The central coastal city of Da Nang is taking measures to reinvigorate foreign direct investment flows with a view to attracting $7 billion in capital inflows by 2030.

In the first two months of this year, the city of Da Nang approved 16 new foreign direct investment projects, with a total registered capital of 2.55 million US dollars, a year-on-year decrease of 53.6%.

Up to now, the city has introduced 965 foreign investment projects with a total registered capital of over 4.065 billion US dollars, mainly concentrated in the industrial and real estate fields.

The head of the department said that the city will focus on completing infrastructure projects in the development of high-tech industries, information technology, and logistics. It is accelerating the completion and upgrading of the technical infrastructure of industrial zones such as Heren, Hening, and Hejin - Phase II, Da Nang High Tech Support Industrial Park, and expanding the High Tech Park. At the same time, we will increase efforts to attract investment in a more diverse and pragmatic manner, attracting more investors.

Hu Qiming, Vice Chairman of the Municipal People's Committee, said that the local government is preparing a land fund for industrial development, supporting industries, high-tech, and information technology to welcome the flow of funds to Vietnam It will also focus on developing high-quality human resources while removing difficulties and obstacles to create the best conditions for local investors.

Da Nang aims to attract US $7 billion of foreign direct investment by 2030, of which US $3 billion will be attracted between 2021-2025 and the rest between 2026-2030.

The Executive Secretary of the Ministry of Commerce of Thailand led the management team of the Ministry of Commerce to receive the Minister of Industry and Trade of Laos, as well as the government and private sector management team, to discuss ways to promote economic and trade relations with the Thai government and the private sector.

During the negotiation, both parties stated that they would establish a partnership to promote the realization of the target of US $11 billion by 2025, and exchange trade business practices in the tasks of the Ministry of Commerce, such as product price management, import and export management, trade facilitation, and export promotion.

During this business negotiation, Thailand requested Laos to urge relevant departments to consider opening another 12 border ports on the border with Thailand, to facilitate the transportation of Thai goods to China through the Laos border and make it more flexible. In particular, fruit products will enter the season of mass product launch in the next 1-2 months. In response, the Lao side stated that the Lao government would discuss the matter with relevant departments in order to provide further convenience.

The excavation of the longest tunnel in Thailand connecting Thailand and Laos has begun. If the construction is completed on time, it is expected to be opened in 2028.

According to reports, this 6.8 kilometer long tunnel is part of the Tengchai to Qingkong railway and will extend to the outskirts of Qinglai Prefecture. The railway line connecting Dengchai, Qinglai, and Qingkong has a total length of 323.10 kilometers. According to the development plan, this railway will connect Thailand's existing railway network to neighboring countries such as Laos and Myanmar to promote tourism and low-cost transportation of Thai goods. A recent report also indicates that this railway line will connect the fourth Laotai Friendship Bridge.

The completed railway will have a total of 26 stations, including 4 large stations, 9 small stations, and 13 small stations. In addition, the railway line will also build four double tunnels through the mountains.

If construction is completed on time, the railway will be ready for operation in 2028, reducing travel time between Thailand and Laos by 1-1.5 hours. He added that railways not only promote tourism and the economy, create income for the residents of the region, but also help to sustainably reduce transportation costs.

The King of Thailand has approved the dissolution of parliament, and general elections are expected to take place in May.

On March 17, King Sihamoni issued a decree promoting Hun Sen's eldest son, Hon Mane, to the rank of 4-star general.

Hong Manei is Deputy Commander in Chief and Army Commander of the Royal Cambodian Army, and has previously been awarded the 3-star general rank. In 2022, Hung Mane was elected by the People's Party as the party's future prime minister.