According to the Hanoi Statistics Office, in the first 7 months of 2024, the city attracted $1.3 billion in foreign direct investment (FDI), an increase of 65% compared to the same period in 2023. Among these, 143 new projects were registered with a total investment capital of $1.1 billion; 102 projects had their investment capital increased, amounting to $138 million, and there were 118 instances of foreign investors contributing capital or purchasing shares, totaling $77 million.
In July 2024 alone, Hanoi attracted 124.9 million USD of FDI. This included 23 new projects that were licensed, with a total registered capital of $38.9 million; 24 projects had their investment capital increased, adding $83.2 million; and foreign investors contributed capital and purchased shares in 12 instances, totaling $2.8 million.
Regarding business registration, in the past 7 months, the city granted certificates to nearly 18,000 newly established enterprises, with registered capital reaching 162.1 trillion VND, a 2% decrease in the number of enterprises and a 9% decrease in registered capital compared to the same period last year. Additionally, 6,600 businesses resumed operations, marking a 14% increase. Meanwhile, 18,200 businesses registered for temporary suspension of operations, up 23%, and 2,500 businesses dissolved, up 18%. In July 2024 alone, Hanoi issued certificates for 3,007 newly established enterprises, a 20% increase compared to the same period last year, with total registered capital reaching 24.1 trillion VND, up 4%.
With a strategic location and numerous specific advantages, Hanoi city has great potential and opportunities to develop and attract investment in the technology sector, including the semiconductor industry, reaffirming its status as a destination for foreign investors.
With these results, Hanoi ranks in the top 5 for FDI attraction in the first 7 months of 2024.
However, forecasts for the global situation in the remaining months of the year remain complex and unpredictable. Although the domestic economy continues to show positive signs of recovery, challenges persist. Therefore, the city will continue to implement solutions focused on controlling inflation, ensuring stability, and maintaining economic growth, actively working to resolve difficulties for production and business, effectively implementing preferential policies (tax reductions, deferrals, fee reductions, and interest rate cuts for businesses) to promote new growth drivers, the digital economy, new business models (night economy), the circular economy, and emerging sectors, according to Mr. Le Trung Hieu, Deputy Director of the Hanoi Department of Planning and Investment.