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Hanoi: disbursement of public investment up 6.2 percent in February

Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.
Hanoi: disbursement of public investment up 6.2 percent in February ảnh 1The city is also working hard to attract capital from other sources to spur its economic development and accelerate infrastructure construction. (Photo: VNA)
Hanoi (VNA) – Hanoi disbursed some 2.2trillion VND (96.44 million USD) worth of investment sourced from the Statebudget in February, equivalent to 66.5 percent of last month’s figure, but anincrease of 6.2 percent year-on-year, the municipal Statistics Office reported.

In the first two months of this year, disbursedinvestment was over 5.5 trillion VND, up 4.7 percent from the same period lastyear and completing 10.8 percent of the yearly target.

The city is also working hard to attract capital fromother sources to spur its economic development and accelerate infrastructureconstruction.

It licensed eight new FDI projects this month withtotal registered capital of 1.2 million USD. Another 10 projects also increasedtheir investment by 2.2 million USD. Meanwhile, foreign investors’ capital contributionand stake purchase were valued at 1.2 million USD.

During the two-month period, Hanoi lured 470.7 millionUSD worth of FDI, of which new capital was 10.7 million USD, adjustedcapital 112.6 million USD, and capital contribution and stake purchase byforeign investors 347.5 million USD.

In February, the city counted 1,487 newly-establishedfirms, a year-on-year rise of 26 percent, with combined capital reaching 30trillion VND, up 87 percent.

Meanwhile, 309 enterprises dissolved, up 19 percent,and 1,752 others registered for temporary suspension, a 3.3-fold increase, and1,063 resumed their operations, a 3.2-fold rise.

The number of new enterprises in the city in the firsttwo months was 3,400, up 5 percent from the same period last year.  The numbers of businesses dissolved and temporarilysuspended went up 4 percent and 98 percent, respectively.

A total of 4,200 businesses restored their operations inthe two months, up 31 percent, the office said./.
VNA
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