The northern mountainous province of Lao Cai was set to become a bridge connecting economic and external relations between Vietnam, ASEAN countries and the southwest of China, Deputy Prime Minister Trinh Dinh Dung said last week.
An overview of Lao Cai province (Source: baochinhphu.vn)
Lao Cai (VNS/VNA) - Thenorthern mountainous province of LaoCai was set to become a bridge connecting economic and external relationsbetween Vietnam, ASEAN countries and thesouthwest of China, Deputy Prime Minister Trinh Dinh Dung said last week.
The vision is to turn theprovince into a hub of tourism, services, iron and steel, and chemical-freeagriculture.
The long-term plan is todevelop synchronised and modernised socio-economic infrastructure and transformthe province into a centre of research and preserve the identities of ethnicgroups in the northwest of Vietnam.
The Deputy Prime Ministerhas asked for local infrastructure improvements while focusing on disadvantagedareas and improving the lives of local people.
The plan also specifies theeffective use of natural resources, while preserving historic and culturalvalues and natural heritages.
The province has beenencouraged to apply advanced technology and digitalise data as part of theplan.
Local authorities mustanalyse, assess and forecast development conditions including infrastructureand land use, Dung said.
Domestic and internationalfactors that could affect the province’s growth should be taken intoconsideration.
Lao Cai, almost 300km from Hanoi, is located in the centre of Vietnam’s north and shares a 200km border with Yunnan,China.
Covering nearly 640ha, theprovince is home to the well-known tourism town of Sa Pa. Tourism is a brightspot in economic development.
The province’s GDP reached10.23 percent last year and ranked 3 out of 14 northern mountainous localities,and Lao Cai’s Provincial Competitiveness Index ranked 12among 63 provinces and cities last year.
Prime Minister Nguyen Xuan Phuc previously asked the province to strive tobecome one of the top 15 developing localities in the country./.
Measures to further enhance socio-cultural and economic cooperation between ASEAN and China were the main focus of the 12th China-ASEAN Conference on People to People Friendship Organisations (CACPPFO) held in Bandung city, Indonesia, on November 12.
The 25th ASEAN Transport Ministers’ Meeting (ATM 25) and related meetings have been a success with the signing of a number of important agreements to facilitate air, maritime and land transportation, Transport Minister Nguyen Van The told a press conference in Hanoi on November 15.
ASEAN defence ministers and their counterparts from China, Japan and the US held informal meetings on November 17, in the framework of the ASEAN Defence Ministers’ Meeting Retreat (ADMM Retreat) in Bangkok, Thailand.
Ambassador Tran Duc Binh, head of Vietnam's permanent mission to ASEAN, has attended the 9th Meeting of the Joint Council of the ASEAN – China Centre (ACC) in Xian, China.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.