Vinh Phuc’s efforts in international integration pay off

The northern province of Vinh Phuc has exerted various efforts towards international integration, attracting many foreign investors with high technology and helping to boost its socio-economic development.
Illustrative image (Source: VNA)

Illustrative image (Source: VNA)

Each year, Vinh Phuc has held exchange activities with ministries and sectors of other countries, including China, Germany, the US, Italy, and the Republic of Korea, to foster investment cooperation.
The province has been actively taking advantage of multilateral and bilateral forums, while increasing economic, trade, investment, and tourism promotion, as well as building a smooth investment environment to lure more investors.

It has sent delegations to other countries to learn from their experience and introduced the province’s advantages and potential to investors abroad.

So far, Vinh Phuc has attracted a number of big enterprises, such as Toyota, Honda, Daewoo Bus, Piaggio, and Sumitomo. As of March 2019, the province has hosted 1,070 projects, including 344 FDI projects from 16 countries and territories, with a total investment of 4.65 billion USD, much higher than the mere eight projects it housed a decade ago.

In addition, the province has attracted 726 domestically-funded projects, worth a total of 76.7 trillion VND (3.3 billion USD).

According to Nguyen Duc Tai, Vice Director of the provincial Department of Planning and Investment, FDI projects have contributed to increasing budget collection and jobs in the province.

The province paid 30.6 trillion VND (1.32 billion USD) to the state budget last year and over 31 trillion VND (1.33 billion USD) in 2016, much higher than the 10 trillion VND (431 million USD) it contributed in 2009, he noted.

So far, the province’s industrial parks have created jobs for about 85,000 labourers, he added.

Tai said that Vinh Phuc is working to speed up administrative reform; improve the investment-business environment; enhance its provincial competitiveness index; and prioritise environmentally-friendly, high-tech projects with great potential to link up with local firms to join global value chains.

The province will continue to remove difficulties and obstacles facing investment projects in industrial parks, while focusing on luring more investors from Japan, the Republic of Korea, and China. It also hopes to seek new markets with ASEAN member countries and those joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.