Over 2.6 billion USD of FDI poured into Hanoi in ten months

Tuesday, 14/11/2023 16:45
Hanoi attracted over 2.6 billion USD in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period, Deputy Director of the city’s Department of Planning and Investment Nguyen Ngoc Tu said on November 14.
Workers produce sausage at the factory of the Thailand-invested CP Vietnam Livestock JSC in Hanoi. (Photo: VNA)

At a meeting of the municipal administration to review the city’s FDI attraction in the past months, Tu also said the city expects to attract about 484.8 million USD in the two remaining months of this year.

The city will strive to get about 3.15 billion USD in FDI next year and about 2.7 billion USD in 2025.

Tu said that as the country is entering a period of deeper economic integration, Hanoi considers the business community in general and FDI businesses in particular a key driver of the city’s economic growth and integration.

Speaking at the meeting, Vice Chairman of the municipal People’s Committee Nguyen Manh Quyen requested departments, branches and local authorities to intensify administrative procedure reforms, promptly solve obstacles and boost investment promotion activities.

He also asked managers of industrial parks in the city to improve their infrastructure.

Investment promotion activities must be carried out economically, practically and effectively. Relevant departments and agencies should provide sufficient information and timely support to investors, he said.

Vietjet named leading airline brand by Korean consumers in 2023

Vietjet will open its 15th route in the RoK - Vietnam network, connecting the coastal cities of Busan and Phu Quoc starting from December 2023. (Photo: Vietjet)

Vietjet has been honoured with two Korean awards, winning first place in air transportation category at "Consumer Satisfaction Brand Awards 2023" (CSBA) hosted by JoongAng Ilbo, one of the major newspapers in the Republic of Korea and "2023 Korea Consumer Best Brand Awards" (CBBA).

The awards aim to honour global and domestic companies for bringing the best experiences to their Korean customers in various industries, by considering the company's reliability, service experience, and company value. Vietjet is the only airline brand honoured at both awards this year.

Myung-seo Koo, Business Director of JoongAng Ilbo, said: “The ultimate goal of this event is to select reliable companies through the Consumer Satisfaction Brand Awards. We will establish an exemplary corporate image by comprehensively judging the safety of the brand, public trust, and excellence of service.”

Vietjet has been honoured with two Korean awards, winning first place in air transportation category at the "Consumer Satisfaction Brand Awards 2023". (Photo: Vietjet)

The organiser of the Korea Consumer Best Brand Awards said the purpose of the award is to select companies or brands with high consumer satisfaction through not only brand competitiveness, but also customer satisfaction management and sound social values.

Since its first flight to Seoul in 2014, Vietjet has transported nearly 7.4 million passengers on 14 routes, with over 300 weekly flights connecting the RoK’s major cities of Seoul, Busan, and Daegu to Vietnam’s famous destinations of Ho Chi Minh City, Hanoi, Hai Phong, Da Nang, Nha Trang, Phu Quoc, Can Tho and Da Lat.

When flying with Vietjet, passengers also receive complimentary SkyCare insurance, experience flights on new aircraft with professional and dedicated crews, and enjoy delicious hot and fresh meals. Viejet also runs many frequent ticket promotions to provide affordable air fares to Korean consumers. The airline will open its 15th route in the RoK - Vietnam network, connecting the coastal cities of Busan and Phu Quoc starting from December 2023.

Vietjet previously has been named “Asia's Leading Airline for Customer Experience 2023” by the prestigious global award, World Travel Awards. The airline has also won international awards by reputable organisations such as Skytrax, World Business Outlook, and AirlineRatings./.

Vietnam exports over seven million tonnes of rice in 10 months

The nation exported more than 7.05 million tonnes of rice worth US$3.95 billion between Jan. – Oct. 2023, up 15.9% in quantity and up 34% in value year on year.

Vietnam exports over 7 million tonnes of rice between Jan. - Oct. 2023

According to the Ministry of Industry and Trade, the country’s average price of exported rice during the reviewed period reached US$559.5 per tonne, marking a 15.6% increase over the same period last year.

October alone witnessed Vietnamese rice exports reach 635,102 tonnes worth US$406.76 million, up 4.9% and 7.7% in quantity and value month on month. The figures represent an annual decline of 10.9% in quantity and an increase of 34% year on year.

According to statistics, the average export price throughout the reviewed period stood at US$640.5 per tonne.

The Philippines made up the largest buyer of Vietnamese rice in 10 months with 2.63 million tonnes, while Indonesia and China ranked second and third, with 1.03 million tonnes and 883,967 tonnes, respectively.

The export price of rice on November 14 remained stable. According to the Vietnam Food Association, the exported price of Vietnamese 5% broken rice stood at US$653 per tonne, while the price of 25% broken rice hovered at around US$638 per tonne.

Vietnam ranks 75th in global talent competitiveness index

Vietnam was placed 75th out of 134 countries on the 2023 Global Talent Competitiveness Index (GTCI), a ranking which assesses the overall competitiveness of countries’ human resources.

Vietnam was placed behind Mexico in 74th and followed by Mongolia in 76th in the global rankings.

Vietnam ranks 75th in global talent competitiveness index

In Southeast Asia, Vietnam was placed higher than Thailand in 79th, Indonesia in 80th, and the Philippines in 84th. However, it was behind Singapore in second, Brunei in 41st, and Malaysia in 42nd.

GTCI is published annually by INSEAD, the Business School for the World, and is a bench-marking report that measures and ranks countries based on their ability to grow, attract, and retain talent. It provides a unique resource specifically for decision makers to enable them to gain a greater understanding of the global talent competitiveness picture and to develop strategies which can boost their economies.

Switzerland, Singapore, and the United States all firmly retained their leading positions as the world’s most talent competitive countries, according to the 2023 GTCI.

This year witnessed Denmark, the Netherlands, Finland, Norway, Australia, Sweden, and the UK make up the rest of the Top 10. European countries continue to dominate the Top 25, boasting a total of 17.

Elsewhere, Canada, New Zealand, the United Arab Emirates (UAE), the Republic of Korea (RoK), and Israel also joined the Top 25. Indeed, the UAE has moved up from 25th to 22nd, while Japan dropped out of the Top 25, replaced by the RoK in 24th.  

Looking back over the past decade, one significant highlight is that the top 10 countries have largely remained the same. Remarkably, eight of the Top 10 countries this year were also among the inaugural Top 10 in 2013, the website insead.edu wrote.

Several of the largest emerging economies are among the best improvers over the past decade, including China which has moved from being a talent mover to a talent champion, Indonesia which has made some of the greatest strides in talent competitiveness over the past decade, Mexico which has moved from being a talent laggard to a talent mover, and Brazil which has progressed and may well soon categorise as a talent mover.

Most recently, Vietnam ranked 82nd among 134 countries on the 2021 GTCI.

In 2019, the country was placed at 92nd out of 125 countries in the global rankings./.