Hanoi leads in FDI attraction during first four months

Update: 09:32 | 26/05/2019

Hanoi has become the leading locality nationwide in foreign direct investment (FDI) with total investment during the first four months of this year accounting for 30.6 percent of the total capital poured into the Vietnamese economy.

According to the Ministry of Planning and Investment, in the first five months of this year, the city lured 4.75 billion USD in investment. The ministry is considering an horse racing and entertainment complex project worth 5.3 billion USD in the city as well.

Hanoi, FDI attraction, first four months, leading locality,  foreign direct investment, total investment, Vietnamese economy

Illustrative image.

In order to complete the target of FDI equivalent to or higher than last year’s 7.5 billion USD, the city will continue to attract more big projects, while supporting investors to process investment procedures and implement their projects.

Last year, the city’s rose 4 positions on competitiveness index over 2017 to reach ninth place out of 63 localities.

This year, the city will focus on investment promotion through conferences and meetings with investors, while speeding up the licensing of projects and developing infrastructure system to lure investors.

The city will prioritise a number of sectors for investment, including information technology, innovation, biotechnology, tourism, education-training, healthcare, logistics, finance, and research and development.

Developing policies to attract investment in science and technology development
(BGO) - Vice Chairman of the provincial People’s Committee of Bac Giang province Duong Van Thai chaired a conference on 16 May on seeking solutions for expanding results of the science and technology research projects in the province.
 
Vietnam welcomes India’s investment: Prime Minister
Vietnam welcomes India’s investment in the fields of information technology, infrastructure, energy and hi-tech agriculture, Prime Minister Nguyen Xuan Phuc has said.
 
Shanghai Fengxian delegation (China) seeks investment opportunity in Bac Giang
(BGO) – The Chairman of the Bac Giang provincial People’s Committee (PPC) Nguyen Van Linh on May 8 welcomed a working delegation from Fengxian district, Shanghai city (China) led by Vice Mayor Gu Yi to visit and seek the investment opportunity in Bac Giang province.
 
PM appreciates Warburg Pincus’ investment in Vietnam
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on May 7 for Timothy Geithner, former Secretary of Treasury of the US and now President of Warburg Pincus, during which he appreciated the US firm’s investment in several projects in Vietnam.
 
Spain largest recipient of outbound Vietnamese investment
Spain was the largest among 23 recipients of outbound Vietnamese investment in the first four months of 2019, according to the General Statistics Office (GSO).
 

Source: VNA

 
Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: