Hanoi attracts US$860 million in FDI in five months
The capital city of Hanoi attracted US$860 million in foreign direct investment (FDI) in the first five months of 2018, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.
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| A phone charging cable production line of the KSD Vina Co. Ltd, invested by the Republic of Korea |
Quyen said the city has carried out 27 non-state capital projects with combined investment of VND27 trillion (US$1.19 billion). In addition, 13 projects were permitted to increase investment capital by VND1.98 trillion (US$87.2 million).
In the first five months of 2018, Hanoi approved another public-private partnership (PPP) project with investment of almost VND1.41 trillion (US$62.1 million), bringing the total number of PPP projects to 12 with total investment of more than VND28.33 trillion (US$1.24 billion).
During the reviewed period, 9,420 businesses were established in the city, with combined registered capital of VND97.5 trillion (US$4.29 billion), down 1% in the number but up 36% in the volume of investment. The figure raised the total number of enterprises in Hanoi to 241,000.
Last year, the capital city drew up to US$3.4 billion in FDI.
