Hanoi takes lead in FDI attraction hinh anh 1A graphic image of the 4.1-billion-USD smart-city project invested by Japan’s Sumitomo Corporation in Dong Anh district (Source:https://baodautu.vn)

Hanoi (VNA)
- Hanoi lured more than 6.17 billion USD in foreign direct investment (FDI) in the first seven months of 2018, making it the leading FDI attractor of the country, accounting for 26.9 percent of total FDI commitments in the period.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, Hanoi was followed by Ho Chi Minh City with 4.69 billion USD and the southern province of Ba Ria - Vung Tau with 2.15 billion USD in FDI, which make up 17.9 percent and 9.4 percent of the country’s total FDI attraction, respectively.

Several large projects helped lift Hanoi to the top position.

Among them are the 4.1-billion-USD smart-city project invested by Japan’s Sumitomo Corporation in Dong Anh district and Lotte Mall Hanoi with a total registered capital of 600 million USD invested by the giant Lotte Group of the Republic of Korea (RoK) which aims to build a complex comprising of a shopping mall, hotel, offices and apartments.

At the conference “Hanoi 2018 - Investment cooperation and Development”, municipal authorities also handed over investment licences to 71 projects worth a total 400 trillion VND (nearly 20 billion USD), including 11 FDI projects worth 130 trillion VND (5.43 billion USD).

The municipal Statistics Department said during the period, the foreign invested sector maintained its growth momentum with revenues hitting nearly 14.8 trillion VND, or 48.3 percent of the yearly target, up 3.6 percent year-on-year.

Statistics from the Foreign Investment Agency said foreign investors poured capital into 17 sectors during the last seven months, with the processing and manufacturing industry attracting the most at 9.63 billion USD, 41.95 percent of total registered capital.

Real estate was the second largest attractor with 5.6 billion USD, or 24.4 percent of the total investment, followed by the retail and wholesale sector with 1.69 billion USD, 7.4 percent of the total.

As many as 96 countries and territories had investment projects in Vietnam in the period. Japan led with 6.88 billion USD worth of investment, accounting for nearly 30 percent of the total investment poured into the country.

The RoK came second with total registered capital of 5.46 billion USD and third  was Singapore with 2.73 billion USD, making up 23.8 percent and 11.9 percent of total investment, respectively.-VNA