From January to October, 342 new FDI projects were licensed with registered capital of 316.7 million USD, while 120 existing projects adjusted their capital by a total of 3.21 billion USD. A significant contribution came from Malaysia’s Gamuda Land Vietnam Co., Ltd., which raised investment in its Yen So Park project by 1.12 billion USD. In addition, foreign investors made 318 capital contributions and share purchases worth 375.3 million USD.

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Electronic component production

In October, Hanoi also recorded strong business activity with 2,814 new enterprises established, up 17.1% year on year, and total registered capital of 49.3 trillion VND (1.87 billion USD), up 32.1%.

The number of businesses resuming operations rose by 1.5% to 793, while 1,658 businesses temporarily suspended operations, up 28.1%, and 937 enterprises were dissolved, marking a sharp increase of 97.7%.

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FDI inflows transforms the face of Hanoi, giving the capital a new look.

In the 10 months, the city saw 27,800 new enterprises registered with combined capital of 337.9 trillion VND, increases of 11.1% and 38%, respectively. During the period, 8,800 firms resumed operations, while 25,500 suspended and 6,300 were dissolved.

The city maintained a 100% online business registration rate, ensuring timely and efficient processing.

Source: VNA