Foreign investment in HCM City increases in 10 months

Ho Chi Minh City has licensed more than 300 foreign-directed investment (FDI) projects with a total registered capitalization of over US$2 billion so far this year, a year-on-year increase of 4 percent.

In addition, 104 projects asked for an expansion of their capital, bringing the total number of FDI capital over the past 10 months to US$2.46 billion, an increase of 33 percent compared to the same period last year.

FDI mainly focuses on the processing,  consultant services, trade, medical, and banking industries.

The Director of the City’s Trade and Investment Promotion Centre, Tu Minh Thien, said increasing FDI in the fields of industry and processing is a good signal, which demonstrates that the city is on the right track to attracting increased foreign investment. – VOV

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2011, Vietnam investment

Posted by VBN on Nov 3 2011. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry