Northern Vietnam province promises land lease to Taiwan's $30 mln project in Sep
The Hung Nhan Industrial Cluster in Thai Binh province is striving to allocate land to a $30-million project invested by Taiwan-based Vanguard Millennium International in September.
QH Land Investment JSC, a local firm and the investor of the industrial cluster, made the commitment at a Wednesday meeting with Thai Binh authorities and Vanguard Millennium International.
The cluster is ready to complete procedures related to the land use right certificate for the tenant in October, it added.
Thai Binh Chairman Nguyen Khac Than (second, left) at a meeting with QH Land Investment and Vanguard Millennium International in Thai Binh province, northern Vietnam, August 21, 2024. Photo courtesy of Thai Binh newspaper.
The investment, called Prime Technology factory, will cover six hectares and has an annual capacity of four million household items made from metal, wood, and plastics. Most of the output is for export to the U.S.
Addressing the meeting, Thai Binh Chairman Nguyen Khac Than said he understood that QH Land Investment JSC's one-month delay in land allocation was derived from state policy changes. Than requested provincial agencies to work with the industrial cluster to solve remaining issues and deliver the land lot no later than early November.
Registered foreign direct investment (FDI) in Vietnam hit $18 billion in the year to July 20, up 10.9% year-on-year, according to the Ministry of Planning and Investment. Thai Binh ranked 13th among all localities with $430.2 million, doubling year-on-year.
- Related News
- Read More
Golden Gate targets 200% profit hike as restaurant operator accelerates expansion
Vietnamese restaurant operator Golden Gate Group is targeting record revenue and a sharp rebound in profit in 2026 as the company accelerates expansion across its dining and beverage chains, including efforts to revive coffee brand The Coffee House.
Companies - Wed, June 3, 2026 | 8:00 am GMT+7
Masan Consumer showcases Vietnamese brands at THAIFEX 2026
Masan Consumer took part in THAIFEX – Anuga Asia 2026, one of Asia's largest food and beverage trade exhibitions, as the Vietnamese consumer goods company seeks to expand its international footprint and promote Vietnamese cuisine to global consumers.
Companies - Tue, June 2, 2026 | 5:12 pm GMT+7
Phu My Hung expands northern Vietnam footprint with eco-urban project near Hanoi
Taiwan-backed Phu My Hung is moving ahead with a large eco-urban project in Vietnam’s northern province of Phu Tho as the developer accelerates its expansion beyond Ho Chi Minh City.
Real Estate - Tue, June 2, 2026 | 4:19 pm GMT+7
HSBC provides sustainability-linked trade facilities to Vietnam's leading modern grocery chain Bach Hoa Xanh
HSBC Vietnam has provided short-term sustainability-linked trade facilities to Bach Hoa Xanh Trading JSC, one of Vietnam’s leading modern grocery chains owned by Mobile World Investment Corporation (HoSE: MWG).
Banking - Tue, June 2, 2026 | 3:09 pm GMT+7
Leading Vietnamese insurer Bao Minh targets $76 mln capital base by 2029
Bao Minh Insurance Corporation (BMI) plans to raise its charter capital to VND2 trillion ($75.96 million) by 2029 and maintain a minimum 15% dividend payout, executives said at the insurer's annual shareholder meeting in Ho Chi Minh City on Monday.
Finance - Tue, June 2, 2026 | 1:57 pm GMT+7
Vietnam's central bank to publish FX purchase, reserve data from 2027
The State Bank of Vietnam (SBV) has committed to publishing data on its foreign currency purchases and foreign exchange reserves starting in 2027, according to a joint statement issued by the Vietnamese central bank and the U.S. Treasury Department.
Banking - Tue, June 2, 2026 | 12:08 pm GMT+7
Antesco raises foreign ownership cap to 49% to attract international capital
Following its listing on the Ho Chi Minh Stock Exchange (HoSE), food processor An Giang Fruit-Vegetables & Foodstuff JSC (Antesco) is stepping up efforts to attract international investors through ESG initiatives and a higher foreign ownership limit.
Companies - Tue, June 2, 2026 | 11:11 am GMT+7
State-controlled Hai Phong Port eyes record profit as major port expansion restores market leadership
State-controlled Port of Hai Phong JSC (UPCoM: PHP) is targeting record earnings in 2026 after new deep-water terminals at Lach Huyen helped the company regain its leading position in the northern city of Hai Phong.
Companies - Tue, June 2, 2026 | 8:30 am GMT+7
Vietnam Education Publishing House promotes Vietnamese knowledge, culture abroad
Vietnam Education Publishing House has launched a “Vietnamese Bookshelf” at the Russia-Vietnam Cultural Center in St. Petersburg, marking a key event during “Vietnam Week” in the Russian city.
Companies - Tue, June 2, 2026 | 7:30 am GMT+7
Vietnam Manufacturing Purchasing Managers' Index hits record high since Feb
The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 52.8 in May, up from 50.5 in April and reaching its highest since February, just before the outbreak of war in the Middle East.
Economy - Mon, June 1, 2026 | 8:19 pm GMT+7
Brewing Tomorrow: How Carlsberg Vietnam turns sustainability into everyday action at World Environment Day 2026
More than 150 volunteers from Carlsberg Vietnam, including senior leaders, employees, family members, local residents, and representatives from the Embassy of Denmark in Vietnam, joined a beach clean-up activity in Danang as part of the company’s World Environment Day 2026 program, reaffirming its long-term commitment to sustainability and environmental action in Vietnam.
Companies - Mon, June 1, 2026 | 7:20 pm GMT+7
Automakers in Vietnam back E10 gasoline rollout as biofuel goes nationwide
Major Japanese automakers and motorcycle manufacturers in Vietnam have confirmed that most of their vehicles are compatible with E10 biofuel gasoline, as the country has begun nationwide sale of the fuel in a push to reduce emissions and cut reliance on conventional fossil fuels.
Economy - Mon, June 1, 2026 | 4:44 pm GMT+7
VinFast partners with Nvidia, Autobrains to develop level-4 robotaxi system for Southeast Asia
VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC), and AI mobility company Autobrains has announced a strategic collaboration for a next-generation level 4 program for Southeast Asia built on NVIDIA DRIVE Hyperion.
Companies - Mon, June 1, 2026 | 3:56 pm GMT+7
Samsung Thai Nguyen, TTC solar plant become first participants in Vietnam's direct power purchase mechanism
Samsung Electronics Vietnam Thai Nguyen (SEVT) and TTC Duc Hue 2 Solar Power Plant have become the first entities to operate under Vietnam's direct power purchase agreement (DPPA) mechanism through the national grid from June 1.
Companies - Mon, June 1, 2026 | 3:40 pm GMT+7
Aboitiz Foods, Grab seek to expand investments in green agriculture, digital economy in Vietnam
Philippine food and agribusiness group Aboitiz Foods and Southeast Asian technology company Grab are seeking to expand their investments and partnerships in Vietnam in areas including energy, agriculture-food, digital transformation, smart cities, and green transportation.
Economy - Mon, June 1, 2026 | 12:23 pm GMT+7
HCMC metro stations await commercial ecosystem despite growing ridership
More than a year after the launch of its first metro line, Ho Chi Minh City is still working to develop the commercial economic ecosystem that has underpinned the success of urban rail networks in cities like Tokyo and Hong Kong.
Economy - Mon, June 1, 2026 | 12:12 pm GMT+7
