FOREIGN INVESTMENT IN HANOI INCREASES BY THREE TIMES YEAR-ON-YEAR

The capital’s consumer price index (CPI) in May posted a slight increase of 0.35 per cent month-on-month due to raised petrol prices, which made the transportation category’s CPI surge.

Nearly 9,400 enterprises were established with a total registered capital of over VND74.6 trillion, up 59 per cent compared to the same period in 2015. Meanwhile, the number of enterprises suspending or terminating operation was only 460.

The city’s State budget collection reached more than VND74.1 trillion (over US$3.3 billion), meeting 43.75 per cent of the estimate for the year and total invested development capital was VND10.34 trillion (over US$447 million).

The city has attracted foreign direct investment projects with a total registered capital of over US$1.6 billion, an annual increase of three times.

The city has also recorded significant achievements in controlling inflation and ensuring social security. The consumer price index this year is expected to be controlled in single digits.

Source: VCCI