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
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
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.
