Last updated: Thursday, May 23, 2013
Hanoi Attracts More Foreign Direct InvestmentPosted: Wednesday, December 28, 2011
Foreign direct investment (FDI) flew into the capital city during the first nine months of this year, tripling last year figure for the same period to $999.6 million, according to the municipal Statistics Office.
Of the total, $494 million came from 190 newly licensed projects while the remaining capital came from 49 existing ones, raising levels of investment capital, the office said in its socio-economic report for September.
The most significant new project was a $22 million Yen So sewage treatment plant, developed by the Gamuda Land Vietnam Company.
Hanoi expected to attract 455 foreign-invested, valued at $1.5 billion by the year-end, up 76 per cent year-on-year and including 390 newly licensed projects worth $760 million and 65 existing ones registering to scale up charter capital with a total of $740 million.
The city's foreign-invested sector posted its highest industrial production growth rate at 16.4 per cent in the first nine months, followed by the non State-owned sector, 11.2 per cent and the State-owned sector, 7.5 per cent.