Hà Nội’s Remarkable Investment Surge in 2023

December 10, 2023 - 00:00

Against the backdrop of a rapidly evolving economic landscape, Hà Nội, Vietnam's capital city, has experienced a remarkable surge in foreign direct investment (FDI).

HÀ NỘI – Hà Nội experienced a significant boost in foreign direct investment (FDI) in 2023, solidifying its position as an attractive destination for international investors. The city successfully attracted nearly US$2.9 billion in FDI capital, marking a remarkable 62 per cent increase compared to the previous year.

Publication Info: Vietnam News

The first 11 months of 2023 witnessed a particularly impressive performance, with registered foreign investment capital in Ha Noi estimated to have soared to US$2.69 billion. This represents an outstanding growth of 77.1 per cent over the same period in 2022, securing Ha Noi the 5th position nationwide in terms of attracting foreign investment capital.

This surge in FDI reflects not only the city's growing economic prowess but also its increasing appeal to global investors. As Ha Noi continues to foster an environment conducive to business and innovation, the influx of foreign capital is poised to contribute significantly to the capital city's economic development and enhance its standing on the national stage. – VNS

Trà Vinh helps businesses increase trade, exploit FTAs

Economy

Việt Nam promotes coconut exports, enhances industry value

Economy

Catalysing Việt Nam's green future: EU's role in Cần Thơ, Trà Vinh's energy transition

Economy

Transition to sustainability an urgent task: policymakers

Economy

Việt Nam needs $14 billion to develop EV charging stations

Economy

Incentive mechanisms needed for semiconductor industry: PM

More on this story

Economy

Plastic companies experience a division in profit outcomes

The plastic industry is currently experiencing a decline in revenue, but there are notable differences in profit performance among enterprises.

Economy

Measures needed to help SMEs tap ASEAN market: seminar

More measures are needed to encourage and improve market access for domestic enterprises, especially small and medium-sized enterprises (SMEs) that account for 97 per cent of the country's total businesses, experts said at a seminar entitled "The ASEAN Market: From Initiative to Action" in HCM City on Friday.

Economy

Local car market still sees sluggish sales as Tết nears

Domestic auto market is experiencing a decline in car sales and a lack of customer demand compared to previous years,

Economy

Fruit, vegetable exports to hit record in 2023

The Việt Nam Vegetable and Fruit Association (VINAFRUIT) estimated that Việt Nam’s fruit and vegetable exports will top US$5.5 - 5.6 billion, which is a new record, in 2023.

Economy

Domestic motorcycle market sees decrease in sales this year

In the third quarter 2023, VAMM members including Honda, Piaggio, Suzuki, SYM and Yamaha Motor Vietnam reported selling a total of 610,635 motorcycles of all types, a 3.69 per cent increase compared to the previous quarter. However, members’ total sales in the first 9 months of 2023 of nearly 1.84 million vehicles represented a 16 per cent decline compared to the same period last year.

Economy

Fitch upgrades Việt Nam to 'BB+', outlook 'Stable'

The upgrade reflects Việt Nam's favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, which Fitch Ratings expects will continue to drive sustained improvements in its structural credit metrics.

Economy

First-ever digital transformation review toolkit for manufacturing, supporting launched

Amid the slow adoption of digital transformation by small and medium enterprises constrained by investment costs and knowledge gaps, this practical toolkit will allow enterprises to effectively implement digital solutions based on their capabilities and resources

Economy

NA Chairman meets leader of Thai Chamber of Commerce, leading Thai firms

Vietnamese National Assembly (NA) Chairman Vương Đình Huệ received Chairman of the Thai Chamber of Commerce (TCC) Sanan Angubolkuk and executives of several leading businesses of Thailand in Bangkok on December 8 as part of his ongoing official visit to the Southeast Asian country.