The Republic of Korea (RoK) is the leading foreign investor in Vietnam in 2019, pouring 7.92 billion USD into the country, accounting for over one fifth of the total flow of foreign direct investment into Vietnam during the year.
Hanoi (VNA) - The Republic of Korea (RoK) is the leading foreign investor inVietnam in 2019, pouring 7.92 billion USD into the country, accounting for overone fifth of the total flow of foreign direct investment into Vietnam during theyear.
A total 38.02billion USD of foreign direct investment (FDI) was poured into Vietnam thisyear to December 20, a 10-year high, according to the Foreign Investment Agency(FIA) under the Ministry of Planning and Investment.
The amount,representing a 7.2 percent increase on a yearly basis, included newlyregistered capital, additional capital to existing projects, and share purchaseby foreign investors.
Hong Kong (China)came close behind the RoK with 7.87 billion USD, ranking second among 125countries and territories investing in Vietnam. The amount included 3.85billion USD spent on shares of the Vietnam Beverage Ltd Co in Hanoi.
Third wasSingapore with 4.5 billion USD, followed by Japan and China. It is noteworthythat investment from China showed a rising trend, with a 1.65-times increase.
Hanoi absorbedthe largest share of the FDI flow with 8.45 billion USD or 22.2 percent of thetotal figure. It was followed by Ho Chi Minh City with 8.3 billion USD.
The disbursementof FDI capital also reached a record of 20.38 billion USD.
Foreign direct investment in the wood processing industry has increased rapidly, especially since 2018, the Vietnam Timber and Forest Product Association has said.
The southern province of Binh Duong attracted over 3 billion USD in foreign direct investment (FDI) in the first 11 months of the year, a year-on-year increase of 49 percent, according to the provincial People’s Committee.
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 Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
At a Korean company in Vietnam (Source: VNA) 
