The provinces in Region 4 are important geographical locations, with Lào Cai and Hà Giang bordering with China to the North, and Vĩnh Phúc and Phú Thọ bordering with Hà Nội to the South.
Authorities of the southern industrial hub of Bình Dương held a meeting with two major foreign direct investment (FDI) enterprises operating in the province to address challenges facing the firms in production and business operations while encouraging their further expansion.
In its Asia Development Outlook report, the Asian Development Bank (ADB) raised the growth rate forecast of Việt Nam to 6.4 per cent in 2024 and 6.6 per cent in 2025.
Authorities of the northern border province of Lạng Sơn and Guangxi Zhuang Autonomous Region of China held an online signing ceremony for a Memorandum of Understanding (MoU) to jointly develop a pilot smart border gate.
Việt Nam’s contribution to ASEAN’s total GDP has grown significantly over the years, increasing to 12 per cent at present from under 6 per cent in 2000.
Over the past ten years, total investment in the region has reached only about VNĐ202 trillion (US$8.6 billion), a figure considered too low for such a key economic zone.
According to the Ministry of Planning and Investment (MPI), the region''s economic growth rate reached 7.21 per cent in the first seven months of this year, higher than the national average.
The leading platform for business-to-business (B2B) e-commerce, Alibaba.com, has launched a ''Source by Region'', feature to increase global visibility and competitiveness of Vietnamese businesses, alongside releasing its insight guide into the 2024 B2B market.
Ninh Bình commits to providing the most favourable conditions for all foreign investors and businesses, including French ones, to explore investment opportunities in the northern locality.
The report underscores the importance of addressing the challenges faced by local enterprises, particularly small and medium-sized enterprises (SMEs), in accessing trade finance, recommending the development of innovative digital offerings and stronger regulatory frameworks.
Growth in Việt Nam''s southeast region could reach 8.07 per cent annually during the 2021-30 period, according to a report by the Institute of Development Strategy under the Ministry of Planning and Investment (MPI).
According to the Ministry of Planning and Investment (MPI), in the 2021-25 period, the region expects to be allocated VND320 trillion (about US413.65 billion) of State capital for infrastructure projects, up 23.3 per cent over the 2016-20 period.