Hanoi records a strong growth in attracting foreign investment
Hanoi city drew 445 foreign invested projects with total registered capital of 2.8 billion USD in the first ten months of 2016, increasing by 2.6 times against the same period of 2015, Deputy Director of the municipal Department of Planning and Investment Tran Ngoc Nam said at a meeting on November 15.
Deputy Director of Hanoi Department of Planning and Investment Tran Ngoc Nam said at a meeting on November 15 that the city's gross domestic product this year is estimated to increase by 8.03%, the highest growth in the past 6 years. Hanoi's consumer price index is expected to rise from 3.01-3.07% this year and the city's total social investment capital is estimated at over 277 billion VND, he added.
The official said the city attracted 445 foreign invested projects with total registered capital of 2.8 billion USD in the first ten months of 2016, increasing by 2.6 times against the same period of 2015
Particularly, a positive signal in drawing foreign investments in the period is a significant increase in the value of the registered capital, according to Deputy Director Nam. About 1.2 billion USD of the registered capital was implemented in January-October, he noted.
Big foreign investments were poured into some industries that are the strengths of the capital city, he said, noting that in the hi-tech sector, 300 million USD was committed for the building of a Samsung research and development centre.
FDI companies have posted growth in the disbursed capital and performance, thus promoting their confidence in the market and the local investment climate, he said.
One-fifth of the enterprises across the country are located in Hanoi, making the city one of the leaders in business number, Nam said,
In the 2011-2015 period, 80,209 companies were set up in Hanoi, accounting for 43 percent of the total number of firms founded here between 1992 and 2015.
In 2016, Hanoi is predicted to have nearly 23,000 new businesses with 203 trillion VND (about 9.1 billion USD), respectively rising by 19 percent and 42 percent from a year earlier.
He attributed those outcomes to drastic moves to deal with business difficulties, promote investment, and organise dialogues with enterprises.
Nam also stressed that the continually improved business environment has facilitated the establishment of new firms.
The official said the city attracted 445 foreign invested projects with total registered capital of 2.8 billion USD in the first ten months of 2016, increasing by 2.6 times against the same period of 2015
Particularly, a positive signal in drawing foreign investments in the period is a significant increase in the value of the registered capital, according to Deputy Director Nam. About 1.2 billion USD of the registered capital was implemented in January-October, he noted.
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FDI companies have posted growth in the disbursed capital and performance, thus promoting their confidence in the market and the local investment climate, he said.
One-fifth of the enterprises across the country are located in Hanoi, making the city one of the leaders in business number, Nam said,
In the 2011-2015 period, 80,209 companies were set up in Hanoi, accounting for 43 percent of the total number of firms founded here between 1992 and 2015.
In 2016, Hanoi is predicted to have nearly 23,000 new businesses with 203 trillion VND (about 9.1 billion USD), respectively rising by 19 percent and 42 percent from a year earlier.
He attributed those outcomes to drastic moves to deal with business difficulties, promote investment, and organise dialogues with enterprises.
Nam also stressed that the continually improved business environment has facilitated the establishment of new firms.
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