FDI in Hanoi reduces nearly $2b in 6 months

29-Aug-2014 Intellasia | BizLive | 6:00 AM Print This Post

The Foreign Investment Department says by the end of June 2014, the total registered foreign investment in the city reached $23.08 billion with a total of 3,012 projects.

The implemented investment was estimated at $10.92 billion, accounting for about 51.6 percent of the total valid registered capital.

Of which, there are currently 2,806 valid projects with a total investment of $21.15 billion.

The remaining 206 projects were terminated or dissolved or converted into 100 percent domestic capital or transferred to other provinces/cities with a total reduction of $1.94 billion.

Notably, in H1/2014, there have been positive signals in FDI projects with additional capital. Accordingly, there were as many as 50 projects with a total increased capital of $467.1 million (up 83 percent year-on-year).

The city recovered or terminated operations of 17 projects (including 14 projects outside the industrial park and three projects inside the industrial park) with a total reduction in the accumulated investment of $16.3 million.

Regarding the registered investment, South Korea ranks the first followed by Japan (35.7 percent) and Hong Kong (12.3 percent) and other countries (accounting for the remaining percentage).

Regarding the investment type, the 100 percent foreign invested accounted for the majority with 74.5 percent, the rest is in the form of joint venture, accounting for 25.5 percent.

The implemented investment capital of FDI enterprises in the last six months was estimated to reach $450 million (up 18.42 percent from the same period last year at $380 million).

The revenue of the foreign invested sector is estimated to reach 102.184 trillion dong, equivalent to about $4.86 billion (up 12.37 percent year-on-year).

 


Category: Economy

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