A groundbreaking ceremony for an international conference centre in the northern province of Vinh Phuc, invested by property developer FLC Group, was organised in the locality on October 12.
The management board of industrial parks in northern Vinh Phuc province granted investment licences to 57 projects in the first nine months of this year.
The northern province of Vinh Phuc’s industry has been growing to become a key economic sector that contributes greatly to the local gross regional domestic production (GRDP).
Along with investing in building infrastructure and promoting production, businesses at industrial parks (IPs) in the northern province of Vinh Phuc are also focusing on sewage treatment and environmental protection to ensure the health and safety of workers.
The northern midland province of Vinh Phuc has reaped significant achievements in investment attraction thanks to its efforts in renewing methods in this regard.
By 2045, when Vietnam becomes a developed country, Hanoi must have developed into one of the political, economic and cultural centres in East Asia, according to Prime Minister Nguyen Xuan Phuc.
The northern mountainous province of Yen Bai granted in-principle approval for 15 investment projects worth a total 3 trillion VND (nearly 130 million USD) during a meeting with investors on March 1.
The Ministry of Industry and Trade (MoIT) has called for more solar power producers in Vietnam to enjoy fixed feed-in-tariffs (FIT) instead of a bidding mechanism.
Domestic and foreign investors signed memoranda of understanding on 19 investment projects worth over 205 trillion VND (8.84 billion USD) in the Mekong Delta province of Tra Vinh at an investment promotion conference held by the province on January 15.
The property market in the northern province of Bac Ninh is likely to continue to be in full swing in 2020 thanks to waves of investment into industrial real estate.
Ba Ria-Vung Tau province, one of eight provinces and cities in the Southern Key Economic Zone, has for many years been an ideal destination for foreign investors thanks to its natural advantages and comprehensively developed infrastructure in addition to attractive incentives.
A total of 135 projects have been put into operation at industrial parks in the northern province of Bac Ninh so far this year, raising the total number of operational projects in local IPs to 1,070.
Quang Ninh province has invested more than 38 trillion VND (1.6 billion USD) in service infrastructure so far this year to promote socio-economic development.
Officials attending a conference on August 20 underlined the need to promote connectivity among central localities so as to create a driving force for economic growth of the whole region.
Vietnam has become more attractive to foreign investors than ever before as various freshly-inked new-generation free trade deals, including the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA), are expected to facilitate trade and benefit foreign enterprises.
An investment promotion conference was held in Tokyo on July 1 where Prime Minister Nguyen Xuan Phuc said Vietnam will be the “promised land” for Japanese investors.
Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).
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