Hanoi draws US$744 million of FDI in four months

15:30 | 10/05/2018 Economy

Foreign direct investment in Hanoi amounted to US$744 million in the first four months of 2018.

Chairman of Hanoi People Committee Nguyen Duc Chung (standing) at the city's monthly meeting in April 2018

According to the municipal report on its implementation of socio-economic development plan, between January and April, of the total FDI amount, US$498.6 million was poured into new projects, US$55.4 million was added to existing projects, and US$190 million was invested in company stakes.

During the period, Hanoi also approved 21 privately financed projects with total investment of 16.3 trillion VND (US$717.2 million).

The authorities also licenced the establishment of 8,139 new enterprises, with their registered capital totaling at over 78.2 trillion VND (US$3.44 billion). The value represented an annual increase of 27 percent.

The capital city absorbed US$3.4 billion in FDI last year.

Theo VNA