Hanoi attracts 1.6 billion USD in FDI in ten months
Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.
Hanoi attracts 1.6 billion USD in foreign direct investment in the first ten months of this year. (Photo: VNA)
Hanoi (VNA) – Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.
According to the municipal People’s Committee, over 1.1 billion USD was poured into 233 new projects in the January – October period, while 184 million USD was added to 160 existing projects, and 208 million USD was spent by foreign investors through contributing capital and purchasing shares.
In the reviewed period, Hanoi had 24,900 newly established enterprises with a combined registered capital of 228.3 trillion VND (nearly 9 billion USD), a decrease of 5.7% in the number of companies and 11.8% in capital year-on-year.
Meanwhile, as many as 8,600 businesses resumed their operation, up 15.1% compared to the same period last year, and 21,800 others registered to temporarily suspend operations, 20.1 % higher than that of the same period last year.
A total of 3,900 businesses dissolved, up 28% over the same period last year.
🌊 The number of workers working in industrial enterprises in the city in October increased by 0.5% month-on-month and 0.7% year-on-year. However, in the first ten months of 2024, the labour utilisation index of industrial enterprises dropped 0.9% year-on-year. Particularly, the number of workers working in non-state enterprises decreased by 4.3% while the number of workers in the foreign-invested sector exapanded by 0.7%; and that in the state sector grew by by 1.7%./.
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.
Despite a modest influx of foreign direct investment (FDI) in the real estate sector since early 2024, Savills Vietnam sees a silver lining in the surge of FDI into high-tech manufacturing.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
