Ha Noi’s January-April FDI attraction increases six-fold year on year

25/04/2019

VGP – Ha Noi attracted US$4.7 billion worth of foreign direct investment (FDI) in the first four months of 2019, a six-fold increase compared to the same period of last year.

 

The FDI inflow included US$97.2 million in newly registered capital (232 projects), US$79.7 million in additional pledges (58 projects), and US$4.3 billion in foreign investors’ capital contributions to buy shares at Vietnamese enterprises.

Ha Noi currently has 4,790 valid FDI projects totally worth US$40.85 billion, including US$33.94 billion in projects’ registered capital and US$6.91 billion contributed by foreign investors to purchase shares in Vietnamese businesses. Capital disbursement reached roughly US$19.7 billion, representing 48.1% of the total registered FDI capital.

Regarding the attraction of domestic investment, during the January-April period, Ha Noi considered the investment plans for 11 privately-invested projects totally worth VND9.46 trillion (US$406.78 million), while adjusting the investment plans of 29 projects, 21 of which were added with VND5.13 trillion (US$220.59 million). 

In the first four months of the year, the city also licensed the establishment of more than 8,780 new businesses with a total registered capital of VND83.23 trillion (US$3.58 billion), up 12% in the number of enterprises and up 5% regarding registered capital annually.

Ha Noi currently records over 262,725 businesses, with 2,510 firms resuming operations during the period. The business registration procedures have all been performed online, with no cases of delay in handling reported.

In the remaining months of the year, Ha Noi continues to promote investment attraction, the improvement of the business climate and business environment development; focuses on supporting investors and businesses from business registration to project implementation, and removing their difficulties; speeds up the progress of reviewing the slowly-implemented projects; and balances capital for projects in a timely fashion aiming to ensure the construction and disbursement progress./.

By Vien Nhu