HCM City: Real estate most attractive to foreign investors in first two months
17:20 | 09/03/2021
VGP – In the first two months of 2021, Ho Chi Minh City licensed three new foreign direct investment (FDI) projects with total registered capital of US$115 million, 99.7% of which was poured into the real estate industry.

A corner of Ho Chi Minh City

This capital source came from Singapore (29.6%) and the Netherlands (70.1%), according to the municipal Statistics Department.

As of February 20, additional pledges of US$53.3 million were made to 22 existing projects in the city, while 168 foreign investors contributed capital to and purchased shares in domestic businesses with a value of US$169.5 million.

In total, Ho Chi Minh City attracted US$337.8 million worth of FDI between January and February, down 29.7% over the same period last year.

Of the figure, real estate was the largest FDI recipient with US$145.1 million (43% of the total), followed by science & technology activities with US$57.5 million (17%), the manufacturing industry with US$41 million (12.1%), education and training with US$27.9 million (8.3%), and commerce with US$25.5 million (7.5%).

Singapore represented the largest share of FDI inflows to HCM City in the first two months (37.1%), while the next four places were occupied by the Netherlands (23.9%), the Republic of Korea (13.2%), Cayman Islands (7.6%), and Japan (3.8%).

    By Vien Nhu

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