Vietnam sees FDI surge in first quarter

As of March 20, newly registered and expanded foreign direct investment (FDI) capital in Vietnam was estimated at 6.034 billion USD, representing a year-on-year rise of 63.3 percent and equalling 37 percent of the 2012 figure.
As of March 20, newly registered and expanded foreign direct investment(FDI) capital in Vietnam was estimated at 6.034 billion USD,representing a year-on-year rise of 63.3 percent and equalling 37percent of the 2012 figure.

The figure included 5.4 billionUSD pumped in between February 20 and March 20 only, according to theGeneral Statistics Office (GSO).

Newly-registeredinvestment was estimated at 2.93 billion USD in 191 projects, up 2.2percent over the same period last year. Meanwhile, additional investmentin the 71 existing projects was more than 3.1 billion USD, a surge ofnearly 277 percent.

The processing andmanufacturing industries recorded the highest amount of foreigninvestment, with 84 new foreign-invested projects, which raised theirtotal newly-registered and additional capital to 5.539 billion USD –accounting for 91.8 percent of the capital registered in the firstquarter.

They were followed by the property, andwholesale, retail and repair sectors, with the total newly-registeredand additional capital of 249.84 million USD and 85.2 million USD,respectively.

In Q1, Japan remained Vietnam’sleading investor with a total newly-registered and additionalinvestment of 3.159 billion USD. The country was followed by Singapore,the Republic of Korea, Taiwan and Hong Kong.

Thanks to an additional investment of 2.8 billion USD in the Nghi SonOil Refinery project, central Thanh Hoa province (where the refinery islocated) became the leading locality in FDI attraction. It was followedby northern Thai Nguyen province, southern Binh Duong and Dong Naiprovince and northern Hai Phong city.

GSO reported that up toMarch 22, the country’s total disbursed FDI was 2.7 billion USD, up 7.1percent year on year and equal to 25.8 percent of the total capitaldisbursed in 2012.-VNA

See more

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.