Figures released at a forum on Vietnam-Japan investment and trade promotion 2015 held in HCM City on July 31 showed Japan is currently the city’s sixth largest investor in foreign direct investment.
As of July 15 this year, HCM City was home to 788 projects with a combined capital of 2.72 billion USD focusing on real estate, the processing and manufacturing industry, retail and wholesale.
Major projects include the Ben Thanh – Suoi Tien metro route, water environmental improvement in Tau Hu – Ben Nghe – Doi – Te canals and the East-West Highway.
Japan was the city’s largest export market in 2014, accounting for 14.3 percent of the city’s total export value, and the fifth largest exporter to HCM City, making up 6.9 percent of the city’s total import value.
Trade volume between HCM City and Japan in the first six months of this year reached three billion USD, of which the city’s exports were 1.8 billion USD.
Le Thanh Liem, Vice Chairman of the municipal People’s Committee, said the city hopes to receive more assistance from the Japanese Government and Japanese business community to innovate the city’s growth model. He called on Japanese investors to invest in infrastructure, high-quality workforce, support industry and high-tech technology agriculture.
HCM City has signed a number of cooperation agreements with Japanese localities such as Osaka, Hyogo, Shiga and Yokohama city. It also signed a framework agreement on economic cooperation with the Kansai region’s Department of Economy, Trade and Industry.
The municipal Department of Planning and Investment simplified procedures relating to business, taxes and customs as well as regularly organises dialogues to address any emerging issues.
HCM City currently has 17 industrial zones with a total area of 4,000 hectares, including two hi-tech parks and a hi-tech agriculture park.
The city plans to build seven more industrial zones across 2,000 hectares and continue developing new urban 💜areas such as Thu Thiem in District 2 or Tay Bac in Cu Chi district.-VNA
Carrier Vietjet Air (VJA) will increase the number of flights between HCM City’s Tan Son Nhat airport and Chu Lai airport in central Quang Nam province from 4 to 7 round trips per week from August 4.
Government agencies have been asked to help farmers identify the most desirable tra fish products in local and overseas markets, in an aim to increase production and consumption.
The Ministry of Industry and Trade (MoIT) has unveiled that it is tearing down tariff barriers on imports from other ASEAN nations as part of forming the world's 7th largest free-trade market.
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.
The Long Thanh - Dau Giay Expressway (Photo: VNA)
