Saturday, 31/03/2018 10:05 (GMT+7)
Ho Chi Minh City reeled in USD1.28 billion in foreign direct investment (FDI) in the January-March period, 3.8 times higher than that the same period of 2017, via newly-licensed and added investments and share purchase.
Illustrative image (Source: VNA)
The southern metropolis granted licences to about 180 new FDI projects which have total investment of over USD215 million, up 52.8 percent year-on-year.
The processing-manufacturing industry raked in the largest amount of USD82.22 million, a 23-fold surge year-on-year. It was followed by the sale, repair of automobiles, motors, motorbikes and other vehicles which drew in USD63.38 million, up 41.1 percent year-on-year. Real estate came third with USD48.32 million, up 6.4 percent.
Norway was the biggest investor who invested USD70.08 million or 32.6 percent. It was followed by the Republic of Korea, USD53.38 million; and Singapore, USD41.72 million.
In the first quarter of 2018, total investment of more than USD113.5 million was added into 297 operational projects while some 530 foreign investors were permitted to purchase shares, worth over USD951 million, from domestic companies.
According to Director of the municipal Department of Planning and Investment Su Ngoc Anh, the foreigners’ share purchase was five times higher than that of the same period last year, mostly in the fields of real estate (46.6 percent), science and technology (19 percent) and travel services (8.5 percent).
Ho Chi Minh City continued providing online services for registering foreign investment and share purchase in the first three months of this year. More than 480 online applications were successfully processed.
About 8,000 businesses were newly registered during the period with the total capital of nearly USD100.4 trillion (USD4.42 billion)./.
CPV/VNA