Business
Hanoi tops Q1 foreign investment
  • | dtinews.vn | March 27, 2024 07:05 PM
Hanoi was the top FDI destination during the first quarter of 2024, attracting USD970.80 million, accounting for 15.70 per cent of the country's total registered investment and surpassing the same period in 2023 more than six-fold.



Hanoi was the top FDI destination during the first quarter of 2024. Photo for illustration.

The Singaporean-invested USD662 million Lumi Hanoi urban project was among the country's biggest FDI projects that helped Hanoi keep its top place.

The northern province of Bac Ninh came second with registered FDI of USD745.20, accounting for nearly 12.10 percent of the country's total registered investment, followed by Quang Ninh, Thai Nguyen, HCM City, and Dong Nai.

Top 10 FDI destinations including Hanoi, Bac Ninh, Quang Ninh, Thai Nguyen, HCM City, Dong Nai, Ba Ria - Vung Tau, Hung Yen, Bac Giang, and Hai Phong kept 74.70 percent in FDI new projects and 77.60 percent in capital investment of the country during the period.

In the first quarter, 145 countries and territories had effective FDI projects in 38 cities and provinces nationwide, with USD6.17 billion of registered capital.

Singapore was the biggest investor in Vietnam with a total registered capital of USD2.55 billion, up by 51.30 percent on-year, accounting for 41.30 per cent of the investment influx.

With a total registered capital of USD1.05 billion, 2.30 times higher on year, Hong Kong was the second largest investor in Vietnam.

Leave your comment on this story