FDI flow in HCM City Soars
The sharp increase in the Foreign Direct Investment (FDI) flow in Ho Chi Minh City in early months of 2014 has shown that the city’s investment environment is safe and attractive to foreign investors, said Chairman of the Municipal People’s Committee Le Hoang Quan.
To lure more investment, the city has launched various policies to improve its investment environment and drastically reformed administrative procedures, head of the Department for Planning and Investment Thai Van Re confirmed.
As many as 169 projects with a total registered capital of US$967 million were licensed by the city over the past five months, equal to 423 percent of the same period last year.
Meanwhile, 53 projects were allowed to increase their capital by US$110 million. The total FDI flow in the city is estimated around US$1.08 billion, equal to 202 percent of the same period last year.
General Director of Aeon Viet Nam Yasuo Nishitohge revealed that four years after the corporation landed in Viet Nam, it has four projects licensed with a total registered capital of US$512 million.
Mr Takashi Sakakibara, Deputy Director General of Japan's Nikken Company said that Nikken has poured US$711,000 in the mechanical sector.
The company expects to increase its investment in Ho Chi Minh city in the future, he added.
Vietnamese
