Hanoi leads FDI injection in first three quarters hinh anh 1A corner of the Old Quarter walking street in downtown Hanoi is seen from above. (Photo: VNA)

Hanoi (VNA) – Hanoi led Vietnam in foreign direct investment (FDI) inflow in the first nine months of 2018 with more than 6.26 billion USD, a 5.4-fold rise from the same period last year, according to a local official.

Some 162.7 trillion VND (over 6.95 billion USD) in non-state investment was injected into 70 projects in the capital, with local investment for development estimated at 219.44 trillion VND (9.38 billion USD), up 10.3 percent, Director of the municipal Department of Planning and Investment Nguyen Manh Quyen told the 15th meeting of Hanoi’s 16th Party Committee on October 1.

The meeting, chaired by Secretary of the city’s Party Committee Hoang Trung Hai, was held to review socio-economic development in the first three quarters of the year and tasks for the remaining months.

The nine-month Gross Regional Domestic Product (GRDP) rose by 7.17 percent as compared to 6.87 percent of the same period last year and is expected to exceed 7.35 percent this year. Export earnings rose by 21.6 percent to 10.51 billion USD.

The city welcomed about 19.7 million visitors, including 4.3 million foreigners, up 9.2 percent and 20 percent, respectively.

During the period, the city created jobs for 151,000 people, up 18.8 percent year-on-year, and 84.9 percent of the local population were covered by health insurance.

The city has also seen progress in IT application at governmental offices. It has accelerated public administrative reforms by introducing hundreds of online services.

In the final quarter, the city will focus on stimulating consumer demand and keeping the local market and prices under control, particularly ahead of the Tet holiday (traditional New Year of the Vietnamese).

Secretary of the city’s Party Committee Hoang Trung Hai asked local authorities to intensify urban management and promote traffic safety in the remaining months. He also urged them to promptly devise solutions for issues in capital construction projects, especially in terms of land clearance and management of condominiums.

He noted the city will put into use a number of key projects in the next few months, including a flyover across the An Duong – Thanh Nien intersection, Duong River Surface Water Treatment Plant and Cat Linh – Ha Dong elevated railway.–VNA