HCMC attracts over US$ 6 billion FDI

VGP – HCMC absorbed US$ 6.17 billion of FDI, representing a year-on-year growth of 3.4% in the first ten months of 2019, the HCMC Department of Planning and Investment reported.

November 07, 2019 9:01 AM GMT+7

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The Department said that in the first ten months, 1,046 projects got investment licenses worth US$ 1.07 billion, up 23.2% in number and 46.5% in value.

About 256 projects got additional US$ 717.64 million. Hence, total amount of newly registered and adjusted capital reached over US$ 1.78 billion, double the same period last year.

The real estate sector absorbed the biggest amount of FDI with 42 projects worth US$ 455 million; followed by science and technology with 247 projects worth US$ 241 million; trade with 456 projects worth US$ 175.6 million.

Out of 64 countries and territories investing in HCMC, Singapore took the lead with 139 projects worth US$ 324 million; followed by British Virgin Islands with 13 projects worth US$ 179.4 million; the RoK with 214 projects worth US$ 171.9 million; Japan with 133 projects with US$ 155.4 million.

In the January-October period, the city allowed 4,694 foreign investors to spend US$ 4.3 billion buy shares, up 44.9% in number and 86% in value in comparison with the same period last year./.

By Kim Anh