Điện Biên approves investments totaling VND 7,500 billion

ĐBP - Marking a fresh stride in regional economic connectivity and cooperation, the 2026 International Investment Promotion Conference between Điện Biên province (Vietnam), Luang Prabang province (Laos), and Yunnan province (China) - held on the morning of October 19 at the Event Center of Mường Thanh Grand Điện Biên Phủ Hotel (Điện Biên Phủ ward), Điện Biên province - opened up opportunities for cooperation and accelerated the harnessing of each locality’s potentials and strengths. At the conference, Điện Biên province presented 20 Investor Approval Decisions with a total investment capital of approximately VND 7,500 billion.

Attending the conference on the side of central delegates were comrades: Nguyễn Minh Vũ, Member of the Party Central Committee, Permanent Deputy Minister of Foreign Affairs, alongside representatives of leaders from central ministries and sectors.

Trần Tiến Dũng, Member of the Party Central Committee, Secretary of the provincial Party Committee, Head of the provincial National Assembly Deputy Delegation, delivers the opening address at the conference.

International delegates included Khamphao Ernthavanh, Ambassador Extraordinary and Plenipotentiary of the Lao PDR to Vietnam; Wang Qun, Chargé d’Affaires of the Embassy of the People’s Republic of China in Vietnam; leaders of Luang Prabang province (Lao PDR); and leaders of Pu’er City, Yunnan province (China).

Delegates attend the event.

On the side of Điện Biên province, there were comrades: Trần Tiến Dũng, Member of the Party Central Committee, Secretary of the provincial Party Committee, Head of the Provincial National Assembly Deputy Delegation; comrades of the Standing Board of the provincial Party Committee, members of the provincial Party Standing Committee, former provincial leaders, the Standing Board of the provincial People’s Council, leadership of the provincial People’s Committee, the provincial Vietnam Fatherland Front Committee, and leaders of provincial boards, departments, sectors, and localities.

Permanent Deputy Minister of Foreign Affairs Nguyễn Minh Vũ addresses the conference.

Also attending were delegates representing numerous major domestic and international corporations, enterprises, business associations, and investors.

In his opening address, Secretary of the provincial Party Committee Trần Tiến Dũng stated: Over recent years, with a determination to innovate and improve the investment climate, the economy of Điện Biên province has witnessed positive transformations. In the first nine months of 2026, economic growth reached 9.81%; in the third quarter alone, GRDP expanded by 11.67%. The province approved in-principle investment for 31 projects with a total registered capital of over VND 54,000 billion. At the Điện Biên Provincial Investment Promotion Conference held in May 2026, the province signed agreements with 22 investors totaling over VND 209,000 billion. Currently, investors are actively executing projects and continuing to propose new investment policies to the province. These initial outcomes demonstrate that Điện Biên is progressively becoming an emerging destination for investors, instilling greater confidence and momentum for the development journey ahead.

A delegate presents discussion at the conference.

At the 2026 International Investment Promotion Conference, Điện Biên province aims to strengthen cooperation and attract investment into focal areas: developing connectivity infrastructure, logistics, border trade, and processing industries; step by step forming inter-regional supply and value chains among the three localities, expanding markets, and elevating commercial efficacy; advancing concentrated commodity agriculture and deep processing linked to a green economy; prioritizing modern, green, smart, and sustainable high-tech projects, focusing on brand development to augment added value; and cultivating historical, cultural, ecological, and resort tourism - enhancing connectivity with Luang Prabang and Yunnan to craft distinctive tourism routes and products linking the heritage, culture, and natural landscapes of the three jurisdictions.

An overview of the conference.

Secretary of the provincial Party Committee Trần Tiến Dũng affirmed: Điện Biên pledges to take business satisfaction and success as a yardstick for administrative efficacy; proactively removing bottlenecks and creating optimal conditions in accordance with legal regulations so that projects are implemented expeditiously, effectively, and sustainably. From the land that forged a historic victory, Điện Biên today is embarking on a new journey - a journey of renovation, integration, and development. Điện Biên is not only a meeting place of three nations, but the wellspring of collaborative concepts, investment endeavors, and co-created prosperity.

Permanent Deputy Minister of Foreign Affairs Nguyễn Minh Vũ and Chairman of the provincial People’s Committee Lê Văn Lương present Investor Approval Decisions and congratulate investors with flowers.

Bearing the message “Điện Biên - Yunnan - Luang Prabang: Local Linkages - Shaping Prosperity,” the 2026 International Investment Promotion Conference demonstrated resolve to enhance cooperative ties, leveraging geographical advantages and development potentials of each province, aiming toward forging sustainable linkages that deliver tangible benefits to businesses and citizens.

In an open, candid, and constructive atmosphere, representatives of diplomatic agencies, local authorities, and the domestic and international business and investment community exchanged and shared cooperation orientations, explored connectivity avenues, and accelerated investment activities.

Permanent Deputy Minister of Foreign Affairs Nguyễn Minh Vũ and Chairman of the provincial People’s Committee Lê Văn Lương present investment cooperation memoranda of understanding between Điện Biên province and investors.

Highly evaluating Điện Biên’s potential and advantages, numerous enterprises and investors noted that with its strategic geographical position, abundant land fund and natural resources, and strengths in agriculture as well as historical and cultural tourism, the province possesses vast headroom to attract investment and foster competitive economic sectors. This also establishes a foundation to expand connections with domestic localities while boosting cooperation with Yunnan province (China) and Luang Prabang province (Laos), progressively shaping development networks to effectively unlock the strengths of each locality.

At the conference, Điện Biên province presented 20 investor approval decisions to 20 investors with a total investment capital exceeding VND 7,500 billion, and awarded six investment cooperation memoranda of understanding (MOUs) with total committed capital surpassing VND 12,000 billion.

At the conference, travel agencies and tourism business units exchange memoranda of understanding for cooperation.

The infrastructure investor of Thanh An Industrial Park and the infrastructure investor of Thanh Yên 2 Industrial Cluster signed MOUs with five secondary investors, representing a total registered investment capital of nearly VND 2,000 billion and committing to employ nearly 2,000 local laborers. Travel and tour operators from Vietnam, China, Thailand, and Laos executed MOUs to establish the cross-border tourism circuit: Yunnan - Điện Biên - Laos - Thailand.

Delivering the closing remarks, Chairman of the provincial People’s Committee Lê Văn Lương emphasized: Điện Biên province will exert maximum efforts to build an equal, open, and favorable investment and business climate true to the spirit of central resolutions; translating potentials and advantages into concrete, substantive outcomes; and strictly enforcing statutory preferential and supportive policies for investors throughout project implementation in the province.

Chairman of the provincial People’s Committee Lê Văn Lương delivers the closing address at the conference.

To ensure Điện Biên genuinely serves as a “Strategic Destination for Investors,” the province pledges companionship from the survey and research stages through project implementation; creating conditions for enterprises to access central and local incentive policies. The province is accelerating the “green lane” mechanism, ensuring open and transparent procedures, prioritizing dossier processing, and shortening settlement timelines in line with regulations. Concurrently, the province has established a Steering Committee and a Working Team to assist off-budget investment projects, assigning specialized contact points to untangle hurdles concerning land and site clearance; assisting in training and supplying suitable human resources; and safeguarding security and public order to foster a favorable environment for enterprises to invest, manufacture, and do business with peace of mind.

Phạm Trung - Mai Giáp
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