Capital ranks third in FDI attraction


VGP – Ha Noi remained third among 60 cities and provinces in Viet Nam having received foreign direct investment (FDI) in the first ten months this year with US$3.13 billion, accounting for 13.3% of total nationwide, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the reviewed period, the capital absorbed 438 new foreign-invested projects.

Bac Lieu has attracted the largest portion of capital commitments with US$4 billion, or 17% of the total, while Ho Chi Minh City came second with nearly US$3.4 billion, or 14.6%.

For new projects, Ho Chi Minh City attracted the largest number with 776 projects, followed by Ha Noi with 438 and Bac Ninh, 125.

In October, 34 new FDI projects got licenses with a total value of US$ 18 million. Meanwhile, 12 other projects were expanded with an additional capital of US$ 20 million. Foreign investors spent  US$ 5 million in purchasing shares./.

By Kim Loan