Specifically, 139 new FDI projects worth USD 76.8 million were licensed in the period, while existing projects absorbed USD 442.4 million.

A production line of a Japanese-invested firm at the Quang Minh IP in Hanoi

In May alone, Hanoi gave the green light to 14 wholly foreign-owned projects and two foreign joint ventures, with combined registered capital of USD 5.3 million. Meanwhile, foreign investors poured USD 184 million in operational projects.

Regarding domestic enterprises, 2,238 new enterprises were established in Hanoi in May, up 8 percent year on year, which registered a total VND 42.3 trillion (USD 1.84 billion) in capital, up 69 percent.

At the  same time, 245 firms dissolved, up 20 percent, and 788 suspended operation, an increase of 28 percent, but 644 resumed operation, a surge of 51 percent.

Source: VNA