The Becamex IDC Corporation together with the People’s Committee of southern Binh Phuoc province held an online conference on May 5 with investors from the US.
Binh Phuoc (VNA) - The Becamex IDC Corporation together with the People’s Committee of southern Binh Phuoc province held an online conference on May 5 with investorsfrom the US.
Addressing the gathering,Vice Chairman of the provincial People’s Committee Huynh Anh Minh said tradeand investment promotions remain restricted as the COVID-19 pandemic wreaks havoc across theworld.
The conference, therefore, holds significant and practical meaning for Binh Phuoc and the US businesscommunity and affirms the province’s determination to expand cooperation andattract investment and the attention from US firms.
Binh Phuoc hopes tobolster cooperation with US investors in the fields of industrial engineering, electromechanics,the agricultural processing industry, supporting industries, and high-techagriculture, among others, he said.
He also pledgedthat Binh Phuoc will improve its investment climate to ensure transparency,revise policies, and create favourable conditions for businesses operating inthe province.
At the conference,Vietnamese Ambassador to the US Ha Kim Ngoc underlined that the US is among Vietnam’sleading trade partners, with bilateral economic and trade cooperation maintaininggrowth levels despite the adverse impact of COVID-19.
Binh Phuoc iscurrently home to 13 industrial parks (IPs) covering 4,686 ha. To satisfyeconomic development demand and attract investment in the 2021-2030 period, theprovince eyes the expansion of three IPs and the establishment of four others,raising the total area to 10,000 ha.
Prominent among thesewill be the Becamex - Binh Phuoc Industrial and Urban Complex in Chon Thanhdistrict, which has drawn 49 projects with registered capital of nearly 1billion USD.
Becamex Binh Phuocis set to build the 1,000-ha Dong Phu Urban IP in the time to come./.
The southern province of Binh Phuoc recorded economic growth of 7.51 percent in 2020 thanks to its outstanding efforts in containing COVID-19 and promoting economic development, according to a local official.
The southern province of Binh Phuoc, deemed Vietnam’s “cashew capital”, needs to devise a project to develop cashews as its key crops, Minister of Agriculture and Rural Development Nguyen Xuan Cuong has said.
The Centre for Rescue, Conservation and Development of Wild Animals of the Bu Gia Map National Park in the southern province of Binh Phuoc said on March 25 that it has recently coordinated with forest rangers to return three animals to nature.
The Steering Board for COVID-19 Prevention and Control of Hon Quang district in the southern border province of Binh Phuoc put five foreigners and two Vietnamese taxi drivers into quarantine on April 13.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
At the conference (Photo: VNA) 
