A representative of Binh Phuoc authorities signed a memorandum of understanding with the Vietnamese business association in Singapore (Photo: VNA)
Singapore (VNA) – The southern province of BinhPhuoc held a conference on May 11 to call for investment from Singapore to 63key projects.
Addressing the event, Chairman of the provincial People’sCommittee Nguyen Van Tram introduced his locality’s strengths.
Located in the south, Binh Phuoc is a gateway to the CentralHighlands region, Ho Chi Minh City and Cambodia.
It boasts clear lands and good conditions for industrydevelopment, including convenient transport infrastructure and favourablepolicies for investors.
Prices to lease land for 50 years in Binh Phuoc are between20 and 30 USD per square metre, compared to 100 – 150 USD per square metre inneighbouring localities, such as Binh Duong and Ho Chi Minh City.
Tram stressed that local authorities complete administrativeprocedures for foreign investors quickly, including those from Singapore.
He said there are only three Singaporean projects worth 8.1million USD in Binh Phuoc, expecting more Singapore capital to flow into localhigh-tech agriculture, clean technology and animal feed production.
Singapore has annual demand to import about 2 billion USD ofrubber and 80 million USD of cashew, Tram said, adding that his province suppliesboth products in large quantities.
He said the conference is an opportunity for both sides toform partnerships.
Benson Lim, executive director of Singapore-basedR1 International Pte Ltd, which invests in Binh Phuoc’s rubber industry, said theVietnamese province tackles administrative procedures for investors efficientlyand has good infrastructure with a direct highway system to Ho Chi Minh City.
He said his company is looking for an area in Binh Phuoc tobuild a new factory three-time larger than the current one.
According to the Singapore Business Federation (SBF),Singaporean firms rated Vietnam as the third most attractive investmentdestination in ASEAN.
Since the beginning of 2017, the SBF in collaboration withthe Vietnam Embassy in Singapore, Vietnam Chamber of Commerce and Industry, andVietnamese localities have held a series of trade promotion conferences andfact-finding tours to help the two countries’ firms form businesspartnerships.-VNA
The southern province of Binh Phuoc is working to strongly improve the local investment climate, by dealing with problems facing enterprises in a swift and effective manner.
The southern province of Binh Phuoc has two communes eligible for solar power projects with capacity between 130-300 MW, according to the Power Development Project Management Board No.6.
The India-based Tata Group conducted a field trip to Binh Phuoc on April 3 and leased 200 hectares of the southern province for its new solar power plant.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A representative of Binh Phuoc authorities signed a memorandum of understanding with the Vietnamese business association in Singapore (Photo: VNA) 
