Hanoi FDI aims to lure US$38.3 mln of investment in first half

Hanoi FDI aims to attract a total investment of US$38.3 million in the first half of 2020, equivalent to 64% of the figure in the same period last year.

The capital comes from five new projects totaling nearly US$15 million, and 10 capital-added projects worth a combined US$23.3 million.

Le Quang Phong, vice head of the Management Board of the Hanoi Industrial and Export Processing Zones said local enterprises have been facing difficulties caused by the COVID-19 pandemic.

They are making every effort to diversify material sources for production and seek new consumption markets, towards fulfilling their production targets for the second half and the whole year.

According to the management board, industrial and export processing zones in Hanoi generate jobs for nearly 160,000 labourers, including 1,219 foreigners.

The capital city led the country in attracting foreign direct investment (FDI) in the first four months of this year, with US$4.75 billion, or 30.6% of the total capital poured into the Vietnamese economy.

Source: VOV

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