Hanoi attracts nearly $1.2 billion in FDI

June 28, 2024 | 20:09

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In the first six months of 2024, foreign direct investment (FDI) flowing into Hanoi increased by 52 per cent over the same period last year, and economic indicators also recorded many positive results.

At a press conference held by Hanoi People's Committee on the socioeconomic situation in the first six months of 2024, on June 26, Le Trung Hieu, deputy director of Hanoi Department of Planning and Investment said that the city attracted $1.165.3 billion in foreign direct investment (FDI) in H1.

Hanoi attracts nearly $1.2 billion in FDI

In the first half of 2024, FDI flowing into Hanoi has increased by 52 per cent compared to the same period in 2023

There are 120 newly-registered projects with investment of $1.036 billion, 78 projects with a total additional registered capital of $55.21 million and 104 capital contributions and share purchases with the value of contributed capital reached $73.6 million.

“Hanoi is preparing to organise a Dialogue Conference with foreign-invested enterprises (FIEs) to exchange and remove issues for FIEs in the capital,” said Hieu.

By the end of the second quarter of this year, Hanoi had 15,502 newly-established enterprises worth $6.2 billion, a decrease of 3 per cent in the number of enterprises, and 3 per cent in registered capital compared to last year.

The number of dissolved enterprises was 2,097, an increase of 14 per cent; 16,967 enterprises temporarily suspended operations, an increase of 26 per cent; and 2,646 enterprises were waiting for dissolution procedures, an increase of 18.6 per cent.

Meanwhile, the number of businesses reopening is 6,012, an increase of 17 per cent. Cumulatively, the total number of registered enterprises to date is 391,880.

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Vietnam had attracted 39,140 foreign direct investment (FDI) projects with total registered capital of over 468.91 billion USD by the end of 2023, reported the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).

Hanoi attracts almost 870 million USD in FDI last month

An estimated 866.8 million USD in foreign direct investment (FDI) was channelled into Hanoi in January, the municipal Statistics Office reported.

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An influx of foreign direct investment (FDI) into Vietnam offers positive signs for the economy, with $4.29 billion registered in the first two months of 2024.

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