Hanoi’s Development and Investment Authority revealed in late August that the city has attracted USD 95 million worth of FDI during the month. In the first 8 months of 2018, Hanoi’s FDI has totaled to USD 6.26 billion, increasing by a 2.6 fold from the same time last year.

Until the end of August, Hanoi’s has given out business licenses to over 16.4 thousand companies, valued at 180 billion Vietnamese Dong (USD 7.82 billion). At the same time, the city has invested over 15.9 billion Vietnamese Dong in over 64 projects and has agreed to sponsor 58 projects, valuing at 8.6 billion Vietnamese Dong (USD 37 million).

Hanoi’s Development and Investment Authority revealed until August 20, 2018, over 1,918 new projects existed in Vietnam, with all valuing to up to USD 13.48 billion. The value has increased 0.2% since the same time previous year, with 736 more projects, at USD 5.58 billion, a 87.2% from 2017.

In the first 8 months of 2018, foreign direct investment in new projects, stock investments totaled to USD 24.35 billion, a 4.2% increase from last year.

As of August 20th, FDI amount totaled to USD 11.25 billion, an increase of 9.2% from the previous year.

At the same time, overseas and international corporations have invested in bulk in Vietnam. Within its 59 provinces, Hanoi has attracted the most amount of foreign direct investment and signed agreements totaling to over USD 5.93 billion, 24.4% of the total national amount. Ho Chi Minh City stands second, accounting for over USD 4.42 billion, at 19.2% of all FDI projects in the country. At third place is Vung Tau, with agreements totaling to over USD 2.17 billion and 8.9% of the nation’s total FDI projects.

Source: Vietnam +