HCM City sees surge in FDI in first half

08:48 | 05/07/2024 FDI Follow Ven.vn on

Ho Chi Minh City drew 198.82 million USD in foreign direct investment in the first half of this year, doubling the amount recorded in the same period last year, the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) told a press conference on July 3.

This growth was primarily driven by existing projects increasing their capital. Nine projects reported capital injections totaling 188.97 million USD, a threefold increase year-on-year. The Green Planet project led the way with a capital rise of 158 million USD.

HCM City sees surge in FDI in first half

At the press conference to review operations of Ho Chi Minh City's industrial parks and processing zones in the first half of this year

However, the number of new FDI projects approved during the period declined. HEPZA reported the approval of only 10 new projects with a combined registered capital of 9.85 million USD, down 73.46% annually.

Domestic investment in the city's industrial parks and processing zones also experienced a decline. Total domestic investment reached over 1.79 trillion VND (73.17 million USD), marking an 89.42% decrease year-on-year. While there were nine new domestic projects with a registered capital of 604.9 billion VND (down 96.23% annually), 11 existing projects saw their investment capital rise by 1.187 trillion VND, representing a 33.75% increase.

Despite the slowdown in new projects, Chief of HEPZA Office Nguyen Thi Lan Huong highlighted positive developments in the city's industrial parks and export processing zones, with an export turnover estimated at 4.5 billion USD for the first half, reflecting a 7% increase year-on-year.

As of the end of June, the IPs and EPZs housed a total of 1,715 active investment projects with a combined registered capital of 13.59 billion USD, including 561 foreign-invested projects valued at over 7.2 billion USD and 1,154 domestic projects with a total investment exceeding 114.98 trillion VND (6.32 billion USD).

Source: VNA

See more news

Dong Nai province’s foreign investment surges by 34%

17:59 | 01/09/2024 FDI

The southern province of Dong Nai attracted nearly 1 billion USD worth of foreign investment as of August 20, up 34% year-on-year, according to the provincial Department of Planning and Investment.

German Business Association in Vietnam honors outstanding enterprises for the first time

18:04 | 31/08/2024 FDI

The German Business Association (GBA) in Vietnam honored outstanding business members across various sectors.

Viet Nam attracts more than 10,000 investment projects from South Korea

11:17 | 30/08/2024 FDI

As of June this year, cumulative direct investment from South Korea in Viet Nam had reached nearly US$87.5 billion with more than 10,000 investment projects.

Trade pact promotes EU investment in Vietnam

15:23 | 29/08/2024 FDI

(VEN) - Offering tariff incentives and removing market access restrictions in various sectors, the EU-Vietnam Free Trade Agreement (EVFTA) has opened the door for EU investors to access and expand their investments in Vietnam.

Gia Lai, Australia’s New South Wales state promote trade, investment cooperation

15:04 | 29/08/2024 FDI

A workshop was held in Sydney on August 28 to promote the trade and investment cooperation between the Central Highlands province of Gia Lai and New South Wales state of Australia.

Binh Duong innovates its way of attracting foreign investment

09:30 | 27/08/2024 FDI

The southern province of Binh Duong continues to be a top choice for a new generation of foreign investors, thanks to its measures to develop industrial park infrastructure, improve transport connections, and attract human resources for production.

Bac Giang eyes potential investors from Europe, America

22:59 | 25/08/2024 FDI

The northern province of Bac Giang will continue to focus on innovating and enhancing the quality of investment attraction in the coming time, according to the provincial People's Committee.

Tourism, investment potential of Tay Ninh introduced to foreign firms

18:23 | 24/08/2024 FDI

The southern province of Tay Ninh introduced its tourism potential and investment opportunities to diplomats and businesses of 15 countries at a meeting in Tay Ninh city on August 22.

SCG color roof achieves Singapore green label certification

11:27 | 23/08/2024 FDI

SCG Concrete Roof Vietnam Co., Ltd., (CRVC), a member company of SCG, announced that its SCG color roof has become the first concrete roof tile brand in Vietnam to achieve Singapore Green Label in July 2024, which is one of the most prestigious global certifications for environment and product quality.

Phu Tho expands industrial zones for more investment

09:53 | 21/08/2024 FDI

The northern province of Phu Tho has completed the construction and expansion of seven industrial parks and 21 out of the 28 industrial clusters, helping turn the province into a magnet for foreign investors.

Latest Most Read

Bac Lieu plans to become renewable energy export hub

16:10 | 18/09/2024 Energy

HANOI - Deputy Prime Minister Tran Hong Ha has signed off a development plan for the Mekong Delta province of Bac Lieu that will cost 16-18 billion USD from now until 2030.

