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HCM City lures 3.25 billion USD in FDI in nine months

Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.
HCM City lures 3.25 billion USD in FDI in nine months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Ho Chi Minh City lured 3.25 billionUSD in foreign direct investment (FDI) in the first nine months of 2020, down28 percent over the same period last year, reported the city Department ofPlanning and Investment.

According to the department, 407.4 million USD was pouredinto 719 newly-licenced projects, while 283.8 million USD was added into 163underway projects, and 2.56 billion USD was invested in 2,911 share tradingdeals.

Trade was the leading sector in FDI attraction with morethan 751 million USD, accounting for more than 23 percent of the total. It wasfollowed by property sector with 726.8 million USD, and science-technology with685.5 million USD.

The department revealed that in the future, the city willprioritise three areas to call for investment: smart city, highly interactiveand innovative urban area tothe East HCM City, and regionaland international financial centre construction./.
VNA
#Ho Chi Minh City #foreign direct investment (FDI) #property sector #smart city #financial centre #Vietnam #Vietnam news #Vietnam News Agency Ho Chi Minh City
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