Ha Noi licenses 34 new FDI projects in October

05/11/2020

VGP – Ha Noi licensed 34 new foreign direct investment (FDI) projects in October with a total registered capital of US$18 million, including 30 wholly foreign-invested projects and four joint venture ones.

In addition, 12 projects were approved to increase  their investment capital by US$20 million, while capital contribution and share purchases of foreign investors were reported at US$5 million.

In the first 10 months of the year, Ha Noi’s FDI attraction reached US$1.9 billion, including U$660 million from 450 newly licensed projects and US$1.25 billion from 130 projects registered for added capital. Foreign investors’ capital contribution and share purchases during the period reached US$1.215 billion.

As of late October, Ha Noi has granted investment decisions to 60 non-State projects worth VND74.1 trillion (US$3.2 billion), while approving the adjustment of the investment decisions on 72 projects totally worth VND68.3 trillion (US$2.96 billion).

Meanwhile, the January-October period saw more than 22,000 new enterprises established across the city with a total registered capital of over VND288 trillion (US$12.48 billion), down 4% in the number of businesses and 13% regarding the registered value compared to the same period last year.

Speaking at the recent Thang Long Entrepreneur Gala 2020, Chairman of the Ha Noi People’s Committee Chu Ngoc Anh said that in the time ahead, the city would continue implementing programs and projects to support small and medium-sized enterprises (SMEs), backing the wave of innovative startup, offering the optimal conditions for businesses’ production activities, and determining SMEs as a driver of economic development.

Ha Noi will persistently implement reforms and take people and businesses as the center of agencies’ service, while continuing to improve the local investment environment and the city’s Provincial Competitiveness Index (PCI) in the near future, he stated./.

By Vien Nhu