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HCMC receives US $333 million of FDI

VGP - Hồ Chí Minh City licensed 39 foreign-invested projects with the total registered capital of US $333.4 million in the first two months of this year, said the Municipal Department of Planning and Investment.

March 08, 2010 10:07 AM GMT+7

Hồ Chí Minh City calls for FDI in its information technology industry
About 29 projects are licensed in February alone;  27 out of them are stationed outside of the export processing zones and industrial parks.

The department’s Vice Director, Mr. Lư Thanh Phong, said the city is focusing on luring foreign direct investment (FDI) in high growing capacity sectors such as engineering, automation, biotechnology, information technology and new materials.

Between January and February, Hồ Chí Minh City saw 5 operational FDI projects raising their capital.

The city plans to attract total FDI of US $8.4 billion this year.

By Ngọc Vân