The central province of Quang Tri intends to call for a total investment of 87 trillion VND (nearly 4 billion USD) in its 18 projects in key sectors at an investment promotion conference in November.
Workers at Phuong Thao Co Ltd in Quang Tri province produce wooden planks (Photo: VNA)
The central province of Quang Tri intends to call for a total investment of 87 trillion VND (nearly 4 billion USD) in its 18 projects in key sectors at an investment promotion conference in November.
Speaking at a meeting with 20 investors on October 28, Nguyen Van Hung, the province's Party secretary, said Quang Tri had many sectors with great potential to attract investment, such as the processing, energy, trade and tourism sectors.
Hung said the province had called for several key large-scale projects with high feasibility, such as the Cua Tung-Cua Viet seaside resort, a golf course in Huong Hoa district and development of the Truong Son tourist area.
The province features a supportive business environment, offering a centralised administrative mechanism. It scored the highest points (39.74) on the Vietnam Public Administration Performance Index in 2014.
Nguyen Duc Chinh, Chairman of the provincial People's Committee, said it would apply the most preferential Government regulations for investors.
In addition, the province will support investors by facilitating land clearance, offering labour training and building supporting infrastructure outside industrial parks (IPs) and economic zones (EZs).
Tran Bac Ha, Chairman of the Bank for Investment and Development of Vietnam (BIDV)'s Management Board, praised the province's potential.
However, Ha said its Provincial Competitiveness Index for the past five years was low as was the province's income per capita, whereas it had a high rate of poor households.
He pointed out that the province had seen difficulties in transport while neighbouring localities such as Nghe An, Thanh Hoa, Quang Binh and Thua Thien-Hue had the advantages of tourism, a port system and IPs.
He proposed that Quang Tri should focus on solutions for improving the effectiveness of investment, such as by developing the economic corridor connecting the country's East to the South and the West, building the La Lay border gate EZ and developing the Cua Viet-Cua Tung-Con Co Island marine tourism area.
BIDV will consider providing a 15 trillion VND (667 million USD) loan to the province for socio-economic development during the period of 2016-20. The loan would focus on three sectors with high potential: seafood processing, trade services and the energy industry.
A representative from Binh Ha Company said it had planned to invest in a glass plantation and cattle-raising project in the province, with total capital of 3.6 trillion VND (160 million USD). However, the company had not yet found a suitable location for the farm.
Vingroup said it had launched its projects in neighbouring localities, such as Thanh Hoa, Ha Tinh, Hue and Da Nang. The group has just begun examining options to invest in commercial centres, hotels and the agricultural sector in the province.-VNA
A fair on industry and trade in the Northern Central Coastal region was launched in Dong Ha City, Quang Tri province, on July 8, featuring around 500 exhibition booths run by nearly 240 domestic and international businesses.
The La Lay Border Gate, which links Quang Tri province and Laos' Salavan province, will be developed into a model international border gate in line with a plan recently approved by the Prime Minister.
The central province of Quang Tri will develop an economic zone in its southeastern area with a view of making it a breakthrough to achieve a robust economic growth.
The central province of Quang Tri aims to rise to the middle-income status in the country by 2020, as heard at the province’s 16th Party congress which opened on September 23.
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.
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.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Workers at Phuong Thao Co Ltd in Quang Tri province produce wooden planks (Photo: VNA)
