Last updated: Tuesday, January 17, 2017
FDI Inflow in Ha Noi Estimated at US$3 Billion In 2016Posted: Wednesday, December 14, 2016
Foreign direct investment (FDI) in Ha Noi is forecast to reach US$3 billion in 2016, representing a 2.6-fold increase compared to the previous year.
The positive figures are attributed to the capital’s increasingly open business climate, which has not only led to a rise in the number of newly established enterprises, but also attracted increasing new and additional FDI pledges from foreign investors.
Ha Noi’s large FDI projects can be seen in the high-tech sector with the Samsung research and development center (US$300 million), the environment sector with the Duong River surface water treatment plant (US$227 million) and the telecoms sector with the Vietnamobile Company increasing its capital by US$208 million.
The city has attracted and implemented 98 official development assistance (ODA) projects with the committed capital of US$4.8 billion and the signed value of US$3.2 billion, about US$1.05 billion has been disbursed, equivalent to 33.38 per cent of the signed value and 22.1 per cent of the committed capital. The urban transport infrastructure development sector was named the largest ODA recipient (56 per cent of the total ODA capital), followed by water supply and drainage and wastewater treatment (31.8 per cent).
So far, Ha Noi has been developing 19 industrial zones and high-tech zones on a total area of nearly 4,121 hectares, with FDI enterprises at industrial zones contributing to promoting and expanding the export value and increasing budget revenue for the city (accounting for 10.5-10.6 per cent of total budget revenue from 2005-2012 and 13.2 per cent between 2013-2015).