By May 20, Ho Chi Minh City had attracted 120 foreign direct investment (FDI) projects over the course of one year, with a combined registered capital of 724.2 million USD equating to a record surge of 356.4 percent year-on-year.
According to the municipal People’s Committee, the city also gathered additional capital worth 68.8 million USD, poured into 40 operational projects.
All told, the total of newly registered and additional capital was valued at 793 million USD, an increase of 119 percent from the same period last year.
After learning about social disorders caused by some local extremists in protest against China’s illegal placement of an oil rig in Vietnam’s waters, the local authorities immediately worked with foreign consulates in the city and foreign investor associations to deal with the incidents, protect foreign investors and help them swiftly resume their production.
Thus, by May 19, all 32 firms affected by the incidents had returned to business.
In the near future, the city will continue to consider and adjust relevant policies to lure more foreign investment inflow, especially for the fund in high-tech and supporting industries.-VNA
According to the municipal People’s Committee, the city also gathered additional capital worth 68.8 million USD, poured into 40 operational projects.
All told, the total of newly registered and additional capital was valued at 793 million USD, an increase of 119 percent from the same period last year.
After learning about social disorders caused by some local extremists in protest against China’s illegal placement of an oil rig in Vietnam’s waters, the local authorities immediately worked with foreign consulates in the city and foreign investor associations to deal with the incidents, protect foreign investors and help them swiftly resume their production.
Thus, by May 19, all 32 firms affected by the incidents had returned to business.
In the near future, the city will continue to consider and adjust relevant policies to lure more foreign investment inflow, especially for the fund in high-tech and supporting industries.-VNA
