Hoa Binh province attracts 15 investment projects worth $2 bln
Hoa Binh province in northern Vietnam granted investment certificates or in-principle approvals to 15 projects with total registered capital of VND47.85 trillion ($2.01 billion) at a conference on Sunday.
Notable projects include the VND29.8 trillion ($1.25 billion) Xuan Thien cement factory in Lac Thuy district, invested by Xuan Thien Hoa Binh Company Limited; the VND122.5 billion ($5.14 million) Lahills resort in Cao Phong district, invested by Lahills Hoa Binh Company Limited; the VND1.8 trillion ($75.55 million) Binh Phu Industrial Park, invested by Phumy Group JSC; and the VND913.2 billion ($38.33 million) urban area in Hoa Binh town, invested by Danko Group JSC.
At the event, Hoa Binh Party chief Nguyen Phi Long affirmed the province is providing various incentives for investors, including corporate income tax (CIT) exemption for the first four years, a 50% reduction in CIT for the next nine years, reduction or exemption of land and water surface leasing fees, and reduction or exemption of import-export taxes.
He added that the northern province is focused on attracting investment in high-tech agriculture, manufacturing, farm produce processing, supply chain, consumer goods, and construction of tourism sites, among others.
Provincial authorities have also called for investment in other 35 projects, including six in industrial park development (Nam Luong Son, Bao Hieu, Tan Phong, among others), and six in trade and market facilities.

Hoa Binh Hydropower Plant in Hoa Binh province, northern Vietnam. Photo courtesy of Laborer newspaper.
Addressing the event, Prime Minister Pham Minh Chinh asked Hoa Binh to complete its provincial planning for 2021-2030, with vision until 2050. He also requested the province to focus on utilizing state resources to lure more private investment; investing in transport infrastructure like an expressway connecting the neighboring province of Son La, Hanoi and other Red River Delta localities; improving the business environment; and building a strong workforce.
On the same day, Chinh attended the groundbreaking ceremony of a VND4.1 trillion ($172.09 million) expressway connecting Hoa Binh and Hanoi to the Hoa Binh-Moc Chau expressway. The first phase of 31 kilometers costing VND1.83 trillion ($76.77 million) is expected to be completed in 2027.
Hoa Binh, a northwestern mountainous province of Vietnam, is a gateway connecting the neighboring country of Laos. In 2022, the province delivered investment certificates and in-principle approvals to 75 projects with total registered capital of VND35 trillion ($1.47 million). As of end-2022, Hoa Binh province had 729 valid projects, comprising of 37 foreign-invested developments worth $608 million and 692 domestic ones of VND183 trillion ($7.68 million).
- Read More
Vietnam PM asks Marubeni to expand investment in gas-fired, offshore wind power
Marubeni should expand its activities in Vietnam in the fields of gas-fired and offshore wind power, export of electricity to ASEAN countries, and development of AI and big data, said Prime Minister Pham Minh Chinh.
Economy - Tue, July 15, 2025 | 12:21 pm GMT+7
Vietnam’s wood pellet industry needs production standardization to meet global demand: experts
Businesses should invest in developing dedicated raw material zones to reduce the Vietnamese wood pellet industry’s reliance on secondary supply sources and ensure compliance with legality and sustainability standards, said an expert.
Economy - Tue, July 15, 2025 | 9:18 am GMT+7
Riding out tariff turbulence, investment funds in Vietnam report strong growth gains
Many equity funds in Vietnam have posted strong growth returns, with gains exceeding 30% since the market’s April 10 trough in 2025, data collected by The Investor shows.
Finance - Tue, July 15, 2025 | 9:00 am GMT+7
Singapore supports businesses, workers amid US tariff pressures
The Singapore Economic Resilience Taskforce (SERT) has announced measures to help Singapore companies adapt to a new U.S. tariff.
Southeast Asia - Mon, July 14, 2025 | 10:11 pm GMT+7
Malaysia makes efforts to minimize US tariff’s impacts
Malaysia’s top export to the U.S. - electronics and electrical products - will face the biggest brunt of a 25% tariff hike that the U.S. has imposed on the country, said head of School of Business under the Monash University Malaysia Prof Nafis Alam.
