Hanoi most attractive to foreign investors in nine months

Tuesday, 01/10/2019 16:44
According to the General Statistics Office (GSO), in the first nine months of 2019, Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) by luring USD6.15 billion, accounting for 23.5 percent of the total FDI that Vietnam got in the period.
Hanoi from above (Source: zing.vn)


The capital was followed by Ho Chi Minh city with USD4.52 billion, or 17.3 percent of the total FDI.

The southern industrial hub of Binh Duong came third with 2.52 billion USD, accounting for 9.6 percent of the total FDI flowed into Vietnam so far this year.

The GSO reported that Vietnam attracted USD26.16 billion in the first nine months of this year, up 3.1 percent over the same period in 2019.

26 commodities earn export value of over USD1 billion

As many as 26 export commodities bagged more than USD1 billion each, equivalent to 89.8% of Vietnam’s total export turnover, said the Ministry of Industry and Trade on September 30th.

Of this, five commodities registered an export value of over USD10 billion.

Wood and wooden products (Photo for illustration/ Source: sggp.org.vn)


Specifically, telephone and components earned the largest export value of USD38.6 billion, equivalent to 19.9% of the total or a year-on-year rise of 5.1%. It was followed by electrical, computer, spare parts with USD24.5 billion (up 16.9%); garments and textiles USD24.8 billion (up 10.4%); footwear USD13.3 billion (up 13.5%); and machinery, equipment and tools USD12.9 billion (up 7.5%).

Although exports of wood and wooden products met difficulties due to new technical barriers from markets, businesses made best efforts to boost shipment with USD7.5 billion, up 17%. Means of transport and spare parts bagged USD6.4 billion, up 8.1%. 

On vice versa, export turnover of most agricultural and seafood products in nine months decreased sharply. Of this, the sharpest reduction went to coffee with 20.7%; followed by rice 9.7% and cashew, pepper and tea 4-6%.

The US is now the biggest export markets of Vietnam with USD44.9 billion, a year-on-year rise of 28.2%. Followings are the EU USD31.1 billion, down 0.7%; ASEAN USD19.4 billion, up 4.7%; Japan USD15.1 billion, up 10% and the Republic of Korea USD14.5 billion, up 8.1%.

River tides in HCM city reach flood warning level 3

The Southern Regional Hydro-Meteorological Center has announced that river tides in Ho Chi Minh city and the Mekong Delta region reached flood warning level 3 on September 30th and October 1st.

There are six warning levels, with more than 5m being the maximum.

River tide at Tran Xuan Soan street, district 7, HCM city on October 30th (Source: tuoitre.vn)


The centre said the tides at Phu An and Nha Be stations on the Sai Gon-Dong Nai rivers rose to a record 1.68-1.70m on the two days. The peak times are from 5am to 7am and 4pm to 6pm.

The centre has issued flood warning level 3 for until October 3rd.

People's Committees of districts recommend and guide people to elevate furniture, especially easily-damaged items by flood in order to prevent high tide from entering the house. People must be careful when passing through flooded areas, even familiar areas.

People only pass through the flooded areas when there are absolutely no dangers with the support of forces and means; follow safety signs or instructions of responsible personnel; do not try to save property swept away, especially along rivers and canals; turn off the electricity when being flooded; carefully check when reusing electrical appliances after being flooded; and do not contact the power source while it is wet or standing under water./.

Compiled by BTA

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