Hanoi tops country in FDI attraction in first eight months
Hanoi got over 2.34 billion USD of foreign direct investment (FDI) in the first eight months of this year, topping the whole country in FDI attraction during the period.
Hanoi tops the whole country in FDI attraction in the first eight months of this year. (Photo: VNA)
Hanoi (VNA) – Hanoi got over 2.34 🍌billion USD of foreign direct investment (FDI) in the first eight months of this year, topping the whole country in FDI attraction during the per💦iod.
The figure is up 2.89 times against last year.
Hai Phong came second with over 2.08 billion USD, increasing by 72.2%, followed by Ho Chi Minh City, Bac Giang, and Binh Duong.
Meanwhile, the capital city attracted nearly 2.3 billion USD of FDI in the first seven months of this year, with 233 new projects worth 97.5 million USD and 108 projects permitted to increase investment capital by 193.5 million USD.
According to the Foreign Investment Agency under the Ministry of Planning ♛and Investment, Vietnam lured close to 18.15 billion USD in FDI from the beginning of this year to August 20ꦉ, up 8.2% year-on-year.
In the period, there were 1,924 newly registered projects with a combined capital of 8.87 billion USD, up 69.5% and 38.6% compared to the same period last year, respectively.
Meanwhile, over 4.53 billion USD was added to 830 existing projects, ♔down 39.7% and up 22.8% year-on-year, respectively.
Regarding investment partners, in the first eight months of this year, 100 countries and territories have invested in Vietnam. Among them, Singapore is leading with a total investment of more than 3.8 billion USD, accounting for more than 21.2% of total investment capital in Vietnam, down 15.4% from the same period in 2022.
China ranked second as Chinese investors poured nearly 2.69 billion USD into Vietnam, accounting for 14.8% of total investment capital.
The implemented capital of foreign investment projects also saw an increase compared to the same period in 2022. As of August 20, 2023, it is estimated that foreign investment projects had disbursed about 13.1 billion USD, an increase of 1.3% over the same period in 2022 and 0.5 percentage points compared to the first seven months of the year./.
Ample room remains for Ho Chi Minh City-Singapore cooperation and their partnership depends on the ability to exploit the similaries and complementary strengths, said Chairman of Ho Chi Minh City’s People’s Committee Phan Van Mai on August 16.
Ho Chi Minh City’s authorities will improve the local investment environment and create favourable conditions for foreign enterprises, particularly those from the Republic of Korea (RoK), to do long-term business stably and effectively, a municipal official has said.
Close to 780 million USD in FDI and over 2.2 trillion VND (91.8 million USD) in domestic capital have so far been poured into industrial parks (IP) in the southern province of Dong Nai since the beginning of the year.
Prime Minister Pham Minh Chinh has demanded the northern province of Bac Ninh strive to become a city with modern industry and high technology by 2030.
Vietnam lured close to 18.15 billion USD in foreign direct investment (FDI) from the beginning of this year to August 20, up 8.2% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
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.