3:26:43 PM | 7/8/2005
Ho Chi Minh City is expected to attract some US$800 million worth of foreign direct investment (FDI) capital in 2005, with 50 per cent coming from new FDI projects and the remaining 50 per cent from the expansion of existing projects, said deputy director of Ho Chi Minh City Department of Planning & Investment Luong Van Ly.
The city attracted 54 FDI projects with combined registered investment capital of US$228 million in the first half of this year. It also licensed 50 existing FDI projects to raise their investment capital by US$308 million in the same period.
Most of the newly licensed FDI projects are involved in the construction of houses, infrastructure and hospitals.
The city has recently held a meeting with foreign investors to discuss measures to deal with the obstacles that the investors are facing and create the most favorable conditions for the operations of the investors.
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