Southeastern region opens door wide for foreign investors. (Photo: VNA)
HCM City (VNA) – Localities in the southeasternregion remain a magnet to foreign investors thanks to their huge potential andincentives.
Since 2020, Binh Duong has been among the leadinglocalities in foreign direct investment (FDI) attraction, with 9.56 billionUSD, surpassing the target set for the 2020-2025 period, and emerging as a “brightspot” of the region in economic recovery post COVID-19.
Up to 65 countries and territories have registeredto invest in the province with nearly 4,200 valid projects worth more than 40.2billion USD, with 75% from Asia.
Another bright spot is Ba Ria-Vung Tau province, whichhas lured 20 FDI projects so far this year valued at over 751 million USD, upfive projects and more than 481 million USD from the same period last year.
The projects come from major groups of the Republicof Korea (RoK), Australia, Japan, Norway and Thailand.
As of the end of October, Dong Nai lured nearly 1billion USD in FDI, exceeding its target by 300 million USD, mainly incomponent manufacturing, mechanics, food and energy, with no projects causingenvironmental pollution or labour intensive.
To attract quality FDI, Binh Duong has rolled out harmonioussolutions in transport infrastructure, logistics and personnel, while focusingon smart city building, with attention paid to attracting investments toscience-technology parks on the basis of the fourth Industrial Revolution.
Illustrative image (Source: VNA)
Notably, local leaders and businesses have travelledabroad to call for investments from such potential markets as the US, Canadaand Australia, said Permanent Vice Chairman of the provincial People’sCommittee Mai Hung Dung.
Ba Ria-Vung Tau has also worked to reformadministrative procedures, and invested in the transport sector.
Chairman of the provincial People’s Committee NguyenVan Tho said Ba Ria - Vung Tau has supported enterprises facing financialdifficulties, promising that the locality will create optimal conditions forinvestors to launch projects in the province./.
A delegation from the Sacheon City Council of the Republic of Korea (RoK), led by its Chairman Yun Hyeong-keun, visited and held a working session with the People's Committee of Vung Tau city in the southern province Ba Ria-Vung Tau on October 13.
A high-level forum on green growth is expected to be held in the southern province of Binh Duong next year as its organisation plan was discussed at a meeting between the European Chamber of Commerce in Vietnam (Eurocham) and local leaders on November 20.
The southern province of Ba Ria-Vung Tau is working to improve its tourism brand and overall experience for visitors, on the back of its advantages like year-long mild and warm climate with beaches, rich and diverse mangrove ecosystems and harmonious tourism infrastructure.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Southeastern region opens door wide for foreign investors. (Photo: VNA) 
Illustrative image (Source: VNA) 
