Hanoi is the leader of FDI

(Engineering Daily) Nguyen Anh Duong = Hanoi has been the country's top attractor of FDI(foreign direct investment) this year. more than $4.05 billion in FDI projects as of March.

And Hanoi also permitted foreign investors to spend $47.27 million acquiring shares in Vietnamese firms in the three months.

Hanoi outpaced the southern largest economic hub of Ho Chi Minh City and southern Binh Duong province, who came second and third in FDI attraction with $1.57 billion and $625.6 million, respectively.

Director of the Hanoi Department of Planning and Investment Nguyen Manh Quyen said at a recent teleconference that the city licensed 117 new projects.

The processing and manufacturing sector remained the most alluring for foreign investors, followed by real estate and science and technology, he said.

Hong Kong was the leading source of foreign investment with $4.4 billion among 74 countries and territories investing in Vietnam, making up nearly 40.7 per cent of the country's total FDI. Singapore ranked second with $1.46 billion. Republic of Korea came next with $1.3 billion. China and Japan took fourth and fifth with total registered capital of $1 billion and $700 million, respectively.