The northern province of Vinh Phuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and 54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2 percent and 122.7 percent year-on-year, respectively.
Labourers working at Youngbag ViNa Co., Ltd in Binh Xuyen Industrial Park, Vinh Phuc province (Photo: VNA)
Vinh Phuc (VNA) – The northern province of VinhPhuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2percent and 122.7 percent year-on-year, respectively.
As of October 31, the total budget revenue in the province reached nearly 27.7trillion VND, equivalent to 90 percent of the estimated. Of which, domesticrevenue reached 23.5 trillion VND, equal to 87 percent of the estimates and up 24percent over the same period last year.
In recent years, a series of industrial zones in Vinh Phuc havebeen established, generating jobs and stable incomes for local labourers.
The locality is now home to eight industrial parks with 328enterprises, which have so far employed nearly 110,000 labourers.
Construction of a number of new IP projects has been sped up.Notably, the Thang Long - Vinh Phuc industrial park, whose construction started inSeptember 2017, covers an area of over 213 ha in Thien Ke and Tam Hop communes ofBinh Xuyen district. It is invested by Japan's Sumitomo Group.
So far, the IP’s infrastructure facilities have been basically completed. Asmany as 18 businesses are operating in the IP, providing jobs to thousands ofemployees.
Once completed and fully put into operation, the IP is expected to attract 60to 70 investment projects from Japan, and about 20,000 to 22,000 employees.
The provincial People's Committee has ordered departments and sectors to carry out more measures to effectively respond to and control the COVID-19 pandemic,especially in industrial parks.
The local authorities have paid special attention to helping businesses remove difficulties caused by the pandemic and applying informationtechnology to support taxpayers./.
President Nguyen Xuan Phuc on September 7 lauded the northern province of Vinh Phuc for its efforts in fighting COVID-19 and maintaining the operation of businesses in the locality amid the pandemic spread.
The northern province of Vinh Phuc has set the goal of having 70 enterprises eligible to become first-tier and second-tier suppliers for manufacturers of automobile, motorcycle, electronic products and partially supply for large enterprises or corporations or exports by 2030.
The Department of Agriculture and Rural Development of Vinh Phuc, Viettel Vinh Phuc and many agribusinesses and co-operatives on September 15 signed an agreement to pave the way for the distribution of local farm products on Voso.vn.
The northern province of Vinh Phuc should continue to implement the Resolution of the 13th National Party Congress in association with the implementation of the Politburo's Directive 05 on enhancing the studying and following of President Ho Chi Minh's thought, morality and lifestyle, said Politburo member and Standing member of the Party Central Committee’s Secretariat Vo Van Thuong.
A 40-year-old woman in the northern province of Vinh Phuc was arrested by local police on October 4 for allegedly “abusing rights to freedom and democracy to infringe upon the interests of the State and the legitimate rights and interests of organisations and citizens” under Article 331 of the 2015 Penal Code.
Although the complicated developments of the COVID-19 pandemic made the number of newly-established businesses during January-September in Vinh Phuc not high, the amount of registered investment in the northern province increased significantly compared to the same period last year.
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&.
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.
Labourers working at Youngbag ViNa Co., Ltd in Binh Xuyen Industrial Park, Vinh Phuc province (Photo: VNA) 
