Five months: HCM city lures USD2.77 billion in FDI

Tuesday, 11/06/2019 16:38
Ho Chi Minh city attracted USD2.77 billion in foreign direct investment (FDI) in the first five months of 2019, up 49 percent year-on-year, reported the municipal People’s Committee.

Hanoi leads in FDI attraction during first four months

FDI in Vietnam hits record high

Southern hub lures over USD1 billion FDI capital in two months


A corner of Ho Chi Minh city (Photo: VNA)

There were 451 newly-licensed projects with a total capital of USD472.16 million, up 22.6 percent in terms of the number and 9.2 percent in terms of the investment.

The real estate sector attracted the most capital with 46.7 percent, followed by science-technology (23.4 percent); retail and wholesale, automobile and motorbike repair (16.8 percent); manufacturing and processing (5.3 percent).

Up to 102 projects registered additional capital of USD214 million, marking an annual rise of 27.5 percent in volume and 35.8 percent in value.

During the period, the city allowed more than 1,700 foreign investors to buy stakes in domestic firms with a combined value of USD2.08 billion, up 33.3 percent in volume and 64.3 percent in value.

The total registered and additional capital of domestic enterprises surpassed VND348.46 trillion (USD15.1 billion), up 4.6 percent year-on-year./.

CPV/VNA

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