HCM City: New foreign investment tops US$3.5 billion
Ho Chi Minh City licensed 807 foreign invested projects worth US$3.54 billion in the first 11 months of this year, up 3.3% in value from a year earlier, according to the General Statistics Office.
That added up to 11,219 valid foreign invested projects with registered capital totalling US$55.75 billion at present in the southern economic hub, which is taking the lead nationwide in terms of the project number.
So far this year, HCM City has also seen 164 existing projects add US$1.5 billion to their capital, up 39.2% year on year. They included 18 supplemented with US$915 million in the processing and manufacturing industry, accounting for 58.8% of the total additional capital; and 21 with US$278 million in the information and communications sector, accounting for 17.9%.
Singapore is currently the biggest foreign investor in HCM City with 148 projects worth US$159.1 million, making 33.3% of the newly registered capital. It is followed by Japan with 82 projects worth US$80.1 million (16.8%) and the Republic of Korea with 112 projects worth US$54.9 million (11.5%).