The northern province of Vinh Phuc has attracted 3.43 billion USD in foreign direct investment (FDI) with 222 projects as of mid-July, 2016, according to the provincial Investment Promotion Agency.
Toyota Motor Vietnam Co., Ltd makes great contributions to the state budget (Photo: vinhphuc.gov.vn)
Vinh Phuc (VNA) ♉– The northern province of Vinh Phuc has attracted 3.43 billion USD in foreign direct investment (FDI) with 222 projects as of mid-July, 2016, according to the provincial Investment Promotion Agency.
Although ranking third among the locality’s largest foreign investors, Japan takes the lead in capital disbursement, business operation efficiency and contribution to local budget. Japan is running 26 projects valued at over 786 million USD in Vinh Phuc.
Since their establishment in Vietnam, Honda Motor Co.,Ltd and Toyota Motor Vietnam Co., Ltd have contributed more than 6 billion USD to the state budget while creating jobs for thousands of locals with stable incomes.
Meanwhile, Nidec Nissin Vietnam, Maruichi Sun Steel JSC, Exedy Vietnam Co., Ltd and Kohsei Multipack Vietnam Co., Ltd also show good performance.
Vinh Phuc province has recently granted investment certificate for Japan’s Sumitomo Corporation to develop infrastructure of the 213-hectare Thang Long Vinh Phuc industrial park. Once completed, the park will attract 79 secondary investment projects from Japan with a total registered capital of 1.5 billion USD and draw 25,000 local workers.
In a bid to lure more investments, the province has paid heed to improving local business climate, attracting resources for development while building essential infrastructure. Enhancing vocational training quality, mapping out plan for urban development and facilitating administrative procedures for investors are also given top priority.
Furthermore, the province has held talks with FDI businesses to promptly tackle their difficulties.-VNA
The northern province of Bac Ninh has granted investment certificates to 67 new foreign direct investment (FDI) projects with a combined capital of 337 million USD since the beginning of 2016.
The foreign direct investment (FDI) sector, which has significantly contributed to the growth of the Vietnamese economy, has on the other hand posed negative impacts to the nation’s ecosystem.
As many as 88 foreign direct investment (FDI) projects with a total registered capital of 2.26 billion USD have landed in the central coastal province of Thua Thien-Hue so far.
The southern province of Dong Nai attracted 1.34 billion USD in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20 percent, surpassing the annual target by 34 percent.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
Toyota Motor Vietnam Co., Ltd makes great contributions to the state budget (Photo: vinhphuc.gov.vn)
