy Director of the Department of Culture and Sports of Da Nang City, said: “Da Nang has proposed a roadmap to upgrade the Da Nang College of Culture and Arts. At the same time, we focus on training human resources for the cultural industry, improving the quality of training at specialised schools; building standard curricula; investing in teaching and learning equipment in a synchronous manner in the stages of art, technology, production management, distribution, preservation, and communication; and encouraging and sending qualified staff to study and gain experience in countries with developed cultural industries.”

Nguyen Thi Thanh Thuy, Deputy Director of the Department of Culture and Sports of Ho Chi Minh City, shared: The city has been focusing on training human resources for cultural industries through schools, linking with businesses, and cooperating with international partners.

In addition, the city has reviewed and supplemented land funds to the city planning to build cultural industrial parks and film studios; focused on building a network of creative, branded businesses that are competitive in areas where Vietnam has potential and strengths such as software, handicrafts, performing arts, etc., to create many high-quality products. At the same time, there should be reasonable policies and regimes for human resources in the cultural field.

Associate Professor, Dr Do Lenh Hung Tu, Chairman of the Vietnam Cinema Association, said: In the stage of training and developing the film human resources, especially high-quality human resources, the establishment of a specific mechanism to discover, nurture, use and reward talents is extremely important. At the national level, the State needs to have special treatment regimes so that talents can fully develop their capacity and contribute to society, while at the same time creating more favourable conditions for professional organisations to promote young creative activities, create playgrounds, and “talent nursery” competitions.

In the immediate future, it is necessary to promote specialised training in the film industry; especially training a team of film managers with sufficient qualifications and capacity to meet the requirements in the period when cinema is striving to become a key cultural industry.

Highly qualified human resources are a decisive factor for the development of cultural industries. Therefore, it is necessary to effectively implement policies to attract and promote talents, provide incentives and honour individuals with good works and positive influence in society; support the transfer of knowledge, skills, practical know-how, etc., related to the fields of cultural industries; train and foster a team of managers and enforcers of copyright, related rights, cultural and tourism human resources; and form a team of in-depth and interdisciplinary experts.

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PV Gas to supply LNG for 2 southern Vietnam power plants for 25 years

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PV Gas, a subsidiary of state-owned energy giant Petrovietnam, has signed a contract to supply LNG as feedstock for the Nhon Trach 3 and Nhon Trach 4 power plants, the first two LNG-fired power plants in Vietnam, for 25 years.

The move followed a contract signed by PV Gas for LNG supply for the two power plants during trial production, PV Gas said in a Sunday statement.

The Nhon Trach 3 and 4 project in the southern province of Dong Nai is the only LNG-fired power project in Vietnam’s power development plan VIII (PDP VIII) that meet the deadline for investment and operation.

Nhon Trach 4 LNG-fired power plant in Dong Nai province, southern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

Nhon Trach 4 LNG-fired power plant in Dong Nai province, southern Vietnam. Photo courtesy of Lao Dong (Labor) newspaper.

PV Power, another subsidiary of Petrovietnam, is the main investor of the 1,600 MW, $1.4 billion Nhon Trach 3 and Nhon Trach 4 complex. It is expected to provide nine billion kWh of electricity to the national grid annually.

Nhon Trach 3 connected to the national grid on February 5, a major step to help the power factory meet the deadline of reaching commercial operation from July 2025.

Nhon Trach 4 is scheduled to conduct “first-fire” in April 2025 and then enter commercial operation from October 2025.

The two power plants are set to supply 2.4 billion kWh to the national grid in 2025.

The 25-year LNG supply for Nhon Trach 3 and Nhon Trach 4 is a key success for Vietnam in developing LNG-fired power and switching from natural gas to LNG as feedstock for some power plants, PV Gas emphasized.

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