The Government of the Republic of Korea (RoK) will provide a non-refundable aid package worth US$5.5 million to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018-2021.
At the signing ceremony of
the record of discussions. (Source: baodauthau.vn)
A memorandum of understanding to this effect was signed between Vietnam’s Ministry of Planning and Investment
(MPI) and the Korea International Cooperation Agency (KOICA) in Hanoi on May 3.
The US$ 6.2 million project aims to
improve the ministry’s capacity for collecting, managing and analysing national
database on investment, while providing online public services for investors.
It is also seen as a tool assisting
localities in granting investment licences and managing projects.
MPI Deputy Minister Vu Dai Thang said
the two sides committed to ensuring the progress of the project in order to
contribute to promoting foreign direct investment (FDI) in Vietnam, and strengthening cooperation between Vietnam and the
RoK.
According to the MPI’s Foreign Investment Agency, Vietnam
has to date attracted 25,524 FDI projects valued at nearly US$ 320 billion.
The RoK takes the lead among 126
countries and territories investing in Vietnam, with more than 6,800
project worth over US$ 59 billion.
In the first four months of this year, the RoK
invested and expanded investments in about 420 projects with total capital of
more than US$ 2.3 billion, the agency said.
Source: NDO
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
