A corner of Viet Tri city in Phu Tho (Source: baophutho.vn)
Washington DC (VNA) – A conference promotinginvestment in Phu Tho province in northern Vietnam took place inWashington DC on August 22.
At the event, Chairman of the provincial People’sCommittee Bui Van Quang affirmed that Phu Tho is ready to welcome US enterprisesand investors and stand side by side with them throughout their investment andoperation processes.
Vietnamese Ambassador to the US NguyenQuoc Dung stated that the embassy will connect Vietnamese and US partners in the spirit of harmonised interests and shared risks set by the Prime Minister.
With favourable geographic location, about 50km from Hanoi’s Noi Bai international airport, Phu Tho boasts potential and conditions for the development of industry,agriculture, services, and trade.
Its economy has grown 7.86% on an annual basis in recent years, reaching 3.5 billion USD in 2021. The local import-export revenuesurpassed 16 billion USD last year and topped 12 billion USD in the first halfof 2022.
In Viet Tri city (Source: viettri.gov.vn)
Currently housing over 200 valid foreign-funded projects,the province is looking to attract investment in advanced technology, cleanenergy, IT, electronic devices, supporting industries, health care, and education,among others./.
Exports-imports in the northern mid-land province of Phu Tho continued increasing in the first half of this year thanks to its abundant stocks of materials and stable production-trade activities.
The northern province of Phu Tho has set a target of luring 2-2.5 billion USD in foreign direct investment (FDI) and disburse up to 70 percent of the sum by 2025.
FLC Group on January 8 started construction on a 10 trillion VND (440.7 million USD) eco-resort tourism complex, FLC Phu Tho, in the northern province of Phu Tho.
Phu Tho province’s efforts to improve its business and investment environment have paid off evidenced by the fact that the northern midland locality has attracted many important projects which are expected to help open up more socio-economic development opportunities.
The northern mid-land province of Phu Tho is striving to have 56 more products meet the One Commune, One Product (OCOP) programme standard as a three star or higher manufactured goods ranking.
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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A corner of Viet Tri city in Phu Tho (Source: baophutho.vn) 
In Viet Tri city (Source: viettri.gov.vn) 
