Hanoi attracts nearly 2.3 bln USD of FDI in 7 months
The capital city of Hanoi attracted nearly 2.3 billion USD of foreign direct investment (FDI) in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.
Hanoi attracts nearly 2.3 bln USD of FDI in 7 months (Photo: VNA)
Hanoi (VNA)ও – The capital city of Hanoiattracted nearly 2.3 billion USD of foreign direct investment (FDI) in thefirst seven months of this year, with 233 new projects worth 97.5 million USDand 108 projects permitted to increase investment capital by 193.5 million USD.
According to the municipal People’s Committee, duringthe period, 190 foreign investors contributed capital and bought shares worthnearly 2 billion USD. Japanese investor Sumitomo bought shares of VPBank with atransaction value of 1.5 billion USD. During the period, the city had 18,300 newenterprises, up 5% compared to the same period in 2022. Their registeredcapital reached 177.5 trillion VND (7.5 billion USD), a slump of 12% year onyear. Meanwhile, 2,100 local enterprises were dissolved, aswell of 2% year on year; 15,200 registered to suspendoperations, a rise of 25%; and 5,900 resumed operations, down 18%over the same period. In the seven months, the city created jobs for nearly133,000 labourers, reaching 81.9% of the locality’s yearly target and 96.7%compared to the same period last year. Besides, Hanoi authorities have decided to spend nearly 1.4trillion VND on unemployment insurance for more than 48,000 peopleand 2.7 billion VND for 585 people to access vocational training.
In July alone, the city has 37 new FDI projects with a total registered capital of 22.3 million USD. (Photo: VNA)
In July alone, the city had 37 new FDI projects with atotal registered capital of 22.3 million USD; 18 others permitted to increaseinvestment capital by 24.5 million USD, while 19 foreign investors contributed capital and bought shares with10.4 million USD. In the month, the city had 2,387 new enterprises, down10% compared to the same period in 2022. Their registered capital reached 23.1trillion VND, a climb of 11% year on year. Meanwhile, 293 enterprises were dissolved, up 2% yearon year; 1,729 registered to suspend operations, an expansion of59%; and 760 resumed operations, up 8% over the same period. In July, the city created jobs for nearly 19,300labourers, up 4.8% compared to the same period last year. Nguyen Manh Quyen, Deputy Chairman of the municipalPeople’s Committee, said the city has continued to support enterprises toovercome difficulties in terms of mechanisms and policies through directmeetings, seminars, and investment promotion programmes with both foreign and domesticenterprises. The move contributes toincreasing investment capital to the city while helping local businesses expand cooperation opportunities with localities nationwide,particularly in the fields of tourism, agriculture, and “One Commune- One Product”(OCOP) programme, among others./.
Vietnam has to date attracted 37,500 foreign direct investment (FDI) projects worth nearly 450 billion USD, including 1,100 projects in real estate with a total capital of 66.4 billion USD, heard an international workshop in Hanoi on July 13.
Although Vietnam’s growth has slowed down amid global economic crises, he country is showing stronger performance than the majority of others in the world and continuing to be an attractive destination for foreign manufacturers, according to insiders.
Vietnam attracted approximately 16.24 billion USD in foreign direct investment (FDI) from the beginning of this year to July 20, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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.
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&.
Hanoi attracts nearly 2.3 bln USD of FDI in 7 months (Photo: VNA) 
In July alone, the city has 37 new FDI projects with a total registered capital of 22.3 million USD. (Photo: VNA) 
