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Hanoi attracts 8.45 billion USD in FDI

A total of 8.45 billion USD in foreign direct investment (FDI) has been poured into Hanoi capital city so far this year, according to the municipal Statistic Office.
Hanoi attracts 8.45 billion USD in FDI ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – A total of 8.45 billion USD in foreign directinvestment (FDI) has been poured into Hanoi capital city so far this year,according to the municipal Statistic Office.

Of the amount, 6.5 billion USD has been disbursed, thehighest-ever level, the office said.

The accumulative newly-registered and additional capital reachedsome 2.1 billion USD, and capital contribution and share purchase by foreigninvestors amounted to over 6.3 billion USD.

Last year, Hanoi attracted 7.5 billion USDworth of FDI, the highest among the country’s 63 cities and provinces, and morethan twice as much as the 2017 figure.

Eighty percent of the city’s projects werewholly owned by foreign investors. The remaining were associate and jointventure businesses.

FDI capital flowed the most into propertydevelopment (29.5 percent of the total), processing and manufacturing industry(20.1 percent), and telecommunication and information (11.5 percent).

Japan was Hanoi’s largest investor with totalcapital of 10.2 billion USD. The followers included Singapore (6 billion USD)and the Republic of Korea (5.5 billion USD)./.
VNA
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