HCMC - Fresh foreign investment approvals in Hanoi reached US$1.6 billion between January and October, a decrease from the US$2.7 billion recorded in the same period last year, according to the Vietnam News Agency.

This figure comprises over US$1.1 billion registered for new projects, US$184 million as additional investment for existing projects, and US$208 million through capital contributions and share purchases. In October alone, Hanoi approved 25 new projects with total pledged capital of US$13 million, plus US$4.5 million in additional investment for 13 existing projects, and US$40.6 million from 12 share purchase transactions. Hanoi also saw 2,318 new businesses entering the market last month, a 20.6% drop against the same period in 2023. The new market entrants have total registered capital of VND20.6 trillion, down by 12.3% year-on-year. The city's job market remained robust, with over 196,000 new jobs created in the 10-month period. This figure surpassed annual targets and represented a 5.4% increase versus the same period in 2023. Nguyen Manh Quyen, vice chairman of the Hanoi People’s Committee, said the city has prioritized investment attraction, providing optimal conditions for both domestic and foreign businesses to invest, cooperate, and expand their operations.