Ha Noi licenses 25 new FDI projects in April

28/04/2021

VGP – Ha Noi licensed 25 new foreign direct investment (FDI) projects with a total registered capital of US$11.9 million, including 21 wholly foreign-invested projects and four venture ones in April, according to the municipal Department of Planning and Investment.

Illustration photo

Additional pledges of US$21.3 million were made to nine existing projects, while capital contribution and share purchase by foreign investors reached US$12.1 million.

In the first four months of the year (as of April 23), Ha Noi attracted US$154.1 million of FDI capital, including US$70.5 million from 117 new projects, US$83.6 million added to 43 existing ones, and US$69.7 million of foreign investors’ capital contribution and share purchase.

Q1 2021 saw US$101.5 million poured into the capital city, including US$49.8 million registered four 69 new projects and US$51.7 million pledged for 22 existing ones.

Ha Noi is considered one of the localities with a favorable investment environment for high-tech investors. 

Not only focusing on developing preferential policies for investors, the city is stepping up the completion of industrial parks, especially high-tech parks. 

Many large FDI firms currently investing in Ha Noi have praised the efforts of the city and Viet Nam as a whole to improve the business climate, thus creating favorable conditions for enterprises to develop. 

These FDI groups also affirmed that they would choose Ha Noi as a destination to expand their investment & business activities in the coming years, particularly in the field of high technology.

Last year, despite the heavy impact of the COVID-19 pandemic, Ha Noi still attracted nearly US$4 billion of FDI and VND145 trillion from domestic investors. 

In the 2021-2025 period, the capital sets a target of drawing US$30-40 billion of FDI and disbursing US$20-30 billion. 

To achieve this goal, Ha Noi will work  to attract more investment in economic infrastructure development and in developing and filling hi-tech parks, industrial parks and industrial clusters. 

The city will design a list of investment attraction categories for localities, fields and products, with priority given to projects using high technology.

By Vien Nhu