Ha Noi absorbs US$1.3 billion in FDI in first seven months

The total investment includes US$1.1 billion in registered capital for 143 new projects, an additional US$138 million in increased investment from 102 existing projects, and US$77 million in capital contributions and equity purchases from 118 foreign investors.

In July alone, Ha Noi attracted nearly US$125 million in FDI, including 23 newly licensed projects with a total registered capital of $38.9 million, 24 projects that increased their investment by an additional US$83.2 million, and 12 instances of foreign investors contributing capital and purchasing shares worth US$2.8 million.

The Ministry of Planning and Investment reported that Ha Noi ranked 5th out of 48 provinces and cities nationwide in attracting foreign investment in the first seven months of 2024.

As of July 20, more than 1,800 new investment projects with a total registered capital of more than US$10.7 billion have received investment licenses. This represents an increase of 11.6 percent in the number of projects and 35.6 percent in registered capital compared with the same period last year.

In 2024, the city aims to attract about $3.1 billion in FDI, including over  US$2.1 billion in land use projects and US$1 billion in trade and service projects, according to the Ha Noi People's Committee.

In 2025, the target is approximately US$2.7 billion in FDI, with over US$1.5 billion in land use projects and US$1.2 billion in commercial and service projects.

Ha Noi targets to attract US$30-40 billion in foreign investment and spend US$20-30 billion in 2021-2025.

The city has been actively expanding its international cooperation and external relations, promoting cultural exchanges and trade promotion, which has contributed to its success in attracting foreign investment./.