FDI capital in southern city rises nearly 50%

Friday, 09/06/2017 18:42
Ho Chi Minh city attracted USD1.37 billion of foreign direct investment (FDI) capital over the past five months, a year-on-year rise of 45.8%, according to the city Department of Planning and Investment.

Photo for illustration 

Of this, 283 projects were granted investment license with a total capital of USD341.98 million, and 81 ongoing projects registered for an increased capital of USD287.05 million.

In addition, the city allowed 775 foreign investors to contribute capital, buy shares and re-purchase contributed capital with a total registered capital of USD742.2 million.

The processing and manufacturing industry absorbed the biggest FDI capital with USD122.7 million (35.9%), followed by wholesale and retail, automobile, motorcycle and motorbike repairing with USD92.75 million (27.1%), information and communications with USD55.21 million (16.2%), and real estate business with USD40.25 million (11.8%).

The Republic of Korea poured the most FDI capital into the southern hub with USD95.11 million (27.8%), following by Malaysia USD45.07 million (13.2%), Singapore USD39.91 million (11.7%) and Japan USD38.9 million (11.4%)./.

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