HCMC expects to attract US$ 8 billion FDI in 2019
15:38 | 02/12/2019

VGP – HCMC expected to attract US$ 8 billion of FDI in 2019, equivalent to 101% of the same period last year.

Illustration photo

Foreign investors got licences for 1,200 FDI projects worth US$ 1.85 billion, up 13% in number and equivalent to 224% of total investment capital. 

Meanwhile, 300 projects were expanded with a total investment capital of US$ 850 million. 

The local authorities allowed 5,500 foreign investors to buy shares worth US$ 5.3 billion. 

The local authorities attributed the outcomes to 203 effective trade and investment promotion programs. The city also welcomed 310 domestic and foreign delegations to seek investment and business promotion in the city.

In addition, the city also deployed a working group in charge of dealing with business difficulties and obstacles for enterprises and investors especially large-scale ones. 

In the coming time, HCMC will continue to promote foreign investment attraction; hold direct dialogues and investment promotion conferences between the local authorities and enterprises to attract domestic and foreign investors. 

The Foreign Investment Agency under the Ministry of Planning and Investment reported that as of November 20, 2019, foreign investors poured nearly US$ 31.8 billion in newly-registered projects, expand projects and buy shares, up 3.1% against the same period last year. Up to 3,478 projects were freshly licensed with a total investment of US$ 14.6 billion, up 28.2% in number but down 7% in value in comparison with the same period last year./. 

By Kim Loan 

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