HCMC attracts US$4.19 billion in FDI in eight months

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 FDI US$ 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 totaling US$118.1 million.

To further promote FDI attraction, the municipal authorities have taken policies and programmes to support investors, especially in industry, and support and processing industries.

Attention has been paid to improving investment and business environment to lure more foreign investment projects. -VNA