Southern hub attracts USD1.6 billion in FDI
Friday, 05/06/2020 18:28 (GMT+7)
In May, Ho Chi Minh City attracted USD1.6 billion in foreign investment, accounting for 57.67% of the total investment capital compared to the same period in 2019.
Ho Chi Minh city attracts USD1.6 billion in FDI in May. (Photo: baodautu.vn)
The above figures include the total registered capital in certificates and capital attracted through the form of capital contribution, share purchase and capital contribution of domestic enterprises.
During a meeting on the socio-economic situation in May on June 4th, Ms. Le Thi Huynh Mai, Director of city Department of Planning and Investment, said that 450 foreign investment projects had been registered, with the total registration capital of more than USD248 million.
According to Ms Mai, 52.9% of this is in retail, automobile and motorbike; 17.76% in real estate; 8.6% in professional activities, science and technology; 6.68% in information and communications; 3.8% in construction; and 3.83% in processing and manufacturing industries.
In addition, 80 projects licensed from previous years adjusted investment capital with the additional capital of USD122 million. The city also approved 1,923 foreign investors to contribute capital and buy shares from domestic enterprises./.
Compiled by BTA
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