During a working session with Vietnamese Ambassador to Bulgaria Nguyen Thi Minh Nguyet, Simeonov underlined Bulgaria’s geopolitical significance as a vital link between Europe, Asia, and the Middle East–Africa, serving as a hub in the global trade network.

Vietnamese Ambassador to Bulgaria Nguyen Thi Minh Nguyet (fifth from left) and members of the embassy during a visit and working session at the Trakia Economic Zone.

From January 1, 2025, Bulgaria officially became a full member of the Schengen Area, a move expected to greatly enhance the flow of goods, services, and people within the European Union (EU).

This integration presents an opportunity for Vietnamese firms to access the EU market more quickly and with reduced logistics costs.

In parallel, Bulgaria is accelerating upgrades to its infrastructure, including transport, seaports, energy, and telecommunications, thereby creating a more open, competitive, and investor-friendly environment.

The country holds strengths in sectors that align well with Viet Nam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.

Bulgarian partners are also willing to cooperate in logistics infrastructure to enable Vietnamese exports to reach European markets through Eastern Europe and the Balkans.

As part of her working trip, Ambassador Nguyet met with Plamen Panchev, CEO of the Trakia Economic Zone (TEZ), Bulgaria’s largest industrial hub, covering over 10 million square metres and consisting of six key industrial parks.

TEZ is inviting investments in areas such as manufacturing, advanced technology, renewable energy, logistics, workforce training, and R&D in green technologies like solar power, green hydrogen, and biomethane.

With attractive incentives, including a 10% corporate income tax rate, the lowest in the EU, TEZ is aiming to become the first carbon-neutral industrial zone in Europe.

These advantages make it a promising location for Vietnamese investors pursuing long-term and sustainable growth.

On July 3, the Vietnamese Embassy in Bulgaria will coordinate with BCCI to organise the Viet Nam–Bulgaria Economic Cooperation Forum in Sofia.

The forum is expected to draw about 50 Bulgarian companies and 20 Vietnamese firms in person, along with around 30 associations and businesses joining online. The event aims to provide a practical platform to advance bilateral economic cooperation in the coming period.

Venezuela to create best conditions for Vietnamese agricultural investors

Venezuela fully supports and stands ready to accompany Vietnamese enterprises to invest in the country’s agricultural sector, Venezuela’s Vice President and Chairman of the Venezuela – Viet Nam Intergovernmental Committee Jorge Marquez said while receiving a delegation from the Ministry of Agriculture and Environment who are in Venezuela for a working visit and attendance at the first AgroAlba 2025 Expo.

 

Satellite cities attract new investment waves

The Capital Region, including Hanoi and nine neighbouring provinces of Hai Duong, Hung Yen, Vinh Phuc, Bac Ninh, Ha Nam, Hoa Binh, Phu Tho, Bac Giang, and Thai Nguyen, is identified as a socio-economic development linkage area.

 

Prime Minister suggests raising Vietnam – Oman Investment Fund’s scale to 1 billion USD

Emphasising that these investments have not only created economic values but also contributed to improving public services, social infrastructure development, and enhancing people’s quality of life, the PM proposed Oman expand and raise the scale of the fund to 1 billion USD to better support Vietnam’s investment and development needs, in line with its economy’s scale and with interest rates suitable to Vietnam’s conditions.

 

FDI maintains strong momentum

Foreign direct investment (FDI) inflow into Viet Nam continues to show robust growth, reflecting the strong confidence of international investors in the country’s stable business environment and long-term development potential, despite complex global economic fluctuations.

Truong Hai Group proposes 61 billion USD investment in North–South high-speed railway

The North–South high-speed rail line is expected to span approximately 1,541 kilometres, connecting Ngoc Hoi Station in Hanoi with Thu Thiem Station in Ho Chi Minh City, and traversing 20 provinces and centrally governed cities.

 

Foreign direct investment continues to pour into Vietnam

These figures underlined Vietnam’s rising status as a top global investment destination, especially amid shifting global supply chains and increasing trends in capital relocation.