Foreign investors pump 6 billion USD into HCM City via M&A

As a popular investment channel for foreign investors in recent times, mergers and acquisitions (M&A) secured Ho Chi Minh City 6 billion USD in foreign direct investment (FDI) projects in 2018.

Tuesday, February 19, 2019 10:38

Foreign investors pump 6 billion USD into HCM City via M&A ảnh 1

A corner of Ho Chi Minh City (Photo: VNA)

HCM City (VNA) – As a popular investment channel for foreigninvestors in recent times, mergers and acquisitions (M&A) secured Ho ChiMinh City 6 billion USD in foreign direct investment (FDI) projects in 2018.

At a recent conference held in the southern largest economic hub, Vice Chairmanof the municipal People’s Committee Le Thanh Liem said nearly 3,300 foreigninvestors were granted approval to register some 6 billion USD in investment inthe city through M&A deals.

To date, registered capital via M&A is reckoned at more than 10 billionUSD, 22 percent of total foreign investment poured into the city since 1988.

Last year, municipal authorities licensed 1,060 new projects valued at morethan 800 million USD and adjusted capital for 244 projects with increasingcapital worth in excess of 800 million USD. The city now has 8,112foreign-invested projects with total registered capital of nearly 45 billionUSD.

FDI firms have made considerable contributions to the city’s development,especially in logistics and retail sales.-VNA

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