Lai Chau province invites investment in raft of sectors
The northern mountainous province of Lai Chau introduced its strengths and called for investment to different fields during a meeting with the Vietnam-Korea Businessmen and Investment Association (VKBIA) on May 4.
An iron plate production line of Thuy Nam Co., Ltd in Lai Chau (Photo: )
Lai Chau (VNA) - The northernmountainous province of Lai Chau introduced its strengths and called forinvestment to different fields during a meeting with the Vietnam-Korea Businessmenand Investment Association (VKBIA) on May 4.
Chairman of the Lai Chau Provincial People’sCommittee Tran Tien Dung said that with a large land area, temperate climate,and diverse soil types, Lai Chau boasts the conditions necessary for developinghigh-quality agricultural and forestry products.
Its many rivers and springs also allow for the developmentof small- and medium-sized hydropower plants, aquaculture, and reservoirtourism.
The diversity of local natural resources alsomakes the province ideal for mining and the production of building materials. Upgradeson the way for the Ma Lu Thang National Border Gate to reach international standardsand an abundant workforce are also local advantages, according to Dung.
He added that Lai Chau will focus on attractinginvestment in concentrated agricultural production to develop localspecialties. It will also boost the application of high technology in agriculture,connectivity between businesses and farmers, sustainable forestry development,renewable energy, mining, building materials production, agricultural andforestry product processing, economic activities at border gates, and tourism.
The official pledged that local authorities will stand shoulder-to-shoulderwith enterprises, actively reform administrative procedures, improve thebusiness climate, and create the best possible conditions for investments inthe province.
For his part, VKBIA Chairman Tran Hai Linh touchedon fields where investors from the Republic of Korea seek opportunities.
He also spoke of the coordination in the organisationof investment promotion events, human resources training, border trade,high-quality agriculture, renewable energy, and tourism development.
The VKBIA also presented medical supplies to LaiChau to help it fight COVID-19./.
Son La hydropower company has set a target of producing over 11.7 billion kWh of electricity in 2020, up about 2.5 billion kWh compared to the previous year.
Authorities in the northern mountainous province of Lai Chau are promoting policies for community-based tourism to develop the local economy and create jobs.
Vietnam and China has agreed to reopen more border crossings to reduce the large number of container trucks queuing for customs clearance as a result of the new coronavirus (SARS-CoV-2) outbreak.
The Northern Power Corporation (EVNNPC), a subsidiary of Vietnam Electricity (EVN), has reported that its commercial power output in February picked up 11.04 percent year-on-year to more than 5.15 billion kWh, despite rampant COVID-19 outbreak.
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.
An iron plate production line of Thuy Nam Co., Ltd in Lai Chau (Photo: ) 
