HANOI: Hanoi, the capital of Vietnam, attracted more than US$1.13 billion of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over US$1 billion and 47 projects permitted to increase a combined investment capital of US$79 million.

According to the municipal Statistics Office, during the period, foreign investors spent $45 million contributing capital to and buying shares of local firms.

In April alone, $103.9 million was registered for 20 new FDI projects, $57.4 million was added to 14 existing ones, and $15.5 million was spent on 27 capital contributions or share purchases.

During the month, the city recorded 2,514 newly-established companies with a combined registered capital of 25.6 trillion VND (about $1 billion), down 4% compared with the same month last year. A total of 758 firms resumed operations, up 14% year-on-year.

From January-April, 9,400 new enterprises were set up in the capital city with a total registered capital of 97.6 trillion VND, while
4,500 enterprises resumed operations.

Source: Emirates News Agency