HCM City attracts 4.19 billion USD in FDI in eight months
Ho Chi Minh City has attracted 4.19 billion USD in foreign direct investment (FDI) so far this year, up 21.7 percent year-on-year.
Illustrative image (Source: VNA)HCM City (VNA) – Ho Chi Minh City has attracted 4.19 billion USD in foreign direct investment (FDI) so far this year, up 21.7 percent year-on-year.
According to the municipal People’s Committee, the city granted new investment licenses to 816 foreign-invested projects with a total registered capital of 754.1 million USD in the period. Besides, it also allowed 197 existing projects to increase capital by 419.3 million USD.
Besides, 3,147 foreign investors registered 3.02 billion USD to contribute capital to or buy shares of domestic companies in the reviewed period.
The real estate sector took the lead in attracting FDI 250.5 million USD in 33 projects. It was followed by science-technology, trading, and transport-warehouse with respective investment values of 226.7 million USD, 141.5 million USD, and 31.6 million USD.
As many as 60 countries and territories invested into the city in the period. British Virgin Islands topped the list with 10 projects worth 179.1 million USD, accounting for 23.7 percent of the total.
Investors from the Republic of Korea poured 161.4 million USD into 172 projects in the city, while those from Japan had 111 projects worth 139.1 million USD, and from Singapore with 105 projects totaling 118.1 million USD.
To further promote FDI attraction, the municipal authorities have taken policies and programmes to support investors, especially in industry, and support and processing industries.
Attention has been paid to improving investment and business environment to lure more foreign investment projects. -VNA
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