HCM City absorbs 2.77 billion USD in FDI capital in five months

Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.

Tuesday, June 04, 2019 21:35

HCM City absorbs 2.77 billion USD in FDI capital in five months ảnh 1

Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of 2019 (Photo: VNA)

HCM City (VNA) – Ho ChiMinh City attracted 2.77 billion USD in foreign investment in the first fivemonths of this year, with 46.7 percent of the capital poured into real estate.

The figure was reported byDirector of the city’s Department of Planning and Investment Le Thi Huynh Maiat a conference of the municipal People’s Committee on June 4 to reviewsocio-economic performance in the January-May period.

Mai also reported that 16,664domestic firms were licensed in the period with total registered capital ofover 265.6 trillion VND (11.33 billion USD), with 36.7 percent of the new firmsoperating in the real estate sector.

Total revenues from retails and servicesin the five-month period amounted to 463.5 trillion VND, up 12.3 percent yearon year.

Budget collection totaled 165.2trillion VND, accounting for 41.39 percent of estimates.

Chairman of the municipal People’sCommittee Nguyen Thanh Phong urged local officials to accelerate the processingof investment projects’ procedures for the projects to be deployed in schedule.

The conference discussed thepace of several major projects in the city, including the upgrade of Xuyen Tamcanal, the flood control project invested by Trung Nam group, and the selectionof investors for waste-to-energy project.-VNA

VNA

#Ho Chi Minh City #foreign investment in HCM City #FDI flow into HCM City #HCM City's Department of Planning and Investment #total revenues from retails and services in HCM City #updated Vietnam news #Vietnamplus #Vietnam News Agency Ho Chi Minh City

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