Illustrative image (Source: VNA)

Hanoi (VNA) – Foreign direct investment in Hanoi amounted to 744 million USD in the first four months of 2018.

According to the municipal report on its implementation of socio-economic development plan, between January and April, of the total FDI amount, 498.6 million USD was poured into new projects, 55.4 million USD was added to existing projects, and 190 million USD was invested in company stakes.

During the period, Hanoi also approved 21 privately financed projects with total investment of 16.3 trillion VND (717.2 million USD).

The authorities also licenced the establishment of 8,139 new enterprises, with their registered capital totaling at over 78.2 trillion VND (3.44 billion USD). The value represented an annual increase of 27 percent.

The capital city absorbed 3.4 billion USD in FDI last year.-VNA