The Song Mai – Nghĩa Trung industrial park project in Bắc Ninh covers 197.1 hectares with total investment of VND 2,806 billion and broke ground in August 2025. By 11 September, site clearance and technical infrastructure for 50 hectares in phase 1 were complete, along with a wastewater treatment system with capacity of 6,000 cubic metres per day. The project still faces difficulties clearing the remaining land, as some households have not agreed to compensation plans, and land-use right certificates for the completed 50 hectares remain unresolved, which hampers attracting secondary investors. Bắc Ninh city Party Secretary Nguyễn Hồng Thái urged an eco-friendly, circular development model, prioritizing high-tech firms and rooftop solar power, and faster site clearance. Once operational, the park is expected to create tens of thousands of jobs.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tiến độ dự án khu công nghiệp 2.806 tỷ đồng, tạo việc làm cho hàng chục nghìn người, nằm tại thành phố trực thuộc Trung ương trẻ nhất Việt Nam
Related news
- Vietnam is building a super international airport larger than Nội Bài, just 40km from Hanoi, with a 70-year operating term, expected to create jobs for thousands of people
Vietnam's National Assembly approved the investment policy for Gia Bình International Airport in Bắc Ninh city, about 40 km from Hanoi, on December 11, 2025. The project covers over 1,884 ha, larger than Nội Bài (about 1,500 ha), and will become the largest airport in the North. Total investment is about 196,378 billion VND (nearly USD 8 billion), with a 4F scale and a 70-year operating term, designed to handle about 30 million passengers and 1.6 million tonnes of cargo a year by 2030, rising to about 50 million passengers and 2.5 million tonnes by 2050. Construction needs 1,200 to 1,500 workers, mainly local, and about 10,000 jobs are expected once operating, with at least 30% local labor; a road linking Gia Bình to Hanoi broke ground on December 19, 2025, while Hải Phòng is seeking investors for a roughly 46.55 km road linking Lạch Huyện port to the airport, with preliminary investment of about 43,743 billion VND.
- Public sector strikers cannot expect a raise without working for it
Two letters respond to the public sector strike. Dara McGann argues pay agreements should not be locked in before productivity and modernisation targets, such as digitisation and AI, are agreed, since paying higher wages for outdated workflows makes no economic sense and disadvantages taxpayers. Damien Cahill praises the strong turnout and the young workers taking part in their first strike, but warns that no one is effectively fighting for young workers on housing, as young medical and clerical staff struggle to own homes, live with parents, pay high rents or emigrate.
- 34 Firms Raise N1 . 99trn Amid Expansion , Job Creation Target
34 companies raised N1.99 trillion from Nigeria's capital market in the first nine months of 2026 to fund expansion, working capital and balance-sheet strengthening. Total corporate capital raising reached about N2.76 trillion by September, with Dangote Sugar Refinery raising N485.875 billion through a rights issue. Analysts said the funds could support factories, technology and job creation, with banking and insurance as the main drivers because of recapitalisation requirements. Market capitalisation rose N63.73 trillion in nine months to N163.10 trillion, and the All-Share Index gained 61.43 per cent year-to-date. However, a shareholders' association cautioned that fresh capital does not automatically mean higher dividends or immediate jobs, noting that more than 70 per cent of listed insurers were not paying dividends after recapitalisation.
- You may never work with an Elizabeth Holmes—but here's how to handle a co-worker who makes false claims
The article opens with Nathan Fielder's documentary “You Can See Everything,” which follows Elizabeth Holmes, the founder of Theranos who was convicted of fraud in 2022 and sentenced to 135 months in prison. It then offers advice for handling a co-worker who repeatedly makes false or overly optimistic claims. The author recommends separating the person from their behavior, comparing past promises with actual results to build realistic estimates, and setting milestone checkpoints to spot problems early. When you lack the power to act alone, the article suggests seeking outside support and witnesses, since misinformation is harder to deny when others are present.
- World Bank jobs council urges 'crisis-era' employment support measures as IMF warns of AI 'tsunami'
Policymakers are moving from debating whether AI will disrupt jobs to deciding how to cushion the impact. IMF Managing Director Kristalina Georgieva warned that AI is hitting the labor market like a 'slow-moving tsunami', with young graduates first in line to be hit, and estimated that about 40% of jobs worldwide will be augmented, downgraded or eliminated, with exposure around 60% in advanced economies and 23% in low-income countries. Singapore President Tharman Shanmugaratnam, co-chair of the World Bank's Jobs Council, urged governments to make crisis-era support measures a permanent tool to help young people find work, noting that U.S. demand for graduates has gone down 'for the first time in a century'. World Bank President Ajay Banga said 1.2 billion young people will turn 18 over the next 15 years, and the private sector, which generates 75% to 85% of jobs, will need to absorb most of them. Georgieva said AI adoption could lift growth by 0.5 to 1 percentage point in advanced Asia and 0.2 to 0.8 percentage point in emerging Asia.
- Securities Firms Data Update as of October 16: One Company Posts Nearly VND 10 Billion Loss in Q3 2026
As of October 16, five securities companies had reported Q3 2026 results, showing wide divergence. CTCP Chứng khoán Việt Thành (VTS) posted Q3 operating revenue of over 7.2 billion VND, down 83% year on year, and its pre-tax profit swung from a 29 billion VND profit to a loss of nearly 10 billion VND, mainly due to a sharp drop in proprietary trading and losses of over 11.8 billion VND on sales of FVTPL financial assets. For nine months, VTS reported a pre-tax loss of over 2 billion VND, compared with a 41.3 billion VND profit a year earlier. By contrast, Chứng khoán Ngân hàng Public Việt Nam (PBSV) recorded Q3 revenue of over 30 billion VND, up nearly 25%, and pre-tax profit of nearly 14 billion VND, up 59%, driven by a 71% rise in interest income from loans and receivables. Its nine-month pre-tax profit reached nearly 37.8 billion VND, 2.3 times the same period last year.
Related markets
Latest news
- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.