Vietnam’s two largest cities - Hanoi and HCM City -- have been listed among the top emerging market cities in the world that are attractive for FDI (Photo: cafef.vn)
Hanoi (VNA)- Hanoi and HCM City have been listedamong the top emerging market cities in the world that are attractive forforeign direct investment (FDI).
According to FDI’sGlobal Cities of the Future 2016/17, HCM City and Hanoi are at the 10th and17th positions, respectively, among the 25 most FDI-friendly emerging marketcities across the world, voted by the Financial Times.
Mainland Chinese citiesdominate the list, with Shanghai and Beijing at the top spots and Tianjin,Guangzhou and Shenzhen at fourth, fifth and seventh positions.
In the Southeast Asianregion, Thailand’s Bangkok ranks at ninth position on the list.
Singapore has retainedits title of FDI’s Global City of the Future in the top 25 markets, with Londonholding strong in second place and Dublin edging out Hong Kong to claim thethird spot.
According to the ASEANInvestment Report 2016, four countries -- Cambodia, Laos, Myanmar and Vietnam (CLMV)-- witnessed the highest surge in FDI attraction in Southeast Asia, with thegrowth rate of 38 percent last year.
Total FDI inflows intothe four countries in 2015 increased from 12.6 billion USD to 17.4 billion USD.The FDI portion of the countries rose from 10 percent in 2014 to 14 percent in2015.
Vietnam took the lead inthe CLMV bloc, attracting FDI worth 11.8 billion USD in 2015, a surge of 28percent from the previous year.
Figures from the GeneralStatistics Office showed FDI commitment in Vietnam was 14.3 billion USD in theJanuary-November period, representing a year-on-year decline of 10.5 percent.However, FDI disbursement saw an increase of 8.3 percent to 14.3 billion USD inthe period.
Actual FDI in Vietnam isexpected to reach a record high of 15 billion USD in 2016, after rising 17.4percent to 14.5 billion USD last year, Prime Minister Nguyen Xuan Phuc said atthe recent Vietnam Development Forum, an annual dialogue between the VietnameseGovernment and donors.-VNA
Hanoi attracted 445 foreign invested projects with total registered capital of 2.8 billion USD between January and October, rising by 2.6 times from the same period of 2015.
Total foreign direct investment (FDI) registered in the country saw a year-on-year decline of 10.5 percent in the 11 months of this year to 18.1 billion USD.
Ho Chi Minh City’s economy continued to expand in the period from January to November with services and trade being major growth engines, according to the municipal People’s Committee.
Ho Chi Minh City absorbed 3.7 billion USD in new foreign direct investment (FDI) so far this year, including expansion and acquisitions, according to the municipal People’s Committee.
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.
Vietnam’s two largest cities - Hanoi and HCM City -- have been listed among the top emerging market cities in the world that are attractive for FDI (Photo: cafef.vn) 
