Business

Hanoi ranks third in FDI attraction in 11 months

About 3.2 billion USD in foreign direct investment (FDI) was poured into Hanoi between January and November, accounting for 12.2 percent of total FDI registered in Vietnam so far this year, according to the municipal Statistics Office.
Hanoi ranks third in FDI attraction in 11 months ảnh 1Hanoi attracted 3.2 billion USD of FDI during the last 11 months (Photo: VNA)

Hanoi (VNA) –About 3.2 billion USD in foreign direct investment (FDI) was poured into Hanoibetween January and November, accounting for 12.2 percent of total FDIregistered in Vietnam so far this year, according to the municipal Statistics Office.

This figure made the capital the third largestdestination of FDI in the country during the period.

Of the sum, 662 million USD was channeled into464 new projects while over 1.24 billion USD added to 132 existing ones.Foreign investors also spent 1.28 billion USD on contributing capital to orpurchasing shares of local enterprises.

In November alone, Hanoi licensed 26 new FDIprojects worth 7 million USD, including 26 projects wholly invested by foreigners.Six others were supplemented with 1 million USD. Meanwhile, 52 million USD wasspent to contribute capital to or buy shares of local firms.

Since the year’s beginning, the city has alsorecorded 24,600 new businesses with total registered capital of 303.3 trillionVND (13.2 billion USD), and 5,774 companies resuming operations, data show./.
VNA
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