Business

Hanoi lures over 900 mln USD in nine months

Hanoi attracted 919 million USD in 231 foreign direct investment (FDI) projects in the first nine months of this year, the municipal Statistics Department has announced.
Hanoi attracted 919 million USD in 231 foreign direct investment (FDI)projects in the first nine months of this year, the municipalStatistics Department has announced.

Among the sum, 493.5 million USD were poured in 190 newly-licensedprojects. Almost new projects are in the service sector which requiresless land and capital.

It is partly due to the factthat the remaining land in industrial zones available for new investorsis now limited while newly established industrial zones are strugglingwith land clearance.

During the same period, thetotal capital for development went up 12.9 percent year-on-year to over146 trillion VND. Of which, the State capital accounted for 42,4 billionVND (2 billion USD), up 11.5 percent.

Economicexperts said that the increase in development capital in the secondquarter is yet to improve compared to the previous quarter, which isattributable to difficult access to credit with interest rates remainingat a high level.

In the third quarter, developmentinvestment in the capital city is expected to improve after theGovernment asked relevant agencies to accelerate the progress ofexisting projects using the State budget.-VNA
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