Tropical depression expected to strengthen into typhoon within 24 hours

15:51 | 18/09/2024 Environment

HANOI – The National Centre for Hydrometeorological Forecasting has predicted that by 7 am on September 19, the current tropical depression in the East Sea will strengthen into a typhoon, reaching wind speeds of level 8 with gusts of level 10.

Ministry outlines two economic growth scenarios for 2025

14:22 | 18/09/2024 Economy

The country’s gross domestic product (GDP) is predicted at 6.5-7 per cent in the first scenario and 7-7.5 per cent in the second.

Tapping the potential to sell seaweed-based carbon credits

14:14 | 18/09/2024 Economy

Việt Nam has the potential to cultivate seaweed on one million hectares, providing resources for multiple industries and income from carbon credit sales.

Hà Nội attracts investment in agricultural product processing

14:10 | 18/09/2024 Economy

The Hà Nội Department of Agriculture has assisted companies in enhancing production capacity and implementing advanced quality management systems to ensure food safety.

Party, State on people’s side in typhoon response, recovery efforts

07:52 | 14/09/2024 Society

HANOI – Making landfall in Vietnam almost one week ago, super Typhoon Yagi has taken a heavy toll on the country, but the Party, State, armed forces, and people nationwide have been taking various strong and comprehensive measures to minimise consequences and aid recovery endeavours.

'C = SET + 1' Strategy can realise Việt Nam's semiconductor ambitions

10:37 | 14/09/2024 Economy

Semiconductor requires a unique strategy, a grand vision, unwavering determination, resilience, and acceptance of risk

Footwear industry takes bold steps towards green growth

11:30 | 14/09/2024 Industry

The establishment of a centre for raw materials to support the textile, leather and footwear industries will help meet new demands from importing countries, focusing on sustainability in production and social responsibility.

Developing supporting industries needs to be a priority

11:37 | 14/09/2024 Support industries

A report of the Ministry of Industry and Trade (MoIT) shows that the number of enterprises in the supporting industry sector accounts for only about 4.5 per cent of the total number of companies in the manufacturing and processing industry.

PM urges Indonesia to early sign bilateral rice trade cooperation agreement

17:26 | 14/09/2024 Foreign trade

HÀ NỘI — Prime Minister Phạm Minh Chính received Indonesian President-elect Prabowo Subianto in Hà Nội on September 14, during which he proposed Indonesia soon sign a rice trade cooperation agreement with Việt Nam.

Multimedia

Video Longform Infographic Photo

Vietnam wins first-ever medal at Women's World three-cushion Championship

10:05 | 18/09/2024 Lifestyle

Nguyen Hoang Yen Nhi became the first Vietnamese player to win a medal at the Women's World Three-cushion Championship, which concluded in France on September 12.

Hanoi's peach, kumquat villages left empty-handed after typhoon Yagi

10:00 | 18/09/2024 Photo

Rising water level caused many ornamental tree growing areas in Phu Thuong peach village, Nhat Tan and Tu Lien kumquat village to be severely flooded. The trees were submerged in water for several days, causing root rot and mass die-offs, leaving many households with long-standing traditional livelihoods empty-handed.

Quảng Ninh tourism hit by typhoon

09:07 | 18/09/2024 Tourism

The recent Typhoon Yagi has seriously damaged tourism facilities in the northern province of Quảng Ninh. Now many must rebuild from scratch, in order to return the region to the popular tourism destination it once was.

Nation rallies to support communities affected by Typhoon Yagi

17:12 | 17/09/2024 Infographic

Typhoon Yagi has caused severe destruction across northern Vietnam, leading to heavy rain, flash floods, and widespread flooding in the northern mountainous regions. In response to the extensive damage and loss of life, emergency relief efforts and community support initiatives have been mobilised nationwide to aid affected residents and help them recover from the disaster.

Int’l community stands with Vietnam overcoming typhoon aftermath

16:38 | 13/09/2024 Society

The devastating Typhoon Yagi has left terrible consequences for northern localities of Vietnam. In recent days, many countries and international organizations have given helping hands to Vietnam.

Policy

Top leader Tô Lâm pens article on innovating Party leadership

09:38 | 17/09/2024 Policy

HÀ NỘI — Top leader Tô Lâm has penned an article on the continuous innovation of the Party's leadership and governance methods.

Preparations ongoing for send off ceremony of UN peacekeeping missions

09:03 | 17/09/2024 Policy

Engineering Unit Rotation 3 is scheduled to leave Hà Nội for the UN Interim Security Force for Abyei (UNISFA) on a UN charter flight on September 24.

Legal framework critical to boosting green credit

13:52 | 15/09/2024 Policy

HANOI – The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.

Việt Nam calls for int’l cooperation in response to climate change

11:45 | 15/09/2024 Policy

GENEVA — International cooperation is the key to handle damage caused by climate change, ensuring that no one is left behind, Ambassador Mai Phan Dũng, Permanent Representative of Vietnam to the United Nations (UN), World Trade Organisation, and other international organisations in Geneva said on September 13.

