Hanoi ranked at 3rd place in Vietnam in attracting FDI

Hanoi's FDI attraction has grown tremendously.

According to the report of Planning and Investment Department of Hanoi City, from the beginning of 2018 until now, the result of FDI attraction continues to be positive. As of May 31, the whole city attracted $US 891.91 million. In that, 229 new projects, with newly registered capital of $US 530.83 million; increased projects’ capital by 52 times, registered capital increased $US 131.3 million; Approved capital contribution to buy shares by foreign investors in Vietnamese enterprises 298 times, with a total registered capital of $US 229.78 million.

Thus, Hanoi ranked third place in attracting FDI in Vietnam, after Ho Chi Minh City ($US 1.92 billion) and Hai Phong ($US 1.03 billion) from the beginning of the year to the end of May. In the first six months of this year, the city attracted $US 1.2 billion in foreign investment, increased by 9.4%.

As known, Japan is currently the country ranked first in FDI capital for Hanoi with about $US 5.8 billion; followed by Singapore with $US 5.6 billion; next is Korea with $US 5.4 billion.

Before that, in 2017, the whole city of Hanoi attracted $US 3.435 billion, increased by 10.2% over the previous year, 2016, exceeding the 2017 target by 4%. In that, 556 new projects, with newly registered capital that reached $US 1.434 billion; capital increased by 165 times, registered capital increased $US 690.1 million; Approved capital contribution of 637 foreign investors in Vietnamese enterprises with total registered capital of $US 1,311 billion (including foreign invested enterprises with less than 51% of chartered capital).