Japanese businesses acknowledged the effectiveness of Vietnam's investment attraction policies which are significantly contributing to the country's economic growth.

In the initial phase, the terminal is designed to handle 100,000 tons of cargo per year.

The Xo Viet Nghe Tinh road in the province's Ha Tinh city will be extended with an estimated investment capital of $58.3 million.

Brazil is currently Vietnam's leading trading partner in Latin America.

The $3.4 million project aims to promote a circular economy and mitigate climate change impacts in Vietnam's industrial zones from 2024 to 2028.

The proposal was made by State President Luong Cuong at 31st APEC Economic Leaders' Meeting on November 16.