Investment

The central province's authorities has issued a plan for developing the foreign-invested economy, moving away from investment attraction based primarily on volume towards projects offering greater technological value and stronger contributions to the local economy.

The government is conducting comprehensive reviews across real estate, land management, petroleum, electricity, pharmaceuticals, medical devices, and agriculture to eliminate unwarranted markups, cut intermediary layers, and raise regulatory oversight efficiency.

The high-end tourism, resort and entertainment complex, golf course and residential area is planned to include 236 villas, 257 townhouses, more than 2,600 high-rise apartments and 606 social housing units.

At their talks in Hanoi on October 18, Prime Minister Le Minh Hung and his Liechtenstein counterpart Brigitte Haas pledged to step up cooperation, tap opportunities from new agreements.

The event took place shortly after the signing of the Free Trade Agreement between Vietnam and the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland.

Prime Minister Brigitte Haas is the first leader of Liechtenstein to visit Vietnam since the two countries established diplomatic relations in 2008.