Want to be in the loop?
subscribe to
our notification
Business News
HCMC LEADS IN FDI ATTRACTION
HCMC was the frontrunner among all Vietnamese localities in foreign direct investment (FDI) attraction last year, with US$5.85 billion registered in the city.
The city’s FDI thus accounted for nearly 16% of the country’s FDI attraction of US$36.6 billion last year. Other localities that followed HCMC in FDI attraction included Haiphong, Quang Ninh, Bac Giang, Thai Binh, Hanoi, Binh Duong and Dong Nai.
HCMC has so far attracted over 12,000 projects with total investment capital of more than US$57 billion, also taking the lead in FDI attraction.
The city’s project count comprises nearly 32% of the nation’s total FDI projects and contributes around 13% of the overall registered capital.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam attracted a total of 39,140 FDI projects with pledged capital nearing US$469 billion by the end of last year.
The 10 localities securing the most significant FDI inflows were HCMC, Hanoi, Binh Duong, Dong Nai, Ba Ria-Vung Tau, Haiphong, Bac Ninh, Thanh Hoa, Long An, and Quang Ninh.
In contrast, the provinces with the lowest FDI levels by the end of last year were Lai Chau, Dien Bien, Ha Giang, Cao Bang, Bac Kan, Gia Lai, Son La, Ca Mau, Tuyen Quang, and Dong Thap. Among these, Lai Chau and Dien Bien each hosted only one FDI project, with respective pledged capital of US$1.5 million and US$3 million.
Source: The Saigon Times
Related News
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.
![Card image cap](/uploads/news/FDI.jpg)
FDI INFLOW INTO VIETNAM REACHES NEARLY 15.2 BILLION USD
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1 per cent, according to the General Statistics Office.
![Card image cap](/uploads/news/Eco4.jpg)
GDP GROWTH REACHES 6.42 PC IN FIRST HALF
Vietnam's economy grew by 6.42 pc in the first six months of 2024, slightly lower than the figure of 6.58 pc in the same time of 2022 within the 2020-2024 period.
![Card image cap](/uploads/news/Eco3%20%281%29.jpg)
CAPITAL FLOWS STRONGLY INTO INDUSTRIAL REAL ESTATE
Industrial real estate has had easier access to bank credit since July, when the State Bank of Vietnam (SBV) reduced the credit risk coefficient for industrial real estate from 200 per cent to 160 per cent, encouraging commercial banks to lend to more projects in the segment.