HCM City lures over 480 million USD in FDI in two months
Ho Chi Minh City attracted 480.6 million USD in foreign direct investment, including new and additional capital and share purchase by foreign investors, in the first two months of this year.
HCMCity (VNA) – Ho Chi Minh City attracted 480.6 million USD in foreigndirect investment, including new and additional capital and share purchase by foreigninvestors, in the first two months of this year.
Therewere 186 new projects with total registered capital reaching 83.3 million USD.Meanwhile, 27 existing ones were allowed to add 60.7 million USD to theirinvestment capital.
Thetrade sector attracted the lion’s share of foreign investment, with 84 projectsworth 53.6 million USD, making up two-thirds of the new investment capital inthe reviewed period.
Itwas followed by science-technology with 39 projects valued at 13.3 million USD,construction with five at 5.8 million USD, and information and communicationswith 33 at 3.5 million USD,
Amongthe 32 countries and territories investing in the southern metropolis,Singapore took the lead with 27 projects valued at 28.1 million USD, followedby Japan, Malaysia, China, the Republic of Korea (RoK) and Taiwan (China)./.
The Party Central Committee’s Inspection Commission held the 43rd session in Hanoi from March 2 to 4, during which it proposed that the Standing Board of the Ho Chi Minh City Party Committee in the 2010-2015 tenure be disciplined for its violations.
Ho Chi Minh City’s Department of Labour, Invalids and Social Affairs and Department of Education and Training will work together to combat violence against children and child abuse at kindergartens and schools
Ho Chi Minh City welcomed more than 1.18 million foreign visitors in the first two months of 2020, a year-on-year decline of 21.71 percent, revealed the municipal Department of Tourism on March 5.
Fifty-seven people related to the flights a Japanese passenger with SARS-CoV-2 boarding have been put under quarantine, the disease control centre of Ho Chi Minh City said on March 5.
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.
Illustrative image (Source: VNA) 
