Hanoi attracts nearly 1.7 billion USD in FDI in 2022

Hanoi attracts 1.69 billion USD in foreign direct investment in 2022 (Photo: VNA)

Hanoi (VNA) – Hanoi attracted 1.69 billion USD inforeign direct investment (FDI) last year, still among the localities leading thenation in this field.

The figure represents a year-on-year rise of 10.3%,according to the city’s Statistics Office.

In the year, there were 365 newly-registered projects totaling233 million USD, and 202 projects that had their capital adjusted with a combined investmentof 834 million USD. Foreign investors also spent 625 million USD oncontributing capital to and purchasing shares of existing ones.

Foreign capital was mainly poured into import-exportactivities, goods distribution, construction, information technology,telecommunications, processing, and manufacturing.

According to the Hanoi Promotion Agency (HPA), after morethan two years of disruptions caused by the COVID-19 pandemic, in 2022, the cityimplemented a lot of trade promotion activities both inside and outside thecountry, with priority given to such key markets as Japan, the Republic of Korea,Singapore, Taiwan (China), China, the US and the European Union.

Illustrative image (Photo: VNA)

Most recently, a working delegation led by Vice Chairman ofthe municipal People’s Committee Nguyen Manh Quyen paid visits to the US andBelgium to step up trade promotion with traditional partners and seek new ones.

For the 2021-2025 period, Hanoi has set a target of attracting30-40 billion USD in foreign investment, and disbursing from 20 to 30 billionUSD.

The city is giving priority to projects in urbaninfrastructure, smart city building, supporting industry, informationtechnology, tourism, finance-banking, human resources training, and hi-techagriculture./.

VNA