Ho Chi Minh city: FDI capital attraction hits nearly USD1.3 billion
Saturday, 31/03/2018 22:50 (GMT+7)
Ho Chi Minh city attracted USD1.28 billion of foreign direct investment (FDI) capital in the first three months of the year, a 3.8 fold increase over a year earlier, said Mr. Su Ngoc Anh, Director of the city Department of Planning and Investment, in a press conference on March 29th.
Photo for illustration
Specifically, the city licensed 181 projects with a total capital of USD215.09 million, up 20.7% in number of projects and up 52.8% in capital compared to the same period last year.
Sectors absorbing the most FDI capital are: processing and manufacturing industry at USD82.22 million, up 23 fold year on year; wholesale and retail, automobile, motorcycle and motor vehicles at USD63.38 million, up 41%; and real estate business at USD48.32 million, up 6.4 fold.
In addition, 297 ongoing projects registered increased capital totalling USD113.52 million with the focus on sectors such as accommodation and catering services, science and technology, wholesale and retail, and processing and manufacturing industry.
The southern hub also allowed 531 foreign investors to implement procedures for capital contribution and share purchase with a registered capital of USD951.24 million, a 5-fold increase compared to the same period last year./.
BTA
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