Investment

At a meeting between northern Thanh Hoa province and South Korean enterprises, provincial leaders expressed a hope of more cooperative opportunities with companies from the country. Among 140 FDI projects now operating in Thanh Hoa, 37 are from South Korea or are South Korean joint ventures with Japan, accounting for 26.5 per cent of its total FDI projects. The South Korean Government has also provided aid to Thanh Hoa in five overseas development assistance (ODA) projects, with total capital of more than $135 million.

At the “Consulting investors on solutions to implement the socio-economic development orientation of Ho Chi Minh City to 2030” conference organized by the Ho Chi Minh City People’s Committee, investors said they expect the city to have open, transparent, and convenient policies, civilized working conditions, and a modern living space.

Medium-term public investment capital will total nearly VND25 trillion ($1.1 billion) over the next decade to implement 18 projects to upgrade infrastructure and exploit the potential of Vietnam’s inland waterway network. Thirty-nine clusters of passenger ports and 54 groups of cargo ports have also called for private investment.

Sharing their experiences on practical issues for Vietnam in sustainable development at the “ESG - A business model for sustainable development” conference, the four Nordic countries - Denmark, Finland, Norway, and Sweden - said they believe that high-quality FDI capital will go to developing economies with an emphasis on compliance with ESG (Environment, Society and Governance) principles. This will be both a challenge for and key to Vietnam’s development.

The Bac Ninh Provincial People’s Committee has approved planning for a concentrated information technology park with 20,000 employees and experts. Northern Bac Ninh province currently has 16 industrial parks, ten of which have been put into operation. Thirty-five industrial clusters have been planned, of which 31 have been established and 21 have been put into operation.

The Master Plan for the Mekong Delta in the 2021-2030 period and vision to 2050 is the first regional plan approved under the 2017 Planning Law. It will allow the Delta to gradually transform its growth model to increase efficiency and value.