Hanoi seeks investors for projects to ensure sustainable development
Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen on November 8 said that the city wants to attract investors to projects that can generate high added values and serve sustainable development such as agriculture, tourism, education - health care and other key sectors like hi-tech, supporting industry, biotechnology, hi-tech agriculture, new materials, environmental technology and clean energy.
Lotte Group from the Republic of Korea aims to offer the Vietnamese an Asia’s number one shopping experience with the newly launched Lotte Mall Westlake Hanoi. (Photo: The Courtesy of Lotte Mall Westlake Hanoi)
Hanoi (VNA)ꩵ – Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen on November 8 said that the city wants to attract investors to projects that can generate high added values and serve sustainable development such as agriculture, tourism, education - health care and other key sectors like hi-tech, supporting industry, biotechnology, hi-tech agriculture, new materials, environmental technology and clean energy.
Speaking at a meeting with representatives from Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Techcross - a wastewater treatment company from the Republic of Korea (RoK), Quyen hailed the initiative to develop the public-private partnership between the city and the Korean company in projects that make use of the strengths of both sides. He hoped that with its capacity and strengths in treating wastewater and experience in carrying out projects in Ho Chi Minh City, Techcross will successfully cooperate with Hanoi.
For his part, Techcross General Director Kim Jung Chul said that his company, which used to be part of LG Group, is currently one of the three leading companies in the RoK in wastewater treatment with more than 100 projects globally.
ﷺ He said that Vietnam, particularly the capital city of Hanoi, with a rapid economic growth rate needs to focus on environmental protection solutions.
Kim hoped that the Hanoi People's Committee will introduce feasible projects and support the company's operations if it has an opportunity to cooperate in the coming time. According to a report by the Hanoi People's Committee, the RoK is currently the third largest foreign investor in the city with cumulative investment from 1986 to the end of 2022 reaching 7.92 billion USD. In the first nine months of this year, Hanoi city attracted about 73.5 million USD of foreign direct investment from the RoK. The Korean government provided overseas development assistance (ODA) capital for Hanoi city to implement eight projects with a combined value of 17.96 million USD. Recently, typical large projects of Korean investors in Hanoi have come into operation such as a Research and Development Centre of Samsung Group, and Lotte Mall Westlake project of Lotte Group./.
About 26,500 new enterprises were established in Hanoi in the first 10 months of this year, with a total registered capital of 261 trillion VND (10.6 billion USD), representing a year on year increase of 6% in the number of enterprises but a decrease of 8% in registered capital.
The Hanoi Tourism Gift Festival, slated for November 3-5 at the Tran Nhan Tong pedestrian space in Hai Ba Trung district, is expected to promote the capital city’s image as an attractive and safe tourist destination, and support artisans and craft village in making their products better meet the demand of both domestic and international tourists.
The Asia Smart City Summit 2023 is scheduled to be held in Hanoi from November 29-30, by the Hanoi Department of Information and Communications in collaboration with the Vietnam Software & IT Services Association.
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.
