FDI firms in Vinh Phuc province recruit more workers
Foreign direct investment (FDI) enterprises have played an increasingly important role in boosting socio-economic development in the northern province of Vinh Phuc, especially in generating jobs for workers.
Vinh Phuc (VNA) – Foreign direct investment (FDI) enterprises haveplayed an increasingly important role in boosting socio-economic development inthe northern province of Vinh Phuc, especially in generating jobs for workers.
In 2017, theprovince had 139 FDI businesses which employed 70,551 labourers with an averageincome of 4.9 million VND (211 USD) per person per month.
By the end oflast year, there were 305 valid FDI projects in the province, which generatejobs for 82,000 workers, with an average income of 7 million VND per person permonth.
To attract FDIfirms, Vinh Phuc has synchronously implemented measures such as speeding upground clearance, offering incentives on land rent, and investing ininfrastructure at industrial zones.
It has paidattention to investment promotion, and employment affairs, with the focus placedon offering vocational training for locals.
The province hasalso stepped up the dissemination of information to raise awareness ofenvironmental protection among enterprises and investors, and intensifiedinspections to detect and handle law violations related to environmentalprotection.-VNA
Authorities of the northern province of Vinh Phuc always support and create the most favourable conditions for Italian firms, especially those operating in producing hi-tech auto accessories and components,to expand investmentin the locality, a local leading official has said.
The northern province of Vinh Phuc is planning to spend more than 4 trillion VND (172.5 million USD) on the national target programme on building new-style rural areas in the 2017-2020 period.
Vietnam will remain an attractive investment destination in 2019, though impacts of the US-China trade tension that triggered a downturn in global stock markets in 2018 will not end soon, said Managing Director and Chief Investment Officer of VinaCapital Andy Ho.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
