FDI inflow into HCM City soars in eight months
More than 3.23 billion USD of foreign direct investment (FDI) was poured into Ho Chi Minh City in the first eight months of 2017, up 1.57 times from the same period last year.
The skyline of Ho Chi Minh City (Photo: VNA)Hanoi (VNA) – More than 3.23 billion USD of foreign direct investment (FDI) was poured into Ho Chi Minh City in the first eight months of 2017, up 1.57 times from the same period last year.
According to the municipal Department of Planning and Investment, major FDI projects registered in the period included Saigon Silicon project worth some 40 million USD.
This project is being invested by the Saigon Silicon City Park Joint Stock Company, which inked a cooperation memorandum on the project implementation with the US’s World Trade Centre Utah.
Meanwhile, the Republic of Korea’s CJ Cau Tre Foods Joint Stock Company was licensed to invest in a 53.3 million USD project in Hiep Phuoc Industrial Park.
To attract more FDI in the remaining months of 2017, HCM City is deploying measures to develop four key industries, namely manufacturing engineering, electronics, chemical-rubber-plastics industry, and food processing.-VNA
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