Hanoi grants licences to 68 FDI projects in January
The capital city of Hanoi granted investment licences to 68 new foreign direct investment (FDI) projects worth 30.2 million USD in January, according to the municipal Department of Planning and Investment.
The capital city of Hanoi grants investment licences to 68 new foreign direct investment (FDI) projects worth 30.2 million USD in January. (Photo: thuongtruong.com.vn)
Hanoi (VNA) – The capital city of Hanoi granted investment licencesto 68 new foreign direct investment (FDI) projects worth 30.2 million USD inJanuary, according to the municipal Department of Planning and Investment.
Seven existing projects were allowed to adjust their investment capital with atotal additional sum of 71.4 million USD. In the month, foreign investors werepermitted to pour nearly 40 million USD to acquire shares in Vietnamese firmsin the month.
Last year, Hanoi led the nation in terms of FDI attraction, luring 8.45 billionUSD, the highest amount in the past decade. The FDI inflow to the cityaccounted for 22.2 percent of the nation’s total FDI in 2019.
The processing and manufacturing sector remained the most alluring to foreigninvestors, followed by real estate and science and technology.
Noteworthy projects in the year included Hong Kong-based Beerco Limited’s investmentof 3.85 billion USD in Vietnam Beverage Co.,Ltd, and a 420-million USDhorse-racing complex by Charmvit Group of the Republic of Korea.
Director of the Department of Planning and Investment Nguyen Manh Quyen saidthat the city targets to attract 35-45 billion USD in FDI, equivalent to 23percent of the country’s total FDI inflows during 2020-2025.
Besides, the city needs some 3 quadrillion VND (128.78 billion USD) indevelopment investment. Therefore, it is necessary for Hanoi to acceleratereform of administrative procedures, improve its business climate, removebottlenecks for local firms as well as promote startup and innovation, Quyensaid./.
A total of 8.45 billion USD in foreign direct investment (FDI) has been poured into Hanoi capital city so far this year, according to the municipal Statistic Office.
Leaders of northern Ha Nam province had a meeting with nearly 300 foreign direct investment (FDI) businesses on January 9 to inform them about local development achievements and listen to their opinions to facilitate the firms’ operations.
Foreign investors pumped nearly 700 million USD into the central coastal city of Da Nang in 2019, according to the municipal Department of Planning and Investment.
Vietnam raked in 5.3 billion USD in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Investment and Planning.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The capital city of Hanoi grants investment licences to 68 new foreign direct investment (FDI) projects worth 30.2 million USD in January. (Photo: thuongtruong.com.vn) 
