Hanoi continues to be most attractive FDI destination
Hanoi continues to lead the country in drawing foreign direct investment (FDI) with more than 7.5 billion USD poured into the capital since the beginning of 2018, a 2.18-fold increase against the previous year.
A Japanese-invested production line of electronic products in Hanoi's Quang Minh Industrial Park (Illustrative image. Source: VNA)
Hanoi (VNA) - Hanoi continues tolead the country in drawing foreign direct investment (FDI) with more than 7.5billion USD poured into the capital since the beginning of 2018, a 2.18-foldincrease against the previous year.
Deputy director of the municipal Department ofPlanning and Investment Tran Ngoc Nam revealed the information at a regularpress meeting of the Hanoi Party Committee on December 25.
In 2018, the city has granted licences to 616 newFDI projects with total registered capital of 5.03 billion USD, he said.
According toNam, the capital has deployed a number of measures to improve the investmentenvironment and increase support for investors and businesses from businessregistration to implementation of projects.
Particularly, the city has approved thesimplification of 61 administrative procedures and pressed ahead with onlinebusiness registration, ensuring that relevant administrative procedures arecompleted within three days.
Japan is the leading foreign investor in Hanoiwith about 10.6 billion USD, followed by Singapore, 6.9 billion USD, and theRepublic of Korea, 5.5 billion USD, Nam said.
The field most attractive to foreign investorsare real estate, which absorbed 34.8 percent of total FDI, followed by processingand manufacturing 24.4 percent, information and communications 8.72 percent,and construction 6.29 percent, he added.-VNA
The Hoa Lac Hi-Tech Park (HHTP) is calling for projects on researching, applying and developing advanced technologies in a bid to help foster hi-tech industries nationwide.
Hanoi is the leading locality nationwide in FDI attraction, drawing over 810 million USD from 110 newly-licensed and capital-added FDI projects in the first quarter of this year.
Hanoi presented decisions approving investment proposals and investment licences for 48 projects with total registered capital of over 74 trillion VND (3.25 billion USD) on June 25.
Consumers in Hanoi will find it easier to access information pertaining to the origin and quality of agricultural products as an exclusive website was launched on August 27 at //nongsanantoan.gov.vn.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
A Japanese-invested production line of electronic products in Hanoi's Quang Minh Industrial Park (Illustrative image. Source: VNA)
