December 31, 2019 | 17:28 (GMT+7)
Hanoi attracts USD 8.45 billion in FDI
A total of USD 8.45 billion in foreign direct investment (FDI) has been poured into Hanoi capital city so far this year, according to the municipal Statistics Office.
Of the amount, USD 6.5 billion has been disbursed, the highest-ever level, the office said.
The accumulative newly-registered and additional capital reached some USD 2.1 billion, and capital contribution and share purchase by foreign investors amounted to over USD 6.3 billion.
Last year, Hanoi attracted USD 7.5 billion worth of FDI, the highest among the country’s 63 cities and provinces, and more than twice as much as the 2017 figure.
Eighty percent of the city’s projects were wholly owned by foreign investors. The remaining were associate and joint venture businesses.
FDI capital flowed the most into property development (29.5 percent of the total), processing and manufacturing industry (20.1 percent), and telecommunication and information (11.5 percent).
Japan was Hanoi’s largest investor with total capital of USD 10.2 billion. The followers included Singapore (USD 6 billion) and the Republic of Korea (USD 5.5 billion).
Source: VNA