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Hanoi sees sharp FDI rise in first quarter

Hanoi has attracted up to USD4.04 billion foreign direct investment (FDI) since the beginning of the year, up 10-fold against the same period last year.

Hanoi has attracted up to USD4.04 billion foreign direct investment (FDI) since the beginning of the year, up 10-fold against the same period last year.

Of the sum, USD110.71 million come from 153 newly-licensed projects and capital rise of 37 existing projects; meanwhile the remainder of USD3.93 billion from share purchases of companies located in Hanoi by foreign investors.

Hanoi sees sharp FDI rise in first quarter - 1
  

Hanoi has attracted up to USD4.04 billion foreign direct investment (FDI) since the beginning of the year

To date, the capital city has lured a total FDI of USD40.6 billion with 4,551 valid projects.

Between January and March this year, Hanoi has continued improving its investment and supporting enterprises from business registration, land hire as well as project implementation.

According to the Ministry of Planning and Investment, Hanoi topped the country in attracting FDI in the first three months of this year, followed by HCM City and Binh Duong.

The ministry added that FDI registered in Vietnam during the first quarter of 2019 hit the highest level since 2016 with USD10.8 billion in total, up 86.2% year-on-year.

Almost 78% of FDI went into manufacturing, 7.2% into property and 3.5% into technology.

Hong Kong stood first with USD4.4 billion or 40.7%, followed by Singapore and South Korea in terms of foreign investment.

Source: dtinews.vn, LD
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