The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) reported that as of April 2023, total FDI capital had reached $8.88 billion, or 82.1 percent of that of the same period last year. 

This included newly registered foreign capital, additionally invested capital and capital contributed to existing enterprises.

FDI has been registered in 46 cities and provinces in Vietnam. Hanoi led the country with total FDI capital worth over $1.1 billion.

As many as 77 countries and territories have investments in Vietnam. Singapore is the biggest foreign direct investor with a total investment capital of $2.2 billion, followed by Japan with $2 billion.

China is in third position with $752 million of registered capital. The fourth position is Taiwan (China) and the following positions are Hong Kong (China) and South Korea.

The report on socio-economic development in the first four months of the year released by the General Statistics Office (GSO) showed that total travel revenue was estimated at VND 9.1 trillion, or 2.1 times higher than that of the same period last year.

About 3.6 million foreign travelers came to Vietnam during that time, or nearly 50 percent of the target, 19.2 times higher than the same period last year.

Foreign travelers were mostly from South Korea, the US, Thailand and China. 

Notably, the number of Chinese travelers in April soared to 111,903, nearly double the number in March. In the first four months of the year, Vietnam greeted 252,136 Chinese travelers.

According to the Hanoi Tourism Department, the city received 8.14 million travelers in the first four months of the year, up 74 percent over the same period 2022. 

This included 6.7 million domestic travelers and 1.44 million foreign travelers, much higher than the same period in 2022. 

According to Savills Vietnam, in the first quarter of 2023, the number of tourists grew by 220 percent year on year to 1.1 million in Hanoi, including 339,000 domestic visitors, up 21 percent, and 712,000 foreign travelers, up 1,400 percent.

Hanoi is expected to have two new hotel projects in 2023 with 471 new rooms.

Nguyen Le