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
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
