Thang Long Industrial Park in Hanoi's outlying district of Dong Anh (Photo: VNA)
Hanoi (VNA) – An estimated 866.8 million USD in foreign direct investment(FDI) was channelled into Hanoi in January, the municipal Statistics Officereported.
Thatcomprises 859.4 million USD registered for 10 new projects, 5.1 million USD addedto six existing ones, and 2.3 million USD spent on seven transactions to contributecapital to or buy shares of local businesses.
Duringthe month, 2,529 new companies with combined capital of 35.4 trillion VND (1.4billion USD) were established in Hanoi, respectively rising 54% and 2.4-fold yearon year. As many as 3,660 firms resumed operations, up 50%.
While12,300 businesses registered suspension of operations, 457 others weredissolved, increasing 56% and 52%, respectively, data shows.
The office said consumption demand has continued growing compared to the finalmonths of 2023 as the Lunar New Year (Tet) festival is nearing. Retail sales ofgoods and consumer service revenue totalled 68.8 trillion VND in January, up3.2% month on month and 9.3% year on year.
Nguyen Manh Quyen, Vice Chairman of the Hanoi People’s Committee, said thatthis year, the city will push forward with administrative reforms to create favourableprocedures to attract domestic and foreign investors.
Itwill organise more trade promotion events both in Vietnam and abroad to seekpotential investors. More high-quality agricultural products and items under the “OneCommune, One Product” (OCOP) programmes, and those of craft villages will alsobe developed to serve domestic consumers and tourists, he added./.
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 has made great strides across all fields, setting firm foundations for the capital's future development after 15 years of the administrative boundary adjustment under Resolution No 15/2008/QH12 of the National Assembly (August 1, 2008 - 2023).
Hanoi has maintained its position as the leading destination in Vietnam for foreign direct investment (FDI), bringing in nearly 2.53 billion USD in registered capital during the first nine months of 2023 and representing nearly 12.5% of the country’s total.
Hanoi attracted over 2.6 billion US dollars in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
Vietnamese seafood processing and export enterprises are in the process of completing procedures and adopting necessary technologies to bring their products into the Halal market.
The PM outlined a dual strategy: revitalising traditional growth engines of investment, exports, and consumption, while accelerating breakthroughs in sci-tech, innovation, digital transformation, and green transition.
The complex, covering a total area of 512 ha, is designed after a multi-functional model, prioritising the preservation of natural landscapes, honouring local beauty, and creating an ideal living area.
He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
The Ministry of Finance is drafting policies to establish specialised AI and smart industrial parks to raise the technological profile of FDI projects and create spillover effects for local businesses.
Vietnam ranked as the 8th largest export market of Singapore with an export turnover of more than 11.7 billion SGD (9.06 billion USD) in the first five months of this year, four places higher than that of the same period last year.
Vietnamese Ambassador to the US Nguyen Quoc Dung reviewed key milestones in the bilateral relationship, underscoring the essential and sustained contribution by businesses from both countries, from the time before the normalisation of bilateral ties in 1995 until today, when the two sides are comprehensive stategic partners of each other.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Thang Long Industrial Park in Hanoi's outlying district of Dong Anh (Photo: VNA) 
