Over US $8 bil. of FDI poured into HCMC

The city’s Statistics Office said US $7.83 billion of the total amount came from 405 newly-registered projects and the remainder was the capital addition of 110 projects. The most attractive areas are real estate, information technology, finance and industry.

The largest-scale project is a Malaysia-invested US $3.5-billion one to build the Berjaya international university quarter. It is followed by the Thủ Thiêm software park (US $1.2 billion), the District 10 financial center (US $930 million), a software development and real estate project (US $610 million) invested by the Việt Nam-Japan human resource development company, and a hi-tech health care center (US $400 million).

To date, Hồ Chí Minh City has attracted 3,045 valid FDI projects with a total capital of more than US $25.3 billion, an increase of US $9.5 billion against the same period last year.

In the near future, the City channels FDI flow into services, hi-tech industries,  IT application, biotechnology, electronics, new materials, telecommunications, and socio-economic infrastructure development. It will pay more attention to attracting investment projects from multi-national corporations.