Vietnam Capital City Jan-May Pledged FDI Down 93.5 per cent At US$115.4M
Vietnam’s capital city of Hanoi had attracted 98 FDI projects with the registered capital of US$115.4 million in the first five months of this year, down 93.5 per cent on year.
Hanoi’s pledged FDI value was up 2.45 per cent on month in May and had soared 12.62 per cent since early 2009, local authorities noted.
Meanwhile, the number of newly-licensed private firms was up 41 per cent in the period, but their registered capital was down 30 per cent, the local authorities said without saying exact figures.
The Ministry of Planning and Investment said between January and May, pledged FDI of Vietnam was down 76.3 per cent to US$6.68 billion amid the global turmoil. (Young People)
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