Hanoi’s FDI attraction hit 1.3 billion USD in 7 months

09:43 | 01/08/2024 FDI Follow Ven.vn on

The capital city of Hanoi attracted 124.9 million USD in foreign direct investment (FDI) in July, bringing the total in the first seven months to 1.3 billion USD, 65% higher than the same period last year.

According to the municipal Statistics Office, over 1.1 billion USD was poured into 143 new projects in the January – July period, 138 million USD added to 102 existing projects, and 77 million USD spent on contributing capital to or purchasing shares of local companies.

Hanoi’s FDI attraction hit 1.3 billion USD in 7 months

Illustrative photo - Photo: baodautu.vn

In the first seven months, Hanoi had 18,000 newly established enterprises with a combined registered capital of 162.1 trillion VND (6.41 billion USD), a decrease of 2% in the number of companies and 9% in capital year-on-year.

Meanwhile, as many as 6,600 businesses resumed their operation, up 14% compared to the same period last year, and 18,200 others registered to temporarily suspend operations, 23% higher than that of the same period last year.

A total of 2,500 businesses dissolved, up 18% over the same period last year.

Source: VNA

See more news

Foreign investment surpasses 24.78 billion USD in nine months

09:27 | 04/10/2024 FDI

Total registered foreign investment into Việt Nam has exceeded US$24.78 billion as of September 30, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Brescia province's business community interested in Vietnamese market

09:16 | 04/10/2024 FDI

Vietnamese Ambassador to Italy Duong Hai Hung on October 1 attended a business forum on Southeast Asian markets held in the city of Brescia in Northern Italy, at the invitation of President of the Federation of Employers (Confindustria) of Brescia province Franco Gusalli Beretta.

Long Son Petrochemicals complex starts commercial operation

15:14 | 03/10/2024 FDI

Long Son Petrochemicals (LSP)’s integrated petrochemical complex, the first of its kind in Vietnam, was put in commercial operation on September 30.

Deli Group breaks ground for 270 million USD stationery factory in Hai Duong

18:27 | 29/09/2024 FDI

China’s Deli Group broke ground for its new stationery manufacturing plant at the Dai An Expanded Industrial Park in the northern province of Hai Duong on September 28.

SpaceX plans to invest US$15 billion in Vietnam

09:23 | 26/09/2024 FDI

Tim Hughes, senior vice president for Global Business and Government Affairs of the US-based provider of spacecraft, satellite launch services, and satellite communications SpaceX, has said the corporation plans to invest US$15 billion in Vietnam.

Andre De Jong appointed as managing director of Bosch Vietnam

17:24 | 25/09/2024 FDI

(VEN) - Bosch Vietnam announced a leadership change for its managing director. Andre De Jong will succeed Dominik Meichle and assume responsibilities effective November 1, 2024.

Vietnam remains bright spot in foreign investment attraction in ASEAN

15:26 | 20/09/2024 FDI

Skilled workforce, a growing digital economy, competitive wages, and a sizeable regional market were among ASEAN’s top attractions to foreign investors, with Vietnam’s economic resilience being ranked foremost in attracting international firms, according to details given by HSBC experts.

Hanoi capitalises on advantages to attract FDI

10:26 | 13/09/2024 FDI

According to the Ministry of Planning and Investment, since the beginning of 2024, FDI has concentrated on provinces and cities with strong infrastructure, stable labour force, administrative reform efforts, and dynamic investment promotion activities. Among these, Hanoi has consistently ranked among the leading localities in the country for attracting FDI.

PM hosts Japanese multi-industry firm's chairman

15:07 | 12/09/2024 FDI

Prime Minister Phạm Minh Chính urged Mitsui & Co., Ltd of Japan to accelerate the implementation of the Block B gas-electricity project and expand its co-operation and investment in other sectors in Việt Nam, especially offshore wind energy development, during a meeting with its Chairman Tatsuo Yasunaga in Hà Nội on Wednesday.

Deputy PM pledges to facilitate operations of Hong Kong groups

16:13 | 10/09/2024 FDI

Permanent Deputy Prime Minister Nguyen Hoa Binh on September 10 held working sessions with representatives of some leading groups in Hong Kong (China) as part of his trip to Hong Kong for attendance at the 9th Belt and Road Summit.

