Want to be in the loop?
subscribe to
our notification
Business News
VINH PHUC ATTRACTS OVER US$430 MLN OF FDI FUND IN H1, 2024
Vinh Phuc province licensed nearly US$436 million of foreign direct investment (FDI) fund in the first six months of 2024, up 28% year on year and nearly 9% higher than the target set for 2024.
Carrying out the action plan for implementation of the Foreign Investment Cooperation Strategy for the 2021-2030 period and the Strategic Investor Attraction Project to 2030, the province has this year presented and introduced local investment climate, policies, potential and opportunities; accelerated investment promotion via central and local media agencies; sent investment promotion documents to investors and Vietnamese embassies in other countries; and received and worked with many corporations seeking to explore investment policies and procedures such as Young Poong Group, META Investment Fund and Grandway Singapore Company.
Therefore, Vinh Phuc licensed US$435.8 million of FDI fund in the first six months, up 28% year on year and nearly 9% higher than the full-year target (US$400 million). Of the sum, nearly US$210 million was invested in manufacturing electronic products, computers and optical products. By the end of June 2024, the province had 473 FDI projects with US$8.3 billion of pledged capital.
Currently, 20 countries and territories have investment projects in the province. South Korea has the most investors, with 231 projects and more than US$3 billion of registered capital. These figures show that FDI flows into Vinh Phuc province continue to grow and set new records in the context of challenging economy.
Vinh Phuc province required all relevant bodies to effectively implement tasks and solutions for a better investment environment and stronger competitiveness to facilitate for businesses and investors to seek investment opportunities from now until the end of the year.
At the same time, the province has grasped investment situations and trends to have appropriate, flexible and timely solutions in investment promotion, appraisal, investment licensing and facilitation of foreign investors to boost production and business to support growth, budget revenue, job creation, and export expansion.
Source: VCCI
Related News
MEMBER CORNER / PROMOTIONS
SAFETY IS LIFE – DISCIPLINE IS STRENGTH
At Phuc Vuong, we believe that no project is more important than human life. To us, safety is not just a slogan; it is a vital principle with no exceptions. All these efforts serve one simple goal: to ensure every colleague can work with peace of mind, and every worker returns home safe and sound after every shift. This is our highest commitment and the sustainable foundation that Phuc Vuong always upholds.
MEMBER CORNER / PROMOTIONS
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
HOSPITALITY / TOURISM / ENTERTAINMENT
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS
Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
Events Sponsors
