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| HCM City expects to attract 7.4 billion USD in FDI. (Photo: Zings.vn) |
According to the Ho Chi Minh City Department of Planning and Investment, in the first 20 days of January 2023, the city absorbed more than 179 million USD, a year-on-year rise of nearly 74%.
Specifically, the city saw 50 FDI projects licensed with a total registered capital of nearly 87 million USD, including 44 projects in the form of 100% foreign capital investment and 6 projects in the form of joint ventures.
Singapore still ranks first among countries and territories investing in HCM City with 12 projects, worth nearly 77 million USD, accounting for more than 88%. It was followed by Taiwan (China) and Hong Kong (China).
At the same time, 20 ongoing projects adjusted their investment capital with nearly 38 million USD.
In addition, 139 foreign investors carried out procedures to contribute capital, buy shares, and purchase capital contributions of domestic enterprises, with registered capital of nearly 55 million USD.
However, Mr. Pham Tuan Anh, Deputy Head of Department in charge of External Economic Affairs, Department of Planning and Investment, said that FDI attraction may face difficulties in 2023. Therefore, HCM City’s FDI is not expected to have a sudden change compared to 2022.
“However, if this year is successful in attracting a new project of Intel Products Vietnam Co., Ltd with a total capital of 3.3 billion USD, the socio-economic situation is more stable, and inflation continues to be controlled, FDI in the city is estimated at 7.4 billion USD,” said Mr. Tuan Anh./.