Hanoi sees FDI drop by half in first 6 months
An additional 150 foreign direct investment (FDI) projects with a total
capital of 450 million USD got underway in Hanoi in the first half
of this year, according to the municipal Statistics Department.
An additional 150 foreign direct investment (FDI) projects with a total
capital of 450 million USD got underway in Hanoi in the first half
of this year, according to the municipal Statistics Department.
This represents a 7.4 percent reduction in the number of projects and a 49.5 percent decrease in registered capital compared to the same period last year.
Cong Xuan Mui, Head of the municipal Statistics Department said the FDI has been mainly invested in the services sector, which requires less capital and land, while manufacturing received a significantly smaller sum.
To add to manufacturers woes, the acreage of industrial zones available for new investors is now limited and newly established industrial zones are struggling with compensation claims and land clearance issues.-VNA
This represents a 7.4 percent reduction in the number of projects and a 49.5 percent decrease in registered capital compared to the same period last year.
Cong Xuan Mui, Head of the municipal Statistics Department said the FDI has been mainly invested in the services sector, which requires less capital and land, while manufacturing received a significantly smaller sum.
To add to manufacturers woes, the acreage of industrial zones available for new investors is now limited and newly established industrial zones are struggling with compensation claims and land clearance issues.-VNA
You should also see
PM calls on ASEAN to pen strategic development vision
The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
See more
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Business
Masan completes 250-million-USD investment deal with Bain Capital
Masan Group Corporation on April 23 announced that it has completed the mobilisation of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Business
Capital shortage - headache for construction firms
Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.
Business
An Giang bosters border economy
The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border economic potential.
