A worker at the Kim Dinh Company in the Hi-tech Park in Ho Chi Minh City. (Source: VNA)
Hanoi (VNA) – Foreign companies registered to invest more than 2.8 billion USD in Vietnam duri𓄧ng the first two months of this year, up 135 percent year-on-year.
According the General Statistics Office (GSO), of this sum, over 1.9 billion USD came from 291 newly-licensed projects, surging 96.6 percent in the number of projects and 167.5 percent in the level of capital, while another 137 operating projects, which expanded their investments, contributed 898.3 million USD. GSO noted that disbursements of foreign direct investment (FDI) also recorded a yearly rise of 15.4 percent to an estimated 1.5 billion USD.
During the reviewed period, the manufacturing and processing sector accounted for more than 71 percent of the total FDI pledged in the country, as it attracted 1.99 billion USD. This was followed by the entertainment industry, with 210.6 million USD.
Singapore remained Vietnam's largest source of FDI, with 435.2 million USD and making up 22.8 percent of the nation's total new registered FDI in the past two months. It was followed by Malaysia with 233.2 million USD or 12.2 percent; the Republic of Korea (202.4 million USD or 10.6 percent); and Japan (160.6 million USD or 8.4 percent).
Large foreign investors also included Hong Kong, mainland China, the United Kingdom and Taiwan.
In the first two months, Hanoi retained its position as the most attractive investment destination for foreign investors. The capital city attracted 242.4 million USD in investments, totalling 12.7 percent of FDI pledged in the country.
The northern provinces of Bac Giang and Bac Ninh came in second and third with 206.1 million USD or 10.8 percent, and 200.6 million USD or 10.5 percent, respectively. They were followed by Ba Ria-Vung Tau province with 157.1 million USD; HCM City (156 million USD); Dong Nai province (143 million USD) and Ha Tinh province (139 million USD).
Earlier, Nguyen Mai, Chairman of the Vietnam Association of Foreign Invested Enterprises, told online newspaper bizlive that many multinational groups have scheduled to move their production and businesses from other countries in the region to Vietnam to take advantage of the FTAs. Therefore, the Government should guide authorities of provinces and cities to choose suitable foreign investors and technologies to protect the environment and reduce energy usage, he noted.-VNA
Republic of Korea (RoK) businesses have poured additional 6.72 billion USD into Vietnam, making the RoK the largest among 62 foreign investors in the Southeast Asian nation.
Vietnam drew more than 1.3 billion USD in newly-registered and additional capital from foreign direct investment (FDI) projects in January, up 101.2 percent against the same period last year.
Several foreign businesses are attentive to recent developments and want to shift their investments into Vietnam as they see big opportunities of big Trans-Pacific Partnership (TPP).
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
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.
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.
A worker at the Kim Dinh Company in the Hi-tech Park in Ho Chi Minh City. (Source: VNA)
