Over USD3 billion of FDI capital poured in southern hub

Friday, 09/10/2020 16:53
From the start of the year to September 20, foreign direct investment (FDI) capital in Ho Chi Minh city totaled USD3.25 billion, a 28% decrease compared to the same period last year, according to the city Department of Planning and Investment.
Photo for illustration. (Source: vneconomy.vn)

Of this, USD407.4 million was poured into 719 newly-licenced projects, while USD283.8 million was added into 163 underway projects, and USD2.56 billion was invested in 2,911 share trading deals.

The commercial sector took the lead in FDI attraction in the nine months with USD751.1 million, accounting for 23.1%. It was followed by the property sector with USD726.8 million (22.3%), science-technology with USD685.5 million (21.1%), and the manufacturing and processing industry with USD411.4 million (12.6%).

According to the Department of Planning and Investment, three areas which Ho Chi Minh City gives priority for investment include smart cities, developing creative urban areas in the East and building financial centers.

Aiming to create the most favorable investment environment for businesses, the city People’s Committee assigned the Department of Planning and Investment to coordinate with relevant departments and branches to discuss and find solutions to effectively implement provincial competitive index, administrative reform index and satisfaction index on administrative service./.

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