Latest Most Read

Viet Nam back as ASEAN’s growth star: HSBC

16:02 | 21/12/2024 Economy

From a challenging in the first quarter of 2024, Viet Nam’s domestic economy outlook has turned more positive as the recovery continues to firm up as the year progresses, which brings Viet Nam back as ASEAN’s growth star.

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Additional Vietnamese fruits given green-light to enter US and Australia

15:32 | 21/12/2024 Trade

Passion fruit and pomelo will be the next two Vietnamese agricultural products to be exported to the United States and Australia, according to the Import-Export Department under the Ministry of Industry and Trade.

Ha Giang Province promotes sales of local products through e-commerce

15:24 | 21/12/2024 Trade

(VEN) - Recently, the northern mountainous province of Ha Giang has implemented various solutions to boost trade, with particular emphasis on e-commerce development.

PM's Certificate of Merit presented to Japanese prefecture's governor

14:22 | 21/12/2024 Cooperation

Vietnamese Ambassador to Japan Pham Quang Hieu on December 20 handed over Prime Minister Pham Minh Chinh's Certificate of Merit to Governor of Niigata prefecture Hanazumi Hideyo in recognition of his contributions to Vietnam-Japan relations.

Multimedia

Video Longform Infographic Photo

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.

Policy

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Nine newly-adopted laws made public

16:42 | 20/12/2024 Policy

The Presidential Office on December 20 announced the President’s order to make public nine new laws that were passed by the 15th National Assembly at its eighth session.

Resolution on construction of North-South high-speed railway issued

11:42 | 19/12/2024 Policy

National Assembly Chairman Tran Thanh Man recently issued a resolution on the investment policy for the North-South high-speed rail project.

PM requests no one be left behind in apparatus restructuring

09:16 | 18/12/2024 Policy

Prime Minister Pham Minh Chinh on December 17 requested the development of regimes and policies to ensure the legal and legitimate rights and interests of officials, civil servants, public employees, and labourers in the restructuring of the organisational apparatus, with no one left behind.

Industry & Trade

Ministry proposes incentives for renewable energy projects

16:17 | 20/12/2024 Energy

The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Vietnamese coffee sector working to meet EU Deforestation Regulation

16:38 | 18/12/2024 Industry

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

Construction industry expands at the highest rate since 2020: ministry

09:38 | 18/12/2024 Industry

The construction industry is estimated to expand at around 7.8- 8.2% this year, the highest rate since 2020, according to a Ministry of Construction report.

Investment

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

12:33 | 21/12/2024 Investment

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

Can Tho attracts non-state investment

10:21 | 17/12/2024 Investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Finance-Banking

Year-end surge in property bond issuance amid financial challenges

09:39 | 20/12/2024 Finance-Banking

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

Vietcombank named most valuable brand in Vietnam

16:43 | 18/12/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

Many banks increase deposit interest rates in year-end period

16:56 | 16/12/2024 Finance-Banking

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Environment

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Nature-based projects help Mekong Delta fight climate change

16:31 | 18/12/2024 Environment

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

11:26 | 16/12/2024 Environment

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.

Science - Technology

Vietnam can partner with UK in developing nuclear power: Expert

12:43 | 21/12/2024 Science - Technology

Vietnam should research the feasibility of applying small modular nuclear reactor technology that the UK is currently working on, according to Dr. Dao Duc Cuong from the mechanical, engineering and energy faculty of the University of Bradford of the UK.

Vinaphone launches fastest 5G service in Vietnam

12:38 | 21/12/2024 Science - Technology

Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.

Vietnam cooperates with Google to launch “Official Government Apps" feature

17:13 | 20/12/2024 Science - Technology

The Authority of Information Security (AIS) under the Ministry of Information and Communications, in collaboration with Google, launched the "Official Government Apps" feature on December 20 to enhance user protection against fraudulent activities and ensure online safety in Vietnam.

Two VNA newspapers rated "excellent" in digital transformation maturity

14:29 | 17/12/2024 Science - Technology

Two newspapers of the Vietnam News Agency - VietnamPlus and Tin tuc (News) - are among the 28 press agencies in Vietnam rated “excellent” in digital transformation maturity by the Authority of Press under the Ministry of Information and Communications.

