Ho Chi Minh City’s economy remained on the growth in the first quarter of this year, said Chairman of the municipal People’s Committee Nguyen Thanh Phong at a review meeting in early April.
Ho Chi Minh City attracted over 1.55 billion USD in foreign direct investment in the first quarter of this year, up 20.4 percent year-on-year, according to the municipal People’s Committee.
Industrial zones in the Mekong Delta city of Can Tho attracted a total registered investment capital of 112 million USD last year, 12 percent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.
The assessment of Foreign Direct Investment (FDI) attraction must be realistic and systematic to tackle shortcomings, said Deputy Prime Minister Vuong Dinh Hue.
Japan took the lead among 112 countries and territories invested in Vietnam in 2018, with 8.59 billion USD, making up 24 percent of the nation’s total FDI.
The manufacturing and processing sector garnered the most interest from foreign investors in 2018, attracting 16.58 billion USD, or 47 percent of the registered capital.
The total newly-registered, additional foreign capital and foreign investors’ stake purchase reached 30.8 billion USD over the first 11 months of the year, or 93.2 percent from the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
The southern province of Dong Nai has drawn approximately 1.6 billion USD in foreign direct investment (FDI) as of October 23, 60 percent higher than the goal of only 1 billion USD this year.
The central province of Nghe An has so far this year granted investment licences to 82 projects with a total registered capital of 7.58 trillion VND (325 million USD), representing decreases in both number of projects and registered capital.
Air pollution in HCM City caused by vehicles has become even more serious than the level of pollution emitted by industrial zones, environmental experts say.
With 131 operating foreign direct investment (FDI) projects valued at 7.29 billion USD, Thai Nguyen province has become one of the leading destinations for foreign investors in the northern mountainous region.
As many as 14,657 businesses were established in the capital city of Hanoi in the first seven months of 2018 with a total registered capital of over 16 trillion VND (687 million USD), down 1 percent in number but up 42 percent in capital year-on-year.
The southern province of Dong Nai attracted nearly 980 million USD of foreign investment so far this year, equal to 97 percent of its target for the whole year, according to the provincial Department of Planning and Investment.
The Mekong Delta province of Tien Giang lured over 7 trillion VND (over 310 million USD) in 18 new investment projects in the first six months of 2018, up 9 projects and 4.47 times in capital compared to the same period last year.
As of June 2018, Japanese businesses invested in nearly 240 projects with total registered capital of over 4.2 billion USD in Dong Nai, ranking third among more than 40 countries and territories pouring investment in the southern locality.
Vietnamese firms invested 222.48 million USD in 67 newly-licensed projects abroad in the first six months of 2018, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
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