Business

HCM City: Two-month foreign investment stands at 337.8 million USD

Ho Chi Minh City recorded 337.8 million USD of foreign investment registered during the first two months of 2021, equivalent to 70.3 percent of the figure in the same period last year.
HCM City: Two-month foreign investment stands at 337.8 million USD ảnh 1As much as 337.8 million USD of foreign investment was poured into HCM City in the first two months of 2021 (Photo: VNA)
Hanoi (VNA) – Ho Chi Minh City recorded337.8 million USD of foreign investment registered during the first two monthsof 2021, equivalent to 70.3 percent of the figure in the same period last year.

Real estate attracted most of the sum, 145.1million USD or 43 percent of the total. It was followed by science - technology(57.5 million USD, 17 percent) and processing - manufacturing industry (41million USD, 12.1 percent), the municipal Department of Planning and Investmentsaid.

The southern economic hub lured only three newforeign investment projects worth 115 million USD in January and February, itsaid, citing complex developments of the COVID-19 pandemic around the world asthe reason.

Up to 99.7 percent of the new capital waschanneled into real estate, with 29.6 percent from Singapore and 70.1 percentfrom the Netherlands.

From the year’s beginning to February 20, HCMCity saw 22 existing projects have 53.3 million USD added to their registeredcapital.

Foreign investors also spent 169.5 million USDon capital contributions to or share purchase in local firms during the time,data showed./.
VNA
#Ho Chi Minh City #foreign investment #real estate #foreign investors #foreign investment projects #processing - manufacturing #updated Vietnam news #Vietnamplus #Vietnam News Agency Ho Chi Minh City
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