A phone charging cable production line of the KSD Vina Co. Ltd, invested by the Republic of Korea (Photo: VNA)

Hanoi (VNA) –
The capital city of Hanoi attracted 860 million USD in foreign direct investment (FDI) in the first five months of 2018, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.

Of the amount, 529.2 million USD was registered to invest in 225 new projects, over 131 million USD was added to 48 existing projects and 199.52 million USD was invested in domestic companies’ stakes.

Quyen said the city has carried out 27 non-state capital projects with combined investment of 27 trillion VND (1.19 billion USD). In addition, 13 projects were permitted to increase investment capital by 1.98 trillion VND (87.2 million USD).

In the first five months of 2018, Hanoi approved another public-private partnership (PPP) project with investment of almost 1.41 trillion VND (62.1 million USD), bringing the total number of PPP projects to 12 with total investment of more than 28.33 trillion VND (1.24 billion USD).

During the reviewed period, 9,420 businesses were established in the city, with combined registered capital of 97.5 trillion VND (4.29 billion USD), down 1 percent in the number but up 36 percent in the volume of investment. The figure raised the total number of enterprises in Hanoi to 241,000.

Last year, the capital city drew up to 3.4 billion USD in FDI.-VNA