Hanoi ranks third in FDI attraction

By September 2008, Hanoi had attracted 1,400 FDI projects from 41 countries and territories with the total registered capital of over 18 billion USD, ranking third after Ho Chi Minh City and Ba Ria – Vung Tau province.

The FDI structure of Hanoi has been shifting dramatically from industrial production and trade towards services, finance and banking. In recent years, many investors poured their money in the construction of high buildings, offices, parks and recreation centres.

The expanded capital of Hanoi is calling for investment into financial and banking industry, new urban areas and offices for rent, exhibition centres, training-research-development facilities, and hi-tech parks, the city’s People Committee reported at a workshop held on Oct. 9.

Investors and consultants participating the workshop, titled “ Hanoi – opportunities for investment, trade and tourism”, were provided with details of the mechanism and coordinating solutions worked out to create favourable conditions for foreign investors.

VNA

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