Le Thanh Phong, vice director of the City Department of Planning and Investment says that the figure is much lower than the set target of attracting US$8.4 billion in FDI capital in 2010. The city has encouraged businesses to invest in added value fields, such as machinery, automation, bio-technology, information technology, and new materials, he added.

Hi-tech parks, such as Quang Trung Software Park, and industrial processing zones have listed projects to call for foreign investment with attractive incentives.

The city has quickly implemented land compensation and clearance for key zones, such as North-East Urban Area, the Thu Thiem New Urban Area, and the Cang Hiep Phuoc Urban Area to attract more investors.