Business

Vinh Phuc diversifies investment promotion activities

The northern province of Vinh Phuc’s efforts in attracting investors have recently been rewarded with an influx of foreign investment.
Vinh Phuc diversifies investment promotion activities ảnh 1Illustrative image (Source: VNA)

Vinh Phuc (VNA) – The northern province of Vinh Phuc’s efforts in attracting investors have recently been rewarded with an influx of foreign investment.

The province has intensified investment promotion activities in promising markets as well as countries and territories with advanced science and technology.

At the same time, work has been stepped up in localities to zone land for investment projects.

With infrastructure construction in industrial areas, on-the-spot human resources development and administrative reform, Vinh Phuc has tackled difficulties facing businesses.

The province paid special attention to luring science-technology intensive projects in the fields of mechanics, electronics, material construction, support industry and agriculture.

Delegations of provincial officials have travelled to countries with developed industries, and cutting-edge science and technology to woo investors.

These efforts paid off, as more than 220 foreign direct investment projects with combined registered capital of over 3.4 billion USD from 16 countries and territories have landed in the locality as of June 2016.

Of the total, Japan is running 26 projects valued at more than 786 million USD in total.

Chairman of the provincial People’s Committee Nguyen Van Tri said Vinh Phuc aims to become a centre of car and motorbike manufacturing.-VNA

VNA
#foreign investment #promising markets #support industry #motorbike manufacturing Vinh Phuc
Follow VietnamPlus

Related News

See more

Buon Ma Thuot Coffee Festival wraps up on March 13. (Photo: VNA)

Buon Ma Thuot Coffee Festival wraps up

This year’s festival, themed “Buon Ma Thuot – Coffee City,” featured 17 official activities alongside various supporting events across the province. Notably, the festival coincided with the 50th anniversary of Buon Ma Thuot’s victory and the liberation of Dak Lak province (March 10, 1975 – 2025). The event attracted around 250,000 visitors, including 1,800 international guests, leaving a lasting impression with its vibrant cultural programmes rich in traditional identity.

Special Envoy of the Prime Minister, Minister of Industry and Trade Nguyen Hong Dien (R) and US Trade Representative Jamieson L. Greer (Photo: Ministry of Industry and Trade)

Vietnam, US strengthen economic, trade partnership

Vietnam’s consistent policy is to build harmonious, sustainable, stable, and mutually-beneficial economic and trade ties with the US, he stated, adding that Vietnam has no intention to create any barriers that could harm the US’s workers or economic and national security.

Mud crabs in Australia are similar to those from Ca Mau but priced very high. (Photo: VNA)

More Vietnamese products expected to enter Australian market

Among the various Vietnamese goods exported to Australia, agricultural, forestry, and aquatic products, along with fruits and vegetables, still have much room to grow. They are now widely available in Australia, even reaching remote areas such as the Northern Territory.

An aeroplane at the international terminal of Da Nang Airport. (Photo courtesy of AHT)

New air routes to link Da Nang with Kazakhstan

Kazakhstan's national flag carrier Air Astana and SCAT Airlines have scheduled flights from Almaty and Astana to Da Nang starting this June, after the two airlines worked with the Airports Corporation of Vietnam (ACV) to launch the new air routes.

Deputy Prime Minister Nguyen Chi Dung (R) receives Lien Andrew Michael, Vice President and General Director of Asian factories at Wanek Furniture Co., Ltd. (Photo: VNA)

Deputy PM receives Vice President of Wanek Furniture

Deputy Prime Minister Nguyen Chi Dung applauded Wanek Furniture's plan to expand its investment in Vietnam in the next five year, while encouraged the company to discuss any challenges with the Vietnamese Government during the expansion process.

Fuel prices cut for third consecutive time (Photo: VNA)

Fuel prices cut for third consecutive time

The price of E5RON92 gasoline is capped at 19,281 VND (0.76 USD) per litre, down 680 VND, while RON95-III is priced at no more than 19,649 VND per litre, a decrease of 753 VND.

Illustrative image (Photo: VNA)

Vietnam partners with Israel for hi-tech agricultural innovation

Vitad and Ginosar will establish a dedicated laboratory in Vietnam by the end of this year. Ginosar will leverage its infrastructure, genetic resources, and core technology to transfer lab capabilities to Vitad. This move will enable the company to develop superior crop varieties for large-scale cultivation, building extensive raw material zones to expand exports and create substantial economic value for Vietnamese farmers and businesses.

A corner of Hanoi capital city (Photo: VNA)

Hanoi to slash business conditions by at least 30%

In a document issued on March 11, the Hanoi People’s Committee stressed the need to mobilise all economic sectors, businesses and citizens to engage in socio-economic development, contributing to national growth. All institutional frameworks, mechanisms, and policies must be aligned with the objective.

Representatives from the Agriculture and Environment Newspaper and the German Agricultural Society (DLG) at the event (Photo: VNA)

Opportunities for German agribusinesses in Vietnam

The Agriculture and Environment Newspaper and the German Agricultural Society (DLG) will focus on key agricultural industries, facilitating knowledge and technology transfer between delegations from the two countries. Opportunities will also be explored to recognise individuals and organisations with significant contributions to agricultural development in both Vietnam and Germany.