31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi remains FDI attraction champion in Vietnam
Ngoc Thuy 11:24, 2019/10/31
Hanoi targets GRDP growth rate of 7.5% in 2019 and 2020, leading to the average GRDP growth in the 2016 – 2020 period of 7.33% - 7.41% per year, which is in line with the city’s five-year development plan.
Among 60 cities and provinces in Vietnam having received foreign direct investment (FDI) in the first ten months this year, Hanoi has remained the top destination with commitments of US$6.85 billion, accounting 23.5% of total committed FDI nationwide in the period, according to Nguyen Manh Quyen, director of the municipal Department of Planning and Investment. 
 
Overview of the meeting. Source: Hanoi's portal.
Overview of the meeting. Source: Hanoi's portal.
Ho Chi Minh City came second with US$4.96 billion or 17% of the total investment, followed by Binh Duong, Dong Nai, and Bac Ninh. 

Upon breaking down, foreign investors committed US$945 million for fresh projects in Hanoi and injected an additional US$578 million for existing ones, and spent US$5.33 billion on share acquisitions, Quyen said at a meeting on October 30. 

In addition to foreign invested projects, Hanoi attracted VND36.31 trillion (US$1.57 billion) in investment capital from domestic sources, including VND17.37 trillion (US$752.25 million) for new projects and VND18.94 trillion (US$820.33 million) for existing ones. 
 
Data: FIA. Graphic: Ngoc Thuy.
Data: FIA. Graphic: Ngoc Thuy.
Quyen informed that total retail sales of consumer goods and services grew 8.6% month-on-month in October to VND49.8 trillion (US$2.15 billion), accumulating a total of VND462 trillion (US$20 billion) in the January – October period, up 10.2% year-on-year. 

The consumer price index (CPI) rose by an average 3.63% against the same period last year. 

Hanoi has seen a total of nearly 23,140 enterprises set up in the first ten months of 2019 with registered capital of VND317.1 trillion (US$13.73 billion), up 8% in number and 36% in capital year-on-year. 

Meanwhile, the number of tourists coming to Hanoi has been on the rise, reaching 23.82 million in the first ten months, up 9.7% year-on-year. Of the total, foreign tourists totaled at 5.32 million, up 10.8%. Revenue from tourism activities in Hanoi during the period was estimated at VND83.2 trillion (US$3.6 billion), up 31.3%. 

During the January – October period, Hanoi’s exports reached US$13.4 billion, up 16.1% year-on-year, in which the domestic sector posted export turnover of US$7.9 billion, up 26.5% and the FDI sector of US$5.51 billion, up 3.8%. 

The city's state budget revenue reached VND202.8 trillion (US$8.78 billion), equivalent to 82.5% of the year's estimate and up 15% inter-annually. Of the total, revenue from crude oil reached VND2.6 trillion (US$111.98 million), up 16.8% year-on-year, and domestic revenue of VND200.2 trillion (US$8.67 billion), up 15%.  

Hanoi targets GRDP growth rate of 7.5% in 2019 and 2020, leading to the average GRDP growth in the 2016 – 2020 period of 7.33% - 7.41% per year, which is in line with the city’s five-year socio-economic development plan.
Other news
16:36, 2023/36/30
Hanoi mayor visits Meiko Electronics Vietnam
Hanoi is committed to supporting the company to ensure its long-term operation in the city, the city's mayor said.
17:32, 2023/32/28
Hanoi Party chief attends tree planting festival
The tree planting festival was among the traditional activities during the first days of the Lunar New Year.
21:08, 2023/08/27
Prime Minister praises Ring Road 4 project's land clearance
Prime Minister Pham Minh Chinh asked the ministries to quickly resolve the relevant issues to keep the ring road project moving forward as planned.
13:48, 2023/48/26
Hanoi eyes higher transport infrastructure capabilities
These projects would improve Hanoi’s public transport infrastructure system and create the driving force for socio-economic growth.
13:42, 2023/42/26
Hanoi marks 234th anniversary of Ngoc Hoi - Dong Da victory
The victory has gone down in Vietnamese history as an immortal and epic struggle for national sovereignty, construction, and defense.
13:37, 2023/37/26
Hanoi maintains its leading position in building new-style rural areas
The movement of building advanced rural areas has contributed to turning Hanoi's suburbs into rural areas worthy of living in.