FDI inflow into HCM City soars in eight months

VGP - More than US$3.23 billion of foreign direct investment (FDI) was poured into Ho Chi Minh City in the first eight months of 2017, up 1.57 times from the same period last year.

September 13, 2017 4:33 PM GMT+7

According to the municipal Department of Planning and Investment, major FDI projects registered in the period included Saigon Silicon project worth some US$40 million.

This project is being invested by the Saigon Silicon City Park Joint Stock Company, which inked a cooperation memorandum on the project implementation with the US’s World Trade Centre Utah.

Meanwhile, the Republic of Korea’s CJ Cau Tre Foods Joint Stock Company was licensed to invest in a US$53.3 million project in Hiep Phuoc Industrial Park.

To attract more FDI in the remaining months of 2017, HCM City is deploying measures to develop four key industries, namely manufacturing engineering, electronics, chemical-rubber-plastics industry, and food processing.-VNA