Hanoi ranks third in FDI attraction

02-Sep-2016 Intellasia | VNA | 6:00 AM Print This Post

Hanoi ranked third among localities nationwide in attracting foreign direct investment (FDI), heard a conference held by the municipal People’s Committee in Hanoi on August 31.

According to the municipal Department of Planning and Investment, the city attracted 374 FDI projects so far this year, with 256 newly-licensed projects and 118 capital-added projects with total registered capital of 2.1 billion USD, surpassing this years’ target.

The new investments bring the total FDI projects in the city to 3,686 with total capital of 24.07 billion USD.

The city’s industrial production in the first eight months of this year increased 7.8 percent compared to the same period last year while the Consumer Price Index rose 2.25 percent year-on-year.

Leaders of departments at the event discussed ways to help businesses access capital while promoting administrative reform to improve the investment climate, exports and promote start-ups in the locality.

The city will also bolster information technology application, and introduce a one-stop-shop mechanism in public services.



Category: Economy, Vietnam

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