Thanh Hoa (VNA) – With its ample advantages, the north central coastal province ofThanh Hoa should work to become a model in attracting investment. PrimeMinister Nguyen Xuan Phuc made the statement at an investment promotionconference in Sam Son city on May 18. He said thatthe Government will provide opportunities for Thanh Hoa to become an exemplary localityto achieve its investment targets. The PMdescribed Thanh Hoa as a miniature Vietnam, with a dynamic economy full of potential. He urged thelocality to improve the investment environment to ensure equality forbusinesses, and provide land in an effective manner.
He agreedwith local plans to develop oil refining, aquatic processing, and tourism.
The PM suggested studying developing hi-techagriculture and focusing on products with 🍸high economi♓c value.
He encouragedbusinesses to invest in agriculture, services and infrastructure whilediversifying services and taking advantage of heritage sites such as HoCitadel, Lam Kinh historical relic site, community-based and craft villagetourism.
To increase enterprises’ competitiveness and tobuild a strong business community, the province should train skilled workersand help businesses make long-term investments and join the global value chain,he said.
He also noted that the province could not dobusiness without protecting the environment.
Various Government projects are planned for theprovince, including the Hanoi-Thanh Hoa-Nghe An expressway and a coastal routeto prevent natural disaster.
At the conference, Thanh Hoa granted investmentlicenses to 32 projects with a total estimated investment of 135.3 trillion VND(equivalent to 6.1 billion USD), mainly in processing and manufacturi꧋ng.
Earlier, thePM had a meeting with local authorities, during which he stressed that ThanhHoa is one of Vietnam’s key investment destinations.
The province has eight industrial parks, attractedbig companies and deployed policies to lure social investment, he said.
He hailed local efforts to build synchronousinfrastructure for investment projecꦅts, offer c꧋ompetitive land lease prices andlabour costs, and promptly address difficulties for businesses.
Thanh Hoa coversmore than 11,000 square meters and has a population of 3.6 million people,ranking fifth nationwide in natural area and third in population. The percapita average income was 1,620 USD at the end of 2016, the highest level inthe north central region. It is expected to reach 1,750 USD in 2017. The provinceis striving to record economic growth of 12 percent this year.-VNA
President Tran Dai Quang had a working session with Thanh Hoa’s authorities on February 20 to discuss recent progress of and outlook for the growth of the central province.
Sam Son town was promoted to a city in the north central coastal province of Thanh Hoa at the ongoing ninth session of the 14th National Assembly Standing Committee in Hanoi on April 19.
Enterprises across Vietnam contributed their ideas to making breakthrough policies in service of the efficient enforcement of the Government’s resolution on supporting and developing businesses until 2020 during the ongoing conference between the Prime Minister and businesses in Hanoi on May 17.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Prime Minister Nguyen Xuan Phuc (Photo: VNA)
