At a press conference held by Hanoi People's Committee on the socioeconomic situation in the first six months of 2024, on June 26, Le Trung Hieu, deputy director of Hanoi Department of Planning and Investment said that the city attracted $1.165.3 billion in foreign direct investment (FDI) in H1.

In the first half of 2024, FDI flowing into Hanoi has increased by 52 per cent compared to the same period in 2023

There are 120 newly-registered projects with investment of $1.036 billion, 78 projects with a total additional registered capital of $55.21 million and 104 capital contributions and share purchases with the value of contributed capital reached $73.6 million.

“Hanoi is preparing to organise a Dialogue Conference with foreign-invested enterprises (FIEs) to exchange and remove issues for FIEs in the capital,” said Hieu.

By the end of the second quarter of this year, Hanoi had 15,502 newly-established enterprises worth $6.2 billion, a decrease of 3 per cent in the number of enterprises, and 3 per cent in registered capital compared to last year.

The number of dissolved enterprises was 2,097, an increase of 14 per cent; 16,967 enterprises temporarily suspended operations, an increase of 26 per cent; and 2,646 enterprises were waiting for dissolution procedures, an increase of 18.6 per cent.

Meanwhile, the number of businesses reopening is 6,012, an increase of 17 per cent. Cumulatively, the total number of registered enterprises to date is 391,880.