Efforts to reform administrative procedures and provide greater support for investors helped the northern province of Quang Ninh reap remarkable success in attracting domestic and foreign investment.
A corner of Ha Long Bay, Quang Ninh province (Source: VNA)
Efforts to reform administrative procedures and provide greater support for investors helped the northern coastal province of Quang Ninh reap remarkable success in attracting domestic and foreign investment flows.
The construction of a five-star Sheraton hotel worth 40 million USD commenced in the locality on October 10, only 9 days after its investors and the local authorities signed a cooperation agreement.
Local authorities, Starwood Hotels & Resorts Worldwide, Inc from the US and the Club M Ha Long Joint Stock Company inked two agreements on October 1 to cooperate in managing and developing the Sheraton hotel.
In 2012, Quang Ninh province broke the record for the time it took to grant an investment certificate for a 300 million USD fibre plant project invested by China’s Texhong Yinlong Science and Technology Co., Ltd in the Hai Yen Industrial Park. The project’s investor received investment permission only 24 hours after submitting its document.
In April 2014, the local authorities also granted an investment certificate to the Hai Ha International Investment Co., Ltd and the Texhong Hai Ha Industrial Park Co., Ltd under China’s textile group Texhong to develop i nfrastructure for the first phase of the Hai Ha Industry Park (IP) in Hai Ha district within only 15 working days, 23 days less than regulations. The project has a total investment of 4.5 trillion VND (201 million USD).
Apart from the projects mentioned above, Quang Ninh also created favourable conditions for investors to develop big projects important to the locality’s development such as the Dai Duong Park owned by Sun Group Corporation and Vincom Trade Centre and Vinpearl Hotel invested by the Vingroup Joint Stock Company .
Quang Ninh is currently calling for investment in its Mong Cai border gate economic zone (EZ) which has 40 projects in transport infrastructure, culture, trade-service, health-education, electricity, industry, agriculture and the environment.
Investors in the EZ will be eligibl෴e for incentives applied in extremely difficult socio-economic areas such as discounted la🌟nd rent and costs for wastewater treatment facility construction.-VNA
Chinese textile group Texhong kicked off a project to build infrastructure for an industrial park in Hai Ha district in northern Quang Ninh province on November 15.
The Prime Minister has signed a decision to approve a master plan for building the Mong Cai border gate economic zone in the northeast province of Quang Ninh by 2030.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
A corner of Ha Long Bay, Quang Ninh province (Source: VNA)
