Quang Ninh province's leader granted the investment registration certificate to Foxconn. (Photo vneconomy.vn)
Hanoi (VNS/VNA) – The northeastern province of Quang Ninhrecently approved two Foxconn projects totalling more than 246 million USD ininvestment.
Foxconn Singapore Pte Ltd will carry out two projects,namely the Foxconn Quảng Ninh FMMV factory and the FECV Foxconn Quang Ninhfactory.
Both factories will be located in the Song Khoai Industrial Park in the coastaleconomic zone of Quang Yen.
The FECV Foxconn Quang Ninh plant project spans 6.3 hectares and has a totalinvestment capital of more than 4.7 trillion VND (197.8 million USD).
The project aims to establish a factory specialising in the production andassembly of electrical accessories for electric vehicles. Once the factory iscompleted in January 2025, it is expected to employ some 1,200 workers.
Meanwhile, the FMMV Foxconn Quang Ninh plant project covers 4.1 hectares andhas a total investment of roughly 1.1 trillion VND (46.3 million USD).
The factory is built to produce IT and communication products.
A Foxconn spokesman said that the technological lines, machinery, and equipmentemployed by both facilities are from Japan, the Republic of Korea, mainlandChina, Taiwan (China), and Vietnam.
The recent announcement means Foxconn Group's total investment in Quang Ninhprovince now spans to three projects, worth more than 300 million USD./.
The Taiwan-based Foxconn said it has partnered with Indonesia's Investment Ministry and several companies to support the development of electric vehicles (EV) in the Southeast Asian nation.
Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
Nikkei Asia has reported that tech giant Apple plans to move some MacBook production to Vietnam for the first time next year as the group continues diversifying its production base.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Quang Ninh province's leader granted the investment registration certificate to Foxconn. (Photo vneconomy.vn) 
