A car manufacturing company in Phu Yen province. (Source: VNA)
Phu Yen (VNA) - Some 40 foreign direct investment (FDI) projects worth over 4.5 billion 🐽USD have landed in the southern central coastalꦏ province of Phu Yen so far, the provincial People’s Committee reported at a working session with a Foreign Ministry delegation on December 7.
The FDI projects have created jobs for nearly 4,800 local labourers, according to the provincial report. Demand for human resource is expected to surge in the coming time when some other projects become operational such as Vung Ro refinery project and top-end Phu Yen Sunrise tourism complex.
Meanwhile, several projects funded by official development assistance (ODA) with a combined nearly 472 billion VND (21 million USD) of investment capital are being carried out in transport, forestry and coastal resource development sectors.
Permanent Vice Chairman of the provincial People’s Committee Le Van Truc asked the Foreign Ministry to help in advertising the province’s potentials and attracting foreign investors to the locality.
For his part, Deputy Foreign Minister Le Hoai Trung pledged to continue assistance in external relation training for Phu Yen officials while introducing foreign organisations to the province.-VNA
The southern central coastal province of Phu Yen has set to conserve and develop its coastal protection forests in order to cope with climate change and rising sea water as well as to preserve biological diversity.
New City Vietnam Company Ltd broke ground of a 1 billion USD tourism complex along the coast of Tuy Hoa city in the south central province of Phu Yen on June 27.
The central province of Phu Yen has invested more than 4.17 trillion VND (189.5 million USD) in developing local mountainous and ethnic minority areas over the past five years.
France’s InVivo NSA Group will partner with a company based in Phu Yen province to cultivate maize on a trial basis in the central locality of Vietnam.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
A car manufacturing company in Phu Yen province. (Source: VNA) 
