Among 59 cities and provinces having received direct foreign investment (FDI) in the first nine months this year, Hanoi has attracted the largest portion of capital commitments with over US$6.23 billion, accounting for 23.5% of total nationwide, according to Nguyen Manh Quyen, director of the municipal Department of Planning and Investment.
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Ho Chi Minh City came second with US$4.52 billion or 17.3% of the total investment, followed by Binh Duong with over US$2.52 billion, accounting for 9.6% of total investment.
As of present, Hanoi has accumulated a total of US$41.3 billion in registered FDI, of which the actual disbursed amount stood at US$24.9 billion, or 49.7% of the total.
Hanoi has seen a total of nearly 20,562 enterprises set up in the first nine months of 2019 with registered capital of VND263.8 trillion (US$11.36 billion), up 9% in number and 28% in capital year-on-year. Meanwhile, the number of enterprises that completed bankruptcy procedures climbed 30% year-on-year to 1,500. Up to 6,458 enterprises suspended operations temporarily, a rise of 26% and 4,450 resumed operation.
During the period, the city's state budget revenue reached VND171.7 trillion (US$7.4 billion), equivalent to 69.9% of the year's estimate and up 15% inter-annually. Of the total, revenue from crude oil reached VND2.6 trillion (US$111.98 million), up 16.8% year-on-year, and domestic revenue of VND169.1 trillion (US$7.28 billion), up 15%.
Total retail sales of consumer goods and services grew by 10.3% in the January – September period to VND412 trillion (US$17.74 billion), including VND70.5 trillion (US$3.03 billion) from the state sector, up 5.3% year-on-year, private sector with VND319 trillion (US$13.47 billion), up 12.1%, and the foreign-invested sector with VND22.5 trillion (US$969.27 million), up 2.3%.
In the first nine months of 2019, Hanoi’s gross regional domestic product (GRDP) expanded by an estimated 7.35%, higher than the 7.01% growth recorded in the same period last year,
The consumer price index (CPI) rose 0.12% month-on-month in September, 2.64% against last December and 2.31% year-on-year. Overall, Hanoi’s CPI in the first nine months increased by an average 3.74% against the same period last year.
Hanoi targets GRDP growth rate of 7.5% in 2019 and 2020, leading to the average GRDP growth in the 2016 – 2020 period of 7.33% - 7.41% per year, which is in line with the city’s five-year development plan.
