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.