Business

Government seeks to attract investment in mountainous regions

In a move to unlock the economic potential of Vietnam's mountainous areas, the International Cooperation Department (ICD) under the Government Committee for Ethnic Minority Affairs has joined hands with the Institute for International Investment Studies (ISC) through a strategic cooperation agreement.

Tien Son district, the biggest tea cultivation area in Phu Tho province. (Photo: VNA)
Tien Son district, the biggest tea cultivation area in Phu Tho province. (Photo: VNA)

Hanoi (VNA) – In a move to unlock the economic potential of Vietnam's mountainous areas, the International Cooperation Department (ICD) under the Government Committee for Ethnic Minority Affairs has joined hands with the Institute for International Investment Studies (ISC) through a strategic cooperation agreement.

This partnership aims to improve the quality and effectiveness of foreign investment collaboration and attraction in mountainous provinces, thereby contributing to their comprehensive socio-economic development.

The agreement outlines three key areas of collaboration, including educating officials from mountainous provinces about legal knowledge, state management skills in foreign investment and the best practices in foreign investment; leading and coordinating investment promotion activities in these regions; and providing mutual consultation on activities related to international investment cooperation.

Phan Huu Thang, Chairman of both ISC and the Vietnam Industrial Park Finance Association (VIPFA), hailed the agreement as a significant step.

He underlined its potential to pool international resources and capabilities for the benefit of ethnic minority and mountainous regions. Ultimately, this partnership aims to improve the lives of local residents and accelerate Vietnam's integration into the global economy./.

VNA
#Government Committee for Ethnic Minority Affairs #Vietnam Industrial Park Finance Association #Institute for International Investment Studies Vietnam
Follow VietnamPlus

Related News

See more

A production line for electrical wires at Bandai Vietnam Co., Ltd., in Bo Trai Industrial Park in Hoa Binh ward of Phu Tho province. (Photo: VNA)

High-quality FDI expected to drive new growth model

The resolution calls for a shift in development mindset, positioning FDI as a key driver of growth model transformation, with a focus on quality, value addition and continuous improvement of intrinsic capacity and self-reliance of the economy. Many experts and businesses believe the policy provides a timely strategic boost, helping Vietnam to capitalise on the ongoing global supply chain realignment.

Workers produce sportswear at AMPFIELD (Vietnam) Co., Ltd. in the Tan Binh Industrial Park, Ho Chi Minh City. (Photo: VNA)

Ho Chi Minh City shifts focus to new-generation FDI

Ho Chi Minh City is currently home to 20,259 FDI projects with total registered capital of nearly 142 billion USD from 152 countries and territories. In the first half of 2026, the city attracted more than 6.8 billion USD, fulfilling 62% of its annual target.

A shopper at a supermarket in Hanoi. (Photo: VNA)

Supermarkets expand promotion of OCOP, Vietnamese products

The campaign is expected to stimulate domestic consumption, boost retail sales, support economic growth, promote Vietnamese brands and encourage consumers to prioritise locally made products while attracting international visitors via shopping events.

Vietnamese Ambassador to Brazil Bui Van Nghi speaks at the seminar. (Photo: VNA)

Vietnam, Brazil seek ways to promote trade, investment cooperation

Vietnamese Ambassador to Brazil Bui Van Nghi informed that two-way trade reached 4.22 billion USD in the first six months of 2026, up 16.8% year-on-year. Brazil's exports to Vietnam exceeded 2 billion USD, rising 16.6%, while its imports from Vietnam totalled about 2.11 billion USD, an increase of 17%.

Wave Alpha, Honda Vietnam’s best-selling manual motorcycle model each month. (Photo: Bnews/VNA)

Honda Vietnam posts strong car sales growth, leads motorcycle market

The company sold 172,299 motorcycles in June, up 4.7% from the same month last year, highlighting steady consumer demand even as the market gradually shifts towards greener transport options. For the first six months of 2026, motorcycle sales reached 515,743 units, up 0.6% year-on-year.