Hanoi listed in top 25 emerging market cities in attracting FDI
Hanoi and HCM City have been named in the top 25 emerging market cities on the FDI 2016/17 Global Cities of the Future listing, a global investment service provided by the Financial Times.
Hanoi and HCM City have been ranked 10th and 17th respectively out of the top 25 emerging market cities on the FDI 2016/17 Global Cities of the Future listing, a global investment service provided by the Financial Times.
Thailand’s Bangkok was the other Southeast Asian city named on the list, placed above HCM City and Hanoi in 9th.
Under the list, Chinese cities dominated the ranking with Shanghai and Beijing claiming the top two places.
In the top 25 overall ranking, which included emerging and developed countries, Singapore remained its position at the top of the list as the Global City of the Future 2016/17, with London holding strong in second place and Dublin displacing Hong Kong to rank third.
According to the Ministry of Planning and Investment, Vietnam recorded an estimated 18.1 billion USD in new FDI pledges from January to November this year, down 10.5 percent from a year ago, However, the investment ministry said foreign investors had disbursed an estimated $14.3 billion in Vietnam as of the end of November, a rise of 8.3 percent from the same period last year.
Foreign direct investment inflows to Vietnam are expected to hit a record high of 15 billion USD this year, Prime Minister Nguyen Xuan Phuc said at the Vietnam Development Forum earlier this month.
According to the latest report, Hanoi continued to maintain a remarkable growth in attracting FDI capital which is expected to reach about 3 billion USD, up 2.6 times againt last year.
In 2016, the large capital from Hanoi's FDI projects included the Center for Research and Development of Samsung worth 300 million USD, environmental sector with Duong River Water Treatment Plant values at 227 million USD and in telecommunications sector with the raising capital of Vietnamobile to 208 million USD.
The city has attracted and deployed 98 ODA projects with committed funding worth 4.8 billion USD, of which Hanoi has disbursed about 1.05 billion USD, making up 33.38% of the contracted and 22.1% of the commitment this year.
Besides the value increase of the registered capital, the disbursement performance and business indicators, most of FDI enterprises have seen a strong growth in 2016.
Hanoi has developed so far 19 industrial parks (IPs) and high-tech zones with a total area of nearly 4121,2ha.
FDI enterprises in IPs in the recent years have contributed to promoting and increasing exports, expanding the city's budget revenues (accounting for 10.5 to 10.6% of total revenues in 2005-2012 and increasing to 13.2% in the period 2013-2015).
In 2016, HCM City saw a 3.7 billion USD in new FDI pledges, bringing the total capital of FDI to 40.99 billion USD, with 6,485 projects.
Thailand’s Bangkok was the other Southeast Asian city named on the list, placed above HCM City and Hanoi in 9th.
Under the list, Chinese cities dominated the ranking with Shanghai and Beijing claiming the top two places.
In the top 25 overall ranking, which included emerging and developed countries, Singapore remained its position at the top of the list as the Global City of the Future 2016/17, with London holding strong in second place and Dublin displacing Hong Kong to rank third.
Hanoi was ranked 10th out of the top 25 emerging market cities on the FDI 2016/17 Global Cities of the Future listing provided by the Financial Times.
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Foreign direct investment inflows to Vietnam are expected to hit a record high of 15 billion USD this year, Prime Minister Nguyen Xuan Phuc said at the Vietnam Development Forum earlier this month.
According to the latest report, Hanoi continued to maintain a remarkable growth in attracting FDI capital which is expected to reach about 3 billion USD, up 2.6 times againt last year.
In 2016, the large capital from Hanoi's FDI projects included the Center for Research and Development of Samsung worth 300 million USD, environmental sector with Duong River Water Treatment Plant values at 227 million USD and in telecommunications sector with the raising capital of Vietnamobile to 208 million USD.
The city has attracted and deployed 98 ODA projects with committed funding worth 4.8 billion USD, of which Hanoi has disbursed about 1.05 billion USD, making up 33.38% of the contracted and 22.1% of the commitment this year.
Besides the value increase of the registered capital, the disbursement performance and business indicators, most of FDI enterprises have seen a strong growth in 2016.
Hanoi has developed so far 19 industrial parks (IPs) and high-tech zones with a total area of nearly 4121,2ha.
FDI enterprises in IPs in the recent years have contributed to promoting and increasing exports, expanding the city's budget revenues (accounting for 10.5 to 10.6% of total revenues in 2005-2012 and increasing to 13.2% in the period 2013-2015).
In 2016, HCM City saw a 3.7 billion USD in new FDI pledges, bringing the total capital of FDI to 40.99 billion USD, with 6,485 projects.
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