FDI in Ho Chi Minh City doubles
The flow of foreign direct investment (FDI) into Ho Chi Minh City thus far this year has reached US$2.5 billion, up 2.3 times from the same period last year, according to the municipal People’s Committee.
The city has licensed 284 new projects with a total investment of US$2.02 billion, up 35.2% and 210% annually, respectively.
An additional US$456.5 million was injected into 89 ongoing projects, an annual increase of 410% in capital and 48.3% in the number of projects.
The majority of the capital is in real estate sector investments with four projects worth US$1.31 billion, followed by industrial projects with US$491.9 million and trade projects with US$112.5 million, among others.
The UK is currently the biggest investor in the city with five projects worth US$1.2 billion, accounting for 59.2% of the new registered capital.
The British Virgin Island trails the UK with 7 projects worth US$306.5 million or 15.1%, followed by the Republic of Korea with 61 projects and US$210.5 million and Singapore with 47 projects and US$100.8 million.
As many as 19 projects worth US$69.7 million were dissolved or halted in the reviewed period.
An additional US$456.5 million was injected into 89 ongoing projects, an annual increase of 410% in capital and 48.3% in the number of projects.
The majority of the capital is in real estate sector investments with four projects worth US$1.31 billion, followed by industrial projects with US$491.9 million and trade projects with US$112.5 million, among others.
The UK is currently the biggest investor in the city with five projects worth US$1.2 billion, accounting for 59.2% of the new registered capital.
The British Virgin Island trails the UK with 7 projects worth US$306.5 million or 15.1%, followed by the Republic of Korea with 61 projects and US$210.5 million and Singapore with 47 projects and US$100.8 million.
As many as 19 projects worth US$69.7 million were dissolved or halted in the reviewed period.