In the first 4 months of 2023, Hanoi's FDI attraction has a breakthrough growth, ranking first in the country

DNHN - In the first four months of 2023, Hanoi attracted the country's most foreign direct investment (FDI), totaling $1.71 billion (an increase of 260% over the same period).

At the Prime Minister's Conference to meet with foreign investors, Vice Chairman of the City People's Committee Nguyen Manh Quyen. According to Resolution No. 50 of the Politburo and Resolution No. 58 of the Government, Hanoi comprehensively understands the perspectives, orientations, goals, and duties associated with attracting foreign investment. Government.

Hanoi ranks second in the nation in terms of FDI attraction, with over 7,000 valid projects and 61.7 billion USD in investment capital (including 21.8 billion USD in capital and share purchases). In terms of capital for implementation, implemented projects have reached 41,1 billion USD (representing 66.6%), which is a relatively high rate compared to the average for the nation. FDI attraction has grown by leaps and bounds in the first four months of 2023, reaching 1.71 billion USD (an increase of 260% over the same period).

The aforementioned general picture of Hanoi's FDI attraction demonstrates that FDI inflows tend to increase via capital contribution and share purchase.

According to the Hanoi Bureau of Statistics, foreign direct investment in the entire city reached 1,692 billion USD in 2022, an increase of 10.3% from 2021. There are currently 365 newly registered projects. with a capital of 233 million USD; 202 additional projects to increase investment capital with an increase of 834 million USD; Foreign investors contributed capital and purchased shares 388 times with a capital of 625 million USD, an increase of 83.8%. This new supplementary resource will effectively support the economic growth objective in the coming years.

According to the plan, Hanoi aims to attract between 30 and 40 billion USD in FDI between 2021 and 2025, with disbursed capital reaching between 20 and 30 billion USD. Prioritize quality projects, products with added value and high competitiveness, focusing on urban infrastructure development, smart city construction; supporting industries utilizing modern and environmentally friendly technologies; projects in the field of information technology; research and development; tourism, financial services, banking, etc.

Hanoi is taking drastic measures to attract investment, with a focus on building a public portfolio. This is content that is of great interest to both domestic and international investors.

TH