Hanoi draws US$744 million of FDI in four months

According to the municipal report on its implementation of socio-economic development plan, between January and April, of the total FDI amount, US$498.6 million was poured into new projects, US$55.4 million was added to existing projects, and US$190 million was invested in company stakes.During the period, Hanoi also approved 21 privately financed projects with total investment of VND16.3 trillion (US$717.2 million).The authorities also licenced the establishment of 8,139 new enterprises, with their registered capital totaling at over VND78.2 trillion (US$3.44 billion). The value represented an annual increase of 27%.The capital city absorbed US$3.4 billion in FDI last year.