Public investment in August and the first eight months of this year increased 45.4 percent and 30.4 present year-on-year, respectively, according to the General Statistics Office (GSO).
Hanoi (VNA) – Public investment in August and the firsteight months of this year increased 45.4 percent and 30.4 present year-on-year,respectively, according to the General Statistics Office (GSO).
The investment hit five-year high, reaching 47.4 trillion VND (2.0billion USD) in August and 250.5 trillion VND between January and August.
In the eight months, the amount of capital under the management ofthe central government was 41.2 trillion VND, equivalent to 48.7 percent of theyearly target and up 65.1 percent against the same period last year; and thevolume of capital under the management of local administrations was 209.3trillion VND, equivalent to 51.1 percent of the yearly target and ayear-on-year rise of 25.2 percent.
Vietnamattracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percentyear-on-year, according to the Ministry of Planning and Investment.
Therewere 1,797 new FDI projects licensed, with registered capital totalling 9.73billion USD, down 25.3 percent in project numbers but up 6.6 percent in valuecompared to the same period last year. The increase was attributed to theinclusion of the Bac Lieu LNG-to-power project, with investment capital of 4 billionUSD, or 41.1 percent of the total.
Meanwhile,718 existing projects were permitted to raise their investment by more than4.87 billion USD in total, a 22.2 percent increase year-on-year.
Foreigninvestors also outlaid 4.93 billion USD on share purchases or capitalcontributions during the period, down 48.2 percent.
Duringthe eight-month period, Vietnam invested a total of 330 million USD abroad, up15. 8 percent year-on-year, the ministry reported.
Ofthat number, 218.4 million USD was poured into 86 new projects and theremaining 111.8 million USD pledged to 25 existing projects./.
Prime Minister Nguyen Xuan Phuc chaired an online meeting on July 16 between permanent Government members and localities on speeding up public investment disbursement.
Prime Minister Nguyen Xuan Phuc on July 18 urged 12 cities and provinces in the central and Central Highlands key economic region to push ahead with public investment disbursement.
The North-South Expressway will be equipped with a smart traffic system when put into operation to ensure efficient management and operation of vehicles, according to the Ministry of Transport.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: VNA) 
