Business

Hanoi ranks third in FDI attraction in ten months

Hanoi attracted over 2.6 billion USD in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period, Deputy Director of the city’s Department of Planning and Investment Nguyen Ngoc Tu said on November 14.
Hanoi ranks third in FDI attraction in ten months ảnh 1Workers produce sausage at the factory of the Thailand-invested CP Vietnam Livestock JSC in Hanoi. (Photo: VNA)

Hanoi (VNA) – Hanoi attractedover 2.6 billion USD in foreign direct investment (FDI) in the first ten monthsof this year, which made it the third largest destination of FDI in the countryduring the period, Deputy Director of the city’s Department of Planning andInvestment Nguyen Ngoc Tu said on November 14.

At a meeting of the municipal administration to review thecity’s FDI attraction in the past months, Tu also said the city expects to attractabout 484.8 million USD in the two remaining months of this year.

The city will strive to get about 3.15 billionUSD in FDI next year and about 2.7 billion USD in 2025.

Tu said that as the country is entering a period of deeper economic integration, Hanoi considers the business community ingeneral and FDI businesses in particular a key driver of the city’s economicgrowth and integration.

Speaking at the meeting, Vice Chairman of themunicipal People’s Committee Nguyen Manh Quyen requested departments, branchesand local authorities to intensify administrative procedure reforms, promptly solve obstacles and boost investment promotionactivities.

He also asked managers of industrial parks inthe city to improve their infrastructure.

Investment promotion activities must be carriedout economically, practically and effectively. Relevant departments andagencies should provide sufficient information and timely support toinvestors, he said./.

VNA
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