Business

Hanoi attracts 1.6 billion USD in FDI in ten months

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

Hanoi attracts 1.6 billion USD in foreign direct investment in the first ten months of this year. (Photo: VNA)
Hanoi attracts 1.6 billion USD in foreign direct investment in the first ten months of this year. (Photo: VNA)

Hanoi (VNA) – Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

According to the municipal People’s Committee, over 1.1 billion USD was poured into 233 new projects in the January – October period, while 184 million USD was added to 160 existing projects, and 208 million USD was spent by foreign investors through contributing capital and purchasing shares.

In the reviewed period, Hanoi had 24,900 newly established enterprises with a combined registered capital of 228.3 trillion VND (nearly 9 billion USD), a decrease of 5.7% in the number of companies and 11.8% in capital year-on-year.

Meanwhile, as many as 8,600 businesses resumed their operation, up 15.1% compared to the same period last year, and 21,800 others registered to temporarily suspend operations, 20.1 % higher than that of the same period last year.

A total of 3,900 businesses dissolved, up 28% over the same period last year.

The number of workers working in industrial enterprises in the city in October increased by 0.5% month-on-month and 0.7% year-on-year. However, in the first ten months of 2024, the labour utilisation index of industrial enterprises dropped 0.9% year-on-year. Particularly, the number of workers working in non-state enterprises decreased by 4.3% while the number of workers in the foreign-invested sector exapanded by 0.7%; and that in the state sector grew by by 1.7%./.

VNA
#Hanoi #FDI #businesses #registered capital #workers #FDI attraction Ha Noi
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