Foreign direct investment in Ho Chi Minh City in the first 10 months of this year increased by 24.8 percent compared to the same period last year, according to the municipal People’s Committee.

Statistics made public on October 29 said in the 10-month period, city authorities lisensed 363 FDI projects with a combined capital of 847.4 million USD, a rise of 12.4 percent in the number of projects and 69.6 percent in capital.

Furthermore, they also allowed 108 existing projects to increase their capital by 639.3 million USD.

The committee said the city, the country’s biggest economic hub, contributed 186.6 trillion VND to the State budget in the past 10 months, representing 78.8 percent of its yearly plan and increasing 8.3 percent over the same period last year.-VNA