Hanoi attracted 4.47 billion USD in FDI in January-April 2019, up six times compared to the same period last year. Illustrative image (Source: VNA)

Hanoi (VNA) –
The capital city of Hanoi attracted 4.47 billion USD in foreign direct investment (FDI) in the first four months of 2019, up six times compared to the same period last year. 

The figures were reported at a meeting of the municipal People’s Committee on April 25.

As many as 8,783 businesses were established in January-April with total registered capital of 83.23 trillion VND (3.9 billion USD), representing year-on-year rises of 12 percent and 5 percent, respectively.

In the reviewed period, the city collected over 90.4 trillion VND for the State budget, up 18.7 percent. The local budget expenditure was estimated at 17.18 trillion VND, reaching 17 percent of the estimate.

The export turnover increased 12.9 percent to 4.56 billion USD, while the import turnover rose 4.9 percent to 10.1 billion USD, according to the municipal Department of Planning and Investment.

The consumer price index (CPI) in the four-month period increased 4.06 percent with price hikes recorded in education (up 12.65 percent), cultural services, entertainment and tourism (up 5.13 percent), food and catering services (up 5.67 percent), housing and building material (up 4.3 percent).

More than 1.67 million foreign tourists came to the city in the reviewed time, up 5.8 percent year on year. Tourism revenue is estimated to hit 24 trillion VND, rising 8.9 percent.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the outcomes were attributed to the strong reform of policies and administrative procedures as well as the creation of a favourable business environment.-VNA