HCMC attracts over US$ 6 billion FDI
09:01 | 07/11/2019

VGP – HCMC absorbed US$ 6.17 billion of FDI, representing a year-on-year growth of 3.4% in the first ten months of 2019, the HCMC Department of Planning and Investment reported.

Illustration photo

The Department said that in the first ten months, 1,046 projects got investment licenses worth US$ 1.07 billion, up 23.2% in number and 46.5% in value. 

About 256 projects got additional US$ 717.64 million. Hence, total amount of newly registered and adjusted capital reached over US$ 1.78 billion, double the same period last year. 

The real estate sector absorbed the biggest amount of FDI with 42 projects worth US$ 455 million; followed by science and technology with 247 projects worth US$ 241 million; trade with 456 projects worth US$ 175.6 million. 

Out of 64 countries and territories investing in HCMC,  Singapore took the lead with 139 projects worth US$ 324 million; followed by British Virgin Islands with 13 projects worth US$ 179.4 million; the RoK with 214 projects worth US$ 171.9 million; Japan with 133 projects with US$ 155.4 million. 

In the January-October period, the city allowed 4,694 foreign investors to spend US$ 4.3 billion buy shares, up 44.9% in number and 86% in value in comparison with the same period last year./.

By Kim Anh 

  

 

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