Hanoi seeks investment for 11 farming projects

Hanoi is seeking investment for 11 agricultural projects between now and 2025, according to the municipal Department of Agriculture and Rural Development.

A hi-tech farming project in Hanoi. - Photo cafebiz.vn

Among them is a 670ha hi-tech farming project in Hoai Duc District's An Thuong and Song Phuong communes, expected to cost VND1 trillion (US$43 million), a VND350 billion ($15 million) hi-tech agricultural project covering 120ha in Soc Son District and an eco-agricultural tourism project, worth VND1.3 trillion ($56 million), in Phuc Tho District.

Others include concentrated livestock slaughtering projects in Quang Lang and Tri Thuy communes of Phu Xuyen District, Dong Thai commune of Ba Vi District, Trach My Loc commune of Phuc Tho District and Minh Phu commune of Soc Son District. These projects need a combined investment of $64.4 billion.

In the first four months of 2020, the capital city recorded positive figures in foreign direct investment (FDI) despite the COVID-19 pandemic, according to the municipal Statistics Office.

During the period, the city granted licences to 235 new foreign-invested projects with total registered capital of $324 million while allowing 35 existing projects to add $365 million. It also approved foreign firms to contribute capital to and purchase shares in domestic firms to the tune of $293 million.

The city is striving to attract between $35 billion and $45 billion in foreign investment by the end of this year, the city's Department of Planning and Investment said.