The northern province of Vinh Phuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and 54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2 percent and 122.7 percent year-on-year, respectively.
Labourers working at Youngbag ViNa Co., Ltd in Binh Xuyen Industrial Park, Vinh Phuc province (Photo: VNA)
Vinh Phuc (VNA) – The northern province of VinhPhuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2percent and 122.7 percent year-on-year, respectively.
As of October 31, the total budget revenue in the province reached nearly 27.7trillion VND, equivalent to 90 percent of the estimated. Of which, domesticrevenue reached 23.5 trillion VND, equal to 87 percent of the estimates and up 24percent over the same period last year.
In recent years, a series of industrial zones in Vinh Phuc havebeen established, generating jobs and stable incomes for local labourers.
The locality is now home to eight industrial parks with 328enterprises, which have so far employed nearly 110,000 labourers.
Construction of a number of new IP projects has been sped up.Notably, the Thang Long - Vinh Phuc industrial park, whose construction started inSeptember 2017, covers an area of over 213 ha in Thien Ke and Tam Hop communes ofBinh Xuyen district. It is invested by Japan's Sumitomo Group.
So far, the IP’s infrastructure facilities have been basically completed. Asmany as 18 businesses are operating in the IP, providing jobs to thousands ofemployees.
Once completed and fully put into operation, the IP is expected to attract 60to 70 investment projects from Japan, and about 20,000 to 22,000 employees.
The provincial People's Committee has ordered departments and sectors to carry out more measures to effectively respond to and control the COVID-19 pandemic,especially in industrial parks.
The local authorities have paid special attention to helping businesses remove difficulties caused by the pandemic and applying informationtechnology to support taxpayers./.
President Nguyen Xuan Phuc on September 7 lauded the northern province of Vinh Phuc for its efforts in fighting COVID-19 and maintaining the operation of businesses in the locality amid the pandemic spread.
The northern province of Vinh Phuc has set the goal of having 70 enterprises eligible to become first-tier and second-tier suppliers for manufacturers of automobile, motorcycle, electronic products and partially supply for large enterprises or corporations or exports by 2030.
The Department of Agriculture and Rural Development of Vinh Phuc, Viettel Vinh Phuc and many agribusinesses and co-operatives on September 15 signed an agreement to pave the way for the distribution of local farm products on Voso.vn.
The northern province of Vinh Phuc should continue to implement the Resolution of the 13th National Party Congress in association with the implementation of the Politburo's Directive 05 on enhancing the studying and following of President Ho Chi Minh's thought, morality and lifestyle, said Politburo member and Standing member of the Party Central Committee’s Secretariat Vo Van Thuong.
A 40-year-old woman in the northern province of Vinh Phuc was arrested by local police on October 4 for allegedly “abusing rights to freedom and democracy to infringe upon the interests of the State and the legitimate rights and interests of organisations and citizens” under Article 331 of the 2015 Penal Code.
Although the complicated developments of the COVID-19 pandemic made the number of newly-established businesses during January-September in Vinh Phuc not high, the amount of registered investment in the northern province increased significantly compared to the same period last year.
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.
Labourers working at Youngbag ViNa Co., Ltd in Binh Xuyen Industrial Park, Vinh Phuc province (Photo: VNA) 
