Hanoi ranks third in FDI attraction

Hanoi (VNA) - By September 2008, Hanoi had attracted 1,400 FDI projects
from 41 countries and territories with the total registered capital of over
18 billion USD, ranking third after Ho Chi Minh City and Ba Ria - Vung
Tau province.

The FDI structure of Hanoi has been shifting dramatically from
industrial production and trade towards services, finance and banking. In
recent years, many investors poured their money in the construction of high
buildings, offices, parks and recreation centres.

The expanded capital of Hanoi is calling for investment into financial
and banking industry, new urban areas and offices for rent, exhibition
centres, training-research-development facilities, and hi-tech parks, the
city's People Committee reported at a workshop held on Oct. 9.
Investors and consultants participating the workshop, titled "
Hanoi - opportunities for investment, trade and tourism", were provided
with details of the mechanism and coordinating solutions worked out to
create favourable conditions for foreign investors.-