Hanoi attracts 1.05 billion USD in FDI in five months
Hanoi attracted 1.05 billion USD in FDI in the first five months of this year, it was reported at a video meeting of the municipal People’s Committee on May 29.
Hanoi (VNA) – Hanoi attracted 1.05 billion USD in FDI in the first five monthsof this year, it was reported at a video meeting of the municipal People’sCommittee on May 29.
The citysaw the establishment of 12,260 new firms in the period with total registeredcapital of 181.4 trillion VND (7.78 billion USD), down 10 percent in number butup 9 percent in capital compared to the same period last year.
Meanwhile,1,261 firms dissolved during the period, 7,075 others suspended operation and3,669 resumed production and business.
Hanoicontinues to perform fairly in enhancing local competitiveness and administrativereform. It came in at second place in the 2019 Public Administration ReformIndex (PAR Index) for the third year in a row with 84.64 percent. The capitalcity gained 68.8 points in the 2019 Provincial Competitiveness Index, 3.4points more than previous year, to rank the 9th for the secondstraight year.
Speakingat the meeting, Chairman of the committee Nguyen Duc Chung said localauthorities have made concerted efforts to carry out the double task ofepidemic prevention and economic development.
Hanoi hasgone through 43 consecutive days without any new community infection of COVID-19,and all 118 COVID-19 patients in the city have recovered.
The citywill continue to implement the directive of the municipal People’s Committee’sChairman on preventing and fighting the pandemic along with the tasks and solutions set by the Government, thePrime Minister in the “new normal” situation./.
The southern province of Bac Lieu topped the country in attracting foreign investment in the first four months of 2020 with a single project worth 4 billion USD producing electricity from LNG, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported.
The northern province of Bac Giang ranked ninth among localities nationwide in attracting foreign direct investment (FDI) in the first months of this year.
Vietnam attracted a total of 13.9 billion USD in FDI in the first five months of this year, a fall of 17 percent year-on-year, the General Statistics Office (GSO) announced on May 29.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Photo: VNA) 
