Vinh Phuc seeks to attract more strategic investors from Japan

The People’s Committee of Vinh Phuc held a conference on March 8 with a view to attracting more strategic investors from Japan to the northern province.
Vinh Phuc seeks to attract more strategic investors from Japan ảnh 1Vice Chairman of the Vinh Phuc People's Committee Vu Chi Giang speaks at the conference on March 8. (Photo: VNA)
Vinh Phuc (VNA)– The People’s Committee of Vinh Phuc held a conference on March 8 with a viewto attracting more strategic investors from Japan to the northern province.

The event looked to promotethe attraction of strategic investment to such fields as processing,manufacturing, hi-tech agriculture, trade, and services while creating a chancefor local enterprises to boost cooperation with Japanese partners.

Representatives of JV Livestock Co. Ltd, Sojitz, and Vietnam Dairy Products JSC (Vinamilk)said they have received assistance from local authorities to address obstaclesand difficulties related to administrative procedures, tax, site clearance, andothers.

Other businesses notedVietnam is a big market and Vinh Phuc boasts favourable conditions, adding thatif possible, Japanese firms hope to cooperate with the province to set upproduction chains in some potential sectors.

By the end of 2022,Vinh Phuc was home to 1,270 investment projects, including 445 foreign directinvestment (FDI) projects worth 7.55 billion USD and 825 domestic directinvestment ones worth over 121 trillion VND (5.1 billion USD).

Among the 20 countriesand territories investing in the province, Japan ranked second with 58 projectsworth more than 1.6 billion USD, after the Republic of Korea in terms of the registeredcapital.

Most Japaneseinvestors in Vinh Phuc are operating in mechanics, automobile and motorcycle production,electronics manufacturing, and industrial park infrastructure development. Theyaccount for 88% of FDI firms’ contributions to the local budget, according tothe provincial People’s Committee./.
VNA

See more

ASEAN, China promote cross-border payments

ASEAN, China promote cross-border payments

In the first quarter of 2025, the value of RMB transactions between China and Malaysia reached 102 billion RMB (4 billion USD), up 27% year-on-year, while transactions with Cambodia reached 5 billion RMB (686 million USD), an increase of 45% compared to the same period in 2024.

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.