HCM City attracts US$4.19 billion in FDI in eight months

Monday, 2019-09-02 18:41:46
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Ho Chi Minh City has attracted US$4.19 billion in FDI so far this year. (Photo: VNA)
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NDO/VNA – Ho Chi Minh City has attracted US$4.19 billion in foreign direct investment (FDI) so far this year, up 21.7% year-on-year.

According to the municipal People’s Committee, the city granted new investment licenses to 816 foreign-invested projects with a total registered capital of US$754.1 million in the period. Besides, it also allowed 197 existing projects to increase capital by US$419.3 million.

Besides, 3,147 foreign investors registered US$3.02 billion to contribute capital to or buy shares of domestic companies in the reviewed period.

The real estate sector took the lead in attracting US$FDI 250.5 million in 33 projects. It was followed by science-technology, trading, and transport-warehouse with respective investment values of US$226.7 million, US$141.5 million, and US$31.6 million.

As many as 60 countries and territories invested into the city in the period. British Virgin Islands topped the list with 10 projects worth US$179.1 million, accounting for 23.7% of the total.

Investors from the Republic of Korea poured US$161.4 million into 172 projects in the city, while those from Japan had 111 projects worth US$139.1 million, and from Singapore with 105 projects totalling US$118.1 million.