Singaporean capital flows into Ho Chi Minh city
Tuesday, 08/10/2019 20:22 (GMT+7)
In September, Singaporean investors registered 17 new projects in Ho Chi Minh city with a total capital of more than USD120 million.
Photo for illustration
Investors from the Lion Island surpassed British Virgin Islands for the first time to take the lead among 62 countries and territories pouring capital into the city, with newly-registered capital of USD240 million, accounting for over 25% of the total.
From the start of the year, the southern hub has licensed nearly 950 foreign-invested projects with a registered capital of USD953 million; up over 25% in number of projects and up 39% in capital compared to the same period last year.
Total newly-registered and added capital for the period doubled to nearly USD1.5 billion. The capital mainly focused on the fields of real estate business, science and technology, trade, processing industry and warehouse transport.
In spite of occupying a small proportion of capital, the Republic of Korea still topped the number of newly-registered projects in Ho Chi Minh city with 199, followed by Japan, Hong Kong (China) and China./.
BTA