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8 months: Hanoi attracted FDI fund at 1.74 billion USD
Dinh Nguyen - Nguyen Tung 16:30, 2017/09/01
In the first 8 months of 2017, Hanoi attracted 1.74 billion USD in foreign direct investment (FDI) capital. The number of newly-established enterprises also increased by 14%, and nearly 2,500 businesses went back into business.
According to the report on the implementation of the August socio-economic development plan of Hanoi People’s Committee, in the first 8 months of the year, Hanoi received good results with a considerable amount of investment. By the end of August, the City received 114 foreign invested projects with total registered capital of 70,694 billion VND and 22 public-private partnership (PPP) project with a total investment of 60,000 billion VND. The total investment of FDI reached 1.74 billion USD. The number of newly established enterprises was 16,714, an increase by 14%. The registered capital for those enterprises reached 129,266 billion VND, which is an increase by 4%. Only 177 companies went out of business, but 2,497 enterprises reactivated. In general, the city has 223,905 enterprises. During the past 8 months, enterprises registering online reached about 93,600 records, accounting for 72%. 


The state budget revenue in the first eight months was 129,886 billion VND, equaling 63.4% of the estimate and up 11.3% over the same period; Budget expenditures accounted for 36,117 billion, reaching 46.4% of the estimate. Especially, in the last 8 months, measures to speed up disbursement of state budget investment have been implemented drastically. Accordingly, Hanoi has disbursed 14,439 billion VND, achieving 41.9% of the current plan (43.17% of the plan at the beginning of the year). Bank credit grows well; Capital mobilization increased by 8.4% and outstanding loans increased by 11.7% compared to the end of 2016; Investment ratio accounted for 22.1%; Overdue debt accounted for 2.8% of total outstanding loans.

Business production in August continues to grow. Industrial production index in August increased by 5.7% over the same period; The total circulation of goods sold and service turnover increased by 12% over the same period. In general, for 8 months, industrial production index increased by 8.8%, export turnover in the province reached 982 million, up 2% over the same period; Consumer price index (CPI) in August increased by 1.34% over the previous months, up 3.49% compared to August 2016, and up 0.54% in comparison to the end of 2016.

Besides, foreign tourists staying in August reached 313,000, up 9.9% compared to previous month and 53.8% compared to the same period of last year; in overall of 8 months reached 2,3 million, up 22.7% for the same period of last year. Local tourists coming to Hanoi reached 822,000, up 2.4% compared to the same period of last year; in overall of 8 months reached 6,5 million, up 4.6%. Revenue from hotels and restaurants in August reached 5 trillion VND, up 13% compared with the same period of last year. In overall for 8 months, reaching nearly 40 trillion VND, an increase of 9% compared to last year. 
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