Hanoi is estimated to post an increase of 7.37 percent in gross regional domestic products in the first half of 2017 and earn 5.8 billion USD from exports, up 12.1 percent against last year.
Tran Quoc Pagoda on the West Lake in Hanoi (Photo: VNA)
Hanoi (VNA) – Vietnam’s capitalcity of Hanoi is estimated to post an increase of 7.37 percent in grossregional domestic products in the first half of 2017 and earn 5.8 billion USDfrom exports, up 12.1 percent against last year.
The information was heard at a meeting of themunicipal Party Committee’s executive board on June 11, reviewing the city’seconomic-social development in the first six months of the year and its tasksin the remaining months.
In the reviewed time, Hanoi expects to welcome11.85 million visitor arrivals, up 8 percent, and contribute to the statebudget an amount of 102.5 trillion VND (4.5 billion USD), representing a yearlyincrease of 18 percent.
The city is also estimated to record a surge of74.6 percent to reach 190.9 trillion VND (about 8.4 billion USD) in theregistered capital from the non-state sector. It witnessed the establishment of13,355 new enterprises (up 16 percent) with total registered capital of 101.5trillion VND (4.47 billion USD), up 2 percent year-on-year.
In the rest months of the year, Hanoi willcontinue boosting administrative reforms, improving the investment environmentand taking measures to remove obstacles for businesses, especially capital andmarket.
In addition, the city will strengthen urbanmanagement, particularly for pavement encroachment and construction, whileensuring social security and order, said Secretary of the Hanoi Party CommitteeHoang Trung Hai. -VNA
Hanoi’s Retail and service revenue in the first two months of 2017 amounted to 365 trillion VND (16.4 billion USD), an increase of 7.1 percent from the same period last year, according to the Hanoi Statistics Office.
Hanoi’s tourism industry has made many significant achievements in recent years, but its development has not lived up to its potential or its expectations.
Working with the American Cable News Network (CNN) to promote the images of Hanoi to international friends and help them learn about Vietnam is a right step, said Chairman of the municipal People’s Committee Nguyen Duc Chung.
The Hanoi People’s Committee, BRG Group and Japan’s Sumitomo Corporation signed a cooperation agreement on developing Nhat Tan-Noi Bai urban project with total investment of more than 4 billion USD, aiming to build the most modern smart city of Southeast Asia in the north of Hanoi.
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.
Tran Quoc Pagoda on the West Lake in Hanoi (Photo: VNA) 
