The northern province of Bac Giang ranked ninth among localities nationwide in attracting foreign direct investment (FDI) in the first months of this year.
BacGiang (VNA) – The northern province of Bac Giang ranked ninth amongloc🍃alities nationwide in attracting foreign direct investment (FDI) in thefirst months of this year.
Accordingto Deputy Director of the provincial Department of Planning and InvestmentNguyen Cuong, Bac Giang approved investment intention and licensed 13 FDIprojects with total capital of nearly 229 million USD. Inaddition, 12 existing FDI projects raised their investment capital by a combinedmore than 209 million USD. Thetotal volume of FDI inflow so far this year was equivalent to 94.8 percent ofthe figure in the same period last year. Thenew projects included, the province is home to 464 FDI projects with totalcapital of over 6.12 billion USD. Apartfrom foreign investment, Bac Giang also attracted 34 domestic projects worthmore than 3.5 trillion VND (149 million USD) in the past four months. Despitethe impact of the COVID-19 epidemic, the index of industrial production in the firstfour months of this year of Bac Giang increased by 7.7 percent. However, thisis the lowest growth rate for many years. Theprovincial administration will continue with measures to tackle difficultiesfor production and business, particularly enterprises’ access to credit andproblems in taxation, trade and electronic payment. Localdepartments, agencies and authorities are required to coordinate closely inimproving the business and investment environment and the Provincial CompetitivenessIndex (PCI)./.
With over two thousand cultural and historical relics spread, the northern province of Bac Giang is focusing on investing and promoting the value of these relics sites so that they can be used to look develop spiritual tourism, targeting turning tourism into an important economic sector for the locality.
The battle of Chi Lang-Xuong Giang in 1427 was a decisive milestone marking the victory of Dai Viet (now Vietnam) under King Le Loi’s command against invaders from the North of the country, the Ming dynasty. With such historical significance, Xuong Giang relic site in Bac Giang city, Bac Giang province was recognised as a Special National Historical Relic Site at the end of 2019.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Photo: VNA) 
