About 14.15 billion USD worth of foreign direct investment (FDI) was disbursed in the first eight months of this year, up 8% year-on-year, marking the highest for an eight-month period over the past five years, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Korean-invested Khvatec Thai Nguyen Company Limited at Yen Binh Industrial Park, Pho Yen city, Thai Nguyen province (Photo: VNA)
Hanoi (VNA) – About 14.15 billion USD worth of foreign direct investment (FDI) was disbursed in the first eight months of this year, up 8% year-on-year, marking the highest for an eight-month period over the past five years, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
During the reviewed period, Vietnam saw a total of 20.52 billion USD in registered FDI capital, an increase of 7% against the same period last year.
Of the total, nearly 12 billion USD was registered for 2,247 new projects, up 27% in value and 8.5% in the project number. Additional capital for 926 existing projects topped 5.7 billion USD, up 4.9% and 14.8%, respectively. Meanwhile, foreign investment through contributing capital to and buying stakes of local firms decreased by 40.9% to nearly 2.81 billion USD.
Foreign investors poured money into 18 out of the 21 national economic sectors, of which the manufacturing and processing industry led with nearly 14.17 billion USD, accounting for over 69% of the total registered and marking a 7.4% increase from a year earlier. It was followed by real estate (3.36 billion USD), and the wholesale and retail sector (844.9 million USD).
Among the 94 countries and territories investing in Vietnam during January-August, Singapore topped with over 6.79 billion USD while Hong Kong (China) ranked second with 2.4 billion USD, surging 75.5% and 43.7% year-on-year, respectively.
The northern province of Bac Ninh was the largest FDI recipient with nearly 3.47 billion USD, representing 16.9% of the total and a 2.94-fold surge compared to the same period last year. It was followed by the northern province of Quang Ninh and Ho Chi Minh City, with nearly 1.78 billion USD and over 1.76 billion USD, respectively.
🔜 As of August 31, there had been 41,142 valid FDI projects worth 491.39 billion USD in Vietnam, of which approximately 311.33 billion USD had been disbursed./.
The Management Board of Industrial Parks in the northern province of Ha Nam on August 30 held a meeting with Japanese enterprises that are investing in industrial parks in the province.
The southern province of Dong Nai attracted nearly 1 billion USD worth of foreign investment as of August 20, up 34% year-on-year, according to the provincial Department of Planning and Investment.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
