Business

Hanoi attracts almost 870 million USD in FDI last month

An estimated 866.8 million USD in foreign direct investment (FDI) was channelled into Hanoi in January, the municipal Statistics Office reported.
Hanoi attracts almost 870 million USD in FDI last month ảnh 1Thang Long Industrial Park in Hanoi's outlying district of Dong Anh (Photo: VNA)
Hanoi (VNA) – An estimated 866.8 million USD in foreign direct investment(FDI) was channelled into Hanoi in January, the municipal Statistics Officereported.

Thatcomprises 859.4 million USD registered for 10 new projects, 5.1 million USD addedto six existing ones, and 2.3 million USD spent on seven transactions to contributecapital to or buy shares of local businesses.

Duringthe month, 2,529 new companies with combined capital of 35.4 trillion VND (1.4billion USD) were established in Hanoi, respectively rising 54% and 2.4-fold yearon year. As many as 3,660 firms resumed operations, up 50%.

While12,300 businesses registered suspension of operations, 457 others weredissolved, increasing 56% and 52%, respectively, data shows.

The office said consumption demand has continued growing compared to the finalmonths of 2023 as the Lunar New Year (Tet) festival is nearing. Retail sales ofgoods and consumer service revenue totalled 68.8 trillion VND in January, up3.2% month on month and 9.3% year on year.

Nguyen Manh Quyen, Vice Chairman of the Hanoi People’s Committee, said thatthis year, the city will push forward with administrative reforms to create favourableprocedures to attract domestic and foreign investors.

Itwill organise more trade promotion events both in Vietnam and abroad to seekpotential investors. More high-quality agricultural products and items under the “OneCommune, One Product” (OCOP) programmes, and those of craft villages will alsobe developed to serve domestic consumers and tourists, he added./.
VNA
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