Hanoi (VNA) – As of the beginning of October, Ho Chi Minh City has licenced nearly 30,000 new businesses with combined registered capital totalling 667 trillion VND (28.64 billion USD), according to the municipal Department of Planning and Investment.
The number of newly-established enterprises declined 7.5 percent compared to the same period last year; however, their registered capital was up 34.7 percent year-on-year.
The southern hub lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of this year, down 28 percent from a year earlier.
Up to 407.4 million USD was poured into 719 newly-licenced projects, 283.8 million USD added into 163 underway projects, and 2.56 billion USD invested in 2,911 share trading deals.
Trade was the leading sector in FDI attraction with more than 751 million USD, accounting for more than 23 percent of the total. It was followed by the property sector with 726.8 million USD, and science-technology with 685.5 million USD.
The department revealed that in the future, the city will prioritise three investment areas: smart city, highly interactive and innovative urban area to the East HCM City, and regional and international financial centre construction./.
The number of newly-established enterprises declined 7.5 percent compared to the same period last year; however, their registered capital was up 34.7 percent year-on-year.
The southern hub lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of this year, down 28 percent from a year earlier.
Up to 407.4 million USD was poured into 719 newly-licenced projects, 283.8 million USD added into 163 underway projects, and 2.56 billion USD invested in 2,911 share trading deals.
Trade was the leading sector in FDI attraction with more than 751 million USD, accounting for more than 23 percent of the total. It was followed by the property sector with 726.8 million USD, and science-technology with 685.5 million USD.
The department revealed that in the future, the city will prioritise three investment areas: smart city, highly interactive and innovative urban area to the East HCM City, and regional and international financial centre construction./.
VNA
