HCM City’s FDI attraction inches up 3.4 percent in ten months
Ho Chi Minh City attracted 6.17 billion USD in foreign direct investment (FDI) during January-October, a year-on-year increase of 3.4 percent, the municipal Department of Planning and Investment has said.
HCM City (VNA) – Ho Chi Minh City attracted6.17 billion USD in foreign direct investment (FDI) during January-October, ayear-on-year increase of 3.4 percent, the municipal Department of Planning andInvestment has said.
Of the total FDI, 1.07 billion USD came from 1,046 newly registered projects,up 46.5 percent in value and 23.2 percent in the number of projects as comparedto the same time last year.
In the period, 4,694 foreign investors bought shares and acquired stakes ofdomestic enterprises with total registered capital of 4.3 billion USD, up 44.9percent in the number of investors and down 14.3 percent in the number of capitalfrom the same time in 2018.
The real estate market was the most attractive sector for FDI capital as 455million USD was poured in 41 projects, followed by science and technology activitieswith 247 projects worth 241 million USD, and trade with 456 projects valued at 175.6million USD.
According to the department, Singapore was the leading foreign investor among64 countries and territories investing in the southern hub, with 324 millionUSD registered in 139 projects. British Virgin Islands came second with 13projects worth 179.4 million USD, followed by the Republic of Korea with 214projects worth 171.9 million USD.
Also in the ten-month period, the department granted business licences to36,266 new domestic enterprises, who registered 543.48 trillion VND (23.37billion USD) in investment.
Director of the Planning and Investment Department Le Thi Huynh Mai said thecity effectively organised 12 trade and investment promotion programmes bothinside and outside the country, business matching events to lure moreinvestment in the city while helping local firms to introduce their productsand develop export markets.
Besides, the city also had working sessions with 16 domestic and foreigndelegations who came to study local business environment, she added./.
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Illustrative image (Source: VNA) 
