HCM City’s 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.
That added up to 11,219 valid foreign invested projects with registered capital totalling nearly 56 billion USD at present in the southern economic hub, which is taking the lead nationwide in terms of the project number.
So far this year, HCM City 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 in the processing and manufacturing industry, accounting for roundly 59% of the total additional capital; and 21 with 278 million USD in the information and communications sector, accounting for nearly 18%.
Singapore is currently the biggest foreign investor in HCM City with 148 projects worth over 159 million USD, making 33.3% of the newly registered capital, followed by Japan and the Republic of Korea./.
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