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Ha Noi lures US$900 million of FDI

Update: September, 21/2012 - 15:49

HA NOI – (VNS) Ha Noi has attracted more than 230 foreign direct investment projects since the beginning of this year, with a total capital of US$919 million, according to the city's Department of Statistics.

The department said the result was limited as many projects had small and medium investment capital of below $1 million each. Lack of land for production was one of main reasons attributed to hampering investors.

It has been reported that new industrial parks in the capital city were dealing with difficulties in site clearance and compensation, meaning they did not have available clear areas to lure investors.

About VND146 trillion ($7 billion) has been invested in the city's development projects including capital construction, fixed assets and more, accounting for an increase of 12.9 per cent compared with the same period last year.

Domestic economic experts said that although the State had issued many methods and policies to help enterprises overcome difficulties and approach the banks' with reasonable interest rates, many non-State enterprises had no chance to access it and were still suffering high interest rates.

In the third quarter of this year, the investment situation is expected to improve after the Government recently approved funds for projects and construction works. – VNS

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