2.97 billion USD in FDI poured into HCM City in 9 months
Ho Chi Minh City attracted 2.97 billion USD in foreign direct investment (FDI) this year to September 20, a year-on-year increase of 26.1%, according to the municipal Department of Planning and Investment.
Illustrative image (Photo: VNA)
Of the amount, 348 million USD was poured into 567 new projects, down 7.6 percent in value compared to the same period last year.
Singapore was the biggest investor in the southern hub with 97 new projects totaling 121.8 million USD, accounting for 35% of the total newly-registered capital. It was followed by Japan and the Republic of Korea with 60 and 81 projects worth 60.2 million USD and 47.1 million USD, respectively.
Meanwhile, nearly 1.49 billion USD was added to 114 existing projects, 2.5 times higher than the same period last year.
Besides, there were 1,797 approved transactions of capital contribution and share purchases by foreign investors in the period with a total value reaching nearly 1.13 billion USD, down 16.2% year-on-year.
The number of valid FDI projects in the city at present is 11,007 with total registered capital of 55.45 billion USD./.
VNA
-
Diversify goods and agricultural products to serve the Tet market
- Quality varieties spur Vietnamese rice industry's growth: experts
- Launching 1 million hectares of high-quality, low-emission rice project
- Small but quality FDI projects invested in southeastern localities
- In 2024, Long An will change crop structure on rice land with an area of more than 8,500 hectares
- Long An 's industry on the path of recovery and development
- Businesses bullish on Q2 outlook: GSO
- Cryptocurrency is not banned in Vietnam: Ministry
- Construction starts on first railway project using RoK’s ODA
- Vietnam remains attractive destination for foreign investors
