Capital lures US$2.3 bln of FDI in seven months

August 03, 2023 9:14 AM GMT+7

VGP - The capital city of Ha Noi attracted nearly US$ 2.3 billion in foreign direct investment (FDI) in the first seven months of this year, with 233 new projects worth US$97.5 million and 108 projects permitted to increase investment capital by US$ 193.5 million.

Capital absorbs US$ 2.3 bln of FDI in seven months - Ảnh 1.

Illustration photo

According to the municipal People's Committee, 190 foreign investors contributed capital and bought shares worth nearly US$2 billion.

Japanese investor Sumitomo bought shares of VPBank with a transaction value of US$ 1.5 billion.

During the period, the city had 18,300 new enterprises, up 5 percent compared to the same period in 2022.

Their registered capital reached VND177.5 trillion (US$7.5 billion), a drop of 12 percent year on year.

Meanwhile, 2,100 local enterprises were dissolved, a swell of 2 percent year on year; 15,200 registered to suspend operations, a rise of 25 percent; and 5,900 resumed operations, down 18 percent over the same period.

In the seven months, the city created jobs for nearly 133,000 laborers, reaching 81.9 percent of the locality's yearly target and 96.7 percent compared to the same period last year.

The local authorities have decided to spend nearly VND1.4 trillion on unemployment insurance for more than 48,000 people and VND2.7 billion for 585 people to access vocational training.

In July alone, the city had 37 new FDI projects with a total registered capital of US$22.3 million; 18 others permitted to increase investment capital by US$24.5 million, while 19 foreign investors contributed capital and bought shares with US$10.4 million./.


Kim Loan
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