High-tech electronic components produce at Japan's Nidec Sankyo Vietnam Lmt. Company in Ho Chi Minh City (Photo: VNA) Ho Chi Minh City (VNA) – Ho Chi MinhCity attracted 574.71 million USD in foreign direct investment (FDI) in thefirst quarter of 2017, a year-on-year increase of 56.7 percent, according tothe municipal Department of Planning and Investment.
The city granted investment certificates to 141projects with a total investment of 133 million USD and 42 existing projects witha combined capital of over 89 million USD.
Besides, the city approved 401 foreign investors’ registrationfor contributing capital, purchasing shares and buying back financialcontributions to the city’s firms with a total capital of 352 million USD.
Malaysia topped the city’s FDI sources with over44 billion USD (33.3 percent of the total), followed by Japan with 29 billionUSD (22 percent) and the Netherlands with 16 million USD (12 percent).
Information and communications sector was the top sector, luring 51.77billion USD, or 38.7 percent, as much as 3.1 times to the same period lastyear.
The sector was followed by the automobile and motorbike wholesale,retail and maintenance with 40.39 million USD or 30.3 percent, and manufacturingand processing with 10.74 million USD or 8.1 percent of the city’s total FDI.
Besides, the planning and investment departmentlaunched an online investment registration system for foreign investors whowant to join capital to firms in the city. After five months of operation, thesystem received 432 documents. Thesecond phase of the programme is being applied to some other procedures.
Regarding domestic investment, more than 7,900 newenterprises were licensed with a total registered capital of 99.4 trillion VND(4.3 billion USD), up 14 percent in the number and 61.7 percent in the capital.-VNA
The city granted investment certificates to 141projects with a total investment of 133 million USD and 42 existing projects witha combined capital of over 89 million USD.
Besides, the city approved 401 foreign investors’ registrationfor contributing capital, purchasing shares and buying back financialcontributions to the city’s firms with a total capital of 352 million USD.
Malaysia topped the city’s FDI sources with over44 billion USD (33.3 percent of the total), followed by Japan with 29 billionUSD (22 percent) and the Netherlands with 16 million USD (12 percent).
Information and communications sector was the top sector, luring 51.77billion USD, or 38.7 percent, as much as 3.1 times to the same period lastyear.
The sector was followed by the automobile and motorbike wholesale,retail and maintenance with 40.39 million USD or 30.3 percent, and manufacturingand processing with 10.74 million USD or 8.1 percent of the city’s total FDI.
Besides, the planning and investment departmentlaunched an online investment registration system for foreign investors whowant to join capital to firms in the city. After five months of operation, thesystem received 432 documents. Thesecond phase of the programme is being applied to some other procedures.
Regarding domestic investment, more than 7,900 newenterprises were licensed with a total registered capital of 99.4 trillion VND(4.3 billion USD), up 14 percent in the number and 61.7 percent in the capital.-VNA
VNA
