Hanoi attracts 109 million USD in FDI in the first two months of 2018, it was reported at a meeting of the municipal People’s Committee and departments on February 27.
Hanoi (VNA) - Hanoiattracts 109 million USD in foreign direct investment (FDI) in the first twomonths of 2018, it was reported at a meeting of the municipal People’sCommittee and departments on February 27.
The People’s Committee also saidthat the city posted good growth in many sectors, including industrialproduction, sales of goods and services, import-export and tourism.
The committee’s Chairman NguyenDuc Chung requested relevant agencies to continue creating favourableconditions for investors.
He said the city ensured ajoyful and safe Lunar New Year holiday for residents, noting that localagencies and authorities promptly set to work immediately after the holiday.
The chairman announced that thePeople’s Committee will conduct an inspection of operations at all publicoffices of the city, in order to prevent delay in handling documents,especially in sensitive fields such as planning and investment. The city willalso accelerate the launch of more online public services, focusing in thefields of justice, labour and social affairs.
Other tasks include the plantingof trees to realise the target of 1 million trees along streets and in parksand public places, and the development of diverse tourism products.
The capital city welcomed nearly375,000 visitors during the week-long Tet (Vietnamese New Year) festival fromFebruary 14 to 20, including 120,000 international tourist, up 13 percent and 30percent, respectively from the same period last year.
The local tourism industry estimated to earnmore than 1.28 trillion VND (56.5 million USD) during the biggest holiday ofthe year, up 19 percent year on year.-VNA
Economic experts warned of challenges facing Vietnam in 2018 which may cut the country’s Gross Domestic Product (GDP) growth rate to 6.58 percent, lower than the previous year’s figure.
Hanoi has set a target of 7.5-8 percent in export growth in 2018 as compared to last year, which requires stronger efforts from both the industry-trade sector and businesses.
The northern province of Bac Ninh attracted 3.5 billion USD in foreign direct investment (FDI) in 2017, ranking second among provinces and cities across the country.
Businesses in Dong Nai province, an industrial hub in the southern region, have resumed normal activities with a stable worker situation after the Lunar New Year holiday (Tet).
Vietnam has remained an attractive destination for foreign investors in 2017 with total foreign direct investment (FDI) capital hitting 36 billion USD, a record over the past 10 years.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: cafef.vn) 
