The northern province of Vinh Phuc is intensifying trade promotion activities and offering support to both potential investors and businesses already operating in the locality.
A Dutch-invested factory of cattle feed in northern Vinh Phuc province. (Photo: VNA)
Vinh Phuc (VNA)🦩 – The northern province of Vinh Phuc is intensifying trade promotion activities and offering support to both potential investors and businesses already operating in the locality.
The provincial authorities instructed agencies and local administrations to provide detailed lists of projects calling for investment while apply the one-stop model in dealing with investment procedures and publishing administrative procedures on the province’s portal.
Nguyen Van Tri, Chairman of Vinh Phuc People’s Committee said that the province will continue to create favourable conditions for enterprises, as their development creates more jobs.
Since the start of 2016, Vinh Phuc’s authorities have held five dialogues with businesses. From October, the province’s officials will meet with enterprises at the provincial People’s Committee’s headquarters every Friday afternoon, in order to understand and respond promptly to their current difficulties.
The province has also sent delegations to foreign countries to seek investment in the province.
Those efforts have helped attract several dozens of new projects each year.
As of the end of August 2016, the province had 227 valid foreign-invested projects with total registered capital of 3.45 billion USD.
The Republic of Korea (RoK) is the leading investor in Vinh Phuc, with 100 projects worth over 922.7 million USD.-VNA
Vinh Phuc province welcomes all Italian investors, particularly those from the Tuscany region, as its strengths in wooden furniture, footwear and apparels production are similar to that of Tuscany.
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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.
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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.
A Dutch-invested factory of cattle feed in northern Vinh Phuc province. (Photo: VNA)
