Hung Yen pledges maximum support to foreign investors
Hung Yen is willing to give maximum support to foreign businesses, including those from Taiwan (China), stated Chairman of the provincial People’s Committee Tran Quoc Van while working with a delegation of Taiwanese electronics firms in the locality on September 26.
Industrial parks and clusters in Hung Yen have hosted more than 2,100 projects, including 500 by large-scale investors from 20 countries and territories (Photo: VNA)
Hung Yen (VNA) – Hung Yen is willing to givemaximum support to foreign businesses, including those from Taiwan (China), statedChairman of the provincial People’s Committee Tran Quoc Van while working witha delegation of Taiwanese electronics firms in the locality on September 26.
The official briefed the representatives on the local potential andadvantages, especially in transport infrastructure, productionspace, and constant policies.
Located in the centre of the NorthernKey Economic Region and the eastern development corridor of Hanoi-HaiPhong-Quang Ninh, a dynamic economic centre and driving force of Vietnam, Hung Yen has recorded high economic growth with varioussupporting policies for businesses, he said.
Van noted that local industrial parks and clusters havehosted more than 2,100 projects, including 500 by large-scale investors from 20countries and territories with combined capital nearing 6 billion USD. Of thetotal, 11 are run by Taiwanese firms with a total capital of nearly 82 millionUSD.
He said that Hung Yen is always ready to support foreigninvestors, including those from Taiwan, in all investment stages, especially inadministrative procedures.
The Taiwanese hailed the infrastructure system of Hung Yen,especially the land reserve for factory construction, power supply andpollution treatment systems, as well as its port services, high-quality humanresources and incentives for investors in electronics, high technology andgreen energy development.
They showed their interest in cooperating with Hung Yen inconstructing factories to manufacture semi-conductor and electronic products.
During their visit, the delegation toured the 300-hectare LyThuong Kiet IP in Yen My, An Thi and Khoai Chau districts, the 245-hectare ThangLong II IP in Yen My district and My Hao town, and Ecopark urban project andOcean Park 2 project in Van Giang district./.
A consortium of Vinaconex and the Republic of Korea’s Kyeryong has just won a bidding package worth over 1 trillion VND (over 42.4 million USD) to build infrastructure for a clean industrial park in the northern province of Hung Yen.
The northern province of Hung Yen is pushing forward with administrative procedure reform as part of efforts to build a transparent and modern administration.
The Red River Delta province of Hung Yen is currently home to five national treasures, two of which are kept at Huong Lang Pagoda - an ancient Buddhist temple in Minh Hai commune, Van Lam district.
The northern province of Hung Yen is currently providing 21 out of the 25 essential public services on the National Public Service Portal, following the Government’s project on enhancing the application of population data, e-identification and e-authentication in the national digital transformation in the period of 2022 - 2025, with a vision to 2030.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.