Hanoi licenses 12 new FDI projects in August
VOV.VN - A total of 12 foreign direct investment (FDI) projects were granted new licenses in Hanoi in August, with a combined registered capital of US$17.6 million, according to statistics released by the Hanoi Department of Industry and Trade.
In relation to the figure, two projects adjusted investment capital of roughly US$47,000, while capital contributions and share purchases made by foreign investors reached a total of US$1.1 million. During the opening eight months of the year, the capital has attracted US$841.8 million of FDI.
The Hanoi Department of Industry and Trade informed that the COVID-19 pandemic had a strong impact on the index of industrial production (IIP) and export turnover of the capital in August.
Most notably, IIP for August recorded a decline of 8% compared to the previous month and a drop of 6.7% from the same period last year.
Despite the IIP for August seeing a sharp decrease, the IIP during the eight-month period increased by 6.3%, of which the processing and manufacturing industry rose by 6.3%. Elsewhere, electricity generation, production, and distribution went up by 7.1%, water supply, garbage, and wastewater treatment increased by 6.3%, and mining saw a 5.5% boost.
Throughout the reviewed period, key export items such as computers, electronic goods and component endured an annual drop of 5.2% to US$9.785 billion while there was also a 16.2% drop in agricultural products.
Furthermore, phones and components, means of transport and spare parts, along with wood products enjoyed an upward trend, with respective increases of 67.8%, 44.2%, and 36.6%.
Dam Tien Thang, deputy director of the Hanoi Department of Industry and Trade, therefore attributed the decline in IIP and export turnover in Hanoi to the complicated nature of the COVID-19 pandemic, along with the implementation of social distancing measures in the capital which have been in place since July 24.
