An additional 150 foreign direct investment (FDI) projects with a total capital of 450 million USD got underway in Hanoi in the first half of this year, according to the municipal Statistics Department.

This represents a 7.4 percent reduction in the number of projects and a 49.5 percent decrease in registered capital compared to the same period last year.

Cong Xuan Mui, Head of the municipal Statistics Department said the FDI has been mainly invested in the services sector, which requires less capital and land, while manufacturing received a significantly smaller sum.

To add to manufacturers woes, the acreage of industrial zones available for new investors is now limited and newly established industrial zones are struggling with compensation claims and land clearance issues.-VNA