The northern port city of Hai Phong has so far this year attracted more than 2 billion USD in foreign direct investment (FDI), according to the municipal Department of Investment and Planning.
Hai Phong (VNA) - The northern port city of Hai Phong has so fa🔜r this year attracted more than 2 billion USD in foreign direct investment (FDI), according to the municipal Department o𝓡f Investment and Planning.
The funds came from 27 new projects and 19 added-capital projects.
Among the biggest investors was the Republic of Korea (RoK)’s 1.5-billion-USD LG Displays Co. Ltd, which produces organic light emitting diodes (OLED) for smart phones, watches and notepads.
This project is one of LG’s two largest investment projects in the city.
The RoK is the biggest investor in the Dinh Vu – Cat Hai Economic Zone, with 3.7 billion USD. It is followed by Japan, with 3.3 billion USD.
As of July 20, Vietnam attracted 12.94 billion USD in FDI in 2016, up 46.9 percent against the same period last year, according to the General Statistics Office.
Of the total, nearly 8.7 billion USD came from 1,408 new projects, with the remainder from 660 added-capital projects.
Investors poured money into new projects across 47 provinces and cities nationwide in the period.
Hai Phong topped the country in attracting new FDI projects, followed by Hanoi, and southern Binh Duong and Dong Nai provinces, and Ho Chi Minh City.-VNA
The Republic of Korea (RoK)’s LG Displays Co. Ltd will invest 1.5 billion USD into its new project at the Trang Due Industrial Zone in the northern city of Hai Phong.
The northern port city of Hai Phong granted licenses to 28 new foreign direct investment (FDI) projects worth 1.83 billion USD in the first seven months of 2016.
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.
Hanoi-Hai Phong Highway (Photo:VNA)
