Business

Hanoi's industrial parks aim to lure 38.3 mln USD of investment in first half

Hanoi hopes to attract a total investment of 38.3 million USD to local industrial parks and export processing zones in the first half of 2020, equivalent to 64 percent of the figure in the same period last year.
Hanoi's industrial parks aim to lure 38.3 mln USD of investment in first half ảnh 1Illustrative image (Photo: http://kinhtedothi.vn/)

Hanoi (VNA) – Hanoi hopes to attract a totalinvestment of 38.3 million USD to local industrial parks and export processing zones in the first half of 2020, equivalent to 64percent of the figure in thesame period last year.

The capital comes from five new projects totaling nearly 15 million USD, and 10capital-added projects worth acombined 23.3 million USD.

Le Quang Long, vice head of the Management Board of the Hanoi Industrial and ExportProcessing Zones said local enterprises have been facing difficulties caused bythe COVID-19 pandemic.

They are making every effort todiversify material sources for production and seek new consumption markets, towards fulfiling their production targets for the second half and the whole year.

According to the management board, industrial and export processing zones inHanoi generate jobs for nearly 160,000 labourers, including 1,219 foreigners.

Thecapital city led the country in attracting foreign direct investment (FDI) inthe first four months of this year, with 4.75 billion USD, or 30.6 percent ofthe total capital poured into the Vietnamese economy./.
VNA
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