THE SOCIALIST REPUBLIC OF VIET NAM
Government News
FDI poured in HCM City up nearly 50%
VGP - Ho Chi Minh City attracted US$2.77 billion in foreign investment in the first five months of this year, witnessing a year-on-year surge of 49%.
Photo: VGP
The information was released on June 4 at a conference of the municipal People’s Committee to review socio-economic performance in the January-May period.
The city contributed VND165,199 billion to the State budget in five months, reaching 41.39% of the forecasts and a year-on-year increase of 4.82%.
The total retail sales and service revenues in May was estimated at VND91,326 billion, up 0.9% against the previous month and up 17.8% compared to the same period last year, raising the total figure over the recent five months of the year to VND463,527 billion, up 12.3%.
As many as 16,664 enterprises were newly set up in the city over the recent five months of the year with the registered capital of VND265,613 billion, up 1% in the number of enterprises and up 43.2% in capital compared to the same period last year.
By Thuy Dung