According to the municipal Department of Statistics, over USD 1.02 billion was poured into 92 new projects in the January – May period, while USD 36.8 million was added to 64 existing projects, and USD 57.9 million spent on contributing capital to or purchasing shares of local companies.

A production line for electronic products at INOAC Vietnam Co., Ltd. of Japan in Quang Minh Industrial Park of Hanoi.

In the first five months, Hanoi had 12,900 newly established enterprises with a registered capital of VND 124.3 trillion (USD 4.9 billion), a decrease of 2% in the number of companies and 3.5% in capital year-on-year.

Meanwhile, as many as 5,400 businesses resumed their operation, up 18.5% compared to the same period last year.

Vice Chairman of the municipal People’s Committee Nguyen Manh Quyen attributed the results to efforts in promoting administrative reform and improving the investment environment.

The capital is leading the country in implementing the model of decentralization and authorization in handling administrative procedures, he stressed, adding that more and more foreign businesses are interested in investing in the capital.

Source: VNA