Foreign investment in Hanoi increases by three times year-on-year


Hanoi’s socio-economic situation posted positive progress in the first five months of 2016, according to the Hanoi municipal People’s Committee.

The city’s industrial production index was estimated to increase by 7.7% over the same period last year.

Export revenue in the first five months of the year reached US$4.314 billion, a year-on-year increase of 0.3%, while the year-to-date import revenue reached US$9.281 billion, down by 6.2% over the corresponding period last year.

The capital’s consumer price index (CPI) in May posted a slight increase of 0.35% month-on-month due to raised petrol prices, which made the transportation category’s CPI surge.Nearly 9,400 enterprises were established with a total registered capital of over VND74.6 trillion, up 59% compared to the same period in 2015. Meanwhile, the number of enterprises suspending or terminating operation was only 460.

The city’s State budget collection reached more than VND74.1 trillion (over US$3.3 billion), meeting 43.75% of the estimate for the year and total invested development capital was VND10.34 trillion (over US$447 million).The city has attracted foreign direct investment projects with a total registered capital of over US$1.6 billion, an annual increase of three times.

The city has also recorded significant achievements in controlling inflation and ensuring social security. The consumer price index this year is expected to be controlled in single digits.


Photot: CBR Investment AG