Hanoi attracts 519.2 million USD in FDI in five months
Total registered capital of new foreign-invested projects and additional capital in existing ones in Hanoi amounted to 519.2 million USD in the first five months of this year, according to the Statistics Department of Hanoi.
A production line of a Japanese-invested firm at the Quang Minh IP in Hanoi (Photo: VNA)
Hanoi (VNA) – Total registered capital of new foreign-investedprojects and additional capital in existing ones in Hanoi amounted to 519.2million USD in the first five months of this year, according to the StatisticsDepartment of Hanoi.
Specifically, 139 new FDI projects worth 76.8 million USD werelicensed in the period, while existing projects absorbed 442.4 million USD.
In May alone, Hanoi gave the green light to 14 whollyforeign-owned projects and two foreign joint ventures, with combined registeredcapital of 5.3 million USD. Meanwhile, foreign investors poured 184 million USDin operational projects.
Regarding domestic enterprises, 2,238 new enterprises wereestablished in Hanoi in May, up 8 percent year on year, which registered atotal 42.3 trillion VND (1.84 billion USD) in capital, up 69 percent.
At the same time, 245firms dissolved, up 20 percent, and 788 suspended operation, an increase of 28percent, but 644 resumed operation, a surge of 51 percent./.
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
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Disbursed foreign direct investment (FDI) in Vietnam this year hit 7.15 billion USD as of May 20, an increase of 6.7 percent compared to the same period last year, according to the Ministry of Planning and Investment.
Disbursed foreign direct investment (FDI) in Vietnam this year hit 7.15 billion USD as of May 20, an increase of 6.7 percent compared to the same period last year.
The inflow of foreign direct investment (FDI) into Ho Chi Minh City surpassed 1.34 billion USD in the first five months of this year, down 16.52 percent year-on-year, according to the municipal Statistics Office.
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.
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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.
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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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
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Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.