HCM City attracts estimated 8 billion USD of FDI in 2019
Total foreign direct investment (FDI) in Ho Chi Minh City in 2019 is estimated to reach 8 billion USD, equivalent to 101 percent of the figure recorded last year, reported the municipal People’s Committee.
HCM City (VNA) – Total foreign directinvestment (FDI) in Ho Chi Minh City in 2019 is estimated to reach 8 billionUSD, equivalent to 101 percent of the figure recorded last year, reported themunicipal People’s Committee.
Of the total, 1.85 billion USD was poured into 1,200 newly-licensedprojects, while 850 million USD was added into 300 underway projects.
At the same time, 5.3 billion USD was invested by 5,500investors in capital contribution and share purchase deals during the year.
In 2019, the city has held 203 trade and investmentpromotion programmes in and outside the country, along with various forum andconferences as well as business-to-business connection events.
The southern economic hub has also received 310 domestic andforeign business delegations who came to explore the investment and businessenvironment in the city and exchange experience in trade and investmentpromotion.
HCM City has effectively maintained the role of the workinggroup for investment in dealing with difficulties and obstacles facingenterprises and investors during the implementation of projects, especially bigones.
According to the municipal People’s Committee, in thefuture, the city will continue with investment promotion activities to call forboth domestic and foreign investors.
Besides, the city will increase direct dialogue withbusinesses and rolling out measures to remove difficulties for them./.
Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the first 11 months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
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A view of Ho Chi Minh City (Photo: VNA) 
