Foreign direct investment pledges for Ho Chi Minh City fell 30.5 percent year-on-year to 3.8 billion USD during January-November, according to the municipal statistics bureau.
HCM City (VNA) – Foreign direct investment (FDI) pledges for Ho Chi MinhCity fell 30.5 percent year-on-year to 3.8 billion USD during January-November,according to the municipal statistics bureau.
The global economy has been battered by the coronavirus pandemic, andinvestors unable to travel due to restrictions, the bureau further said.
In the 11-month period, 865 new projects weregranted investment registration certificates, a year-on-year decline of 26.8percent. Total registered capital fell to 500 million USD, down 65 percent.
Regarding additional capital, 235 projects registered to adjust their capital,down 16.7 percent, while the total capital topped 476 million USD, down 38 percentas compared to the same time last year.
More than 2.83 billion USD was poured into 3,401 capital contribution and sharepurchase deals by foreign investors, a decline of 13.6 percent.
Since the pandemic continues its complicated developments, the municipalPeople’s Committee has held various dialogues with enterprises to removebottlenecks for them, while carrying out trade promotion activities with largetrade partners like the US, Japan and the Republic of Korea.
According to head of the Ho Chi Minh City Export Processing Zone and IndustryPark Authority Hua Quoc Hung, warehouses have been developed to welcome bothdomestic and foreign investment flow. Particularly, many investors have shiftedtheir production from foreign countries to the southern hub since Vietnam hasput the coronavirus outbreak under control.
Vice Chairman of the municipal People’s Committee Le Thanh Liem said the citywill enact numerous solutions to facilitate FDI by focusing on infrastructureand administrative procedures.
The city will give top priority to FDI firms with advanced management capacity,as well as encourage development of the sectors that create a locomotive forthe economic growth and competitive edge such as intensive science technologyindustry./.
Vietnam has attracted 23.48 billion USD worth of FDI in the first 10 months of this year, equal to 80.6 percent of the figure in the same period last year, the Ministry of Planning and Investment (MPI) has reported.
The southern province of Dong Nai expects to secure 1.18 billion USD in foreign direct investment (FDI) during the January-November period, which is already higher than the target of 1.1 billion USD set for 2020 as a whole.
New foreign direct investment (FDI) in the real estate sector increased four times quarter-on-quarter to 2.35 billion USD in the third quarter, according to statistics of the Ministry of Planning and Investment.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
A corner of Ho Chi Minh City (Photo: VNA) 
