The capital city of Hanoi attracted 4.47 billion USD in foreign direct investment (FDI) in the first four months of 2019, up six times compared to the same period last year.
Hanoi attracted 4.47 billion USD in FDI in January-April 2019, up six times compared to the same period last year. Illustrative image (Source: VNA)
Hanoi (VNA) – The capital city ofHanoi attracted 4.47 billion USD in foreign direct investment (FDI) in thefirst four months of 2019, up six times compared to the same period last year.
The figures were reported at a meeting of themunicipal People’s Committee on April 25.
As many as 8,783 businesses were established inJanuary-April with total registered capital of 83.23 trillion VND (3.9 billionUSD), representing year-on-year rises of 12 percent and 5 percent,respectively.
In the reviewed period, the city collected over90.4 trillion VND for the State budget, up 18.7 percent. The local budgetexpenditure was estimated at 17.18 trillion VND, reaching 17 percent of theestimate.
The export turnover increased 12.9 percent to4.56 billion USD, while the import turnover rose 4.9 percent to 10.1 billionUSD, according to the municipal Department of Planning and Investment.
The consumer price index (CPI) in the four-monthperiod increased 4.06 percent with price hikes recorded in education (up 12.65percent), cultural services, entertainment and tourism (up 5.13 percent), foodand catering services (up 5.67 percent), housing and building material (up 4.3percent).
More than 1.67 million foreign tourists came to the city in the reviewed time,up 5.8 percent year on year. Tourism revenue is estimated to hit 24 trillionVND, rising 8.9 percent.
Chairman of the Hanoi People’s Committee NguyenDuc Chung said the outcomes were attributed to the strong reform of policiesand administrative procedures as well as the creation of a favourable businessenvironment.-VNA
Five years ago, Hanoi started a business incubator project with financial assistance from the European Union. The city authorities will directly monitor the activities of the Hanoi Business Incubator from this year forward.
After four months of development, the Hanoi business information portal was launched with two domain names – //hanoibusiness.vn and //hanoibusiness.com.vn.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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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.
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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.
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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.
Hanoi attracted 4.47 billion USD in FDI in January-April 2019, up six times compared to the same period last year. Illustrative image (Source: VNA) 
