FDI inflow in HN increases 2.6 fold

The capital city of Ha Noi attracted a total registered capital of US$2.8 billion in 445 Foreign Direct Investment (FDI) projects over the recent 10 months of 2016, 2.6 times higher than the same period in 2015.

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Large FDI projects include the US$300-million research and development centre of the Samsung Electronics Viet Nam, the US$227-million Duong River Surface Water Treatment Plant and the Vietnamobile's capital increasing plan of US$208 million.

The city has launched 98 Official Development Assistance (ODA) projects with the committed capital of US$4.8 billion and disbursed US$1.05 billion, accounting for 33.38% of the signed value and 22.1% of the commitment.

Most of the ODA projects focus on urban traffic infrastructure development (56%) and waste water treatment (31.8%).

In 2016 only, as many as 22,000 newly-established enterprises are expected to be set up in the city,  registering the capital of VND203,000 billion, up  19% and 42%, respectively.

The capital’s gross regional domestic product is estimated to rise 8.03% in the year, the highest figure set over the recent six years. The growths of the construction and industry sectors will witness respective increases of 8.8% and 7.1%.

The city will contribute VND173,846 billion to the State budget, 2.6% more than the set plan and up 16.2% year on year.

In term of the Provincial Competitiveness Index (PCI), Ha Noi will rank 24th, jumping two steps compared to the previous year.

Source VGP