Industry & Trade

Bac Lieu plans to become renewable energy export hub

16:10 | 18/09/2024 Energy

HANOI - Deputy Prime Minister Tran Hong Ha has signed off a development plan for the Mekong Delta province of Bac Lieu that will cost 16-18 billion USD from now until 2030.

Việt Nam needs to consider energy storage to ensure energy security

10:12 | 18/09/2024 Energy

Việt Nam needs to consider the development of a battery energy storage system (BESS) to ensure energy security and sustainable development, experts have said.

Power restored to nearly 99pct of typhoon-affected clients

09:22 | 18/09/2024 Energy

EVN units in northern Việt Nam are continuing to mobilise personnel, vehicles, and equipment to repair the damage caused by the storm and ensure full power restoration to the remainders as soon as possible.

Developing supporting industries needs to be a priority

11:37 | 14/09/2024 Support industries

Investment

Swiss investors keen on exploring investment opportunities in Nam Dinh province

08:57 | 17/09/2024 Investment

Swiss enterprises have expressed their interest in exploring investment opportunities in the northern province of Nam Dinh while attending a workshop recently co-organised by the Swiss-Viet Economic Forum (SVEF) and the Vietnamese Embassy in the European country.

FPT partners with Nordic tech giant in digital banking development

19:16 | 15/09/2024 Investment

Global ICT company FPT Software, a subsidiary of the FPT Corporation, signed a Memorandum of Understanding to establish a strategic partnership with Vilja, a leading Nordic core banking service provider based in Stockholm, in the framework of the recent Vietnam-Sweden Business Forum 2024.

Hanoi capitalises on advantages to attract FDI

10:26 | 13/09/2024 FDI

PM hosts Japanese multi-industry firm's chairman

15:07 | 12/09/2024 FDI

Finance-Banking

Eximbank to pay cash dividend for the first time in a decade

10:13 | 18/09/2024 Finance-Banking

Eximbank plans to distribute its first cash dividend payout in a decade, totalling around VNĐ522 billion (US$21.3 million).

State budget revenue reaches 77.52% of year's estimate in eight months

16:25 | 16/09/2024 Finance-Banking

The total state budget revenue in the first eight months of this year reached more than 1,146 trillion VND, equivalent to 77.2% of the estimate for the whole of this year and 117.9% compared to the figure for the same period last year, according to the General Department of Taxation.

Ministry to inspect insurers for motor insurance compliance

18:28 | 14/09/2024 Finance-Banking

The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.

Housing credit on the rise: SBV's office

16:41 | 11/09/2024 Finance-Banking

Housing credit has been on the rise as the property market finds its footing and path to recovery, according to the State Bank of Vietnam (SBV).

Environment

Tropical depression expected to strengthen into typhoon within 24 hours

15:51 | 18/09/2024 Environment

Natural disaster warning maps proposed after Typhoon Yagi

09:25 | 18/09/2024 Environment

There were many shortcomings in the response to Typhoon Yagi, as warnings of damage risks due to storms and floods were not specific enough, resulting in negligent behaviour.

Tropical depression expected to enter East Sea, strengthen into storm

15:57 | 17/09/2024 Environment

HÀ NỘI — The National Centre for Hydro-Meteorological Forecasting reported that a tropical depression over the East Sea (known internationally as the South China Sea) is moving westward and is forecast to intensify into a typhoon.

Vietnam, US launch two new projects to strengthen wildlife protection efforts

09:54 | 17/09/2024 Environment

HANOI – The US Mission to Vietnam and the Vietnam Union of Science and Technology Associations (VUSTA) on September 16 launched two new projects to counter wildlife trafficking and reduce illegal wildlife consumption.

Science - Technology

Ministry to trial digital transformation of small enterprises in HCM City district

15:44 | 17/09/2024 Science - Technology

HCM City will implement a plan to support small and medium-sized enterprises with digital transformation to create a new growth driver for them while boosting socio-economic development, a conference has heard in HCM City.

Ministry proposes applying technology to quality control

21:21 | 14/09/2024 Science - Technology

Technological solutions include barcodes and electronic labelling, which are tools for manufacturers to monitor product quality and trace origin.

Vietnam to begin phasing out 2G service

10:25 | 13/09/2024 Science - Technology

By September 15, 2026, the 2G network will be officially shut down nationwide, freeing up frequency resources for more advanced telecommunications technologies. This move aligns with the development goals of both network providers and the country.

Hanoi overcoming challenges to accelerate digital transformation

11:03 | 12/09/2024 Science - Technology

As a major administrative centre of Vietnam, the capital city regards digital transformation as a top priority to enhance governance, facilitate administrative procedures, and connect with citizens and businesses.

