Hanoi continues to lead the country in drawing foreign direct investment (FDI) with more than 7.5 billion USD poured into the capital since the beginning of 2018, a 2.18-fold increase against the previous year.
A Japanese-invested production line of electronic products in Hanoi's Quang Minh Industrial Park (Illustrative image. Source: VNA).
Deputy director
of the municipal Department of Planning and Investment Tran Ngoc Nam revealed
the information at a regular press meeting of the Hanoi Party Committee on
December 25.
In 2018, the city has granted licences to 616 new FDI projects with total
registered capital of 5.03 billion USD, he said.
According to Nam, the capital has deployed a number of measures to improve
the investment environment and increase support for investors and businesses
from business registration to implementation of projects.
Particularly, the city has approved the simplification of 61
administrative procedures and pressed ahead with online business registration,
ensuring that relevant administrative procedures are completed within three
days.
Japan is the leading foreign investor in Hanoi with about 10.6 billion
USD, followed by Singapore, 6.9 billion USD, and the Republic of Korea, 5.5
billion USD, Nam said.
The field most attractive to foreign investors are real estate, which
absorbed 34.8 percent of total FDI, followed by processing and manufacturing
24.4 percent, information and communications 8.72 percent, and construction
6.29 percent, he added.
Source: VNA
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
