FDI Continues to Flow in HCMC

Ho Chi Minh City lured over US$2.1 billion in foreign direct investment (FDI) in the first 7 months of this year, up nearly 70% against the same period last year, according to the municipal Department of Planning and Investment.

 

From January to July, the city licensed 175 FDI projects with total registered capital of over US $1.7 billion, and saw 61 operational FDI projects increase capital by US$270 million.

 

Of the licensed, 25 projects involved in processing and manufacturing industry and their capital accounted for nearly 62% of the total FDI.  Seven others engaged in real estate with a combined capital of US$334 million.

 

In the 7-month period, 10 fresh FDI projects and 18 operational FDI projects increasing registered capital are located in industrial parks and export processing zones.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, Vietnam attracted US$9.1 billion in FDI from January to July, down 25.4%. The figure included US$7.6 billion in 504 newly-licensed projects and US$1.4 billion in capital increase by 147 operational projects.