Hanoi, the bustling capital of Vietnam, has continued to attract foreign direct investment (FDI) in the first four months of 2024 with investments reaching over $1.13 billion. With a steady influx of FDI and a dynamic business environment, Hanoi remains an attractive destination for investors seeking growth opportunities in Southeast Asia.
Since the beginning of 2024, Hanoi attracted 73 new projects worth over $1 billion and has given approval for 47 projects to increase their overall investment capital of $79 million.
Recent data from Hanoi’s municipal Statistics Office reveals that foreign investors spent $45 million contributing capital to and buying shares of local firms.
In April alone, 20 new FDI projects attracted $103.9 million and 14 existing projects added $57.4 million. Moreover, investors spent $15.5 million on 27 capital contributions or share purchases.
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In addition, the capital registered 2,514 new companies with a total capital of around $1 billion (VND25.6 trillion). That is a slight 4 percent decline compared to April of 2023. However, a total of 758 firms resumed operations, a 14 percent annual increase.
During the first four months of 2024, 9,400 new enterprises opened in Hanoi with a total capital of VND97.6 trillion. Meanwhile, 4,500 enterprises resumed operations.
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