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HCM City lures over 3 billion USD in FDI in 11 months

Ho Chi Minh City attracted more than 3 billion USD in foreign direct investment (FDI) in the first 11 months of 2023, down 12.9% year-on-year, the city’s Statistics Office has announced.
HCM City lures over 3 billion USD in FDI in 11 months ảnh 1Japanese enterprises invest in production at Tan Thuan Export Processing Zone, Ho Chi Minh City (Photo: VNA)

HCM City (VNA) - Ho Chi Minh City attracted morethan 3 billion USD in foreign direct investment (FDI) in the first 11 months of2023, down 12.9% year-on-year, the city’sStatistics Office has announced.

In the reviewed period, the country's economic locomotivegranted investment certificates for 1,090 new projects with a combinedregistered capital of 573.5 million USD, marking increases of 35.1% in thenumber of projects and 20.1% in capital over the same period last year.

Of the projects, 462 were in wholesale, retail, and repair ofautomobiles and motorbikes with registered capital totaling 218.9 million USD,accounting for 38.2% of the newly registered capital.

Among the nations and territories pouring capital into the city,Singapore ranked first with 184 projects and a total registered capital of 170.1million USD, accounting for 29.7% of the newly registered capital.

It was followed by Japan with 95 projects and 81.2 million USD, accounting for 14.2%, and India with 40 projects and 62.2 million USD or 10.8%.

Regarding the adjustment of registered capital, 281projects received a total additional 601.7 million USD.

Meanwhile, foreign investors conducted 2,099 transactions of capital contributions to or purchases of shares at domestic companies in the period, with a total value of 1.9 billion USD, up 26.7% year on year. 

As of November 20, the city had 12,300 valid FDI projects with aggregate investment capital of 82.95 billion USD./.

VNA
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