Illustrative image (Source: VNA) HCM City (VNA) – Ho Chi Minh City reeled in 1.28 billion USD inforeign direct investment (FDI) in the January-March period, 3.8 times higherthan that the same period of 2017, via newly-licensed and added investments andshare purchase.
The southern metropolis grantedlicences to about 180 new FDI projects which have total investment of over 215million USD, up 52.8 percent year-on-year.
The processing-manufacturing industry raked in thelargest amount of 82.22 million USD, a 23-fold surge year-on-year. It wasfollowed by the sale, repair of automobiles, motors, motorbikes and othervehicles which drew in 63.38 million USD, up 41.1 percent year-on-year. Realestate came third with 48.32 million USD, up 6.4 percent.
Norway was the biggest investor who invested 70.08million USD or 32.6 percent. It was followed by the Republic of Korea, 53.38million USD; and Singapore, 41.72 million USD.
In the first quarter of 2018, total investment of morethan 113.5 million USD was added into 297 operational projects while some 530foreign investors were permitted to purchase shares, worth over 951 millionUSD, from domestic companies.
According to Director of the municipal Department ofPlanning and Investment Su Ngoc Anh, the foreigners’ share purchase was fivetimes higher than that of the same period last year, mostly in the fields ofreal estate (46.6 percent), science and technology (19 percent) and travelservices (8.5 percent).
Ho Chi Minh City continued providing online services forregistering foreign investment and share purchase in the first three months ofthis year. More than 480 online applications were successfully processed.
About 8,000 businesses were newly registered during theperiod with the total capital of nearly 100.4 trillion VND (4.42 billionUSD).-VNA
The southern metropolis grantedlicences to about 180 new FDI projects which have total investment of over 215million USD, up 52.8 percent year-on-year.
The processing-manufacturing industry raked in thelargest amount of 82.22 million USD, a 23-fold surge year-on-year. It wasfollowed by the sale, repair of automobiles, motors, motorbikes and othervehicles which drew in 63.38 million USD, up 41.1 percent year-on-year. Realestate came third with 48.32 million USD, up 6.4 percent.
Norway was the biggest investor who invested 70.08million USD or 32.6 percent. It was followed by the Republic of Korea, 53.38million USD; and Singapore, 41.72 million USD.
In the first quarter of 2018, total investment of morethan 113.5 million USD was added into 297 operational projects while some 530foreign investors were permitted to purchase shares, worth over 951 millionUSD, from domestic companies.
According to Director of the municipal Department ofPlanning and Investment Su Ngoc Anh, the foreigners’ share purchase was fivetimes higher than that of the same period last year, mostly in the fields ofreal estate (46.6 percent), science and technology (19 percent) and travelservices (8.5 percent).
Ho Chi Minh City continued providing online services forregistering foreign investment and share purchase in the first three months ofthis year. More than 480 online applications were successfully processed.
About 8,000 businesses were newly registered during theperiod with the total capital of nearly 100.4 trillion VND (4.42 billionUSD).-VNA
VNA
