HCM City’s FDI attraction reaches over $1.37Bln in Jan-May

From early this year till May 16, there have been 118 FDI (foreign direct investment) projects being licensed in HCM City with a total pledged capital of $1.316 billion, according to the HCM City Statistics Bureau.

Of which, there were 29 joint venture projects capitalized at $86 million and 89 100 percent foreign-invested ones with a total investment capital of $1.23 billion.

Regarding the investment fields, the industry sector drew 15 projects worth $1.033 billion, construction sector lured 16 projects valued at $11 million, trade sector with 33 projects for $91.9 million and real estate and consulting service sectors with 48 projects for $175.9 million.

Singapore is now HCM City’s largest foreign investor with nearly $1.104 billion for 19 projects and then Korea with 21 projects worth $22.7 million, Japan (16 projects worth $6.7 million), the US (10 projects for $10.5 million), Taiwan (4 projects for $129.9 million), Netherlands (five projects worth $24.3 million) and Brunei (one project worth $5 million).

There were 36 FDI projects registering to raise investment capital and chartered capital totaled at $54.1 million. The total newly-granted and raised FDI capital till May 16 in HCM City reached $1.37 billion, up 62.5 percent from the same period last year.

The total number of valid FDI projects till May 16 in HCM City reached 3,990 ones capitalized at over $31.056 billion. – Vietbiz24

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

Posted by VBN on May 24 2011. Filed under Investment, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry