Investment

Quy Nhon city in south-central Binh Dinh province is receiving investment to become a leading tourist destination in Asia. It has been ranked by the US’s Hostelworld Group as one of the best tourist destinations and has won a series of awards, such as cleanest tourist city in Southeast Asia and top 7 safe places to visit post-pandemic by CNBC magazine.

The leader of the Binh Dinh Provincial Department of Planning and Investment has said that the south-central province will create the best possible conditions for startups and will strongly support investors in all stages. It is expected that there will be “unicorns” emerging from the province.

Staying abreast of trends in shifting global supply chains, northern Quang Ninh province is transforming from tourism being a spearhead economic sector to focusing on hi-tech industry. It is now prioritizing the development of infrastructure along with seaport - industrial park complexes.

The Hai Phong City People’s Committee worked with the Korean Chamber of Commerce and Industry to organize an Investment Promotion Conference with South Korean businesses in Seoul. At the conference, city leaders presented investment certificates for a number of new South Korean projects. The city is expected to attract $4 billion in FDI from South Korean businesses this year.

The Ho Chi Minh City Department of Transport has proposed allocating capital to build 16 new intersections at a total cost of more than VND4.5 trillion ($191 million).

Boasting the largest land area in the country and known in the north-central region for its beautiful beaches, analysts on urban and real estate believe that Nghe An province still holds a great deal of potential. With nearly VND100 trillion ($4.25 billion) invested in infrastructure, deep-water ports, and airports this year, Nghe An’s real estate market will see more large-scale projects.