Vietnamplus

As much as 332.3 million USD in foreign investment was poured into Ho Chi Minh City in the first two months of this year, up 43.1% year on year, the municipal Statistics Office reported.

More than 3,000 overseas Vietnamese had invested 45 trillion VND (1.94 billion USD) as of the end of last year in HCM City, an official said at a recent meeting in the city.

To attract more investment, especially from overseas, Ho Chi Minh City needs to renovate and reform its export processing zones (EPZs) and industrial parks (IPs), said Tran Quang Truong, General Director of Tan Binh Industrial Park.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong received a delegation of the new heads of Vietnam’s overseas representative agencies for 2019-2022 on October 4.

Ho Chi Minh City attracted 2.77 billion USD in foreign investment in the first five months of this year, with 46.7 percent of the capital poured into real estate.

Ho Chi Minh City is confident of fulfilling its 2018 budget collection goals, as its economy saw stable and positive development in the first three quarters of this year, according to Chairman of the municipal People’s Committee Nguyen Thanh Phong.

Foreign direct investment (FDI) in HCM City is dwindling and cannot continue to drive the economy, Su Ngoc Anh, Director of the municipal Department of Planning and Investment, has said.

The southern economic hub of Ho Chi Minh City lured more than 443 million USD in foreign direct investment in the first two months of this year, a year-on-year rise of over 61 percent.

The southern economic hub of Ho Chi Minh City lured 443.1 million USD in foreign direct investment (FDI) in the first two months of 2017, a year-on-year rise of 61.3 percent.