Robots are tested at a laboratory in the Saigon Hi-tech Park of HCM City (Photo: VNA) HCM City (VNA) – The Republic of Korea(RoK) was the biggest investor in Ho Chi Minh City in the first two months of2019, engulfing 43.2 percent of the city’s total foreign direct investment(FDI) for the period.
The southern largest economic hub of Vietnamattracted 1.02 billion USD of FDI capital in the year’s initial two months,equivalent to 94.7 percent of the figure for last year’s same period, accordingto the municipal Department of Planning and Investment.
In the list of investors, the RoK was followedby Singapore (15.8 percent), Japan (15 percent), the UK (7.3 percent), and theUS (4.8 percent).
Around 96.69 million USD of the capital waschanneled into 165 new projects, while another 31 million USD was added to 31existing ones.
[FDI up 2.5 times in first two months of 2019]
Among the new projects, those with science andtech-related activities attracted the most capital (51 percent), followed bywholesale and retail, along with motorised vehicle repair (34.6 percent);processing and manufacturing (5.7 percent); accommodation and food services(3.4 percent); and information and communications (2.2 percent).
In the last two months, HCM City also licensed554 cases in which foreign investors contributed capital to or purchased sharesof domestic businesses with total registered capital of over 894 million USD.
Meanwhile, more than 136.43 trillion VND (5.86billion USD) of new and additional capital was registered by domesticinvestors, including over 94.26 trillion VND of some 4,400 newly establishedcompanies.
Narly 14,180 firms registered to add a total of 42.17trillion VND to their existing capital, the Department of Planning andInvestment said.–VNA
VNA
