Close to 19.3 billion USD has been poured into a total 2,324 foreign direct investment (FDI) projects in Vietnam since the beginning of this year, according to the Foreign Investment Agency (FIA)
Close to 19.3 billion USD has been poured into a total 2,324 foreign direct investment (FDI) projects in Vietnam since the beginning of this year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Of the amount, about 12.42 billion USD was pumped into 1,658 newly-registered projects, up 24.8 percent against the same period last year. The remaining 6.86 billion USD was added to 667 operational initiatives, up 83.2 percent.
In the ten-month period, foreign investors disbursed 11.8 billion USD, representing a year-on-year increase of 16.3 percent.
The agency attributed the sudden FDI increase in the reviewed period to the country’s approval of some projects with high investment values.
The biggest among these are the 2.4-billion-USD Malaysian-funded Duyen Hai 2 Power Plant in the southern province of Tra Vinh, the Republic of Korea (RoK)’s Samsung Display Vietnam project with an extra 3 billion USD investment in the northern province of Bac Ninh and Empire City, a 1.2-billion-USD real estate project invested by the UK in Ho Chi Minh City.
Foreign businesses poured their money into 17 fields. The processing and manufacturing sectors attracted the largest amount of 12.49 billion USD, accounting for 64.7 percent of the country’s total registered FDI. The sum was injected into 816 new projects and 499 existing ones.
The power and real estate sectors came next with 2.61 billion USD and 2.13 billion USD, respectively.
The RoK led the 58 countries and territories investing in Vietnam with a total investment of 6 billion USD or 31.3 percent of the country’s FDI. It was followed by Malaysia and Japan with 2.53 billion USD and 1.48 billion USD, respectively.
Bac Ninh province absorbed the largest portion of foreign investment, 3.52 billion USD, or 18.2 percent of the total. Ho Chi Minh City came second with 2.7 billion USD, followed closely by Tra Vinh province with 2.52 billion USD.
The export value of the foreign-invested sector (including crude oil) in the last ten months of this year surpassed 95 billion USD, 14.3 percent higher than that recorded in the same period last year and accounting for 70.6 percent of the country’s total export turnover.
Vietnam set a target of attracting 22 billion USD in foreign investment this year.-VNA
Mai Xuan Hung, Vice Chairman of the National Assembly Committee for Economic Affairs, spoke to the newspaper Thoi bao Kinh te (Vietnam Economic Times) about the Vietnamese private economic sector.
As many as 2,629 foreign direct investment (FDI) projects worth 54.6 billion USD from eight ASEAN member nations have operated in Vietnam as of June 2015.
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
The People’s Committee of southern Binh Duong province granted investment licenses to 38 foreign direct investment (FDI) projects in the locality on October 23.
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 (Source: VNA)