Southeast Asia - Mon, July 14, 2025 | 10:08 pm GMT+7
Thailand faces $6.14 bln export loss if US tariff is 25-36%: forecast
Thailand could lose up to THB200 billion ($6.14 billion) in export value this year if the U.S. imposes new tariffs ranging from 25-36% on Thai goods, according to a forecast from the University of the Thai Chamber of Commerce (UTCC).
Southeast Asia - Mon, July 14, 2025 | 10:06 pm GMT+7
Southern Vietnam province Tay Ninh okays many high-tech agri projects
Tay Ninh authorities recently granted in-principle approvals to a string of high-tech agricultural projects, paving the way for significant development opportunities in the southern province.
Industries - Mon, July 14, 2025 | 10:00 pm GMT+7
Construction ministry backs $1.95 bln port project in southern Vietnam
Geleximco Group's Cai Mep Ha container and general port project aligns with the national master plan and the master plan for Vietnam’s seaport system, according to the Ministry of Construction.
Infrastructure - Mon, July 14, 2025 | 5:09 pm GMT+7
Electric vehicles in Vietnam: 7 years of development and double-digit growth prospect
The shift toward greener mobility has been underway in Vietnam and the local electric vehicle (EV) market is expected to see double-digit growth thanks to favorable policies, infrastructure development, automakers’ efforts, and a young consumer base.
Economy - Mon, July 14, 2025 | 4:46 pm GMT+7
HCMC apartment prices continue to rise as supply hits 10-year low in H1
The apartment market in former Ho Chi Minh City continued to see rising prices since the total supply in the first six months of 2025 hit the lowest since 2015, according to real estate consultancy firm DKRA.
Real Estate - Mon, July 14, 2025 | 4:03 pm GMT+7
Buyer secures Sunshine Group’s Hanoi shophouse at 15% lower than market price via livestream
A buyer successfully secured a shophouse at property major Sunshine Group’s Noble Palace Tay Thang Long project in Hanoi for VND11 billion ($421,295), VND2.5 billion or 15% below market value, during a bidding livestream on the NobleGo platform held last Friday evening.
Companies - Mon, July 14, 2025 | 1:37 pm GMT+7
Vietnam’s major rice exporter Vinafood 1 tasked with developing mega agri-logistics hub
Vinafood 1, Vietnam's top rice exporter, has been asked to develop an integrated hub for agricultural trade, logistics, warehousing, exports, customs, banking, irradiation, and research and development activities.
Industries - Mon, July 14, 2025 | 12:19 pm GMT+7
Vietnam conglomerate Masan to issue over 7.5 mln ESOP shares
Vietnam’s leading multi-sector conglomerate Masan Group will issue up to 7.5 million MSN shares under an employee stock ownership plan (ESOP) at a par value and issue price of VND10,000 ($0.38) apiece.
Companies - Mon, July 14, 2025 | 11:26 am GMT+7
Investment funds in Vietnam upbeat about new US tariff
With Vietnam soon reaching a trade agreement with the U.S., major uncertainties have significantly diminished, positively impacting investor sentiment in the stock market, according to investment funds.
Finance - Mon, July 14, 2025 | 9:04 am GMT+7
AI, data platform investment unlocks huge opportunities to enhance customer experience: Masan CEO
Vietnam’s leading multi-sector conglomerate Masan Group has made strong investments in AI, big data, and integrated supply chains to improve its operational efficiency, optimize costs, and better serve Vietnam’s 100 million consumers, said CEO Danny Le.
Companies - Sun, July 13, 2025 | 6:51 pm GMT+7
HCMC poised to become Southeast Asia's innovation, financial hub following merger: experts
Ho Chi Minh City, Vietnam’s southern metropolis, is expected to establish itself as a hub for finance, manufacturing, trade, logistics, and innovation in Southeast Asia, after its merger with neighboring provinces.
Economy - Sun, July 13, 2025 | 1:56 pm GMT+7