Ha Noi lures nearly $100 million in FDI

Ha Noi attracted US$97.6 million in foreign direct investment (FDI) in January, bringing the total FDI in the capital city to $3.8 billion, Ha Noi Moi daily said.

Of the figure, 1.95 million came from newly licensed Japanese shoe maker O'Shoe, while the remaining came from three existing projects licensed to raise investment capital.

They include Teruno Viet Nam with $73.5 million, Nippon Mechatronics Viet Nam with $11.5 million, both from Japan, and Thailand invested CP Viet Nam Corporation, the daily said.

The capital last year licensed 344 foreign invested projects worth $1.5 billion, up 78.7 per cent over 2010.

Of the total, $957.1 million came from 283 newly licensed projects, while the remaining capital came from 61 existing ones.

The city's foreign-invested sector posted its highest industrial production growth rate at 16.4 per cent last year, followed by the non-State sector at 11.2 per cent and the State-owned sector at 7.5 per cent..

vietnamnews

>   Massive losses cost EVN chairman his seat (07/02/2012)

>   Steering economy away from rocks (07/02/2012)

>   Government: Consistently pursuing the target of macroeconomic stability, inflation control and determining the synchronous and efficient economic restructuring (06/02/2012)

>   PM calls for securing single digit inflation (06/02/2012)

>   FDI disbursements fall in January (03/02/2012)

>   FDI declines sharply in January (03/02/2012)

>   PM ratifies a master plan for developing agricultural sector (03/02/2012)

>   PM approves trade strategy, aims during 2011-30 (02/02/2012)

>   Dung Quat issues 111 new licences (02/02/2012)

>   Nation’s biggest gas project licensed (02/02/2012)