Foreign investment in Ho Chi Minh City remains positive

Tuesday, 12/10/2021 18:15
The Ho Chi Minh City Export Processing Zone and Industrial Park Authority (HEPZA) Business Association said that foreign investment in Vietnam in general and the southern city in particular has showed positive signs over the past time.
Photo for illustration. (Source: nld.com.vn)

Specifically, in Jan-Sept 2021, foreign investment capital in Vietnam reached 22 billion USD. While foreign investment capital in HCM City decreased 29.3% compared to the same period last year this mainly focused on leading FDI businesses.

For example, Intel Products Vietnam Company has invested an additional 475 million USD, bringing the total capital to 1.5 billion USD, and committed to continue to invest 2.6 billion USD in the coming time. Previously, many other groups such as Samsung HCMC EC Complex Electronics Co., Ltd. have increased their investment capital by USD 330 million for production, repair, assembly, equipment processing and trading projects.

CJ Group invested in a project to produce cakes and coffee ice cream with a capital of 486 billion VND, while Nipro Vietnam Co., Ltd also poured another 6,473 billion VND in the production line of medical equipment.

Aiming to support FDI businesses to quickly recover production activities, Chairman of HEPZA Business Association Nguyen Van Be said that FDI enterprises recommend that the city soon reconnect flights with the United States, Japan and ASEAN countries to welcome investors and experts to work in Vietnam.

Many FDI enterprises said that they are willing to contribute to basic construction, including initial medical equipment, to build a field hospital in export processing zones and industrial parks./.

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