Hanoi: 10-month foreign investment jumps 2.6 times year on year
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.
Hanoi (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.
About 1.2 billion USD of the registered capital was implemented during the period, the Government portal (chinhphu.vn) quoted Deputy Director of the municipal Department of Planning and Investment Tran Ngoc Nam as saying at a meeting on November 15.
Big foreign investments were poured into some industries that the capital city is strong at, he said, noting that in the hi-tech sector, 300 million USD was committed for the building of a Samsung research and development centre.
FDI companies have posted growth in the disbursed capital and performance, which in turn would promote their confidence in the market and the local investment climate, Nam said.
One-fifth of the enterprises nationwide are based in Hanoi, making the capital city one of the leaders in business number, he said, adding that the continually improved business environment has facilitated the establishment of new firms.
From 2011 to 2015, 80,209 companies were set up in Hanoi, accounting for 43 percent of the total number of firms founded here between 1992 and 2015.
More than 22,000 new businesses with registered capital of over 203 trillion VND (about 9.1 billion USD) have been born in the city since the beginning of 2016, respectively rising by 19 percent and 42 percent from a year earlier.
Nam attributed those outcomes to drastic moves to tackle business difficulties, promote investment, and hold dialogues with enterprises.
The gross domestic product of Hanoi this year is estimated at 8.03 percent – a six-year high, he added.-VNA
Hanoi enjoyed relatively high economic growth in the first half of the year with good performances in the service and industry-construction sectors, officials said at a meeting on August 1.
The Hanoi Promotion Month, which has been organised in November every year since 2009, is expected to stimulate consumption and build consumers’ trust.
Hanoi welcomed 3.2 million international tourist arrivals in the first ten months of 2016, up 23 percent year-on-year and close to the figure recorded in 2015 (3.36 million).
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
An aerial view of flyovers in Hanoi (Photo: VNA)
