Business

Hanoi most attractive to foreign investors in nine months

Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period.
Hanoi most attractive to foreign investors in nine months ảnh 1A view of Hanoi from Truc Bach lake (Photo: VNA)

Hanoi (VNA) – Hanoi led 59 cities and provincesreceiving foreign direct investment (FDI) in the first nine months of this yearby luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam gotin the period.

According to the General Statistics Office (GSO), Hanoi wasfollowed by Ho Chi Minh City with 4.52 billion USD, accounting for 17.3 percentof the total FDI.

The southern industrial hub of Binh Duong came third with2.52 billion USD, accounting for 9.6 percent of the total FDI flowed intoVietnam so far this year.

TheGSO reported that Vietnam attracted 26.16 billion USD in the first ninemonths of this year, up 3.1 percent over the same period in 2019.

Ofthe figure, 10.97 billion USD was poured into nearly 2,760 new projects, up26.4 percent in the number of projects and down 22.3 percent in terms of thecapital year on year.

Approximately4.79 billion USD was pledged to existing projects, just equivalent to 86.4percent of the value from a year ago.

Foreignfirms invested 10.4 billion USD in Vietnam during the period through capitalcontributions and share purchases, representing a year-on-year increase of 82.3percent and accounting for 39.8 percent of the total registered capital.

Thenine-month foreign direct investment (FDI) disbursement was estimated at 14.22billion percent, up 7.3 percent year on year.

Interms of investment areas, processing and manufacturing remained the mostattractive sector to foreign investors during the January-September period,drawing 18.09 billion USD, making up 69.1 percent of the total FDI pledges. Itwas followed by property trading at 2.77 billion USD (10.6 percent of thetotal) and wholesale and retail at nearly 1.4 billion USD (5.4 percent of thetotal).

Amongthe total 109 countries and territories investing in Vietnam, Hong Kong (China)was the largest investor with 5.89 billion USD, followed by the Republic ofKorea at 4.62 billion USD and then Singapore at 3.77 billion USD. Japanovertook China to rank fourth with a registered capital of 3.067 billion USD.

Majorprojects invested by foreign investors in the first nine months of this yearinclude a deal of Hong Kong’s Beerco Limited’s buying of Vietnam Beverage; theLG Display Hai Phong, which received additional 410 million USD; and aChinese-invested project with 280 billion USD./.
VNA
#General Statistics Office (GSO) #oreign direct investment (FDI) #Hanoi #FDI disbursement #foreign investors #Vietnam #Vietnam news #Vietnam News Agency Ha Noi
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