Hanoi (VNA) – The capital city of Hanoi attracted 1.02 billion USDin foreign direct investment (FDI) in the first nine months of 2022, up 18%year-on-year.
In the period, nearly 22,000 businesses with a totalregistered capital of 241.7 trillion VND (9.86 billion USD) were established, up 25% in thenumber of new firms and 2% in capital, according to Vice Chairman of themunicipal People’s Committee Nguyen Trong Dong.
The city’s gross regional domestic product (GRDP) expandedby 15.71% in the third quarter, and 9.69% in the January-September period – thehighest in recent years.
In the reviewed period, Hanoi’s State budget revenue hitnearly 244 trillion VND, equal to 78.3% of the yearly estimate and 112.3% of that of the same period last year.
Meanwhile, local budget spending was 48.6 trillion VND, equalto 45.5% of the yearly estimate and equivalent to 109.8% of that of the sameperiod last year.
In the remaining months of this year, the city will focus onmain missions and solutions to maintain macro-economic stability, controlinflation and improve the Provincial Competitiveness Index (PCI), SatisfactionIndex of Public Administration Services (SIPAS), and Provincial Governance andPublic Administration Performance Index (PAPI)./.
The Hanoi Department of Industry and Trade has opened three showrooms of the “One Commune, One Product” (OCOP) programme over the past few days, part of efforts to popularise high-quality specialties of the capital and other localities to local consumers.
Hanoi is on its way of renewal and has numerous major orientations to grow further, especially with the Politburo’s issuance of Resolution No.15 guiding the development of the Hanoi Capital Region until 2030 with a vision towards 2045.
Hanoi wishes to promote existing cooperation activities and expand cooperation with Singapore to new areas, Secretary of the Party Committee of Hanoi Dinh Tien Dung told visiting Singaporean President Halimah Yacob at a meeting on October 18.
Secretary of the Hanoi Party Committee Dinh Tien Dung has asked for more concerted, drastic and effective measures to speed up the disbursement of investment projects, especially key ones.
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.
Illustrative image (Photo: VNA) 
