The capital city of Hanoi has become the most attractive locality for foreign direct investment (FDI) in Vietnam for the first time, with total registered capital estimated at 6.5 billion USD.
A smart urban area to be developed near Nhat Tan bridge (Photo: baodautu.vn)
Hanoi (VNA) – The capital city of Hanoi has become the mostattractive locality for foreign direct investment (FDI) in Vietnam for thefirst time, with total registered capital estimated at 6.5 billion USD.
The information was announced at the 16th conference of themunicipal Party Committee, which was held on November 28 to evaluate socio-economicdevelopment in 2016-2018.
In the three-year period, the city lured nearly 13.25 billion USD in FDIprojects, 2.12 times more than 2011-2015 and 48.6 percent of the amountrecorded during 1986-2015.
This year, investments have focused on information and technology,manufacturing, processing, real estate and whole and retail sales, amongothers. Notable projects include smart city construction in Dong Anh districtby Japanese Sumitomo Corporation and BRG Group, OPC drum production project ofJapan’s Mitsubishi Chemical at Hoa Lac High-tech Park and Heineken HanoiBrewery in Thuong Tin district.
Standing Vice Chairman of the municipal People’s Committee Nguyen Van Suuattributed the results to the city’s efforts to improve the business climate,remove bottlenecks for local firms and improve State management in land planning,urban order and environmental protection.-VNA
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Capital disbursement of foreign direct investment (FDI) projects stood at 15.1 billion USD as of October 20, up 6.3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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A smart urban area to be developed near Nhat Tan bridge (Photo: baodautu.vn) 
