Foreign direct investment in HCM City surges 47 percent
Ho Chi Minh City attracted 4.6 billion USD in foreign direct investment (FDI) in 2015, up 47 percent from previous year, according to the municipal People’s Committee.
Chairmand of the municipal People's Committee Nguyen Thanh Phong (R) grants investment licence for a foreign investor. (Photo: VNA)
HCM City (VNA) - Ho Chi Minh City attracted 4.6 billion USD in foreign direct investment (FDI) in 2015, up 47 percent 🧜from previous year, according to the municipal People’s Committee.
During the year, the city granted licences to 566 new projects with total registered capital of 2.87 billion USD, rising 31.9 percent and 0.8 percent, respectively, compared to the 2014’s figures. In addition, 181 other projects got approval for capital addition.
The UK remains the top investor in the city with 10 projects valued at more than 1.2 billion USD, accounting for 42.8 percent of total capital, followed by the Republic of Korea with total investment worth 465.1 million USD (16.6 percent), British Virgin Islands with 370.3 million USD (13.2 percent), Singapore with 140.8 million USD (5 percent) and the US with 135.1 million USD (4.8 percent).
Regarding sectors, real estate drew the largest amount of foreign capital (1.5 billion USD), chased by industry (767.4 million USD), technology and science (169.4 million USD), trade (167.3 million USD) and information and communication (32.1 million USD).
The city is currently home to 5,765 valid foreign projects with total investment of over 40.5 billion USD.-VNA
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Chairmand of the municipal People's Committee Nguyen Thanh Phong (R) grants investment licence for a foreign investor. (Photo: VNA)
