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  Foreign Investment

Hanoi licenses 95 new projects, adding US $1 billion more to FDI investment

Hanoi licensed 95 new foreign invested projects since the beginning of the year, with total registered capital of more than US $1 billion.

Hanoi licensed 95 new foreign invested projects since the beginning of the year, with total registered capital of more than US $1 billion.

This is 526% growth compared to the amount of foreign invested capital it got in the same period of 2003.

Two of the biggest projects are in mobile phone networks and a high rise building.

The city has improved its investment licensing procedures and offered more incentives to foreign investors. It has organized a number of investment promotion conferences in Switzerland, Thailand, Spain, China, Hungary and Italy.

Nhan Dan - (28/11/2004)


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