Ha Noi currently has 10 operational industrial parks (IPs), attracting 302 FDI projects with a total registered capital of approximately 6.7 billion USD. Of these, Japanese-invested projects account for up to 60%, primarily focusing on sectors such as electronics, mechanical engineering, and manufacturing.
FDI attraction in Ha Noi increases by 71%
In the first eight months of 2024, FDI in Ha Noi reached 1.4 billion USD, a 71% increase compared to the same period in 2023. Specifically, there were 172 newly registered FDI projects with a total capital of 1.1 billion USD, 120 projects with capital adjustments adding 155 million USD, and 154 instances of foreign investors contributing capital and purchasing shares, amounting to 177.7 million USD. Currently, Ha Noi has 10 operational IPs, attracting 302 FDI projects with a total registered capital of approximately 6.7 billion USD. Of these, Japanese-invested projects account for 60%, primarily in sectors such as electronics, mechanical engineering, and manufacturing, with major companies like Canon, Hoya, Yamaha, and Meiko.
With its available potential, Ha Noi has set a target of attracting 3.15 billion USD in FDI in 2024. Of this, 2.15 billion USD is expected from land-use projects, and 1 billion USD from commercial service projects. Ha Noi has also set a 2025 goal of attracting 2.7 billion USD in FDI, with 1.5 billion USD from land-use projects and 1.2 billion USD from commercial service projects.
Stable growth in production and business activities
IIP increases by 5.4%
In the first eight months of 2024, Ha Noi’s industrial production index (IIP) is estimated to have increased by 5.4% compared to the same period last year. Among the sectors, the processing and manufacturing industry grew by 4.8%; electricity production and distribution increased by 10.8%; and water supply and waste treatment rose by 9%.
In the processing and manufacturing sector alone, 20 out of 23 industries recorded IIP growth. Some key sectors saw strong growth, such as machinery and equipment production, which increased by 19%; paper and paper products production increased by 12.3%; the production of beds, wardrobes, tables, and chairs grew by 10.7%; electrical equipment production increased by 9.9%; and other processing and manufacturing industries grew by 9.5%.
Merchandise export turnover increases by 13.1%
Ha Noi’s merchandise export turnover in the first eight months of 2024 is estimated at 12.4 billion USD, a 13.1% increase compared to the same period last year. Of this, the domestic economic sector reached 7.3 billion USD, up by 17.9%, and the FDI sector reached 5.1 billion USD, up by 6.9%. Key export groups also saw significant growth, such as computers, electronics, and components, which reached 1.8 billion USD, an increase of 17.1%; machinery and equipment reached 1.5 billion USD, an increase of 10.4%; and textiles and garments reached 1.5 billion USD, a 2.5% increase.
Additionally, the city’s import turnover reached 26.8 billion USD, a 14.5% increase compared to 2023. These positive results reflect the stability in Ha Noi’s import-export activities, reaffirming the city’s important role in the national supply chain and export sector.
