Foreign direct investment in HCM City surges 47%
Ho Chi Minh City attracted US$4.6 billion in foreign direct investment (FDI) in 2015, up 47% from previous year, according to the municipal People’s Committee.
During the year, the city granted licences to 566 new projects with total registered capital of US$2.87 billion, rising 31.9% and 0.8%, respectively, compared to the 2014’s figures. In addition, 181 other projects got approval for capital addition.
The UK remains the top investor in the city with 10 projects valued at more than US$1.2 billion, accounting for 42.8% of total capital, followed by the Republic of Korea with total investment worth US$465.1 million (16.6%), British Virgin Islands with US$370.3 million (13.2%), Singapore with US$140.8 million (5%) and the US with US$135.1 million (4.8%).
Regarding sectors, real estate drew the largest amount of foreign capital (US$1.5 billion), chased by industry (US$767.4 million), technology and science (US$169.4 million), trade (US$167.3 million) and information and communication (US$32.1 million).
The city is currently home to 5,765 valid foreign projects with total investment of over US$40.5 billion.
The UK remains the top investor in the city with 10 projects valued at more than US$1.2 billion, accounting for 42.8% of total capital, followed by the Republic of Korea with total investment worth US$465.1 million (16.6%), British Virgin Islands with US$370.3 million (13.2%), Singapore with US$140.8 million (5%) and the US with US$135.1 million (4.8%).
Regarding sectors, real estate drew the largest amount of foreign capital (US$1.5 billion), chased by industry (US$767.4 million), technology and science (US$169.4 million), trade (US$167.3 million) and information and communication (US$32.1 million).
The city is currently home to 5,765 valid foreign projects with total investment of over US$40.5 billion.