Business

HCM City: New foreign investment tops 3.5 billion USD

Ho Chi Minh City licensed 807 foreign invested projects worth 3.54 billion USD in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
HCM City: New foreign investment tops 3.5 billion USD ảnh 1Workers produce mechanical components at a factory of the Misumi Vietnam Company in the Linh Trung Export Processing Zone of Thu Duc city, HCM City. (Photo: VNA)
Hanoi (VNA) – Ho ChiMinh City licensed 807 foreign invested projects worth 3.54 billion USD in thefirst 11 months of this year, up 3.3% in value from a year earlier, accordingto the General Statistics Office.

That added up to 11,219 valid foreigninvested projects with registered capital totalling 55.75 billion USD atpresent in the southern economic hub, which is taking the lead nationwide interms of the project number.

So far this year, HCMCity has also seen 164 existing projects add 1.5 billion USD to their capital, up 39.2%year on year. They included 18 supplemented with 915 million USD inthe processing and manufacturing industry, accounting for 58.8% of the totaladditional capital; and 21 with 278 million USD in theinformation and communications sector, accounting for 17.9%.

Singaporeis currently the biggest foreign investor in HCM City with 148 projects worth159.1 million USD, making 33.3% of the newly registered capital. It is followedby Japan with 82 projects worth 80.1 million USD (16.8%) and the Republic ofKorea with 112 projects worth 54.9 million USD (11.5%)./.
VNA
#Ho Chi Minh City #foreign investment #foreign invested projects #processing and manufacturing #FDI #information and communications #updated Vietnam news #Vietnamplus #Vietnam News Agency Ho Chi Minh City
Follow VietnamPlus

Related News

Hanoi lures 1.28 billion USD of FDI in 10 months

Hanoi lures 1.28 billion USD of FDI in 10 months

Hanoi attracted 1.28 billion USD in foreign direct investment (FDI) in the first 10 months of this year, a rise of 27% year on year, reported the city Department of Planning and Investment.
11-month FDI disbursement hits record high

11-month FDI disbursement hits record high

The disbursement of foreign direct investment (FDI) in Vietnam went up 15.1% between January and November to some 19.68 billion USD, the highest 11-month figure over the past five years, according to the General Statistics Office (GSO).

See more

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.