FDI poured in HCM City up nearly 50%
16:19 | 05/06/2019

VGP - Ho Chi Minh City attracted US$2.77 billion in foreign investment in the first five months of this year, witnessing a year-on-year surge of 49%. 

Photo: VGP

The information was released on June 4 at a conference of the municipal People’s Committee to review socio-economic performance in the January-May period. 

The city contributed VND165,199 billion to the State budget in five months, reaching 41.39% of the forecasts and a year-on-year increase of 4.82%. 

The total retail sales and service revenues in May was estimated at VND91,326 billion, up 0.9% against the previous month and up 17.8% compared to the same period last year, raising the total figure over the recent five months of the year to VND463,527 billion, up 12.3%. 

As many as 16,664 enterprises were newly set up in the city over the recent five months of the year with the registered capital of VND265,613 billion, up 1% in the number of enterprises and up 43.2% in capital compared to the same period last year. 

By Thuy Dung

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