Hong Kong becomes largest investor of Vietnam in nine months
Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of 5.89 billion USD, reported the General Statistics Office (GSO).
Hanoi (VNA) – Hong Kong (China) topped 109countries and territories investing in Vietnam in the first nine months of thisyear with total capital of 5.89 billion USD, reported the General StatisticsOffice (GSO).
According to the office, of the total investment, 3.85billion USD was poured into a deal with Vietnam Beverage JSC in Hanoi,accounting for 65.4 percent of the total.
Hong Kong was followed by the Republic of Korea with 4.62billion USD, accounting for 17.7 percent of the total foreign direct investment(FDI) that Vietnam attracted so far this year.
Singapore ranked third with 3.77 billion USD, or 14.4percent of total FDI in nine months.
Meanwhile, Japan surpassed China to become the fourthbiggest investor of Vietnam with almost 3.1 billion USD.
At a press briefing on September 28, the GSO reported thatVietnam attracted 26.16 billion USD in the first nine months of this year, up3.1 percent over the same period in 2019.
Ofthe figure, 10.97 billion USD was poured into nearly 2,760 new projects, up26.4 percent in the number of projects and down 22.3 percent in terms of thecapital year on year.
Approximately4.79 billion USD was pledged to 1,037 existing projects, equivalent to 86.4percent of the value from a year ago.
Foreignfirms invested 10.4 billion USD in Vietnam during the period through capitalcontributions and share purchases, representing a year-on-year increase of 82.3percent and accounting for 39.8 percent of the total registered capital.
Thenine-month foreign direct investment (FDI) disbursement was estimated at 14.2billion USD, up 7.3 percent year on year./.
Vietnam’s foreign direct investment attraction is expected to make a leap in 2019. However, in the first eight months of this year, FDI inflow has seen decreases along with more small-scale projects.
Industrial parks and economic zones attracted 397 foreign direct investment (FDI) projects with estimated registered capital of 10.1 billion USD in the first nine months of this year.
Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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.
Illustrative image (Source: VNA) 
