Hanoi attracted 4.47 billion USD in FDI in January-April 2019, up six times compared to the same period last year. Illustrative image (Source: VNA)Hanoi (VNA) – The capital city ofHanoi attracted 4.47 billion USD in foreign direct investment (FDI) in thefirst four months of 2019, up six times compared to the same period last year.
The figures were reported at a meeting of themunicipal People’s Committee on April 25.
As many as 8,783 businesses were established inJanuary-April with total registered capital of 83.23 trillion VND (3.9 billionUSD), representing year-on-year rises of 12 percent and 5 percent,respectively.
In the reviewed period, the city collected over90.4 trillion VND for the State budget, up 18.7 percent. The local budgetexpenditure was estimated at 17.18 trillion VND, reaching 17 percent of theestimate.
The export turnover increased 12.9 percent to4.56 billion USD, while the import turnover rose 4.9 percent to 10.1 billionUSD, according to the municipal Department of Planning and Investment.
The consumer price index (CPI) in the four-monthperiod increased 4.06 percent with price hikes recorded in education (up 12.65percent), cultural services, entertainment and tourism (up 5.13 percent), foodand catering services (up 5.67 percent), housing and building material (up 4.3percent).
More than 1.67 million foreign tourists came to the city in the reviewed time,up 5.8 percent year on year. Tourism revenue is estimated to hit 24 trillionVND, rising 8.9 percent.
Chairman of the Hanoi People’s Committee NguyenDuc Chung said the outcomes were attributed to the strong reform of policiesand administrative procedures as well as the creation of a favourable businessenvironment.-VNA
VNA
