Hanoi (VNA) – Hanoi has become the leading locality nationwide in foreign directinvestment (FDI) with total investment during the first four months of thisyear accounting for 30.6 percent of the total capital poured into theVietnamese economy.

Accordingto the Ministry of Planning and Investment, in the first five months of thisyear, the city lured 4.75 billion USD in investment.

Theministry is considering an horse racing and entertainment complex project worth5.3 billion USD in the city as well.

In order tocomplete the target of FDI equivalent to or higher than last year’s 7.5 billionUSD, the city will continue to attract more big projects, while supportinginvestors to process investment procedures and implement their projects.

Last year, thecity’s rose 4 positions on competitiveness index over 2017 to reach ninth placeout of 63 localities.

This year,the city will focus on investment promotion through conferences and meetingswith investors, while speeding up the licensing of projects and developinginfrastructure system to lure investors.

The citywill prioritise a number of sectors for investment, including informationtechnology, innovation, biotechnology, tourism, education-training, healthcare,logistics, finance, and research and development. –VNA