16:09 (GMT +7) - Wednesday 19/12/2018

Vietnam Today

Hanoi has attracted the largest FDI capital in Vietnam in the first seven months

Released at: 17:43, 02/08/2018

Hanoi has attracted the largest FDI capital in Vietnam in the first seven months

Photo: Duc Anh

Japan, South Korea, and Singapore are Vietnam's biggest investors.

by Hai My

With a total registered capital of $6.17 billion, accounting for 26.9 per cent of total investment capital in the first seven months on 2018, Hanoi surpassed the second place of Ho Chi Minh City with $4.12 billion registered capital of Ho Chi Minh City accounting for 17.9 per cent of the total investment capital.  Ba Ria - Vung Tau is the third number with the total registered capital of $2.15 billion, accounting for 9.4 per cent of the total FDI investment capital in Vietnam.

To achieve these results, in the past 7 months there have been many large-scale projects registered to invest in Hanoi. Among them is the "smart city" project in Hai Boi commune, Dong Anh district, Hanoi with a total investment of $4.1 trillion dollars invested by Sumitomo Corporation (Japan); The Lotte Mall in Hanoi, with a registered capital of $600 million, was invested by South Korean investor in Hanoi with the goal of building a high-end international standard hotel complex comprising of shopping centers, hotels and offices. Rooms and apartments for short-term business travelers.

At the conference "Hanoi 2018 - Investment and Development Cooperation", Hanoi also handed over the decision approving the investment policy and investment registration certificates for 71 projects, with total investment capital of more than 400,000 billion (nearly $ 20 billion). Of which, there are 11 FDI projects with a total capital of more than VND130 trillion ($5.428 billion). This is a very impressive achievement, the result of the best foreign investment attracted so far and the hallmark of Hanoi in the work of attracting FDI.

According to the Hanoi Statistics Office, in the first 7 months of 2018, the business sector of foreign-invested enterprises still maintained a growth rate of VND14.7 trillion ($632.5 million), equivalent to 48.3 per cent of the plan, accounting for an increase of 3.6 per cent over the same period of 2017. This also shows that the prospect of attracting investment in Hanoi in the coming time will continue to flourish.

According to the Foreign Investment Agency (FIA), nationwide, in the first 7 months of 2018, foreign investors have invested in 17 industries, of which the manufacturing and manufacturing sector is attracting foreign investors attracted a total of $9.63 billion, accounting for 41.95 per cent of the total registered capital. Real estate business is second with total investment capital of $5.6 billion, accounting for 24.4 per cent of total registered capital. The third largest market is wholesale and retail trade with a total registered capital of $1.69 billion, accounting for 7.4 per cent of total registered capital.

In addition, in seven months, 96 countries and territories have invested in Vietnam. Japan ranked first with total investment of $6.88 billion, accounting for nearly 30 per cent of total investment; Korea ranked second with total registered capital of $5.46 billion, accounting for 23.8 per cent of total investment in Vietnam; Singapore ranked third with total registered capital of $2.73 billion, accounting for 11.9 per cent of total investment capital.

User comment (0)

Send comment