The capital city attracted US$860 million in foreign direct investment (FDI) in the first five months of 2018, said municipal Department of Planning and Investment director Nguyen Manh Quyen.

Of this, $529.2 million were invested in 225 new projects, over $131 million were added to 48 existing projects and $199.5 million were invested in the stakes of domestic companies.

Quyen said the city carried out 27 non-State capital projects, with a combined investment of VND27 trillion ($1.2 billion). In addition to this, 13 projects were permitted to increase investment capital by VND1.98 trillion.

In the first five months of 2018, Ha Noi approved another public-private partnership (PPP) project with an investment of almost VND1.41 trillion, bringing the total number of PPP projects to 12, with a total investment of more than VND28.33 trillion.

During the reviewed period, 9,420 businesses were established in the city, with a combined registered capital of VND97.5 trillion, down by 1 per cent in number but up by 36 per cent in the volume of investment.

The figure raised the total number of enterprises in Ha Noi to 241,000.

Last year, the capital city drew up to $3.4 billion in FDI. — VNS