HCM City attracts over 1.34 billion USD worth of FDI in first five months
The inflow of foreign direct investment (FDI) into Ho Chi Minh City surpassed 1.34 billion USD in the first five months of this year, down 16.52 percent year-on-year, according to the municipal Statistics Office.
A corner of Ho Chi Minh City (Photo: VNA)Of the total, 378.8 million USD went to 187 new projects, primarily in the field of commerce (236.3 million USD) and real estate (125.8 million USD).
Meanwhile, 416 million USD was added to 42 existing projects.
Foreign investors channelled 267.4 million USD of capital into seven processing and manufacturing projects, 85.5 million USD into 11 science and technology projects, and 32.9 million USD into 15 commercial projects.
Countries posting high additional investment included Japan (270 million USD), Singapore (72.4 million USD), and the UK (27 million USD).
Capital contributions and share purchases in 726 transactions accounted for 542.7 million USD.
In terms of domestic capital attraction, the city licenced the establishment of 14,543 companies with registered capital of 245.6 trillion VND (10.66 billion USD), up 5.8 percent and 36.6 percent year-on-year./.
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
Business
Thu Duc city seeks investment in 11 PPP projects
Authorities of Thu Duc city, Ho Chi Minh City, held a conference on April 17 to draw investment in 11 public-private partnership (PPP) projects in the fields of education, culture and sports, with a total capital of over 2 trillion VND (83.3 million USD).
Videos
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Forum discusses support for women-owned firms to join supply chains
A forum on supporting women-owned businesses to join supply chains through sustainable development tools took place in Hanoi on April 17.
