The southern economic hub of Ho Chi Minh City attracted more 4.69 billion USD in foreign direct investment (FDI) in the first seven months of 2018, a year-on-year rise of 70.5 percent.
A corner of Ho Chi Minh City (Photo: VNA)
According to the municipal Department of Planning and Investment,
the city granted new investment licenses to 553 projects worth 508.25 million
USD in the period under review. Besides, it also allowed 148 existing projects
to increase capital by 453.38 million USD, a respective year-on-year increase
of 27.6 percent and 13.3 percent.
Local authorities also approved 1,628 foreign investors to carry out procedures
to contribute capital, purchase shares, and buy back capital of 3.73 billion
USD contributed by domestic enterprises.
The Republic of Korea made up the lion’s share of foreign investment in HMC
City with 30 percent, followed by Singapore (22 percent), Norway (13.8
percent), and Japan (10.4 percent).
Investment was mainly poured into real estate (47.6 percent), science and
technology (19.5 percent), wholesale and retail and repair of automobiles,
motorcycles and other vehicles (8.1 percent), processing and manufacturing
industry (7.7 percent), accommodation and catering services (4.2 percent).
In the January-July period, the city granted establishment licenses to 24,303
new domestic businesses with a total registered capital of 315 trillion VND
(13.4 million USD), an annual rise of 5.8 percent and 6 percent respectively.
Source: VNA
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
