Hanoi’s IPs attracts FDI inflows
VOV.VN - Industrial and export processing zones based in Hanoi have unveiled that it attracted four new investment projects and 12 expanded projects featuring a total investment capital of US$ 81 million during the opening five months of the year.
At present, the number of secondary investment projects has reached 707, of which 305 are foreign direct investment (FDI) projects with total registered capital of over US$6.1 billion, along with 402 domestic projects with registered capital exceeding VND18.000 trillion.
During the first half of the year total revenues of enterprises in Hanoi’s industrial parks hit US$4,869 million, whilst exports reached a figure of US$3.12 million.
Moving into the second half of the year, Hanoi’s IPs aims to attract roughly US$400 million, up 28.8% compared to 2021, whilst businesses in IPs strive to rake in US$8.2 billion and contribute US$229.4 million to the state budget.
Furthermore, the capital also plans to establish a new industrial park and complete investment procedures for between two and three industrial parks and hi-tech parks moving forward.
Boasting several competitive advantages in terms of an open investment climate, political stability, sustainable socio-economic development, as well as abundant and high-quality human resources, FDI inflows into Hanoi in recent years have tended to increase, especially after the country joined a number of free trade agreements (FTAs).
The capital therefore hopes to achieve an industrial production index of 10.2% annually throughout the 2021 to 2030 period.