Society

How will green transformation roadmap for Ho Chi Minh City public transport be applied?

12:19 | 21/12/2024 Society

(VEN) - According to the Ho Chi Minh City People’s Committee, from 2030, 100% of the city’s buses will use electricity and green energy.

Vietnam aims high with global education integration scheme until 2030

16:36 | 20/12/2024 Society

Deputy Prime Minister Le Thanh Long has signed a decision approving a scheme on global integration in education and training until 2030, aimed at fostering socio-economic development, people-to-people diplomacy and international cooperation across various sectors.

HCMC - Trung Luong - My Thuan Expressway to be expanded

15:46 | 18/12/2024 Society

(VEN) - On the afternoon of December 17, the Government Office issued Notice No. 558/TB-VPCP, concluding the remarks of Deputy Prime Minister Tran Hong Ha at a meeting on the investment project to expand the Ho Chi Minh City (HCMC) - Trung Luong - My Thuan Expressway.

Metro line 1 begins commercial operations this weekend

10:45 | 18/12/2024 Society

The Metro Line 1 (Ben Thanh - Suoi Tien) in Ho Chi Minh City will start commercial operations on December 22, 2024, while its official inauguration has been postponed to after the 2025 lunar New Year (Tet) holiday.

Vietnamese Brands

Viettel's hi-tech products meets standards for supply to Malaysia

13:19 | 21/12/2024 Vietnamese Brands

The Viettel High Technology Industries Corporation (VHT), a subsidiary of the the Viettel Military Industry and Telecoms Group (Viettel), announced on December 20 that it has received a certification from the Ministry of Defence, and the Army of Malaysia, recognising that Viettel's military communication products meet standards to be supplied to the Malaysian Army.

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

Culture

Enduring tradition of Ha Nhi ethnic minority group's costumes

13:14 | 21/12/2024 Culture

Nestled in the rugged landscapes of northern mountainous Dien Bien province, Ha Nhi ethnic minority group in Sin Thau, Sen Thuong, Leng Su Sin and Chung Chai communes of Muong Nhe district have preserved their traditional costumes through generations, ensuring that its significance remains as vital today as it was in the past.

Legendary band Boney M to thrill Vietnamese audiences this Christmas

14:49 | 17/12/2024 Culture

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.

Ten prominent cultural, sports, tourism events in 2024 announced

14:39 | 17/12/2024 Culture

The Ministry of Culture, Sports, and Tourism on December 16 announced the top 10 cultural, sports, and tourism events for 2024 based on both direct and online voting.

Argentine culture moves closer to Vietnam with Tango dance

15:15 | 16/12/2024 Culture

(VEN) - The Tango dance from Argentina is sometimes lively, sometimes gentle, with sophisticated melody and lyrics, is getting closer to the Vietnamese people who love the Argentine culture.

Tourism

Two VNese destinations among cheapest places to live for digital nomads

13:10 | 21/12/2024 Tourism

Popular website Travel off Path of the United States has listed two Vietnamese places among their Top 4 Exciting Digital Nomad Destinations in Asia Where You Can Live On under US$1,000 a Month list.

Vietnam among top 3 destinations appealing to Australians

14:34 | 17/12/2024 Tourism

Australians are continuing to travel in record numbers with the latest data revealing Vietnam as one of the three top-growth destinations, according to the Singapore-based asianaviation.com on December 16.

Ha Long Bay celebrates 30 years as a world heritage site

15:16 | 16/12/2024 Tourism

Ha Long Bay, a breathtaking gem of Vietnam, was recognised as a World Natural Heritage site three decades ago, on December 17, 1994. This 30-year milestone not only marks a moment of pride for Vietnam but also underscores the immense responsibility that comes with safeguarding such a natural treasure.

“Biet dong Sai Gon - Legendary Tunnels" tour launched

15:10 | 16/12/2024 Tourism

The People’s Committee of District 10 in Ho Chi Minh City and the Chim Canh Cut Travel Service Joint Stock Company on December 14 launched an inter-district tourist tour named "Biet dong Sai Gon - Nhung can ham huyen thoai" (Saigon Special Forces - Legendary Tunnels."

Hanoi’s FDI attraction hit 1.3 billion USD in 7 months

See also

See more news

Multimedia