Society

Robotic surgery: a new frontier in Việt Nam

10:59 | 18/09/2024 Society

Heightened visibility and the robot’s advanced functionality gives surgeons greater confidence during complex and extended surgeries.

Railway sector suffers over $7.3m in damages due to Typhoon Yagi

10:15 | 18/09/2024 Society

The railway sector sustained significant damage to equipment, infrastructure and services due to Typhoon Yagi which affected the northern provinces.

Hanoi proposes developing intelligent transport system

10:03 | 18/09/2024 Metropolis

HANOI – The Hanoi Department of Transport has asked for the municipal authorities’ approval to develop an intelligent transport system (ITS) through leasing information technology services, with a cost of over 392 billion VND (more than 15.9 million USD) sourced from the city's budget for the first phase in 2025 – 2027.

Binh Minh Plastics and SCG implement project "Loving Water for the Future" in Quang Nam

09:49 | 18/09/2024 Society

Binh Minh Plastics Joint Stock Company (BM PLASCO), in collaboration with SCG, has launched a series of initiatives under the “Loving Water for the Future” project in Quang Nam province.

Vietnamese Brands

Vietnamese products promoted at international food fair in Russia

10:50 | 18/09/2024 Vietnamese Brands

Vietnam's national pavilion at Russia's leading international food and drink exhibition - Worldfood Moscow 2024 - was inaugurated on September 17.

Vietjet to launch Đà Nẵng-Ahmedabad route in October

15:52 | 17/09/2024 Vietnamese Brands

The new route which will be launched on October 23, will increase Vietjet’s routes between Việt Nam and India - a country of 1.4 billion people to eight ones, with 60 flights per week.

Increasing presence of Vietnamese goods, traders in RoK benefits both sides: minister

17:23 | 16/09/2024 Vietnamese Brands

Vietnamese Ambassador to the Republic of Korea (RoK) Vu Ho joined the RoK’s Minister of Small- and Medium-sized Enterprises (SMEs) and Startups Oh Young-joo and German Ambassador Wilfried Schmidt in a visit to Kyungdong, a traditional market in downtown Seoul, on September 13.

France event highlights Vietnam’s corporate culture

17:07 | 16/09/2024 Vietnamese Brands

The first Vietnam corporate culture day has been recently held in Paris, drawing the attendance of nearly 150 representatives from Vietnamese ministries, sectors, and business associations in France and other European countries, as well as French enterprises.

Culture

6th Chăm Ethnic Cultural Festival to take place in Ninh Thuận

09:26 | 18/09/2024 Culture

The 6th Chăm Ethnic Cultural Festival in Ninh Thuận will take place in Phan Rang - Tháp Chàm city in Ninh Thuận province from September 27 to 29 with the participation of artisans, artists, performers, and athletes from the Chăm ethnic community across nine provinces and cities.

Vietnamese lacquer art introduced in Paris

09:21 | 18/09/2024 Culture

A lacquer painting exhibition has opened in Paris spotlighting 40 prominent painters and artists who are currently active in researching and practising Vietnamese lacquer art.

Việt Nam's drum performance thrills Kuala Lumpur audience

09:16 | 18/09/2024 Culture

About 20 domestic and four foreign art troupes from Indonesia, Thailand, Singapore and Việt Nam attended a performance festival entitled Trống cơm (cylindrical drum) by Việt Nam’s Lệ Ngọc Theatre in Kuala Lumpur.

Vietnamese photographer wins ASEAN SX Photo Contest

17:17 | 17/09/2024 Culture

Vietnamese photographer Ho Trung Lam has won the Grand Prize at the ASEAN SX Photo Contest 2024 which was held in Bangkok in Thailand.

Tourism

Quảng Ninh tourism hit by typhoon

09:07 | 18/09/2024 Tourism

What to do in Phu Quoc - a Vietnamese Island you can visit without a visa

17:09 | 17/09/2024 Tourism

Exploring Southeast Asia has never been easier: Phu Quoc Island is an ideal choice for travel and long-term relaxation, with a complete visa exemption policy for international visitors, a temporary stay of up to 30 days, a populous and rich nature, and impressive architecture.

Khánh Hòa all set to hit full-year target of 9 million tourists in September

11:25 | 15/09/2024 Tourism

Khánh Hòa Province will soon celebrate achieving its target of receiving nine million tourists this year, according to its Department of Tourism.

Hạ Long city welcoming tourists back

21:29 | 14/09/2024 Tourism

Hạ Long Bay in the northern province of Quảng Ninh, one of the localities hardest hit by Typhoon Yagi, officially resumed normal operation of tourist boats on September 13, nearly a week after being ravaged by the typhoon.

HCM City sees surge in FDI in first half

See also

See more news

Multimedia