HCMC: FDI inflow rebounds

VGP – Ho Chi Minh City (HCMC) lured 46 new Foreign Direct Investment (FDI) projects in the first two months, worth US$ 164.3 million, up 12.2% in number and 267.2% in value.

March 02, 2014 3:14 PM GMT+7

The local economy was stable with promising signs, said Thai Van Re, Director of HCMC Department of Planning and Development.

In the January-February period, 14 ongoing projects got additional capital with US$ 52.6 million. Accordingly, the city absorbed US$ 216.8 million of FDI, representing a year-on-year surge of 226.1%.

The total retail sale of goods and services jumped sharply to over VND 103 trillion, up 11.8% against the same period last year.

In February, industrial production picked up 10.3% against the same period last year.

Export turnover touched US$ 1.8 billion in the second month, posting a year-on-year increase of 14.7%. Meanwhile, import turnover valued US$ 1.4 billion.

In the coming time, HCMC would create more favorable ways for enterprises to expand market and speed up progress of ongoing projects in favor of socio-economic development./.

By Kim Anh